Yellen Welcomes China Role in Zambia Debt Deal: Paris Update
This article is for subscribers only.
US Treasury Secretary Janet Yellen said at a summit in Paris that she was encouraged by China’s role in addressing debt challenges facing developing countries after a restructuring agreement in principle was reached for Zambia.
French President Emmanuel Macron hosted world leaders over two days including Brazil’s Luiz Inacio Lula da Silva and Cyril Ramaphosa of South Africa, as well as Yellen and the Chinese premier, Li Qiang, to discuss new ways to raise climate financing.