Category Archives: U.S. Treasury

As Prepared for Delivery Thank you, Ian, and thank you Tino, for inviting me to join you today for the launch of Carnegie California. As you all know, Andrew Carnegie created the Endowment in 1910 to advance the cause of peace and international cooperation as he saw the storm clouds of war beginning to form […]

PARIS – Today, U.S. Secretary of the Treasury Janet L. Yellen met with President of Sri Lanka Ranil Wickremesinghe on the sidelines of the Summit for a New Global Financial Pact. Secretary Yellen noted that she was pleased to see approval of Sri Lanka’s IMF program earlier this year and strong domestic ownership of Sri […]

RICHMOND, CA– Today, Deputy Secretary of the Treasury Wally Adeyemo toured the RYSE Center, a youth center and climate resilience hub with solar and battery technology in northern California to highlight how the Inflation Reduction Act incentivizes clean energy investment in underserved communities.  The Center was built using the New Markets Tax Credit program, which helps underserved communities attract private […]

As Prepared for Delivery Thank you, Minister Le Maire. It’s great to be part of the multilateral development bank evolution roundtable. Today’s development landscape is challenging. Over the past few years, we have experienced significant macroeconomic shocks. This has impacted the global growth outlook for developing countries. These effects are compounded by longstanding global challenges, […]

SAN FRANCISCO, CA – Today, Deputy Secretary of the Treasury Wally Adeyemo met with the San Francisco Chamber of Commerce to discuss how the Inflation Reduction Act is benefitting startup companies in the clean energy industry.  The Inflation Reduction Act is the most significant legislation to combat climate change in our nation’s history. Since the […]

PARIS – Today, U.S. Secretary of the Treasury Janet L. Yellen met with French Finance Minister Bruno Le Maire. Secretary Yellen thanked Minister Le Maire and France for hosting the Summit for a New Global Financing Pact. She outlined the next steps in the evolution agenda for the World Bank and other multilateral development banks […]

WASHINGTON –  On June 20, Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson met with Hassan Sheikh Mohamud, the President of the Federal Republic of Somalia. The two affirmed the close U.S.-Somali partnership in combatting al-Shabaab and its illicit financial activities, areas to further enhance ongoing counter terrorist financing cooperation, and the […]

I’m glad to be here in Paris. Let me begin by expressing my thanks to President Macron, Finance Minister Le Maire, and the French delegation for hosting this Summit.  We meet at a moment of tremendous promise and challenge. In recent decades, developing countries have seen broad economic progress. But over the past few years, […]

PARIS – Today, U.S. Secretary of the Treasury Janet L. Yellen met with President of the European Commission Ursula von der Leyen on the sidelines of the Summit for a New Global Financing Pact. Secretary Yellen highlighted the importance of the partnership with the EU through the G7 Partnership for Global Infrastructure and Investment and the Just Energy Transition […]

WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Burma’s Ministry of Defense and two regime-controlled financial institutions that facilitate much of the foreign currency exchange within Burma and enable transactions between the military regime and foreign markets, including for the purchase and import of arms and related materiel. […]