{"id":1974277,"date":"2023-07-16T07:15:01","date_gmt":"2023-07-16T11:15:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-eager-to-work-with-china-on-debt-other-global-challenges\/"},"modified":"2023-07-16T07:17:18","modified_gmt":"2023-07-16T11:17:18","slug":"yellen-eager-to-work-with-china-on-debt-other-global-challenges","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-eager-to-work-with-china-on-debt-other-global-challenges\/","title":{"rendered":"Yellen \u2018eager\u2019 to work with China on debt, other global challenges"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fyellen-eager-to-work-with-china-on-debt-other-global-challenges%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1974277&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>By \u2064David Lawder\u200b and \u2062Aftab Ahmed<\/strong><\/p>\n<p><strong>GANDHINAGAR, India (Reuters)\u200b &#8211;<\/strong> \u2062U.S. Treasury Secretary Janet Yellen \u2064expressed her\u2062 enthusiasm \ud834\udd7ato \ud834\udd7acollaborate with\ud834\udd7a China on \u2062various areas of mutual interest, including debt\u200d restructurings for poorer countries.\u200c She emphasized \u2063the \ud834\udd7aneed for reforms in\u200b multilateral \u200ddevelopment banks before considering capital \ud834\udd7aincreases.<\/p>\n<div\u200d id=\"div-gpt-ad-1663871513696-art-1\"\u2063 style=\"min-width: \u200d320px; \u200dmin-height: 50px; \u2064 text-align: center;\"> \ud834\udd7a \t<script> \u2063 \t\tgoogletag.cmd.push(function()\u200b { googletag.display('div-gpt-ad-1663871513696-art-1'); \u2063});\u200d  \t<\/script> \u2062 <\/div>\n<p>  \ud834\udd7a<\/p>\n<div \u200cclass=\"ad-slot__ad-label\">Advertisement<\/div>\n<p>\u2063  <\/p>\n<p>  \u200d <\/p>\n<p>During \u2063a press\u2064 conference prior to a meeting \ud834\udd7aof\u2062 Group\u2063 of 20 finance \u2063ministers and central bankers in\u2064 India, Yellen stated that \u2063her\ud834\udd7a recent \u200dvisit\u2063 to \ud834\udd7aBeijing\u200c helped establish a more stable foundation \u2064for the U.S.-China\u2063 relationship.\u2064 She emphasized the\u2062 obligation\u2062 of the world&#8217;s \u2062two \u200blargest \u200deconomies to cooperate on matters of mutual concern.<\/p>\n<p>\u200b <\/p>\n<p>&#8220;While there is still \u2062much work\u2063 to be \u200cdone,\u2064 I believe \u2063this\u2063 trip \u200bwas a significant starting point,&#8221; \u200dYellen said. \u2062&#8221;I\u200d am eager \u200dto\ud834\udd7a build upon \u200cthe progress we made\ud834\udd7a in Beijing\u2062 and take \u2064further action.&#8221;<\/p>\n<p>Yellen\u2064 acknowledged \u200dthe ongoing\u2063 concerns regarding\ud834\udd7a China&#8217;s\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">unfair trade practices<\/a>, which led to\u200d the imposition \u200cof tariffs by\u2064 the\u200b United States.\u200b She highlighted the importance of creating \u200ban environment in \u2063which \u2064U.S. corporations\u2064 can\u200b invest and\u2064 thrive in China.<\/p>\n<p>\u2063 <\/p>\n<p>Regarding\u2064 Russia, \u200dYellen\u2063 affirmed \ud834\udd7athat the\u2064 United \u2063States will \u200ccontinue to\u200b restrict Russia&#8217;s\u2063 access to military \u2062equipment and \u2064technologies needed\u2064 for the \u2064invasion of \u200bUkraine. \u2062She \u200bemphasized \u2062the goal \u2064of\u200d combating Russia&#8217;s efforts to\u200b evade sanctions.<\/p>\n<p>As the \u200cchair\u2063 of the G20 this year,\u2062 India has \u2063maintained\u2063 a mostly neutral \u2062stance\u200c on the war, refraining from \ud834\udd7adirectly blaming Russia for the \u200cinvasion and advocating \u2062for\ud834\udd7a a \u200cdiplomatic\u200c solution. Yellen expressed \u2064her\u2064 determination to \u2062push \u2062for \ud834\udd7athe full and timely participation\ud834\udd7a of \u2064all bilateral \ud834\udd7aofficial creditors in pending \u2062debt\u2062 restructurings at\u200c the G20 meeting\u2062 in \u2064Gandhinagar,\u200d India.