Category: Banking

MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Fiji

Source: IMF – News in Russian

June 20, 2025

Washington, DC: On June 17, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Fiji, and considered and endorsed the staff appraisal without a meeting.

The economic recovery continued in 2024. Staff estimates aggregate GDP growth in 2024 to have reached 3.7 percent. While employment has recovered to pre-pandemic levels, investment has recently been held back by labor shortages and supply-chain challenges. Inflation decelerated though 2024 as the impact of the 2023 value-added tax increase faded and the nominal exchange rate appreciated. The public debt-to-GDP ratio has continued to decline from the peak reached in 2022, but remains elevated, at 80 percent. Likewise, the current account balance has improved, but the deficit in 2024 is estimated to be around 6.7 percent.

Monetary and financial conditions remain accommodative, while the fiscal stance has tightened. The Reserve Bank of Fiji (RBF) has maintained the policy rate at 0.25 percent since early 2020. The fiscal stance tightened in FY2024, with the overall deficit declining from 7.2 percent of GDP in FY2023 (August-July) to 3.5 percent of GDP in FY2024, compared to a budgeted deficit of 4.8 percent of GDP.

Executive Board Assessment

In concluding the 2025 Article IV consultation with Fiji, Executive Directors endorsed staff’s appraisal, as follows:

The economy has been recovering from the pandemic but is facing new setbacks. Growth is expected to fall in 2025, to about 2.6 percent, mostly because of slowing external demand, and to take a couple of years to recover to its medium-term potential rate. The baseline projection implies that public debt would remain elevated. In addition, FX reserve coverage would fall, implying that the external position remains moderately weak. Growth would be higher with successful structural reforms, or should the external environment be more favorable than assumed. But the balance of risks appears to be mostly to the downside, both in the near term, if trade tensions were to worsen or their effects be more severe than assumed in the baseline, or over the medium term, mostly given vulnerabilities to natural disasters.

Fiscal and monetary policies should focus on addressing macroeconomic imbalances.

Fiscal policy should focus on lowering public debt while continuing with growth-friendly fiscal consolidation, oriented toward capital spending. Significant progress has been achieved in recent years, but additional adjustment measures are needed to put public debt on a clear downward path. Targeted and temporary social protection measures should be used to protect the vulnerable. Fiscal tightening would also contribute to reducing external imbalances.
Over the medium term, given potential pressures on the exchange rate peg, monetary conditions should be gradually tightened, raising the policy rate and reducing excess liquidity.
Financial policy should be attentive to emerging credit risks and to safeguard against money laundering risks.
The authorities should avoid using exchange rate restrictions and CFMs in place of macroeconomic adjustment and focus on a gradual, sequenced capital account liberalization to support high long-run growth objectives.

Raising potential growth calls for sustained structural reforms.

Progress has been achieved in enhancing the business environment and addressing near-term constraints to growth. Immediate concerns include addressing ageing infrastructure in electricity, water, and waste utilities, and improving the transport network and digital connectivity. Ongoing concerns include training and human capital. Successful measures would also encourage more foreign investment, ease external imbalances, and reduce “brain drain.”
As for other Pacific states, Fiji faces ongoing challenges from natural disasters and climate change. Increasing resilience adds to the motivation to shift away from current toward capital spending.

Such issues require sustained political consensus and good governance. The government’s recognition of the importance of institutional reform, commitment to the rule of law, and reducing corruption and bribery is welcome. Recent legislative progress will need to be matched by proper enforcement and addressing capacity constraints in the civil service.

Fiji: Selected Economic Indicators, 2022–30
	2022	2023	2024	2025	2026	2027	2028	2029	2030
			Est.	Proj.
Output and prices (percent change)
Real GDP	19.8	7.5	3.7	2.6	2.8	3.2	3.2	3.2	3.2
GDP deflator	2.4	4.1	6.3	3.2	3.1	3.2	3.3	3.4	3.5
Consumer prices (average)	4.3	2.3	4.5	3.2	3.1	3.2	3.3	3.4	3.5
Consumer prices (end of period)	3.1	5.1	1.3	3.1	3.2	3.3	3.4	3.5	3.5

Central government budget on fiscal-year basis (percent of GDP)
Revenue and Grants	21.4	23.2	27.4	27.1	27.1	26.8	26.8	26.6	26.5
Expenditure	33.5	30.3	31.0	31.5	31.2	31.0	31.0	30.9	30.9
Overall balance	-12.1	-7.2	-3.5	-4.4	-4.2	-4.2	-4.2	-4.3	-4.4
Primary balance	-8.5	-3.3	0.5	-0.3	-0.3	-0.6	-0.6	-0.7	-0.8
Central government debt	90.4	83.3	79.5	77.7	77.7	77.6	77.3	77.0	76.8
Central government external debt	33.3	30.6	28.7	26.5	26.5	26.4	26.1	25.8	25.6

External sector (percent of GDP)
Current account balance	-17.3	-7.7	-6.7	-7.0	-7.7	-7.5	-7.2	-6.9	-6.9
Trade balance	-32.9	-32.7	-30.0	-29.1	-27.7	-27.3	-27.3	-26.9	-26.4
Services balance	11.8	20.4	20.0	19.9	18.4	17.8	17.3	17.1	16.5
Primary Income balance	-5.3	-5.7	-6.4	-6.8	-6.6	-6.4	-6.0	-5.9	-5.9
Secondary Income balance	9.2	10.3	9.6	9.0	8.2	8.5	8.8	8.9	9.0
Capital account balance	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Financial account balance (-= inflows)	-14.0	-4.9	-6.6	-4.1	-5.3	-5.7	-6.9	-6.5	-6.5
FDI	-1.8	-1.1	-1.6	-4.5	-5.4	-6.1	-7.3	-7.1	-7.2
Portfolio investment	0.5	1.0	1.7	1.7	1.7	1.7	1.7	1.7	1.7
Other investment	-12.7	-4.8	-6.7	-1.3	-1.5	-1.3	-1.3	-1.1	-1.0
Errors and omissions	5.1	4.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Change in reserve assets (-=increase)	-2.1	0.3	0.1	2.9	2.3	1.7	0.3	0.3	0.4
Gross official reserves (in months of prospective imports)	5.5	5.3	5.2	4.4	3.7	3.1	2.9	2.6	…

Money and credit (percent change)
Net domestic assets of depository corporations	4.9	12.1	8.0	6.4	6.1	…	…	…	…
Claims on private sector	6.7	7.5	11.4	10.0	8.0	…	…	…	…
Broad money (M3)	5.1	9.1	6.6	4.1	4.1	…	…	…	…
Monetary base	15.8	-4.0	7.5	3.6	1.4	…	…	…	…
Central Bank Policy rate (end of period)	0.25	0.25	0.25	…	…	…	…	…	…
Commercial banks deposits rate (end of period)	0.4	0.4	0.3	…	…	…	…	…	…
Commercial banks lending rate (end of period)	5.2	4.8	4.6	…	…	…	…	…	…

Memorandum items
Exchange rate, average (FJD/USD)	2.2	2.3	2.3	…	…	…	…	…	…
Real effective exchange rate, average	108.2	106.4	108.3	…	…	…	…	…	…
GDP at current market prices (in millions of Fiji dollars)	10,940	12,245	13,494	14,286	15,148	16,130	17,193	18,342	19,594
GDP at current market prices (in millions of U.S. dollars)	4,970	5,442	5,949	6,257	6,564	6,913	7,284	7,674	8,089
GDP per capita (in U.S. dollars)	5,450	5,933	6,447	6,740	7,030	7,359	7,707	8,072	8,508
Sources: Reserve Bank of Fiji; Ministry of Finance; and IMF Staff Estimates and Projections.

[1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Pemba Sherpa

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

https://www.imf.org/en/News/Articles/2025/06/20/pr-25208-fiji-imf-concludes-2025-article-iv-consultation

MIL OSI

MIL OSI Russia News –

June 21, 2025

MIL-OSI: 1 Hour Payday Loans With No Credit Check Guaranteed Approval – Money Mutual Launches New Offering for Borrowers with Instant Loan for Bad Credit in 2025
Source: GlobeNewswire (MIL-OSI)

Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — Money Mutual has introduced a new service to help people with urgent financial needs by offering 1-hour payday loans, no credit check, and guaranteed approval. This platform connects borrowers with licensed lenders who provide quick funding, even for those with low credit scores. As financial emergencies increase, Money Mutual makes it easier and safer for consumers to get fast access to the money they need.

Higher Demand for 1-Hour Payday Loans with No Credit Check

This year, more people are turning to small, short-term loans because of unexpected expenses like rising inflation, medical bills, and urgent payments. The demand for 1-hour payday loans with no credit check is growing because these loans offer quick and easy access to funds.

Many borrowers prefer payday loans online with instant approval to avoid long application processes and credit checks that could hurt their credit scores. Money Mutual’s platform helps by connecting borrowers with lenders who make fast decisions, easing financial pressure for many Americans.

Key Features of Money Mutual’s 1-Hour Payday Loans with No Credit Check

Money Mutual’s new service offers several features to make borrowing quick and secure. It connects borrowers with licensed direct lenders for fast approvals, no credit checks, and flexible loan amounts, making it perfect for those in need of emergency funds.
- Quick Approval: Borrowers can get approved in minutes thanks to Money Mutual’s fast network of lenders.
- No Credit Check: The platform connects borrowers with lenders who don’t perform hard credit checks, making it ideal for those with poor credit.
- Flexible Loan Amounts: Money Mutual offers a range of loan options to meet individual financial needs.
- Licensed Lenders: Money Mutual works only with licensed, trusted lenders, ensuring safe and reliable borrowing.
CLICK HERE TO APPLY FOR 1 HOUR PAYDAY LOANS NO CREDIT CHECK

How Money Mutual’s 1-Hour Payday Loans with No Credit Check Work

Money Mutual’s process is simple, clear, and fast for those in need of quick funds. It connects borrowers with licensed direct lenders through an easy-to-use online platform, eliminating delays and complex paperwork.
- Online Application: Borrowers fill out a secure digital form with basic personal and financial details to start the process.
- Instant Lender Matching: Money Mutual quickly matches borrowers with appropriate lenders based on their information, often within minutes.
- Loan Offer Review: Borrowers can review the loan terms from lenders before making any decisions, ensuring they understand the terms.
- Electronic Fund Transfer: Once the loan is accepted, funds are transferred electronically, often within the same business day.
Technology & Security Behind Money Mutual’s 1-Hour Payday Loans

Money Mutual uses advanced encryption and secure servers to protect borrowers’ information during the application process. The platform follows data privacy rules and ensures transparency when sharing information with lenders. Its technology-driven system quickly matches borrowers with lenders while keeping their data safe.

Eligibility Requirements for Payday Loans with No Credit Check

If you’re considering Money Mutual’s 1-hour payday loans with no credit check, it’s important to know the basic eligibility requirements. Money Mutual ensures that borrowers meet these minimum standards before connecting them with licensed lenders, helping to support responsible borrowing and fast loan processing.
- Minimum Age: Borrowers must be at least 18 years old to apply for a payday loan. This ensures compliance with legal requirements, and lenders verify age using official documents.
- Proof of Income: Applicants need to show proof of income to confirm they can repay the loan. This could include recent pay stubs, bank statements, or benefits documentation.
- Valid Bank Account: A checking or savings account in the borrower’s name is required to receive the loan and make repayments.
- U.S. Residency: The loans are available only to U.S. residents. Applicants must confirm their residency status during the application to comply with federal and state laws.
Benefits of Money Mutual’s 1-Hour Payday Loans with No Credit Check vs. Traditional Payday Loans

More people are choosing Money Mutual’s online process for 1-hour payday loans with no credit check over traditional payday lending. Money Mutual connects borrowers with loans that offer guaranteed approval and fast funding, making it easier, quicker, and more transparent. Here’s why digital lending is changing short-term borrowing in 2025:
- Faster Processing: Unlike traditional payday loan stores that require paperwork and in-person visits, Money Mutual offers quick online applications with instant approval. Borrowers can apply in minutes and get matched with lenders almost immediately.
- Clearer Loan Terms: Traditional payday lenders sometimes don’t fully explain the loan terms. Money Mutual lets borrowers see the full details, including repayment schedules and APRs, before they agree to the loan. This helps borrowers make informed choices.
- Easy Access from Anywhere: With Money Mutual, borrowers can apply for loans from any device, eliminating the need to visit a physical location. This makes it more convenient for people with busy schedules or urgent expenses.
- Larger Network of Lenders: Money Mutual works with many licensed lenders, increasing the chances of approval and giving borrowers the opportunity to compare offers for better terms.
CHECK OUT 1-HOUR PAYDAY LOAN OPTIONS WITH NO CREDIT CHECK

How Money Mutual Connects Borrowers with Licensed Payday Lenders?

Money Mutual makes it easy for borrowers to get 1-hour payday loans with no credit check by connecting them with licensed direct lenders across the country. The platform ensures that borrowers are matched quickly, securely, and in line with all regulations.
- Digital Lender Network: Money Mutual works with a network of licensed lenders offering no credit check payday loans. This allows borrowers to compare multiple loan offers at once, increasing their chances of approval and helping them find loans that fit their needs.
- Automated Screening: The platform uses automated technology to match borrowers with the right lenders for their loan requests. This speeds up the process and reduces errors.
- Secure Information Sharing: Borrower details are safely sent to lenders using encrypted methods, ensuring their personal information is protected throughout the application process.
- Easy Communication: Money Mutual allows borrowers to communicate directly with lenders online, making it simple to review, ask questions, and accept loan terms without having to visit a physical office.
Conclusion

In conclusion, Money Mutual is revolutionizing the payday loan process by offering a fast and secure way for borrowers to access 1-hour payday loans with no credit check. Through its digital platform, Money Mutual connects applicants with licensed lenders, allowing for quick approvals and hassle-free applications.

