NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Banking

  • MIL-OSI Economics: Money Market Operations as on July 01, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,81,010.53 5.20 3.95-6.50
         I. Call Money 16,015.92 5.31 4.75-5.40
         II. Triparty Repo 4,61,298.45 5.19 4.50-5.30
         III. Market Repo 2,00,852.61 5.21 3.95-5.50
         IV. Repo in Corporate Bond 2,843.55 5.49 5.40-6.50
    B. Term Segment      
         I. Notice Money** 54.50 5.27 5.15-5.32
         II. Term Money@@ 1,110.50 – 5.60-6.00
         III. Triparty Repo 5,503.90 5.22 5.15-5.40
         IV. Market Repo 247.46 5.40 5.40-5.40
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Tue, 01/07/2025 1 Wed, 02/07/2025 1,233.00 5.75
    4. SDFΔ# Tue, 01/07/2025 1 Wed, 02/07/2025 2,55,381.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,54,148.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Fri, 27/06/2025 7 Fri, 04/07/2025 84,975.00 5.49
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,247.29  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -77,727.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,31,875.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on July 01, 2025 10,06,563.07  
         (ii) Average daily cash reserve requirement for the fortnight ending July 11, 2025 9,52,318.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 01, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 13, 2025 5,62,116.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/640

    MIL OSI Economics –

    July 2, 2025
  • MIL-OSI China: Eurozone inflation rate reaches 2% in June

    Source: People’s Republic of China – State Council News

    Photo taken on July 7, 2022 shows the headquarter of the European Central Bank in Frankfurt, Germany. [Photo/Xinhua]

    The annual inflation rate in the Eurozone is expected to reach 2 percent for June, up from 1.9 percent in May, according to a flash estimate published Tuesday by Eurostat.

    The inflation is driven by the price of services, which recorded a yearly inflation rate of 3.3 percent in June, up from 3.2 percent the previous month.

    The prices of food, alcohol, and tobacco registered a 3.1 percent year-on-year inflation rate in June, down from 3.2 percent in May.

    Inflation for non-energy industrial goods declined from 0.6 percent in May to 0.5 percent in June. A negative inflation rate of -2.7 percent was recorded for energy prices, an increase from -3.6 percent in May.

    Core inflation, which excludes energy, food, tobacco and alcohol prices, was unchanged at 2.3 percent in June.

    Among the main economies of the Eurozone, Germany recorded an inflation rate of 2 percent, down from 2.1 percent in May. France recorded an inflation rate of 0.8 percent, up from 0.6 percent in May, and Spain’s inflation rate stands at 2.2 percent, up from 2 percent in May.

    The highest inflation rate was recorded in Estonia at 5.2 percent, up from 4.6 percent the previous month, while Cyprus registered the lowest inflation rate for June at 0.5 percent, up from 0.4 percent in May.

    “Inflationary pressures have clearly weakened as wage growth is coming down and economic performance remains sluggish, keeping the door open to another rate cut in autumn,” said Bert Colijn, Chief Economist for the Netherlands at ING.

    According to Colijn, risks such as oil price spikes and the outcome of tariff negotiations between the EU and the U.S. remain.

    The European Central Bank (ECB) last month announced an eighth rate cut, bringing the policy interest rate to the lowest level since December 2022. According to the ECB statement, most measures of underlying inflation suggest that inflation will settle at around the 2 percent medium-term target on a sustained basis. However, the ECB has not yet dropped its guard, insisting that it is determined to ensure inflation stabilizes sustainably at its medium-term target.

    Market expectations for interest rate cuts were unchanged after the June inflation figures were published. 

    MIL OSI China News –

    July 2, 2025
  • MIL-OSI China: Policy effort to bolster growth bears fruit

    Source: People’s Republic of China – State Council News

    A worker works at an assembly line of Voyah, a Chinese NEV brand, in Wuhan, central China’s Hubei Province, April 9, 2025. [Photo/Xinhua]

    Stepping up policy support for the manufacturing sector will be necessary for China in the second half of the year in order to stabilize employment and ensure a steady growth trajectory amid lingering uncertainties, economists and analysts said.

    Their remarks came as the latest data showed that earlier policy efforts to bolster economic growth have continued to bear fruit, with key indicators of China’s manufacturing sector improving in June as production and market orders picked up.

    However, they warned that the sector still faces mounting headwinds — including falling sales prices, rising receivables and intensified market competition amid faltering external demand — and these are weighing on employment and reinforcing the need for stronger policy buffers.

    “Supply and demand in the manufacturing sector both improved in June,” said Bai Wenxi, vice-chairman of the China Enterprise Capital Union.

    “Companies, however, remained cautious in arranging production plans amid lingering uncertainties of domestic and external demand,” Bai said, adding that intensified market competition is continuing to squeeze profit margins for manufacturers as the drop in sales prices has been steeper than that for raw material prices.

    The Caixin China General Manufacturing Purchasing Managers’ Index, a privately surveyed barometer of the sector’s health, rose to 50.4 in June from 48.3 in May, showing that the manufacturing sector resumed expansion after a contraction in May, as earlier policy measures aiming to stabilize the economy continued to take effect.

    Despite the improvement, media group Caixin said in a report on Tuesday that in June, manufacturers faced declining output prices at the fastest pace in five months as they had to cut prices to boost sales, while staying generally cautious with hiring due to cost control considerations and reduced optimism regarding output in the next 12 months.

    The official manufacturing PMI survey, released by the National Bureau of Statistics on Monday, provided a similar picture. Although increased production and market orders sent the PMI reading higher at 49.7 in June from 49.5 in May, sales prices and employment in the sector continued to drop, with the activity of small manufacturers contracting more sharply.

    Charlie Zheng, chief economist at Samoyed Cloud Technology Group Holdings, emphasized the need for additional fiscal and monetary support to sustain the sector’s recovery, including advancing tax cuts for smaller manufacturers and reducing interest rates and the reserve requirement ratio — the amount of cash that banks must keep as reserves — to ease financing costs for businesses.

    Zheng said that such efforts are of great significance, as the impact of international trade policy uncertainties on Chinese exporters may further manifest in the second half of the year, while some manufacturers could face funding difficulties as they pursue industrial upgrading and transformation.

    Bai said that targeted support for industrial upgrading should be considered, including scaling up the issuance of local government special bonds and central bank lending aimed at supporting technological and equipment upgrades and attracting more investors to the newly launched tech-focused board in the bond market.

    The People’s Bank of China, the country’s central bank, vowed on Friday to amplify the intensity of monetary policy adjustments and step up support for technological innovation and equipment upgrades, after launching a series of measures earlier in the week to boost consumption.

    Anna An, president of Henkel China, said the German industrial and consumer goods group recognizes China’s strong commitment to developing high-end manufacturing and related services and has greatly benefited from its rapid growth in key sectors, such as automotive, consumer goods and electronics.

    The National Bureau of Statistics said the PMIs for equipment manufacturing and high-tech manufacturing came in, respectively, at 51.4 and 50.9 in June, staying in expansionary territory for two consecutive months.

    MIL OSI China News –

    July 2, 2025
  • MIL-OSI Russia: IMF Staff Completes Governance Diagnostic Mission to Kenya

    Source: IMF – News in Russian

    July 1, 2025

    Washington, DC: At the request of the Kenyan authorities, an IMF Technical Assistance mission led by Rebecca A. Sparkman visited Kenya from June 16-30, 2025, to conduct a Governance Diagnostic. This mission followed the scoping mission held on March 3-5, 2025.

    The Governance Diagnostic aims to identify macro-economically critical governance weaknesses and corruption vulnerabilities, and design an action plan with specific, sequenced recommendations and reform priorities.

    Reflecting the breadth of the Governance Diagnostic exercise, the visiting team comprised staff from a number of IMF departments, including the Fiscal Affairs; Legal; Finance; Monetary and Capital Markets; and Strategy, Policy and Review Departments, as well as World Bank staff. They engaged with the government and non-governmental stakeholders to examine governance weaknesses and corruption vulnerabilities across core state functions as provided by the IMF’s 2018 framework for Enhanced Engagement on Governance.

    To this end, the mission team met with Kenyan authorities, including those responsible for public financial management (including procurement), expenditure policy, tax policy, revenue administration, the mining sector, market regulation, rule of law, Central Bank governance and operations, financial sector oversight, and Anti-Money Laundering/Combatting the Financing of Terrorism. Throughout the mission, the team engaged with Kenya’s anti-corruption and oversight institutions to discuss the effectiveness of legal and institutional frameworks in reducing macro-economically critical corruption vulnerabilities. The mission also met members of Kenya’s National Assembly.

    Additionally, the mission met with representatives from civil society, the private sector, business associations, and international development partners to gather perspectives on governance challenges and anti-corruption efforts.

    The IMF team would like to thank the Kenyan authorities and other stakeholders for their hospitality, excellent cooperation, and candid and constructive discussions.

    Collaboration on the Governance Diagnostic will continue over the next several months. A draft report, which will set out the findings and propose a sequenced, prioritized reform plan, is expected to be shared with the authorities for review and additional input before end of 2025.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/07/02/pr25233-kenya-imf-staff-completes-governance-diagnostic-mission-to-kenya

    MIL OSI

    MIL OSI Russia News –

    July 2, 2025
  • MIL-OSI Russia: Financial News: New Regulation Promotes Transparency in CPC Market

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The number of CPCs in the first quarter decreased by 6%, to 1247 cooperatives. 86 CPCs were excluded from the register, 45 of them for repeated violations of the law.

    Significantly reduced cases of fictitious build-upnumber of shareholders to obtain the right to work with maternity capital. The number of credit cooperatives operating in this segment, stabilized.

    Activity in the CPC market continued to decline in Q1. The volume of loans issued has been declining over the past three quarters and approached 2020 levels, amounting to 13 billion rubles. The loan portfolio decreased following the reduction in issuances — to 45.6 billion rubles. Market concentration is increasing — the top 50 companies form 73% of the total loan portfolio.

    Read more in the publication “Trends in the consumer credit cooperative market” for the first quarter of 2025.

    Preview photo: Anna_Kim / Shutterstock / Fotodom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV.KBR.ru/Press/Event/? ID = 24745

    MIL OSI Russia News –

    July 2, 2025
  • MIL-OSI: FINDMINING launches a new free cloud mining platform to help investors seize new opportunities in the Bitcoin and Litecoin bull market

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 01, 2025 (GLOBE NEWSWIRE) — As Bitcoin (BTC) breaks through its all-time high in the first half of 2025, the global cryptocurrency market has ushered in a new wave of growth. Riding on the continuous inflow of spot ETF funds and the hot topic of green mining, FINDMINING (https://findmining.com) officially launched its revolutionary free cloud mining platform, dedicated to helping global investors maximize the passive income of mainstream cryptocurrencies such as Bitcoin (BTC) and Litecoin (LTC).

    FINDMINING: Making cloud mining simpler, safer and more efficient

    As a new generation of cloud mining platform, FINDMINING focuses on breaking the threshold and technical barriers of traditional mining. Users do not need to purchase expensive mining machines or worry about high electricity bills. They only need to register online to remotely rent the computing power of the world’s leading data centers and easily mine BTC, DOGE, XRP and other mainstream currencies. FINDMINING manages the operation and maintenance of equipment throughout the process, and provides users with a stable return with a highly transparent profit structure.

    Core advantages and features

    • Industry-leading computing power and green mining:FINDMINING’s mine site selection strictly adheres to renewable energy standards and uses advanced chips and intelligent heat dissipation technology to significantly reduce energy consumption, responding to the global call for sustainable mining.
    • Bank-level security:The platform integrates SSL encryption, two-factor authentication and 24/7 monitoring system, and the security of funds is jointly protected by McAfee® and Cloudflare®.
    • Flexible and diverse computing power contracts:Users can freely choose diversified mining plans from short-term to long-term according to their personal risk preferences and capital scale.
    • Generous new user rewards:Sign up and you will receive a $15 mining machine computing power reward, you can earn an average of $0.6 per day for free, and there is also a referral reward program of up to $50,000.

    In line with current hot spots: low threshold to participate in bull market dividends

    The Bitcoin market in 2025 is showing an unprecedented growth momentum against the backdrop of massive capital injections from ETFs and the relaxation of mining policies in many U.S. states. FINDMINING was born to follow this trend, and has specially designed entry-level computing power contracts starting from $100 to professional contracts worth hundreds of thousands of dollars to meet the needs of retail investors and institutions at all levels. For example:

    • LTC, DOGE basic computing power:Invest $100, earn $8 in 2 days + $100 principal returned
    • DOGE stable computing power:Invest $500, earn $32.5 in 5 days + $500 principal returned
    • BTC high-quality computing power:Invest $12,000, earn $5,816.4 in 37 days + $12,000 principal returned
    • ETH Advanced Hashrate:Invest $17,500, 40 days profit $9,240.4 + $17,500 principal returned

    All earnings are settled daily and are transparent and traceable, allowing users to truly enjoy continuous passive income and easily seize bull market opportunities.

    How to join FINDMINING

    1. register:Visit the official website https://findmining.com And register an account for free.
    2. Select a computing plan:Choose the most suitable computing power contract based on your personal funds and profit goals.
    3. Start mining:The entire process is operated and maintained by the FINDMINING professional team, and users can enjoy daily returns.
    4. Receive daily payout:The income is credited to your account daily and you can withdraw or reinvest at any time to expand your profits.

    About FINDMINING

    With the mission of “everyone can enjoy mining dividends“, FINDMINING cooperates with the world’s top mining farms through technological innovation to provide global users with safe, flexible and transparent cloud mining services. Whether you are a crypto novice or a professional investor, you can easily seize new opportunities for digital asset wealth at FINDMINING.

    For more information, visit: https://findmining.com
    Official Email: info@findmining.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    Attachment

    • FINDMINING

    The MIL Network –

    July 2, 2025
  • MIL-Evening Report: We all have kangaroos hopping around our coin purse – and they’ve been on money since 1795

    Source: The Conversation (Au and NZ) – By Adrian Dyer, Associate Professor, Department of Physiology, Monash University

    The one tonne gold kangaroo coin at the Perth Mint. Shutterstock

    On the Australian one dollar coin, you will often find the famous representation of a mob of five kangaroos. But when did the kangaroo first appear on money?

    My new research, published in the Australian Coin Review, tracks through history the iconic representation of kangaroos on numismatic items: coins, tokens, paper notes and other objects that can act as money to enable the effective trade of goods.

    It turns out that the first representation of a kangaroo on money was not in Australia, but actually in England in 1795.

    ‘The kanguroo’

    In 1795, Thomas Hall of City Road near Finsbury Square in London – a well known taxidermist and exhibitor of exotic animals – issued half penny tokens depicting three exotic animals: a kangaroo (spelt “The Kanguroo”), an armadillo, and a rhinoceros.

    A tradeable token issued in London 1795 shows the first representation of a kangaroo (spelt ‘The Kanguroo’) on a numismatic item.
    Author provided: photo AG Dyer, CC BY

    Trade tokens were used in the late 18th century in England (and also much of the 19th century in Australia and New Zealand) due to insufficient supplies of official coinage for small-scale transactions.

    The depiction on Hall’s 1795 token was inspired by the painting The Kongouro from New Holland (1772) by the English painter George Stubbs.

    The oil painting by George Stubbs in 1772 titled The Kongouro from New Holland.
    Wikimedia Commons

    Stubbs had been commissioned by the famous naturalist Sir Joseph Banks, based on an inflated skin of a kangaroo Banks had collected from the east coast of Australia during 1770. His sister, Sarah Sophia Banks, was an important collector of English tokens and ultimately bequeathed her entire collection of tokens to the British Museum.

    The representation of a kangaroo with its head turned backwards looking over the shoulder on the Stubbs painting and the 1795 token is anatomically possible, but a less frequent depiction compared to a forward facing kangaroo common on modern coins.

    Nevertheless, one kangaroo on our current dollar appears to hold a similar pose.

    The classic mob of kangaroo design by Stuart Devlin, and the new obverse effigy of King Charles III by Daniel Thorne on the new Australian one dollar coins.
    Author provided: photo AG Dyer, CC BY

    The Banks link

    A McIntosh and Degraves Saw Mills, Tasmania, shilling token dated 1823 is one of Australia’s first and rarest numismatic items. It also represents a kangaroo looking over its shoulder.

    An example of this rare token housed at Museums Victoria collection carries an attribution which says it was possibly minted at Boulton Mint in Soho, England.

    A 1 Shilling 1823 silver token issued by Macintosh & Degraves Sawmills, Hobart, Tasmania, Australia.
    Copyright Museums Victoria, CC BY

    If this is the case, the design may also be linked to the animal in the Stubbs painting.

    Mathew Boulton from the Boulton Mint in England was a friend of Sir Banks, and the two men wrote to each other about the collection of Sarah Sophia Banks. The design element for representing kangaroos could have been passed on by Mathew Boulton to his son who ran the mint by the time the dated 1823 silver kangaroo token was made.

    Thus the very first depictions of kangaroos on early money share links to Sir Banks and some of his contemporaries.

    Tracing the evolution

    A variety of depictions of kangaroos on trade tokens were employed during the 19th century in Australia.

    Some, like the 1855 copper tokens from the John Allen General Stores in Jamberoo, New South Wales, are very rare and known by only a few surviving examples .

    John Allen General Stores (Jamberoo, NSW) token showing the Arms of New South Wales supported by a poorly formed kangaroo and emu.
    Museums Victoria, CC BY

    When I surveyed literature of known Australian tokens during the 19th century about 23% depicted a kangaroo – frequently as an incorporation into a coat of arms.

    After federation, a distinctive official Australian currency emerged. This often used kangaroos as part of a coat of arms design.

    The first sixpence coins were issued in 1911 and carried a common design of a forward facing kangaroo and emu as part of the coat of arms through to 1963.

    On florin coins, which were worth two shillings or 24 pennies in the pre-decimal money system that lasted up until 1966, the style was modernised from 1938 with a newer representation of a kangaroo and emu.

    On pennies and half pennies from 1939 a forward facing kangaroo was the main reverse design and lasted until 1964 when pre-decimal currency began to be phased out.

    New decimal currency was introduced on February 14 1966. Kangaroos appeared on the dollar note.

    The durability of the dollar note was short, however, meaning individual paper notes had to be frequently withdrawn from circulation and replaced. Production of one dollar notes was stopped in 1984.

    The replacement dollar coins featuring the mob of kangaroos proved very durable, and 1984 examples of the coin can still be found in change today.

    On our current decimal coins, that have been in use since the 1960s, the 50 cent piece shows another representation of a kangaroo and emu on the coat of arms that can be found in change over 50 years after their first release.

    The kangaroo and emu on the coat of arms has been on our 50 cent coins for over 50 years.
    Wojciech Boruch/Shutterstock

    Many decimal coins now have special issues featuring kangaroos, like the 2024 Paris Olympic Games two dollar coin series with fun kangaroos performing athletic tricks with icons of the Paris landscape in the backgound.

    The kangaroo has truly become an iconic symbol of Australian numismatics, and now famous coins like the one tonne gold kangaroo coin at the Perth Mint are major tourist attractions showing how far we have come since the first representation in 1795.

    Adrian Dyer receives funding from the Australian Research Council and the Alexander von Humboldt Foundation. He is affiliated with the Australian Numismatic Society.

    – ref. We all have kangaroos hopping around our coin purse – and they’ve been on money since 1795 – https://theconversation.com/we-all-have-kangaroos-hopping-around-our-coin-purse-and-theyve-been-on-money-since-1795-258814

    MIL OSI Analysis – EveningReport.nz –

    July 2, 2025
  • MIL-OSI Africa: Qatar Affirms Commitment to Enhancing Partnership for Inclusive Development

    Source: Government of Qatar

    Seville, July 02, 2025

    The State of Qatar reaffirmed its commitment to fostering partnerships and mobilizing financing for inclusive development, expressing pride in hosting the Second Global Summit on Social Development this coming November. 

    The summit aims to enhance global dialogue and action toward inclusive social development and achieving the 2030 Sustainable Development Goals (SDGs).

    This message was delivered by HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad on financing inclusive and sustainable development. The session was co-organized by the State of Qatar and the Kingdom of Spain in cooperation with the International Labour Organization (ILO), as part of the Fourth International Conference on Financing for Development in Seville.

    HE the minister emphasized that achieving the SDGs requires effective international cooperation, especially to support vulnerable populations affected by poverty, conflict, and climate change. Her Excellency stressed the urgent need for strong partnerships and sustained investment in education, healthcare, and social protection. She added that a real commitment is needed to leaving no one behind, with special attention to women, children, the elderly, and persons with disabilities.

    Her Excellency underscored that the State of Qatar continues to pursue its Vision 2030 by building a knowledge-based economy driven by innovation, social justice, and inclusion. She highlighted that sustainable development indicators are being integrated into all national policies, with a strong emphasis on the family and expanding access to quality education and healthcare.

