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March 2021

Financial resources

Major economic issues, including increasing access to financial resources discussed at the annual general meeting of the Inter-American Development Bank, Belize attends


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Posted: Tuesday March 23, 2021. 6:39 PM CST.

By Aaron Humes: Belize joined its Central American partners in presenting four key demands of the Inter-American Development Bank (IDB) at its virtual annual general meeting, held March 19-21 in Barranquilla, Colombia.

These are: implementing financial instruments that provide liquidity to restore fiscal space; provide resources for the reconstruction and development of countries affected by natural disasters; study the possibility of paying for the patent and manufacture of vaccines in Central America; develop an IDB concessional resource strategy for the provision of financial and technical support for the resilient recovery of productive systems in Central American countries.

Prime Minister John Briceño represented Belize as one of the Bank’s Governors alongside Minister of State and Acting Governor Christopher Coye; CEO Narda Garcia and Elvira Mendez, Advisor in the Office of the Executive Director of the IDB in Belize.

A government statement reports: “The expected outcome of these meetings is to advocate for an increase in the Bank’s resources to meet increased demand and to adopt a resolution ordering the Management and the Board of the IDB to conduct a rigorous analysis of the Bank’s capacity to support countries in the medium and long term. He adds that Belize has been joined by representatives from all Central American countries except Panama to form a unified position to be taken forward in the formal sessions of the annual Board of Governors meeting.

In his presentation during the session of the IDB Group Strategic Vision 2021-2025, the Prime Minister mentioned the imperative for the IDB Group to help our countries to implement a transformation agenda while respecting fully the fundamental principles of access, equality, gender equity, integration and, above all, inclusion. In his statement, he also stressed that the Strategic Vision 2021-2025 must include a comprehensive strategy on concessional resources to help countries develop a comprehensive strategy for reducing climate change and natural disasters to foster resilience.

As the region’s main strategic partner, Prime Minister Briceno underlined the principle of shared but differentiated responsibility between borrowing and non-borrowing countries, a principle that requires the pursuit of inclusion and special consideration of the poorest countries. and the most vulnerable like Belize.

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Financial resources

Malaysians amass financial resources during Covid-19 pandemic: StashAway report

PETALING JAYA: The harsh conditions imposed by the Covid-19 pandemic have prompted Malaysians to be better prepared financially, according to StashAway’s Insight report “2021: How Investors Responded to Covid-19”.

In the wake of the pandemic, he found that 7% of his Malaysian customers are now saving more than half of their income compared to 3% before Covid-19 entered the scene, while 21% of those polled said they had invested 30-50% of their savings compared to 13% who have done so before.

In terms of financial preparedness, the fintech actor revealed that 47% of respondents to his survey think they should have more than six months of spending in their emergency fund, although only 24% saved more than this amount.

Its CEO and co-founder Michele Ferrario (Photo) noted that 2020 is a challenge for many industries and will go down in the books as one of the most volatile years in modern history.

“Investors have suffered unprecedented market volatility and economic uncertainty, brought on by a global pandemic and other events, such as the US general election,” he said in the report.

Ferrario explained that such challenges have prompted StashAway to educate its clients and on long-term financial planning and investing, especially during times of extreme market volatility.

“We saw behavioral biases similar to what we saw during the 2018 market correction. This is why this year we wanted to reveal how Covid-19 and the 2020 stock market crash impacted behavior. investors, and how it made them change the way they think about their finances. “

Following the global market crash of March 2020, 9% of investors were more likely to stop contributing to their usual investment plans, while 41% of investors were more likely to withdraw their funds from their investment portfolios .

The report suggests that such a reaction to the stock market crash is because investors want to prevent their investments from losing more value, as they are more likely to check their investments and withdraw funds when they think the value of their investments will decline.

StashAway’s survey found that impulse investors who withdrew their investments during the stock market crash and took no action during their breakeven point saw a money-weighted average return of -5.61% , compared to 10.74% in money-weighted average return those who continued to invest as usual. .

In Malaysia, he found that inexperienced investors, who have never traded in securities, are 73% more likely to suspend regular deposits in the event of a stock market crash.

Stashaway also found that those under 30 are 7% more likely to suspend their deposits and 24% more likely to withdraw their funds during the stock market crash.


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Financial resources

American Financial Resources Doubles Disbursement Limit for Single Closing

AFR’s OTC program is an all-in-one financing option that allows eligible borrowers to combine construction financing, lot purchase or land repayment and the permanent mortgage loan into one fence. OTC simplifies the financing process with a single loan, shorter approval times, faster turnaround times, lower fees, and one-time closing.

