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  • MIL-OSI Banking: Transparency International calls on Green Climate Fund to strengthen the protection of whistleblowers

    Source: Transparency International

    In an open letter addressing the Board of the Green Climate Fund (GCF), Transparency International recommends key improvements to the fund’s policy on the protection of whistleblowers and witnesses. The call comes in light of the growing scale of climate action investments, which present heightened risks of corruption and require strong governance frameworks to safeguard against malpractice.

    The GCF manages over 250 projects across 129 countries, valued at US$13.9 billion, with an aim to handle US$50 billion by 2030. Transparency International emphasises the importance of effective whistleblower protections to ensure accountability and prevent misuse of funds. Whistleblowing has proven to be the most effective way to uncover corruption, fraud and other malpractices.

    The GCF adopted its policy on the protection of whistleblowers and witnesses in 2018, and in June 2024 the GCF’s Independent Evaluation Unit (IEU) published a thorough and insightful evaluation of the GCF’s approach to whistleblower and witness protection. The evaluation will be discussed during a GCF Board meeting this week.

    Transparency International is urging the GCF to revise the policy to align with international best practices, incorporating our and IEU recommendations. Key concerns include the lack of clarity regarding the types of wrongdoing that can be reported under the current policy and the overly stringent requirements for whistleblower protection. Additionally, low awareness and trust in the system among GCF personnel significantly undermine its effectiveness. The GCF should expand the scope of the policy to cover reports of any unlawful, abusive, or harmful actions or omission. The policy should strengthen protections for whistleblowers, including those reporting anonymously, to national authorities, or to civil society organisations and the media in certain cases. Addressing retaliation effectively, improving confidentiality, enhancing communication with whistleblowers, and increasing accessibility of reporting channels and awareness of the policy are also essential steps.

    Marie Terracol, Whistleblower Protection Lead at Transparency International, said:

    “To enhance the effectiveness of the GCF policy on the protection of whistleblowers and witnesses, it is crucial that civil society organisations and key stakeholders are actively involved in its revision through timely and comprehensive public consultations. Their participation will bring valuable experience and expertise to the process, fostering greater awareness, trust and support among all potential users.”

    MIL OSI Global Banks –

    January 24, 2025
  • MIL-OSI Russia: IMF Staff Reaches Staff Level Agreement with Armenia on the Fourth Review of the Stand-By Arrangement

    Source: IMF – News in Russian

    October 21, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • IMF staff and the Armenian authorities have reached a staff-level agreement on the fourth review under the 3-year Stand-By Arrangement (SBA), which the Armenian authorities treat as precautionary. The SBA aims to support the government’s policy and reform agenda to maintain macroeconomic stability and foster strong, sustainable growth.
    • Armenia’s economy continues to grow strongly, with GDP growth projected to reach 6 percent in 2024, driven by domestic demand, before slowing to 4.9 percent in 2025.
    • Policy priorities include enhancing economic resilience, further mobilizing tax revenues to support priority spending while maintaining fiscal sustainability, strengthening institutional frameworks, and continuing structural reforms to boost labor productivity, enhance trade diversification, and improve the overall business environment.

    Washington, DC: An International Monetary Fund (IMF) team, led by Iva Petrova, visited Yerevan from September 18 to October 1, 2024, and held further virtual discussions afterwards for the fourth review under the Stand-By Arrangement (SBA) with Armenia. At the conclusion of the discussions, Ms. Petrova issued the following statement:

    “I am pleased to announce that the IMF team and the Armenian authorities have reached a staff-level agreement on policies for the completion of the fourth review under the three-year SBA, which supports Armenia’s economic reform program. The agreement is subject to approval by the IMF’s Executive Board, scheduled to consider this review in mid-December. This approval would enable access of about US$24.5 million (SDR 18.4 million), bringing total access to about US$122.7 million (SDR 92 million) since the SBA’s inception.

    “Armenia’s economic activity remains robust, with real GDP growing by 6.5 percent in the first half of the year, driven by domestic demand. Employment growth has been steady, averaging 19 percent since the start of 2023, while inflation has remained low at 0.6 percent year-on-year in September. The current account deficit has widened as transitory factors subside, and tourism and remittances continue to normalize. Preliminary data indicate that prudent execution of the 2024 budget has resulted in a small overall fiscal deficit through September 2024. Central government debt remains moderate at 48.4 percent of GDP at end 2023. The banking system enjoys strong capital and liquidity buffers, along with high profitability.

    “The strong growth momentum of the past few years continues to gradually normalize, with GDP growth expected to reach 6 and 4.9 percent in 2024 and 2025, respectively, as domestic consumption and external demand decelerate. Inflation is expected to remain low in the short term and gradually converge to the CBA’s inflation target in the medium term. Significant risks to this outlook include geopolitical tensions and potential growth setbacks in trading partners, a reversal of capital inflows, and surges in global food and energy prices. On the upside, growth could exceed expectations if net exports perform better than anticipated and if structural reforms and refugee integration are implemented more swiftly.

    “The draft 2025 budget appropriately accommodates priority spending needs, including national security and refugee integration. With rising spending pressures, however, careful medium-term expenditure prioritization and the introduction of new tax policies will be necessary to support fiscal consolidation in line with the fiscal rules and maintaining debt at a moderate level. Implementing reforms to strengthen medium-term fiscal planning, enhance public financial management—including through robust fiscal risk management, transparency, and governance—and bolster the public investment management framework remains critical to support fiscal efforts.

    “Amid low inflationary pressures, the Central Bank of Armenia (CBA) has continued its gradual reduction of the policy rate to steer inflation towards its target. Future rate decisions should continue to be guided by the evolution of inflation and inflation expectations. The flexible exchange rate should remain a key shock absorber, and the authorities’ commitment to maintaining healthy international reserve buffers is welcome. Ongoing efforts to improve monetary, foreign exchange, and financial regulatory transparency are helping enhance CBA’s policy communication, and efforts should continue to strengthen the CBA’s prudential and supervisory frameworks. With its continuous financial risk monitoring, including the recent increase in the countercyclical capital buffer, the CBA remains vigilant in mitigating financial sector risks.

    “The government’s structural reform agenda appropriately focuses on fostering inclusive growth, including by boosting labor force participation among the youth, women, and vulnerable populations, encouraging diversification in the country’s export basket and markets, and improving the business environment. Achieving these objectives requires developing and implementing concrete, fully costed employment and export strategies, prioritizing governance reforms, upgrading the insolvency framework, and rationalizing investment incentives to support quality investments.

    “The IMF team thanks the Armenian authorities, private sector, development partners, and the diplomatic community for fruitful discussions and cooperation.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Alexander Muller

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/21/pr-24386-armenia-imf-staff-reaches-staff-level-agreement-on-the-4th-rev-of-stand-by-arrangement

    MIL OSI

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI Africa: Education and gender equality: focus on girls isn’t fair and isn’t enough – global study

    Source: The Conversation – Africa – By Kathryn Watt, Research Manager, The Asenze Project, University of KwaZulu-Natal

    For the past two decades, investing in girls’ schooling has been hailed as a cornerstone of promoting gender equality in sub-Saharan Africa. Between 2016 and 2018 the World Bank Group invested US$3.2 billion in education projects benefiting adolescent girls.

    The logic is straightforward. Girls face significant barriers to education, among them poverty, insufficient academic support, adolescent pregnancy, child marriage, and school related gender-based violence. Reducing these barriers can substantially improve their educational outcomes.

    But is this approach – investing in girls’ education – fair to boys, and enough to make a meaningful impact on girls’ lives in the long term? Having studied the relationship between interventions and the way people’s lives develop in adverse contexts, we argue that the answer is no on both counts.

    We explain this view in a recent paper. In it we compare the different effects of directing development assistance: improving girls’ school enrolment, prioritising schooling for both girls and boys, and addressing barriers to gender equality throughout life.

    We used publicly available data for 136 low- and middle-income countries, including those in sub-Saharan Africa. We calculated the female-to-male ratio for important education indicators in each country to show where girls are ahead, on par or behind boys.

    Our findings suggest that the current focus on girls’ schooling may both unintentionally disadvantage boys and be a relatively inefficient means of advancing gender equality.

    Girls’ and boys’ education in sub-Saharan Africa

    We focused on two indicators to assess the current state of girls’ and boys’ education in the region:

    Harmonised learning outcomes measure learning and progress based on the results from seven different types of tests combined and made comparable among children attending school. They reflect the environmental inputs into learning and achievement, such as school quality. Completing secondary school, meanwhile, has been shown to increase a person’s potential for future development, opportunities for employment and higher education.

    In most countries in sub-Saharan Africa, girls are behind boys on secondary school completion. The average completion rate for boys is 30%. For girls it is just 24%. In southern Africa specifically, girls have higher completion rates than boys. Figure 1 shows where girls are ahead or behind on this indicator.

    Figure 1: Secondary school completion. Author provided (no reuse)

    In sub-Saharan Africa, the average harmonised learning outcomes score for boys is 301; it is 303 for girls. Our results show that, for most countries in the region, girls are achieving roughly equal scores to their male peers.

    Figure 2: Harmonised learning outcomes. Author provided (no reuse)

    This suggests that gender gaps in education are not as pronounced as is often portrayed.

    Firstly, although school completion rates are higher for boys, this gap is small, and overall completion rates remain low for both genders.

    Secondly, where boys are averaging higher levels of completed schooling, it is not due to better academic performance. Once enrolled, girls in the region tend to keep up with boys in school completion and academic performance.

    Rather than asking who is ahead, it’s more important to note that neither boys nor girls are doing well. Our results show that educational outcomes in sub-Saharan Africa – including school performance and completion – are alarmingly poor for both girls and boys.

    So, if all children in the region are clearly in need of support, why target education interventions at girls alone?

    Large disparities in later life

    The key to gender equality lies in ensuring girls and boys, and men and women, have the same opportunities to reach their potential from early life, through late childhood and adolescence, into adulthood.

    Research emphasises that human development does not hinge on any single factor such as schooling. Rather, it depends on capabilities built throughout life.

    In early childhood, proper nutrition, among other things, is crucial for developing a child’s basic physical and cognitive capabilities. These early investments protect the potential for human development.

    During childhood and adolescence, factors like quality schooling and social support allow young people to realise that potential.

    Finally, in adulthood, social norms and job opportunities determine how fully a person can use their realised potential.

    Our findings suggest that, on average, in low- and middle-income countries the development potential of girls and young women is protected and realised better than it is for boys and young men. But later in life, women don’t have as many opportunities as men to use that potential.

    This implies that initiatives focused on girls’ schooling are likely not the most effective means of promoting girls’ development or reducing gender gaps.

