Yellen says U.S.-backed IMF funding increase as 'pretty likely'
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen addresses a news conference during a G20 finance ministers' and Central Bank governors' meeting at Gandhinagar, India, July 16, 2023. REUTERS/Amit Dave//File Photo
MARRAKECH, Morocco - U.S. Treasury Secretary Janet Yellen told Reuters on Friday that her plan for an"equi-proportional" increase in International Monetary Fund quota-based lending resources was"pretty likely to get done" despite concerns raised by China."There's a desire to see the IMF well-resourced with larger quota resources and less reliance on borrowing arrangements," Yellen said.
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