Federal - Executive Branch
News releases, reports, statements and associated documents from the U.S. Executive Branch, covering all aspects of the Obama administration including cabinet departments, federal agencies, regulatory and independent agencies.
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Treasury: Statement by Secretary Yellen on President Biden's Announcement of the Partnership for Global Infrastructure and Investment
WASHINGTON, June 27 (TNStalk) -- The U.S. Department of the Treasury issued the following statement on June 26, 2022:
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At the G7 Leaders' Summit in Germany, President Biden and fellow G7 Leaders formally launched the Partnership for Global Infrastructure and Investment (PGII), a values-driven, high-standard, and transparent partnership to meet the enormous infrastructure needs of low- and middle-income countries without trapping them in cycles of debt. PGII will mobilize billions of dollars of investment and support for policy and technical assistance toward four priority areas: climate
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WASHINGTON, June 27 (TNStalk) -- The U.S. Department of the Treasury issued the following statement on June 26, 2022:
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At the G7 Leaders' Summit in Germany, President Biden and fellow G7 Leaders formally launched the Partnership for Global Infrastructure and Investment (PGII), a values-driven, high-standard, and transparent partnership to meet the enormous infrastructure needs of low- and middle-income countries without trapping them in cycles of debt. PGII will mobilize billions of dollars of investment and support for policy and technical assistance toward four priority areas: climateand energy security, digital connectivity, health systems and health security, and gender equality and equity.
"Thanks to President Biden's leadership, the Partnership for Global Infrastructure and Investment will step up support to partner countries and deliver quality, sustainable infrastructure that makes a difference in people's lives around the world and strengthens and diversifies supply chains," said Secretary of the Treasury Janet L. Yellen. "The Treasury Department will continue leading engagement with the multilateral development banks to increase investment in PGII's four priority areas. This announcement demonstrates the power of working with allies and partners to meet the challenges facing our world, and it will benefit American workers and businesses by making the global economy stronger and more resilient to global energy and supply chain shocks that drive higher prices."
Secretary Yellen and the Treasury Department have played an integral role in the development and implementation of PGII. This spring, Secretary Yellen brought together the presidents of the multilateral development banks (MDBs)--including the World Bank, African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, and the Inter-American Development Bank--and fellow G7 shareholders of the MDBs, to affirm our commitment to quality infrastructure investment. The Treasury Department has been a leading voice in advancing the adoption of Quality Infrastructure Investment (QII) principles by countries around the world to enable ourselves and our partners to deliver on PGII's commitment to quality. Infrastructure investment that adheres to QII principles will deliver value for money, sustainability, resilience, social inclusion, and sound governance, providing a valuable alternative to low-quality, exploitative infrastructure development.
Treasury is also supporting PGII through the development of Just Energy Transition Partnerships (JETPs), multilateral initiatives designed to accelerate the low-carbon energy transition in high-emitting emerging market countries. The South Africa JETP, announced last year at COP26, supports South Africa's climate commitments, estimated to result in over a gigaton of emissions reduction over the next 20 years. The JETP model is emblematic of the PGII's and Treasury's commitments to transformative projects, ambitious emissions reductions, innovative financing strategies, and multilateral cooperation.
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Original text here: https://home.treasury.gov/news/press-releases/jy0835
Statement by SBA Administrator Guzman on the U.S. Supreme Court Decision on Dobbs Vs. Jackson Women's Health Organization
WASHINGTON, June 27 (TNStalk) -- The Small Business Administration issued the following statement on June 25, 2022:
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Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America's 32.5 million small businesses in President Biden's cabinet, issued the following statement on today's U.S. Supreme Court decision on Dobbs v. Jackson Women's Health Organization.
"Today's Supreme Court ruling turns back the clock on the progress we have made as a nation, jeopardizing the civil liberties of millions of women to make decisions about their
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WASHINGTON, June 27 (TNStalk) -- The Small Business Administration issued the following statement on June 25, 2022:
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Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America's 32.5 million small businesses in President Biden's cabinet, issued the following statement on today's U.S. Supreme Court decision on Dobbs v. Jackson Women's Health Organization.
