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Yellen pushes for faster debt relief and strengthened ties during India visit

  • Yellen is visiting India for the third time in nine months to promote closer economic ties and address global economic challenges.
  • Yellen is urging rich nations to speed up debt restructuring for poorer countries like Zambia.
  • Over half of low-income countries face debt distress, hindering investment.
  • Yellen wants to reform multilateral banks before considering capital increases, and address issues like climate change.
  • The US remains committed to limiting Russia's military access and implementing a global corporate minimum tax.
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