Finance Minister Meets U.S. Treasury Secretary

June 17, 2014

Minister of Finance Dr. Ibrahim Al-Assaf met in Jeddah today with U.S. Treasury Secretary Jacob Lew.  During the meeting, Secretary Lew and Minister Al-Assaf reviewed the economic situations in Saudi Arabia and the U.S., the prospects for the global economy in light of the situations in Europe and Asia, the importance of stable global economic growth for the economic situations in the two countries, joint efforts to combat financing of terrorism, and developments in the application the U.S. Foreign Account Tax Compliance Act  (FATCA), which requires foreign financial institutions to report the identify of their U.S. account holders to the Internal Revenue Service.

« Return