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Axios
Axios
World

Treasury Secretary Janet Yellen shames Russia and China in Africa speech

DAKAR, Senegal — Treasury Secretary Janet Yellen used her first speech on African soil to take direct aim at Russia — citing the war in Ukraine as the leading cause of African misery — and to call on China to offer debt relief to struggling economies.

Why it matters: Yellen’s ten-day trip is designed to highlight what the U.S. can offer Africa, and not dwell on where other countries fall short. But Russia’s military aggression and China’s unyielding approach to indebted, poor countries, is the unavoidable background music to Yellen’s three-country tour.


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