WASHINGTON—Treasury Secretary Janet Yellen issued an urgent demand global cooperation to defeat the coronavirus pandemic and bolster the global economic recovery, in a letter to her world counterparts Thursday.
“No person nation on my own can uncover victory over these crises,” she acknowledged in a letter to her colleagues within the Group of 20 international locations, which contains China and other emerging-market economies. “Indeed, our cooperation has never mattered more. Here is a 2d made for circulation and for multilateralism.”
Ms. Yellen urged the G-20 international locations to lengthen their improve for global vaccination programs, citing “the excessive, unmet desires of these initiatives.”
“A instant and no doubt global vaccination program is the strongest stimulus we are able to present to the global financial system,” she acknowledged.
She additionally emphasized the want for a coordinated response to the global crisis and urged G-20 international locations “to proceed to secure indispensable fiscal and financial-policy actions and steer clear of withdrawing improve too early.”