"Today's Supreme Court ruling turns back the clock on the progress we have made as a nation, jeopardizing the civil liberties of millions of women to make decisions about theirhealth and reproductive care, and creating ripple effects across communities and our economy.
"Every person deserves the opportunity to live up to their full potential - and deciding when to start a family is critically important to preserve that right, particularly for women entrepreneurs pursuing the American dream of business ownership.
"Ensuring women have a chance and a choice to pursue opportunity advances the prosperity and stability of our nation. It is why, under the leadership of President Biden and Vice President Harris, equitable access to opportunities is a cornerstone of everything we do at the U.S. Small Business Administration, and why we will remain committed to doing everything we can to support women - including millions of women entrepreneurs - and their right to make critical choices for their families and their economic futures.
"We stand with all Americans impacted by today's events and this decision."
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Original text here: https://www.sba.gov/article/2022/jun/25/statement-sba-administrator-guzman-us-supreme-court-decision-dobbs-v-jackson-womens-health
Statement by EXIM President and Chair Lewis on President Biden's Launch of the Partnership for Global Infrastructure and Investment
WASHINGTON, June 27 (TNStalk) -- The Export-Import Bank of the U.S. issued the following statement on June 26, 2022:
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Earlier today at the G7 Leaders' Summit, President Biden and fellow leaders officially launched the Partnership for Global Infrastructure and Investment (PGII), a values-driven, high-impact, and transparent infrastructure partnership that will meet the enormous infrastructure needs of low- and middle-income countries and support the United States' and its allies' economic and national security interests.
In four key sectors - health and health security, climate and energy
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WASHINGTON, June 27 (TNStalk) -- The Export-Import Bank of the U.S. issued the following statement on June 26, 2022:
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Earlier today at the G7 Leaders' Summit, President Biden and fellow leaders officially launched the Partnership for Global Infrastructure and Investment (PGII), a values-driven, high-impact, and transparent infrastructure partnership that will meet the enormous infrastructure needs of low- and middle-income countries and support the United States' and its allies' economic and national security interests.
In four key sectors - health and health security, climate and energysecurity, digital connectivity, and gender equality and equity - the United States and like-minded nations are mobilizing hundreds of billions of dollars to deliver quality, sustainable infrastructure that makes a difference in people's lives around the world, strengthens and diversifies our supply chains, creates new opportunities for American workers and businesses, and advances our national security through strategic investments. The United States aims to bring $200 billion forward over five years through leveraged private sector investments, federal financing through agencies like the Export-Import Bank of the United States (EXIM), and grants.
EXIM President and Chair Reta Jo Lewis issued the following statement in support of this new partnership:
"I am delighted that the leaders of the G7 have come together to launch this important effort. PGII will advance sustainable infrastructure development around the world while creating jobs here in America. EXIM stands ready to deliver support alongside our federal partners.
Today's global financing challenges require whole-of-government solutions and partnerships with like-minded nations that share America's commitment to high project standards, sustainability, and delivering the best goods and services available. PGII will offer developing countries a positive alternative to the kinds of infrastructure financing that sell debt traps, exploit workers, and leave recipient nations in worse conditions. It will also offer American companies and our workers new opportunities to compete and support some of the most transformative infrastructure projects around the globe.
Already, EXIM's tools and resources have supported flagship projects announced today. EXIM fills critical gaps in financing that can help crowd in private sector investors, lower risk for project participants and sponsors, and level the playing field so that American companies can compete and win fairly based on the quality of their goods and services. I look forward to continuing EXIM's leadership on this important initiative and working alongside my colleagues at sister agencies and export credit agencies in G7 nations."
To read more about PGII and flagship projects announced today, please see the White House fact sheet (https://www.whitehouse.gov/briefing-room/statements-releases/2022/06/26/fact-sheet-president-biden-and-g7-leaders-formally-launch-the-partnership-for-global-infrastructure-and-investment/) and the Presidential Memorandum (https://www.whitehouse.gov/briefing-room/presidential-actions/2022/06/26/memorandum-on-the-partnership-for-global-infrastructure-and-investment/) outlining these details.
