Tag: Development & Aid

Race to Prosperity as Least Developed Countries Top Agenda at UN Conference — Global Issues

The world’s Least Developed Countries are in a race against time to deliver Sustainable Development Goals by 2030. Credit: Joyce Chimbi/IPS
  • by Joyce Chimbi (united nations & nairobi)
  • Inter Press Service

UNITED NATIONS & NAIROBI, Feb 06 (IPS) – It is a race against time to form a new global partnership to secure a better future for the world’s poorest and most vulnerable nations by 2030 in line with the UN’s SDGs. All 46 countries classified as Least Developed Countries (LDCs) are pressed for time in a bid to deliver critical development goals.

Sub-Saharan Africa has the biggest regional presence within the LDCs group. Countries in other regions include Afghanistan, Haiti and Bangladesh. All battling a common enemy and in dire, urgent need of a concerted global push to accelerate social, economic and environmental development.

With the? Istanbul?Programme of Action for the Least Developed Countries? (IPoA) implementation period completed, a new conference is being held in two parts. The first part of the Fifth UN Conference on the Least Developed Countries (LDC5) led to the adoption of the Doha Programme of Action (DPoA) in New York on March 17, 2022.

Sheikha Alya Ahmed S. Al-Thani. Credit: Twitter

The Permanent Representative of Qatar to the UN, Sheikha Alya Ahmed S. Al-Thani, told IPS that the second part of the conference will be held in Doha, Qatar, on March 5-9, 2023 and is “a unique opportunity for the LDCs, development partners, major groups, and other stakeholders to come together and build momentum for effective implementation of the Doha Programme of Action (2021-2030) and to make concrete commitments that will strengthen global and inclusive partnerships to meet the special needs of the LDCs.”

She further stressed that the conference is “a key moment for the international community to advance true development and recovery that works for all people and all countries and, therefore, reinvigorate global solidarity towards the LDCs. The State of Qatar has a proven track record of responding to the needs and challenges of the LDCs, and it will spare no effort to ensure the success of the Fifth United Nations Conference on the Least Developed Countries.”

With an estimated combined population of 880 million people, translating to 12 percent of the world population, these countries are suffocating under severe structural impediments to growth. At varying levels, all 46 countries are characterized by issues such as poorly developed institutions, low saving rates, low literacy and school enrollment rates.

“I have heard it again and again that – to leave no one behind, we must start with that furthest behind – and for this aspiration to become a reality, the Doha Programme of Action for LDCs offers an excellent package. We all need to work together, to implement this programme of action – the LDCs, their partners and or friends and the UN system,” Rabab Fatima, UN Under-Secretary-General and High Representative for the LDCs, LLDCs (Landlocked Developing Countries) and SIDs (Small Island Developing States) told IPS.

Rabab Fatima, UN Under-Secretary-General and High Representative for the LDCs, LLDCs (Landlocked Developing Countries) and SIDs (Small Island Developing States). Credit: UN

LDC5 is, therefore, a critical once-in-a-decade opportunity to accelerate sustainable development in the places where international assistance is needed the most – and to tap the full potential of the least developed countries, helping them make progress on the road to prosperity.

As such, world leaders will gather with the private sector, civil society, parliamentarians, and young people to advance new ideas, raise new pledges of support, and spur delivery on agreed commitments, through the Doha Programme of Action. It is expected that leaders will also adopt a new Doha declaration.

“The Doha Programme of Action provides a blueprint for LDCs to overcome the impacts of ongoing global crises, to build sustainable and inclusive recovery from the pandemic, and to build resilience against future shocks – to get us back on track on the 2030 Agenda. This can only be fulfilled by strengthening our partnerships through South-South and Triangular cooperation,” Csaba Kőrösi, President of the UN General Assembly, told IPS.

DPoA is defined by six key focus areas, including investing in people, eradicating poverty and building capacity, supporting structural transformation as a driver of prosperity, enhancing international trade and regional integration, leveraging the power of science, technology and innovation, tackling climate change, COVID-19 and building resilience as well as mobilizing international partnerships for sustainable graduation.

Csaba Kőrösi, President of the UN General Assembly. Credit: UN Photo/Eskinder Debebe

It is firmly believed that the full implementation of DPoA will help the LDCs to address the ongoing COVID-19 pandemic as well as the resulting negative socio-economic impacts, return to a pathway to achieve the SDGs, address climate change challenges, and makes strides towards sustainable and irreversible graduation.

Therefore, during the second part of the conference in Doha, it is expected that specific initiatives and concrete deliverables will be announced that will address LDC-specific challenges. Gathered leaders will undertake a comprehensive appraisal of the implementation of the Istanbul PoA.

Leaders will also mobilize additional international support measures and action in favour of LDCs and agree on a renewed partnership between LDCs and their development partners to overcome structural challenges, eradicate poverty, achieve internationally agreed development goals and enable graduation from the LDC category.

The heart of the conference is hence the recognition that global recovery is heavily dependent on extending much-needed support to LCDs. And that bold investments across all key sectors – particularly health, education and social protection systems – must be alive to the special development needs of the poorest, most vulnerable nations.

In all, the Office of the High Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (OHRLLS) is the UN’s focal point for LDC5 Conference preparations.

The High Representative for Least Developed Countries will be the Secretary-General of the Conference. OHRLLS and the LDC Group have expressed their gratitude for Qatar, Turkey and Finland’s generous support to LDC5 preparations and welcome the contribution of all stakeholders for the success of the conference. – Additional Reporting: Naureen Hossain

IPS UN Bureau Report


Follow IPS News UN Bureau on Instagram

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service



Check out our Latest News and Follow us at Facebook

Original Source

It’s Time to Move Away from Public-Private Partnerships & Build a Future That is Public — Global Issues

Protesters in Mulhouse, France warn of the dangers of privatisation. The sign reads ‘when everything is privatised, we will be deprived of everything. Credit: NeydtStock / Shutterstock.com
  • Opinion by Oceane Blavot – Rodolfo Bejarano – Mae Buenaventura (brussels / lima / manila)
  • Inter Press Service

BRUSSELS / LIMA / MANILA, Feb 02 (IPS) – Last month, we joined more than 1000 representatives from all sectors of civil society who came together in Santiago de Chile to debate the future of – and threats to – public services the world over.

Participants discussed the chronic underfunding which continues to drive economic inequality, injustice and austerity, and the neocolonial policies that maintain the status quo.

Today those debates have resulted in the launch of “Our Future is Public: The Santiago Declaration for Public Services” – a momentous agreement signed by more than 200 organisations vowing to work to “transform our systems, valuing human rights and ecological sustainability over GDP growth and narrowly defined economic gains.”

One of the most damaging initiatives that has deeply affected the delivery of public services and infrastructure projects on all continents is the rise of public-private partnerships, or PPPs.

They have long been promoted by institutions such as the World Bank as a silver bullet to close the so-called gap to finance investments in services and infrastructure. The premise is that the private sector can deliver these services more efficiently and to a higher standard than the public sector, despite extensive evidence to the contrary.

We lay the pitfalls of PPPs bare in our new report History RePPPeated II: Why public-private partnerships are not the solution – the second in a series of investigations documenting the impacts of PPPs across Africa, Asia, Latin America and Europe.

Launched at the Santiago conference with some of the partners responsible for investigating and authoring the case studies, the report not only highlights negative impacts of PPPs, but sets out recommendations for how to better finance infrastructure and public services in the face of false solutions that have been proposed given the context of the current polycrisis.

These narratives wholly reflect red flags that are raised in the Santiago Declaration.

Through these investigations, we discovered failures on multiple levels in PPPs covering infrastructure such as roads and water supplies, as well as vital public services like healthcare and education.

From escalating costs for the stretched public sector to environmental and social impacts, we found time and again that communities had been ignored, displaced, and had their basic rights violated by thoughtless projects designed and implemented in the pursuit of profit.