    Large disparities emerge later in girls’ lives. For example, our findings show that women earn less than men in almost every country in sub-Saharan Africa. These results reflect how patriarchal norms, particularly the unequal burden of housework and childcare, tend to push women into lower-paid informal or part-time work. Even when similarly qualified and in comparable positions, women typically earn less than men.

    Figure 3: Adult earnings. Author provided (no reuse)

    These findings, when considered in the context of the current state of education in the region, challenge the idea that focusing solely on girls’ education is enough to promote their lifelong development or meaningfully reduce gender inequalities.

    The argument that boys should not receive the same support as girls is weak.

    How to promote greater gender equality in sub-Saharan Africa

    Targeted interventions are likely to have the greatest impact where girls and women face the greatest barriers: in using their potential. That means, for example:

    Social protection policies, including childcare and reproductive health services, can ease women’s caregiving burden and give them the time and agency to fully participate in politics, the economy and society.

    There are also opportunities beyond government, where support for trade unions, for instance, has been shown to help narrow gender wage gaps.

    Addressing gender inequality requires a life-course approach. It should involve quality education for both genders, and tackling the policies, practices and social norms that marginalise women and girls, especially in the later stages of their lives.

    Sara Naicker, Jere Behrman and Linda Richter contributed to the research this article is based on. Dhyan Saravanja contributed to this article.

    – Education and gender equality: focus on girls isn’t fair and isn’t enough – global study
    – https://theconversation.com/education-and-gender-equality-focus-on-girls-isnt-fair-and-isnt-enough-global-study-240239

    MIL OSI Africa –

    January 24, 2025
  • MIL-OSI NGOs: Why should India’s human rights record matter in its bid for a permanent seat on the UN Security Council?

    Source: Amnesty International –

    There has been much talk of late about the possibility of India joining the UN Security Council (UNSC) as a permanent member, while most of the current permanent members have expressed public support for expansion of the UNSC.

    India has been falling far short of its domestic and international human rights obligations, and its desire to expand its role in the UN presents an opportunity to assess its record of engagement as a member of other UN political bodies, including the UN Human Rights Council (UNHRC).

    It’s important to review India’s pattern of engagement with the human rights architecture as a whole, including with  the Office of the High Commissioner for Human Rights (OHCHR) and UN human rights treaty bodies.

    Such analysis, as presented below, indicates that India has not been a strong leader at the UNHRC, willing to take difficult and principled stands with consistent application of human rights values; nor has it engaged particularly constructively with Council mechanisms. There is much room for improvement on India’s engagement with the human rights system in relation to its own domestic human rights challenges.

    MIL OSI NGO –

    January 24, 2025
  • MIL-OSI United Kingdom: British Ambassador to Iraq: Irfan Siddiq

    Source: United Kingdom – Executive Government & Departments

    Mr Irfan Siddiq OBE has been appointed His Majesty’s Ambassador to the Republic of Iraq in succession to Mr Stephen Hitchen.

    Mr Irfan Siddiq OBE has been appointed His Majesty’s Ambassador to the Republic of Iraq in succession to Mr Stephen Hitchen who will be transferring to another Diplomatic Service appointment.  

    Mr Siddiq will take up his appointment during March 2025.

    CURRICULUM VITAE      

    Full name: Irfan Siddiq     

    — —      
    2022 to present Nicosia, British High Commissioner  
    2021 to 2022 Full time Greek language training  
    2021 FCDO, Director, East and Central Africa  
    2018 to 2021 Khartoum, HM Ambassador  
    2017 to 2018 Plan International (External Secondment), Global Advocacy Director  
    2016 to 2017 FCO, Head, Secondments Unit  
    2013 to 2016 Baku, HM Ambassador  
    2011 to 2013 FCO, Head, Arab Partnership Department  
    2010 to 2011 Baghdad, Deputy Head of Mission  
    2007 to 2010 Damascus, Deputy Head of Mission  
    2005 to 2007 FCO, Private Secretary to the Foreign Secretary  
    2004 to 2005 Washington, Iraq Political Officer, US State Department  
    2003 to 2004 Baghdad, Political Officer, Coalition Provisional Authority  
    2002 to 2003 Cairo, Second Secretary (Political / Press)  
    2000 to 2002 Full Time Arabic Language Training  
    1999 to 2000 New Delhi, Economic and Commercial Officer  
    1998 to 1999 FCO, Security Policy Department  
    1998 Joined FCO  

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI USA: Sen. Donzella James Honored with Pan-African American Leadership Award from African Women in Leadership Organization

    Source: US State of Georgia

    ATLANTA (October 21, 2024) — On Saturday, October 19,Sen. Donzella James (D–Atlanta) was honored with the prestigious Lifetime Achievement Recognition Award at the Pan-African American Leadership Awards ceremony. The ceremony, held in Atlanta, recognized the Senator for her decades of service to the people of Georgia.

    The Pan-African American Leadership Awards (PAALA) is an esteemed event that recognizes exceptional leaders of African descent and their contributions to the growth of African American communities in the United States and the continent of Africa. The event is part of an initiative by the African Women in Leadership Organisation (AWLO) to preserve Pan-African ideals and set the tone for sustaining Afri-capitalism, sustained democracy and the global competitiveness of the African continent.

    Sen. James expressed gratitude for the award, saying, “It is an incredible honor to receive PAALA’s Lifetime Achievement Award. This recognition is a brilliant testament to all we have accomplished in the 35th Senate District since I began serving the area in 1995. It is exciting to support Georgia’s thriving African-American community by celebrating and promoting meaningful events such as International Diaspora Day and Rosa Parks Day. These events are deeply humbling and profoundly inspirational, laying the foundation for the success that we, as a district, have come to be recognized for.”

    More information on the AWLO is available here.

    # # # #

    Sen. Donzella James serves as the Chair of the Senate Committee on Urban Affairs. She represents the 35th Senate District, which includes portions of Douglas and Fulton counties. She may be reached by phone at 404.463.1379 or by email at donzella.james@senate.ga.gov

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Africa: Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble because of government overspending

    Source: The Conversation – Africa – By Jonathan Munemo, Professor of Economics, Salisbury University

    The Reserve Bank of Zimbabwe devalued the ZiG by 43% on 27 September 2024. This weakened the official exchange rate from 13.9 ZiG per US dollar to 24.4 ZiG per US dollar.

    The ZiG (Zimbabwe Gold) is the nation’s newest currency and was launched in April 2024.

    The unexpected devaluation was prompted by the need to contain resurgent exchange rate pressure which started back in August due to higher food import costs and a slide in mineral export sales. The central bank decided to ease this pressure by lowering the value of the currency instead of burning reserves to keep its value steady at 13.9 ZiG per dollar.

    The strain on the ZiG has intensified in the aftermath of the devaluation. It has weakened even further to more than 26 ZiG per dollar as of 18 October. This has raised speculation that it will continue to weaken.

    This would have a number of negative consequences. It would keep upward pressure on import prices, hurting households and businesses. If this happened, Zimbabwean households already hit by falling paycheques and savings might cut back further on spending.

    The strain on the currency also risks reigniting inflation. The risk comes after monthly inflation ticked up to 1.4% in August and then climbed to 5.8% in September. Resurgent inflation would also increase costs for businesses and threaten to stifle investment. That was on display in 2000-08 and 2019-20 when price instability dampened economic activity and created a costly business environment which discouraged investment.

    A further risk factor from currency instability is that it would deter foreign investors worried about the ZiG as a reliable store of value. The prospect of declining business investment, loss of confidence in the ZiG, and anaemic consumption would in turn be a major drag on economic activity. Economic growth in 2024 is expected to slow down to 2% from 5% last year. El Niño-induced drought, lower mining prices, and macroeconomic instability are among the key reasons.

    This is the sixth time Zimbabwe’s authorities have attempted to establish a stable national currency in the past 15 years. The history of failed attempts has cast a long shadow on the ZiG. The recent devaluation has not eased concerns about Zimbabwe’s struggles to develop and maintain a domestic currency that can be widely used for transactions and as a store of value on a voluntary basis.

    I have long thought the devaluation was inevitable. Authorities must confront the fundamental causes, which are rooted in a loss of faith in the ability of government to manage spending. In particular, its habit of printing money, overspending on its budgets and failing to expand the economy.

    Interventions

    The ZiG is part of a multicurrency system which allows individuals to use other major currencies including the US dollar, euro, South African rand and pound sterling.

    To increase the ZiG’s uptake, authorities imposed a number of measures. The new unit has to be used for paying a portion of company taxes and most government services. Fines are issued to traders unwilling to accept ZiG payments.

    Measures like these are not sufficient because they do not consider the real problems hindering success of the Zimbabwe dollar.

    The central bank also announced that it aims to slow the ZiG’s decline by imposing currency controls and raising the benchmark policy rate (the rate used to implement its monetary policy) from 20% to 35%. The jump in the cost of borrowing triggered by these measures will further weigh on business investment and consumer spending.

    Gains to Zimbabwean exporters from a cheaper ZiG are unlikely to be substantial because of an El Niño-induced drought which has devastated crops in southern Africa. And dollar earnings for Zimbabwe’s mineral exports have been hurt by lower commodity prices. The agriculture and food sector contributes about 17% to GDP and 40% of total export earnings on average, while mining accounts for about 12% of GDP and 80% of total exports.

    My worry is that a cheaper ZiG may not juice exports and reduce the trade shortfall of US$1,453 million recorded last year, given the hit to commodity prices and adverse impact of drought on agricultural production. A bigger trade deficit will keep downward pressure on the currency. The weaker ZiG could however boost inbound tourism.

    To retain a stable domestic currency, authorities will have to address deeper structural causes rooted in the country’s long history of printing money to pay for government overspending amid slow economic expansion. That means:

    • slashing the budget while giving greater spending priority to health, education, public infrastructure and other critical investments.

    • government weaning itself off dependence on printing money to finance fiscal deficits

    • supporting credible policies for more sustainable and private-sector led growth and policies for capturing more revenue from growth.

    Precedents

    This is not the first time that the Zimbabwe dollar has been unstable and weak. In the 2000s, printing money to finance government deficit spending produced periods of high inflation amid slow growth, making the currency weak and unstable.

    The currency eventually collapsed in 2009 due to hyperinflation and the US dollar became the official currency.

    Another local currency (the RTGS dollar) was later introduced in 2019. With the power to print more money restored, inflation rapidly accelerated and surpassed 500% in 2020. This made the new Zimbabwe dollar highly unstable and its value quickly deteriorated.

    As a result, the US dollar continued to be the dominant currency used in transactions and as a store of value. Inflation remained elevated until April 2024, when the ZiG was launched as the new national currency. Its value is backed by gold and foreign currency reserves.

