last year our community development banking grouinvested $7.85 billion across the united states creangandortunity. these funds over 13 thousand for families, seniors veterans formally homeless and those with special needs. lf bank of america is proud to be a public private partnership t tndc, curtis development, mayor office and city d francisco and cal hfa. lll the same people we are thanking today. the mayor office, cal, tndc, kurting development and bank of america teammates, many of whom were able to join me today. thank you all. [applause] >> it sounds we are still waiting for the mayor to luckily, i have been planning to talk to you about very important state measures that we like you to support. [laughter] as we all know, it is ically important to couple both local investment and investment for affordable housing like 921 wa while we have a state representative here, thank you irwin, we want to exare to the state, the legislature for putting prop on the ballot. prop for those who don't know and hopefully learning more up to november be lowering the voter threshold for local bonds f

the mayor office, cal, tndc, kurting development and bank of america teammates, many of whom were ableme today. thank you all. [applause] >> it sounds we are still waiting for ckily, i have rrive d been planning to talk to you about very important state and local measures that we like you to support. [laughter] as we all know, it is crit important to couple both local investment and state tmt for affordable housing like 921 howawe ve a state representative here, thank you irwin, we want to express how gratfuarto the state, the legislature for putting prop 5 on the ballot. prop 5 for those who don't know and hopefully learning more up to november 5 be lowering the voter threshold for local bonds for things lida infrastructure like schools, parks, open ac health libraries and public transit. the state has been doing its part to e much easier for localities to raise funds to support affordable housing so please do your part and for prop 5 on november 5. this along with state enabling legislation that allowed for the thorities like the bay area housing finance agency, which serves the 9 co

this includes sharmain curti from curtis development [applause] the mayor office. swinerten construction. bank of america. [applause] techs. l a and many others. [applause] traditionally we hold cuten ceremony when the building is fully occupied. that means today we have 203 families and individuals who are living in this wonderful building ght here. they are close to public transportation, shopping, restaurants, and cultural institutions like museums and yerba buena gardens. that's the heart of what we are here to celebrate. at this time, i want to invi my co ceo katie lamont d ma kurting to come up and talk about the story how we got to this building and wt special about 921 howard. [applause] >> thank you so much roxanne.m here besides sharmain. maxoe, i worked at tndc a long time and started leading the housing development department and this development has been germinating a partner e, and sharmain was my in navigating our way forward to get to this place today and grateful she is our codeveloper on this prec so, little about the story how we got to this place today. as many know, soma h

analysts of the eurasian development bank explained how the belarusian economy accelerated its growth, with production in agriculture increasing significantly , and manufacturing, construction and trade, as well as transport activities, are maintaining a high growth rate. the information and communications sector is showing positive dynamics. investment activity continues to grow in most countries of the eurasian region. exports of goods and services continue to recover in belarus, with the growth rate for 7 months being 103.7%. physical volumes have increased by 7%. deliveries to asian countries increased significantly by more than 16% and to africa by almost four times , the balance of foreign trade plus 10.2 million dollars. the implementation of import-substituting projects remains a key task for our industry, deputy prime minister viktor karankevich said. he recalled that 27 programs worth 168 billion russian rubles have been agreed with russia, including by attracting a state russian loan of 105 billion. and more than 30 billion rubles have already been spent on 25 projects that

we are going to ask asian development bank. jica and european union and other bilaterals. know, let's talk about the banks because they are plagued by growing non—performing loans, you know, low liquidity. powerful businessmen who had links to the previous government are some of the wilful defaulters at this point in time. there's been a flight of deposits as well. what are some of the big banking reforms that you have in mind that you will bring about in the next few months? it's not the benign neglect, it is a designed robbery of the financial system. it's like a...it�*s like they have discovered the honeypot and, and engaged some, some people to engineer, to take the honey out of the box. one effort would be, of course, to try to take people to task and get the money back. while doing this in parallel, we will have to reconstruct the banking system. so we are trying to establish a banking commission and work out programme which will involve change of board, change of management, change of injection of capital, new owners being brought in and in some cases small banks mer

