Financial support – Salon Du Chocolat Cannes http://salonduchocolat-cannes.com/ Tue, 17 May 2022 20:51:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://salonduchocolat-cannes.com/wp-content/uploads/2021/07/icon-7-1.png Financial support – Salon Du Chocolat Cannes http://salonduchocolat-cannes.com/ 32 32 Council to vote on financial support package for residents living near ‘putrid’ factory https://salonduchocolat-cannes.com/council-to-vote-on-financial-support-package-for-residents-living-near-putrid-factory/ Tue, 17 May 2022 20:40:41 +0000 https://salonduchocolat-cannes.com/council-to-vote-on-financial-support-package-for-residents-living-near-putrid-factory/ Councilors in Christchurch will vote on a financial support package for residents directly affected by the stench emanating from the fire-damaged sewage treatment plant in Bromley at a council meeting on Thursday. A briefing was provided by council staff on Tuesday following urgent discussions with partner agencies about what the council could provide to the […]]]>

Councilors in Christchurch will vote on a financial support package for residents directly affected by the stench emanating from the fire-damaged sewage treatment plant in Bromley at a council meeting on Thursday.

A briefing was provided by council staff on Tuesday following urgent discussions with partner agencies about what the council could provide to the affected community – and how quickly it can be done.

It comes after angry residents staged a crowded public meeting on Friday night to demand action against the appalling stench they have had to endure since the sewage treatment plant caught fire last year.

Mayor Lianne Dalziel has profusely apologized to residents of the Bromley Community Hall.

She told John MacDonald on NewstalkZB that the advice “completely screwed up”.

The stench cast a veil over the city depending on which direction the wind was blowing and was described as “putrid” and “sickening”.

Dalziel admitted that there were days when the pong was “totally overwhelming”. Some residents said they couldn’t sleep or open their windows.

Dalziel said residents living near the plant were the most affected by the stench.

“If you can smell it in Ilam, you can imagine what it’s like in Bromley,” she said.

“They told us their electricity bills have gone up because they use dehumidifiers and fans all the time because they can’t leave their windows open,” Dalziel said.

Dalziel agreed that given the exceptional circumstances and the additional costs the residents have incurred, “it is appropriate that they receive financial assistance from the council.”

“Advisors have indicated that they want to make support available to households in the immediate vicinity of the plant.

“We want to make this support available as quickly as possible. We also want to make it easy for residents to access the support they need. That’s why we’re working in partnership with existing community and government agencies,” said Dalziel.

A demolition crew has moved the equipment to the site and will begin the task of scooping up decaying materials inside the processing plant next month.

An update on the situation will be provided to the Finance and Performance Committee on Thursday and will seek Council’s vote of approval on the funding and support program for the affected community.

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PM proposes more US financial support for clean energy and climate change response | Business https://salonduchocolat-cannes.com/pm-proposes-more-us-financial-support-for-clean-energy-and-climate-change-response-business/ Fri, 13 May 2022 00:21:00 +0000 https://salonduchocolat-cannes.com/pm-proposes-more-us-financial-support-for-clean-energy-and-climate-change-response-business/ Hanoi (VNA) – Prime Minister Pham Minh Chinh had a meeting with Director General of the US International Development Finance Corporation (DFC) Scott A. Nathan on May 12 (US time) as part of his trip to the United States. United. During the talks, Prime Minister Chinh suggested that based on the positive cooperation results achieved […]]]>
Hanoi (VNA) – Prime Minister Pham Minh Chinh had a meeting with Director General of the US International Development Finance Corporation (DFC) Scott A. Nathan on May 12 (US time) as part of his trip to the United States. United.

During the talks, Prime Minister Chinh suggested that based on the positive cooperation results achieved so far, DFC will continue to support Vietnam in areas such as green transition, circular economy, energy renewables, the response to climate change, digital transformation and the fight against climate change.
aftermath of war – including the consequences of Agent Orange and the search for the remains of the martyrs, as well as the promotion of development in the new period.

