<p><span>In order to create highly convenient services through digital innovations, the Financial Services Agency (JFSA) adequately identify regulatory and technological issues and address them in an integrated manner through FinTech Innovation Hub. As a specific initiative, we will introduce the “FIN/SUM”, a global symposium on FinTech, contribution to the Blockchain Governance Initiative Network (BGIN), and efforts on governance issues in decentralized financial system through Blockchain Multilateral Joint Research Project.</span></p>
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One of the priorities of the G20 this year is digitalization. At their meetings in February and April, the G20 finance ministers and central bank governors discussed global stablecoins, central bank digital currencies and cross-border payment issues.
Author of the article: Geoffrey P. Johnston
Publishing date: Apr 23, 2021 • 1 hour ago • 8 minute read In this file photo taken on March 04, 2020, IMF managing director Kristalina Georgieva and World Bank Group president David Malpass bump elbows at the end of a joint news briefing on COVID-19 in Washington, D.C. Photo by NICHOLAS KAMM /Getty Images
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Not only do developing nations need help financing their pandemic responses and procurement of vaccines, they also urgently require debt relief to prevent them from experiencing a lost decade in the post-pandemic era.
The worst global health crisis in more than a century has thrust low-income countries into an extremely precarious financial situation, imperilling their development and the well-being of more than 100 million people.
Developing nations need vaccines and debt relief standard-freeholder.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standard-freeholder.com Daily Mail and Mail on Sunday newspapers.
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RIO DE JANEIRO, BRAZIL – In a joint statement at the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB), the two countries suggested that there should be new mechanisms to benefit middle-income countries, including a fund within international institutions to encourage orderly debt restructuring.
In the framework of the G20 Finance Ministers and Central Bank Governors Meeting, they expressed that it is necessary to evaluate the effect of the pandemic, as well as the scope and range of new support mechanisms, which are being discussed, to promote the economic recovery of low- and middle-income countries.