Special drawing rights

• Low- and middle-income countries need to expand infrastructure investment to address climate change and support their transition to net zero emissions,1and for health and health security infrastructure; digital, transport and energy connectivity; education infrastructure; and advancing gender equity and the fight againstinequality.
• Collectively we have invested substantial resources - in 2019 and 2020 combined, the G7 members provided over US$265 billion in official development assistance,2including for infrastructure.
• G7 members also provide substantial amounts of additional finance for infrastructure in developing countries through Multilateral Development Banks (MDBs) and their development finance institutions.
• But narrowing the connectivity and infrastructure investment gap requires a significant shift in how the international system works together.

• All acquisitions have been carried out on Nasdaq Stockholm by Nordea Bank Abp on behalf of Kindred.
• Following the acquisitions above, Kindred's holding of own shares/SDRs amounted to 3,813,358 as per 12 March 2021.
• The total number of issued shares in Kindred is 230,126,200.
• The total volume of Kindred shares/SDRs which have been repurchased within the current share buy-back program from 1 March 2021 until and including 12 March 2021, amounts to 842,000 shares.

• This will allow proactive actions to be taken to deal with problem trades and prevent actual failure.
• SureVus SDR capability can be fully enabled in just weeks from purchase, providing a fast and cost-effective solution for full SDR compliance.
• The fact is that under SDR, every failed trade will have a price tag, says Bruce Hobson, CEO at corfinancial.
• SureVu safeguards buy- and sell-side firms from falling foul of mandatory buy-ins by providing exception management processing across the full settlement cycle.

INTERVIEW

Interview with Le Parisien

Interview with Christine Lagarde, President of the ECB, conducted by Matthieu Pelloli and published on 9 April 2020

• What is certain is that an invisible enemy is severely testing our healthcare systems and our extraordinary healthcare workers.
• Our way of life has been altered, and for some it has been turned completely upside down.
• You were Minister of the Economy in 2008, at the time of the last global economic crisis.
• If you think about it, it can also be traced back to the ecological and biological chaos of the world.
• The economic consequences are difficult to quantify, but they will certainly be severe.
• Is that conceivable now, with heads of state like Boris Johnson, Donald Trump and Jair Bolsonaro?
• We need it now to help us manage the response, and we will need it later to organise our exit from the crisis.
• They have quickly taken far-reaching measures, increasing fiscal spending and providing support for employees and businesses.
• Having fully recognised this, Germany, although very attached to its balanced budget principle, has temporarily relinquished its zero deficit policy.
• The creation of coronabonds, through which Europeans would share the debt linked to the crisis, is a bone of contention.
• Indeed, I believe that the exemptions to state aid rules that are now being implemented will accelerate this review.
• Its a topic that the Commission is already working on You were formerly Managing Director of the International Monetary Fund.
• Should it use its special drawing rights (SDR), a kind of currency created by the IMF, to support states?
• Our compatriots are concerned about the solidity of European banks in general and that of French banks in particular.