[1/3] U.S. Treasury Secretary Janet Yellen addresses the media, ahead of the G20 Summit in New Delhi, India, September 8, 2023.
She will seek to build G20 support for an "equi-proportional" increase in IMF quota funds paid-in by member countries, which would increase IMF lending resources, but not immediately change its shareholding structure.
At the briefing, Yellen said there was significant progress made on international debt relief efforts.
"Those are crucial additional resources for reducing poverty, advancing global health security and combating climate change," Yellen said.
"Even without Russia's active participation and the tensions the war has created, I still see that G20 is highly effective," Yellen said.
Persons:
Janet Yellen, Francis Mascarenhas, Yellen, David Lawder, Swati Bhat, Leslie Adler, Kim Coghill
Organizations:
. Treasury, REUTERS, International Monetary Fund, World Bank, U.S, Congress, U.S . Treasury, Ukraine, Thomson
Locations:
New Delhi, India, DELHI, United States, Ukraine, U.S, Washington