US Treasury Urges IMF and World Bank to Adopt Firmer Stance Toward China

The Treasury Secretary has pressed leading global financial institutions to take a stricter approach in their engagement with China.

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Terms & Concepts
  • IMF (International Monetary Fund): An international organization that promotes global monetary cooperation, secures financial stability, facilitates trade, and supports economic growth.
  • World Bank: A global financial institution providing loans and grants to developing countries for capital projects and economic development.
  • US Treasury Secretary: The head of the U.S. Department of the Treasury, responsible for formulating and recommending economic, fiscal, and tax policies.