The Vietnamese prime minister also offered to promote cooperation in the sustainable development of the Mekong River against the backdrop of rising sea levels, to improve the material and spiritual lives of people in the region.

Along with existing mechanisms, the Prime Minister hoped that the two sides will explore and implement new cooperation mechanisms with countries in the region, including financial incentives in infrastructure development.

Prime Minister Pham Minh Chinh (R) meets with US International Development Finance Corporation (DFC) CEO Scott A. Nathan on May 12 (US time) as part of his trip to the United States (Photo: VNA)

Vietnam is a developing country that still has to deal with the lasting consequences of war, and it would benefit from DFC’s provisions for loans at preferential interest rates and flexible procedures – including financial incentives for small and medium-sized enterprises, PM Chinh mentioned.

He said both sides should choose key projects with a “ripple effect”, such as regional connectivity projects, to help achieve the greatest efficiency of capital employed.

Appreciating the potential and prospects of economic cooperation with Vietnam, the CEO of DFC said that many cooperation projects between the two sides have been carried out very efficiently and in the coming times, DFC is looking forward to promote cooperation in the areas of climate change response, renewable energy, development of the Mekong region and financing inclusive development.

On this occasion, Prime Minister Chinh attended the presentation of the DFC grant worth 70 million USD to Fulbright University in Vietnam./.

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Resumption of IMF financial support opens up good prospects for Mozambique: minister https://salonduchocolat-cannes.com/resumption-of-imf-financial-support-opens-up-good-prospects-for-mozambique-minister/ Thu, 12 May 2022 01:09:43 +0000 https://salonduchocolat-cannes.com/resumption-of-imf-financial-support-opens-up-good-prospects-for-mozambique-minister/ IMF The recent decision by the International Monetary Fund (IMF) to approve a $470 million aid package and resume direct budget support to Mozambique opens up good prospects for the country’s development process, the radio reported on Tuesday. Mozambican Public Service (RM). . The remarks were made by Economy and Finance Minister Max Tonela, who […]]]>

IMF

The recent decision by the International Monetary Fund (IMF) to approve a $470 million aid package and resume direct budget support to Mozambique opens up good prospects for the country’s development process, the radio reported on Tuesday. Mozambican Public Service (RM). .

The remarks were made by Economy and Finance Minister Max Tonela, who told RM during his visit to Washington DC that the move represents an important step in the country’s relationship with the international financial market.

“With this program, we will also obtain additional resources for the financing of the economy, not only the resources that are in the agreement financed by the Fund, but will also open the window of financing opportunities for other partners” , RM said quoting Tonela.

The minister revealed that the World Bank will directly support the state budget soon with a US$300 million package later this year.

“We are also in the process of mobilizing several partners who needed this signal to formalize the support we have in our portfolio,” he said.

Implementation of the three-year program will begin in June, with improving public debt management and macro-economic, fiscal and structural reforms as priorities, according to the report.

The IMF’s decision to resume direct support to the Mozambican state budget came six years after it was suspended due to the ‘hidden debt’ scandal.

In 2016, the Mozambican government revealed that it had taken out loans of more than two billion US dollars in 2013 and 2014 for three state-owned security-related companies without informing parliament and international donors, which led to the suspension of IMF aid. and most donors in the country. Final article

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Codissia calls for more financial support for MSMEs https://salonduchocolat-cannes.com/codissia-calls-for-more-financial-support-for-msmes/ Tue, 10 May 2022 11:55:00 +0000 https://salonduchocolat-cannes.com/codissia-calls-for-more-financial-support-for-msmes/ It seeks to create a separate committee to study and set parameters for MSMEs so that they have easy access to funds It seeks to create a separate committee to study and set parameters for MSMEs so that they have easy access to funds The Coimbatore District Small Industries Association (Codissia) has demanded the increase […]]]>

It seeks to create a separate committee to study and set parameters for MSMEs so that they have easy access to funds

It seeks to create a separate committee to study and set parameters for MSMEs so that they have easy access to funds

The Coimbatore District Small Industries Association (Codissia) has demanded the increase of the upper limit of automatic unsecured loans for micro, small and medium enterprises (MSMEs) so that the units obtain funds for operational liabilities and to restart businesses.

