In a speech on April 23rd America’s treasury secretary, Scott Bessent, laid out the Trump administration’s vision for the global financial system. Rather than announcing that America was leaving the imf and World Bank, as some had feared, Mr Bessent’s “blueprint to restore equilibrium” put the Bretton Woods institutions clearly at its centre. They are now to police abuses of the system, he said, including those committed by China.
The Economist
