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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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Remarks by Secretary of the Treasury Janet L. Yellen at the Center for Strategic and International Studies
As well prepared for supply Thank you for the introduction, Matt. I’m delighted to be listed here at CSIS with all of you. Previous slide, I issued an urgent connect with in advance of the Environment Lender and IMF Annual Conferences — for the evolution of the multilateral advancement bank technique. My reasoning was very simple: the environment has transformed, and we need these crucial institutions to change alongside with it. In today’s entire world, it is important that the MDBs make progress on their main mission of poverty reduction and inclusive financial development. But it is also vital that they get decisive motion on international worries like climate improve,…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/JBZ2QI55P5M47LZ3YEUPRKEE4I.jpg "Yellen pushes for ‘bold action,’ more reforms at World Bank this year")