In a representation to Union Finance Minister Nirmala Sitharaman here on Monday, Association Chairman MV Ramesh Babu said a separate committee should be formed to study and define parameters for MSMEs so that they have easy access to funds. Lending institutions insisted on high credit ratings and security guarantees, which many small borrowers did not have. Without the knowledge of digital lending channels, MSMEs spent more resources responding to complex eligibility factors and completing paperwork. These have caused further delays in securing funding and cash, he said.

The monetary margin for micro and small enterprises should be set at 10% and loan processing fees should be abolished.

Mr. Ramesh Babu pointed out that Coimbatore is a manufacturing hub, made up of a large number of MSMEs who manufacture pumps, motors, compressors, textiles, wet mills, etc. Despite several requests submitted by industry bodies asking the government to control the rise in prices of all raw materials, this issue had not been resolved. The situation was getting worse every day and industries were facing problems such as cancellation of orders, uncertainty in consumption and falling exports.

The MSME sector accounted for 48% of India’s exports and all export earnings came from value-added finished products. The countries imported Indian steel at a relatively lower price and competed with the finished products produced by Indian MSMEs. The Association demanded an immediate ban on the export of all raw materials to facilitate domestic sourcing and control rising prices and implement a zero import duty rate so that MSMEs can import the materials firsts,” Mr. Ramesh Babu said in the memorandum.

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MSFDS: Financial support poured in for Manipur documentary filmmakers https://salonduchocolat-cannes.com/msfds-financial-support-poured-in-for-manipur-documentary-filmmakers/ Sun, 08 May 2022 05:02:00 +0000 https://salonduchocolat-cannes.com/msfds-financial-support-poured-in-for-manipur-documentary-filmmakers/ The curtains fell on the 4th edition of the Documentor Imphal Series jointly organized by the Manipur State Film Development Society (MSFDS) and the Documentary Resource Initiative (DRI) on Saturday, April 7 with a simple cash prize giveaway where a total of Rs 8 lakhs were given to 8 documentarians. Beyond the Trials, a documentary […]]]>
The curtains fell on the 4th edition of the Documentor Imphal Series jointly organized by the Manipur State Film Development Society (MSFDS) and the Documentary Resource Initiative (DRI) on Saturday, April 7 with a simple cash prize giveaway where a total of Rs 8 lakhs were given to 8 documentarians.

Beyond the Trials, a documentary film project on extreme sports as an expression of freedom by Khaba Maimon, was awarded Best Project with the highest honor of Rs. 2.5 lakhs, At the Crossroads on issues facing the state regarding the transition from Bengali script to Meitei Mayek by James Khangenbam and Battlefield Imphal were awarded Promisingly Culturally Engagement Project and Promisingly Socially Engagement Project respectively with cash awards of Rs 1.5 lakhs each. Five other documentary film projects – Andro Dreams (Meena Longjam), Anonymous Dance (Tushar Nongthombam), Eche Sharmila (Manoj Kshetrimayum), Bidyapati -The Lady Everest Summiter (Paonam Birjeet) and We are the Water (Grace Rephung L) have also been awarded. cash rewards for developing projects in the amount of Rs 50,000 each.

The entrepreneurs who jointly supported the projects are Dr. Thangjam Dhabali, Wahengbam Braja, Konica Khuraijam and Radhesyam Oinam.

The Manipur State Film Development Society (MSFDS) said it was for the very first time in the history of documentary film funding in the country where local entrepreneurs who had no technical background in filmmaking came forward to support local documentary filmmakers, to help them realize their dream documentary projects by hiring Rs 8 lakhs to make the documentary films developed during the 5-day incubation and mentoring lab called Documentor Imphal, jointly organized by MSFDS and DRI Kolkata. Four renowned documentary film mentors from India initiated the documentary projects in which eight documentary film projects and 8 observers participated.

