Senior US Treasury official to visit Mla

WASHINGTON – US Deputy Treasury Secretary Neal Wolin will pay a two-day visit to Manila next week to express support for economic reforms undertaken by President Aquino administration, it was officially announced here.

A press statement by the Treasury Department said during the Jan. 11-12 visit Wolin will also meet with the administration’s economic policy team to exchange views on global and regional developments and review economic policy issues critical for boosting trade in order to support jobs and economic growth in the Philippines and United States.

The Philippines is a member of the Obama administration’s Partnership for Growth (PFG) and has undertaken important reforms to solidify its macroeconomic stability and growth prospects, the statement said.

PFG is a partnership between the United States and a select group of countries to accelerate and sustain broad-based economic growth.

A signature objective is to engage governments, the private sector and civil society with a broad range of tools to unlock new sources of investment, including domestic resources and foreign direct investment.

Before arriving in Manila, Wolin will visit Bangkok for a day for meetings with senior Thai government officials to reaffirm US support of Thai efforts to rebalance its economy and recover from unprecedented flooding.