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G7 G7 Finance Ministers and Central Bank Governors´ Petersberg Communiqué
The G7 finance ministers and central bank governors released a joint communiqué following their meeting on 20 May.
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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 …
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ukraine Management of the task force for implementing EU sanctions appointed
The task force that has been set up by the Federal Government to implement the EU sanctions appointed its management yesterday evening at its second meeting.
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europe Germany and France intend to commit €1 billion each for new European Tech Champions Initiative
Germany and France represented by Christian Lindner, Federal Minister of Finance, Robert Habeck, Federal Minister for Economic Affairs and Climate Action, Bruno Le Maire, Minister for the Economy, Finance and the Recovery, and Cédric O, Minister of State for the Digital Transition and Electronic Communication, have signed, together with Denmark, Estonia, Greece, Spain, Italy, Latvia, Lithuania, …
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Financial markets Overview of heavily indebted poor countries (HIPC)
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europe Joint Statement on the European Payments Initiative (EPI)
by Belgium, Finland, France, Germany, the Netherlands, Spain and Poland
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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 …
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europe German Recovery and Resilience Plan adopted
Today the German government adopted the German Recovery and Resilience Plan (DARP). Ninety percent of the spending in Germany’s recovery plan is targeted towards climate action and the digital transformation. This means that the German government is going well beyond the ambitious targets set by the EU. According to analysis by the German Institute for Economic Research (DIW), the planned …