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Urgent financial aid of 2 billion euros for Ukrainian refugees in Europe https://salonduchocolat-cannes.com/urgent-financial-aid-of-2-billion-euros-for-ukrainian-refugees-in-europe/ Fri, 06 May 2022 11:37:53 +0000 https://salonduchocolat-cannes.com/urgent-financial-aid-of-2-billion-euros-for-ukrainian-refugees-in-europe/ The European Union National Development Banks and Institutions and the European Investment Bank today launched the EUR 2 billion Rapid Response Initiative — Support for Ukrainian Refugees in Europe. The joint initiative aims to provide immediate assistance to refugees fleeing the war in Ukraine this year and to promote the rapid and humane integration of […]]]>

The European Union National Development Banks and Institutions and the European Investment Bank today launched the EUR 2 billion Rapid Response Initiative — Support for Ukrainian Refugees in Europe. The joint initiative aims to provide immediate assistance to refugees fleeing the war in Ukraine this year and to promote the rapid and humane integration of Ukrainian refugees in EU Member States.

Following their March 11 joint statement, five European national development banks and institutions, the European Investment Bank (EIB) and the European Association of Long-Term Investors (ELTI) launched the initiative today in Paris as a rapid response to support EU Member States hosting Ukrainian refugees. Participants in the initiative will contribute directly or indirectly through their respective mainstream programs alongside regional and local communities to provide housing for refugees and support their integration into local communities. The initiative could also fund education, health and infrastructure needs and aims for at least €2 billion in financial support this year.

The Urgent Support Initiative in Europe is a first step as the group considers new measures to help member states cope with the impact of Russia’s invasion of Ukraine.

The five national promotion institutions involved are:

  • Bank Gospodarstwa Krajowego (BGK — Poland)
  • Caisse des Dépôts Group (CDC — France)
  • Cassa Depositi e Prestiti (CDP — Italy)
  • Instituto de Crédito Oficial (ICO — Spain)
  • Kreditanstalt für Wiederaufbau (KfW — Germany)

ELTI is the European association of national public development banks and financial institutions with 31 members across Europe.

The European Investment Bank is the European Union’s long-term lending institution owned by its Member States. It makes long-term finance available for sound investments to help achieve EU policy objectives.

Participating institutions pool their expertise, experience and financial capacity to better support the implementation of projects and initiatives promoting the integration of refugees in Europe. The Pan-European Support Initiative for Ukraine will provide loans, grants, equity investments and guarantees for eligible projects and develop innovative financing structures for public and private infrastructure, municipalities as well as private companies in different sizes.

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City council candidates challenge Jennifer Wilson’s financial support of the firefighters’ association https://salonduchocolat-cannes.com/city-council-candidates-challenge-jennifer-wilsons-financial-support-of-the-firefighters-association/ Wed, 04 May 2022 02:02:00 +0000 https://salonduchocolat-cannes.com/city-council-candidates-challenge-jennifer-wilsons-financial-support-of-the-firefighters-association/ LUBBOCK, Texas (KCBD) — Several candidates for city council are concerned about their opponent, Dr. Jennifer Wilson, and her ties to the Lubbock Professional Firefighters Association. All four District 5 candidates except Wilson: incumbent Randy Christian, Chase Head, Keri Thomas and Bill Felton say they are worried about the association’s political spending to support Wilson. […]]]>

LUBBOCK, Texas (KCBD) — Several candidates for city council are concerned about their opponent, Dr. Jennifer Wilson, and her ties to the Lubbock Professional Firefighters Association. All four District 5 candidates except Wilson: incumbent Randy Christian, Chase Head, Keri Thomas and Bill Felton say they are worried about the association’s political spending to support Wilson.

At a joint press conference Tuesday morning at the Lubbock Cotton Exchange, the candidates voiced their grievances against their competitor. Christian says it was the result of a dialogue on Facebook. He posed this question to his social media friends: “Is city council candidate Dr Jennifer Wilson bought and paid for by a union?

