Tag: Janet Yellen

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China calls US debt trap accusation ‘irresponsible’

China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen "irresponsible" and "unreasonable" after Yellen said Beijing's lending activities leave developing countries "trapped...

US to ‘quickly’ nominate candidate to lead World Bank, Yellen says

The United States intends to "quickly" nominate a candidate for the World Bank presidency who is committed to the lender's poverty reduction mission as...

Yellen wants bolder World Bank steps on climate change, global issues

U.S. Treasury Secretary Janet Yellen urged the World Bank to map out "bolder and more imaginative" steps on Thursday to address global challenges such...

Yellen says setting price caps on Russian refined oil products ‘complicated’

Western countries are working to structure price caps on Russian refined petroleum products to ensure continued flow of Russian diesel, but the markets are...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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