Saturday, April 14, 2018

Now, Trump Wants to Increase By Billions the Capital Given to the World Bank

Oh yeah, Trump is really fighting the globalists.

The Trump administration is poised to back a $13 billion capital increase for the World Bank.

Barring last-minute hiccups, US Treasury secretary Steven Mnuchin is set to tell fellow World Bank shareholders at next week’s spring meetings in Washington that he will support an increase in the bank’s capital, a senior Treasury official confirmed to the Financial Times.

Notes FT:
The move would be a significant shift in the US administration’s attitudes towards multilateral institutions.

-Robert Wenzel  

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