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UN chief welcomes IMF and World Bank measures to address COVID-related debt crisis

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UN chief welcomes IMF and World Bank measures to address COVID-related debt crisis

In a statement issued via his Spokesperson, António Guterres said developing economies had struggled to secure enough financial resources to cope with the onset of the coronavirus crisis, “let alone to recover from it.”

Since the beginning of the crisis, the Secretary-General has called for liquidity, the statement continued, through a large issuance of Special Drawing Rights (SDRs) – an instrument created by the International Monetary Fund to help supplement cash reserves – for those most in need, and a reallocation of unused SDRs.

Mr. Guterres has proposed a “three-phased approach to address debt burdens: a debt standstill, targeted debt relief for the most vulnerable, and a reform of the international debt architecture.”

New funds pledge

The Secretary-General welcomed the IMF committee’s “concrete calls” for a new allocation of SDRs, and voluntary reallocations to countries in need. He said he was encouraged by the support given for the Debt Service Suspension Initiative (DSSI), which has provided $5 billion in temporary relief for vulnerable countries, and for the Common Framework for Debt Treatments, agreed by the G20 economies.  

“Debt standstills and relief must be extended to countries that need it most – including middle income countries, which are home to more than 60 per cent of the world’s poor – without creating stigma or compromising their sovereign ratings”, said the statement.

Rebuilding debt

Reforming the international debt architecture is also critical, said the UN chief noting that a debt crisis amidst the COVID-19 emergency, “would put the Sustainable Development Goals out of reach. This week’s discussions on the international debt architecture are a major step in the right direction”, he added.

The Secretary-General called on all countries and institutions to join in a global effort to “rethink the principles underpinning today’s debt architecture, and urged action to “complement existing instruments with more effective debt crisis resolution mechanisms.”

He expressed great encouragement over the IMF’s and World Bank’s emphasis on a sustainable, inclusive, smart and green recovery. 

Your Religion News: April 10, 2021

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Your Religion News: April 10, 2021

Published: 4/9/2021 5:11:17 PM

Sunday: Bishop Byrne will preach in GreenfieldGREENFIELD — The Franklin County Deanery will sponsor a Divine Mercy Celebration at Blessed Sacrament Church in Greenfield on Sunday, April 11. Bishop William Byrne will be the Celebrant and will preach. Confessions will be available from 2 to 3 p.m. The celebration will begin at 3 p.m.

First Congregational Church of Montague news

MONTAGUE CENTER — Pastor James Koyama welcomes all to the 10 a.m. in-house worship service. Health safety guidelines will be followed. The service is also available by Zoom. The link is sent out on Saturday. Please contact Ann Fisk (413-367-2812) if you would like the link.

The annual meeting will be held following the service, all are urged to attend. Meeting will be held in the Sanctuary and on Zoom.

April 17: Spring Fling Ham Supper

There will be a Take Out Spring Fling Ham Supper on Saturday, April 17. We will have a drive-thru set up in front of the church between 5:30 to 6:30 p.m. There are a limited number of dinners available so please call ahead. 413-367-2652.

Sunday: ‘Service as Prayer’ at All Souls and First Parish Unitarians

On Sunday, April 11, at 10:30 a.m., the Rev. Alison Cornish will lead the online worship service for Greenfield’s All Souls Church and First Parish of Northfield, Unitarian. Titled “Service as Prayer,” the sermon will be the third in a series exploring First Parish of Northfield’s Declaration of Fellowship. What do Unitarian Universalists view as ‘service? Is service the same as giving charity? As working for justice?

Also as part of this service, we will honor Yom Ha’shoah, the annual commemoration of the remembrance of the Holocaust, and tell the story of the founding of the Unitarian Universalist Service Committee. To obtain Internet connection information for the service, email [email protected].

Shelburne Congregational Church news

SHELBURNE — The First Congregational Church of Shelburne continues this Second Sunday of Easter with a written worship resource and video. The service is centered on the image of the Good Shepherd. Worship resources are accessible via our church website @ (shelburnechurch.org).