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Original text here: https://www.exim.gov/news/statement-export-import-bank-united-states-president-and-chair-lewis-president-bidens-launch
Statement From Development Finance Corp. CEO Nathan on the Launch of the G7 Partnership for Global Infrastructure and Investment
WASHINGTON, June 27 (TNStalk) -- The U.S. International Development Finance Corp. issued the following statement by CEO Scott Nathan:
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U.S. International Development Finance Corporation (DFC) welcomes the launch of the Partnership for Global Infrastructure and Investment (PGII) at the G7 Leaders' Summit in Schloss Elmau. G7 Leaders formally launched PGII to mobilize hundreds of billions of dollars and deliver quality, sustainable infrastructure that makes a difference in people's lives around the world.
DFC's tools support PGII's goals of strengthening and diversifying supply chains, creating
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WASHINGTON, June 27 (TNStalk) -- The U.S. International Development Finance Corp. issued the following statement by CEO Scott Nathan:
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U.S. International Development Finance Corporation (DFC) welcomes the launch of the Partnership for Global Infrastructure and Investment (PGII) at the G7 Leaders' Summit in Schloss Elmau. G7 Leaders formally launched PGII to mobilize hundreds of billions of dollars and deliver quality, sustainable infrastructure that makes a difference in people's lives around the world.
DFC's tools support PGII's goals of strengthening and diversifying supply chains, creatingnew opportunities for American workers and businesses, and advancing our national security.
DFC is advancing PGII by providing financing and other support for values-driven, high-standard, and transparent infrastructure projects in less-developed countries. Alongside our partner G7 development finance institutions, DFC helps narrow the infrastructure gap in the developing world by mobilizing additional private sector investments to advance development and security.
President Biden announced new flagship projects and laid out the Administration's whole of government effort to carry out PGII. Read the White House Fact Sheet announcing U.S. government contributions to PGII to learn more about DFC projects supporting the initiative.
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Original text here: https://www.dfc.gov/media/press-releases/statement-dfc-ceo-nathan-launch-g7-partnership-global-infrastructure-and
Readout: Deputy Secretary of the Treasury Wally Adeyemo's Visit to Turkey
ANKARA, Turkey, June 27 -- The U.S. Department of the Treasury issued the following news release:
Deputy Secretary of the Treasury Wally Adeyemo traveled to Turkey on June 22-24 to engage the NATO Ally and partner on Turkish and regional economic issues, combatting terrorist financing, and Russia's war against Ukraine.
In Ankara, he met with government officials including from the Ministry of Foreign Affairs and the Ministry of Treasury and Finance.
In Istanbul, the Deputy Secretary spoke with financial institutions about Turkish economic and financial conditions, as well as implementation
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ANKARA, Turkey, June 27 -- The U.S. Department of the Treasury issued the following news release:
Deputy Secretary of the Treasury Wally Adeyemo traveled to Turkey on June 22-24 to engage the NATO Ally and partner on Turkish and regional economic issues, combatting terrorist financing, and Russia's war against Ukraine.
In Ankara, he met with government officials including from the Ministry of Foreign Affairs and the Ministry of Treasury and Finance.
In Istanbul, the Deputy Secretary spoke with financial institutions about Turkish economic and financial conditions, as well as implementationand enforcement of the unprecedented multilateral sanctions imposed on Russia for its invasion.
All parties expressed a desire to ensure that Turkey is not used as a haven for illicit financing and that the integrity of its banking sector continues to be protected.
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Original text here: https://home.treasury.gov/news/press-releases/jy0834
MCC Statement of Support for the Partnership for Global Infrastructure and Investment
WASHINGTON, June 27 (TNStalk) -- The Millennium Challenge Corp. issued the following statement on June 26, 2022:
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The Millennium Challenge Corporation (MCC) is proud to support President Biden's announcement of new flagship projects and the Administration's whole-of-government effort to execute the Partnership for Global Infrastructure and Investment (PGII).