A prime example is that of the the Melamchi Water Supply Project (MWSP) in Nepal. First announced nearly a quarter of a century ago, the project’s aim was to deliver clean, reliable and affordable water to 1.5 million people in Kathmandu.

And yet, 24 years later, residents are still waiting, while communities at the Melamchi water source are facing scarcity of water and eroded livelihoods. Instead of safe, clean drinking water – an internationally recognised human right – they have witnessed an extraordinary revolving door of private companies and institutional funders, including the World Bank, who have each failed to deliver.

To add to the MWSP’s colossal failure, 80 hectares of farmland have been lost to the project, a heavy blow to local residents, and up to 80 households have been forcibly displaced due to construction.

Who owns and controls our resources and public services became even more vitally important with the outbreak of the Covid pandemic in March 2020. Market-based models cannot be relied upon to deliver on human rights or the fight against inequalities as they are accountable only to their shareholders and not to their users.

This resulting focus on profit is overwhelmingly apparent in our case study from Liberia. Here, US firm Bridge International Academies (now NewGlobe) ‘abandoned’ its students and teachers during the height of the Covid-19 pandemic, shutting down schools and cutting teachers’ salaries by 80-90 per cent, despite being paid by the government.

And yet, in 2021 the Liberian government indefinitely extended the project, effectively subsidising a US for-profit firm at a cost that is at least double government spending on public schools.

In Peru, the Expressway Yellow Line has emerged as one of the most controversial projects ever carried out. This toll road was supposed to ease congestion issues in the capital city Lima, but instead toll rates have been unreasonably increased on at least eight occasions.

This generated almost $23 million for the private company involved and transpired with the complicity of public officials. Meanwhile, the Peruvian state suffered economic damages of US$1.2 million due to under the table negotiations between public officials and the private company, which led to the incorrect implementation and improper modifications of the contract years after it was initially signed.

Today, questions regarding the project and conflicts surrounding its implementation remain, while Lima residents’ expectations of quality road infrastructure to improve living conditions for those who have been most affected, continue to go unmet.

The human cost of the PPP projects showcased by History RePPPeated II is self-evident, but they are far from the exception. Rather they serve to illustrate common failures with the PPP model that risk compromising fundamental human rights and that undermine the fight against climate change and inequalities.

Their continuing promotion is one of the many reasons why we support the Santiago Declaration. Together with all its signatories, we will strengthen resistance to PPPs with their focus on private-led interests and promote public-public or public-common partnerships for a future that is public.

Océane Blavot is Senior Campaign and Outreach Coordinator, Development Finance, European Network on Debt and Development; Rodolfo Bejarano is Economist and Analyst – New Financial Architecture, Latin American Network for Economic and Social Justice; Mae Buenaventura is Debt Justice Programme, Team Manager, Asian People’s Movement on Debt and Development

The Santiago Declaration on Public Services, is a global manifesto signed by more than 300 organisations from around the world, and which was launched at the end of last week. The Declaration signals the start of an international movement to move away from the privatisation of public services and towards a future that is publicly funded and controlled. It is also the outcome of a 4-day conference during which several CSOs from around the world launched a report containing a series of investigations highlighting the failures of the PPP model in projects around the world, titled History RePPPeated II.

This OpEd is authored by three of the report’s authors.

IPS UN Bureau


Follow IPS News UN Bureau on Instagram

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service



Check out our Latest News and Follow us at Facebook

Original Source

US Policies Slowing World Economy — Global Issues

  • Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia)
  • Inter Press Service

KUALA LUMPUR, Malaysia, Feb 02 (IPS) – Few policymakers ever claim credit for causing stagnation and recessions. Yet, they do so all the time, justifying their actions by some supposedly higher purpose.

Now, that higher purpose is checking inflation as if it is the worst option for people today. Many supposed economists make up tall tales that inflation causes economic contraction which ordinary mortals do not know or understand.

Jomo Kwame SundaramInflating inflation’s significance
Since early 2022, like many others in the world, Americans have been preoccupied with inflation. But official US data show inflation has been slowing since mid-2022.

Recent trends since mid-2022 are clear. Inflation is no longer accelerating, but slowing. And for most economists, only accelerating inflation gives cause for concern.

Annualized inflation since has only been slightly above the official, but nonetheless arbitrary 2% inflation target of most Western central banks.

At its peak, the brief inflationary surge, in the second quarter of last year, undoubtedly reached the “highest (price) levels since the early 1980s” because of the way it is measured.

After decades of ‘financialization’, the public and politicians unwittingly support moneyed interests who want to minimize inflation to make the most of their financial assets.

War and price
Russia’s aggression against Ukraine began last February, with retaliatory sanctions following suit. Both have disrupted supplies, especially of fuel and food. The inflation spike in the four months after the Russian invasion was mainly due to ‘supply shocks’.

Price increases were triggered by the war and retaliatory sanctions, especially for fuel, food and fertilizer. Although no longer accelerating, prices remain higher than a year before.

To be sure, price pressures had been building up with other supply disruptions. Also, demand has been changing with the new Cold War against China, the Covid-19 pandemic and ‘recovery’, and credit tightening in the last year.

There is little evidence of any more major accelerating factors. There is no ‘wage-price spiral’ as prices have recently been rising more than wages despite government efforts ensuring full employment since the 2008 global financial crisis.

Despite difficulties due to inflation, tens of millions of Americans are better off than before, e.g., with the ten million jobs created in the last two years. Under Biden, wages for poorly paid workers have risen faster than consumer prices.

Higher borrowing costs have also weakened the lot of working people everywhere. Such adverse consequences would be much less likely if the public better understood recent price increases, available policy options and their consequences.

With the notable exception of the Bank of Japan, most other major central banks have been playing ‘catch-up’ with the US Federal Reserve interest rate hikes. To be sure, inflation has already been falling for many reasons, largely unrelated to them.

Making stagnation
But higher borrowing costs have reduced spending, for both consumption and investment. This has hastened economic slowdown worldwide following more than a decade of largely lackluster growth since the 2008 global financial crisis.

Ill-advised earlier policies now limit what governments can do in response. With the Fed sharply raising interest rates over the last year, developing country central banks have been trying, typically in vain, to stem capital outflows to the US and other ‘safe havens’ raising interest rates.

Having opened their capital accounts following foreign advice, developing country central banks always offer higher raise interest rates, hoping more capital will flow in rather than out.

Interestingly, conservative US economists Milton Friedman and Ben Bernanke have shown the Fed has worsened past US downturns by raising interest rates, instead of supporting enterprises in their time of need.

Four decades ago, increased servicing costs triggered government debt crises in Latin America and Africa, condemning them to ‘lost decades’. Policy conditions were then imposed by the International Monetary Fund and World Bank for access to emergency loans.

Globalization double-edged
Economic globalization policies at the turn of the century are being significantly reversed, with devastating consequences for developing countries after they opened their economies to foreign trade and investment.

Encouraging foreign portfolio investment has increasingly been at the expense of ‘greenfield’ foreign direct investment enhancing new economic capacities and capabilities.

The new Cold War has arguably involved more economic weapons, e.g., sanctions, than the earlier one. Trump’s and Japanese ‘reshoring’ and ‘friend-shoring’ discriminate among investors, remaking ‘value’ or ‘supply chains’.

Arguably, establishing the World Trade Organization in 1995 was the high water mark for multilateral trade liberalization, setting a ‘one size fits all’ approach for all, regardless of means. More recently, Biden has continued Trump’s reversal of earlier trade liberalization, even at the regional level.

1995 also saw strengthening intellectual property rights internationally, limiting technology transfers and progress. Recent ‘trade conflicts’ increasingly involve access to high technology, e.g., in the case of Huawei, TSMC and Samsung.

