Yellen set to ask Congress to lend more money to developing countries to counter China
In addition to increasing lending to other International Monetary Fund programs, Yellen intends to tell lawmakers that the Biden Administration wants to boost involvement in the Inter-American Development Bank group’s private-sector investment fund and the African Development Fund. “These investments will bolster our engagement in these regions at a time of geopolitical competition,” Yellen intends to say in her testimony before the House Financial Services Committee on Tuesday.
China has called upon the World Bank and IMF to help bail out some of the countries, but it hasn’t been transparent about the terms of the loans and other crucial details. Yellen testified earlier this year that she is “very, very concerned about some of the activities that China engages in globally — engaging in countries in ways that leave them trapped in debt and don’t promote economic development.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Treasury Secretary Yellen: IMF, World Bank reflect American values, counterweigh to ChinaUS Treasury Secretary Yellen: IMF, World Bank reflect American values, counterweigh to China – by anilpanchal7 UnitedStates China IMF RiskAversion NewsTrading
Read more »
The Federal Indictment of Donald Trump - CNN One Thing - Podcast on CNN AudioFormer President Donald Trump has been indicted on 37 counts in the special counsel's classified documents probe, the first time in American history a former president has faced federal charges. It sets up an unprecedented legal clash between President Joe Biden’s Justice Department and his potential 2024 general election opponent. In today’s episode, we break down what we know about the charges against Trump and his aide Walt Nauta. Guest: Paula Reid, CNN Senior Legal Affairs Correspondent
Read more »
What to watch for during Chris Christie's CNN town hall | CNN PoliticsFormer New Jersey Gov. Chris Christie barged into the Republican presidential primary last week with a scathing rebuke of front-runner and former President Donald Trump. At a CNN town hall Monday, he will have another opportunity in front of a national audience to make the political case against Trump – and for himself.
Read more »
Miguel, Nelly, Chlöe Bailey and other Black artists set to join CNN's Juneteenth concert | CNNAn array of Black artists and musicians will take the stage at the Greek Theatre in Los Angeles next week for CNN’s second annual “Juneteenth: A Global Celebration of Freedom” concert.
Read more »
How to watch CNN's town hall with Chris Christie | CNN PoliticsFormer New Jersey Gov. Chris Christie will participate in a CNN town hall on Monday, less than a week after he officially launched his 2024 presidential campaign.
Read more »
Takeaways from CNN's town hall with Chris Christie | CNN PoliticsFormer New Jersey Gov. Chris Christie laid into Donald Trump in a CNN town hall Monday night, calling the former president “angry” and “vengeful” and accusing him of “vanity run amok” within the event’s opening minutes.
Read more »