This streamlined approach eliminates the need for lengthy paperwork or in-person visits, making it an ideal solution for those in urgent financial situations. By prioritizing transparency and security, Money Mutual ensures that borrowers can make informed decisions with confidence.

The platform’s automated technology, secure information handling, and a wide network of lenders provide a convenient and reliable way to secure quick financial support. With Money Mutual, borrowers can access the funds they need when they need them, all while keeping the process simple and secure.

FAQs
1. What is the easiest cash loan to get approved for?
  - The easiest cash loans to get approved for are typically payday loans or personal loans with no credit check. These loans often have fast approval processes but come with higher fees and interest rates.
2. Is Salad Money a payday loan?
  - No, Salad Money is not a traditional payday loan. It provides short-term, no-interest loans for people in need, primarily focused on helping individuals with low or no credit.
3. How to borrow $500 immediately?
  - You can borrow $500 immediately through payday loans, personal loans from online lenders, or by using a credit card if available. Many lenders offer fast approval for these amounts, but fees and interest rates may apply.
4. How can I get $1000 today?
  - To get $1000 today, you can consider payday loans, pawnshop loans, or request a cash advance from your credit card. Be mindful of high fees and interest rates with these options.
5. What is a hardship loan?
  - A hardship loan is a loan offered to individuals facing financial difficulties, such as medical emergencies or job loss. These loans often have more lenient terms to help borrowers manage through tough times.
Disclaimer:
Money Mutual is not a lender and does not make loan decisions. Loan approval is subject to the lender’s terms and conditions, including income verification and eligibility. Loan amounts, fees, and repayment terms may vary based on the lender’s policies. Emergency loan bad credit guaranteed approval, no credit check loans guaranteed approval, and other offers are available based on individual circumstances and lender requirements. Approval is not guaranteed and may depend on various factors, including your income and financial history. Always review loan terms before accepting any offer.

Mail: customerservice@moneymutual.com

Brand website: https://moneymutual.com/
Project name: Money Mutual
Address: 2510 E. Sunset Rd.
Ste 6, #85
Las Vegas NV, 89120
Postal code: 89120
Media Contact:
Full Name – Chloe Simon
Company website: https://moneymutual.com/
Email: customerservice@moneymutual.com

===================================

Contact Us For Advertising – rajneesh08verma@gmail.com

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The MIL Network –
June 21, 2025

MIL-OSI Economics: Review of Priority Sector Lending norms – Small Finance Banks

Source: Reserve Bank of India

RBI/2025-26/61
DOR.LIC.REC.36/16.13.218/2025-26

June 20, 2025

All Small Finance Banks

Madam/ Dear Sir,

Review of Priority Sector Lending norms – Small Finance Banks

Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by Reserve Bank on December 5, 2019. In terms of paragraph II (9) of the aforesaid Licensing Guidelines, a small finance bank (SFB) is required to extend 75 per cent of its Adjusted Net Bank Credit (ANBC) to the sectors eligible for classification as priority sector lending (PSL) by the Reserve Bank. Further, while 40 per cent of its ANBC should be allocated to different sub-sectors under PSL as per the extant PSL prescriptions, the bank can allocate the balance 35 per cent to any one or more sub-sectors under the PSL where it has competitive advantage.

Revised provisions

2. On a review, it has been decided that financial year 2025-26 onwards, the additional component (35 per cent) of PSL shall be reduced to 20 per cent, thereby making the overall PSL target as 60 per cent of ANBC or Credit Equivalent of Off-Balance Sheet Exposures (CEOBE), whichever is higher. The SFB shall continue to allocate 40 per cent of its ANBC or CEOBE, whichever is higher, to different sub-sectors under PSL as per the extant PSL prescriptions, while the balance 20 per cent shall be allocated to any one or more sub-sectors under the PSL where the bank has competitive advantage.

3. These instructions are issued in exercise of the powers conferred on the Reserve Bank of India under Section 22 (1) of the Banking Regulation Act, 1949.

Yours faithfully,

(Manoranjan Padhy)
Chief General Manager

MIL OSI Economics –

June 21, 2025

MIL-OSI Global: Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy

Source: The Conversation – UK – By Tobias Jung, Professor of Management, University of St Andrews

Photo Agency/Shutterstock

Following a sharp drop in Tesla’s share price, outlets reported that the world’s richest person, Elon Musk, had “lost” US$34 billion (£25 billion) in a single day. That figure exceeds the annual GDP of countries like Iceland, Jamaica or Mauritius. Gaining or losing even 0.001% of that wealth would be life-changing for most people.

But, this “loss” is entirely nominal. A decline in share prices means Musk is technically worth less. If prices rebound, so does his net worth.

While such volatility can devastate smaller investors reliant on their portfolios, it is a recurring feature of ultra-wealth. Consider the US$100 billion decline in Meta CEO Mark Zuckerberg’s fortune during his Metaverse pivot, or the US$18 billion drop Microsoft founder Bill Gates experienced during the 2008 financial crisis.

These share price shifts may reduce billionaires’ net worth on paper, but they rarely affect their lifestyle. Where they do matter however is in philanthropy. Here, timing is everything. The higher the share price at the point of donation, the greater the tax benefit, and the more reputational capital to be locked in.

This raises deeper questions about how philanthropic incentives are structured, and who ultimately benefits.

Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

Although philanthropy is often associated with generosity, legacy or moral responsibility, these are only part of the picture. This is particularly true when it comes to major giving by the ultra-wealthy.

Instead, from a wealth advisory perspective, one of the most strategically valuable (yet less publicly discussed) motivations is tax management. And, while many assume that philanthropy means donating money, tax systems often encourage the donation of appreciated assets, particularly shares, instead.

As a worked example by the Bank of America illustrates, a US$50,000 donation in appreciated stock might easily present a tax benefit of almost US$10,000 over and above the tax benefits of donating the same amount in cash.

Why is that? First of all, there is the potential of a tax deduction equal to the fair market value at the point of donation. The value of the asset at the point of donation is important for your tax deduction, not what you actually paid for it or whether its value is going to plunge in future.

On top of that, there are opportunities to reduce other taxes too. This includes capital gains or inheritance taxes, the latter illustrated in the establishment of one of the world’s largest foundations, the Ford Foundation and its use as a vehicle to manage both inheritance tax and maintain corporate control.

But the benefits of donating shares and other appreciated assets are not just financial. For high-profile donors, philanthropy also serves as a powerful tool for shaping public perceptions, projecting images of civic virtue, moral leadership, and social responsibility. It allows them to convert one form of capital, such as financial wealth, into others – social status, cultural influence or symbolic legitimacy.

Converting capital into cultural influence: Carnegie Hall in New York was funded by industrialist Andrew Carnegie.
Victoria Lipov/Shutterstock

Volatile, appreciated and often bound-up assets can be unlocked and transformed into something far more enduring – a philanthropic legacy. Even if share prices plunge after the donation, the donor has already secured both a substantial tax benefit and a lasting philanthropic image.

Tax management is a longstanding concern in philanthropy, particularly in relation to philanthropic foundations. But it really is donor advised funds (DAFs) that now warrant closer scrutiny as the real “warehouses of wealth”. Constituting one of the fastest-growing vehicles for philanthropy, DAFs act as “giving accounts”. They allow donors to claim charitable contributions and receive immediate tax deductions but without actually making an immediate charitable contribution to society.

While donors technically give up ownership of these assets, they retain advisory privileges over whether and when resources are granted, to whom, and in what amounts. DAFs have no legal requirement to disburse funds within a specific timeframe. That means that any charitable spending can be delayed, potentially indefinitely, despite the upfront public subsidy via tax relief.

Time for reform?

All of these issues raise serious questions as to whether philanthropic architecture is ripe for reform. When donors can receive substantial tax and social benefits by donating volatile assets, regardless of whether or when they benefit the public, it seems that both society and the philanthropy field are shortchanged.

First, significant resources are diverted from the public purse into privately controlled channels, often with limited oversight. Second, charitable giving is decoupled from charitable action or impact. Third, influence is consolidated – decisions about how public-subsidised funds are used are made not through democratic processes, but through private choice.

The most corrosive effect, however, may be on philanthropy itself. As financial incentives and personal benefits are recast and presented as altruistic, the perception, purposes and potential of philanthropy for the public good risk being eroded and replaced by cynicism.

This brings us back to Musk’s US$34 billion “loss”. While headlines framed it as a dramatic reversal of fortune, the real story lies not in the number but in the system behind it. For those whose wealth is held in stock, market volatility presents a tool for tax planning, image-making, strategic giving and long-term influence. What looks like loss may in fact be leverage.

Tobias Jung does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

– ref. Why Elon Musk’s US$34 billion loss wasn’t really that – and what it tells us about the philanthropy of the ultra-wealthy – https://theconversation.com/why-elon-musks-us-34-billion-loss-wasnt-really-that-and-what-it-tells-us-about-the-philanthropy-of-the-ultra-wealthy-259176

MIL OSI – Global Reports –

June 21, 2025
MIL-OSI China: China to remain firmly committed to opening its market wider: FM spokesperson

Source: People’s Republic of China – State Council News

China will remain firmly committed to opening its market wider to the world, foster new driving forces, create new opportunities, and enable the world to benefit from China’s steady growth and draw impetus for common development, a Chinese foreign ministry spokesperson said on Friday.

A recent report released by the World Bank shows that China’s economy maintained growth momentum in early 2025, and in response to global trade uncertainty, the government has implemented accommodative monetary and fiscal policies. Recently international institutions, such as J.P. Morgan and Goldman Sachs, have also revised up China’s growth prospects.

In response to a related query, spokesperson Guo Jiakun said at a daily news briefing that China’s economy has forged steadily ahead, achieved high-quality growth and fostered new growth points amid a complex external environment, demonstrating strong resilience and potential. It is now a stabilizer for the world economy and a magnet for sharing development opportunities.

In the first five months of this year, China’s total imports and exports of goods increased by 2.5 percent year on year, and the total retail sales of consumer goods went up 5 percent. Shopping in China has become a buzzing trend among foreign travelers. In the first month after the policy of departure tax refunds was rolled out, application for departure tax refunds across the country surged by 116 percent year on year. Traveling to China visa free is expected to be a popular choice during the summer holiday, Guo noted.

“Facts have shown that the fundamentals of China’s long-term economic growth remain unchanged, the strengths of our mega-size market and complete industrial system remain unchanged, and our policy of pursuing high-quality development and high-standard opening up remains unchanged,” Guo said.

This is the source of the world’s confidence in China’s growth forecast and their determination to invest in China and further explore China’s market, he added.

MIL OSI China News –

June 21, 2025
MIL-OSI: Canadian Banc Corp. At-The-Market Equity Program Renewed

Source: GlobeNewswire (MIL-OSI)

TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Canadian Banc Corp. (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in January 2024 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

The Company invests in a portfolio of six publicly traded Canadian Banks as follows:

Bank of Montreal Canadian Imperial Bank of Commerce Royal Bank of Canada

The Bank of Nova Scotia National Bank of Canada The Toronto-Dominion Bank

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

Investor Relations:
1-877-478-2372
Local: 416-304-4443
www.canadianbanc.com
info@quadravest.com

The MIL Network –

June 21, 2025
MIL-OSI: Dividend 15 Split Corp. II At-The-Market Equity Program Renewed

Source: GlobeNewswire (MIL-OSI)

TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. II (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

The Company invests primarily in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.dividend15.com
info@quadravest.com

The MIL Network –

June 21, 2025
MIL-OSI: FV Bank Redefines Institutional-Grade Client and Tax Reporting Efficiency with Bitwave

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, June 20, 2025 (GLOBE NEWSWIRE) — FV Bank, a globally regulated digital asset custodian and banking platform, announced a landmark partnership with Bitwave to streamline and automate digital asset tax and financial reporting, setting a new institutional standard for compliance and operational scalability.

As digital asset adoption continues to mature, so do the expectations for institutional accountability, tax transparency, and audit-readiness. With a customer base spanning over 70 countries and operations in one of the most stringently regulated environments in finance, FV Bank has taken a bold step forward to modernize its infrastructure and ensure compliance without compromising efficiency.

Operational Innovation Meets Regulatory Excellence

Leading custodians – like FV Bank – face unique reporting challenges when managing customer assets under the FBO (“For the Benefit Of”) accounting model. This structure requires financial teams to track assets and liabilities both at the institution level and for individual customers.

By integrating Bitwave’s industry-leading financial platform, FV Bank has successfully automated the dual-layered reporting structure, creating both client-facing tax forms (such as 1099s) and detailed internal books that meet institutional audit standards.

“At FV Bank, we take pride in offering secure, compliant, and forward-thinking financial services. Partnering with Bitwave allows us to push the envelope on what’s possible with digital asset reporting efficiency with global scale,” said Miles Paschini, CEO of FV Bank.

“We’re not just solving a tax problem, we’re setting a new benchmark for operational excellence.”

Solving Tax Complexity at Scale

Tax reporting in digital assets is notoriously complex, especially for high-throughput financial institutions.

With Bitwave, FV Bank has streamlined its tax workflows to automatically generate accurate, auditable gain/loss data for every client account. This eliminates the need for fragmented spreadsheets, manual reconciliations, and error-prone calculations.

“FV Bank is a true leader in operational compliance and financial innovation,” said Pat White, CEO of Bitwave.

“Their embrace of Bitwave for both internal and customer-facing reporting proves that institutions can lead the way in digital asset transparency and integrity.”

Driving Scalable Compliance for the Future of Finance

Bitwave’s robust platform is designed to meet the needs of enterprise-grade finance teams, enabling institutions like FV Bank to remain audit-ready, regulator-friendly, and technologically agile.

This partnership represents a scalable solution that other neobanks, trust companies, and crypto-forward enterprises can emulate.

As regulators and policymakers focus increasingly on transparency and accountability in crypto finance, FV Bank is not waiting to react, it’s leading.

