A senior U.S. official said on Sunday that Treasury Secretary Scott Bessent will urge G7 countries to take action. In his address, he will emphasize the need to strengthen global economic stability and coordinate in response to current challenges. Bessent is expected to present specific proposals for reforming international financial institutions. He will also touch upon issues of combating tax evasion and ensuring transparency in global financial flows. "We must work together to build a more resilient and equitable economic system for all," the source in the administration quotes the Secretary as saying.
US Treasury Secretary to Urge G7 Action
A senior U.S. official announced that Treasury Secretary Scott Bessent will present proposals to G7 leaders to bolster global economic stability and reform financial institutions.