On March 22, 2016, the Secretary of the US Department of the Treasury, Mr. Jacob J. Lew, testified before the US House of Representatives’ Committee on Financial Services, where he discussed the importance of maintaining and developing relationships with international financial institutions, including the International Monetary Fund. Secretary Lew asserted that the IMF is the “foremost international institution for promoting financial stability” as well as an international institution that could serve to advance US interests through, among other things, implementing AML policies and strengthening economic surveillance. In addition, Secretary Lew advocated for increased US support for international development banks, such as the World Bank, and specialized multilateral funds, arguing that support for such institutions would promote national security and economic growth through investments in developing and emerging economies and business climate reform.

The full text of Secretary Lew’s statement is available at: https://www.treasury.gov/press-center/pressreleases/Pages/jl0394.aspx