U.S. Treasury Secretary Janet Yellen on Sunday said the United States wanted to see quicker progress on the World Bank's plans for expanding its lending capacity to address climate change and other global crises.
reported by Reuters earlier this month, calls for the bank to negotiate with shareholders ahead of April meetings on proposals that include a capital increase and new lending tools.
Yellen said the bank's roadmap was a "constructive document" and formed a good basis for discussion, but more work was needed. The United States, the bank's largest shareholder, worked with other countries to push the World Bank to develop the reform plan, which was discussed by the bank's board on Jan. 11.
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