US Treasury’s Bessent to Skip IMF-World Bank Meetings in Bangkok
The Treasury will send a deputy-led delegation to press the IMF and World Bank on debt relief, efficiency and core mandates.
- Treasury Secretary Scott Bessent will skip next week's IMF and World Bank meetings in Bangkok, Thailand, citing domestic engagements, a Treasury official said Friday.
- Deputy Treasury Secretary Francis Brooke and Under Secretary for International Affairs Erin Browne will lead the U.S. delegation to address sovereign debt and restore stability in distressed nations.
- Benchmark Treasury yields have surged to their highest levels in nearly 25 years, while ongoing energy shocks from the Middle East war have set back global growth.
- International officials who typically use these meetings for bilateral talks may be frustrated by the absence; Bessent previously skipped G20 meetings in South Africa last year.
- Bessent may also skip the APEC finance ministers meeting in Hong Kong later this month to focus on preparations for President Donald Trump's November visit to Shenzhen.
12 Articles
12 Articles
EXCLUSIVE: US Treasury's Bessent to skip IMF-World Bank meetings in Bangkok
The US Treasury Secretary will miss the meetings of the IMF and the World Bank - why this is unusual and what are the reasons why Scott Bescent will not go to the IMF and World Bank meetings in Bangkok due <p>to domestic affairs. The US delegation will be led by his deputies.</p>
U.S. Treasury officials confirmed on the 9th that Treasury Secretary Scott Bessent will not attend the annual meetings of the International Monetary Fund (IMF) and the World Bank in Bangkok, Thailand next week. Bessent's absence is drawing attention as the Iran war pushes up the cost of living and U.S. Treasury yields remain high. AFP reported that the U.S. currently holds the rotating presidency of the G20, and Bessent was originally scheduled …
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