World Bank steering committee, Yellen urge more reforms at lender in 2023

Yellen hosted talks with global finance officials to discuss an initial spate of balance sheet changes that will allow the

to ensure it could work to end extreme poverty, boost shared prosperity, and better meet 21st century challenges like climate change, fragility, and pandemics. The bank’s steering committee – officially known as the Development Committee – met later in the day, where members welcomed the bank’s “Evolution Roadmap” and said they looked forward to additional efforts aimed at achieving “major milestones” by the October annual meetings of the World Bank and International Monetary Fund .

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