The Briefing
How will the US engage with the IMF and World Bank?
Apr 24, 2025
Erin Burnett, a Senior Fellow at the Democratic Strategy Initiative in Berlin, and Nick Manese, Design Editor at Monocle reporting from Jakarta, engage in a riveting dialogue about the U.S.'s evolving role in the IMF and World Bank. They discuss America's commitment to fair trade amidst global economic shifts and China's growing influence. Meanwhile, Manese shares insights from the Chiefs Conference, highlighting the intersection of design and business, particularly with Indonesian furniture and eco-friendly innovations. The blend of economic policy and cultural creativity makes for an intriguing conversation.
33:51
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Quick takeaways
- The US aims to balance 'America first' with multilateral engagement, reaffirming its commitment to the IMF and World Bank despite trade tensions.
- Canada is being urged to lead on frozen Russian assets to support Ukraine, reflecting a strong political consensus for this critical action amidst global geopolitical challenges.
Deep dives
US Commitment to International Economic Institutions
The podcast highlights the United States' commitment to the International Monetary Fund (IMF) and the World Bank, underscoring that 'America first' does not equate to isolationism. US Treasury Secretary Scott Bessent emphasized the importance of these institutions in promoting global trade fairness while criticizing potential mission creep within them. He mentioned that over a hundred countries are negotiating with the US regarding tariffs amid ongoing trade tensions with China. This acknowledgment of the US's need for multilateral engagement indicates a strategic shift towards fostering partnerships rather than pursuing unilateral policies.
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