Global News Podcast US Treasury secretary criticises the IMF and World Bank
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Apr 23, 2025 
Michelle Fleury, a business correspondent, discusses the US Treasury Secretary's sharp critique of the IMF and World Bank for straying from their core missions. She highlights the need for these institutions to realign with US goals amidst China's rising influence. Meanwhile, James Landell, a diplomatic correspondent, analyzes the US's challenging peace initiatives in Ukraine, emphasizing the complexities of ongoing diplomatic efforts. They also touch on astonishing historical findings regarding a Roman gladiator's life and death.
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US Criticizes IMF and World Bank
- The US Treasury Secretary criticized the IMF and World Bank for deviating from their founding purposes.
- He called for rebalancing the international financial system with a focus on China's economic policies.
US-China Tariff Conflict Unsustainable
- The US-China tariff dispute with tariffs over 100% on certain goods is unsustainable.
- Both sides and the IMF see a need to de-escalate tensions to avoid damaging global growth.
US Ultimatum for Ukraine Peace
- The US has issued an ultimatum to Russia and Ukraine to agree to a ceasefire and territorial freeze.
- Ukraine's refusal to recognize Russian control over Crimea complicates peace negotiations.