About FV Bank

FV Bank is a fully licensed and regulated U.S. digital bank offering a vertically integrated suite of digital asset and traditional banking services. With a focus on innovation, security, and compliance, FV Bank is Banking the Future by providing USD banking, digital asset custody services, money market accounts, Visa debit cards, and stablecoin deposits and conversions, all accessible via a single, unified platform.

For more information about FV Bank, please visit www.fvbank.us.

About Bitwave

Bitwave is the #1 digital asset subledger and on-chain finance platform for businesses.

Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform.

Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams. We enable the digital asset economy with scalable financial operations.

For more, visit bitwave.io.

Media Contact:
Kaleb Leija
VP of Marketing, Bitwave
marketing@bitwave.io

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e55433b-f39c-4295-b904-12b7ba085cab

The MIL Network –

June 21, 2025
MIL-OSI: FV Bank Redefines Institutional-Grade Client and Tax Reporting Efficiency with Bitwave

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, June 20, 2025 (GLOBE NEWSWIRE) — FV Bank, a globally regulated digital asset custodian and banking platform, announced a landmark partnership with Bitwave to streamline and automate digital asset tax and financial reporting, setting a new institutional standard for compliance and operational scalability.

As digital asset adoption continues to mature, so do the expectations for institutional accountability, tax transparency, and audit-readiness. With a customer base spanning over 70 countries and operations in one of the most stringently regulated environments in finance, FV Bank has taken a bold step forward to modernize its infrastructure and ensure compliance without compromising efficiency.

Operational Innovation Meets Regulatory Excellence

Leading custodians – like FV Bank – face unique reporting challenges when managing customer assets under the FBO (“For the Benefit Of”) accounting model. This structure requires financial teams to track assets and liabilities both at the institution level and for individual customers.

By integrating Bitwave’s industry-leading financial platform, FV Bank has successfully automated the dual-layered reporting structure, creating both client-facing tax forms (such as 1099s) and detailed internal books that meet institutional audit standards.

“At FV Bank, we take pride in offering secure, compliant, and forward-thinking financial services. Partnering with Bitwave allows us to push the envelope on what’s possible with digital asset reporting efficiency with global scale,” said Miles Paschini, CEO of FV Bank.

“We’re not just solving a tax problem, we’re setting a new benchmark for operational excellence.”

Solving Tax Complexity at Scale

Tax reporting in digital assets is notoriously complex, especially for high-throughput financial institutions.

With Bitwave, FV Bank has streamlined its tax workflows to automatically generate accurate, auditable gain/loss data for every client account. This eliminates the need for fragmented spreadsheets, manual reconciliations, and error-prone calculations.

“FV Bank is a true leader in operational compliance and financial innovation,” said Pat White, CEO of Bitwave.

“Their embrace of Bitwave for both internal and customer-facing reporting proves that institutions can lead the way in digital asset transparency and integrity.”

Driving Scalable Compliance for the Future of Finance

Bitwave’s robust platform is designed to meet the needs of enterprise-grade finance teams, enabling institutions like FV Bank to remain audit-ready, regulator-friendly, and technologically agile.

This partnership represents a scalable solution that other neobanks, trust companies, and crypto-forward enterprises can emulate.

As regulators and policymakers focus increasingly on transparency and accountability in crypto finance, FV Bank is not waiting to react, it’s leading.

About FV Bank

FV Bank is a fully licensed and regulated U.S. digital bank offering a vertically integrated suite of digital asset and traditional banking services. With a focus on innovation, security, and compliance, FV Bank is Banking the Future by providing USD banking, digital asset custody services, money market accounts, Visa debit cards, and stablecoin deposits and conversions, all accessible via a single, unified platform.

For more information about FV Bank, please visit www.fvbank.us.

About Bitwave

Bitwave is the #1 digital asset subledger and on-chain finance platform for businesses.

Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform.

Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams. We enable the digital asset economy with scalable financial operations.

For more, visit bitwave.io.

Media Contact:
Kaleb Leija
VP of Marketing, Bitwave
marketing@bitwave.io

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e55433b-f39c-4295-b904-12b7ba085cab

The MIL Network –

June 21, 2025
MIL-OSI China: China’s central bank says mainland-HK payment connect will begin operations soon

Source: People’s Republic of China – State Council News

BEIJING, June 20 — The People’s Bank of China (PBOC), the country’s central bank, said on Friday that the cross-border payment connect linking users in the Chinese mainland and Hong Kong will begin operations on June 22.

By linking the mainland’s Internet Banking Payment System and Hong Kong’s Faster Payment System, the payment connect will support participating institutions to provide efficient, convenient and safe cross-border payment services for residents in both the mainland and Hong Kong, the PBOC said in a statement.

The payment connect system is another important measure unveiled by the central government to support Hong Kong’s development, enhance people’s livelihoods, and promote cooperation between the mainland and Hong Kong, according to the statement.

Through the system, users will be able to initiate cross-border remittances in renminbi and Hong Kong dollars in both locations via mobile and online banking channels, improving the efficiency of cross-border money transfers.

Additionally, the costs of cross-border money transfers will be lowered as relevant payment infrastructures are connected directly within the system.

The introduction of the system is also expected to facilitate economic and trade activities on the mainland and in Hong Kong, and to strengthen Hong Kong’s status as an international financial center, per the statement.

A launch ceremony for the payment connect was held on Friday, attended by PBOC Governor Pan Gongsheng and Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA).

In its next step, the PBOC will enhance regulatory cooperation with the HKMA to ensure the smooth, orderly operations of the system.

Institutions participating in the payment connect should comply strictly with relevant anti-money laundering, counter-terrorist financing, counter-proliferation financing and cross-border payment settlement laws and regulations, according to the PBOC statement.

MIL OSI China News –

June 21, 2025
MIL-OSI Banking: Samsung Partners With Electronic Arts and Xbox To Bring EA SPORTS FC™ 25 to Samsung Gaming Hub

Source: Samsung

Samsung today announced a partnership with Electronic Arts (EA) and Xbox to bring the action of EA SPORTS FCTM 25 to Samsung Gaming Hub. Samsung TV and monitor owners can now play EA SPORTS FC 25 through the Xbox app with Xbox Cloud Gaming (Beta) on supported devices1. All players need to get started is a compatible controller and Xbox Game Pass Ultimate, which includes EA Play.
As a special promotion, new Xbox Game Pass subscribers can receive a two-month Ultimate Game Pass subscription2. The offer is available to both existing Samsung TV and monitor owners and those who buy a new, qualifying product. To redeem, users can simply download the Samsung Promotions app on their Samsung TV, click the Xbox promotion banner or scan the QR code with their mobile device, and then follow the steps on the screen to activate their offer.
“We are delighted to bring EA SPORTS FC 25 to Samsung TVs and monitors through cloud gaming on Samsung Gaming Hub,” said Hun Lee, Executive Vice President of the Visual Display Business at Samsung Electronics. “As the world’s leading TV manufacturer, one of our goals is to immerse soccer fans around the world feel the thrill and enjoy the exciting game of soccer, whether they are playing the game or watching a match live on a Samsung TV.”

EA SPORTS FC 25 gives players more ways to win for the club, by teaming up with friends across their favourite modes with 5v5 Rushand managing their clubs to victory as FC IQ delivers more tactical control than ever before. Fans will also continue to experience unrivalled authenticity with the most true-to-life experience of football’s biggest competitions, clubs and stars, with FC 25 featuring over 19,000+ athletes across 700+ teams in more than 120 stadiums and 30+ leagues from around the world.
Samsung Gaming Hub, first introduced in 2022, has redefined home entertainment by giving players access to thousands of games directly on Samsung TVs and monitors. This includes the 2025 TV series, spanning Samsung Neo QLED 8K, Neo QLED 4K, OLED, QLED, The Frame and The Frame Pro, which are powered by Samsung Vision AI for AI enhanced picture and sound, along with new personalized features that bring you closer to all the shows, movies and games you love.

In a first for the TV industry, Samsung has partnered with Microsoft to integrate Xbox Cloud Gaming (Beta), and now supports a wide range of streamed games from partners including NVIDIA GeForce NOW, and Amazon Luna.
For more information on Samsung Gaming Hub, please visit www.samsung.com.

MIL OSI Global Banks –

June 21, 2025
MIL-OSI: West Bancorporation, Inc. to Announce Quarterly Results, Hold Conference Call

Source: GlobeNewswire (MIL-OSI)

WEST DES MOINES, Iowa, June 20, 2025 (GLOBE NEWSWIRE) — West Bancorporation, Inc. (Nasdaq: WTBA) (the “Company”), parent company of West Bank, will report its results for the second quarter of 2025 on Thursday, July 24, 2025 before the markets open.

The Company will discuss its results in a conference call scheduled for 2:00 p.m. Central Time on Thursday, July 24, 2025. The telephone number for the conference call is 800-715-9871. The conference ID for the conference call is 7846129. A recording of the call will be available until August 7, 2025, by dialing 800-770-2030. The conference ID for the replay call is 7846129, followed by the # key.

West Bancorporation, Inc. is headquartered in West Des Moines, Iowa. Serving its customers since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., is a community bank that focuses on lending, deposit services and trust services for consumers and small- to medium-sized businesses. The Bank has six offices in the greater Des Moines, Iowa area, one office in Coralville, Iowa, and four offices in Minnesota, in the cities of Rochester, Mankato, Owatonna and St. Cloud.

For more information contact:
Jane Funk, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-5766

The MIL Network –

June 21, 2025
MIL-OSI: West Bancorporation, Inc. to Announce Quarterly Results, Hold Conference Call

Source: GlobeNewswire (MIL-OSI)

WEST DES MOINES, Iowa, June 20, 2025 (GLOBE NEWSWIRE) — West Bancorporation, Inc. (Nasdaq: WTBA) (the “Company”), parent company of West Bank, will report its results for the second quarter of 2025 on Thursday, July 24, 2025 before the markets open.

The Company will discuss its results in a conference call scheduled for 2:00 p.m. Central Time on Thursday, July 24, 2025. The telephone number for the conference call is 800-715-9871. The conference ID for the conference call is 7846129. A recording of the call will be available until August 7, 2025, by dialing 800-770-2030. The conference ID for the replay call is 7846129, followed by the # key.

West Bancorporation, Inc. is headquartered in West Des Moines, Iowa. Serving its customers since 1893, West Bank, a wholly-owned subsidiary of West Bancorporation, Inc., is a community bank that focuses on lending, deposit services and trust services for consumers and small- to medium-sized businesses. The Bank has six offices in the greater Des Moines, Iowa area, one office in Coralville, Iowa, and four offices in Minnesota, in the cities of Rochester, Mankato, Owatonna and St. Cloud.

For more information contact:
Jane Funk, Executive Vice President, Treasurer and Chief Financial Officer (515) 222-5766

The MIL Network –

June 21, 2025
MIL-OSI: Personal Loans for Bad Credit with Guaranteed Approval for Credit Scores 580 or Lower – Radcred Launches New Loan Platform For No Credit
Source: GlobeNewswire (MIL-OSI)

Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — Radcred has launched its new platform for personal loans for individuals with bad credit, offering a streamlined and flexible process to secure loans despite poor credit scores. This innovative platform enables those with credit scores below 600 to secure quick, collateral-free loans, focusing on income and repayment ability rather than just credit scores.

With fast approval times, flexible repayment terms, and no collateral required, Radcred’s platform provides a straightforward and transparent way for borrowers to access financial relief during times of urgent need. This new offering is designed to help individuals navigate unexpected expenses without the constraints of traditional credit-based lending practices.

Why People with Poor Credit Scores Turn to Personal Loans for Bad Credit?

Individuals with credit scores below 600 often face difficulties accessing traditional loan options. Traditional lenders typically rely on credit scores as the primary qualification metric, making it hard for people with poor credit to secure financial assistance. This gap in financial services has led to a growing demand for personal loans for individuals with bad credit, which offer a more flexible approach.

Radcred’s platform addresses this need by considering borrowers’ income and repayment capacity, rather than focusing solely on their credit scores. Many people with bad credit turn to Radcred’s loan platform to cover urgent financial needs, such as medical bills, car repairs, or rent payments. The platform provides a lifeline to those who would otherwise be rejected by traditional lenders, offering quick and accessible loans based on their ability to repay rather than their credit history. This offers a crucial opportunity for individuals to meet their financial goals without the burden of an unacceptable credit score.

Key Features of Radcred’s Personal Loans for Bad Credit Platform

Radcred’s platform is designed to offer borrowers a seamless, fast, and secure way to obtain personal loans, even with bad credit. The user-friendly process streamlines access to funds, prioritising income and repayment capacity over credit scores. With quick approvals, no collateral required, and flexible terms, Radcred provides an efficient and transparent loan experience. Key features include:
- Fast Approval: Loans can be approved within minutes, with funds often deposited the same day, providing quick access to much-needed cash.
- No Collateral Required: Unlike many traditional loans, Radcred’s platform does not require borrowers to put up assets as security, making it easier for those without valuable collateral to qualify.
- Flexible Terms: Radcred offers repayment terms ranging from 1 to 3 years, allowing borrowers to choose the option that best fits their financial situation and budget.
- Transparent Fees: There are no hidden fees; the APR and all fees are disclosed upfront, ensuring borrowers understand the total cost of their loan.
- Accessibility: The entire process is conducted online, eliminating the need to visit a store or branch, making it convenient for borrowers to apply from the comfort of their own homes.
These features combine to create an easy-to-use platform that simplifies the loan process for those who need it most. Radcred’s commitment to providing fast, transparent, and flexible personal loans makes it an excellent solution for individuals with poor credit.

GET THE FINANCIAL RELIEF YOU NEED

How Radcred’s Personal Loans for Bad Credit Platform Works?

