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Category: Africa

  • MIL-OSI China: Foreign Minister Lin hosts a welcome luncheon for Eswatini Deputy Prime Minister Dladla

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    February 12, 2025 

    No. 037

    Minister of Foreign Affairs Lin Chia-lung hosted a welcome luncheon on February 12 for a delegation from the Kingdom of Eswatini led by Deputy Prime Minister Thulisile Dladla. He thanked Eswatini for its staunch commitment to diplomatic alliance with Taiwan and for its firm support for Taiwan’s international participation over the years.

     

    In his remarks at the event, Minister Lin also spoke about the heavy rainfall and subsequent flooding in Eswatini that had seriously impacted the lives of people in some areas. He extended sympathies to those affected and recounted President Lai Ching-te’s instruction that the Ministry of Foreign Affairs (MOFA) must do its utmost to assist in the Eswatini government’s relief efforts and increase food donations so that the disaster victims could resume normal life as early as possible. 

     

    Commenting on the close bilateral cooperation across various domains, Minister Lin stated that the strategic oil reserve project currently underway in Eswatini was the largest infrastructure project by the two countries since the establishment of diplomatic ties. He added that Taiwan and Eswatini had steadily strengthened collaboration in such areas as energy, agriculture, education, gender equality, and women’s empowerment. He noted that among the joint projects, the Women’s Business Start-Up Microfinance Revolving Fund established in 2023 with assistance from the Taiwan government had effectively provided start-up capital to female entrepreneurs in rural areas of Eswatini. Minister Lin affirmed that more than 500 women had benefited from the program and that a beneficiary family had named their newborn daughter Taiwan out of gratitude, highlighting the positive impact of the friendship between Taiwan and Eswatini on the people’s well-being. He further expressed that such developments were inspiring.

     

    During the luncheon, Deputy Prime Minister Dladla thanked Taiwan for assisting in the national development of Eswatini. She reiterated that Eswatini would not falter in its support for Taiwan under any external pressure; that it would stand by Taiwan in the face of all challenges; and that it would continue to uphold Taiwan’s right to participate in all international organizations, including the United Nations. 

     

    Deputy Prime Minister Dladla emphasized that Taiwan and Eswatini enjoyed deep and extensive cooperation, having built a partnership as strong as family ties. As an example, she cited Taiwan’s prompt evacuation assistance to Eswatini expatriates in Ukraine when the Russia-Ukraine war erupted as testament to the genuine friendship between Taiwan and Eswatini.

     

    The luncheon was also attended by Deputy Minister of Health and Welfare Lue Jen-der, Deputy Minister of Foreign Affairs François Chihchung Wu, Superintendent of Taipei Medical University Hospital Shih Chun-ming, and Board Chairperson of the Garden of Hope Foundation Pan Ay-woan. Participants exchanged views on healthcare, education, and energy collaboration between Taiwan and Eswatini; the creation of social safety nets; protection of vulnerable groups; and other issues.

     

    Eswatini established diplomatic relations with Taiwan immediately after it gained independence in 1968. MOFA will maintain close cooperation with the government of Eswatini to steadily promote the Diplomatic Allies Prosperity Project, foster a reciprocal and mutually beneficial partnership, enhance the well-being of the peoples of Taiwan and Eswatini, and further consolidate bilateral ties. (E) 

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Foreign Minister Lin hosts a welcome luncheon for Eswatini Deputy Prime Minister Dladla

    Source: Republic of China Taiwan 3

    February 12, 2025 
    No. 037Minister of Foreign Affairs Lin Chia-lung hosted a welcome luncheon on February 12 for a delegation from the Kingdom of Eswatini led by Deputy Prime Minister Thulisile Dladla. He thanked Eswatini for its staunch commitment to diplomatic alliance with Taiwan and for its firm support for Taiwan’s international participation over the years.
     
    In his remarks at the event, Minister Lin also spoke about the heavy rainfall and subsequent flooding in Eswatini that had seriously impacted the lives of people in some areas. He extended sympathies to those affected and recounted President Lai Ching-te’s instruction that the Ministry of Foreign Affairs (MOFA) must do its utmost to assist in the Eswatini government’s relief efforts and increase food donations so that the disaster victims could resume normal life as early as possible. 
     
    Commenting on the close bilateral cooperation across various domains, Minister Lin stated that the strategic oil reserve project currently underway in Eswatini was the largest infrastructure project by the two countries since the establishment of diplomatic ties. He added that Taiwan and Eswatini had steadily strengthened collaboration in such areas as energy, agriculture, education, gender equality, and women’s empowerment. He noted that among the joint projects, the Women’s Business Start-Up Microfinance Revolving Fund established in 2023 with assistance from the Taiwan government had effectively provided start-up capital to female entrepreneurs in rural areas of Eswatini. Minister Lin affirmed that more than 500 women had benefited from the program and that a beneficiary family had named their newborn daughter Taiwan out of gratitude, highlighting the positive impact of the friendship between Taiwan and Eswatini on the people’s well-being. He further expressed that such developments were inspiring.
     
    During the luncheon, Deputy Prime Minister Dladla thanked Taiwan for assisting in the national development of Eswatini. She reiterated that Eswatini would not falter in its support for Taiwan under any external pressure; that it would stand by Taiwan in the face of all challenges; and that it would continue to uphold Taiwan’s right to participate in all international organizations, including the United Nations. 
     
    Deputy Prime Minister Dladla emphasized that Taiwan and Eswatini enjoyed deep and extensive cooperation, having built a partnership as strong as family ties. As an example, she cited Taiwan’s prompt evacuation assistance to Eswatini expatriates in Ukraine when the Russia-Ukraine war erupted as testament to the genuine friendship between Taiwan and Eswatini.
     
    The luncheon was also attended by Deputy Minister of Health and Welfare Lue Jen-der, Deputy Minister of Foreign Affairs François Chihchung Wu, Superintendent of Taipei Medical University Hospital Shih Chun-ming, and Board Chairperson of the Garden of Hope Foundation Pan Ay-woan. Participants exchanged views on healthcare, education, and energy collaboration between Taiwan and Eswatini; the creation of social safety nets; protection of vulnerable groups; and other issues.
     
    Eswatini established diplomatic relations with Taiwan immediately after it gained independence in 1968. MOFA will maintain close cooperation with the government of Eswatini to steadily promote the Diplomatic Allies Prosperity Project, foster a reciprocal and mutually beneficial partnership, enhance the well-being of the peoples of Taiwan and Eswatini, and further consolidate bilateral ties. (E) 

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: President Lai meets British-Taiwanese All-Party Parliamentary Group delegation

    Source: Republic of China Taiwan

    Details
    2025-02-17
    President Lai meets former United States Deputy National Security Advisor Matthew Pottinger
    On the morning of February 17, President Lai Ching-te met with a delegation led by former United States Deputy National Security Advisor Matthew Pottinger. In remarks, President Lai thanked the delegation for demonstrating staunch support for Taiwan through their visit. The president pointed out that increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. He emphasized that only by bolstering our defense capabilities can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. The president stated that moving forward, Taiwan will continue to enhance its self-defense capabilities. He also expressed hope of strengthening the Taiwan-US partnership and jointly building secure and resilient non-red supply chains so as to ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. A translation of President Lai’s remarks follows: I am delighted to welcome our good friends Mr. Pottinger and retired US Rear Admiral Mr. Mark Montgomery to Taiwan once again. Last June, Mr. Pottinger and Mr. Ivan Kanapathy came to Taiwan to launch their new book The Boiling Moat. During that visit, they also visited the Presidential Office. We held an extensive exchange of views on Taiwan-US relations and regional affairs right here in the Taiwan Heritage Room. Now, as we meet again eight months later, I am pleased to learn that Mr. Kanapathy is now serving on the White House National Security Council. The Mandarin translation of The Boiling Moat is also due to be released in Taiwan very soon. This book offers insightful observations from US experts regarding US-China-Taiwan relations and valuable advice for the strengthening of Taiwan’s national defense, security, and overall resilience. I am sure that Taiwanese readers will benefit greatly from it. I understand that this is Mr. Montgomery’s fourth visit to Taiwan and that he has long paid close attention to Taiwan-related issues. I look forward to an in-depth discussion with our two friends on the future direction of Taiwan-US relations and cooperation. Increased cooperation between authoritarian regimes is posing risks and challenges to the geopolitical landscape and regional security. One notion we all share is peace through strength. That is, only by bolstering our defense capabilities and fortifying our defenses can we demonstrate effective deterrence and maintain peace and stability across the Taiwan Strait and around the world. Moving forward, Taiwan will continue to enhance its self-defense capabilities. We also hope to strengthen the Taiwan-US partnership in such fields as security, trade and the economy, and energy. In addition, we will advance cooperation in critical and innovative technologies and jointly build secure and resilient non-red supply chains. This will ensure that Taiwan, the US, and democratic partners around the world maintain a technological lead. We believe that closer Taiwan-US exchanges and cooperation not only benefit national security and development but also align with the common economic interests of Taiwan and the US. I want to thank Mr. Pottinger and Mr. Montgomery once again for visiting and for continuing to advance Taiwan-US exchanges, demonstrating staunch support for Taiwan. Let us continue to work together to deepen Taiwan-US relations. I wish you a smooth and fruitful visit.  Mr. Pottinger then delivered remarks, first congratulating President Lai on his one-year election anniversary and on the state of the economy, which, he added, is doing quite well. Mentioning President Lai’s recent statement pledging to increase Taiwan’s defense budget to above 3 percent of GDP, Mr. Pottinger said he thinks that the benchmark is equal to what the US spends on its defense and that it is a good starting point for both countries to build deterrence. Echoing the president’s earlier remarks, Mr. Pottinger said that peace through strength is the right path for the US and for Taiwan right now at a moment when autocratic, aggressive governments are on the march. He then paraphrased the words of former US President George Washington in his first inaugural address, saying that the best way to keep the peace is to be prepared at all times for war, which captures the meaning of peace through strength. In closing, he said he looks forward to exchanging views with President Lai.

    Details
    2025-02-17
    President Lai meets Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini
    On the afternoon of February 11, President Lai Ching-te met with a delegation led by Deputy Prime Minister Thulisile Dladla of the Kingdom of Eswatini. In remarks, President Lai thanked Eswatini for continuing to support Taiwan’s international participation at international venues. The president stated that Taiwan and Eswatini work closely in such areas as agriculture, the economy and trade, education, and healthcare, and expressed hope that the two countries will continue to support each other on the international stage and strive together for the well-being of both peoples.  A translation of President Lai’s remarks follows: I warmly welcome our distinguished guests to the Presidential Office. Deputy Prime Minister Dladla previously visited Taiwan while serving as minister of foreign affairs. This is her first time leading a delegation here as deputy prime minister. I want to extend my sincerest welcome. Deputy Prime Minister Dladla has earned a high degree of recognition and trust from His Majesty King Mswati III. She was not only Eswatini’s first woman foreign minister, but is also the second woman to have held her current key position. She shows an active interest in people’s welfare, and has a reputation for being deeply devoted to her compatriots. I have great admiration for this. I am truly delighted to meet with Deputy Prime Minister Dladla today. I would like to take this opportunity to once again express my gratitude to His Majesty the King for leading a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao last year. This demonstrated the close diplomatic ties between our countries. I also want to thank Eswatini for continuing to support Taiwan’s international participation at international venues. I would ask that when Deputy Prime Minister Dladla returns to Eswatini, she conveys Taiwan’s greetings and gratitude to His Majesty the King and Her Majesty the Queen Mother Ntombi Tfwala. Diplomatic ties between Taiwan and Eswatini have endured for over half a century. Our two nations have continued to work closely in such areas as agriculture, the economy and trade, education, and healthcare. Our largest collaboration to date has been assisting Eswatini in the construction of a strategic oil reserve facility. We will continue to push forward with this project, and look forward to achieving even greater results in all areas. I understand that Deputy Prime Minister Dladla is very concerned about issues regarding gender equality and women’s empowerment. During her term as foreign minister, she facilitated bilateral cooperation in those areas. Now, as deputy prime minister, she is actively attending to the disadvantaged and advancing social welfare. These policies are very much in line with the priorities of my administration. I look forward to strengthening cooperation with Deputy Prime Minister Dladla for the benefit of both our societies. Taiwan and Eswatini are peace-loving nations. Faced with a constantly changing international landscape and the growing threat posed by authoritarianism, we hope that our two countries will continue to support each other on the international stage and strive together for the well-being of both our peoples. In closing, I wish Deputy Prime Minister Dladla and our distinguished guests a pleasant and successful visit. Deputy Prime Minister Dladla then delivered remarks, first greeting President Lai on behalf of the King, the Queen Mother, and the people of Eswatini, and extending gratitude for the warm reception afforded to her and her delegation, which underscores the strong bonds of friendship between our two nations. The deputy prime minister stated that, in reflecting on the fruits of our partnership, the evidence of Taiwan’s commitment to Eswatini is all around us. The strategic oil reserve project launching in April, she indicated, will redefine Eswatini’s energy security, and the Central Bank complex and electrification project stand as monuments of Taiwan’s vision for Eswatini’s progress and indicate that our partnerships are very strong. Deputy Prime Minister Dladla pointed out that education is the foundation of any nation’s progress, and that Taiwan’s contribution to Eswatini’s education sector cannot be overstated. Through Ministry of Foreign Affairs scholarship programs, she said, Eswatini has sent numerous students to Taiwan, where they’ve received world-class education in various disciplines, including engineering, business, and medicine. In turn, she said, these graduates are now contributing to the development of Eswatini. The deputy prime minister stated that Taiwan has also strengthened Eswatini’s industrial and technological sectors, with collaborations and partnerships that create new opportunities for employment and innovation, and that Taiwan’s technical and medical assistance has strengthened Eswatini’s healthcare systems and uplifted the expertise of its professionals. Deputy Prime Minister Dladla also congratulated President Lai once again on his presidency, which she stated will lead Taiwan to new heights, adding that His Majesty coming to Taiwan personally for the inauguration was a resounding declaration of Eswatini’s enduring support for Taiwan’s sovereignty, stability, and rightful place on the world stage. She emphasized that Eswatini stands with Taiwan always and unwaveringly. In conclusion, the deputy prime minister stated that Eswatini fully agrees with Taiwan that we must all safeguard our national sovereignty and protect the lives and property of our people. She said that our common enemy will always be poverty and natural disasters, but against all odds, we will stand united, and we shall remain united and be one. The delegation was accompanied to the Presidential Office by Eswatini Ambassador Promise Sithembiso Msibi.

    Details
    2025-02-17
    Presidential Office thanks US and Japan for joint leaders’ statement
    On February 7 (US EST), President Donald Trump of the United States and Prime Minister Ishiba Shigeru of Japan issued a joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community.” In the statement, the two leaders also “encouraged the peaceful resolution of cross-strait issues, and opposed any attempts to unilaterally change the status quo by force or coercion” and “expressed support for Taiwan’s meaningful participation in international organizations.” Presidential Office Spokesperson Karen Kuo (郭雅慧) on February 8 expressed sincere gratitude on behalf of the Presidential Office to the leaders of both countries for taking concrete action to demonstrate their firm support for peace and stability across the Taiwan Strait and for Taiwan’s international participation. Spokesperson Kuo pointed out that there is already a strong international consensus on the importance of peace and stability in the Indo-Pacific region. The spokesperson emphasized that Taiwan, as a responsible member of the international community, is capable and willing to work together with the international community and will continue strengthening its self-defense capabilities as it deepens its trilateral security partnership with the US and Japan and works alongside like-minded countries to uphold the rules-based international order. The spokesperson said that Taiwan will work toward ensuring a free and open Taiwan Strait and Indo-Pacific region, as well as global peace, stability, and prosperity, as it continues to act as a force for good in the world.

    Details
    2025-02-17
    President Lai’s response to Pope Francis’s 2025 World Day of Peace message  
    President Lai Ching-te recently sent a letter to Pope Francis of the Catholic Church in response to his message marking the 58th World Day of Peace. The following is the full text of the president’s letter to the pope: Your Holiness, In your message for the 2025 World Day of Peace entitled Forgive us our trespasses: grant us your peace, you called for a cultural change that would bring an end to the governance of interpersonal and international relations by a logic of exploitation and oppression and herald true and lasting peace. I wholeheartedly admire and identify with your point of view. Since transitioning from a medical career to politics, I have remained true to my original intentions in the sense that, while a doctor can help only one person at a time, a public servant can simultaneously assist many people in resolving the difficulties affecting their lives. In my inaugural address in May 2024, I pledged that every day of my term, I would strive to act justly, show mercy, and be humble, which accord with the teachings of the Bible. I promised to treat the Taiwanese people as family and prove myself worthy of their trust and expectations. With an unwavering heart, I have accepted the people’s trust and taken on the solemn responsibility of leading the nation forward and building a democratic, peaceful, and prosperous new Taiwan. In this new year, the changing international landscape continues to present many grave challenges to democratic nations around the world. As the Russia-Ukraine war persists, the steady convergence of authoritarian regimes, including China, Russia, North Korea, and Iran, threatens the rules-based international order and severely impacts peace and stability in the Indo-Pacific and the world at large. Your Holiness has stated that war is a defeat for everyone. I, too, firmly believe that peace is priceless and that war has no winners. A high level of consensus has formed in the international community on upholding peace and stability across the Taiwan Strait. The Taiwanese people also maintain an unyielding commitment to safeguarding a way of life that encompasses freedom, equality, democracy, and human rights. Taiwan will continue to spare no effort in preserving regional peace and stability and serving as a pilot for global peace. In your World Day of Peace message, you urged prosperous countries to assist poorer ones. This compassion is truly touching. Taiwan is proactively implementing values-based diplomacy and, under the Diplomatic Allies Prosperity Project, enhancing allies’ development through a range of initiatives. Over many years, Taiwan has accumulated abundant and unique experience of providing foreign assistance. Seeking to foster self-reliance among disadvantaged countries, we have extended genuine support to help alleviate poverty through such avenues as strengthening basic infrastructure, transferring technology, and cultivating talent. In your message, you reminded countries worldwide that assistance should not be merely an isolated act of charity and pointed to the need to devise a new global financial framework so that food crises, climate change, and other challenges could be jointly addressed. I hold this view in high regard. I therefore earnestly hope that international organizations will stop excluding Taiwan for political reasons. Taiwan is willing to shoulder its international responsibilities so that it can contribute and share its valuable experience through many global platforms.  On behalf of the government and people of the Republic of China (Taiwan), I again express our interest in collaborating with the Holy See to advance world peace through concrete action. We also aspire to demonstrate Taiwanese values and the Taiwanese spirit and work together with the Holy See to uphold the core values of justice, democracy, freedom, and peace.  Please accept, Your Holiness, the renewed assurances of my highest consideration, as well as my best wishes for your good health and the continued growth of the Catholic Church.

