Geithner Says Development Banks Vital to Face Global Challenges
This article is for subscribers only.
Treasury Secretary Timothy F. Geithner said multilateral development banks were crucial in the aftermath of the 2008 financial crisis and are vital for addressing “the challenges of the moment.”
The lenders, including the World Bank, “helped lay the groundwork for the sustainable and inclusive growth that has driven rapid increases in U.S. exports” to countries such as South Korea and India, Geithner said in testimony prepared for a hearing today before a House Appropriations subcommittee.