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Media Advisory – Secretary Yellen to Travel to India and Indonesia

Media Advisory – Secretary Yellen to Travel to India and Indonesia

Secretary Yellen will go to the U.S-India Economic and Economical Partnership in New Delhi, and the G20 Joint Finance and Wellness Ministers’ Meeting and G20 Leaders’ Summit in Bali

WASHINGTON — Secretary of the Treasury Janet L. Yellen will journey to New Delhi, India to participate in the U.S.-India Financial and Money Partnership on November 11. Secretary Yellen will then travel to Bali, Indonesia to symbolize the United States at the G20 Joint Finance and Well being Ministers’ Conference on November 12 and accompany President Biden at the G20 Leaders’ Summit on November 15 and 16.

In India on November 11, Secretary Yellen will emphasize the energy of the United States’ partnership with India, which carries on to deepen. The Secretary will fulfill with engineering sector leaders and take a look at the Microsoft India Improvement Centre, where by she will produce remarks on the United States’ financial partnership with India. The Secretary will then hold a bilateral conference with Indian Minister of Finance and Minister of Company Affairs Nirmala Sitharaman. Adhering to the U.S.-India Economic and Economic Partnership (EFP) dialogue, the Secretary will sign up for Minister Sitharaman for a fireplace discussion with executives from important Indian firms and American corporations running in India. To conclude the working day, Secretary Yellen and Minister Sitharaman will indicator a joint assertion on the EFP dialogue. The Secretary’s remarks and participation in the fireside dialogue will be open to pre-credentialled push. There will be press sprays with remarks at the best of the EFP and bilateral assembly, and a image spray at the signing ceremony.

During her check out to India, Secretary Yellen will focus on how the United States and India have labored collectively to deepen their economic ties. Secretary Yellen will spotlight the shut ties concerning American and Indian men and women and corporations, and observe approaches we can additional our bilateral economic partnership, together with by the Indo-Pacific Financial Framework and stronger provide chains through buddy-shoring. She will reaffirm America’s and India’s shared democratic values and commitment to upholding a regulations-based mostly international get as the world’s greatest democracies. The Secretary will also welcome India’s assumption of the G20 presidency next thirty day period and talk about opportunities to make progress on worldwide issues by means of international weather motion, evolving the multilateral improvement banking companies (MDBs), further strengthening world-wide wellbeing architecture, and advancing financial debt reduction for lower-profits international locations and rising marketplaces.

In Bali on November 12, Secretary Yellen will stand for the United States at the G20 Joint Finance and Wellbeing Ministers’ Conference. On November 13, the Secretary will take part in an party celebrating the launch of the Pandemic Fund, a historic accomplishment of the G20 Indonesian Presidency for which the United States was an early supporter and a single of the premier donors with an initial $450 million contribution. In these activities, she will inspire amplified help from the global group to develop resilience towards long run pandemics, push for strengthening wellness-finance collaboration, and emphasize the worth of the G20 in increasing the world pandemic preparedness architecture. The launch function will be open up to pre-credentialed press and livestreamed.

On November 14, Secretary Yellen will participate in the Just and Economical Energy Transition for Indonesia – Strength Changeover System High-Stage Seminar. There, the Secretary will highlight Treasury’s engagement with important rising marketplaces like Indonesia that are dedicated to transitioning to web-zero economies by employing robust electricity sector reform agendas. This global action builds on the United States’ most significant-ever expenditure in fighting climate improve thanks to President Biden’s Inflation Reduction Act and Bipartisan Infrastructure Regulation. This function will be open up to pre-credentialed push.

On November 15 and 16, Secretary Yellen will accompany President Biden at the G20 Leaders’ Summit.

While in Indonesia, Secretary Yellen will participate in other occasions and bilateral conferences, which includes with Italian Minister of Financial system and Finance Giancarlo Giorgetti. All through these situations and meetings, the Secretary will sign up for President Biden in rallying our world coalition to hold Russia accountable for its brutal war in Ukraine and to guidance the folks of Ukraine. Secretary Yellen will also help direct the worldwide reaction to macroeconomic difficulties, including economic disruptions and elevated worldwide inflation from the COVID-19 pandemic and Russia’s illegal war in opposition to Ukraine, which are notably damaging to very low- and middle-income international locations. The Secretary will go over with counterparts approaches to improve resiliency in the world financial system from cross-border worries like climate adjust and pandemics—including by means of elevated local weather finance and evolving the MDBs, all which advance the President’s eyesight for bolstering sustainable investments and infrastructure improvement as a result of the Partnership for Global Infrastructure and Financial investment (PGII).

Further more engagements and specifics will be announced in the coming days.