Development banks need to change amid global threats – Yellen

Janet Yellen
Janet Yellen

Ahead of the World Bank and International Monetary Fund’s annual meeting, US Treasury secretary Janet Yellen called for a retooling of development banks. “We must start now” on reforming development banks to deal with cross-border crises, she said on October 6.

“In the past, most anti-poverty strategies have been country focused,” she said. “But today, some of the most powerful threats to the world’s poorest and most vulnerable require a different approach. Because the challenges are global

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Exchange traded funds (ETFs) have risen in popularity among investors and may be of interest to central bank reserve managers in pursuit of safety, liquidity and returns. Central bank mandates vary, but all reserve managers must navigate a new, complex…

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