Overview

• The Treasury Secretary met with G20 finance ministers and creditors to address debt crises in developing nations.
• Yellen pushed China and private creditors to speed restructuring for Zambia, Ghana, and Sri Lanka.
• The World Bank proposed balance sheet changes to lend $50 billion more over 10 years.
• The IMF, World Bank and G20 proposed improving data sharing and clear timelines in the debt restructuring process.
• The US will uphold sanctions on Russia for attacks on Ukraine as the World Bank considers a new president.