Yellen Urges APEC Finance Ministers to Prioritize Sustainable Growth
U.S. Treasury Secretary Janet Yellen has urged finance ministers from Asia Pacific Economic Cooperation (APEC) countries to focus on boosting their economies' productive capacity, financing the transition to low-carbon energy, and providing opportunities for the poor. Yellen emphasized the need for collaboration among the 21 APEC economies to achieve the goals of creating an open, dynamic, resilient, and peaceful Asia-Pacific community. The meeting comes amid concerns over slowing growth, inflation, and tensions between the U.S. and China. Yellen also highlighted the importance of sustainable growth, leveraging emerging technologies, and addressing climate change.
