Janet Yellen to Push Debt Relief, World Bank Reform at Global Meetings
- Treasury chief to hold press conference Tuesday at 11:30 a.m.
- US lowers expectations for China breakthrough on debt talks
Janet Yellen
Photographer: Valerie Plesch/BloombergThis article is for subscribers only.
US Treasury Secretary Janet Yellen will look to advance debt-restructuring talks for poor countries, push ahead development-bank reforms and bolster support for Ukraine as global finance officials gather in Washington for spring meetings of the World Bank and International Monetary Fund.
A senior Treasury official, speaking to reporters Monday, said the US expects incremental progress on debt treatment this week, specifying that significant advances would depend on Beijing. China is the largest creditor to the developing world and has so far refused to sign off on any comprehensive restructuring deals.