in belarus , lending growth continues, analysts of the eurasian development bank recorded it at 0.7% in june. the increase in retail lending amounted to slightly more than 2%, less noticeable growth in the corporate segment. as for consumer loans, there is plus 15% compared to the previous month. in general , the increase in household income and growth in loans support high consumer activity in belarus, noted in yaabr. every third working-age person in belarus. in 2023 was engaged in small and medium-sized businesses. last year , almost 370,000 smes were registered in the republic. most of them have a capital residence permit, followed by minsk and brest regions. most belarusians work in the service sector. i will add that the small and medium-sized business sector generates over a quarter of gdp, more than a third of investment tax revenues, and also almost half of the export of goods is about 46%. the value of the dollar per metna fell on the stock exchange, the chinese yuan and the russian ruble strengthened against the belarusian one. so, the following rates have been set: the am

the projects are at various stages of approval with the ministry of industry and trade and the development bank. the first involves modernizing the existing production. the second project is related to the production. with a capacity of 500 horsepower. the implementation of another is aimed at increasing.

and this new developing bank offers, hopefully not on the bricks member states, but also 3rd countries over night as well. what tax and apartment building in the northern vaults is jabante? a refugee camp. several palestinians were killed. many more wounded. i thought, according to dan clave civil defense agency. well, this footage right here shows the often loss with emergency services extinguishing blaise casualties have been transported to the indignation hospital, which is one of the few clinics remaining operational and the more and yet another project milestone has been reached and also consulted with some different i that is, the number of martyrs has reason to over 40000. well, 10 thousands are still missing under the rubble and destroyed buildings during the genocidal war. these really a creation army killed more than 16000 posting in children. and more than 11000 and posting a woman, they were discriminatory, killed for no reason to the west buying has also been volks by more violence and at least one, palestinian was shot dead on the stairs, or a 100 as ready, such as, went

we have sought to reform certain issues in the multilateral development banks and international financialnstitutions. we need more help along the road. my biggest concern, senator, is not that china is not providing resources globally. they do, but they are outside of these institutions. they are doing it in bilateral context where they can extract a quid pro quo and they are doing it outside of the appropriate mechanisms that allow for the degree of transparency, which we think are essential. so i think just simply making the case more international, financial institutions about the challenges this presents, that's the world bank, that's the development bank, this is an essential fight we need to frankly raise the awareness more substantially. >> we have a role to play there as do of course all of our diplomats. so we continue to focus on this important area. something you brought up in your opening comments if we can't get them through the deep-sea beds ratifying the laws and the treaties that looked to be a challenge based on current circumstances then we should look to africa which is

there's new developments bank. i mean, while the a so breaks industry and ministers may think kicks off in the russian city of nursing northcut on today. the event is focused on the development of industrial cooperation between bricks, countries, the programming to the round table devoted to improving synergy between developing economies and international organizations. in an effort to accelerate industrial development and improve competitiveness, we had from a wrong deputy minister of industry at mine and trade, who was so he's, he's optimistic about shifting away from a unipolar wealth framework. i mean it's, it's the most major fit in the development that has transpired within the brakes format is the establishment of the new develop and back it is a ray of hope for bricks member states to be able to push out of the framework. are we giving you full a world and help and contribute to the development of the infrastructure of bricks, member states? another important development within breaks through the so called

court, which is now under court and should be seized, yes, yes, yes, to defend the barbarously developed banks of the lopasnya river of federal significance, the residents of the village of podvigki have been trying since they have directly beyond the outskirts the construction of a grand elite settlement has begun, stop, where are you going, stop, i say, work. they ran away because they are doing illegal work, they didn't even ask the locals when someone was selling their small homeland with great success, you are paupers here, and here the cool guys will live in their cottages, a representative of the land control came on our complaint, 3,000 plots are planned here, 3.00 plots 3. that is 3.00 houses only a helipad three. and former collective farm fields, beaches where they fished and swam the villagers in one hour floated away into someone's hands, everything was sold, right down to the holy spring in the repairs of the famous 16th century and even the road to the cemetery, now this illuminated font and even the dirt road to the churchyard are private territory. my mother and grandmother ar

