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Category: Banking

  • Indian stock market opens in green amid mixed global cues

    Source: Government of India

    Source: Government of India (4)

    The domestic benchmark indices opened higher on Thursday amid mixed global cues, with buying seen in the pharmaceutical, automotive and IT sectors in early trading.

    At approximately 9:29 am, the Sensex was trading 268.8 points, or 0.33 per cent, higher at 81,267.09, while the Nifty added 82.75 points (0.34 per cent) to reach 24,702.95.

    The Nifty Bank was down 29.70 points, or 0.05 per cent, at 55,647.15. The Nifty Midcap 100 index was trading at 58,188, having risen 263.35 points (0.45 per cent). The Nifty Smallcap 100 index was at 18,398.75 after climbing 141.65 points (0.78 per cent).

    According to analysts, the Nifty ended higher on Wednesday and the India VIX fell by nearly 5 per cent, a development that bulls would have liked to see.

    “For the Nifty, 24,462 remains intact and that’s keeping optimism alive. Should this level break, the market will most likely drop to its key support at 23,800. Short-term resistance sits between 24,760 and 24,882. Globally, stock bulls have tailwinds,” said Akshay Chinchalkar, Head of Research at Axis Securities.

    Meanwhile, in the Sensex pack, Eternal, PowerGrid, M&M, HDFC Bank, HCL Tech, TCS, IndusInd Bank and Kotak Mahindra Bank were the top gainers. Conversely, Nestle India, Titan, Bajaj Finance, Tata Motors and Tech Mahindra were the top losers.

    According to analysts, both geopolitical and economic news are likely to weigh on markets in the near term.

    “The major economic news is the sharp dip in the US ISM PMI data. This indicates that the US economy is slowing down sharply. The US 10-year bond yield has declined to 4.36 per cent and, given the slowing US economy, is likely to trend lower,” according to Dr V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd.

    “This will turn out to be good for emerging markets (EMs) like India in the medium term. ‘Buy on dips’ continues to be the ideal strategy for now. Rate-sensitive stocks will be preferred in view of the expected rate cut by the RBI MPC,” said experts.

    In the Asian markets, Hong Kong, Bangkok, Seoul, China and Jakarta were trading in the green, whereas only Japan was trading in the red.

    In the last trading session in the US, the Dow Jones closed at 42,427.74, down 91.90 points (0.22 per cent). The S&P 500 ended with a gain of 0.44 points (0.01 per cent) at 5,970.81, and the Nasdaq closed at 19,460.49, up 61.53 points (0.32 per cent).

    On the institutional front, foreign institutional investors (FIIs) were net buyers, purchasing equities worth ₹1,076.18 crore on 4 June, while domestic institutional investors (DIIs) purchased equities worth ₹2,566.82 crore.

    (IANS) 

    June 5, 2025
  • MIL-OSI Australia: Payments System Board Update: June 2025 Meeting

    Source: Airservices Australia

    At its meeting today, the Payments System Board discussed a number of issues, including:

    • ASX’s response following the CHESS batch failure incident in December 2024. The Board discussed ASX’s response to the RBA’s out-of-cycle assessment of ASX Clear and ASX Settlement, which required ASX to set out how it would strengthen resourcing and implement contingency arrangements for CHESS. The response did not address key parts of the issues raised in the assessment and provided insufficient detail on ASX’s plans to remediate these issues. The RBA has taken further steps to obtain this information and has now received additional details. The Board requested the staff to continue exploring regulatory options on resourcing for current CHESS and to ensure CHESS Replacement is designed with an appropriate level of resilience for critical financial market infrastructure.
    • Financial market infrastructure regulatory reforms and resolution planning. The Board welcomed progress in operationalising powers to prevent or resolve a crisis at an Australian clearing and settlement facility. The Board endorsed a public consultation on guidance that will provide stakeholders with information about when and how the RBA would generally expect to exercise its crisis resolution powers. The public consultation is expected to commence shortly.
    • The safety and resilience of Australia’s real-time gross settlement system. The Board received an update on progress against the recommendations from the March 2024 Assessment of the Reserve Bank Information and Transfer System (RITS). The update covered key areas of oversight focus, such as change management and cyber resilience, as well as updates regarding the RBA’s uplift in risk management and culture, IT controls framework, and the operating model for RITS. The Board acknowledged that while meaningful progress has been made, it is unlikely that these improvements will take full effect by the next assessment of RITS, which is scheduled for March 2026.
    • Review of merchant card payment costs and surcharging. The Board discussed various policy options stemming from its review into card payment costs and surcharging aimed to promote the public interest by supporting competition, efficiency and safety in the payments system. The RBA expects to release a consultation paper in July, which will seek feedback on the Board’s preliminary conclusions and draft revisions to the RBA’s standards.
    • Improving security, efficiency and competition for online card payments. The Board welcomed the Standard for Payment Service Provider Porting of Merchant Payment-Related Data (the Standard), developed by AusPayNet in consultation with industry. The Standard details a common set of requirements for the transfer of customer payment data between providers, to support merchants switching providers, including to access better payment plans. The Board expects industry participants to comply with the Standard by 1 July 2026. This is consistent with the RBA’s previously issued Expectations for Tokenisation of Payment Cards and Storage of PANs, which is aimed at improving security, efficiency and competition for online card payments.
    • ATM Access Regime. The Board approved minor amendments to the ATM Access Regime to accommodate a change in the way the associated ATM Access Code is administered by industry.
    • Amendment to the RBA policy on conflicts of interest to support constructive engagement with the payments industry. The Board approved an amendment to the RBA’s policy on Managing Potential Conflicts of Interest Arising from the RBA’s Commercial Activities to allow staff from Payments Policy Department and Banking Department to simultaneously observe and/or participate in industry committees or working groups with broad representation. This will enable staff to identify payments policy issues early and encourage industry to voluntarily put in place solutions that achieve the RBA’s public interest objectives.

    MIL OSI News –

    June 5, 2025
  • MIL-OSI Economics: Payments System Board Update: June 2025 Meeting

    Source: Reserve Bank of Australia

    At its meeting today, the Payments System Board discussed a number of issues, including:

    • ASX’s response following the CHESS batch failure incident in December 2024. The Board discussed ASX’s response to the RBA’s out-of-cycle assessment of ASX Clear and ASX Settlement, which required ASX to set out how it would strengthen resourcing and implement contingency arrangements for CHESS. The response did not address key parts of the issues raised in the assessment and provided insufficient detail on ASX’s plans to remediate these issues. The RBA has taken further steps to obtain this information and has now received additional details. The Board requested the staff to continue exploring regulatory options on resourcing for current CHESS and to ensure CHESS Replacement is designed with an appropriate level of resilience for critical financial market infrastructure.
    • Financial market infrastructure regulatory reforms and resolution planning. The Board welcomed progress in operationalising powers to prevent or resolve a crisis at an Australian clearing and settlement facility. The Board endorsed a public consultation on guidance that will provide stakeholders with information about when and how the RBA would generally expect to exercise its crisis resolution powers. The public consultation is expected to commence shortly.
    • The safety and resilience of Australia’s real-time gross settlement system. The Board received an update on progress against the recommendations from the March 2024 Assessment of the Reserve Bank Information and Transfer System (RITS). The update covered key areas of oversight focus, such as change management and cyber resilience, as well as updates regarding the RBA’s uplift in risk management and culture, IT controls framework, and the operating model for RITS. The Board acknowledged that while meaningful progress has been made, it is unlikely that these improvements will take full effect by the next assessment of RITS, which is scheduled for March 2026.
    • Review of merchant card payment costs and surcharging. The Board discussed various policy options stemming from its review into card payment costs and surcharging aimed to promote the public interest by supporting competition, efficiency and safety in the payments system. The RBA expects to release a consultation paper in July, which will seek feedback on the Board’s preliminary conclusions and draft revisions to the RBA’s standards.
    • Improving security, efficiency and competition for online card payments. The Board welcomed the Standard for Payment Service Provider Porting of Merchant Payment-Related Data (the Standard), developed by AusPayNet in consultation with industry. The Standard details a common set of requirements for the transfer of customer payment data between providers, to support merchants switching providers, including to access better payment plans. The Board expects industry participants to comply with the Standard by 1 July 2026. This is consistent with the RBA’s previously issued Expectations for Tokenisation of Payment Cards and Storage of PANs, which is aimed at improving security, efficiency and competition for online card payments.
    • ATM Access Regime. The Board approved minor amendments to the ATM Access Regime to accommodate a change in the way the associated ATM Access Code is administered by industry.
    • Amendment to the RBA policy on conflicts of interest to support constructive engagement with the payments industry. The Board approved an amendment to the RBA’s policy on Managing Potential Conflicts of Interest Arising from the RBA’s Commercial Activities to allow staff from Payments Policy Department and Banking Department to simultaneously observe and/or participate in industry committees or working groups with broad representation. This will enable staff to identify payments policy issues early and encourage industry to voluntarily put in place solutions that achieve the RBA’s public interest objectives.

    MIL OSI Economics –

    June 5, 2025
  • MIL-OSI Banking: Money Market Operations as on June 04, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,55,169.12 5.64 3.00-6.90
         I. Call Money 13,718.05 5.75 4.85-5.85
         II. Triparty Repo 3,69,233.55 5.62 5.50-5.75
         III. Market Repo 1,70,770.32 5.68 3.00-6.00
         IV. Repo in Corporate Bond 1,447.20 5.89 5.80-6.90
    B. Term Segment      
         I. Notice Money** 28.00 5.64 5.60-5.70
         II. Term Money@@ 167.00 – 5.75-6.05
         III. Triparty Repo 1,853.90 5.62 5.55-5.85
         IV. Market Repo 423.10 5.85 5.80-6.00
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Wed, 04/06/2025 1 Thu, 05/06/2025 4,271.00 6.01
         (b) Reverse Repo          
    3. MSF# Wed, 04/06/2025 1 Thu, 05/06/2025 622.00 6.25
    4. SDFΔ# Wed, 04/06/2025 1 Thu, 05/06/2025 2,99,291.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,94,398.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,321.86  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     8,321.86  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,86,076.14  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 04, 2025 9,45,785.24  
         (ii) Average daily cash reserve requirement for the fortnight ending June 13, 2025 9,41,551.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 04, 2025 4,271.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 16, 2025 3,48,763.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/478

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Banking: Joint Statement of the Association of Southeast Asian Nations (ASEAN) for the Global Platform for Disaster Risk Reduction (GPDRR) 2025

    Source: ASEAN

    We, Brunei Darussalam, the Kingdom of Cambodia, the Republic of Indonesia, the Lao People’s Democratic Republic, Malaysia, the Republic of the Union of Myanmar, the Republic of the Philippines, the Republic of Singapore, the Kingdom of Thailand, and the Socialist Republic of Viet Nam, stand united as One ASEAN on the occasion of the eighth session of the Global Platform for Disaster Risk Reduction 2025 (GPDRR 2025), in Geneva, Switzerland.
     
    We reaffirm our strong commitment to the full and effective implementation of the Sendai Framework for Disaster Risk Reduction (SFDRR) 2015-2030, including through the Asia-Pacific Action Plan 2021-2024. In line with the theme of the Global Platform for Disaster Risk Reduction (GPDRR) 2025 “Every Day Counts: Act for Resilience Today,” we are committed to accelerating efforts in building a disaster-resilient ASEAN Community by advancing the implementation of the ASEAN Agreement on Disaster Management and Emergency Response (AADMER) and AADMER Work Programme 2021-2025, which is aligned with the SFDRR. As we are developing the AADMER Work Programme 2026-2030, we remain committed to ensuring its continued alignment with the SFDRR.

    Download the full statement here.
    The post Joint Statement of the Association of Southeast Asian Nations (ASEAN) for the Global Platform for Disaster Risk Reduction (GPDRR) 2025 appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Canada: The Government of Canada outlines 2025 measures to protect Southern Resident killer whales

    Source: Government of Canada News

    The Government of Canada recognizes that Southern Resident killer whales continue to face imminent threats to their survival and recovery, and that protecting these iconic marine mammals requires comprehensive and immediate action. The 2025 management measures focus on addressing the three primary threats to Southern Resident killer whales: acoustic and physical disturbance; prey availability and accessibility; and contaminants.

    1. Acoustic and physical disturbances from vessels

    Approach distance

    Vessels must stay at least 400 metres away and must not impede the path of all killer whales year-round in Southern British Columbia coastal waters between Campbell River to just north of Ucluelet. Commercial whale-watching and ecotourism companies who receive an authorization from the Minister of Transport and Internal Trade will be able to view non-Southern Resident killer whales (such as transient (Biggs) killer whales) from 200 metres, given their expertise in identifying different types of killer whales.

    If a vessel finds itself within 400 metres of a killer whale, they are asked to turn off fish finders and echo sounders and put the engine in neutral when safe to do so to allow animals to pass.

    If a vessel is within 1,000 metres of a killer whale, they are asked to reduce speed to less than seven knots when safe to do so to lessen engine noise and vessel wake.

    To address imminent threats to Southern Resident killer whale survival and the Government of Canada’s commitment to develop longer-term actions for the recovery of Southern Resident killer whales, Fisheries and Oceans Canada proposes to increase the approach distance to 1,000 metres for Southern Resident killer whales through amendments to the Marine Mammal Regulations under the Fisheries Act. The process for amending the Marine Mammal Regulations remains ongoing. The exact scope and implementation of any regulatory measures will be informed by future consultations with directly affected First Nations, Wildlife Management Boards, stakeholders, and other affected parties upon publication of the draft regulation in the Canada Gazette, Part 1. The consultations are intended to seek feedback on the scope of these measures and identify and mitigate, to the extent possible, potential impacts.

    Speed restricted zones

    The 2025 measures continue the mandatory speed restricted zones near Swiftsure Bank, co-developed with the Pacheedaht First Nation.

    • From June 1 until November 30, 2025, all vessels must slow down to a maximum of 10 knots over ground in two speed restricted zones near Swiftsure Bank. The first area is in the Protected Fisheries Management Area 121-1 and the second speed restricted zone is located near the mouth of the Nitinat River from Carmanah Point to Longitude 125 degrees west.
    • Exemptions are in place for the following:
      • vessels in distress or providing assistance to a vessel or person in distress
      • vessels avoiding immediate or unforeseen danger
      • government or law enforcement on official business
      • permitted research if the research requires higher speed; and
      • a sailing vessel proceeding under sail and not being propelled by machinery
    • While the mandatory speed restricted zones and the voluntary slowdowns coordinated by the Vancouver Fraser Port Authority’s Enhancing Cetacean and Habitat Observation (ECHO) Program both cover known foraging areas at or near Swiftsure Bank, they are separate measures from each other and take place in different locations. The ECHO Program slowdown at Swiftsure Bank is a voluntary ship slowdown which takes effect across 23 nautical miles in both the outbound and inbound lanes at Swiftsure Bank.

    Vessel restricted zones (Formerly Interim sanctuary zones)

    Formerly known as Interim Sanctuary Zones, Vessel Restricted Zones create spaces of refuge for the whales. The location of these zones is based on scientific and Indigenous knowledge of historically important foraging areas for Southern Resident killer whales.

    • From June 1 until November 30, 2025, no vessel traffic or fishing activity is allowed in vessel restricted zones off the southwest coast of South Pender Island and the southeast end of Saturna Island. Exceptions will be allowed for emergency situations and vessels engaged in Indigenous food, social, and ceremonial fisheries.
    • To ensure the safety of those operating human-powered vessels, a 20-metre corridor next to shore will allow kayakers and other paddlers to transit through these zones. If a killer whale is in the sanctuary at the time, paddlers must remain 400 metres away from the whales.

    Voluntary speed reduction zone

    In 2025, Transport Canada is continuing with a voluntary speed reduction zone in Tumbo Channel, in effect once again from June 1 to November 30, 2025. When travelling through this area, it is recommended that vessels reduce their speed to 10 knots, when safe to do so.

    2. Prey availability

    Chinook, chum and coho salmon are an essential part of the Southern Resident killer whale diet. Last year’s process developed and consulted on salmon fisheries management measures for both 2024 and 2025, which were announced on June 3, 2024.

