Comments are closed. LettersOn 9 Oct 2001 in Personnel Today This week’s lettersAt the launch of Personnel Today’s Refugees in Employmentcampaign in June, we wrote to Immigration Minister Lord Rooker. Here is hisfull responseRefugees must be able to reach their potentialThank you for your letter of 6 July asking me to respond to a campaignlaunched in Personnel Today in July which aims to assist refugees andasylum-seekers gain employment. I believe that it is important to remember that there are fundamentaldifferences in the terms “refugee” and “asylum-seeker”.Refugee applies to those who have received a positive decision on theirapplication for asylum. The term also includes those whose application for asylum has been refusedbut who have been granted leave to remain on humanitarian grounds. Refugees are able to work. They are issued with a letter confirming thegrant of this status and the letter makes it clear that they are able to work. We have been working closely with a number of refugee groups and othervoluntary organisations, particularly the Employability Forum, to enhance theway in which these letters express that refugees have permission to work. Webelieve that this will help to ensure that potential employers are clear thatpeople from this group have no barriers preventing them from taking upemployment. In terms of the broader issues facing refugees seeking employment andtraining, we have established a National Refugee In- tegration Forum to overseethe implementation of a national integration strategy. This forum bringstogether key policy-makers from central Government, local authorities, thevoluntary sector and refugee groups themselves. We believe that it is essential that refugees are given the chance toachieve their full potential in the UK and we consider that the attainment of employmentis a key factor in this process. A sub-group of the forum has therefore beenset up to look exclusively at matters surrounding employment, training andadult education. The Employment, Training and Adult Education Sub-group has been tasked to addressthe difficulties that refugees have in entering the job market. Membership ofthe sub-group has been drawn from key stakeholders in the voluntary, public andprivate sectors. Issues that the sub-group are presently addressing include: – Monitoring data on the profile of refugee job-seekers – Reviewing the provision of English language training – Recognition of overseas qualifications – The promotion of refugee employment among employers – Consultation with the Department for Work and Pensions over thedevelopment of a policy on refugee employment The term “asylum-seeker” refers to those who are still awaiting adecision on their claim for asylum. Generally speaking, those in this group areallowed to work only if their conditions of stay do not preclude this. There is a concession which allows adult asylum-seekers to apply forpermission to work if their application remains outstanding for longer than sixmonths without a decision being made on it. Permission to work is granted on the standard acknowledgement letter whichis issued to all asylum-seekers. Section 8 of the Immigration and Asylum Act makes it an offence for anemployer to employ a foreign national who does not have permission to workhere. Guidance is available to employers who wish to satisfy themselves that theperson they are considering employing can work here. We are keen to ensure that employers do not inadvertently discriminateagainst refugees and those asylum-seekers who are allowed to work. We believe that employers should ask the same questions of all potentialemployees in order to establish their eligibility to take employment. We have no plans to establish a database of skills for asylum-seekers. Inmany cases the asylum application will be finally determined as unsuccessful.In these cases the person concerned is expected to leave the UK. We believe it is far more important to use our available resources to assistthe integration for those granted refugee status. As a team of new Home Office Ministers we have been actively exploring arange of options for change and hope to be able to make some announcementsduring the autumn. Jeff Rooker Minister of State, The Home Office Related posts:No related photos. Previous Article Next Article
Beau Lund Written by FacebookTwitterLinkedInEmailiStock(NEW YORK) — Here are the scores from Thursday’s sports events:NATIONAL BASKETBALL ASSOCIATIONBoston 108, Charlotte 87San Antonio 121, Oklahoma City 112Miami 124, Phoenix 108L.A. Clippers 107, Portland 101NATIONAL HOCKEY LEAGUENY Rangers 4, Carolina 2Washington 5, Florida 4 — OTPittsburgh 4, NY Islanders 3 — OTPhiladelphia 3, Montreal 2 — OTToronto 2, Vegas 1 — OTOttawa 3, Los Angeles 2 — OTChicago 5, Vancouver 2Calgary 5, New Jersey 2Colorado 9, Nashville 4Columbus 3, Arizona 2 San Jose 5, Minnesota 5NATIONAL FOOTBALL LEAGUEOakland 26, L.A. Chargers 24 Copyright © 2019, ABC Audio. All rights reserved. November 8, 2019 /Sports News – National Scoreboard roundup — 11/7/19