facility, here colleagues will work out, if it will be possible to do this project with the development bank, we would be happy to invite you to this block, it is quite financially capacious, i think that it will also be interesting, all new directions will be discussed in detail along the line: ministries, and today, following the meeting, a protocol was signed to the agreement on cooperation in the economy, science and culture until 2026. the situation on the southern borders remains tense, in connection with this, the units of the belarusian army continue to strengthen the state border. the tasks of protection are carried out by special operations forces, tank, mechanized units, missile complex divisions. in tactical areas, there is round- the-clock monitoring of the terrain. we carry out the task of covering the air defense of the tank unit. already at this stage, we have post-visual surveillance - near our location. every day, the machines make detection by the radio location channel, we conduct training, all related to our air the enemy, all the calculations are prepared, everyone is t

that the government intends to withdraw almost 5 billion euros from the funds of the national development banknplanned expenses. initially, these funds had to be spent on compensation due to high energy prices. the intentions of the cabinet were revealed by the minister of economy , thereby angering the coalition partners. sergei khaloszewski looked into the details of the scandal. the historic failure of the current traffic light coalition in the last elections, when scholz's spd showed its worst result in more than a century, and support for the greens fell by almost half. as it turned out, this was just the tip of the iceberg, with the german budget arriving soon after, which scholz and his comrades had been painfully coordinating for a long time. it turned out that that the current german government, making one mistake after another, has miscalculated by a mere trifle, by about 5 billion euros. the budget deficit, according to my estimates , is about 5 billion euros. yes, we have an understanding of how to solve the problem with railways and highways, but it turned out that there are quest

bank. and this compromise is ultimately for the benefit of the palestinian people, and it seems that hamas is ready to compromise on the strip. how is it affected by the developments in the west bank ? i understand the question about the developments in the gaza strip and also the actions of the arab countries through negotiations and non-negotiations . it is also affected by the actions of iran, yemen and hezbollah . i want to address the new challenge near netanyahu's house. the challenge of the zionist regime in identifying the drone that he had flown over the house of the prime minister of this regime. the israeli newspaper hume wrote: the rocket launcher ship located on the shores of caesarea, the city where the residence is located. netanyahu's personal learned about the existence of this drone on friday, but he could not find it even with the dispatch of fighter jets. in its report, israel hayom identified this drone as belonging to lebanon's hezbollah and wrote that its purpose was to take pictures of the prime minister's house. the zionist regime after the assassination of fouad shouk, the commander of hezbollah , and fearing the revenge of the resistance

in 2015, they found that the new development bank, the counter organization, such as the world bank and the international monetary fund. they also aimed to reduce their reliance on the us dollar. bricks represent nearly a 3rd of the global economy and really health of its population. the total g, d, p, and purchasing power parity terms is actually bigger than that of the g 7. the block is growing to the u. a wrong, and if you appear at each, it's joint this year. saudi arabia was invited to join. it's membership is pending, but it's additional only amplify the brooks ambition to become the champion of the global south of rita. to what extent of the bricks, nations, countries like india and brazil to are trading the ways of prosperity right now. reliance upon the old world, all the remaining in tax or is it holding them back? so what's interesting about these 2 countries is that in prison and you're able to lift bridge, the relationship with the old, old old. and they've also proven to be more flexible and adaptable powers in the international system. so with perks coming into play, the

development funding? and noting come again back to the idea of accessing finance, which is such a critical problem for so many of the pacific island countries and that often bureaucracy, multilateral banks or other international financing is just complicated for smaller countries to deal with. so what can the u.s. do due o support greater access to development funds both through undp or through the various multilateral development banks? bank? >> well, certainly in new york through undp, unicef, other agencies, we are on those boards. we are on the board of undp. were on the board of unicef. we really, world food program. so we do have a say in how those organizations address issues that developing countries bring to the table. our voice is clearly a voice that is very powerful. because we come in almost all cases, are the largest donors to these organizations. certainly to the humanitarian ones but i think even undp. so we can speak for and promote the interests of developing countries in a way that it think it's important, and it's something that i know we do on a regular basis. and that is certainly the case with the international financial institutes as well. we do think there is ro