    To address the limited availability of prey, Fisheries and Oceans Canada is continuing a combination of fishing restrictions in key foraging areas within their critical habitat, along with voluntary measures coastwide. These measures will reduce disturbance and competition for salmon between fish harvesters and killer whales. Opportunities will be available for non-salmon related recreational and commercial fisheries, for Indigenous food, social and ceremonial harvest as well as Treaty-defined fishing access.

    For 2025, the following measures will help protect the whales’ access to salmon and minimize disturbance in key foraging areas:

    • Area-based closures in Southern Resident killer whale key foraging areas for recreational and commercial salmon fisheries:
      • around the Strait of Juan de Fuca (portions of Subareas 20-4 and 20-5) in effect from August 1 until October 31
      • Swiftsure Bank (portions of Subareas 20-1, 21-0, 121-1 and 121-2) in effect from July 15 until October 31
      • around the mouth of the Fraser River (a portion of Subarea 29-3) from August 1 to September 30
    • The Southern Gulf Islands area-based closures (Subarea 18-9 and portions of 18-2, 18-4 and 18-5) will be in effect as early as May 1, based on confirmed presence of Southern Resident killer whales. These closures will be in place until November 30, 2025.
    • All fishers are encouraged to temporarily cease fishing activities (e.g., do not haul in gear where appropriate) when killer whales are within 1,000 metres. This voluntary measure is in place year-round throughout Canadian Pacific waters.

    To address the ongoing imminent threats to Southern Resident killer whale survival and recovery, proposed adjustments to the Southern Resident killer whale commercial and recreational salmon fishing closures are being considered and consulted on for 2025 and or 2026 under the Fisheries Act to address the threat of reduced prey availability. The exact scope and implementation of any regulatory measures will be informed by consultations with directly affected First Nations, Wildlife Management Boards, industry stakeholders, and other affected parties. The consultations are intended to seek feedback on the scope of these measures and identify and mitigate, to the extent possible, potential impacts.

     

    Enhancing Cetacean Habitat and Observation Program (ECHO)

    For the ninth year in a row, the Vancouver Fraser Port Authority-led Enhancing Cetacean and Habitat Observation (ECHO) Program will coordinate large-scale threat reduction measures to support the recovery of endangered southern resident killer whales. These measures will include a ship slowdown in Haro Strait, Boundary Pass and Swiftsure Bank, and a route alteration in the Strait of Juan de Fuca. Full details of the ECHO Program’s voluntary measures, including dates, target slowdown speeds and location coordinates, are available on the ECHO Program’s website (www.portvancouver.com/echo).

    3. Contaminants

    Considering the persistence of many contaminants in the environment, the Government of Canada and its partners continue to progress on long-term actions to support Southern Resident killer whale recovery in the following areas:

    The Government of Canada has also developed and updated the online Pollutants Affecting Whales and their Prey Inventory Tool, which maps estimates of pollutant releases within the habitats of Southern Resident killer whales and their primary prey, Chinook salmon. This tool will help model the impacts of additional mitigation measures and controls.

    To better understand the threat of contaminants and to provide input into government action, the Government of Canada leads a technical working group focused on contaminants in the environment. This group is comprised of key partners from all orders of government, academia and non-governmental organizations and:

    • has identified priority contaminants of concern;
    • has provided recommendations for the long-term actions to support Southern Resident killer whale recovery; and
    • conducts important monitoring and research, to identify contaminant exposures to Southern Resident killer whales, their habitat and their prey.

    In addition, the group continues to recommend and develop environmental quality guidelines for the protection of Southern Resident killer whales and their prey and compares them with monitoring data to identify areas of potential risk for further action.

    Compliance with management measures depends on public awareness. The Government of Canada continues to collaborate with educational organizations, environmental groups, Indigenous partners, and government bodies to raise awareness of the Southern Resident killer whale protection measures through public education and outreach efforts. For further information, please see Whales and contaminants – Canada.ca and how Canada is reducing the threat of contaminants to Southern Resident Killer Whales – Canada.ca.

    MIL OSI Canada News –

    June 5, 2025
  • MIL-OSI Canada: Government of Canada announces 2025 measures to protect Southern Resident killer whales

    Source: Government of Canada News (2)

    June 4, 2025            British Columbia, Canada                            

    The government is acting to protect Canada’s nature, biodiversity and water. Southern Resident killer whales are iconic to Canada’s Pacific coast and hold deep cultural significance for Indigenous Peoples and coastal communities in British Columbia.  

    That’s why today, the Minister of Transport and Internal Trade, the Honourable Chrystia Freeland, the Minister of Fisheries, the Honourable Joanne Thompson, and the Minister of Environment and Climate Change Canada, the Honourable Julie Dabrusin, announced measures to protect Southern Resident killer whales on the west coast.

    These measures will primarily address acoustic and physical disturbance to Southern Resident killer whales from recreational, fishing, and whale watching vessels.

    The 2025 vessel and fishery measures include: 

    • Two mandatory speed restricted zones near Swiftsure Bank, effective June 1 to November 30, 2025.
    • Two vessel restricted zones off Pender and Saturna Islands, effective June 1 to November 30, 2025.
    • The continued requirement for vessels to stay at least 400 metres away from all killer whales, and a prohibition from impeding the path of all killer whales in Southern British Columbia coastal waters between Campbell River and Ucluelet, including Barkley and Howe Sound. This is now in effect until May 31, 2026.
    • A voluntary speed reduction zone in Tumbo Channel, off the North side of Saturna Island, effective June 1 to November 30, 2025.
    • An agreement with authorized local whale watching and ecotourism industry partners to abstain from offering or promoting tours viewing Southern Resident killer whales.
    • Fishery closures for commercial and recreational salmon fisheries in key Southern Resident killer whale foraging areas.  
    • Continued actions to reduce contaminants in the environment affecting whales and their prey, including developing tools to track pollutants and their sources and monitoring contaminants in air, freshwater, sediments, and wastewater.

    Fisheries and Oceans Canada proposes to increase the approach distance to 1,000 metres for Southern Resident killer whales through amendments to the Marine Mammal Regulations under the Fisheries Act.

    The federal government will continue its ongoing efforts and long-term actions alongside all partners, including First Nations, stakeholders, and the marine and tourism industries to support the protection and recovery of the Southern Resident killer whale population.

    MIL OSI Canada News –

    June 5, 2025
  • MIL-OSI United Kingdom: Biggest shake-up of jobcentres in decades gets underway

    Source: United Kingdom – Executive Government & Departments

    Press release

    Biggest shake-up of jobcentres in decades gets underway

    Launch of a new, locally-led approach to jobseeker support begins in Wakefield, West Yorkshire. 

    • Jobs and careers service Pathfinder will test bold ideas including a new Coaching Academy and more personalised jobcentre appointments 
    • Further Pathfinders to be rolled out across the country this year to break down barriers to opportunity and put more money in people’s pockets as part of the Government’s Plan for Change. 

    Jobseekers across the country are set to benefit from a groundbreaking new approach to the service Jobcentres provide. This will include a new Coaching Academy; careers events focused on local growth sectors and more personalised Jobcentre appointments.   

    The jobs and careers service in Wakefield, West Yorkshire, yesterday (Wednesday 4th June) became the first to trial the new scheme – marking the start of the biggest reform of Jobcentres in decades.   

    The Jobcentre will test bold ideas to better work with employers, deliver services and get people into work. The reforms are aimed at involving local areas in the design of services and bring to an end a Whitehall-led, one-size-fits-all approach.   

    Following the launch of the jobs and careers service Pathfinder in Wakefield, further Pathfinders will be rolled out across the country this year as the Government drives forward with its plan to Get Britain Working.

    This is a key part of the growth mission, as we help more people across the country into good, secure jobs so they can get on in life and fulfil their ambitions.

    Minister for Employment, Alison McGovern said:   

    Our one-size-fits-all, tick box approach to jobs support is outdated and does not serve those looking to better their lives through work.   

    We are building a proper public employment service in partnership with local leaders that truly meets community challenges and unlocks opportunity.   

    The launch of the Pathfinder in Wakefield is the first step in this transformation as we continue to Get Britain Working, boost living standards and put more money in people’s pockets, under our Plan for Change.

    The Pathfinder will look at new ways to support customers and how everyone, not just Jobcentre customers, can receive employment support. It is being co-designed with local leaders from West Yorkshire Combined Authority and Wakefield Local Authority.

    As part of this and in a direct response to insight that only 9% of employers currently recruit through Jobcentres, a series of careers events focused on local growth sectors will be delivered in Wakefield to match local talent with local opportunities.

    The first of these events took place during yesterday’s launch and focused on West Yorkshire’s thriving creative sector. It was attended by skills providers and local employers including Production Park – home to sets of Netflix series’ including Bank of Dave. Events to serve the local manufacturing and technology sectors will take place in the coming months and are open to all, not just Jobcentre customers.

    In addition to this tests of a new Get Britain Working ‘Coaching Academy’ to train up DWP staff will help ensure jobseekers receive improved support. Changes to appointments will also mean DWP services in Wakefield will provide more personalised support for claimants to help them move into stable, long-term work.

    Mayor of West Yorkshire, Tracy Brabin said:  

    People stand a better chance of landing a good job when they are treated with dignity and respect at a trusted local Jobcentre. 

    These reforms will empower us to build on our West Yorkshire model of joining up employment support with health and employer-led services, to provide personalised support that gets people into work and puts more money in people’s pockets.

    Working with the government, we’re investing almost £40 million to help guarantee a healthy working life to everyone in our region, and as the test-bed for the new national Jobs and Careers Service, Wakefield will lead the way on transforming our welfare system to get Britain working.

    Wakefield will be the first city to test new ideas for the new jobs and careers service, ensuring that the service and its policies can be scaled up before being rolled out across the nation. Further Pathfinders, including ones that are focused on support for young people and those with health conditions will be launched later this year.  

    The Jobs and Careers Service Pathfinder builds on wider investment in West Yorkshire, including £18 million for an inactivity trailblazer and an NHS Accelerator. The inactivity trailblazer launched in April, to boost employment in areas with the highest levels of economic inactivity, as the government gets Britain back to health and back to work. The NHS Accelerator will help to prevent people from falling out of work completely due to ill health. 

    The Pathfinder comes as the government continues to drive to Get Britain Working through boosting the National Living Wage, creating more secure jobs through the Employment Rights Bill and delivering a Youth Guarantee so every young person is either learning or earning.  

    Further Information

    • Key findings from the Department for Work and Pensions (DWP) 2024 Employer Survey: DWP Employer Survey 2024 – GOV.UK  
    • The local Get Britain Working Plan guidance has been published: Guidance for Developing local Get Britain Working plans (England) – GOV.UK  
    • The guidance will ensure all areas are working towards the government’s 80% employment ambition.  
    • Employment support measures are fully transferred to Northern Ireland. Jobcentre Plus services is reserved in both Scotland and Wales, but the Scottish Government and the Welsh Government also deliver other forms of employment support. The funding announced in the Pathways to Work Green Paper is UK wide, the share of funding for devolved Governments will be calculated in the usual way.  
    • The UK Government also plans to establish new governance arrangements with the Scottish and Welsh Governments to help frame discussions around the reform of Jobcentres and agree how best to work in partnership on shared employment ambition across devolved and reserved provision.

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    Published 5 June 2025

    MIL OSI United Kingdom –

    June 5, 2025
  • MIL-OSI USA: Warner, Kaine, Colleagues Press Trump Administration for Answers and Demand Reversal of Termination of Temporary Protected Status for Afghans Living in the U.S.

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine
    WASHINGTON, D.C. – Today, U.S. Senators Mark R. Warner and Tim Kaine, a member of the Senate Foreign Relations Committee, (both D-VA) joined nearly 100 of their congressional colleagues in pressing the Departments of Homeland Security (DHS) and State regarding the Trump Administration’s decision to terminate Temporary Protected Status (TPS) for Afghan nationals living in the United States. Following the U.S. withdrawal from Afghanistan, nearly 200,000 Afghans came to the U.S. From 2018 to 2022, nearly 20,000 of these individuals settled in Virginia—the most of any state after California.
    In the letter sent to DHS Secretary Kristi Noem and Secretary of State Marco Rubio, the lawmakers noted the thousands of lives this decision could endanger—particularly the lives of many Afghans who supported the U.S. efforts during the war in Afghanistan and face significant danger upon their return to Afghanistan. The lawmakers also urged the Trump Administration to reverse course and continue TPS for Afghans.
    “We write with deep concern about the Department of Homeland Security’s termination of Temporary Protected Status (TPS) for Afghanistan, which is scheduled to take effect on July 14, 2025. This decision is devastating for resettled Afghan nationals in the United States who have fled widespread violence, economic instability, challenging humanitarian conditions, and human rights abuses in their home country,” the lawmakers wrote. “Many of these Afghans fearlessly served as strong allies to the United States military during the war in Afghanistan, and we cannot blatantly disregard their service. We respectfully ask that you redesignate Afghanistan for TPS to ensure Afghan nationals in the U.S. are not forced to return to devastating humanitarian, civic, and economic conditions.”
    The lawmakers continued, “The Secretary of Homeland Security ‘may designate a foreign country for TPS due to conditions in the country that temporarily prevent the country’s nationals from returning safely, or in certain circumstances, where the country is unable to handle the return of its nationals adequately.’  This is why, following the withdrawal of American troops and the return of the Taliban to power in Afghanistan, in May 2022 the U.S. designated Afghanistan for TPS.”
    “The grave conditions that forced Afghan nationals to flee and seek refuge in the U.S. following the return of the Taliban to power remain. Because of this harsh reality, forcing Afghan nationals in the U.S. to return to Afghanistan would be reckless and inhumane, and would threaten the safety and well-being of thousands of individuals and families, especially women and girls,” the lawmakers stressed.
    The lawmakers closed the letter requesting the following information:
    Please provide any reports that credibly determine that conditions have improved in Afghanistan since 2023. 
    The TPS termination announcement stated that “there are recipients who have been under investigation for fraud and threatening our public safety and national security.” Please provide additional details on how the Administration made this determination and how widespread these allegations of fraud and threats are.
    Describe the collaboration with the Department of Homeland Security and Department of State to reach the determination that Afghanistan no longer meets the conditions for designation for TPS.
    Please provide any reports that indicate the Taliban is no longer a threat to Afghan nationals that assisted the United States military during the war in Afghanistan.
    What steps are you taking to ensure that Afghan nationals who previously had TPS will not be sent back to persecution or torture in Afghanistan?
    In addition to Warner and Kaine, the letter was signed by U.S. Senators Chris Van Hollen (D-MD), Amy Klobuchar (D-MN), Angela Alsobrooks (D-MD), Tammy Baldwin (D-WI), Richard Blumenthal (D-CT), Cory Booker (D-NJ), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), Tammy Duckworth (D-IL), Dick Durbin (D-IL), John Fetterman (D-PA), Kirsten Gillibrand (D-NY), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Mark Kelly (D-AZ), Andy Kim (D-NJ), Angus King (I-ME), Ed Markey (D-MA), Alex Padilla (D-CA), Jack Reed (D-RI), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Adam Schiff (D-CA), Tina Smith (D-MN), Rev. Raphael Warnock (D-GA), Peter Welch (D-VT), and Ron Wyden (D-OR). The letter is signed by 72 members of the U.S. House of Representatives.
    A copy of the letter is available here and below.
    Dear Secretary Noem and Secretary Rubio:
    We write with deep concern about the Department of Homeland Security’s termination of Temporary Protected Status (TPS) for Afghanistan, which is scheduled to take effect on July 14, 2025. This decision is devastating for resettled Afghan nationals in the United States who have fled widespread violence, economic instability, challenging humanitarian conditions, and human rights abuses in their home country. Many of these Afghans fearlessly served as strong allies to the United States military during the war in Afghanistan, and we cannot blatantly disregard their service. We respectfully ask that you redesignate Afghanistan for TPS to ensure Afghan nationals in the U.S. are not forced to return to devastating humanitarian, civic, and economic conditions.
    The Secretary of Homeland Security “may designate a foreign country for TPS due to conditions in the country that temporarily prevent the country’s nationals from returning safely, or in certain circumstances, where the country is unable to handle the return of its nationals adequately.”  This is why, following the withdrawal of American troops and the return of the Taliban to power in Afghanistan, in May 2022 the U.S. designated Afghanistan for TPS.  In September 2023, the U.S. extended and redesignated TPS for Afghanistan. The Administration’s decision to terminate TPS for Afghanistan negatively impacts approximately 9,000 Afghan nationals.
    In your announcement, you state that “there are notable improvements in the security and economic situation such that requiring the return of Afghan nationals to Afghanistan does not pose a threat to their personal safety due to armed conflict or extraordinary and temporary conditions.”  But you also concede that threats of violence and terrorism, as well as humanitarian concerns, remain.  The Islamic State Khorasan Province (ISKP), the Afghan affiliate of the Islamic State (ISIS), continues to launch attacks against ethnic and religious minorities and against the Taliban, leading to innocent civilian casualties. If Afghan nationals are forced to return to Afghanistan, they will be caught in the crossfire between the Taliban and ISKP.  According to Human Rights Watch, in 2024, Taliban authorities intensified their crackdown on human rights, especially against women and girls. Women and girls are banned from attending secondary school or university and are unable to move freely. The Taliban also continues to detain and torture journalists, curtailing free speech and media. The 2023 U.S. State Department Human Rights Report covering Afghanistan found that women’s rights rapidly declined and restrictions on freedom of expression increased. The horrific human rights conditions in Afghanistan are unsafe for Afghan nationals to return to and returning would put their personal safety at immediate risk.
    We are also deeply concerned about the State Department Human Rights Report finding that widespread arbitrary and unlawful killings against officials associated with the pre-August 2021 government have occurred.  Afghan nationals who assisted the U.S. military should not be put in harm’s way because they supported the U.S. in its fight against the Taliban. This would be a betrayal of those who bravely served alongside our servicemembers for nearly two decades.
    Afghan civilians still face devastating humanitarian and economic conditions. Over half of the population in Afghanistan needs urgent humanitarian assistance. Human Rights Watch reports that in 2024, 12.4 million people were facing food insecurity and 2.9 million were at emergency levels of hunger.  The World Bank also found that in Afghanistan, as of May 2025, “per capita income has stagnated, while poverty and food insecurity remain pressing challenges, exacerbated by high unemployment and restrictions on women’s economic participation.” 
    The grave conditions that forced Afghan nationals to flee and seek refuge in the U.S. following the return of the Taliban to power remain. Because of this harsh reality, forcing Afghan nationals in the U.S. to return to Afghanistan would be reckless and inhumane, and would threaten the safety and well-being of thousands of individuals and families, especially women and girls.
    In August 2021, Americans welcomed Afghan nationals at Washington Dulles International Airport in Virginia with open arms, and we refuse to turn our backs on them now.  We strongly urge you to reconsider your decision to terminate TPS for Afghanistan and ask that you respond to the following requests no later than two weeks of receipt of this letter:
    Please provide any reports that credibly determine that conditions have improved in Afghanistan since 2023. 
    The TPS termination announcement stated that “there are recipients who have been under investigation for fraud and threatening our public safety and national security.” Please provide additional details on how the Administration made this determination and how widespread these allegations of fraud and threats are.
    Describe the collaboration with the Department of Homeland Security and Department of State to reach the determination that Afghanistan no longer meets the conditions for designation for TPS.
    Please provide any reports that indicate the Taliban is no longer a threat to Afghan nationals that assisted the United States military during the war in Afghanistan.
    What steps are you taking to ensure that Afghan nationals who previously had TPS will not be sent back to persecution or torture in Afghanistan?
    Thank you for your attention to this urgent matter and we hope to receive your responses soon.
    Sincerely,