With declining direct tax rates almost worldwide, governments face more budget constraints. The last year has seen these diminished fiscal means massively diverted for military spending and strategic ends, cutting resources for development, sustainability, equity and humanitarian ends.

In this context, the new international antagonisms conspire to make this a ‘perfect storm’ of economic stagnation and regression. Hence, those striving for international peace and cooperation may well be our best hope against the ‘new barbarism’.

IPS UN Bureau


Follow IPS News UN Bureau on Instagram

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service



Check out our Latest News and Follow us at Facebook

Original Source

"I Was Blind, But Now I See" Celebrating Malawis Progress on World NTD Day — Global Issues

Vainesi, a former trachoma trichiasis patient, cheers in celebration knowing that trachoma has been eliminated in Malawi. Vainesi had suffered with the pain caused by trachoma for 10 years before a local disability mobiliser encouraged her to go to the hospital for treatment.
  • Opinion by Lazarus McCarthy Chakwera (lilongwe)
  • Inter Press Service

LILONGWE, Jan 30 (IPS) – H.E. Lazarus McCarthy Chakwera is President of Malawi“I was blind, but now I see.” This is what Vainesi, from Salima District in Central Malawi, said after surgery to treat trachoma. A mother of three, Vainesi had been unable to work or provide for her family once the disease began to affect her eyesight.

Vainesi is one of millions of Malawians who joins me in celebrating a historic milestone – in October, Malawi became the first nation in southern Africa to eliminate trachoma as a public health problem.

Trachoma is a bacterial infection of the eyes that causes severe swelling and scarring of the eyelids and is the world’s leading cause of infectious blindness. As recently as 2015, 7.6 million people in Malawi were at risk from this disease, but now this threat has been removed from our land. I wish to pay particular tribute to all our partners and friends of Malawi who supported our efforts in fighting trachoma.

Our success in eliminating trachoma comes hot on the heels of another elimination success. Two years ago, in 2020, we also eliminated lymphatic filariasis, a parasitic disease transmitted by mosquitoes that leads to disfiguring swelling and disability.

Both trachoma and lymphatic filariasis are neglected tropical diseases (NTDs), a group of 20 diseases and conditions that cause immeasurable suffering and affect more than one billion people worldwide. These diseases disproportionately affect those living in rural areas, like Vainesi, and often trap affected individuals in cycles of poverty.

Today, as countries across the globe commemorate World NTD Day 2023, I would like to reaffirm Malawi’s commitment to ending the burden of these diseases in our country and improving the quality of life of our citizens. And I am so proud of what we have accomplished so far.

Many children will be able to go to school and achieve their full potential. Malawi’s 2063 vision of a wealthy, industrialized, inclusive and self-reliant nation, able to stand tall amongst nations, will be fully realized.

It will take healthy people who can participate fully in economic development to make this a reality. Investing in NTD elimination programmes creates a ripple effect in society. It leads to better education, health and employment outcomes, and transforms lives and communities.

Individuals like Vainesi in Salima District, who is no longer housebound and unable to see, are a powerful example of how incredible this transformation can be. This is why it is important that preventable diseases that limit the potential of individuals to play an active role as proud citizens, can be eliminated.

H.E. Lazarus McCarthy Chakwera, President of Malawi

The return on investment that we’ve seen in fighting these diseases has been both robust and far-reaching. These same health systems are now being leveraged to deliver steady progress against several other NTDs, including river blindness and schistosomiasis.  What we now know is that progress fighting one NTD accelerates progress fighting other NTDs, building momentum and generating results. Of the 20 NTDs in existence, only six are present in Malawi today.

Other countries in Africa are also seeing great success using this approach. Just this August, Togo celebrated eliminating an amazing four neglected tropical diseases since 2011 —trachoma, lymphatic filariasis, human African trypanosomiasis, and Guinea worm disease.

However, there is still much work to be done – particularly in Southern Africa. An estimated 190 million people require treatment for at least one NTD among the 16 members states that comprise the Southern African Development Community (SADC).

Malawi is the only SADC country to have eliminated an NTD, and the COVID-19 pandemic has threatened hard-earned progress. Concerted action is needed to galvanise action against NTDs and prevent future health threats from unraveling years of progress.

But my message is one of hope – and of the importance of making a commitment and accountability. This is why, I was proud to lead my country Malawi in endorsing the Kigali Declaration on NTDs – a high-level, political declaration which is helping mobilise political will and secure commitments against NTDs, joining Botswana, Djibouti, Ethiopia, Nigeria, Papua New Guinea, Rwanda, United Republic of Tanzania, Timor-Leste, Uganda, and Vanuatu.

The theme of World NTD Day 2023 includes an important message: “Act now. Act together. Invest in NTDs.” I would like to see the names of all the countries in SADC on this list. When nations work together to lead NTD elimination efforts, we can accomplish so much. So today, I am calling on Heads of State in southern Africa to endorse the Kigali Declaration on NTDs – and commit to its delivery.

We are 100% committed to ending NTDs. Join us in committing to build a healthier, happier future.

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service

Check out our Latest News and Follow us at Facebook

Original Source

ASEAN Parliamentarians Cannot Escape ‘Lawfare’ or Violations of their Human Rights — Global Issues

Credit: ASEAN Parliamentarians for Human Rights (APHR)
  • Opinion by Jan Servaes (brussels)
  • Inter Press Service

BRUSSELS, Jan 30 (IPS) – Parliamentarians worldwide face increasing human rights violations and a greater risk of reprisal simply for exercising their mandate or expressing their ideas and opinions.

Asia follows the same trend according to the Inter-Parliamentary Union (IPU). It is the second most dangerous region for MPs, with the number of cases recorded by the IPU increasing every year.

While instances of physical attacks remain rare in Southeast Asia, governments often resort to politically motivated charges against parliamentarians and opposition leaders in what has come to be known as ‘lawfare”.

Myanmar

Since the military takeover and the suspension of parliament in February 2021, the IPU has received specific reports of human rights violations against 56 MPs elected in the November 2020 vote.

Two new MPs, Wai Lin Aung and Pyae Phyo, were arrested in December 2021. This brings the total number of detained MPs to 30. Many of the detainees are reportedly held incommunicado in overcrowded prisons. where they are mistreated and possibly tortured, with little access to medical care or legal advice.

According to Amnesty International, torture and ill-treatment are institutionalized in Myanmar. Women have been tortured, sexually harassed and threatened with rape in custody,

Stop lawfare!

ASEAN member states must immediately stop using judicial harassment and politically motivated charges against critics and political opponents, the ASEAN Parliamentarians for Human Rights (APHR) stated at a January 27 press conference in Manila under the banner: “Stop Lawfare! No to the weaponization of the law and state-sponsored violence.”

The press conference explained the continued use of lawfare and its effect on freedom of expression. It was a show of solidarity with parliamentarians and others facing this kind of repression.

Philippines

The Philippines is ranked 147th out of 180 countries in the 2022 World Press Freedom Index, and the Committee to Protect Journalists ranks the Philippines seventh in its 2021 Impunity Index, which tracks the deaths of media workers whose killers go unpunished .

In the Philippines, “lawfare” has been used systematically by the previous administration of President Rodrigo Duterte and also by the current administration of Ferdinand Marcos, Jr. to suppress opposition voices. A notable case is that of APHR’s board member and former member of parliament in the Philippines: Walden Bello.

On August 8, 2022, Walden Bello was arrested on a cyber libel charge. Bello is facing politically motivated allegations filed by a former Davao City information officer who now works as Chief of the Media and Public Relations Department in the office of the Vice President, Sara Duterte.

The indictment against Walden Bello is a clear example of political intimidation and revenge designed to terrify opponents of the current Philippine government. It is a violation of freedom of expression, which is essential for a democracy.

