Published On: Fri, Feb 27th, 2015

Treasury Secretary Jack Lew Tells Qatar to Fight Funding for Terrorist Groups

Lew implied Qatar should prevent funds from making their way to ISIS/ISIL

Jack Lew

Treasury secretary Jack Lew met with the emir of Qatar and stressed the importance of combating financing for terrorist groups, according to Reuters.

Qatar, an ally if the U.S. told President Obama that it was committed to fighting the Islamic State or ISIS/ISIL, that controls parts of Syria and Iraq. Treasury said in a statement, “Lew expressed his hope that in the coming months the two nations can work together to take effective, lasting action to disrupt the activity of terrorist financers.”

Earlier in the month, Lew met in Istanbul with finance ministers representing the 20 leading economies. Lew said that globally, growth is too “weak and uneven” and the underlying issue is the dearth of demand. While the European banks eased a bit, even amid fears of “currency misalignment, ” what is also needed are spending and investment projects to create growth in economies, according to the Financial Times. This impacts the U.S. in particular, because the strong dollar has been hurting companies that do business abroad, and one reason for the overly high rate of the U.S. currency is the lack of balance in growth between the U.S. and other countries.

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