    Details
    2025-02-17
    President Lai meets former US Vice President Mike Pence
    On the afternoon of January 17, President Lai Ching-te met with former Vice President of the United States Mike Pence. In remarks, President Lai thanked former Vice President Pence for his contributions to the deepening of Taiwan-US relations, noting that he actively helped to strengthen Taiwan-US cooperation and facilitate the normalization of military sales to Taiwan, and did his utmost to deepen the Taiwan-US economic partnership. The president indicated that former Vice President Pence also spoke up for Taiwan on numerous occasions at international venues, backing Taiwan’s international participation. President Lai expressed hope for a stronger Taiwan-US partnership to maintain peace and stability throughout the world, and that the two sides can advance bilateral exchanges in such areas as the economy, trade, and industry. A translation of President Lai’s remarks follows: I am delighted to welcome former Vice President Pence and Mrs. Karen Pence to the Presidential Office. Former Vice President Pence is not only an outstanding political leader in the US, but also a staunch supporter of Taiwan on the international stage. On behalf of the people of Taiwan, I would like to take this opportunity to extend our deepest gratitude to former Vice President Pence for his contributions to the deepening of Taiwan-US relations. Thanks to former Vice President Pence’s strong backing, ties between Taiwan and the US rose to unprecedented heights during President Donald Trump’s first administration. Former Vice President Pence actively helped to strengthen Taiwan-US security cooperation and facilitate the normalization of military sales to Taiwan, helping Taiwan reinforce its self-defense capabilities. He also did his utmost to deepen the Taiwan-US economic partnership. Former Vice President Pence also paid close attention to the military threats and diplomatic isolation faced by Taiwan. He spoke up for Taiwan on numerous occasions at international venues, taking concrete action to back Taiwan’s international participation. We were truly grateful for this. As we speak, China’s political and military intimidation against Taiwan persist. China and other authoritarian regimes, such as Russia, North Korea, and Iran, are continuing to converge and present serious challenges to democracies around the globe. At this moment, free and democratic nations must come together to bolster cooperation. I believe that a stronger Taiwan-US partnership can be an even more powerful force in maintaining peace and stability throughout the world. Former Vice President Pence has previously supported the signing of a trade agreement between Taiwan and the US. Taiwan looks forward to continuing to work with the new US administration and Congress to advance bilateral exchanges in such areas as the economy, trade, and industry. This is the first time that former Vice President Pence and Mrs. Pence are visiting Taiwan, and their visit is significantly meaningful for Taiwan-US exchanges. On behalf of the people of Taiwan, I want to extend a warm welcome. Moving forward, I hope we will jointly realize even more fruitful achievements through Taiwan-US cooperation. Former Vice President Pence then delivered remarks, thanking President Lai for his hospitality on his and his wife’s first visit to Taiwan, saying that it is an honor to be here to reaffirm the bonds of friendship between the people of America and the people of Taiwan, which are strong and longstanding. The former vice president indicated that the American people admire the people of Taiwan and all that has been accomplished in a few short decades for Taiwan to rise to one of the world’s preeminent economic powers and free societies. He said that he is grateful for President Lai’s courageous and bold leadership of Taiwan, and grateful to be able to express the support of the overwhelming majority of the American people for this alliance. Former Vice President Pence indicated that the values shared by Taiwan and the US, including freedom, the rule of law, and respect for human rights, bind us together in a partnership that transcends geographic boundaries and cultures. He then assured President Lai that China’s increasingly aggressive posture in the Taiwan Strait and across the Indo-Pacific, for the values and interests that both sides share, is deeply concerning to the American people. Former Vice President Pence stated that America is a Pacific nation, and is committed to the status quo, adding that they recognize it is China that wants to change the status quo that America, Taiwan, and other allies in the region want to preserve, which has created an environment of extraordinary growth and prosperity. The former vice president concluded by once again thanking President Lai and his team for their gracious hospitality and conveying best wishes to him and the people of Taiwan. Former Vice President Pence then assured President Lai that just as Taiwan will never surrender its freedom, he will continue to be a voice for a strong US-Taiwan relationship in the defense and the benefit of Taiwan, the US, and the free world. Later that day, Vice President Bi-khim Hsiao hosted a banquet for former Vice President Pence and his delegation at Taipei Guest House to thank him for his longstanding friendship and staunch support for Taiwan-US ties.  

    Details
    2025-02-14
    President Lai holds press conference following high-level national security meeting
    On the morning of February 14, President Lai Ching-te convened the first high-level national security meeting of the year, following which he held a press conference. In remarks, President Lai announced that in this new year, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. He stated that the government will also continue to reform national defense, reform our legal framework for national security, and advance our economic and trade strategy of being rooted in Taiwan while expanding globally. The president also proposed clear-cut national strategies for Taiwan-US relations, semiconductor industry development, and cross-strait relations. President Lai indicated that he instructed the national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches outlined. He also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. He expressed hope that as long as citizens remain steadfast in their convictions, are willing to work hand in hand, stand firm amidst uncertainty, and look for ways to win within changing circumstances, Taiwan is certain to prevail in the test of time yet again. A translation of President Lai’s remarks follows: First, I would like to convey my condolences for the tragic incident which occurred at the Shin Kong Mitsukoshi department store in Taichung, which resulted in numerous casualties. I have instructed Premier Cho Jung-tai (卓榮泰) to lead the relevant central government agencies in assisting Taichung’s municipal government with actively resolving various issues regarding the incident. It is my hope that these issues can be resolved efficiently. Earlier today, I convened this year’s first high-level national security meeting. I will now report on the discussions from the meeting to all citizens. 2025 is a year full of challenges, but also a year full of hope. In today’s global landscape, the democratic world faces common threats posed by the convergence of authoritarian regimes, while dumping and unfair competition from China undermine the global economic order. A new United States administration was formed at the beginning of the year, adopting all-new strategies and policies to address challenges both domestic and from overseas. Every nation worldwide, including ours, is facing a new phase of changes and challenges. In face of such changes, ensuring national security, ensuring Taiwan’s indispensability in global supply chains, and ensuring that our nation continues to make progress amidst challenges are our top priorities this year. They are also why we convened a high-level national security meeting today. At the meeting, the national security team, the administrative team led by Premier Cho, and I held an in-depth discussion based on the overall state of affairs at home and abroad and the strategies the teams had prepared in response. We summed up the following points as an overall strategy for the next stage of advancing national security and development. First, for overall national security, so that we can ensure the freedom, democracy, and human rights of the Taiwanese people, as well as the progress and development of the nation as we face various threats from authoritarian regimes, Taiwan must resolutely safeguard national sovereignty, strengthen self-sufficiency in national defense, and consolidate national defense. Taiwan must enhance economic resilience, maintain economic autonomy, and stand firm with other democracies as we deepen our strategic partnerships with like-minded countries. As I have said, “As authoritarianism consolidates, democratic nations must come closer in solidarity!” And so, in this new year, we will focus on the following three priorities: First, to demonstrate our resolve for national defense, we will continue to reform national defense, implement whole-of-society defense resilience, and prioritize special budget allocations to ensure that our defense budget exceeds 3 percent of GDP. Second, to counter the threats to our national security from China’s united front tactics, attempts at infiltration, and cognitive warfare, we will continue with the reform of our legal framework for national security and expand the national security framework to boost societal resilience and foster unity within. Third, to seize opportunities in the restructuring of global supply chains and realignment of the economic order, we will continue advancing our economic and trade strategy of being rooted in Taiwan while expanding globally, strengthening protections for high-tech, and collaborating with our friends and allies to build supply chains for global democracies. Everyone shares concern regarding Taiwan-US relations, semiconductor industry development, and cross-strait relations. For these issues, I am proposing clear-cut national strategies. First, I will touch on Taiwan-US relations. Taiwan and the US have shared ideals and values, and are staunch partners within the democratic, free community. We are very grateful to President Donald Trump’s administration for their continued support for Taiwan after taking office. We are especially grateful for the US and Japan’s joint leaders’ statement reiterating “the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of security and prosperity for the international community,” as well as their high level of concern regarding China’s threat to regional security. In fact, the Democratic Progressive Party government has worked very closely with President Trump ever since his first term in office, and has remained an international partner. The procurement of numerous key advanced arms, freedom of navigation critical for security and stability in the Taiwan Strait, and many assisted breakthroughs in international diplomacy were made possible during this time. Positioned in the first island chain and on the democratic world’s frontline countering authoritarianism, Taiwan is willing and will continue to work with the US at all levels as we pursue regional stability and prosperity, helping realize our vision of a free and open Indo-Pacific. Although changes in policy may occur these next few years, the mutual trust and close cooperation between Taiwan and Washington will steadfastly endure. On that, our citizens can rest assured. In accordance with the Taiwan Relations Act and the Six Assurances, the US announced a total of 48 military sales to Taiwan over the past eight years amounting to US$26.265 billion. During President Trump’s first term, 22 sales were announced totaling US$18.763 billion. This greatly supported Taiwan’s defensive capabilities. On the foundation of our close cooperation with the past eight years’ two US administrations, Taiwan will continue to demonstrate our determination for self-defense, accelerate the bolstering of our national defense, and keep enhancing the depth and breadth of Taiwan-US security cooperation, along with all manner of institutional cooperation. In terms of bilateral economic cooperation, Taiwan has always been one of the US’s most reliable trade partners, as well as one of the most important cooperative partners of US companies in the global semiconductor industry. In the past few years, Taiwan has greatly increased both direct and indirect investment in the US. By 2024, investment surpassed US$100 billion, creating nearly 400,000 job opportunities. In 2023 and 2024, investment in the US accounted for over 40 percent of Taiwan’s overall foreign investment, far surpassing our investment in China. In fact, in 2023 and 2024, Taiwanese investment in China fell to 11 percent and 8 percent, respectively. The US is now Taiwan’s biggest investment target. Our government is now launching relevant plans in accordance with national development needs and the need to establish secure supply systems, and the Executive Yuan is taking comprehensive inventory of opportunities for Taiwan-US economic and trade cooperation. Moving forward, close bilateral cooperation will allow us to expand US investment and procurement, facilitating balanced trade. Our government will also strengthen guidance and support for Taiwanese enterprises on increasing US investment, and promote the global expansion and growth of Taiwan’s industries. We will also boost Taiwan-US cooperation in tech development and manufacturing for AI and advanced semiconductors, and work together to maintain order in the semiconductor market, shaping a new era for our strategic economic partnership. Second, the development of our semiconductor industry. I want to emphasize that Taiwan, as one of the world’s most capable semiconductor manufacturing nations, is both willing and able to address new situations. With respect to President Trump’s concerns about our semiconductor industry, the government will act prudently, strengthen communications between Taiwan and the US, and promote greater mutual understanding. We will pay attention to the challenges arising from the situation and assist businesses in navigating them. In addition, we will introduce an initiative on semiconductor supply chain partnerships for global democracies. We are willing to collaborate with the US and our other democratic partners to develop more resilient and diversified semiconductor supply chains. Leveraging our strengths in cutting-edge semiconductors, we will form a global alliance for the AI chip industry and establish democratic supply chains for industries connected to high-end chips. Through international cooperation, we will open up an entirely new era of growth in the semiconductor industry. As we face the various new policies of the Trump administration, we will continue to uphold a spirit of mutual benefit, and we will continue to communicate and negotiate closely with the US government. This will help the new administration’s team to better understand how Taiwan is an indispensable partner in the process of rebuilding American manufacturing and consolidating its leadership in high-tech, and that Taiwan-US cooperation will benefit us both. Third, cross-strait relations. Regarding the regional and cross-strait situation, Taiwan-US relations, US-China relations, and interactions among Taiwan, the US, and China are a focus of global attention. As a member of the international democratic community and a responsible member of the region, Taiwan hopes to see Taiwan-US relations continue to strengthen and, alongside US-China relations, form a virtuous cycle rather than a zero-sum game where one side’s gain is another side’s loss. In facing China, Taiwan will always be a responsible actor. We will neither yield nor provoke. We will remain resilient and composed, maintaining our consistent position on cross-strait relations: Our determination to safeguard our national sovereignty and protect our free and democratic way of life remains unchanged. Our efforts to maintain peace and stability in the Taiwan Strait, as well as our willingness to work alongside China in the pursuit of peace and mutual prosperity across the strait, remain unchanged. Our commitment to promoting healthy and orderly exchanges across the strait, choosing dialogue over confrontation, and advancing well-being for the peoples on both sides of the strait, under the principles of parity and dignity, remains unchanged. Regarding the matters I reported to the public today, I have instructed our national security and administrative teams to take swift action and deliver results, working within a stable strategic framework and according to the various policies and approaches I just outlined. I have also instructed them to keep a close watch on changes in the international situation, seize opportunities whenever they arise, and address the concerns and hope of the citizens with concrete actions. My fellow citizens, over the past several years, Taiwan has weathered a global pandemic and faced global challenges, both political and economic, arising from the US-China trade war and Russia’s invasion of Ukraine. Through it all, Taiwan has persevered; we have continued to develop our economy, bolster our national strength, and raise our international profile while garnering more support – all unprecedented achievements. This is all because Taiwan’s fate has never been decided by the external environment, but by the unity of the Taiwanese people and the resolve to never give up. A one-of-a-kind global situation is creating new strategic opportunities for our one-of-a-kind Taiwanese people, bringing new hope. Taiwan’s foundation is solid; its strength is great. So as long as everyone remains steadfast in their convictions, is willing to work hand in hand, stands firm amidst uncertainty, and looks for ways to win within changing circumstances, Taiwan is certain to prevail in the test of our time yet again, for I am confident that there are no difficulties that Taiwan cannot overcome. Thank you.

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI: NFG Acquires Controlling Stake in Cayman-Based Kessner Capital Management Ltd., Expanding African Investment Portfolio

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) — NFG SA (“NFG”), a Swiss private investment firm, today announced that it has signed an agreement to acquire a 76% controlling stake in Kessner Capital Management Ltd. (“Kessner”), a Cayman-based alternative investment management company specializing in debt solutions for African markets. Completion of the transaction is subject to customary regulatory approvals. This acquisition is accompanied by an investment of up to $50 million, aimed at expanding Kessner’s tailored debt solution across the continent.

    Economic projections for Africa show a GDP increase from 3.4% in 2024 to 4.0% by 2026, spurred by growth in key economies including Egypt, Nigeria, and South Africa. The African Continental Free Trade Area (AfCFTA) is enhancing trade and investment across the continent, presenting new opportunities for Kessner to expand its market presence.

    NFG, with offices in Geneva, London, and Los Angeles, is a global investment firm specializing in insurance and reinsurance, financial services, asset management, energy, and real estate. The firm operates extensively across Europe, the USA, the Caribbean, Africa, and the Asia Pacific region.

    This acquisition reflects a strategic enhancement of NFG’s global investment portfolio and a commitment to contributing positively to Africa’s economic development.

    Keith D. Beekmeyer, Chairman and CEO of NFG, commented “NFG and its affiliated companies have deep experience operating in emerging markets and specifically, the African markets. By combining and leveraging the strengths of both Kessner and NFG, I am confident we can position Kessner as a leading provider of alternative debt solutions for companies across Africa.”

    Bruno-Maurice Monny, Managing Partner of Kessner, remarked “With NFG’s resources and global reach, coupled with their anchor capital towards our new fund strategy, we are positioned to be the premier capital partner for African businesses. This partnership will enhance our ability to support and scale the region’s most promising companies.”

    NFG recently announced its strategic investment from Beverly Hills, California based private equity firm, NMS Capital Group, which values NFG at approximately $2.5 billion.

    About NFG SA
    NFG SA is a global private investment firm specializing in private equity and structured finance investments in companies across the insurance, financial services, energy, infrastructure, and real estate sectors. NFG focuses on transformative business combinations within North America, Europe, Africa, and the Middle East, establishing a strategic international presence. NFG was originally founded by Keith Beekmeyer and Andy Bye in 2017, emerging from the insurance industry to address the financing needs of underbanked companies. The firm quickly expanded its capabilities through key acquisitions, including a dedicated reinsurance company, asset manager and a Lloyd’s insurance brokerage, enhancing its position within the sector. For more information, please visit www.nfgsa.com.

    About Kessner Capital Management Ltd.

    Kessner Capital Management Ltd. is an alternative investment management company focused on providing innovative investment solutions aimed at providing exposure to African markets. The firm is led by a management team with over 150 years of combined management experience. For more information, please visit www.kessner.co.uk.

    NFG Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

    February 18, 2025
  • MIL-OSI: Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025 – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTION 9(4) AND (5) AND SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Publication of supplement concerning extension of offer period for Nykredit’s recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    18 February 2025

    Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order.

    Today, Nykredit published a supplement (the “Supplement”) to the Offer Document, which extends the Offer Period for the Offer. The Supplement has been approved by the Danish FSA on 18 February 2025 in accordance with section 9(4) and section 9(5) of the Danish Takeover Order.

    Under the Offer document, the offer period is set to expire on 19 February 2025 at 23:59 (CET) (the “Initial Offer Period”).

    With the Supplement, Nykredit extends the Initial Offer Period, such that the Offer will expire on 20 March 2025 at 23:59 (CET). Subsequently, any reference to the “Offer Period” in the Offer Document or other documents relating to the Offer will refer to the period commencing on the day of publication of the Offer Document on 8 January 2025 and ending on 20 March 2025 at 23:59 (the “Extended Offer Period”).

    The purpose of the extension is to provide Nykredit with more time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer. The process to obtain such approval from the Danish Competition and Consumer Authority is proceeding as planned.

    If the approval from the Danish Competition and Consumer Authority has not been granted by the expiry of the Extended Offer Period, Nykredit expects to extend the Extended Offer Period further.

    The extension of the Initial Offer Period entails that the expected completion of the Offer and settlement of the Offer Price to the Spar Nord Bank shareholders who have accepted the Offer will be extended correspondingly. Completion is subsequently expected to take place on 28 March 2025.

    At the time of this announcement, Nykredit holds 32.44 per cent of the shares in Spar Nord Bank, and on 4 February 2025 Nykredit released an announcement to the effect that a preliminary compilation of the acceptances that Nykredit is aware of indicates that the 67 per cent acceptance limit of the Offer has been achieved. The final result of the Offer will be determined on expiry of the Offer Period and published in accordance with section 21(3) of the Danish Takeover Order.

    The full terms and conditions of the Offer are contained in the Offer Document as amended by the Supplement. The Offer Document and the Supplement are published in the Danish FSA’s OAM database: https://oam.finanstilsynet.dk/ and can also, with certain restrictions, be accessed at https://www.nykredit.com/kobstilbud-spar-nord/ and https://www.sparnord.dk/investor-relations/overtagelsestilbud.

    About Spar Nord Bank

    Spar Nord Bank was founded in 1824 and is now a nationwide bank with 58 branches. Spar Nord Bank offers all types of financial services, consultancy and products, focusing its business on retail customers and primarily small and medium-sized enterprises (SMEs) in the local areas in which the bank is represented. The bank is also focused on leasing operations and large corporate customers, which are both business areas handled by the head offices.

    Spar Nord Bank has historically been rooted in northern Jutland and continues to be a market leader in this region. However, in the period from 2002 to 2024, Spar Nord Bank has established and acquired branches outside northern Jutland. Over the course of the years, the bank has adjusted its branch network in an ongoing process and now has a nationwide distribution network comprising 58 branches. These 58 branches are distributed on 32 banking areas, each of which is headed by a manager reporting directly to the bank’s executive board.

    The Spar Nord Bank Group consists of two earnings entities: Spar Nord Bank’s branches and the Trading Division. As an entity, the Trading Division serves customers from Spar Nord Bank’s branches as well as large retail customers and institutional clients in the field of equities, bonds, fixed income and forex products, asset management and international transactions. Finally, under the concept Sparxpres, the bank offers consumer loans to personal customers through Sparxpres’ platform as well as debt consolidation loans and consumer financing via retail stores and gift voucher solutions via shopping centres and city associations.

    About Nykredit

    Nykredit Realkredit A/S (“Nykredit”) is a public limited company incorporated under the laws of Denmark, company reg. (CVR) no. 12 71 92 80, having its registered office at Sundkrogsgade 25, 2150 Nordhavn, Denmark. Nykredit is a mortgage credit institution and, together with its wholly-owned subsidiary Totalkredit A/S, is a market leader of the Danish mortgage credit market with a market share of some 45.2 per cent. Nykredit offers mortgage financing for private individuals and businesses.

    Nykredit is part of the Nykredit Group, which historically dates back to 1851. In addition to carrying on mortgage credit business, the Group carries on banking business through Nykredit Bank – including banking and wealth management operations – and has a total of around 4,000 employees in Denmark.

    Nykredit is owned by an association of the Nykredit Group’s customers, Forenet Kredit. Forenet Kredit owns close to 80 per cent of Nykredit’s shares. Other major shareholders are five Danish pension funds: Akademikernes Pension AP Pension, PensionDanmark, PFA and PKA.

    Nykredit is known for the advantages offered through the association. Forenet Kredit makes capital contributions to the Nykredit Group when times are good, and Nykredit has decided to pass these on to its customers.

    Since, 2017, Forenet Kredit has paid over DKK 8 billion in capital contributions to the Nykredit Group, and in the period to 2027, Forenet Kredit has provided a further DKK 7 billion.

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9 B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/kobstilbud-spar-nord/.

    This announcement and the Offer Document (with Supplement) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with Supplement) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank Shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Supplement, the Offer Document or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the Laws of such jurisdiction, including securities Laws. It is the responsibility of all Persons obtaining announcement, the Supplement, the Offer Document, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Supplement or the Offer Document to Shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable Law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.


