G20 Summit 2023: US Treasury Secretary Janet Yellen says “G20 effective under India leadership"

The United States Secretary of the Treasury Janet L Yellen said that the G20 summit 2023 has been extremely effective under India’s leadership in spite of the problems caused by the Russia-Ukraine war and Russia’s general absence from the G20 initiatives. “It is important to emphasise that the G20 is a prime solution to the global challenges. We see it as a premier organisation on a global basis that is taking on critical challenges facing the global economy and particularly the global South. I believe the G20, in spite of obvious problems due to Russia`s war against Ukraine and Russia`s general absence from G20 initiatives, has been extremely effective, especially under India`s leadership. Our goals for the G20 have coincided closely with those of India. We have tackled very important challenges. I think we have had considerable success in changing the way the entire multilateral development system is operating,” said Janet L Yellen on September 08.