Hong Kong – HKMA participates in BIS Renminbi Liquidity Arrangement

HKMA participates in BIS Renminbi Liquidity Arrangement

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The following is issued on behalf of the Hong Kong Monetary Authority:



     The Bank for International Settlements (BIS) announced today (June 25) (Note 1) the Renminbi Liquidity Arrangement (RMBLA), which has been developed with the People’s Bank of China (PBoC), to provide liquidity to central banks through a new reserve pooling scheme.

      

     The Hong Kong Monetary Authority (HKMA) is pleased to join the initial group of central banks in Asia and the Pacific participating in the arrangement (Note 2), which will complement existing BIS liquidity facilities in providing additional liquidity access to participating central banks in times of market volatility, hence contributing to financial stability.



About the BIS



     The BIS, founded in 1930, is an international financial organisation with a membership of 63 shareholding central banks. Its mission is to serve central banks in their pursuit of monetary and financial stability, to foster international cooperation in those areas and to act as a bank for central banks. The BIS has set up its Asian Office in Hong Kong in July 1998 and an Innovation Hub in Hong Kong in 2019.



(Note 1) For further details on RMBLA, please refer to BIS’ press release.



(Note 2) The arrangement initially includes a group of central banks in Asia and the Pacific, including the Bank Indonesia, the Bank Negara Malaysia, the HKMA, the Monetary Authority of Singapore and the Banco Central de Chile, as well as the PBoC.

PM participates in the 14th BRICS Summit


Prime Minister Shri Narendra Modi led India’s participation at the 14thBRICS Summit, convened under the Chairship of President Xi Jinping of China on 23-24June 2022, in a virtual format. President Jair Bolsonaro of Brazil, President Vladimir Putin of Russia, and President Cyril Ramaphosa of South Africa also participated in the Summiton 23 June.The High-level Dialogue on Global Development, non-BRICS engagement segment of the Summit, was held on 24 June.


On 23 June, the leaders held discussions including in fields of Counter-Terrorism, Trade, Health, Traditional Medicine, Environment, Science, Technology & Innovation, Agriculture, Technical and Vocational Education & Training, and also key issues in the global context, including the reform of the multilateral system, COVID-19 pandemic, global economic recovery, amongst others. Prime Ministercalled for strengthening of the BRICS Identity and proposed establishment of Online Database for BRICS documents, BRICS Railways Research Network, and strengthening cooperation between MSMEs. India will be organizing BRICS Startup event this year to strengthen connection between Startups in BRICS countries.Prime Minister also noted that as BRICS members we should understand security concerns of each other and provide mutual support in designation of terrorists and this sensitive issue should not be politicized. At the conclusion of the Summit, BRICS Leaders adopted the ‘Beijing Declaration’.


On 24 June, Prime Minister highlighted India’s development partnership with Africa, Central Asia, Southeast Asia, and from Pacific to Caribbean; India’s focus on a free, open, inclusive, and rules-based maritime space; respect for sovereignty and territorial integrity of all nations from the Indian Ocean Region to Pacific Ocean; and reform of multilateral system as large parts of Asia and all of Africa and Latin America have no voice in global decision-making. Prime Minister noted the importance of circular economy and invited citizens of participating countries to join Lifestyle for Environment (LIFE) campaign. The participatingguest countries were Algeria, Argentina, Cambodia, Egypt, Ethiopia, Fiji, Indonesia, Iran, Kazakhstan,Malaysia, Senegal, Thailandand Uzbekistan.


Earlier, in the keynote speech delivered at the Opening Ceremony of BRICS Business Forum on 22 June, Prime Minister appreciated BRICS Business Council and BRICS Women Business Alliance which continued their work despite COVID-19 Pandemic. Prime Minister also suggested the BRICS business community to further cooperate in field of technology-based solutions for social and economic challenges, Startups, and MSMEs.


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PM participates in Dwishatabdi Mahotsav of Mumbai Samachar – a newspaper which has been published continuously for 200 years


Prime Minister Shri Narendra Modi participated in Dwishatabdi Mahotsav of Mumbai Samachar in Mumbai today. He also released a postal stamp to commemorate the occasion.


The Prime Minister wished all the readers, journalists and staff of Mumbai Samachar on the 200th anniversary of this historic newspaper. He lauded the fact that in these two centuries, the lives of many generations, and their concerns have been given voice by Mumbai Samachar. The Prime Minister remarked that Mumbai Samachar also gave voice to the freedom movement and then also took 75 years of independent India to readers of all ages. The medium of language was definitely Gujarati, but the concern was national, he said. The Prime Minister mentioned that even Mahatma Gandhi and Sardar Patel used to quote Mumbai Samachar and noted the happy coincidence of this anniversary falling in the 75th year of India’s independence. “Therefore, on this occasion of today, we are not only celebrating the high standards of journalism of India and  journalism related to the concern of patriotism, but this event is also adding to  the Azadi ka Amrit Mahotsav”. The Prime Minister also remembered the glorious contribution of journalism in the freedom struggle and re-establishment of democracy after  the emergency period.