are currently at various stages of approval with the ministry of industry and trade and the development bank. the first involves the modernization of existing production. the second project is related to the production of 500-horsepower tractors. the implementation of another is aimed at increasing. for the installation of a new inverter compressor with improved characteristics, which will allow the refrigerator to become more energy efficient and less noisy. in addition, the enterprise is working on the possibility of producing dishwashers and washing and drying machines. and finally, dubai airport set a new record for passenger service. this is almost 45 million people in six months. one of the largest transport hubs in the world received 216,000 flights. most often , passengers arrived at the airport from. india, saudi arabia, great britain and pakistan. according to the results the forecast is no less optimistic, the airport management expects to receive over 90 million guests, which will be a new absolute record. these were the economic news, good mood to you and productivity in busines

the mayor ce, cal, tndc kurting development and bank of america were able to join me today.. [applause] >> it sounds we are still waiting for the mayor to arrive and luckily, i have been planning to talk to you about very important state and local measures that we like you to support. [laughter] we all know, it is critically important to cou investment and state investment for affordable housing like 921 howards. while we have a state representative here, thank you irwin, we want to express how grateful we are to th gislature for putting prop 5 on the ballot. prop 5 for those who don't know and hopefully learning more up to november 5 will be the voter threshold for local bonds for things like 8á affordable housing and like schools, parks, open space, public health libraries and public transit. the state has been doing its part to make it much easier for localities to raise funds to support affordable housing so please do your part and vote for opnovember 5. this along with previous state enabling legislation that allowed for the creation of regional financing authorities li

receipt issuing place for banks called banks it was with the development of modern forms of transactions. took over and the first sparks of institutional establishment in the world took place . the structure and institution that was called the bank and became an inseparable part of today's societies and modern life. the first banks were formed with the purpose of keeping the gold and silver of the rich and in some cases paying them interest. they used the gold and silver that the rich received for safekeeping to give loans to the owners of economic activities and capital applicants, and they demanded amounts as loan interest for granting these loans. by allocating a part of the profit, these banks offer a part for themselves the owners used to make coins. gradually, the process of receiving interest from borrowers and paying interest to depositors is a custom. it became among the newly established banks. a method that is being used, developed and expanded in various ways in the banking industry of the world. in fact , the banking system is a type of funds mediation. study in any society

development funding and noting that again back to that idea of accessing finance which is such a critical problem for so many of the pacific island countries and they often voice the bureaucracy and multilateral banks or other international financing is just complicated for smaller countries to deal with so what can the u.s. to do to support greater access to development funds through the un or through the various multilateralal development bank? >> certainly in new york through the undp and other agencies, we are on the board of the undp and unicef and world food program. so we do have a say in how those organizations address issues that develop with countries ande our voice is clearly a voice that is very powerful because in almost all cases we are the largest donors to these organizations so we can speak in a way that is important and i know that we do on a regular basis and that's certainly the case with the international financial institutes as well. we do think that there is room and time for. >> it will happen through the brenton woods process and how we address what we do with those institutions in the future and itit also means addressing the impact that china is through its own financing

the emphasis of the ministry of finance, the emphasis of the ministry of roads and urban development, the banks are not paying as much attention as it should be, now the problems there is a foundation, we don't want to get into it . it is a constant complaint that the late president is not . meanwhile, in developed countries, 80% of their facilities are in the field of housing, such as switzerland and the netherlands, and in developed countries whose housing problems have been solved, 80% of their banking education is in the field of housing. let's look at it that way, we shouldn't be worried , we shouldn't worry about why the resources aren't coming, so why isn't it like that, we'll go through it now, at another time with the presence of bank representatives. it means that if in the first round the resources were paid in a way as you said. that is, we have extended the payment period a part of the problem was solved, we saw that the society body still does not have enough power, we came in the next round and increased the loan with the help of the central bank and the support of the honorable