    1 Executive Order no. 636 of 15 May 2020

    Attachment

    • Announcement of extension of Offer Period

    The MIL Network –

    February 18, 2025
  • MIL-OSI: Correction: Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025 – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTION 9(4) AND (5) AND SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Publication of supplement concerning extension of offer period for Nykredit’s recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    18 February 2025

    Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 March 2025

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order.

    Today, Nykredit published a supplement (the “Supplement”) to the Offer Document, which extends the Offer Period for the Offer. The Supplement has been approved by the Danish FSA on 18 February 2025 in accordance with section 9(4) and section 9(5) of the Danish Takeover Order.

    Under the Offer document, the offer period is set to expire on 19 February 2025 at 23:59 (CET) (the “Initial Offer Period”).

    With the Supplement, Nykredit extends the Initial Offer Period, such that the Offer will expire on 20 March 2025 at 23:59 (CET). Subsequently, any reference to the “Offer Period” in the Offer Document or other documents relating to the Offer will refer to the period commencing on the day of publication of the Offer Document on 8 January 2025 and ending on 20 March 2025 at 23:59 (the “Extended Offer Period”).

    The purpose of the extension is to provide Nykredit with more time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer. The process to obtain such approval from the Danish Competition and Consumer Authority is proceeding as planned.

    If the approval from the Danish Competition and Consumer Authority has not been granted by the expiry of the Extended Offer Period, Nykredit expects to extend the Extended Offer Period further.

    The extension of the Initial Offer Period entails that the expected completion of the Offer and settlement of the Offer Price to the Spar Nord Bank shareholders who have accepted the Offer will be extended correspondingly. Completion is subsequently expected to take place on 28 March 2025.

    At the time of this announcement, Nykredit holds 32.44 per cent of the shares in Spar Nord Bank, and on 4 February 2025 Nykredit released an announcement to the effect that a preliminary compilation of the acceptances that Nykredit is aware of indicates that the 67 per cent acceptance limit of the Offer has been achieved. The final result of the Offer will be determined on expiry of the Offer Period and published in accordance with section 21(3) of the Danish Takeover Order.

    The full terms and conditions of the Offer are contained in the Offer Document as amended by the Supplement. The Offer Document and the Supplement are published in the Danish FSA’s OAM database: https://oam.finanstilsynet.dk/ and can also, with certain restrictions, be accessed at https://www.nykredit.com/kobstilbud-spar-nord/ and https://www.sparnord.dk/investor-relations/overtagelsestilbud.

    About Spar Nord Bank

    Spar Nord Bank was founded in 1824 and is now a nationwide bank with 58 branches. Spar Nord Bank offers all types of financial services, consultancy and products, focusing its business on retail customers and primarily small and medium-sized enterprises (SMEs) in the local areas in which the bank is represented. The bank is also focused on leasing operations and large corporate customers, which are both business areas handled by the head offices.

    Spar Nord Bank has historically been rooted in northern Jutland and continues to be a market leader in this region. However, in the period from 2002 to 2024, Spar Nord Bank has established and acquired branches outside northern Jutland. Over the course of the years, the bank has adjusted its branch network in an ongoing process and now has a nationwide distribution network comprising 58 branches. These 58 branches are distributed on 32 banking areas, each of which is headed by a manager reporting directly to the bank’s executive board.

    The Spar Nord Bank Group consists of two earnings entities: Spar Nord Bank’s branches and the Trading Division. As an entity, the Trading Division serves customers from Spar Nord Bank’s branches as well as large retail customers and institutional clients in the field of equities, bonds, fixed income and forex products, asset management and international transactions. Finally, under the concept Sparxpres, the bank offers consumer loans to personal customers through Sparxpres’ platform as well as debt consolidation loans and consumer financing via retail stores and gift voucher solutions via shopping centres and city associations.

    About Nykredit

    Nykredit Realkredit A/S (“Nykredit”) is a public limited company incorporated under the laws of Denmark, company reg. (CVR) no. 12 71 92 80, having its registered office at Sundkrogsgade 25, 2150 Nordhavn, Denmark. Nykredit is a mortgage credit institution and, together with its wholly-owned subsidiary Totalkredit A/S, is a market leader of the Danish mortgage credit market with a market share of some 45.2 per cent. Nykredit offers mortgage financing for private individuals and businesses.

    Nykredit is part of the Nykredit Group, which historically dates back to 1851. In addition to carrying on mortgage credit business, the Group carries on banking business through Nykredit Bank – including banking and wealth management operations – and has a total of around 4,000 employees in Denmark.

    Nykredit is owned by an association of the Nykredit Group’s customers, Forenet Kredit. Forenet Kredit owns close to 80 per cent of Nykredit’s shares. Other major shareholders are five Danish pension funds: Akademikernes Pension AP Pension, PensionDanmark, PFA and PKA.

    Nykredit is known for the advantages offered through the association. Forenet Kredit makes capital contributions to the Nykredit Group when times are good, and Nykredit has decided to pass these on to its customers.

    Since, 2017, Forenet Kredit has paid over DKK 8 billion in capital contributions to the Nykredit Group, and in the period to 2027, Forenet Kredit has provided a further DKK 7 billion.

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9 B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/kobstilbud-spar-nord/.

    This announcement and the Offer Document (with Supplement) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with Supplement) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank Shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Supplement, the Offer Document or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the Laws of such jurisdiction, including securities Laws. It is the responsibility of all Persons obtaining announcement, the Supplement, the Offer Document, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Supplement or the Offer Document to Shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable Law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.


    1 Executive Order no. 636 of 15 May 2020

    Attachments

    • Announcement of extension of Offer Period
    • Supplement to the Offer Document

    The MIL Network –

    February 18, 2025
  • MIL-OSI: Bitget Wallet Launches BGB Onchain Staking on Morph, Expanding BGB Utility

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 18, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, is expanding the utility of its native token, Bitget Token (BGB), alongside the launch of a limited-time BGB onchain staking program on Morph chain. BGB is evolving into a bridge connecting onchain ecosystems and real-world applications. The onchain staking program offers higher returns while enhancing fund autonomy and privacy, providing users with greater security compared to centralized options.

    The first BGB onchain staking program will run from February 14, 2025, 20:00 (UTC) to February 21, 2025, 20:00 (UTC) with a staking pool capped at 350,000 BGB. Users can stake their tokens through Bitget Wallet’s BGB Center or Bitget Exchange’s Earn section for a 90-day period and earn 5% APY fixed returns along with access to 20,000 Morph Points. For every 15 BGB staked, users will receive 1 Morph Point, which can be redeemed for future Morph tokens and other rewards.

    BGB’s expanding utility is central to Bitget Wallet’s long-term vision, with applications in decentralized trading, staking, and payments driving its growth. As a multi-chain gas token within Bitget Wallet, BGB eliminates the need to manage multiple gas tokens across different blockchains, simplifying onchain interactions and ensuring smoother user experiences. Staking BGB onchain allows users to earn rewards and qualify for project airdrops, while VIP holders can access exclusive benefits, including Bitget Wallet Card cashback and other premium services through Bitget Wallet’s growing PayFi ecosystem. These features bridge the gap between DeFi returns and real-world spending opportunities.

    BGB’s market momentum highlights its growing demand and deflationary design. Over the past two months, BGB’s price has surged over 320%, driven by increased utility and token burn. Starting in 2025, Bitget will implement quarterly token buybacks and burns to reduce the token’s circulating supply and enhance token value. By encouraging long-term holding, this strategy aims to maintain steady growth and strengthen BGB’s role within Bitget’s ecosystem.

    “BGB’s rapid growth reflects its key role in the Web3 ecosystem,” said Alvin Kan, COO of Bitget Wallet. “As we continue expanding BGB’s utilities in staking, payments, and decentralized finance, we are committed to creating long-term value and a dynamic, sustainable community.” To support community participation, Bitget Wallet will host the BGB Builders Night during the Hong Kong Consensus event, where discussions will focus on BGB’s future.

    Learn more on the Bitget Wallet blog.

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook
    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/389a2046-209a-45bb-bce6-3b29311c5c12

    The MIL Network –

    February 18, 2025
  • MIL-OSI Economics: African Union Summit: African Development Bank President Highlights a Decade of Economic Transformational Impact

    Source: African Development Bank Group

    African Development Bank Group President Dr. Akinwumi A. Adesina, delivered a compelling farewell address to Heads of State and Government at the 38th African Union Summit, highlighting a decade of remarkable achievements by the Bank in driving Africa’s economic transformation. Adesina’s participation at the august continental gathering in Addis Ababa ended on a high note as African leaders considered and endorsed four Bank-led initiatives including the drive to connect 300 million Africans to electricity by 2030, measuring Africa’s green wealth as part of its GDP, a $20 billion facility to provide Africa with a financial buffer and a roadmap for the continent to achieve inclusive growth and rapid sustainable development.

    Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s High 5s Agenda—Light up and Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa—which has impacted more than half a billion lives across the continent.

    “It has been an unprecedented partnership to advance the goal of the African Union towards achieving Agenda 2063: the Africa we want,” said Adesina who in February 2022, became the first president of the Bank Group to address the AU Summit.

    During the final day of the assembly, several African governments and AU officials paid tribute to Dr. Adesina for his exceptional leadership of the Bank and strong global advocacy for Africa, He ends his tenure as the Bank Group’s president on 1st September 2025.

    The February 15–16 Summit saw the election of Djibouti’s Foreign Minister Mahmoud Ali Youssouf as Chairperson of the African Union Commission, taking over from Moussa Faki Mahamat. Algeria’s Ambassador, Salma Malika Haddadi, was elected the Commission’s Deputy Chairperson.

    African Development Bank Group President Dr. Akinwumi Adesina, who is also the Chairman of the Group’s Boards of Directors, underscored the impact of the Bank’s operations, which have impacted more than half a billion lives over the past decade.

    Reflecting on his tenure at the helm of the African Development Bank, Dr. Adesina said the Bank has transformed 515 million lives, including 231 million women, over the past decade:

    • 127 million people gained access to better services in terms of health.
    • 61 million people gained access to clean water.
    • 33 million people benefited from improved sanitation.
    • 46 million people gained access to ICT services, and
    • 25 million people gained access to electricity.

    He cited the landmark Africa Energy Summit held in Tanzania in January, where 48 nations signed the Dar Es Salaam Declaration to adopt bold policies in support of an initiative by the World Bank and the African Development Bank to extend electricity access to 300 million Africans by 2030. That meeting, attended by 21 heads of state, secured $48 billion in commitments from the two institutions and an additional $7 billion from other development partners.

    The Addis Ababa Summit endorsed the Dar Es Salaam Energy Declaration, the Baku Declaration by African Heads of State on Measuring the Green Wealth of Africa. The Assembly also adopted the African Financing Stability Mechanism, a groundbreaking initiative by the African Development Bank to provide $20 billion in debt refinancing for African nations alongside  the Strategic Framework on Key Actions to Achieve Inclusive Growth and Sustainable Development in Africa report which  outlines key actions required to enable Africa to achieve, and sustain an annual growth rate of at least 7% of GDP over the next five decades.

    African Heads of State and Government display copies of the Dar es Salaam Energy Declaration at the closing session of the Africa Energy Summit, 28 January 2025.

    On food security, Adesina cited the Bank’s Technologies for African Agricultural Transformation (TAAT), the Dakar 2 Food Summit that mobilized $72 billion in 2023, and the $1.5 billion Africa Emergency Food Production Facility that was launched in May 2022 to avert a major food and fertilizer crisis triggered by global conflicts.

    “The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” he stressed. With the support of the Bank, Ethiopia has achieved self-sufficiency in wheat production within four years and is now a wheat-exporting nation.

    A Decade of Transformative Impact

    With a strong focus on job creation, the Bank has trained 1.7 million youth in digital skills and is rolling out Youth Entrepreneurship Investment Banks to drive youth-led economic growth. “Our goal is simple: create youth-based wealth across Africa,” Adesina reiterated.

    Additionally, the Affirmative Finance Action for Women in Africa (AFAWA) initiative has provided $2.5 billion in financing to over 24,000 women-owned businesses, said Adesina.

    “The African Development Bank accelerated food production in Africa. Over 101 million people became food secure. We mobilized $72 billion to implement the food and agriculture delivery compacts across the continent,” said Dr. Adesina.

    Over the past decade, the African Development Bank has invested over $55 billion in infrastructure, making it the largest multilateral financier of African infrastructure.

    The Bank has also prioritized healthcare, committing $3 billion in quality healthcare infrastructure and another $3 billion for pharmaceutical development, including establishing the Africa Pharmaceutical Technology Foundation.

    Historic Financial Mobilization for Africa

    Under Adesina’s presidency, the Bank achieved its largest-ever capital increase, growing from $93 billion in 2015 to $318 billion currently. The most recent replenishment of the African Development Fund, the Bank Group’s concessional window, raised a record $8.9 billion for Africa’s 37 low-income countries, setting the stage for a target of $25 billion for its upcoming 17th replenishment.

    The Africa Investment Forum, a joint effort with eight other partner institutions, has also mobilized over $200 billion in investment commitments, reinforcing Africa as a leading investment destination.

    The Africa Investment Forum, a joint effort with eight other partner institutions, has mobilized over $200 billion in infrastructure investment commitments. (Picture: Africa Investment Forum Founding Partners and other officials during the Opening Session of the Africa Investment Forum 2024 Market Days, Rabat, 4 December 2024.)

    As he bade farewell, the outgoing Bank chief expressed gratitude to the African Heads of State, the African Union Commission, regional economic communities, and the people of Africa for their unwavering support.

    “As today will be my final attendance of the AU Summit as President of the African Development Bank, I would like to use this opportunity to immensely thank your Excellencies Heads of State and Government for your extraordinary support over the past ten years. I am very grateful for your always being there for the African Development Bank—your Bank. I am very grateful for your kindness, friendship, and partnership as we forged global alliances to advance the continent’s interest around the world,” he said. 

    The 2025 Summit under the theme, “Justice for Africans and People of African Descent Through Reparations,” drew global political leaders and other dignitaries, including UN Secretary-General António Guterres, and the Prime Minister of Barbados, Mia Mottley.

    UN Secretary-General António Guterres reiterated calls for reform of the international financial architecture.

    Guterres reiterated calls for reform of the international financial architecture, which is hampering the development of many African economies, beset by expensive debt repayments and high borrowing costs, which limits their capacity to invest in education, health and other essential needs.

    Prime Minister Mottley emphasized Africa’s strategic role in shaping global economic trends, particularly highlighting the continent’s control of 40% of the world’s minerals. She stressed the importance of addressing emerging challenges like artificial intelligence, urging African nations to take a proactive role in technological advancement rather than becoming “victims of technology.”

    She also underscored the urgency of removing artificial barriers between Africa and the Caribbean, calling for the elimination of transit visa requirements to boost trade and integration. Mottley echoed demands for reparatory justice, noting that both the Caribbean and Africa began their independence journey with “chronic deficits” in resources, fairness, and opportunity.

    Opening the Summit on Saturday, Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity among member countries in addressing the challenges.

    Ethiopian Prime Minister Dr. Abiy Ahmed urged continued unity in addressing Africa’s challenges

    “In a world marked by rapid change and multiple challenges, we find ourselves at the crossroads of uncertainty and opportunity. This movement calls upon us to strengthen our collective resolve, embrace resilience and foster unity across Africa”, he said.

    MIL OSI Economics –

    February 18, 2025
  • MIL-Evening Report: Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating

    Source: The Conversation (Au and NZ) – By Matt Fitzpatrick, Professor in International History, Flinders University

    (From left to right): Neville Chamberlain, Édouard Daladier, Adolf Hitler, Benito Mussolini, and Italian Foreign Minister Galeazzo Ciano before signing the Munich Agreement, which gave the Sudetenland to Germany. German Federal Archives/Wikimedia Commons

    Ukraine has not been invited to a key meeting between American and Russian officials in Saudi Arabia this week to decide what peace in the country might look like.

    Ukrainian President Volodymyr Zelensky said Ukraine will “never accept” any decisions in talks without its participation to end Russia’s three-year war in the country.

    A decision to negotiate the sovereignty of Ukrainians without them – as well as US President Donald Trump’s blatantly extortionate attempt to claim half of Ukraine’s rare mineral wealth as the price for ongoing US support – reveals a lot about how Trump sees Ukraine and Europe.

    But this is not the first time large powers have colluded to negotiate new borders or spheres of influence without the input of the people who live there.

    Such high-handed power politics rarely ends well for those affected, as these seven historical examples show.

    1. The Scramble for Africa

    In the winter of 1884–85, German leader Otto von Bismarck invited the powers of Europe to Berlin for a conference to formalise the division of the entire African continent among them. Not a single African was present at the conference that would come to be known as “The Scramble for Africa”.

    Among other things, the conference led to the creation of the Congo Free State under Belgian control, the site of colonial atrocities that killed millions.

    Germany also established the colony of German South West Africa (present-day Namibia), where the first genocide of the 20th century was later perpetrated against its colonised peoples.

    How the boundaries of Africa changed after the Berlin conference.
    Wikimedia Commons/Somebody500

    2. The Tripartite Convention

    It wasn’t just Africa that was divided up this way. In 1899, Germany and the United States held a conference and forced an agreement on the Samoans to split their islands between the two powers.

    This was despite the Samoans expressing a desire for either self-rule or a confederation of Pacific states with Hawai’i.

    As “compensation” for missing out in Samoa, Britain received uncontested primacy over Tonga.

    German Samoa came under the rule of New Zealand after the first world war and remained a territory until 1962. American Samoa (in addition to several other Pacific islands) remain US territories to this day.

    3. The Sykes-Picot Agreement

    As the first world war was well under way, British and French representatives sat down to agree how they’d divide up the Ottoman Empire after it was over. As an enemy power, the Ottomans were not invited to the talks.

    Together, England’s Mark Sykes and France’s François Georges-Picot redrew the Middle East’s borders in line with their nations’ interests.

    The Sykes-Picot Agreement ran counter to commitments made in a series of letters known as the Hussein-McMahon correspondence. In these letters, Britain promised to support Arab independence from Turkish rule.




    Read more:
    What was the Sykes-Picot agreement, and why does it still affect the Middle East today?


    The Sykes-Picot Agreement also ran counter to promises Britain made in the Balfour Declaration to back Zionists who wanted to build a new Jewish homeland in Ottoman Palestine.

    The agreement became the wellspring of decades of conflict and colonial misrule in the Middle East, the consequences of which continue to be felt today.

    Map showing the areas of control and influence in the Middle East agreed upon between the British and French.
    The National Archives (UK)/Wikimedia Commons

    4. The Munich Agreement

    In September 1938, British Prime Minister Neville Chamberlain and French Prime Minister Édouard Daladier met with Italy’s fascist dictator, Benito Mussolini, and Germany’s Adolf Hitler to sign what became known as the Munich Agreement.

    The leaders sought to prevent the spread of war throughout Europe after Hitler’s Nazis had fomented an uprising and began attacking the German-speaking areas of Czechoslovakia known as the Sudetenland. They did this under the pretext of protecting German minorities. No Czechoslovakians were invited to the meeting.

    The meeting is still seen by many as the “Munich Betrayal” – a classic example of a failed appeasement of a belligerent power in the false hope of staving off war.

    5. The Évian Conference

    In 1938, 32 countries met in Évian-les-Bains, France, to decide how to deal with Jewish refugees fleeing persecution in Nazi Germany.

    Before the conference started, Britain and the US had agreed not to put pressure on one another to lift the quota of Jews they would accept in either the US or British Palestine.

    While Golda Meir (the future Israeli leader) attended the conference as an observer, neither she nor any other representatives of the Jewish people were permitted to take part in the negotiations.

    The attendees largely failed to come to an agreement on accepting Jewish refugees, with the exception of the Dominican Republic. And most Jews in Germany were unable to leave before Nazism reached its genocidal nadir in the Holocaust.

    6. The Molotov-Ribbentrop Pact

    As Hitler planned his invasion of Eastern Europe, it became clear his major stumbling block was the Soviet Union. His answer was to sign a disingenuous non-aggression treaty with the USSR.

