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Yellen Discusses Global Economy and Geopolitics at IMF/World Bank Meetings

  • Yellen met with China's central bank governor to discuss economic issues including debt and financial architecture.
  • Yellen aims to bolster cooperation through the U.S.-China Financial Working Group co-chaired by Treasury and the People's Bank of China.
  • Yellen condemned Hamas's attack on Israel and reaffirmed U.S. support and solidarity.
  • IMF countries agreed to increase quota funding by year-end to maintain global financial stability.
  • Discussions focused on slowing global growth, high debt burdens, climate change, and geopolitical uncertainty.
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