President Joe Biden is gearing up for the G20 leaders summit in India, where his primary focus will be reforming the World Bank and promoting multilateral development banks’

The Biden administration aims to position the World Bank as a counterbalance to China’s overseas lending initiatives.

In late August, the White House requested an additional $3.3 billion in funding from Congress..

Furthermore, President Biden will urge the G20 to provide meaningful debt relief to low and middle-income countries. Underscoring their commitment to supporting nations in need.

President Biden’s agenda at the G20 summit reflects a broader commitment to addressing global challenges, including climate change, infrastructure development, and debt relief for vulnerable nations.