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G7 agrees to boost IMF reserves by $650b to fund pandemic relief

G7 agrees to boost IMF reserves by $650b to fund pandemic relief
Reuters/Tokyo
Filed on March 17, 2021
A close up shot shows a man holding US 100-dollar bills bearing the portrait of US statesman, inventor and diplomat Benjamin Franklin. AFP file
The increased reserves will be used to fund a package of relief measures for emerging economies hit by the Covid-19 pandemic
G7 advanced economies have agreed to boost International Monetary Fund reserves by around $650 billion through a new allocation of the fund’s special drawing rights, Japan’s Kyodo news agency reported on Wednesday.
The increased reserves will be used to fund a package of relief measures for emerging economies hit by the Covid-19 pandemic, Kyodo said. ....

International Monetary Fund , சர்வதேச பண நிதி , சர்வதேச பரவல் ,

Prince Turki launches a number of environmental initiatives

Prince Turki launches a number of environmental initiatives
March 16, 2021
Prince Turki Bin Mohammed Bin Fahd, minister of state, member of the Cabinet and chairman of the board of directors of the Imam Turki Bin Abdullah Royal Reserve Development Authority, affirmed that the leadership pays great attention to the environment and natural reserves with the aim of developing them.
Prince Turki Bin Mohammed Bin Fahd, minister of state, member of the Cabinet and chairman of the board of directors of the Imam Turki Bin Abdullah Royal Reserve Development Authority, affirmed that the leadership pays great attention to the environment and natural reserves with the aim of developing them. ....

Saudi Arabia , Ar Riya , Kingdom Of Saudi Arabia , Mohammad Ali Qurban , National Center , Environmental Security , Prince Turki Bin Mohammed Fahd , Prince Turki , Crown Prince Muhammad Bin Salman , Imam Turki , Abdullah Royal Reserve Development Authority , Special Forces , Darb Zubayda , Mohammad Ali , Imam Turki Bin Abdullah Reserve , Vegetation Cover , Combating Desertification , Saudigazette Newspaper , Saudi Sazette , Saudi Gazette , Latest News , King Salman , சவுதி அரேபியா , ஆர் ரியா , கிஂக்டம் ஆஃப் சவுதி அரேபியா , முகமது அலி குர்பன் ,

Reserve manager of the year: Bank Indonesia

Central Banking
Reserve manager of the year: Bank Indonesia
The Asian central bank stabilised the rupiah’s fall during the Covid-19 pandemic in large part due to its new macro-factor strategic asset allocation framework
Photo: Christopher Jeffery
Bank Indonesia has not only weathered the Covid-19 crisis, but done so while boosting its foreign exchange reserves to a new record high of $138 billion as of January 2021. The portfolio now represents around 12.5% of GDP, and could finance 10 months of imports – well above the international three-month minimum adequacy standard. While reserves fell in the first quarter of 2020, they remained relatively stable on an annual basis, growing as part of a long-term gradual upward trend. ....

New York , United States , Perry Warjiyo , Anastuty Kusumowardhani , Victor Mendez Barreira , Christopher Jeffery , Hariyadi Ramelan , Rudy Hutabarat , Rachael King , Alice Shen , William Towning , Joko Widodo , Dan Hardie , International Monetary Authorities Fima , International Monetary Fund , Federal Reserve Bank , Bank Indonesia , Southeast Asian , International Monetary Authorities , System Open Market , Central Banking , Reserve Benchmarks , Central Banking Awards , Daniel Hinge , Central Banking Awards 2021 , Foreign Exchange ,

Letter: Budget leadership

Print article
After I moved to a Republican Senate district a few years back, I suggested to my representatives in Juneau that they should work to pass a comprehensive approach to our budget crisis, including new revenue. Oh no, was the response from my senator, it’s too early for that, we need to cut the budget first.
OK, maybe, but after they cut it as much as they apparently could and we started spending our reserves, they still refused to do anything we’re in a recession, we can’t impose new taxes now. When Gov. Bill Walker proposed an income tax, the majority didn’t try to amend it or suggest an alternative, but simply refused to consider it. And so we went through some $15 billion in reserves. ....

United States , Bill Walker , Joe Biden , Republican Senate , Permanent Fund , Alaska Republican , President Joe Biden , Covid 19 , ஒன்றுபட்டது மாநிலங்களில் , ர சி து வாக்கர் , ஓஹோ பிடென் , குடியரசு செனட் , நிரந்தர நிதி , அலாஸ்கா குடியரசு , ப்ரெஸிடெஂட் ஓஹோ பிடென் , ர சி து ,

Bangladesh builds infrastructure fund with forex reserves

Staff Correspondent,
bdnews24.com
Published: 15 Mar 2021 04:51 PM BdST
Updated: 15 Mar 2021 10:25 PM BdST
Bangladesh has formed a new fund with a portion of forex reserves to finance infrastructure projects.
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Prime Minister Sheikh Hasina launched the fund, known as Bangladesh Infrastructure Development Fund, via video conferencing from the Ganabhaban on Monday.
The first project to be financed through BIDF is the dredging of a channel for the Payra port in southern Bangladesh. A three-way loan agreement was signed for the project in Dhaka.
Hasina said: “As a developing country, we will have to finance our own projects. We will develop our country. That is our goal. And a lot of work needs to be done to accomplish that.” ....

Sheikh Hasina , Sonali Bank Ltd , Bangladesh Infrastructure Development Fund , Prime Minister Sheikh Hasina , Finance Division , Payra Port , ஷேக் ஹசினா , சொனாலி வங்கி லிமிடெட் , பங்களாதேஷ் உள்கட்டமைப்பு வளர்ச்சி நிதி , ப்ரைம் அமைச்சர் ஷேக் ஹசினா , நிதி பிரிவு , பாயிர போர்த் , அந்நிய செலாவணி ,