    Joseph Stalin and Joachim von Ribbentrop after the signing of the Molotov-Ribbentrop Pact.
    German Federal Archives/Wikimedia Commons

    The treaty, named after Vyacheslav Molotov and Joachim von Ribbentrop (the Soviet and German foreign ministers), ensured the Soviet Union would not respond when Hitler invaded Poland. It also carved up Europe into Nazi and Soviet spheres. This allowed the Soviets to expand into Romania and the Baltic states, attack Finland and take its own share of Polish territory.

    Unsurprisingly, some in Eastern Europe view the current US-Russia talks over Ukraine’s future as a revival of this kind of secret diplomacy that divided the smaller nations of Europe between large powers in the second world war.

    7. The Yalta Conference

    With the defeat of Nazi Germany imminent, British Prime Minister Winston Churchill, Soviet dictator Josef Stalin and US President Franklin D Roosevelt met in 1945 to decide the fate of postwar Europe. This meeting came to be known as the Yalta Conference.

    Alongside the Potsdam Conference several months later, Yalta created the political architecture that would lead to the Cold War division of Europe.

    At Yalta, the “big three” decided on the division of Germany, while Stalin was also offered a sphere of interest in Eastern Europe.

    This took the form of a series of politically controlled buffer states in Eastern Europe, a model some believe Putin is aiming to emulate today in eastern and southeastern Europe.

    Matt Fitzpatrick receives funding from the Australian Research Council. He is affiliated with the History Council of South Australia.

    – ref. Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating – https://theconversation.com/ukraine-isnt-invited-to-its-own-peace-talks-history-is-full-of-such-examples-and-the-results-are-devastating-250049

    MIL OSI Analysis – EveningReport.nz –

    February 18, 2025
  • MIL-OSI Global: Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating

    Source: The Conversation – Global Perspectives – By Matt Fitzpatrick, Professor in International History, Flinders University

    (From left to right): Neville Chamberlain, Édouard Daladier, Adolf Hitler, Benito Mussolini, and Italian Foreign Minister Galeazzo Ciano before signing the Munich Agreement, which gave the Sudetenland to Germany. German Federal Archives/Wikimedia Commons

    Ukraine has not been invited to a key meeting between American and Russian officials in Saudi Arabia this week to decide what peace in the country might look like.

    Ukrainian President Volodymyr Zelensky said Ukraine will “never accept” any decisions in talks without its participation to end Russia’s three-year war in the country.

    A decision to negotiate the sovereignty of Ukrainians without them – as well as US President Donald Trump’s blatantly extortionate attempt to claim half of Ukraine’s rare mineral wealth as the price for ongoing US support – reveals a lot about how Trump sees Ukraine and Europe.

    But this is not the first time large powers have colluded to negotiate new borders or spheres of influence without the input of the people who live there.

    Such high-handed power politics rarely ends well for those affected, as these seven historical examples show.

    1. The Scramble for Africa

    In the winter of 1884–85, German leader Otto von Bismarck invited the powers of Europe to Berlin for a conference to formalise the division of the entire African continent among them. Not a single African was present at the conference that would come to be known as “The Scramble for Africa”.

    Among other things, the conference led to the creation of the Congo Free State under Belgian control, the site of colonial atrocities that killed millions.

    Germany also established the colony of German South West Africa (present-day Namibia), where the first genocide of the 20th century was later perpetrated against its colonised peoples.

    How the boundaries of Africa changed after the Berlin conference.
    Wikimedia Commons/Somebody500

    2. The Tripartite Convention

    It wasn’t just Africa that was divided up this way. In 1899, Germany and the United States held a conference and forced an agreement on the Samoans to split their islands between the two powers.

    This was despite the Samoans expressing a desire for either self-rule or a confederation of Pacific states with Hawai’i.

    As “compensation” for missing out in Samoa, Britain received uncontested primacy over Tonga.

    German Samoa came under the rule of New Zealand after the first world war and remained a territory until 1962. American Samoa (in addition to several other Pacific islands) remain US territories to this day.

    3. The Sykes-Picot Agreement

    As the first world war was well under way, British and French representatives sat down to agree how they’d divide up the Ottoman Empire after it was over. As an enemy power, the Ottomans were not invited to the talks.

    Together, England’s Mark Sykes and France’s François Georges-Picot redrew the Middle East’s borders in line with their nations’ interests.

    The Sykes-Picot Agreement ran counter to commitments made in a series of letters known as the Hussein-McMahon correspondence. In these letters, Britain promised to support Arab independence from Turkish rule.




    Read more:
    What was the Sykes-Picot agreement, and why does it still affect the Middle East today?


    The Sykes-Picot Agreement also ran counter to promises Britain made in the Balfour Declaration to back Zionists who wanted to build a new Jewish homeland in Ottoman Palestine.

    The agreement became the wellspring of decades of conflict and colonial misrule in the Middle East, the consequences of which continue to be felt today.

    Map showing the areas of control and influence in the Middle East agreed upon between the British and French.
    The National Archives (UK)/Wikimedia Commons

    4. The Munich Agreement

    In September 1938, British Prime Minister Neville Chamberlain and French Prime Minister Édouard Daladier met with Italy’s fascist dictator, Benito Mussolini, and Germany’s Adolf Hitler to sign what became known as the Munich Agreement.

    The leaders sought to prevent the spread of war throughout Europe after Hitler’s Nazis had fomented an uprising and began attacking the German-speaking areas of Czechoslovakia known as the Sudetenland. They did this under the pretext of protecting German minorities. No Czechoslovakians were invited to the meeting.

    The meeting is still seen by many as the “Munich Betrayal” – a classic example of a failed appeasement of a belligerent power in the false hope of staving off war.

    5. The Évian Conference

    In 1938, 32 countries met in Évian-les-Bains, France, to decide how to deal with Jewish refugees fleeing persecution in Nazi Germany.

    Before the conference started, Britain and the US had agreed not to put pressure on one another to lift the quota of Jews they would accept in either the US or British Palestine.

    While Golda Meir (the future Israeli leader) attended the conference as an observer, neither she nor any other representatives of the Jewish people were permitted to take part in the negotiations.

    The attendees largely failed to come to an agreement on accepting Jewish refugees, with the exception of the Dominican Republic. And most Jews in Germany were unable to leave before Nazism reached its genocidal nadir in the Holocaust.

    6. The Molotov-Ribbentrop Pact

    As Hitler planned his invasion of Eastern Europe, it became clear his major stumbling block was the Soviet Union. His answer was to sign a disingenuous non-aggression treaty with the USSR.

    Joseph Stalin and Joachim von Ribbentrop after the signing of the Molotov-Ribbentrop Pact.
    German Federal Archives/Wikimedia Commons

    The treaty, named after Vyacheslav Molotov and Joachim von Ribbentrop (the Soviet and German foreign ministers), ensured the Soviet Union would not respond when Hitler invaded Poland. It also carved up Europe into Nazi and Soviet spheres. This allowed the Soviets to expand into Romania and the Baltic states, attack Finland and take its own share of Polish territory.

    Unsurprisingly, some in Eastern Europe view the current US-Russia talks over Ukraine’s future as a revival of this kind of secret diplomacy that divided the smaller nations of Europe between large powers in the second world war.

    7. The Yalta Conference

    With the defeat of Nazi Germany imminent, British Prime Minister Winston Churchill, Soviet dictator Josef Stalin and US President Franklin D Roosevelt met in 1945 to decide the fate of postwar Europe. This meeting came to be known as the Yalta Conference.

    Alongside the Potsdam Conference several months later, Yalta created the political architecture that would lead to the Cold War division of Europe.

    At Yalta, the “big three” decided on the division of Germany, while Stalin was also offered a sphere of interest in Eastern Europe.

    This took the form of a series of politically controlled buffer states in Eastern Europe, a model some believe Putin is aiming to emulate today in eastern and southeastern Europe.

    Matt Fitzpatrick receives funding from the Australian Research Council. He is affiliated with the History Council of South Australia.

    – ref. Ukraine isn’t invited to its own peace talks. History is full of such examples – and the results are devastating – https://theconversation.com/ukraine-isnt-invited-to-its-own-peace-talks-history-is-full-of-such-examples-and-the-results-are-devastating-250049

    MIL OSI – Global Reports –

    February 18, 2025
  • MIL-OSI China: How ‘Ne Zha 2’ becomes global box office sensation

    Source: China State Council Information Office 3

    “Ne Zha 2,” the animated blockbuster that has dominated China’s box office, is igniting a global frenzy with its seamless fusion of traditional Chinese mythology and innovative animation storytelling.

    Children look at a poster for “Ne Zha 2” in a theater in Los Angeles County, the United States, Feb. 14, 2025. (Photo by Qiu Chen/Xinhua)

    The film was officially released in Australia, New Zealand, Fiji and Papua New Guinea on Thursday and hit the big screen in North America the next day, sparking much demand. Additional releases are planned in other countries including Singapore, Malaysia, Egypt, South Africa, Pakistan, Japan and South Korea.

    On social media, #NeZha2 is trending, with fans calling it “visually stunning” and “emotionally powerful.” The film’s IMDb rating stands at 8.3 to date, reflecting its universal appeal.

    How did the animated movie, based on ancient Chinese mythology, become an international box office sensation?

    EXQUISITE ANIMATION PRODUCTION

    “Ne Zha 2” has captivated audiences with its state-of-the-art visual effects — an area once dominated by Hollywood productions.

    By leveraging advanced technologies, such as GPU rendering and artificial intelligence, the film achieves a level of visual sophistication that rivals that of Hollywood films.

    With around 2,000 special effects shots and 10,000 special effects elements, the film’s visual grandeur has blended with traditional Chinese aesthetics, like misty landscapes inspired by traditional ink paintings, creating a visually immersive experience that resonates globally.

    The film’s technical brilliance, as seen in breathtaking sequences, such as the climactic battle at Tianyuan Ding and the transformation of Ne Zha’s physical form, exemplifies the significant advancement of China’s animation industry through the marriage of artistry and technology.

    With contributions from 138 animation studios, “the film showcases the collaborative power of China’s creative ecosystem and heralds an upgrade in both the film industry and its aesthetic standards,” noted Chen Xuguang, director of the Institute of Film, Television and Theatre at Peking University.

    People pose for photos in front of the poster of the Chinese animated feature “Ne Zha 2” at IMAX Sydney in Sydney, Australia, Feb. 11, 2025. (Xinhua/Ma Ping)

    GLOBAL APPEAL

    Inspired by the 16th-century Chinese mythological novel, “The Investiture of the Gods,” “Ne Zha 2” portrays its protagonist as a rebellious boy-god blending contemporary themes of identity, resilience and social justice, a narrative that has struck a chord with global audiences.

    Emotional appeal is a critical factor. The film’s emotional core — family bonds, friendship, and societal marginalization — transcends cultural barriers. As one U.S. viewer noted, “Ne Zha’s struggle mirrors my own battles against prejudice.”

    Director Yang Yu, known as Jiaozi, has emphasized that the international success of Chinese cinema hinges on the intrinsic charm of the works themselves. “It’s about whether a script, a story and its characters can move audiences worldwide,” he said.

    “Ne Zha 2,” with its universal themes and emotional depth, is a compelling example of how Chinese cinema can achieve this.

    Robert King, a Hollywood producer, praised the film’s success in China and its cultural significance. He said “Ne Zha 2” could become a contender for international awards in multiple categories, including foreign film and animation. “This little rascal Ne Zha will resonate with Hollywood,” he said.

    This photo taken on Feb. 13, 2025 shows a projected poster for the Chinese fantasy feature “Ne Zha 2” at a shopping mall in Sydney, Australia. (Xinhua/Ma Ping)

    WIDE AUDIENCE SUPPORT

    The film, with English subtitles, has been well-received by overseas Chinese communities, whose overwhelming support — evidenced by positive social media comments and demands for more screenings — has been pivotal to its global momentum.

    For many overseas Chinese viewers, “Ne Zha 2” offers a sense of cultural pride and nostalgia, resonating deeply with their cultural identity.

    Angela Yu, from northeast China’s Heilongjiang Province and living in the U.S. for nearly 18 years, said the production was top-notch and the story captivated her every second, noting that “this is the best cure I’ve had in recent years.”

    A lady, who gave her surname as Lai, said that she was deeply moved by the film, crying and laughing while watching it.

    “Compared with the century-old Hollywood, Chinese films started late but have made rapid progress in recent years,” she said.

    It is clear that in many ways, “Ne Zha 2” is more than just a film; it’s a cultural milestone. Its success reflects the dynamism of China’s creative industries, the enduring appeal of its cultural heritage, and the potential for Chinese stories to captivate audiences all over the world.

    Having amassed over 10 billion yuan (about 1.39 billion U.S. dollars) in global total earnings, including presales, “Ne Zha 2” is the first film to gross 1 billion U.S. dollars in a single market and the first non-Hollywood title to join the coveted billion-dollar club.

    With domestic earnings projected to surge past 15 billion yuan, the film stands poised to become the highest-grossing animated movie of all time and one of the five top-grossing films globally.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: African leaders call for immediate withdrawal of M23 rebels from DRC

    Source: China State Council Information Office 3

    African leaders attending the 38th African Union (AU) Summit have urged immediate withdrawal of the March 23 Movement (M23) armed group from the eastern Democratic Republic of the Congo (DRC).

    In a press conference on the sidelines of the AU Summit on Sunday in Addis Ababa, the capital of Ethiopia, AU Commissioner for Political Affairs, Peace and Security Bankole Adeoye said African leaders called for the preservation and total respect of the sovereignty, political unity and territorial integrity of the DRC.

    “We are clearly expressing great concern, and what leaders did too, in the situation in the eastern DRC, calling for immediate withdrawal of the M23 and their supporters from all occupied towns and cities, including Goma airport in the eastern DRC,” Adeoye said.

    The commissioner noted that the continental bloc is closely following the crisis and pushing forward effective implementation of the Luanda and Nairobi processes.

    “It is also important to emphasize that leaders even at the assembly and the level of the peace and security council also agreed to ensure that the two processes, popularly called Luanda and Nairobi processes, remain the best form of dialogue framework for all parties,” he said.

    According to Adeoye, the continental bloc condemned illegal mineral exploitation and other natural resources in the region, which complicated the crisis. The AU called on all parties to the conflict in the eastern DRC to embrace reconciliation and dialogue.

    The M23 rebels entered Bukavu, a major city in the region, on Sunday. The armed group has been advancing since seizing the region’s largest city, Goma, in late January. 

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI: BitMart Launches Exclusive KOL Incentive Campaign to Reward Top Referrers

    Source: GlobeNewswire (MIL-OSI)

    Victoria. Mahe, Seychelles, Feb. 17, 2025 (GLOBE NEWSWIRE) — BitMart, a leading global cryptocurrency exchange, is excited to unveil its monthly Key Opinion Leader (KOL) Incentive Campaign, a unique opportunity for influencers to earn exclusive rewards by driving community growth. This initiative is tailored to reward top referrers who bring new users to the BitMart platform, offering USDT prizes, customized gifts, and more.

    Why Join the Campaign?

    • Boost Your Influence: Top-performing KOLs will be spotlighted on BitMart’s social channels, elevating your personal brand within the crypto space.
    • Earn Exclusive Rewards: The #1 KOL each month receives a customized gift and a significant USDT reward, while runners-up (2nd–5th) earn USDT prizes or trading fee discounts.
    • Everyone Wins: Active participants are eligible for random draw rewards, ensuring everyone has a chance to benefit.

    How It Works:

    1. Sign Up: Join the KOL Incentive Campaign on BitMart’s platform.
    2. Refer & Grow: Use your unique referral code to invite friends and new users.
    3. Win Big: Compete monthly to refer the most users and claim your rewards.

    Monthly Rewards Await:

    Every month, the KOL who refers the highest number of new users will be crowned the BitMart Champion of Growth, earning a custom gift and USDT rewards. This is your chance to shine and be recognized globally for your contributions to the BitMart community.

    Amplify Your Impact:

    BitMart is dedicated to building a thriving and engaged community. By participating in this campaign, you can leverage your network to make a meaningful impact while reaping exclusive rewards.

    Don’t Wait – Join Now!

    Take your influence to the next level and start earning today. Sign up for BitMart’s Monthly KOL Incentive Campaign and compete for incredible rewards.

    For more details, visit: https://www.bitmart.com/activity/KOLincentive2025/.

    About BitMart
    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Disclaimer:

    Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal, or tax advice.

    The MIL Network –

    February 18, 2025
  • MIL-OSI: BitMart Research Releases In-Depth Analysis on World Liberty Financial (WLFI) and Its Strategic Vision

    Source: GlobeNewswire (MIL-OSI)

    Victoria. Mahe, Seychelles, Feb. 17, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released an extensive report on World Liberty Financial (WLFI), a DeFi initiative backed by members of the Trump family. This report provides a comprehensive analysis of WLFI’s financial strategy, political influence, and long-term investment potential, making it a must-read for investors, policymakers, and cryptocurrency enthusiasts.

    World Liberty Financial (WLFI) 

    I. Project Background

    1. Project Introduction

    WLFI is a DeFi project supported by the Trump family, the President of the United States, and officially launched in September 2022. Its core objective is to promote the widespread adoption of stablecoins, strengthen the dominance of the US dollar in the global financial system, and utilize cryptocurrency technology to fulfill the vision of “Make America Great Again.” WLFI is positioned as a DeFi lending platform, initially operating on the Ethereum network. It leverages mature DeFi protocols (such as Aave v3) to optimize user experience rather than launching entirely new financial tools. 

    On December 13, 2024, the World Liberty Financial community approved its first proposal and successfully deployed an instance of Aave v3. Although WLFI has made initial progress, many of its team co-founders are newcomers, and its long-term feasibility and innovation potential remain to be verified.

    On February 12, 2025, WLFI announced the launch of “Macro Strategy,” aimed at establishing strategic token reserves to support leading cryptocurrency projects such as Bitcoin and Ethereum. This strategy will help WLFI enhance stability, promote growth, and build trust, while collaborating with traditional financial institutions to advance tokenization of assets. WLFI is working with several financial institutions to incorporate their tokenized assets into reserves and provide transparency through public blockchain wallets. Additionally, WLFI will collaborate with partner institutions to conduct marketing and brand promotion activities, showcasing its leadership in financial innovation.

    2. Team Information

    Trump Family Roles

    • Donald J. Trump: Listed as the “Chief Cryptocurrency Advocate,” responsible for promoting the project but not deeply involved in technology or operations.
    • Eric Trump & Donald Trump Jr. & Barron Trump: Serve as “Web3 Ambassadors,” mainly responsible for promoting and publicizing the project.

    Core Co-Founders

    • Chase Herro and Zak Folkman: Both co-lead operations but have controversial backgrounds due to a lack of experience in the crypto industry. Chase Herro has been involved in cannabis sales and promoting controversial tokens; Zak Folkman founded a male dating coaching company.

    Witkoff Family

    • Real estate developer Steven Witkoff and his sons Zach and Alex are closely related to the Trump family. Steven donated $2 million to Trump’s campaign. After Trump’s victory, he was appointed as the Middle East envoy.

    Core Technical Personnel

    • Rich Teo: Head of stablecoins and payments, previously founded the exchange itBit and stablecoin company Paxos, currently serves as CEO of Paxos Asia. Rich is also an advisor for the SocialFi project RepubliK.
    • Corey Caplan: Head of technical strategy, co-founder of the DeFi platform Dolomite, responsible for integrating lending and trading functions.
    • Bogdan Purnavel: Chief Developer, previously worked on Dough Finance.

    Advisory Team

    • Alexei Dulub: Founder of Web3 Antivirus, blockchain security expert, participated in L1/L2 development since 2013.
    • Sandy Peng: Co-founder of Ethereum Layer 2 network Scroll, provides scaling technology support.
    • Justin Sun : As a strategic advisor and largest investor (invested $75 million), promotes ecological cooperation with TRON.

    Source: WLFI official website

    II. Funding Sources and Token Utilization
    WLFI’s funding comes from token sales, raising a total of $455 million as of February 9 (Source: WLFI official website). Of this, the first public sale of 21.3 billion tokens was sold out at $0.015 per token, raising $319 million. In the second public sale, the price was increased to $0.05 per token, raising $136 million by February 7. Currently, WLFI’s total value of purchased crypto assets is estimated at approximately $325.8 million, including important projects like ETH, WBTC, DeFi, and RWA. However, it should be noted that this project does not operate like a fund raising money through WLFI tokens to purchase mainstream project tokens with growth potential; WLFI token holders do not have rights to distribute investment returns. Although WLFI defines itself as a DeFi lending platform, it has not yet begun operations or provided DeFi services, so WLFI tokens currently have no value or usage path

    .