    At first the move seemed to have tamed inflation. But widespread voluntary use of the ZiG failed to materialise. That’s because people are still wary of the government’s power to print money, which had been the key driver of inflation and currency instability.

    What policy makers can do

    Authorities must tackle the root causes of the nation’s currency struggles once and for all. Steps that can be taken to resolve longstanding structural factors include:

    • Re-prioritising public spending by undertaking deep fiscal reforms that will divert more resources towards spending on health, education, public infrastructure and other critical investments needed to boost growth. These reforms should also aim to capture more revenue from growth, for example, through tax reforms.

    • Implementing reforms to address corruption and improve governance is essential for imposing the discipline necessary to push back against covering fiscal deficits by printing money and for restoring faith in government institutions.

    • Pursuing credible policies for more sustainable and private-sector led growth. Strong growth expands tax revenues and gives the government more policy space to spend on essential services and critical investment needs.

    Devaluation and other measures that have been imposed to support the ZiG are not the solution.

    – Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble because of government overspending
    – https://theconversation.com/zimbabwes-zig-devaluations-wont-fix-a-currency-thats-in-trouble-because-of-government-overspending-241686

    MIL OSI Africa –

    January 24, 2025
  • MIL-OSI USA: First Lady Cathy Justice places 39th Friends With Paws therapy dog in Barbour County

    Source: US State of West Virginia

    CategoriesEnglish, MIL OSI, US State Governments, US State of West Virginia

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    BELINGTON, WV — First Lady Cathy Justice visited Belington Middle School today for an assembly to celebrate the arrival of the state’s newest therapy dog through the Friends With Paws program. The dog introduced at today’s event is a female Golden Retriever, named Gia.

    “We are so excited to welcome Gia to Belington Elementary and Middle School,” said First Lady Cathy Justice. “As the 39th therapy dog through the Friends With Paws program, she will bring so much love and comfort to our students, helping them feel safe, supported, and ready to learn. Gia will be a wonderful addition to the school family, and we look forward to seeing all the positive impacts she’ll bring to the lives of students and staff.”

    Several Barbour County school officials were in attendance to help celebrate Gia’s arrival.

    “We are incredibly grateful to First Lady Cathy Justice for gifting us with Gia, our new therapy dog,” said Eddie Vincent, Superintendent of Barbour County Schools. “Gia will be a wonderful addition to our school community, providing comfort, support, and a sense of joy to our students and staff. This generous gift underscores the importance of nurturing not only the minds but also the hearts of our students, and we are excited to see the positive impact Gia will have on everyone she meets.”

    The Friends With Paws program places certified therapy dogs in several schools across the state, providing companionship and comfort for students in need of a boost. As of today, a total of 39 Friends With Paws therapy dogs, including Gia, have been placed throughout the state.

    Therapy dogs are specially trained to provide comfort and support to people in various tense environments. They can help people feel at ease, improve their mood, relieve anxiety, and remove social barriers. Friends With Paws therapy dogs are highly trained and certified to show their ability to work in stressful environments, ignore distractions, and provide therapy to people with diverse backgrounds and circumstances.

    Barbour County Communities In Schools County Contact, Chris Derico, has worked for weeks with the Office of First Lady Justice, ensuring that the school students and staff are prepared for Gia’s arrival, “We are thrilled to welcome our new therapy dog to the Communities In Schools program at Belington Elementary and Middle Schools. This addition will provide invaluable emotional support to our students, creating a more nurturing and calming environment. The presence of Gia will help us build stronger connections with students, reduce stress, and promote positive mental health, making a lasting impact on their educational journey and overall well-being.”

    Following today’s assembly, students and staff had the chance to greet Gia.

    “We are thrilled to have Gia join the Belington Elementary family,” said Principal of Belington Elementary, Cindy Sigley. “Gia will not only brighten our hallways but also help foster an environment where kids will want to come. We can’t wait for Gia to stroll the halls of Belington Elementary School.”

    “We are excited to welcome our new therapy dog to Belington Middle School,” said Ben Shew, Principal of Belington Middle School. “This addition of Gia to our school will enhance both the mental health and academic success of our students.”

    The Friends With Paws program is a partnership between the Governor’s Office, West Virginia Communities In Schools (CIS) Nonprofit, and the West Virginia Department of Education. Therapy dogs are placed in schools within CIS counties where students are disproportionately affected by poverty, substance misuse, or other at-risk situations, and are in the greatest need of a support animal. The dogs serve as a healthy and friendly outlet for these students to address trauma and other social-emotional issues.
     

    More information about Friends With Paws can be found in Communities In Schools: Friends With Paws, a documentary produced by West Virginia Public Broadcasting. Click HERE to view the documentary.
     
    A 2019 study published by the National Institute of Health found that a dog’s presence in the classroom promotes a positive mood and provides significant anti-stress effects on the body.

    In addition, research shows that the simple act of petting animals releases an automatic relaxation response. Therapy animals’ lower anxiety and help people relax, provide comfort, reduce loneliness, and increase mental stimulation. They are also shown to lower blood pressure and improve cardiovascular health, reduce the number of medications some people need, help control breathing in those with anxiety, and diminish overall physical pain, among other profound benefits.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Russia: IMF Executive Board Concludes the Review of Charges and the Surcharge Policy, and Approves Reforms

    Source: IMF – News in Russian

    October 21, 2024

    • The IMF Executive Board reached consensus on reforms of charges, surcharges, and commitment fees that will substantially reduce the cost of borrowing from the General Resources Account (GRA) at a time of high global interest rates, while safeguarding the IMF’s financial capacity to support its members in need.
    • The reform package is expected to lower IMF borrowing costs for members by about US$1.2 billion annually and reduce payments on the margin of charges and surcharges on average by 36 percent. The number of surcharge payers is expected to decline from 20 to 13 countries (in FY2026).
    • The IMF will reduce the margin paid over the SDR interest rate and the time-based surcharge rate, and increase the borrowing thresholds above which level-based surcharges and commitment fees apply. These changes will take effect on November 1, 2024.

    Washington, DC – October 21, 2024: The Executive Board of the International Monetary Fund (IMF) on October 11, 2024 concluded the Review of Charges and the Surcharge Policy, which for the first time jointly covered charges, surcharges, and commitment fees. The review is part of a continuous effort to ensure the IMF’s lending policies remain fit for purpose and the IMF is able to support its members in a challenging global environment.

    The Executive Board reached consensus on a comprehensive package of measures to meaningfully reduce the cost of borrowing for members, preserve incentive mechanisms for prudent and temporary borrowing, and safeguard the strength of the IMF’s balance sheet.

    The reform package is expected to lower borrowing costs by about US$1.2 billion (SDR 880 million) annually. It will reduce payments on the margin of the rate of charge as well as surcharges on average by 36 percent. The number of surcharge payers is expected to decline from 20 to 13 countries (in FY2026).

    Charges and surcharges are important elements of the IMF’s cooperative lending and risk management framework. They provide incentives for prudent and temporary borrowing that help underpin the revolving nature of IMF resources and allow for the accumulation of reserves to mitigate financial risks. This supports the IMF’s financial foundation, enabling it to play its role as a lender at the center of the global financial safety net.

    The Executive Board approved the following changes:

    • Lowering the margin paid over the SDR interest rate by 40 percent, to 60 basis points from 100 basis points;
    • Increasing the borrowing threshold above which surcharges apply by 60 percent, to 300 percent of quota from 187.5 percent of quota;
    • Aligning the thresholds above which commitment fees apply to the overall annual and cumulative access limits under the GRA (200 and 600 percent of quota, respectively); and
    • Reducing the time-based surcharge rate by 25 percent, to 75 basis points from 100 basis points.

    These changes will become effective on November 1, 2024.

    The Board also approved the following: (i) setting a regular review cycle for the surcharge policy to allow for timely assessments and updates to the surcharge policy framework, every five years or earlier if warranted; (ii) strengthening disclosures and operational procedures to ensure that the authorities have adequate information on the cost of Fund borrowing earlier in negotiations of GRA financing; and (iii) allocating net income after distributions to the Special Reserve until it reaches the Precautionary Balances (PB) floor of SDR 20 billion. The formal decision to place net income after distributions to the Special Reserve is to be taken by the Board at the annual reviews of the Fund’s income position starting at end-FY2025.

    Executive Board Assessment[1]

    Executive Directors welcomed the Review of Charges and the Surcharge Policy. They considered that charges and the surcharge policy are integral parts of the Fund’s multilayered risk management framework, providing price-based incentives for prudent and temporary borrowing, helping to accumulate reserves to protect the Fund’s balance sheet against financial risks, and thus preserving the Fund’s cooperative lending model at the center of the global financial safety net. They noted that the review is an important part of a broader ongoing effort to ensure that the Fund’s lending policies continue to meet the needs of the membership in the current complex global context and agreed that the proposed reforms will meaningfully contribute to these efforts. 

    Directors noted that borrowing costs for members have increased considerably. The sharp rise in global interest rates in recent years pushed up the floating SDR interest rate and, as a result, the basic rate of charge. Meanwhile, Fund lending income increased notably, driven by an expansion of credit to near historical peaks, and the Fund reached its medium-term target for Precautionary Balances of SDR 25 billion in late FY2024, buttressing the strength of its balance sheet. 

    Directors agreed that policy changes should be guided by four principles: (i) meaningfully lowering the cost of borrowing for members; (ii) sustaining effective incentive mechanisms; (iii) preserving adequate income generation capacity; and (iv) maintaining policy simplicity. They broadly agreed that the proposed reforms were consistent with these four guiding principles. 

    Directors broadly supported the reform package outlined in the staff report. They noted that the package balances the interests of creditors and debtors by meaningfully reducing borrowing costs while preserving the price-based incentive mechanism and income generation capacity. They welcomed the expected 36 percent average reduction in borrowers’ costs on account of the lowering of the margin for the basic rate of charge and surcharges, which would help create additional policy space and improve their capacity to repay the Fund. At the same time, they noted that the income outlook after implementation of the proposed measures remained robust, providing for a continued capacity to accumulate reserves, even after possible income distributions to members and under adverse lending and/or investment income scenarios.  

    Directors broadly supported the proposal to reduce the margin for the basic rate of charge from 100 basis points to 60 basis points under Rule I 6(4). A number of Directors expressed their preference for a larger reduction in the margin to further lower the cost for GRA borrowers while being consistent with the relevant rules. A few others would have favored a smaller reduction to safeguard the Fund’s strong financial position, which underpins its capacity to support member countries. 

    On surcharges, Directors agreed with the proposed approach of making parametric adjustments to the current policy framework, although a few would have preferred more fundamental changes to the surcharge architecture. Directors concurred with the proposal to increase the level-based surcharge threshold from 187.5 percent of quota to 300 percent of quota. 