Applying for a personal loan on Radcred’s platform is simple, quick, and user-friendly. The process is designed to be accessible for individuals with bad credit. With just a few easy steps, borrowers can complete the application online, receive instant approval, and get matched with lenders offering personalized loan terms based on their income and ability to repay.
- Apply Online: To begin the process, visit Radcred’s website and complete a straightforward online application form. The process takes only a few minutes, allowing you to get started right away.
- Soft Credit Check: Radcred performs a soft-pull credit inquiry, which does not affect your credit score. This step helps the platform understand your creditworthiness without negatively impacting your score.
- Lender Matching: Once you apply, Radcred’s platform matches you with multiple lenders who offer personalized loan terms based on your profile. This step provides a variety of options for you to choose from, ensuring you find the best deal.
- Review Offers: After receiving loan offers, you can review the details, including interest rates, repayment terms, and loan amounts. This transparency allows you to compare your options and choose the loan that best fits your needs.
- Receive Funds: After selecting the best offer, you can accept the loan terms, and the funds will be deposited directly into your bank account, often on the same day.
Radcred’s platform focuses on providing accessible, fast, and flexible loan options for individuals with bad credit, offering a quick and straightforward process that ensures you can get the financial help you need without long waits or complex procedures.

Why Borrowers Turn to Radcred’s Personal Loans for Bad Credit?

Many individuals with bad credit often find themselves facing limited borrowing options, especially when they need money quickly. This is where Radcred steps in, providing a lifeline to borrowers who traditional lenders may have rejected. The platform’s unique approach focuses on income and repayment capacity, rather than credit scores, making it easier for individuals with poor credit histories to secure loans.

Radcred’s flexibility is a significant appeal, as it offers quick and easy access to loans that can help cover urgent expenses, such as medical bills, car repairs, or household costs. The fast approval process and same-day funding provide borrowers with immediate relief. The online application and matching with multiple lenders make the process seamless and efficient. By considering a borrower’s financial situation rather than focusing solely on their credit score, Radcred offers a truly accessible solution for those in need.

COMPARE PERSONALIZED LOAN OFFERS WITH RADCRED

Eligibility Requirements for Radcred’s Personal Loans for Bad Credit

To qualify for Radcred’s Personal Loans for Bad Credit, applicants must meet the following requirements: be at least 18 years old, a U.S. resident, and have a valid bank account for direct deposit. Proof of income is required to demonstrate the ability to repay the loan, and Radcred uses a soft-pull credit check that won’t affect your credit score.
- Age: Applicants must be at least 18 years old.
- Residency: You must be a U.S. resident.
- Bank Account: A valid bank account is required for direct deposit of funds.
- Income: Proof of income (such as pay stubs or bank statements) must be provided to demonstrate the ability to repay the loan.
- Credit Check: Radcred uses a soft-pull credit inquiry, so applying won’t affect your credit score.
- Flexible Criteria: Although credit scores are considered, they are not the sole determining factor in approval.
The Benefits of Radcred’s Personal Loans for Bad Credit

Radcred’s platform offers several key benefits that set it apart from traditional loan providers. These include quick approval times, often within minutes, and same-day funding for eligible borrowers. With flexible repayment terms ranging from 1 to 3 years, no collateral required, and transparent fees, Radcred provides accessible loans tailored to individuals with bad credit.
- Speed: Loans are approved quickly, often with same-day funding, offering fast access to cash when you need it most.
- Flexibility: Repayment terms can range from 1 to 3 years, allowing borrowers to select a schedule that fits their financial situation.
- Transparency: Radcred provides clear APRs and no hidden fees, so you know exactly what to expect.
- No Collateral: The loans are unsecured, meaning you don’t need to risk your property or assets.
- Accessible for Bad Credit: Radcred focuses on income and repayment ability rather than credit score, offering opportunities for individuals with poor credit.
These benefits make Radcred’s platform an excellent option for individuals in need of financial relief but who struggle with traditional lenders.

LEARN MORE ABOUT RADCRED’S LOAN PLATFORM

How Radcred Connects Borrowers with Licensed Payday Lenders?

Radcred operates as a marketplace, connecting borrowers with a network of licensed and vetted lenders. The platform carefully selects its lending partners to ensure they meet industry standards and comply with relevant regulatory requirements. Each lender in Radcred’s network is thoroughly vetted to guarantee they follow responsible lending practices and provide fair, transparent loan terms.

By working with multiple lenders, Radcred provides borrowers with access to a range of loan options, enabling them to compare rates, terms, and conditions before selecting the best deal. This competitive environment ensures that borrowers receive personalized offers suited to their financial needs. Moreover, Radcred ensures consumer protection by partnering only with licensed lenders who adhere to legal standards, providing a safe and secure borrowing experience.

About Radcred

Radcred is a fintech company dedicated to offering accessible and transparent financial solutions for individuals with poor credit. With a focus on customer empowerment, Radcred provides personal loans based on income and ability to repay rather than credit scores. The platform’s mission is to provide fast and flexible loan options to underserved populations. Radcred has helped thousands of borrowers secure affordable loans quickly and continues to expand its platform to meet the growing demand for accessible financial solutions.

Final Thoughts: Radcred Provides Essential Relief for Low Credit Consumers

Radcred’s Personal Loans for Bad Credit platform offers a fast, flexible, and transparent solution for individuals struggling with poor credit. The platform’s quick approval process, no collateral requirements, and focus on income rather than credit score make it a valuable tool for those in need of urgent financial assistance.

Whether it’s medical bills or unexpected expenses, Radcred provides an essential service for those who may otherwise be excluded from traditional lending options. Visit Radcred.com today to apply for a personal loan and take control of your financial future.

Disclaimer

Loans are subject to approval and available only to qualified applicants. Eligibility requirements vary by state. Radcred uses a soft-pull credit check, and credit scores are considered but not the sole determining factor. Loan terms, amounts, and approval times depend on the lender. Availability may be limited based on geographic restrictions.

The MIL Network –
June 21, 2025
MIL-OSI: Personal Loans for Bad Credit with Guaranteed Approval for Credit Scores 580 or Lower – Radcred Launches New Loan Platform For No Credit
Source: GlobeNewswire (MIL-OSI)

Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — Radcred has launched its new platform for personal loans for individuals with bad credit, offering a streamlined and flexible process to secure loans despite poor credit scores. This innovative platform enables those with credit scores below 600 to secure quick, collateral-free loans, focusing on income and repayment ability rather than just credit scores.

With fast approval times, flexible repayment terms, and no collateral required, Radcred’s platform provides a straightforward and transparent way for borrowers to access financial relief during times of urgent need. This new offering is designed to help individuals navigate unexpected expenses without the constraints of traditional credit-based lending practices.

Why People with Poor Credit Scores Turn to Personal Loans for Bad Credit?

Individuals with credit scores below 600 often face difficulties accessing traditional loan options. Traditional lenders typically rely on credit scores as the primary qualification metric, making it hard for people with poor credit to secure financial assistance. This gap in financial services has led to a growing demand for personal loans for individuals with bad credit, which offer a more flexible approach.

Radcred’s platform addresses this need by considering borrowers’ income and repayment capacity, rather than focusing solely on their credit scores. Many people with bad credit turn to Radcred’s loan platform to cover urgent financial needs, such as medical bills, car repairs, or rent payments. The platform provides a lifeline to those who would otherwise be rejected by traditional lenders, offering quick and accessible loans based on their ability to repay rather than their credit history. This offers a crucial opportunity for individuals to meet their financial goals without the burden of an unacceptable credit score.

Key Features of Radcred’s Personal Loans for Bad Credit Platform

Radcred’s platform is designed to offer borrowers a seamless, fast, and secure way to obtain personal loans, even with bad credit. The user-friendly process streamlines access to funds, prioritising income and repayment capacity over credit scores. With quick approvals, no collateral required, and flexible terms, Radcred provides an efficient and transparent loan experience. Key features include:
- Fast Approval: Loans can be approved within minutes, with funds often deposited the same day, providing quick access to much-needed cash.
- No Collateral Required: Unlike many traditional loans, Radcred’s platform does not require borrowers to put up assets as security, making it easier for those without valuable collateral to qualify.
- Flexible Terms: Radcred offers repayment terms ranging from 1 to 3 years, allowing borrowers to choose the option that best fits their financial situation and budget.
- Transparent Fees: There are no hidden fees; the APR and all fees are disclosed upfront, ensuring borrowers understand the total cost of their loan.
- Accessibility: The entire process is conducted online, eliminating the need to visit a store or branch, making it convenient for borrowers to apply from the comfort of their own homes.
These features combine to create an easy-to-use platform that simplifies the loan process for those who need it most. Radcred’s commitment to providing fast, transparent, and flexible personal loans makes it an excellent solution for individuals with poor credit.

GET THE FINANCIAL RELIEF YOU NEED

How Radcred’s Personal Loans for Bad Credit Platform Works?

Applying for a personal loan on Radcred’s platform is simple, quick, and user-friendly. The process is designed to be accessible for individuals with bad credit. With just a few easy steps, borrowers can complete the application online, receive instant approval, and get matched with lenders offering personalized loan terms based on their income and ability to repay.
- Apply Online: To begin the process, visit Radcred’s website and complete a straightforward online application form. The process takes only a few minutes, allowing you to get started right away.
- Soft Credit Check: Radcred performs a soft-pull credit inquiry, which does not affect your credit score. This step helps the platform understand your creditworthiness without negatively impacting your score.
- Lender Matching: Once you apply, Radcred’s platform matches you with multiple lenders who offer personalized loan terms based on your profile. This step provides a variety of options for you to choose from, ensuring you find the best deal.
- Review Offers: After receiving loan offers, you can review the details, including interest rates, repayment terms, and loan amounts. This transparency allows you to compare your options and choose the loan that best fits your needs.
- Receive Funds: After selecting the best offer, you can accept the loan terms, and the funds will be deposited directly into your bank account, often on the same day.
Radcred’s platform focuses on providing accessible, fast, and flexible loan options for individuals with bad credit, offering a quick and straightforward process that ensures you can get the financial help you need without long waits or complex procedures.

Why Borrowers Turn to Radcred’s Personal Loans for Bad Credit?

Many individuals with bad credit often find themselves facing limited borrowing options, especially when they need money quickly. This is where Radcred steps in, providing a lifeline to borrowers who traditional lenders may have rejected. The platform’s unique approach focuses on income and repayment capacity, rather than credit scores, making it easier for individuals with poor credit histories to secure loans.

Radcred’s flexibility is a significant appeal, as it offers quick and easy access to loans that can help cover urgent expenses, such as medical bills, car repairs, or household costs. The fast approval process and same-day funding provide borrowers with immediate relief. The online application and matching with multiple lenders make the process seamless and efficient. By considering a borrower’s financial situation rather than focusing solely on their credit score, Radcred offers a truly accessible solution for those in need.

COMPARE PERSONALIZED LOAN OFFERS WITH RADCRED

Eligibility Requirements for Radcred’s Personal Loans for Bad Credit

To qualify for Radcred’s Personal Loans for Bad Credit, applicants must meet the following requirements: be at least 18 years old, a U.S. resident, and have a valid bank account for direct deposit. Proof of income is required to demonstrate the ability to repay the loan, and Radcred uses a soft-pull credit check that won’t affect your credit score.
- Age: Applicants must be at least 18 years old.
- Residency: You must be a U.S. resident.
- Bank Account: A valid bank account is required for direct deposit of funds.
- Income: Proof of income (such as pay stubs or bank statements) must be provided to demonstrate the ability to repay the loan.
- Credit Check: Radcred uses a soft-pull credit inquiry, so applying won’t affect your credit score.
- Flexible Criteria: Although credit scores are considered, they are not the sole determining factor in approval.
The Benefits of Radcred’s Personal Loans for Bad Credit

Radcred’s platform offers several key benefits that set it apart from traditional loan providers. These include quick approval times, often within minutes, and same-day funding for eligible borrowers. With flexible repayment terms ranging from 1 to 3 years, no collateral required, and transparent fees, Radcred provides accessible loans tailored to individuals with bad credit.
- Speed: Loans are approved quickly, often with same-day funding, offering fast access to cash when you need it most.
- Flexibility: Repayment terms can range from 1 to 3 years, allowing borrowers to select a schedule that fits their financial situation.
- Transparency: Radcred provides clear APRs and no hidden fees, so you know exactly what to expect.
- No Collateral: The loans are unsecured, meaning you don’t need to risk your property or assets.
- Accessible for Bad Credit: Radcred focuses on income and repayment ability rather than credit score, offering opportunities for individuals with poor credit.
These benefits make Radcred’s platform an excellent option for individuals in need of financial relief but who struggle with traditional lenders.

LEARN MORE ABOUT RADCRED’S LOAN PLATFORM

How Radcred Connects Borrowers with Licensed Payday Lenders?

Radcred operates as a marketplace, connecting borrowers with a network of licensed and vetted lenders. The platform carefully selects its lending partners to ensure they meet industry standards and comply with relevant regulatory requirements. Each lender in Radcred’s network is thoroughly vetted to guarantee they follow responsible lending practices and provide fair, transparent loan terms.

By working with multiple lenders, Radcred provides borrowers with access to a range of loan options, enabling them to compare rates, terms, and conditions before selecting the best deal. This competitive environment ensures that borrowers receive personalized offers suited to their financial needs. Moreover, Radcred ensures consumer protection by partnering only with licensed lenders who adhere to legal standards, providing a safe and secure borrowing experience.

About Radcred

Radcred is a fintech company dedicated to offering accessible and transparent financial solutions for individuals with poor credit. With a focus on customer empowerment, Radcred provides personal loans based on income and ability to repay rather than credit scores. The platform’s mission is to provide fast and flexible loan options to underserved populations. Radcred has helped thousands of borrowers secure affordable loans quickly and continues to expand its platform to meet the growing demand for accessible financial solutions.

Final Thoughts: Radcred Provides Essential Relief for Low Credit Consumers

Radcred’s Personal Loans for Bad Credit platform offers a fast, flexible, and transparent solution for individuals struggling with poor credit. The platform’s quick approval process, no collateral requirements, and focus on income rather than credit score make it a valuable tool for those in need of urgent financial assistance.