    III. Total Holdings

    As of February 9, 2025, WLFI’s total asset value is estimated at approximately $327million, with on-chain assets valued at around $37.79 million and centralized exchange assets valued at approximately $289 million (if unsold, deposited into Coinbase Prime for fund management and business operations).

    WLFI On-chain Assets (Data Source: ARKM)

    WLFI CoinbasePrime Assets (Data Source: SpotonChain)

    IV. Holding Structure Analysis

    As a crypto project strongly associated with the Trump family, WLFI’s asset allocation strategy has attracted market attention and spawned the concept of “presidential picks.” As of February 2025, ETH occupies a core position in WLFI’s crypto holdings (62.3%), followed by WBTC (16.4%), with remaining funds allocated to DeFi and RWA tracks. Notably, despite the decline in ETH/BTC exchange rates since December 2024, WLFI chose to increase its ETH holdings, highlighting its bet on the underlying infrastructure value of the Ethereum ecosystem. In terms of track selection, WLFI focuses on leading projects: Chainlink (LINK) and Aave (AAVE) in the DeFi field; Ondo Finance (ONDO) and Ethena (ENA) in the RWA track, forming a combination of “established protocols + emerging protocols.” 

    In terms of external cooperation, WLFI has formed a deep connection with Sun Yuchen, founder of TRON. The latter has invested $75 million through an HTX address and become the largest institutional investor. This also explains WLFI’s holdings of TRX and WBTC.

    Regarding fund management, WLFI recently transferred $307.4 million in assets to Coinbase Prime for custody and released 194 thousand stETH for liquidity management. Currently, the project still holds $47.49 million in stablecoin reserves. Future investments may focus on three main directions: (1) supplementing core asset holdings; (2) laying out emerging RWA protocols; (3) covering ecological cooperation costs.

    Detailed Holdings Breakdown:

    1. Ethereum (ETH)
    • ETH:78,610 tokens ($209 million, 63.8%)
    1. DeFi
    • AAVE: 16,585 tokens ($4.091 million, 1.3%)
    • LINK: 219,000 tokens ($4.117 million, 1.3%)
    1. RWA
    • ENA: 4.941 million tokens ($2.47 million, 0.8%)
    • ONDO: 456,000 tokens ($612,000, 0.001%)
    1. Justin Sun-related Assets
    • WBTC: 553 tokens ($53.648 million, 16.4%)
    • TRX: 40.71 million tokens ($9.772 million, 3%)
    1. Other Assets
    • USDC: 37.54million tokens ($37.54 million, 11.5%)
    • USDT: 4.14 million tokens ($4.14 million, 1.3%)
    • MOVE: 3.68 million tokens ($1.98 million, 0.3%)

    Analysis of WLFI Project Logic: Political Empowerment and Financial Ambition

    1.Financialization of Political Resources: A Fundraising Tool for the Trump Family

    From the token economic model of WLFI, it is evident that up to 75% of sales revenue directly belongs to the Trump family. Meanwhile, the project’s legal structure deliberately avoids direct association with Donald Trump himself, but strengthens its political binding attributes through public endorsements by family members (such as Eric Trump). This design essentially transforms Trump’s political influence into quantifiable financial assets, making it a political fundraising tool rather than a true decentralized financial product. The market generally views WLFI as a “bet on the prospects of Trump’s support for cryptocurrency policies.” Previously, investors purchasing this token were essentially indirectly supporting Trump’s campaign activities. This model is similar to Trump’s previous Trump MEME token, both serving as alternative financing channels beyond traditional political donations.

    2.Market Sentiment Manipulation: Dual Operation of Capital and Narrative

    The project can leverage Trump’s political influence to create market sentiment for itself and related projects. For example, after receiving investment from Sun Yuchen, WLFI made significant purchases of TRX and WBTC, with the current holding value at approximately $63.41 million. As of February 9, Sun Yuchen had invested a total of $75 million, with 84.5% of the funds used to purchase tokens related to his investments. Additionally, recently WLFI co-founder Chase Herro announced plans to establish a “strategic reserve” using tokens purchased by WLFI. Although he did not specify the goals or reasons for establishing the token reserve, this topic has been highly regarded since Trump committed during his last presidential campaign to establish a token reserve. Last month, Trump signed an executive order to assess the feasibility of creating a digital asset reserve. Against this backdrop, WLFI’s plan to establish a strategic reserve will undoubtedly strengthen market expectations around the concept of “presidential selection.” By deeply binding WLFI with Trump’s cryptocurrency policies, it can not only create market expectations and attract more capital inflows but also potentially facilitate off-market cooperation between the project party and political capital, thereby further expanding its market influence.

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join theirTelegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere. 

    Risk Warning

    Note: All cryptocurrency investments, including yield products, are highly speculative and involve significant risks. Past performance of products cannot guarantee future results. Cryptocurrency markets are highly volatile, and before making any investment decisions, you should carefully assess whether it is suitable for trading or holding digital currencies based on your investment objectives, financial situation, and risk tolerance, and consult a professional financial advisor. The information in this article is for reference only and does not constitute any investment, legal, or tax advice. The author and publisher do not assume responsibility for any losses incurred due to the use of this information.

    The MIL Network –

    February 18, 2025
  • MIL-OSI Australia: ACCC proposes to authorise Virgin Australia and Qatar Airways integrated alliance

    Source: Australian Competition and Consumer Commission

    The ACCC is proposing to grant authorisation to Virgin Australia and Qatar Airways, which will allow them to engage in cooperative conduct under an integrated alliance for five years.

    Virgin Australia and Qatar Airways are seeking authorisation to engage in an integrated alliance where Virgin Australia, in partnership with Qatar Airways, will commence 28 new weekly return services between Doha and Perth, Brisbane, Sydney and Melbourne.

    Under the proposed arrangements, Virgin Australia would use Qatar Airways’ aircraft and crew to operate the new services. This is known in the aviation industry as ‘wet lease’ arrangements.

    The ACCC considers that the proposed cooperative conduct is likely to result in public benefits and is unlikely to result in any public detriment.

    “We consider that the proposed cooperative conduct would likely result in several public benefits including providing enhanced products and services for air travellers which would include increased choice of international flights, with additional connectivity, convenience and loyalty program benefits for consumers,” ACCC Commissioner Anna Brakey said.

    The new air services are subject to final regulatory approvals by the ACCC and other government bodies. The ACCC is now seeking feedback on this draft determination before it makes a final decision.

    The ACCC granted interim authorisation to Virgin Australia and Qatar Airways on 29 November 2024 to enable them to commence marketing and selling the new Australia-Doha services.

    When granting interim authorisation, the ACCC accepted a court-enforceable undertaking from both airlines which ensures that if any of the necessary final regulatory approvals are not granted, then customers who have booked the proposed new services will be given the option of a refund or re-accommodation on a suitable alternative flight at no additional charge and would be compensated for any reasonably foreseeable costs.

    A number of interested parties have since raised concerns with the ACCC that the proposed cooperative conduct would circumvent Australian workforce laws and regulations, and that the lack of time limits on the use of Qatar-based crew to operate the new services will have negative implications for the Australian aviation workforce.

    “We consider that Virgin Australia is unlikely to commence operating long-haul international services between Australia and the Middle East on a stand-alone basis in the next five years,” Ms Brakey said.

    “In those circumstances, we do not consider that there is likely to be a material detrimental impact on the Australian aviation workforce as a result of the conduct.”

    Under the proposed arrangements Velocity Frequent Flyer members will continue to be able to earn and redeem Velocity points on Singapore Airlines operated services globally, including to and from Europe, the Middle East and Africa. Virgin Australia’s arrangements with South African Airways and Virgin Atlantic would be unchanged. The ACCC is seeking submissions in response to the draft determination by 7 March 2025 before making its final determination.

    Further information about this application, the ACCC’s indicative timeline, and how to make a submission is available on the ACCC’s public register.

    Notes to editors

    ACCC authorisation provides statutory protection from court action for conduct by competitors that might otherwise raise concerns under the competition provisions of the Competition and Consumer Act.

    Broadly, the ACCC may grant an authorisation when it is satisfied that the public benefit from the conduct outweighs any public detriment.

    MIL OSI News –

    February 18, 2025
  • MIL-OSI Australia: Ehrenberg-Bass has earned the undivided respect of global brands over 20 years

    Source: University of South Australia

    18 February 2025

    The five Ehrenberg-Bass directors.

    The world’s largest centre for research into marketing is celebrating 20 years of transforming the industry and working with some of the biggest brands on the planet – and doing it from the small city of Adelaide, South Australia.

    University of South Australia’s Ehrenberg-Bass Institute of Marketing Science has become a global leader in research covering evidence-based marketing, advertising, brand equity, new and traditional media, buyer behaviour and shopper research.

    Over the years the Institute has worked with brand juggernauts such as McDonalds, Nestle, PepsiCo, and AstraZeneca. Based at UniSA’s Business School, it now has a team of more than 70 marketing scientists who work to reshape the world’s understanding of marketing, it’s principles and practices.  While based in Adelaide, the Institute runs advisory boards across North America, Europe and Australasia, bringing together the brightest minds in the business world.

    One of its biggest sponsors is global manufacturer of confectionary, pet care and food, Mars Inc, a company that hit a total annual revenue of US$50 billion in 2023 and in 2024 was ranked by Forbes magazine as the fourth largest privately held company in the United States.

    Mars products such as Mars, Milky Way and Snickers chocolate bars, M&Ms and Wrigley chewing gum are household names in more than 50 countries, as are its pet care brands Pedigree, Whiskas and Royal Canin.

    A two-decade relationship was sparked when Ehrenberg-Bass Director, Professor Byron Sharp delivered a workshop at a Mars Inc. training conference in the early 2000s. The visit evolved into a team of Institute researchers working to transform the role of marketing in the powerhouse company by changing its marketing systems, metrics and practices.

    “We were looking for a real academic partnership. A place where the real work begins extending the Laws of Growth into practical application,” says Bruce McColl, former Mars Inc’s Global Chief Marketing Officer.

    Mars revenue grew from US$25 billion to US$35 billion and led to 80-year-old brand Snickers – one of the most iconic products in the confectionary market – to experience sustained double-digit growth and a 30% lift in advertising performance effectiveness.

    “As we mark our 20th anniversary, we are looking back on our humble beginnings through to our industry leadership. Our journey has been fuelled by passion, perseverance and unwavering support from our incredible team and sponsors,” says Professor Sharp.

    “The companies we work with are celebrating lower marketing costs, greater marketing effectiveness and, most importantly, revenue growth.”

    Prof Sharp has built a solid reputation for challenging traditional marketing notions and the marketing industry’s ‘everyday nonsense’. His book How Brands Grow: What Marketers Don’t Know debunks common myths about brand growth and has become a cornerstone for modern marketing strategies. Heralded as a ‘bible’ for marketers worldwide, it’s sold over 150,000 copies and is available in more than 12 languages.

    Global companies like Coca-Cola and Procter & Gamble, owner of iconic household brands such as Pantene, Gillette, Oral B and Olay, have adopted Ehrenberg-Bass principles to optimise their marketing strategies.

    The Ehrenberg-Bass team is celebrating 20 years.

    One of Prof Sharp’s most popularised approaches is the Double Jeopardy Law, a concept that at first glance may seem intuitive or obvious, but its significance lies in the profound implications it has for marketing strategy.

    The law states that smaller or less popular brands have fewer buyers, and these buyers are less loyal. Larger brands have both more buyers and enjoy higher loyalty from their customers. Traditional marketing practices often emphasise customer loyalty as being the primary goal for growth – but the Double Jeopardy Law shows that loyalty is a result of scale, rather than a driver of growth.

    Prof Sharp says the team’s work reveals insights that often challenge long-held beliefs in marketing.

    “Our work shows that some of the world’s most innovative marketing solutions can emerge from unexpected places,” he says. “Adelaide is home to a team that’s driving global change in one of the world’s most dynamic industries.

    Further quotes from Ehrenberg-Bass sponsors and clients

    “The Ehrenberg-Bass Institute of Marketing Science opened my eyes to debunking many of the commonly held myths about how brands grow.” – Bernice Samuels, former Chief Marketing Officer, First National Bank, South Africa.

    “Common sense backed by hard data – the Ehrenberg-Bass Institute keeps our marketers grounded and makes them better long-term stewards of our most valuable corporate assets – our brands.” – Jane Ghosh, former UK Commercial Marketing Director – Cereal, Kellogg Company, UK.

    …………………………………………………………………………………………………………………………

    Contact for interview: Professor Byron Sharp, Director, Ehrenberg-Bass Institute for Marketing Science, UniSA
    E: Byron.Sharp@unisa.edu.au  
    Media contact: Melissa Keogh, Communications Officer, UniSA M: +61 403 659 154 E: Melissa.Keogh@unisa.edu.au

    MIL OSI News –

    February 18, 2025
  • MIL-OSI United Nations: Use Upcoming Tenth Anniversary of Minsk Accord’s Signing to Renew Diplomatic Efforts towards De-escalation in Ukraine, Assistant Secretary-General Urges Security Council

    Source: United Nations MIL OSI b

    The Minsk Agreements show that the signing of a peace pact alone does not ensure a durable end to conflict, the Security Council heard today as it met a decade after the adoption of Council resolution 2202 (2015), which called for the full implementation of those accords.

    The international community must use the 10-year anniversary as an opportunity to “recall past diplomatic efforts towards de-escalation” as well as reflect “on what happens when peacemaking fails”, Miroslav Jenča, Assistant Secretary-General for Europe, Central Asia and Americas in the Departments of Political and Peacebuilding Affairs and Peace Operations, said.  He noted that in one week, it will be “three tragic years” since the Russian Federation’s full-scale invasion of Ukraine.

    Highlighting the crucial role of regional and subregional organizations, he praised the Organization for Security and Cooperation in Europe (OSCE) Special Monitoring Mission for monitoring ceasefire violations and helping to maintain dialogue for “eight difficult years”.  Any peaceful settlement must respect the sovereignty, independence and territorial integrity of Ukraine, he said, welcoming all initiatives with the full participation of Ukraine and the Russian Federation.  Ensuring the conflict does not reoccur or escalate requires genuine political will and understanding of its “multidimensional complexity”, he said.

    Peace Activist Haunted by Dead Ukrainian, Russian Soldiers, Says War Could Have Been Avoided through Diplomacy

    “The people of Ukraine are divided – they are either pro- or anti-Russian,” stated Roger Waters, civil peace activist, who also addressed the Council today.  To those questioning his credentials, he said:  “I’m here to talk about war and peace and love, and my credentials are firmly in place.” “Hundreds of thousands of dead Ukrainian and Russian soldiers […] are in this room with us today [and] they haunt me,” he said. 

    Recalling the Maidan protests in Kyiv, he stressed that this is one of the problems with regime change — “dead bodies, they are somebody’s loved one”. Immediately after the Government change in 2014, Crimea seceded from Ukraine and joined the Russian Federation. “Did it secede or was it annexed?” he asked, pointing to a referendum held at the time, in which 95 per cent of Ukrainians in Crimea voted to secede. 

    The agreements — Minsk I, signed in September 2014, and Minsk II, in February 2015 — outlined steps for ending the conflict in eastern Ukraine through a political settlement.  The latter accord stipulated a ceasefire in certain areas of the Donetsk and Luhansk regions and the withdrawal of military equipment by both sides.  It also included a commitment by Kyiv to organize local elections and grant special status to the separatist-held areas in eastern Ukraine and the reinstatement of Ukraine’s full control over its border.

    Mr. Waters said that despite campaigning on the promise to resume Minsk II, Ukraine President Volodymyr Zelenskyy, who came to power in 2019, did not do so, and in 2022, Russian troops crossed the border to Ukraine. This war could have been avoided through diplomacy, he insisted, adding that President Zelenskyy had started talking to Russian President Vladimir Putin and by the end of April 2014, a ceasefire agreement had been agreed upon in Istanbul.  The war could have been a stillborn, but then United Kingdom Prime Minister Boris Johnson arrived in Kyiv with the message that the war should be continued as it “suits the Americans” — “the longer it takes, the better”. 

    Citing the telephone talks between United States President Donald Trump and President Putin as a potential move in the right direction, he concluded:  “Maybe there is a glimmer of light at the end of this dark tunnel of war — it comes three years and hundreds of thousands of priceless lives too late, but maybe it’s a start.”

    United States Committed to Ending Carnage, Restoring Europe’s Stability, its Speaker Says 

    Washington, D.C., is committed to ending the carnage and restoring Europe’s stability, the representative of the United States said, adding:  “We want a sovereign and prosperous Ukraine but we must start by recognizing that returning to Ukraine’s pre-2014 borders is an unrealistic objective.”  Further, he added:  “Chasing this illusionary goal will only prolong the war and cause more suffering.” At the same time, he underscored that the Russian Federation has consistently undermined the Minsk Agreement; therefore, a durable peace for Ukraine must include robust security guarantees to ensure the war will not begin again.  Describing Moscow’s illegal war of conquest as “a strategic error”, he said that “the easy way out is through negotiations”.  If Moscow, instead, “chooses the hard way”, it will incur greater and escalating costs to its economy and losses on the battlefield, he warned. 

    New United States Administration Has Created Space for Diplomacy, Russian Federation’s Representative Says 

    For his part, the Russian Federation’s delegate said that “the entry into office of the Republican United States Administration” has created space for the emergence of diplomacy.  Those who seized power in Ukraine, following the 2014 anti-constitutional coup, had no intention of implementing the Minsk Agreements, he said.  Citing statements by various Ukrainian officials who described the Agreements as “a noose on the neck” and “not binding in nature”, he said the Agreements were “a smokescreen” for Western countries while they provided Ukraine armaments. 

    Outlining lessons to draw from the failure of the Minsk process, he said European Union countries and the United Kingdom are “unfaithful to their word and they cannot be a party to any future agreement”.  Also stressing the need to provide autonomy to the east of Ukraine and guarantees for its Russian language population, he said that President Zelenskyy “is deathly afraid of elections and is doing everything possible to drag them out”.  A future Ukraine needs to be “a demilitarized neutral State, not a part of any blocs or alliances,” he said, adding that it was the prospect of the entry of Ukraine into the North Atlantic Treaty Organization (NATO) that triggered the crisis.

    Entire History of Minsk Agreement “Long List of Violations’ by Moscow”, Ukraine’s Delegate Says

    However, Ukraine’s delegate countered that the entire history of the Minsk Agreements “was a long list of violations” by Moscow.  In 2022, “on this very day”, “in this very chamber”, when her country expressed concern about the buildup of troops along its border and other developments, the Russian Federation had underscored that there is no alternative to the Minsk Agreements, she recalled.  Four days later, that country recognized the so-called independence of the Donetsk and Luhansk regions of Ukraine.  Among others, it never implemented paragraph 4 of the Minsk Protocol, concerning the establishment of a security area in the border regions of the two countries, she said.

     “It is because people of Ukraine are pro-Ukrainian [that] the Russian Federation has failed,” she added.  Any future arrangement involving the Kremlin must include enforcement mechanisms and preventive measures, she stressed, adding:  “What responsible States see as commitments to be upheld, the Russian Federation treats as a tactical ploy.”  Ukraine is working with its partners to find strong solutions, she said, stressing:  “Weak agreements will not bring real peace; they will only lead to the greater war.” 

    Other Council Members Weigh In

    Denmark’s delegate described the current meeting as “part of an ongoing disinformation campaign” to try and distract the international community from the subjugation of Ukraine.  Welcoming Ukraine’s ratification of the Rome Statute, she expressed support for a special tribunal to investigate crimes conducted in that country.  While “no one wants this war to end more than Ukraine”, the United Kingdom’s delegate said, President Putin’s preconditions for talks have been that Ukraine withdraws from large swathes of its own sovereign territory and abandons its right to choose its alliances.  “No country could accept this,” she said, reaffirming that London will provide concrete support for Ukraine for as long as needed. 

