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Yellen pushes for ‘bold action,’ more reforms at World Bank this year
WASHINGTON, April 12 (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday called for the World Bank to implement further reforms this year to expand its ability to help developing countries meet global challenges such as climate change. Yellen hosted talks with global finance officials to discuss an initial spate of balance sheet changes that will allow the World Bank to lend an additional $50 billion over 10 years while maintaining its top-tier AAA credit rating, and how to deepen those efforts with it and other multilateral development banks. Yellen said the changes already approved had sharpened the mission of the World Bank to ensure it was striving to end…
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The World Bank Must Take Bolder Action on Climate
Remark on this tale Comment Time is jogging out for the Globe Financial institution to become the chief on local weather improve that we need it to be. When all multinational improvement banking companies should really be undertaking more, the Entire world Financial institution in particular lags powering — and is nevertheless not aligned with the Paris local climate arrangement. The excellent news is that what desires to improve at the lender is obvious, and it appears to be to be relocating in the suitable course. But it will have to go extra boldly, and more quickly. The heart of the Globe Bank’s mission — lessening poverty and growing financial…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JBZ2QI55P5M47LZ3YEUPRKEE4I.jpg "Yellen pushes for ‘bold action,’ more reforms at World Bank this year")