Whether it’s medical bills or unexpected expenses, Radcred provides an essential service for those who may otherwise be excluded from traditional lending options. Visit Radcred.com today to apply for a personal loan and take control of your financial future.

Disclaimer

Loans are subject to approval and available only to qualified applicants. Eligibility requirements vary by state. Radcred uses a soft-pull credit check, and credit scores are considered but not the sole determining factor. Loan terms, amounts, and approval times depend on the lender. Availability may be limited based on geographic restrictions.

The MIL Network –
June 21, 2025
MIL-OSI Africa: Togo: African Development Bank strengthens partnership with civil society
Source: Africa Press Organisation – English (2) – Report:

The African Development Bank (www.AfDB.org) held its first-ever Civil Society Open Day in Lomé, Togo, on 3 June. The event brought together representatives from the Togolese government, around 30 national and international civil society organisations (CSOs), and Bank staff — all committed to strengthening development partnerships in Togo.

The key personalities at the event all emphasised this shared vision.

Opening the event, Stéphane Akaya, Secretary General of Togo’s Ministry of Economy and Finance, stressed the importance of civil society: “This open day with the African Development Bank reaffirms our joint commitment to inclusive and transparent progress. We are seeking to strengthen a tripartite partnership, where civil society is engaged from conception through to evaluation in order to ensure effective, people-centred development.”

Seconding Mr Akaya’s point, Wilfrid Abiola, Head of the Togo Country Office of AfDB Group, said: “The African Development Bank Group remains committed to strengthening collaboration with Togolese civil society, which is a key player in sustainable development.”

The CSO Open Day in Lomé aimed to strengthen collaboration between the Bank and civil society by sharing information on the Bank’s development operations and projects in Togo. It also sought to encourage dialogue on the role of CSOs throughout the project cycle — from planning and preparation to implementation, supervision, and completion.

“We are keen to strengthen our partnership with civil society organisations in Togo, encouraging open dialogue and promoting their full participation in the projects that we support,” Zeneb Touré, Head of the AfDB’s Civil Society and Community Engagement Division, said.

Minemba Traore, Senior Civil Society Officer for West Africa at the Bank Group, shared information on the institution’s engagement with CSOs, while Ndey Oley Cole, Senior Programme Officer in the AfDB’s Gender, Women and Civil Society Department, presented a summary of the exchanges.

Key outcomes and next steps from the discussions included:
- Greater involvement of civil society: CSOs will be included in all phases of development projects.
- Creation of a formal dialogue platform: The Bank, government, and CSOs will work together to establish a permanent forum for ongoing consultation.
- Capacity building for CSOs: Training will be provided in project monitoring and evaluation, proposal writing, and market access strategies.
- Improved communication: The Bank will share information on its activities in Togo in a more dynamic and accessible way, better meeting the needs of partners and the public.
- Promotion of social inclusion and diversity: Efforts will be made to ensure greater participation of young people and women in development initiatives.
- Development of a detailed action plan: Concrete deliverables and clear deadlines will guide follow-up and ensure effective implementation of commitments.
The Open Day laid the foundations for closer partnerships, which can provide spaces for exchange, consultation and collaboration between the Bank, CSOs and other stakeholders in Togo.

Such an approach will enable the AfDB to better understand local priorities, discuss partnership opportunities and receive input from civil society on the projects that it finances in Togo.

The initiative is aligned with the Bank Group’s Civil Society Engagement Action Plan 2024-2028, which was approved last year. Under Pillar 3 of this action plan, particular attention will be paid to strengthening dialogue with civil society organisations in the countries where the Bank works. Holding of civil society open days in regional member countries of the Bank is a key mechanism for operationalising this commitment.

– on behalf of African Development Bank Group (AfDB).

Link to photo album:
https://apo-opa.co/4kMeIrx

Media contact:
Evelia Gadegbeku
Communication and External Relations Department
media@afdb.org

Media files

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MIL OSI Africa –
June 21, 2025
MIL-OSI Russia: Russia is becoming a key player in the new architecture of the global economy

Translation. Region: Russian Federal

Source: State University Higher School of Economics – State University Higher School of Economics –

The geopolitical fragmentation of the global economy opens up new opportunities for Russia to cooperate with the countries of the Global South and strengthen its own role in global processes. This is stated in the HSE report presented at the St. Petersburg International Economic Forum as part of the VTB session.

Analysts emphasize that the global economy is currently divided into three large blocs – the United States, China and non-aligned countries, which is accompanied by a reduction in trade and investment between them by 12% and 20% since 2022. Despite this, developing countries are increasing their share in world trade: the volume of trade between the countries of the Global South has grown from $2.3 trillion in 2007 to $5.6 trillion in 2023. This indicates the formation of new economic ties and growth centers.

The report notes that the reversal of trade imbalances in 2024 – with the US deficit widening and China’s surplus rising, and the EU moving into positive balance – creates risks of new trade wars and investment reallocation, requiring companies to diversify supplies and expand their partner networks. Logistics challenges caused by conflicts in the Middle East and problems in the Suez and Panama Canals are stimulating the development of alternative routes, including the Northern Sea Route and “green corridors” for the accelerated delivery of critical cargo.

Particular attention is paid to the role of the so-called connector countries – Malaysia, Vietnam and India, which are strengthening trade ties with individual partners, while Russia, Australia and the EU are reducing their dependence on traditional markets, which contributes to the formation of sustainable regional trade turnover.

In the Russian context, experts note that human capital is becoming the main resource for economic growth: the average length of education for Russians aged 25–44 is 14 years, which is higher than in the US and Europe, but further investment in science and R&D is needed to realize this potential. In the context of the crisis, Russia has seen an increase in the production of high-tech products, the development of domestic tourism and paid services, as well as an increase in exports, which are less sensitive to sanctions.

Investment activity is most noticeable in the small and medium enterprise sector and in the production of investment goods, which contributes to the diversification of the economy and the creation of new jobs. Key challenges include tightening monetary policy, rising credit costs, labor shortages and tax pressure, especially in the manufacturing industry.

The authors of the report emphasize that a balanced budget policy and support for those employed in the public sector are necessary for macroeconomic stability, and sustainable growth is possible only with the simultaneous strengthening of the internal and external sustainability of the economy. In conditions of turbulence, Russia can play a key role in the formation of a new architecture of the global economy, focused on cooperation with the countries of the Global South and the creation of alternative development models.

The report was prepared as part of the VTB session “In Search of New Sources of Growth: Is a Different Model of Global Financial and Trade Architecture Possible” at the St. Petersburg International Economic Forum. The session was attended by: Andrey Kostin, President and Chairman of the Management Board of VTB Bank; Yaroslav Kuzminov, Academic Director of the Higher School of Economics; Ahmed bin Mohammed Al Sayyed, Minister of State for Foreign Trade of Qatar; Oleg Deripaska, Founder, En Group; Serhat Keksal, President of the Black Sea Trade and Development Bank; Alexey Overchuk, Deputy Prime Minister of the Russian Federation; Benedict Okey Oramah, President and Chairman of the Board of Directors of Afreximbank; Anton Siluanov, Minister of Finance of the Russian Federation.

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 21, 2025
MIL-OSI: Same Day Payday Loans no Credit Check Guaranteed Approval – Radcred Now Offers Fast, No Credit Check, and Instant Approval Loan for Borrowers in Need For Urgent Financial Needs
Source: GlobeNewswire (MIL-OSI)

Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — In 2025, same day payday loans have become a crucial solution for individuals facing urgent financial needs. These loans offer quick access to funds without the traditional delays associated with standard lending processes. With a growing number of platforms offering no-credit-check options, they are especially attractive for those in need of fast payday loans but who may have difficulty securing traditional credit.

Radcred’s new same day payday loans platform is one such solution, providing quick approval, secure transactions, and the opportunity to receive funds on the same day. This service is designed to meet the needs of borrowers who require instant payday loans services for immediate relief.

Why Do People Apply for Same Day Payday Loans?

Same day payday loans have gained popularity due to the urgency many borrowers face in times of financial distress. Here’s why these loans are in demand:
- Urgency: People often need immediate cash to cover unexpected expenses such as medical bills, car repairs, or utility payments. Same day payday loans provide a quick solution in these situations.
- No Credit Check: These loans appeal to individuals with low or no credit scores. Since they don’t require traditional credit checks, borrowers without perfect credit can access funds when needed the most.
- Quick Funding: Instant payday loans offer fast approval and funding, making them ideal for urgent financial needs. For many, the ability to receive funds within hours is critical for resolving immediate issues.
Same day payday loans online are especially helpful for those who need a personal loan no credit check. These loans are accessible and offer a fast payday loan solution for those in need.

In urgent need of funds? Start your loan application today.

How Does Radcred’s Same Day Payday Loan Platform Work?

Step 1: Application
Start by visiting Radcred’s website and completing a simple online application. The form asks for basic personal details like income and employment status.

Step 2: Soft-Pull Credit Check
Radcred conducts a soft-pull credit check to evaluate eligibility. This process does not affect your credit score, ensuring minimal impact on your credit report.

Step 3: Lender Matching
Once your application is submitted, Radcred’s platform instantly matches you with lenders that offer suitable loan terms based on your profile.

Step 4: Review & Accept Offer
You can review the loan terms, including APR, repayment schedule, and fees. If the terms meet your needs, accept the offer.

Step 5: Receive Funds
After acceptance, the funds are transferred directly to your bank account. Most same day payday loans online are processed and sent within hours, allowing you to access funds quickly.

This streamlined process is designed for speed, security, and convenience, ensuring that eligible borrowers can get quick payday loans without delays.

Key Benefits of Applying for Same Day Payday Loans with Radcred

Radcred’s same-day online payday loans offer several advantages that make them a quick access to fund option for those in urgent need of funds:
- Speed: One of the main benefits is the fast approval and funding process. Borrowers can receive their funds on the same day, often within hours, making it ideal for emergency situations.
- No Credit Check: Radcred’s platform uses soft-pull credit checks, meaning your credit score isn’t impacted. This opens up the possibility of securing an instant cash advance no credit check for individuals with less-than-perfect credit histories.
- Flexible Terms: Radcred provides flexible loan terms to accommodate individual financial situations. You can select a repayment plan that suits your needs and budget, making it easier to manage your loan.
- Transparency: All loan terms, including APR, fees, and repayment schedules, are clearly presented upfront, ensuring there are no hidden costs or surprises down the line.
Radcred’s focus on speed, flexibility, and transparency helps borrowers access the 24hrs payday loan they need while maintaining clear and manageable terms.

Get the help you need. Submit your request for same-day funding.

Common Questions About Applying for Same Day Payday Loans

Many borrowers have questions about same-day payday loans. Below are answers to some of the most frequently asked questions.

Do I need a good credit score to qualify for a payday loan?
No, Radcred doesn’t require a high credit score to qualify. The platform focuses on income and the ability to repay, making it accessible to individuals to get online loans for bad credit.

How fast can I get my payday loan funds?
Radcred offers instant loans. Once approved, funds can be deposited into your bank account on the same day, often within hours, providing a fast solution for urgent financial needs.

What’s the maximum amount I can borrow with a payday loan?
Radcred offers payday loans up to $50,000, depending on your financial profile and the lender’s terms.

Are there any hidden fees?
No, Radcred ensures transparency by providing clear information on all fees and terms upfront, so there are no hidden costs.

Can I apply if I have no credit history?
Yes, Radcred uses a soft-pull credit check and evaluates factors beyond credit scores, like income and employment status, so having no credit history won’t disqualify you.

Eligibility Requirements for Radcred’s Same Day Payday Loans

To qualify for same day pay day loans offered by Radcred, applicants must meet the following requirements:
- Minimum Age: You must be at least 18 years old.
- U.S. Residency: Applicants must be U.S. residents.
- Valid Bank Account: A bank account is required for loan deposits.
- Proof of Income: Submit recent pay stubs or bank statements to verify income.
- No Credit History Required: Radcred uses soft-pull credit checks, which do not affect your credit score.
Meeting these basic criteria allows you to apply for a personal loan no credit check and get a quick decision, with funds typically available within hours.

What Sets Radcred Apart for Same Day Payday Loans?

Radcred is a go-to platform for securing same-day payday loans to people with financial needs. The company partners with licensed lenders, ensuring that all loans meet regulatory standards and provide borrowers with reliable, fast solutions.
- Security: Radcred prioritizes security by using 256-bit encryption to protect sensitive personal and financial information, offering peace of mind to borrowers.
- Consumer-Centric Approach: The platform is dedicated to offering clear terms, including APR, fees, and repayment schedules, ensuring borrowers fully understand their obligations before committing.
- Fast and Reliable: With quick approvals and the ability to receive funds within hours, Radcred is a dependable resource for same day personal loans for bad credit.
Radcred’s reputation for transparency, security, and speed makes it a go-to option for individuals seeking fast, no credit check loans for bad credit online.

About Radcred

Radcred is a fintech company dedicated to providing accessible financial solutions, especially for consumers with poor or limited credit histories. Established with the goal of offering fast and transparent lending services, Radcred ensures that its platform is user-friendly and secure.

Radcred partners with licensed lenders and helps borrowers access payday loans with ease, offering quick approvals and competitive terms. With a focus on customer satisfaction and responsible lending, Radcred has become a trusted name for those seeking financial relief without the traditional hurdles of credit checks.

Final Thoughts: Radcred’s Same Day Payday Loan Platform Offers Quick Access to Funds

Radcred’s Same Day Payday Loan platform is an efficient solution for individuals facing urgent financial needs. With a streamlined application process, no credit check, and fast funding, it provides quick access to funds when every second counts. The platform’s focus on transparency ensures that borrowers understand their terms, while its commitment to security safeguards personal information. Radcred offers a reliable and user-friendly service to help individuals navigate short-term financial challenges with ease.

Need fast cash? Submit your application for quick loan approval.