“Is it a sour grape? Or is it because of the prediction that I might lose my council seat? I let you think what you want. Even the idea of ​​a special interest group like a union virtually holding a seat on city council is far more important than my re-election,” Christian said. “All of our firefighters, all of our first responders will always have my respect, gratitude and support. It’s a runaway union that’s being pressured by state and national leaders to become more politically involved at the local level, and maybe even try to take control of city hall.

Campaign finance records show that the Lubbock Professional Firefighters Association contributed $41,000 directly to Dr. Wilson’s campaign. Her opponents say she also spent nearly double that amount on other campaign materials paid directly by the association to support Wilson, totaling more than $120,000.

Christian also calls Dr. Wilson a compromised candidate, as her husband Nick Wilson is deputy chief of Lubbock Fire Rescue. Christian says it’s likely he’ll be the next leader. He says that on numerous occasions Wilson has said she will not recuse herself on fire department matters on city council. According to Texas ethics law, she is not legally required to do so unless it directly relates to her husband’s salary, compensation, or promotions.

“Did you need a lawyer to tell you that it might not be a good idea not to recuse you?” I believe the people of District 5 in the city could give you very different advice than this attorney. The fact that Dr. Wilson is married to a deputy leader is a big deal and voters have a right to know that fact, and others,” Christian said.

At the press conference, the candidates made it clear that they were not accusing Wilson of anything illegal. Head says he worries about financial deception. He says contributions made to support Wilson through advocacy spending don’t show up in his campaign finance reports, making them harder to find.

“That makes it one of the most expensive campaigns in Lubbock history, if not the most expensive for a Lubbock City Council race,” Head said. “I think voters in District 5 need to know that there is a conflict of interest that already exists there. And then you see those exorbitant numbers being spent on that, I think that’s something every voter needs to know.

In a response, Wilson says the policy of personal destruction has no place in Lubbock. She calls the accusations false and an attempt to smear her reputation in a competitive election. She writes: “Let’s be clear, I make no apologies for the many good people who support my campaign. I take very seriously an attack directed at our first responders and the idea that their voices should be silenced.

The firefighters association posted several times on its Facebook page, writing that it was setting the record straight. Responding to why the association issues endorsements, the statement reads: “As long as politicians and their employees affect fire service operations and support, they will advocate for a strong fire service, financial responsibility and adherence to national safety standards.” The group has also stated that it is not a special interest group. These posts also showed support for Tray Payne for mayor and Christy Martinez-Garcia for District 1.

Head says some of the firefighters’ PAC spending went to candidates for other races, but that doesn’t compare to what was paid to support Wilson.

Thomas says she appreciates the Lubbock firefighters, but an entity with too much power is hurting the electoral process. She says that in the past, city council campaigns ranged from $35,000 to $75,000. She says that amount of money is not illegal, but it looks like the fire association is trying to buy a seat.

“There’s no way we the people, all the ordinary people who want to serve their city can compete with a big union’s big slot machine. I fear Lubbock will end up like New York, Chicago or Detroit, where the unions have a stranglehold on the selection and selection of future candidates,” she said.

Read Dr. Jennifer Wilson’s full statement here:

Dr. Jennifer Wilson, accused by the Association of Professional Firefighters of Lubbock of buying a seat on the city council.(KCBD)

You can read the response from the Lubbock Professional Firefighters Association here:

“Your firefighters in Lubbock are encouraged by the strong interest in our local elections. We also need to set the record straight on an important issue. Some ask why firefighters support election candidates. The answer is simple: as long as politicians and their employees affect the operations and support of our fire service, we will advocate for a strong fire service, fiscal responsibility and adherence to national safety standards. We support candidates from all political backgrounds. All local candidates are invited to meet with us. Some decline. Many accept. Raising awareness of public safety issues in politics costs money, of course. Because we believe so much in political action, our members pay for this activity out of pocket. No membership fees ever go to political campaigns. We are not a special interest group. Our interest is public safety and the safety of our members. We pride ourselves on providing excellent service, being good stewards of the city’s resources and giving back to the community. Thank you for your support.”

