The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
11/3/2023 READOUT: Secretary of the Treasury Janet L. Yellen Hosts Americas Partnership for Economic Prosperity Leaders | U.S. … READOUT: Secretary of the Treasury Janet L. Yellen Hosts Americas Partnership for Economic Prosperity Leaders November 3, 2023 WASHINGTON – On November 3, Treasury Secretary Yellen hosted a discussion with InterAmerican Development Bank (IDB) President Goldfajn, Barbados Prime Minister Mia Mottley, Costa Rican President Rodrigo Chaves, Dominican Republic President Luis Abinader, Ecuadorean President Guillermo Lasso, Peruvian President Dina Boluarte, and Uruguayan President Lacalle Pou. Also in attendance were Chilean Minister of Economy Nicolás Grau, Colombian Commerce Minister German Umaña Mendoza, Mexican Foreign A airs Secretary Alicia Barcena, and Panamanian Minister of Foreign A airs Janaina Tewaney. Special Presidential Advisor for the Americas Christopher Dodd also participated. Secretary Yellen discussed the challenges faced in delivering on our shared vision of hemispheric prosperity, including increasing productivity to generate good jobs and higher wages, and combatting climate change. She reiterated her commitment to working with the IDB Group and its shareholders on defining ambitious institutional reforms that will enable a capital increase for IDB Invest – the IDBʼs private sector arm – and position the IDB Group to better take on pressing regional and global challenges. She stressed that the IDB is the financial partner of choice for U.S. engagement with the region, and reiterated United States support of the IDB Groupʼs e orts to increase the e ectiveness of financing for the Americas. The Secretary noted the challenges of attracting private sector investment in the region – including crime and violence, corruption, and illicit finance – and discussed e orts by the IDB Group and the United States to work with Americas Partnership members in supporting the regionʼs supply chain integration. These e orts include new initiatives that President Biden announced today to deepen cooperation with United States Departments and Agencies and to strengthen the role of the IDB Group in mobilizing private sector finance, addressing migration-related challenges, and building resilience to climate change: a Memorandum of Understanding establishing a joint investment platform between the U.S. Development Finance Corporation and IDB Invest that https://home.treasury.gov/news/press-releases/jy1881 1/2 11/3/2023 READOUT: Secretary of the Treasury Janet L. Yellen Hosts Americas Partnership for Economic Prosperity Leaders | U.S. … will channel billions of dollars in private investments, including for modernizing this regionʼs infrastructure; a United States letter of intent to contribute $25 million to the IDBʼs Grant Facility to support projects that address the challenges of irregular migration and forced displacement; and a new partnership between the United States and the IDB to establish a fund that provides Americas Partnership countries with technical assistance in developing innovative nature-based financing tools that can drive more private capital into preserving the Americasʼ remarkable biodiversity. ### https://home.treasury.gov/news/press-releases/jy1881 2/2
@FedFRASER