Geopolitics
6.9
US Pressures World Bank to Fund Fossil Fuels, Nuclear, Deep-Sea Mining; Halt China, Poland Lending
Published 2 d ago1 sourceEvidence: Reported
SeverityHighAssessedDeveloping storyAl Jazeera ARUS · CN · PL
US Treasury Secretary Scott Bessent issued a strong warning to the IMF, demanding stricter control over debtor countries' spending, and urged the World Bank to finance oil and gas projects. This signals a shift in US policy toward more conditional lending and fossil fuel support, potentially affecting global financial governance and energy transition efforts.
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