Yellen said that the "close collaboration" between India and the US showcases how "advanced and emerging economies" can bridge political differences and make progress on shared policy objectives.
This issuance marks the first Green bond issued by a MENA Financial Institution in 2023. FAB has set a new industry standard by achieving the tightest-ever spread for a 5-year bullet conventional financial institution group deal from the MENA region.
The decision of the US Treasury Department coordinated with the Mexican government is part of the US crackdown on the flow of fentanyl and other illicit drugs from Mexico.
"I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven't changed my assessment. So I think that that's a hard deadline," Yellen said on Sunday (
The comments from Yellen provided further evidence that Biden officials are starting to warm up to the idea of bank mergers despite concerns from progressives and the administration's own scrutiny of corporate concentration.
According to a US Treasury Department release, Sundar Nagarajan acted as Nazem Said Ahmad's primary international accountant, providing material support through his management of, and accounting for, businesses in Nazem Said Ahmad's network.
Finance Minister Nirmala Sitharaman on Tuesday met with US Treasury Secretary Janet Yellen on the sidelines of the World Bank and IMF Spring Meetings 2023 in Washington.
"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.
The US Treasury and Commerce departments said they were considering a new regulatory system to address US investment in advanced technologies abroad that could pose national security risks.
During the global listening tour, he will travel to Africa, Asia, Latin America, and Europe in the coming weeks and engage with key World Bank shareholders.
Yellen, who arrived in India for the G20 Finance Ministers meeting, held a meeting with the Chief of various IT companies like Infosys Technologies Limited Nandan Nilekani, Wipro's head Rishad Premji and others in Bengaluru.
The treasury secretary said, "We are doing this by strengthening integration with our many trusted trading partners -- including India. We are seeing progress; as an example; technology companies like Apple and Google have expanded their phone production in India."