Yellen to meet Polish prime minister at start of trip to G7 finance meeting

U.S. Treasury Secretary Janet Yellen testifies all through a U.S. Household Committee on Monetary Companies hearing on the Annual Report of the Financial Security Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/Pool by way of REUTERS

WASHINGTON, Could 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to focus on how Russia’s invasion of Ukraine influences Poland’s economic climate as section of a 7 days-extensive trip that also will just take her to Brussels and a G7 finance leaders conference in Germany.

While in Warsaw, Yellen will “specific her gratitude for the generosity Poland has shown in welcoming refugees” and will talk about the growing menace of food items insecurity and a world wide minimum tax offer that will elevate crucial revenues, the U.S. Treasury Section stated in a statement.

Yellen on Monday also will satisfy with Polish Finance Minister Magdalena Rzeczkowska and National Bank of Poland Governor Adam Glapinski, as perfectly as U.S. Ambassador to Poland Mark Brzezinski. The Treasury claimed all over her conferences, Yellen will go over the Russian invasion’s influence on Poland’s financial system, particularly on inflation, and on its fiscal policy and offer chains.

Yellen also will visit facilities for Ukrainian refugees, which includes the Planet Central Kitchen, which is offering meals for refugees and emphasize the Treasury Department’s ongoing endeavours to address foodstuff safety difficulties arising from Russia’s invasion and blocked Ukrainian grain and exports.

On Tuesday in Brussels, Yellen will satisfy with European Commission President Ursula von der Leyen and U.S. Ambassador to the European Union Mark Gitenstein, the Treasury mentioned.

“These conferences will target on the impression of Russia’s war versus Ukraine, together with European strength safety and Russian vitality imports, Ukraine’s financial assistance wants, and on the implementation of the worldwide tax settlement,” the Treasury reported.

Yellen also will deliver remarks to the Brussels Financial Discussion board 2022 on the war’s affect on the world wide economic outlook and the long term of multilateral.

At the G7 finance ministers and central lender governors assembly in Bonn, Germany, Treasury reported Yellen will perform to advance the global recovery and discuss techniques to enhance economic force on Russia to stop its invasion.

The G7 is manufactured up of carefully allied wealthy industrial democracies: Canada, Britain, France, Germany, Italy, Japan and the United States.

Reporting by David Lawder
Modifying by Chizu Nomiyama and Will Dunham

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