In addition to Walden Bello, many other political leaders and activists, including Senator Leila De Lima, Senator Risa Hontiveros and Senator Antonio Trillanes, have fallen victim to dubious justice. Senator Leila de Lima, was arrested in February 2017 on trumped-up drug charges, shortly after she launched a Senate investigation into extrajudicial killings under the Duterte administration. She has been in detention ever since, still awaiting trial, despite several key witnesses retracting their testimony.

Many local and regional leaders are also suffering arbitrary detention following questionable arrests in the wake of government “red-tagging” campaigns against local activists and journalists, including human rights and environmental defenders.

Maria Ressa, who, as editor-in-chief of Rappler, received the Nobel Peace Prize in 2021 together with a Russian journalist, has repeatedly been a victim of lawfare. They were recently acquitted of tax evasion. Ressa said it was one of several lawsuits former President Duterte used to muzzle critical reporting.

However, Ressa and Rappler face three more lawsuits: a separate tax suit filed by prosecutors in another court, her appeal to the Supreme Court against an online libel conviction, and Rappler’s appeal against the closing of the Securities and Exchange Commission. Ressa still faces up to six years in prison if she loses the libel conviction appeal.

The ASEAN Parliamentarians for Human Rights (APHR) therefore call on all “Southeast Asian authorities to stop abusing the justice system to quell dissent and urge ASEAN to reprimand member states that use laws to attack the political opposition.

The Philippine government can take the first step by dropping all charges against Walden Bello and immediately releasing Senator Leila De Lima and all others unjustly detained on politically motivated charges,” said Mercy Barends, president of APHR and member of the Indonesian House of Representatives.

ASEAN

“Lawfare is happening all over Southeast Asia and beyond. Governments in the region use ambiguous laws to prosecute political opponents, government critics and activists. This weaponization of the justice system is alarming and incredibly damaging to freedom of expression.

It creates an atmosphere of fear that not only silences those targeted by such lawfare, but also makes anyone who wants to criticize those in power think twice,” said Charles Santiago, APHR co-chair and former Malaysian MP.

Myanmar and Cambodia

In Myanmar and Cambodia, for example, treason and terrorism laws have been used to crack down on opposition. The most tragic example occurred last July, with the execution of four prominent Myanmar activists on charges of bogus terrorism by the Myanmar junta. These were the first judicial executions in decades and are an extreme example of how the law can be perverted by authoritarian regimes to bolster their power.

In Cambodia, members of the opposition are sentenced to long prison terms on trumped-up charges simply for exercising their right to freedom of expression. Journalists are increasingly subjected to various forms of intimidation, pressure and violence, according to a new report published by the UN Human Rights Office (OHCHR).

Thailand

Meanwhile, libel laws are among the most commonly used laws in Thailand where, unlike many other countries, it can be considered a criminal offense rather than just a civil crime. Sections 326-328 of Thailand’s Penal Code establish various defamation offenses with penalties of up to two years in prison and fines of up to 200,000 Thai Baht (approximately USD 6,400).

“I think we as parliamentarians in our respective countries should do our utmost to repeal or at least amend these kinds of laws. Our democracies depend on it. But I also think we can’t do it alone. We need to work together across borders, share experiences with parliamentarians from other countries and stand in solidarity with those who fall victim to it, because at the end of the day we are all in this together,” said Rangsiman Rome, member of the Thai parliament and APHR member.

Jan Servaes was UNESCO-Chair in Communication for Sustainable Social Change at the University of Massachusetts, Amherst. He taught ‘international communication’ in Australia, Belgium, China, Hong Kong, the US, Netherlands and Thailand, in addition to short-term projects at about 120 universities in 55 countries. He is editor of the 2020 Handbook on Communication for Development and Social Change.

https://link.springer.com/referencework/10.1007/978-981-10-7035-8

IPS UN Bureau


Follow IPS News UN Bureau on Instagram

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service



Check out our Latest News and Follow us at Facebook

Original Source

The Year of Debt Distress and Damaging Development Trade-Off — Global Issues

  • Opinion by Anis Chowdhury (sydney)
  • Inter Press Service

SYDNEY, Jan 27 (IPS) – As the year 2022 drew to an end, the United Nations Conference on Trade and Development (UNCTAD) warned, “Developing countries face ‘impossible trade-off’ on debt”, that spiralling debt in low and middle-income countries (LMICs) has compromised their chances of sustainable development.

Anis ChowdhuryIn early December, an opinion piece in The New York Times headlined, “Defaults Loom as Poor Countries Face an Economic Storm”. And the World Bank’s International Debt Report highlighted rising debt-related risks for all developing economies—low- as well as middle-income economies.

Debt on the rise
Debt build-up accelerated in the wake of the 2008-2009 global financial crisis (GFC). The World Bank’s, Global Waves of Debt reveals that total (public & private; domestic & external) debt in emerging market and developing economies (EMDEs) reached an all-time high of around 170% of GDP ($55 trillion) – more than double the 2010 figure – by 2018, before the onset of the COVID-19 pandemic.

Total debt in low-income countries (LICs), after a steep fall from the peak of around 120% of GDP in the mid-1990s to around 48% ($137 billion) in 2010, increased to 67% of GDP ($270 billion) in 2018.

Pandemic debt
The COVID-19 pandemic greatly lengthened the list of EMDEs in debt distress as rich nations and institutions dominated by them, e.g., the World Bank, failed to provide any meaningful debt reliefs or increase financial support to adequately respond to the health and economic crises.

The World Bank’s chief economist advised, “First fight the war , then figure out how to pay for it”. The IMF’s managing director counselled, “Please spend, spend as much as you can. But keep the receipts”.

The World Bank’s International Debt Statistics 2022 reveals that the external debt stock of LMICs in 2021 rose to $9.3 trillion (an increase of 7.8% compared to 2020) – more than double a decade ago in 2010. For many countries, the increase was by double digit percentages.

Riskier debt
Over the past decade, the composition of debt has changed significantly, with the share of external debt owed to private creditors increasing sharply. At the end of 2021, LMICs owed 61% of their public and publicly guaranteed external debt to private creditors—an increase of 15 percentage points from 2010.

The private creditors charge higher interest rates, and offer little or no scope for restructuring or refinancing at favourable terms, as they maximise profit. The private creditors also usually offer credits for shorter duration, while development financing needs are for longer-terms.

Failed aid promises
Development needs of developing countries have increased many-folds, especially for meeting internationally agreed development goals, such as the Millennium Development Goals (MDGs) and now Sustainable Development Goals (SDGs). The LMICs’ estimated aggregate investment needs are $1.5–$2.7 trillion per year—equivalent to 4.5–8.2% of annual GDP— between 2015 and 2030 to just meet infrastructure-related SDGs. But the rich nations spectacularly failed to honour their promises of finance made at the 2015 UN conference on financing for development (FfD) in Addis Ababa.

In fact, they failed all their past aid promises, e.g., to provide 0.7% of their gross national income (GNI) as aid, a promise made over half a century ago. While aid hardly reached half the promised percentage of GNI, it in fact declined from the peak of around 0.55% of GNI in the early 1960s to around 0.34% in recent years. Oxfam estimated 50 years of unkept promises meant rich nations owed $5.7 trillion to poor countries by 2020!

At their 2005 Gleneagles Summit, G7 leaders pledged to double their aid by 2010, earmarking $50 billion yearly for Africa. But actual aid delivery has been woefully short. G7 and other rich OECD countries also broke their 2009 pledge to give $100 billion annually in climate finance until 2020.

Promoting private finance
Meanwhile institutions dominated by rich nations – the World Bank and OECD, in particular – promoted private financing of development. The World Bank, the IMF and multilateral regional development banks, e.g. Asian Development Bank jointly released From billions to trillions, just before the 2015 FfD conference.