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI USA: Luján, Klobuchar Lead Senate Spotlight Forum on Devastating Impact of GOP SNAP Cuts

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Spotlight Forum Follows CBO Analysis Warning That Millions of Food-Insecure Americans Will Face Higher Food Costs;

    Lawmakers, Experts Warn of National Hunger Crisis and State Budget Shortfalls Under GOP Proposal

    More photos available HERE.

    Washington, D.C. – Today, U.S. Senator Ben Ray Luján (D-N.M.), Ranking Member of the Subcommittee on Food and Nutrition, Specialty Crops, Organics, and Research, and U.S. Senator Amy Klobuchar (D-Minn.), Ranking Member of the Senate Agriculture, Nutrition, and Forestry Committee, led a Senate Spotlight Forum titled “Hunger by Design: The GOP’s Assault on SNAP,” bringing together national experts and advocates to highlight the dangerous consequences of Congressional Republicans’ proposal to slash the Supplemental Nutrition Assistance Program (SNAP) by $300 billion.

    SNAP is a lifeline for over 42 million Americans, including 16 million children, 8 million seniors, 4 million people with disabilities, and 1.2 million veterans. The forum followed House Republicans’ Big, Beautiful Betrayal of American families – cutting SNAP by 30% – the largest cut in the program’s history. These cuts will raise grocery costs for more than 4 million Americans in need by taking away or reducing their food assistance.

    “The House Republican bill proposes the deepest cuts to SNAP in American history – gutting $300 billion in nutrition assistance and forcing states to take on more than $150 billion in costs. This would dismantle one of our most effective anti-poverty programs and hurt millions of Americans – including children, seniors, veterans, and people with disabilities,” said Senator Luján. “In New Mexico, I’ve heard directly from food banks, farmers, and families already stretched thin. These cuts would only make it harder for them to get by.

    “I was honored to lead this forum alongside Senator Klobuchar and to stand with my Democratic colleagues in fighting these extreme GOP cuts. I was especially proud to elevate the voice of Katy Anderson from Roadrunner Food Bank of New Mexico, who brought critical insight into how these cuts would impact communities on the ground. The testimony of our witnesses reminded us what’s really at stake – and why we have to keep fighting,” continued Senator Luján. 

    “House Republicans’ bill will rip the rug out from under families who count on SNAP to put food on the table. It will mean more seniors, children, veterans, and people with disabilities will go to bed hungry,” said Senator Klobuchar.

    “The House Republican bill will upend state budgets – forcing states to make impossible choices between food assistance and other priorities, like education, health, and public safety. It will devastate our farmers, who stand to lose $35 billion in revenue over the next decade. It will mean more food pantries with empty shelves. These cuts will cost jobs and wages for everyone who is a part of the food system – from truck drivers to local grocers. SNAP supports nearly 390,000 jobs and $20 billion in wages every year for workers. We are fighting this in the Senate every step of the way,” continued Senator Klobuchar.

    Witnesses warned that the House bill would reduce or terminate food assistance for millions and shift over $150 billion in costs to states, forcing them to cut benefits or restrict eligibility. These changes could strain state budgets, particularly when combined with similar proposed Medicaid cuts.

    The forum featured testimony from:

    • Dr. Diane Whitmore Schanzenbach, Margaret Walker Alexander Professor, Northwestern University
    • Barbara C. Guinn, Commissioner, NY State Office of Temporary and Disability Assistance
    • Katy Anderson, Vice President of Strategy, Partnerships and Advocacy, Roadrunner Food Bank of New Mexico
    • Jade Johnson, Mother and Student

    “SNAP provides very important help to a very wide range of Americans who struggle to put food on the table. The provisions in the recently passed House bill would cause substantial harm to children, older Americans, and low-wage workers. This new requirement for states to pay for up to 25% of SNAP benefits would substantially reduce the effectiveness of the program in times of economic downturn,” said Dr. Diane Whitmore Schanzenbach in her opening statement.

    “The cuts put forward by the recently passed House reconciliation bill would harm individuals and states nationwide by forcing billions of dollars in annual cost shifts alongside unprecedented administrative hurdles that will harm households that rely on SNAP,” said Barbara C. Guinn in her opening statement.

    “SNAP continues to be our country’s most important and effective anti-hunger program. It plays an important role in New Mexico, with 21 percent of the state’s residents relying on the program in order to ensure access to food. More than 61 percent of participants are in families with children, 31 percent are in families with members who are older adults or are disabled, and 43% are in working families. The vast majority of SNAP recipients in New Mexico and across the country are children and seniors,” said Katy Anderson in her opening statement. 

    “SNAP benefits are the only way we can regularly afford to put food on the table. I would never have time to work a third job to make up for the loss of my SNAP benefits and care for my child effectively. With costs going up on things like rent and other basic necessities, my income gets completely eaten up before I am able to even think about buying food,” said Jade Johnson in her opening statement. 

    The lawmakers and experts warned that an estimated 500,000 children would lose school meals tied to SNAP eligibility; emergency food providers, already stretched thin, would be unable to meet the increased demand; and farmers, rural grocery stores, and small businesses would see declines in revenue.

    Since its creation, SNAP has operated with a consistent national benefit structure that ensures Americans, no matter where they live, can access basic nutrition. The proposed changes would undermine that structure and deepen hunger across the country.

    Footage of the full forum can be found HERE.

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI USA: Proposition 123 Equity Program to Support 1,017 Affordable Housing Units Across Colorado

    Source: US State of Colorado

    DENVER – Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced eleven recipients of voter-approved Proposition 123 Equity funds. This funding is intended to provide investment capital for an estimated 1,017 low- and middle-income multifamily affordable rental housing units in communities across the state including Buena Vista, Denver, Monte Vista and Trinidad. 

    “We are focused on building more housing Coloradans can afford and these funds are an important step in building more homes across the state so Coloradans can live where you choose, close to jobs, schools, in the communities we love,” said Gov. Jared Polis. 

    Among the recipients, the Fieldhouse Apartments in Idaho Springs plans to serve residents earning 70% – 100% of the Area Median Income (AMI), and will offer a preference to local school district employees. The proposed Holy Trinity Apartments is an adaptive reuse of the Historic Holy Trinity Convent and School, located in downtown Trinidad. The development of St. Louis Landing Phase I will include a purpose-built Early Childhood Learning Center and offer units for residents earning 30% – 120% AMI in Fraser. Denver’s Blue Room House plans to offer rental apartments between 30% – 80% AMI, using modular construction. 

    Five recipients plan to utilize modular and off-site construction, including Colorado manufacturers Vederra Modular, Aboda, and Fading West, all companies supported by the Innovative Housing Incentive Program (IHIP) and Proposition 123’s Modular and Factory-built Finance program as part of the state’s efforts to support and grow this industry. 

    “We’re committed to strengthening economies across Colorado by ensuring everyone has a place to call home. These investments will strengthen communities while providing residents the opportunity to benefit directly from the success of these developments through the Tenant Equity Vehicle, expected to launch this year,” said Eve Lieberman, OEDIT Executive Director. 

    The Proposition 123 Equity program offers below-market-rate equity investments for developers focused on building low- and/or middle-income housing. The recipients announced today prioritized the State’s strategic land use goals including transit oriented development or walkability to a community job center, water and energy efficient or all electric design, plus demonstrating a readiness to proceed. In addition, residents will benefit from the Tenant Equity Vehicle (TEV), a program being designed to share Proposition 123 program earnings with tenants to assist with building up savings that can be used for down payment assistance or other important needs. 

    “These investments will support the development of quality affordable housing in communities located throughout Colorado,” said Thomas Bryan, Executive Director and Chief Executive Officer of CHFA. “In addition, the Tenant Equity Vehicle is an exciting innovation to further support housing stability and economic prosperity for residents supported by the Equity program.” 

    A total of $67,500,074 has been preliminarily approved for the eleven recipients. Final award details will be determined during the underwriting process for each project. The AMIs proposed by the recipients range from 30% – 120% AMI. 

    The awardees include: 

    Alpine Valley Apartments – $3,700,00 – Monte Vista 2
    6 units for tenants earning 80%-120% of the AMI 

    Balsam Townhomes – $1,881,360 – Lakewood 
    20 units for tenants earning 90% of the AMI 

    Blue Room House One – $3,800,000 – Denver 
    54 units for tenants earning 30%-80% of the AMI 

    Cityline Station Phase II – $8,049,671 – Greeley 
    310 units for tenants earning 70%-90% of the AMI Exodus at 

    Green Valley Ranch – $9,000,000 – Denver 
    205 units for tenants earning 70%-90% of the AMI 

    Fieldhouse Apartments – $8,500,000 – Idaho Springs 1
    20 units for tenants earning 70%-100% of the AMI 

    Holy Trinity Apartments – $6,889,956 – Trinidad 
    46 units for tenants earning 80%-100% of the AMI 

    St. Louis Landing Phase I – $12,900,000 – Fraser 
    129 units for tenants earning 30%-120% of the AMI 

    Teller Street Apartments – $6,500,000 – Arvada 
    54 units for tenants earning 70%-90% of the AMI 

    The Crossing Apartments – $4,279,087 – Buena Vista 
    33 units for tenants earning 90% of the AMI 

    The Flour Mill – $2,000,000 – Salida 
    20 units for tenants earning 80%-100% of the AMI 

    The Equity program is funded by the Affordable Housing Financing Fund established by Proposition 123, which is managed by OEDIT and administered by CHFA to distribute 60% of Proposition 123 funding in support of land banking, equity and concessionary debt for affordable housing. With the projects announced today, approximately $252 million has been awarded through the Affordable Housing Financing Fund. 

    Ongoing updates on funding are available at coloradoaffordablehousingfinancingfund.com and by signing up to receive newsletter updates. 

    About the Colorado Affordable Housing Financing Fund 

    Passed by voters in November 2022, Proposition 123 established the State Affordable Housing Fund to advance the development and preservation of affordable housing in Colorado. The measure directs 40% of those funds to the Colorado Affordable Housing Support Fund administered by the state Department of Local Affairs (DOLA) and 60% of funds to the Colorado Affordable Housing Financing Fund managed by OEDIT. OEDIT selected Colorado Housing and Finance Authority (CHFA) to serve as the Affordable Housing Financing Fund third-party administrator. The Affordable Housing Financing Fund consists of three programs: Land Banking, Equity and Concessionary Debt. 

    About the Colorado Office of Economic Development and International Trade (OEDIT) 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT. 

    About Colorado Housing and Finance Authority (CHFA) 

    For more than 50 years, CHFA has strengthened Colorado by investing in affordable housing and community development. CHFA invests in affordable homeownership, the development and preservation of affordable rental housing, helps small- and medium-sized businesses access capital, offers technical assistance and financial support to strengthen local communities, and supports mission-aligned nonprofits through philanthropic investment. CHFA is not a state agency. CHFA is a self-sustaining public enterprise. For more information about CHFA, please visit chfainfo.com or call 1.800.877.chfa (2432).

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI: Federal Home Loan Bank of Des Moines awards $20 million to support Minnesota communities through the Member Impact Fund

    Source: GlobeNewswire (MIL-OSI)

    Des Moines, Iowa, June 04, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of Des Moines (FHLB Des Moines) has awarded $20 million to 174 financial institution members to be distributed alongside their own grant contributions to hundreds of eligible not-for-profit and government organizations in Minnesota.

    Funding was made possible through the Member Impact Fund, a matching grant program designed to amplify FHLB Des Moines member financial institutions’ donations that provide critical financial support for affordable housing and community development initiatives in targeted areas of the FHLB Des Moines district.

    With 798 applications awarded, FHLB Des Moines matched $3 for every $1 contributed by a member institution. These combined grants range from $10,000 to $1,000,000.

    Since its launch in 2023, the Member Impact Fund has supported affordable housing and community development with more than $70 million in grants from FHLB Des Moines, resulting in combined grants of over $95 million. Every eligible grant application has been awarded funds.

    “The Member Impact Fund enables our members to directly support local organizations who matter to them, creating value and a profound impact in their own communities,” said Kris Williams, president and CEO of FHLB Des Moines. “The commitment of our members to champion their local organizations inspires us all.” 

    FHLB Des Moines provides funding solutions to more than 1,200 members to support mortgage lending, economic development and affordable housing in the communities they serve. Member Impact Fund awards are given in partnership with FHLB Des Moines member financial institutions to strengthen the ability of not-for-profits or government entities to serve the affordable housing or community development needs of their communities.

    ###

    About Federal Home Loan Bank of Des Moines

    The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is deeply committed to strengthening communities, serving 13 states and three U.S Pacific territories as a member-owned cooperative. We work together with over 1,200 member financial institutions to support affordable housing, economic development and community improvement.

