In response to a question regarding investments within the EU, Officers advised that although one fund in Luxembourg had closed the Council’s Treasury Management Advisors did not anticipate any further problems but that the situation would continue to be monitored.
It was RESOLVED:
1.
That Council be
recommended to approve the 2020/21 Treasury Management Mid Year review.
2.
That Council be recommended to approve the latest
approved Countries for Investments list (Appendix D to the
report).
3.
That the updated authorised and operational
borrowing limits be approved (Paragraph
4.4.7 in the report).