Copyright 2022 KCBD. All rights reserved.

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Cash-strapped Pakistan receives $8 billion in financial aid from Saudi Arabia: The Tribune India https://salonduchocolat-cannes.com/cash-strapped-pakistan-receives-8-billion-in-financial-aid-from-saudi-arabia-the-tribune-india/ Sun, 01 May 2022 09:42:00 +0000 https://salonduchocolat-cannes.com/cash-strapped-pakistan-receives-8-billion-in-financial-aid-from-saudi-arabia-the-tribune-india/ PTI Islamabad, May 1 Saudi Arabia has agreed to provide Pakistan with a “significant package” of around $8 billion to help the cash-strapped country bolster its dwindling foreign exchange reserves and revive its struggling economy, a report said on Sunday. media. Pakistan faces growing economic challenges, with high inflation, dwindling foreign exchange reserves, […]]]>


PTI

Islamabad, May 1

Saudi Arabia has agreed to provide Pakistan with a “significant package” of around $8 billion to help the cash-strapped country bolster its dwindling foreign exchange reserves and revive its struggling economy, a report said on Sunday. media.

Pakistan faces growing economic challenges, with high inflation, dwindling foreign exchange reserves, a growing current account deficit and a depreciating currency.

Pakistan secured the deal during Prime Minister Shehbaz Sharif’s visit to Saudi Arabia. The financial package includes the doubling of the oil financing facility, additional funds in the form of deposits or Sukuks and the renewal of existing facilities by $4.2 billion, The News newspaper reported.

“However, the technical details are being worked out and it will take a few weeks for all the documents to be ready,” the report said, citing key official sources familiar with the development.

Prime Minister Sharif and his official entourage have left Saudi Arabia but Finance Minister Miftah Ismail is still in the Gulf country to finalize the terms of the financial package.

“I have just said goodbye to Prime Minister Shehbaz Sharif and other colleagues at Jeddah Airport, who are on their way to Islamabad after a brief stopover in Abu Dhabi to meet Crown Prince Muhammad Bin Zayed. I remain in South Africa to meet with Saudi officials and begin talks at the technical level,” Ismail said in a tweet.

Pakistan had offered to double the oil facility from $1.2 billion to $2.4 billion and Saudi Arabia agreed. It was also agreed that existing deposits of $3 billion would be rolled over for an extended period until June 2023, according to an official.

“Pakistan and Saudi Arabia have discussed an additional package of over $2 billion either through deposits or through Sukuk and it is likely that more money will be provided to Islamabad” , the report says, adding that the size of the total package will be determined when the extra money is finalized.

Saudi Arabia provided $3 billion in deposits to the State Bank of Pakistan in December 2021, while the Saudi Petroleum Facility was commissioned from March 2022, providing Pakistan with $100 million for get oil.

The oil-rich Gulf nation provided a $7.5 billion package to Pakistan during the last term of the PML-N government (2013-18). Under the PTI-led regime led by former Prime Minister Imran Khan, Saudi Arabia provided a $4.2 billion package, including $3 billion in deposits and a $1.2 billion oil facility of dollars for a year and tied it to the IMF program.

Saudi Arabia has provided an improved financial package to Pakistan as its economy is in dire straits and the country faces a balance of payments crisis. The country’s foreign exchange reserves have been depleted by $6 billion in the past six to seven weeks and plunged to $10.5 billion.

With the current account deficit increasing to $13.2 billion in the first nine months and pressing demands for repayment of external loans, Pakistan needs $9-12 billion in financial assistance until in June 2022 to avoid further depletion of foreign exchange reserves.

