The Governor of the Bank of England has urged continued US support for two major global economic institutions.
Andrew Bailey told the BBC he was “following extremely closely” whether the Trump administration will change its support for the International Monetary Fund (IMF) and the World Bank.
Sources in Washington said the two institutions were caught by a White House executive order for a review of United Nations (UN) and other international organisations.
Mr Bailey said it is “very important that we don’t have a fragmentation of the world economy”.
He said “a big part of that is that we have support and engagement in the multilateral institutions, institutions like the IMF, the World Bank, that support the operation of the world economy. That’s really important.”
There is growing concern in finance ministries and central banks around the world about US disengagement from the institutions, with radical changes to the global financial system now being floated in Washington DC.
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