Thread by @AlterIgoe

Here's @USTreasury's statement to the IMFC and @WorldBank Development Committee (happening today). Doesn't mention support for IDA $25B emergency funding proposal. home.treasury.gov/news/press-rel…

"During these challenging economic times, critical that WB manage financial resources judiciously + transparently, w clear justifications for allocations to countries w robust access to other financing sources, so as not to burden shareholders w premature calls for new financing"

"As we move towards recovery, we encourage countries to see in this crisis an opportunity to improve debt management and pursue structural reforms that lay the foundation for stronger medium-term growth, economic resilience, and debt sustainability."

This statement seems to put the responsibility on the multilaterals and lower-income countries to manage things better, rather than providing resounding reassurance that the U.S. government will have their backs in the face of a crisis pushing 100+ million into extreme poverty.