<\/p>\n<p>\u2062 <\/p>\n<p>Yellen \u2064discussed Zambia&#8217;s debt \ud834\udd7arestructuring \u200dwith\u200c her Chinese \u200ccounterparts \u200cand highlighted the need\u2064 to apply \u2062common\u200b principles agreed upon in Zambia&#8217;s\u200d case to other cases.\u2062 She\ud834\udd7a expressed\u200d hope for the \u200dswift finalization of \u200ddebt\u2064 treatments\u2064 for Sri\u200b Lanka\u200d and \u200cGhana, \u2064enabling \u200dthe International Monetary Fund (IMF) to proceed \u2064with \u200cinitial\u200c loan program \u2062reviews in\u2064 the \u2064coming months.<\/p>\n<p> \u2062<\/p>\n<p>Yellen\u200b emphasized the \u2064necessity\ud834\udd7a of\u200d a debt\u200c restructuring &#8220;user\u2062 guide&#8221; to\u2062 provide \u2063clarity\u200b for borrowing \u200ccountries and other stakeholders. \u2064She also\u2064 stressed the importance of putting\ud834\udd7a the IMF&#8217;s Poverty Reduction and\u2064 Growth \u2063trust \ud834\udd7aon a \u200cmore solid \u2064financial \u200cfooting, with the U.S. Treasury ready \u2063to assist in \u200bconsidering options.<\/p>\n<p><strong>&#8216;BETTER BANKS&#8217;<\/strong><\/p>\n<p> \u200b<\/p>\n<p>Yellen outlined\u200b several \ud834\udd7anext steps for \u200bthe evolution\u200c of the World \u2064Bank and\u200b other\u2063 multilateral development banks.\u2062 However, she emphasized that \ud834\udd7aany exploration\u200c of \u200ccapital \u200bincreases for\u200b these\u200d institutions should only be \ud834\udd7aconsidered\u2062 after implementing \u200dreforms \ud834\udd7aaimed \u200bat\u200c expanding their role beyond\u2063 poverty reduction to\u200b address \u200bglobal challenges like climate \u2063change and \u2064pandemics.<\/p>\n<p> \u2062<\/p>\n<p>&#8220;Our \u2063focus\u2064 should \u200dbe on building\u2064 better banks, \u2064not \u200bjust bigger\u2062 banks,&#8221;\u200c Yellen\u2062 stated.<\/p>\n<p>\u200b <\/p>\n<p>She \u2064reiterated her estimation that\u2064 multilateral\u200b development banks could \u200dincrease lending \ud834\udd7aby $200 \u200dbillion over a\u200c decade \u200bthrough balance \u200csheet reforms.\u200c Yellen \u2062also\u2063 highlighted the \u200dpotential for further increases by implementing recommendations \u2063from the \u200cG20 Capital\u200b Adequacy \u2062Framework \u2062report.<\/p>\n<p> \u200c<\/p>\n<p>Among the reform steps \u2062for \u2063the World\u200d Bank,\u200c Yellen advocated for \u200da new set of \ud834\udd7aprinciples \u2063that \u200bwould allow the targeted\u2062 use of the bank&#8217;s\u2064 concessional financing \u2062for\u200c global\ud834\udd7a challenges, including climate\u200d change. She\ud834\udd7a expressed\ud834\udd7a interest in\u2064 exploring options\u2062 for lending \u200dto sub-sovereign and \u200bsupra-sovereign \u2064borrowers, \u200dsuch \ud834\udd7aas\u200d the \u200cCOVAX \u2062vaccine \u2063initiative.<\/p>\n<p>Yellen affirmed \u200bthe United States&#8217;\u200c commitment \u2062to \u200bimplementing a\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-eager-to-work-with-china-on-debt-other-global-challenges\/\" title=\"Yellen keen to collaborate with China on debt, global issues.\">global corporate minimum tax \u2064deal reached<\/a> in 2021, \u200cdespite \u2063the \u2063lack\u2063 of\u200d action by the \u200dU.S. Congress. She stated that\u2064 negotiations \u2062on the \u200dtechnical \ud834\udd7adetails \u2062of the deal&#8217;s \u2063Pillar\u2063 1, which\u200b involves\u2063 the reallocation \u200dof taxing \u2064rights on \u200blarge multinationals, were nearing\u200b completion.