The document optimistically but misleadingly advised governments to “de-risk” development projects for enticing trillions of dollars of private capital in public private partnerships (PPPs). While de-risking effectively meant governments bearing financial risks, or socialise private investors’ loss, PPPs are found to have dubious impacts on SDGs, especially poverty reduction and enhancing equity.

Meanwhile the OECD donors advocated “blended finance” (BF) to use aid money to leverage, again trillions of dollars of private capital. But as The Economist noted, BF is struggling to grow, stuck since 2014 “at about $20 billion a year…far off the goal of $100 billion set by the UN in 2015”, despite suspected double counting. Like PPPs, BF has effectively transferred risk from the private to the public sector. On average, the public sector has borne 57% of the costs of BF investments, including 73% in LICs.

Collateral damage
In the wake of the GFC the rich countries followed so-called unconventional monetary policies that kept interest rates exceptionally low – in some cases at zero – for a decade. This saw capital flowing from rich countries to EMDEs in search for higher returns, as exceptionally low interest rates enticed EMDE governments and businesses.

The opportunity to borrow at low rates also made the EMDE governments lazy in their domestic revenue mobilisation efforts. Such policy complacency was rewarded by the donor community, especially the World Bank, through its now discredited Doing Business Report, encouraging a harmful race to the bottom tax competition among countries to cut corporate and other direct taxations. The World Bank and IMF also advised to remove or lower easier to collect indirect taxes, e.g., excise duties in exchange for regressive and difficult to implement goods & services or value-added tax in poorer countries.

Bleeding revenues
Meanwhile transnational corporations (TNCs) continue to avoid and evade paying taxes using creating accounting, aided by tax havens, mostly situated in rich nations’ territories. Developing countries lost approximately $7.8 trillion in illicit financial flows from 2004 to 2013, mostly through TNCs’ transfer mispricing, or the fraudulent mis-invoicing of trade in cross-border tax-related transactions.

African countries received $161.6 billion in 2015, primarily through loans, personal remittances and aid. But, $203 billion was extracted, mainly through TNCs repatriating profits and illegally moving money out of the continent.

International tax rules are designed by the rich nations. They continue to oppose developing countries’ demand for an inclusive international tax regime under the auspices of the UN.

Perfect storm
Global supply-demand mis-matches due to the pandemic, the Ukraine war and sanctions are a perfect recipe for a perfect storm. The advanced countries’ inflation fight is causing adverse spill-over on developing countries.

Higher interest rates have slowed the world economy, and triggered capital outflows from developing countries, depreciating their currencies, besides lowering export earnings. Together, these are causing devastating debt crises in many developing countries, similar to what happened in the 1980s.

In October 2022, a United Nations Development Programme (UNDP) report estimated that 54 countries, accounting for more than half of the world’s poorest people, needed immediate debt relief to avoid even more extreme poverty and give them a chance of dealing with climate change.

Rich nations fail again
As pandemic debt distress became obvious, the G20 countries devised the so-called Debt Service Suspension Initiative (DSSI) for 75 poorest countries, supposedly to provide some modest relief between May and December 2020. DSSI does not cancel debt, but only delays re-payments, to be paid fully later with the interest cost accumulating – thus effectively “kicks the can down the road”. As the private lenders refused to join the G20’s initiative, unsurprisingly only 3 countries expressed interest in DSSI. Moreover, the G20 initiative does not address debt problems facing MICs, many of which also face debt servicing, including repayment issues.

Although the IMF acted innovatively at the start of the pandemic debt distress with debt service cancellation for 25 eligible LICs (estimated at $213.5 million), the World Bank’s Chief refused to supplement, let alone complement the IMF’s debt service cancellation for the most vulnerable LICs. Nonetheless, the Bank’s President hypocritically advocates debt relief as “critical”. He wants to have the cake and eat it too; apparently wanting to increase lending, but without sacrificing the institution’s AAA credit rating.

China debt trap diplomacy?
Meanwhile the rich nations accuse China of “debt trap diplomacy” that China is deliberately pushing loans to poorer countries for geopolitical and economic advantages. Less than 20% of LICs external debt is owed to China as against more than 50% to the commercial lenders.

Most Chinese loans are concessional, and China has provided more debt relief than any other country, bilaterally negotiating around $10.8 billion of relief since the onset of the pandemic.

Unsurprisingly, independent studies debunked the Western accusation. And China has emerged as a major source of development finance for poorer countries. A recent IMF study concluded, “Beijing’s foreign assistance has had a positive impact on economic and social outcomes in recipient countries”.

Damaging trade-off
Rising debt servicing in the face of higher import costs, falling export revenues and declining remittances, are forcing developing countries to a damaging trade-off. They are forced to service external debt owed to rich nations and international financiers at the cost of development.

For many African nations, the increased cost of debt repayments is the equivalent of public health spending in the continent, according to the UNCTAD. But, “No country should be forced to choose between paying back debts or providing health care”.

IPS UN Bureau


Follow IPS News UN Bureau on Instagram

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service



Check out our Latest News and Follow us at Facebook

Original Source

Erdogans Desperate Bid to Become the New Atatrk — Global Issues

  • Opinion by Alon Ben-Meir (new york)
  • Inter Press Service

NEW YORK, Jan 27 (IPS) – As Turkey approaches its centennial anniversary this October, President Erdogan is stopping short of nothing to win the election in June to fulfill his life-time dream of presiding over the celebration. The Turkish people should deny him this historic honor because of the reign of terror to which he has mercilessly subjected his countrymen.

Righting the Wrong

Had Turkey’s President Erdogan continued with his most impressive social, economic, judicial, and political reforms that he initiated and implemented during his first years in power, today’s Turkey would have been a great country, respected and prosperous while enjoying tremendous regional and global influence under his leadership.

Instead, Erdogan reversed his remarkable achievements on all domestic and international fronts in pursuit of building an authoritarian regime that could satisfy his unquenchable thirst for ever more power. Erdogan will stop short of nothing to win the upcoming elections in June.

He certainly hopes to preside on October 29 over the hundredth anniversary of the establishment of the Turkish Republic by Mustafa Kemal Atatürk and to be recognized as the new Atatürk (father) of modern Turkey. The Turkish people must deny him that honor because of his continuing horrific human rights violations.

To put in perspective as to why Erdogan does not deserve to preside over the anniversary and should be handedly rejected in the June elections, it is first necessary to provide a brief account of his relentless reign of terror and his unremitting campaign to harass and delegitimize the opposition parties to achieve his sinister objective.

Following the failed coup of July 2016, Erdogan arrested tens of thousands of innocent people, including hundreds of security officials, academics, and military personnel suspected of belonging to the Hizmet (Gülen) Movement and charged them with participating in the coup. He uses Article 301 of the Anti-Terror Act to crack down on dissent and even criminalize criticism of “Turkishness.”

He arrested hundreds of journalists accusing them of spreading anti-government propaganda, shut down scores of TV and radio stations, and imposed restrictions on the use of social media. Nearly 200 journalists have been imprisoned since 2016; currently 40 remain incarcerated in subhuman prisons, which blatantly defies the convention of freedom of press, especially in a NATO member state.

Thousands of university graduates are leaving the country in the search for job opportunities and to free themselves from Erdogan’s shackles. Leaving their country behind is causing an alarming brain drain, which is affecting just about every industry.

The Council of Europe and the University of Lausanne reports that Turkey has the largest population of prisoners convicted on charges related to terrorism. As Turkish journalist Uzay Bulut notes, “The report, updated in April 2021, shows that at the time there were a total of 30,524 inmates in COE member states who were sentenced for terrorism; of those, 29,827 were in Turkish prisons” .

