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Category: Economy

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Jamaica

    Source: IMF – News in Russian

    June 25, 2025

    • The Executive Board of the International Monetary Fund (IMF) concluded the 2025 Article IV consultation with Jamaica on June 12, 2025.
    • Over the last decade, Jamaica has established an enviable track record of investing in institutions and prioritizing macroeconomic stability which allowed it meet recent shocks and natural disasters in an agile, prudent, and growth-supportive manner.
    • The continued reforms will increase resilience to future shocks and natural disasters. They need to combine with a multipronged approach to overcome supply-side constraints to growth in support of growth.

    Washington, DC: On June 12, 2025, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1] with Jamaica and considered and endorsed the staff appraisal without a meeting. The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Over the last decade, Jamaica has successfully reduced its public debt, firmly anchored inflation and inflation expectations, and strengthened its external position. It has built an enviable track record of investing in institutions and prioritizing macroeconomic stability. Jamaica has met recent global shocks and natural disasters in an agile, prudent, and growth-supportive manner. GDP declined in FY2024/25 due to hurricane Beryl and tropical storm Raphael which damaged agriculture and infrastructure and undermined tourism. Nonetheless, economic activity is projected to normalize as these effects wane. Unemployment has fallen to all-time low levels (3.7 percent in January 2025) and inflation has converged to the Bank of Jamaica (BOJ)’s target band of 4-6 percent. The current account has been in surplus for the last two fiscal years with strong tourism revenues and high remittances. The international reserves’ position has continued to improve.

    The outlook points to growth settling at its potential rate once the FY2025/26 recovery is complete, with inflation stabilizing within the BOJ’s target range. Nonetheless, global developments require continued close monitoring as downside risks emanating from tighter global financial conditions, lower growth in key source markets for tourism, and trade policy disruptions remain high. Finally, extreme weather events could negatively affect economic activity. The Jamaican authorities are implementing sound macroeconomic policies in the context of strong policy frameworks. A prudent fiscal stance supports a reduction in public debt towards the target in the Fiscal Responsibility Law. The Bank of Jamaica has anchored inflation around the mid-point of the inflation target band and inflation expectations have declined to close to the upper band of the BOJ’s target range. The lowering of the policy rate in 2024 was justified in view of the temporary nature of the weather-related shocks and the expected convergence of inflation to the BOJ’s target. The current fiscal-monetary policy mix places Jamaica in a good position to respond to the various downside global risks, should they realize.

    Executive Board Assessment

    “In concluding the 2025 Article IV consultation with Jamaica, Executive Directors endorsed staff’s appraisal, as follows:

    “Over more than a decade, Jamaica has been implementing sound macroeconomic policies supported by strong policy frameworks. These efforts have allowed Jamaica to accumulate meaningful policy buffers, reduce public debt, anchor inflation, and improve its external position.

    “Recent policy efforts have further strengthened fiscal responsibility, improved the effectiveness of public sector compensation, bolstered tax and customs administration, enhanced financial oversight, and built resilience to climate change including in the context of the recently completed PLL/RSF arrangements. These advances allowed agile, prudent, and growth-supportive responses to recent global shocks and natural disasters.

    “The economy, which declined in FY2024/25 due to the weather events, is rebounding this year and is projected to grow at its potential rate with risks broadly balanced. The recovery is supported by a rebound in agriculture and tourism and its spillovers to other sectors. Risks comprise extreme weather events posing downside risks for tourism and agriculture, trade policy shocks, and disruptions to tourism or the flow of remittances. Upside risks include a faster-than-expected recovery from recent weather events, favorable tourism trends, and favorable commodity price developments.

    “Maintaining primary fiscal surpluses to reach the FRL’s ceiling of 60 percent of GDP by FY2027/28 remains essential. However, fiscal policy could become too pro-cyclical in the face of severe shocks when the debt-to-GDP ratio reaches the FRL’s target. Incorporating an explicit operational medium-term debt anchor in the FRL at a level below 60 percent of GDP would help guide policies and ensure that debt is kept at moderate levels, creating fiscal buffers to respond to adverse events. The timeline for the eventual adoption of an operational debt anchor should be assessed in the context of heightened uncertainties, which could limit the country’s ability to meet a lower debt anchor in the medium-term.

