PRESS RELEASE - 9

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August 2014 - Abu Dhabi, UAE
Emergency Funds pledged for large scale
economic programs
Gill Wallace Hoe has bee! lea"i!g a! i!te#!atio!al,
ublic, #i$ate, citi%e! a#t!e#shi to &u!" the t#a!sitio!
&o# '(outh, 'o#ha!s, ')o*e! a!" 'Re&ugees ac#oss
'+i""leEast a!" 'Easte#! Eu#oe,
-he U. has calle" &o# e*e#ge!c( #esou#ces to be
*obili%e" to scale u the i!te#!atio!al #eso!ses,
+a!( &u!"s i! +i""le East a#e bei!g hoa#"e" at the sa*e
ti*e hu*a! su/e#i!g is at a! all-ti*e high,
-he G20 Polic( .ote has as0e" &o# cooe#atio! to hel all
e*e#gi!g eco!o*ies o! a *ic#o-eco!o*ic le$el,
-he U. 1!!o$atio! i! 2i!a!ci!g Polic( sig!e" b( 193
Wo#l" lea"e#s is bei!g ut i!to #actice to #elease billio!s
o& "olla#s &#o* the 456 t#illio! o& 7a#0e" cash8 that is
hoa#"e" i! the 7sha"o) ba!0i!g s(ste*8,
-he 2S9 :2i!a!cial Stabilit( 9oa#"; to < #io#ities i!clu"e=
“transforming shadow banking to transparent and
resilient market-based fnancing“
A percentage of Funds in 45 banks across 12
countries have been pledged to solve some of
these emergency situations.
1;$5.4 billion for !AE to #e$e!t 24,000> e?-at
chil"#e! loosi!g thei# e"ucatio! ac#oss 'UAE b( 1@
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August 2014, ai# tic0ets &o# 30,000 o$e#sta(s to
#etu#! ho*e a!" A!a!cial suo#t &o# 100,000
&a*ilies B co*a!ies t#ae" bet)ee! o$e#seas
Go$e#!*e!ts a!" 'UAE Go$ s(ste*s,
2;$1.1" bn for #$%&A' to e*o)e# <90,000
u!e*lo(e" (outh to hel the 'Re&ugees,
<;$(.2 bn for !)%A*'E to a( Gas 9ill to 'Russia i!
#etu#! &o# a PEACE Ag#ee*e!t,
4;$"5 bn for E+,-. to sta#t 2@ *illio! *ic#o-
e!te##ises &o# u!e*lo(e" (outh to al( thei#
tale!t, s0ills a!" e!e#g( to #e-buil" the Eco!o*(,
Hoe sai" D1t is !ot a sho#tage o& cash, it is lac0 o&
i*agi!atio!, the#e is 456 t#illio! that )e ca! i!$est i!
Hu*a! Assets to *a0e ou# eco!o*ies st#o!g at the
g#ass#oots le$el usi!g *ass collabo#atio!D
Gill Wallace Hoe
+ED1A 1.-ERE1EWS= >961 @@2 <95 313
-W1--ER= A*bassa"o#Hoe
E+A1L= hoeFhoe,gs
'G20 'U. '1!$est*e!t 'Hu*a! Assets 'Gouth 'Wo*e! 'Re&ugees
'H#ha!s '1+2 'Wo#l"ba!0 '9R1CS '.e)De$elo*e!t9a!0 'Social
De$elo*e!t '1!!o$atio! i! 2i!a!ci!g '2S9
'EGGP- 'UIRA1.E 'UAE 'JHRDA.
FA*bassa"o#Hoe 'GillWallaceHoe FC.. F9ec0( FA*a!ou# F99C
F2#a!ce24 FReute#s
-he to 6 So$e#eig! Wealth 2u!"s i! 'UAE ha$e o$e# 41
t#illio! o& cash a!" assets, E$e#( i!$est*e!t is li!0e" to
la!" a!" #oe#t(, 1!$esti!g i! Hu*a! Assets a!" Social
De$elo*e!t is !ot see! as a ositi$e RH1 a!" RHH,
So$e#eig! Wealth 2u!"s b( Ra!0i!g

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