May 1: Walk the labyrinth

GREENFIELD — May 1 is World Labyrinth Day. The Community Labyrinth Coalition invites the community to celebrate this day and learn more by walking the labyrinth on the Federal Street lawn of the Episcopal Church of Saints Andrew and James at 1 p.m. That’s when, across the globe, people will set an intention for peace, a rolling wave of energy that blesses the world. We would love to be part of the worldwide movement and would invite people to come walk anytime that afternoon. We are also hoping to partner with the Traprock Center for Peace and Justice and other local groups advocating for more peaceful relations on our Earth around this event.

Swiss Catholic theologian Hans Küng, who criticized popes, dies at 93

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Swiss Catholic theologian Hans Küng, who criticized popes, dies at 93
(Photo: Wikimedia)Hans Küng receives an honorary degree from the National University of Distance Education in Madrid, Spain, on Jan. 27, 2011.

Hans Küng, the prominent and sometimes controversial Swiss Catholic theologian, who challenged popes, has died peacefully in his sleep in the university town of Tübingen, Germany, where he had lived and lectured since 1960.


His death at the age of 93 was announced by the Global Ethic Foundation which Küng founded in 1995.

“Father Küng was one of the most outspoken Roman Catholic theologians and one of the sharpest critics of St. John Paul II and Pope Benedict XVI. He had worked with and studied with Pope Benedict, then-Father Joseph Ratzinger, in Tübingen in the 1960s,” Anli Serfontien reported for CNS on April 6.

Dr. Küng was an ordained priest who worked primarily as a scholar and writer, and was regarded by admirers and detractors alike as one of the most important Catholic thinkers of the past century, The Washington Post’s Matt Schudel reported.

“One of his early books, first published in English as ‘The Council and Reunion,’ helped provide the intellectual framework for some of the reforms instituted at the Second Vatican Council (sometimes called Vatican II) under Pope John XXIII.”

Along with Ratzinger, Küng was one of the youngest theological experts advising bishops at the Second Vatican Council from 962-65, but not long after the council he evoked controversy with his views on papal infallibility.

Due to this view he had his “missio canonica,” the license needed to teach Roman Catholic theology, withdrawn in 1979 and was no longer allowed to teach as a Catholic theologian at Catholic universities.

Thereafter he went to Tübingen, where became professor of ecumenical theology, until his retirement in 1996.

Küng remained a Catholic priest and he cultivated a global reputation as an articulate critic, fluent in six languages, of what he considered the church’s failure to adapt to modern times.

“During a 1963 speaking tour of the United States, he was invited to the White House by President John F. Kennedy, the nation’s first Catholic president, but he was banned from appearing at Catholic University in Washington,” the Post reported.

“It wasn’t Catholicism that he opposed, Dr. Küng said, but Roman Catholicism — namely, what he viewed as an insular, self-reinforcing Vatican bureaucracy that amounted to an authoritarian regime. For centuries, he said, the Vatican had neglected its spiritual mission as it pursued the accumulation of power and wealth, with the Pope reigning as an absolute monarch.”

Upholding values and human rights in football governance

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Upholding values and human rights in football governance


Upholding values and human rights in football governance – Book Publishing Industry Today – EIN Presswire

















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ESMA PUBLISHES INTERIM TEMPLATES FOR STS SYNTHETIC SECURITISATION NOTIFICATIONS

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The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator, has published the interim simple, transparent and standardised (STS) notification templates for synthetic securitisations following amendments to the Securitisation Regulation (SECR).

The interim templates allow originators to notify ESMA of synthetic securitisations that meet the STS criteria.

The amended SECR was published in the Official Journal of the European Union on 6 April and enters into force today. The amended SECR extends the STS framework to synthetic securitisations. As with traditional securitisations, only those synthetic securitisations that meet pre-defined STS requirements will be published on ESMA’s website.

Until the date of the application of the Regulatory Technical Standards (RTS) specifying the content and the format of STS notifications for synthetic securitisations, originators can make the necessary information available to ESMA in writing during the interim period. ESMA makes available, in its website (LINK to the “STS securitisation notification” section), interim STS synthetic notification templates that originators can use to ensure consistency across all STS notifications.

