Treading the Trump Tightrope at the IMF and the World Bank
Established to uphold global rules and support development, the International Monetary Fund and the World Bank now face an aggressively nationalist America – their largest shareholder – and the rest of the world. How they approach these issues will determine their effectiveness, notes Ngaire Woods in
Project Syndicate.
If their leaders speak truth to power, they risk the US President’s wrath. If they don’t, they put their legitimacy at risk. Both Italian Prime Minister Giorgia Meloni and British Prime Minister Keir Starmer have maintained a working relationship with Trump by employing flattery and avoiding concrete commitments. This is new terrain for the IMF and the World Bank, whose leaders are used to working with the US State Department and the Treasury, as well as Congress. The IMF’s Managing Director and the Bank’s President must now take a much more active role in relationship management with the White House.
https://www.project-syndicate.org
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