Home » News » Housing Market » Sharp rise in new home registrations previous nextHousing MarketSharp rise in new home registrationsMore than 40,000 new homes were registered in Q1 2015, up 18 per cent year-on-year, says NHBC’s Mike Quinton.PROPERTYdrum1st June 20150513 Views Over 40,000 new residential properties were registered in the UK during the first three months of the year, a rise of 18 per cent compared to the corresponding period last year, the latest figures show.New house building data released by the National House Building Council (NHBC) for the first quarter of this year reveal that in total, 40,281 new homes – 30,691 private sector; 9,590 public sector – were registered.This represents a year-on-year rise of 26 per cent for the private sector, with the public sector falling slightly by just 1 per cent.In March alone, the figures show that 17,210 new homes were registered (13,068; 9,051 private sector; 4,017 public sector), up by almost a third on the corresponding month in 2014.NHBC Chief Executive, Mike Quinton (main pic), said, “Our figures show an encouraging start to 2015 with new housing registrations up 18 per cent on the first quarter of last year. Housing growth levels remain strong across virtually every part of the UK.“However, we have made clear that the UK is still building way below the volumes of homes that we need. NHBC looks forward to working with government to ensure that high quality new housing is a top priority.”Andy Frankish (left), New Build Director at Mortgage Advice Bureau (MAB), agrees that overall, the latest house building figures make for very encouraging reading.He commented, “The first quarter of 2015 has seen a significant increase in housing starts compared to both Q4 2014 and this time last year, which is good news for the industry and consumers alike. The fact, that there are now more starts than at any point since the start of the recession hopefully shows this is the beginning of a sustained period of growth for UK housebuilding.”Housing completions have also increased alongside starts, suggesting the pressure on housing supply may begin to be alleviated in the short-term as well as the long-term.However, despite the upturn, both housing starts and completions remain below their 2007 peak, and if the existing rate of house building is maintained rather than improved upon, developers will deliver less than 200,000 new homes per year.“Despite these increases we are still a long way from delivering the number of homes the country needs,” said John Stewart, Director of Economic Affairs at the Home Builders Federation.He added, “Significant constraints remain, and if the Government is to deliver on its manifesto commitment to further increase build rates we now need to see more action. Maintaining the Help to Buy scheme to 2020 is absolutely essential, as are policies to increase the speed at which land for housing comes forward through the planning system.”Meanwhile, developers north of the border have vented their frustration at the fact that Help to Buy funds have run out in Scotland – putting them at a major disadvantage to those house builders in England and Wales.Industry body Homes for Scotland (HFS) last week expressed annoyance on behalf of its members at news that the Scottish Government’s hugely successful Help to Buy (Scotland) shared equity scheme for larger home builders has almost exhausted the budget for its final 2015/16 year of funding.The organisation’s reaction comes less than a week after the Scottish Government published figures demonstrating that demand for the scheme that has already resulted in 5,000 sales worth £1 billion.HFS Chief Executive Philip Hogg (right) said, “The Help to Buy (Scotland) scheme has been a real game-changer for our industry, stimulating the construction of much needed new housing following the 40 per cent plus drop in building witnessed since the downturn and creating vital jobs.“However, it has been clear for many months that the budget was insufficient to meet demand.“With no details or firm commitment on any future support forthcoming, buyers and builders here are now at significant disadvantage to those south of the border and face months of uncertainty whilst the Scottish Government decides whether or not to launch a successor scheme.”home registrations new residential properties NHBC housing growth June 1, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021