Over-the-counter loans are available for manufactured homes, modular homes and homes built on site; and AFR offers a variety of programs for eligible borrowers, including conventional FHA, VA, USDA, and OTC programs.

“Traditional construction loans typically require a second round of borrower credit, asset and income qualification, as well as a second closing when the house is ready to be occupied; this usually results in higher costs to the consumer as well as uncertainty about interest rates, take out the financing risk for the builder, and a more complex transaction overall, ”says Packer. “With over a decade of experience simplifying the OTC loan process, we continue to fulfill our mission of bringing families home. ”

About American Financial Resources, Inc.
American Financial Resources, Inc. (AFR) is a leading FHA 203 (k) lender for sponsored originations and an innovator in construction and renovation loans, in addition to being ranked among the leading mortgage lenders. from the country. AFR uses the latest technology and provides educational resources for mortgage brokers, loan originators and their clients. American Financial Resources, Inc. is an Equal Housing Lender: Lender NMLS 2826 at www.nmlsconsumeraccess.org. For more information, visit www.afrwholesale.com.

SOURCE American Financial Resources, Inc.

Related links

http://www.afrcorp.com/


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Finance agency

Federal Housing Finance Agency; Department of Housing and Urban Development, Office of Federal Housing Enterprise Oversight: Enterprise Regulatory Capital Framework

B-332808

December 30, 2020
The Honorable Mike Crap
President
The Honorable Sherrod Brown
Ranking Member
Banking, Housing and Urban Affairs Commission
United States Senate

The Honorable Maxine Waters
President
The Honorable Patrick McHenry
Ranking Member
Financial Services Commission
House of Representatives

Topic: Federal Housing Finance Agency; Department of Housing and Urban Development, Office of Federal Housing Enterprise Oversight: Enterprise Regulatory Capital Framework

In accordance with Section 801 (a) (2) (A) of Title 5, United States Code, this is our report on a major rule promulgated by the Federal Housing Finance Agency (FHFA); Department of Housing and Urban Development, Office of Federal Housing Enterprise Oversight (OFHEO) titled “Enterprise Regulatory Capital Framework” (RIN: 2590-AA95). We received the rule on November 19, 2020. It was published in the Federal Register in good standing on December 17, 2020. 85 Fed. Reg. 82150. The effective date of this rule is February 16, 2021.

According to the FHFA, it adopts this final rule which establishes capital requirements based on risk and leverage for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The FHFA said the final rule also makes changes in line with definitions in the FHFA regulations governing valuations and minimum capital and removes OFHEO regulations on capital for Fannie Mae and Freddie Mac.

Attached is our assessment of the FHFA’s compliance with the procedural steps required by Section 801 (a) (1) (B) (i) to (iv) of Title 5 in relation to the rule. If you have any questions about this report or would like to contact the GAO officials responsible for the assessment work related to the purpose of the rule, please contact Shari Brewster, Deputy General Counsel, at (202) 512-6398.

Shirley A. Jones
Associate Legal Director

Pregnant

cc: Alfred M. Pollard
General Counsel
Federal Housing Finance Agency

PREGNANT

REPORT UNDER 5 USC § 801 (a) (2) (A) ON A MAJOR RULE
ISSUED BY THE
Federal Housing Finance Agency;
Department of Housing and Urban Development,
Federal Housing Companies Oversight Office
ENTITLED
“Regulatory capital framework for companies”
(RIN: 2590-AA95)

(i) Cost-benefit analysis

In its brief, the Federal Housing Finance Agency (FHFA) indicated that it considered that preparing a cost-benefit analysis of this final rule was not applicable.

(ii) Agency actions relating to the Regulatory Flexibility Act (RFA), 5 USC §§ 603-605, 607 and 609

The Attorney General of the FHFA certifies that the final rule will not have a significant economic impact on a substantial number of small entities because the final rule only applies to the Federal National Mortgage Association (Fannie Mae) and to Federal Home Loan Mortgage Corporation (Freddie Mac), which the FHFA says are not small entities for RFA purposes.

(iii) Agency actions regarding sections 202-205 of the Unfunded Mandates Reform Act 1995, 2 USC §§ 1532-1535

As an independent regulatory body, the FHFA is not subject to the Act. See 2 USC §§ 658 (1), 1502 (1).

