Categories: U.S. Treasury

Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Bilateral Meeting with Finance Minister Njuguna Ndung’u of Kenya

As Prepared for Delivery

Minister Ndung’u, it is a pleasure to have the opportunity to meet with you today as both of our governments prepare for President Ruto’s State Visit to Washington in May—the first by an African Head of State since 2008.

Kenya is a valued U.S. partner and a leading voice on the African continent on many of the pressing economic, financial, and climate issues that will be the focus of discussions during these Spring Meetings.

In our conversation today, I look forward to discussing the upcoming State Visit and how we can make progress on shared economic priorities.

Kenya’s economy has shown resilience to a range of shocks and pressures, and your country recently returned to international capital markets. I look forward to hearing from you about how you see the economic challenges and opportunities ahead.

Kenya has also been making good use of support from the international financial institutions and taking a leadership role in the World Bank’s IDA replenishment and at the African Development Bank.

I look forward to exchanging views on the international financial institutions, including how to strengthen the impact of the MDBs through MDB evolution. President Ruto’s convening of the Africa Climate Summit last year reinforced a key tenet of MDB Evolution, which is that addressing climate change and pursuing inclusive and resilient economic growth are mutually reinforcing goals.

I look forward to a productive conversation today and to continuing to deepen our bilateral partnership over the months ahead.

Thank you.

###

IR Press

Share
Published by
IR Press

Recent Posts

United States Sanctions Senior Leader of the LockBit Ransomware Group

The United States reveals the identity of and imposes sanctions on Dmitry Khoroshev, a senior…

4 days ago

Remarks by Secretary of the Treasury Janet L. Yellen at Asian American, Native Hawaiian, and Pacific Islander Economic Summit

As Prepared for DeliveryGood morning. I am very glad to welcome all of you to…

4 days ago

Acting Comptroller Issues Statement on Notice of Proposed Rulemaking on Incentive Compensation

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement supporting an…

4 days ago

Agencies Issue Proposal on Incentive-Based Compensation

Washington, D.C.— The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the…

4 days ago

Remarks by Secretary of the Treasury Janet L. Yellen at East Valley American Job Center in Mesa, Arizona

As Prepared for DeliveryI. IntroductionThank you to everyone for being here. It’s good to be…

1 week ago