    “The authorities continue to improve the fiscal policy framework. The IFC became operational in January 2025 and assessed the consistency of current fiscal plans with the FRL. The A-PEFA assessment was completed in June 2024, providing recommendations to enhance public financial management. Reforms of tax and customs administration are supporting revenue mobilization, and sound debt management continues. The wage bill reform eliminating distortions and improving the transparency and competitiveness of the public pay to help retain skilled employees was completed last FY.

    “Ongoing efforts to bolster the monetary and financial policy frameworks should continue. Staff supports the BOJ’s cautious data-dependent monetary policy, noting that there should be scope to lower the policy rate but the heightened global uncertainties call for a cautious approach. An inflation targeting regime with a strong international reserves’ position and stable FX markets have served Jamaica well. Going forward, there is scope to deepen FX markets by reducing surrender requirements and scaling back the BOJ’s FXI. Deepening capital markets, further de-dollarizing the economy, and boosting banking sector competition would improve resource allocation and help strengthen monetary transmission. The adoption of Basel III, the expansion of the BOJ supervisory remit, and unification of financial supervision under a twin-peaks regime are all going in the right direction. Jamaica exited FATF’s increased monitoring (grey list) in June 2024. Building on this achievement, the authorities continue to strengthen AML/CFT and are preparing for the fifth round of the Mutual Evaluation Process (expected by mid-2026).

    “A multipronged approach is required to overcome supply-side constraints to growth. Low productivity resulting from the misallocation of resources is amplified by structural impediments including high crime, barriers to competition, poor educational outcomes, inadequate infrastructure, and barriers to trade. The authorities are addressing these barriers through product and labor market reforms, education, infrastructure, trade, and climate-aware reforms including by completing reform measures under the RSF completed last September. These reforms have the potential to catalyze private sector financing for climate-related investment.”

    Table. Jamaica: Selected Economic Indicators
               
               

    Population (2023): 2.84 million

    Per capita GDP (2023): US$6,850

    		  

    Quota (current; millions SDRs/% of total): 382.9/0.08

    Literacy rate (2022)/Poverty rate (2021): 91.7%/16.7%

    Main products and exports: alumina, tourism, chemicals, mineral fuels, bauxite

    Unemployment rate (January 2025): 3.7%

    		  

    Key export markets: U.S., U.K., Canada

    		          

     

    2022/23

    2023/24

    2024/25

    2025/26

    Act.

    Act.

    Proj.

    Proj.

    Output

    		          

    Real GDP growth (%)

    		  

    4.7

    1.8

    -0.8

    2.2
               

    Employment

    		          

    Unemployment (%) 1/

    		  

    4.5

    4.2

    3.7

    …
               

    Prices

    		          

    Inflation, end of period (%)

    		  

    6.2

    5.6

    5.0

    5.0

    Inflation, average (%)

    		  

    9.5

    6.2

    5.1

    5.0
               

    Central government finances 2/

    		          

    Budgetary revenue (% of GDP)

    		  

    30.1

    30.6

    33.3

    31.7

    Budgetary expenditure (% of GDP)

    		  

    29.8

    30.5

    33.0

    31.7

    Budget balance (% of GDP)

    		  

    0.3

    0.0

    0.3

    0.0

    Of which: central government primary balance

    		  

    5.8

    5.7

    5.9

    5.2

    Public entities balance (% of GDP)

    		  

    1.4

    2.3

    1.7

    0.0

    Public sector balance (% of GDP)

    		  

    1.7

    2.3

    2.0

    0.0

    Public debt (% of GDP)

    		  

    77.0

    73.4

    69.2

    64.9
               

    Money and credit

    		          

    Broad money (% change)

    		  

    9.8

    9.1

    6.2

    9.1

    Credit to the private sector (% change)

    		  

    10.5

    9.4

    6.1

    9.4

    Treasury bill rate, end-of-period (%)

    		  

    8.3

    8.1

    5.7

    …

    Treasury bill rate, average (%)

    		  

    8.2

    8.1

    7.1

    …
               

    Balance of payments

    		          

    Current account (% of GDP)

    		  

    1.9

    3.1

    2.6

    1.3

    FDI, net (% of GDP)

    		  

    1.9

    1.5

    1.0

    1.3

    Gross international reserves (months of imports)

    		  

    5.6

    6.4

    7.2

    6.8

    External debt (% of GDP)

    		  

    78.8

    69.6

    62.6

    58.5
               

    Exchange rate

    		          

    End-of-period REER (appreciation +)

    5.4

    -0.7

    …

    …

    Sources: Jamaican authorities; UNDP Human Development Report; Information Notice System; and Fund staff estimates and projections.

