US Treasury Secretary Scott Bessent Skips IMF World Bank Meetings
Treasury Secretary Scott Bessent will miss the IMF and World Bank meetings in Bangkok, leaving Deputy Secretary Francis Brooke to lead the US delegation.
US Treasury Secretary Scott Bessent will skip the annual International Monetary Fund and World Bank meetings in Bangkok, Thailand, next week. Bessent cited domestic engagements as the reason for his absence, though he is expected to attend the G20 leaders summit in Miami, Florida, this December.
Deputy Treasury Secretary Francis Brooke and Under Secretary for International Affairs Erin Browne will lead the US delegation in his place. The United States Department of the Treasury stated that its representatives will focus on addressing structural imbalances and pushing for transparency in sovereign debt. The department intends to ensure that international financial institutions advance US economic and national security interests.
Bessent's absence comes at a time of significant economic volatility, with benchmark Treasury yields reaching 25-year highs. Additionally, global growth continues to be hindered by energy shocks resulting from the war in the Middle East.
