In prepared remarks Monday to the Chicago Council on Global Affairs ahead of meetings this week of international finance officials, Yellen called on richer countries to step up both economic and public health assistance to poorer nations reeling from covid. She noted as many as 150 million people across the world risk falling into extreme poverty as a result of the crisis.
“This would be a profound economic tragedy for those countries, one we should care about. But, that’s obvious. What’s less obvious — but equally true — is that this divergence would also be a problem for America,” Yellen said. “Our first task must clearly be stopping the virus by ensuring that vaccinations, testing and therapeutics are available as widely as possible.”