US Treasury Secy considers India an ‘indispensable partner’ for friend-shoring - Logistics Insider

The third G20 Finance Ministers and Central Bank Governors meeting is being held in Gujarat, India, and will be co-chaired by India's Finance Minister and the Governor of the Reserve Bank of India. US Treasury Secretary Janet Yellen emphasized the importance of India as a partner in making supply chains more resilient. Yellen also called for multilateral development banks to provide $200 billion in lending over the next decade and urged international creditors to speed up debt relief for developing economies. The meeting will discuss debt distress, global tax deals, and stabilizing US-China relations.

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