“We also remain committed to support for Ukraine and recently put forward a supplemental funding request,” Yellen said Friday during a press conference in the Indian capital. “There has been bipartisan support for this funding to date and it’s critical that we continue to provide timely economic assistance.”
But Republican House Speaker Kevin McCarthy doesn’t plan to include the money in a must-pass bill needed to fund US government operations past Oct. 1 unless Democrats back immigration and asylum policies they strongly oppose.Yellen used the event at the opening of the Group of 20 gathering to outline US priorities at the summit, which Biden will attend alongside a host of other global leaders.
Boosting concessional finance to address global challenges and for crisis response is a key priority for the Biden administration, which has asked Congress for an additional $2.25 billion to boost such funding from the World Bank. With the Biden administration seeking to limit the influence of China across the developing world, Yellen noted that she has visited India four times in 11 months and Biden, in addition to attending the summit, hosted India’s Prime Minister Narendra Modi in Washington earlier this year.
Source: News Formal (newsformal.com)
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