How extending Covid funds could be a key bargaining chip in EU budget fight

EU Covid money driving boom in sovereign wealth funds, new research finds

Faced with the end of the EU's post-pandemic fund, the bloc's leaders are using the cash to finance new sovereign investment funds.

Defence Secretary faces questions on £4.7bn funding gap left to Andy Burnham

The presumptive prime minister will have to identify an extra tranche of funding for defence in his first budget.

What a £4,700,000 ‘black hole’ tells us about the murky world of defence funding

What a £4,700,000 ‘black hole’ tells us about the murky world of defence funding

More than EUR 3 billion in foreign-currency debt raised by Péter Magyar’s government — and with good reason

The move is closely tied to the anticipated release of previously frozen European Union funds. eufunds money fxloan loan money magyargovernment Continue reading: https://dailynewshungary.com/peter-magyar-government-takes-up-fx-debt/

EU to provide €343m in guarantees and grants for Ukraine's defence sector

The European Commission, Ukraine's Ministry of Defence, and the governments of France and Finland have agreed to provide 343 million in EU guarantees and blended finance grants to support the development of Ukraine's defence sector. The funding will be channelled to expand industrial capacity for defence production and dual-use technologies.

Ghana Beats the Clock: Accra Clears $700 Million in Debt Ahead of Schedule

There is a particular kind of silence that falls over a finance ministry when a big payment clears without drama. That is the sound coming out of Accra this month. Ghana has settled a 700 million Eurobond obligation early, a move that would have been unthinkable just two years ago when the country was deep []

New budget: Is Germany spending too much on defense? | DW News

Germany’s 2027 draft budget was met with criticism from both economists and civil society. At its core: New debt, social cuts and another hike in defense spending. #Germany #Defense #Budget #dwgermanpolitics For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1

EU discussing new loan to Ukraine of 30-45 billion euros after 2027

The financing will be provided in the event that the conflict continues after 2027, Pekka Toveri, member of the European Parliament, says

Burnham should beware uncanny echoes of the 1930s on defence

The UK’s new plan for military spending does not match up to the risks in an unstable world

[Photo] Elon: USAID funding was central to the creation of COVID-19🐥 https://x.com/elonmusk/s [...]

Elon: USAID funding was central to the creation of COVID-19 https://x.com/elonmusk/status/2069475387529437325?s=46

Ukraine Backers to Vow Major Support at NATO Summit

A report on an upcoming joint commitment by European NATO members and Canada to secure 70 billion per year in military aid for Ukraine for both this year and next. The pledge, to be finalized at the Ankara summit, combines EU loan mechanisms and individual state commitments, largely driven by Germany to offset the halt in Washington’s funding. The summit declaration will also address defense spending targets of 5 GDP by 2035 and include a concise statement on Iran’s regional actions to maintain diplomatic alignment with the US administration.

Germany wants answers from Andy Burnham

Britain's European allies want to know what a new PM would mean for defence, Ukraine, energy and AI

UK unveils landmark defense plan, incorporating lessons from Ukraine

The plan, backed by 300 billion pounds (400 billion) in funding over four years, is part of a drive toward a more European NATO and will help the British forces deter the Russian threat, outgoing U.K. Prime Minister Keir Starmer said.

King Charles first monarch to reveal personal tax bill: Why now, what it means

How much royal funding comes from the public purse versus income monarchy generated

Can the IMF help Africa break the debt cycle? {Business Africa}

Can the International Monetary Fund finally help Africa break out of its multi-generational loop of rescue and repayment and here is how Nigerian businesses are using stablecoins to bypass traditional banks to fight inflation.

Canada, UK back complementary approaches to defense financing

Ottawa, London stress coordination between defense financing mechanisms as Mark Carney holds NATO summit talks with Latvian, Danish leaders

Ultima chiamata da 1,1 miliardi della Commissione UE per finanziare i lavori di modernizzazione dei trasporti

Sono incluse nell'invito per i finanziamenti anche Ucraina e Moldavia, i due Paesi che hanno di recente aperto i capitoli negoziali per l’adesione all’UE. L’obiettivo è quello di “rafforzare i collegamenti di trasporto” con l’Unione

Minority demands accountability for GH¢350m flood relief fund

The Minority Caucus in Parliament has called on the government to publish a detailed account of how the GH¢350 million allocated from the Contingency Fund for flood relief and mitigation will be disbursed. The amount comprises GH¢200 million for the procurement of relief items for victims of Monday’s floods and GH¢150 million for flood mitigation The post Minority demands accountability for GH¢350m flood relief fund appeared first on Ghanaian Times.

Our latest views on the major central banks

EUROPE: Our take on what could be next for the Federal Reserve, the European Central Bank and the Bank of England over the coming months

Finance Ministry releases GH¢350 million for flood relief and mitigation following Mahama directive

The Ministry of Finance has transferred GH¢350 million from the Contingency Fund to the National Disaster Management Committee to support emergency relief and flood mitigation efforts following the recent devastating floods that affected parts of the country. The release of the funds follows a directive by President John Dramani Mahama to Finance Minister Dr. Cassiel Ato Forson to mobilise resources to assist affected communities and strengthen measures to reduce the impact of future flooding.

Why Team Burnham are already furious

Team Burnham have been properly triggered over the defence investment plan now they’ve found out £4.7bn of it is still to be funded. For the first time in the transition, they’re feeling furious. Sam Coates and Anne McElvoy have news that the scale of the black hole is even bigger than that. Also – is []

Ghana govt diverted $65 million from World Bank flood loan to fund COVID-19 activities

Ghana’s Finance Ministry has disclosed that the Akufo-Addo administration diverted 65m in World Bank flood protection funds to COVID-19, worsening national debt.