    At the international level, HE the minister reiterated the State of Qatar’s commitment to working closely with UN agencies, particularly the UN Development Programme (UNDP), and to investing in development acceleration labs that support local innovation in over 115 countries. She also noted the State of Qatar’s role in supporting education in emergencies, including a new partnership with the World Bank that converts debt relief into social investment.

    Commenting on the broader global agenda, Her Excellency said that the State of Qatar views the Seville Commitment as a vital stepping stone to the upcoming Doha Summit. She called for joint efforts to reform global financing mechanisms and to strengthen collaboration with international financial institutions like the World Bank, the International Monetary Fund, and development banks. Her Excellency also called for ensuring that human rights remain at the heart of all development efforts, adding that the State of Qatar looks forward to having everyone work together, in a spirit of partnership and innovation, to develop real solutions that reach those most in need. 

    MIL OSI Africa –

    July 2, 2025
  • MIL-OSI Security: Coast Guard, National Park Service teams up to rescue mariner

    Source: United States Coast Guard

    07/01/2025 06:52 PM EDT

    The Coast Guard and the National Park Service rescued a mariner after his vessel ran aground near Shackleford Banks, North Carolina, Monday night. 

    For more information follow us on Facebook, Twitter and Instagram.

    MIL Security OSI –

    July 2, 2025
  • MIL-OSI Banking: Industry Consultation on the Future of the Account-to-Account Payments System

    Source: Reserve Bank of Australia

    The Reserve Bank of Australia (RBA) and The Treasury welcome the release of a public consultation today by Australian Payments Network and Australian Payments Plus on the future of the account-to-account payments system.

    Formulating a clear vision for the account-to-account payments system that is consistent with public interest considerations is a foundational recommendation of the recent RBA Risk Assessment on the proposed decommissioning of the Bulk Electronic Clearing System.

    RBA Assistant Governor (Financial System) Brad Jones said: “The account-to-account system supports consumers, businesses and government agencies in their everyday economic activities. It is a vital part of Australia’s financial infrastructure. This consultation provides a broad range of stakeholders the chance to provide input into how the system can be modernised to meet the opportunities and challenges of the future, in the public interest.”

    To support the development of the vision, the RBA is publishing a paper outlining our public interest framework for the account-to-account payments system. Central to the success of the future system is its ability to provide all end users with access to payments options that are capable of meeting their needs, and that are cost-effective, reliable and safe. Achievement of these objectives will require effective industry governance arrangements, resilient infrastructure and competition and innovation among participants.

    Background

    Australian Payments Network (AusPayNet) is the self-regulatory body for the payments industry. It administers the framework for the Bulk Electronic Clearing System – Australia’s system for processing batch account-to-account payments, including payroll and welfare payments.

    Australian Payments Plus (AP+) is the provider of Australia’s fast payment system – the New Payments Platform – as well as the BPAY billing service.

    The consultation paper, and details about the submission process, can be accessed at either of the following locations:

    www.auspaynet.com.au/insights/consultations/A2Avision

    www.auspayplus.com.au/stakeholder-engagement/public-consultations

    MIL OSI Global Banks –

    July 2, 2025
  • MIL-OSI United Kingdom: Hundreds of thousands to get secure roof over their heads

    Source: United Kingdom – Executive Government & Departments

    Press release

    Hundreds of thousands to get secure roof over their heads

    Government sets out ambitions for a social rent revolution through the new £39 billion Social and Affordable Homes Programme.

    • Boost for families as plans are set out to transform housing over the next 10 years, with more social and affordable properties including council homes, building on our Plan for Change
    • Government sets ambition to deliver around 300,000 social and affordable homes through the new £39bn Social and Affordable Homes Programme, with at least 60% for social rent
    • Long-term certainty and stability for the sector delivered through Deputy PM’s five step plan, while standards for millions driven up
    • Major intervention package will drive the government’s Plan for Change mission to build 1.5 million homes and deliver the biggest boost to social and affordable housing in a generation

    Hundreds of thousands of social and affordable homes, including 60 per cent for social rent, will be built and standards will be driven up under plans by the Deputy Prime Minister to usher in a decade of housing renewal across the country.  

    This significant package of renewal will help deliver on our Plan for Change, unlock new jobs and turn the tide of the entrenched housing crisis, which has seen families and over 165,000 children stuck in temporary accommodation without the safe, secure and stable home they deserve.  

    That’s why the government is today setting an ambition to deliver around 300,000 new social and affordable homes, through the unprecedented £39 billion new Social and Affordable Homes Programme announced at the Spending Review. Through this, we are setting an ambitious target that at least 60% of homes will be for social rent which is linked to local incomes – achieving this would mean delivering around 180,000 homes for social rent. That is six times more than the decade up to 2024.  

    Alongside this, a long-term plan – Delivering a Decade of Renewal for Social and Affordable Housing – is being published today (Wednesday) to set out how the government will deliver the biggest boost to social and affordable housing in a generation, alongside driving up the safety and quality of homes.  

    Living standards for millions of social housing tenants will also be driven up under new plans to update and modernise the Decent Homes Standard, which will be extended to privately rented homes for the first time, and Minimum Energy Efficiency Standards will be implemented for the first time in the social housing sector.  

    Further measures set out in the plan includes transformative changes to Right to Buy and other measures to protect vital council housing stock, unlocking investment in new and existing social housing, and increasing overall standards alongside a rallying call for the sector to step up and deliver.  

    This significant package is the latest action the government is taking to deliver on the Plan for Change to build 1.5 million homes and drive-up living standards, which includes reforms to the National Planning Policy Framework, the landmark Planning and Infrastructure Bill and the recent announcement of a new publicly-owned National Housing Bank. This will further help to turn the tide on the housing crisis which has left over 165,000 children in temporary accommodation and locked a generation out of a secure home.

    Deputy Prime Minister and Housing Secretary Angela Rayner said:

    “We are seizing this golden opportunity with both hands to transform this country by building the social and affordable homes we need, so we create a brighter future where families aren’t trapped in temporary accommodation and young people are no longer locked out of a secure home.   

    “With investment and reform, this government is delivering the biggest boost to social and affordable housing in a generation, unleashing a social rent revolution, and embarking on a decade of renewal for social and affordable housing in this country.   

    “That’s why I am urging everyone in the social housing sector to step forward with us now to make this vision a reality, to work together to turn the tide on the housing crisis together and deliver the homes and living standards people deserve through our Plan for Change.”

    Since coming into office, the government has listened carefully to social housing providers and tenants. The new plan, published by the government today, reflects this engagement and builds on the investment strategy laid out at the Spending Review. 

    The five steps form the government’s plan to deliver the biggest boost to social and affordable housing in a generation, alongside a lasting change in the safety and quality of homes. 

    Each step builds on work already undertaken to bring stability to the sector, but the Plan also publicly signals to developers, councils, investors and to the public the government’s serious intent and ambition for social and affordable housing. It also gives providers the stability and certainty they need to be able to borrow and invest in both new and existing homes knowing the government has a comprehensive plan for the sector.

    The five steps are to:     

    1. Deliver the biggest boost to grant funding in a generation
    2. Rebuild the sector’s capacity to borrow and invest in new and existing supply
    3. Establish an effective and stable regulatory regime
    4. Reinvigorate council housebuilding
    5. Forge a renewed partnership with the sector to build at scale

    To deliver the housing the country needs, the government confirmed at the Spending Review a new 10-year £39 billion programme to kickstart building at scale.   

    Homes England – the government’s housing and regeneration agency – will be responsible for delivering the majority of the funding, with up to 30% of funding  – up to £11.7bn over the 10 years – being used to support housing delivery from the Greater London Authority in the capital.     

    The long-term nature of the Social and Affordable Homes Programme will also offer more certainty for developers to invest and effectively plan housebuilding for the future, compared to the previous five-year £12.3bn 2021-2026 Affordable Homes Programme.   

    The last five year 2021-26 programme averaged £2.3 billion per year – this means the government will be spending almost double this on affordable housing investment by the end of this Parliament (£4bn in 2029/30).  

    To achieve the ambition of delivering more social and affordable housing, the government is issuing a ‘call to arms’ to everyone with a role in social and affordable housing to prove they can deliver at scale and at pace. And as part of this effort, we will work with the sector in the coming months to agree a joint overall target on how many social and affordable homes can be delivered overall.  

    A new long-term 10-year settlement for social housing rents will be introduced from April 2026 to provide the social housing sector with the certainty they need to reinvest in existing and new housing stock.     

    The government is also publishing a consultation on how to implement a convergence measure, with options for this being capped at £1 or £2 per week– with a final decision to follow at this year’s Autumn Budget.    

    Further views will be sought on a new Decent Homes Standard which will modernise the standard, with proposals that hold tenant safety at their core but remain proportionate and affordable for providers to deliver. Views will also be sought on updating standards to make sure homes are warm and efficient through a Minimum Energy Efficiency Standard for the social rented sector. This is all alongside our work to implement Awaab’s Law – this government is prioritising safety as a first step.    

    The government has also set out a package of wider reforms to the Right to Buy scheme to protect vital housing stock and to enable councils to ramp up delivery of new homes. This follows the reduction in maximum cash discounts that was implemented in November 2024.    

    This package complements work already taking place to get Britain building including through the updated National Planning Policy Framework, the landmark Planning and Infrastructure Bill and a new National Housing Bank to get more spades in the ground.

    Minister for Energy Consumers Miatta Fahnbulleh said:

    “Everyone deserves to live in a warm, secure and affordable home, which is why we are setting out bold plans today to transform housing over the next decade.

    “This includes proposals to introduce an energy efficiency standard for social housing for the first time ever, helping tenants benefit from cheaper energy bills and more efficient homes.”

    Further information

    Using Live Table 1012 in Published MHCLG statistics,(Live_Table_1012.ods) the number of social rent completions funded by Homes England and the GLA between 2014-15 and 2023-24 was 28,634.

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom –

    July 2, 2025
  • MIL-OSI Australia: Industry Consultation on the Future of the Account-to-Account Payments System

    Source: Airservices Australia

    The Reserve Bank of Australia (RBA) and The Treasury welcome the release of a public consultation today by Australian Payments Network and Australian Payments Plus on the future of the account-to-account payments system.

    Formulating a clear vision for the account-to-account payments system that is consistent with public interest considerations is a foundational recommendation of the recent RBA Risk Assessment on the proposed decommissioning of the Bulk Electronic Clearing System.

    RBA Assistant Governor (Financial System) Brad Jones said: “The account-to-account system supports consumers, businesses and government agencies in their everyday economic activities. It is a vital part of Australia’s financial infrastructure. This consultation provides a broad range of stakeholders the chance to provide input into how the system can be modernised to meet the opportunities and challenges of the future, in the public interest.”

    To support the development of the vision, the RBA is publishing a paper outlining our public interest framework for the account-to-account payments system. Central to the success of the future system is its ability to provide all end users with access to payments options that are capable of meeting their needs, and that are cost-effective, reliable and safe. Achievement of these objectives will require effective industry governance arrangements, resilient infrastructure and competition and innovation among participants.

    Background

    Australian Payments Network (AusPayNet) is the self-regulatory body for the payments industry. It administers the framework for the Bulk Electronic Clearing System – Australia’s system for processing batch account-to-account payments, including payroll and welfare payments.

    Australian Payments Plus (AP+) is the provider of Australia’s fast payment system – the New Payments Platform – as well as the BPAY billing service.

    The consultation paper, and details about the submission process, can be accessed at either of the following locations:

    www.auspaynet.com.au/insights/consultations/A2Avision

    www.auspayplus.com.au/stakeholder-engagement/public-consultations

    MIL OSI News –

    July 2, 2025
  • MIL-OSI: RBB Bancorp to Report Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 01, 2025 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as the “Company”, today announced that it will release financial results for its second quarter ended June 30, 2025 after the markets close on Monday, July 21, 2025.

    Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, July 22, 2025 to discuss the Company’s financial results.

    To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 710803, Conference ID RBBQ225. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52690, approximately one hour after the conclusion of the call and will remain available through August 05, 2025.

    Additionally, interested parties can listen to a live webcast of the call in the “Investor Relations” section of the Company’s website at www.royalbusinessbankusa.com.  This webcast will be recorded and available for replay on the Company’s website approximately two hours after the conclusion of the conference call.

    Corporate Overview

    RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of March 31, 2025, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company’s administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company’s website address is www.royalbusinessbankusa.com.

    Contacts
    Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282

    The MIL Network –

    July 2, 2025
  • MIL-OSI Submissions: Keeping brain-dead pregnant women on life support raises ethical issues that go beyond abortion politics

    Source: The Conversation – USA (3) – By Lindsey Breitwieser, Assistant Professor of Gender & Women’s Studies, Hollins University

    Laws such as Georgia’s LIFE Act can complicate ethical and legal decision-making in postmortem pregnancy.
    Darya Komarova/Moment via Getty Images

    Adriana Smith, a 30-year-old woman from Georgia who had been declared brain-dead in February 2025, spent 16 weeks on life support while doctors worked to keep her body functioning well enough to support her developing fetus. On June 13, 2025, her premature baby, named Chance, was born via cesarean section at 25 weeks.

    Smith was nine weeks pregnant when she suffered multiple blood clots in her brain. Her story gained public attention when her mother criticized doctors’ decision to keep her on a ventilator without the family’s consent. Smith’s mother has said that doctors told the family the decision was made to align with Georgia’s LIFE Act, which bans abortion after six weeks of pregnancy and bolsters the legal standing of fetal personhood. A statement released by the hospital also cites Georgia’s abortion law.

    “I’m not saying we would have chosen to terminate her pregnancy,” Smith’s mother told a local television station. “But I’m saying we should have had a choice.”

    The LIFE Act is one of several state laws that have passed across the U.S. since the 2022 Dobbs v. Jackson decision invalidated constitutional protections for abortion. Although Georgia’s attorney general denied that the LIFE Act applied to Smith, there’s little doubt that it invites ethical and legal uncertainty when a woman dies while pregnant.

    Smith’s case has swiftly become the focus of a reproductive rights political firestorm characterized by two opposing viewpoints. For some, it reflects demeaning governmental overreach that quashes women’s bodily autonomy. For others it illustrates the righteous sacrifice of motherhood.

    In my work as a gender and technology studies scholar, I have cataloged and studied postmortem pregnancies like Smith’s since 2016. In my view, Smith’s story doesn’t fit straightforwardly into abortion politics. Instead, it points to the need for a more nuanced ethical approach that does not frame a mother and child as adversaries in a medical, legal or political context.

    Birth after death

    For centuries, Catholic dogma and Western legal precedent have mandated immediate cesarean section when a pregnant woman died after quickening, the point when fetal movement becomes discernible. But technological advances now make it possible sometimes for a fetus to continue gestating in place when the mother is brain-dead, or “dead by neurological criteria”– a widely accepted definition of death that first emerged in the 1950s.

    The first brain death during pregnancy in which the fetus was delivered after time on life support, more accurately called organ support, occurred in 1981. The process is extraordinarily intensive and invasive, because the loss of brain function impedes many physiological processes. Health teams, sometimes numbering in the hundreds, must stabilize the bodies of “functionally decapitated” pregnant women to buy more time for fetal development. This requires vital organ support, ventilation, nutritional supplements, antibiotics and constant monitoring. Outcomes are highly uncertain.

    Adriana Smith’s baby was delivered by cesarian section on June 13, 2025.

    Smith’s 112-day stint on organ support ranks third in length for a postmortem pregnancy, with the longest being 123 days. Hers is also the earliest ever gestational age from which the procedure has been attempted. Because time on organ support can vary widely, and because there is no established minimum fetal age considered too early to intervene, a fetus could theoretically be deemed viable at any point in pregnancy.

    Postmortem pregnancy as gender-based violence

    Over the past 50 years, critics of postmortem pregnancy have argued that it constitutes gender-based violence and violates bodily integrity in ways that organ donation does not. Some have compared it with Nazi pronatalist policies. Others have attributed the practice to systemic sexism and racism in medicine. Postmortem pregnancy can also compound intimate partner violence by giving brain-dead women’s murderers decision-making authority when they are the fetus’s next of kin.

    Fetal personhood laws complicate end-of-life decision-making in ways that many consider violent too. As I have seen in my own research, when the fetus is considered a legal person, women’s wishes may be assumed, debated in court or committee, or set aside entirely, nearly always in favor of the fetus.

    From the perspective of reproductive rights advocates, postmortem pregnancy is the bottom of a slippery slope down which anti-abortion sentiment has led America. It obliterates women’s autonomy, pitting living and dead women against doctors, legislators and sometimes their own families, and weaponizing their own fetuses against them.

    A medical perspective on rights

    Viewed through a medical lens, however, postmortem pregnancy is not violent or violating, but an act of repair. Although care teams have responsibilities to both mother and fetus, a pregnant woman’s brain death means she cannot be physically harmed and her rights cannot be violated to the same degree as a fetus with the potential for life.

    Medical practitioners are conditioned to prioritize life over death, motivating a commitment to salvage something from a tragedy and try to partially restore a family. The high-stakes world of emergency medicine makes protecting life reflexive and medical interventions automatic. Once fetal life is detected, as one hospital spokesperson put it in a 1976 news article in The Boston Globe, “What else could you do?”

    This response does not necessarily stem from conscious sexism or anti-abortion sentiment, but from reverence for vulnerable patients. If physicians declare a pregnant woman brain-dead, patienthood often automatically transfers to the fetus needing rescue. No matter its age and despite its survival being dependent on machines, just like its mother, the fetus is entirely animate. Who or what counts as a legal person with privileges and protections might be a political or philosophical determination, but life is a matter of biological fact and within the doctors’ purview.

    The first baby born from a postmortem pregnancy was delivered in 1981.
    Emmanuel Faure/The Image Bank via Getty Images

    An ethics of anti-opposition

    Both of the above perspectives have validity, but neither accounts for postmortem pregnancy’s ethical and biological complexity.

    First, setting mother against fetus, with the rights of one endangering the rights of the other, does not match pregnancy’s lived reality of “two bodies, sutured,” as the cultural scholar Lauren Berlant put it.

    Even the Supreme Court recognized this entangled duality in their 1973 ruling on Roe v. Wade, which established both constitutional protections for abortion and a governmental obligation to protect fetal life. Whether a fetus is considered a legal person or not, they wrote, pregnant women and fetuses “cannot be isolated in their privacy” – meaning that reproductive rights issues must strike a balance, however tenuous, between maternal and fetal interests. To declare postmortem pregnancy unequivocally violent or a loss of the “right to choose” fails to recognize the complexity of choice in a highly politicized medical landscape.

    Second, maternal-fetal competition muddles the right course of action. In the U.S., competent patients are not compelled to engage in medical care they would rather avoid, even if it kills them, or to stay on life support to preserve organs for donation. But when a fetus is treated as an independent patient, exceptions could be made to those medical standards if the fetus’s interests override the mother’s.

    For example, pregnancy disrupts standard determination of death. To protect the fetus, care teams increasingly skip a necessary diagnostic for brain death called apnea testing, which involves momentarily removing the ventilator to test the respiratory centers of the brain stem. In these cases, maternal brain death cannot be confirmed until after delivery. Multiple instances of vaginal deliveries after brain death also remain unexplained, given that the brain coordinates mechanisms of vaginal labor. All in all, it’s not always clear women in these cases are entirely dead.

    Ultimately, women like Adriana Smith and their fetuses are inseparable and persist in a technologically defined state of in-betweenness. I’d argue that postmortem pregnancies, therefore, need new bioethical standards that center women’s beliefs about their bodies and a dignified death. This might involve recognizing pregnancy’s unique ambiguities in advance directives, questioning default treatment pathways that may require harm be done to one in order to save another, or considering multiple definitions of clinical and legal death.

    In my view, it is possible to adapt our ethical standards in a way that honors all beings in these exceptional circumstances, without privileging either “choice” or “life,” mother or fetus.

    This research was supported by a grant from The Institute for Citizens and Scholars.

    – ref. Keeping brain-dead pregnant women on life support raises ethical issues that go beyond abortion politics – https://theconversation.com/keeping-brain-dead-pregnant-women-on-life-support-raises-ethical-issues-that-go-beyond-abortion-politics-258457

    MIL OSI –

    July 2, 2025
  • MIL-OSI United Nations: Unlock Financing through UN Joint SDG Fund, Urges Deputy Secretary-General at Sevilla Conference

    Source: United Nations 4

    Following are UN Deputy Secretary-General Amina Mohammed’s remarks at the side event, “Catalysing Change:  Unlocking Impactful Financing at Scale through the UN Joint SDG Fund”, during the Financing for Development Conference in Sevilla, Spain:

    I am delighted to join you today to showcase how the UN Joint SDG Fund is turning the Financing for Development 4 vision into a reality on the ground.  Ten years into the implementation of the 2030 Agenda [for Sustainable Development], we face a stark reality:  while progress on the SDGs [Sustainable Development Goals] has delivered for millions, it has not kept pace with the scale of global challenges. The financing gap for the SDGs now exceeds $4 trillion annually, while multiple crises and shifting priorities threaten our collective ambition.