    Directors supported the proposal to reduce the time-based surcharge rate from 100 basis points to 75 basis points. Some Directors, however, saw scope for further reductions in the time-based rate, including in future reviews, while a few others would have preferred to maintain the current rate. 

    Directors welcomed the proposal to align the commitment fee thresholds to the overall annual and cumulative access limits under the GRA (200 and 600 percent of quota, respectively). They noted that these alignments would broadly offset the erosion in recent years and simplify the overall GRA lending policy framework.  

    Directors welcomed the proposal to conduct reviews of the surcharge policy on a regular five-year cycle going forward, which would allow for more timely assessments and updates to the surcharge policy framework and help enhance predictability for members and markets. They noted that reviews could be conducted earlier than every five years if warranted, for instance, by unexpected developments in the Fund’s income and reserves outlook. Some Directors would have preferred to agree now for the next review to take place in three years, followed by reviews on a five-year cycle. 

    Directors welcomed the proposed strengthening of procedures to ensure an earlier and more comprehensive disclosure of charges and surcharges in the negotiation of financial arrangements, to better inform country authorities’ borrowing decisions.    

    Directors stressed the importance of a strong balance sheet to support the IMF’s lending to members with financing needs. To further strengthen the backstop provided by Precautionary Balances for the absorption of possible losses, they agreed with the staff proposal, going forward, to align the level of resources placed in the Special Reserve of the General Resource Account (net of pension adjustments and the endowment) with the SDR 20 billion floor of the Precautionary Balances. Directors noted that this could be achieved by allocating net income after any distributions in future financial years exclusively to the Special Reserve until it reaches the level of the Precautionary Balances floor. Decisions to this effect would be taken by the Board at the annual reviews of the Fund’s income position starting at end FY2025. 

    Directors underscored the need to carefully communicate to a wide range of stakeholders the purpose of the policies, the reform measures, and their impact on member countries and the IMF.

    Additional links:

    FAQs on the Review of Charges and the Surcharge Policy

    Factsheet on IMF Lending

    [1] At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/21/pr-24385-imf-concludes-the-review-of-charges-and-surcharge-policy-and-approves-reforms

    MIL OSI

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI United Kingdom: Camera enforcement to be introduced at two schools streets

    Source: City of Leicester

    PLANS to improve road safety and air quality on two streets close to local schools using new enforcement powers have been given the go-ahead by the city council.

    Last year, Leicester City Council was awarded designated authority status by the Department for Transport. This gives the council permission to use camera enforcement to deal with so-called moving traffic offences.

    Now the city council plans to use camera enforcement to penalise drivers who flout restrictions on Northfold Road and Eastcourt Road which border Overdale infant and junior schools, in Knighton.

    Restrictions on the two school streets have been in place since an initial trial in February 2022 and prohibit access to motor vehicles during school run times – 8-9am and 2.30-4pm Monday to Friday – except for permit holders.

    The measures were introduced at the request of local residents and the wider school community in an effort to improve air quality, road safety and traffic congestion at the beginning and end of the school day.

    Despite being clearly signed, and legally backed by traffic regulation order, motorists have continued to contravene the restrictions on a regular basis.

    The decision to use camera enforcement follows a consultation with local residents, parents at the Overdale schools and other members of the public.

    Cameras are due to be installed and brought into operation in the coming weeks. Residents on the two affected streets affected, and eligible parents at the schools, will be contacted in advance to apply for exemption.

    For an initial period of six months, first offences will result in drivers being issued with a warning notice.

    Subsequent contraventions will result in drivers being issued with a penalty charge notice.

    This will be charged at £70, or at discounted rate of £35 if paid within 21 days.

    Cllr Geoff Whittle, assistant city mayor for transport and environment said: “Camera enforcement can be a very effective way of deterring motorists from committing traffic offences that are dangerous or obstructive for other road users.

    “That’s why we’re introducing these measures to help enforce restrictions on two school streets close to Overdale infant and junior schools.

    “The restrictions here were originally introduced following feedback from local residents and families at the schools and it’s important that we do whatever we can to discourage people from ignoring them.”

    Under the Traffic Management Act 2004, councils can apply to the Government to take on the responsibility for traffic offences, by applying for a designated authority status. This gives councils powers to enforce areas such as box junctions, one-way streets, no-entry signs or other prohibited traffic movements, along with bus lanes, cycles lanes and pedestrian zones for example.

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI NGOs: Northern Ireland: Government’s appeal of Troubles Act judgement a ‘betrayal’

    Source: Amnesty International –

    Amnesty has today said the UK Government is betraying its own legacy commitments and failing victims by diluting its election promise to repeal and replace the widely opposed Troubles legacy Act. Amnesty made the comments today at a press conference in Belfast, held along with victims following the Government’s decision to seek to appeal a court of appeal judgment which found core parts of the Troubles Act including the Independent Commission for Reconciliation and Information Recovery (ICRIR) to be unlawful.

    Grainne Teggart, Amnesty UK Deputy Director in Northern Ireland said:

    “The UK Government’s decision to appeal, is a betrayal of their own legacy commitments and fails victims. It is a staggering dilution of their pre-election position.

    “The Government’s decision raises serious questions about their commitment to their own promise to repeal and replace the Troubles Act.

    “The Government needs to own this change of direction. The categorical pledge by the Labour party prior to the election was to repeal and replace the Troubles Act. That pledge has been increasingly qualified over recent months, and we now see them propping up the legacy body established by the last Government.

    “The Government should change course again, immediately, and fulfil their manifesto promise to repeal the Troubles Act. This should be done in full, as well as abandoning any attempt to prop up the ICRIR, which was condemned by the court ruling and by victims groups alike.

    “Stormont House Agreement remains the foundation on which to build.”

    On Friday 20 September, the Court of Appeal in Belfast ruled that the Independent Commission for Reconciliation and Information (ICRIR) was not human rights compliant in respect of effective victim participation and that the Troubles Legacy Act gives the UK Government too much veto power over the disclosure of material.

    Martina Dillon, whose husband, Seamus, was shot and killed outside the Glengannon Hotel in Dungannon on 27 December 1997 said:

    “Repeal and replace the universally-opposed Troubles Act as well as the investigations body which is a hangover from the last Government’s flawed plan. That’s what we were promised and that’s what we are now demanding.

    “The Secretary of State should categorically not be seeking to prop up a body he should clearly see there are problems with. Anything short of the return of my inquest is unacceptable. Others who need inquests should have access to them too. Victims have waited long enough for justice for our husbands, brothers, sisters, and children. Enough is enough, we won’t be fobbed off again.”

    MIL OSI NGO –

    January 24, 2025
  • MIL-OSI: Live Oak Ventures Participates in Financing of Synply, Inc.

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) — Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks.

    “Live Oak’s entrepreneurial environment is fertile ground for new and exciting companies like Synply to enter the fintech landscape,” said Stephanie Mann, Live Oak Bank Chief Strategy Officer. “After incubating the Synply platform at Live Oak, we are excited to see the company level the playing field for all banks to compete in the syndicated loan space.”

    Synply offers banks a simplified tool to centralize the entire process of syndicated lending and portfolio management.

    “We built Synply because we saw a critical need for a modern and intuitive platform specifically designed for the loan syndication process,” said Corbin Penland, CEO of Synply and former managing director of loan syndications at Live Oak Bank. “Our team of experienced bankers understands the pain points associated with current tools and workflows. Synply empowers banks to focus on building relationships and growing their business, not managing cumbersome processes.”

    The Synply platform offers end-to-end efficiency by allowing all banks participating in a loan to manage the entire loan syndication process, from origination to servicing, all within one platform.

    About Live Oak Ventures
    Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NYSE: LOB), is a fintech-focused investor that aims to bring innovation and performance excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital solutions to the market, Live Oak Ventures intends to change the landscape of financial services and small business banking.

    About Synply
    Synply is a cloud-based technology company dedicated to transforming the loan syndication process for banks. Developed by experienced bankers and incubated within Live Oak Bank, a leading industry player, Synply offers a comprehensive and user-friendly platform that empowers banks to easily navigate the complexities of loan syndication.

    Contact:
    Claire Parker
    Live Oak Bank, SVP Corporate Communications
    910.597.1592
    claire.parker@liveoak.bank

    The MIL Network –

    January 24, 2025
  • MIL-OSI: Real Matters to Announce Fourth Quarter and Fiscal 2024 Financial Results on November 21, 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will announce its fourth quarter and fiscal 2024 financial results via news release on Thursday, November 21, 2024, before market open.

    Conference Call and Webcast         
    A conference call to review the results will take place at 10:00 a.m. (ET) on Thursday, November 21, 2024, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Rodrigo Pinto. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.

    To access the call:

    • Participant Local (Toronto): (416) 764-8624
    • Participant Toll Free Dial-In Number: (888) 259-6580
    • Conference ID: 77493257

    To listen to the live webcast of the call:

    The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call.

    About Real Matters
    Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit http://www.realmatters.com.

    For more information:
    Lyne Beauregard
    Vice President, Investor Relations and Corporate Communications
    Real Matters
    lbeauregard@realmatters.com
    416.994.5930

    The MIL Network –

    January 24, 2025
  • MIL-OSI United Kingdom: Cutting-edge ‘immersive classroom’ unveiled at Ryhope Junior School

    Source: City of Sunderland

    A brand-new immersive classroom incorporating virtual reality (VR) and tools for interactive learning, has been opened at Ryhope Junior School thanks to £50,000 investment from Together for Children (TfC).

    The new classroom uses technology such as virtual and augmented reality (AR), including visuals, wind effects and scents to bring learning to life, allowing pupils to explore ancient civilizations, tour local landmarks, or conduct experiments in a simulated science lab.

    The classroom has already been used to teach pupils about local history, and during a lesson about the coal mining heritage of Ryhope students got to experience what it was like to work in the mines through an AR simulation.

    It can be used just for fun as well as lessons; students can play games and even take a virtual zipwire tour over London.

    Now, TfC hopes to use this first immersive classroom as a pioneer to showcase the possibilities to other schools in the city.

    Teachers at Ryhope Junior School hope that the new classroom will help to boost pupil engagement and make lessons more dynamic, enjoyable, and interactive.

    The school’s headteacher Fiona Lynn said: “This immersive classroom will open up a world of possibilities for our children. It provides a unique opportunity to make learning more interactive and engaging, particularly for those students who thrive in hands-on environments.

    “The technology will also allow us to tailor the experience to each student, making learning not only more effective but also more enjoyable. It’s also about fostering collaboration and creativity among students. With interactive smart boards and collaborative digital platforms, pupils can work together on projects in real-time, even when they’re in different locations.”

