Bloomberg The United Nations is calling for the creation of a global authority to help implement the temporary suspension of debt obligations from developing countries during the coronavirus pandemic. The proposal will enable private creditors to join the debt payments pause and allow countries use resources to fight the new illness, said Stephanie Blankenburg, head of debt and development finance ...

Bloomberg The European Union’s 27 leaders will be asked to consider a 2 trillion-euro ($2.2 trillion) plan for the region’s post-pandemic recovery on Thursday, according to reports. The compromise proposal has emerged from a north-south squabble over how to pay for the effects of coronavirus lockdowns that is set to play out on a video conference. The proposal would partially ...

DUBAI / WAM The Dubai Financial Services Authority (DFSA) has invited applications from local and international companies to apply to join its 2020 Summer Cohort. Successful cohort applicants will be invited to apply to enter the DFSA’s version of the regulatory sandbox, known as the Innovation Testing Licence (ITL). A statement issued by the authority noted that the DFSA “welcomes ...