    Delivering on the vision of the 2030 Agenda requires finding and scaling-up innovative solutions.  This is the purpose of the Joint SDG Fund.  The Fund is an innovative and powerful instrument to drive change, break siloed approaches, and unlock financing at scale.

    Since its inception, the Fund has committed over $380 million, enabling a whole-of-UN-system response to pressing challenges.  This commitment has leveraged a further $6.6 billion in contributions from the wider ecosystem of development partners at country level.

    This is a clear demonstration of how finite resources, applied strategically, can crowd-in far greater volumes of capital, and result in far greater impact for the SDGs.

    The secret to the Fund’s success is its innovative approach to financing. Through blended and innovative finance mechanisms — from SDG bonds to energy financing facilities to credit enhancement guarantees — the Fund demonstrates how strategic risk-sharing can attract private capital for sustainable development, while bringing partners together to deliver solutions.

    Consider the following five examples:

    In Indonesia, the Joint SDG Fund supported green and social investments, mobilizing $4.6 billion through specialized bonds that benefited over 7.5 million students and restored 50,000 hectares of mangrove forests.

    In Uruguay, the Renewable Energy Innovation Fund achieved a 1:6 leverage ratio by partnering with seven banks that together account for 80 per cent of the country’s financial sector.

    Kenya’s innovative health financing reached over 1.5 million young people through results-based payment mechanisms working with impact investors.

    North Macedonia’s Green Finance Facility channels resources through six local banks, directing $46.5 million toward environmental projects while supporting women-headed households, Roma communities, and persons with disabilities.  This was achieved in partnership with the European Bank for Reconstruction and Development and others.

    And Zimbabwe’s Renewable Energy Fund showcases how partnerships with private equity funds, such as Old Mutual, can mobilize capital for women and youth-led enterprises in challenging markets.

    These are just a few powerful examples.

    The Fund’s success also stems from its unique positioning within the UN development system, leveraging UN resident coordinators’ convening role and UN country teams’ technical expertise.

    Fundamentally, the Fund represents multilateralism at its most effective — creating a collaborative platform extending beyond the UN system to enable and grow partnerships across the development and finance community.

    But delivering on the Fund’s full potential requires expanded partnership. I call on all Member States, development finance institutions, and private sector partners to deepen engagement with the Fund — not only through financial commitments but through strategic partnerships to keep pushing the boundaries of what is possible.

    Today, we will hear about success stories from Zimbabwe to North Macedonia, from Cabo Verde to Suriname.  These prove that, with the right instruments and partnerships, we can turn global commitments into tangible local transformation.

    The Financing for Development 4 outcome document, the “Sevilla Commitment,” calls for a global SDG investment push.  This is possible by elevating the role of governments in guiding strategic investments; by all development partners, including development banks, working as a system; by removing barriers to private capital; and by ensuring that investments from all partners are designed to deliver the greatest possible impact.

    The Fund stands ready to support and enable this important vision.  With innovation, partnerships, and the catalytic financing that the Joint SDG Fund provides, sustainable development for all remains within our reach.  Let’s get there together.

    MIL OSI United Nations News –

    July 2, 2025
  • MIL-OSI: Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 24

    Source: GlobeNewswire (MIL-OSI)

    MICHIGAN CITY, Ind., July 01, 2025 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 24, 2025 to review its second quarter 2025 financial results.

    The Company’s second quarter 2025 news release will be published after markets close on Wednesday, July 23, 2025. It will be available at investor.horizonbank.com.

    Participants may access the live conference call on July 24, 2025 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the “Horizon Bancorp Call.” Please dial in approximately 10 minutes prior to the call.

    A telephone replay of the call will be available approximately one hour after the end of the conference call through August 1, 2025. The telephone replay may be accessed by dialing 877-344-7529 from the United States, 855-669-9658 from Canada, or 412-317-0088 from other international locations and entering the access code 5878909.

    About Horizon Bancorp, Inc.

    Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.6 billion-asset commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

       
    Contact: Mark E. Secor
      Chief Administration Officer
    Phone: 219-873-2611
    Date: July 1, 2025

    The MIL Network –

    July 2, 2025
  • MIL-OSI: Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 24

    Source: GlobeNewswire (MIL-OSI)

    MICHIGAN CITY, Ind., July 01, 2025 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 24, 2025 to review its second quarter 2025 financial results.

    The Company’s second quarter 2025 news release will be published after markets close on Wednesday, July 23, 2025. It will be available at investor.horizonbank.com.

    Participants may access the live conference call on July 24, 2025 at 7:30 a.m. CT (8:30 a.m. ET) by dialing 833-974-2379 from the United States, 866-450-4696 from Canada, or 412-317-5772 from international locations and requesting the “Horizon Bancorp Call.” Please dial in approximately 10 minutes prior to the call.

    A telephone replay of the call will be available approximately one hour after the end of the conference call through August 1, 2025. The telephone replay may be accessed by dialing 877-344-7529 from the United States, 855-669-9658 from Canada, or 412-317-0088 from other international locations and entering the access code 5878909.

    About Horizon Bancorp, Inc.

    Horizon Bancorp, Inc. (NASDAQ GS: HBNC) is the $7.6 billion-asset commercial bank holding company for Horizon Bank, which serves customers across diverse and economically attractive Midwestern markets through convenient digital and virtual tools, as well as its Indiana and Michigan branches. Horizon’s retail offerings include prime residential and other secured consumer lending to in-market customers, as well as a range of personal banking and wealth management solutions. Horizon also provides a comprehensive array of in-market business banking and treasury management services, as well as equipment financing solutions for customers regionally and nationally, with commercial lending representing over half of total loans. More information on Horizon, headquartered in Northwest Indiana’s Michigan City, is available at horizonbank.com and investor.horizonbank.com.

       
    Contact: Mark E. Secor
      Chief Administration Officer
    Phone: 219-873-2611
    Date: July 1, 2025

    The MIL Network –

    July 2, 2025
  • MIL-OSI: Guggenheim Investments Announces July 2025 Closed-End Fund Distributions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

    The following dates apply to the distributions:
    Record Date July 15, 2025
    Ex-Dividend Date July 15, 2025
    Payable Date July 31, 2025
    Distribution Schedule
    NYSE
    Ticker
    Closed-End Fund Name Distribution
    Per Share
    Change from Previous
    Distribution
    Frequency
    AVK Advent Convertible and Income Fund $0.1172†   Monthly
    GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573†   Monthly
    GOF Guggenheim Strategic Opportunities Fund $0.1821†   Monthly
    GUG Guggenheim Active Allocation Fund $0.11875†   Monthly


    †
    A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.

    You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.

    Past performance is not indicative of future performance. As of this announcement, the sources of each fund distribution are estimates. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

    About Guggenheim Investments 
    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with more than $246 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 220+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”) and Guggenheim Funds Distributors, LLC (“GFD”). GFIA serves as Investment Adviser for GBAB, GOF and GUG. GPIM serves as Investment Sub-Adviser for GBAB, GOF and GUG. GFD serves as servicing agent for AVK. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.

    *Assets under management are as of 3.31.2025 and include leverage of $15.2bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Private Investments, LLC.

    This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.

    Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

    Analyst Inquiries 
    William T. Korver
    cefs@guggenheiminvestments.com

    Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
    Member FINRA/SIPC (07/25) 65312

    The MIL Network –

    July 2, 2025
  • MIL-OSI: Lake Shore Bancorp, Inc. Announces Results of Special Meetings of Stockholders and Members

    Source: GlobeNewswire (MIL-OSI)

    DUNKIRK, N.Y., July 01, 2025 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that at special meetings held on July 1, 2025, the stockholders of Lake Shore Federal Bancorp and the members of Lake Shore, MHC (depositors of the Bank) approved the Amended and Restated Plan of Conversion and Reorganization in connection with Lake Shore, MHC’s previously announced plan to convert from the mutual holding company to the fully public stock holding company form of organization and the Bank’s conversion from a federal savings bank to a New York chartered commercial bank.

    The closing of the conversion and the stock offering of Lake Shore Bancorp, Inc. remains subject to receipt of final regulatory approvals and customary closing conditions.

    This press release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by the prospectus when accompanied by a stock order form. The shares of common stock to be offered for sale by Lake Shore Bancorp, Inc. are not savings accounts or savings deposits and are not insured by the Federal Deposit Insurance Corporation or by any other government agency.

    About Lake Shore
      
    Lake Shore Federal Bancorp is the mid-tier holding company of Lake Shore Savings Bank, a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Federal Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Federal Bancorp is available at www.lakeshoresavings.com.

    Safe-Harbor

    This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about Lake Shore Federal Bancorp’s, Lake Shore Bancorp, Inc.’s (collectively, the “Company”) and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, that the proposed transaction may not be timely completed, if at all, that required final regulatory approvals are not timely received, if at all, or that other customary closing conditions are not satisfied in a timely manner, if at all, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, geopolitical conflicts, public health issues, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized.

    Source: Lake Shore Bancorp, Inc.
    Category: Financial

    Investor Relations/Media Contact
    Kim C. Liddell
    President, CEO, and Director
    Lake Shore Bancorp, Inc.
    31 East Fourth Street
    Dunkirk, New York 14048
    (716) 366-4070 ext. 1012

    The MIL Network –

    July 2, 2025
  • MIL-OSI: Provident Financial Services, Inc. Schedules Second Quarter Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., July 01, 2025 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE: PFS) announced that it expects to release financial results for the quarter ended June 30, 2025 on Thursday, July 24, 2025 at 8:00am. A copy of the earnings release will be immediately available on the Company’s website, www.Provident.Bank, by going to Investor Relations and clicking on Press Releases.

    Representatives of the Company will hold a conference call for investors on July 24, 2025 at 2:00 p.m. (ET) to discuss the Company’s second quarter financial results. Information about the conference call is as follows:

    PARTICIPANT DIAL-IN NUMBERS:
    North America Toll-Free: (888) 412-4131
    International Toll: +1(646) 960-0134
    Conference ID 3610756
       

    Internet access to the call will be available (listen only) at www.Provident.Bank by going to Investor Relations and clicking on Webcast.

    A replay of the call will be available beginning at 12:00 noon (ET) on July 24, 2025 until 11:59 p.m. (ET) on August 7, 2025.

    Toll Free Dial in Number: 1-800-770-2030
    Toll Dial in Number: 1-609-800-9909
    Playback ID: 3610756 followed by # key
       

    The call will also be archived on the Company’s website for a period of one year.

    Provident Financial Services, Inc. is the holding company for Provident Bank. As of March 31, 2025, the Company reported assets of $24.22 billion. The Bank currently operates a network of full-service branches throughout New Jersey, eastern Pennsylvania, and Orange, Queens, and Nassau Counties, New York. The Bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc.

    SOURCE: Provident Financial Services, Inc.
    CONTACT: Investor Relations, 1-732-590-9300
    Web Site: http://www.Provident.Bank

    The MIL Network –

    July 2, 2025
  • MIL-OSI Russia: Bosnia and Herzegovina: Staff Concluding Statement for the 2025 Article IV Consultation Mission

    Source: IMF – News in Russian

    July 1, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Sarajevo:

    Growth has proven resilient supported by expansionary fiscal policies, but inflation has picked up, and risks are elevated due to external shocks and domestic political tensions. Progress towards EU accession could boost confidence, but political hurdles persist. Fiscal policy should focus on restoring buffers and improving spending quality. The authorities should refrain from further discretionary measures that widen the deficit and strengthen contingency planning. Both entities face large financing needs that are expected to be met through external borrowing, with a Eurobond issuance in FBiH and bilateral loans in the RS, along with some domestic issuances. The authorities should prepare contingency plans in case of financing shortfalls. Reforms, including a review of public employment, wages, and social benefits are needed to achieve a debt-stabilizing primary balance.

    To safeguard monetary stability, it is essential to maintain the currency board and uphold the independence of the central bank. The authorities should continue to closely monitor financial sector risks and enhance crisis preparedness. The establishment of a country-wide financial stability fund, which would facilitate bank restructuring and provide liquidity on an exceptional basis, would substantially strengthen the financial safety net. To accelerate growth, the authorities need to speed up reforms to improve fiscal governance, protect financial integrity, fight corruption, and step up digitalization. Transitioning from coal to green energy along with preparing for the introduction of EU carbon taxes are major challenges ahead. Placing BiH on a higher growth path and providing its people with more opportunities will speed up income convergence with the EU and reduce emigration.

    Recent developments and outlook

    Despite a challenging environment, the economy has been resilient. Growth accelerated to 2.5 percent in 2024 from 2 percent in 2023, with strong domestic demand outweighing a decline in net exports. Household consumption was supported by strong growth in credit and remittances; private investment accelerated. The unemployment rate declined to 11.7 percent in Q4:2024, with real wages growing at an annual rate of 8 percent. The current account deficit widened to 4.0 percent of GDP in 2024 from 2¼ percent in 2023, reflecting a drought-induced decline in electricity exports, weaker demand for exports, and higher imports associated with strong domestic demand. Inflation fell to 1.7 percent in 2024 from 6¼ percent in 2023, owing to a slowdown in fuel and utilities prices. However, since end-2024, inflation has been rising again to 3.7 percent (yoy) in May, driven mainly by higher food prices.

    The economic outlook remains uncertain amid elevated downside risks. Real GDP is projected to grow by 2.4 percent in 2025 supported by an improvement in net exports, a stronger fiscal impulse, and private consumption. However, the outlook is vulnerable to both domestic and external shocks. A worsening in geopolitical tensions and a resulting slowdown in Europe, or increased commodity price volatility could raise food and energy prices, lower BiH exports and remittances, and dampen domestic demand. An escalation of political tensions could further increase economic fragmentation and weigh on investor confidence and growth. In the absence of faster reform progress, medium-term growth is expected to remain around 3 percent—insufficient for rapid income convergence with the EU. Inflation is expected to remain elevated during 2025, and as food inflation eases, gradually decline from 2026, approaching the ECB target of 2 percent.  

    Fiscal policy and reforms

    Fiscal performance in 2024 was stronger than expected. The general government deficit turned out to be 1¾ percent of GDP, the same as in 2023, but better than anticipated at the time of the 2024 AIV Consultation. The authorities leveraged a large increase in tax revenues to boost spending on wages, goods and services, social benefits, and public investments.

    With fiscal policy expected to ease in 2025, the authorities should avoid further discretionary measures and strengthen contingency planning. Entity budgets and subsequently-adopted measures envisage increases in public wages and pensions, reflecting both legally-mandated indexation and discretionary changes. The widening deficit, which could reach 2.6 percent of GDP, is expected to be mainly financed mostly through foreign borrowing, as well as domestic banks. The authorities should avoid policies that further expand the deficit as this would likely put upward pressure on rising prices and widen external imbalances. Moreover, given mounting downside risks, the authorities should aim to build cash buffers and develop contingency plans. Depending on the severity of a potential shock the authorities should use the available buffers and activate contingency plans.

    Over the medium term, the authorities are advised to place fiscal deficits on a firmly declining path starting from 2026, build fiscal buffers, and enhance the economy’s growth potential. Persistently high deficits risk placing public debt on an upward trajectory and may worsen financing terms. Fiscal consolidation should begin in 2026, with the goal of reducing the primary deficit to its debt-stabilizing level, while improving the quality of spending and rebuilding treasury balances. Priority should be given to spending measures that enhance efficiency—particularly by rationalizing the public wage bill through functional reviews and improving the targeting of social assistance programs. These measures should be complemented by revenue mobilization efforts, including broadening the tax base through the reduction of exemptions and development of new revenue sources, such as taxing dividends. Any fiscally costly policies should be strictly avoided or offset. Given significant infrastructure gaps, increasing both the level and quality of public investment should be a key objective.

    Fiscal consolidation efforts should be accompanied by institutional and structural fiscal reforms. Strengthening fiscal discipline will require a review of existing fiscal rules to assess whether they are appropriately designed to meet macroeconomic management and developmental needs and whether there are sufficient institutional arrangements in place to ensure that they are met. The recent materialization of contingent liabilities related to international arbitration cases underscores the urgency of enhancing fiscal risk management. This includes timely identification of all sources of fiscal risks, assessment of risk magnitude and likelihood, development of mitigation strategies, and reinforcement of the institutional framework. In this context, improving the oversight and governance of state-owned enterprises (SOEs) is crucial. Reducing inefficiencies in public investment management remains a priority. This involves better project selection, rigorous appraisal processes, efficient and transparency procurement, and stronger portfolio management and oversight. Finally, implementing robust beneficiary registries would improve the targeting of social assistance programs by reducing inclusion and exclusion errors, improving efficiency, and enhancing transparency and accountability.

    Currency board arrangement and financial sector policies and reforms

    For three decades, the currency board arrangement (CBA) has been a cornerstone of macroeconomic stability and must be preserved. The CBA has ensured the stability of the domestic currency, while reinforcing policy credibility and fiscal discipline. Benefiting from strong institutional independence, the Central Bank (CBBH), has consistently maintained net foreign exchange reserves well above the level of its monetary liabilities. Safeguarding the CBBH’s independence is critical to preserving the credibility and effectiveness of the CBA.

    The CBBH should further strengthen the reserve requirement framework. In line with IMF advice, the CBBH applies differentiated remuneration rates on reserve requirements for foreign and domestic currency liabilities. Falling euro area interest rates offer an opportunity to reduce the gap with CBBH remuneration rates on required reserves and the opportunity costs for holding reserves. A further comprehensive review of the reserve requirement framework, with technical assistance from the IMF, and implementation of previous recommendations would further strengthen the CBBH’s capacity to achieve its policy objectives.  

    Sustained strong credit growth calls for close monitoring of systemic risks and continued efforts to safeguard banking sector resilience. Credit expansion has been driven by rising wages, declining lending rates, and a booming real estate market. Despite this rapid growth, banks remain well capitalized, liquid, and profitable, while the share of non-performing loans continues to decline. Nonetheless, vigilance is warranted. The authorities should closely monitor financial sector developments and be prepared to deploy macroprudential tools to address risks from credit growth and rising real estate prices. Following introduction of additional capital buffers for systemic risk (SyRB) and domestic systemically important banks (D-SIBs), the macroprudential toolkit should be expanded to include a countercyclical capital buffer (CCyB) and borrower-based measures such as limits on loan-to-value (LTV) ratios and debt-service to income (DSTI) ratios. To preserve resilience, reducing the regulatory capital requirement from 12 to 10 percent as planned from end-2026 should be avoided. The authorities are also advised to avoid further extensions of temporary regulatory measures that aim to contain lending rate increases and to remove limits on bank exposures to foreign governments and central banks.

    Progress made on coordination on financial sector issues, under the leadership of the CBBH, should be maintained. Regular financial sector coordination meetings strengthen inter-agency cooperation and help ensure smooth information exchange. Additionally, the authorities are encouraged to establish a country-wide Financial Stability Fund to support orderly bank resolution and to cooperate across state-level institutions and both entities to request a new IMF Financial Sector Assessment Program (FSAP)—already requested by the CBBH—to comprehensively assess resilience and outline a roadmap for further reform, including in the context of EU accession.

    We commend the CBBH and the other relevant authorities for their strong efforts to integrate BiH with the Single Euro Payments Area (SEPA). SEPA integration will enable faster and more convenient euro payments across borders within the SEPA area, lower transaction costs, and foster deeper trade and economic integration within Europe. It is crucial that the relevant legislative amendments are adopted in a timely manner to pave the way for the submission of the application for SEPA membership. In addition, the development of the TIPS Clone—the project implemented by the CBBH in cooperation with the Bank of Italy—will provide infrastructure for instant payments.

    Structural reforms

    Advancing toward EU membership will require a stronger, more coordinated, and results-driven approach. Persistent political fragmentation, lack of consensus among governing bodies, and limited administrative capacity continue to obstruct the adoption and execution of key reforms. In this context, timely adoption and implementation of the EU Growth Plan offers a valuable opportunity. Reforms under the growth plan will align BiH more closely with the EU single market, advance EU accession, and unlock €1 billion in additional financing over 2025–27 period.

    The authorities should accelerate energy sector reforms to reduce fiscal risks and prepare for implementation of the EU Carbon Border Adjustment Mechanism (CBAM). Key reforms include phasing out electricity subsidies over the medium term—while protecting vulnerable households—and advancing efficiency improvements in energy SOEs. CBAM charges are set to take effect from 2026, with the largest anticipated impact on the BiH electricity sector. To mitigate this, it is essential to establish a domestic power exchange system and an agreed roadmap and legislative framework for introduction of carbon pricing at the state level. These steps would enable BiH to unlock new investment in renewable electricity generation, reducing the overall burden of CBAM. Implementation of carbon pricing will allow BiH to retain carbon-related revenues domestically and potentially secure a CBAM exemption for electricity exports to the EU.

    Reforms that tackle the labor market, governance, and digitalization are also crucial. The authorities should take a structured approach to minimum wage increases that avoids high, frequent, and ad hoc adjustments. Complementary reforms are needed to address low labor market participation (particularly among women) and high youth unemployment. The authorities should urgently implement MONEYVAL priority actions to avoid being grey listed by the Financial Action Task Force (FATF) in early 2026. Grey listing could impose significant economic costs through reduced investment, delays in international payments, and increased transaction costs. Finally, developing digital identity and trust services, and providing government e-services, would strengthen the business environment.

