Remarks by Deputy Secretary of the Treasury Wally Adeyemo at the 2024 Partnership for Global Infrastructure and Investment Investor Forum

As Prepared for DeliveryThank you to Bloomberg Philanthropies for hosting this second Partnership for Global Infrastructure and Investment (PGII) Investor Forum. I’m glad to be here with World Bank President Ajay Banga, my colleagues Jake Sullivan and Amos Hochstein, and with the business leaders who have helped drive progress on this partnership.Over the past three and half years, the Biden-Harris Administration has scaled up financing and policy reform work to support emerging markets and developing countries. We know many of them face pressing challenges today, from the increasing severity and frequency of climate-related events to significant debt burdens. We also know government alone cannot overcome these challenges; we need the private sector in order to bring the necessary scale of investment.That’s why, over two years ago, we launched the PGI to mobilize $600 billion for global infrastructure investments, recognizing that this moment demands wide-ranging international investment and public-private