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Global News Podcast

US Treasury secretary criticises the IMF and World Bank

Global News Podcast

BBC

Society & Culture, Daily News, News, Documentary

4.27.8K Ratings

🗓️ 23 April 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

The US Treasury secretary says the IMF and World Bank have deviated from their purpose. Also: The US issues Ukraine with an ultimatum, and proof that a Roman gladiator in Britain was bitten by a lion.

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Global News podcast from the BBC World Service.

0:06.6

I'm Rachel Wright, and in the early hours of Thursday the 24th of April, these are our main stories.

0:12.8

The US Treasury Secretary attacks the IMF and the World Bank.

0:17.2

America First means we are doubling down on our engagement with the international economic system, including at the IMF and the World Bank.

0:26.7

We'll tell you what that means. Also, President Trump criticizes the Ukrainian leader again.

0:32.7

He wants to see the killing stopped, but you need both sides of the war willing to do that. And unfortunately,

0:38.8

President Zelensky seems to be moving in the wrong direction.

0:42.0

India closes its border with Pakistan after unknown gunmen killed 26 Indian tourists.

0:50.9

Also in this podcast, I've been analyzing skeletons for 30 years, but I've never seen anything like it.

0:58.0

Proof that a gladiator in Roman Britain was bitten by a lion.

1:08.0

In the Trump administration's ongoing effort to bring about what it sees as a rebalancing of the world economy,

1:15.3

both the IMF and the World Bank have come under heavy criticism.

1:19.7

The U.S. Treasury Secretary Scott Besant said both institutions had deviated from their purpose.

1:26.2

I invite our allies to work with us as we rebalance the international financial system,

1:32.9

refocus the IMF and World Bank on their founding charters.

1:36.8

America First means we are doubling down on our engagement with the international economic system,

1:43.4

including at the IMF and the World Bank.

1:46.8

Scott Bessent also focused much of his attention on China.

1:50.9

China in particular is in need of a rebalancing. Recent data shows the Chinese economy

1:57.9

tilting even further away from consumption toward manufacturing.

2:03.0

China's economic system, with growth driven by manufacturing exports,

2:08.4

will continue to create even more serious imbalances with its trading partners

...

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