The interim STS notification templates may be used by originators on a voluntary basis which may be subject to possible changes following the entry into force of the RTS.

Buddhist Times News – Cambodia’s Angkor temple complex to remain shut till 20 April

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Buddhist Times News – Cambodia’s Angkor temple complex to remain shut till 20 April

By  —  Shyamal Sinha

Cambodia is shutting its most popular tourist destination, the centuries-old Angkor temple complex, to visitors for two weeks to help curb the country’s coronavirus outbreak.

Angkor, in Cambodia’s northern province of Siem Reap, is one of the most important archaeological sites in Southeast Asia.

The closing of the world-famous site is the latest in a slew of measures the country is taking after the number of coronavirus cases surged in February.

The Apsara Authority, the government agency that oversees the archaeological site, said that temporarily stopping local and foreign tourists from visiting the temples is important to help combat the virus. It said in a statement dated Wednesday that visitors are banned from 7 April through 20 April.

The Angkor site, in the northwestern province of Siem Reap, attracted 2.2 million foreign tourists in 2019, but experienced a sharp falloff last year due to disruptions caused by the pandemic. Cambodia allows in tourists, but they must undergo a quarantine.

The Health Ministry on Thursday announced 113 new local cases of the coronavirus and two deaths. Cambodia has recorded a total of 3,028 cases, including 23 deaths.

The ministry has traced the latest outbreak to a foreign resident who broke quarantine in a hotel and went to a nightclub in early February. The government on 20 February announced a planned two-week closure of all public schools, cinemas, bars and entertainment venues in the capital, Phnom Penh.

As the number of cases rose, the closures were extended throughout the country for schools, gyms, concert halls, museums and other gathering places.

A defunct luxury hotel in the capital has been converted into a 500-room coronavirus hospital, and the authorities are enforcing a new law imposing criminal punishment for violating health rules.

The use of face masks was made mandatory in Phnom Penh and four of the country’s most densely populated provinces.

The government stepped up other restrictions at the start of this month, including a two-week, 8 pm to 5 am curfew in Phnom Penh.

It also broadened its coronavirus vaccination campaign, targeting 1 million doses a month beginning in April. Through the end of March, about 400,000 people €” about one-third of them members of the armed forces €” had received vaccinations.

By the end of March, Cambodia had acquired more than 3.1 million doses of vaccines from China and through the World Health Organisation’s COVAX initiative. Cambodia has a population of about 17 million.

For several centuries Angkor was the center of the Khmer Kingdom. With impressive monuments, several different ancient urban plans, and large water reservoirs, the site is a unique concentration of features testifying to an exceptional civilization. Temples such as Angkor Wat, the Bayon, Preah Khan, and Ta Prohm, exemplars of Khmer architecture, are closely linked to their geographical context as well as being imbued with symbolic significance. The architecture and layout of the successive capitals bear witness to a high level of social order and ranking within the Khmer Empire. Angkor is, therefore, a major site exemplifying cultural, religious and symbolic values, as well as containing high architectural, archaeological and artistic significance.

Prime Minister Hun Sen said this week on his social media channels that vaccinations are voluntary, but that civil servants and members of the military would be at risk of being dismissed if they fail to be inoculated.

source – Firstpost

EU Aviation Safety Agency: PIA flight operations to EU remain suspended

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EU Aviation Safety Agency: PIA flight operations to EU remain suspended

KARACHI: The European Union Aviation Safety Agency has indefinitely extended the suspension of Pakistan International Airlines flight operations in EU, “until all necessary information is available to decide on the way forward.”

The European Union Aviation Safety Agency had suspended the Third Country Operations Authorization (TCOA) to PIA in July 2020 initially for six months following the controversial and several time modified statement of the Minister of Aviation Ghulam Sarwar Khan regarding the verification of degrees of Pakistani pilots working in the national flag carrier and other airlines. The EASA decision to suspend PIA flight operations to EU had come in February 2021, after the International Civil Aviation Organisation made public a ‘Significant Safety Concern for Pakistan, indicating a serious degradation of Pakistan Civil Aviation Authority certification and oversight capabilities. Later, the EASA extended the suspension for another three months till March 31st, 2021. In its latest review, the EASA rejected the PCAA offer and found it not to be helpful in removing the (EASA) concerns about the PCAA oversight and mentioned that under the legal instruments, the Third Country Operations Authorization must be revoked.

