Yellen hails 'progress' on World Bank reform, but demands more action

United States Treasury Secretary Janet Yellen piled more pressure on the World Bank to enact reforms aimed at lending countries more money to address climate change, pandemics, and other global concerns, even as she praised progress in the months since she launched a campaign to overhaul the anti-poverty lender.

“We have begun the evolution of the World Bank,” Yellen said in a speech Thursday. “We have made real progress over the past four months.”

She said the regional development banks would come under scrutiny next.

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