The meeting centred on G20 priorities and explored avenues for enhancing bilateral cooperation between the two democratic nations to tackle pressing global economic and financial challenges.
“I am disappointed, but I am going to see him,” Biden told reporters in Rehoboth Beach, Del., when asked about Xi not attending the G20 summit, according to The Hill, a US political website.
In order to fast-track its energy transition, the United States (US) is working with India on an investment platform to deliver a lower cost of capital and increased private investment, US Treasury Secretary, Janet Yellen said on Monday.
US Treasury Secretary Janet Yellen on Monday said that Washington appreciates India's leadership during its G20 Presidency and appreciated New Delhi's demonstrated leadership on debt issues.
Addressing a press conference after meeting with US Treasury Secretary, Janet Yellen the Finance Minister Nirmala Sitharaman said, "I look forward to furthering our bilateral interests through development cooperation and new investment opportunities through alternate investment platforms
"As part of our evolution agenda, we estimate that the MDBs as a system could unlock USD 200 billion over the next decade just from the measures already being implemented or under deliberation," said Yellen at a press conference in Gandhinagar, Gujarat.
“Friendshoring is an important foundation of our approach to increasing resilience of our supply chains, and we see India as an indispensable partner in that and I hope to use this trip to deepen what is already a significant relationship with respect to friendshoring that the US an
The looming restrictions were discussed during US Treasury Secretary Janet L Yellen's meetings with senior Chinese officials during her recent visit to China.
China which has lent nearly 1 trillion USD to some 150 developing countries is itself facing a 'debt bomb' at home, compelling Beijing to be reluctant in cancelling large debts owed by countries struggling to make ends meet.