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

U.S. Treasury Secretary Janet Yellen testifies through a U.S. Household Committee on Monetary Solutions hearing on the Yearly Report of the Fiscal Steadiness Oversight Council, on Capitol Hill in Washington, DC, U.S. May well 12, 2022. Graeme Jennings/Pool by means of REUTERS

WASHINGTON, May possibly 13 (Reuters) – U.S. Treasury Secretary Janet Yellen will meet with Polish Prime Minister Mateusz Morawiecki on Monday to examine how Russia’s invasion of Ukraine impacts Poland’s economic climate as element of a 7 days-extended journey that also will get her to Brussels and a G7 finance leaders conference in Germany.

When in Warsaw, Yellen will “express her gratitude for the generosity Poland has proven in welcoming refugees” and will go over the mounting danger of meals insecurity and a global bare minimum tax deal that will elevate important revenues, the U.S. Treasury Department claimed in a statement.

Yellen on Monday also will meet with Polish Finance Minister Magdalena Rzeczkowska and Nationwide Financial institution of Poland Governor Adam Glapinski, as perfectly as U.S. Ambassador to Poland Mark Brzezinski. The Treasury said throughout her meetings, Yellen will talk about the Russian invasion’s impact on Poland’s financial system, specifically on inflation, and on its fiscal policy and source chains.

Yellen also will stop by facilities for Ukrainian refugees, including the Entire world Central Kitchen, which is supplying meals for refugees and emphasize the Treasury Department’s ongoing attempts to address food stuff security worries arising from Russia’s invasion and blocked Ukrainian grain and exports.

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

“These conferences will aim on the impression of Russia’s war from Ukraine, together with European electricity stability and Russian power imports, Ukraine’s economic support wants, and on the implementation of the world wide tax agreement,” the Treasury reported.

Yellen also will supply remarks to the Brussels Economic Discussion board 2022 on the war’s impact on the international financial outlook and the long run of multilateral.

At the G7 finance ministers and central bank governors assembly in Bonn, Germany, Treasury mentioned Yellen will perform to advance the international recovery and examine methods to enhance economic stress on Russia to conclusion its invasion.

The G7 is produced 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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