    FHLB Des Moines is one of 11 regional Banks that make up the Federal Home Loan Bank System. Members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions. FHLB Des Moines is wholly owned by its members and receives no taxpayer funding. For additional information about FHLB Des Moines, please visit www.fhlbdm.com.

    The MIL Network –

    June 5, 2025
  • MIL-OSI Banking: 4 June 2025 ‘New Horizons 2025’ Zabaykalye International Economic Forum to be held on 25–27 June as off-site event of EEF

    Source: Eastern Economic Forum

    Participant Package

    • participation at all business and cultural programme events at the Forum (excluding invitation only events);
    • access to EEF 2021 exhibitions;
    • access to networking areas at the Forum venue (excluding invitation only event locations).

    EUR 3,924 (inc. VAT 20%)*
    USD 4,392 (inc. VAT 20%)*

    STANDARD PACKAGE

    • All events on the business programme (except the plenary session and invitation-only events)
    • Excludes opportunity to attend the plenary session
    • Access to the business networking areas at the Forum venue (except the plenary session area in the run-up to and during the plenary session and invitation-only networking areas)

    EUR 2,352 (inc. VAT 20%)*
    USD 2,640 (inc. VAT 20%)*

    If you received an invitation or your application to attend a Roscongress Foundation event in 2020 (Russia House in Davos, Russian Investment Forum, St. Petersburg International Economic Forum) was approved by the relevant Organizing Committee, you can simply submit an application to participate in EEF 2020 through your Roscongress personal account, as your personal account has already been created. For more information, visit the Roscongress personal account section.

    Your personal account login and password information, were previously sent to you by the email specified during registration. You can restore access to your account by calling the Forum information centre at: +7 (499) 7000 111.

    Start off by accessing the ‘Events’ section of your account. In the ‘Upcoming’ section, select the Eastern Economic Forum from the list of events and then select the ‘Registration’ section. The application will automatically insert the data from your account profile.

    Please review the passport data in your participation application carefully. If any of your data has changed since you have registered your account, please update those data points in your participation application. Please complete any empty fields and press the ‘Save’ button.

    To edit the data in the general settings of your account, please contact our information centre at: +7 (499) 7000 111.

    If you have not submitted an application to attend a Roscongress Foundation event in 2020 (Russia House in Davos, Russian Investment Forum, St. Petersburg International Economic Forum), you must apply through the participation application on the EEF 2020 website. Sometime after you have submitted your application, an email containing your login and password information for your Roscongress personal account will be sent to the email you provided in the application. For more information, visit the Roscongress personal account section.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Banking: 4 June 2025 Delegation from Qatar visited Republic of Kalmykia to discuss joint tourism and investment projects A delegation from the State of Qatar, led by Ambassador Extraordinary and Plenipotentiary Sheikh Ahmed Nasser Al-Thani, visited the Republic of Kalmykia as part of a fact-finding tour aimed at studying the region’s natural and tourism potential, as well as developing international cooperation in the field of environmental protection and sustainable development. The visit was the result of active work by the Qatari delegation at the Caucasus Investment Forum on 25–27 May, where issues related to the development of Russian-Qatari trade, economic, environmental and investment projects were discussed. During the visit Ambassador Extraordinary and Plenipotentiary of the State of Qatar Sheikh Ahmed Nasser Al-Thani met with Batu Khasikov, Head of the Republic of Kalmykia.

    Source: Eastern Economic Forum

    4 June 2025

    Delegation from Qatar visited Republic of Kalmykia to discuss joint tourism and investment projects

    A delegation from the State of Qatar, led by Ambassador Extraordinary and Plenipotentiary Sheikh Ahmed Nasser Al-Thani, visited the Republic of Kalmykia as part of a fact-finding tour aimed at studying the region’s natural and tourism potential, as well as developing international cooperation in the field of environmental protection and sustainable development. The visit was the result of active work by the Qatari delegation at the Caucasus Investment Forum on 25–27 May, where issues related to the development of Russian-Qatari trade, economic, environmental and investment projects were discussed. During the visit Ambassador Extraordinary and Plenipotentiary of the State of Qatar Sheikh Ahmed Nasser Al-Thani met with Batu Khasikov, Head of the Republic of Kalmykia.

     

    “Qatar rightfully holds a special place on the list of Russia’s strategic partners. Our relations are rooted in years of friendship, cooperation, and implementation of joint projects. For us, this visit is not just a sign of attention from our partners in Qatar, but a symbol of strengthened cooperation between our states. Kalmykia has unique natural resources, a rich cultural heritage and a desire for open international dialogue. Developing ties with one of the leading countries in the Persian Gulf opens up new horizons not only in the field of environmental protection and investment, but also in the humanitarian sphere, through the strengthening of cultural dialogue and mutual respect. The visit of the Qatari ambassador is an opportunity to introduce our friends to the region’s potential and meaningfully contribute to strengthening of our relationship,” noted Batu Khasikov, Head of the Republic of Kalmykia.

    The visit included a tour of Kalmykia’s national parks, an introduction to the region’s unique ecosystems, such as the Black Earth Nature Reserve, singing sand dunes, the coast of Lake Rosovoye, as well as the region’s wildlife, including saigas, horses, and camels. The programme was designed to give participants a chance to get a feel for the soul of Kalmykia: guests got to not just see the region, but really experience its atmosphere and learn about the traditions and beauty that make Kalmykia so special.

     

    “We express our sincere gratitude for the warm welcome and friendship of the people of Kalmykia. Today’s meeting reflects the bilateral efforts to strengthen friendly and neighbourly relations between the countries. The close and trusting relations between the leaders of our countries serve as a solid foundation for the implementation of joint projects in the fields of environment, sustainable development, and the exchange of tourist flows,” said Ambassador of the State of Qatar Ahmed Nasser Al-Thani.

    It is important to note that the State of Qatar has been taking part in the St. Petersburg International Economic Forum (SPIEF) since 2021, when it participated as a guest country. This status opens up broad opportunities for deepening economic, cultural and tourism cooperation between the two countries. In 2025, a representative delegation from Qatar will also take part in the SPIEF, which will be held from 18 to 21 June. In addition, a Russia – Qatar business forum was held in Moscow in April, organized with the support of the Roscongress Foundation and government agencies of both countries. The event became an important platform for discussing promising areas of cooperation and strengthening business ties between the two countries.

    The visit of the delegation from the State of Qatar to Kalmykia is an example of effective practice in getting to know Russian regions, which helps to reveal their unique natural and tourist potential. Such fact-finding tours create a foundation for promoting Russian tourist programmes in the global market, attract investment in regional infrastructure, and contribute to the recognition of Russian culture.

    “We express our gratitude to the Ambassador of the State of Qatar for his visit to Kalmykia and for supporting friendly and neighbourly relations between our countries. It is very important to develop international cooperation and showcase the unique nature of Russian regions so that people from different countries can discover the beauty and richness of our country. Exchanging experience with foreign partners helps to introduce best practices in nature conservation and create eco-friendly tourist routes. For example, programmes are already being implemented in Kamchatka where tourists can see rare birds, enjoy the unique nature of the region, as well as learn about methods of protecting them, developed with the participation of international experts. Such cooperation helps to foster a responsible attitude towards nature and supports long-term efforts to preserve unique ecosystems,” emphasized Shukhrat Razakov, Advisor to the Director General for International Cooperation and Tourism at the Kamchatka Falcon Centre.

    Such initiatives aimed at promoting regions and expanding tourism opportunities are reflected and supported by major professional platforms organized by the Roscongress Foundation. One such event is the Let’s Travel! Russian Tourism Forum, which will be held from 10 to 15 June 2025 at VDNKh in Moscow. This Forum brings together experts, regional representatives, and international partners. It provides a unique opportunity to present new routes, exchange experiences, and build effective cooperation for the development of domestic and international tourism.

    Read more

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI USA: President Trump Agrees with Senator Warren: Scrap the Debt Limit

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    June 04, 2025
    “If Republicans in Congress were serious about preventing that economic disaster, they would scrap the debt limit entirely like President Trump has called for – not increase it by $4 trillion dollars to finance tax cuts for billionaires and billionaire corporations.”
    Washington, D.C. – In response to President Donald Trump’s post, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released the following statement:
    “The independent non-partisan Congressional Budget Office confirmed today that Donald Trump’s Big Beautiful Bill will rip away health care from millions of people and increase the debt by $2.4 trillion to fund tax breaks for the ultra-wealthy. That’s a disgusting abomination, as Elon Musk made clear.
    “I’ve argued for years that a default on the national debt would be an economic catastrophe that must be avoided by getting rid of the debt limit permanently. If Republicans in Congress were serious about preventing that economic disaster, they would scrap the debt limit entirely like President Trump has called for – not increase it by $4 trillion dollars to finance tax cuts for billionaires and billionaire corporations.”

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI: Main Street Financial Services Corp. Announces Officer Termination, Appointment

    Source: GlobeNewswire (MIL-OSI)

    WOOSTER, Ohio, June 04, 2025 (GLOBE NEWSWIRE) — Main Street Financial Services Corp. (OTCQX:MSWV) (the “Company”) today announced that the Board of Directors (the “Board”) has terminated the Company’s President and Chief Executive Officer, Jay R. VanSickle II, effective June 3, 2025. In accordance with Mr. VanSickle’s employment contract, he was terminated without cause and is no longer a member of the Board. The Board has appointed Mark R. Witmer, currently a director and Executive Chair of the Company, as President and Chief Executive Officer. Mr. Witmer will also maintain his role as Chairman of the Board. Mr. Witmer has been a director and Executive Chair of the Company since 2024, following the merger of the Company and Wayne Savings Bancshares, Inc., where he previously served on the board and as Executive Chair since 2021, and has approximately 30 years of community banking experience, including commercial lending, agricultural lending and mortgage banking experience. The Board thanks Mr. VanSickle II for his contributions and looks forward to Mr. Witmer’s leadership.

    About MSWV: Main Street Financial Services Corp. is a $1.4 billion holding company headquartered in Wooster, Ohio. Its primary subsidiary, Main Street Bank Corp. was founded in 1899 and provides full-service banking, commercial lending, and mortgage services across its branch infrastructure. Today, Main Street Bank Corp operates 19 branch locations in Wooster, Ohio, Wheeling, West Virginia and other surrounding communities in Ohio and West Virginia. 

    Statements contained in this news release which are not historical facts may be forward- looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors.  Factors which could result in material variations include, but are not limited to, changes in interest rates which could affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company’s market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company from time to time.  The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occurred after the date on which such statements were made.

    Contact:

    Main Street Financial Services Corp. 
    Mark R. Witmer
    President and Chief Executive Officer
    330-264-5767
    mwitmer@mymainstreetbank.bank

    The MIL Network –

    June 5, 2025
  • MIL-OSI USA: ICYMI—Hagerty Joins Varney & Co. on Fox Business to Discuss Budget Reconciliation, Chinese Nationals’ Arrests

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking and Foreign Relations Committees, joined Varney & Co. on Fox Business to discuss the budget reconciliation package, along with two Chinese nationals charged with smuggling and potential agroterrorism.

    *Click the photo above or here to watch*

    Partial Transcript

    Hagerty on the need to pass the budget reconciliation package: “We certainly do respect the effort that Elon undertook with respect to government efficiency. We all want to see cost reductions, but I tell you: my number one goal is to avoid what would otherwise be a greater than $4 trillion tax increase on Americans. I talked with Kevin Hassett yesterday, the National Economic Advisor at the White House. Were that to happen, were we not to pass this, we’d have over $4.2 trillion tax increase on America that would cut GDP growth negative six percent. Certainly, the nation, the world, doesn’t need to see that happen. One of the overarching aims here is to create certainty in our tax code to stimulate more capital investment. That’s exactly what will happen if we pass this. And Leader [John] Thune is right, the Congressional Budget Office essentially conducted malpractice last time in 2017 when they tried to estimate the impact of that Tax Cuts and Jobs Act. They missed it by a trillion dollars of revenue. I’m very optimistic; this will help reduce the deficit.”

    Hagerty on the prospective positive financial impacts of the budget reconciliation package: “As I talk to CEOs around the country, they want to make investments here in America, but they need certainty in terms of the rule set. We can deliver that through this bill. We need to do it quickly. And if we do it quickly, we’ll be able to see a 2026 that’s going to be an incredible move forward, lots more capital investment. That capital investment begets more employment. That employment and jobs begets more economic activity. It’s a positive feedback loop that will make America grow at a great degree, much higher than the 1.8 percent that the Congressional Budget Office predicts. And if we’re at three percent or better, we’re going to see that deficit begin to close much more rapidly.”

    Hagerty on the arrest of two Chinese nationals for smuggling and potential agroterrorism: “We need to be extremely careful, particularly when you think about the movement that we’ve had with Chinese nationals, particularly those affiliated with the [People’s Liberation Army], moving into our university system. That was precisely the case here. And we need to be very, very careful about who comes in, what they’re bringing with them. And make no mistake, and I’m so pleased that [FBI Director] Kash Patel [is] in the position he’s in, because he’s seeing right through all of this. Make no mistake: the Chinese Communist Party is not our friend. This sort of infiltration, this act of agroterrorism is the last thing we need to see on American soil. And the only way to prevent it is by waking up and realizing that we’ve got to be extraordinarily careful as we allow anybody to come into this country.”

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI Russia: Financial news: Reducing the risk of servicing accounts of droppers and technical companies: methodological recommendations of the Bank of Russia

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    Bank of Russia draws attention credit institutions that shadow businesses (online casinos, cryptocurrency exchangers, financial pyramids, drug dealers, etc.) use corporate cards for their payments, which are issued to so-called technical companies.

    In order to prevent such risks, the regulator recommends that banks analyze money transfers to corporate cards of technical companies from cards of individuals and vice versa.

    Banks are also asked to implement online monitoring of client transactions to promptly identify droppers and technical companies. They must assess whether the analyzed clients have counterparties that have previously transferred money to droppers. If the risk is confirmed, the bank can introduce a limit on individual transactions for crediting money in favor of such a client, including outside working hours.

    The Bank of Russia is publishing new methodological recommendations in addition to the existing ones tools on combating money laundering and terrorist financing.

    Preview photo: Alexander Kazakov / TASS

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24675

    MIL OSI Russia News –

    June 5, 2025
  • MIL-OSI Russia: Dmitry Grigorenko: The IT industry’s contribution to the Russian economy amounted to 6%

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Deputy Prime Minister – Chief of the Government Staff Dmitry Grigorenko presented the results of monitoring the IT industry for 2024. The presentation took place as part of a meeting with digital transformation leaders at the Digital Industry of Industrial Russia conference in Nizhny Novgorod.

    “Today, digital is everywhere – in public administration, the economy, the social sphere. And the basis of these changes is the developments of our IT companies. The IT industry is actively developing. This is evident, among other things, from the solutions presented at CIPR. At the same time, there was previously no reliable and unified model for assessing the industry that would show the real picture and dynamics. We presented an approach based on departmental data on accredited IT companies. It has been verified by businesses and specialized institutes. Thus, the contribution of the IT industry to Russia’s GDP in terms of gross value added was 6%. This is many times more than previously presented estimates, because they did not include data on large technology companies with a non-core OKVED code. Based on comprehensive and regular monitoring of the IT industry, it is also proposed to analyze the effectiveness of government support measures,” said Dmitry Grigorenko.

    In the developed methodology, the IT industry is understood as a set of companies included in the register of accredited organizations operating in the field of information technology (register of IT companies). Aggregated data from the Federal Tax Service, as well as data from the Ministry of Digital Development, the Bank of Russia, the Federal Customs Service and Rosstat are used to monitor the IT industry.

    An independent methodology for assessing the IT industry was developed by ANO Digital Economy with the support of the Ministry of Digital Development. According to the results of 2024, the contribution of accredited IT companies to the Russian economy amounted to 6%. The IT industry is actively supported by the state, and for every ruble of state support invested, 2 rubles were received in taxes.