intelligence subsystem will also be used to obtain high-quality analysis, the developer is the operator of this platform banke will receive analytics, forecasts, forecasts on prices, which will allow government authorities to make timely correct decisions on administrative regulation over prices, in turn, large importers will allow timely and effective decisions in the field of procurement of imported spare parts, imported parts, goods and from august benefits will increase in belarus ; an additional 70 million rubles have been allocated from the budget to increase child benefits. let me note right away that these changes are expected, since they are related to an increase in the cost of living budget by 3.4%. the beginnings will also become more significant. the ministry of labor and social protection annually announces changes to the subsistence level budget. the main guideline for calculating a number of benefits and additional payments changes steadily once a quarter. last time it grew up in may, next time it will be revised by november. so, from august, the average cost of living budget per capita will

restrictions, this standard operations for 100,000 rubles per month of transfers, a number of banks are trying to developte conditions so that these relatives are somehow logically recorded at the level of banking systems, how can increasing the limit help you? cancellation of the commission. the main advantage is that it has now become much easier to transfer your savings between banks and you can choose which financial institutions offer more favorable conditions. by the way, reminders that your deposit term is ending should come to clients at least 5 days in advance. this is a requirement is in the very law that set the increased limit on free transfers. how do you decide on which account you want to keep your money and, in general, how you are going to manage it? in addition. the key rate allows us to now use different instruments that professional participation securities offer, and the yield on them will be comparable, even higher than bank deposits, and the risk level is not much higher, for example, exchange-traded funds of the money market, in general they are comparable in yield to bank deposit

in the meantime, a development on the west bank, | development on the west bank, israeli political leadersn netanyahu and two far right ministers have condemned a group of settlers who went on the rampage. israeli political leaders, including benjamin netanyahu and two far—right ministers, have condemned a large group ofjewish settlers who went on the rampage in a village in the occupied west bank, setting houses and cars on fire. the settlers — some wearing masks — were armed with batons, rocks and molotov cocktails as they descended on the village ofjit. at least one palestinian was killed and others seriously injured. it isa it is a reminder that there is a fine quite often in the west bank thatis fine quite often in the west bank that is less well reported on events in gaza. . �* , that is less well reported on events in gaza. . �*, ., ., in gaza. that's right, although we have had these _ in gaza. that's right, although we have had these are _ in gaza. that's right, although we have had these are strong - in gaza. that's right, although we . have had these are strong comments coming f

annual inflation coincides according to the methods of the central bank and the ministry of economic development. the bank of russia , as expected, raised the key rate to 18% at the previous meeting, while maintaining a hawkish signal. and the consensus forecast for the next meeting is 20%, that is, the market is pricing in another tightening of monetary policy in 2% increments. the us federal reserve is ready to begin cutting the rate completely at the meeting on september 17-18. about this the so-called minutes show. the minutes of the meeting of the committee on the open markets. of course, officials refer to inflation. the downward trend should continue. then the monetary policy will be softened. the question remains open as to what step they will choose: 25 basis points or half a percent at once. experts believe that the american regulator will act cautiously. it is necessary to react to the entire set of data, which is why we expect that they will begin to lower rates in september. they are already ready for this. in the minutes the previous meeting, it was said that they were ready to beg

you said the national development fund and his bank, of course , you did not say the private sector.ivate sector has its own problems, unfortunately, one of the problems it has is entering africa without actually knowing it the reasons that failed, now we have many cases. when they go there, this makes them say and announce that they don't go to africa, africa has a problem , they don't actually come from the chamber of commerce, from these commercial centers, from the places where we actually observe , they usually go for advice as commercial and commercial observations. they enter africa without consulting. well, after all, there is a strange mechanism there, that is , a strange word that they say in terms of rules . even sometimes you don't really master these cultural processes you will face a problem there. thank you. i think we have 6-7 minutes less time . mr. faqeeh . it was private, not the public sector, and the private sector is the public sector . assistance to the activity has always been the slogan of the government of export, but in practice, if a person goes from china

