Skip to main content

US Treasure Secretary To Come To India For G20 Summit

By
US Treasure Secretary To Come To India For G20 Summit

G20 Summit will be held in New Delhi from September 7 to September 10. (File)

Washington:

US Secretary of the Treasury Janet L Yellen will participate in the G20 Leaders' Summit from September 7 to September 10 in New Delhi, the White House (WH) said.

On her fourth visit to India in 10 months, Secretary Janet L Yellen will focus on strengthening the global economy and supporting low and middle-income countries by advancing the Multilateral Development Bank (MDB) evolution, debt restructuring, and the IMF's Poverty Reduction and Growth Trust (PRGT).

"Secretary Yellen will continue to build momentum for the collective effort that she helped launched last October to evolve the multilateral development banks so the MDBs have the right vision, incentives, operational models and financing capacity to address critical global priorities like combatting climate change, addressing pandemics and global health security, and tackling fragility and conflict," the WH said in a release on Thursday.

Treasury estimates that the MDBs as a system could unlock USD 200 billion over the next decade just from the measures already being implemented or under deliberation as part of this process - with the potential for even more if MDBs undertake some of the longer-term and more complex recommendations in the G20 Capital Adequacy Framework report, including on callable capital, according to the official release.

While in New Delhi, Secretary Janet L Yellen will continue to rally "America's partners to maintain our collective economic support for Ukraine, including through contributions from across our coalition." She will also highlight the importance of imposing severe costs on Russia and mitigating global spillovers, the release said.

"Secretary Yellen and our partners will work to address the consequences of Russia's unprovoked war to global growth and poverty reduction, including through the price cap, which has been achieving its dual goals of reducing Russian revenue while keeping global energy prices stable, as well as efforts to strengthen global food security through the MDBs, leveraging multilateral tools such as the Global Agriculture and Food Security Program (GAFSP), and working towards a successful replenishment of the International Fund for Agricultural Development (IFAD)," the White House release said.

"Finally, Secretary Yellen will continue to deepen the US' bilateral relationship with India. During her visit, Secretary Yellen will further this relationship by engaging with Indian counterparts and the Indian people to discuss common priorities like expanding our bilateral economic ties - as she discussed in remarks last November in New Delhi - and by cooperating on global challenges," it said.

Secretary Janet L Yellen will also participate in engagements on the margins of the G20 and will hold bilateral meetings with counterparts. "Additionally, she will join the President for several of his engagements on the margins of the meetings," the release added.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Adblock test (Why?)



from NDTV News- Special https://ift.tt/C3PZzDS https://ift.tt/8jtzpMW
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

North Korea Says It Tested New Strategic Cruise Missile

By
North Korea test-fired a new generation of strategic cruise missile on Wednesday. (Representational) Seoul: North Korea fired several cruise missiles towards the Yellow Sea on Wednesday, Seoul's military said, the latest in a series of tension-raising moves by the nuclear-armed state. Hours later, North Korea appeared to confirm the firing, saying it had carried out its first test of a new generation of strategic cruise missiles it is developing, the Pulhwasal-3-31. Pyongyang has accelerated weapons testing in the new year, including tests of what it called an "underwater nuclear weapon system" and a solid-fuelled hypersonic ballistic missile. "Our military detected several cruise missiles launched by North Korea towards the Yellow Sea at around 7:00 am today," the South Korean Joint Chiefs of Staff said in a statement. Unlike their ballistic counterparts, the testing of cruise missiles is not banned under current UN sanctions against Pyongyang. Cruise...
Post a Comment
Read more

18-Year-Old Killed By Friends Over Mobile Game Password In Bengal: Cops

By
According to cops, accused "friends" attempted to burn the victim after killing him. (Representational) Kolkata: An argument over sharing the password of an online mobile game allegedly led to the murder of a teenage boy by four of his friends in West Bengal's Murshidabad district, a senior police officer said. The body of 18-year-old Papai Das, who had been missing since January 8, was discovered near Nishindra Ghat of the feeder canal in Farakka on Monday, police said. Papai, a class 10 student, was reportedly killed by his four "close" friends after a disagreement over sharing the password for a mobile online game. The accused individuals have been arrested, police added. "These five individuals used to play online games at one of the quarters of the Farakka Barrage. The victim went out on the evening of January 8 and never returned. On January 9, the family lodged a police complaint. "Based on preliminary investigations, we discovered that...
Post a Comment
Read more

"Jaiswal Has Run Ahead Of Gill": Ex-India Star's Massive T20 WC Verdict

By
Former India opener Aakash Chopra has suggested that Yashasvi Jaiswal is slightly ahead of Shubman Gill in the pecking order as captain Rohit Sharma's partner at the top in T20Is. Since making his debut last year, Jaiswal has been in stunning form in the shortest format of the game. Gill's form, on the other hand, has dipped since the ODI World Cup last year in India. With the T20 World Cup scheduled to be held later this year, Chopra feels Jaiswal will open the innings with Rohit during the tournament. "It's clear that Yashasvi Jaiswal has run ahead of Shubman Gill. Yashasvi is ahead in the two-horse race, Gill is lagging slightly behind. Gill was played in the first match, dropped in the second, and wasn't played in the third as well," Chopra said on his YouTube channel. Jaiswal helped India beat Afghanistan in the second T20I earlier this week, scoring a quickfire fifty. Considering his recent form across formats, Chopra emphasised that Jaiswal has ...
Post a Comment
Read more