    *   *   *   *   *

    The mission thanks the authorities and all other counterparts for their hospitality and for the constructive and insightful discussions in Sarajevo and Banja Luka.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/07/01/cs-070125-bosnia-and-herzegovina-staff-concluding-statement-for-2025-aiv-consultation-mission

    MIL OSI

    MIL OSI Russia News –

    July 2, 2025
  • MIL-OSI Security: Serial Bank Robber Arrested for Allegedly Robbing Weymouth Bank at Gunpoint

    Source: US FBI

    Defendant previously convicted of robbing five banks across four separate cities and towns

    BOSTON – A Quincy man has been arrested and charged in connection with the December 2024 armed robbery of a Santander Bank in Weymouth.

    Glenn Legere, 46, of Quincy, was charged with one count of armed bank robbery. The defendant was arrested this morning and, following an initial appearance in federal court in Boston today, was ordered detained pending a hearing scheduled for July 8, 2025.

    According to the charging document, at approximately 4:52 p.m. on Dec. 17, 2024, local law enforcement was dispatched to a Santander bank branch in Weymouth for a reported bank robbery. There, it is alleged that a bank teller told law enforcement that as employees were preparing to close the bank, a man wearing a sweatshirt, baseball hat, face covering and gloves entered the bank through the main entrance. It is alleged that the suspect approached the victim teller’s window, removed a black firearm from the front pocket of his sweatshirt, opened a black cloth bag and demanded all the money. As the bank teller handed the suspect money from the cash box, the suspect allegedly yelled words to the effect of “I need money,” “I want the money” and “I don’t play.” At various times, the suspect allegedly pointed the firearm directly at the victim teller. It is further alleged that the suspect ran towards other teller windows, gesturing d towards the cash box areas and demanding more money, but the victim teller explained that there was no more money and displayed an empty cash drawer. The suspect allegedly then left the bank with approximately $947 in stolen cash.

    According to court documents, a subsequent review of surveillance video footage from nearby locations determined that the suspect drove to and from the robbery location in a silver or grey Jeep Grand Cherokee. A vehicle matching the description was captured on cameras in Quincy immediately before and after the robbery. It is alleged that the vehicle was registered to Legere. 
        
    Legere has multiple prior convictions for committing armed and unarmed robberies, including a 2011 conviction of armed robbery in Norfolk Superior Court for which he was sentenced to three to five years in state prison, as well as a 2010 conviction for armed and unarmed robbery of banks in Braintree, Hanover, Duxbury and Plymouth for which he was sentenced to three years in state prison.

    As stated in open court at the defendant’s initial appearance today, when Legere was arrested, a firearm and some of the clothing believed to be used by Legere during the robbery were recovered.

    The charge of armed bank robbery provides for a sentence of up to 25 years in prison, five years of supervised release and a fine of $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley; Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Colonel Geoffrey D. Noble, Superintendent of the Massachusetts State Police; and Weymouth Police Chief Richard M. Fuller made the announcement today. Valuable assistance was provided by the Massachusetts State Police, the National Insurance Crime Bureau and the Wellesley Police Department. Assistant U.S. Attorney Luke A. Goldworm of the Major Crimes Unit is prosecuting the case.

    The details contained in the charging document are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in the court of law.  

    MIL Security OSI –

    July 2, 2025
  • MIL-OSI Russia: The World Bank has allocated $173.5 million to Azerbaijan for the development of renewable energy

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BAKU, July 1 (Xinhua) — The World Bank and the Government of Azerbaijan have signed a $173.5 million loan agreement to support a program to expand the use of renewable energy and strengthen energy infrastructure in Azerbaijan.

    As reported by the AZERTAC news agency, two documents were approved at the signing ceremony on Tuesday – a loan agreement between Azerenergy and the International Bank for Reconstruction and Development (IBRD), part of the World Bank Group, and a guarantee agreement between the Republic of Azerbaijan and the IBRD.

    The four-year program envisages the modernization of the Azerenergy energy system and the safe integration of new wind and solar power plants into the general energy grid. It is planned to build four high-voltage power transmission lines with a voltage of 500 and 330 kV with a total length of 341 km, as well as the purchase of transformers and equipment for the Navahi substation.

    At the signing ceremony, Azerbaijani Finance Minister Sahil Babayev said the agreement reflects the country’s strategic course for the development of sustainable and environmentally friendly energy. According to him, Azerbaijan has significant technical potential in the field of wind, solar and hydropower and aims to become not only a producer but also an exporter of green energy. -0-

    MIL OSI Russia News –

    July 2, 2025
  • MIL-OSI Europe: Multilateral development bank heads and private sector leaders map out deeper cooperation in Seville for development

    Source: European Investment Bank

    EIB

    The European Investment Bank (EIB) Group in partnership with the Financial Alliance for Net Zero convened a high-level exchange with leaders of multilateral development banks (MDBs) and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies.

    Heads of the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank (CEB), European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, Islamic Development Bank and the World Bank Group and leaders of private sector financial and corporate institutions convened for a high-level roundtable to accelerate joint action to mobilise private capital for sustainable development goals. 

    The participants identified opportunities around scaling up successful and existing public-private partnerships and financial instruments, MDBs providing local currency finance and hedging instruments – including through commercial banks – sharing risk statistics through the Global Emerging Markets Risk Database (GEMs), blending instruments, local capacity building and engaging with governments and regulators to create the right conditions for private investment to thrive.

    The roundtable in Seville followed the Heads of MDBs meeting, hosted by the CEB on Saturday in Paris, where in a Joint Statement the participants highlighted private capital mobilisation as a system-wide priority, in line with the Viewpoint Note from Washington in April 2024.

    MIL OSI Europe News –

    July 2, 2025
  • MIL-OSI Europe: Development Banks committed $19.6 billion to water projects in 2024

    Source: European Investment Bank

    ©mrjn Photography/ Unsplash

    Ten multilateral development banks (MDBs) active in the water sector have approved global investments totalling $19.6 billion (€17 billion) in 2024. According to the inaugural Joint Annual MDB Water Security Financing Report, launched on the sidelines of the 4th International Conference on Financing for Development in Seville, nearly three-quarters of these funds were earmarked for low-, lower-middle-, and upper-middle-income countries.

    The report follows a joint commitment made in December 2024 at the One Water Summit in Riyadh, Saudi Arabia, by the African Development Bank Group, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank Group, Islamic Development Bank, New Development Bank, and World Bank Group. The MDBs pledged to significantly increase support for the water sector between 2025 and 2030 and to report jointly on their progress.

    This first edition of the annual Water Security Financing Report provides an overview of MDB investments in the global water sector, establishing a baseline for tracking future financing. It highlights the collective efforts of the ten members of the MDB Water Sector Coordination Group (the aforementioned banks plus the Council of Europe Development Bank) to foster collaboration, share expertise, and drive innovative solutions. It also shows that the EIB accounted for more than a quarter of total MDB financing to the sector in 2024. This strong engagement is in line with the EIB’s forthcoming Water Resilience Programme, which aims to increase the Group’s lending in the sector by 50% to €15 billion between 2025 and 2027, potentially catalysing up to €40 billion in global water investments over three years.

    “Creating sustainable water systems worldwide requires financing, but it also demands partnerships that bring together investment, technical assistance, and knowledge,” said EIB Vice-President Ambroise Fayolle. “That is why the MDBs have made water a shared priority. The first Water Security Financing Report reflects our collective responsibility – and our ambition to achieve more, together.”

    Examples of EIB cooperation with other MDBs include a partnership with the African Development Bank, Islamic Development Bank, World Bank Group, and West African Development Bank to help protect Cotonou, Benin, from flooding by improving drainage infrastructure across 34 basins. In Mongolia, the EIB and the Asian Development Bank are working together to build wastewater treatment plants and improve rainwater drainage systems in several cities. The EIB has also enjoyed a 20-year collaboration with the Council of Europe Development Bank, co-financing the construction, expansion, and refurbishment of water and sewerage networks in all major municipalities across Cyprus.

    Background

    Half of the world’s population is estimated to live in areas facing water scarcity. Climate change is altering rainfall patterns and increasing the frequency of extreme weather events, threatening both the quantity and quality of water resources and damaging vital infrastructure. At the same time, cooperation to optimise water resource management and development is lacking, and fragmentation hampers water security. According to a World Bank study, the annual funding gap to achieve universal access to safe and affordable drinking water and sanitation is estimated at $138 billion (a mid-range estimate) between 2017 and 2030. On average, countries would need to nearly triple their annual spending to close this gap. The challenge is even greater in Sub-Saharan Africa, where spending would need to increase by up to 17 times, and in low-income or conflict-affected countries, where investment may need to rise by as much as 42 times.

    MIL OSI Europe News –

    July 2, 2025
  • MIL-OSI Europe: REPORT on the future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness – A10-0123/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the future of the EU biotechnology and biomanufacturing sector: leveraging research, boosting innovation and enhancing competitiveness

    (2025/2008(INI))

    The European Parliament,

    – having regard to the Treaty on the Functioning of the European Union (TFEU), in particular Articles 9, 151, 152, 153(1) and (2) thereof, as well as Articles 173 and 179 thereof, which concern EU industrial policy and research and refer to, among other things, the competitiveness of the Union’s industry and the strengthening of the Union’s scientific and technological bases,

    – having regard to the Treaty on European Union, in particular Article 5(3) thereof and Protocol No 2 thereto on the application of the principles of subsidiarity and proportionality,

    – having regard to the Commission communication of 20 March 2024 entitled ‘Building the future with nature: Boosting Biotechnology and Biomanufacturing in the EU’ (COM(2024)0137),

    – having regard to the report by Mario Draghi of 9 September 2024 entitled ‘The future of European competitiveness’,

    – having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

    – having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    – having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

    – having regard to the report by Enrico Letta of 10 April 2024 entitled ‘Much more than a market’,

    – having regard to the Commission communication of 19 February 2025 entitled ‘A Vision for Agriculture and Food – Shaping together an attractive farming and agri-food sector for future generations’ (COM(2025)0075),

    – having regard to Rule 55 and Rule 148(2) of its Rules of Procedure,

    – having regard to the report of the Committee on Industry, Research and Energy (A10-0123/2025),

    A. whereas the EU biotechnology and biomanufacturing sector has been recognised as one of 10 strategic technology sectors for Europe’s competitiveness, economic security and sustainability; whereas the sector is characterised by very high productivity, growth and employment, and delivers globally competitive, cutting-edge solutions in healthcare, life sciences, industrial production and transformation, sustainable biomanufacturing, energy and food security; whereas biotechnology and biomanufacturing are important enablers of the bioeconomy at large; whereas biotechnology and biomanufacturing can help enhance the EU’s strategic autonomy, resilience and circularity by reducing industry’s dependency on fossil-based input and other external dependencies in various sectors; whereas the biotechnology and biomanufacturing sector still faces regulatory and financial obstacles and an incomplete internal market; whereas the Commission is expected to present an EU biotech act, an updated EU bioeconomy strategy, an EU life sciences strategy, an EU innovation act and an EU circular economy act;

    B. whereas according to the Organisation for Economic Co-operation and Development (OECD), biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; whereas biomanufacturing is not clearly defined and the Commission should therefore propose such a definition; whereas a definition of biomanufacturing should be future-proof, open to scientific and technological developments, and technology neutral, so as to broadly encompass the use of biotechnology or other technologies for the production of bio-based material products and solutions including, but not limited to, chemical, mechanical or thermal processes;

    C. whereas the biotech and biomanufacturing industries have led the development and deployment of breakthrough innovations in healthcare, such as mRNA-based vaccines; whereas biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for medicines;

    D. whereas the COVID-19 pandemic highlighted the importance of having robust raw material value chains and manufacturing capabilities within Europe, to ensure security of supply of critical products and to mitigate shortages, for example of essential medicines;

    E. whereas artificial intelligence (AI) can help drive biotechnology innovation – e.g. in personalised medicine and drug discovery – resulting in health and environmental benefits; whereas the use of AI in biotechnology can also present ethical challenges and risks, related to the protection of private data, which need to be addressed in order to maintain public trust and acceptance;

    F. whereas biotechnology is applied in various aspects of animal and plant-based agriculture and also indirectly, through its use in activities such as waste management;

    G. whereas biotechnology can strengthen the resilience of forests and, in the case of biomanufacturing, the forest sector can offer sustainably produced, renewable and recyclable raw materials that can be used in high-value innovative products, materials and applications;

    H. whereas the EU is a global leader in research and biomanufacturing capacity, yet its potential remains unexploited due to the lack of a sufficiently coordinated policy framework that enables the efficient scaling up of innovation, the attraction of investment and the commercialisation of new technologies; whereas the ‘one in, one out’ approach ensures that all burdens introduced by Commission initiatives are considered, and administrative burdens are offset by removing burdens of equivalent value in the same policy area at EU or Member State level; whereas Parliament has called for the EU’s research budget to be doubled; whereas EU private investment in research, development and innovation is lagging behind other major economies; whereas promoting investment in pioneering demo and commercial production plants can accelerate the commercialisation of EU innovation in the bio-based industries;

    I. whereas urgent, coherent and consistent action needs to be taken during the next few years to make the EU a world leader in biotechnology, biomanufacturing and life sciences effecting a bold level of change, in accordance with due process and supported by competitiveness checks and adequate funding;

    J. whereas lengthy and complex authorisation procedures, particularly concerning approval times, represent a competitive disadvantage for EU operators and drive project developers out of the EU, and hinder industrial deployment and growth;

    K. whereas current EU regulatory frameworks do not cater precisely to the specificities of bio-based products; whereas the existing regulatory authorisation processes for biotech products needs to be urgently addressed to ensure that the EU remains globally competitive; whereas an effective regulatory framework for conducting clinical research is essential for the competitiveness of the most innovation-intensive aspects of the EU’s pharmaceutical and biotechnology sectors; whereas the Commission should take account of the regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility without lowering existing EU safety and environmental standards;

    L. whereas the EU’s biotechnology and biomanufacturing investment and venture capital ecosystem remains fragmented; whereas high energy prices, regulatory burdens, barriers, and a lack of available key feedstock, raw materials and components are limiting the ability of start-ups and other small and medium-sized enterprises (SMEs) to scale up, and limit large-scale deployment; whereas EU biomanufacturing capacity and supply chain resilience, including the availability of feedstock, are essential to reduce dependence on non-EU actors; whereas effective global supply chains – including strategic partnerships with reliable global actors – are also important to secure stable access to critical resources, avoid supply disruptions and foster continuous innovation in essential technologies;

    M. whereas bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of, for example, polymers, plastics, solvents, paints, detergents, cosmetics and pharmaceuticals, thereby contributing to EU emission reduction, resource efficiency and strategic autonomy; whereas the EU could further incentivise market demand and market uptake for sustainable bio-based products and materials;

    N. whereas it is vital to increase the use of sustainable bio-based raw materials as part of the means of reaching the EU’s 2050 climate targets; whereas biotechnology has the potential to transform the refinery and chemical industry towards biomanufacturing, thereby reducing greenhouse gas emissions, in line with the EU’s climate objectives;

    O. whereas biotechnology and biomanufacturing are regulated across many different regulatory frameworks; whereas current EU regulatory frameworks for biotechnology and biomanufacturing are inconsistent across sectors, creating legal uncertainty and slowing market access for innovative solutions; whereas the lengthy authorisation processes, particularly concerning approval times, need to be urgently addressed and improved, while maintaining a risk- and science-based approach, to compete with corresponding time frames outside the EU; whereas the use of regulatory sandboxes should be expanded to ensure that emerging technologies have a clear development pathway; whereas new EU-wide regulation in the form of an EU biotech act should be duly justified based on examples of concrete gaps and shortcomings in current legislation and implementation, focusing on the specificities of the industry;

    P. whereas a coherent, robust and future-proof intellectual property (IP) framework is essential, ideally resulting in economic, environmental and societal benefits;

    Q. whereas public awareness in the EU of biotechnology and biomanufactured products should be further strengthened, in order to boost public acceptance; whereas the ethical aspects of biotechnology should be considered; whereas stakeholder consultation plays a crucial role in shaping responsible and ethical biotechnology policies; whereas civil society can play an essential role in ensuring public trust;

    R. whereas the engineering of DNA and organisms is increasingly carried out in automated biofoundries, which produce a wealth of data and improved designs and knowledge of biological functions;

    S. whereas the EU’s regulatory framework needs to adequately address evolving risks, opportunities and responsibilities associated with the handling, trade and synthesis of biological material, particularly in the context of synthetic biology; whereas existing biosecurity gaps need to be addressed by the EU and through international cooperation;

    Criteria for a comprehensive EU biotech act

    1. Emphasises the growth potential of the European biotechnology and biomanufacturing sector and the need for the EU to remain world-leading in this field; underlines the commitment to the principles of better regulation and lawmaking, simplification and administrative burden reduction; underlines that the simplification of EU legislation must not endanger any of the fundamental rights of citizens, workers and businesses or risk regulatory uncertainty; believes that any simplification proposal should not be rushed and proposed without proper consideration, consultation and impact assessments; therefore asks the Commission, if it proposes a new EU-wide regulation in the form of an EU biotech act, to address concrete gaps and shortcomings in current legislation and implementation, and to present legislation that can be revised, simplified, streamlined, repealed and which reduces bureaucratic burdens, focusing on the specificities of the industry and maintaining relevant safety and security standards; asks that an EU biotech act adopt a comprehensive cross-sectoral scope and that it be accompanied by an impact and cost assessment, competitiveness checks as well as a comprehensive assessment by the Regulatory Scrutiny Board, taking due consideration of the impact on SMEs, start-ups and scale-ups, as well as the interaction with other relevant legislative and non-legislative initiatives, including proposals currently undergoing the co-legislative procedure;

    2. Recalls that according to the OECD, biotechnology is defined as the application of science and technology to living organisms, as well as parts, products and models thereof, to alter living or non-living materials for the production of knowledge, goods and services; notes, however, that biomanufacturing is not clearly defined and calls on the Commission to propose such a definition;

    3. Recommends streamlining and harmonising existing and upcoming initiatives relating to biotechnology and biomanufacturing, with the objective of strengthening the biotechnology and biomanufacturing industry through clear industrial and research and development (R & D) competences;

    4. Urges the Commission to ensure coherence and consistency across all initiatives and legislative measures that may affect biotechnology and biomanufacturing innovations and companies, especially start-ups and scale-ups;

    5. Calls on the Commission to ensure that any future relevant legislative initiatives have a broad enough scope to capture the width of the biotechnology and biomanufacturing industry and its full range of applications; recommends facilitating a fast and efficient uptake of biotechnology and biomanufacturing through clear regulatory frameworks;

    6. Calls on the Commission to implement measures within its structures in order to ensure coordination, coherence and complementarity across its relevant directorates-general, and to enable more efficient scale-up and commercialisation of research, development and innovation results; highlights the importance of efforts to improve policy coherence and coordination at national level;

    7. Calls on the Commission to take account of regulatory frameworks of non-EU countries leading in the biotechnology and biomanufacturing sector, in the context of existing and future EU legislation covering the industry, to ensure compatibility, where possible and without compromising consumer safety, and a level playing field for EU biotech companies competing internationally, and to learn from best practices from outside the EU without lowering existing EU standards;

    8. Calls on the Commission to present a report on the implementation of current legislation in the field of biotechnology and biomanufacturing, including identifying potential gaps and regulatory barriers hampering the growth of the industries applying these technologies and manufacturing processes, including barriers to improving the EU’s self-sufficiency in key feedstocks, raw materials and components; recalls the precautionary principle laid down in Article 191 TFEU; urges the Commission to share with Parliament the preliminary findings of its study on regulatory burden, in this regard, and the potential need to review legislation related to biotechnology and biomanufacturing; calls for a simplification of current requirements for the sector across regulatory frameworks to enable faster approval procedures and market access, while maintaining a risk- and science-based approach and avoiding regulatory uncertainty;

    9. Welcomes the recently launched Biotech and Biomanufacturing Hub; requests that the Commission provide further guidance to EU biotechnology and biomanufacturing companies and the Member States with regard to the Net-Zero Industry Act[1] and the new Clean Industrial Deal in terms of permitting and financing, and to consider the creation of supporting hubs, in order to improve guidance and advice to companies navigating through the regulatory framework;

    10. Calls on the Commission to urgently streamline, simplify and shorten the time required for authorisation procedures, particularly approval time frames, for biotechnology materials and products throughout their manufacturing- and life-cycles, and to facilitate the market uptake of bio-based solutions, including the provision of pre-authorisation guidance, while maintaining a risk- and science-based approach, particularly in the context of its regular review of EU agencies such as the European Food Safety Authority, the European Medicines Agency and the European Chemicals Agency; calls on the Commission to ensure that the relevant EU agencies are adequately resourced, to enhance their capacity for conducting authorisation procedures in a timely manner;