Update: This event has been postponed until Saturday (April 11) after the Doo Dah Parade, due to wet ground at the Ocean City Tabernacle. The Olympics will be held at the practice field on the beach block of Sixth Street near Ocean City High School.Ocean City’s annual display of high energy and athleticism — the Basset Hound Olympics — returns to the grounds of the Ocean City Tabernacle at 1 p.m. Friday (April 10).The Spring Games are a precursor to Saturday’s Doo Dah Parade, in which more than 500 bassets make up the “tail” end of the procession.The good-natured event includes the short-legged hounds leaping over hurdles, navigating obstacle courses, sprinting and competing in other events.The venue is set up near the intersection of Sixth Street and Asbury Avenue, and the Olympics are free to watch.Also on Friday, Dr. Joel Goodman, creator of the Humor Project of Saratoga Springs, N.Y., will present a program on the benefits of humor at 2 p.m. at the Ocean City Free Public Library, 17th Street and Simpson Avenue. Goodman has given such programs on all seven continents of the world and for many major corporations and government agencies. Admission is free.Goodman returns to Ocean City for the 11th time as part of the annual Doo Dah celebration.His presentation promises to teach about:The Steve Allen Principle: The secret to finding humor in life and to preventing hardening of the attitudes.Reasons why you should be very serious about humor: And how humor might increase the quality and quantity of your lifeMaking sense of what gets in the way of developing your sense of humorThe magic of humor as aikido to turn negative situations into laughing mattersThe bottom (funny) line of humor: The art of laughing at yourself The annual Basset Hound Olympics for 2015 are scheduled for 1 p.m. Friday, April 10, on the grounds of the Ocean City Tabernacle at Sixth Street and Asbury Avenue in Ocean City, NJ.
Greensky Bluegrass rang in the New Year with two stellar shows at the Royal Oak Music Theatre, returning to the Royal Oak, MI venue for a fun-filled celebration. Over two nights, Greensky welcomed special guests and played their prized original material, with some choice covers tossed in as well. Riding high after the release of their 2016 album Shouted, Written Down & Quoted, Greensky settled in and truly delivered. With a New Year’s countdown inside Prince’s “1999”, covers of Pink Floyd, Traffic, JJ Cale and more, these were two unforgettable shows.Fortunately, thanks to taper Todd Moore, we can listen back and enjoy these two great shows. Check them out below!
The Daily Gazette Sign up for daily emails to get the latest Harvard news. GAZETTE: What motivated you to take the next step of pursuing a novel?LEUNENS: Though I had contracts and thus secure income writing screenplays, after several years I became frustrated as no film was actually being made out of them. I increasingly realized to what extent film was a collective art: A producer would get a director or actor attached to the project, and they’d have me change the script in ways I felt weren’t as good. I eventually declined another film-writing contract to instead write my first novel, even if it meant that with no contract, I had no safety net. It was a crazy risk that today I’m very glad I took.GAZETTE: Was there a seminal moment or a course while you were here that motivated you to expand your learning opportunities?LEUNENS: In 1998 I took James L. Kugel’s class in American Jewish Literature, which was instrumental to being able to later write “Caging Skies.” Without his class, I don’t think I would have been able to write the main Jewish character of Elsa as I did, and there would be no film of it out today. I also took former Division of Continuing Education Dean Michael Shinagel’s [class in] studies in the English novel in 2003. He focused on the moral center of novels, critically analyzing the words and acts of characters (and real people too) — invaluable in writing and in life in general. And last, in Robert Scanlan’s course in contemporary American drama in 2004, he made us read each given play seven times, repeating that he knew we’d hate him by the fifth time, but only then could we start to see all the seams and stiches. I still remember how he made us write these précises, where we had to sum up everything important that happened in a play in a draconianly low word count — was it 250 words? Whenever a publisher or my agent now tells me to shorten a manuscript, to get rid of “all the dead wood,” I think of Professor Scanlan and know it can be done. There’s always a word to trim!GAZETTE: How did you come up with the premise for “Caging Skies”?LEUNENS: There was some personal family history. In World War II my grandfather had been taken into a Nazi labor camp, and from 1998 to 2006 my husband was managing events and public relations at the Memorial Museum de Caen near the landing beaches in Normandy. In Paris, I’d become friends with an elderly woman whose family had hidden a Jewish man from Poland behind a fake wall in their home during World War II; she fell in love with him and once the war ended, they married. After “Primordial Soup,” I was looking for a new idea, and I couldn’t get the vision of their budding relationship out of my head, she and he communicating through a wall. For some reason I preferred it to be a young woman in hiding rather than a man, and then when I asked myself, “What if the one to discover her would be a member of the Hitler Youth?”, scenes began to spontaneously emerge out of that combustible mix, and I knew that this would be my next novel.GAZETTE: Your book has now been