    Councillor Michael Butler, Sunderland City Council’s Cabinet Member for Children’s Services, Child Poverty and Skills, said: “We’re delighted to see the pioneering immersive classroom up and running at Ryhope Junior School. It has so many uses for interactive learning, and will support children with anxiety or additional needs as they can take interactive trips and build confidence. The classroom is a tool which we hope will benefit all pupils and be built into the curriculum to help them thrive at school.”

    Ryhope Junior School’s Computing Lead Michael Simpson believes the immersive experience is already impacting learning outcomes. He said: “We’re seeing pupils more engaged than ever before. The combination of visual, auditory, and hands-on learning caters to a wide range of learning styles, which helps us ensure that every child reaches their potential.

    “As schools across the country begin to adopt more immersive learning environments, Ryhope Junior School is proud to be at the forefront of this educational revolution. The introduction of this new classroom marks a significant step forward in providing students with a 21st-century learning experience that is not only educational but also memorable and fun.”

    Simon Marshall, TfC Chief Executive and Director of Children’s Services said: “We’re always looking at ways to boost the curriculum and enhance the ways children learn. When we approached Ryhope Junior School with the opportunity to access funding for this project, staff were excited to try something new and showcase exciting technology to pupils and parents.

    “The technology gives the school the freedom to add to the curriculum by adding their own videos geared towards local knowledge, which means the children can virtually travel everywhere from Penshaw Monument to the deepest oceans via New York, and even past a Gruffalo!”

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI: StepBet Partners with Bestselling Author Alison Espach for First-Ever BookWalk

    Source: GlobeNewswire (MIL-OSI)

    The event is designed to encourage participants to meet their personal wellness goals while connecting with other readers of the New York Times bestselling novel, The Wedding People.

    BOSTON, Oct. 21, 2024 (GLOBE NEWSWIRE) — StepBet, a gamified fitness app that motivates users to achieve their wellness goals through personalized walking challenges, announced a partnership with New York Times bestselling author Alison Espach. Together, they are launching StepBet’s first BookWalk, a five-week walking book club, featuring Espach’s latest bestseller, The Wedding People, starting on October 28th.

    The BookWalk will allow participants to join a StepBet game specifically designed around The Wedding People, in which users will engage in a community-driven walking challenge and participate in book discussions within the StepBet app. This initiative brings together fitness enthusiasts and book lovers, motivating them to stay active while engaging with literature.

    As more individuals lean into the physical and mental health benefits of walking, they are turning to apps like StepBet to track movement and motivate them to walk on a daily basis. StepBet’s BookWalk offers people new ways to achieve their walking goals, have fun, and connect with like minded individuals with a shared appreciation for reading.

    “This partnership with New York Times bestselling author Alison Espach for StepBet’s first-ever BookWalk blends our users’ love of walking with the joy of reading,” said Karetha Strand, CEO of Appex Group Inc, StepBet’s parent company. “It’s an important part of our commitment to continue enhancing the StepBet community experience.”

    Alison Espach, the author of The Wedding People, added, “The idea of combining movement with reading feels like the perfect way to connect with my readers. The Wedding People is a story about connection, and I can’t wait to see how our readers come together while on this walk.”

    StepBet integrates with popular fitness trackers like Apple Health and Fitbit to allow users to easily participate. The Wedding People has also been featured on the Today Show’s “Read with Jenna” list.

    About StepBet
    StepBet is a gamified fitness app that helps players achieve their fitness goals. Through personalized goals and group competitions, StepBet fosters a motivating and social environment for users to achieve their wellness objectives. Easy integration with popular trackers like Apple Health and Fitbit facilitates participation, making StepBet ideal for individuals seeking a new approach to fitness.

    Media Contact:
    Kerri Walsh
    Appex Group Inc
    kerri@joinappex.com

    The MIL Network –

    January 24, 2025
  • MIL-OSI Africa: Poverty in Lagos isn’t just about money – here’s why

    Source: The Conversation – Africa – By Oluwaseyi Omowunmi Popogbe, Lecturer II, Crawford University

    Lagos is Nigeria’s economic powerhouse, but it has some of the worst slums in the country.

    Lagos slums are characterised by high levels of poverty – the state of not having enough resources to meet basic needs for living, such as food, water, shelter, healthcare and education.

    Poverty is multidimensional. It is not only about money. Yet poverty in Lagos slums has often been studied using traditional methods that focus mostly on income thresholds. A person is considered poor if their income falls below a certain level. This approach captures financial hardship. But it misses other aspects of poverty, such as lack of access to education, healthcare, clean water and decent living conditions.

    Measuring poverty requires a multidimensional approach, not simply an income approach. Multidimensional poverty means looking at all the aspects of deprivation to get a fuller picture of what it means to live in poverty. It helps policymakers and researchers understand that even with some income, a person may still be struggling because they don’t have other essential services.

    In a study of poverty in the Lagos State slums, two other development economists and I used a mathematical framework to model multidimensional poverty. We used what is known as the fuzzy set approach. This was developed in the 1990s as an alternative to purely monetary measures of poverty.

    The traditional monetary approach often classifies people as either “poor” or “not poor” based on specific cut-off points. In reality, poverty exists on a spectrum, and people can experience different levels of deprivation across various aspects of their lives. The fuzzy set approach accounts for this by assigning degrees of membership to different poverty indicators.

    We found considerable disparities in poverty, based on a multidimensional index, across slums in Lagos State. Our insights will enable economists and policymakers to see the different ways people in slums are deprived. In turn this should help them understand how to make their lives better in a more targeted and effective way.

    Background and methodological approach

    Our study focused on five big slums that lie close to the coastal line in Lagos state. These are among the slums the World Bank has identified for upgrading as part of a US$200 million loan project to improve drainage and solid waste management.

    We chose 400 respondents from the five slums: Makoko, Iwaya, Ilaje, Ijora Badia and Amukoko.

    According to Avijit Hazra and Nithya J Gogtay, researchers in bio-statistics and research methodology, a minimum of 384 samples is appropriate for a large population size. Nevertheless, the selected sample for this study limits the ability to generalise the findings to other slums, especially those with different characteristics.

    Findings

    The multidimensional poverty index was highest in Makoko and Iwaya. These scores indicate severe poverty, as they are above the threshold of 0.50.

    In contrast, Amukoko had the lowest multidimensional poverty index, showing relatively less severe deprivation across indicators.

    Makoko and Iwaya are particularly deprived in areas like schooling, sanitation and nutrition. This explains their higher poverty levels compared to other communities.

    Makoko’s location along the coast, with its makeshift housing and poor infrastructure, adds to its vulnerability. Iwaya shares similar challenges in education and health services. These factors make both areas more deprived than other slums.

    Of the three broad poverty dimensions measured, education emerged with the highest deprivation across all communities. This highlighted the limited formal education among residents.

    Specifically, Makoko and Iwaya showed the highest deprivation in schooling. Despite some improvements, particularly in child enrolment, these communities are still marked by severe deprivation.

    The second dimension exhibiting severe deprivation was living standards. There were variations across different slums. Makoko and Iwaya had higher sanitation challenges.

    The third dimension in the severe deprivation category was health. Indicators included mortality and nutrition. They were high across many slums, contributing significantly to their multidimensional poverty indexes.

    Other communities, such as Amukoko (0.0312), showed better sanitation outcomes. On the other hand, electricity, flooring and cooking fuel indicators generally showed lower levels of deprivation, with most slums scoring around or below 0.03 in these categories.

    The prevalence of both serious and minor illnesses, coupled with insufficient medical care, contributed to high mortality rates.

    Poor sanitation could also be a factor in health issues. In Makoko and Iwaya, toilet facilities and waste management were poor, with waste often disposed of in waterways.

    Despite this, personal hygiene practices such as using clean water, soap and regular brushing were prevalent. This helped keep the sanitation index relatively low compared with other factors affecting health.

    Other slums had relatively better-organised waste collection systems and generally improved sanitation practices.

    What needs to be done

    Policymakers should prioritise education-focused initiatives. This should include improving access to quality schools, providing scholarships and setting up adult literacy programmes.

    The study also highlights challenges related to sanitation, especially in Makoko and Iwaya. There is a need for improved infrastructure in these areas, such as better sanitation facilities, waste management systems and access to clean water.

    Policies should focus on upgrading sanitation services to reduce health risks and improve living conditions.

    But the differences in poverty index across slums indicate varying levels of deprivation, suggesting that a one-size-fits-all approach will not be effective.

    Coastal slums like Makoko and Iwaya require more intensive interventions compared to slums not directly on coastal lines such as Amukoko.

    Policymakers should focus resources where they are most needed to have the greatest impact.

    Slums like Ilaje and Ijora Badia are close to the threshold of severe poverty. Policymakers need to take proactive measures to prevent these communities from falling into severe deprivation.

    Lastly, it is important to use data to identify priority areas and develop targeted interventions aimed at improving the quality of life for slum dwellers.

    Instead of relying on generalised approaches, the insights from this study can facilitate the design of specific policies that address the distinct needs of each community.

    – Poverty in Lagos isn’t just about money – here’s why
    – https://theconversation.com/poverty-in-lagos-isnt-just-about-money-heres-why-240847

    MIL OSI Africa –

    January 24, 2025
  • MIL-OSI: WTW Launches Structured Auto Buffer London Excess Facility to transform fleet risk management

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) — WTW (Nasdaq: WTW), a leading global advisory, broking, and solutions company, announced the launch of its new Structured Auto Buffer London Excess (StABLE) facility, providing an innovative risk financing solution through ‘Swing Plan’ structures. This new offering is an innovative dedicated structured Auto Liability solution in the marketplace that supports organizations with managing fleet risks while rewarding them for comprehensive risk management practices and favorable loss performance.

    The WTW StABLE facility enables clients to share in both the risk and reward of their fleet operations. If losses remain below a predetermined threshold, clients may receive some returned premium, with an option to commute the policy for additional returns. If losses exceed the threshold, additional premiums are capped, ensuring a balanced risk-sharing approach. The facility also offers tailored terms and conditions, including adjustments to premium structures that support cash flow, and options for policy reinstatement if limits are exhausted. Despite significant investment in fleet safety and telematic solutions, many insureds are not seeing the returns from carriers in the form of traditional limit deployment and associated reduced premiums. This new product offers customized insulation from broader portfolio pricing. With a multi-year structure, StABLE provides clients with greater budget transparency and clearly defined limits on potential losses.

    James Sallada, Head of Casualty North America at WTW, commented, “Our StABLE (Structured Auto Buffer London Excess) Facility is an innovative risk sharing solution that addresses concerns around restricted and/or increasingly expensive capacity. The facility is yet another example of WTW’s client-focused broking specialization, and it enables our team to quickly offer the broadest available terms and conditions, which can be tailored to meet specific balance sheet priorities for clients.”