The EASA had communicated to the CAA and PIA that “their offer to use only flight crew and engineers not holding Pakistani licenses does not fully mitigate all concerns regarding the oversight capabilities of the PCAA. At this moment, the EASA therefore considers that not all conditions required to lift the suspension are met.

EASA should now revoke the TCOA (Third Country Operations Authorization) in line with EASA, ART.235(c)(1) of Part-ART.” But the EU agency let off the drastic action and chose to extend the suspension indefinitely till all necessary information is available.

In a breather to the national flag carrier, the EASA informed the PCAA, due to the on-going technical consultations between European Commission and PCAA, the exceptional circumstances arising from the current Covid- 19 crisis and the impending ICAO audit of CAA in coming months, “the EASA has opted not to revoke your TCO Authorisation but to further extend the suspension period until all necessary information is available to decide on the way forward.”

Turkey denies snubbing female top EU official

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Turkey denies snubbing female top EU official

Turkey yesterday strongly rejected accusations that it snubbed Ursula von der Leyen, one of the European Union’s most powerful executives, because of her gender, insisting that the EU’s own protocol requests were applied during a meeting at the Turkish presidential palace.

Von der Leyen, the European Commission president, and European Council chief Charles Michel met Turkish President Recep Tayyip Erdogan for talks on EU-Turkey relations on Tuesday.

The two guests were led into a large room for discussions with Erdogan, but only two chairs had been set out in front of the EU and Turkish flags for the three leaders. Von der Leyen stood looking at the men who took the chairs, expressing her astonishment with a “ehm” sound and a gesture of disappointment.

She was later seen seated on a large beige sofa, away from her male counterparts.

The images drew intense criticism on social media and accusations of gender discrimination.

Turkish Foreign Minister Mevlut Cavusoglu said Turkey had come under “extremely unfair” criticism over the visit and alleged slight.

“Turkey is a deep-rooted state and this is not the first time that it has hosted a visitor,” Cavusoglu said.

“The protocol applied during its (international) meetings is in line with international protocol rules as well as the world-renowned Turkish hospitality traditions.”

Cavusoglu insisted that Turkish and EU officials in charge of protocol had held meetings before the visit and that the arrangement was in line with EU requests. “The protocol that was applied during the narrow-scope meeting that was held at our president’s office met the requests of the EU side. In other words, such a seating arrangement was made in line with the suggestions of the EU side,” he said.

The minister added that he felt obliged to lay the blame on the EU publicly after accusations from even “the highest levels of the EU.”

Facing a barrage of questions for the second straight day, EU Commission chief spokesperson Eric Mamer did not comment on the Turkish’ version of the incident, and tried to downplay it.

“If you look at the president’s statements, what she put on her Twitter account, etc … you will see that there is no mention of this event,” Mamer said.

“Let’s not exaggerate the importance that we gave to this event. We will make sure things are clarified so future missions go ahead according to a common perception of protocol measures.”

Turkey puts blame for ‘sofagate’ fiasco on EU

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Turkey puts blame for ‘sofagate’ fiasco on EU

ISTANBUL: Turkey on Wednesday blamed the EU for seating arrangements that left European Commi­ssion chief Ursula von der Leyen without a chair during a meeting with President Recep Tayyip Erdogan.

Erdogan and Turkish officials came under a torrent of criticism after images went viral of his meeting on Tuesday with von der Leyen and European Council president Charles Michel in Ankara.

The well-appointed room which the three leaders entered had only two chairs arranged next to the corresponding EU and Turkish flags.

Erdogan and Michel quic­kly seated themselves while von der Leyen — whose diplomatic rank is the same as that of the two men — was left standing.

“Ehm,” she said pointedly, while appearing to spread her arms in wonder.

Official images later showed her seated on a sofa opposite one taken by Turkish Foreign Minister Mevlut Cavusoglu.

