U.S. Treasury Secretary Janet Yellen welcomes incoming World Bank President Ajay Banga at the Treasury Department in Washington, U.S. June 1, 2023. REUTERS/Jonathan Ernst
, which argued that changes to multilateral development banks could unlock hundreds of billions of dollars in new lending. Yellen said continuing to implement these reforms would "get the most out of the Bank's balance sheet," and mobilize more private capital "for our shared development objectives and to refine the operating model to increase the responsiveness and agility of the bank," the Treasury said.
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