Friday - March 29, 2024
Statement by Secretary Timothy F. Geithner at the Development Committee (DC) Meeting
April 25, 2010
WASHINGTON, April 25 -- The U.S. Department of the Treasury issued the following statement:

Last spring, at an exceptionally dark time for the global economy, President Obama came together with other G20 leaders in London to ask the World Bank and the regional development banks to help cushion the poorest from the worst impacts of the crisis and restore liquidity for world trade flows.

We asked the development banks to stretch their balance sheets, and they acted wi . . .

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