22 Jun
Financing for Development/UN SDG's

UN-Water Prepares to Launch SDG 6 Accelerator

The Framework will support accelerated country progress on SDG 6 (clean water and sanitation) in five key areas. UN-Water is organizing a Special Event at the July 2020 session of the UN High-level Political Forum to launch the Global Acceleration Framework. UN-Water is preparing to launch the ‘SDG 6 Global Acceleration Framework’ to support country progress on clean water and sanitation. Members and partners met for an online consultation on the launch, which will take place on the sidelines of the UN...

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22 Jun
Chapter News

U.S. Federal Reserve announces FraudClassifier Model to help organizations classify fraud involving payments

The Federal Reserve today published the FraudClassifier model—a set of tools and materials to help provide a consistent way to classify and better understand the magnitude of fraudulent activity and how it occurs across the payments industry. The model was developed by the Fraud Definitions Work Group, which was comprised of Federal Reserve and payments industry fraud experts. "The FraudClassifier model can help address the industrywide challenge of inconsistent classifications for fraud involving ACH, wire, or check payments," said Jim Cunha, secure...

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22 Jun
Member News

FTI: The 7 Actions You Can Take While Your Deal Is On Hold

The coronavirus pandemic hit the proverbial “pause button” on virtually all M&A deals that were on the cusp of completion. But businesses can take advantage of this hiatus to better position themselves to close their deals when markets reopen — yes, even in our new socially-distanced world. It’s late February and you had an M&A deal that was well underway. A buyer was lined up. The projection models were all finished. The investment thesis was ironclad. You knew the value...

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22 Jun
COVID-19 News, Member News

CMS: Coronavirus Crisis and Employment Law in Germany – Useful Information

The coronavirus crisis is presenting companies with extreme challenges. A multitude of new topics and issues need to be addressed. For many sectors, the question also arises as to how to deal with (temporarily) underutilised staff. Other sectors, by contrast, are complaining about capacity shortages and need to increase staff numbers. In the following we provide you with a set of building blocks that may help you to find your way out of the crisis. In addition to answers to...

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20 Jun
Financing for Development/UN SDG's

Momentum for Climate Change Discusses NDCs, Sustainable Recovery

Among other sessions, the committee to facilitate implementation and promote compliance under the Paris Agreement held its first meeting, and lead reviewers of biennial reports and national communications met to share experiences. Speakers highlighted the importance of action in 2020, including for countries to submit their enhanced NDCs by the end of the year. The UNFCCC convened a series of virtual events in early June 2020 to maintain momentum for climate action. The events allowed for an exchange of...

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19 Jun
Chapter News

OECD Secretary-General Angel Gurría has reacted to recent statements and exchanges regarding the ongoing negotiations to address the tax challenges of the digitalisation of the economy

“Addressing the tax challenges arising from the digitalisation of the economy is long overdue,” said OECD Secretary-General Angel Gurría. “All members of the Inclusive Framework should remain engaged in the negotiation towards the goal of reaching a global solution by year end, drawing on all the technical work that has been done during the last three years, including throughout the COVID-19 crisis. Absent a multilateral solution, more countries will take unilateral measures and those that have them already may...

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19 Jun
Financing for Development/UN SDG's

Why We Need a “New Normal” for Production and Consumption

People are consuming more than ever. Our choices are having an unprecedented impact on the environment. The jeans, skirts or suits we wear, the pharmaceuticals and cosmetics we use, the food and drink we consume – all of these products have an impact, to varying degrees, on the environment. We need to think carefully about how we can meet our daily needs more efficiently and we need to provide the answers quickly. We all depend to some extent on trees,...

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19 Jun
Member News

Vulcan Insight: EU Leaders Seek Budget and Recovery Deal

For the first time since the European Commission’s €1.85 billion budget and Recovery Fund proposal, EU Heads of State and Government met on Friday (19 June) to seek an agreement on its substance. Considering the deep divisions between countries and different political alliances, Friday’s EU leaders’ summit was never expected to result in a breakthrough. Rather, most Heads of State and Government considered their online get together as an initial exchange of views and positions, as German Chancellor Angela...

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19 Jun
Member News

Federal Reserve to Expand Main Street Lending Program to Nonprofits

On June 15, the Federal Reserve Board released proposed term sheets to expand the Main Street Lending Program to nonprofit entities in sound financial condition before the onset of the COVID-19 pandemic. The announcement seeks public comment on the new proposal which grants small and medium-sized nonprofits access to additional liquidity. The Main Street Lending Program was established by the Federal Reserve Board with the Secretary of the Treasury under the CARES Act. The Federal Reserve Bank of Boston will...

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19 Jun
COVID-19 News, Member News

ThompsonHine: Country-by-Country Guide: Government Measures Taken in Response to COVID-19

Last Update on June 17 | In collaboration with Thompson Hine's foreign law firm partners, they continue to update their chart of COVID-19 measures taken by governments around the world. The government measures in the chart include economic, labor and employment, health and safety, and export and import measures. Below is a list of the updated countries and a summary of the changes they are seeing. View/Download the Country Guide: Government Measures in Response to COVID-19 Today’s update includes new information as...

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