Tariff deal talks to dominate IMF-World Bank meetings this week

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WASHINGTON: Hundreds of global finance leaders will land on Washington this week, with each single mission: Who can I talk to to reduce trade agreements?

The International Monetary Fund and the World Bank Group’s semi -annual gatherings are stirring matters with high -level multilateral policy negotiations, but also meets with each other between the finance ministers who are financing the project, returning foreign investment home and for poor economies.

This year, instead of coordination of climate change, inflation and financial support for Ukraine’s struggle against Russia’s invasion, a problem will dominate a problem: in particular, how, how, after returning to the White House in January, less than less than a less than a less than a less than the US President Donald Trump – less than less than a lower than that of Donald Trump. After the return.

And it can be largely focused on one person, the new US Treasury Secretary Scott Basant, who is an important negotiator for Trump’s tariff deal, and whose support for the IMF and the World Bank is a question mark.

“Trade wars will dominate the week, as bilateral negotiations that almost every country are trying to move forward in some way, shape or shape,” said Josh Lipsky, senior director of the Atlantic Council’s Geo Economics Center. “So it becomes spring meetings, unlike anyone else, which dominates the same problem.”

‘Received Mark Daons’

The issuance of Trump’s prices on Tuesday is already darkening the IMF’s economic prediction, which will further pressure the country’s debt burden.

IMF Managing Director Cristalina Georgiefa said last week that the global economic outlook estimates will include “remarkable mark downs but not recession”, which is mainly due to tariff riots “away from charts” uncertainty and market fluctuations.

Although Georgiefa said the world’s real economy was working well, he warned that rapidly negative reactions to trade riots and concerns about recession could reduce economic activity.

One possible new challenge for policy makers is whether the dollar will still be an asset to a safe haven, when Trump’s prices have given rise to sales in US treasury loans, Lipsky said. Along with the IMF and the World Bank meetings, a part of a group of 20 finance leaders, as well as a major gathering of groups of 20 people in the crisis, have proved important forums to connect the crisis. Crisis

Policy experts say that this time, with the ministers of trade, the delegation aims to advance their economies first.

Basant tariff conversation

Japan puts pressure on autos and steel through 25 % of Trump’s tariffs, and mutual taxes on everything that can reach 24 %, especially the US tariff wants to sew the deal quickly.

With a more advanced dialogue than in other countries and the participation of Trump, Japanese Finance Minister Kitsnobo Kato is expected to meet Basant to resume talks on the occasion of the IMF and the World Bank gathering.

Seoul’s Ministry of Finance said that South Korean Finance Minister Choi Sang Mock also accepted the invitation for a meeting by Basant to discuss trade this week, as the US ally on export -dependent 25 % of the revenue is delaying the implementation of revenue and cooperating with the United States, such as energy and shipbuilding.

But many participants in the meetings have questions about the Trump administration’s support for the IMF and the World Bank. Project 2025, a tough right Republican policy manifesto, which has affected many decisions to renovate Trump’s government, has demanded the withdrawal of institutions from the United States.

“I’m really looking at the key role in answering some basic questions for secretary Basant at these meetings,” said Lee. “First and most importantly, does the American MDB support like its interest for (multilateral development banks)?” Lee said.

American financial aid

World Bank President Ajay Banga said last week that he had had a constructive dialogue with the Trump administration, but did not know whether the former president, who would provide $ 4 billion in contribution to the bank’s fund for the poorest countries in the world last year, with the Biden administration.

Banga is also expected to extend the bank’s energy financing this week primarily from renewable sources to include nuclear and maximum gas projects and a change towards more climate adaptation projects – a mixture according to Trump’s priorities.

Basant returned the IMF’s new, Billion $ 20 billion loan program for Argentina, which traveled Buenos Aires last week in support of the country’s economic reforms, saying that the United States wants more such alternatives to “irrational” bilateral debt deals with China.

Three former carrier officials, who later represented the United States in the IMF’s Executive Board, called the fund a “great financial agreement for the United States.”

Meg Lindsar, Elizabeth Shorteno and Mark Sobel said in a piece of opinion published in the Hill’s newspaper that the IMF, at zero costs, offers considerable economic influence.

He wrote, “If the United States withdraws from the IMF, China wins.” “Our influence allows us to form an IMF to achieve American priorities.”