    “The Minsk Agreements were a diplomatic initiative designed to prevent further bloodshed and establish a political pathway to peace in Ukraine,” said Germany’s representative, adding that Moscow obstructed its implementation and chose to pursue expansionist conquest.  “This war should not have been started in the first place,” she stressed, calling on all States to unite behind the draft General Assembly resolution on advancing peace in Ukraine.  Along similar lines, France’s delegate highlighted the tireless mediation by Paris and Berlin, to enable Ukraine and Russian Federation to find common ground. However, Moscow chose war, he said, while Greece’s delegate stressed that “no interpretation of the Minsk Agreements can ever justify the invasion of Ukraine”.

    “We need something more than Minsk III,” Slovenia’s delegate said, adding that the abstract nature of the Agreements allowed for multiple interpretations.  Any future accord must be much be more specific with clear timelines, defined sequencing and a monitoring mechanism, he stressed.  Similarly, Somalia’s delegate underscored the importance of clarity, particularly in diplomatic tools, and said the implementation of ceasefire provisions requires robust and impartial verifying mechanisms.  The Republic of Korea’s delegate stressed that “the entire world is well aware of who is aggressor and who is the victim,” also adding that the Democratic People’s Republic of Korea’s support of the Russian Federation, with troops and munitions, is a grave violation of the Organization’s resolutions. 

    Several speakers expressed concern about the failure of diplomacy, while others called on the international community to rally behind new diplomatic efforts.  Since the onset of the Ukraine crisis, Beijing has been calling for a political solution through dialogue and has been actively engaged in diplomatic mediations, China’s representative, Council President for the month, said in his national capacity.  The legitimate security concerns of all countries should be taken seriously, he said, welcoming the Washington, D.C.-Moscow agreement to start peace talks. 

    “We have been consistent in our calls for restraint,” said Pakistan’s delegate, as he expressed regret that the Minsk Agreement could not reach just and lasting peace in the region.  “We must learn from the past so we do not commit the same errors,” Panama’s delegate added, stressing that dialogue and diplomacy is the only path to peace. 

    “The failed implementation of the Minsk Agreement cannot be the reason to prolong this war,” said Guyana’s delegate, reiterating calls for an end to the hostilities and for the withdrawal of Russian Federation’s forces from Ukraine’s territory.  “Until this day more and more civilians are losing their lives, including women and children,” pointed out Algeria’s representative, while Sierra Leone’s delegate underscored that “the conflict in Ukraine will not be resolved by military means”.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-Evening Report: With just 5 years to go, the world is failing on a vital deal to halt biodiversity loss

    Source: The Conversation (Au and NZ) – By Justine Bell-James, Professor, TC Beirne School of Law, The University of Queensland

    Almost 200 nations have signed an ambitious agreement to halt and reverse biodiversity loss but none is on track to meet the crucial goal, our new research reveals.

    The agreement, known formally as the Kunming-Montreal Global Biodiversity Framework, seeks to coordinate global efforts to conserve and restore biodiversity. Its overarching goal is to safeguard biodiversity for future generations.

    Biodiversity refers to the richness and variety within and between plant and animal species, and within ecosystems. This diversity is declining faster than at any time in human history.

    Five years remain until the framework’s 2030 deadline. Our research shows a more intense global effort is needed to achieve the goals of the agreement and stem the biodiversity crisis.

    Biodiversity is in decline

    Biodiversity decline is a growing global issue. Around one million animal and plant species are threatened with extinction.

    The problem is driven by human activities such as land clearing, climate change, pollution, excessive resource extraction and the introduction of invasive species.

    As biodiversity continues to degrade, the foundation of life on Earth becomes increasingly unstable. Biodiversity loss threatens our food, water and air. It increases our vulnerability to natural disasters and imperils ecosystems crucial for human survival and wellbeing.

    The Global Biodiversity Framework was adopted in late 2022 after four years of consultation and negotiation. It involved 23 core commitments to be met by 2030 involving both land and sea. Key to the deal is protecting areas from future harm, and restoring past harms.

    These aims are captured in two targets.

    The first is ensuring 30% of degraded areas are under “effective restoration” to enhance biodiversity. This could involve replanting vegetation, reducing weeds and other pests, or restoring water to drained areas.

    The second is to effectively conserve and manage 30% of land and sea areas – especially those important for biodiversity and the ways ecosystems function and benefit humans. This could mean creating national or marine parks, or nature refuges on private land.

    Importantly, countries should both increase the size of areas protected or under restoration (a matter of quantity), and choose areas where interventions will most benefit biodiversity (a matter of quality).

    Nations were asked to provide an action plan before October 2024. In a paper published today, we reviewed these plans.

    What we found

    Our findings were disappointing. Only 36 countries (less than one quarter of signatory nations) submitted a plan. Australia was one of them.

    And the plans provided were underwhelming. In particular, nations fell badly short on the restoration target. Only nine out of 36 countries committed to restoring a specific percentage of land and sea.

    For example, Italy pledged only to restore “large surfaces of degraded areas” and Australia committed to restoring “priority degraded areas”.

    Defining commitments with numbers is important, because it allows progress to be monitored and measured, and forces nations to be accountable.

    Of those nine countries that made specific restoration commitments, only six committed to the 30% goal: Aruba, China, Curaçao, Japan, Luxembourg and Uganda.

    The results were better when it came to protecting land and sea. Some 22 of the 36 countries set a percentage target for protection. However, only 14 committed to protecting at least 30% of areas, in line with the goals of the deal.

    Again, quality is also important here. Under the deal nations signed up to, protected land should enhance biodiversity, and cover areas very valuable for biodiversity recovery. However, many nations were silent on the issue of quality when outlining their planned protections. It means their efforts could, in some cases, do little for biodiversity.

    A spotlight on Australia

    In recent years, Australia has sought to establish itself as a biodiversity leader on the international stage. This included hosting the global Nature Positive Summit in October last year.

    Following the summit, the federal government claimed it was:

    a tangible demonstration of Australia’s commitments under the Kunming Montreal Global Biodiversity Framework. It showed our willingness to work collaboratively towards the goal of halting and reversing biodiversity loss.

    But despite the rhetoric, our research shows Australia’s plans are not particularly impressive.

    As noted above, Australia does not provide a percentage target for ecosystem restoration. Instead, its plan refers broadly to restoring “priority areas” without defining what these areas are.

    Australia’s plan pledges to identify “priority degraded areas” and define what “under effective restoration” means, but does not outline how this will be done.

    Australia is more aligned with global leaders on protection of biodiversity. It committed to safeguarding 30% of land and water in protected areas.

    However, it provided limited details on how it will select, implement and enforce protection measures. The plan also fails to recognise current shortcomings in protected areas, both in oceans and on land – in particular, Australia’s focus to date on quantity over quality when it comes to selecting sites.

    In contrast, the nation of Slovenia mapped out proposed protected areas.

    So, while Australia did submit an action plan, it has missed the opportunity to be a true global leader.

    Running out of time

    The Global Biodiversity Framework aims to unite nations in the fight to conserve and restore biodiversity. But as our research shows, many countries do not have plans to achieve this, and plans submitted to date are largely inadequate.

    As species and habitats are lost, ecosystems become less stable. This damages human health and wellbeing, as well as economies. Biodiversity loss also undermines vital cultural and spiritual connections to nature.

    All countries must accelerate efforts to avert the biodiversity crisis, and preserve Earth’s precious natural places for future generations.

    Justine Bell-James receives funding from the Australian Research Council, the National Environmental Science Program, and Queensland Government’s Department of Environment, Tourism, Science and Innovation. She is a Director of the National Environmental Law Association.

    James Watson has received funding from the Australian Research Council, National Environmental Science Program, South Australia’s Department of Environment and Water, Queensland’s Department of Environment, Science and Innovation as well as from Bush Heritage Australia, Queensland Conservation Council, Australian Conservation Foundation, The Wilderness Society and Birdlife Australia. He serves on the scientific committee of BirdLife Australia and has a long-term scientific relationship with Bush Heritage Australia and Wildlife Conservation Society. He serves on the Queensland government’s Land Restoration Fund’s Investment Panel as the Deputy Chair.

    – ref. With just 5 years to go, the world is failing on a vital deal to halt biodiversity loss – https://theconversation.com/with-just-5-years-to-go-the-world-is-failing-on-a-vital-deal-to-halt-biodiversity-loss-249841

    MIL OSI Analysis – EveningReport.nz –

    February 18, 2025
  • MIL-OSI United Nations: Security Council Renews Sudan Sanctions Panel, Adopting Resolution 2772 (2025) by 13 Votes in Favour, 2 Abstentions

    Source: United Nations 4

    The Security Council today extended until 12 March 2026 the mandate of the Panel of Experts tasked with assisting its Sanctions Committee concerning Sudan, requesting a final report on the Panel’s findings and recommendations by 13 January 2026.

    Adopting resolution 2772 (2025) (to be issued as document S/RES/2772(2025)) by a vote of 13 in favour to none against, with 2 abstentions (China, Russian Federation), the Council — acting under Chapter VII of the Charter of the United Nations — also requested the Panel to provide the Security Council Committee established pursuant to resolution 1591 (2005) concerning Sudan with an interim report on its activities no later than 12 August.

    Further, the Council requested the Panel to provide updates regarding its activities to that Committee every three months, also expressing its intention to review the Panel’s mandate and take appropriate action regarding its further extension no later than 12 February 2026. It also encouraged all parties, Member States and international, regional and subregional organizations to ensure continued cooperation with the Panel, as well as the safety of its members.

    Speaking after the vote, the representative of the United States — the text’s main author — emphasized that the Panel’s independent reporting will facilitate both Member States’ support for Sudan and “efforts to reach a lasting resolution to a conflict that has caused the world’s largest humanitarian crisis”.  The Panel’s reporting provides unique information crucial to stemming the flow of arms and funds, stopping the fighting and supporting a civilian-led political alternative to both the Sudanese Armed Forces and the Rapid Support Forces, he added.

    Condemning the Rapid Support Forces’ recent attack on the Zamzam refugee camp in Darfur, the representative of the United Kingdom similarly underlined the continued importance of the Panel’s reporting. While welcoming the renewal of the Panel’s mandate, she said that her delegation would have preferred to retain previous language that called on the parties to cease violations of international law and condemned attacks against civilians.  She stressed:  “It is vital that this Council remain focused on protecting civilians in Sudan, given the violence being committed against so many.”

    Several Council members expressed regret that their proposal to align the extension of the Panel of Experts’ mandate with the sanctions measures imposed on Darfur was not taken on board, noting that the former’s mandate extends beyond the latter’s expiration in September.

    “This misalignment, unique to the sanctions regime in Darfur, must be addressed by the Council,” said the representative of Guyana — also speaking for Algeria, Sierra Leone and Somalia.  Nevertheless, they voted in favour of the resolution to reaffirm their continued support for the Panel of Experts, she said, expressing concern over escalating violence, arms flows and child recruitment in Sudan.

    “These developments reinforce the need for sustained monitoring and reporting by the Panel of Experts to keep the Council informed and engaged.”  However, conflict resolution requires a range of tools, and sanction measures alone have not been universally effective in restoring international peace and security.  “There must be a clear and defined pathway for the eventual lifting of sanctions, with periodic evaluations to ensure they serve their intended purpose without causing unintended consequences,” she said.

    Pakistan’s representative also expressed regret that “another opportunity was missed to align the reporting period of the Panel of Experts with that of the sanctions regime in Darfur”, pointing to the author’s “inflexibility to accommodate a six-month extension of the Panel with an automatic extension of 12 months”.  He also voiced concern that the resolution was put to the vote without accommodating the views of all Member States.

    Echoing that, the representative of the Russian Federation said that it is “unacceptable” that the Panel has been instructed to draft reports beyond the timeline of the sanctions regime itself.  “Even any hints” of extending that regime beyond Darfur is also unacceptable, he stressed, as these measures — introduced 20 years ago — “have not benefitted the Sudanese in any way”.  He added that the Panel’s activities must be impartial, “rather than using the mandate as a battering ram against the interests of the Sudanese people and Government”.

    The representative of China, Council President for February, then spoke in his national capacity to observe that the misalignment between the renewal cycles for the Panel’s mandate and the relevant sanctions regime has existed for some time — not because of the complexity of the issue, but fundamentally a lack of political will.  “The solution is quite simple,” he said, pointing out that either the Panel’s mandate or the sanctions regime itself could be extended, once, for six months.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI Economics: 4th Trade for Peace Week opens with high-level session on private sector’s role in stability

    Source: World Trade Organization

    The opening session, titled “Building Resilience through Trade: Private Sector Engagement for Sustainable Peace”, highlighted the private sector’s capacity to drive post-conflict economic recovery and long-term stability.

    WTO Director-General Ngozi Okonjo-Iweala delivered the opening remarks via video message , highlighting the significance of trade in advancing peace, especially in light of increasing global uncertainty. “Promoting peace and prosperity through trade was a founding goal of the multilateral trading system 80 years ago,” she stated. “For trade to deliver tangible dividends for peace in conflict-affected regions, we need partnerships that bridge trade, peace and development. That is what the Trade for Peace Programme is about.”

    A key highlight of the session was Somalia’s reaffirmation of its commitment to leveraging trade for stability, coinciding with the country’s first Working Party meeting on WTO accession. Salah Ahmed Jama, Deputy Prime Minister of the Federal Republic of Somalia, emphasized Somalia’s vision for trade-driven peace. “Somalia’s WTO accession is more than an economic milestone — it is a strategic move towards sustainable peace,” he said. “By fostering an inclusive and rules-based trade system, we are not only integrating into the global economy but also creating opportunities that reduce conflict drivers.”

    Moderated by Itonde Kakoma, President of Interpeace (an international organization that prevents violence and builds lasting peace), the high-level session convened representatives from international organizations, policymakers and private sector leaders.

    Speakers included Idris Abdul Rahman Al Khanjari, Ambassador of Oman to the United Nations Office in Geneva, Vepa Hajiyev, Ambassador of Turkmenistan to the United Nations Office in Geneva, Dorothy Tembo, Deputy Executive Director of the International Trade Centre (ITC), Andrew Wilson, Deputy Secretary-General of the International Chamber of Commerce (ICC), and  Frank Clary, Vice-President of Sustainability at Agility (a global leader in supply chain services, infrastructure and innovation and a pioneer in emerging markets). Their interventions highlighted innovative strategies for bridging trade and peacebuilding, emphasizing how responsible investment and market-driven solutions can contribute to long-term stability.

    The T4P Week will feature interactive sessions, panel discussions and strategic dialogues, bringing together key stakeholders in the field of trade and peace. A major highlight of the week will be the High-Level Book Launch, “Pathways to Sustainable Trade and Peace”, on 20 February, where experts and contributors will present research findings on how trade can serve as a tool for economic resilience and peacebuilding in fragile regions.

    The Trade for Peace Research and Knowledge Database, a comprehensive platform that compiles research studies and other resources on the linkages between trade and peace, will also be launched during the week. The database serves as a practical tool to assist governments, policymakers and researchers in data analysis, policymaking and informed decision-making.

    With over ten dedicated sessions bringing together policy experts, business leaders and peace practitioners, the T4P Week provides an opportunity to explore the synergies between trade and peace. Participants are encouraged to join the discussions, share insights and engage with experts shaping the future of trade and peace.

    For more information see: WTO Trade for Peace.

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    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI NGOs: Meta’s new content policies risk fueling more mass violence and genocide 

    Source: Amnesty International –

    By Pat de Brún, Head of Big Tech Accountability at Amnesty International and Maung Sawyeddollah, the founder and Executive Director of the Rohingya Students’ Network.

    Recent content policy announcements by Meta pose a grave threat to vulnerable communities globally and drastically increase the risk that the company will yet again contribute to mass violence and gross human rights abuses – just like it did in Myanmar in 2017. The company’s significant contribution to the atrocities suffered by the Rohingya people is the subject of a new whistleblower complaint that has just been filed with the Securities and Exchange Commission (SEC). 

    On January 7, founder and CEO Mark Zuckerberg announced a raft of changes to Meta’s content policies, seemingly aimed at currying favor with the new Trump administration. These include the lifting of prohibitions on previously banned speech, such as the denigration and harassment of racialized minorities. Zuckerberg also announced a drastic shift in content moderation practices – with automated content moderation being significantly rolled back. While these changes have been initially implemented in the US, Meta has signaled that they may be rolled out internationally. This shift marks a clear retreat from the company’s previously stated commitments to responsible content governance. 

    “I really think this is a precursor for genocide […] We’ve seen it happen. Real people’s lives are actually going to be endangered.

    A former Meta employee recently speaking to the platformer

    As has been well-documented by Amnesty International and others, Meta’s algorithms prioritize and amplify some of the most harmful content, including advocacy of hatred, misinformation, and content inciting racial violence – all in the name of maximizing ‘user engagement,’ and by extension, profit. Research has shown that these algorithms consistently elevate content that generates strong emotional reactions, often at the cost of human rights and safety. With the removal of existing content safeguards, this situation looks set to go from bad to worse. 

    As one former Meta employee recently told Platformer, “I really think this is a precursor for genocide […] We’ve seen it happen. Real people’s lives are actually going to be endangered.” This statement echoes the warnings from various human rights experts who have raised concerns about Meta’s role in fuelling mass violence in fragile and conflict-affected societies. 

    We have seen the horrific consequences of Meta’s recklessness before. In 2017, Myanmar security forces undertook a brutal campaign of ethnic cleansing against Rohingya Muslims. A UN Independent Fact-Finding Commission concluded in 2018 that Myanmar had committed genocide. In the years leading up to these attacks, Facebook had become an echo chamber of virulent anti-Rohingya hatred. The mass dissemination of dehumanizing anti-Rohingya content poured fuel on the fire of long-standing discrimination and helped to create an enabling environment for mass violence. In the absence of appropriate safeguards, Facebook’s toxic algorithms intensified a storm of hatred against the Rohingya, which contributed to these atrocities. According to a report by the United Nations, Facebook was instrumental in the radicalization of local populations and the incitement of violence against the Rohingya. 

    Rather than learning from its reckless contributions to mass violence in countries including Myanmar and Ethiopia, Meta is instead stripping away important protections that were aimed at preventing any recurrence of such harms. 

    In enacting these changes, Meta has effectively declared an open season for hate and harassment targeting its most vulnerable and at-risk people, including trans people, migrants, and refugees. 

    Meta claims to be enacting these changes to advance freedom of expression. While it is true that Meta has wrongfully restricted legitimate content in many cases, this drastic abandonment of existing safeguards is not the answer. The company must take a balanced approach that allows for free expression while safeguarding vulnerable populations. 

    All companies, including Meta, have clear responsibilities to respect all human rights in line with international human rights standards. Billionaire CEOs cannot simply pick and choose which rights to respect while flagrantly disregarding others and recklessly endangering the rights of millions. 

    Rather than learning from its reckless contributions to mass violence in countries including Myanmar and Ethiopia, Meta is instead stripping away important protections that were aimed at preventing any recurrence of such harms. 

    Pat de Brún is Head of Big Tech Accountability at Amnesty International 

    An investigation by Amnesty International in 2021 found that Meta had “substantially contributed” to the atrocities perpetrated against the Rohingya, and that the company bears a responsibility to provide an effective remedy to the community. However, Meta has made it clear it will take no such action. 

    Rohingya communities — most of whom were forced from their homes eight years ago and still reside in sprawling refugee camps in neighboring Bangladesh — have also made requests to Meta to remediate them by funding a $1 million education project in the refugee camps. The sum represents just 0.0007% of Meta’s 2023 profits of $134 billion. Despite this, Meta rejected the request. This refusal further demonstrates the company’s lack of accountability and commitment to profit over human dignity. 

    That is why we – Rohingya atrocity survivor Maung Sawyeddollah, with the support of Amnesty International, the Open Society Justice Initiative, and Victim Advocates International – on January 23, 2025, filed a whistleblower complaint with the SEC. The complaint outlines Meta’s failure to heed multiple civil society warnings from 2013 to 2017 regarding Facebook’s role in fueling violence against the Rohingya. We are asking the agency to investigate Meta for alleged violations of securities laws stemming from the company’s misrepresentations to shareholders in relation to its contribution to the atrocities suffered by the Rohingya in 2017. 