    11. Calls on the Commission to consider the possibility of a simplified approvals procedure for biotechnology products that have already been approved by trusted regulatory bodies in like-minded countries with EU-equivalent standards;

    12. Calls on the Commission to consider simplifying labelling practices, such as the use of QR codes, and ensure fair market conditions between biotechnology and other products, such as marketing and advertising, without compromising consumer safety or access to relevant consumer information;

    13. Recalls that harmonised, predictable, future-proof and internationally competitive IP and data protection rules for biotechnology and biomanufacturing patents are essential for the development of the industry, resilient supply chains and sustainable economic growth; underlines the importance of improving IP protection rules by longer terms for patented technologies to strengthen the EU’s competitiveness, foster innovation and the EU’s strategic autonomy, protect cutting-edge technologies, reward long-term investments, and support high-risk research; considers that a coherent, robust and future-proof IP framework is essential; welcomes, in this regard, the EU’s recently established unitary patent system;

    14. Calls for a common clinical trials framework with streamlined approval procedures across the Member States to minimise administrative burdens and delays, and which allows for the use of real-world evidence for biotechnology therapies; asks the Commission to present the current situation in this regard, as well as potential improvements; calls for the swift implementation of the Clinical Trials Regulation[2] and the use of the EU’s Clinical Trials Information System;

    15. Underlines the strategic importance for the EU of a strong biotechnology ecosystem to support R & D, manufacturing, and patient access to innovative medicines; points out that biotechnology processes can be used to manufacture active pharmaceutical ingredients and key manufacturing inputs for both off-patent and innovative medicines;

    16. Recommends using the next generation of regulatory sandboxes to assess the specific impacts and possibilities of emerging biotechnology and biomanufacturing applications, ensuring that new technologies can be trialled in a controlled but flexible and future-proof regulatory environment; stresses the importance of ensuring that EU policy takes account of technological and scientific developments to safeguard the EU’s global competitiveness;

    17. Recommends developing a strategy to support biotechnology and biomanufacturing companies transitioning from the regulatory sandbox regime to full market access; requests that the strategy include, but not be limited to, support mechanisms, regulatory assistance and guidance on compliance with EU legislation;

    The need to promote the advantages and specificities of the biotechnology and biomanufacturing industry

    18. Underlines that effectively scaling up biotechnology and biomanufacturing in the EU hinges on a robust, competitive and circular bioeconomy; calls on the Commission to present an updated bioeconomy strategy, which takes account of current challenges and reinforces the bioeconomy’s industrial dimension and its links to biotechnology and biomanufacturing, incentivising the development and production of sustainable, innovative, high-value added bio-based materials, products and solutions, to contribute to EU competitiveness and strategic autonomy;

    19. Acknowledges the important role biomass plays in biomanufacturing; recalls, in this regard, the importance of adopting an approach open to different sustainable biomass technologies grounded in robust analysis, and with the aim of enhancing feedstock access and use, as well as harnessing international supply chains, while aiming to avoid unintended environmental externalities;

    20. Underlines the need to account for the specificities of biogenic carbon, bio-based products and processes, and to differentiate them from petrochemical and fossil-based products, in the context of EU and national chemical, materials and environmental legislation;

    21. Points out that essential components, such as enzymes, lactic acid bacteria and other microorganisms, run the risk of being prohibited or unduly disincentivised by EU regulations primarily designed for petrochemical and synthetic substances, such as the REACH Regulation[3];

    22. Is concerned that the European Investment Bank (EIB)’s interpretation of sustainability criteria under the EIB Group Paris alignment framework may result in access to funding for bio-based materials and projects being denied; asks the Commission to examine relevant definitions accordingly and encourage biotechnology- and biomanufacturing-friendly interpretations; calls on the EIB to propose de-risking instruments for biotechnology and biomanufacturing, in order to raise capital; calls, moreover, on the EIB to improve outreach, advisory support and information on financing instruments and opportunities for eligible biotechnology and biomanufacturing projects, in particular SMEs, start-ups and scale-ups;

    23. Underlines the benefit and contribution of bio-based products and processes to the EU’s CO2 reduction objectives, which, given the potential of these products to increase sustainability and lower the EU’s environmental footprint, need to be reflected in respective life cycle assessments, information for consumers and public procurement;

    24. Considers that, in order to accelerate the substitution of fossil-based feedstocks, the market demand and market uptake of sustainable bio-based products could be further incentivised in the EU; considers that bio-based feedstocks, such as sustainably sourced biomass, recycled waste and CO2 captured from biogenic sources, could be used as alternative feedstocks for the manufacturing of various products, contributing to the EU’s emissions reduction, resource efficiency and strategic autonomy; in this context, recalls the commitment in the EU’s Competitiveness Compass to develop policies to reward early movers; considers that coherent and adequate sustainability criteria should be ensured for biomass;

    25. Underlines the importance of upholding the EU’s high standards of food and consumer safety and the potential of biotechnology applications when assessing biotechnology applications in food and feed to protect consumer health, assess impact on circularity and sustainability, and to consider social, ethical, economic, environmental and cultural aspects of food innovation; calls on the Commission to identify smooth routes to market for safe applications of biotechnology in food products, while reiterating that such biotechnology applications need to be properly examined, prior to any future authorisation and subsequent placing on the EU market, including gathering toxicological information and clinical and pre-clinical studies where relevant, and ensuring traceability;

    26. Underlines that biosecurity risks, including bioethical considerations, must be addressed in conjunction with biotechnology and biomanufacturing innovation, ensuring responsible access to and use of synthetic biology tools, genetic editing technologies and biological materials; calls for the establishment of an EU biosecurity registry for synthetic DNA, benchtop synthesis equipment and genetic engineering tools, improving transparency and risk-assessment mechanisms, in consultation with relevant stakeholders, such as industry and civil society, and while ensuring sensitive data is adequately protected; stresses the importance of EU strategic autonomy in biotechnology supply chains, ensuring that critical biomanufacturing inputs and expertise remain within Europe; calls for stronger international cooperation on biosecurity standards, including mandatory international screening standards, ensuring that EU-based biotechnology and biomanufacturing companies benefit from global best practice while maintaining competitiveness;

    27. Urges the Commission to conduct a study on biological materials and to present an updated communication and an action plan on chemical, biological, radiological and nuclear risks, in particular regarding bioterrorism and bio-risks;

    Horizontal issues

    28. Underlines the importance for supply chain security of ensuring a sufficient, stable and competitive supply of feedstock, raw materials and essential components, such as sustainable biomass and enzymes for biotechnology and biomanufacturing companies; calls for potential risks, gaps and dependencies to be closely monitored while safeguarding company-sensitive data and the functioning of the internal market;

    29. Stresses the importance of developing EU raw material value chains and manufacturing, and enhancing self-sufficiency where possible, while also fostering strategic partnerships and cooperation with like-minded non-EU countries to secure resilient and diversified access to critical inputs of biotechnology and biomanufacturing industries in the EU;

    30. Stresses that, in an increasingly tense geopolitical context, biotechnology and biomanufacturing should be fully leveraged to strengthen the EU’s strategic autonomy, enhance food security and reduce dependence on non-EU countries; highlights the need to stimulate market demand and uptake of bio-based products to boost the growth, competitiveness and sustainability of the EU biotechnology and biomanufacturing sector;

    31. Notes that the scale-up and commercialisation of research results remains a major challenge in the EU, and stresses the need to improve knowledge and technology transfer between academia and industry to ensure that EU-funded biotechnology and biomanufacturing research leads to commercial applications and industrial deployment; highlights the importance of strengthening public-private collaboration and supporting universities and research institutions with high levels of technology transfer, spin-offs, and start-up creation, for example by applying the CERN model of building start-up studios within research institutions; calls for strategic investments in shared EU infrastructure – such as pilot facilities, biobanks or innovation accelerators – to support the scale-up of prototypes and the market uptake of innovative biotechnology and biomanufacturing solutions; underlines that innovation cannot solely take place for short-term economic benefit, and that biotechnology and biomanufacturing innovation should be driven through a bottom-up approach under a standalone and long-term framework programme; calls on the Commission to facilitate the creation of world-leading research hubs for biotechnology and biomanufacturing to drive innovation and collaboration between academia, industry and venture capital; emphasises the need for robust physical testing facilities in the biotechnology and biomanufacturing sector to drive innovation and facilitate the production and market access for SMEs and start-ups;

    32. Stresses the need to ensure access to affordable energy for biotechnology and biomanufacturing operators, given the high energy intensity of large-scale biological production processes; underlines the importance of facilitating the authorisation and validation of large industrial plants, such as bioreactors, which are essential for scale-up but also face significant construction and operating risks; welcomes the latest revision of the Renewable Energy Directive[4] and its provisions to simplify permitting procedures, and calls on the Member States to swiftly implement relevant measures to support the deployment of biotechnology and biomanufacturing infrastructure;

    33. Underlines the need for a skilled and diverse European workforce in the biotechnology and biomanufacturing sector and for the promotion of entrepreneurial skills, in close collaboration with industry and research institutions; calls for increased investment in biotechnology and biomanufacturing education and targeted professional training, including in but not limited to areas such as regulatory compliance, quality assurance and process engineering; supports the development of competence centres and public-private training initiatives across all Member States to enable upskilling, reskilling and lifelong learning to safeguard the attractiveness of the biotechnology and biomanufacturing industry; highlights the importance of adapting educational curricula to the evolving needs of the sector, and of promoting science, technology, engineering and mathematics (STEM) subjects, with a particular focus on attracting more girls and women into biotechnology and biomanufacturing careers; encourages more public awareness about career opportunities in the field to attract talent from non-EU countries and suggests exploring the potential for transatlantic cooperation; welcomes the recently launched Choose Europe for Science pilot scheme to attract top non-EU researchers, scientists and academics to Europe;

    34. Calls for the urgent completion of the capital markets union to attract institutional investors to the biotechnology and biomanufacturing industry, including venture capital, pension funds and private equity; underlines that the sector is characterised by high levels of risk and that reducing the cost of investment failure in the EU is necessary for attracting large-scale capital investment; calls for dedicated support to ensure that biotechnology and biomanufacturing SMEs, start-ups and scale-ups can access sufficient funding and compete globally; stresses that cross-border investment barriers must be reduced to facilitate investment in biotechnology and biomanufacturing scale-ups;

    35. Notes that public-private partnerships and mission-driven EU investment strategies, such as the Circular Bio-based Europe Joint Undertaking, are essential for de-risking biotechnology and biomanufacturing innovation and for increasing the likelihood that IP and industrial capacity remain in Europe; urges EU investment instruments, such as the InvestEU programme, to be strengthened to support biotechnology and biomanufacturing projects considered as high-risk from an investment perspective; underlines that the sector is characterised by a high concentration of SMEs, which face disproportionate barriers in accessing capital despite being critical drivers of innovation; supports the exploration of a biotechnology Important Project of Common European Interest to facilitate industrial deployment and first-mover investments in bio-based chemicals, materials, and products and solutions;

    36. Notes that public awareness of biotechnology and biomanufactured products in the EU should be further strengthened to boost public acceptance; recommends engaging with citizens and civil society organisations to communicate the characteristics, benefits and implications of the growing presence of biotechnology-based products and services in the European market;

    Future-proof research and innovation

    37. Regrets that European private investment in research, development and innovation is lagging behind other major economies and that the scale-up and commercialisation of research results remain a major challenge in Europe; highlights the fact that European and national public systems for R & D funding remain complex and insufficiently coordinated, resulting in duplications and inefficiencies; calls for an EU-wide approach to coordinating public investment in R & D for biotechnology and biomanufacturing, with the dual objective of closing excellence and innovation gaps and accelerating commercialisation; underlines the importance of strengthening European collaboration, pooling knowledge and resources, and leveraging public funding with private investment; recalls the key role of framework programmes such as Horizon Europe in fostering scientific excellence, innovation and technical development and calls for targeted investment in strategic biotechnology and biomanufacturing subfields, such as industrial, environmental, marine, health and agri-food biotechnology;

    38. Reiterates the call to double the EU’s research budget and to reach the target of 3 % of EU gross domestic product being devoted to R & D by 2030;

    39. Notes the growing role of synthetic biology, bioinformatics, data and game-changing AI-driven biotechnology and biomanufacturing research; calls on the Commission to integrate biotechnology and biomanufacturing innovation into the EU digital and AI strategies, ensuring interoperability between biotechnology and biomanufacturing data infrastructure and AI-driven discovery platforms; notes that AI capabilities are dependent on the efficient use of data; considers that the creation of industrial data spaces for biotechnology and biomanufacturing is important for efficient data sharing;

    40. Acknowledges that, while AI systems and quantum computing can significantly speed up research and lead to new innovations, enabling better computational designs of biological systems, they can also increase the risk of biological threats; underlines, therefore, the need to apply a risk-based approach to the use of AI in scientific research and manufacturing;

    41. Considers that the ethical use of AI, bioinformatics and synthetic biology is crucial for building trust and for society at large to benefit from these technologies; underlines the need to safeguard data privacy, data security, transparency and human oversight of the use of AI systems in the health biotechnology sector;

    42. Instructs its President to forward this resolution to the Council and the Commission.

    MIL OSI Europe News –

    July 2, 2025
  • MIL-OSI United Nations: Deputy Secretary-General’s Remarks at the Joint SDG Fund FfD4 Side session “Catalyzing Change: Unlocking Impactful Financing at Scale through the United Nations Joint SDG Fund” [as prepared for delivery]

    Source: United Nations secretary general

    Mr. Sergio Colina, Director General for Development Policies, Spain;
    H.E. Ms. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation of Egypt;
    H.E. Mr. Mthuli Ncube, Minister of Finance, Economic Development and Investment Promotion of Zimbabwe;
    Dear friends,
    I am delighted to join you today to showcase how the UN Joint SDG Fund is turning the FfD4 vision into a reality on the ground.
    Ten years into the implementation of the 2030 Agenda, we face a stark reality: while progress on the SDGs has delivered for millions, it has not kept pace with the scale of global challenges. The financing gap for the SDGs now exceeds $4 trillion annually, while multiple crises and shifting priorities threaten our collective ambition.
    Delivering on the vision of the 2030 Agenda requires finding and scaling-up innovative solutions.
    This is the purpose of the Joint SDG Fund. The Fund is an innovative and powerful instrument to drive change, break siloed approaches, and unlock financing at scale.
    Since its inception, the Fund has committed over US$380 million, enabling a whole-of-UN-system response to pressing challenges. This commitment has leveraged a further US$6.6 billion in contributions from the wider ecosystem of development partners at country level.
    This is a clear demonstration of how finite resources, applied strategically, can crowd-in far greater volumes of capital, and result in far greater impact, for the SDGs.
    The secret to the Fund’s success is its innovative approach to financing. Through blended and innovative finance mechanisms — from SDG bonds to energy financing facilities to credit enhancement guarantees — the Fund demonstrates how strategic risk-sharing can attract private capital for sustainable development, while bringing partners together to deliver solutions.
    Consider the following 5 examples:
    In Indonesia, the Joint SDG Fund supported green and social investments, mobilizing US$4.6 billion through specialized bonds that benefited over 7.5 million students and restored 50,000 hectares of mangrove forests.
    In Uruguay, the Renewable Energy Innovation Fund achieved a 1:6 leverage ratio by partnering with seven banks that together account for 80 percent of the country’s financial sector.
    Kenya’s innovative health financing reached over 1.5 million young people through results-based payment mechanisms working with impact investors.
    North Macedonia’s Green Finance Facility channels resources through six local banks, directing US$46.5 million toward environmental projects while supporting women-headed households, Roma communities, and persons with disabilities. This was achieved in partnership with the European Bank for Reconstruction and Development and others.
    And Zimbabwe’s Renewable Energy Fund showcases how partnerships with private equity funds, such as Old Mutual, can mobilize capital for women and youth-led enterprises in challenging markets.
    These are just a few powerful examples.
    The Fund’s success also stems from its unique positioning within the UN development system, leveraging UN Resident Coordinators’ convening role and UN Country Teams’ technical expertise.
    Fundamentally, the Fund represents multilateralism at its most effective – creating a collaborative platform extending beyond the UN system to enable and grow partnerships across the development and finance community.
    But delivering on the Fund’s full potential requires expanded partnership.
    I call on all Member States, development finance institutions, and private sector partners to deepen engagement with the Fund – not only through financial commitments but through strategic partnerships to keep pushing the boundaries of what is possible.
    Today, we will hear about success stories from Zimbabwe to North Macedonia, from Cabo Verde to Suriname. These prove that, with the right instruments and partnerships, we can turn global commitments into tangible local transformation.
    The FFD4 outcome document, the “Sevilla Commitment,” calls for a global SDG investment push.
    This is possible by elevating the role of governments in guiding strategic investments;
    By all development partners, including development banks, working as a system;
    By removing barriers to private capital;
    And by ensuring that investments from all partners are designed to deliver the greatest possible impact.
    The Fund stands ready to support and enable this important vision.
    With innovation, partnerships, and the catalytic financing that the Joint SDG Fund provides, sustainable development for all remains within our reach.
    Let’s get there together.
    Thank you.
     

    MIL OSI United Nations News –

    July 2, 2025
  • MIL-OSI Europe: The power of connections in developing countries

    Source: European Investment Bank

    PasarPolis’ chief executive officer, Cleosent Randing, says artificial intelligence has helped build efficient claims systems. LeapFrog

    LeapFrog has also invested in companies like PasarPolis and Goodlife Pharmacy to improve access to insurance and healthcare.

    Nur Fajar earns an income as a rideshare driver on his motorbike in Jakarta, just like his father did. He was introduced to PasarPolis through a friend and bought life insurance for himself and his father.

    When his father fell ill and passed away a few months later, Fajar was relieved to learn that he qualified for an insurance payment. Now, Fajar earns additional income as an insurance sales agent, encouraging others in his community to take out the simple policies.

    PasarPolis is the first company in Indonesia to offer a range of insurance products – vehicle, home and travel – through agreements with mobile apps. By working closely with companies such as Gojek, the e-commerce company Tokopedia and the technology firm Xiaomi, PasarPolis offers insurance products that cover a range of needs.

    Gojek is a ride-hailing app that operates across Southeast Asia, with over 2 million drivers in Indonesia alone, including Fajar. PasarPolis provides insurance to people who offer and take rides through Gojek.

    PasarPolis grew fast and now serves more than 80 million people, issuing over a billion policies. Its chief executive officer, Cleosent Randing, credits part of this success to artificial intelligence, which has helped build efficient claims systems.

    “Technology is the biggest enabler for us to really make insurance available for all, in terms of removing the friction,” Randing says, “in terms of creating products that are innovative or really making claims seamless.”

    In East Africa, Goodlife Pharmacy is making healthcare easier and more reliable for around two million people each year. With 145 stores across Kenya and Uganda, the company runs East Africa’s largest chain of pharmacies. These stores offer pharmaceuticals, diagnostics services and doctor consultations. “What makes us stand out is our customer service,” says Amaan Khalfan, Goodlife’s chief executive officer. “I think that’s the critical driver.”

    Lilian Kelly, a pharmacy technician at Goodlife, says that many people don’t understand their medication or how important it is to use it correctly. She ensures that people know how to take their medicine when they get home from a hospital or doctor’s visit.

    Kelly gives support in person and online. She fields questions and follows up with clients through WhatsApp, Facebook and Instagram. “It’s actually exciting,” she says, “being able to change someone’s life in that way.”

