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The U.S. also backed a $13 billion capital increase for the World Bank in April. Trump may have fulminated against the global economic order, and Mnuchin has said the IMF must do more to fix trade imbalances, but there’s a sense that the two Washington-based institutions have escaped the expected wrath of the president. So far.

‘It’s been relatively quiet” on the IMF front, said Thomas Bernes, a distinguished fellow at the Centre for International Governance Innovation in Waterloo, Ontario, and a former Fund executive director. “That’s been a pleasant surprise.”

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