    Between 2015 and 2017, Meta executives told shareholders that Facebook’s algorithms did not result in polarization, despite warnings that its platform was actively proliferating anti-Rohingya content in Myanmar. At the same time, Meta did not fully disclose to shareholders the risks the company’s operations in Myanmar entailed. Instead, in 2015 and 2016, Meta objected to shareholder proposals to conduct a human rights impact assessment and to set up an internal committee to oversee the company’s policies and practices on international public policy issues, including human rights. 

    With Zuckerberg and other tech CEOs lining up (literally, in the case of the recent inauguration) behind the new administration’s wide-ranging attacks on human rights, Meta shareholders need to step up and hold the company’s leadership to account to prevent Meta from yet again becoming a conduit for mass violence, or even genocide. 

    Similarly, legislators and lawmakers in the US must ensure that the SEC retains its neutrality, properly investigate legitimate complaints – such as the one we recently filed, and ensure those who abuse human rights face justice. 

    Globally, governments and regional bodies such as the EU must redouble their efforts to hold Meta and other Big Tech companies to account for their human rights impacts. As we have seen before, countless human lives could be at risk if companies like Meta are left to their own devices. 

    Pat de Brún is Head of Big Tech Accountability at Amnesty International and Deputy Director of Amnesty Tech. 

    Maung Sawyeddollah is the founder and Executive Director of the Rohingya Students’ Network. He survived the Myanmar military’s atrocities in 2017 and fled to Bangladesh. Sawyeddollah is now studying at NYU while continuing to campaign for justice for the Rohingya. 

    MIL OSI NGO –

    February 18, 2025
  • MIL-OSI Asia-Pac: India Energy Week 2025

    Source: Government of India

    India Energy Week 2025

    Driving Global Energy Innovation and Collaboration for a Sustainable Future

    Posted On: 17 FEB 2025 6:47PM by PIB Delhi

    India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role.

    -Prime Minister Shri Narendra Modi

    A Global Energy Confluence

    India Energy Week (IEW) 2025, held from February 11 to 14, 2025, at the Yashobhoomi Convention Centre, New Delhi, is a premier global event in the energy sector. The event held under the patronage of the Ministry of Petroleum and Natural Gas and organized by the Federation of Indian Petroleum Industry (FIPI) has grown into the world’s second-largest energy conference.

    A Hub of Innovation and Transformation

    The India Energy Week exhibition has grown exponentially to become the world’s new meeting place for energy professionals, with millions of dollars of business conducted onsite, positioning it at the very heart of international business.

    A key facilitator of dialogue between international and regional producers, the event provides international exhibitors with the opportunity to network with key buyers from over 120 countries across the full energy value chain. Exhibitors will have the opportunity to showcase cutting-edge technologies that drive sustainable energy solutions, forge strategic partnerships, and explore opportunities to shape the future of energy.

    Defining Achievements of IEW 2025

     Key Focus Areas of IEW 2025

    • Energy Transition & Green Future: Major focus on biofuels, flex-fuel vehicles, ethanol blending, and green hydrogen. India is steadily progressing toward its goal of producing 5 million metric tons (MMT) of green hydrogen annually by 2030.
    • Exploration & Production (E&P) Reforms: Launch of Open Acreage Licensing Program (OALP) Round X, covering 200,000 sq. km, along with regulatory changes to boost investment in oil and gas exploration.
    • India-US Energy Cooperation: Strengthening LNG supply partnerships and increasing natural gas consumption in India’s energy mix from 6% to 15%.
    • Global Energy Investments: Expanding investments in oil and gas assets across Brazil, Venezuela, Russia, and Mozambique while benefiting from emerging oil sources.
    • Startup & Innovation Recognition: The Avinya’25 – Energy Startup Challenge, led by the Ministry of Petroleum and Natural Gas, awarded innovative startups for breakthroughs in CO₂ capture, ESG solutions, and renewable energy. The Vasudha – Oil and Gas Startup Challenge recognized overseas startups revolutionizing the upstream oil and gas sector with AI-driven solutions.

    Navigating the Nine Thematic Zones

    IEW 2025 introduced nine thematic zones, each focusing on different aspects of the energy sector:

    1. Hydrogen Zone – Hosted by Oil India Limited, showcasing cutting-edge innovations in hydrogen fuel generation.
    2. Biofuels Zone – Highlighting India’s advancements in Biodiesel, Bioethanol, Compressed Biogas, and Sustainable Aviation Fuel.
    3. Renewable Energy Zone – Featuring innovations in solar, wind, and other renewable energy technologies.
    4. LNG EcoSystem – Hosted by Petronet LNG, focusing on India’s downstream LNG supply chain and eco-friendly fuel solutions.
    5. Make in India Zone – Hosted by Engineers India Limited, highlighting indigenous energy manufacturing capabilities.
    6. City Gas Distribution Zone – Hosted by GAIL, emphasizing India’s rapid progress towards a gas-based economy.
    7. Petrochem Zone – Hosted by ONGC, showcasing advancements in petrochemical technologies and sustainable solutions.
    8. Innovation Zone – Featuring emerging startups and breakthrough technologies in energy.
    9. Digitalisation Zone – Showcasing AI, IoT, and automation in optimizing energy production and distribution.

    India: The Rising Energy Powerhouse

    India, the world’s third-largest energy consumer, is poised for the highest energy demand growth. Under PM Narendra Modi’s leadership, the nation is advancing towards a greener future with significant investments in secure, sustainable, and affordable energy. India Energy Week 2025 will serve as a key platform for global collaboration, driving discussions on energy security, innovation, and sustainability.

     

    A dynamic energy landscape

    India’s Path to Sustainability

    As a rapidly advancing economic powerhouse, India faces the twin challenge of surging energy demand while mitigating its carbon footprint. In response, Hon’ble Prime Minister Shri Narendra Modi launched the concept of “Panchamrit” at COP 26, representing a blend of five essential elements. “Panchamrit” underscores India’s commitment to addressing climate change and fostering sustainable growth on a global scale.

    Panchamrit: India’s Five Point Pledge Towards Climate Change

    1. India will take its non-fossil energy capacity to 500 GW by 2030
    2. By 2030, India will reduce the carbon intensity of its economy by less than 45%
    3. India will meet 50% of its energy requirements from renewable energy by 2030
    4. By the year 2070, India will achieve target of net-zero
    5. India will reduce the total projected carbon emissions by one billion tonnes till 2030

    Conclusion

    India Energy Week 2025 serves as a pivotal platform for global energy stakeholders to exchange ideas, foster partnerships, and witness India’s leadership in energy transition. As Shri Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, highlighted, IEW 2025 will act as a catalyst for groundbreaking projects in green hydrogen, solar advancements, and exploration technologies, reinforcing India’s commitment to sustainability and innovation. With a focus on transformative collaboration and investment, the event will shape the global energy agenda, positioning India at the forefront of energy security, technological progress, and a sustainable future.

    References

    Download in PDF

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    Santosh Kumar/ Sarla Meena/ Anchal Patiyal

    (Release ID: 2104168) Visitor Counter : 19

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Asia-Pac: Ministry of Statistics and Programme Implementation organised a half-day workshop on “Leveraging Citizen-Generated Data (CGD) for Sustainable Development Goals (SDGs) in India” on 17th February 2025 in New Delhi

    Source: Government of India

    Posted On: 17 FEB 2025 6:36PM by PIB Delhi

    MoSPI organised a half-day workshop on “Leveraging Citizen-Generated Data (CGD) for Sustainable Development Goals (SDGs) in India”, on 17th February 2025 at Janganana Bhawan, 2-A, Man Singh Road, New Delhi, as part of its ongoing initiatives to harness Citizen Generated Data. The workshop aims to enhance awareness and understanding of Citizen-Generated Data (CGD) as a valuable tool for addressing data gaps and promoting inclusivity in the national statistical landscape. It provided a platform to discuss the relevance of the Copenhagen Framework on CGD in the Indian context and explore its potential adaptation within the country’s statistical system. The discussions focused on strengthening data ecosystems and supporting evidence-based policymaking.

    The workshop was inaugurated by Dr. Saurabh Garg, Secretary, MoSPI, and was attended by approximately 75 participants, including senior officers from Central Ministries, MoSPI, as well as representatives from UN agencies and civil society organizations (CSOs).

    Dr. Saurabh Garg, Secretary, MoSPI, in his inaugural address, emphasized the importance of Citizen-Generated Data (CGD) as a valuable complement to the official statistics, helping to bridge data gaps and promote inclusivity. He highlighted MoSPI’s key role in India’s statistical system and the need for exploring the possibility of integrating CGD into SDG monitoring and reporting. He also emphasized that India is already engaged in participatory planning processes, social auditing, and CPGRAMS, all of these initiatives are aligned with the Government’s vision of “Sabka Saath, Sabka Vikas, Sabka Vishwas, and Sabka Paryas.” This is in line with the ethos of SDG of “No One is left behind”. Furthermore, these efforts need to be enhanced through a comprehensive framework. He underlined the various challenges involved in unleashing the full potential of citizen contribution to data such as subjectivity, representativeness, privacy and security, scalability, sustainability etc.  

    Delivering the welcome address, Shri N. K. Santoshi, Director General (CS), MoSPI emphasized MoSPI’s efforts to address the extensive data requirements for SDG monitoring and the need for granular insights. He highlighted that MoSPI is exploring non-traditional data sources, such as Citizen-Generated Data (CGD), Geo-spatial information, and other innovative approaches, to complement official statistics and strengthen the tracking of SDG progress across different administrative levels

    Representative from UNRCO provided an overview of global advancements in CGD, introduced the Copenhagen Framework on Citizen Data, and discussed its relevance and adaptation within the Indian statistical system. Mr. Suresh Khadakbhavi, CEO, Digi Yatra Foundation, shared insights on generating Citizen-Generated Data (CGD) through the DigiYatra platform, while Mr. Rajiv Ranjan, DGM (D&TB), State Bank of India, discussed the use of CGD in the Digital Life Certificate for Pensioners Scheme.

    Shri S. C. Malik, ADG, MoSPI, delivered the vote of thanks during the concluding session of the workshop.

    *****
     

    Samrat/Allen: pibmospi[at]gmail[dot]com

    (Release ID: 2104165) Visitor Counter : 23

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI Europe: Written question – Follow-up questions to the question ‘EU Pact on Migration with Tunisia, Mauritania and Morocco – allegations of serious human rights violations’ (P-002453/2024) – P-000621/2025

    Source: European Parliament

    Priority question for written answer  P-000621/2025
    to the Commission
    Rule 144
    Friedrich Pürner (NI)

    In, respectively, the fifth and seventh paragraphs of its answer to question P-002453/2024,[1] the Commission states the following: ‘[…] the contractual clauses entitle the Commission to suspend or terminate any contract if it has evidence that, or needs to verify whether, the beneficiary has breached any of its obligations.’ and ‘Work is ongoing in Tunisia to strengthen existing monitoring mechanisms and tools.’.

    • 1.What specific criteria must be met as regards type and volume of evidence, breaches of obligations and verifications, with level of priority being given in each case, for the above statement to apply?
    • 2.Why are the monitoring mechanisms and tools referred to being strengthened? What specific mechanisms, tools and actors are involved?

    Submitted: 11.2.2025

    • [1] https://www.europarl.europa.eu/doceo/document/P-10-2024-002453-ASW_EN.html
    Last updated: 17 February 2025

    MIL OSI Europe News –

    February 18, 2025
  • MIL-OSI: Bitget Lists Pi Network (PI) with Rewards Worth 150,000 PI

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 17, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of the trending memecoin Pi Network (PI) on its platform. The listing is now live with trading available under the PI/USDT pair, allowing users to engage with PI through various market activities, including deposits, trading, and a unique airdrop promotion.

    The CandyBomb promotional event offers Bitget users the chance to earn PI through deposits and trading activity. A total of 150,000 PI tokens have been allocated for this campaign, which runs from 16 February, 2025, 04:00 (UTC) to 27 February, 2025, 08:00 (UTC). Participants can join the CandyBomb page, where valid deposit and trading activity will automatically count toward the PI airdrop, divided into net deposits and spot trading pools. The 50,000 PI will be distributed based on net deposits, while new spot traders will have exclusive access to the remaining 100,000 PI, providing a significant incentive for both experienced and new traders alike.

    Pi Network is a smartphone-based mining project launched in 2019, enabling users to earn Pi tokens with the single tap of a button in its mobile app without energy-intensive hardware and a lot of energy. This solution simplifies the mining process and makes crypto accessible to more people. Pi Network’s strong user referral mechanism has led to a large userbase of the ecosystem. Currently, 19 million Pioneers have successfully completed the procedures, while 10 million have migrated to the mainnet.

    This listing positions PI within Bitget’s expanding portfolio of assets available in the Innovation, Web3, and Public Chain Zone, underlining the platform’s commitment to offering users access to the most trending digital assets. As PI gains traction in both centralized and decentralized trading venues, this listing on Bitget will allow a broader audience to participate in its ecosystem. With a vibrant community and large userbase, PI presents an opportunity for users interested in emerging mining and public chain projects in the blockchain space.

    Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON.

    For more information on PI CandyBomb, users can visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA, and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, users can contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, users can refer to the Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6da908c5-8b15-431b-b9c1-801c046b5db0

    The MIL Network –

    February 18, 2025
  • MIL-OSI Africa: African Development Bank: New report highlights Africa’s strengthening economic growth amid global challenges

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, February 17, 2025/APO Group/ —

    • Growth rates above 5 percent expected in close to half of the continent’s countries in 2025; 12 of world’s 20 fastest growing economies will be African

    Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report released by the African Development Bank (www.AfDB.org/en) on Friday.

    The report, unveiled on the sidelines of the 38th Ordinary Session of the African Union Assembly in Addis Ababa, projects real GDP growth to accelerate to 4.1 percent in 2025 and 4.4 percent in 2026. The forecast is attributed to economic reforms, declining inflation, and improved fiscal and debt positions.

    Despite the positive trajectory, the report highlights that Africa’s growth remains below the 7 percent threshold required for substantial poverty reduction. The continent also continues to grapple with geopolitical tensions, structural weaknesses, climate-related disasters, and prolonged conflicts in regions such as the Sahel and the Horn of Africa. It estimated Africa’s average real GDP growth to be 3.2 percent in 2024, slightly higher than the 3.0 percent recorded in 2023.

    The report notes that while inflationary pressures persist, Africa’s average inflation rate is expected to decline from 18.6 percent in 2024 to 12.6 percent in 2025-2026 due to tighter monetary policies. Fiscal deficits have widened slightly from 4.4 percent of GDP in 2023 to 4.6 percent in 2024 but are projected to narrow to 4.1 percent by 2025-2026. Public debt levels have stabilized but remain above pre-pandemic levels, with nine countries in debt distress and eleven at high risk of distress.

    The MEO, published by the Bank biannually in the first and fourth quarters, responds to a critical need for timely economic data amid global uncertainty. It serves policymakers, development partners, global investors, researchers, and other stakeholders.

    The 2025 report identifies 24 African nations, including Djibouti, Niger, Rwanda, Senegal, and South Sudan, as poised to exceed 5 percent GDP growth in 2025. Additionally, Africa remains the world’s second-fastest-growing region after Asia, with 12 of the 20 fastest-growing economies projected to be on the continent.

    Ethiopia’s Finance Minister, Ato Ahmed Shide, praised the report’s depth of analysis. “It underscores the fragility of Africa’s economic growth, which is projected to hover around 4 percent in the near term,” he said, emphasizing the need for proactive policy measures to sustain growth and stability. 

    He said Ethiopia has taken bold steps to restore macroeconomic stability, build resilience, and accelerate growth, with the government prioritizing economic liberalization, private sector empowerment, and fiscal discipline.

    Strengthening Africa’s Resilience

    In her remarks at the report’s launch, Nnenna Nwabufo, Vice President for Regional Development, Integration, and Business Delivery at the African Development Bank, highlighted the continent’s potential for driving global economic expansion but said achieving this requires decisive and well-coordinated policies.

    “As Africa navigates an increasingly complex economic landscape, policymakers must adopt a forward-looking approach to reinforce resilience and drive sustainable growth. Africa’s economic resilience and growth prospects remain strong, but challenges persist,” said Nwabufo, who represented the Bank Group’s President, Dr. Akinwumi Adesina.

    Presenting the report, Prof. Kevin Urama, the Bank Group’s Chief Economist and Vice President for Economic Governance & Knowledge Management, underscored the need for stronger coordination between monetary and fiscal policies to manage inflation while fostering economic expansion.

    He urged countries to strengthen foreign reserves to shield economies from external shocks and currency depreciations, alongside pre-emptive debt restructuring to prevent defaults and enhance financial stability.  

    Medium- to long-term strategies should include increasing investments in integrated infrastructure to drive economic transformation and diversification. Governments must work to enhance the business environment through regulatory reforms and long-term strategies to attract private investment, Urama said.

    The 2025 MEO report outlines key policy recommendations, including implementing pre-emptive debt restructuring to enhance financial stability, investing in integrated infrastructure to support economic diversification and improving the business environment through regulatory reforms and investment strategies.

    Path Forward

    Panel discussions following the report’s launch underscored the importance of fully implementing continental development initiatives such as the African Continental Free Trade Area agreement. Discussions also focused on accelerating new initiatives like the proposed Africa Credit Rating Agency and the African Financial Stability Mechanism.

    The panel, moderated by Dr Victor Oladokun, Senior Advisor (Communications and Stakeholder Engagement) to the Bank Group President, included contributions from the African Risk Capacity Group, represented by its chair, Dr. Mothae Maruping. Gambian Finance Minister Seedy Keita highlighted the African Development Bank’s support in implementing the country’s fiscal reforms and domestic revenue mobilization.

    African Union Trade Commissioner Albert Muchanga called on the private sector to do more to support the African Continental Free Trade Area, including through increased investments in logistics and manufacturing. “What I would expect [African businesses] to do is come up with logistics centers and warehouses across Africa; I would also expect the African private sector to start planning to develop an African shipping line… We are sitting on potential; the business sector has not responded,” Muchanga said.

    Click here (https://apo-opa.co/3CYp6fd) for the 2025 MEO report.

    MIL OSI Africa –

    February 18, 2025
  • MIL-OSI United Nations: Time for Reparatory Justice, Permanent Security Council Seats for Africa, Secretary-General Tells Continental Summit

    Source: United Nations General Assembly and Security Council

    Following are UN Secretary-General António Guterres’ remarks at the African Union Summit, held today in Addis Ababa:

    President Mohamed Ould Ghazouani — thank you for your leadership in the outstanding exercise of your mandate.  Presidente João Lourenço — parabéns e aguardo com expetativa a oportunidade de trabalhar consigo como novo Presidente da União Africana.

    I also want to give a very special expression of gratitude to the Chairperson of the African Union Commission, Moussa Faki, for his eight years of strong and permanent commitment to multilateralism and impeccable cooperation with the United Nations.  Dear Moussa, working with you is a privilege, a pleasure and an honour.

    The partnership between the African Union and the United Nations has never been stronger.  Together, we see an Africa brimming with hope and possibility.  You have a booming, enterprising population, including the largest number of young people in the world.  The African Continental Free Trade Area is poised to turbocharge the region’s economy.

    And calls to address the legacies of colonialism and slavery are growing louder, as reflected in your theme this year — and as reflected in the leadership of so many passionate voices for the liberation of Africa such as the great Dr. Sam Nujoma of Namibia whose life we celebrate and whose loss we mourn.

    The world must never forget that Africa is the victim of two colossal and compounded injustices.  First, the profound impact of colonialism and the trans-Atlantic slave trade.  The roots stretch back centuries and the bitter fruit continues to affect Africans and people of African descent to this day.

    Decolonization, alone in itself, was not a panacea.  Political independence did not free countries from structures based on exploitation and decades of economic, social and institutional underinvestment.  It is high time for reparatory justice frameworks to be put in place.

    Second, Africa was under colonial domination when today’s multilateral system was created — and that injustice endures.  Look no further than the United Nations Security Council. There is no excuse that Africa still lacks permanent representation in the twenty-first century.

    I will keep working with the African Union and all Member States to ensure the representation Africa needs and the justice you deserve — including with two permanent members of the Security Council. And we will keep pressing together for an international financial architecture that is no longer outdated, dysfunctional and unfair.

