President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery and Reform, Paschal Donohoe, will travel today, (Tuesday, 28 November), to the United States. The visit aims to deepen the transatlantic economic dialogue between the US and Eurogroup.
He will visit Washington, D.C. as part of his engagement with US monetary and financial authorities for a series of meetings with senior US government and Federal Reserve officials, including the Secretary of the Treasury Janet Yellen, Chair of the Federal Reserve Jerome Powell, Director of the National Economic Council Lael Brainard and Chair of the White House Council of Economic Advisers Jared Bernstein.
Discussions are expected to focus on the state of the global economy, including the European and US economic outlooks, global financial stability, Russia’s illegal war against Ukraine,and continued support for Ukraine.
While in Washington, D.C., Minister Donohoe will also meet with the U.S. Congressional Friends of Ireland Caucus.
He will also visit New York, where he will meet with investors and business leaders through engagements with the European American Chamber of Commerce and the Pennsylvania Society.
Over the course of his visit, the President of the Eurogroup will have a series of media engagements to communicate the Eurogroup’s economic and financial policy agenda to a US audience.
Speaking before his visit, Minister Donohoe commented:
“I am looking forward to engaging with US colleagues on a range of topics related to the transatlantic economic cooperation. We are key partners and friends and I put great value in our continuous dialogue as we face an ever more challenging global context. The EU-US dialogue on economic issues has been a key priority in my work as President of the Eurogroup. We have had the privilege to have Secretary Yellen as a guest at several Eurogroup meetings and I see this trip as another important opportunity to discuss the state of the global economy, the challenges we face and how we can address them in a coordinated manner.”
ENDS