U.S. Treasury Secretary Janet Yellen will host a roundtable discussion on further steps to evolve the World Bank and other development lenders to tackle climate change and other global crises beyond a $5 billion annual World Bank lending expansion.
lending expansion, the Treasury said.
will bring together finance ministers from major shareholders and borrowing countries that will cover “ways to maintain momentum to evolve the multilateralThe Worldhas proposed balance sheet changes that would quickly allow it to lend an additional $50 billion over 10 years while maintaining its top-tier AAA credit rating, a step thatU.S.
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