    Correcting age-old injustices is essential to address here-and-now challenges.  And the good news is that we have many of the solutions we need.  Last year, you helped drive that effort at the United Nations, with the Pact for the Future.  I thank Africa for its support that was vital to approve the Pact.  Our task now is to make those commitments a reality.  South Africa’s Group of 20 (G20) Chairmanship could not come at a better time.

    Let me point to four areas for action.

    First, we must push for peace, security and alleviating appalling levels of human suffering.  Sudan is being torn apart before our eyes — and is now home to the world’s largest displacement crisis and famine.

    As we near the holy month of Ramadan, it is time for an immediate cessation of hostilities.  The international community must come together to stop the flow of weapons and the bankrolling of bloodshed.

    In the Democratic Republic of the Congo, the Congolese people have been suffering — yet again — from a brutal cycle of violence.  And the fighting that is raging in South Kivu — as a result of the continuation of the M23 [23 March Movement] offensive — threatens to push the entire region over the precipice.

    Regional escalation must be avoided at all costs. There is no military solution.  The deadlock must end — the dialogue must begin. And the sovereignty and territorial integrity of the DRC must be respected.

    The conclusions of the recent joint EAC-SADC [East African Community-Southern African Development Community] Summit offer a way forward — with a renewed call for an immediate ceasefire and new momentum for regional efforts based on the Luanda and Nairobi processes.

    Now is the time for swift implementation.  And you can count on the continued support of the United Nations, including the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo (MONUSCO).

    In the Sahel, the clear and present threat of terrorism is undermining peace, security and sustainable development.  And in Somalia, we are urging predictable funding for the African Union Support and Stabilization Mission, and I hope that our voice will be heard by the Security Council.

    And as we gather here in Africa, I know all our minds are also very much on Gaza.  A resumption of hostilities must be avoided at all costs.  The Palestinian people have suffered too much.  I welcome efforts by the parties to abide by the ceasefire agreement — and urge action for a permanent ceasefire and release of all hostages.

    Peace is possible in the Middle East — and that starts with tangible, irreversible and permanent progress toward the two-State solution — Israel and Palestine — living side-by-side in peace and security.

    On all fronts, we stand shoulder-to-shoulder with the African Union to advance security, stability, human rights and the rule of law.

    Second, we must keep working together to deliver the AU 2063 Agenda and the 2030 Agenda for Sustainable Development — and drive action on finance.  African countries pay up to eight times more to borrow than developed countries.  Twenty are in or at risk of debt distress.

    The Pact for the Future supports international a financial architecture reform to reflect today’s economy, ensuring fair representation, and urging effective action on debt relief.  And I will stand with Africa as a matter of justice and to right the historic wrongs.

    Third, the climate crisis.  Climate disasters are tearing across Africa:  Destroying lives, upending livelihoods, devastating economies, and inflaming conflict.  At the same time, the renewables revolution is unstoppable — and Africa is poised to become a global clean energy powerhouse.

    Yet today Africa receives just 2 per cent of global renewables investment.  Realizing Africa’s potential requires access to affordable finance — including by implementing the twenty-ninth Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) finance decision fully and on time  and supporting development of a road map to realize $1.3 trillion a year.

    Africa has contributed little to the climate crisis, yet is paying the price with record droughts, floods and heat.  Climate justice requires a massive investment in adaptation, with the international community bearing an enormous responsibility.

    Developed countries must double adaptation finance.  And countries must significantly boost the Loss and Damage Fund.  Allow me a note, when the Loss and Damage Fund was created, the pledging conference that took place has allowed for an amount that is equivalent to the highest contract for a [baseball] player in the United States.  It is absolutely necessary to make the Loss and Damage Fund an effective instrument to support developing countries in adaptation.

    And we also need justice when it comes to your abundant critical minerals.  Too often, your countries are plundered — bound to the bottom of value chains — as others grow rich on your resources.

    The work of the United Nations Panel on Critical Energy Transition Minerals is designed to help embed justice, sustainability and human rights across the value chain.  Africa’s minerals must benefit Africa’s people.

    Finally, we need action on new technologies, including artificial intelligence (AI).  Almost two thirds of all Africans have no reliable internet access.  We have a historic responsibility to ensure AI benefits humanity, not just a privileged few, States and businesses.

    The Global Digital Compact shares the ambitions of the African Digital Compact — universal connectivity, capacity- building, and responsible AI governance.  I will soon present a report on innovative voluntary financing models and capacity-building initiatives to help the global South harness AI for the greater good.  Together, let’s ensure these commitments are honoured.

    The United Nations and the African Union stand united in our determination to deliver justice for your continent, leaving no one behind.  We have much to build upon.  So, together, let’s make commitments reality.  And say with one voice:  Viva Africa!

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI United Nations: Remarks by UNFPA Executive Director Dr. Natalia Kanem to the Committee on the Elimination of Discrimination against Women (CEDAW)

    Source: United Nations Population Fund

    Ms. Nahla Haider, Chair of the Committee on the Elimination of Discrimination against Women, 

    Distinguished Members of the Committee, 

    Delegates, experts, friends,

    Greetings of peace! 

    We enter CEDAW deliberations on General Recommendation 41 on Gender Stereotypes at a moment of grave import for the human rights of women and girls and, indeed, their very bodily autonomy. 

    There is powerful pushback against the rights of women, in all their diversities, and particularly their reproductive rights. Across the globe, we discern fierce opposition that threatens decades of progress. 

    And what progress! 

    • Maternal mortality down by one third since the year 2000. 
    • Adolescent births have also dropped by a third over the same period.
    • More than 160 countries have passed laws to address domestic violence. 

    Yet within the halls of the United Nations, previously agreed longstanding language on gender equality, diversity and sexual and reproductive health and reproductive rights comes under attack with increasing frequency. In this game of diplomatic chess, women and girls are the disposable pawns.

    That’s not hyperbole. Gender stereotypes are not merely societal nuisances; they are deep-rooted causes of discrimination that affect women and girls in profound ways.

    The effects show in stories we at UNFPA constantly hear from girls our programmes support, like Amina. 

    Amina was a bright girl who excelled in her studies. She dreamed of becoming a doctor. Yet when she was 13, her parents told her she was to be married. In her village, girls were expected to marry young and raise children. 

    It’s a familiar story – one that plays out day after day, year in, year out, in communities around the world. Not all will have happy endings. Indeed, failure to act upon harmful gender stereotypes can mean a death sentence for a girl coerced into marriage or forced to bear children before her mind and her body are ready.

    Fortunately, Amina’s story took a good turn when UNFPA helped her find her voice, stand up for her rights and return to school. Now, she is inspiring other girls in her village to imagine a different future and pursue their dreams.

    In this context, thank goodness for the Convention on the Elimination of Discrimination against Women. CEDAW is a fundamental safeguard in our shared commitment to advancing gender equality. 

    Gender stereotypes remain an impediment to human progress. Stereotyping constrains women’s and girls’ access to sexual and reproductive health and rights by controlling their bodies, denying them autonomy in healthcare decisions, and perpetuating stigma and shame around their sexuality.

    Harmful stereotypes pose significant risks to economic, social and political stability. 

    They limit the participation of women in the workforce, contribute to the gender wage gap, restrict leadership opportunities and decrease productivity.  

    Women still earn just 77 cents for every $1 dollar paid to men, not to mention their unpaid labor in the home. Is it any wonder that poverty so often wears a woman’s face?

    Stereotypes increase all forms of gender-based violence. Now, with the rise of unregulated technology, they are being amplified and weaponized. Biased algorithms and toxic online interactions add yet another layer of disadvantage, discrimination and often violence, severely limiting the opportunities, potential and participation of women and girls. This must change.

    The ripple effects of these pernicious stereotypes touch every aspect of our lives and our societies.

    They drive political polarization, fracture communities and undermine the very foundations of democracy. By reinforcing harmful divisions, fueling bitter conflicts and exacerbating inequality, stereotypes contribute to a more fractured and unstable world, where progress and peace become ever more elusive.

    Gender equality is a fundamental human right. Yet gender discrimination persists, and factors such as age, race, class, disability and sexual orientation intersect to compound challenges for women and girls. 

    What more must be done to end the stereotyping of women of African descent and other ethnic minorities, which remains so pervasive in popular culture?

    This flattening of identities and experiences can have deadly consequences. A Black woman is told by her doctor that he is uncomfortable treating her with adequate pain medicine. Even though the woman is herself a doctor, and familiar with all the protocols, she is denied life-saving care.

    What happens when systems fail to truly ‘see’ a woman with disabilities in all her complexity? When we fail to see that she, too, has needs and desires?

    I am reminded of Mary, a young woman in Uganda with a physical disability. She has dreams for her life but tells us that she always feels invisible. Healthcare providers often overlook her sexual and reproductive health needs, assuming that she’s not sexually active.

    A local organization, supported by UNFPA, provided Mary with accessible information about her body, reproductive health and healthy relationships. We also trained healthcare workers to provide the inclusive, non-judgmental care all women, regardless of their abilities, deserve.

    Empowered with knowledge and confident in her rights, Mary has become an advocate for other women with disabilities, challenging the stigma and stereotypes that so often limit their right to make informed choices about their bodies and lives.

    The gender stereotypes that CEDAW aims to dislodge are deeply woven into the fabric of our societies, perpetuated by everyone from governments and the media to schools and healthcare systems.

    And let us remember, stereotypes don’t just harm women and girls. They affect everyone. That’s why I expect men to step up. 

    Men need to be willing to step away from roles that privilege their power and choices over women’s. Gender stereotypes affect them, too – how they express or suppress their emotions, the interests and jobs they pursue, their financial responsibilities and their recourse to violence and aggression. This in turn shapes laws, policies and many aspects of life, ranging from healthcare to employment.

    At UNFPA, we are tackling harmful gender stereotypes head on.

    We fight for laws that protect women and girls. We work with communities to shift harmful social and gender norms, and we support comprehensive sexuality education to help young people develop healthy attitudes and behaviours and to empower girls to become leaders. Education is transformative.

    Technology, too, can transform lives. Together with partners, UNFPA is working to create a digital world that is safe and accessible to all. We are taking the lead in demanding that big tech respect women and girls and make the digital space gender bias–free.

    We also work with boys and men, so that they become allies in the fight for gender equality and are not themselves trapped by harmful gender norms.

    Fathers’ Schools in Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine, funded by the European Union and implemented by UNFPA and UN Women, are encouraging men to embrace their roles as engaged fathers while also creating pathways for women to thrive in the workforce.

    By shining a light on gender stereotypes as a grave human rights issue, setting clear international standards and holding States accountable, CEDAW, through this General Recommendation, can help drive societal change.

    Drawing on this General Recommendation, and in response to national demands, UNFPA will continue to support legislation, policies, and programmes that aim to eliminate discriminatory practices and social norms.

    Quoting Dr. bell hooks:

    “Stereotypes abound when there is distance. They are an invention, a pretense that one knows when the steps that would make real knowing possible cannot be taken or are not allowed.”

    Quoting Audre Lorde:

    “For the master’s tools will never dismantle the master’s house.”

    People of CEDAW,

    Continue to formulate processes that give a woman her own money – that’s power, beyond empowerment. Wallet autonomy.

    Continue to deliver self-agency, self-determination and bodily autonomy. That’s part of human dignity.

    Fashion changes to match the female face of healthcare and caregiving, and also adapt to the female face of logistics, of shipping and other industries that are newly big employers of women.

    From menarche through menopause and across a woman’s life course, hopefully, to healthy longevity – break stereotypes and allow people to speak to what matters.

    Distinguished Delegates,

    In this uncertain moment, don’t fail to stand with women – all women – unapologetically, without reservation.

    The nature of your noble mandate calls you to be selfless, but allow me to add that you also need to look after your own self, with kindness.

    Sisters, I encourage you to renew your personal commitment to Article 24 of the Universal Declaration of Human Rights: Women absolutely have the right to rest and leisure. 

    In closing, I urge each of you, whatever your role—whether in government, civil society, academia, United Nations agencies or other stakeholders—to engage actively in the development of this General Recommendation.

    This is not the time to roll back the clock on women’s rights and choices. Yes, compromise will be necessary. Yet set the essential boundaries. Hold fast to long-standing international norms. Stand up for women and stay inspired. 

    The pendulum swings. So, again, seek what inspires you. Because the march continues. And your work saves and transforms lives.

    Let us keep moving forward – together.

    Thank you.

    MIL OSI United Nations News –

    February 18, 2025
  • MIL-OSI Global: YouTube at 20: how it transformed viewing in eight steps

    Source: The Conversation – UK – By Alex Connock, Senior Fellow, Said Business School, University of Oxford

    Chay Tee

    The world’s biggest video sharing platform, YouTube, has just turned 20.

    It was started inauspiciously in February 2005 by former PayPal employees Chad Hurley, Steve Chen and Jawed Karim – with a 19-second video of Karim exploring San Diego Zoo.

    That year, YouTube’s disruption of the media timeline was minimal enough for there to be no mention of it in The Guardian’s coverage of TV’s Digital Revolution at the Edinburgh TV Festival.

    Twenty years on, it’s a different story.

    YouTube is a massive competitor to TV, an engagement beast, uploading as much new video every five minutes as the 2,400 hours BBC Studios produces in a whole year. The 26-year-old YouTube star Mr Beast earned US$85 million (£67 million) in 2024 from videos – ranging from live Call of Duty play-alongs to handing out 1,000 free cataract operations.

    As a business, YouTube is now worth some US$455 billion (2024 Bloomberg estimate). That is a spectacular 275 times return on the US$1.65 billion Google paid for it in 2006. For the current YouTube value, Google could today buy British broadcaster ITV about 127 times.

    YouTube has similar gross revenue (US$36.1 billion in 2024) to the streaming giant Netflix – but without the financial inconvenience of making shows, since most of the content is uploaded for free.

    YouTube’s first video: a 19-second look at the elephants of San Diego Zoo.

    YouTube has 2.7 billion monthly active users, or 40% of the entire global population outside China, where it is blocked. It is also now one of the biggest music streaming sites, and the second biggest social network (to Facebook), plus a paid broadcast channel for 100 million subscribers.

    YouTube has built a video Library of Babel, its expansive shelves lined eclectically with Baby Shark Dance, how to fix septic tanks, who would win a shooting war between Britain and France … and quantum physics.

    The site has taken over global children’s programming to the point where Wired magazine pointed out that the future of this genre actually “isn’t television”. But there are flaws, too: it has been described as a conduit for disinformation by fact checkers.

    So how did all that happen? Eight key innovations have helped YouTube achieve its success.

    1. How new creativity is paid for

    Traditional broadcast and print uses either the risk-on, fixed cost of hiring an office full of staff producers and writers, or the variable but risky approach of one-off commissioning from freelancers. Either way, the channel goes out of pocket, and if the content fails to score with viewers, it loses money.

    YouTube did away with all that, flipping the risk profile entirely to the creator, and not paying upfront at all. It doesn’t have to deal with the key talent going out clubbing all night and being late to the set, not to mention other boring aspects of production like insurance, cash flow or contracts.

    2. The revenue model of media

    YouTube innovated by dividing any earnings with the creator, via an advertising income split of roughly 50% (the exact amount varies in practice). This incentivises creators to study the science of engagement, since it makes them more money. Mr Beast has a team employed just to optimise the thumbnails for his videos.

    3. Advertising

    Alongside parent company Google/Alphabet, and especially with the introduction (March 2007) of YouTube Analytics and other technologies, the site adrenalised programmatic video advertising, where ad space around a particular viewer is digitally auctioned off to the highest buyer, in real time.

    That means when you land on a high-rating Beyoncé video and see a pre-roll ad for Grammarly, the advertiser algorithmically liked the look of your profile, so bid money to show you the ad. When that system works, it is ultra efficient, the key reason why the broad, demographics-based broadcast TV advertising market is so challenged.

    4. Who makes content

    About 50 million people now think they are professional creators, many of them on YouTube. Influencers have used the site to build businesses without mediation from (usually white and male) executives in legacy media.

    This has driven, at its best, a major move towards the democratisation and globalisation of content production. Brazil and Kenya both have huge, eponymous YouTube creator economies, giving global distribution to diverse voices that realistically would been disintermediated in the 20th century media ecology.

    5. The way we tell stories

    Traditional TV ads and films start slow and build to a climax. Not so YouTube videos – and even more, YouTube Shorts – which prioritise a big emotive hit in the first few seconds for engagement, and regular further hits to keep people there. Mr Beast’s leaked internal notes describe how to do sequential escalation, meaning moving to more elaborate or extreme details as a video goes on: “An example of a one thru three minute tactic we would use is crazy progression,” he says, reflecting his deep homework. “I spent basically five years of my life studying virality on YouTube.”

    6. Copyright

    Back in 2015, if someone stole your intellectual property – say, old episodes of Mr Bean – and re-broadcast it on their own channel, you would call a media lawyer and sue. Now there is a better option – Content ID – to take the money instead. Through digital rights monetisation (DRM), owners can algorithmically discover their own content and claim the ad revenue, a material new income stream for producers.

    7. Video technicalities

    Most technical innovations in video production have found their way to the mainstream via YouTube, such as 360-degree, 4k, VR (virtual reality) and other tech acronyms. And now YouTube has started to integrate generative AI into its programme-producing suite for creators, with tight integration of Google’s Veo tools.

    These will offer, according to CEO Neal Mohan, “billions of people around the world access to AI”. This is another competitive threat to traditional producers, because bedroom creators can now make their own visual effects-heavy fan-fiction episodes of Star Wars.

    8. News

    YouTube became a rabbit hole of disinformation, misinformation and conspiracy, via a reinforcement-learning algorithm that prioritises view time but not editorial accuracy. Covid conspiracy fans got to see “5G health risk” or “chemtrail” videos, because the algorithm knew they might like them too.

    How can the big, legacy media brands respond? Simple. By meeting the audience where the viewers are, and putting their content on YouTube. The BBC has 14.7 million YouTube subscribers. ITV is exploiting its catalogue to put old episodes of Thunderbirds on there. Meanwhile in February 2025, Channel 4 also announced success in reaching young viewers via YouTube. Full episode views were “up 169% year-on-year, surpassing 110 million organic views in the UK”.

    Alex Connock has worked or consulted for BBC, Channel 4, ITV and Meta.

    – ref. YouTube at 20: how it transformed viewing in eight steps – https://theconversation.com/youtube-at-20-how-it-transformed-viewing-in-eight-steps-250083

    MIL OSI – Global Reports –

    February 18, 2025
  • MIL-OSI United Kingdom: The UK condemns attacks on displaced civilians in Sudan: UK statement at the UN Security Council

    Source: United Kingdom – Executive Government & Departments

    Explanation of vote by Ambassador Barbara Woodward, UK Permanent Representative to the UN, following the vote on the UN Security Council resolution renewing the mandate of the 1591 Committee Panel of Experts.

    We voted in favour of this resolution renewing the 1591 Panel of Experts and we thank the US for leading the negotiations.

    I’ll make two points. 

    First, I want to highlight the catastrophic situation currently faced by thousands of displaced people at Zamzam Camp in Darfur. 

    We’ve seen reports that the Rapid Support Forces have launched a further assault contrary to this council’s demands in Resolution 2736. 

    There are harrowing accounts of shelling and targeting of civilians. 

    It’s reported that at least 40 civilians have been killed and shelters have been razed to the ground. 

    These are people who were already facing devastating levels of humanitarian need, including famine. 

    So we condemn these attacks. 

    We underscore the need for the protection of civilians in line with international law and the commitments made by the warring parties in the 2023 Jeddah Declaration. 

    The situation underscores the continued importance of the Panel’s reporting to support the Council’s work on Sudan. 

    And once again, we call on all Member States to refrain from external interference, which foments conflict and instability, and instead to support mediation efforts for a durable peace. 

    Second, we note that while the UK welcomes the renewal of the Panel’s mandate for a further 12 months, we would have preferred to maintain previous language which, among other things, called for the parties to the conflict to cease violations of international humanitarian law and abuses and violations of international human rights law, and strongly condemned attacks against civilians, including sexual and gender based violence. 

    President, it is vital that this Council remain focused on protecting civilians in Sudan given the violence being committed against so many. 

    The UK will continue to press for a much more urgent and more effective international response to the crisis, including a reinvigorated mediation process.

    Updates to this page

    Published 17 February 2025

    MIL OSI United Kingdom –

    February 18, 2025
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