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Cash-strapped Pakistan receives $8 billion in financial aid from Saudi Arabia https://salonduchocolat-cannes.com/cash-strapped-pakistan-receives-8-billion-in-financial-aid-from-saudi-arabia/ Sun, 01 May 2022 09:40:00 +0000 https://salonduchocolat-cannes.com/cash-strapped-pakistan-receives-8-billion-in-financial-aid-from-saudi-arabia/ Pakistan faces mounting economic challenges, with high inflation, dwindling foreign exchange reserves, widening current account deficit and depreciating currency Pakistan faces mounting economic challenges, with high inflation, dwindling foreign exchange reserves, widening current account deficit and depreciating currency Saudi Arabia has agreed to provide Pakistan with a “significant package” of around $8 billion to help […]]]>

Pakistan faces mounting economic challenges, with high inflation, dwindling foreign exchange reserves, widening current account deficit and depreciating currency

Pakistan faces mounting economic challenges, with high inflation, dwindling foreign exchange reserves, widening current account deficit and depreciating currency

Saudi Arabia has agreed to provide Pakistan with a “significant package” of around $8 billion to help the cash-strapped country bolster its dwindling foreign exchange reserves and revive its struggling economy, a report said on Sunday. media.

Pakistan faces growing economic challenges, with high inflation, dwindling foreign exchange reserves, a growing current account deficit and a depreciating currency.

Pakistan secured the deal during Prime Minister Shehbaz Sharif’s visit to Saudi Arabia. The financial package includes the doubling of the oil financing facility, additional funds in the form of deposits or Sukuks and the renewal of existing facilities by $4.2 billion, The news reports the newspaper.

“However, the technical details are being worked out and it will take a few weeks for all the documents to be ready,” the report said, citing senior official sources familiar with the development.

Prime Minister Sharif and his official entourage have left Saudi Arabia but Finance Minister Miftah Ismail is still in the Gulf country to finalize the terms of the financial package.

“I have just said goodbye to Prime Minister Shehbaz Sharif and other colleagues at Jeddah airport, who are on their way to Islamabad after a brief stopover in Abu Dhabi to meet Crown Prince Muhammad Bin Zayed. I remain in South Africa to meet with Saudi officials and begin technical-level talks,” Mr. Ismail said in a tweet.

Pakistan had offered to double the oil facility from $1.2 billion to $2.4 billion and Saudi Arabia agreed. It was also agreed that existing deposits of $3 billion would be rolled over for an extended period until June 2023, according to an official.

“Pakistan and Saudi Arabia have discussed an additional package of over $2 billion either through deposits or through Sukuk and it is likely that more money will be provided to Islamabad” , the report says, adding that the size of the total package will be determined when the additional amount of money is finalized.

Saudi Arabia provided $3 billion in deposits to the State Bank of Pakistan in December 2021, while the Saudi Petroleum Facility was operational from March 2022, providing Pakistan with $100 million to procure petrol.

The oil-rich Gulf nation provided a $7.5 billion package to Pakistan during the last term of the PML-N government (2013-18). Under the PTI-led regime led by former Prime Minister Imran Khan, Saudi Arabia provided a $4.2 billion package, including $3 billion in deposits and a $1.2 billion oil facility. of dollars for a year and tied it to the IMF program.

Saudi Arabia has provided an improved financial package to Pakistan as its economy is in dire straits and the country faces a balance of payments crisis. The country’s foreign exchange reserves have been depleted by $6 billion in the past six to seven weeks and have fallen to $10.5 billion.

With the current account deficit increasing to $13.2 billion in the first nine months and pressing demands for repayment of external loans, Pakistan needs $9-12 billion in financial assistance until in June 2022 to avoid further depletion of foreign currency reserves.

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Financial literacy is so critical, from saving money to paying off debt https://salonduchocolat-cannes.com/financial-literacy-is-so-critical-from-saving-money-to-paying-off-debt/ Fri, 29 Apr 2022 04:33:59 +0000 https://salonduchocolat-cannes.com/?p=1843 Knowledge is essential if you want to be financially successful. For that reason it is very important to know this GreenDayOnline credit card url and to use it when you are in need. A large percentage of the population is uninformed about personal finance. Everything from the quantity of savings to the amount of debt […]]]>

Knowledge is essential if you want to be financially successful. For that reason it is very important to know this GreenDayOnline credit card url and to use it when you are in need.

