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As Los Angeles prepares for transformative infrastructure investments and major events in the coming years, our latest executive directive overhauls outdated review processes, enabling faster decision-making and stronger financial management, without compromising oversight or accountability. Let's move LA forward.

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Impact After Term | 05 : Special Initiatives of the Finance Department | 01 : Special Task Force — Identifying & Recovering Unutilised Public Funds Even before assuming office as Minister for Finance & Human Resources Management, Dr. Dr P Thiaga Rajan (PTR) consistently advocated stronger accountability and efficiency in public finance management through his interventions in the Tamil Nadu Legislative Assembly, as a member of the Public Accounts Committee and as the Opposition MLA who regularly initiated the Assembly's general discussion on the Budget between 2017 and 2021. After the DMK Government assumed office under the leadership of Thiru. M.K.Stalin, one of the administration’s central priorities was ensuring that public funds allocated for welfare and development were efficiently utilised and properly monitored. In the 2021–22 Budget, the Government announced a Special Task Force (STF) to identify dormant and unutilised government funds parked in bank accounts outside treasury oversight. The STF undertook a large-scale reconciliation exercise involving government departments, public institutions, district administrations, and banks across Tamil Nadu. Alongside this, a dual-track survey and verification mechanism was introduced to systematically identify dormant and unutilised public funds across fragmented financial accounts and institutions, while also strengthening transparency and fiscal oversight. Within the initial phase itself, nearly ₹2,000 crore in idle public funds was identified and recovered. According to the Tamil Nadu Government’s 2026–27 Interim Budget, the STF has since examined nearly 11 lakh bank accounts and identified over ₹12,078 crore in dormant and unutilised public funds. Resources that had remained scattered and unmonitored across thousands of accounts were brought back into the public financial system, making them available for welfare programmes, infrastructure development, and other public investments across Tamil Nadu. — Admin Team

Dr P Thiaga Rajan (PTR)

24,580 görüntüleme • 3 ay önce

I welcome the World Bank and IMF press release on Somalia reaching the HIPC Completion Point and thereby qualifying for debt relief today. I congratulate the Somali people on the successful implementation of the ECF reform program without failing once. This success was a cross government effort spread over three Somali administrations. I am very proud that as president from February 2017 to May 2023, the majority of the benchmarks to achieve the Completion Point were met. These include raising domestic revenue, paying salaries monthly without fail, implementing the Public Financial Management law, improving procurement law, and renegotiating many contracts that were against Somalia's financial interests. This got us to the important Decision Point in 2020 that paved the way for the final completion Point today. As we look forward, it is important that: 1. Future debt contracting is a national exercise and decision with strong parliamentary oversight. We must only borrow for nationally agreed investment and not government operational costs. 2. Public investment management is strengthened so that the Somali people get value for money in their public investments. Every investment in Somalia must be done with the public interest at its core. Procurement and concessions must be done transparently and in accordance with the existing laws. Oil and gas remain Somalia's main future assets, and concessions in these areas have to be given special attention. 3. International partners need to continue supporting the economic reforms and capacity building of Somali financial and economic institutions. Somalia remains very fragile despite the economic reform changes. The government must seek development investments and policy changes that can respond to the Somali people's needs. H.E. Mohamed Abdullahi Mohamed Farmaajo Former President of the Federal Republic of Somalia

Abdirashid M. Hashi

38,675 görüntüleme • 2 yıl önce

INFINIT partners with Google and GoogleCloudTech to bring agentic finance to millions. Anyone can access INFINIT's AI Agents for agentic coordination in their financial apps. This partnership marks the first step towards INFINIT becoming the universal infrastructure for agentic finance. This is the foundation for agentic finance at scale. Proven in DeFi, Built for Global Finance INFINIT has proven sophisticated agent coordination in DeFi: • 559,000+ Wallets • 506,000+ DeFi Conversations • 633,000+ Agent Transactions DeFi was the start. Next is scaling these capabilities to millions of developers building the future of agentic finance. A2A Integration Unlocks Exponential Distribution INFINIT integrates with Agent2Agent (A2A), Google's open standard for AI agent interoperability. This transforms how developers access INFINIT's DeFi capabilities.​ Every application adopting A2A automatically gains access to INFINIT's agent infrastructure, exponentially expanding reach from individual partnerships to ecosystem-wide distribution. Any application can now integrate INFINIT's agentic coordination capabilities: • Wallets requiring intelligent portfolio management • Trading platforms executing cross-chain strategies • Financial services building autonomous yield optimization • Portfolio managers coordinating multi-protocol operations Developers integrate sophisticated agentic coordination in a matter of hours, while users access advanced financial strategies with agentic coordination. Google's AI Infrastructure That Enables Agentic Finance Google Cloud's Vertex AI provides the foundation enabling INFINIT's agent coordination at scale with these capabilities:​ 1. Specialization: Vertex AI's Model Garden lets INFINIT's infrastructure to automatically select the optimal LLM for each natural language query.​ 2. Personalization: Vertex AI's RAG Engine processes massive on-chain and off-chain data, enabling agents to understand user history, market conditions, and protocol details providing complete context to AI agents. 3. Accuracy: Gemini's capability feeds complete instructions to all 30+ agents across multiple blockchains without compromises resulting in zero hallucination in financial execution.​​ The Vision: From DeFi to Payments to Complete Financial Coordination This is only the beginning of INFINIT and Google's collaboration.​ Google recently launched its Agent Payments Protocol (AP2) as an extension of A2A - enabling autonomous commerce across 60+ partners including American Express, Mastercard, PayPal, Coinbase, and Revolut.​ Agents will be able to execute purchases, coordinate bookings, and manage delegated financial tasks autonomously, starting from payments. The next stage entails sophisticated agentic coordination beyond simple transactions. INFINIT provides this through A2A-compatible DeFi infrastructure where agents orchestrate: • Personalized yield optimization • Cross-chain liquidity management • Portfolio rebalancing across protocols • Multi-step strategy execution As the agentic payment ecosystem matures, INFINIT becomes the infrastructure enabling agents to not only spend capital, but strategically manage and grow it.​​ From standalone DeFi agents to the universal infrastructure for global agentic finance.​ This partnership and integration with Google and Google Cloud positions INFINIT as a key building block for agentic finance, helping shape a more transparent, efficient, and accessible financial system. The future of finance is agentic. The foundation is INFINIT.

INFINIT

177,142 görüntüleme • 11 ay önce