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Ukraine Germany provides €1bn in financial assistance to Ukraine
Only one month after the G7 pledged to provide Ukraine with extensive budgetary assistance, Germany is disbursing its contribution of €1bn. "Ukraine needs this financial support to maintain its ability to act", Christian Lindner said in his statement.
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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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G20 Christian Lindner after the meeting of G20 finance ministers
Federal Finance Minister Christian Lindner comments on the global economy, the international financial architecture and support for developing and emerging economies. In Lindner’s words: the global economy is back on a path towards growth. We must now solidify the recovery and facilitate the transition back to normality. To do this, it is crucial to ensure global financial stability.
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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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Climate action Federal government publishes first allocation report for Green Federal securities
On 20 April 2021, the German government published the first allocation report for its Green Federal securities issued in 2020. The “Green Bond Allocation Report 2020” provides investors with transparent and binding information on expenditures from the federal government’s environmental and climate protection programmes. It lists expenditures recognised as “green” in the 2019 federal budget and …
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Financial markets Doorstep by Olaf Scholz prior to the G20 finance ministers meeting
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Coronavirus How are you, Germany? Episode 4: The event managers
The Covid-19 pandemic came as a real blow to the events sector. When all events were cancelled, Nadine Bortscheller and Ann-Kathrin Schmidt at first lost sleep over the situation. In the video, the two women explain why burying their heads in the sand was not an option, and what they want future policy to look like.
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Coronavirus How are you, Germany? Episode 1: The mayor
The months of crisis since the outbreak of the pandemic have been weighing heavily on the mayor of the northern German city of Kiel, both on him as an individual and as a public figure with responsibilities for the city's inhabitants. Now Ulf Kämpfer, PhD, wants to make Kiel a model city for sustainability and digital technology. In the video, he explains how the stimulus package is helping him …
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Coronavirus How are you, Germany? Episode 2: The single mother
When the Covid-19 pandemic started, single mother Yasemin Arpaci was caught unawares. She and her son were initially forced to manage the burden all on their own. In the video, she tells the story of how the two of them coped and what support they had.
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Climate action European Sustainable Finance Summit
As the European Sustainable Finance Summit gets underway, German Finance Minister Olaf Scholz and Environment Minister Svenja Schulze are calling on European companies to invest more in sustainable economic activities. The first survey, published today, on applying the EU taxonomy shows that just 2% of companies’ activities by revenue meet the taxonomy’s level of ambition for climate action and …