Disclaimer

Radcred is not a direct lender and does not make credit decisions. Loan approval, amounts, rates, and terms are determined solely by the third-party lenders within its network. Submitting a loan request does not guarantee approval or specific terms. Borrowers are encouraged to carefully review all loan offers and ensure they can meet repayment obligations before accepting any agreement. All loan offers are subject to applicable federal and state regulations.

The MIL Network –
June 21, 2025
MIL-OSI Banking: Joint Media Statement of the 21st ASEAN Ministerial Meeting on Science, Technology and Innovation (AMMSTI-21)

Source: ASEAN – Association of SouthEast Asian Nations

1. The 21st ASEAN Ministerial Meeting on Science, Technology and Innovation (AMMSTI-21) was held on 20 June 2025, in Jakarta, Indonesia, chaired by H.E. Dr. Laksana Tri Handoko, AMMSTI Chair and Chairman of the National Research and Innovation Agency (BRIN), Indonesia. The Meeting was attended by ministers, high level representatives from all 10 ASEAN Member States, Timor-Leste and the Secretary-General of ASEAN.

2. The Meeting congratulated Indonesia on successful hosting of the 21st ASEAN Ministerial Meeting on Science, Technology and Innovation (AMMSTI-21) and the 87th Meeting of the ASEAN Committee on Science, Technology and Innovation (COSTI-87) and related meetings, held from 16 to 20 June 2025, in Jakarta, Indonesia.

Download the full statement here.
The post Joint Media Statement of the 21st ASEAN Ministerial Meeting on Science, Technology and Innovation (AMMSTI-21) appeared first on ASEAN Main Portal.

MIL OSI Global Banks –

June 21, 2025
MIL-OSI Russia: SPIEF-2025: Integration of Education, Science and Business

Translation. Region: Russian Federal

Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

The first day of the Polytechnic University at the Expoforum site during the St. Petersburg International Economic Forum was eventful. Rector of SPbPU Andrey Rudskoy took part in several events organized by the Ministry of Science and Higher Education, and also signed a number of cooperation agreements.

In the morning, experts discussed the topic of personnel training to ensure technological leadership. Opening the session, Deputy Minister of Science and Higher Education Olga Petrova noted that one of the key steps taken to synchronize the personnel training process with the demands of industrial customers and taking into account the challenges associated with the reset of the geopolitical situation was the creation of advanced engineering schools. The Deputy Minister also mentioned the Priority 2030 program, which was reconfigured this year in the direction of technological leadership. And in all projects launched on January 1, 2025, special attention is paid to personnel training. Therefore, the key principles in the new model of higher education are fundamentality, practice-orientedness and flexibility, which allows for the formation of an optimal personnel training scheme in communication with industrial partners.

Rector of SPbPU Andrey Rudskoy developed the topic, sharing the Polytechnic University’s experience in implementing practice-oriented learning, students completing real projects and R&D for industry, for which new educational technologies are used.

“Each university has its own forms and formats of training that are closely related to the implementation of real industrial or technological tasks. The general public should know about this,” says Andrey Rudskoy. “The Ministry of Science and Higher Education has created a media activity rating, and it shows how a particular university works with different audiences, including future engineers or industrialists. I cannot help but note that Polytechnic University has been in the top three for the second year, including holding first place. We also won a grant from the ministry for the popularization of science, and I think that at the end of the year, a large work by our teachers, scientists, and colleagues from the industrial sector will be published, which will be called “Popularization of Digital Engineering Tools in the Activities of a Modern Engineering University within the Framework of the Concept of Achieving Technological Leadership in Russia.” A serious work, serious reviewers from the Academy of Sciences. Of course, we will send this book to all engineering universities so that they can learn something useful for themselves.”

The discussion was also attended by Rector of the National Research Nuclear University MEPhI Vladimir Shevchenko, Vice-Rector for Science and Digital Development of Bauman Moscow State Technical University Pavel Drogovoz, Acting Rector of Tomsk Polytechnic University Leonid Sukhikh, Director of the Young Professionals Department of the Agency for Strategic Initiatives Alexander Vaino. The session was moderated by Vice-Rector of the National Research University Higher School of Economics Dmitry Zemtsov.

The topic of interaction between universities and businesses was developed at the afternoon session “Cooperation between universities and industries to achieve technological leadership goals,” which was held by Andrey Sharonov, CEO of the National Alliance for Social and Environmental Responsibility, Corporate Governance and Sustainable Development and Chairman of the Supervisory Board of the Association of Digital Platforms.

In order for Russia to achieve technological leadership and move to a modern system of higher education, it is necessary not only to reform the work of universities from within, but also to significantly strengthen their ties with the business community. The session participants discussed which forms of interaction between universities and businesses show the best results in strengthening the country’s technological potential; how partnerships with companies affect the level of professional training of students, the relevance of curricula, and graduates’ chances of finding a job; how to organize the productive participation of business representatives in the development of educational programs, the educational process, and students’ project activities; what role the state should play in the development and dissemination of effective models of interaction between universities and industry, etc.

Deputy Minister of Science and Higher Education of the Russian Federation Dmitry Afanasyev named the principles of strategic reorientation. The first is focusing on state and industry priorities of technological development, the second is building a unique architecture of interaction with partners by universities. It is important to take into account that the work should be carried out for the future, including the creation of those industries and specialties that do not yet exist, but there is an understanding that they will be needed. It is necessary to reboot all key development programs, such as Priority 2030, PIS, Campus, etc. And, finally, this is a new model of higher education, which is being built in an active dialogue with employers, industrial partners and represents a single fundamental, professional and socio-ideological core with a real practice-oriented educational programs and early professionalization, immersion in real projects and tasks, while being flexible, with the ability to adjust educational programs and sets of competencies to the tasks of technological development of industries.

SPbPU Rector Andrey Rudskoy, using the example of the Polytechnic University, showed that effective interaction with partner companies makes it possible to promptly update educational programs, making them as compliant as possible with the requirements of the modern labor market, and also contributes to the faster implementation of innovative developments.

Ensuring technological leadership is a common task, and the university today is an active participant in this large-scale work, Andrey Ivanovich emphasized.

The session was also attended by Olga Dergunova, Senior Vice President — Head of VTB-Education at VTB Bank, Director of the Graduate School of Management at St. Petersburg State University; Dmitry Zauers, Deputy Chairman of the Management Board at Gazprombank; Rostislav Kovalevsky, Director of Innovations at EFKO Management Company; Oleg Krestinin, CEO of METALLOINVEST Management Company; and Kirill Menshov, Senior Vice President, Head of the Technology Block at Sberbank.

In addition to participating in panel discussions, the rector of SPbPU met with business partners at the St. Petersburg stand to conclude cooperation agreements. As the head of the university coordinating the activities of the consortium “Russian-African Network University” (RAFU), Andrey Rudskoy signed an agreement on the accession of the Institute of Africa of the Russian Academy of Sciences to RAFU. The agreement was also signed by the director of the Institute of Africa Irina Abramova.

Currently, the consortium includes more than 90 Russian educational, scientific organizations and companies, and on the African side – 45 universities and organizations from 15 countries. The Institute of Africa’s accession to the consortium is very important, because it is focused specifically on working with African countries, studying their history, culture, and everyday life. I am confident that our new partner will make a significant contribution to a deeper understanding of this continent and the peoples inhabiting it, – commented Andrey Rudskoy.

“It is a great honor for me to become a member of this network university, because Africa is, first and foremost, people. In 2100, 40 percent of the world’s population will live in Africa, which means that a lot will change, and we need to prepare for this now,” added Irina Abramova. “The most important thing is, what will the people who make up 40 percent of the population be like? First of all, they must be educated, they must be self-sufficient, but at the same time, they must preserve their culture and traditions. And it is precisely the preparation of such friendly elites who protect national interests and look to the future that the network university is engaged in.”

At the St. Petersburg International Economic Forum, Andrey Rudskoy represents not only the Polytechnic University, but also the St. Petersburg Branch of the Russian Academy of Sciences, which he has headed since 2023. As Chairman of the St. Petersburg Branch of the Russian Academy of Sciences, he signed several cooperation agreements.

The subject of the agreement with the Archival Committee of St. Petersburg was the establishment of partnership relations and the development of long-term and effective cooperation, which includes educational activities and the holding of popular science events.

Andrey Rudskoy and the Chairman of the Archive Committee of St. Petersburg Pyotr Tishchenko agreed that the goal of cooperation would be to unite the efforts of the scientific and educational community to improve the scientific, educational and cultural level of the population of the Russian Federation; dissemination of knowledge about the history of Russia and its achievements, milestones in the development of the Russian Academy of Sciences; objective coverage of historical facts and events; development of scientific, educational and educational projects; holding joint cultural and educational events; popularization of domestic science; assistance in increasing the prestige of scientific activity, etc.

After the signing ceremony, Andrey Rudskoy shared a secret: We are currently deciding on the creation of a museum of the history of the Russian Academy of Sciences on 5 University Embankment. And without the Central Archive, it will be difficult for us, because it contains a huge mass of documents that reflect the history of the Russian Academy of Sciences: personal files, letters of outstanding people, academics, travelers. I hope that we will creatively bring this project to life together.

Pyotr Tishchenko said that on June 9, thanks to the help of scientists from the Institute of History, a decree from the founder of St. Petersburg, Peter the Great, on how to build in the Northern capital was discovered in the Central Archive.

“Without a scientific basis, we will not be able to extract more benefit from the treasure that archives store,” the head of the Archives Committee believes. “But the most difficult thing is to capture our history in a world where digital has become a part of life as reliably as our predecessors preserved the memory of the past. Science should help build archives of the future and teach how to work in them using modern tools, so we are joining forces.”

A cooperation agreement was also concluded between the St. Petersburg Branch of the Russian Academy of Sciences and the St. Petersburg Chamber of Commerce and Industry. The signing was attended by the Chairman of the St. Petersburg Branch of the Russian Academy of Sciences Andrey Rudskoy and the President of the St. Petersburg Chamber of Commerce and Industry Vladimir Katenev.

The agreement provides for the development of a strategic partnership for the joint implementation of scientific, applied and innovative projects; assistance in bringing high-tech solutions developed on the basis of the Russian Academy of Sciences to the market; the formation of a sustainable ecosystem of interaction between science, industry, business support institutions and education; support for the export potential of science-intensive products and competencies; the development of mechanisms for certification, independent assessment and promotion of scientific results; joint training and retraining of specialists taking into account modern industrial requirements and technological trends.

The partners hope that the cooperation will contribute to strengthening the interaction between science and business, developing innovative and technological cooperation, popularizing the results of scientific activity and supporting entrepreneurship.

“The Chamber of Commerce and Industry unites all the leading enterprises of St. Petersburg, it is at the forefront of all projects that are being implemented in the industry and economy of our city,” Andrey Rudskoy noted after the signing. “And, of course, this is of utmost importance to us, because I am sure that our science in symbiosis with enterprises, in addition to the fundamental, has great practical significance. Most importantly, we are faced with a colossal task – to achieve technological leadership, and here we must jointly make every effort.”

“Maybe I’ll say it pragmatically, but our task is to monetize the achievements that exist in our big science, so that it doesn’t turn out like in the story of Lefty, who shoed a flea, and that’s where the business ended,” Vladimir Katenyov supported. “We must bring the achievements of science to the people, to our industry, we really value this cooperation and will work with great pleasure.”

The work at the stand ended with the signing of a trilateral cooperation agreement between the St. Petersburg branch of the Russian Academy of Sciences, OOO Expert Analytics Center and Vedomosti Newspaper in the Northwestern Federal District.

The documents were signed by the Chairman of the St. Petersburg Branch of the Russian Academy of Sciences Andrey Rudskoy, the General Director of the Expert Analytics Center Kristina Muravyova and the Director of the Vedomosti Newspaper in the Northwestern Federal District Alexander Shchelkanov.

The ceremony participants confirmed their desire to improve the quality and depth of scientific and analytical research, expand areas and directions of cooperation, create intra-Russian scientific collaborations, and support joint projects, competitions, and awards.

“For us, the analysis of the activities of academic institutes is very important, this will allow them to find partners from among enterprises, on the basis of which they could realize their interests,” commented Andrey Rudskoy. “The second point is that we are interested in international activities. Here we must be careful, but, on the other hand, expand contacts between organizations. And the third, of course, is the popularization of science.”

“The TechUspekh award is already successfully operating at the federal level, and we would like to hold it in the regions as well,” Aleksandr Shchelkanov supported. “Our format is to popularize technologies, investments, what is interesting to the business audience, but we need to strengthen expertise. That is why we have had the Opinion Leader award for two years now, and I think that an entire nomination will be dedicated to science, and it will be possible to compete in a fair and competitive struggle, because both readers and the expert community vote.”

“In addition to information support, we will be directly involved in scientific and analytical work,” Kristina Muravyova revealed the details of the cooperation. “Working with RAS academicians gives us the opportunity to apply real research in big science in practice and show businesses that innovations can be quickly applied and it is not necessary to wedge in only at the stage when you can make a profit from it, but sometimes it is profitable to stand at the origins of fundamental research in order to be ahead of the rest of the world. And given that technological progress is now moving at a rapid pace, we hope that the combination of academicians’ expertise in fundamental science and experts with deep industry knowledge will allow the academy to participate, among other things, in monitoring the formation of routing maps for project implementation at all stages, including investment and commissioning. In order to understand whether it is worth launching a project or not, such an expert association, in our opinion, will be as comfortable as possible for both business and the state. And here the academy takes on the main role in order to be a guarantor of security.”

Read about other events of SPIEF-2025 in our next publications.

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 21, 2025
MIL-OSI: Unity Bank Expands Branch Network with Opening of New Location in Madison, New Jersey

Source: GlobeNewswire (MIL-OSI)

MADISON, N.J., June 20, 2025 (GLOBE NEWSWIRE) — Unity Bank proudly announces the opening of its newest branch at 269 Main St, Madison, NJ. This expansion strengthens Unity Bancorp, Inc’s. (NASDAQ: UNTY) presence in the community, bringing the total number of branches to 22 and expanding its retail banking footprint across New Jersey and Pennsylvania.