(iv) Other relevant information or requirements under laws and decrees

Administrative Procedure Act, 5 USC §§ 551 et seq.

On June 30, 2020, the FHFA published in the Federal Register a proposed regulatory notice seeking comments on a new regulatory capital framework for Fannie Mae and Freddie Mac. Corporate regulatory capital framework, 85 Fed. Reg. 39274 (proposed rule). According to the FHFA, the proposed rule was a new proposal for the regulatory capital framework set out in a regulatory proposal notice published in the Federal Register July 17, 2018. Business capital needs, 83 Fed. Reg. 33312. The FHFA received 128 comments on the proposed rule from Fannie Mae and Freddie Mac, trade associations, consumer groups, individuals and other interested parties. The FHFA responded to comments in the preamble to this final rule.

Red Tape Reduction Act (PRA), 44 USC §§ 3501-3520

According to the FHFA, this final rule does not contain any information gathering requirements as defined in the PRA.

Legal authorization of the rule

The FHFA promulgated this final rule in accordance with Sections 4511, 4513, 4513b, 4514, 4515, 4526, 4611 and 4612 of Title 12, United States Code.

Executive Decree No. 12866 (Planning and Revision of Regulations)

As an independent regulatory body, the FHFA is not subject to the ordinance.

Executive Decree No. 13132 (Federalism)

As an independent regulatory body, the FHFA is not subject to the ordinance.


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Financial resources

John Aldridge: “Clubs with unlimited financial resources overseeing a major power change in football”

Erling Haaland is the player all clubs want this summer – but I suspect the traditional European football giants will be left out of the race to recruit football’s top talent.

The Borussia Dortmund striker is the real deal in every sense of the word and if a player of his caliber emerged in the game over the past decades, he would be destined to go to Real Madrid, Barcelona, ​​Manchester United or Liverpool.

This has been the path that all of the best players have sought to follow, but all of that could be about to change as we emerge from this pandemic at a disappointing rate.


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Finance agency

Federal Housing Finance Agency: 2021 corporate housing targets

MACRO BUTTON B-332823

January 5, 2021

The Honorable Mike Crapo
President
The Honorable Sherrod Brown
Ranking Member
Banking, Housing and Urban Affairs Committee
United States Senate

The Honorable Maxine Waters
President
The Honorable Patrick McHenry
Ranking Member
Financial Services Commission
House of Representatives

Topic: Federal Housing Finance Agency: 2021 corporate housing targets

Pursuant to Section 801 (a) (2) (A) of Title 5, United States Code, this is our report on a major rule promulgated by the Federal Housing Finance Agency (FHFA) titled “2021 Enterprise Housing Goals” (RIN: 2590 -AB04). We received the rule on December 17, 2020. It was published in the Federal Register definitive on December 21, 2020. 85 Fed. Reg. 82881. The effective date of the rule is February 19, 2021.

According to the FHFA, the final rule contains the 2021 housing targets for Fannie Mae and Freddie Mac (the companies). The FHFA stated that the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, Pub. L. n ° 102-550, title XIII, 106 Stat. 3941 (October 28, 1992), requires it to establish annual housing targets for mortgages purchased by businesses. The agency further said the housing goals included separate categories for single-family and multi-family mortgages on affordable housing for low-income and very-low-income families, among other categories. The FHFA also said the final rule sets benchmarks for each of the housing goals for 2021.

The Congressional Review Act (CRA) requires 60 days for the effective date of a major rule from the date of publication in the Federal Register or receipt of the rule by Congress, whichever is later. 5 USC § 801 (a) (3) (A). The House of Representatives received the final rule on December 28, 2020. 166 Cong. Rec. H9175 (daily edition of December 31, 2020). The Congress Record
does not indicate when the Senate received the final rule. The final rule was released on December 21, 2020. 85 Fed. Reg. 82881. The effective date of the final rule is February 19, 2021. Therefore, based on the subsequent receipt date of December 28, 2020, the final rule does not have the 60-day period required to its date of entry into force.

Attached is our assessment of the FHFA’s compliance with the procedural steps required by Section 801 (a) (1) (B) (i) to (iv) of Title 5 in relation to the rule. If you have any questions about this report or would like to contact the GAO officials responsible for the assessment work relating to the purpose of the rule, please contact Shari Brewster, Deputy General Counsel, at (202) 512-6398.

