WASHINGTON : U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to 'get the most out of the bank's balance sheet' and mobilize more private capital for climate finance and global development objectives, the Treasury said.During a meeting with Banga a day b
WASHINGTON : U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to"get the most out of the bank's balance sheet" and mobilize more private capital for climate finance and global development objectives, the Treasury said.
That includes continuing to implement recommendations from last year's G20 report on capital adequacy, which argued that changes to multilateral development banks could unlock hundreds of billions of dollars in new lending.
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