WASHINGTON – The United States and the People’s Republic of China held the sixth meeting of the Economic Working Group (EWG) in Washington on the sidelines of the IMF-World Bank Annual Meetings on October 25th, co-led by Jay Shambaugh, Under Secretary for International Affairs at the U.S. Treasury, and Liao Min, Vice Minister of Finance at […]
Category Archives: U.S. Treasury
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Chancellor of the Exchequer Rachel Reeves of the United Kingdom
WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with United Kingdom Chancellor of the Exchequer Rachel Reeves on the margins of the 2024 Annual Meetings of the International Monetary Fund and the World Bank. Secretary Yellen condemned the actions of Russia and discussed the Extraordinary Revenue Acceleration (ERA) Loans initiative to Ukraine, […]
Treasury Sanctions Sudanese Armed Forces Weapons Procurement Director
WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Mirghani Idris Suleiman (Idris)pursuant to Executive Order (E.O.) 14098, for leading the Sudanese Armed Forces’ (SAF) efforts to acquire weapons for use in its ongoing war with the Rapid Support Forces (RSF). Idris has been at the center of weapons deals that have fueled […]
U.S. Department of the Treasury Releases Final Rules to Onshore Clean Energy Technologies, Strengthen Critical Minerals Supply Chains, and Expand U.S. Manufacturing Base as Part of Investing in America Agenda
Advanced Manufacturing Production Credit has contributed to more than $126 billion in clean energy manufacturing investment announced over last two years. WASHINGTON – Today, the U.S. Department of the Treasury and the IRS released final rules for the Advanced Manufacturing Production Credit (Section 45X of the Internal Revenue Code), to spur continued growth of U.S. clean […]
READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Finance Minister Mohammed Al-Jadaan of Saudi Arabia
WASHINGTON – Today, Secretary of the Treasury Janet L. Yellen met with Finance Minister Mohammed Al-Jadaan of Saudi Arabia. Secretary Yellen reaffirmed Treasury’s long-standing and close partnership with Saudi Arabia and discussed with the Minister the outlook for Saudi Arabia’s economy and its reform and development plans. The Minister and Secretary Yellen committed to continue […]
Remarks by Secretary of the Treasury Janet L. Yellen at a Signing Ceremony with Minister of Finance Sergii Marchenko of Ukraine
As Prepared for Delivery Since the moment that Russia invaded Ukraine, the United States has worked with our partners and allies around the world to stand strong against Putin’s aggression. As Russia continues its brutal and unjust war, mortgaging its future and economy to move to a permanent war footing, Putin is engaged in a […]
U.S. Department of the Treasury Announces Awards to Support Development of 26,400 Affordable Housing Units
WASHINGTON – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 48 organizations $246.4 million for the development of affordable housing and community facilities serving low-income, families and communities that need additional investment. These awards were made through the fiscal year (FY) 2024 round of the Capital Magnet Fund […]
Remarks by Secretary of the Treasury Janet L. Yellen on Multilateral Development Bank Evolution During the 2024 Annual Meetings of the International Monetary Fund and World Bank
As Prepared for Delivery Two years ago on the eve of the Annual Meetings, I called for the evolution of the multilateral development banks. Today, I am glad to be here with President Banga, Lord Malloch-Brown, and Minister Musokotwane to lay out what we’ve achieved and to reaffirm our commitment to sustaining momentum. I called […]
Remarks by U.S. Department of the Treasury’s Counselor for Racial Equity Janis Bowdler at the Opportunity Finance Network 2024 Conference
As Prepared for Delivery Good morning, everyone. It is an honor to be here today, and I want to thank the Opportunity Finance Network (OFN) for the invitation and Harold Pettigrew and Donna Gambrell for their leadership and partnership over the years. I am delighted to be here on behalf of the U.S. Department of […]
Remarks by Secretary of the Treasury Janet L. Yellen at Press Conference Ahead of the 2024 Annual Meetings of the International Monetary Fund and World Bank
As Prepared for Delivery Let me thank the IMF and the World Bank for hosting these meetings and all of you for attending today. I’d like to start by stepping back and speaking about how far we’ve come. Three years ago when I attended my first Annual Meetings as Treasury Secretary, the COVID-19 pandemic was […]