AGP Executive Report
Last update: 3 hours agoNonprofit Finance Training: Brattleboro Development Credit Corporation’s Southern VT Economy Project will host “Financial Strategies for Strong Nonprofits” on Sept. 23 in Wardsboro, focusing on budgets, true-cost planning, and business plans to diversify revenue. Public Finance Stress Tests: A study finds Virginia avoided all eight state-level financial warning signs, but several local governments and school systems flagged issues, including Fairfax and Chesterfield schools with high liabilities. Iraq Budget Crunch: Iraq’s finance minister asked to appear before parliament to explain the financial crisis after a shortfall disrupted payments to employees, pensioners, and welfare recipients. Islamic Banking Awards: QIIB won two Global Business and Finance Magazine Awards for shariah-compliant innovation and corporate Islamic banking services. Wealth vs. Bank Deposits: BlackRock CEO Larry Fink renewed his pushback on leaving money idle in bank accounts, arguing investing is key to long-term wealth building. Visa Bonds as a Wealth Filter: Grenada’s visa-bond requirement for U.S. visitor visas is becoming a de facto wealth test, with families needing to post large refundable sums. Financial Governance Clash: India’s Bar Council chairman Manan Kumar Mishra says he’ll step down only if BCI financial irregularities are proven, after allegations from a co-chairman. UAE Off-Plan Home Finance: DIB launched a shariah-compliant off-plan home finance product that ties tranche payments to developer milestones, aiming for flexibility during construction. Local Audit Moves: Peoria Public Schools will hire an outside firm to audit two school years after missing audits, as the district works to reconcile accounts.
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