US Secretary of the Treasury Janet L Yellen is set to host Chinese Vice Premier He Lifeng ahead of the APEC Finance Ministers Meeting in San Francisco, the US Department of Treasury said on Monday.
Stating that the US is committed to an Indo-Pacific that is free and open, Secretary of Treasury Janet Yellen said that Washington is increasing its countries like India, Vietnam and Mexico reducing the dependence on China.
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.
Yellen said, “G20 has been effective, especially under India’s leadership. Our goals for the G20 have coincided with those of India. We have tackled very important challenges and we have had considerable success in changing way the entire multilateral development system.&rdquo
“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.
On her fourth visit to India in 10 months, Secretary Yellen will focus on strengthening the global economy and supporting low and middle-income countries by advancing the Multilateral Development Bank (MDB) evolution, debt restructuring, and the IMF’s Poverty Reduction and Growth Tr
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.