Shirley A. Jones
Associate Legal Director

Pregnant

cc: Alfred M. Pollard
General Counsel
Federal Housing Finance Agency

PREGNANT

REPORT UNDER 5 USC § 801 (a) (2) (A) ON A MAJOR RULE
ISSUED BY THE
Federal Housing Finance Agency
ENTITLED
“2021 corporate housing targets”
(RIN: 2590-AB04)

(i) Cost-benefit analysis

The Federal Housing Finance Agency (FHFA) has not discussed the costs and benefits of the final rule. In its brief, the agency indicated that it considered that preparing a cost-benefit analysis of this final rule was not applicable.

(ii) Agency actions relating to the Regulatory Flexibility Act (RFA), 5 USC §§ 603-605, 607 and 609

The FHFA has certified that the final rule will not have a significant economic impact on a substantial number of small entities.

(iii) Agency actions regarding sections 202-205 of the Unfunded Mandates Reform Act 1995, 2 USC §§ 1532-1535

As an independent regulatory body, the FHFA is not subject to the Act.

(iv) Other relevant information or requirements under laws and decrees

Administrative Procedure Act, 5 USC §§ 551 et seq.

On August 13, 2020, the FHFA published a rule proposal. 85 Fed. Reg. 49312.FHFA received 15 letters of comment on the proposed rule, including four letters from policy advocacy organizations; six letters from trade associations representing lenders, home builders, credit unions and other housing market participants; three letters from individuals; a letter from Fannie Mae; and a letter from Freddie Mac. The FHFA responded to the comments in the final rule.

Red Tape Reduction Act (PRA), 44 USC §§ 3501-3520

The FHFA has determined that the final rule does not contain any information collection requirement subject to the Act.

Legal authorization of the rule

The FHFA promulgated the final rule in accordance with Sections 4511, 4513 and 4526 of Title 12, United States Code.

Executive Decree No. 12866 (Planning and Revision of Regulations)

As an independent regulatory body, the FHFA is not subject to the ordinance.

Executive Decree No. 13132 (Federalism)

As an independent regulatory body, the FHFA is not subject to the ordinance.


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How lack of data and dwindling financial resources threaten plan to end AIDS – Articles – The Guardian Nigeria News – Nigeria and World News

Antiretroviral (ARV) drugs have reduced HIV infections and AIDS-related deaths

The National AIDS Control Agency (NACA) said that despite notable progress in reducing the number of cases and deaths from human immunodeficiency virus (HIV) / acquired immunodeficiency syndrome (AIDS ) and many others, ending AIDS by 2030 is awash with challenges that threaten to erode successes.

NACA Director General Dr Gambo Gumel Aliyu on the occasion of the first anniversary of NACA Day / 14th anniversary on Monday February 22, 2021 said one of the main challenges is the need for data strategic and in real time for decision making. as well as a cap on financial resources to continue the fight against the virus. “As we look back on our successes over the past 14 years with nostalgia, it is imperative that we recognize that now is the time for all hands to be on deck! ” he said.

The Director General of NACA said the day was an opportunity to reflect on the road traveled so far, take stock, review the state of the response, share the vision to end epidemic by 2030 and to celebrate all communities, partners and stakeholders for the milestones achieved.

Aliyu said the agency has led the national HIV response through notable milestones ranging from a rapid response to a more controlled epidemic. “More people are placed on treatment in Nigeria than ever before, morbidity and mortality rates are declining, making it easier to suppress the high viral load in the population among HIV-positive people on antiretroviral therapy (ART) in Nigeria. There is increased ownership of the response as the federal government has continued to deliver on its promise to put 50,000 people on treatment each year, ”he said.

The CEO of NACA said that in 2018, the agency, with the support of its partners, conducted the largest population-based HIV / AIDS survey in the world, leading to a rebasing of the HIV epidemic in the world. Nigeria from 5.8% to 1.4% prevalence. . Aliyu said the survey provided the Agency and its partners with the data needed to pursue the global goal of ending AIDS as a public health threat by 2030, thus meeting the 95 targets. : 95: 95.

He said that the year 2020 presents new challenges for the HIV response following the COVID-19 pandemic and that the lessons learned from the success of the multisectoral response to HIV, the levers on the community and the infrastructure of HIV and its resources have been instrumental in the resilience of the Nigerian response to COVID-19.