    Monitoring is planned to be carried out on an ongoing basis with the possibility of expanding the list of indicators.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    June 5, 2025
  • MIL-OSI USA: Disaster Recovery Center Relocated in Butler County

    Source: US Federal Emergency Management Agency 2

    strong>FRANKFORT, Ky. –A Disaster Recovery Center has been relocated in Butler County to offer in-person support to Kentucky uninsured and underinsured survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides. The new Disaster Recovery Center in Butler County is located at:
     
    Morgantown Elementary School, 210 Cemetery St., Morgantown, KY 42261 
    Working hours are 9 a.m. to 7 p.m. Central Time, Monday through Saturday and 1 – 7 p.m. Central Time, Sunday.
    Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations. You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance. The U.S. Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you.
    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible. The deadline to apply is June 25.
    You can visit any Disaster Recovery Center to get in-person assistance. No appointment is needed. To find all other center locations, including those in other states, go to fema.gov/drc or text “DRC” and a Zip Code to 43362. 
    You don’t have to visit a center to apply for FEMA assistance. There are other ways to apply: online at DisasterAssistance.gov, use the FEMA App for mobile devices or call 800-621-3362. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service.
    When you apply, you will need to provide:

    A current phone number where you can be contacted.
    Your address at the time of the disaster and the address where you are now staying.
    Your Social Security Number.
    A general list of damage and losses.
    Banking information if you choose direct deposit.
    If insured, the policy number or the agent and/or the company name.

    For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860 and www.fema.gov/disaster/4864. Follow the FEMA Region 4 X account at x.com/femaregion4. 

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI Banking: Verizon Business launches Vehicle-to-Everything connected-driving platform with multiple customers

    Source: Verizon

    Headline: Verizon Business launches Vehicle-to-Everything connected-driving platform with multiple customers

    Edge Transportation Exchange is an integrated mobile-network vehicle-to-everything (V2X) communication platform that allows a vehicle to communicate with other connected vehicles, road users, and infrastructure around it. Volkswagen Group of America, The Arizona Commerce Authority, Delaware Department of Transportation, and Rutgers University CAIT are already signed on as commercial users.

    What you need to know:

    • Edge Transportation Exchange leverages Verizon’s 5G and LTE networks, low-latency mobile edge computing (MEC), and geolocation technology to send alerts, messages and data between connected vehicles and infrastructure in near real time.
    • Acts as an ecosystem enabler, offering automakers, technology developers, and governments a foundation for the development of intelligent transportation use cases.
    • Current use cases include vulnerable road user awareness, roadway and weather condition alerts, and intersection traffic-signal information to help improve traffic efficiency and enable safer road use.
    • Uses a virtual architecture that reduces the need for costly physical roadside units, alleviating financial burdens for DOTs and municipal governments.

    NEW YORK, NY — Verizon Business has commercially launched Edge Transportation Exchange, a mobile-network vehicle-to-everything (V2X) communication platform for connected vehicles, with multiple customers already signed on. Following a successful 5G Automotive Association (5GAA) joint demonstration, the Arizona Commerce Authority (ACA), Delaware Department of Transportation (DelDOT), Rutgers University Center for Advanced Infrastructure and Transportation (CAIT), and Volkswagen Group of America (VW) have begun using the platform.

    The Edge Transportation Exchange solution allows vehicles to communicate and share important data with each other, pedestrians, and connected roadway infrastructure such as traffic signals, in near real time. The 5GAA joint demonstration included use cases such as informing drivers about vulnerable road users, dangerous weather and roadway conditions, and traffic signal phase and timing at intersections.

    In addition to these capabilities, Edge Transportation Exchange serves as an API-driven platform for collaborative innovation between automakers, technology developers, and municipal governments, who can leverage the mobile-network V2X technology to scale existing connected solutions or innovate new technology for road-user safety and satisfaction. Development and collaboration is convenient and centralized through the Verizon ThingSpace IoT platform.

    “Cars are evolving from mechanical vehicles to software-defined mobile devices with the ability to leverage incredible connected technology. Edge Transportation Exchange leverages that technology to give automakers, governments, and tech developers a robust platform for building out the cellular-connected future of transportation — with visibility and reliability for all road users top of mind,” said Shamik Basu, Vice President, Strategic Connectivity & IoT, Verizon Business.

    The robust integrated solution combines Verizon’s 5G and LTE mobile networks, Verizon 5G Edge mobile edge compute, and geolocation technology enhanced with Verizon Hyper Precise Location. It uses a virtual architecture that reduces the need for costly physical roadside radio units, alleviating financial burdens for DOTs and municipal governments. The data and communication capabilities from these combined technologies and environments contribute to a feature-rich, mobile network-based V2X ecosystem that users can leverage for near term applications and long term innovation at scale.

    How Users are Deploying Edge Transportation Exchange

    ACA was first to sign on as a platform partner for Edge Transportation Exchange, advancing from trial use to production. ACA is Arizona’s leading economic development organization, working collaboratively with the University of Arizona, the Arizona Department of Transportation, and the Maricopa County Department of Transportation and state and local agencies to develop new use cases and leverage existing ones — including pedestrian detection and upcoming work zone notifications — to make Arizona roadway users safer and better connected.

    DelDOT is conducting technical testing across multiple communication technologies and architectures to optimize V2X message delivery. Primary use cases being studied include red-light warnings, water-on-road warnings, and vulnerable road user (VRU) alerts to drivers.

    VW will explore use cases such as pedestrian awareness and payment applications for expedited tolling.

    Rutgers University CAIT is deploying Edge Transportation Exchange at the DataCity Smart Mobility Testing Ground, a collaborative program with Middlesex County and in partnership with the New Jersey Department of Transportation. The 2.5-mile living laboratory is equipped with self-driving-grade sensing, computing, and V2X communication technologies to facilitate the testing of Connected and Automated Vehicle (CAV) and Smart City technologies. Rutgers CAIT is using the platform to further develop virtualized cellular messaging architectures for cost-effective support of multiple CAV applications, including intersection safety, congestion mitigation, queue warning, and incident and work zone management.

    Rutgers CAIT is also researching school-zone safety applications, utilizing Edge Transportation Exchange to help deliver near real-time alerts to pedestrians and incoming vehicles at intersections with heavy school crossings, improving safety for K-12 students, their families, and crossing guards.

    MIL OSI Global Banks –

    June 5, 2025
  • MIL-OSI Europe: REPORT on strengthening rural areas in the EU through cohesion policy – A10-0092/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on strengthening rural areas in the EU through cohesion policy

    (2024/2105(INI))

    The European Parliament,

    – having regard to the Commission report of 27 March 2024 entitled ‘The long-term vision for the EU’s rural areas: key achievements and ways forward’ (COM(2024)0450),

    – having regard to its resolution of 15 September 2022 on EU border regions: living labs of European integration[1],

    – having regard to its resolution of 8 May 2025 on the ninth report on economic and social cohesion[2],

    – having regard to the opinion of the European Committee of the Regions of 15 March 2023 on targets and tools for a smart rural Europe[3],

    – having regard to the opinion of the European Committee of the Regions of 1 December 2022 on enhancing Cohesion Policy support for regions with geographic and demographic handicaps  (Article 174 TFEU)[4],

    – having regard to Articles 39, 174, 175 and 349 of the Treaty on the Functioning of the European Union (TFEU),

    – having regard to Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years 2021 to 2027[5],

    – having regard to Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’)[6],

    – having regard to Regulation (EU) 2021/2115 of the European Parliament and of the Council of 2 December 2021 establishing rules on support for strategic plans to be drawn up by Member States under the common agricultural policy (CAP Strategic Plans) and financed by the European Agricultural Guarantee Fund (EAGF) and by the European Agricultural Fund for Rural Development (EAFRD) and repealing Regulations (EU) No 1305/2013 and (EU) No 1307/2013[7],

    – having regard to Regulation (EU) 2021/2116 of the European Parliament and of the Council of 2 December 2021 on the financing, management and monitoring of the common agricultural policy and repealing Regulation (EU) No 1306/2013[8],

    – having regard to Regulation (EU) 2021/1060 of the European Parliament and of the Council of 24 June 2021 laying down common provisions on the European Regional Development Fund, the European Social Fund Plus, the Cohesion Fund, the Just Transition Fund and the European Maritime, Fisheries and Aquaculture Fund and financial rules for those and for the Asylum, Migration and Integration Fund, the Internal Security Fund and the Instrument for Financial Support for Border Management and Visa Policy[9],

    – having regard to Regulation (EU) 2021/694 of the European Parliament and of the Council of 29 April 2021 establishing the Digital Europe Programme and repealing Decision (EU) 2015/2240[10],

    – having regard to the Commission Delegated Regulation (EU) No 240/2014 of 7 January 2014 on the European code of conduct on partnership in the framework of the European Structural and Investment Funds[11],

    – having regard to Principle 20 of the European Pillar of Social Rights on access to essential services,

    – having regard to its resolution of 4 April 2017 on women and their roles in rural areas[12],

    – having regard to its resolution of 8 March 2022 on the role of cohesion policy in promoting innovative and smart transformation and regional ICT connectivity[13],

    – having regard to its resolution of 13 December 2022 on a long-term vision for the EU’s rural areas – towards stronger, connected, resilient and prosperous rural areas by 2040[14],

    – having regard to its resolution of 23 November 2023 on harnessing talent in Europe’s regions[15],

    – having regard to the Commission communication of 27 March 2024 on the 9th Cohesion Report (COM(2024)0149),

    – having regard to the Commission communication of 30 June 2021 entitled ‘A long-term Vision for the EU’s Rural Areas – Towards stronger, connected, resilient and prosperous rural areas by 2040’ (COM(2021)0345),

    – having regard to the Commission communication of 19 February 2025 entitled ‘A Vision for Agriculture and Food – Shaping together an attractive farming and agri-food sector for future generations (COM(2025)0075),

    – having regard to the Commission communication of 3 May 2022 entitled ‘Putting people first, securing sustainable and inclusive growth, unlocking the potential of the EU’s outermost regions’ (COM(2022)0198),

    – having regard to the Commission communication of 25 March 2021 on an action plan for the development of organic production (COM(2021)0141),

    – having regard to the Commission report of 17 June 2020 on the impact of demographic change (COM(2020)0241),

    – having regard to the Commission green paper of 27 January 2021 on ageing – fostering solidarity and responsibility between generations (COM(2021)0050),

    – having regard to the Commission communication of 20 May 2020 entitled ‘A Farm to Fork Strategy for a fair, healthy and environmentally-friendly food system’ (COM(2020)0381),

    – having regard to the Commission communication of 20 May 2020 entitled ‘EU Biodiversity Strategy for 2030 – Bringing nature back into our lives’ (COM(2020)0380),

    – having regard to the Commission communication of 17 November 2021 entitled ‘EU Soil Strategy for 2030 – Reaping the benefits of healthy soils for people, food, nature and climate’ (COM(2021)0699),

    – having regard to the UN Declaration on the Rights of Peasants and Other People Working in Rural Areas, adopted by the Human Rights Council on 28 September 2018,

    – having regard to general recommendation No 34 (2016) of the UN Committee on the Elimination of Discrimination against Women on the rights of rural women, adopted on 7 March 2016,

    – having regard to its resolution of 3 May 2022 on the EU action plan for organic agriculture[16],

    – having regard to the study commissioned by Parliament’s Committee on Agriculture and Rural Development entitled ‘The future of the European Farming Model: Socio-economic and territorial implications of the decline in the number of farms and farmers in the EU’, published by the Policy Department for Structural and Cohesion Policies in April 2022,

    – having regard to its resolution of 24 March 2022 on the need for an urgent EU action plan to ensure food security inside and outside the EU in light of the Russian invasion of Ukraine[17],

    – having regard to its resolution of 3 October 2018 on addressing the specific needs of rural, mountainous and remote areas[18],

    – having regard to its resolution of 9 June 2021 on the EU Biodiversity Strategy for 2030: Bringing nature back into our lives[19],

    – having regard to the Commission report of August 2019 entitled ‘Evaluation of the impact of the CAP on generational renewal, local development and jobs in rural areas’[20],

    – having regard to the opinion of the European Committee of the Regions of 26 January 2022 entitled ‘A long-term vision for the EU’s rural areas’[21],

    – having regard to the opinion of the Committee of the Regions of 19 February 2025 entitled ‘How post-27 LEADER and CLLD programming could contribute to better implementation of the long-term vision for the EU’s rural areas’[22],

    – having regard to the opinion of the European Economic and Social Committee of 23 March 2022 entitled ‘Long-term Vision for the EU’s Rural Areas’[23],

    – having regard to its resolution of 19 October 2023 on generational renewal in the EU farms of the future[24],

    – having regard to Enrico Letta’s report on the future of the single market, published in April 2024,

    – having regard to the study requested by Parliament’s Committee on Regional Development, entitled ‘EU Cohesion Policy in non-urban areas’, published by the Policy Department for Structural and Cohesion Policies in September 2020,

    – having regard to the declaration on the future of rural areas and rural development policy in the European Union, adopted by the Rural Pact Coordination Group on 12 December 2024,

    – having regard to Rule 55 of its Rules of Procedure,

    – having regard to the opinion of the Committee on Agriculture and Rural Development,

    – having regard to the report of the Committee on Regional Development (A10-0092/2025),

    A. whereas, currently, 137 million European citizens – nearly one in three – live in rural areas, which account for approximately 83 % of the EU’s territory; whereas one third of the population of rural areas lives in a border region; whereas 77 % of land used for farming (134 million hectares) and 79 % of forest (148 million hectares) are located in rural areas;

    B. whereas according to Eurostat, average income in rural areas is 87.5 % of average income in urban areas;

    C. whereas there are still disparities in cohesion policy funding between urban and rural areas, with urban areas receiving three times more cohesion funding than rural areas[25];

    D. whereas since 1991, in rural areas, the LEADER method, subsequently covered by the community-led local development policy instrument (CLLD) through local action groups (LAGs), has demonstrated that it can mobilise and empower local actors around innovative and tailored strategies;

    E. whereas rural areas are a cornerstone of the European economy, home to many ‘hidden European Champions’, and are integral to Europe’s cultural diversity; whereas they are essential for food production and security, serving as guardians of our landscapes, living rural heritage, social and cultural traditions; whereas they play a key role in promoting the strategic autonomy of the EU through the agricultural sector, which remains a strategic priority of the EU; whereas rural areas symbolise many of the aspects that make Europe attractive and liveable;

    F. whereas the promotion of minority languages can enhance awareness of local specificities, increasing the attractiveness of tourism and fostering economic activities linked to culture, education, craftsmanship and traditional products;

    G. whereas the COVID-19 pandemic highlighted a shift in perception among the public, who have recognised the potential of rural areas as a solution to the challenges arising from crises by providing a safer, more sustainable and reliable living environment;

    H. whereas cohesion policy funds alone cannot answer the increasing needs and challenges faced by rural areas in the EU; whereas greater synergies and complementarities with other EU policies, in particular with the common agricultural policy (CAP), must be ensured in order to maximise the impact of investments in rural areas, advancing the modernisation of agriculture and the development of essential services and infrastructure;

    I. whereas over 40 % of land in rural areas is used for agriculture yet sadly the contribution of agriculture, forestry and fisheries to rural regions has decreased, both in economic and employment terms, to 12 % of all jobs and 4 % of gross value added;

    J. whereas Parliament’s study on the future of the European farming model notes that the EU could lose 6.4 million farms by 2040, falling from 10.3 million in 2016 to 3.9 million;

    K. whereas, in accordance with Articles 174, 175 and 349 TFEU, the EU aims to reduce development gaps between the different regions and coordinate its policies, including using the European Structural and Investment Funds to achieve the objectives of economic, social and territorial cohesion, with a particular focus on rural areas;

    L. whereas all regions must remain eligible for funding in future cohesion policy, even strong regions facing significant transformation challenges;

    M. whereas regional actors have a deeper understanding of which projects should be prioritised for support through cohesion funds, ensuring that resources are allocated in a way that best meets the specific needs of their territories;

    N. whereas cohesion policy funds to rural areas should be further simplified with the objective of reducing administrative burdens, not only for the final beneficiaries but also for the relevant authorities, thereby also contributing to increased absorption rates;

    O. whereas rural areas in particular are facing demographic and structural challenges, such as ageing, population decline, brain drain, growing inequalities between men and women, disparities with urban areas, structural changes in the agricultural and forestry sectors, the consequences of natural disasters, the increase of energy and transport prices, a lack of services and infrastructure, in particular for vulnerable people and persons with disabilities, the impact of these challenges on income level and on the labour market, with a consequent higher unemployment rate, and a persistently large digital gap;

