Yellen says to work with Italy, G20 on improving low-income country support By Reuters

By
Matilda Colman
-
0
31

© Reuters. FILE PHOTO: Children queue for food at a school feeding scheme during a nationwide lockdown aimed at limiting the spread of the coronavirus disease (COVID-19) in Blue Downs township near Cape Town

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday told Italy’s central bank governor that she would work closely with G20 chair Italy on improving support for low income countries, ending the coronavirus pandemic, ensuring a strong global recovery and fighting climate change, the Treasury said in a statement.

Treasury’s readout of Yellen’s call with Bank of Italy Governor Ignazio Visco came ahead of a virtual meeting of G20 finance ministers and central bank governors on Friday. Italian officials say they plan to press the G20 to back a new $500 billion issuance of International Monetary Fund Special Drawing Rights to aid poor countries — a move that the Trump administration had previously opposed.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

RELATED ARTICLESMORE FROM AUTHOR