IMF's Georgieva, World Bank's Banga need to earn Trump administration's trust, Bessent says

WASHINGTON, April 23 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that International Monetary Fund Managing Director Kristalina Georgieva and World Bank President Ajay Banga are both good leaders but they will have to earn the Trump administration's trust refocusing the institutions on their core missions.

Bessent also told reporters that no decision has been made on whether to proceed with a $4 billion pledge to the World Bank's fund for the poorest countries made last year by former president Joe Biden. That will depend on U.S. budget negotiations and the bank's progress in improving its focus on development outcomes, or getting "back to basics," he said.