    P. whereas demographic challenges are particularly acute in the EU farming population, with the majority of farmers being over 50 years old;

    Q. whereas strengthening cohesion in rural areas requires the adoption of measures and initiatives aimed at supporting families, also by helping young people and parents in balancing family and professional life, thereby contributing to the sustainable development of those communities;

    R. whereas Europe’s rural areas and European farmers already play a crucial role in the climate transition, as they are the most affected by climate change both economically and socially, and whereas thanks to their efforts, some of the adverse impact of agriculture on the environment has been significantly reduced over the years; whereas the EU agricultural sector significantly reduced its greenhouse gas emissions by 24 % between 1990 and 2021 and it is responsible for 72 % of renewable energy production and holds 78 % of the untapped potential;

    S. whereas demographic changes do not affect all countries and regions equally, but have a greater impact on less developed regions, as they exacerbate existing territorial and social imbalances; whereas solutions must be found for regional imbalances and for the uneven pace of convergence between regions, some of which remain stuck in a development trap; whereas less developed regions require particular attention and support, as is the case with the EU’s rural areas and the outermost regions, due to their specific characteristics;

    T. whereas the overall percentage of the population living in rural areas has fallen significantly across the EU over the past 50 years, particularly as a result of ageing and emigration; whereas the highest percentage of people over the age of 65 is found in rural areas[26]; whereas estimates suggest that by 2033 the population of Europe’s rural areas will have shrunk by 30 million people compared with 1993;

    U. whereas the lack of or poor access to healthcare, water services, affordable housing, transport, digital infrastructure, education, financial services and recreational and cultural activities worsen the reputation of regions, and particularly rural, borderland, inland, cross-border, mountainous, insular and outermost regions, as places to live and work, especially for women, young people, ageing populations and minorities; whereas cross-border areas are particularly affected by the lack of regional connectivity in terms of transport and digital infrastructure; whereas rural areas are strongly affected by the lack of stable employment opportunities, which forces young people, in particular women, to migrate;

    V. whereas the availability and quality of water play a critical role in ensuring equitable, sustainable and productive rural livelihoods;

    W. whereas greater emphasis should be placed on preventive measures to strengthen the resilience of Europe’s rural areas to natural disasters; whereas an integrated approach to water resources management is essential both to prevent floods and to cope with droughts, in particular through a coherent use of EU funds;

    X. whereas rural areas, especially in eastern, southern and Mediterranean Europe, are the most directly affected by energy poverty and face specific challenges related to desertification, forest fires, climate change and its associated asymmetrical risks, water resource scarcity and weak infrastructure, which require a targeted approach within cohesion policy;

    Y. whereas rural areas are home to the majority of the EU’s biodiversity, yet protected habitats and species remain in poor conservation status and continue to decline due to climate change and the degradation of soil and water quality, with a negative impact on natural resources; whereas biodiversity loss has severe economic consequences for the agricultural sector and negatively affects the attractiveness of rural tourism;

    Z. whereas the clean energy transition, the diversification of the economy and the expansion of renewable energy sources present significant opportunities for rural and less developed regions, allowing them to leverage their natural resources and geographic advantages and to exploit their full potential for the future production of renewable energy;

    AA. whereas these areas bear the brunt of depopulation, and whereas it is mainly young people leaving them as a result of job shortages and dim career prospects, and this fuels the rural exodus, resulting in an increased share of older residents and a greater risk of social isolation;

    AB. whereas rural areas have the highest share (12.6 %) of young people aged 15-29[27] not in employment, education or training (NEETs);

    AC. whereas generational renewal is one of the nine key objectives of the CAP;

    AD. whereas farms, dairy farms, wine-growers and olive oil producers across Europe go out of business every day, and few farms like these are managed by farmers below the age of 35; whereas the ambitious goals of the green transition entail opportunities and also risks for economic, social and territorial cohesion, as well as for European agriculture;

    AE. whereas the way we produce food has shaped the landscapes that define Europe; whereas dynamic rural areas foster quality food production which in turn supports their economy; whereas reinvigorating these connections between food and territory and revitalising rural areas will be essential for the future of farming in Europe;

    AF. whereas a robust cohesion policy is essential to guaranteeing the effective application of the ‘right to stay’ principle in rural areas, which requires action on many levels, including by fostering economic stability and preventing depopulation; stresses that ensuring access to a basic set of public goods and services for all citizens, especially young people, regardless of where they live, is crucial; whereas it is necessary, to this end, to promote targeted investment in infrastructure, services, education, and innovation;

    1. Welcomes the Commission report of 27 March 2024 entitled ‘The long-term vision for the EU’s rural areas: key achievements and ways forward’ and agrees with its overarching objectives;

    2. Takes note of the four areas of action underpinning the rural vision and the 30 actions making up the EU rural action plan; calls on the Commission and the Member States to place its implementation at the top of the agenda;

    3. Stresses the key role rural areas have to play in shaping the economic models and the social and territorial organisation of the various Member States, particularly as the cradle of agricultural and food production, but also as custodians of an irreplaceable cultural and landscape heritage; notes, however, that their significance remains under-appreciated and inadequately funded; believes that the EU has a duty to push for a true revival and regeneration of these areas, going to extra lengths to endow our rural areas with the right tools to overcome the considerable long-term challenges they are facing and which are having an ever greater impact on regional competitiveness and social cohesion, in order to preserve European diversity and ensure that the Union’s progress does not come at the expense of rural areas and their populations;

    4. Considers it important to develop short supply chains and to promoting the use of labelling schemes to acknowledge the quality and variety of traditional products from rural areas; stresses that public canteens, such as school and hospital canteens, can play a significant role in the development of short agrifood supply chains;

    5. Recognises the key role of small and medium-sized towns as development centres in rural regions and calls on the Commission and the Member States to specifically strengthen their economic, social and infrastructural functions, revitalise city centres, better utilise synergies between rural areas and large metropolitan regions, and ensure more balanced territorial development;

    6. Stresses the urgent need for measures to combat poverty in rural areas by developing targeted strategies to improve social security, create economic opportunities, and support particularly vulnerable populations, in order to break the cycle of poverty;

    7. Stresses that rural areas are key players in mitigating the effects of climate change; emphasises the need for increased investment in research and innovation for rural areas, particularly in the fields of sustainable agriculture, renewable energy, digital transformation and innovative mobility solutions, to enhance the competitiveness and resilience of rural regions and create energy self-sufficiency and new employment opportunities; encourages the sustainable management of forests and the prevention of forest fires, also by promoting the use of biomass which is gathered without harm to forest ecosystems;

    8. Calls for the expansion of renewable energy in rural areas based on their potential to reduce energy costs with the involvement of civil society and local communities; emphasises the need for financial incentives, measures such as renewable energy communities and simplified administrative processes to boost regional energy independence and sustainability while avoiding negative impacts on food production, land availability and prices, as well as on social cohesion; calls for a dedicated financing mechanism for the installation of photovoltaic, wind and other renewable energy sources;

    9. Calls for increased support for the preservation, restoration and conversion of older buildings, including historical buildings, churches and other places of worship, sports halls and schools in rural areas to improve energy efficiency, sustainability and safety; urges investments in the modernisation of public infrastructure while preserving historical structures where possible; calls on the Commission and the Member States to promote targeted policies that support the renovation and energy-efficient retrofitting of rural housing, financial incentives for first-time rural homebuyers, in particular for young people and families, and the development of sustainable and affordable housing projects adapted to the needs of local communities that contribute to the attractiveness and revitalisation of these regions;

    10. Asks the Commission to assess and to implement Article 174, 175 and 349 TFEU in full to close the development gap among regions, including in relation to infrastructure, and to see to it that all EU policies not only apply the ‘do no harm to cohesion’ principle, but also that they follow a more assertive ‘promote cohesion’ approach wherever possible, particularly in rural areas and in areas particularly affected by industrial transition, demographic challenges and depopulation, and those at risk of depopulation, such as outermost regions, islands, border, cross-border and mountain regions;

    11. Calls on the Commission to devise a rural strategy for the post-2027 programming period; urges the Commission and the Member States to ensure the incorporation of a rural dimension in relevant policies and to make sure that the strategy promotes the economic and social development of rural areas and to allocate specific resources to the modernisation of agriculture, supporting rural small and medium-sized enterprises (SMEs) and start-up and promoting short supply chains in order to make rural areas more connected, competitive, resilient and attractive to young people and investors, thereby ensuring balanced and sustainable development in the long term and enhancing the quality of life; stresses, in this regard, the importance of having a truly effective rural proofing mechanism at EU level so to assess the potential of all relevant policies and to mitigate any possible negative impacts they may have on rural areas;

    12. Stresses that in order to ensure the long-term prosperity of rural areas and support a strong agricultural sector to maintain this prosperity in rural areas, it is essential to strengthen the synergies between EU Structural and Investment Funds and Horizon Europe, the EU’s flagship research and innovation programme, and the CAP in the next multiannual financial framework (MFF);

    13. Calls on the Commission to present, by 2027, a report on the application of the rural proofing mechanism to policies and interventions at EU level, as well as the results obtained;

    14. Calls on the Commission to prioritise focused investments and policy measures to support the transition to a new generation of farmers in order to modernise EU agriculture and create more opportunities in rural areas;

    15. Highlights the crucial role of cohesion policy for the development of rural areas as a decentralised, powerful tool for economic and social development, allowing all regions to tackle these specific challenges of the Union; underlines in this regard that cohesion policy should continue to be a key pillar of the MFF post-2027, with an allocation that is maintained at a minimum threshold equivalent to the current MFF 2021-2027 levels, ensuring its fundamental role in reducing regional disparities and shaping a more resilient and competitive Europe that leaves no one behind; calls for the option of providing adequate resources for rural and mountainous areas to be explored in the next cohesion policy framework and complementing GDP at regional level with other indicators; recalls that the fundamental principles of cohesion policy, such as partnership, multi-level-governance, a place-based approach and shared management, must be respected in order to foster development and to meet the specific needs and challenges of rural areas with a particular focus on tools supporting sustainable growth and development and youth and female employment, including among victims of violence against women, and improving services and infrastructure;

    16. Believes that smart specialisation and economic diversification strategies could promote more opportunities in rural areas; emphasises, in particular, the key importance of integrating the concept of smart villages into cohesion policy and of explicitly supporting the development of smart villages, with flexible funding and an integrated approach, as an innovative tool for enhancing the quality of life and revitalising rural areas and services through digital and social innovation and initiatives such as the promotion of working spaces in order to attract workers, including remote workers, and to contribute to revitalising local economies;

    17. Encourages initiatives that promote economic and social sustainability, including support for rural entrepreneurship, rural tourism and new business models based on innovation and digitalisation;

    18. Calls on the Commission to ensure a strong and holistic focus on the development of rural areas in the future cohesion policy, in such a way that all policy initiatives are consistent with the goal of reducing territorial disparities; believes it is essential to devise long-term strategies to support rural areas, centred on the principles of cohesion and sustainability and providing the necessary tools to address demographic, social and economic challenges, in order to ensure that these areas do not become forgotten places, but rather key players in Europe’s future without needing to continually depend on extraordinary measures; calls, in this regard, on the Commission to support the significant development of rural areas in the future cohesion policy, and to commit to setting up local info points and offering a platform and financial support to enable Member States to exchange information and best practice on funding possibilities, with a view to providing local authorities with effective support and assisting with resource management and the implementation of development initiatives; emphasises, furthermore, that the effective participation of regional, local and rural authorities and a strong administrative capacity are crucial for the reduction of the excessive administrative burden and complex requirements for recipients and for the effective execution of cohesion policy funds; highlights that multi-funding still appears difficult in some countries and calls on the Commission to enhance complementarities between the EAFRD and cohesion policy funds;

    19. Stresses the need for an integrated European strategy for the revitalisation of rural areas, including through the development of bio-districts, recognising their potential to diversify the rural economy by targeting fiscal, economic and social measures to maintain the active population; also highlights the value of introducing incentives for the relocation of health, education and public administration professionals, as well as the importance of partnerships between local authorities and the private sector for the creation of new jobs;

    20. Underlines that expanding integrated territorial investment (ITI) plans and unlocking their full potential could establish them as a cornerstone for integrated regional, local, and rural development; emphasises that strengthening ITIs’ role in rural areas is essential to foster territorial cohesion, enhance connectivity and drive inclusive economic growth by supporting key sectors such as agriculture, rural SMEs, tourism and renewable energy; calls, furthermore, for greater flexibility in ITI implementation, increased financial allocations and reinforced synergies with other EU funding mechanisms, including LEADER and CLLD, key instruments for fostering bottom-up participatory rural development and for keeping and restoring living and thriving local rural economies, to maximise impact and actively involve regional and local authorities and civil society in line with the partnership principle;

    21. Suggests that all relevant Directorates-General of the Commission conduct a territorial impact assessment of their respective policies at least twice per programming period; believes that these evaluations would establish a more precise baseline and identify ways to integrate the characteristics of rural areas into EU policies more effectively;

    22. Calls on the Member States to make full use of all measures supporting rural, inland, mountainous, insular and outermost regions, as well as cross-border regions and regions at the EU’s external borders, including those bordering Russia, Belarus and Ukraine which are most affected by the war, to mitigate economic disruption and to secure their future and prosperity; welcomes the new BRIDGEforEU Regulation and asks the Member States to implement it, enhancing the cooperation between cross-border regions to enable economies of scale when providing basic services and infrastructure in the rural areas affected;

    23. Stresses the diversity of the EU’s rural areas, for which the long-term vision calls for solutions that are tailored to the needs and resources of rural areas while reinforcing long-term strategies for sustainable growth; underlines in this regard the need to fully involve local and regional authorities, which are best placed to identify current challenges and needs at the regional and local levels; highlights the importance of maintaining a decentralised model for the programming and implementation of cohesion policy based on the principle of partnership and multi-level governance and a place-based bottom-up approach; calls, therefore, for the strong involvement of regional and local authorities to ensure more direct access for local and regional authorities to cohesion policy funds, reducing bureaucratic complexity and shortening disbursement times, through more streamlined procedures, intuitive digital platforms and increased technical support for local beneficiaries; proposes encouraging the use of pre-financing and advance payment schemes for small projects in rural areas;

    24. Stresses that centralisation may lead to bureaucratic inefficiencies and delays in fund absorption, ultimately reducing the effectiveness of EU investments in rural development;

    25. Highlights that the management approach to rural areas’ development policies needs to be coordinated, integrated and multi-sectoral in its implementation and that reinforcing a multi-level approach in line with the subsidiarity principle is essential to ensure its success;

    26. Highlights that resilience is essential to enable authorities at local and regional levels to mitigate, adapt to and recover from sudden challenges, ensuring community well-being, security and long-term sustainability;

    27. Calls for an adequate share of cohesion policy funding to be allocated to the border regions and calls in this regard for the European Groupings of Territorial Cooperation (EGTCs) to be granted a higher degree of autonomy in selecting projects and using funds, in particular by designating EGTCs as managing authorities for Interreg programmes, strengthening their institutional and financial capacity; recommends furthermore that EGTCs be granted a more significant role in achieving policy objective 5, namely bringing Europe closer to its citizens;

    28. Underlines the need to strengthen democratic and political participation in rural areas by promoting active civic engagement and digital tools; calls on the Commission to support initiatives that foster local democratic processes to improve cohesion between urban and rural regions;

    29. Highlights the need for rural areas to be able to provide essential high-quality services of general interest to the public to improve their livelihood and to harness their strengths to achieve sustainable development, for which they should receive sufficient financial support; underlines, to that end, the need to provide equal access, in particular to vulnerable people and people with disabilities, to all healthcare services, transport and connectivity services, including innovative mobility solutions, specific plans for affordable housing, water services, education and training services, digital infrastructure, and other basic services such as postal and banking services, ensuring their accessibility and affordability in order to guarantee proper living conditions; calls, therefore, on the Commission and the Member States to facilitate access to funding and tailored support measures for social economy initiatives that address local needs and contribute to regional development and, at the same time, to reinforce the financial support offered to rural SMEs, in particular through easing access to financial resources, cooperatives and local value chains that foster economic diversification;

