News from the Ministry of Foreign Affairs of Denmark

Russia and Belarus suspended from Council of the Baltic Sea States

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The members of the Council of the Baltic Sea States (CBSS) – Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Norway, Poland, Sweden and the European Union – have decided to suspend Russia and Belarus from further participation in the Council’s activities in response to the unprovoked and illegal military aggression now being waged by Russia, assisted by Belarus, against Ukraine, the Ukrainian people and the country's authorities.

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Shareholder Statement on the MDB Callable Capital Exercise16.4.2024 15:51:06 CEST | News

Issued by: United States, Japan, Germany, France, United Kingdom, Italy, India, Republic of Korea, Spain, Australia, Netherlands, Switzerland, Belgium, Denmark, and New Zealand The G20 Independent Review of Multilateral Development Banks’ (MDB) Capital Adequacy Frameworks (G20 CAF Review) provided thoughtful recommendations for boosting MDB financial capacity by stretching existing resources and pursuing innovative measures. The G20 Presidencies of Italy, Indonesia, and India were all key to launching and driving forward the G20 CAF Review. The implementation of several of its recommendations by the MDBs has already generated significant additional MDB financing capacity. In a strong demonstration of our support for the MDBs[1], shareholders have collectively committed a combined $796 billion in callable capital to these institutions, which can be drawn on or “called” in the extremely remote scenario that an MDB is unable to meet its financial obligations. In the 80 years since the Bre

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