    1/ As of April. In FY2024/25 January 2025.

    2/ Fiscal year: April 1 to March 31. Government finances according to the authorities’ definitions.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/Jamaica page.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Brian Walker

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

    https://www.imf.org/en/News/Articles/2025/06/25/pr25219-jamaica-imf-executive-board-concludes-2025-article-iv-consultation-with-jamaica

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Russia: Djibouti: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    June 25, 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.

    Washington, DC: Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities plan significant fiscal consolidation, including leveraging state-owned enterprises (SOE) dividends meaningfully, and advancing creditor dialogue. The authorities remain dedicated to investing in human capital and creating favorable investment conditions for job creation.  

    Djibouti’s economic resilience and contribution to regional stability 

    Djibouti helps maintain regional stability by supporting maritime security and facilitating humanitarian responses during crises. Djibouti’s GDP per capita has effectively doubled over the past decade thanks to significant investments that have contributed to the modernization of the economy. However, declining government revenues and increasing debt service have placed considerable strain on public finances, leading to unsustainable levels of public debt and diminishing reserves. Growth has not created enough jobs in the formal sector, while fiscal space to finance development needs is limited.

    The authorities are leveraging Djibouti’s growth resilience to advance fiscal consolidation and rebuild reserves. Growth is expected to have exceeded 6.5 percent in 2024 due to increased transshipments amid Red Sea tensions, while moderate international food and energy prices kept inflation in check. The government deficit was reduced from 3.5 percent of GDP in 2023 to 2.6 percent in 2024 following a brief period of fiscal overruns and deficit monetization, and reserves have begun to recover partially offsetting the decline observed since late 2023, though they remain below the monetary base. 

    The outlook is positive but subject to risks in an uncertain global context. Growth is projected to remain dynamic at around 6 percent this year and to continue over the medium term, albeit at a slower pace. Ethiopia’s robust economy is expected to boost Djibouti’s port activities; however, fiscal consolidation and the phasing out of large-scale investments may temper growth. Key risks include regional conflicts potentially increasing migration and affecting social stability amid a constrained fiscal space, and trade policy shifts that could depreciate the dollar and Djibouti franc, enhancing service exports but also raising inflation. Nonetheless, it is worth noting that Djibouti has successfully navigated several shocks over the past few years, including COVID-19, the 2022 Tigray crisis, the Ukraine war, and the 2024 Red Sea maritime disruptions.

    Leveraging resilience for fiscal sustainability and rebuilding reserves  

    In the face of high global and regional uncertainty, Djibouti needs to quickly strengthen its economic resilience by restoring debt sustainability, safeguarding the currency board, and fostering inclusive growth. To this end, the authorities intend to strengthen fiscal consolidation and enhance financial transparency and governance of state-owned enterprises (SOEs) to unlock sustainable and meaningful dividend contributions to the national budget, restore reserves, and encourage private sector growth while protecting vulnerable populations.  

    Durable fiscal consolidation is essential for restoring debt sustainability. The substantial fiscal adjustment frontloaded in the 2025 budget and the balanced budget target for 2026 onward are welcome steps. To sustain progress, it is essential that all governmental entities endorse annual fiscal targets that align with a medium-term fiscal consolidation strategy. Success depends on robust expenditure management via the diligent operationalization of the recently approved Public Financial Management Reform Strategy and Action Plan 2024–27. Furthermore, a comprehensive fiscal roadmap should continue to broaden the tax base by enhancing VAT and capital income taxation, rationalizing tax exemptions included in the investment code and the Free Zones regime, and finalizing the digitization of tax agencies. The effective establishment of the tax policy unit remains a priority for accurately assessing tax bases and enhancing tax reform efficiency. Operationalizing the recently created large taxpayer office will also bolster compliance and revenue collection.

    As Djibouti negotiates new terms for debt liabilities with creditors, well-managed and profitable SOEs can significantly aid national fiscal consolidation and restore reserves at the Central Bank of Djibouti (CBD), particularly following the dissolution of the Sovereign Wealth Fund (SWF). Building on ongoing efforts to improve SOE transparency and governance, it will be critical for the Executive Secretariat in charge of the State Portfolio (SEPE) to collect all SOEs’ financial statements and monitor their performance. Swiftly implementing the Code of Good Governance is also essential for establishing a more transparent dividend policy tied to SOE performance, thereby mobilizing dividends more consistently and meaningfully for the budget, improving SOE efficiency and services, and appropriately right-size them. Additionally, fiscal transparency can be strengthened by discontinuing financial settlement practices for clearing government arrears with SOEs, and by improving coordination among the Ministry of Budget, line ministries, and SEPE for more effective budget risk management.