    MIL OSI Europe News –

    July 2, 2025
  • MIL-OSI Europe: REPORT on implementation and delivery of the Sustainable Development Goals in view of the 2025 High-Level Political Forum – A10-0125/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on implementation and delivery of the Sustainable Development Goals in view of the 2025 High-Level Political Forum

    (2025/2014(INI))

    The European Parliament,

    – having regard to Article 3(5) of the Treaty on European Union and Articles 13 and 208(1) of the Treaty on the Functioning of the European Union,

    – having regard to Decision (EU) 2022/591 of the European Parliament and of the Council of 6 April 2022 on a General Union Environment Action Programme to 2030[1],

    – having regard to the joint statement by the Council and the representatives of the governments of the Member States meeting within the Council, the European Parliament and the Commission of 30 June 2017 on the New European Consensus on Development – ‘Our world, our dignity, our future’[2],

    – having regard to its resolution of 8 September 2015 on the follow-up to the European Citizens’ Initiative Right2Water[3] and its resolution of 5 October 2022 on access to water as a human right – the external dimension[4],

    – having regard to its resolution of 28 November 2019 on the climate and environment emergency,[5]

    – having regard to its resolution of 9 June 2021 on the EU Biodiversity Strategy for 2030: Bringing nature back into our lives[6],

    – having regard to its resolution of 6 July 2022 on the EU action plan for the social economy[7],

    – having regard to the UN General Assembly resolution of 27 March 2023 entitled ‘Promoting the Social and Solidarity Economy for Sustainable Development’,

    – having regard to the resolution of the International Labour Organization concerning decent work and the care economy, adopted at the 112th International Labour Conference on 14 June 2024,

    – having regard to its resolution of 6 July 2022 on addressing food security in developing countries[8],

    – having regard to its resolution of 24 November 2022 on the future European Financial Architecture for Development[9],

    – having regard to its resolution of 14 March 2023 on Policy Coherence for Development[10],

    – having regard to its resolution of 23 June 2023 on the implementation and delivery of the Sustainable Development Goals (SDGs)[11],

    – having regard to its recommendation of 19 December 2024 to the Council concerning the EU priorities for the 69th session of the UN Commission on the Status of Women[12],

    – having regard to its resolution of 11 April 2024 on including the right to abortion in the EU Fundamental Rights Charter[13],

    – having regard to its resolution of 24 June 2021 on the situation of sexual and reproductive health and rights in the EU, in the frame of women’s health[14],

    – having regard to the Commission staff working document of 18 November 2020 entitled ‘Delivering on the UN’s Sustainable Development Goals – A comprehensive approach’ (SWD(2020)0400),

    – having regard to the Commission staff working document of 3 November 2021 entitled ‘Better Regulation Guidelines’ (SWD(2021)0305) and to the Better Regulation Toolbox of July 2023,

    – having regard to the integration of the SDGs into the better regulation framework, including the Commission communication of 29 April 2021 entitled ‘Better regulation: Joining forces to make better laws’ (COM(2021)0219),

    – having regard to the Council conclusions of 26 May 2015 on poverty eradication and sustainable development after 2015,

    – having regard to the Council conclusions of 24 October 2019 on the Economy of Wellbeing[15] and the Council conclusions of 24 June 2024 on EU priorities at the United Nations during the 79th session of the United Nations General Assembly, September 2024 – September 2025,

    – having regard to the Council conclusions of 22 June 2021 entitled ‘A comprehensive approach to accelerate the implementation of the UN 2030 Agenda for sustainable development – Building back better from the COVID-19 crisis’,

    – having regard to the Council recommendation of 16 June 2022 on Learning for the Green transition and sustainable development,

    – having regard to the Council conclusions of 21 June 2022 entitled ‘The transformative role of education for sustainable development and global citizenship as an instrumental tool for the achievement of the sustainable development goals (SDGs)’,

    – having regard to the Council conclusion of 24 June 2024 on EU development aid targets,

    – having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

    – having regard to the Commission communication of 11 March 2020 entitled ‘A new Circular Economy Action Plan – For a cleaner and more competitive Europe’ (COM(2020)0098),

    – having regard to the Commission communication of 12 May 2021 entitled ‘Pathway to a Healthy Planet for All – EU Action Plan: Towards Zero Pollution for Air, Water and Soil’ (COM(2021)0400) and its annexes,

    – having regard to the report of the European Environment Agency and the Commission’s Joint Research Centre of 3 March 2025 entitled ‘Zero pollution monitoring and outlook 2025’,

    – having regard to the Commission communication of 23 February 2022 on decent work worldwide for a global just transition and sustainable recovery (COM(2022)0066),

    – having regard to the Commission communication of 12 March 2024 entitled ‘Managing climate risks – protecting people and prosperity’ (COM(2024)0091),

    – having regard to the Commission communication of 26 February 2025 entitled ‘The Clean Industrial Deal: A joint roadmap for competitiveness and decarbonisation’ (COM(2025)0085),

    – having regard to the Commission communication of 7 March 2025 entitled ‘A Roadmap for Women’s Rights’ (COM(2025)0097),

    – having regard to the mission letters from Commission President Ursula von der Leyen to the 26 European Commissioners,

    – having regard to the European Environment Agency report of 4 December 2019 entitled ‘The European environment – state and outlook 2020: Knowledge for transition to a sustainable Europe’,

    – having regard to the EU Global Health Strategy,

    – having regard to the EU Gender Action Plan III (GAP III),

    – having regard to the EU Biodiversity Strategy for 2030,

    – having regard to the European care strategy,

    – having regard to the EU’s first voluntary review of SDG implementation, presented to the United Nations on 19 July 2023,

    – having regard to Eurostat’s 2024 monitoring report on progress towards the SDGs in an EU context, published on 18 June 2024,

    – having regard to the opinions of the European Economic and Social Committee of 19 September 2018 entitled ‘Indicators better suited to evaluate the SDGs – the civil society contribution’, of 30 October 2019 entitled ‘Leaving no one behind when implementing the 2030 Sustainable Development Agenda’, and of 8 December 2021 entitled ‘Renewed sustainable finance strategy’,

    – having regard to UN Resolution 70/1 entitled ‘Transforming our World – the 2030 Agenda for Sustainable Development’ (2030 Agenda), adopted at the UN Sustainable Development Summit on 25 September 2015 in New York and establishing the SDGs,

    – having regard to the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW) for Youth,

    – having regard to the UN Convention on Biological Diversity (UNCBD) and the Kunming-Montreal Global Biodiversity Framework, agreed at the 15th meeting of the Conference of Parties to the UNCBD,

    – having regard to the United Nations Convention on the Rights of Persons with Disabilities (CRPD) and the EU Strategy on the Rights of Persons with Disabilities 2021-2030,

    – having regard to the Sendai Framework for Disaster Risk Reduction 2015-2030, adopted by UN member states at the Third UN World Conference on Disaster Risk Reduction on 18 March 2015,

    – having regard to the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement adopted at the 21st Conference of the Parties to the UNFCCC (COP21) in Paris on 12 December 2015,

    – having regard to the United Nations Decade of Ocean Science for Sustainable Development (2021–2030),

    – having regard to the Buenos Aires Commitment, which charts a path forward on a care society, adopted at the 15th Regional Conference on Women in Latin America and the Caribbean, which was organised by the Economic Commission for Latin America and the Caribbean, the Regional Office for the Americas and the Caribbean of the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women) and the Government of Argentina and held in Buenos Aires from 7 to 11 November 2022,

    – having regard to the 2024 joint report entitled ‘Are we getting there? A synthesis of the UN system evaluations of SDG 5’, published by UN Women, the UN Development Programme, the UN Population Fund, the UN Children’s Fund and the World Food Programme,

    – having regard to the agreement under the United Nations Convention on the Law of the Sea on the conservation and sustainable use of marine biological diversity of areas beyond national jurisdiction (BBNJ) of 4 March 2023 (UN High Seas Treaty),

    – having regard to the Declaration on the Elimination of Violence against Women,

    – having regard to the Gender Equality Index 2024 of the European Institute for Gender Equality,

    – having regard to the Beijing Platform for Action and the outcomes of its review conferences,

    – having regard to UN Human Rights Council resolution 48/13, adopted on 8 October 2021, and UN General Assembly resolution 76/300, adopted on 28 July 2022, on the human right to a clean, healthy and sustainable environment and to Parliamentary Assembly of the Council of Europe resolution 2545 (2024), adopted on 18 April 2024, on mainstreaming the human right to a safe, clean, healthy and sustainable environment with the Reykjavik process,

    – having regard to the United Nations Environment Assembly (UNEA) resolution ‘5/10. The environmental dimension of a sustainable, resilient and inclusive post-COVID-19 recovery’, adopted on 2 March 2022,

    – having regard to the UN Global Sustainable Development Report 2019, entitled ‘The Future is Now: Science for Achieving Sustainable Development’,

    – having regard to the UN Secretary-General’s report entitled ‘Our Common Agenda’, presented to the UN General Assembly, and to the mandate that UN General Assembly Resolution 76/6 of 15 November 2021 gave the UN Secretary-General to follow up on his report,

    – having regard to the UN Sustainable Development Report 2021, entitled ‘The Decade of Action for the Sustainable Development Goals’, and the UN Sustainable Development Report 2022, entitled ‘From Crisis to Sustainable Development: the SDGs as Roadmap to 2030 and Beyond’,

    – having regard to the UN Sustainable Development Goals Report 2024,

    – having regard to the 2018 Intergovernmental Panel on Climate Change (IPCC) special report on global warming of 1.5 ºC, its special report on climate change and land, its special report on the ocean and cryosphere in a changing climate and its sixth assessment report (AR6),

    – having regard to the global assessment report of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) of 25 November 2019 on biodiversity and ecosystem services, and its latest nexus and transformative change assessment reports,

    – having regard to the United Nations Environment Programme (UNEP) report of 18 February 2021 entitled ‘Making Peace with Nature: a scientific blueprint to tackle the climate, biodiversity and pollution emergencies’,

    – having regard to the UN Department of Economic and Social Affairs’ publication of January 2022 entitled ‘SDG Good Practices: A compilation of success stories and lessons learned in SDG implementation – Second Edition’,

    – having regard to the Organisation for Economic Co-operation and Development (OECD) report of 10 November 2022 entitled ‘Global Outlook on Financing for Sustainable Development 2023: No Sustainability Without Equity’,

    – having regard to the Human Development Report 2023/24 entitled ‘Breaking the Gridlock: Reimagining cooperation in a polarized world’,

    – having regard to the report of the UN Inter-agency Task Force on Financing for Development of April 2024, entitled ‘Financing for Sustainable Development Report 2024: Financing for Development at a Crossroads’,

    – having regard to the initiative by the UN Secretary-General ‘SDG Stimulus to Deliver Agenda 2030’ of February 2023,

    – having regard to the Bridgetown Initiative launched on 23 September 2022,

    – having regard to the One Health Initiative of the World Health Organization (WHO) and the One Health Joint Action Plan (2022-2026) of the WHO, the UN Food and Agriculture Organization (FAO), the World Organisation for Animal Health, and the UNEP,

    – having regard to the WHO’s 2024 progress report on the Global Action Plan for Healthy Lives and Well-being for All,

    – having regard to the Spotlight Initiative to eliminate violence against women and girls,

    – having regard to the FAO’s Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Food Security and Poverty Eradication,

    – having regard to the Summit for a New Global Financial Pact which took place in Paris in June 2023,

    – having regard to the 2023 SDG Summit which took place in September 2023, during the United Nations General Assembly high-level week,

    – having regard to the Summit of the Future which took place on 22 and 23 September 2024 in New York, its outcome, the Pact for the Future, which pledges 56 actions to accelerate and finance sustainable development, and its two annexes, the Global Digital Compact and the Declaration on Future Generations,

    – having regard to the 4th International Conference on Financing for Development that will take place in Seville, Spain, from 30 June to 3 July 2025,

    – having regard to the Sustainable Development Solutions Network report of January 2025 entitled ‘Europe Sustainable Development Report 2025: SDG Priorities for the New EU Leadership’,

    – having regard to the ‘SDG Acceleration Actions’ online database,

    – having regard to the existing national and regional initiatives that encourage the fulfilment of the Sustainable Development Goals,

    – having regard to Rule 55 of its Rules of Procedure,

    – having regard to the joint deliberations of the Committee on Development and the Committee on the Environment, Climate and Food Safety under Rule 59 of the Rules of Procedure,

    – having regard to the report of the Committee on Development and the Committee on the Environment, Climate and Food Safety (A10-0125/2025),

    A. whereas the 2030 Agenda and the 17 integrated SDGs, including their 169 targets and 247 indicators, represent the only globally shared and politically agreed framework for evidence-based policies to address common challenges and achieve sustainable development in its three dimensions – economic, social and environmental – in a balanced and integrated manner;

    B. whereas UN member states have committed to achieving the SDGs by 2030; whereas only 17 % of SDG targets are on track, nearly half are showing minimal or moderate progress, and progress on over a third has stalled or even regressed below 2015 baseline levels; whereas the important steps already made in crucial fields highlight the need for urgent action to reverse this alarming trend and should act as an incentive to implement the SDGs in full;

    C. whereas the implementation of the 2030 Agenda implies that economic development goes hand in hand with social justice, good governance and respect for human rights; whereas the consequences of the COVID-19 pandemic, the new geopolitical landscape, escalating conflicts, geopolitical tensions, the transgression of planetary boundaries, increasing dependencies on raw materials and critical minerals, the negative effects of climate change and biodiversity loss, and multiple crises in various areas are severely affecting progress towards the achievement of the SDGs;

    D. whereas the number of additional people in extreme poverty in the world’s poorest countries is estimated to reach 175 million by 2030, including 89 million women and girls[16]; whereas people with disabilities are more vulnerable to poverty due to reduced employment and education opportunities, lower wages and higher living costs; whereas further collective action is urgently needed to respond to poverty;

    E. whereas the SDGs, being universal and indivisible, are applicable to all actors, including civil society and social partners, and to both the public and private sectors; whereas these actors should be systematically involved in devising and implementing policies related to the SDGs; whereas the commitment of the private sector to the SDGs offers the possibility of increasing the scale of development actions and their sustainability by creating jobs, stimulating economic growth and eliminating poverty;

    F. whereas the EU has underlined its unequivocal commitment to the 2030 Agenda and its SDGs; whereas progress towards achieving SDG targets is uneven across European countries and many dimensions of sustainable development have not shown significant progress in the past decade, with increasing levels of poverty and an increasing level of inequality between and within countries being a threat to sustainable development; whereas the latest progress monitoring report of the 8th Environment Action Programme shows that for a majority of the indicators the EU is not on track to meet the targets[17]; whereas the Commission has acknowledged that more progress is needed on many SDGs at EU level, and that accelerating the SDGs’ implementation is more urgent than ever, with a particular focus on vulnerable people;

    G. whereas the Commission has not yet devised an overarching strategy for the implementation of the 2030 Agenda at EU level or a financing plan for the SDGs; whereas Commission has committed to taking a ‘whole-of-government’ approach to SDG implementation and its work programme should foster the realisation of the 2030 Agenda; whereas the EU should set a good example for ensuring the prosperity for present and future generations globally;

    H. whereas the 2025 High-Level Political Forum (HLPF) will be convened from 14 to 23 July 2025 under the auspices of the Economic and Social Council; whereas the 2025 HLPF will focus on advancing sustainable, inclusive, science- and evidence-based solutions for the 2030 Agenda and its SDGs, aiming to leave no one behind; whereas it will conduct in-depth reviews of SDG 3 (Ensure healthy lives and promote well-being for all at all ages), SDG 5 (Achieve gender equality and empower all women and girls), SDG 8 (Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all), SDG 14 (Conserve and sustainably use the oceans, seas and marine resources); and SDG 17 (Revitalize the global partnership for sustainable development);

    I. whereas health is an indispensable foundation for peoples’ well-being; whereas health is a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity[18]; whereas the COVID-19 pandemic alone has eliminated a decade of progress in global levels of life expectancy[19]; whereas non-communicable diseases (NCDs), including cardiovascular disease, cancer, diabetes, dementia and chronic respiratory disease, are the world’s leading causes of death; whereas road safety is also a cause for concern;

    J. whereas air pollution constitutes a major factor for non-communicable diseases and is responsible for almost 7 million deaths globally, with more than nine out of ten deaths occurring in lower- and middle-income countries; whereas at EU level, air pollution remains the largest environmental health risk, despite the progress made, causing hundreds of thousands of premature deaths every year;

    K. whereas gender equality is crucial for fair, inclusive and sustainable development; whereas, despite some steps forward, significant inequalities continue to persist; whereas reinforcing women’s rights, empowering women and girls, challenging biased social norms, eliminating harmful practices and tackling discrimination are necessary to promote SDG 5;

    L. whereas protection of labour rights is declining and income inequality is rising; whereas the global jobs gap reached 402 million in 2024, while extreme forms of working poverty affect 240 million workers globally[20]; whereas women and young people experience higher unemployment rates; whereas more than one in five young people are not in education, employment or training[21];

    M. whereas the ocean covers more than 70 % of the surface of our planet and constitutes its largest ecosystem; whereas the ocean plays a critical role as a climate regulator, enables economic activity and provides livelihoods for more than 3 billion people; whereas the ocean constitutes the world’s greatest ally against climate change as it generates 50 % of the world’s oxygen, absorbs 25 % of all carbon dioxide emissions and captures 90 % of the excess heat generated by these emissions but its absorption capacity is decreasing; whereas 40 % of the ocean is heavily affected by pollution, depletion of fisheries, loss of coastal habitats and other human activities; whereas the UN Secretary-General declared an ‘ocean emergency’ during the 2022 UN Ocean Conference; whereas an inclusive ocean governance should, among others, be human-rights-based and socially equitable, and enhance gender equality;

    N. whereas there is currently a USD 4 trillion annual investment gap to achieve the SDGs; whereas foreign direct investment flows to developing countries have decreased while gains in remittances and official development assistance (ODA) have been modest[22];

    O. whereas the lack of financing is a major barrier in achieving gender equality outcomes; whereas gender equality is fundamental to delivering on the promises of sustainability, prosperity, social justice, peace and human progress; whereas meaningful and sustained financial commitments and strengthen budgeting processes are fundamental to support the implementation of legislation, policies and gender responsive services to advance gender equality across all SDG 5 targets[23];

    P. whereas, after a decade of rapid debt accumulation, the debt levels of low-, middle- and high-income countries remain at unprecedentedly high levels, limiting their capacity to invest in achieving the SDGs and in efficiently tackling climate challenges; whereas about 60 % of low-income countries are at high risk of or are already experiencing debt distress[24]; whereas the existing fiscal space in heavily indebted developing countries is further reduced by external shocks, such as natural disasters, different aspects of debt management, higher borrowing costs and the absence of a conducive international environment for domestic resource mobilisation;

    Q. whereas illicit financial flows, tax base erosion, profit shifting and corruption have led to a global decline in revenues and represent another important obstacle to sustainable development; whereas further international tax cooperation and rules are needed to address these challenges;

    R. whereas the EU and its Member States constitute the largest donor for developing countries, providing approximately 42 % of the total ODA; whereas the EU has set the target of collectively providing ODA equivalent to 0.7 % of its gross national income (GNI); whereas the collective ODA of the EU stood at 0.57 % of GNI in 2023 with only four Member States meeting the agreed target and several others making historic cuts to their ODA; whereas in order to reach the agreed target, the EU budget for ODA should amount to an estimated minimum of EUR 200 billion over the next multiannual financial framework; whereas the Global Gateway is a strategic instrument and has the potential to advance a range of interconnected SDGs, notably through international partnerships and investments in transport, energy, digital infrastructure, health and education;

    S. whereas the EU’s political commitment to policy coherence for development was reaffirmed in the 2017 New European Consensus on Development, which identified policy coherence for development as a ‘crucial element of the EU strategy to achieve the SDGs and an important contribution to the broader objective of policy coherence for sustainable development (PCSD)’; whereas PCSD is an approach that integrates the economic, social and environmental dimensions of sustainable development at all stages of domestic and international policymaking;

    T. whereas the new US administration has taken a number of deeply worrisome and damaging decisions in the field of international development and humanitarian aid, most significantly the suspension of 83 % of funding for programmes of the US Agency for International Development (USAID); whereas it is estimated that USD 54 billion in foreign aid contracts are affected; whereas the suspension of USAID funding and global aid cuts by several Member States will have long-term implications for the world’s development agenda and the achievement of the SDGs;

    State of play

    1. Reaffirms its strong and unwavering commitment to ensuring the full and prompt implementation and delivery of all the SDGs, their targets and the 2030 Agenda as a whole, especially in the light of the deteriorating geopolitical, social, economic and environmental landscape; reaffirms its strong commitment to the Pact for the Future, which is a crucial step towards revitalising the UN and achieving the SDGs;

    2. Regrets that the global community is severely off track with regard to realising the 2030 Agenda and achieving SDG targets; recognises the interconnectedness and interdependence of the 17 SDGs and acknowledges that the achievement of the 2030 Agenda and beyond will require broad and accelerated action across all SDGs; underlines that the scarring effects of the COVID-19 pandemic, escalating conflicts, geopolitical tensions, social, health and humanitarian emergencies and the accelerating negative effects of climate change constitute significant obstacles for the achievement of the SDG targets and that more efforts by all actors are needed to match real needs;

    3. Recognises that the delay in achieving the SDGs is aggravated by the significant progress gap among different groups of countries, particularly in the poorest and most vulnerable countries and regions; highlights that the current unequal progress is being exacerbated by the suspension of USAID funding and by cuts to global aid budgets by EU Member States and other OECD countries; stresses the need to maintain a strong focus on development cooperation in order to place the world on course to achieve the SDGs;

    4. Underlines that relevant policies for achieving the SDGs in low- and middle-income countries are to a large extent reduced by high debt levels and high debt service burdens; points also to the limitations of the global financial architecture and insufficient international support; stresses that these countries urgently require more financial resources and fiscal space to facilitate far greater investment in the SDGs; emphasises the need for global cooperation to reform the global financial architecture, especially in view of the 4th International Conference on Financing for Development held in Seville from 30 June to 3 July 2025;

    5. Stresses the urgent need for international cooperation and decisive transformative action to place our societies and economies firmly on course to achieve the SDGs and address the triple planetary crisis of climate change, biodiversity loss and pollution; highlights that the SDGs should be achieved in a just way and with respect for planetary boundaries; emphasises that social sustainability, including reducing global inequalities, ensuring access to essential services and promoting social inclusion, should be mainstreamed across all SDG implementation efforts;

