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Scott Bessent: “There's a lot of undisclosed debt.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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LIVE: Treasury Secretary Bessent discusses global finance

Published | Video Starts at 20:08

Several countries, one in particular have done the equivalent of a loan to own program with a lot of these countries. And There's a lot of undisclosed debt. There are a lot of tolling arrangements that are unfortunate. And I think only these multilateral banks can effectuate that. But you know, again, I do want to congratulate them. (20:08–20:12)

CLAIM

Asserts that there is a significant amount of undisclosed debt.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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