As Leo Tolstoy observed in War and Peace, “One need only to admit that public tranquility is in danger and any action finds a justification… All the horrors of the reign of terror were based only on solicitude for public tranquility.” To that end, Erdogan proclaims to be a pious man, but he cynically uses Islam as nothing but an evil political tool to project a divine power to assert his dictatorial whims unchallenged.

The World Organization Against Torture (OMCT) reports that Erdogan conveniently uses Anti-Terrorism Law No. 3713, which was enacted by his AK Party-led, rubber stamp parliament to stifle freedoms and silence the voices of those who defend human rights. The law allows him to label peaceful human rights defenders as ‘terrorist offenders’.

OMCT states that “Official data show that in 2020, 6551 people were prosecuted under the anti-terrorism law, while a staggering 208,833 were investigated for ‘membership in an armed organization,’” typically those involved with the Gülen movement.

Erdogan continues his crackdown on his own Kurdish community which represents nearly 20 percent of the population, depriving them of basic human rights. His systematic persecution of the Kurds seems to have no bounds, as he accuses thousands of being supporters of the PKK, which he considers as a terrorist organization and which successive Turkish governments have been fighting for more than 50 years at staggering human and material cost.

He consistently demands that various Balkan and EU states extradite Turkish nationals whom he accuses of being terrorists to stand trial in his corrupted courts, denying them due process and subjecting them to ferocious torture in order to extract confessions for offences they never committed.

He is preventing Finland and Sweden from joining NATO unless Sweden extradites about 130 political refugees, mostly Turkish Kurds, to stand trial in Turkey. Sweden has rejected his demand knowing that once they reach Turkish soil, it will be tantamount to the kiss of death. To be sure, the rule of law in Erdogan’s Turkey has been effectively dismantled.

To improve his chances of being re-elected, Erdogan wants to ensure that the Kurdish political parties are denied representation in the Parliament. He has incarcerated many of the 56 members of the pro-Kurdish Peoples’ Democratic Party (HDP) and removed its remaining members from the legislative process; he is determined to close the party altogether.

In addition, he arrested many members of the Democratic Regions Party (DBP), accusing them of unfounded terrorism-related offenses and illegally replacing them through government-appointed trustees.

Erdogan is asking the Biden administration to issue a statement in support of his policies to help him in his bid for reelection when in fact he is at odds with President Biden on a host of critical issues, including his egregious human rights violations, his refusal to allow Sweden and Finland to join NATO, his purchase of the Russian-made S-400 air defense system, his money laundering, and his ceaseless corruption.

And in 2019, he tried to block NATO’s plan for the defense of Poland and the Baltic states unless NATO identified the Kurdish-led Syrian Democratic Forces as terrorists.

One would think that if he is so desperate to be re-elected come June, he would make significant concessions both domestically and in his relations with the US and the EU. Why not offer amnesty to all political prisoners, free the journalists, stop harassing and jailing leaders of opposition parties, and fully adhere to human rights and the rule of law?

Why not drop his opposition to Sweden’s admission to NATO? Why not rescind his purchase of a second batch of S-400s and decommission those currently in use, which are totally incompatible with NATO’s air defense systems? Finally, why not restore the democratic principles which every member state of NATO is required to uphold?

But then, Erdogan’s obsession with absolute power has blinded him from seeing and feeling the plight of his own people, which only demonstrates his ignorance and shortsightedness. As Jorge Luis Borges aptly observed, “Dictatorships foster oppression, dictatorships foster servitude, dictatorships foster cruelty; more abominable is the fact that they foster idiocy.”

A number of years ago, Erdogan’s former prime minister Davutoglu told me that by the year 2023, Turkey will have restored the glory, the global influence, and prestige that the Ottoman Empire enjoyed in its heyday. Needless to say, Davutoglu’s prophecy has not come to pass.

To the contrary, today, Turkey’s economy, social and political order, and democracy are in complete disarray; Turkey is far from having “zero problems with neighbors,” and remains estranged from the US and the EU.

If Erdogan manages to be re-elected through cheating and by disenfranchising the opposition parties, he will celebrate the centennial anniversary while presiding over a country in retreat, with a disillusioned and despairing citizenry and diminishing regional and international stature. He will not be the new Atatürk even though he so frantically wants to portray himself as a great reformer leading a constructive and great power on the world stage.

Instead, Erdogan will be remembered with scorn and contempt for having squandered Turkey’s huge potential while degrading the anniversary that could have been Turkey’s greatest celebration in one hundred years.

Dr. Alon Ben-Meir, a retired professor of international relations at the Center for Global Affairs at New York University (NYU), taught courses on international negotiation and Middle Eastern studies for over 20 years.

IPS UN Bureau


Follow IPS News UN Bureau on Instagram

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service



Check out our Latest News and Follow us at Facebook

Original Source

As the Climate Crisis Bites, Soil Needs Doctors Too — Global Issues

The loss of soil fertility means that land is now less productive and many cereals, vegetables and fruits are not as rich in vitamins and nutrients as they were 70 years ago. Credit: Paul Virgo/IPS
  • by Paul Virgo (rome)
  • Inter Press Service

ROME, Jan 26 (IPS) – In a wiser world, the term ‘treating someone like dirt’ would be a good thing. After all, 15 of the 18 nutrients essential to plants are supplied by soils and around 95% of the food we eat comes directly or indirectly from them, according to the United Nations Food and Agriculture Organization (FAO).

So dirt is actually a precious resource that deserves to be treated with respect, care and perhaps even a little love.

Unfortunately, humanity has been treating soil ‘like dirt’ in the traditional sense of the term, abusing it with pollution, unsustainable industrial agricultural practices and the overexploitation of natural resources.

The result is that about one third of the world’s soils are degraded, the FAO says. At this rate, 90% of all soils are set to be degraded by 2050.

“When we talk about soil health, we then get to human health,” Carolina Olivera, an agronomist with the FAO’s Global Soil Partnership (GSP),” told IPS.

“We are here now with high levels of soil degradation because of many factors, some natural. You can have soil erosion because there is a steep slope and water is circulating and taking all the sediments. But, above all, you can also have bad soil management, intensive practices, bad livestock practices with too many animals per hectare, and monocropping, so no rotation.”

“If we have monocropping, soils will not be in good health because the same crop is always extracting the same nutrients, so some nutrients will be missing. It’s the same as with human diets. If we always eat sugar, we will have too much sugar and not enough vitamins. Biodiversity is very important for everything, starting with soils and right the way up to our diets”.

The loss of soil fertility means that land is now less productive and many cereals, vegetables and fruits are not as rich in vitamins and nutrients as they were 70 years ago.

“This nutrient imbalance in soil will affect crops, it will affect plants and it will affect humans and all nutrition,” Olivera explained. It will affect it with decreasing yields. Yields are decreasing every day. Farmers are increasing the quantity of fertilizers they use and they don’t understand why yields are still decreasing.

“The quality of the food is also decreasing. Food now has more macronutrients and less micronutrients, which means we do not have enough elements to synthesize vitamins, to synthesize other metabolisms that are very important for our organism.

“So you have hidden hunger, where you have enough calories but you don’t have enough minerals or the adequate specific minerals that you need to have good nutrition and good health. The result is that we have some immunity diseases and other kinds of diseases developing.

“So it’s a long chain, from the soil to the nutrients, and to the quality of nutrition humans can have in the end”.

The climate crisis is making things worse, with higher temperatures sucking moisture out of the soil to make it less fertile and harder to handle. In a chemical analysis, you can have all the elements in the soil, so you don’t understand why there is a problem,” Olivera said.

“But then, when you start looking at the soil in detail, you can see, for example, that the soil is compacted, like concrete. So the chemical elements are there. But it’s like concrete, so the roots cannot penetrate and the roots cannot grow. So this is soil health.

Another consequence of the climate crisis, more frequent extreme weather events, is bad for soil health too, with severe droughts often being followed by storms and floods that wash away sediments, The FAO is taking action at many levels to combat the problem.

