The Treasury Department today released the following statement from Treasury Secretary Henry M. Paulson, Jr. following his meeting with the semi-annual plenary of the Bank Secrecy Act Advisory Group (BSAAG).

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Washington --
The Treasury Department named James H. Lambright this week to serve as the interim Chief Investment Officer for the Troubled Asset Relief Program authorized by Congress earlier this month.


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Washington, DC--The U.S. Department of the Treasury today designated the Export Development Bank of Iran (EDBI) pursuant to Executive Order 13382 for providing or attempting to provide financial services to Iran's Ministry of Defense and Armed Forces Logistics (MODAFL).

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Financial Turmoil and the Global Economy

Hong Kong –
These are unprecedented and difficult times for the global economy. The world's financial market conditions are severely strained, and risks to the global growth are significant. The largest advanced economies are feeling this most acutely. In the United States, our financial markets are experiencing unprecedented challenges, and this is adding even greater pressure to our already slowing economy.


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Washington, DC--The Governments of the United States of America and the Republic of Peru have announced an agreement to reduce Peru's debt payments to the United States by more than $25 million over the next seven years. In return, the Government of Peru has committed these funds to support grants to protect the country's tropical forests.

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