US Treasury calls on IMF to monitor currencies, provide 'candid' analysis

US Treasury Secretary Steven Mnuchin has urged the International Monetary Fund (IMF) to provide “frank and candid analysis” of exchange rate policies in member countries.

A Treasury spokesman said the plea was made in a phone call with IMF Managing Director Christine Lagarde on Tuesday.  

The conversation was among the first contacts between the fund and the administration of US President Donald Trump, who has time and again accused Beijing of manipulating its currency to gain a trade advantage over Washington.

Mnuchin “noted the importance that the administration places on boosting economic growth and jobs in the United States, and looked forward to robust IMF economic policy advice on its member countries and tackling global imbalances,” the spokesman said.

In his phone conversation with Lagarde, Mnuchin “underscored his expectation that the IMF provide frank and candid analysis of the exchange-rate policies of IMF member countries.”

IMF Managing…

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