IMF blog update

 

Dear MARIA, We just published a new blog—please find the full text below.  Weak Global Economy, High Inflation, and Rising Fragmentation Demand Strong G20 Action (Credit: Urbanscape/iStock by Getty Images) By Kristalina Georgieva When the G20 finance ministers and central bank governors meet in Gandhinagar next week, the world will be looking for joint action to address rising economic fragmentation, slowing growth, and high inflation. Agile multilateral support is vital to tackle common challenges posed by debt vulnerabilities, climate change, and limited concessional financing – especially for countries hit by shocks not of their making. Outlook: resilience amid challenges

AGRICULTURE AND RURAL DEVELOPMENT update

 

AGRICULTURE AND RURAL DEVELOPMENT EU agricultural outlook newsletter

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Short-term outlook for EU agricultural markets – summer 2023 Dear Madam, dear Sir, The Directorate-General of Agriculture and Rural Development has published the summer 2023 edition of the short-term EU agricultural outlook. This edition of the report presents the latest changes in overall market fundamentals and their impacts on main EU agricultural markets. It also includes updated balance sheets for all of them.

IMF latest news

 

United Kingdom United Kingdom’s Long-Run Prosperity Hinges on Ambitious Reforms Photo Credit: benedek/Getty Images Signature By the UK team, IMF European Department Although the United Kingdom is expected to avoid a recession this year, the country faces a challenging economic outlook. The energy price shock due to Russia’s war in Ukraine has disrupted the recovery, with growth projected at a modest 0.4 percent in 2023 and 1 percent in 2024. The terms of trade shock, amid historically tight labor markets, has also pushed inflation to record levels.

NATO latest

14 July 2023 Update

Secretary General concludes historic NATO Summit in Vilnius Wrapping up the Summit in Vilnius on 12 July 2023, Secretary General Jens Stoltenberg welcomed that NATO leaders took major decisions to adapt the Alliance for the future. READ MORE

USDA FOREIGN AGRCULTURAL SERVICE update

 

The following GAIN reports were released on July 12,  2023. _______   France: Retail Foods In 2022, the agri-food market in France was strongly impacted by inflation, recorded at 5.3 percent. This price increase has impacted the most modest strata of society and has cut into their ability to buy. Consumers are moving away from big brands to less expensive distributor brands. At the same time, the industry is also adjusting to new environmental regulations that prioritize high value, high quality food that is produced and marketed more sustainably. New packaging laws are phasing out single-use plastics in favor of more recyclable materials. The French retail network is diverse and very sophisticated, offering a wide range of opportunities for U.S. food products provided they conform to French and EU regulations.

Federal Reserve Board Notification,last news

 

2022 Annual Report

Report to Congress on operations of the Board during the year. https://www.federalreserve.gov/publications/annual-report.htm Chair Powell to host town hall with educators https://www.federalreserve.gov/newsevents/pressreleases/other20230714a.htm Released by the Board of Governors of the Federal Reserve System Beige Book   https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm Federal Reserve Board announces termination of enforcement action with Capital One Financial Corporation https://www.federalreserve.gov/newsevents/pressreleases/enforcement20230711a.htm Released by the Board of Governors of the Federal Reserve System The latest G.19 data are now available.   https://www.federalreserve.gov/releases/g19/current/default.htm

Prime Minister Justin Trudeau

 Prime Minister Justin Trudeau speaks with Northwest Territories Premier Caroline Cochrane

July 14, 2023
Ottawa, Ontario

Today, Prime Minister Justin Trudeau spoke with the Premier of the Northwest Territories, Caroline Cochrane.

The two leaders discussed recent wildfires, floods, and air quality in the Northwest Territories. The Prime Minister noted the difficult wildfire season in the territory and underscored the need to work together to keep people safe and address the effects of climate change.

The Prime Minister and the Premier discussed federal support being provided to impacted communities, including the federal government’s funding for wildland-urban firefighting equipment and training in First Nations communities.

The leaders also spoke about other shared priorities such as critical minerals, trade corridors, and health care.

Prime Minister Trudeau and Premier Cochrane agreed to remain in close contact as the wildfire season progresses and to continue working together in other areas of shared interest.

Associated Links

• Wildfires
• The Government of Canada is supporting Canadians through the 2023 wildfire season

Prime Minister announces changes in the senior ranks of the public service

COUNCIL OF THE EU,update

Press material Friday 14 July 2023

● Council of the EU   14/07/2023 18:14 | Statements and remarks | North Korea/DPRK: Statement by the High Representative on behalf of the European Union on the launch of an inter-continental ballistic missile   The EU strongly condemns the Democratic People’s Republic of Korea’s (DPRK) launch of another intercontinental ballistic missile on 12 July for the fourth time this year. The DPRK continues to show its intention to develop the means to deliver weapons of mass destruction. These actions threaten international peace and security. The DPRK must cease all illegal and dangerous actions that violate UN Security Council resolutions and recklessly escalate military tensions in the region. The DPRK must comply immediately with its obligations under UN Security Council resolutions by abandoning all its nuclear weapons, other weapons of mass destruction, ballistic missile programmes and existing nuclear programmes, in a complete, verifiable and irreversible manner and cease all related activities.

After Constantine Journal,reminder

 

(Reminder) Call for Papers & Book Reviews

We invite you to submit your papers or book reviews to our Journal (Issue 4, 2024). Submissions are welcome until September 20, 2023.

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