Treasury Amends Regulations to Increase Support for the Cuban People and Independent Private Sector Entrepreneurs

WASHINGTON — Today, the Department of the Treasury’s (Treasury) Office of Foreign Assets Control (OFAC) amended the Cuban Assets Control Regulations, 31 CFR part 515, (CACR) to further implement the policy announced by the Biden-Harris Administration on May 16, 2022 to increase support for the Cuban people.  These regulatory amendments update and clarify authorizations in support of internet-based […]

Remarks by Secretary of the Treasury Janet L. Yellen on High-Integrity Voluntary Carbon Markets

As Prepared for Delivery Good morning. Thank you to Bloomberg Philanthropies, the Center for Climate and Energy Solutions, and the Environmental Defense Fund for the great work you’re doing and for hosting us today. The Biden Administration has been committed to addressing climate change since day one. And the Treasury Department has worked to play […]

U.S. Department of the Treasury Releases Joint Policy Statement and Principles on Voluntary Carbon Markets

WASHINGTON – Today, U.S. Secretary of the Treasury Janet Yellen, Department of Agriculture Secretary Tom Vilsack, Department of Energy Secretary Jennifer Granholm, Senior Advisor for International Climate Policy John Podesta, National Economic Advisor Lael Brainard, and National Climate Advisor Ali Zaidi announced the publication of a Joint Statement of Policy and new Principles for Responsible […]

G7 Finance Ministers and Central Bank Governors’ Communiqué

Stresa, 23-25 May 2024 We, the G7 Finance Ministers and Central Bank Governors, met on 23-25 May 2024 in Stresa, Italy. We were honoured to be joined by the Ukrainian Finance Minister Sergii Marchenko. The Heads of the International Monetary Fund (IMF), World Bank Group (WBG), Organisation for Economic Cooperation and Development (OECD) and Financial […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Economy and Finance Bruno Le Maire of France

STRESA – Today, Secretary of the Treasury Janet L. Yellen met with France’s Minister of Economy and Finance Bruno Le Maire on the sidelines of the G7 Finance Minister and Central Bank Governor Meetings in Stresa, Italy. During their meeting, Secretary Yellen and Minister Le Maire had a productive and positive discussion on ways to […]

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Commissioner for the Economy Paolo Gentiloni of the European Commission

STRESA – Yesterday, Secretary of the Treasury Janet L. Yellen met with European Commissioner for the Economy Paolo Gentiloni on the sidelines of the G7 Finance Minister and Central Bank Governor Meetings in Stresa, Italy. During their meeting, Secretary Yellen commended the European Union’s economic growth in the first quarter, alongside falling inflation and a […]

READOUT: Secretary, of the Treasury Janet L. Yellen’s Meeting with President Christine Lagarde of the European Central Bank

STRESA – Yesterday, Secretary of the Treasury Janet L. Yellen met with European Central Bank President Christine Lagarde on the sidelines of the G7 Finance Minister and Central Bank Governor Meetings in Stresa, Italy. During their meeting, Secretary Yellen discussed ways to unlock the value of immobilized Russian sovereign assets to support Ukraine’s continued resistance […]

Statement by the Temporary Alternate Governor for the United States of America Alexia Latortue on the European Bank for Reconstruction and Development Annual Meetings

On behalf of U.S. Treasury Secretary Janet Yellen, I would like to thank the Government and people of Armenia for generously hosting the 2024 EBRD Annual Meetings of the Board of Governors. President Odile Renaud-Basso has steered the EBRD successfully over the past year through successful capital increase negotiations—on the heels of the Bank’s first-mover, quick […]

Statement from Assistant Secretary for International Trade and Development Alexia Latortue on the European Bank for Reconstruction and Development Annual Meetings

WASHINGTON – The United States applauds the productive Annual Meetings of the European Bank for Reconstruction and Development (EBRD) and welcomes the re-election to a second term of President Odile Renaud-Basso after a successful first term of leading the institution successfully through tumultuous times. As the EBRD’s largest shareholder, we welcome the membership of Iraq […]

OCC Announces Enforcement Actions for May 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the […]