made into an award-winning film, “Jojo Rabbit,” written and directed by New Zealander Taika Waititi. Can you tell us about how this all came to be?LEUNENS: Taika’s mother read the book when it was published in New Zealand in 2008 and loved it. She kept trying to get Taika to read it. He kept repeating that he was too busy to, but thankfully she persisted until finally he gave in, read it himself, and knew it really was a story he wanted to adapt into film. When he contacted me, the first thing I did was go and see his films, “Tama Tū,” about soldiers from the Māori battalion in World War II; “Two Cars, One Night,” another short film, nominated for an Oscar; then “Boy,” playing at the cinemas at the time. These films won my trust. I felt that my story would be in competent hands with him. He was masterful in navigating the fine line between comedy and drama, and just as importantly, he knew how to direct children, something supposedly even harder to direct than cats!GAZETTE: What is your advice for aspiring writers looking to take that next step?LEUNENS: Find your own uniqueness in voice, writing style, and stories. Like you have your own unique fingerprint, iris pattern, and DNA, so does your writing, the way you will put words together, then sentences, and ultimately shape a whole book. Initially you won’t necessarily know what it is, but you’ll discover it over time. Be true to yourself, your gut feeling. Don’t try to guess what people will want, think, or like. Write, then see if what you wrote fits into the market. Hopefully, with due persistence, it will, and if it doesn’t, then adjust as little as absolutely necessary to get it there. EDITOR’S NOTE: “Jojo Rabbit” received six Oscar nominations on Jan. 13, including best picture; best supporting actress in a leading role, Scarlett Johansson; as well as best adapted screenplay; production design; costume design; and film editing. The Oscars will air live on Feb. 9 at 8 p.m. on ABC.Christine Leunens will be paying close attention to the Golden Globe Awards Sunday. That’s because “Jojo Rabbit,” based on her award-winning second novel, “Caging Skies,” is up for best picture honors — and is considered a likely Oscar nominee as well. Like the 2008 book on which it is based, Taika Waititi’s darkly satiric film is set in World War II Germany and follows a member of the Hitler Youth who protects and befriends a Jewish girl.A successful former print model, Leunens, A.L.M. ’04, published her first novel, “Primordial Soup,” in 1999. While finishing that book she felt a drive to learn how to delve deeper into the minds of her characters and the themes she was exploring. So Leunens, who had a bachelor’s in French from the University of North Carolina, decided to seek a master’s in English and American literature at Harvard Extension School after concluding that “reading books on my own, however many, wasn’t going to adequately prepare me for the marathon that writing novels was going to be; and that studying great works of literature would allow me to go further in the long run.”Leunens described her time in Cambridge as one that was deeply rewarding, personally and professionally — some of her classroom work, in fact, provided invaluable background for “Caging Skies.” Recently Leunens took a break from her Golden Globe preparations to speak to the Gazette from her home in New Zealand about her writing and the story behind the movie.Q&AChristine LeunensGAZETTE: How did you know that coming here to write was the right decision to propel your writing talents forward?LEUNENS: When I returned to France after the first term in 1998, I sent my manuscript to a U.K. publisher and, beginner’s luck, got an offer of publication three weeks later. What I didn’t know was that it wouldn’t be until the fifth draft that it would finally be published, almost a year later — so four more drafts to go. However, having studied novels inside out at Harvard Extension School in the meanwhile, I could approach these rewrites with a clearer head, a sense of purpose, and more confidence.GAZETTE: Were you always a writer?LEUNENS: I believe I was always destined to be one, having been excessively bookish from an early age. My mother kept saying, “Why don’t you go out and play instead of ruining your eyes reading all day?” My grandfather, a Belgian artist, insisted that I was going to be a writer. He said he could tell from my 20-page letters to him. Ironically, however, I first worked as a print model, the diametric opposite of a writer. As I posed for magazines and fashion ads, it was as if I was mute. All I could express was a limited range of emotions with merely my face, the main attention on my physical appearance. From there, it was such a relief not to be seen at all or judged by what I looked like, so refreshing to express complex thoughts and true feelings through writing alone. “Whenever a publisher or my agent now tells me to shorten a manuscript, to get rid of “all the dead wood,” I think of Professor Scanlan and know it can be done.”