    Alongside fiscal consolidation, completing ongoing debt negotiations and addressing outstanding arrears with external partners are critical for debt sustainability. Equally important is implementing binding limits on borrowing for the central government, SOEs, including their participation in public-private partnerships, and ensuring these are enforced by the Public Sector Debt Committee. 

    The mission is encouraged by the recent recovery in reserves and urges continued progress. To strengthen the currency board, the authorities plan to amend the CBD law to enhance its autonomy, which will help sustain reserves, exchange rate, and inflation stability. They also plan to introduce reserve requirements as a prudential tool, with implementation expected to follow a phased approach. Additionally, under MENAFATF’s enhanced monitoring, Djibouti is reforming its AML/CFT framework, improving the business climate, and enhancing oversight of the banking sector due to its significant offshore component and rising government exposure. To facilitate policy making, the authorities are leveraging technical assistance provided by the IMF to enhance their coverage and quality of statistics relevant to surveillance, with a focus on national accounts, the fiscal and external sectors.

    Advancing inclusivity through private sector development and employment creation  

    The government aims to foster economic growth and social equity. They aim to improve the existing targeting of the current fuel subsidy scheme. In order to create a more effective and equitable social protection system and reduce budget exposure to international energy prices, the authorities should gradually replace the current subsidy system with the strengthening of targeted cash transfers to the most vulnerable households, relying on the national social register. To attract investments and create jobs, they are enhancing access to education and job training under the 2021–35 education master plan. They aim to diversify the economy in sectors such as logistics and connectivity, tourism, agribusiness, and fisheries. To enable economic diversification, it is essential to develop a comprehensive roadmap with specific actions aimed at enhancing access to finance, streamlining administrative procedures, and expanding reliable and affordable internet services and electricity, including through increased bill collection, technical efficiency, and the adoption of cost-efficient renewable energy. These initiatives will enhance Djibouti’s business environment, which is already supported by a stable macroeconomic climate, a currency board, ports infrastructure, and connectivity to Ethiopia’s large market, all aligning with the objectives of Djibouti Vision 2035.

     “The mission team expresses deep appreciation to the Djiboutian authorities and other counterparts for their warm hospitality, excellent cooperation and candid discussions, and looks forward to continuing close engagement.” 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

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

    https://www.imf.org/en/News/Articles/2025/06/25/djibouti-staff-concluding-statement-of-the-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ11: Site safety and contractor management

    Source: Hong Kong Government special administrative region

    Following is a question by the Hon Carmen Kan and a written reply by the Secretary for Development, Ms Bernadette Linn, in the Legislative Council today (June 25):
     
    Question:
     
       It is reported that fatal industrial accidents and incidents of serious non-compliance committed by contractors have repeatedly occurred in the construction industry in recent years. In this connection, will the Government inform this Council:
     
    (1) of the following information on the contractors with poor performance in relation to industrial accidents and site safety in the construction industry in each of the past five years (set out in a table):
     
    (i) the numbers of fatal and non-fatal industrial accidents (set out by type of operations) and, among which, the numbers of those involving “bamboo scaffolding” or “metal scaffolding” works (set out by cause of accidents);
     
    (ii) in respect of public works projects, the number of government project consultants/contractors with performance ratings of (a)‍ “Poor” or “Very Poor” in site safety and (b) “Poor” or “Very Poor” in overall performance, and among which, the number of consultants and contractors who have been suspended from tendering or removed from the lists concerned (set out by type of non-compliance);
     
    (iii) the numbers of prosecutions instituted by the Government in respect of fatal industrial accidents and the cases convicted and the penalty imposed on each of the convicted cases; and
     
    (iv) the application situation for legal aid in each case of industrial accident involving civil claims (set out by fatal and non-fatal accidents);
     
    (2) given that according to the direct investigation operation report of the Office of The Ombudsman released in April this year in relation to the Government’s regulation of occupational safety and health in the construction industry, from 2018 to 2023, fatal industrial accidents in the construction industry accounted for more than 80 per cent of fatal industrial accidents in all industries, and the Office found that some “competent persons” have failed to properly inspect the safety of bamboo scaffolds before signing the prescribed form (i.e. Form 5), how the authorities will improve the monitoring mechanism and step up enforcement efforts to ensure that the competent persons will strictly discharge their duties;
     