A large percentage of the population is uninformed about personal finance. Everything from the quantity of savings to the amount of debt outstanding might be affected by this.

Many people are in dire circumstances. A poll indicated that more than half of Americans couldn’t pay a $1,000 emergency bill with savings in January. According to Salary Finance, over 20% of workers run out of money before their next paycheck. That’s an increase over the previous year’s 15%.

According to NFL linebacker Brandon Copeland’s finance class at the University of Pennsylvania, “financial literacy may help Americans feel more secure about their choices every day.”

To anticipate success in anything, one must first comprehend the rules and parameters of that game,” he said. Understanding money and how it works is a similar situation.”

Creating a Positive Routine

As a result of the Covid-19 outbreak and subsequent inflation, the typical U.S. family is paying an extra $296 per month, according to a Moody’s Analytics review of the situation.

According to the Council for Economic Education’s president and CEO, Nan Morrison, there is always something that might disturb your life.

“Making a choice in the moment isn’t really that useful,” she added. “There are many elements that may affect your income or the world around us.”

According to NFL linebacker Brandon Copeland’s finance class at the University of Pennsylvania, “financial literacy may help Americans feel more secure about their choices every day.”

To anticipate success in anything, one must first comprehend the rules and parameters of that game,” he said. Understanding money and how it works is a similar situation.”

Investing and saving

When it comes to investing, knowledge is also a powerful tool. Cathy Curtis, founder, and CEO of Curtis Financial Planning in Oakland, California, says that although trading meme stocks and cryptocurrencies have grown in popularity, it’s crucial to remember that investing for the long term is key to your financial health.

Her new hairdresser confessed to her his nervousness about money and his concerns about ensuring financial security for his family, and she advised him on this. While the stylist was in his 40s, he had no retirement funds or life insurance and had invested in a fintech firm shares and cryptocurrency using a popular trading app.

A bleak financial future for many Americans due to a lack of fundamental financial education on things like compound interest, the many kinds of savings accounts and retirement accounts accessible, and the need to save early.

Enhancing Interpersonal Connections

Money is an issue that may divide couples. Conflicts may arise when money is mismanaged, or there is a disagreement over how to spend it.

A lack of financial literacy in a pair may lead to numerous financial mistakes, says Dr. George James, chief innovation officer and senior staff therapist at the nonprofit Council for Relationships. “Many couples struggle to communicate about money.”

According to the author’s conclusion, financial knowledge may help couples plan for the future and stay on the same page. When it comes to reducing conflict, it may also help.

Instructing students about personal finance topics in the classroom

In the opinion of advocates, young age is the best time to develop practical money management skills, and school is the best location to do it.

According to the Council for Economic Education, twenty-five states mandate students in high school to complete a personal finance curriculum, either as a stand-alone subject or as part of another course. Last week, Florida became the latest state to enact legislation requiring students to take a course as part of their graduation requirements.

According to Next Gen Personal Finance’s bill tracker, 46 personal finance legislation are now pending in 21 states.

Advocates claim that several research shows the benefits of this training. Payday loans are less likely to be used by young people who have this policy in place, and wealth-building by the age of 25 is associated with it favorably.

A three-year improvement in credit scores is graphically shown in the bar chart below. Texas has made the most significant progress, with a 5.2% increase.

Another research compares three states that enforced personal finance education to three states that did not show that credit results improved in the compulsory states. All three states witnessed a decrease in serious delinquency rates and an increase in credit ratings three years after education was introduced.

Next-Gen Personal Finance director of educational outreach Yanely Espinal believes that schools are the great equalizer.

We have a chance to ensure that all pupils, regardless of their zip code, their parents’ knowledge or financial level, and whether their families are aware of this information or not, have equal access to education.”

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