It is reported that US Treasury Secretary Janet Yellen stated during the US-India Business Council Summit held in Washington DC on the 13th that India’s active measures are very important in supporting the country’s reform efforts.
Janet Yellen, who commented further in this regard,
“Over the past six months, we have made progress across a number of areas. Debt distress in developing countries poses a risk to macroeconomic growth and stability. More needs to be done to provide timely and comprehensive debt relief. But we are committed to supporting the authorities’ reform efforts. Steps have been taken in emergency situations like Sri Lanka where India’s proactive measures were crucial.