The Prime Minister recalled that when the city became Bombay, under the influence of foreigners, even then Mumbai Samachar did not leave its local connect and connection with its roots. It was a common Mumbaikar’s newspaper even then and it is the same today – Mumbai Samachar. He added that Mumbai Samachar is not just a news medium, but a heritage. Mumbai Samachar is the philosophy and expression of India. He said we get a glimpse of how India has stood firm despite every storm in Mumbai Samachar.


The Prime Minister recalled that when the Mumbai Samachar started, the darkness of slavery was getting deeper. It was not so easy to get a newspaper in an Indian language like Gujarati in that period. Mumbai Samachar expanded linguistic journalism in that era.


The Prime Minister said that India’s history of thousands of years teaches us a lot. Emphasizing the welcoming nature of this land, the Prime Minister mentioned that whoever came here, Maa Bharati gave ample opportunity to all to flourish in her lap. “What can be a better example than the Parsi community?” he asked. He added that from the freedom movement to the Navnirman of India, the contribution of Parsi sisters and brothers is huge. The community is one of the smallest in the country in terms of numbers, a micro-minority in a way, but huge in terms of capacity and service, he added.


The Prime Minister remarked that the work of newspapers and media is to deliver news, and educate the public and if there are some shortcomings in society and government, then it is their responsibility to bring them to the fore. As much as the media has the right to criticize, it also has an equally important responsibility to bring positive news to the fore.


The Prime Minister said the way journalists worked like karmayogis in the interest of the nation during the Corona period in the last two years, will be remembered forever. The positive contribution of India’s media helped India a lot in dealing with this biggest crisis of 100 years. He also lauded the media’s role in promoting initiatives like digital payment and Swachh Bharat Abhiyan.


The Prime Minister said this country is a country of a rich tradition that is carried forward through the medium of debates and discussions. “For thousands of years, we have conducted healthy debate, healthy criticism and right reasoning as a part of the social system. We have open and healthy discussions on very difficult social topics. This has been the practice of India, which we have to strengthen”, he said.


The printing of Mumbai Samachar as a weekly was started on 1st July 1822 by Shri Fardunjee Marzbanji. It, later on, became a daily in 1832. The newspaper has been published continuously for 200 years.



मुंबई समाचार के सभी पाठकों, पत्रकारों और कर्मचारियों को इस ऐतिहासिक समाचार पत्र की दो सौवीं वर्षगांठ पर हार्दिक शुभकामनाएं!

इन दो सदियों में अनेक पीढ़ियों के जीवन को, उनके सरोकारों को मुंबई समाचार ने आवाज़ दी है: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


मुंबई समाचार ने आज़ादी के आंदोलन को भी आवाज़ दी और फिर आज़ाद भारत के 75 वर्षों को भी हर आयु के पाठकों तक पहुंचाया।

भाषा का माध्यम जरूर गुजराती रहा, लेकिन सरोकार राष्ट्रीय था: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


विदेशियों के प्रभाव में जब ये शहर बॉम्बे हुआ, बंबई हुआ, तब भी इस अखबार ने अपना लोकल कनेक्ट नहीं छोड़ा, अपनी जड़ों से जुड़ाव नहीं तोड़ा।

ये तब भी सामान्य मुंबईकर का अखबार था और आज भी वही है- मुंबई समाचार: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


मुंबई समाचार सिर्फ एक समाचार का माध्यम भर नहीं है, बल्कि एक धरोहर है।

मुंबई समाचार भारत का दर्शन है, भारत की अभिव्यक्ति है।

भारत कैसे हर झंझावात के बावजूद, अटल रहा है, उसकी झलक हमें मुंबई समाचार में भी मिलती है: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


मुंबई समाचार जब शुरु हुआ था तब गुलामी का अंधेरा घना हो रहा था।

ऐसे कालखंड में गुजराती जैसी भारतीय भाषा में अखबार निकालना इतना आसान नहीं था।

मुंबई समाचार ने उस दौर में भाषाई पत्रकारिता को विस्तार दिया: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


भारत का हज़ारों वर्षों का इतिहास हमें बहुत कुछ सिखाता है।

यहां जो भी आया, छोटा हो या बड़ा, कमज़ोर हो या बलवान, सभी को मां भारती ने अपनी गोद में फलने-फूलने का भरपूर अवसर दिया।

पारसी समुदाय से बेहतर इसका उदाहरण क्या हो सकता है: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


आज़ादी के आंदोलन से लेकर भारत के नवनिर्माण तक पारसी बहन-भाईयों का योगदान बहुत बड़ा है।

संख्या से हिसाब से समुदाय देश के सबसे छोटे समुदायों में से है, एक तरह से माइक्रो-माइनॉरिटी है, लेकिन सामर्थ्य और सेवा के हिसाब से बहुत बड़ा है: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


समाचार पत्रों का, मीडिया का काम समाचार पहुंचाना है, लोक शिक्षा का है, समाज और सरकार में कुछ कमियां हैं तो उनको सामने लाने का है।

मीडिया का जितना अधिकार आलोचना का है, उतना ही बड़ा दायित्व सकारात्मक खबरों को सामने लाने का भी है: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


