World Bank Boss Asks The World Not To Be In A Hurry To Respond To Trump's Policy Which Spreads Sanction Threats Here And There

US President Donald Trump/PHOTO via Instagram @realdonaldtrump

JAKARTA - World Bank President Ajay Banga emphasized that policymakers around the world should not rush to react to the announcement of the administration of US President Donald Trump.

In the first week of Trump's tenure, Trump signed many executive orders and policy plans, ranging from tariffs on Canada, Mexico, and China to a review of all existing foreign aid.

"My only advice to everyone is not to be too hasty in responding or judging," Banga told Reuters in an interview on the sidelines of the 300th Africa Mission Energy Summit in Tanzania's commercial capital, Dar Es Kalimantan, reported Monday, January 27.

"The policymakers have to wait to see what policies are actually implemented," added Banga.

"I've dealt with him (Trump) in the past. He's a very practical person, he understands numbers, he understands leverage, and he understands profits. You have to meet him and explain to him what you bring," said World Bank boss

America and Colombia withdrew from the trade ravine on Sunday after the White House said America's third-largest trading partner in Latin America had agreed to receive military aircraft carrying deported migrants.

Washington's now suspended draft policy includes the application of high tariffs and increases against all Colombian imports, travel bans, and visa revocation of Colombian government officials.

The World Bank can feel the impact of any travel restrictions.

"If the visa can't be done, that's a problem," said Banga.

When asked about the stop work' order issued by the US State Department regarding all existing and future foreign aid, Banga said the Washington-based lender had not been affected because the way it works was different from bilateral assistance.

In addition, when asked about the planned return of World Bank staff to the office, Banga said he had no plans to change his mandate by more than four days a week.

I estimate that World Bank employees will return to work four days a week. There are no plans to add it to five days," said Banga.

Trump has ordered federal workers to return to office five days a week.