The 2,000-square-foot branch facility features onsite parking, drive-up banking, and a full-service ATM, all designed to provide customers with a seamless and convenient banking experience. Unity Bank is in the process of updating the location, which previously operated under another bank, to meet its high standards for a welcoming and customer-friendly environment.

Linda Kemper, Vice President/Area Manager, leads the new branch sales team. With extensive experience in community banking, Kemper brings a strong dedication to service that reflects Unity Bank’s mission to prioritize customer success.

This expansion continues Unity Bank’s growth trajectory, supported by the performance of its branches across Bergen, Hunterdon, Middlesex, Morris, Ocean, Somerset, Union, and Warren counties in New Jersey, as well as Northampton County in Pennsylvania. Unity Bank most recently opened a new branch in Parsippany, New Jersey.

Unity Bank now manages approximately $2.6 billion in total assets and holds $2.0 billion in deposits, demonstrating its commitment to providing exceptional financial services tailored to the needs of retail, corporate, and small business customers.

About Unity Bancorp, Inc.

Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, a financial services organization based in Clinton, New Jersey. Unity Bank operates 22 branches across New Jersey and the Lehigh Valley, Pennsylvania, offering community-focused commercial banking services, including deposit accounts, loans, and digital services. For details, visit unitybank.com or call 800-618-BANK (800-618-2265). Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance, visit FDIC.gov.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c3629fbc-30ec-4022-8af5-485036382e0c

The MIL Network –

June 21, 2025

MIL-OSI Economics: RBI imposes monetary penalty on Fino Payments Bank Limited

Source: Reserve Bank of India

The Reserve Bank of India (RBI) has, by an order dated June 06, 2025, imposed a monetary penalty of ₹29.60 lakh (Rupees Twenty Nine Lakh Sixty Thousand only) on Fino Payments Bank Limited (the bank) for non-compliance with certain directions issued by RBI on ‘Licensing of Payments Banks’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.

The Statutory Inspection for Supervisory Evaluation (ISE 2024) of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions.

After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found that the following charge against the bank was sustained, warranting imposition of monetary penalty:

The bank breached the regulatory ceiling of end of the day balance, as applicable for a payments bank, in certain accounts on several occasions.

The action is based on the deficiencies in the regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

(Puneet Pancholy)
Chief General Manager

Press Release: 2025-2026/574

MIL OSI Economics –

June 21, 2025

MIL-OSI Banking: All-India House Price Index (HPI) for Q4:2024-25

Source: Reserve Bank of India

Today, the Reserve Bank released its quarterly house price index (HPI)¹ (base: 2010-11=100) for Q4:2024-25, based on transaction-level data received from the registration authorities in ten major cities². Time series data on all-India and city-wise HPIs are available at the Bank’s database on Indian economy (DBIE) portal (https://data.rbi.org.in/DBIE/#/dbie/home> Statistics > Real Sector > Prices & Wages).

Highlights:

All-India HPI increased by 3.1 per cent (y-o-y) in Q4:2024-25 as compared with 3.1 per cent growth in the previous quarter and 4.1 per cent growth a year ago; annual HPI growth varied widely across the cities – ranging from a high growth of 8.8 per cent (Kolkata) to a contraction of 2.3 per cent (Kochi).
On a sequential (q-o-q) basis, all-India HPI increased by 0.9 per cent in Q4:2024-25; Bengaluru, Jaipur, Kolkata and Chennai are the major cities recording a sequential rise in house prices during the latest quarter.

Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2025-2026/573

MIL OSI Global Banks –

June 21, 2025

MIL-OSI Banking: Nominate Next-Gen Scientists Driving AI and Biotech Innovation Singapore | 20 June 2025 APEC Policy Partnership on Science, Technology and Innovation APEC Policy Partnership on Science, Technology and Innovation

Source: APEC – Asia Pacific Economic Cooperation

The search is underway for outstanding young scientists whose cross-border research in artificial intelligence (AI) and biotechnology is addressing some of the Asia-Pacific’s most pressing social and environmental challenges.

Nominations are now open for the 2025 APEC Science Prize for Innovation, Research and Education, or ASPIRE, under the theme “Toward AI-Bio Convergence: AI-based Inclusive Biotechnology Solving Social Challenges.” In line with APEC 2025’s focus on digital innovation and inclusive growth, this year’s theme highlights the potential of AI-powered biotechnology to improve health equity, food security, sustainable agriculture and environmental resilience across the region.

“This year’s ASPIRE theme reflects the growing need for policy-relevant science that bridges disciplines and borders,” said Rahima Kandahari, Chair of the APEC Policy Partnership on Science, Technology and Innovation (PPSTI).

“By highlighting the convergence of AI and biotechnology, we aim to draw attention to innovations that can deliver practical, inclusive solutions to complex regional challenges, and also reinforces the importance of scientific cooperation and innovation in advancing shared APEC goals.”

Each APEC economy may nominate one scientist under the age of 40 for the annual prize. Nominees will be evaluated for their excellence in scientific research, evidenced by scholarly publications, and their dedication to cross-economy collaboration, particularly on interdisciplinary projects aligned with the year’s theme.

“Korea places great importance on empowering young researchers to develop innovative solutions to address complex global challenges. That is why we are proud to support this year’s ASPIRE, which recognizes excellence in cross-border, interdisciplinary science,” said Sunghoon Hwang, Director General of the Ministry of Science and ICT of the Republic of Korea.

“AI-bio convergence is a key emerging technology with the potential to transform how economies address longstanding issues such as aging populations, health inequities and sustainable agriculture,” Hwang added.

Now in its 15th year, the prize supports APEC’s broader goals of enhancing science and technology cooperation, strengthening innovation ecosystems, and promoting sustainable and inclusive growth. Past winners have contributed to advancements in fields such as nutrition, renewable energy, nanotechnology, and public health.

Recent awardees include Dr Zheng Liu of Singapore, who won the 2023 ASPIRE for his pioneering work on two-dimensional materials for sustainable energy and advanced electronics; and Dr Jingzheng Ren of Hong Kong, China, who received the 2022 prize for developing new models that balance economic development with environmental sustainability. Both exemplify the power of cross-border scientific collaboration to solve regional and global challenges.

The winner of this year’s prize will receive USD 25,000, with prize funding provided by the Ministry of Science and ICT of the Republic of Korea, and will be recognized during the upcoming meeting in Korea on 13 August 2025.

Nominations must be submitted by 1 July 2025 at 17:30 Singapore time. For eligibility requirements and submission guidelines, please visit the ASPIRE 2025 web page or contact your economy’s PPSTI representative.

For media inquiries, please contact: [email protected]

MIL OSI Global Banks –

June 21, 2025
MIL-OSI Europe: The challenges of vaccine production in Africa

Source: Agenzia Fides – MIL OSI

Thursday, 19 June 2025

World Health Organization (WHO)

by Cosimo GrazianiAbuja (Agenzia Fides) – In recent weeks, a Lassa fever vaccine developed by local researchers in Nigeria has shown initial signs of effectiveness in combating the disease, which recorded 747 new cases and 142 deaths in the African country in the first half of 2025. This was announced by Simeon Agwale, CEO of the Nigerian pharmaceutical company Innovative Biotech. The vaccine was developed under license from the University of Melbourne, and test doses were produced in the United States until the necessary infrastructure is established in Nigeria.For the African giant, the possibility of developing and producing this vaccine locally represents a significant achievement for the country, especially considering that the mortality rate has increased compared to 2024. This progress reflects a positive trend regarding the development of vaccines across the continent.Several African countries are striving to increase domestic vaccine production, a priority that has gained importance since the COVID-19 pandemic. In 2022, the Partnerships for African Vaccine Manufacturing (PAVM) initiative was launched, aiming to produce 60 percent of Africa’s vaccine needs by 2040 (currently just 1 percent).The challenge of vaccine manufacturing is also related to the planning and development phase.According to the Africa Centre for Disease Control and Prevention (CDC), the African Union department that deals with disease prevention and control, in 2024 there were 25 vaccine projects across the continent: 15 in early stages of development, five with production capacity but no transfer capacity, and five with both production and transfer capacity. These figures are positive and are underpinned by the fact that there are at least a dozen active pharmaceutical companies across the continent in countries such as Nigeria, Morocco, Egypt, South Africa, and Algeria. All of these aspects contribute to strengthening the vaccine ecosystem, which has already borne fruit in the past, such as the Ebola vaccine developed after the 2013 outbreak in West Africa.Three major agreements to strengthen vaccine production capacity in Africa were recently announced, one signed in December 2024 and two in February of this year. The first involved the U.S. International Development Finance Corporation, the African Development Bank, and the International Finance Corporation (IFC). It provided $45 million to VaxSen, a subsidiary of the Dakar-based Pasteur Institute in Senegal, a country also very active in vaccine research. The agreement was intended to strengthen production capacity, support the local supply chain, and create a strong vaccine distribution network, as envisioned in the African Union’s 2040 Strategy, of which PAVM is a part. In addition to its impact on healthcare, the agreement should also have an impact on the creation of skilled jobs, as the Pasteur Institute’s facilities are being expanded. The question arises whether this project will also be scaled back or even canceled following the Trump administration’s cuts in international cooperation in recent months.The first of the agreements signed in February concerns a $1.2 billion investment by Gavi-the Vaccine Alliance, a public-private partnership that supports vaccination projects worldwide, particularly for children. According to this agreement, the funds will be used to establish an RNA vaccine production platform in Africa, involving both private African companies such as the Egyptian company EVA Pharma and foreign companies such as the French company DNA Script and the Belgian companies Unizima and Quantoom Biosciences. A second agreement signed in February, however, is a purely African collaboration: Egyptian Biogeneric Pharma and South African Afrigen will expand the development of RNA vaccines to also strengthen continental expertise in manufacturing and application to combat diseases plaguing the continent.These initiatives were listed in the report published by the Coalition for Epidemic Preparedness Innovations (CEPI) in February this year. The Oslo-based foundation pointed out that among the issues that need to be resolved to develop a self-sufficient vaccine industry in Africa are problems with access to finance, production restrictions, tariffs, and customs duties and uncertain demand. The problem of the vaccine market in Africa has a major impact on the decisions of various vaccine companies around the world, also taking into account the fact that Africa’s population, especially its young population, will continue to grow strongly in the coming years. (Agenzia Fides, 19/6/2025)
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MIL OSI Europe News –

June 21, 2025
MIL-OSI Russia: Who will perform on stage at Scarlet Sails 2025?

Translation. Region: Russian Federal

The main theme of the concert numbers on Palace Square will be the victory of good over evil. An important milestone in Russian history will also be reflected – the 80th anniversary of the Great Victory.

Lidiya Butuzova, general producer of the concert part of the “Scarlet Sails-2025” graduates’ celebration on Palace Square:

– In the concert part of “Scarlet Sails”, together with the artists and graduates, we will discuss what helps us all win, what qualities are necessary for this, what is needed to move forward and achieve success. Of course, we will remember the great victories of our ancestors.

The concert of the main celebration of graduates will include several blocks, each of which will embody the qualities that help to win.

The 5UTRA group will talk about hope. It is this that helps to overcome difficulties and believe in the best. The video sequence on the screens, made in pastel colors, will create an atmosphere of lightness and emphasize the moment of expectation of happiness. For the first time in the history of the graduates’ holiday, the artists of the theater on the water will appear on stage. Together with the ballet “Todes”, they will complement the first performance.

Singer and musician Akmal’ will be responsible for love. The performer, dancers and other artists on stage will turn into a single mechanism, the clear and precise movements of which symbolize order and harmony.

The most anticipated artist of the evening is Nadezhda Kadysheva. In the “Power of Unity” block, she will perform popular hits “Shiroka Reka”, “I’m Not a Witch”, “Techet Ruchey”, “Vinovataya Lie Ya”, “Plyvet Venochek”. These compositions are filled with deep meanings, conveying a feeling of love for the homeland, loyalty to traditions and the strength of the Russian people. The graphics on the screens will show picturesque landscapes of Russian expanses and native birches, magical images of fairy-tale characters familiar to everyone from childhood.

Vadim Samoilov/Agatha Christie will talk about wisdom and cunning, and the rock and pop group The Hatters will talk about courage. The group’s lead singer will experience the state of weightlessness. The “Will and Spirit” block is assigned to the singer Bearwolf. A musical medley, a theatrical performance and the appearance on stage of the brightest and most large-scale decoration of the evening will show the victory of light and goodness over darkness and chaos.

“Ivanushki International” will present “Joy and Jubilation”. Honored Artist of Russia Zara will conduct a history lesson and remind about the exploits of our ancestors and heroes of our time. Those who defended their country, glorified and inspired subsequent generations.

Lidiya Butuzova, general producer of the concert part of the “Scarlet Sails-2025” graduation celebration on Palace Square:

– “Scarlet Sails” is a project that in itself inspires new achievements. The project is about dreams and the fulfillment of desires. The main thing is to believe in it and charge yourself with the wonderful energy of love, kindness and happiness that comes from it.

A separate issue will be dedicated to the most tragic page in the history of the city on the Neva – the siege of Leningrad. It will be a kind of epilogue and summing up. This is a block about people who survived the siege and stood firm in the Great Patriotic War. And all of them, of course, possessed those qualities – fortitude, faith, hope, will, wisdom, love – that helped them win. The stage will turn into a window sealed with tape during the bombing, and the chronicles of those terrible days will come to life on white canvases. Musician and composer Nikola Melnikov and the orchestra will perform Shostakovich’s Symphony No. 7.

The hosts of the main graduates’ concert will be Mitya Khrustalev and Daria Blokhina.

The concert on Dvortsovaya will begin at 22:00 Moscow time and will last 2 hours and 40 minutes. At 00:40, a water-pyrotechnic show will unfold in the waters of the Neva with the participation of the main symbol of the holiday – the snow-white brig “Russia” under scarlet sails.

