Following are highlights of what world leaders said at a summit in Paris on Thursday to boost crisis financing for poor countries, reform post-war financial systems and free up funds to tackle climate change.
"Even with the capital that the World Bank and the MDBs have, there is clearly potential ...to increase financing capacity," said U.S. Treasury Secretary Janet Yellen, whose country is the World Bank's biggest shareholder."We are certainly not ruling out at some later stage a capital increase. But I think that these banks need to function better individually and as a system first, expand their mission to address global challenges, better utilize the capital they have.
U.S. Treasury Secretary Janet Yellen delivers her speech at the U.S embassy to France, ahead of the Global Climate Finance conference, in Paris, France June 22, 2023 World leaders, heads of international organizations and activists are gathering in Paris for a two-day summit aimed at seeking better responses to tackle poverty and climate change issues by reshaping the global financial system.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Large fire breaks out in central Paris following suspected gas explosion | CNNSeven people have been “critically injured” in a large fire that broke out in a building in Paris on Wednesday, following a suspected gas explosion, CNN affiliate BFMTV reported.
Read more »
Deputy, suspect hospitalized after shooting in Bell Gardens, authorities sayA suspect and sheriff's deputy were hospitalized Thursday morning following a shooting in Bell Gardens.
Read more »
One person remains missing after central Paris gas explosions leaves dozens injured | CNNSix people remain in a critical condition and one person is missing after a gas explosion in central Paris on Wednesday, the Paris prosecutor’s office told CNN on Thursday.
Read more »
French Actor & Director Nicolas Bedos Held In Police Custody Following Sexual Assault AccusationsPopular French actor and director Nicolas Bedos is reported have spent 24 hours in police custody in Paris from Wednesday to Thursday following a complaint against him for sexual assault and faces a court hearing in 2024
Read more »
2023 Oak Cliff Film Festival begins Thursday, featuring North Texas connectionsThe Oak Cliff Film Festival returns for its 12th edition Thursday with 26 feature films and 35 shorts. It will take place at seven area venues, including the...
Read more »
George Santos bail backers will be revealed Thursday, judge ordersThe identities of the people who guaranteed Rep. George Santos' $500,000 bond in his criminal fraud case will be revealed Thursday, a federal judge ordered.
Read more »