G-20 News

Finance Minister Lawrence Wong to visit the United States and attend G20 and World Bank and IMF meetings

SINGAPORE: Finance Minister Lawrence Wong will pay a 10-day visit to the United States starting Saturday, April 16, Singapore’s Ministry of Finance (MOF) said in a press release.

It is his first overseas trip since he was announced as Singapore’s fourth generation political leader.

Mr. Wong will travel to Washington DC and New York to meet with members of the US administration. He will also attend the World Bank and IMF Spring Meetings as well as the Second Meeting of Finance Ministers and Central Bank Governors (FMCBG) under Indonesia’s G20 Presidency in 2022.

“The FMCBG will discuss issues such as the state of the global economy; pandemic preparedness, prevention and response, and the development of sustainable finance, including transition policies towards a greener, low-carbon future,” the MOF said.

Wong has also been invited to speak on April 18 at the Peterson Institute for International Economics’ Macro Week, which is a series of talks between prominent finance ministers and central bankers from around the world.

On April 21, he will take part in the ministerial meeting of the Financial Action Task Force (FATF). The FATF is the global watchdog for money laundering and terrorist financing.

The MOF said: “At the meeting, ministers will review the progress of the FATF since it adopted its open mandate in 2019 and adopt a FATF Ministerial Declaration that will set out the strategic direction of the FATF from July 1, 2022 to July 30. June 2024″.

Singapore will assume the FATF Presidency from July 1, 2022.

Accompanied by officials from MOF and the Ministry of Home Affairs, Wong will also take the opportunity to meet with business leaders from the private sector and Singaporeans based in New York.