Yellen says she will press for IMF, World Bank resources at G20 summit

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(Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday she will work at the G20 summit in India to build support to increase lending resources ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - U.S. Treasury Secretary Janet Yellen said on Friday she will work at the G20 summit in India to build support to increase lending resources for the International Monetary Fund and the World Bank to help member countries deal with multiple global challenges, including new IMF quota resources.

Yellen also said the United States has asked the U.S. Congress for permission to lend $21 billion to IMF trust funds, including one for the poorest countries, which"desperately needs more resources." "Those are crucial additional resources for reducing poverty, advancing global health security and combating climate change," Yellen said.

Source: Loan Digest (loandigest.net)

 

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