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EconomyBessent calls for World Bank reforms, including upstream oil and gas financing

US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.

World Bankreformoil and gas financing

People in this report Scott Bessent

RReuters★★★☆☆2026-10-15 05:05Original

Bessent calls for World Bank reforms, including upstream oil and gas financing
Bessent calls for World Bank reforms, including upstream oil and gas financingEconomy