Climate action Green federal securities
Climate action is a priority. To boost sustainability in financial markets too, the German government is issuing Green German Federal Securities. This will inject momentum into the sustainable bond market as a whole.
Financial markets FATF Ministers commit to take decisive action against money laundering
Under German chairmanship the Ministers of the Financial Action Task Force (FATF) members committed to take swift and decisive action to improve the effectiveness of measures to fight money laundering, terrorist and proliferation financing at their meeting in Washington D.C. today. This includes promptly implementing the FATF’s global beneficial ownership rules, which were strengthened earlier …
Financial markets Isolate Russia economically, counteract the effects of its war of aggression against Ukraine
On 20 April 2022, the G7 finance ministers and central bank governors met for the second time under Germany’s G7 presidency. The meeting was held on the sidelines of the IMF spring meeting in Washington, D.C. During their talks, the G7 members focused on the state of the global economy in light of the war in Ukraine. Afterwards they published a joint statement.
g7-presidency G7 reaffirms its decisive course of action
The first meeting of finance ministers and central bank governors under Germany’s G7 presidency took place in a virtual format on 1 March 2022.
Coronavirus Comprehensive pandemic assistance programmes
Companies and self-employed individuals are still affected by the coronavirus pandemic despite the economy starting to recover and restrictions being eased. In order to provide support where it is still needed, the Temporary Aid Programme IV, one of Germany’s central assistance programmes, is being extended to the end of June 2022. The Fresh Start Assistance programme, which is targeted …
g7-presidency G7 Finance Ministers‘ Statement on Ukraine
Under the auspices of the OECD, 137 countries (as of 28 December 2021) have reached an agreement on a fair allocation of taxing rights and a global minimum effective tax at a uniform tax rate of 15%. This is a genuine revolution in international tax law. The basic approach was approved by the finance ministers of the 20 leading advanced and emerging economies – the G20 – at their meeting in …
Financial markets International debt strategy and debt restructuring
Many emerging and developing countries have bilateral debt with the German government. One of the German Finance Ministry’s responsibilities is to ensure that these countries service their debt as agreed. If countries run into financial difficulties, it is often necessary to explore whether and how the debt can be restructured or even cancelled.
taxation 8th International Tax Symposium
“Future of International Taxation – International Corporate Tax Reform: the Two-Pillar-Solution”
The German Federal Ministry of Finance cordially invites you to
Financial markets Scholz welcomes IMF’s historic decision
German Finance Minister Olaf Scholz commented: “Yesterday evening we decided at the International Monetary Fund, the IMF, to increase what are known as special drawing rights by US$650bn. This is historically unprecedented. It is the right, appropriate response to the Covid-19 pandemic. The new SDRs allow the international community to create additional liquidity and thereby foster the stability …