This is less than the $4 billion Biden wanted to hand out, but why throw good money after bad by providing ANY money for the globalists at the World Bank and International Monetary Fund?

Treasury Secretary Scott Bessent put it well in his speech to the IMF recently when he told the gathering of international bureaucrats that they are “obsessed with climate change, gender, and social issues.” The IMF and World Bank, he complained, want a “blank check” for decades of failed economic development missions.

So why give it to them?

The IMF and World Bank are sitting on more than $1 trillion of resources – a big percentage of which has come from American taxpayers. Yet there is no evidence of development – just dependency. As we’ve noted before in the Hotline, the globalists’ obsession with shutting down fossil fuel projects has denied many hundreds of millions of those in poor nations the reliable energy production that is imperative for growth.