Policymakers around the globe should not react in haste to announcements by United States (US) President Donald Trump’s administration and be prepared to argue their case, World Bank President Ajay Banga has told Reuters.
Trump’s first week in office has seen a flurry of executive orders and policy plans, ranging from tariffs on Canada, Mexico and China to a review on all existing foreign assistance.
“My only advice to everyone is, don’t be in too much of a hurry to respond or judge,” Banga told Reuters on the sidelines of the Mission 300 Africa Energy Summit in Tanzania’s commercial capital of Dar Es Salaam.
Policymakers should wait to see what policies are actually executed, Banga added.
“I have dealt with him (Trump) in the past. He is a very practical man; he understands numbers, he understands leverage and he understands advantage. You have to go to him and explain to him what you bring,” the official said.
The US and Colombia pulled back from the brink of a trade war on Sunday after the White House said its third-largest US trading partner in Latin America had agreed to accept military aircraft carrying deported migrants.—Reuters