If we have monocropping, soils will not be in good health because the same crop is always extracting the same nutrients, so some nutrients will be missing. Credit: Paul Virgo/IPS

The GSP, for example, has developed digital mapping systems that illustrate soil conditions so countries and national institutions can boost their capacities and make informed decisions to manage soil degradation.

It has also produced guidelines to help national governments adopt policies for soil management and for the sustainable use of fertilizers. The UN agency is also rolling up its sleeves to help smallholder farmers in the Global South, who are among the blameless victims of the climate crisis, to cope with the impact global heating is having on their soils.

Its initiatives on this front include the ‘soil doctors’ farmer-to-farmer training programme. “This means we train a farmer and that farmer trains the whole community – with their own language,” Olivera said.

“We provide them with posters with drawings so the farmer is able to explain to other farmers. We also provide them with some very simple exercises, such as digging a hole in the soil to see the texture and see the smell of the soil and see why one smell is good and another is bad. And we show them to feel it, as they do every day, but also providing them with the scientific knowledge to support them in their everyday work.

“For example, when you have soil that is not breathing because of too much water, it smells like rotting food. In that case, we can do some drainage, we can establish some practices, dig some terraces. So we learn with them. We see from the environment what we can do, what materials we have access to, see if we can circulate the water better by digging canals. And together we also select the practices that they can teach to other farmers”.

The FAO does not need to pay the farmers to pass on the knowledge, as being a soil doctor brings its own rewards.

“We provide them with visibility within their communities. We call the soil doctors champion farmers because they are the farmers who are always trying new things. They are the ones who are worried about their community and are willing to learn a lot. They are happy when they learn. We provide them with knowledge and with kits to do some testing in the field.

Another important incentive for them is that they become part of a community of soil doctors around the world. “They can exchange experiences with each other. You can have a soil doctor in Bolivia exchanging with one in the Philippines because, for example, they both grow cocoa. So belonging to a network is important for them too as they sometimes feel very isolated in their field.

“I recently went to Bangladesh to give farmers soil-doctor certificates and they were so proud. They said the soil is ours and it is what we are going to leave to our children. We need to make decisions about our soils ourselves and we have the capacity to do so”.

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service

Check out our Latest News and Follow us at Facebook

Original Source

Cabo Verde Hoists the Blue Flag — Global Issues

  • Opinion by Christopher Marc Lilyblad (mindelo, cabo verde)
  • Inter Press Service

MINDELO, Cabo Verde, Jan 26 (IPS) – On 20 January, the world’s best sailors arrived in Mindelo, Cabo Verde, completing the initial leg of the 2023 edition of The Ocean Race. Coinciding with this stop was the launch of Cabo Verde’s first blue bond at the Ocean Summit, an event jointly organized by The Ocean Race and the Government of Cabo Verde on the sidelines of the grueling round-the-world race. United Nations Secretary-General Antonio Guterres was in attendance as this year’s keynote speaker.

The bond was launched on Cabo Verde’s Blu-X sustainable finance platform, a regional platform for listing and trading sustainable and inclusive financial instruments.

The issuance will raise domestic, regional, and global investment in Cabo Verde’s rising ocean economy while divesting capital from industries responsible for sea-level rise, pollution, and other transgressions against ocean rights.

In brief, the winds of sustainable finance are filling the sails of a local blue economy heeling towards global Ocean Rights.

Consistent with its blue seal, up to US$1 million in proceeds (minimum US$500,000) will supply affordable loans to microentrepreneurs and startups in coastal communities, emphasizing financial inclusion to ensure widespread access to the new value generated from the growing blue economy.

The remaining US$1.5 million foresees structural investments in small and medium-sized enterprises operating in the maritime and fisheries sectors.

Notably, this is the first initial public offering, or IPO, listed on the Blu-X sustainable finance platform. This means anyone, anywhere with access to the digital Blu-X platform can invest via their computer or phone, including foreign investors and members of Cabo Verde’s sizable diaspora.

Furthermore, this marks the first private issuance that does not rely on a public guarantee but is solely backed by market demand. With a ‘greenshoe’ (or ‘blue aquasocks’, rather?) option of an additional US$ 1 million triggered if demand for bond subscriptions exceeds the initial US$2.5 million, the blue bond could ultimately generate US$3.5 million in private and market-driven finance for a sustainable blue economy.

In a race against time during the UN’s Ocean Decade, this initial blue bond listing offers a potentially game-changing test case for Cabo Verde’s blue finance ambitions.

The strategic partnership between the Cabo Verde Stock Exchange (Bolsa de Valores de Cabo Verde – BVC) and UNDP under Cabo Verde’s integrated national financing framework (INFF) has already led to four sustainable bond issuances totaling USD32.5 million.

Building on this momentum, the blue bond’s proceeds are exclusively destined for sustainable marine- and ocean-based projects generating returns for the economy, society, and environment – the triple bottom line.

With funding from the UN’s Joint SDG Fund and UNDP’s strategic and technical support, the Blu-X team at the BVC guided the Cabo-Verdean International Investment Bank through the process of issuing the bond framework, following an external review process that ensures adherence to blue principles.

What actually ‘counts as’ blue has recently been established through a new blue bond regulation in November 2022, enacted under the authority of Cabo Verde’s capital market regulatory agency.

The regulation draws on the Atlantic Technical University’s blue taxonomy, derived from a scientific study of existing blue economy activities and the potential of Cabo Verde’s shores.

The first of its kind in Africa, the regulation reflects the country’s pioneering role in defining blue finance norms, standards, and principles, which closely aligns with the Ocean Race’s Sustainability Charter and corresponding calls for a Universal Declaration of Ocean Rights anchored at the United Nations.

By hoisting the blue flag, Cabo Verde is again signaling its emergence as a global front-runner. Indeed, since the first blue bond issuance by Seychelles in 2018, these financial instruments have mostly been treated as a subsidiary category of green bonds in financial markets. However, what was once seen as a ‘shade of green’ is now emerging as a primary colour of its own.

Building on this initial proof of concept, the proliferation of blue bonds has the potential to transform financing for Cabo Verde’s strategic sustainable development agenda: Ambition 2030.

In a tourism-dependent economy vulnerable to external shocks, the growth of sustainable finance and the blue economy will accelerate socio-economic decentralization and sectorial diversification, from fisheries and maritime transport to nautical sports and ocean-based technology.

As a small island developing state that is “99 percent ocean,” this stands to benefit the local communities that depend on marine environments and maritime spaces for their livelihoods.

Blue economy impact investing poignantly illustrates why marine environments and biodiversity should be preserved not only as ends in themselves but also as catalysts for value creation.

As more and more people subscribe to the idea that protecting ocean resources is vital for maintaining and growing economies, we will see an upsurge in innovative businesses, initiatives and transactions that advance marine conservation.

The growth of blue entrepreneurship and investment paves the way for greater collaboration spurring collective action capable of avoiding a tragedy of the ocean commons.

In other words, by reshaping economic incentive structures along these lines and leveraging their effects in local coastal communities, sustainable finance enhances cognizance of global ocean sustainability principles and incentivizes corresponding human action.

The Ocean Race Cabo Verde presented by Blu-X marks a growing interest in Cabo Verde’s emerging blue standard. Inspired by these blue finance bearings, perhaps others will soon chart a similar course, with the prospect of collectively raising an entire fleet racing towards the UN Ocean Decade finish.

