World Bank should add disaster clauses to debt agreements- Yellen

U.S. Treasury Secretary Janet Yellen testifies at a House Financial Services Committee hearing entitled "The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System" on Capitol Hill in Washington, U.S., June 13, 2023. REUTERS/Kevin Lamarque/File Photo

PARIS (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the World Bank should add disaster clauses to debt agreements with poorer countries, speaking ahead of a summit in Paris that will discuss how to boost crisis financing for low-income countries.

Such clauses could be part of a broader reform of the World Bank to free up more funds, Yellen told journalists in the French capital.