U.S. Treasury Secretary: Washington Plans to Preserve Power at the World Bank and IMF

Wall Street Journal , Jun 15, 2017
by Ian Talley

U.S. Treasury Secretary Steven Mnuchin said Wednesday that despite plans to cut contributions to the World Bank and other multilateral institutions, the administration still plans to preserve Washington's power within them as a critical tool for U.S. foreign policy.

"America will continue to lead on issues of global importance, and therefore will remain a top donor to the multilateral development banks as our economy is the largest in the world," Mr. Mnuchin said in prepared remarks to a House Appropriations subcommittee.

To continue reading, click here.