GANDHINAGAR, India, July 16 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.
"I am eager to build on the groundwork that we laid in Beijing to mobilise further action."
U.S. corporations want to see an environment where they could "invest and thrive in China", Yellen said.
She said a debt restructuring "user guide" was needed for borrowing countries and other stakeholders to provide clarity about the process.
"We should build better banks, not just bigger banks," Yellen said.
Persons:
Janet Yellen, Yellen, David Lawder, Aftab, Sudipto Ganguly, William Mallard
Organizations:
. Treasury, U.S ., Sri, International Monetary Fund, U.S . Treasury, IMF, World Bank, Bank, U.S, Thomson
Locations:
GANDHINAGAR, India, China, Beijing, U.S, Washington, Moscow, Ukraine, Russia, Gandhinagar, Indian, Gujarat, Sri Lanka, Ghana, United States, Congress, Aftab Ahmed