    30. Stresses the strategic importance of water resources for rural areas and highlights the need to provide sufficient resources, under the cohesion policy and in rural development programmes, for maintaining and upgrading the water network; recommends, in particular, the inclusion of measures to combat leakage, improve the efficiency of supply systems and promote the sustainable use of water resources in rural areas;

    31. Regards it as essential to place greater emphasis on preventive measures to enhance the resilience of Europe’s rural areas in the face of natural disasters; believes that an integrated approach to managing water resources is paramount in order to simultaneously prevent floods and tackle drought – two growing threats in many rural regions – within both agriculture and the food sector; acknowledges that depending on the context, building dams and reservoirs or upgrading existing facilities is a priority, while striking a balance between built infrastructure and relatively low cost soft measures, not least because they can be a clean source of energy; notes that although cohesion policy already supports initiatives in this area, additional projects and increased investment are needed, in line with national and regional risk management strategies, to ensure that rural areas are better prepared for, and able to withstand, climate-related extreme weather events;

    32. Stresses the growing threat of climate risks such as natural disasters, desertification and water scarcity for many rural areas in Europe, particularly in southern Europe and in the Mediterranean basin; calls on the Commission to promote forward looking adaptation strategies at national, regional and local levels, including water management, resilient infrastructure and disaster preparedness, and calls for investments in innovative water infrastructure, such as the reuse of treated wastewater and smart irrigation systems, and the construction of reservoirs for rainwater harvesting;

    33. Notes that rural areas suffer from limited access to essential healthcare services, with a shortage of facilities and medical personnel, and therefore calls for improved access to quality healthcare, including mental health services;

    34. Calls on the Member States and local authorities to safeguard essential services that are vital to the development of rural areas by refraining from imposing economic constraints on healthcare in rural areas, as this would lead to the closure, or a fall in the number of, first-aid facilities and basic hospital structures, which should be strengthened;

    35. Calls on the Commission and Member States to develop a plan for mobile medical units and for telemedicine, the strengthening of medical services including medical spa services, community health nurses and digital health solutions and incentives for doctors working in rural and remote areas;

    36. Calls on the Commission to incorporate specific measures targeting areas identified as rural into its eHealth strategy, in order to provide local healthcare units with practical support for technological upgrades, and to promote the services such units offer; stresses that Member States should also be offered a screening programme targeting rural areas and that administrative support should also be put in place to assist with the drawing up of plans and prevention registers; calls on the Member States to take into account the particular characteristics of these areas and to encourage rural pharmacies to be set up, in order to specifically adapt pharmacy networks to a rural area, with coordination arrangements for medicines and medical devices supply, with the aim of streamlining and adapting the needs of healthcare units to the individual area; calls on the Member States to improve the provision of primary care and support services among these pharmacies termed ‘rural’;

    37. Highlights the key role that infrastructure development has to play in the economic and social growth of rural areas, given the need for transport systems, particularly public ones, with the capacity to improve connectivity and access to essential services, for energy networks, including renewables, and for suitable digital connectivity infrastructure; notes, in particular, that the quality of transport and digital connectivity should be improved so that people have easy access to labour, schools, hospitals, public services and job opportunities; underlines that road, rail and maritime transport links need to be developed or upgraded through EU co-funded programmes to reduce the isolation of rural areas, in particular from urban centres, narrowing the existing gap, and to facilitate sustainable mobility of people and goods; calls for a comprehensive strategy to improve mobility in rural areas, with a strong focus on sustainability, the expansion of charging infrastructure and the promotion of e-mobility; emphasises the need for targeted investments in public transport, shared mobility solutions and alternative transport models to ensure accessibility and connectivity for rural populations;

    38. Stresses that the digital divide between rural and urban areas remains significant, hindering equal opportunities for all residents; calls on the Commission and the Member States to accelerate investments in broadband connectivity, including 5G, better mobile coverage, high-speed internet networks, digital farming solutions and rural innovation hubs, ensuring that digital transformation benefits rural communities, while paying special attention to the regions less prepared for this transformation, including remote areas and outermost regions; stresses that these investments are crucial to enhancing productivity, supporting small farms’ entrepreneurship, facilitating remote working, accessing e-services and online teaching and ensuring that rural areas remain competitive in the digital age; stresses the need for digital literacy and vocational training initiatives to support the integration of digital technologies into the rural economy and to bridge the existing technological and economic divides;

    39. Stresses the importance and interconnectedness of military mobility, rural infrastructure development and regional security; underlines the overlap between the EU military mobility network and the Trans-European Transport Network;

    40. Calls for strategies to address vacant buildings and promote alternative housing concepts in rural areas, including affordable housing, renovation projects and intergenerational living; emphasises the need for incentives to repurpose empty properties, support community-driven housing initiatives and ensure sustainable, inclusive living spaces;

    41. Stresses the importance of promoting priority policies that support young people, as the main actors of the rural exodus, and calls on the Commission to ensure them an effective application of the ‘right to stay’ through targeted measures, designed to stem the demographic decline in rural areas and to encourage talented people to remain there; believes that individuals who wish to contribute to the development of their local communities should be provided with ample opportunities, and that it is therefore urgent to eliminate barriers and the significant disparities between young people in urban and rural areas in terms of access to high quality education, economic independence, social and political engagement, and intergenerational social interaction; calls for concrete measures and targeted funding programmes, including a brain drain action plan from the Commission, to support young people and young entrepreneurs, providing them with all the tools and resources they need to help them to access agricultural lands, jobs and business opportunities; notes that such measures should include improved access to public services, educational and cultural facilities, access to housing, low-interest loans and, with due regard to the principle of subsidiarity in fiscal matters, tax-related incentives to help young people build a stable future in line with their aspirations, without needing to abandon their place of origin, and creating incentives to settle down in or return to rural areas; considers it necessary, therefore, to promote measures to diversify the rural economy by harnessing local potential, including in areas outside agriculture and tourism, and to create quality jobs;

    42. Highlights the importance of boosting vocational education and training while also fostering youth-led initiatives and non-formal learning for young people to develop specific skills related to the economy of rural areas, as a tool for social cohesion and quality employment, with a view to combating depopulation in those areas;

    43. Highlights the key role of awareness raising and knowledge-sharing campaigns in advancing various education campaigns and programmes, and the importance of making them an integral part of school curricula; stresses the increasingly worrying data on early school leaving and to that end, calls on national and local authorities to reorganise their school systems to guarantee the right to education in their territories, bearing in mind the serious and objective difficulties they may face; calls on the Member States and local authorities, therefore, not to merge existing schools management structures in those areas;

    44. Calls on the Commission and the Member States to provide for new subsidised credit facilities that can support young entrepreneurs and women in their activities, including alternative forms of guarantees for access to credit; calls for financial support to empower young farmers, ensuring growth in rural economies;

    45. Welcomes the new EUR 3 billion loan financing package from the European Investment Bank (EIB) Group for agriculture, forestry and fisheries across Europe as a tangible initiative to close the funding gaps for SMEs in agriculture and the bio-economy and facilitate financing for young farmers and women; calls on the EIB Group to explore new forms of support to provide liquidity for actors along agricultural and rural value chains;

    46. Calls on the Commission and the Member States to promote local start-ups and incentive programmes for the return of young people and for the purchase and renovation of housing by young people in rural areas;

    47. Calls on the Commission to establish a European fund for youth entrepreneurship in rural areas, with a special focus on regions affected by high youth unemployment and brain drain; notes that this fund should support rural start-ups, innovative agriculture, sustainable tourism and digitalisation through dedicated financial instruments and tax incentives;

    48. Draws attention to the need for universal equal access to measures enabling everyone to develop the high-quality skills they need to achieve their professional goals, and to vocational and educational training; laments the fact that in rural areas, in many fields, the work of women is currently not rewarded with equal opportunities and conditions, as they often face extra challenges, including limited access to job opportunities, a lack of adequate measures to help them juggle work and family, and a shortage of childcare facilities; emphasises the need to foster an environment conducive to female employment, with support for all families, ensuring high quality early childhood education and care systems and parental support;

    49. Calls for increased support for women in rural areas, particularly through measures to improve access to employment, education, healthcare and social infrastructure, as well as protection from violence and violence prevention, to promote their economic and social participation; emphasises that targeted programmes should be created to support female entrepreneurs in rural regions in order to strengthen their economic independence;

    50. Stresses that support for women in rural areas is imperative for a variety of reasons, including promoting gender equality, fostering economic growth, advancing community development, reducing poverty and ensuring environmental sustainability; highlights that women play a multilevel role in rural development, as workers, farmers and business owners, and stresses that their importance in rural areas and local economies is often overlooked; stresses that special attention should be paid to women in rural areas when designing structural social support and regional development programmes; highlights that addressing these barriers is crucial for empowering women and unlocking their full potential in rural communities;

    51. Calls on the Member States and the Commission to boost awareness regarding existing and future EU funding possibilities for women entrepreneurs in rural areas and to make it easier for them to access financial support; encourages the Member States and regional and local authorities to make use of the existing EU structural and investment funds to promote women entrepreneurs;

    52. Calls for gender-equality employment policies and targeted measures to promote a better work-life balance in rural areas, including flexible working models, digital work opportunities, improved leisure and education offerings, and the promotion of community-based care and support structures for families;

    53. Urges the Commission to adopt measures to protect the family farming model that underpins the rural territory, is more environmentally friendly and guarantees food security in the EU; stresses the need for a EU system of incentives to limit the accumulation of agricultural land in private investment funds and the consequent increase in land prices; insists on the protection of small and medium-sized farms by strengthening the role of cooperatives and professional farmers in EU policies; furthermore, encourages the Member States to implement concrete measures to support these farms by simplifying access to credit, modernising rural infrastructure and giving impetus to agricultural cooperatives;

    54. Stresses the key role played by agriculture and the agri-food sector in food production, ensuring food security in the EU and job creation – a role worth championing since as it constitutes a mainstay of the local economy and is a key factor in ensuring sustainable land management, and also drives the growth and development of inland and rural areas, which often enjoy international recognition for their outstanding typical products; notes that it is necessary to help farmers innovate and diversify, while at the same time fostering farm competitiveness; believes that the transition to a more sustainable model requires a balanced approach, mindful of local specificities and the economic needs of rural communities, without imposing changes liable to hinder their long-term development; calls, in this regard, on the Commission and the Member States to take strong and targeted action by reducing excessive regulatory burdens and ensuring fair market conditions, to mitigate the decline in the number of farms and encourage generational renewal; calls for adequate support to promote food self-sufficiency and crop diversification; highlights in particular the specific structural challenges of the outermost regions and their rural areas;

    55. Urges the Commission and the Member States, in order to strengthen food security and ensure that European farmers do not face unfair competition from products that do not meet the same environmental, animal welfare and food security standards, to enforce strict equivalence of production standards for agricultural products imported into the EU and calls  on the Commission, in this regard, to ensure that trade agreements uphold European agricultural standards and ensure a level playing field for EU farmers;

    56. Acknowledges that the ambitious goals of the green transition entail opportunities as well as risks for EU agriculture; emphasises that the number of farms in the EU decreased between 2005 and 2020 by about 37 % and calls on the Commission and the Member States, in this regard, to take action to mitigate the decline in the number of farms and support their revenues and competitiveness, in order to stem the desertion of these areas and encourage generational renewal;

    57. Points to the need to simplify administrative procedures for accessing EU funds by reducing red tape for farmers and small rural businesses and improving coordination between the institutional levels involved in the management of funds in order to ensure that resources are provided more efficiently and in a more timely manner;

    58. Points also to the need to provide these areas, as well as businesses and farm and forest holders, with sufficient financial support, including support for the purchase and maintenance of equipment, with a view to increasing European competitiveness;

    59. Is fully aware that rural areas play a key role in the green and digital transitions; underlines that the transitions have to be implemented gradually, along the lines of achievable goals; calls in this regard for EU funding to be better linked with environmental sustainability and biodiversity protection;

    60. Highlights the need to support rural communities in European regions that have been most adversely affected by the trade in or export of Ukrainian agricultural products;

    61. Points to the importance of compensatory measures for farmers and rural businesses to ensure that the ecological transition is fair and practical and does not lead to new socio-economic disparities; highlight that for this transition to be successful, the full involvement and collaboration of all stakeholders, in particular farmers and foresters, will be key;

    62. Highlights that promoting agriculture is a necessary component of any strategy for rural development, but that on its own it is not sufficient, as not all people in rural areas are employed in the agricultural sector or live in agricultural structures;

    63. Recognises that tourism is frequently a major source of income for rural, mountainous, insular and outermost regions, as well as in the Mediterranean region, with the potential to encourage job creation and entrepreneurship and to draw in growing numbers of visitors curious to discover their nature, traditions and cultural heritage through the unique experiences on offer; believes, for that reason, that tourism should be supported through investment in the rural economy, in synergy with the agricultural, fishing, food and cultural sectors, and that the EU should promote the co-existence and further development of these sectors;

    64. Highlights that rural and agro-tourism can be a complementary activity to agriculture, offering opportunities for diversifying farm incomes and benefiting the development of rural areas, and that resources should therefore be allocated to the development of tourism and HoReCa activities;

    65. Underlines the need to promote rural tourism in a way that is sustainable; highlights the importance of optimising the economic benefits of tourism for rural areas, while minimising the potential negative impacts on local communities and ecosystems;

    66. Emphasises the importance of protecting and promoting linguistic minorities in the rural areas of the EU, recognising them as an integral part of Europe’s cultural heritage and as a driver of regional development; therefore calls on the Commission and the Member States to allocate cohesion policy resources to support projects for linguistic promotion, training, cultural tourism and local entrepreneurship connected to the linguistic and cultural traditions of the regions;

    67. Urges the Commission and the Member States to boost tourism in rural and depopulated areas or areas at risk of depopulation, by financing initiatives that enhance historic villages and traditional local products and establishing new green paths and other nature trails, as well as a label recognising outstanding environments in rural and nature tourism along similar lines to the ‘blue flag’ awarded to beaches;

    68. Notes that in some Member States, municipalities play a crucial role as drivers of regional economic development, benefiting from substantial tax revenues generated by their local economies; highlights that these revenues can motivate municipalities to invest EU cohesion funds in increasing their future tax base, promoting long-term local economic growth and securing long-term tax revenues; to this end, calls on the Commission, with due regard for the principle of subsidiarity in fiscal matters, to initiate a dialogue on the potential benefits of sharing taxes on economic activities with municipalities;

    69. Insists that excessive bureaucracy should not prevent farmers from focusing on sustainable food production and rural economic development; calls on the Commission and the Member States to include a strong rural dimension in the future cohesion policy regulations and to promote better regulation as a matter of priority, in order to reduce administrative burdens and to take steps to ensure the competitiveness of rural businesses, particularly SMEs, cooperatives and citizen-led communities, and to promote easier and more efficient access to funds, cost reductions and simplified application and evaluation processes for EU funding, especially for small beneficiaries; reaffirms that optimising procedures, cutting red tape and enhancing transparency are vital to improving access to the available resources; calls on the Commission, therefore, to provide adequate advisory services and technical assistance to managing authorities, thereby also contributing to increased absorption rates;

    70. Calls for a more integrated approach between EU industrial and cohesion policies, ensuring that regional development strategies are aligned with industrial transition efforts, particularly in northern, sparsely populated areas;

    71. Emphasises the importance of SMEs in technological sectors for rural digitalisation and economic resilience; calls on the Commission to ensure that public measures support local businesses and foster proximity-based economies, avoiding criteria that may disadvantage smaller enterprises;

    72. Stresses the need for better alignment between existing territorial development instruments and Structural Funds, including initiatives such as Harnessing Talent and the Covenant of Mayors;

    73. Instructs its President to forward this resolution to the Council and the Commission.

    MIL OSI Europe News –

    June 5, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes the Fifth Review under the Policy Coordination Instrument for Rwanda

    Source: IMF – News in Russian

    June 4, 2025

    • The IMF Executive Board today concluded the fifth review under the Policy Coordination Instrument (PCI). The PCI continues to support Rwanda’s reform agenda aimed at maintaining macroeconomic stability, promoting sustainable and inclusive growth, and advancing climate-resilient development.
    • Rwanda’s economic growth remains among the strongest in sub-Saharan Africa, despite rising fiscal and external pressures linked to large investment projects and reduced concessional financing. Continued fiscal consolidation, supported by stronger domestic revenue mobilization and spending efficiency, is essential to safeguard macroeconomic stability and debt sustainability.
    • Program performance under the PCI has been strong. All quantitative targets were met, and most reform commitments were implemented, including in SOE governance, monetary statistics, and digital public financial management. The approval of the comprehensive tax policy package and the rollout of the Global Master Repurchase Agreement were implemented with a delay. Rwanda continues to demonstrate leadership in integrating climate considerations into macroeconomic policy and leveraging institutional reforms to mobilize climate finance.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the fifth review under the Policy Coordination Instrument (PCI) for Rwanda.[1]

    Rwanda’s economy expanded by 8.9 percent in 2024, driven by a rebound in agriculture and continued strength in the services and construction sectors. Inflation remained within the National Bank of Rwanda’s 2–8 percent target band, reflecting tight monetary policy and improved domestic food supply. The current account deficit widened in 2024 due to strong consumer and capital goods imports, but reserves remained adequate at 4.7 months of imports as of end-year.

