WASHINGTON—Treasury Secretary Janet Yellen urged the Team of twenty international locations to increase their aid for global vaccination plans, citing “the substantial, unmet requirements of these initiatives.”
“A immediate and certainly global vaccination method is the strongest stimulus we can provide to the global overall economy,” she claimed in a letter dated Feb. twenty five to her colleagues in the G-twenty, which features China and other rising-marketplace economies.
Ms. Yellen elevated considerations about reduced-earnings international locations in certain, which she claimed could experience additional deaths and a pointless delay of their financial recoveries without the need of entry to vaccines.
She also emphasised the need to have for a coordinated response to the global crisis and urged G-twenty international locations “to carry on to just take major fiscal and financial-policy steps and steer clear of withdrawing aid also early.”
Ms. Yellen claimed an allocation of particular drawing rights, a variety