One in eight still lives in a slum in the region; so there is tremendous scope for collaboration between governments, businesses and civil society to improve the situation,” said Rick Hathaway, Vice President for Asia-Pacific, Habitat for Humanity International. He added: “The traditional approach to tackling poverty housing by simply building more homes is one dimensional and limiting. Solving the problem requires addressing affordability of housing finance, climate change and disaster resiliency, land rights inequality, infrastructure planning, basic services provision, sustainable livelihoods, and adoption of green solutions. These are touch points that will be up for discussion at the forum.” Among the confirmed participants are key policy makers, business titans, and thought leaders from humanitarian agencies and research institutions. They include Jejomar Binay, Philippine Vice President; Alicia Bala, Deputy Secretary of ASEAN; Senator Loren Legarda, member of Philippine Senate; Henry Cisneros, former US Housing Secretary and Founder/Chairman of CityView; Nestor Espenilla, Deputy Governor, Bangko Sentral ng Pilipinas; Mr.
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Schaeuble was quoted as telling Germanys Handelsblatt daily that the prospect of further aid is being held out on condition that Greece fulfills its obligations and in the expectation that this will be about far smaller sums than to date, because Greece will then already have a primary surplus. He said he cant name any specific figures or measures and that decisions will have to be made next year, but again rejected the idea of a second debt writedown for Greece following a massive debt restructuring deal agreed with private sector bondholders last year. Asked where the money for a further Greek aid package would come from, Schaeuble said that hasnt been decided but noted that the eurozones rescue fund, the European Stability Mechanism, is far from exhausted. Germanys opposition has seized on Schaeubles comments about Greece to attack the governments credibility ahead of Sept. 22 elections. But officials are insisting the minister was really saying nothing new, noting that they have long said more aid was likely. Schaeuble said it was nonsense to assert that he was hiding anything.
German finance minister: future aid to Greece will be much smaller than existing bailout deals
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Finance Ministry all ears as banks line up plans to boost forex inflows
Also, their overseas branches can offer leverage to NRI clients,” said a treasurer with an MNC bank. The FCNR (A) scheme allowed banks to park foreign currency deposits with the RBI in return of equivalent rupee deposits. A variant of this today could be in the form of RBI agreeing to subsidise the hedging cost by offering a rate that’s less than the forward premium in the market. Since the Fed announced its decision to scale back bond purchase, India’s foreign exchange reserves have dipped $13 billion to $278.8 billion while rupee has weakened by 12%. Suggestion like an NRI bond issuance similar to Resurgent India Bonds and shortterm NRI deposits were also made by the bankers.