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US Treasury official to visit Kuwait on Wednesday

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Panhead

Panhead
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US Treasury official to visit Kuwait on Wednesday

Meetings to be held on: Feb. 13th - Saudi Arabia, Feb. 14th - Jeddah Economic Forum, Feb. 15th - UAE, and Feb. 16th - Dubai, and Feb. 17th - Kuwait...

13 February, 2010

US Treasury official to visit Kuwait on Wednesday

US Deputy Treasury Secretary Neal Wolin will visit Kuwait next week to discuss the global response to the economic crisis, it was announced here late on Friday.

Wolin will arrive to Kuwait on Wednesday, February 17, for meetings with senior officials including Minister of Finance Mustafa Al-Shamali, Central Bank Governor Sheikh Salem Abdulaziz Al-Sabah, Kuwait Investment Authority Managing Director Bader Al-Saad, and Economic Advisor to the Amir Dr. Yousef Al-Ibrahim "to discuss the global response to the economic crisis, efforts to reform the financial system, and the importance of combating terrorist financing," said the Treasury Department in a statement.

This is part of a tour in Gulf Countries Council (GCC) that will take him to Saudi Arabia and United Arab Emirates.

Wolin will arrive on Saturday, February 13, in Riyadh for meetings with Saudi Finance Minister Ibrahim Al-Assaf and Saudi Arabia Monetary Agency (SAMA) Governor Muhammad Al-Jasser where he "will discuss issues highlighted in the G-20, including the commitment to developing a framework for strong, sustainable, and balanced growth and the continued need for international financial reform ...before heading on February 14 to Jeddah to deliver remarks at the Jeddah Economic Forum during the "Global Economic Governance after the Crisis" session.

"The architecture of global economic governance has shifted. The narrow, exclusive structure that defined the last half-century has given way to a more diverse, more inclusive architecture. We have moved, one might say, from the tower to the tent.

And the importance of coordinated international action within this broad system of global economic governance is clearer today than at any time in recent memory. As a result of this shift, I believe that we now have a better potential to confront the most difficult economic challenges facing the world today," said Wolin in the statement.

On Monday, February 15, Deputy Secretary Wolin will be in Abu Dhabi to meet with UAE Central Bank Governor Sultan bin Nasser Al-Suweidi and with officials from the Ministry of Foreign Trade, including Sheikha Lubna Al-Qasimi, and officials from the Foreign Ministry, and will also visit the Abu Dhabi Investment Authority (ADIA) and the Abu Dhabi Investment Council (ADIC) for meetings.

Wolin will hold a roundtable discussion "focused on empowering young Emirati men and women to pursue meaningful private sector employment opportunities that deliver long term contributions to the economic growth and enterprise base of the country.

The Deputy Secretary will be joined by representatives from leading Abu Dhabi organizations spearheading initiatives to create such opportunities." Moving to Dubai on February 16, Wolin will meet with senior officials including Minister of Cabinet Affairs Mohammed Al-Gergawi, Chairman of Emirates Airlines and head of Dubai Supreme Fiscal Committee Ahmed bin Saeed, CEO of the Investment Corporation of Dubai Mohammed Al-Shaibani, and Governor of the Dubai International Financial Centre Ahmed Al-Tayer.

In collaboration with the Dubai School of Government, Wolin will host a discussion for students, research fellows, young alumni, entrepreneurs, and members of Young Arab Leaders on the state of the global economy in the wake of the financial crisis and the importance of cooperation between the US and the Arab world.

kuwait news agency

Neal Wolin - US Deputy Treasury Secretary

You- Tube:
https://www.youtube.com/watch?v=Nwt6IaywFiU

Guest


Guest

Last time a FED guy went over there it was Paulson getting the GCC to buy the "debt" of the USA........interesting timing of Wolin going over there.

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