these are standard transactions for 100,000 rubles per month of transfers, a number of banks are trying to develop and - create conditions so that these relatives are somehow logically recorded at the level of banking systems, how can increasing the limit and canceling the commission help you? the main advantage, now it has become much it is easier to transfer your savings between banks and you can choose which financial institutions offer more favorable conditions. by the way, a reminder that your deposit term is ending should be sent to clients at least 5 days in advance. this requirement is in the very law that... established an increased limit on free transfers. how do you decide on which account you want to keep your money and, in general, how are you going to manage it? in addition to the websites and applications of the banks themselves, special portals and financial platforms will help you. for fizlids they are free, and their work is monitored by the bank of russia. currently, there are nine platforms operating in the country, which are included in a special register of the central bank.

sanctions anyway. and the fact that the relations, including , for example, de-dollarization, the development of bankingations , the neutralization of sanctions, what opportunities will this create for the two countries, and what are the benefits of the leadership agreement that we have mentioned for the two countries? almost two days ago, mrs. matenko, the head of the council of the russian federation, clearly stated that today networks like swift, which use dollars, are unreliable networks, because they are at the disposal of the unilateralism front to pressure the independence. well, i said that today is one of the missions what exists in brics is to deal with economic terrorism, and most of the brics members make their understandings on the basis of a common currency, and even this brics bank that has been created is going towards common width, not a single currency, for example , europe or the euro. that exchanges on it should be the basis of their own financial exchanges, what russia is doing with china today , it is doing with india, and this attraction has made many members of the world towards

the data is provided in the central bank's report on the development of the banking sector.asons for the increase in profits is said to be currency revaluation with the weakening of the ruble. also by 8% or 51 billion rubles. the main incomes of banks increased, and the number of profitable financial institutions increased. by two, there are now 250 of them in russia, which is almost 80% of the country's banking sector. the ruble strengthened significantly against the yuan during the previous trading session. the chinese currency cost less than 11 rubles 85 kopecks. such levels have not been seen since august 12. experts attribute the confident growth of the ruble to the preparation of export companies for tax payments next week. the greatest damage from the sanctions. the eu against russia is borne by the europeans themselves, in an interview with the italian the founder of the usm holding alishey rusmanov pointed out to the newspaper karera dela sera. the west believes that it is making a colossal mistake by persecuting russian businessmen, who do not influence the decisio

the effort of financing bonds by the operating banks to issue riyal financing bonds for development projects and providing working capital for listed companies. the head of the central bank announced the issuance of 2 billion euros of currency sukuk bonds for the development plans of listed companies, especially in the petrochemical and mining fields, as the second measure to support the stock market. the assumption of this announced that the third step is to grant one and a half billion euros in foreign currency loans to listed companies that have horizontal income and early return projects , in order to increase their exports. the spokesman of the parliament presidium said that so far 70 meetings have been held in the parliament commissions to review the records and plans of the ministers proposed by the 14th government. is examination of the qualifications of the proposed candidates. it will start from saturday in the public arena. this is the islamic council, where the representatives are very busy these days. now, i think you are going to the national security commission. it is right un

the data is cited in the central bank's report on the development of the banking sector , with currency being named as one of the key reasons for the increase in profits due to the weakening of the ruble. also, the main income of banks increased by 8% or 51 billion, and the number of profitable financial institutions increased by two. there are now 250 of them in russia, which is almost 80%. banking sector of the country. the ruble has strengthened significantly against the yuan during the previous trading session. the chinese currency was worth less than 11 rubles 85 kopecks. such levels have not been seen since august 12. experts say the confident growth of the ruble is linked to the preparation of export companies for tax payments next week. the greatest damage from the eu sanctions against russia is being borne by the europeans themselves. sera pointed this out in an interview with the italian newspaper carriera della sera. adapts to the sanctions, and other countries suffer, mainly those who imposed these sanctions or supported, with which experts agree, more than anyone else from