Recommits increasing infrastructure investments in developing countries.
Secretary of the Treasury Janet Yellen brought together leaders of multilateral development banks (MDBs) last week to discuss how to increase quality infrastructure investments in low to middle-income countries. Finance ministers from Japan, France, Italy, the United Kingdom, and dozens of other countries also participated in the conversation as the current shareholders within these MBDs.
“We know that infrastructure investment—when done right—drives sustained and sustainable growth… and is essential to deliver basic services to people, to keep trade flowing, and to create jobs,” said Secretary Yellen. “Multilateralism is the only effective response to global challenges. That’s why our approach to infrastructure must emphasize collective action.”
As the Lord Leads, Pray with Us…
- For Secretary Yellen to seek God’s wisdom as she interacts with foreign finance ministers.
- For God to accomplish His will through the actions of U.S. governing officials.
- For discernment for the president and his administration in entering international agreements.
Sources: Department of the Treasury
