Remarks by Secretary of the Treasury Janet L. Yellen Ahead of Meeting with Americas Partnership for Economic Prosperity Finance Ministers

As Prepared for Delivery Good morning. Thank you for being here today and to President Goldfajn for joining us. I would like to start by congratulating you on the unanimous approval of a $3.5 billion capital increase and new business model for the IDB’s private sector arm, IDB Invest. These were key deliverables under the Americas Partnership Finance Track. As a result of the capital increase and new approach, IDB Invest will be able to better deliver long-term job creation and growth: generating over $100 billion of long-term financing to reach 2.5 million mid- and small-sized enterprises and support 9.5 million jobs.