2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Henry MeierYesterday brought us another example of the CFPB at its best. It proposed several amendments to its mortgage rules that will make it easier for institutions to quality as small creditors for purposes of the mortgage rules. This designation is important because it is easier for smaller institutions to make qualified mortgages than it is for their larger counterparts. For example, small creditors aren’t subject to stringent debt to income ratio requirements.Under existing law, to qualify as a small creditor an institution must make 500 or fewer mortgages in a calendar year and have $2 billion or less in assets. The CFPB is proposing to raise that threshold from 500 to 2,000 mortgages. In addition, creditors that reach the magical 2,000 threshold will be given a grace period so they have time to adjust to the tougher QM standards.In addition, according to the preamble, the Bureau’s proposal “also makes the limit applicable only to loans not held in portfolios by the creditor or its affiliates.” This clarifies that a loan transferred by a creditor to its affiliates does not count toward the threshold limit as long as the affiliate doesn’t subsequently sell the mortgage. The proposal also expands the definition of rural areas, which is helpful for QM purposes. On the negative side, the proposal would include the assets of a creditor’s mortgage originating affiliate(s) for purposes of calculating the $2 billion threshold. continue reading »
During a press conference last month to announce Microsoft’s acquisition of Nokia, Nokia CEO Stephen Elop ended his speech saying, “we didn’t do anything wrong, but somehow, we lost.” Upon this conclusion, he and the entire management team publicly wept.Nokia was a strong corporation. Incorporated in 1865, it became one of the biggest corporations in the world. What happened? I believe the simple answer is that a dynamic, evolving marketplace outpaced company leaders’ strategic thinking.I wonder how many consolidated credit union boards and CEOs felt the same way on their way out – a fair number, I suppose. I don’t envy them their positions. I wouldn’t want to be the one who had squandered a long legacy of relevancy because I failed to think and adapt strategically. It’s sad really, considering some of the credit unions that are going away have been around for nearly 80 years. Eighty-years of helping members, creating good jobs and supporting communities…gone. Charters no longer relevant, and no longer able to compete and win in today’s marketplace.Operationally obsessedI see it all the time: operationally obsessed leadership. Good people with good intentions who are micro-focused on the operational issues of the day, so busy managing processes and “doin’ the doin’” that they spend little if any time thinking strategically.It’s sad, but true. Many credit unions have become so focused on making sure they don’t do anything wrong, e.g., maintaining (and measuring) perfect practices to support policies, zero loan exceptions, great exams, etc., that leaders spend very little time focusing on what’s going on around them. Many of these operationally obsessed credit unions are dying a slow death. They are probably well-capitalized (legacy equity), risk-adverse credit unions who are managed, but not led. Their leaders are focused on managing to operational systems and processes, but they are not strategic or entrepreneurial. These are the credit unions with very thin margins that have ceased to grow in a meaningful way. If they disappeared tomorrow, their members would have countless other options available to meet their needs. These credit unions have become good at managing processes and, like Nokia, they haven’t done anything wrong, but they have become irrelevant and they have lost.I get to work with a broad range of credit unions, some that fit in with the operationally obsessed group and some that are very strategically focused credit unions. I’ve seen small- to medium-sized examples from both groups. I have small-credit-union clients who are amazing strategic thinkers and planners. It’s easy to tell the difference between the two paradigms. One group is just surviving, while the other group is thriving with remarkable results.Assess yourself and your team, asking where you focus most of your energy: operationally focused, making sure you don’t do anything wrong; or strategically focused, making sure you’re aware of your surroundings, planning ahead in the right direction.Look at where you spend most of your time. Review past board (or management team) minutes and identify how much meeting time is focused on:Clear strategic priorities versus conversations about operational things, such as a $300 marketing expense;Justifying why things won’t work versus conversations about how the world is changing, and how the credit union must adapt to survive;Consistently rewarding operational (process) excellence versus rewarding entrepreneurial and strategic excellence (it’s okay to reward both, but your team knows what their leader really values – make sure it’s thinking strategically).To survive and thrive, your thoughts and mindsets must be strategically