    This innovative solution provides clients with a flexible and transparent approach to managing casualty risk. The facility is primarily targeted for owners, lessors, and brokers of large or heavy fleets of any vehicle type, including trucks, buses, and concrete mixers. Clients benefiting from this solution operate in a variety of sectors, such as delivery, construction, waste management, and public transport.

    Jon Drummond, Transportation and Logistics Industry Leader and Head of Broking, CRB North America, WTW, added, “As the complexity of casualty risk continues to evolve, our approach to structuring capital needs to evolve as well. This unique solution extends leverage to clients and allows them to optimize their capital spend to better control total cost of risk in an inflationary environment, particularly with respect to premium spend and loss costs.”

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance.

    Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

    Learn more at wtwco.com.

    Media Contacts

    Douglas Menelly
    Douglas.Menelly@wtwco.com +1 (516) 972 0380

    Arnelle Sullivan
    Arnelle.Sullivan@wtwco.com +1 (718) 208-0474

    The MIL Network –

    January 24, 2025
  • MIL-OSI United Kingdom: Local Plan approved for submission to the Secretary of State, by St Albans City and District Councillors

    Source: St Albans City and District

    Publication date: 21 Oct 2024

    A Local Plan for St Albans District’s future growth has been agreed by Councillors. St Albans City and District Councillors approved the draft Local Plan (LP) for the purpose of submission to the Secretary of State, at a meeting of Full Council.

    The LP identifies land for housing, employment developments and green spaces for the years to 2041.

    Residents, community groups, businesses, neighbouring local authorities, statutory bodies and other organisations have helped shape the document by giving their views in consultations.

    Councillor Paul de Kort, the Council’s Leader, said after the meeting on Wednesday 16 October: “I am delighted that Councillors have voted overwhelmingly to approve our Local Plan for submission to the Secretary of State.

    “Producing a Local Plan is one of the most challenging, complex and important tasks that a Council faces and it has taken more than three years of demanding work to reach this stage.

    “It is in the interests of our residents that we move forward with the Local Plan without delay otherwise we will be vulnerable to more speculative planning applications for inappropriate developments.

    “It is these opportunistic developments that most concern residents as they don’t take a strategic account of the impact on the local community and, as they are not included in a Local Plan, they contribute less to improving the local infrastructure. 

    “This Local Plan can protect the District from such random, piecemeal developments by providing for new housing, schools, parks, cycleways and employment centres in a strategic way.”

    The LP allows for the building of 15,000 new homes in the District over the next 17 years in accordance with current national planning policy guidelines. This will include 1,200 social rent properties, mainly three-bedroom homes, increasing the area’s social housing stock by around 25%.

    The LP also allows for a potential £750 million of infrastructure to support the proposed new residential areas. This includes nine new primary schools, four new secondary schools, improvements to public transport, locations for 15,000 jobs, and new green spaces and health facilities.

    Cllr de Kort added: “The Local Plan helps to address the housing crisis we see in the District and that the country is faced with. In our District, this is more challenging as house prices are among the least affordable in the country.

    “The Local Plan provides for the first significant increase in social housing in a generation. It also caters for the need for more starter homes for young families.

    “It has the potential to give the younger generation a much greater chance of living in the area they grew up in, whether as homeowners or tenants.”

    The LP is currently undergoing what is called the Regulation 19 Consultation. This allows for public comment on the draft LP’s compliance and ‘soundness’ with national planning policies. 

    A report on the feedback will be considered at a meeting of the Planning Policy and Climate Committee on Thursday 28 November. 

    Previously, it was intended to submit a draft LP in March next year. The timetable was brought forward to avoid potential changes to national planning policy that could mean starting the whole LP process again from scratch.

    The Regulation 19 consultation continues until Friday 8 November. More information, including the draft LP and other documents, is available at http://www.stalbans.gov.uk/new-local-plan.
     

    Media contact: John McJannet, Principal Communications Officer: 01727 819533, john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

    January 24, 2025
  • MIL-OSI: CFC To Host Conference Call on Fiscal Year 2025 First-Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    DULLES, Va., Oct. 21, 2024 (GLOBE NEWSWIRE) — The National Rural Utilities Cooperative Finance Corporation (CFC) will hold an investor conference call and webcast on Friday, October 25, at 1 p.m. Eastern Time. CFC CEO Andrew Don will provide a business update and CFC Senior Vice President and CFO Ling Wang will review CFC’s fiscal year 2025 first-quarter financial results.

    There are two ways to access the event:

    • Conference Call Option
      Domestic: 800-289-0438 | International: 323-794-2423
      Participant Code: 1393878
      Callers also can view a PDF of the slide presentation by visiting Webcasts & Presentations page on the day of the call. It will be posted just prior to the broadcast.

    A replay of the webcast will be available on the Webcasts & Presentations page after the event. CFC’s Form 10-Q for the period ended August 31, 2024, was filed with the U.S. Securities and Exchange Commission on October 11.

    About CFC
    Created and owned by America’s electric cooperative network, the National Rural Utilities Cooperative Finance Corporation (CFC)—a nonprofit finance cooperative with more than $36 billion in assets—provides unparalleled industry expertise, flexibility and responsiveness to serve the needs of our member-owners. CFC is an equal opportunity provider. Visit us online at http://www.nrucfc.coop.

    Contact:    Heesun Choi
    Capital Markets Relations
    investorrelations@nrucfc.coop
    800-424-2954
         

    The MIL Network –

    January 24, 2025
  • MIL-OSI USA: 52 Bipartisan Congressmembers Urge Biden Administration to Tighten Russian Oil Sanctions and Question Exception Approval

    Source: United States House of Representatives – Congressman Lloyd Doggett (D-TX)

    Contact: Alexis Torres, Alexis.Torres@mail.house.gov

    Washington, D.C.—U.S. Representatives Lloyd Doggett (D-TX-37) and Jake Auchincloss (D-MA-4) led a bipartisan effort to demand a tightening of Russian oil sanctions and to question an exception granted to a U.S.-based company, Schlumberger (SLB). Specifically, the lawmakers are questioning Treasury Secretary Janet Yellen and Secretary Antony Blinken as to why the Biden administration has permitted SLB to serve as an accomplice to Vladimir Putin.

    “We write regarding alarming findings that the U.S.-based company and world’s largest oilfield services firm SLB, widely known as Schlumberger, is expanding in Russia,” wrote the members. “Since Russia’s unjustified and illegal full-scale invasion of Ukraine in February 2022, SLB has signed new contracts, recruited hundreds of staff, and imported nearly $18 million in equipment into Russia. This U.S.-based company is keeping Vladimir Putin’s war machine well-oiled with financing for the barbaric invasion of Ukraine. We urge you to continue supporting our Ukrainian allies by pursuing more rigorous oil sanctions to effectively restrict Putin’s profits.”

    “My name is on the first sanctions legislation to become law shortly after the Russian invasion,” said Rep. Doggett. “Implementation of that and similar legislation by our allies has not prevented Putin from earning billions from oil exports. And unfortunately, North Korea and Iran are not the only places providing him help. By permitting his exports and permitting continued American company investments in Russia, Americans, and our European allies, are essentially funding both sides of this war. While well aware of concerns about the price of gasoline at the pump, we must stop oiling the Putin war machine to win this war, secure a just peace, and reparations.”

    “While Ukrainians fight and die on the front lines of freedom, a U.S. oil company is supporting the enemy,” said Rep. Auchincloss. “Oil is the lifeblood of the Russian war economy, which is why the West must stand united in tightening and enforcing oil sanctions. That begins by holding SLB and its collaborators accountable for evading allied sanctions, profiteering from pain, and fueling Putin’s ability to wage war.”

    Additional signers include Representatives Sheila Cherfilus-McCormick (FL-20), Josh Gottheimer (NJ-05), Marcy Kaptur (OH-09), Barbara Lee (CA-12), Wiley Nickel (NC-13), Jared Huffman (CA-02), Dan Goldman (NY-10), Danny Davis (IL-07), Jim Costa (CA-21), Sean Casten (IL-06), Steve Cohen (TN-09), Adam Schiff (CA-30), Susan Wild (PA-07), Joe Wilson (R-SC-02), Hank Johnson (GA-04), Tom Suozzi (NY-03), Brad Sherman (CA-32), Zoe Lofgren (CA-18), Nikema Williams (GA-05), Gerry Connolly (VA-11), Mark Pocan (WI-02), Madeleine Dean (PA-04), Jamie Raskin (MD-08), Earl Blumenaur (OR-03), Seth Magaziner (RI-02), Chris Deluzio (PA-17), Patrick Ryan (NY-18), Chris Smith (R-NJ-04), Bonnie Watson Coleman (NJ-12), Salud Carbajal (CA-24), Raúl Grijalva (AZ-07),  Don Bacon (R-NE-02), Juan Vargas (CA-52), Jerry Nadler (NY-12), Annie Kuster (NH-02), Emanuel Cleaver (MO-05), Frank Pallone (NJ-06), Paul Tonko (NY-20), Adriano Espaillat (NY-13), Ted Lieu (CA-36), John Larson (CT-01), Mike Quigley (IL-05), Jill Tokuda (HI-02), Kweisi Mfume (MD-07), David Trone (MD-06), Seth Moulton (MA-06), Brian Fitzpatrick (PA-01), Stephen Lynch (MA-08), Bennie Thompson (MS-02) and Ro Khanna (CA-17).

    The full letter can be found here.

    Rep. Doggett is a strong champion for a prosperous Ukraine, consistently urging Congress and the Biden administration to take further actions in holding Putin accountable and ensuring full support for a Ukrainian victory. In 2022, the morning after Putin launched his unprovoked and illegal invasion, Rep. Doggett filed the first sanctions legislation, which later became law, to prohibit the direct import of energy products from Russia into the United States. The following year, he introduced the bipartisan Ending Importation of Laundered Russian Oil Act to close a “refining loophole” that allows Russian oil to be laundered through third-party countries and sold in the U.S. as gasoline and other petroleum products—therefore linking American consumers to financing parts of Putin’s war machine. In recent months, Rep. Doggett expanded his efforts to prevent Russia from continuing to profit off Western countries by publishing an opinion piece in Foreign Policy, calling for U.S. sanctions against a network of companies associated with Rosatom, Russia’s state-owned nuclear corporation.

    MIL OSI USA News –

    January 24, 2025
  • MIL-OSI Economics: ICC Antitrust Compliance Toolkit

    Source: International Chamber of Commerce

    Headline: ICC Antitrust Compliance Toolkit

    Competitive markets

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    More concise and user-friendly, the ICC Antitrust Compliance Toolkit has been updated to reflect the evolving landscape of antitrust risks and compliance practices over the last decade. The toolkit offers practical tools and guidance to build a credible corporate antitrust compliance programme.

