Bloomberg covers Jubilee USA Network's historic meeting with Treasury Secretary Janet Yellen on international debt and COVID response. Read an excerpt below, and click here for the full story.
Yellen Tells Faith Leaders Poor Nations Need Help on Covid-19
By Eric Martin
U.S. Treasury Secretary Janet Yellen told a group of religious leaders on Tuesday that low-income nations needed continued international support to deal with Covid-19.
Yellen told the leaders that she views the possible creation of new International Monetary Fund reserve assets called special drawing rights, or SDRs, as part of wider aid for poor countries, the Treasury Department said in a statement. That includes IMF financing, multilateral development bank grants and loans, debt rescheduling and relief through the Group of 20’s common framework, the Treasury said.
Read the full article here.