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4/20/2022

READOUT: Deputy Secretary Wally Adeyemo’s Meeting with Singapore Finance Minister Lawrence Wong and Monetary…

READOUT: Deputy Secretary Wally Adeyemo’s Meeting with
Singapore Finance Minister Lawrence Wong and Monetary
Authority of Singapore Managing Director Ravi Menon
April 19, 2022

WASHINGTON – Deputy Secretary of the Treasury Wally Adeyemo met with Singapore Finance
Minister Lawrence Wong and Monetary Authority of Singapore (MAS) Managing Director Ravi
Menon today as part of the Bank Fund Spring meetings. This follows several recent high-level
meetings between the U.S. Treasury Department and the Government of Singapore, including
the meeting last month between Prime Minister Lee Hsien Loong and Secretary Janet L.
Yellen. Deputy Secretary Adeyemo, Finance Minister Wong, and Managing Director Menon
discussed views on regional economic issues and areas of bilateral collaboration, including
sustainable finance. The Deputy Secretary congratulated Singapore on taking over the
Financial Action Task Force (FATF) presidency in July and expressed support for their priorities.
He thanked his counterparts for Singaporeʼs strong action in imposing financial sanctions and
export controls on Russia and highlighted the need for the international community to
continue to impose costs for the Kremlinʼs invasion of Ukraine and violation of Ukraineʼs
sovereignty.

https://home.treasury.gov/news/press-releases/jy0726

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