Aliyu said the ongoing pandemic is a grim reminder that despite “our best efforts, we cannot rest on our oars as new public health and development challenges will emerge and we must learn lessons and best practices. of the past 14 years to strategize a people will answer them. We must ensure that we control the HIV epidemic and establish systems and structures that will support all of our achievements in the future. “

According to the Joint United Nations AIDS Program (UNAIDS) World AIDS Day (WAD) report 2020, only six countries saw treatment initiations return to the same levels as in January and February, including including Nigeria, which reported large increases in July, August and September.

The secretary of the government of the Federation (SGF) and president of the Presidential Working Group (PTF) on COVID-19, boss Gida Mustapha, in a goodwill message on the occasion of the inaugural day of NACA, said said: “The inauguration and celebration of the day when this agency was founded is certainly an opportunity to remember historically and collectively how the HIV epidemic has created a terrible burden on millions of people, from families and communities around us and around the world.

“By the time NACA was inaugurated as an agency that day in 2007, the challenges the agency faced were the burden of HIV-related stigma, the lack of knowledge about the disease by most people. health workers, lack of access to treatment, lack of vigorous prevention efforts, lack of effective social awareness and support for the most vulnerable. Thanks to past efforts and the Agency’s current leadership, most of these challenges have been overcome.

“Over the past 14 years, I dare say that this agency has accomplished so much in its mission to the admiration of the government and its partners. In 2018 alone, NACA led the Nigeria HIV / AIDS Indicators and Impact Survey (NAIIS). This was a national household survey that assessed HIV prevalence and related health indicators. The timeline for completion / recorded successes of this survey was rated as best to none. With the onset of COVID-19, the NACA model has worked well to demonstrate resilience and mitigate its impact on the country.

“Thanks to very strategic and supportive federal government policies, millions of people now have access to ARVs and the global goals of prevention, testing and treatment are being met. The current government of President Muhammadu Buhari has continued to make resources available through NACA to maintain this momentum. This includes a commitment to have an additional 50,000 Nigerians placed on treatment each year, a feat no government in this country has achieved. Rest assured that the government will continue to do more, because it has confidence in the diligent commitment, accountability and transparency of the Agency’s management.

The first two AIDS cases in Nigeria were diagnosed in 1985 and reported in 1986 in Lagos, one of which was a 13-year-old sex worker from one of the West African countries.

The first sentinel survey on HIV in 1991 showed a prevalence of 1.8%. Subsequent sentinel surveys gave a prevalence of 3.8% (1993), 4.5% (1996), 5.4% (1999), 5.8% (2001), 5.0% (2003), 4 , 4% (2005), 4.6% (2008), 4.1% (2010) and 1.3% (2019).

NACA, in an editorial, said the National Response Management Day provides a platform for reflection and future projection to end HIV and AIDS as a public health emergency in Nigeria by 2030. He noted: “Under the leadership of eminent figures such as Prof. Ibironke Akinsete, Prof. Babatunde Osotimehin, Prof. John Idoko and Dr Sani Aliyu as chairmen and general managers respectively, the Agency has ensured that that the national response to HIV has reached its last mile, witnessing stability in leadership and cultivating a strong work ethic.

“… Despite these successes, the HIV response in Nigeria still requires the support of all its stakeholders to win the fight against the virus through shared responsibility, stronger partnerships, responsible implementation and shared responsibility for the virus. retaliate. These will facilitate the institutionalization of sustainable structures capable of responding to the end of AIDS as a public health threat by 2030, as well as other development and public health emergencies. This will allow the Federal Government of Nigeria to take more ownership of its response, catalyze other countries to do the same, thus facilitating the achievement of some of the Sustainable Development Goals (SDGs). “

Meanwhile, UNAIDS has alerted to gaps in antiretroviral treatment coverage among prisoners living with HIV. UNAIDS in a statement said that every day around 11 million people around the world are in lockdown. Injection drug use and sex take place in prisons all over the world. The risk of sexual violence among inmates – and their lack of access to condoms, lubricants, pre-exposure prophylaxis and harm reduction services – increases their chances of contracting HIV, hepatitis C and sexually transmitted infections. .

Among people who inject drugs, recent incarceration is associated with an 81% and 62% increased likelihood of HIV infection and hepatitis C infection, respectively.

Closed settings should, in theory, promote the provision of effective testing and treatment services, although treatment interruptions and concerns about confidentiality and discrimination are problematic.

In 2019, 78 countries reported to UNAIDS that HIV testing was available at all times during detention or imprisonment, and 104 countries reported that antiretroviral therapy was available to all prisoners living with HIV.

The coverage of antiretroviral therapy is good, although gaps remain.


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