{"id":248308,"date":"2023-01-26T11:12:06","date_gmt":"2023-01-26T09:12:06","guid":{"rendered":"https:\/\/www.myza.co.za\/bilateral-set-to-cement-sa-us-relations\/"},"modified":"2023-01-26T11:12:06","modified_gmt":"2023-01-26T09:12:06","slug":"bilateral-set-to-cement-sa-us-relations","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/bilateral-set-to-cement-sa-us-relations\/","title":{"rendered":"Bilateral set to cement SA-US relations"},"content":{"rendered":"
<\/div>\n

Anti-money laundering, climate financing and sovereign debt resolution in Africa are expected to top the agenda when Finance Minister, Enoch Godongwana, engages United States Secretary of Treasury, Janet Yellen, during a bilateral meeting on Thursday.<\/p>\n

Addressing media ahead of the closed meeting today, Godongwana described the bilateral as a \u201cmomentous occasion\u201d.<\/p>\n

He said there had been constructive cooperation between the two countries through the G20 and the Financial Stability Board, including making appropriate regulatory standards for the financial sector.<\/p>\n

\u201cThere has also been broader cooperation between the US and the African region,\u201d said the Minister.<\/p>\n

He said he was pleased that Yellen was at the forefront of US government leaders advancing the US administration\u2019s initiatives to bolster trade, economic and financial relations with South Africa and the African continent.<\/p>\n

\u201cThe USA ranks among South Africa\u2019s top trading partners with a diverse flow of goods, services and knowhow between the two States, serving as a critical launch pad for the development of both economies. My hope is that this may continue,\u201d said Godongwana.<\/p>\n

He said he was equally pleased by the US government\u2019s announcement on Wednesday that its Treasury and South Africa\u2019s National Treasury had agreed to form a United States\u2013South Africa Task Force on Combating the Financing of Wildlife Trafficking.<\/p>\n

\u201cI believe that Ms Yellen and I [will] have fruitful discussions today on a number of issues, including anti-money laundering and counter-financing of terrorism, climate financing, sovereign debt resolution in Africa and other global issues that are going to be part of the G20 next month,\u201d he said.<\/p>\n

Yellen was equally optimistic, saying the United States \u201cstrongly values\u201d its relationship with South Africa.<\/p>\n

\u201cThe Minister and I will discuss how multilateral development banks can better address emerging global challenges, and how that can benefit African countries, and we will discuss South Africa\u2019s role in developing the Pandemic Fund and its continued involvement.\u201d<\/p>\n

Yellen said she was also eager to hear the Minister\u2019s views on the Common Framework for debt treatment, given South Africa\u2019s membership in the G20 and its role as co-chair of Zambia\u2019s creditor committee.<\/p>\n

\u201cAnd, of course, we will discuss South Africa\u2019s economic outlook and energy sector reforms.<\/p>\n

\u201cAs you know, South Africa is the first country with a Just Energy Transition Partnership, to which the United States was proud to commit as a partner,\u201d she said.<\/p>\n

The Secretary said the partnership represents South Africa\u2019s bold first step toward expanding electricity access and reliability, and creating a low carbon and climate resilient economy, \u201ca move that I believe will alleviate the deep fiscal strain the energy sector is putting on South Africa\u2019s economy and support strong economic growth\u201d.<\/p>\n

\u201cThe partnership will also invest in the jobs of growing industries so that the transition is just and does not leave anyone behind.<\/p>\n

\u201cI have appreciated the Minister\u2019s cooperation and insightful views in our talks so far, and I look forward to our discussion today,\u201d she said.<\/p>\n

Yellen\u2019s visit to South Africa, which began on Monday and will end on Saturday, is part of her two-week tour of Africa. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Anti-money laundering, climate financing and sovereign debt resolution in Africa are expected to top the agenda when Finance Minister, Enoch Godongwana, engages United States Secretary of Treasury, Janet Yellen, during a bilateral meeting on Thursday. Addressing media ahead of the closed meeting today, Godongwana described the bilateral as a \u201cmomentous occasion\u201d. He said there had […]<\/p>\n","protected":false},"author":1,"featured_media":248309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-248308","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2023\/01\/bilateral-set-to-cement-sa-us-relations.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/248308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=248308"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/248308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/248309"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=248308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=248308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=248308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}