    Share this:

    The second edition of the ICC Antitrust Compliance Toolkit includes comprehensive guidance for antitrust experts and non-experts alike on how to:  

    • build a compliance culture,  
    • conduct risk assessments, and  
    • implement effective monitoring and improvement measures.  

    Key facts: 

    • Integrating antitrust compliance into everyday business practices is vital. The ICC Antitrust Compliance Toolkit provides actionable guidance to establish a compliance culture and is a vital resource for companies looking to navigate the complexities of antitrust compliance. 
    • Processes alone are not enough. Fostering a culture of compliance starts with individual commitment. 
    • Understanding specific antitrust risks helps tailor internal trainings and response strategies effectively.  
    • Antitrust compliance requires continuous evaluation of compliance effectiveness, which is key to adapting to dynamic regulatory landscapes.  

    Why is the ICC Antitrust Compliance Toolkit relevant? 

    Complying with competition law makes good business sense. Regardless of a company’s size, competition law compliance places businesses ahead of the game.  

    At a time when antitrust violations are making headlines and penalty sizes are breaking records, it is vital that global businesses have the right tools to improve compliance with antitrust law. This is especially true given the last decade of rapid digital transformation, in which a number of new challenges have emerged.  

    Companies have adapted their business practices, while competition authorities have had to rethink how competition law is enforced. The updated ICC Antitrust Compliance Toolkit addresses these new challenges, including the risks associated with using artificial intelligence (AI). 

    What makes the ICC Antitrust Compliance Toolkit unique? 

    The ICC Antitrust Compliance Toolkit offers core principles for building a robust compliance programme – or reinforcing an existing one – with a local or global reach. Developed to complement existing materials, the toolkit seeks to enhance the understanding between business and antitrust agencies in relation to antitrust compliance programmes. It has received recognition and support from key competition agencies, most notably the European Commission. 

    Who is the ICC Antitrust Compliance Toolkit for?  

    The toolkit is intended for companies of all sizes, from SMEs to larger corporations, across various sectors. 

    It is particularly useful for in-house legal teams, compliance officers, and business leaders responsible for establishing or enhancing their company’s antitrust compliance programme. 

    It is also a valuable resource for professionals involved in risk management, such as audit and finance teams. 

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Economics: RBI updates the Alert List of unauthorised forex trading platforms

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has added the following entities/platforms/websites to the Alert List of unauthorised forex trading platforms. The updated Alert List is available here.

    Sr. No Name Website
    1 Ranger Capital https://www.rangercapital.net
    2 TDFX https://www.tdfx.exchange
    3 Inefex https://www.inefex.com/international
    4 YorkerFX https://yorkermarkets.com
    5 Growline https://grow-line.org
    6 Think Markets https://www.thinkmarkets.com
    7 Smart Prop Trader https://www.smartproptrader.com
    8 FundedNext https://fundednext.com
    9 Weltrade https://www.weltrade.com
    10 FreshForex https://freshforex.com
    11 FX Road https://www.fxroad.com
    12 DBG Markets https://www.dbgmarketsglobal.com
    13 Plusonetrade https://www.plusonetrade.com

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1351

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI China: China recovers 16B yuan in misused healthcare funds

    Source: China State Council Information Office 2

    Chinese authorities recovered over 16 billion yuan ($2.25 billion) in misused medical insurance funds during the first nine months of this year, according to official data released on Tuesday.
    At a press conference in Beijing, the National Healthcare Security Administration (NHSA) announced that it had conducted surprise inspections at more than 500 designated medical institutions participating in the national insurance scheme.
    These inspections, aimed at uncovering insurance fraud and misuse, covered all provincial-level regions, the NHSA stated.
    The administration pledged additional measures to ensure the security of healthcare funds and prevent future misuse.
    These efforts include expanding the scope of surprise inspections, enhancing self-inspection and rectification, strengthening big data monitoring, establishing a long-term regulatory framework, and increasing public exposure of violations.

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI China: Seawater intrusion incurs waterlogging on China’s northern coasts

    Source: China State Council Information Office 2

    High tides have poured seawater onto the land in coastal cities in northeast and north China’s Liaoning and Hebei provinces and Tianjin Municipality from Monday, submerging streets and triggering waterlogging.
    In Liaoning, the cities of Dalian, Yingkou, Panjin, Jinzhou and Huludao have suffered urban waterlogging, after the high tide.
    “I’ve lived in the neighborhood for more than 40 years, and I’ve never seen such a severe tidal upsurge,” said Zhang Xinghua, a fisherman at the Erjiegou neighborhood of Panjin.
    Zhang said the neighborhood is located in a low-lying area prone to attacks by tidal waves, especially when nearing winter, but this time the tides were “surprisingly large.”
    The city’s fire department on Monday dispatched 25 fire trucks and 150 firefighters, who took rubber boats for the search and rescue of people trapped in the waterlogging. By Monday night, 72 people were rescued and more than 120 were evacuated.
    As the tides ebbed Monday evening, seawater gradually retreated. Xinhua reporters saw water pumps still working round the clock on the streets in Panjin to drain water.
    “We are still checking risks in low-lying areas. No casualties have been reported,” said Liu Songlin of the sub-district office in Erjiegou.
    Meanwhile, seawater poured into residential houses on Monday in Luannan County, Tangshan City, Hebei Province. Local residents said they have not seen such a large tide in around 30 years.
    In the Binhai New Area of Tianjin Municipality, buses had to temporarily adjust regular routes to avoid the waterlogging area.
    The Liaoning provincial marine monitoring and forecasting center issued a Level-IV sea tide warning at 4 p.m. Monday, saying affected by a cold spell and cyclone, large waves up to 2.5 to 3.5 meters high would appear in the northern part of the Bohai Sea and the Yellow Sea from Monday night to Tuesday.
    Zhou Guanbo, a senior engineer at the China’s National Meteorological Center, attributed the seawater intrusion in Panjin and other places to storm surge superimposed with astronomical tide. This natural phenomenon leads to abnormal rise in tide water.
    He warned that seawater may affect drinking water safety, agricultural production and industrial production. 

    MIL OSI China News –

    January 24, 2025
  • MIL-OSI Russia: The IV Novosibirsk Scientific Readings in Memory of Academician Tatyana Ivanovna Zaslavskaya were held at NSU

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    The All-Russian Conference IV Novosibirsk Scientific Readings in Memory of Academician T.I. Zaslavskaya “Time of Change: Individual and Group Choice in Response to New Challenges” was held on October 17-19. The event was organized by Novosibirsk State University and the Institute of Economics and Industrial Engineering of the Siberian Branch of the Russian Academy of Sciences.

    The readings were held in the form of a series of six thematic round tables, the program of which was formed on the basis of participants’ applications: “Socio-economic relations and inequalities in modern Russia”, “Subjects of territorial relations: interests, behavior, interaction”, “Urban spaces and communities: transformation , development, conflicts”, “Dynamics of the labor market and employment in the context of digitalization and economic transformation”, “Spatial mobility and connectivity: what flows make space unified?” and “Development and preservation of human capital: trends, practices, factors.” Scientists from universities and institutes in several regions of Siberia and the Urals, as well as leading universities in Moscow, took part in them. Researchers from the Novosibirsk State University, Novosibirsk State Technical University, Siberian State University of Telecommunications and Informatics (Novosibirsk), Institute of Economic Forecasting of the Russian Academy of Sciences, Russian Academy of National Economy and Public Administration under the President of the Russian Federation, Higher School of Economics, Moscow State University presented their reports. . M.V. Lomonosov, Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg), Ural Federal University named after. the first President of Russia B.N. Yeltsin (Ekaterinburg), Institute of Mongolian Studies, Buddhology and Tibetology SB RAS (Ulan-Ude), Khakass State University named after. N.F. Katanova (Abakan). The majority of nonresident conference participants were researchers from Moscow universities. Representatives of several scientific organizations traditionally participate in the conference.

    At the opening of the conference, the dean Faculty of Economics, NSU, candidate of sociological sciences Tatyana Bogomolova spoke about the history of the Novosibirsk economic and sociological school. Associate Professor of the Department of General Sociology of the Faculty of Economics of NSU, Head of the Department of Social Problems of the Institute of Economics and Industrial Production of the Siberian Branch of the Russian Academy of Sciences Olga Fadeeva spoke about rural (agrarian) research, which is the “calling card” of the Novosibirsk economic and sociological school.

    The conference was held in a mixed format, but most of the presentations were in person. About 60 participants presented their reports, including not only experienced researchers, but also students, postgraduates and interns of university laboratories. The organizers of the scientific readings deliberately did not single out their presentations in a separate section, recognizing the relevance of the research of young sociologists and economists. Thus, the reports were made by NSU master’s students – Daria Ivanova (“Public conflicts in the Novosibirsk Akademgorodok: participants’ ideas about justice and prospects for their rapprochement”) and Rinat Galiullin (“Modern urban segregation: conceptual foundations of analysis”).

    — Currently, research on urban problems is becoming one of the prominent areas, and at our conference a large block of speeches was devoted to the subjects of urban relations and urban conflicts. Reports were also presented on economic inequality, territorial relations, social aspects of the use of space and infrastructure, population migration, and the accumulation of human potential in a certain territory. Many messages were devoted to problems associated with digitalization, including relations in the labor market. It was discussed how moving many of the processes associated with registering unemployed status or finding a job into the digital space cuts off some job seekers and makes it easier for others to access them. Concluding our conference, we discussed how, due to digitalization, the data with which sociologists work is paradigmatically changing, and what new requirements arise for assessing their relevance, validity and other data quality criteria. On the one hand, we made sure that we were working on the current agenda and presented our research at the conference, on the other hand, we made new contacts, since researchers with whom we were not previously familiar responded to our invitation to take part in the Readings this year – said the head of the department of general sociology of the Faculty of Economics of NSU, leading researcher at the Institute of Economics and Organization of Industrial Production SB RAS Tatyana Cherkashina.

    The participants’ attention was drawn to the report on the study by young researchers from the Higher School of Economics Kirill Chertenkov, Olga Rodina and Mikhail Balaban “What determines the desire to move? Results of questionnaire surveys in 10 regions of Russia”. No less interesting was the report by another postgraduate student of the Higher School of Economics, Georgy Stalinov “Practices of self-organization of couriers, taxi drivers and truck drivers”.

