Press release
Minister Donohoe on official visit to Washington DC
Published on
Last updated on
Published on
Last updated on
The Minister for Finance and President of the Eurogroup Paschal Donohoe travels to Washington DC today (Wednesday) for a programme of engagements.
This will be the Minister’s first in-person visit to the US since the onset of the COVID-19 pandemic, and is an opportunity to build further on the strong bilateral relationship between Ireland, Europe and the US. Minister Donohoe hosted the US Secretary of the Treasury, Janet Yellen in Dublin last November, and has held a number of virtual and in-person engagements with representative of the US Administration and Congress over the past two years, both in his capacity as Minister for Finance and as the President of the Eurogroup.
During his visit, Minister Donohoe will meet with Secretary Yellen. This will be an opportunity to discuss the economic situation in the US, Ireland and the euro area, taking into account the response to the war in Ukraine. They will also discuss the EU economic governance review, investment, the future of digital currencies as well as the global tax reform process.
Minister Donohoe will also meet with the IMF Managing Director, Kristalina Georgieva. They will discuss the International Financial Institutions’ response to the war in Ukraine, the economic situation in the euro area, and global economic developments.
The Minister will also deliver remarks at a business lunch in Washington, where he will speak to an audience of business leaders, and the focus of his remarks will be on importance of the transatlantic relationship between the US and both Ireland and the EU, as well as the economic challenges and opportunities that lie ahead.
Speaking ahead of his departure for Washington, Minister Donohoe stated:
“We face a challenging, uncertain time as we continue to work on returning our citizens to health and our economies to growth, particularly in light of the unwarranted aggression by Russia against Ukraine. Coordinated action between international partners, both bilaterally and multilaterally, is vital in order to manage these challenges and implement policies and measures that will help people in their everyday lives."