    (3) given that according to the report mentioned in (2), the industrial accidents involving bamboo scaffolding works are related to the unauthorised issue of the prescribed form, whether the Government will review afresh the policy direction of reducing the use of bamboo scaffolds in public works projects; if so, of the details; if not, the reasons for that;
     
    (4) in respect of cases of public works projects in which contractors/consultants with performance ratings of “Poor” or “Very Poor” in overall performance were not suspended from tendering in the end, of the Government’s reasons for making such decisions (set out by cases); whether it will, from the perspective of value for money, review the weightings of the various scores for assessing the performance of contractors/consultants; if so, of the details; if not, the reasons for that; and
     
    (5) of the measures in place to prevent the relevant personnel of contractors who were removed from the register of general building contractors by the Government due to serious non-compliance from undertaking the Government’s public works projects by means of setting up new companies?
     
    Reply:
     
    President,
     
    The Government attaches great importance to site safety. The Labour Department (LD) has been closely monitoring the levels and changes of occupational safety and health (OSH) risks in various industries, including the construction industry. Pursuant to the risk-based principle, the LD formulates and adjusts strategies for inspection and enforcement, publicity and promotion, as well as education and training to uplift the OSH performance. The Development Bureau (DEVB) from time to time reviews the safety management system of public works, being part of the construction industry, and adopts a multi-pronged approach by implementing measures on various fronts, including project design, tender evaluation, contract provisions, works supervision, technology application, regulation of contractors, as well as publicity and promotion, with a view to uplifting site safety performance of public works.
     
    Having consulted the LD and the Legal Aid Department (LAD), the reply to various parts of the question is as follows:

    (1) (i) According to the OSH statistics analysed by the type of accidents by the LD, the breakdown of the numbers of fatal and non-fatal industrial accident cases in the construction industry from 2020 to 2024 (by type of accidents) is at Annex 1. 
     
    Among the fatal industrial accident cases, the relevant statistics involving working on bamboo scaffolds and metal scaffolds are at Annex 2. The LD does not maintain relevant statistics on non-fatal industrial accident cases involving bamboo scaffolds and metal scaffolds. 
    The LAD is not in position to disclose the details of each individual case because of the restriction under the Personal Data (Privacy) Ordinance and the Legal Aid Ordinance also contains provisions maintaining confidentiality of information relating to an applicant or aided person. 
    The LD is planning to develop a “scaffold inspection checklist” for use by competent persons when inspecting scaffolds in order to strengthen the regulation of their inspection work under the OSH legislation and reduce the chance of making false statements on the approved forms. 
    To further promote the adoption of metal scaffolds, the DEVB recently required 50 per cent of new public works building works contracts of the Government, with tenders to be invited on or after March 21, 2025, to adopt metal scaffolds. Based on the new public works building works contracts in 2025, 50 per cent of new contracts means one to two new building works contracts. With experience gained, the DEVB will continue to maintain close communication with the construction industry and adopt a pragmatic attitude to encourage the industry to keep pace with the times and adopt metal scaffolds in a progressive manner. The Government has no intention to ban bamboo scaffolds and will continue to engage the industry and other relevant stakeholders to jointly explore measures from various aspects (including the application of technology) to enhance work safety of bamboo scaffolds. 
    In respect of regulating actions, if a contractor is involved in serious site safety incidents (irrespective of whether they occurred on public works sites or those of other public or private sector organisations), we will immediately suspend the contractor from tendering for public works contracts in accordance with the current regulating mechanism. Any tenders that the contractor has already submitted for public works contracts will not be considered during the regulating period.  Following this, a Panel of Enquiry will be held to determine the need for further regulating actions against the contractor, including suspension from tendering or even removal from the approved lists.
     
    In addition, if a contractor’s site safety performance is rated as “Very Poor” in the quarterly performance evaluation, its overall performance in the performance report will also be rated as “Very Poor”. If a contractor’s overall performance is rated as “Very Poor” for two consecutive quarters, we will suspend the contractor from tendering for public works contracts until its performance consistently meets satisfactory level. In general, upon receiving a “Very Poor” report, a contractor will implement effective improvement measures immediately. As for engineering consultants, we have a similar regulating mechanism in place as well.
     