    Going forward, the fiscal position will be under pressure from the large infrastructure investment in the New Kigali International Airport and the expansion of RwandAir, as well as the recent pension reform. Public debt is expected to peak in FY2025/26, with the PCI debt anchor now projected to be reached in 2033. Accelerating domestic revenue mobilization and maintaining a credible fiscal consolidation path are crucial to restoring policy space and ensuring long-term fiscal sustainability. Continued vigilance is also needed to manage risks from SOEs, rising debt service costs, and constrained access to concessional financing.

    Monetary policy should remain data-driven to contain inflation and support external adjustment. Exchange rate flexibility will be essential to absorb shocks, while reforms to strengthen FX market functioning should continue. Close oversight of credit expansion—including in the microfinance sector—and improved monitoring of large exposures are important to safeguard financial stability.

    Program implementation under the PCI remains strong. All quantitative targets were met and most structural benchmarks for this review were completed, including those on SOE governance, PFM digitalization, and monetary statistics expansion. The remaining two structural benchmarks on the Cabinet approval of the comprehensive tax policy package and the rollout of the Global Master Repurchase Agreement were implemented with a delay. The authorities continue to build on the strong foundation established under the now-completed RSF. Progress on climate-related reforms has remained strong, including efforts to implement a climate budget tagging system, develop green taxonomies, and advance the climate finance agenda. Developing a pipeline of viable, bankable green projects will be essential to fully leverage available resources and sustain momentum.

    At the conclusion of the Executive Board’s discussion, Mr. Bo Li, Deputy Managing Director, and Acting Chair, made the following statement:

    “Rwanda’s economy has demonstrated impressive resilience, recording strong growth supported by robust activity in the services, construction, and agriculture sectors. Inflation has remained within the NBR target range, aided by prudent monetary policy and improved domestic food supply. However, the macroeconomic environment has become more complex due to a need to implement difficult reforms against the background of worsening external conditions, including aid withdrawals and regional tensions.

    “Sustaining fiscal consolidation remains vital to preserving macroeconomic stability and ensuring debt sustainability. The recently adopted tax reform package is a welcome step toward broadening the tax base and enhancing equity and efficiency. Continued expenditure rationalization and close monitoring of fiscal risks, particularly from SOEs and the ambitious priority investment project, are essential. The fiscal implications of pension reform and the financing needs for the priority infrastructure project must be carefully managed to maintain fiscal discipline.

    “Monetary and financial policies remain focused on stability, but vigilance is warranted. Inflationary pressures from fiscal loosening and tax policy changes may necessitate a tightening of the policy stance. Greater exchange rate flexibility is crucial to support external adjustment and safeguard reserve adequacy. The authorities’ efforts to modernize the monetary policy framework and strengthen FX market functioning are welcome. Enhancing risk monitoring, particularly in the microfinance sector, and large exposures, along with building additional capital buffers, will be key to safeguarding financial stability.

    “Rwanda continues to advance structural reforms under the PCI, including improvements in SOE governance, public financial management digitalization, and financial sector statistics. Progress on climate-related reforms under the RSF is commendable. Looking ahead, Rwanda’s efforts to build a pipeline of bankable green projects and improve climate finance coordination will be instrumental in mobilizing additional resources. Continued commitment to reform and strong engagement with development partners will be critical to sustaining progress and supporting Rwanda’s ambitious development agenda.”

    [1] The PCI arrangement was approved on December 12, 2022.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/04/pr-25178-rwanda-imf-concludes-the-5th-review-under-the-policy-coor-instrument

    MIL OSI

    MIL OSI Russia News –

    June 5, 2025
  • MIL-OSI USA: Disaster Recovery Center Opens in Trimble

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Trimble

    Disaster Recovery Center Opens in Trimble

    FRANKFORT, Ky

    –A Disaster Recovery Center has opened in Trimble County to offer in-person support to Kentucky uninsured and underinsured survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Trimble County is located at: Trimble County Board of Education, 116 Wentworth Avenue, Bedford, KY 40006Working hours are 9 a

    m

    to 7 p

    m

    Eastern Time, Monday through Saturday and 1 – 7 p

    m

    Eastern Time, Sunday

    Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations

     You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance

    The U

    S

    Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

     
    martyce

    allenjr
    Wed, 06/04/2025 – 17:47

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI USA: Disaster Recovery Center Opens in Calloway

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center Opens in Calloway

    Disaster Recovery Center Opens in Calloway

    FRANKFORT, Ky

    –A Disaster Recovery Center has opened in Calloway County to offer in-person support to Kentucky uninsured and underinsured survivors who experienced loss as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides

    The new Disaster Recovery Center in Calloway County is located at: Calloway County Courthouse Annex, 201 S

    4th St

    , Murray, KY 42071 Working hours are 9 a

    m

    to 7 p

    m

    Central Time, Monday through Saturday and 1 – 7 p

    m

    Central Time, Sunday

    Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from state, federal and community organizations

     You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance

    The U

    S

    Small Business Administration representatives and resources from the Commonwealth are also available at the Disaster Recovery Centers to assist you

    FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is June 25

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

     
    martyce

    allenjr
    Wed, 06/04/2025 – 17:44

    MIL OSI USA News –

    June 5, 2025
  • MIL-OSI Africa: Mining in Motion: Ghana Targets Global Artisanal and Small-Scale Gold Mining (ASGM) Integration

    Source: Africa Press Organisation – English (2) – Report:

    ACCRA, Ghana, June 4, 2025/APO Group/ —

    Ghana is formalizing its artisanal and small-scale gold mining (ASGM) sector to align with global standards, promote sustainability and boost economic integration. Despite ASGM contributing over 35% to the country’s total gold output, much of the country’s artisanal mining activity remains informal. Speakers during a Mining in Motion 2025 panel outlined steps to address this challenge and accelerate the global integration of Ghana’s ASGM sector 

    The session – titled Integrating ASGM into Global Supply Chains, sponsored by Emirates Gold- examined policy gaps, market barriers and innovative solutions to enhance the credibility and competitiveness of ASGM gold on the international stage. In recent months, Ghana has been making strides to foster a conducive environment for ASGM producers.  

    According to Neil Harby, Chief Technical Officer, London Bullion Market Association, “Recently introduced guidelines have improved Ghana’s capacity to produce small-scale gold, but the risk-reward ratio still lacks.”  

    As such, the Ghana Gold Board, established this year, has been created to oversee, regulate and manage all gold and precious mineral-related activities in Ghana. The Board aims to enhance regulation, maximize foreign exchange earnings, build gold reserves and promote value addition for national economic transformation.  

    “If you look at Ghana’s reserves, they’ve been very static. So, we’ve sat down and looked at how we can leverage gold resources in the country. If we can convert a domestic asset but go through the processes to convert it to a foreign asset, then we can begin to build upon our gold reserves,” stated Dr. Steve Opata, Head of Risk, Foreign Reserves Management at the Bank of Ghana. 

    Meanwhile, the Organization for Economic Cooperation and Development (OECD) has supported Ghana’s efforts to formalize its artisanal and small-scale mining (ASM) sector by addressing illicit financial flows and promoting responsible sourcing through tools like the Due Diligence Guidance and ASM Hub. Collaborating with the Ghanian government, the OECD helps develop policies to regulate ASM, which plays a vital economic role but faces challenges including environmental harm and links to illicit activity. 

    “You have to be sure that you have some understanding of the mapping of the supply chain. You need the management systems to help you understand the circumstances of production around those mine sites. We want to allow commercial relationships between small-scale and artisanal miners and international producers,” stated Louis Maréchal, Sector Lead: Minerals and Extractives, OECD. 

    As a key player in the global precious minerals industry, Emirates Bullion Market offers significant expertise in gold refining and infrastructure development. In recent years, the UAE has become increasingly instrumental in Ghana’s gold sector. In 2024, the country emerged as one of the top export destinations for Ghana’s gold, accounting – alongside Switzerland – for 36.5% of total exports. 

    “Sustainability is conducive to operating with local miners. We want to know how their operations support the communities they come from. We only promote sustainable mining while safeguarding investor interest,” stated Sudheesh Nambiath, Manager, Dubai Multi Commodities Center, Emirates Bullion Market. 

    Meanwhile, Rand Refinery supports Ghana’s gold upstream sector by offering smelting, refining and metal recovery services. The company holds exclusive rights to refine Goldplat’s Ghana output, with a mutual agreement on processing by-products.   

    “Working as a team with in-country producers, ASM producers and large-scale miners, the intention is to unlock productivity at a commercial scale,” stated Jason McPherson, Head of Sourcing and Business Development, Rand Refinery. 

    With the launch of the Ghana Gold Board and strategic upgrades to its mining code, Ghana is aligning its ASGM sector with global standards. The country is positioning itself as a leading destination for sustainable gold sourcing, investment and innovation – proving that responsible mining can drive both local empowerment and global integration. 

    MIL OSI Africa –

    June 5, 2025
  • MIL-OSI Europe: Use of data, technology, and artificial intelligence tools for enhanced accountability

    Source: European Investment Bank

    EIB

    Samer Araabi (Accountability Counsel) presented different technologies to improve project/complaints management, including large language models, satellite mapping and AI tools.

    Wee Meng Chuan (SIMC Singapore) presented an AI-powered tool for mediation that can be applied to dispute resolutions, ensuring accurate and secure information management.

    Both presenters highlighted that AI should be considered as a complementary tool, and not as a solution.

    Ildiko Almasi Simsic (E&S Solutions) provided a brief presentation of her AI tools for environmental and social performance.

    Participants at the round tables explored strategies to extend AI’s benefits to developing regions, ensuring inclusivity rather than reinforcing biases. Cases of unequal power dynamics between stakeholders, including communities that are based on oral cultures or with limited digital access were discussed.

    Participants agreed that AI can enhance accountability by streamlining complex processes, improving data review and organization and enabling more efficient monitoring. Discussions however underscored ethical concerns about training data used for AI applications, and the need to keep human oversight in preventing misinformation and misuse. Trainings on the different AI solutions are needed to upskill each user of the tools.

    Andrea Repetto Vargas, Director of the Independent Consultation and Investigation Mechanism of the IDB Group, closed the session by summarizing the main highlights of the discussions and presentations.

    MIL OSI Europe News –

    June 5, 2025
  • MIL-OSI Europe: Written question – EU response to the Israeli Government’s announcement of 22 new illegal settlements in the occupied West Bank – P-002180/2025

    Source: European Parliament

    Priority question for written answer  P-002180/2025
    to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy
    Rule 144
    Hana Jalloul Muro (S&D)

    On 29 May 2025, Israeli authorities announced the establishment of 22 new settlements in the occupied West Bank, a move that directly contravenes international law, including UN Security Council Resolution 2334 (2016)[1]. This follows earlier statements by Prime Minister Netanyahu concerning plans to annex up to 30 % of the West Bank. These developments represent a serious escalation of de facto annexation, further eroding the viability of a two-state solution and fuelling instability in the region.

    Despite these repeated breaches, the EU has yet to adopt any effective response, raising serious questions about its credibility and its commitment to upholding international law. Failure to act not only undermines Palestinian rights but also weakens the EU’s stated commitment to a rules-based international order.

    In the light of these serious developments:

    • 1.What steps will the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy (VP/HR) take to ensure a strong and united EU response to these illegal settlement expansions?
    • 2.Does the VP/HR intend to propose concrete measures, including potential restrictive actions, to deter further annexation or de facto annexation by Israel’s Government?
    • 3.How does the VP/HR view the credibility of the EU’s role as a mediator in the Middle East peace process, given the Israeli authorities’ continued disregard for international law?

    Submitted: 30.5.2025

    • [1] UN Security Council Resolution 2334 (2016) of 23 December 2016 on cessation of Israeli settlement activities in the Occupied Palestinian Territory, including East Jerusalem.
    Last updated: 4 June 2025

    MIL OSI Europe News –

    June 5, 2025
  • MIL-OSI Europe: Missions – Mission report following the ECON mission to Paris, France, from 14 to 16 April 2025 – 14-04-2025 – Committee on Economic and Monetary Affairs

    Source: European Parliament

    During its mission to Paris, the ECON delegation met the French Finance Minister, the Governor of the Banque de France and the Premier Président of the Cour des comptes, as well as other French government officials, regulatory agencies, businesses, economists and trade unions’ representatives.

    The ECON delegation also met with the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the Organisation for Economic Co-operation and Development (OECD).

    Location : Paris, France
    Mission report following the ECON mission to Paris, France, from 14 to 16 April 2025

    Source : © European Union, 2025 – EP

    MIL OSI Europe News –

    June 5, 2025
  • MIL-OSI: Federal Home Loan Bank of San Francisco Releases 2024 Impact Report

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 04, 2025 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) today released its 2024 Impact Report, which shines a spotlight on the privately capitalized cooperative wholesale bank’s daily support for local financial institution members; $103.3 million in grants awarded for affordable housing, homeownership, and economic development; robust engagement with stakeholders; and a workforce empowered to meet the evolving needs of its members with agility and impact.

    “Our 2024 Impact Report demonstrates the value we deliver to our members and the communities they serve,” said Joseph Amato, interim president and CEO of FHLBank San Francisco. “Because of the financial services we provide to our members every day – including advances and letters of credit – we are able to invest directly in programs and initiatives that strengthen communities by increasing the supply of affordable housing, expanding access to homeownership, and fueling economic growth and opportunity.”

    In 2024, FHLBank San Francisco partnered with its members to award $103.3 million in grants for housing, economic development programs and other initiatives including:

    • Affordable Housing Program (AHP) General Fund and Nevada Targeted Fund: $61.3 million in grants awarded to create, preserve, or purchase nearly 3,900 affordable housing units.
    • WISH and Middle-Income Downpayment Assistance programs: $31.2 million in matching grants delivered to 791 first-time homebuyers.
    • AHEAD economic development grants: $7.3 million in grants awarded to 84 nonprofits to support innovative, community-based economic development initiatives that strengthen local communities.

    FHLBank San Francisco members also accessed $1.4 billion in the Bank’s discounted advances and letters of credit products to create nearly 1,100 owner-occupied and 2,900 rental housing units and to support other community lending and economic development activities, including funding small business loans.

    Together with its members – primarily community-based financial institutions – FHLBank San Francisco continues to make a positive impact across its three-state district of Arizona, California, Nevada, and other areas where its members do business. To learn more about how FHLBank San Francisco accomplishes its mission of providing members with reliable access to liquidity, essential financial services and expertise, and resources for housing and community and economic development, download the full 2024 Impact Report at www.fhlbsf.com.

    About Federal Home Loan Bank of San Francisco

    The Federal Home Loan Bank of San Francisco is a member-driven cooperative helping local lenders in Arizona, California, and Nevada build strong communities, create opportunity, and change lives for the better. The tools and resources we provide to our member financial institutions — commercial banks, credit unions, industrial loan companies, savings institutions, insurance companies, and community development financial institutions — propel homeownership, finance quality affordable housing, drive economic vitality, and revitalize whole neighborhoods. Together with our members and other partners, we are making the communities we serve more vibrant and resilient.

    The MIL Network –

    June 5, 2025
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