<\/p>\n<p> \u200c<\/p>\n<p> \ud834\udd7a(Reporting \u2064by David \ud834\udd7aLawder in Washington and Aftab \u2062Ahmed\ud834\udd7a in Gandhinagar; Editing by Sudipto Ganguly and\u2062 William \u200bMallard)<\/p>\n<p> \ud834\udd7a<\/p>\n<p><a\u2064 href=\"https:\/\/www.oann.com\/uncategorized\/yellen-eager-to-work\/attachment\/us-treasury-secretary-yellen-addresses-a-news-conference-during-a\/\"><\/a><\/p>\n<\/p><\/div>\n<div \ud834\udd7aclass=\"entry-content\">\u200b  \u2062\t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>Chad Prather,\u2064 Baste\u200d Records \u2063Artist,<\/strong> \u2062discusses how \u200cthe \ud834\udd7a65,000\u2064 actors represented \u2062by SAG-AFTRA \u200bhave \ud834\udd7ajoined \u2062thousands \u2063of \u200bwriters\u200c to\u2064 STRIKE!<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Amala Ekpunobi, PragerU \u2063Personality,<\/strong> discusses the \u200ccontroversial\u200b message\u200c and\ud834\udd7a complicated\u2064 financials\u200c of \ud834\udd7a&#8221;Black\u200d Lives Matter.&#8221;<\/p>\n<p>\ud834\udd7a \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">\u200d  \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>Matt \u2064Capelouto, President \u2063of \u2063DrugInducedHomicide.org,<\/strong> \u2062discusses\u200c how \ud834\udd7ahis\ud834\udd7a personal tragedy \u200dled to\u2063 his quest to fight for \u2063a\u2062 safer future\u2062 for young Americans.<\/p>\n<p> \u2063\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div \u200cclass=\"entry-content\"> \u200c\ud834\udd7a \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>Matt \u2063Capelouto, \u200cPresident of DrugInducedHomicide.org,<\/strong> discusses how his personal\u2062 tragedy\u200d led\ud834\udd7a to\ud834\udd7a his \u200cquest \u2062to fight \u2063for a\u200c safer future \u2064for \u200dyoung\u200d Americans.<\/p>\n<\/p><\/div>\n<div \u2062class=\"entry-content\">\n<p><strong>BEIJING\u200b (Reuters)\u200c &#8211;<\/strong>\u200c Chinese President Xi\u2062 Jinping\u200c emphasized \u2062the need \ud834\udd7afor\u200c China to\u2063 establish \u2064a &#8220;solid&#8221; security barrier \u2063around\u200d its internet\u2064 under \ud834\udd7asupervision&#8230;<\/p>\n<p> \u2063\t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div class=\"entry-content\">\u2064  \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>By Anna \u2062Tong (Reuters) &#8211;<\/strong> \u2063Roblox\u200b Chief Business \u200cOfficer Craig Donato\u2062 is leaving \ud834\udd7agaming and \u200cmetaverse \u200dcompany \ud834\udd7aRoblox,\u2062 the company told\u2062 Reuters&#8230;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\"> \u200c \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>KUALA \u200dLUMPUR \u2062(Reuters) \u200d-<\/strong> \ud834\udd7aMalaysian mobile\u200c operator Maxis Bhd \u2063announced that \ud834\udd7ait will sign \u200dan\u2063 agreement to\u200b access the country&#8217;s \u200cstate-run \u20645G \u200bnetwork&#8230;<\/p>\n<p>\u2062 \t\t\t\t\t\t\t\t\t<\/p><\/div>\n<div\u2062 class=\"entry-content\">\ud834\udd7a \u200b \t\t\t\t\t\t\t\t\t\t<\/p>\n<p><strong>WASHINGTON \u200c(Reuters) &#8211;<\/strong> A U.S. federal \u200ccourt rejected\u2062 the Federal\u2064 Trade \u200cCommission&#8217;s \ud834\udd7arequest \u200cto \u2063temporarily halt\u200c Microsoft\u200d from&#8230;<\/p>\n<p> \u200b\t\t\t\t\t\t\t\t\t<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By David Lawder and Aftab Ahmed GANDHINAGAR, India (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday she was \u201ceager\u201d to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. Advertisement At a press conference before a<\/p>\n","protected":false},"author":66,"featured_media":1974278,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1974277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1974277"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1974277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1974278"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1974277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1974277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1974277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}