World Bank steering committee, Yellen urge more reforms at lender this year

balance sheet changes

"We should use the rest of the year to undertake additional reforms through a staged implementation approach that can be agreed upon by the Board and implemented on a rolling basis." Members underscored their commitment to "ensuring that the World Bank Group has adequate financial capacity to respond to development challenges and support its expanded mission." They called for ambitious approaches to increasing private capital, facilitating investment and leveraging the public sector.

Yellen said upcoming events could be leveraged to keep momentum strong for the evolution of the World Bank. Those included the Summit for a New Global Financial Pact to be hosted by France in June, the Group of 20 Leaders' Summit in India in September, the annual meetings of the World Bank and IMF in Morocco in October, and the United Nations COP28 climate conference to be held in Dubai in November and December.

no

Turn off your air conditioning. That's how you can respond to climate change.

Economic prosperity and deliverance from poverty must remain the goal. Slavish devotion to climate ideology will only increase global suffering.

Waste of time

She’s terrible. Just terrible.

Inflation is transitory 🙄🧐🤔 almost 3 years in.

My dad isn't really doing much

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Yellen pushes for 'bold action,' more reforms at World Bank this yearU.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. Digital currency incoming. I hope your social credit score is in good standing. Reform means get with their NWO program.
Source: Reuters - 🏆 2. / 97 Read more »