Development risks remain as economic activity, incomes likely to stay low for extended period
Today, the European Commission is proposing a financial support of €86.7 million from the European Union Solidarity Fund (EUSF) to provide relief to the population of several regions in France and Greece hit by natural disasters in 2020.
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The European Bank for Reconstruction and Development (EBRD) is enforcing rights under its financing and security documents with regards to Danube Logistics Holding BV’s shareholding in Danube Logistics SRL (Danube Logistics), the operator of Giurgiulesti International Free Port in the Republic of Moldova.
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The Asian Development Bank (ADB) has quadrupled its support for food systems development in the past decade from $409 million in 2010 to $1.2 billion in 2020 to help close the financing gap in ensuring food security.
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The European Commission has decided to refer the United Kingdom to the Court of Justice of the European Union for failing to fully recover illegal State aid of up to around €100 million, granted as a tax exemption for passive interest and royalties in Gibraltar, as required by a Commission decision. This case relates to
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Policy challenges include the shift in financial intermediation away from traditional banks toward digital finance providers.
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The Sydney Opera resumed live performances and the city of Melbourne recently hosted the Australian Open tennis tournament with fans (mostly) in attendance.
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The European Bank for Reconstruction and Development (EBRD) is responding to on-going challenges for Uzbekistan’s real economy caused by the Covid-19 pandemic by providing financing to local small and medium-sized enterprises through local banks.
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Southeast Asian countries can benefit from investments in green infrastructure, digital transformation, big data, and revenue mobilization through tax reform as the region recovers from the coronavirus disease (COVID-19) pandemic, said Asian Development Bank (ADB) President Masatsugu Asakawa at the second Southeast Asia Development Symposium.
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The crisis has hit small and medium enterprises especially hard, causing massive job losses and other economic scars. Among these—less noticeable, but also serious—is rising market power among dominant firms as they emerge even stronger while smaller rivals fall away.
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The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has adopted a new country strategy for Hungary that sets out the framework for the Bank’s work in the country for the period 2021-26.
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