Janet Yellen’s New Financial Multilateralism

Paola Subacchi, Project Syndicate|

Photo by Nick Fewings on Unsplash

In a recent letter to her G20 colleagues, US Treasury Secretary Janet Yellen called for stronger multilateralism in responding to the COVID-19 crisis. By emphasizing governance, flexibility, and accessibility, Yellen offers reason to hope for broader action to address the many gaping holes in the current global financial system.

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