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Yellen urges development banks to mobilize private capital for G7 infrastructure push

Yellen urges development banks to mobilize private capital for G7 infrastructure push

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System, on Capitol Hill in Washington, U.S., April 6, 2022. REUTERS/Tom Brenner/File Photo By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral…

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

© Reuters. FILE PHOTO: Demonstrators shout slogans against Sri Lanka’s President Gotabaya Rajapaksa, near the Presidential Secretariat, amid the country’s economic crisis, in Colombo, Sri Lanka, April 23, 2022. REUTERS/Navesh Chitrakar/File Photo (Reuters) – Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International…