बीते 2 वर्षों में कोरोना काल के दौरान जिस प्रकार हमारे पत्रकार साथियों ने राष्ट्रहित में एक कर्मयोगी की तरह काम किया, उसको भी हमेशा याद किया जाएगा।

भारत के मीडिया के सकारात्मक योगदान से भारत को 100 साल के इस सबसे बड़े संकट से निपटने में बहुत मदद मिली: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


ये देश डिबेट और डिस्कशन्स के माध्यमों से आगे बढ़ने वाली समृद्ध परिपाटी का देश है।

हज़ारों वर्षों से हमने स्वस्थ बहस को, स्वस्थ आलोचना को, सही तर्क को सामाजिक व्यवस्था का हिस्सा बनाया है: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022


हमने बहुत कठिन सामाजिक विषयों पर भी खुलकर स्वस्थ चर्चा की है।

यही भारत की परिपाटी रही है, जिसको हमें सशक्त करना है: PM @narendramodi

— PMO India (@PMOIndia) June 14, 2022




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PM participates in virtual summit of Quad leaders


Prime Minister participated today at a virtual summit of Quad leaders, along with US President Joe Biden, Australian Prime Minister Scott Morrison and Japanese Prime Minister Fumio Kishida.


The meeting reviewed the progress on Quad initiatives since the September 2021 Quad Summit. The leaders agreed on accelerating cooperation, with an objective to achieve concrete outcomes by the summit in Japan later this year.


Prime Minister underlined that the Quad must remain focused on its core objective of promoting peace, stability and prosperity in the Indo-Pacific region. He called for concrete and practical forms of cooperation within the Quad, in areas like Humanitarian and Disaster Relief, debt sustainability, supply chains, clean energy, connectivity, and capacity-building.  


Developments in Ukraine were discussed in the meeting, including its humanitarian implications.  The Prime Minister emphasised the need to return to a path of dialogue and diplomacy. 


The leaders also discussed other topical issues, including  the situation in Southeast Asia, the Indian Ocean region and the Pacific Islands.  Prime Minister reiterated the importance of adhering to the UN Charter, international law and respect for sovereignty and territorial integrity.


The leaders agreed to stay in touch and to work towards an ambitious agenda for the forthcoming Leaders’ Summit in Japan.


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Canada – Canada participates in second Global Disability Summit 

Today, the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, participated in the 2022 Global Disability Summit, during which the Minister highlighted past commitments Canada made on disability inclusion in international assistance.

February 17, 2022 – Ottawa, Ontario – Global Affairs Canada

At home and abroad, Canada is committed to increasing the meaningful participation of people with disabilities in the design and implementation of programs, policies and initiatives.

Today, the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, participated in the 2022 Global Disability Summit, during which the Minister highlighted past commitments Canada made on disability inclusion in international assistance. These commitments include signing onto the Global Disability Summit Charter for Change, honouring Canada’s G7 $400-million commitment to girls’ education, and hosting the 2019 Global Action on Disability Network Annual General Meeting.

Minister Qualtrough also referred to Canada’s new commitments, which include supporting local disability rights organizations in developing countries and advancing disability inclusion in the paid and unpaid care agenda.

She addressed the Together for Learning Campaign, Canada’s three -year international campaign to promote quality education and lifelong learning for refugees, forcibly displaced, and host-community children and youth. As part of the campaign, Canada will reaffirm its commitment to inclusive education and lifelong learning opportunities for all children and youth around the world during this year’s Together for Learning Summit. 

“Human rights and inclusion for all marginalized groups, including persons with disabilities, are at the heart of Canada’s Feminist International Assistance Policy. A new series of commitments has been put forward by Canada at this year’s Global Disability Summit. In line with my mandate to provide greater assistance to people with disabilities in developing countries, we will focus on strengthening disability inclusive programming and advocacy, together with our partners.”

– Harjit S. Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada

“The inclusion of persons with disabilities in every part of society – at home and around the world – is a priority for Canada. We’re proud to join the Global Disability Summit to participate in an important meeting that puts disability inclusion at the centre. It’s an opportunity for Canada to show leadership in this vital work, and also to learn from others how we can build a barrier-free country and world.” 

– Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion

An estimated 15% of the world’s population (that is, 1 billion people) lives with a disability; this percentage is higher in situations of armed conflict (source: World Report on Disability, World Health Organization and World Bank, 2011).

Children with disabilities are more likely to be denied access to quality education (source: World Report on Disability, World Health Organization and World Bank, 2011).

The meaningful inclusion of persons with disabilities around the world is a priority for Canada and is in line with our efforts under the 2030 Agenda for Sustainable Development.

Canada is committed to supporting the education of the world’s most marginalized, including refugee, other forcibly displaced children and youth, and the communities that host them.

Canada strongly supports the implementation of the Sustainable Development Goals. 

The Together for Learning Summit: Engaging Displaced Youth to Transform Education, which will take place from March 30 to 31, 2022, will be centred on the perspectives of displaced youth and their advice on inclusive and quality education systems. 

Jane Deeks

Director of Communications

Office of the Minister of Employment, Workforce Development and Disability Inclusion

jane.deeks@hrsdc-rhdcc.gc.ca