Christopher Marc Lilyblad is Head of Strategy and Policy Unit, a.i. UNDP Cabo Verde; Development Economist & Head of Strategy and Economic Cluster, a.i. UNDP Guinea-Bissau

Source: UNDP

IPS UN Bureau


Follow IPS News UN Bureau on Instagram

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service



Check out our Latest News and Follow us at Facebook

Original Source

Solar Energy Useless Without Good Batteries in Brazils Amazon Jungle — Global Issues

Solar panels with a capacity to generate 30 kilowatts no longer work in the Darora Community of the Macuxi people, an indigenous group from Roraima, a state in the far north of Brazil. The batteries only worked for a month before they were damaged because they could not withstand the charge. CREDIT: Boa Vista City Hall
  • by Mario Osava (boa vista, brazil)
  • Inter Press Service

BOA VISTA, Brazil, Jan 25 (IPS) – “Our electric power is of bad quality, it ruins electrical appliances,” complained Jesus Mota, 63. “In other places it works well, not here. Just because we are indigenous,” protested his wife, Adélia Augusto da Silva, of the same age.

The Darora Community of the Macuxi indigenous people illustrates the struggle for electricity by towns and isolated villages in the Amazon rainforest. Most get it from generators that run on diesel, a fuel that is polluting and expensive since it is transported from far away, by boats that travel on rivers for days.

Located 88 kilometers from the city of Boa Vista, capital of the state of Roraima, in the far north of Brazil, Darora celebrated the inauguration of its solar power plant, installed by the municipal government, in March 2017. It represented modernity in the form of a clean, stable source of energy.

A 600-meter network of poles and cables made it possible to light up the “center” of the community and to distribute electricity to its 48 families.

But “it only lasted a month, the batteries broke down,” Tuxaua (chief) Lindomar da Silva Homero, 43, a school bus driver, told IPS during a visit to the community. The village had to go back to the noisy and unreliable diesel generator, which only supplies a few hours of electricity a day.

Fortunately, about four months later, the Boa Vista electricity distribution company laid its cables to Darora, making it part of its grid.

“The solar panels were left here, useless. We want to reactivate them, it would be really good. We need more powerful batteries, like the ones they put in the bus terminal in Boa Vista,” said Homero, referring to one of the many solar plants that the city government installed in the capital.

Tuxaua (chief) Lindomar Homero of the Darora Community is calling for new adequate batteries to reactivate the solar power plant, because the electricity they receive from the national grid is too expensive for the local indigenous people. Behind him stands his predecessor, former tuxaua Jesus Mota. CREDIT: Mario Osava/IPS

Expensive energy

But indigenous people can’t afford the electricity from the distributor Roraima Energía, he said. On average, each family pays between 100 and 150 reais (20 to 30 dollars) a month, he estimated.

Besides, there are unpleasant surprises. “My November bill climbed to 649 reais” (130 dollars), without any explanation,” Homero complained. The solar energy was free.

“If you don’t pay, they cut off your power,” said Mota, who was tuxaua from 1990 to 2020.”In addition, the electricity from the grid fails a lot,” which is why the equipment is damaged.

Apart from the unreliable supply and frequent blackouts, there is not enough energy for the irrigation of agriculture, the community’s main source of income. “We can do it with diesel pumps, but it’s expensive; selling watermelons at the current price does not cover the cost,” he said.

“In 2022, it rained a lot, but there are dry summers that require irrigation for our corn, bean, squash, potato, and cassava crops. The energy we receive is not enough to operate the pump,” said Mota.

A photo of the three water tanks in the village of Darora, one of which holds water that is made potable by chemical treatment. The largest and longest building is the secondary school that serves the Macuxi indigenous community that lives in Roraima, in northern Brazil. CREDIT: Mario Osava/IPS

Achilles’ heel

Batteries still apparently limit the efficiency of solar energy in isolated or autonomous off-grid systems, with which the government and various private initiatives are attempting to make the supply of electricity universal and replace diesel generators.

Homero said that some of the Darora families who live outside the “center” of the village and have solar panels also had problems with the batteries.

Besides the 48 families in the village “center” there are 18 rural families, bringing the community’s total population to 265.

A solar plant was also installed in another community made up of 22 indigenous families of the Warao people, immigrants from Venezuela, called Warao a Janoko, 30 kilometers from Boa Vista.

But of the plant’s eight batteries, two have already stopped working after only a few months of use. And electricity is only guaranteed until 8:00 p.m.

“Batteries have gotten a lot better in the last decade, but they are still the weak link in solar power,” Aurelio Souza, a consultant who specializes in this question, told IPS from the city of São Paulo. “Poor sizing and the low quality of electronic charging control equipment aggravate this situation and reduce the useful life of the batteries.”

The low quality of the electricity supplied to Darora is due to the discrimination suffered by indigenous people, according to Adélia Augusto da Silva. The water they used to drink was also dirty and caused illnesses, especially in children, until the indigenous health service began to chemically treat their drinking water. CREDIT: Mario Osava/IPS

In Brazil’s Amazon jungle, close to a million people live without electricity, according to the Institute of Energy and the Environment, a non-governmental organization based in São Paulo. More precisely, its 2019 study identified 990,103 people in that situation.

Another three million inhabitants of the region, including the 650,000 people in Roraima, are outside the National Interconnected Electricity System. Their energy therefore depends mostly on diesel fuel transported from other regions, at a cost that affects all Brazilians.

The government decided to subsidize this fossil fuel so that the cost of electricity is not prohibitive in the Amazon region.

This subsidy is paid by other consumers, which contributes to making Brazilian electricity one of the most expensive in the world, despite the low cost of its main source, hydropower, which accounts for about 60 of the country’s electricity.

Solar energy became a viable alternative as the parts became cheaper. Initiatives to bring electricity to remote communities and reduce diesel consumption mushroomed.

But in remote plants outside the reach of the grid, good batteries are needed to store energy for the nighttime hours.

Part of the so-called “downtown” in Darora, which has lamp posts, houses, a soccer field and a shed where the community meets. A larger community center is needed, says
the leader of the Macuxi village located near Boa Vista, the capital of the northern Brazilian state of Roraima. CREDIT: Mario Osava/IPS

A unique case

Darora is not a typical case. It is part of the municipality of Boa Vista, which has a population of 437,000 inhabitants and good resources, it is close to a paved road and is within a savannah ecosystem called “lavrado”.

It is at the southern end of the São Marcos indigenous territory, where many Macuxi indigenous people live but fewer than in Raposa Serra do Sol, Roraima’s other large native reserve. According to the Special Secretariat for Indigenous Health (Sesai), there were 33,603 Macuxi Indians living in Roraima in 2014.

The Macuxi people also live in the neighboring country of Guyana, where there are a similar number to that of Roraima. Their language is part of the Karib family.

Although there are no large forests in the surrounding area, Darora takes its name from a tree, which offers “very resistant wood that is good for building houses,” Homero explained.

The community emerged in 1944, founded by a patriarch who lived to be 93 years old and attracted other Macuxi people to the area.

The progress they have made especially stands out in the secondary school in the village “center”, which currently has 89 students and 32 employees, “all from Darora, except for three teachers from outside,” Homero said proudly.

A new, larger elementary and middle school for students in the first to ninth grades was built a few years ago about 500 meters from the community.

Water used to be a serious problem. “We drank dirty, red water, children died of diarrhea. But now we have good, treated water,” said Adélia da Silva.

“We dug three artesian wells, but the water was useless, it was salty. The solution was brought by a Sesai technician, who used a chemical substance to make the water from the lagoon drinkable,” Homero said.

The community has three elevated water tanks, two for water used for bathing and cleaning and one for drinking water. There are no more health problems caused by water, the tuxaua said.

His current concern is to find new sources of income for the community. Tourism is one alternative. “We have the Tacutu river beach 300 meters away, great fruit production, handicrafts and typical local gastronomy based on corn and cassava,” he said, listing attractions for visitors.

© Inter Press Service (2023) — All Rights ReservedOriginal source: Inter Press Service

Check out our Latest News and Follow us at Facebook

Original Source

Exit mobile version