WASHINGTON, Aug 31 (Reuters) – U.S. Treasury Secretary Janet Yellen will journey to New Delhi to take part within the G20 leaders summit from Sept. 7-10, making her fourth go to to India in 10 months, the Treasury Department stated on Thursday.

Yellen intends to focus on the summit on strengthening the worldwide economic system and supporting low- and middle-income nations by advancing efforts on debt restructurings, the evolution of multilateral growth banks (MDBs) and constructing International Monetary Fund belief fund sources, the Treasury stated.

She will “continue to build momentum” for her drive to evolve the World Bank and different multilateral lenders to spice up financing capability to assist creating nations’ clear power transitions, deal with pandemics, fragility and battle, it stated.

The Treasury estimates that the lenders collectively can unlock $200 billion in new financing over a decade with stability sheet measures now being applied or beneath dialogue.

The Treasury stated Yellen additionally will rally America’s G20 allies to take care of financial assist for Ukraine and improve prices on Russia over Moscow’s persevering with battle in Ukraine. This contains supporting the G7-led value cap on Russian oil exports and efforts to strengthen international meals safety within the face of restrictions on Ukrainian grain exports.

At the identical time, the Treasury stated Yellen will work to deepen U.S. bilateral ties with India, a rustic she first described final November as a major “friend-shoring” destination and different to China for U.S. funding and provide chains.

Treasury’s assertion didn’t point out particular bilateral conferences.

On the sidelines of final 12 months’s G20 Summit in Indonesia, Yellen met with the People’s Bank of China’s then-governor Yi Gang in first of several face-to-face meetings with senior Chinese officers in current months to ease rocky U.S.-China ties, culminating in her visit to Beijing in July.

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