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Turkish finance chief Şimşek meets US counterpart Yellen in Brazil

Turkish finance chief Şimşek meets US counterpart Yellen in Brazil

Treasury and Finance Minister Mehmet Şimşek and U.S. Treasury Secretary Janet Yellen met inside the scope of the G-20 finance ministers’ assembly held this week in Brazil’s Sao Paulo.

During the assembly, Şimşek was accompanied by Central Bank of the Republic of Türkiye (CBRT) Governor Fatih Karahan, in response to the info obtained by Anadolu Agency (AA).

According to the assertion made by the U.S. Treasury Department, Yellen met with Şimşek and Karahan as a part of the G-20 Finance Ministers and Central Bank Governors assembly held in Sao Paulo.

U.S. Treasury Secretary Janet Yellen shakes hands with Treasury and Finance Minister Mehmet Şimşek, Sao Paulo, Brazil, Feb. 29, 2024. (AA Photo)

U.S. Treasury Secretary Janet Yellen shakes palms with Treasury and Finance Minister Mehmet Şimşek, Sao Paulo, Brazil, Feb. 29, 2024. (AA Photo)

The conferences targeted on financial insurance policies, inequalities and sustainable improvement gathered finance ministers, deputy ministers, presidents and vice presidents of G-20 central banks in Brazil.

While the significance of bilateral relations was emphasised on the assembly, the officers additionally mentioned “how Türkiye and the United States can work together to solve important regional problems, including the fight against money laundering and the financing of terrorism and the implementation of sanctions in this context.”

“I met with Minister Mehmet Şimşek to discuss how Türkiye and the United States can work together to address crucial regional issues. I also stressed the enduring importance of our bilateral relationship,” Yellen wrote in a publish on X, previously Twitter.

Since taking the publish of finance minister following final 12 months’s elections, Şimşek got here along with Yellen on the sidelines of the G-20 finance ministers assembly in New Delhi final July.

During the gathering that can run via Friday, Şimşek was anticipated to carry a number of bilateral conferences together with his counterparts, in response to an earlier report by AA.

Since final June and the shift to extra typical policymaking, Türkiye’s prime economic system officers have held a sequence of conferences to acquaint the worldwide group with insurance policies and the brand new medium-term program concentrating on sustainable progress, unveiled final September.

Vice President Cevdet Yılmaz met with worldwide traders and fund managers in London earlier this week, sharing views on Türkiye’s 2024 outlook, macro insurance policies and funding local weather.

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