At the 2021 G7 Summit, President Biden and G7 leaders announced their intent to develop a values-driven, high-standard, and transparent infrastructure partnership to meet the enormous infrastructure needs of low- and middle-income countries
... Show Full Article
WASHINGTON, June 27 (TNStalk) -- The Millennium Challenge Corp. issued the following statement on June 26, 2022:
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The Millennium Challenge Corporation (MCC) is proud to support President Biden's announcement of new flagship projects and the Administration's whole-of-government effort to execute the Partnership for Global Infrastructure and Investment (PGII).
At the 2021 G7 Summit, President Biden and G7 leaders announced their intent to develop a values-driven, high-standard, and transparent infrastructure partnership to meet the enormous infrastructure needs of low- and middle-income countrieswithout trapping them in cycles of debt while continuing to support the United States' and its allies' economic and national security interests.
Today, at the G7 Leaders' Summit in Schloss Elmau, leaders formally launched PGII to mobilize hundreds of billions of dollars and deliver quality, sustainable infrastructure that makes a difference in people's lives around the world, strengthens and diversifies our supply chains, creates new opportunities for American workers and businesses, and advances our national security.
MCC has an 18-year track record of delivering high-quality infrastructure projects in partnership with developing countries, which have improved the lives of millions of people in low and middle-income countries around the world, including through expanded access to clean energy, and improved water and sanitation services. Our data-driven model helps ensure MCC programs achieve tangible results to reduce poverty through inclusive and sustainable economic growth. All MCC programs are designed and implemented together with our country partners and in accordance with high standards for transparency, governance, and environmental and social performance.
MCC focuses on physical as well as institutional infrastructure, taking an approach that integrates institutional and policy reform and country ownership with large-scale infrastructure investments to ensure the long-term sustainability and impact of the agency's investments.
PGII will deliver game-changing projects to close the infrastructure gap in developing countries, strengthen the global economy and supply chains, and advance U.S. national security. MCC is a proud supporter, and we are deeply committed to continuing to work with partners around the world to strengthen their capacity to deliver improved public services, reach the poor and marginalized, and deliver economic growth that is inclusive, sustainable, and resilient to shocks.
The Millennium Challenge Corporation is an independent U.S. government development agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants that pair investments in infrastructure with policy and institutional reforms to countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights.
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Original text here: https://www.mcc.gov/news-and-events/release/pressstmt-062622-mcc-supports-pgii
Cold July Forest Restoration Project on the Payette National Forest Moves Forward
MCCALL, Idaho, June 27 -- The U.S. Department of Agriculture's U.S. Forest Service unit - Payette National Forest - issued the following news release:
Payette National Forest Supervisor Linda Jackson approved the Cold July Forest Restoration Project on the New Meadows Ranger District of the Payette National Forest. The project area is located just outside of New Meadows, Idaho in Adams County.
This decision approves the implementation of vegetation management activities and associated road related management activities across approximately 30,000 acres of the district. The project is designed
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MCCALL, Idaho, June 27 -- The U.S. Department of Agriculture's U.S. Forest Service unit - Payette National Forest - issued the following news release:
Payette National Forest Supervisor Linda Jackson approved the Cold July Forest Restoration Project on the New Meadows Ranger District of the Payette National Forest. The project area is located just outside of New Meadows, Idaho in Adams County.
This decision approves the implementation of vegetation management activities and associated road related management activities across approximately 30,000 acres of the district. The project is designedto improve the health of forest stands; increase insect and disease resiliency; reduce tree densities and fuel loadings to result in less intense fire behavior.
Once complete, the project will facilitate effective wildland fire response; and enhance habitat for the northern Idaho ground squirrel and white-headed woodpecker. The decision comes after extensive public involvement and environmental analysis over the past year.
"I want to thank members of the public who participated in the review of this project," said Linda Jackson, Payette National Forest Supervisor. "This project will further increase the resiliency of the forest in the area, promote fire adapted communities such as New Meadows, Tamarack and the Meadows Valley, and assist our firefighters in addressing wildfires that may occur in this area, while also providing for and improving wildlife habitat for two key species."
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Original text here: https://www.fs.usda.gov/detail/payette/news-events/?cid=FSEPRD1038448
