US Treasury Secretary Janet Yellen will travel to India this week to attend the Group of 20 (G20) finance meeting and hold bilateral talks in Vietnam. Yellen’s main focus during the G20 meeting will be to push for reforms at the multilateral development banks and accelerate progress on debt restructuring processes for low-income countries. She aims to encourage greater flows of credit to address global challenges like climate change. The US Treasury hopes that measures already under consideration could unlock an additional $200 billion in lending firepower over the next decade at multilateral development banks. In addition, Yellen will urge all official bilateral creditors, including China, to speed up their slow-moving debt restructuring efforts. While recent progress on Zambia’s debt has been encouraging, there is a need for faster progress in other cases as well. Yellen will push for the World Bank to create a mechanism to provide more resources for countries tackling global challenges such as climate change. She will also explore options for lending to sub- and super-sovereign actors, not just national governments. During her visit, Yellen will also hold bilateral talks in India and Vietnam, with a focus on building resilient supply chains through expanded ties with trusted partners. She will emphasize the need for countries to have diverse and resilient supply chains, although this message is not specifically targeted at China and does not reflect any plans by the US to decouple from the Chinese economy. Yellen has raised concerns with Chinese officials about punitive actions against US firms and China’s recent move to restrict exports of critical minerals used in semiconductors. Yellen will also work with Vietnamese officials on addressing US concerns about Vietnam’s currency practices and enhancing Vietnam’s financial and macroeconomic resilience. Yellen will highlight progress in the US-Vietnam financial and macroeconomic dialogue during her visit. She will also participate in a female leadership conference hosted by Foreign Trade University. Yellen’s trip concludes with a news conference ahead of the G20 meeting and bilateral meetings with officials from India and the European Union.