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U.S. ready to work with India at G20 summit to aid successful communiqué crafting, Yellen says

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Analysts say deeper and more entrenched divisions over Russia’s war in Ukraine risk derailing progress on issues such as food security, debt distress and global co-operation on climate change

Poster showing the image of Indian Prime Minister Narendra Modi welcoming delegates, ahead of G20 Summit in New Delhi, India.Security officers at the site of a protest by Tibetan youth activists against the visit of the Chinese delegation to participate in the G20 Summit.UK Prime Minister Rishi Sunak and his wife Akshata Murty are met on the tarmac by dignitaries as they arrive at Indira Gandhi Airport for G20 Summit.

“International debt and providing relief to countries that are overindebted partly because of the impact of Russia’s war against Ukraine, but also the high interest rate environment, I believe we’re beginning to make significant progress there. So I do see the G20 as a very effective forum,” she said.

Near-term balance sheet changes under consideration could unlock an additional $200-billion over the next decade, she said.

 

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