• Sunday, March 26, 2023


US treasury secretary to push debt relief, Ukraine aid at G20 finance meetings in India’s Bengaluru

Representational Image (Photo by MONEY SHARMA/AFP via Getty Images)

By: Shubham Ghosh

US treasury secretary Janet Yellen is set to travel to India next week for G20 finance meetings where issues such as unblocking distressed-country debt restructuring, boosting support for Ukraine, and reforming multilateral development banks will be taken up, an official from the treasury said, according to a Reuters report.

Yellen will join fellow G20 finance ministers and central bank governors in the Indian city of Bengaluru between February 23 and 25. The time will mark the first anniversary of Russia’s invasion of Ukraine.

The treasury official on Friday (17) told reporters that the US treasury secretary would make use of every opportunity to criticise Moscow’s actions and work with allies in an effort to mitigate spillovers that the year-long conflict has caused, including focusing on issues such as food insecurity and high energy prices.

She will also stress on the urgency to raise financial support for Ukraine, including a new International Monetary Fund loan programme, the official added, according to Reuters.

“I wouldn’t expect her to engage with Russian counterparts in any way other than to forcefully refute any incorrect statements they make during the meetings,” the official was quoted as saying.

“And to be very direct in her criticism of Russia and Russia’s war.”

The official added that Yellen had no meetings with her Chinese counterparts to announce currently.

Last week, she said she hopes to travel to China for high-level economic talks but the timing would be up to the US state department and the Pentagon after the recent downing of a Chinese surveillance balloon that floated over the US.

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