Yellen pushes for more reforms at World Bank this year FMTNews FMTBusiness
Treasury secretary Janet Yellen says ‘bold action’ is needed to undertake additional World Bank reforms through staged implementation.
Yellen said the changes already approved had sharpened the mission of the World Bank to ensure it was striving to end extreme poverty, boost shared prosperity and build resilience, but more progress and “bold action” was needed. Zambian women she met during her visit in January understood how climate change reduced agricultural yields, Yellen said, adding, “We’ve all seen how threats to global health can disrupt entire societies and economies, and how fragility and conflict can lead to significant displacement and migrant flows.”
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