Tag: minister

Minister Valdez tables Business Development Bank of Canada legislative review report

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Minister Valdez tables Business Development Bank of Canada legislative review report

OTTAWA, ON, Nov. 29, 2023 /CNW/ – Nowadays, the Honourable Rechie Valdez, Minister of Compact Business enterprise, tabled in Parliament a report by Innovation, Science and Economic Growth Canada on the statutory overview of the Business Enhancement Lender of Canada Act (BDC Act).

The BDC Act necessitates that the Minister of Smaller Business enterprise, together with the Minister of Finance, conduct a legislative review each 10 a long time. This is to ensure that BDC continues to answer to the changing wants of tiny and medium-sized enterprises (SME) and provides the guidance organizations throughout Canada need to have.

The BDC legislative critique was a calendar year-long procedure involving community consultations and conferences with stakeholders and enterprises to consider BDC’s effectiveness in fulfilling its mandate and to think about how BDC can keep on to finest guidance Canadian businesses.

The report can make numerous suggestions, like:

  • Strengthening accessibility to, and growing visibility of, guidance for beneath-represented entrepreneurs

  • Bettering the achieve of BDC in underserved locations and rural communities across Canada

  • Reinforcing collaboration with associates and ensuring companies are complementary to the non-public sector’s and

  • Facilitating higher information and facts sharing and transparency with stakeholders and partners, and refining BDC’s chance urge for food to aid entrepreneurs with the greatest have to have.

The pandemic has highlighted just how important BDC’s perform is for Canadians, as perfectly as how crucial it is to evaluate the BDC Act. These suggestions will assist be certain entrepreneurs throughout the nation have access to the methods and help they have to have.

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“Tiny corporations are not small—they make up 98% of all of Canadian companies, and supporting them is a best precedence for our governing administration. As Canada’s only financial institution targeted on SMEs, BDC has performed a crucial position in supporting business

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Ukraine’s key minister, finance officers to take a look at Washington

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Ukraine’s key minister, finance officers to take a look at Washington

Ukrainian Key Minister and head of the country’s delegation Denys Shmyhal attends a joint information convention right after an EU-Ukraine Affiliation Council assembly in Brussels, Belgium February 11, 2021. Francois Walschaerts/Pool by using REUTERS

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WASHINGTON, April 15 (Reuters) – Ukrainian Primary Minister Denys Shmyhal and leading Ukrainian finance officials will pay a visit to Washington up coming week during the spring conferences of the International Monetary Fund and Globe Lender, resources familiar with the options mentioned on Friday.

Shmyhal, Finance Minister Serhiy Marchenko and central financial institution governor Kyrylo Shevchenko are slated to satisfy bilaterally with finance officers from the Group of Seven nations around the world and other individuals, and just take element in a roundtable on Ukraine to be hosted by the Earth Lender on Thursday, the sources explained.

Thursday’s function will be the very first likelihood for crucial Ukrainian officials to fulfill in human being with a host of monetary officials from highly developed economies due to the fact Russia’s invasion of Ukraine on Feb. 24.

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Spillovers from Russia’s war in Ukraine are predicted to dominate upcoming week’s conferences of senior economic officials from Environment Financial institution and IMF member nations, as perfectly as the G7 and G20, with the IMF poised to downgrade its forecast for world-wide advancement as a consequence of the war. browse more

Russian President Vladimir Putin despatched his troops into Ukraine on what he calls a “unique armed service procedure” to demilitarise and “denazify” Ukraine.

Kyiv and its Western allies say individuals are bogus justifications for an unprovoked war of aggression that has pushed a quarter of Ukraine’s 44 million men and women from their properties and led to the fatalities of countless numbers.

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