    6. Welcomes, as a first step, the latest version of the Bridgetown Initiative in terms of climate action, which calls for the mobilisation of an additional USD 500 billion per year for climate change mitigation and adaptation in developing countries; recalls, however, that it still falls short of what is required; urges the EU and its Member States, accordingly, to work towards providing an additional USD 1.3 trillion per year for climate change mitigation and adaptation as well as loss and damage, through public concessional and non-debt creating instruments, in line with the Baku to Belem Roadmap agreed at COP 29;

    7. Reiterates that international cooperation is a fundamental condition for the world to make progress on the SDGs by 2030 and beyond and that such cooperation should prioritise strengthening the resilience, stability and autonomy of partner countries, especially in Africa, by promoting opportunities for economic and human development and refocusing on key priorities such as nutrition, healthcare and education; highlights that, despite the difficulties posed by the current geopolitical situation, special attention should be given to regions and communities that are furthest off-track, to ensure that no one is left behind; warns that the consequences of inaction or further delay would primarily be borne by the most vulnerable but would also detrimentally affect the world as a whole;

    8. Underlines the importance of uninterrupted access to high-quality climate and environmental data and the fulfilment of international reporting obligations for science- and evidence-based policymaking; notes with concern that recent geopolitical developments highlight vulnerabilities in the global climate infrastructure; highlights, moreover, the need for stronger collaboration between EU and global institutions, the IPCC and the UN to ensure that both EU and global policies remain grounded in the latest climate science;

    9. Recognises the importance of country-led sustainable development strategies for the implementation of the SDGs; acknowledges that sustainable development approaches should be tailored to specific local contexts; highlights, in this regard, the significant role of local and regional authorities in defining, implementing and monitoring local actions and strategies that contribute to the global achievement of the SDGs; stresses, moreover, that the effective implementation of the SDGs requires the involvement of a wide range of stakeholders, stronger social and institutional partnerships, public and private investment, cooperation and shared responsibility between public actors, greater involvement of the people, adequate education and broader interaction between the public and private sectors, science and civil society;

    10. Highlights that EU leadership in the global implementation of the SDGs remains crucial, especially in the light of multiple geopolitical challenges and ongoing crises; emphasises that the EU and its Member States should assume a stronger leadership role in coordinating global efforts to reverse stagnation or regression, and to facilitate and accelerate the achievement of the SDGs, while remaining a reliable partner for effective and sustainable aid; stresses the important role of the European Green Deal in implementing and achieving the SDGs;

    11. Highlights the need to mobilise adequate financial resources towards SDG-relevant transformations and to promote policy coherence and inclusiveness at all levels of governance, prioritising the inclusion of the SDGs in policymaking and Commission impact assessments;

    12. Calls on the EU institutions to live up to their long-standing commitments to apply gender mainstreaming and an intersectional perspective to all EU policies and funding; regrets that countries still lack 44 % of data needed to track SGD 5 and that over 80 % of countries are missing data on at least one SDG 5 target[25]; therefore, stresses the need to strengthen national statistical offices, and improve their global coordination and cooperation to ensure informed policymaking and close the remaining gender data gaps;

    13. Highlights the significant role of the UN and the annual HLPF for the monitoring and review of the implementation of the 2030 Agenda and the SDGs; believes that the 2025 HLPF should be used as an opportunity to provide high-level political guidance and new impetus to intensified efforts and accelerated action to achieve the SDGs by 2030;

    SDGs under in-depth review at the 2025 HLPF

    SDG 3. Ensure healthy lives and promote well-being for all at all ages

    14. Regrets the marginal or moderate progress in most SDG 3 targets and the slowing pace since 2015 in multiple key areas; notes with concern that less than 10 % of SDG 3 targets are on track and less than one third are likely to be met by 2030; is highly concerned that the EU has also experienced setbacks in about half of the indicators analysed by Eurostat for its June 2024 report

    15. Is alarmed that progress towards universal health coverage has slowed, leaving almost half of the world’s population without access to essential health services; is highly concerned that the lack of health coverage exposes 2 billion people to financial hardship from healthcare costs[26];

    16. Underlines that healthcare systems are experiencing increased strains due to the ageing global population, low-quality healthcare infrastructure and the global shortage of healthcare workers and recalls that progressing towards universal health coverage requires addressing these challenges; underlines the significant disparities around the globe regarding the adequate number of healthcare workers, with low-income countries experiencing the lowest density and distribution; notes that an additional 1.8 million healthcare workers are needed in 54 countries, mostly high-income ones, just to maintain their current age-standardised density[27]; highlights the vulnerability of healthcare workers confronted with increased workloads, burnout and mental health issues; recommends targeted support, training, and protective measures to safeguard frontline professionals and strengthen emergency health response capacity;

    17. Stresses that multiple and interlocking crises, the negative impact of climate change and biodiversity loss on health, economic instability, poverty, persistent inequalities, especially among vulnerable populations and regions, and increasingly constrained resources, despite the increasing demands on health services, threaten to worsen the health crisis, undermine global health security and further derail progress towards SDG 3 targets;

    18. Regrets the devastating effect of the COVID-19 pandemic on global health and on progress towards SDG 3 targets; stresses that the COVID-19 pandemic has revealed extensive long-lasting weaknesses in healthcare systems and has highlighted the importance of increasing crisis preparedness, crisis response capacity and healthcare systems resilience; stresses that health threats know no borders and that a local health emergency can quickly escalate into a global pandemic, necessitating a coordinated global response and strengthened international cooperation through robust multilateral health institutions, in particular the WHO;

    19. Deeply regrets the US decision to withdraw from the WHO and the dismantling of health programmes under USAID; underlines that this decision will have a severe effect on people’s lives and access to health services globally, exposing and exacerbating weaknesses in global health systems, increasing healthcare disparities and straining resources with long-term consequences for global health security and resilience; stresses that this withdrawal will significantly hinder progress towards achieving SDG 3 by reducing capacities for monitoring health threats, as well as international coordination, resources and leadership in addressing health crises and promoting equitable access to health for all; calls on the US to reconsider its decision to withdraw from the WHO;

    20. Recognises that efforts to combat communicable diseases such as HIV-AIDS, tuberculosis, malaria and neglected tropical diseases have led to significant progress in the past decades; is concerned, however, about the increased numbers of cases of malaria and tuberculosis and about the fact that, despite the achievements, inequalities continue to persist and threats continue to emerge, leaving many populations vulnerable and weakening global efforts; deeply regrets that the disruption of HIV-AIDS programmes could undo 20 years of progress, which could lead to over 10 million additional HIV-AIDS cases and 3 million deaths[28]; calls for more effective implementation of policies and programmes to further reduce transmission rates and improve access to treatment and prevention, particularly in less developed countries;

    21. Notes that neglected tropical diseases continue to affect billions of people, with many countries lacking adequate access to treatment, which highlights the urgent need to strengthen the prevention, preparation and response capacities of the EU and its partners, particularly in the Global South, to ensure that the benefits of global efforts reach everyone; calls for incentives to promote research and development on medicines targeting tropical diseases; calls for the EU to take proactive measures to encourage innovation and accelerate drug availability;

    22. Notes with concern that, despite the improvement in skilled birth attendance and the decrease in global neonatal mortality and under-five mortality rates, the global maternal mortality rate remains almost unchanged since 2015; points to the significant divergences between low-income and high-income countries and the grim situation in high and very high alert fragile countries; calls for decisive action across Member States and as part of the EU’s external policies to make substantial progress towards the 2030 goal to reduce maternal mortality, ensure universal access to sexual and reproductive healthcare services, including access to quality maternal healthcare services, skilled birth attendance, emergency obstetric care, comprehensive antenatal and postnatal services, family planning and legal abortions;

    23. Highlights that improvements in reducing adolescent birth rates and in access to modern contraceptive methods do not benefit all women and girls equally; points to the persisting social, economic and regional inequalities hindering the broadening of positive trends; calls for the EU to ensure, as a priority, access to safe and effective contraception methods and to legal abortion services across Member States and to contribute to the same through its external policies; reiterates its call for the right to safe and legal abortion to be included in the EU Charter of Fundamental Rights;

    24. Recalls that the full realisation of sexual and reproductive health and rights (SRHR) and upholding women’s and girls’ bodily autonomy is critical to achieving gender equality; highlights that SRHR are an integral part of the universal health coverage and are critical to achieving SDG 3, particularly target 3.7; calls on the Commission to ensure that SRHR are included in EU initiatives and programmes on universal health coverage;

    25. Regrets that progress towards the nine global voluntary targets agreed to in the NCD Global Monitoring Framework is slow and uneven; stresses that without increased uptake of these effective interventions, half of all countries will miss the 2030 SDG target to reduce NCD-related premature mortality by one third; calls, therefore, for strengthened, coordinated, and multi-sectoral actions to prevent and control NCDs to reduce suffering and prevent premature mortality; calls, moreover, for the implementation of the WHO’s ‘best buys’ policies to be prioritised, to address the primary risk factors of NCDs, including tobacco use, unhealthy diets, harmful use of alcohol, drug use and physical inactivity; calls, in addition, for the full implementation of the WHO Framework Convention on Tobacco Control in all signatory countries;

    26. Calls on the Commission to fully align EU air quality standards with the WHO guidelines in line with the Ambient Air Quality Directive[29]; recalls that sustainable cities and communities, and in particular tackling air pollution levels in urban areas, are key to promoting health and well-being, since over half of the world’s population currently resides in cities;

    27. Calls for enhanced, coordinated and holistic action, multiannual and tailor-made planning and substantial investment to achieve universal health coverage; stresses the need to strengthen health systems and the healthcare workforce, ensure equitable access to quality healthcare services and safe, effective and affordable medicines and vaccines, promote disease prevention and treatment, develop innovative solutions, and build inclusive and resilient health systems; calls also for action to tackle aggravating environmental factors, reduce the number of illnesses and deaths from hazardous chemicals and pollution, reduce the risks from emerging and re-emerging zoonotic epidemics and pandemics, and combat antimicrobial resistance; underlines the need to support social and solidarity healthcare organisations and address social determinants of health and disparities in access to quality care and services, including sexual and reproductive health services, especially for vulnerable populations such as women and girls with disabilities, with particular attention to directly affected regions and rural and remote communities;

    28. Stresses the need for horizontal programming in health policy and for investment in preparedness against health threats and in resilient public health systems; calls for increased investment in research and development on vaccines and medicines for the communicable and non- communicable diseases that primarily affect developing countries with a view to providing access to affordable essential medicines and vaccines; regrets that in 2022, 20.5 million children missed out on life-saving vaccines[30]; notes that access to vaccines must be equitable for an effective global response; calls for the use of initiatives such as the Global Gateway to facilitate investment for the local production of medicines and medical technologies and to prevent future health emergencies by strengthening capacities around the world;

    29. Reaffirms its commitment to the One Health approach; considers that applying the One Health approach is key to achieving progress on SDG 3; underlines, moreover, the need for the Commission and the Member States to fully implement the EU global health strategy, monitoring its implementation and regularly reporting to Parliament on the achievement of its objectives;

    30. Recalls that access to affordable and quality medicines depends also on technology and knowledge transfer; underlines, therefore, the flexibilities in the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), confirmed by the Doha Declaration, as legitimate policy measures that governments can use to protect and promote public health by putting limits and safeguards on the enforcement of intellectual property rights; urges the EU to ensure that trade agreements with developing countries are fully supportive of this objective;

    31. Underlines that environmental risks account for a quarter of the disease burden worldwide[31]; recalls that, in line with the One Health approach, human and animal health depend on planetary health and that a healthy environment is a universal human right and a fundamental pillar of sustainable development and human well-being; welcomes the wide support at the UN General Assembly for the recognition of the right to a clean, healthy and sustainable environment as a universal human right[32] and calls for its effective protection at EU level; stresses the need to ban the most hazardous chemicals, including banning endocrine disruptors, and to phase out the PFAS forever chemicals, allowing their use only where essential for critical sectors, such as medical devices, pharmaceuticals and products necessary for the twin transition to a climate neutral and digital economy; stresses the need to also ban exports of chemical pesticides that are banned in the EU to third countries;

    32. Highlights the rising health risks due to the climate crisis, including increased incidences of heat-related illnesses, respiratory and cardiovascular diseases, and the spread of vector- and water-borne diseases; calls for dedicated efforts to protect vulnerable populations, including older persons, children, people with pre-existing conditions, persons with disabilities, and low-income communities, which face disproportionate climate-related health risks; urges for the implementation of localised heat action plans and the provision of accessible shelters and targeted outreach during extreme weather events;

    33. Stresses, moreover, that extreme weather events are disrupting healthcare infrastructure, energy supply, and supply chains, thereby compromising access to critical medical care and treatment; underscores the need to invest in climate-resilient healthcare systems, including disaster-proof infrastructure, renewable energy sources in medical facilities, and robust water and sanitation systems; calls for the integration of early warning systems, mobile health units, and decentralised community-based healthcare models to ensure continuity of care in climate emergencies; calls on the Commission and the Member States to integrate climate resilience into all public health policies and national health strategies; encourages the use of SDG-aligned indicators to monitor the health impacts of climate change and to guide EU and national-level adaptation strategies;

    SDG 5. Achieve gender equality and empower all women and girls

    34. Expresses grave concern about the slow progress towards gender equality, with a majority of the indicators being off track, risking further backsliding on gender equality and women’s rights, including actions that shrink the civic space for women rights defenders; considers that development aid cuts are already having a negative impact on women’s empowerment and gender equality; reaffirms gender equality as both a distinct goal and a catalyst for the advancement of the other SDG goals; calls for strong EU leadership internationally in the promotion of gender equality and women’s rights through policy and financial assistance;

    35. Calls for accelerated, targeted action to end all forms of violence and harassment against women and girls, including sexual and gender-based violence and technology-facilitated gender-based violence, and to end harmful practices such as child, early and forced marriage, so-called ‘honour’ based violence, sterilisation and female genital mutilation; recalls that over 230 million girls and women have undergone female genital mutilation[33] and deplores the fact that new estimates show an increase of 30 million cases compared to 2016[34]; remains gravely concerned about the high worldwide rates of maternal mortality, in particular in low and middle-income countries; stresses that rape remains one of the most widespread human rights violations and calls for the establishment of a common definition of rape on the basis of lack of consent; stresses that the objectives of SDG 5 must also play an important role in the EU’s relations with other countries;

    36. Stresses that women are disproportionately affected by climate change, particularly in least developed countries and rural areas; underlines that this disproportionate impact poses unique threats to their livelihoods, health and safety, including increased food and water insecurity, heightened exposure to gender-based violence in the context of climate-related displacement and migration, and greater economic instability owing to a reliance on climate-sensitive sectors; stresses that four out of five of those displaced due to the climate crisis are women and girls[35]; calls for climate action plans to include support for women and for women’s participation in climate decision-making at all levels; calls for strengthened healthcare systems to address climate-related diseases affecting women and for the promotion of education on climate adaptation; calls on the Commission and the Member States to integrate climate resilience into all public health policies and national health strategies; encourages the use of SDG-aligned indicators to monitor the health impacts of climate change and to guide EU and national-level adaptation strategies and looks forward to the new gender action plan under the UNFCCC; calls on the Commission and the Member States to provide leadership for the adoption of a new ambitious and effective gender action plan at COP30;

    37. Regrets that women’s sexual and reproductive rights remain limited globally, and stresses the importance of addressing the barriers that hinder women’s ability to make decisions about contraception, healthcare access and sexual consent, recognising that socio-economic factors, education and geographical location significantly influence women’s ability to exercise these rights; recalls the EU’s commitment to the promotion, protection and fulfilment of the right of every individual to have full control over and decide freely and responsibly on matters related to their sexuality and sexual and reproductive rights, free from discrimination, coercion and violence; warns that targets set by SDG 5 will not be achieved if universal access to sexual and reproductive health and reproductive rights is not guaranteed in the EU and globally and calls on the EU to prioritise this question in policy and funding, and enshrine the right to legal and safe abortion in the EU Charter of Fundamental Rights; reiterates that all women must have access to sexual and reproductive healthcare services, including for family planning, information and education, and calls for the integration of reproductive health into national strategies and programmes; calls for increased investment in these areas to ensure access to comprehensive and non-discriminatory services;

    38. Calls for the continuation of funding for programmes focusing on promoting women’s rights, empowerment and autonomy and fighting against all forms of gender-based violence; calls on the Commission to ensure that 85 % of all new external actions incorporate gender as a significant or principal objective and that 20 % of ODA in each country is allocated to programmes with gender equality as one of their principal objectives; calls, furthermore, on the Commission to ensure the systematic implementation of rigorous gender analyses, gender disaggregated data collection, gender-responsive budgeting and gender impact assessments;

    39. Regrets that assistance from OECD Development Assistance Committee donors for gender equality dropped in 2022, marking the first decline after a decade of growth[36]; notes that only 4 % of allocable ODA focused on gender equality as its principal objective[37]; stresses the need to mobilise new resources to resume progress towards gender equality; regrets that since the launch of the GAP III only 3.8 % of all gender-responsive/targeted actions have gender equality as a principal objective, falling behind the 5 % target outlined in the NDICI Regulation[38]; calls on the Member States and the Commission to substantially increase the number of the EU’s actions having the promotion of gender equality as a principal objective; calls for the EU to increase its funding of multilateral funds for gender equality, such as UN Women, and for sexual and reproductive health, such as the UN Population Fund and the Global Fund to fight AIDS Tuberculosis and Malaria;

    40. Recalls that women in general perform most unpaid domestic and care work, which imposes a disproportionate burden on lower-income households, contributing to poverty, inequality and precarious living conditions and reducing the labour market participation of women; calls for stronger promotion of the right of every woman to balance her professional and private life based on joint responsibility and working conditions that facilitate the reconciliation of private, family and working lives; calls for accelerated efforts to close the gender pay and pension gaps, including in the care economy, as well as to tackle horizontal and vertical labour market segregation; calls, moreover, for efforts to ensure women’s full, equal and meaningful participation and leadership in decision-making roles and opportunities in the public and private sectors, including in all aspects of peace and security; calls for further promotion of women’s participation in science, technology, engineering and mathematics;

    41. Recognises the urgent need to respond to negative trends hampering progress in gender equality in the EU, including gender-based violence, and to prevalent sexist political discourse; welcomes, in this regard, the Commission’s Roadmap for Women’s Rights as a compass for future EU action in the area both inside and outside the Union and in shaping the new gender equality strategy from 2026; stresses that this roadmap should foster the implementation of legislative and non-legislative measures for greater progress and accountability on SDG 5 and calls for stronger Member States involvement; urges a comprehensive approach addressing sexual and reproductive services, intersectional discrimination and the protection of vulnerable women;

    42. Deplores the increasing unjustified attacks against civil society organisations, particularly women’s rights organisations, both in the EU and worldwide; stresses the need for the establishment of a protection mechanism for human rights defenders in the EU, with particular attention paid to women, LGBTIQ+ people and SRHR human rights defenders; calls for the full implementation of gender equality policies (gender action plan, gender equality strategy), including in their SRHR components, and insists that this implementation must be backed up with adequate funding, including for women’s rights and SRHR organisations, and information about family planning, affordable contraception, free, safe and legal abortion, and maternal healthcare; stresses that women’s rights organisations continue to be systematically underfunded, receiving less than 1 % of global ODA;

    43. Recognises that, despite progress, 122 million girls worldwide remain out of school[39]; emphasises that equal access to education is fundamental for sustainable development, poverty reduction, and economic prosperity, as it empowers women and girls to participate fully in society; calls for the integration of gender-responsive strategies in education policies to address these inequalities; calls on Member States to ensure the provision of education in primary and secondary schools,  focused on fighting gender-based violence and gender stereotyping; underlines that investing in girls’ education yields great returns for generations to come, directly contributing to the realisation of their fundamental rights and protecting them against all forms of violence, and also contributing to better well-being for whole societies;

    44. Recognises the disproportionate vulnerability of women and girls in conflict and humanitarian crises, including the increased risk they face of sexual and gender-based violence, displacement, and disruption of essential services; reaffirms the vital role of women and girls in peacebuilding, conflict resolution and post-conflict reconstruction, emphasising their essential participation in peace negotiations and decision-making processes, as outlined in the women, peace and security agenda;

    45. Calls for stronger policies and actions that promote access to land, credit, entrepreneurship and education, as well as employment and health, especially for women and girls in circumstances of vulnerability, women with disabilities, pregnant women and women in rural areas;

    46. Takes note of the lessons learned listed in the 2024 join report entitled ‘Are we getting there? A synthesis of the UN system evaluations of SDG 5’, including the importance of effectively engaging men and boys in programmes and initiatives on issues that educate and assist them in the behavioural change that is needed if the targets are to be met, and the more sustained and comprehensive prioritisation of the targets in humanitarian settings;

