The heads of the World Bank and International Monetary Fund on Tuesday (Nov 12) said they would work with the incoming US administration of Republican Donald Trump to continue to provide financing to d
The venue of the United Nations climate change conference, known as COP29, in Baku, Azerbaijan on Nov 11 2024 The heads of the World Bank and International Monetary Fund on Tuesday said they would work with the incoming US administration of Republicanin Azerbaijan that the global lender had worked with Trump during his previous term and looked forward to doing so again."They have a mandate from the American people," she said.
The election of Trump, who is expected to pull the United States back from global efforts to fight climate change, has raised questions about the ability of the IMF and the World Bank -- where the US is the largest shareholder -- to ramp up funding for countries around climate-related issues.
The conservative Republican"Project 2025" agenda, from which Trump has distanced himself, calls for U.S. withdrawal from the IMF and World Bank to pursue only bilateral development and financial aid in line with U.S. interests.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Historic return’: World leaders react as Donald Trump claims victoryThey are jubilant as they anticipate the likelihood of a second Trump presidency.
Read more »
US elections: World leaders congratulate Donald Trump on return to the White HouseSingapore Prime Minister Lawrence Wong says the country stands ready to work closely with US President-elect Donald Trump, in advancing bilateral ties and US' partnerships in the Asia Pacific. Other leaders have also been offering Mr Trump their congratulations.
Read more »
DBS stock jumps on $3b share buyback plan, record $3.03b quarterly profitThe bank sees upside to its 2025 profit as Donald Trump takes office as US president.
Read more »
Central bank independence being challenged in many countries, Thai central bank chief saysBANGKOK: The independence of central banks is being challenged and they have come under more pressure lately than at any time in the past decade, the Bank of Thailand (BOT) chief said, according to a speech transcript released on Monday (Nov 4) "Central bank independence in many countries, including...
Read more »
Donald Trump calls movie The Apprentice 'fake and classless'Donald Trump has lambasted The Apprentice as 'fake and classless'. The new film follows the controversial businessman (Sebastian Stan) in the 1970s as he rises from a New York real estate mogul to a figure synonymous with wealth and power under the tutelage of right-wing lawyer and political fixer Roy Cohn (Jeremy Strong).
Read more »
Is Kamala Harris losing black voters to Donald Trump as the US presidential election looms?Some African Americans – traditionally supporters of the Democratic Party – seem to be gravitating towards the Republicans, experts say.
Read more »