focused. The primary goal is to serve our membership and, over the long term, the only way we can ensure that we do it is to be more focused on remaining relevant and less focused on making sure we don’t do anything wrong.More than ever, the world we operate in is in flux. Things that worked yesterday and may be working today will be replaced by the realities of tomorrow. Your mindset and receptiveness to change is in your hands.Don’t get me wrong, I know how important operational processes and clean exams can be. I’m not proposing that we overlook those things. However, if your shop is more concerned with getting a clean exam and less concerned with a negative loan/membership trend, you might need to refocus your priorities. I don’t have the numbers, but I’m guessing that more credit unions are merged because they lack relevancy then for non-compliance to a regulation.Those of us who constantly think strategically and have the discipline to adapt as needed are strengthening their relevance and will leave their space better when they step aside. The only tears from this group will be from the pride they feel for their contribution and leaving their credit union and their team better than they found it. Scott is the Principal of Your Credit Union Partner, PLLC.Your Credit Union Partner (YCUP) is a trusted advisor to the leaders of more than 100 credit unions located throughout … Web: www.yourcupartner.org Details 344SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Scott Butterfield
CUNA’s compliance staff has received questions about what the Fair Credit Reporting Act (FCRA) says about credit unions being allowed to pull credit reports for cross-selling purposes. According to compliance staff, credit unions are not allowed to do so, with one limited exception.Credit reports only can be obtained if the user has a “permissible purpose,” as defined the FCRA, and a credit report cannot be obtained for a permissible purpose (in connection with a loan application) and then used for an impermissible one (cross-selling additional products and services).Section 604(a) of the FCRA allows a credit bureau to release a consumer report to a credit union when authorized in writing by the consumer to whom the report relates, or when the credit bureau has reason to believe that the credit union intends to use the information: continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday it was “very likely” the Fund would cut global growth forecasts further as the coronavirus pandemic was hitting many economies harder than previously projected.”Incoming data from many countries is worse than our already pessimistic projections,” Georgieva said during a webcast conference sponsored by the Financial Times. “Very likely we are going to come up with the update to our projections some time in June, and at that point … our expectation is that there would be a bit more bad news in terms of how we see 2020.”The IMF forecast a month ago that business closures and lockdowns to slow the spread of the virus would throw the world into the deepest recession since the 1930s Great Depression, with gross domestic product output shrinking 3% in 2020. Topics : Under the IMF’s baseline scenario, which called for effects of the pandemic to fade in the second half of the year, it predicted growth would rebound to 5.8% in 2021. But the Fund also said at the time its forecast was precarious and depended on incoming data.The United States lost 20.5 million jobs in April with the unemployment rate at 14.7%, and some U.S. officials have said that May jobs data could be worse.The IMF typically revises its World Economic Outlook forecasts in early July. Georgieva said the worsening data was also likely to mean that emerging markets and developing economies would need more than $2.5 trillion in additional financing to grapple with the pandemic.The IMF’s previous estimate of that amount — from both internal country resources and external financing — was “on the lower end,” she said. Georgieva expected that number to be revised upward when the IMF released its new global economic forecasts.A month after the IMF and World Bank Spring Meetings, Georgieva said IMF members still lacked agreement over an issue of new IMF Special Drawing Rights, a step last taken in 2009 that would provide hundreds of billions of dollars in new liquidity for all IMF members, rich and poor.But members would continue to review liquidity needs and IMF resources, she said.”During our spring meetings, it was very clear the membership said, ‘Everything is on the table. Let’s see how this crisis evolves in the future.'” Debt sustainability remained a major concern, she said, and countries needed to build more resilient economies to be able to weather crises in the future.Georgieva said the IMF was “very keen” to support Argentina as it deals with both the coronavirus crisis and its unsustainable debt level.The IMF chief said she was convinced the current Argentine government was working earnestly to address the debt problems.”What I see in Argentina is actually a government that wants to do the right thing for its own people, and for its role in the region, (and) in the world economy,” Georgieva said.