Tag: Janet Yellen

Just days after it wrapped up a summit with African leaders, the Biden administration is following through on its promise to send more high-level officials to the continent.  First up is Treasury Secretary Janet Yellen, who will ...

China rejected this week's criticism by Brent Neiman, a top advisor to U.S. Treasury Secretary Janet Yellen, about its "unconventional" approach to debt restructuring.  Foreign Ministry Spokesperson Wang Wenbin cited the relative size of Chinese debt and its participation in G20 debt relief programs. ...

Finance officials in Africa and other emerging markets are becoming increasingly concerned about the deteriorating value of the Chinese yuan that's weighing down the value of their currencies. The RMB has fallen steeply over the past two weeks in response to the disruption of factory production, trade, and ...

The U.S. Treasury Secretary Janet Yellen said Russia should be expelled from the Group of 20 (G20) the forum of leading economies that plays a major role in international economic management. She also said U.S. officials may boycott G20 meetings if Russian counterparts show up at upcoming ...

The IMF moved one step closer on Tuesday to providing developing countries with a badly-needed cash infusion after the fund was granted approval by wealthy G20 nations to proceed with the issuance of new so-called Special Drawing Rights (SDRs). 

Early on in the COVID-19-induced financial crisis in Africa, finance ministers and other senior-level stakeholders across the continent called on the IMF to issue new so-called Special Drawing Rights (SDRs) that would provide desperately-needed liquidity into their economies. When