WASHINGTON – Today, U.S. Secretary of the Treasury Janet L. Yellen met with Pacific Island leaders during the United States-Pacific Islands Forum Summit. Secretary Yellen underscored President Biden’s commitment to strengthening the United States’ partnership with Pacific islands, noting the importance of deepening economic ties. As part of a business roundtable, hosted by the Business Council for International Understanding, Secretary Yellen highlighted Treasury’s efforts to support Pacific Islands’ economic recovery from the pandemic and to enhance resilience to future shocks. She reaffirmed Treasury’s commitment to work together to mitigate threats to Pacific countries’ macro-financial stability, including through addressing the impacts of a changing climate, promoting fiscal sustainability, and strengthening correspondent banking relationships in the region.
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