Trump Snubs Global Order Again as U.S. Rejects IMF Funding Boost
- Treasury’s Malpass says U.S. opposes boost to fund’s capital
- Decision comes as emerging markets face growing stress
The logo of the International Monetary Fund (IMF) is displayed out the headquarters in Washington, D.C.
Photographer: Andrew Harrer/Bloomberg
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The U.S. is opposing an increase to the IMF’s permanent capital levels, President Donald Trump’s latest snub of multilateral organizations as he pursues his “America First” foreign policy.
The International Monetary Fund is examining its capital levels under a regularly scheduled review. The Washington-based fund is mostly financed by shares, known as quotas, paid by its 189 member nations.