UK unveils delayed defence spending plan

The UK has finally published it's delayed plan for defence spending. An extra 20 billion-dollars will be spent over the next 4 years but its only half of what the Ministry of Defence was asking for and it doesn't guarantee the UK will meet its Nato spending commitment of 5 percent of GDP on defence by 2035. Paul Hawkins has more.

EU allocates 20 million euros to support returnees in Afghanistan

The European Union has announced a new 20 million euros funding package for the International Organization for Migration to expand assistance for returnees, internally displaced people, and host communities in high-return areas across Afghanistan. The funding comes as Afghanistan continues to face one of the world’s largest humanitarian crises, compounded by the growing number of [] The post EU allocates 20 million euros to support returnees in Afghanistan first appeared on Ariana News | Afghanistan News.

Nearly half of Dutch lack confidence in government handling of rising defense spending

Nearly half of Dutch residents have little confidence that the government will properly spend additional defense funds in the coming years.

UK’s next PM faces £4.7 billion defence funding gap

Britain’s next prime minister is expected to inherit an immediate fiscal challenge after the government unveiled a major defence spending plan that leaves a significant portion of its funding unresolved. The strategy, announced by Prime Minister Keir Starmer, aims to strengthen the UK’s military capabilities amid growing security threats in Europe, but official documents show [] The post UK’s next PM faces £4.7 billion defence funding gap appeared first on Modern Diplomacy.

World Bank approves $1.25bn for Nigeria to boost reforms, investment, jobs

By Yinka Kolawole, with agency report The World Bank has approved a fresh 1.25 billion financing package for Nigeria to support ongoing economic reforms, stimulate private investment and accelerate job creation. The funding, approved under the Nigeria Actions for Investment and Jobs Acceleration (NAIJA) programme, forms a key component of the World Bank’s new Country [] The post World Bank approves 1.25bn for Nigeria to boost reforms, investment, jobs appeared first on Vanguard News.

EU releases €3 billion loan for Ukraine’s recovery

The European Union has disbursed the first 3 billion (US3.4 billion) tranche of a 90 billion loan to Ukraine, the country’s prime minister announced on Thursday at the opening of a conference on Ukraine’s post-war recovery in Poland. The conference, attended by key European leaders including German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen, is both a fundraising forum and a message to Russia that Ukraine’s Western supporters are in it for a long...

UK boosts military spending by $20 billion but critics say it's not enough

Self-flying fighter jets, uncrewed submarines and drones will be at the center of Britain’s future military under a defense plan announced Tuesday that includes a 15 billion pound (20 billion) spending boost. Like other members of the North Atlantic Treaty Organization, the UK is under pressure to increase defense spending to counter a more aggressive Russia and less reliable US. But its Defense Investment Plan has been repeatedly delayed as military leaders and Treasury officials wrangled over

UMI: This Midstream Fund Could Be Better Than Bonds

UMI: This Midstream Fund Could Be Better Than Bonds

UK, Japan and Italy extend GCAP fighter contract through 2027

Japan, the United Kingdom, and Italy will extend the contract for the Global Combat Air Programme through the end of 2027, after Britain’s delayed defense spending plan created an impasse that had left the three-nation stealth fighter effort operating on temporary bridge funding since April, Nikkei reported. The extension resolves the immediate crisis triggered when []

Foreign money for NGOs comes under tighter lens

Foreign money for NGOs comes under tighter lens

Can Congress Fix Social Security's Funding Crunch?

Can Congress Fix Social Security's Funding Crunch?

Govt to assess Budi Diesel quota requests using actual consumption data, says minister

KUCHING, June 24 — The Ministry of Finance (MOF) is taking an open approach to considering any proposal...

The Ministry of Finance and the United Nations hold a dialogue session on sustainable financing for development in Libya

The Ministry of Finance / United Nations / Hold / Dialogue Session / Sustainable Financing for Development / Libya

Lebih 60 NGO bantah pemotongan RM4.65 bilion KKM

KUALA LUMPUR: Lebih 60 pertubuhan bukan kerajaan (NGO) menggesa kerajaan menarik balik cadangan pemotongan peruntukan Kementerian Kesihatan (KKM) sehingga RM4.65 bilion kerana dikhuatiri menjejaskan sistem kesihatan awam. Memorandum bantahan diserahkan kepada Ahli Parlimen Bentong, Young Syefura Othman; Ahli Parlimen Sik, Ahmad Tarmizi Sulaiman; Ahli Parlimen Kuala Langat, Datuk Dr. Ahmad Yunus Hairi serta pegawai Kementerian ... Read more The post Lebih 60 NGO bantah pemotongan RM4.65 bilion KKM appeared first on Utusan Malaysia.

European Taxpayers Spend 3.9B Euros on Drones for Ukraine

The European Union just sent another 3.9 billion to Ukraine to buy drones. This is not humanitarian aid. This is war financing. Reuters reported that the latest transfer is part of the EU’s new 90 billion loan program designed to keep Kyiv funded through 2026 and 2027. The money is being directed toward Ukraine’s drone []

Starmer Announces Cuts to Pay for Defence

The Prime Minister has announced a £15bn increase in military spending, to be funded by cutting investment budgets in other areas. Plus: Anti-immigrant protests sweep South Africa, former DUP leader Jeffrey Donaldson has been found guilty of child sexual abuse, and a look at the ‘anti-woke Davos’ taking aim at UK net-zero policies. With Steven []

British Households Would Pay Nearly £1000 Per Year to EU Under Burnham Rejoin Plan

The EU is currently negotiating its ‘Multiannual Financial Framework’ or MFF – the bloc’s long-term spending plan. Member states pay in, the EU splurges the cash, the cycle begins again Incoming PM Andy Burnham let the mask slip when he was recorded saying he would like to see the UK rejoin the EU. He walked