Power and Politics

US Secretary of Treasury, Yellen, to visit Zambia, S’Africa, Senegal


United States of America (USA) treasury  secretary Janet Yellen  is scheduled  to  travel to  Zambia ,Senegal and South Africa from January 17 through January 28,2023.

According to a detailed press guidance for Yellen’s travel to Africa issued by the US government on Saturday , she will highlight the Biden-Harris Administration’s work to deepen US-Africa economic ties by expanding trade and investment flows.

Others are promoting sustainable and inclusive economic growth following  the recent US-Africa leaders summit held last month in Washington, DC, where President Biden announced over $15 billion in two-way trade and investment commitments, deals, and partnerships.

Also read:https://www.zambiamonitor.com/president-hichilema-arrives-us-for-africa-leaders-summit/

The statement  said Yellen would  discuss the ways that the United States  was  working with African leaders to build a stronger and more resilient economy on the continent that benefits their citizens, the US and the entire world.

That includes by funding high quality infrastructure investments through the partnership for global infrastructure investment, preventing and preparing for future pandemics through the new pandemic fund, partnering to strengthen democracies and institutions against corruption, and helping African countries address debt vulnerabilities.

During her trip, the Secretary will also underscore the spillover effects of Russia’s illegal war in Ukraine, which have disproportionately hurt developing countries in Africa and globally.

“The Secretary will note the steps the U.S. has taken to boost food security, including through over $13.5 billion in assistance, a call for international financial institutions to develop and implement an Action Plan to Address Food Insecurity and new support to the International Fund for Agricultural Development and the Global Agriculture and Food Security Program.,” it stated.

On January 22, Secretary Yellen will travel to the capital , Lusaka, where  she will  visit a community health site where she will participate in a tour to highlight joint efforts to advance global health.

Yellen will visit Mylan Lab’s Lusaka distribution center, a US firm that employs 75 workers at this facility helping to distribute antimalarial and antiretroviral treatments.

She  will later  tour the facility and highlight US Africa joint efforts to promote a healthy population, improve global health security, and collaborate to prevent and prepare for future pandemics.

Secretary Yellen will then participate in a lunch with business leaders from the American Chamber of Commerce in Zambia, including a spray at the top of lunch.

After lunch, Secretary Yellen will participate in a bilateral meeting with Zambia’s  president  Hakainde Hichilema; Minister of Finance Situmbeko Musokotwane and the Governor of the Bank of Zambia, Denny Kalyalya.

“ Bilateral meetings with the President and Finance Minister will have photo sprays and brief remarks at the top for pre-approved media.The meeting between Secretary Yellen and the Central Bank Governor of Zambia Denny Kalyalya will have a photo spray but is otherwise closed to the press.”

On January 24, Secretary Yellen will tour two agricultural-related sites in Zambia and that during her visit, the Secretary will deliver remarks highlighting the work the Treasury Department and the US government  are engaged in to promote climate-resilient agriculture and food production, as well as to mitigate the global spillover effects of Russia’s  war in Ukraine.

In the evening, Secretary Yellen will travel to Pretoria, South Africa.

Key highlights as ZRA posts K6.9 billion 2022 revenue surplus

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