The Scarlet Sails festival was revived in 2005 after a long hiatus on the initiative of Joint-Stock Bank ROSSIYA, the Government of St. Petersburg and Channel Five.

The material was prepared by the press service of Channel Five.

MIL OSI Russia News –

June 20, 2025
MIL-OSI Africa: Senegal and Kenya Top African Development Bank’s Electricity Regulatory Index, as Regulators Drive Tangible Reforms
Source: Africa Press Organisation – English (2) – Report:

Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI) (www.AfDB.org), demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today at the Africa Energy Forum in Cape Town, evaluates regulatory frameworks across 43 African countries.

Uganda, Liberia and Niger round out the top five performers, with Niger registering one of the biggest gains, underlining the strong impact of sustained reforms and political commitment to power sector development.

The ERI evaluates three dimensions—Regulatory Governance, Regulatory Substance, and Regulatory Outcomes (ROI). Notably, the ROI, which tracks service delivery and utility performance, recorded the most substantial improvement across the continent.

Key findings from the 2024 ERI:
- Kenya and Senegal led with a score of 0.892, reflecting standout progress in tariff reform, regulatory outcomes, and utility performance.
- A remarkable 41 out of 43 participating countries achieved RGI scores above 0.5, representing a significant increase from 24 countries in 2022.
- Countries scoring below 0.500 reduced significantly from 19 in 2022 to just 6 in 2024.
- Even the lowest-performing country tripled its score—from about 0.10 to 0.33.
- The ROI surged from roughly 0.40 in 2022 to 0.62 in 2024, showing that reforms are delivering tangible service improvements on the ground.
Now in its seventh edition, the ERI shows strong momentum toward more effective, transparent, and impactful regulation, with real-world results beginning to emerge.

“The 2024 ERI shows that Africa’s regulators are stepping up. We are now seeing stronger institutions delivering real results for utilities and consumers. This shift is critical if we are to achieve Mission 300 and connect 300 million people to electricity by 2030,” says Dr. Kevin Kariuki, AfDB Vice President for Power, Energy, Climate and Green Growth.

For the first time, the 2024 ERI also assessed regional regulatory bodies, recognizing their growing role in harmonizing technical standards and enabling cross-border electricity trade.

As the backbone of Mission 300, ERI continues to inform the design and implementation of national energy compacts—currently active in 12 countries, with another 20 in development.

Bridging the Gap – Addressing Ongoing Challenges

While celebrating regulatory progress, the report calls for greater focus on regulatory independence, the financial viability of utilities, and the integration of off-grid and mini-grid systems into national frameworks. The ERI underscores that regulation must translate into better access, affordability, and reliability, especially for underserved rural populations.

The report outlines priority areas for enhancing regulatory effectiveness:
- Strengthening regulatory independence
- Enhancing accountability mechanisms
- Promoting transparency and predictability
- Improving stakeholder participation
- Deepening economic regulation and advancing cost-reflective tariff methodologies.
“The ERI 2024 tells a hopeful story. African countries are not just passing laws—they are implementing them. Regulators are transforming from administrative bodies into strategic institutions with measurable influence. However, challenges related to independence, financing, and enforcement persist,” said Wale Shonibare, Director for Energy Financial Solutions, Policy and Regulation at the Bank Group.

Launched in 2018, the ERI is a diagnostic and policy tool used by governments, regulators, and development partners to identify gaps, track progress, and prioritize reform efforts. The 2024 edition incorporates extensive feedback from utilities, regulators, and regional energy bodies.

The full ERI 2024 report will be available here (https://apo-opa.co/4kPeDmZ).

– on behalf of African Development Bank Group (AfDB).

Media Contact:
Gertrude Kitongo
Communication and External Relations Department

Technical Contact:
Callixte Kambanda
Manager, Energy Policy, Regulations, and Statistics
email: c.kambanda@afdb.org

About the African Development Bank Group:
The African Development Bank Group (AfDB) is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 44 African countries with an external office in Japan, the AfDB contributes to the economic development and the social progress of its 54 regional member states.

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MIL OSI Africa –
June 20, 2025
Four crore people in Bihar have overcome poverty in a decade, says PM Modi in Siwan

Source: Government of India

Source: Government of India (4)

Nearly four crore people in Bihar have overcome poverty in the past decade, Prime Minister Narendra Modi said on Friday, highlighting his government’s sustained efforts to uplift the poor and dismantle the legacy of deprivation left by previous regimes.

Addressing a large public gathering in Siwan district, where he inaugurated and laid the foundation stone for development projects worth over ₹5,200 crore, the Prime Minister said his government had delivered tangible results where previous governments had offered only slogans.

“For decades, the country heard only slogans about poverty eradication,” PM Modi said. “But in the past ten years, a record 25 crore Indians have come out of poverty. Institutions like the World Bank have also acknowledged this achievement.”

He noted that Bihar, particularly under the leadership of Chief Minister Nitish Kumar, has played a pivotal role in this national transformation. “More than half of Bihar’s population once lived in extreme poverty,” he said. “But in the last ten years alone, nearly four crore people in the state have moved out of poverty. This is a remarkable turnaround.”

PM Modi noted that for decades after independence, it wasn’t a lack of effort that held the poor back, but the absence of opportunities to move ahead. He said that even basic services were entangled in bureaucratic hurdles, turning routine tasks into major challenges. “People had to approach MPs just to get a gas connection, and bribes or personal contacts were often the only way to secure employment,” he said. He added that these conditions impacted Dalits, Mahadalits, and backward communities the most.

He accused previous governments of turning the dreams of the poor into an opportunity for a select few families to accumulate wealth. “They sold dreams of poverty eradication, but only a handful became millionaires and billionaires,” he remarked.

The Prime Minister said that in the last 11 years, the government has worked tirelessly to remove every hurdle from the path of the poor. “As a result, visible and impactful outcomes are now before the nation,” he said. Over four crore poor families across India have been provided with pucca houses under government schemes, he added, with another three crore houses planned. In Bihar alone, more than 57 lakh houses have been constructed under the Pradhan Mantri Awas Yojana, including over 1.10 lakh homes in Siwan district.

He also noted that housing installments were disbursed for over 50,000 families in Bihar today. “What makes me proud is that a majority of these homes are registered in the names of women. Women who never had any property in their names are today becoming proud homeowners,” he said.

PM Modi said that the Centre was not only providing housing, but also ensuring food, electricity, and water for every household. “More than 12 crore new households in the country have been connected with tap water. In Siwan alone, over 4.5 lakh families received water connections for the first time,” he said. He added that efforts were underway to ensure every rural household has access to clean drinking water and that urban infrastructure is being upgraded through the approval of new pipeline and sewage treatment projects across multiple cities in Bihar.

Taking aim at previous administrations, the Prime Minister said their record on development was dismal. “Whenever these parties speak of development, people are reminded of shuttered shops, stalled businesses, and collapsed industries,” he said, accusing them of promoting a climate of lawlessness, corruption, and mafia control. “They have always been anti-Bihar and anti-investment. That is why they have never been able to win the trust of Bihar’s youth,” he remarked.

The Prime Minister said that all the developmental efforts currently underway are driven by a vision to create a better life for the poor, the backward, and the middle class. “These projects are not just infrastructure initiatives. They are steps towards restoring dignity, ensuring justice, and securing the future for generations to come,” PM Modi added.

June 20, 2025
MIL-OSI Banking: WTO members examine LDC trade interests, trade and development priorities

Source: WTO

Headline: WTO members examine LDC trade interests, trade and development priorities

LDC trade interests
At the meeting of the WTO Sub-Committee on LDCs on 16 June, members considered   several LDC related proposals, including those on LDC graduation, LDC accessions and the future of the Enhanced Integrated Framework (EIF). They exchanged views on the latest proposal on LDC graduation, which focuses on three areas: subsidies, trade-related aspects of intellectual property rights and agriculture. A communication on strengthening the implementation of the LDC accession guidelines was submitted by India and Djibouti on behalf of the LDC Group.
Members exchanged views on the future of the EIF, an Aid for Trade programme aimed at enhancing LDC integration into global trade, which was implemented in two phases (2008 to 2015 and 2016 to 2022). Delegations considered the report of the EIF Task Force that included a set of proposed recommendations for a third phase covering the period from 2025 to 2031.
An experience-sharing session in the Sub-Committee on LDCs explored new pathways for LDC trade growth. United Nations Trade and Development (UNCTAD) presented its 2024 report “Leveraging carbon markets for development”. Capital-based officials from Bangladesh and The Gambia shared insights on accessing green investment and leveraging trade-related climate finance for strengthening the competitiveness and resilience of key export sectors, including textiles and agriculture. The European Union and the LDC Fund for the Global Environmental Facility shared examples of support offered to LDCs with a view to achieving sustainable development and transitioning to net zero for greenhouse gas emissions.
Aid for Trade
At the Aid for Trade session of the Committee on Trade and Development on 17 June, members continued sharing experiences on trade policy and regulatory support. Capital-based officials from Canada, China, Japan and Lao PDR participated in the discussion.
Members welcomed Canada’s Expert Deployment Mechanism for Trade and Development, implemented by Cowater International, which supports developing economies in defining negotiating positions and implementing trade agreements. Representatives from the Japan International Cooperation Agency (JICA) highlighted Japan’s “co-creation” approach, which involves collaboration with the private sector, civil society and other donors. It was also noted that the 9th Tokyo International Conference on African Development (TICAD 9) would be held in August 2025 in Yokohama, Japan, under the theme “Co-create innovative solutions with Africa”.
China and Lao PDR shared   South-South cooperation initiatives, including efforts to improve quarantine capacity and trade readiness. Investments in railway infrastructure between the two countries were also acknowledged. UNCTAD’s efforts in measuring South-South flows were highlighted.
Members reviewed a communication from Australia and Barbados proposing a draft ministerial decision titled “Reinforcing members’ commitment to Aid for Trade”. The proposal, set against the backdrop of declining official development assistance, calls for stronger monitoring and evaluation mechanisms and the establishment of a digital platform on existing trade-related technical assistance and capacity building programmes.
During the experience-sharing session, key trends and challenges in global value chain (GVC) integration for developing economies were explored. The Organisation for Economic Co-operation and Development (OECD) noted that global trade remains resilient, though uncertainty remains. Professor Juan Carlos Hallak, University of Buenos Aires, emphasized the importance of public-private sectoral roundtables in Latin America. He recommended a bottom-up approach that begins with trade facilitation and regulatory reforms before tackling more complex issues such as investment and technology.
The Lowy Institute, Australia, highlighted Southeast Asia’s trade openness and manufacturing diversification, while stressing the need to boost services productivity and ease regulatory barriers. PrimeSilicon Technology showcased Bangladesh’s experience in supplying digitally delivered services in the semiconductor value chain. The B20, represented by Ms. Trudi Makhaya, outlined three policy priorities: restoring trust in multilateral trade, advancing African integration through the implementation of the African Continental Free Trade Area (AfCFTA), and promoting a climate-responsive trading system.
Revitalizing trade and development work
At the Committee on Trade and Development meeting on 18 June, the Secretariat presented a note on the implementation of the special and differential treatment provisions in the Agreement on Agriculture and the TRIPS Agreement. Members appreciated the Secretariat’s efforts in analysing special and differential treatment provisions. Members also explored how to revitalize trade and development deliberations. Follow-up to the WTO Development Retreat was also discussed.
Members   reviewed a communication from China titled “ Heightened Trade Turbulence and Responses from the WTO”. Other topics included the development aspects of the work programme on electronic commerce and duty-free, quota-free market access for LDCs. The Chair of the Committee on Trade and Development, Ambassador Mzukisi Qobo of South Africa, will consult members on a request by the co-convenors of the Investment Facilitation for Development Agreement to discuss progress made on the needs assessments under the WTO Committee on Trade and Development.
Technical assistance
The Secretariat presented the 2024 WTO Technical Assistance Report, highlighting four key results related to i) implementing WTO agreements; ii) accompanying new accessions; iii) advancing academic research; and iv) reaching out to various stakeholders. It was noted that in 2024 the Secretariat expanded its curriculum to include technical assistance activities on transparency in customs valuation and import licensing. As a result, 35 draft customs valuation notifications were received, with 22 circulated. The Secretariat also acknowledged technical assistance support to facilitate the WTO accessions of Comoros and Timor-Leste.
On academic research, the WTO Chairs Programme saw a 13 per cent increase in WTO-related courses and a 16 per cent increase in trade-related research. Five new universities joined the programme in 2024. However, due to budget constraints, the full potential of outreach activities to various stakeholders is yet to be fully explored.
Members exchanged views on preparations for the next biennial WTO Technical Assistance and Training plan (2026 – 2027). The Secretariat provided an update on its ongoing work, including insights from beneficiaries. The Secretariat also highlighted that in view of limited resources, evolving approaches in the delivery of technical assistance and various funding scenarios were being considered going forward. Members welcomed the Secretariat’s efforts and expressed willingness to engage further in developing the WTO technical assistance plan.
The next WTO Development Week is scheduled to take place from 17 to 19 November 2025.

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MIL OSI Global Banks –

June 20, 2025
MIL-OSI Banking: Thales supports airspace sovereignty in Albania with Ground Master 400 Alpha surveillance radar

Source: Thales Group

Headline: Thales supports airspace sovereignty in Albania with Ground Master 400 Alpha surveillance radar

In the presence of the French Minister of the Armed Forces, Sébastien Lecornu, and Albanian Defence Minister Pirro Vengu, Thales was selected as strategic industrial partner to support a short-delivery-time request to supply a combat-proven Ground Master 400 Alpha (GM400α) air surveillance radar.

MIL OSI Global Banks –

June 20, 2025

Bank of Montreal	Canadian Imperial Bank of Commerce	Royal Bank of Canada
The Bank of Nova Scotia	National Bank of Canada	The Toronto-Dominion Bank

Category: Banking

IMF Communications Department

MEDIA RELATIONS

Time for reform?