International

US Treasury Secretary Bessent urges World Bank to end support for China

"US Treasury Secretary Bessent calls for the World Bank to halt support for China, prioritizing critical mineral supply chains and reliable energy financing. Discover the implications."

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US Treasury Secretary Bessent urges World Bank to end support for China
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US Treasury Secretary Bessent has urged the World Bank to cease its support for China, emphasizing that securing critical mineral supply chains is a priority for the United States. During his remarks, Bessent also called on the World Bank to finance reliable energy sources and proposed the elimination of the 45% climate co-benefits financing target.

These statements were made in the context of ongoing discussions about international energy and resource management. Bessent"s comments highlight a shift in U.S. policy regarding financial support for China, reflecting broader concerns about supply chain security and energy reliability.

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