The International Monetary Fund needs to focus on politics for the first time in order to combat the rise of unilateralism around the world, Eurasia Group President Ian Bremmer told CNBC on Wednesday.
"The geopolitical recession is really just picking up steam. And that's about a lack of global leadership. It's unilateralism from the U.S. and everyone else and it's also the delegitimization of a lot of development governments — the anti-establishment tendencies that we're seeing in the U.S., we're seeing in Europe — it's making it a lot harder for organizations like the IMF to do their jobs," he said in an interview with "Closing Bell."
Bremmer believes if the organization is not able address politics, it would hinder its ability to create the economic stabilization the world "desperately needs."