Cavusoglu said on Thur­sday that criticism levelled against Turkey for the diplomatic blunder was “unfair”.

“The seating arrangements were made in line with the EU suggestion. Period. We would not be revealing this fact had accusations not been made against Turkey,” Cavusoglu told reporters.

“The demands and suggestions of the EU side were met and the proper protocol applied during the meeting,” he said.

The diplomatic faux pas was instantly branded “sofagate” on Twitter and became the dominant talking point of the first Turkey-EU summit in a year.

The meeting was aimed at a setting a more positive tone to relations after months of trouble on multiple fronts.

But it ended with European officials accusing Turkey — which last month withdrew from the landmark Istanbul Convention combating gender-based violence — of male chauvinism.

“First they withdraw from the Istanbul Convention and now they leave the President of European Commission without a seat in an official visit. Shameful. #Wome­nsRights,” wrote Spanish European Parliament member Iratxe Garcia Perez.

Some also questioned why Michel was so quick to take a seat.

The European Council president broke nearly a full day of silence on Wednesday by writing on Facebook that he realised that the scene gave “the impression that I was oblivious to this situation”.

But Michel blamed it on a “protocol blunder” by Turkey that he and von der Leyen decided to overlook at the time.

The two EU leaders “chose not to worsen it by making a public incident”, Michel wrote.

“I am sad that this situation eclipsed the major and beneficial geopolitical work that we carried out together in Ankara, and of which I hope Europe will reap the benefits.”

Von der Leyen herself used a post-summit press conference to stress that she had a detailed discussion with Erd­ogan about women’s rights.

“I am deeply worried about the fact that Turkey withdrew from the Istanbul Convention,” she said.

European Commission spokesman Eric Mamer said the incident had “sharpened her focus on the issue”.

But Cavusoglu said Turkey knew perfectly how to follow diplomatic protocol and was simply complying with the instructions of a planning delegation sent by Brussels. “Turkey is a well-established state that hosts guests often and at every level,” he said.

Published in Dawn, April 9th, 2021

EU condemns violence in Northern Ireland

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EU condemns violence in Northern Ireland

BRUSSELS, April 8 (Xinhua) — The European Commission on Thursday strongly condemned the violence in Northern Ireland, the United Kingdom.

“We condemn in the strongest possible terms the acts of violence that have occurred in Northern Ireland over the past days. Nobody has anything to gain from this. We call on all those involved to refrain immediately from these violent acts,” declared the commission’s chief spokesperson Eric Mamer on Twitter.

Leaders of Britain and Ireland also called for an end to the riots. “The way to resolve differences is through dialogue, not violence or criminality,” said British Prime Minister Boris Johnson.

“I utterly condemn the violent attacks on police, a journalist, and bus driver over recent days in The North. Now is the time for the two Governments and leaders on all sides to work together to defuse tensions and restore calm,” tweeted Irish Prime Minister Micheal Martin.

The Northern Ireland Executive also said Thursday that it is “gravely concerned” by the recent riots in the region in which more than 50 police officers have been injured.

Riots erupted last week in Belfast, Northern Ireland between nationalists, loyalists and the police over the Northern Ireland Protocol, a post-Brexit trading arrangement which they claim has created barriers between Northern Ireland and the rest of Britain.

The latest development followed several nights of unrest in loyalist communities amid tensions over the Protocol within the Brexit deal between Britain and the European Union.

The Protocol, as an integral part of the Withdrawal Agreement, was ratified by both the European Union (EU) and Britain and has been in force since Feb. 1, 2020.

“The protocol was agreed to protect peace and stability in Northern Ireland, to protect the Good Friday and Belfast agreement, to protect North-South cooperation, to avoid a hard border,” said European Commission spokesperson for EU-UK relations Daniel Ferrie.

On March 31, the European executive arm received a draft UK-EU work program from the UK, following the bloc’s request to be provided with “a credible roadmap with clear deliverables and milestones for the implementation of the protocol,” said Ferrie.

The document is currently being reviewed by the European Commission, and contacts at the technical level have been established between the two parties, he added.