The Treasury Department works with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, raise standards of living, and to the extent possible, predict and prevent economic and financial crises. The Treasury Department also performs a critical and far-reaching role in enhancing national security by implementing economic sanctions against foreign threats to the U.S., identifying and targeting the financial support networks of national security threats, and improving the safeguards of our financial systems. Treasury's Office of International Affairs works on a wide range of economic issues. Following are links to additional information about international economic issues, institutions, and priority policy areas. 


Committee on Foreign Investment in the United States

The Committee on Foreign Investment in the United States (CFIUS) is an inter-agency committee authorized to review certain transactions involving foreign investment in the United States, in order to determine the effect of such transactions on the national security of the United States


Outbound Investment Security Program

The Treasury Department leads the implementation and operation of the Outbound Investment Security Program established under Executive Order 14105, "Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern.”


The Exchange Stabilization Fund (ESF) consists of U.S. dollars, foreign currencies, and Special Drawing Rights and can be used to purchase or sell foreign currencies, to hold U.S. foreign exchange and Special Drawing Rights (SDR) assets, and to provide financing to foreign governments. All operations of the ESF require the explicit authorization of the Secretary of the Treasury who is responsible for the formulation and implementation of U.S. international monetary and financial policy, including exchange market intervention policy.


Among the many important "G groups" that the United States participates in are the Group of 7 and the Group of 20.


The Treasury Department leads U.S. engagement in the International Monetary Fund.  This page contains information about U.S. votes on IMF country programs and IMF-related reports to Congress.


Treasury also leads the Administration’s engagement in the multilateral development banks, including the World Bank and other regional development banks.  This page contains reports and statements related to these institutions.


The report reviews developments in international economic and exchange rate policies, and is required under the Omnibus Trade and Competitiveness Act of 1988, 22 U.S.C. § 5305.


Exchange Rate Analysis

Treasury uses its Global Exchange Rate Assessment Framework (GERAF) to assist in its work on exchange rates.  One of Treasury’s applied uses of GERAF is to assess currency valuations in the context of countervailing duty proceedings when requested by the Department of Commerce.


The Financial Stability Board has identified 12 key economic, financial, and statistical standards and codes that are internationally accepted as important to promoting sound nation and global financial systems.  This page includes detailed information and assessment reports.


Treasury International Capital System

The Treasury International Capital (TIC) system collects data for the United States on cross-border portfolio investment flows and positions between U.S. residents (including U.S.-based subsidiaries) and foreign residents (including offshore branches of U.S. firms). It includes monthly transactions and holdings of long-term securities, annual holdings of long- and short-term securities, claims and liabilities of financial and non-financial entities,  and financial derivatives. It excludes direct investment.

Foreign Credit Reporting System

The Foreign Credit Reporting System (FCRS) is the centralized repository of U.S. government agencies’ credit exposure, including direct loans and loan guarantees and insurance, to foreign governments and private entities.


Treasury International Programs Justifications of Appropriations