    For the fourth time, representatives of the Center “Institute for Social Analysis and Forecasting” of the Russian Presidential Academy of National Economy and Public Administration took part in the scientific readings. This year, senior researcher Sofia Korzhuk spoke about the study “The Well-being of Foster Families: Obstacles and Ways to Achieve”, conducted jointly with leading researcher Alla Makarintseva. Alla Makarintseva herself gave a report “Factors of Intentions Regarding the Third Child: What Does the Analysis Show Using Machine Learning Methods”. She conducted the study of this problem jointly with senior researcher Alexandra Burdyak. Ekaterina Seredkina presented a report “Child Benefits as a Tool for Reducing Child Poverty in Russia: Microsimulation Analysis” about the study that she conducted together with Marina Kartseva and Polina Kuznetsova.

    A highlight of the IV Novosibirsk Scientific Readings was the presentation by Doctor of Economics, Professor, Head of the Department of Economic Sociology at the Higher School of Economics Vadim Radaev on the topics: “Crisis in Modern Education” and “Non-Standard Consumption: Characteristic Features, Causes and Consequences”.

    — The conference program was designed in such a way that the participants not only listened to the reports, but also discussed them with each other. And according to the feedback from those present, the organizers succeeded in this. Our Moscow colleagues who took part in the online readings showed interest in this format of communication and actively participated in the discussion of their colleagues’ presentations. This is very important for us, because the same processes look and manifest themselves differently from Moscow and Siberia. It seems to me that at the past conference we laid the foundations, if not for joint research, then certainly for fruitful scientific communication, — said Tatyana Cherkashina.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI Russia: Girls from the Faculty of Economics are the best volleyball players of NSU

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    Eight faculties took part in the women’s volleyball championship, which is included in the NSU Spartakiad. This year, the system of the competition was changed, so they played according to the Olympic program “with elimination”. As a result of the draw, pairs were determined. The losers were immediately eliminated, and the winners entered the semi-finals.

    The final match for 1st place between the EF and MMF teams turned out to be very intriguing. It was impossible to determine the winner until the end of the meeting, the girls fought equally, and only at the very last moment of the third game did the economists take the lead. The score of the games was 25:17, 17:25 and 16:14.

    As a result, the places were distributed as follows: 1st place – Faculty of Economics: Anna Remus, Anna Kuzminova, Anastasia Turaeva, Maria Kuminova, Ksenia Kopylova, Darima Bayartueva, Svetlana Ushakova, Ulyana Molodtsova and Ksenia Rekunova 2nd place – Faculty of Mechanics and Mathematics: Maria Bykovskaya, Polina Alekseeva, Asiya Golomolzina, Anastasia Trofimova, Anastasia Nagaeva, Alena Perevalskaya, Anastasia Snigur and Anastasia Moshkova 3rd place – Higher College of Informatics: Victoria Retyeva, Olga Vitmer, Sofia Kochetkova, Darya Kislaya, Polina Krokhova and Polina Efstifeeva 4th place – Institute of Philosophy and Law 5-8th places – Faculty of Natural Sciences, Faculty of Geology and Geophysics, Faculty of Philosophy and Law

    Anna Remus (EF) was recognized as the best player of the tournament.

    We congratulate the team of economists and wish them good luck and success in the upcoming Festival among the faculties of the Novosibirsk Region Universities. We thank the teachers of KaffV Svetlana and Vladimir Krylov for the excellent organization of the tournament.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    January 24, 2025
  • MIL-OSI Europe: State of the Russian economy examined

    Source: Government of Sweden

    State of the Russian economy examined – Government.se

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    Article from Ministry of Finance

    Published 22 October 2024

    Russia’s full-scale war against Ukraine continues with unabated intensity and far-reaching consequences for civilians. At the same time, Russia is spreading propaganda to try and portray the Russian economy as more well-functioning than it actually is. As part of efforts to combat this propaganda, the Swedish Government commissioned the National Institute of Economic Research to analyse economic developments in Russia. Last Wednesday, Minister for Finance Elisabeth Svantesson hosted a seminar in connection with the report’s conclusions.

    • Minister for Finance Elisabeth Svantesson.

      Photographer: Magnus Liljegren/Swedish Government Offices.

    • Minister for Finance Elisabeth Svantesson.

      Photographer: Magnus Liljegren/Swedish Government Offices.

    • Minister for Finance Elisabeth Svantesson, Torbjörn Becker, Director of the Stockholm Institute of Transition Economics (SITE) at the Stockholm School of Economics, Vladimir Milov, Russian opposition politician and economist, and Emil Wannheden, analyst at the Swedish Defence Research Agency (FOI).

      Photographer: Magnus Liljegren/Swedish Government Offices.

    • Minister for Finance Elisabeth Svantesson.

      Photographer: Magnus Liljegren/Swedish Government Offices.

    “Russia is spreading propaganda in an attempt to portray its economy as strong and resilient in order to give the impression that sanctions are ineffective and thereby undermine continuance of support to Ukraine. That’s why it’s important to nuance the view of the Russian economy and look beyond the official figures,” said Ms Svantesson. 

    The seminar was attended by Director of the Stockholm Institute of Transition Economics (SITE) Torbjörn Becker at the Stockholm School of Economics, who presented SITE’s report, done in response to the Government’s assignment to the National Institute of Economic Research. The report calls attention to one of the main challenges in analysing the Russian economy: the lack of reliable data because Russia’s economic reporting has become intertwined with its war propaganda. The Russian government has stopped publishing large parts of previously available data, and the figures that are available are being used to portray a more positive situation.

    The report also highlights that the Russian government’s financial reserves, which have been used to finance war spending, are rapidly running out and may be exhausted within a year. Once these reserves are exhausted, the Russian Central Bank will then be under pressure to lower its policy rate or even to start printing more money, which could lead to high inflation and a weakened rouble.

    “It is clear that the Russian economy is not working as well as Putin would have it appear. Resources are being drained to the war industry and the economy is overheated. There are obviously big question marks surrounding the official figures. We must continue to actively combat Putin’s propaganda. Wednesday’s discussion is an important part of these efforts,” said Ms Svantesson.

    Russian opposition politician and economist Vladimir Milov and analyst and economist Emil Wannheden at the Swedish Defence Research Institute also attended the seminar.

    Introduction by Minister for Finance Elisabeth Svantesson

    Presentation by Torbjörn Becker

    Comments by Vladimir Milov

    Comments by Emil Wannheden

    Questions

    Closing statement by Minister for Finance Elisabeth Svantesson

    MIL OSI Europe News –

    January 24, 2025
  • MIL-OSI Economics: Secretary-General of ASEAN to participate in the 11th ASEAN Ministers Responsible for Culture and Arts Meeting and Related Meetings in Melaka, Malaysia

    Source: ASEAN

    At the invitation of H.E. Dato Sri Tiong King Sing, Minister of Tourism, Arts and Culture of Malaysia, Secretary-General of ASEAN, Dr. Kao Kim Hourn, will lead the ASEAN Secretariat’s delegation to participate in the 11th ASEAN Ministers Responsible for Culture and Arts (AMCA) Meeting and Related Meetings, to be held in Melaka, Malaysia, on 24 October 2024. The 11th AMCA Meeting and Related Meetings will discuss the way forward to enhance cooperation among ASEAN Member States and Dialogue Partners and consider new priorities and partnerships to further amplify the awareness of culture’s transversal role toward building a culturally dynamic ASEAN Community of Opportunities for All.
    The post Secretary-General of ASEAN to participate in the 11th ASEAN Ministers Responsible for Culture and Arts Meeting and Related Meetings in Melaka, Malaysia appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Economics: Samsung Unveils a New Era of Awesome with the new Galaxy A06

    Source: Samsung

    Samsung is thrilled to announce the launch of the Galaxy A06, the latest addition to the A Series range, designed for those who seek reliability and performance without breaking the bank. With a blend of cutting-edge features and budget-friendly pricing, the Galaxy A06 is set to enhance the mobile experience for users across South Africa.

    Join the next generation of awesome with the Galaxy A06. With its awesome display from the expansive 6.7” screen[1] this new device provides an immersive experience with optimal wide viewing and rich, vibrant sound. Experience a smartphone that combines innovation, reliability, and affordability, making it the perfect choice for anyone in search of a dependable mobile companion.
     
    Available with 4GB of RAM and 64GB of internal storage—the Galaxy A06 provides ample space for all your apps, photos, and videos. Need more? Expand your storage effortlessly with a microSD card of up to 1TB. Imagine never having to worry about deleting precious memories to make space for new ones. With the Galaxy A06, your digital life is limitless.
     
    Stay connected longer with the powerful 5,000 mAh[2] battery that supports 25W Fast Charging. Whether you’re binge-watching your favourite series, video-calling friends, or navigating your way through a busy day, the Galaxy A06 ensures you have the power you need. So when you’re on a night out with your friends or at a festival, capturing every moment on your camera with the Galaxy A06 means you won’t have to scramble for a charger before the night ends.
     
    Equipped with a dual camera setup, the Galaxy A06 features a stunning 50MP high-resolution main camera, complemented by a 2MP depth camera. Your selfies are taken care of by the 8MP front camera. Users can effortlessly capture and share their favourite moments, whether it’s a breathtaking sunset or a group selfie with friends. The enhanced photo quality and detail bring life to every shot, making each memory even more special.

    Your personal information deserves the best protection. The Galaxy A06 comes with Samsung Knox Vault, safeguarding your data with advanced security features. Users can feel confident knowing that their sensitive information is well-guarded against threats, allowing them to enjoy their device without worry.
     
    The Samsung Galaxy A06 is available now, both online and in stores, in stylish light blue and classic black colours. With a recommended retail price of just R2499[3], it offers incredible value without compromising on quality.
     
    For more information, click here or follow us on social media for the latest updates.
     
    [1] Screen measured diagonally as a full rectangle without accounting for the rounded corners.
    [2] Typical value tested under third-party lab conditions. Rated (minimum) capacity is less.
    [3] Recommended retail price only. Prices may vary per retailer.

    MIL OSI Economics –

    January 24, 2025
  • MIL-OSI Asia-Pac: 14 building plans approved in Aug

    Source: Hong Kong Information Services

    The Buildings Department approved 14 building plans in August – four on Hong Kong Island, six in Kowloon and four in the New Territories.

    Of the approved plans, eight were for apartment and apartment-commercial developments, two were for commercial development, and four were for community services developments.

    Consent was given for works to start on 10 building projects which, when completed, will provide 64,505 sq m of gross floor area for domestic use involving 1,502 units, and 38,346 sq m of gross floor area for non-domestic use.

    Additionally, the department received notification of commencement of superstructure works for three building projects.

    It also issued 15 occupation permits – two on Hong Kong Island, five in Kowloon and eight in the New Territories.

    The buildings certified for occupation comprise 69,576 sq m of gross floor area for domestic use, involving 2,319 units, and 18,417 sq m for non-domestic use.

    Meanwhile, the department received 2,409 reports about unauthorised building works in August and issued 702 removal orders.

    MIL OSI Asia Pacific News –

    January 24, 2025
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