    47. Regrets the regression of LGBTIQ+ rights and the transphobia that threatens gender equality; denounces the fact that, between 2021 and 2022, just three anti-LGBTIQ+ organisations reported USD 1 billion in income, while 8 000 global LGBTIQ+ grantees received USD 905 million between them[40]; warns of the worrying increase in anti-gender financing that aims to counteract the progressive achievements of women’s and LGBTIQ+ rights of the past decades;

    48. Calls for the EU to ban conversion centres in the Member States and to do anything possible to prevent this practice everywhere;

    SDG 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

    49. Is alarmed that SDG 8 targets face the highest rates of stagnation or regression among the SDGs under in-depth review at the 2025 HLPF;

    50. Expresses concern about the decrease over the past decade in labour rights, freedom of association and collective bargaining rights, highlighting its adverse impact on social justice and efforts to promote productive employment and decent work for everyone; regrets that one fifth of the world’s population lives in countries with high levels of inequality[41]; affirms the need to strengthen social measures to address inequalities in line with the leave no one behind principle, taking into account the social consequences of inflation, rising budget pressures, geopolitical tensions and risks posed by climate change and extreme weather events to the health and safety of workers; stresses the importance of a just transition for the decarbonisation of the economy, to ensure that the transition is as fair and inclusive as possible for all concerned;

    51. Calls for stronger policies and bold actions to promote inclusive and sustainable economic development; urges the EU and global partners to use instruments such as the Global Gateway to leverage multiple sources of funding, including private sector investments, respect social and environmental standards and promote the creation of decent jobs that will reduce income inequality and ensure that no one is left behind; recognises the role of private finance in bridging the financing gap to achieve the SDGs; highlights, however, the need for public investments in critical services such as healthcare, education and social protection;

    52. Underlines the need to address territorial and housing inequalities by supporting access to affordable, adequate and energy-efficient housing, especially in disadvantaged urban and rural areas; calls for increased investment in integrated community development, social infrastructure and basic services to promote social cohesion and economic inclusion; encourages support for local and regional authorities in implementing sustainable, inclusive and resilient development strategies that link climate, health, housing, mobility and social inclusion;

    53. Expresses concern that economic growth in many developing countries remains slow and uneven, often hindered by structural weaknesses, economic inequalities, political instability, external shocks and the growing impact of climate change; emphasises that local initiatives addressing unique community needs play a vital role in fostering equitable economic growth; underscores that regional cooperation on economic corridors enhances trade, investment, sustainable industrialisation, and economic diversification;

    54. Recommends increased public and private investment in research, sustainable business practices, the green and digital transition, quality education and skills development, including reskilling and upskilling, as well as aligning them with market demands, and supporting small and medium-sized enterprises and start-ups to support access to finance and foster investment and innovation; reiterates the need for a special focus on the promotion of women’s economic empowerment and on ensuring equitable access to business opportunities; calls for inclusive policies for persons with disabilities in the workplace;

    55. Reiterates the importance of policies that support youth employment, education and vocational training; stresses the significance of the expanding young population in the Global South for sustainable development; insists on the importance of creating stronger links between education, skills development and employment, to allow access to decent work in the rapidly changing labour market;

    56. Emphasises that initiatives aimed at stimulating economic growth should go hand in hand with social justice, gender equality, labour rights and environmental protection; calls for the EU to constructively engage with and work towards the adoption of the UN Treaty on Business and Human Rights;

    57. Regrets that more than half of the global workforce finds itself in informal employment[42], thus posing a significant barrier to social justice and inclusive growth; expresses deep concern that in the least developed countries, in sub-Saharan Africa and in Central and Southern Asia, almost nine out of ten workers are still employed informally[43];

    58. Notes that while gross domestic product remains an important indicator of economic performance, additional metrics reflecting social and environmental dimensions should be taken into account in order to achieve a more balanced and informed approach to economic policymaking;

    59. Calls for further measures to eradicate forced labour and human trafficking, and to put an end to any form of child labour, including the recruitment and use of child soldiers;

    SDG 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

    60. Stresses the alarming trends of marine pollution, coastal eutrophication, ocean acidification, rising temperatures, overfishing, declining marine biodiversity, habitat destruction, unsustainable industrial practices, underwater noise and inland water contamination, which individually and cumulatively threaten marine ecosystems and coastal communities, especially in developing countries and vulnerable regions, and hinder the achievement of SDG 14 targets;

    61. Regrets the lack of actual progress towards meeting SDG 14 targets and, in some cases, their worsening outlook, notably owing to the lack of effective measures alongside increasing economic pressures; is alarmed that none of the SDG 14 targets for 2020 were met; considers that the marginal or moderate progress and the high levels of stagnation and regression mean that global action is far from the speed and scale required to meet SDG14 targets on time; recalls that equity in both benefits and cost-sharing is essential for the implementation of SDG 14;

    62. Notes that SDG 14 remains among the least financed SDGs and that the current funding gap is estimated at about USD 150 billion per year; underlines that the 2025 UN Ocean Conference should provide new impetus in eliminating the existing funding gap and creating a stable and enabling environment for the mobilisation of increased funding for the achievement of the SDG 14 targets; calls on the EU and its Member States to step up their financial contribution to protecting and restoring marine ecosystems; calls on the Commission to allocate dedicated funds to the European Ocean Pact for the protection of the ocean and the just transition to a sustainable blue economy benefitting coastal communities, economic growth and society as a whole;

    63. Highlights the need to protect the ocean as a unified entity and use it sustainably; calls for a holistic approach that integrates environmental protection and restoration, prosperity, social equity, sustainability and competitiveness, and for a comprehensive framework serving as a single reference point for all ocean-related policies; expects the upcoming European Ocean Pact to set an international example by providing such a holistic approach to all ocean-related policies and coherence across all policy areas linked to the ocean;

    64. Believes that binding global measures and an ecosystem-based approach are urgently needed to address shortcomings, accelerate action and ensure the long-term health of the ocean, also and especially under changing climate conditions; stresses that such measures should ensure the protection of human rights and our marine ecosystems; considers it particularly necessary to support the just transition to sustainable fisheries, combat illegal, unreported and unregulated fishing, address the increasing numbers of invasive alien species, strengthen transparency in the seafood sector, protect small-scale fishers’ rights, enhance marine conservation and restoration efforts and adopt a global treaty on plastic pollution; recalls that the EU Nature Restoration Law is one of the tools for the EU to meet its international commitments in restoring marine and coastal ecosystems;

    65. Calls for enhanced global action to tackle ocean acidification and ocean heat levels in order to safeguard the role of the ocean as the most important carbon sink on the planet and to protect marine life and food web;

    66. Welcomes the adoption of UN High Seas Treaty (Biodiversity Beyond National Jurisdiction Agreement, or BBNJ); regrets, however, that, to date, only one of the 27 EU Member States has ratified that treaty; urges all Member States to swiftly complete their individual ratification processes; calls on the parties to continue work on the UN Ocean and Climate Change Dialogue and ensure swift implementation of the agreement, including by mobilising funds from the EU Global Ocean Programme; welcomes the Commission proposal to integrate the UN High Seas Treaty into EU law;

    67. Recalls the commitment under target 3 of the Kunming-Montreal Global Biodiversity Framework  for the effective conservation of at least 30% of terrestrial and inland water areas and of marine and coastal areas by 2030 through the establishment of protected areas and other effective area-based conservation measures; considers that increased efforts are required for the further expansion of marine and coastal protected areas to achieve the 30 % target and facilitate the conservation and sustainable management of marine species, habitats, ecosystems and resources; regrets that the EU is off track to meet its objectives to protect 30 % of its marine areas by 2030;68.  Is alarmed by the increasing levels of marine pollution that are set to double or triple by 2040; highlights that a large part of the pollution pressure placed on the ocean results from land-based activities; calls for stronger measures and accelerated implementation as a matter of urgency to put an end to marine pollution both at EU and international level; underlines that plastics make up the largest, most harmful and most persistent share of marine litter; regrets the lack of a conclusion on the first ever global legally-binding instrument on plastic pollution; urges for the adoption of an ambitious binding global treaty on plastic pollution at the resumption of the intergovernmental negotiations in 2025; supports the EU position that the final agreement should contain a target of reducing the production of primary plastic polymers;

    69. Stresses the importance of advancing the EU’s zero pollution action plan that includes significant targets for the improvement of water quality, the reduction of waste generation, and the reduction of nutrient losses; notes that only 37 % of Europe’s surface waters are in a healthy ecological state and that nutrient pollution is costing more than EUR 75 billion per year[44]; notes, moreover, that, according to the 2025 zero pollution monitoring and outlook report, only two of the zero pollution targets are on track; stresses that the implementation and enforcement of environmental legislation is crucial to achieve the 2030 zero pollution targets and that additional action is needed; reiterates its call on the Commission to propose ambitious EU targets for 2030 to significantly reduce the EU material and consumption footprints and bring them within planetary boundaries by 2050 as required under the 8th Environment Action Programme; highlights, moreover, the need to leverage modern technologies, including artificial intelligence, to monitor pollution;

    70. Stresses the importance of applying the precautionary principle in deep-sea mining; reiterates, in this regard, its support for an international moratorium on commercial deep-sea mining exploitation until such time as the effects of deep-sea mining on the marine environment, biodiversity and human activities at sea have been studied and researched sufficiently[45];

    71. Highlights that the ongoing decline in sustainable fish populations underscores the importance of a regulatory framework following an ecosystem-based approach along with efficient and transparent monitoring systems to promote sustainable fishing practices and combat illegal, unreported and unregulated fishing; welcomes the WTO Agreement on Fisheries Subsidies as a major step forward towards ending harmful subsidies that contribute to overfishing; calls on WTO members that have not yet done so to deposit their instruments of acceptance to allow for the agreement to become operational; urges, moreover, WTO members to phase out environmentally harmful subsidies in maritime economic activities, including harmful fisheries subsidies;

    72. Recognises that sustainable fishing practices involving community participation are instrumental in reducing overfishing and ensuring the long-term sustainability of marine resources;​ recalls that many small-scale fishing communities continue to face marginalisation and unfair competition; notes that it is essential to promote the resilience of coastal and island communities and the potential of the blue economy in line with the EU environmental legislation and objectives, ensuring access to drinking water, sustainable transport, rules-based fisheries, sustainable tourism, entrepreneurship and fair access to services; calls on the Commission to promote international sustainable fishing standards to ensure, among other things, a global level-playing field;

    73. Calls for the EU to reaffirm and step up its support for ocean science; encourages the promotion of scientific research and the dissemination of accurate data, alongside the development and sharing of best practice; emphasises the need to integrate ocean management policy with indigenous and traditional knowledge, science and community engagement; calls for the development and implementation of area-based management tools in conjunction with other appropriate conservation measures;

    SDG 17. Strengthen the means of implementation and revitalise the Global Partnership for Sustainable Development

    74. Calls for the EU to continue advocating and working for multilateralism and provide global leadership in advancing the implementation of the SDGs and the 2030 Agenda, and reinforcing international treaties and agreements, such as the Paris Agreement, the Convention on Biological Diversity, and regional conservation initiatives;

    75. Emphasises that, in the current difficult and uncertain geopolitical landscape, a vocal re-commitment to the SDGs will send a clear signal to partners around the world and support the EU’s global action; is concerned about the USD 4 trillion investment gap on achieving the SDGs[46]; stresses that the EU’s commitment to the SDGs should be supported by ambitious financial commitments in the next multiannual financial framework 2028-2034; calls for the EU to pursue a reinforced approach to development cooperation and to mobilise and continue to engage constructively with other international players in stepping up their sustainable development efforts and supporting peace, gender equality and human development;

    76. Reaffirms that ODA remains a crucial source of public financing and an essential tool for reducing poverty, addressing inequalities, and supporting the most vulnerable communities, particularly in fragile, conflict-affected and least developed countries (LDCs);

    77. Regrets the reduction in ODA by several EU Member States; calls on all Member States and global partners to uphold their commitment to ODA as a key pillar of their development policy and ensure that sufficient financing is dedicated to fulfilling the commitment to spend 0.7 % of gross national income on ODA and 0.2 % as ODA to LDCs; stresses, moreover, that only 12 % of ODA currently targets children despite their significant representation within the population of ODA-receiving countries; calls for the removal of obstacles, including administrative burden, to enable aid to reach the most vulnerable communities;

    78. Calls for the EU to enhance its role in advocating stronger financial commitments for development and humanitarian aid at international level, including the SDGs and the Paris Agreement, and particularly supporting climate adaptation and resilience in the most vulnerable regions, including Small Island Developing States (SIDS) and LDCs; calls, moreover, on the EU to ensure that climate finance targets are met and prioritised in multilateral negotiations and global partnerships; emphasises that advancing EU economic interests should also encompass creating stable partnerships guided by mutual interests and that all EU external policies should be embedded in the larger framework of the 2030 Agenda, while EU development policy and the use of EU ODA should remain focused on poverty alleviation as defined by the OECD Development Assistance Committee;

    79. Stresses the urgent need to address the underrepresentation of countries from the Global South in global governance and to foster a more inclusive international financial architecture; considers South-South and triangular cooperation crucial for the implementation of the 2030 Agenda;

    80. Insists on the paramount importance of the UN at the core of the multilateral system for creating a peaceful, fair, equal, inclusive, and rules-based global system that works for all, leaving no one behind; expresses, in this context, its support for swift and effective reforms of the UN Security Council; highlights the pressing need to review and reform the global governance of international development cooperation, particularly following cuts to global aid by several countries; stresses that reforms to the international financial system should be driven by a renewed commitment to multilateralism;

    81. Emphasises the crucial role of multi-stakeholder partnerships and the meaningful involvement of local governments, civil society and youth and women’s representatives for attaining the SDG targets as well as of the full and effective participation of indigenous peoples and local communities in global partnerships, in line with the UN Declaration on the rights of indigenous people; emphasises the need for youth-led initiatives, particularly in the Global South and in climate-affected regions;

    82. Recognises the vital and multifaceted roles that civil society organisations play in advancing the SDGs through locally-led, context-specific strategies that empower local actors and ensure broad-based, inclusive participation at all levels of society; calls, in this context, for deeper involvement of vulnerable communities in designing and monitoring SDG-related policies and for strengthened cooperation, resource mobilisation, and multi-stakeholder participation to advance the SDGs; calls for civil society participation and civic space in order to ensure that public funds are prevented from financing repressive regimes; stresses that access to structural funding is necessary for the effective participation of civil society in policy-making;

    83. Calls for better monitoring of SDG implementation at regional and local levels, including through support for voluntary local reviews; stresses the importance of improving the availability of reliable data and collecting and using data disaggregated by income, age, gender, disability and geography; emphasises the need to modernise statistics and strengthen data capacity-building in the countries of the Global South;

    84. Calls for the EU and its Member States to support global debt relief and debt restructuring for developing countries, particularly those in the Global South, taking into account the UN Trade and Development principles on promoting responsible sovereign lending and borrowing; calls, moreover, for comprehensive reforms of global financial institutions, including multilateral development banks, to enhance their effectiveness, equity and responsibility in supporting the implementation of the SDGs; emphasises that existing instruments and development banks, such as the European Bank for Reconstruction and Development, should be more in focus;

    85. Stresses the need to align the Neighbourhood, Development and International Cooperation Instrument – Global Europe, including Global Gateway programmes, with the SDGs, the Paris Agreement and human development indicators; calls for greater involvement of Parliament and for it to take a more active role in the scrutiny of Global Gateway programmes, guaranteeing their effectiveness and proper implementation;

    86. Insists that the Global Gateway initiative requires a more strategic and coordinated approach, incorporating strict criteria with the SDGs and the Paris Agreement goals and fundamental EU values, including human rights, good governance, democracy, transparency and environmental sustainability; recognises the potential of the Global Gateway to be able to contribute to sustainable development; stresses that it must be transparent in its planning process and have clear mechanisms for monitoring and evaluating its impact;

    87. Highlights the need for clearer communication, coordination and alignment of Global Gateway projects with existing EU development policies; stresses, in this context, that the EIB should intensify its collaboration with other international financial institutions and national development banks to maximise the impact of its interventions, while ensuring its activities fully align with the objectives of the Paris Agreement and the SDGs;

    88. Reiterates its strong call on the Commission and the Member States to strengthen cooperation with partners on fighting organised crime, corruption, illicit financial flows, harmful tax competition, tax avoidance and tax evasion; calls for the scaling-up of cooperation with developing countries on tax matters, including in terms of capacities, digitalisation, and the strengthening of their tax systems; welcomes the setting up of an intergovernmental process to adopt a UN convention on tax as a new global framework for international tax cooperation; highlights the pivotal role of progressive taxation in securing revenue to finance sustainable development; supports the decision of the G20 finance ministers to ensure that ultra-high net worth individuals are effectively taxed;

    Outlook

    89. Reiterates that the SDGs are the only globally agreed and comprehensive set of goals on the major challenges faced by both developed and developing countries and are the best tool for tackling the root causes of these challenges; stresses that the achievement of the 2030 Agenda is contingent on global collaboration and enhanced and accelerated action by all actors; calls on the EU to double down action and take the lead on advancing progress in these five years before the 2030 deadline in order to accelerate action to reverse the negative trends and foster a more just, peaceful and sustainable future for all;

    90. Emphasises that policy coherence for development is a binding obligation under Article 208 of the TFEU aiming at integrating the economic, social, and environmental dimensions of sustainable development at all stages of the policymaking cycle, in order to foster synergies across policy areas, identifying and reconciling potential trade-offs, as well as addressing the international spillover effects of EU policies;

    91. Highlights the opportunity provided by the SDGs to foster a sustainable, well-being and people-centred economy; emphasises the need for a comprehensive approach that ensures long-term sustainability and prosperity beyond 2030 in line with the diverse needs and circumstances of different countries;

    92. Welcomes the Pact for the Future which pledges 56 actions to accelerate and finance sustainable development, ensure that technology benefits people and the planet, invest in young people, support human rights and gender equality, and transform global governance; calls for the commitments made during the Summit of the Future and reflected in the Pact for the Future to be translated into concrete actions and measurable targets; urges the UN to begin preparing a comprehensive post-2030 Agenda strategy based on global commitment to sustainable development;

    93. Calls for implementation plans with concrete timelines for achieving the SDGs by 2030 and setting ambitious targets beyond; calls, in this regard, on the Commission to lead by example and develop a comprehensive strategy accompanied by a structured SDG implementation plan with clear and concrete targets; calls, moreover, for the next EU multiannual financial framework to be fully consistent with the SDGs;94.  Welcomes the EU’s first voluntary review of SDG implementation in 2023; considers that its conclusions can serve as a solid basis for a comprehensive EU SDG strategy, which should include an updated monitoring system that takes into account the EU’s internal and external impact on the SDG process; insists that such reviews become regular exercises and that their conclusions be taken into account in Commission proposals;

    95. Believes that successes in SDG progress should be made visible and lay the groundwork for formulating best practice for the achievement of the SDGs; stresses, in this context, the importance of inclusive digitalisation, including with regard to AI, building on the Global Digital Compact; welcomes the 2025 Human Development Report that focuses on this matter;

    °

    ° °

    96. Instructs its President to forward this resolution to the Council and the Commission, the Secretary General of the United Nations and the President of the United Nations General Assembly.

    MIL OSI Europe News –

    July 2, 2025
  • MIL-OSI Banking: American Clean Power Statement: Senate Final Passage of Budget Bill

    Source: American Clean Power Association (ACP)

    Headline: American Clean Power Statement: Senate Final Passage of Budget Bill

    WASHINGTON, D.C., July 1, 2025 –The American Clean Power Association (ACP) issued the following statement from CEO Jason Grumet after the Senate passed, in a 51-50 vote, the reconciliation bill: 
    “The Senate reconciliation package is a step backward for American energy policy. The intentional effort to undermine the fastest-growing sources of electric power will lead to increased energy bills, decreased grid reliability, and the loss of hundreds of thousands of jobs. Most discouraging is forfeiting the progress we’ve made in manufacturing batteries, wind turbines and solar panels, and the economic growth occurring in communities across the country. 
    “With energy demand skyrocketing, we must work as a nation to maximize all domestic energy resources. While it was expected that this legislation would shift the direction of U.S. energy policy, we can’t afford to pick winners and losers when it comes to reliable, American-made energy. We need all of it— and we need it fast. 
    “While the twelve-month phase out of clean energy tax incentives is very aggressive, the final bill avoids two punitive measures that would have needlessly harmed American energy production. Notably, the Senate removed provisions that would have changed tax policy retroactively and undermined energy projects already in development. The legislation also removed a new tax increase targeting only wind and solar power that was added with no notice and little explanation.   
    “We appreciate the members of Congress who worked to get this legislation to a better place. Their efforts reinforce the basic principle that Congress should not bet against progress in any part of our economy.  
    “The American clean power sector is central to our nation’s success and will continue to play a growing role in the true all of the above energy strategy that is required to deliver affordable, reliable, and clean power to the American people.” 

    MIL OSI Global Banks –

    July 2, 2025
←Previous Page
1 … 66 67 68 69 70 … 457
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress