Category Archives: U.S. Treasury

As Prepared for Delivery I would like to thank Deputy Prime Minister Choi and Minister Suzuki for joining me in this trilateral finance ministers meeting, which is a significant milestone. This is the first such meeting between our three ministries, and a key follow-up to our Leaders Summit at Camp David last August. As Treasury […]

As Prepared for Delivery Prime Minister Shmyhal and Minister Marchenko, thank you for meeting with me today. I was glad to discuss our key shared priorities, including international financial support for Ukraine, Ukraine’s reform progress, and Russia’s obligation to pay for the damages of its war of aggression. Budgetary assistance from the United States is […]

WASHINGTON – Today, we, the Finance Ministers of Japan, the Republic of Korea, and the United States held our first trilateral meeting in Washington, DC. Our discussion builds on our Trilateral Leaders’ Summit last August in Camp David, and affirms the importance of our relationship to our own economies and to the global economy. As […]

As we gather in Washington, D.C. this spring, I look forward to reflecting on the policies that have supported global economic resilience, while remaining attentive to risks to the global economic outlook.  The global economy has proven to be stronger and more resilient than expected, though some countries still face substantial challenges.  Growth outcomes have […]

Issued by: United States, Japan, Germany, France, United Kingdom, Italy, India, Republic of Korea, Spain, Australia, Netherlands, Switzerland, Belgium, Denmark, and New Zealand The G20 Independent Review of Multilateral Development Banks’ (MDB) Capital Adequacy Frameworks (G20 CAF Review) provided thoughtful recommendations for boosting MDB financial capacity by stretching existing resources and pursuing innovative measures.  The G20 Presidencies […]

WASHINGTON — Under Secretary for Terrorism and Financial Intelligence Brian Nelson and Mexico’s Deputy Minister of Finance and Public Credit Gabriel Yorio met on April 15th to discuss bilateral cooperation to combat illicit finance, following their meeting in December during Secretary Yellen’s trip to Mexico. Under Secretary Nelson and Deputy Secretary Yorio advanced conversations and collaboration […]

WASHINGTON — On Monday, Under Secretary for International Affairs Jay Shambaugh met with Ukraine’s Minister of Finance Sergii Marchenko on the margins of the IMF-World Bank Spring Meetings. Under Secretary Shambaugh emphasized the United States’s commitment to support Ukraine in its fight to preserve its freedom, sovereignty, and territorial integrity. He provided the Minister an […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 12 entities and 10 individuals pursuant to Executive Order (E.O.) 14038. This action builds on U.S. sanctions imposed in response to Belarus’s fraudulent August 2020 election, as well as President Alyaksandr Lukashenka’s (Lukashenka) support for Russia’s illegal full-scale […]

IRS Achieved 88% Level of Service, Cut Call Wait Times to 3 Minutes, Answered 1 Million More Calls Than Filing Season 2023, Saved Taxpayers 1.4 Million Hours of Hold Time  31 Million Taxpayer Views of New and Improved “Where’s My Refund” Tool  More than 170,000 additional taxpayers served at Taxpayer Assistance Centers WASHINGTON – Thanks […]

WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking action against Hamas, targeting Gaza- and Lebanon-based leaders of the terrorist group’s offensive cyber and unmanned aerial vehicle (UAV) operations. Concurrent with this action, the European Union is imposing sanctions targeting Hamas.   “Today’s joint action reinforces our continued, […]