    Although some contractors or engineering consultants have been rated as having “Poor” or “Very Poor” overall performance, their performance has not yet met the threshold for triggering suspension of their tendering qualifications. However, under the current tender evaluation mechanism, a contractor’s past site safety performance, accident rate in public works contracts, and its records of serious site safety incidents (regardless of whether they occurred on public works sites or those of other public or private sector organisations) are key attributes assessed. These attributes make up about 30 per cent of the overall technical score. Therefore, if a contractor’s site safety performance is rated as “Poor” or “Very Poor”, the overall technical score of its tender will be lower, directly impacting its chance of winning future public works contracts. We will continue to review and enhance the performance evaluation and regulating systems for public works contractors and engineering consultants as needed. 
    When applying for admission to the approved lists, a contractor must fulfil a series of admission criteria, including project experience, site safety, financial capability, management, staff employment, and integrity, etc. In reviewing an application for admission, we consider the contractor’s relevant project experience, senior management, safety personnel and technical staff employed, financial capability (such as employed capital and working capital as reflected in audited financial statements in the past three years), and the past site safety performance of the company and relevant responsible persons. Therefore, it is not possible for a delisted contractor to easily regain approval simply by establishing a new company.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Senator Marshall: The Reconciliation Bill Will Give Us More Prosperity and Security

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Senator Marshall Joins Newsmax to Discuss the Iran and Israel Conflict and the Reconciliation Package in the Senate.
    Washington – On Tuesday night, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Ed Henry on Newsmax’s The Briefing to discuss the President’s handling of the Iran and Israel conflict, the President’s push for peace worldwide, and what the Senate is doing to pass the reconciliation package. 

    Click HERE or on the image above to watch Senator Marshall’s full remarks.
    On CNN’s Iran Aftermath Report
    “I think it’s more lies from fake news. But you know, the proof will be in the pudding, and we’ll see what the pictures are in a week or two. I think it would take a year just to remove the rubble to get to where this facility once was. I just can’t imagine. …14 bombs we dropped, these were all a direct strike, the likes of which we’ve never seen. These are 30,000 pounds each – I’m going to bet on the United States Air Force. They know what they’re doing. It was a direct strike. I bet we got our mission done. We’ll wait for the final pictures here.”
    On President Trump being the ‘Peace President’:
    “President Trump is the most transparent President in history. This morning, we knew exactly where he was. He didn’t have to send an aide to go tell Bibi to knock it off – he told him in front of the whole world, and that’s who President Trump is.
    “I think that the regime in Iran is more worried about regime change than they are about nuclear weapons in the future. I think that’s what their big fear is. They’re trying to save face as well. And here’s President Trump offering another olive branch. He wants peace. He cares about the Iranian people who have been tortured and murdered by their government for decades as well. So, I think it’s another master class in negotiations by President Trump.
    “Look, we’re tired of the killing. That’s all I can say, we’re tired of the killing here. We’re tired of the killing in Gaza. We’re tired of the killing in Ukraine. President Trump wants to end all that, and when that happens, the economy, the world economy, will improve if we can get all these wars back under control.”
    On Democrats’ hypocrisy on foreign precision strikes:
    “And this is what I was talking about earlier, going from Trump obsession to Trump psychosis. And this is what you have, that they are dissociated from truth, from reality. The President has a constitutional duty to protect this nation. Iran was one week away from having a nuclear warhead – they had enough 60% enriched uranium to build 10 atomic bombs. The President had a duty to protect us. That’s what he did.
    “You pointed this out early, the hypocrisy of Obama, who did similar things. Clinton did similar things. President Nixon, of course, as well. So, this is psychosis. Thank God for President Trump that this is not phasing him, it’s not slowing him down. He’s going to do the right thing. I even saw some polling recently, 90% of Republicans support how President Trump has handled all this – I think he’s growing stronger, more popular. The United States is respected more. This is what peace through strength looks like.”
    On the next steps in the reconciliation process:
    “Like you said, President Trump’s done his job. Now it’s time for us to do our job. This bill is not perfect, but it’s going to prevent the largest tax increase for hard-working, middle-income families in the history of our country. It’s going to build 2000 miles of barrier. It’s going to give us border security funding for four years – we’re going to run out of funding very soon to secure the border. It’s going to give our military pay raises, make the military stronger for the next four years as well.
    “You know, some things that people aren’t talking about out there that I think are very important… this is going to defund Planned Parenthood. It’s going to allow us to purchase short-barreled rifles again. It’s going to give more flexibility with 529 education plans and with Pell Grants as well. … There are so many good things in this. It’s going to increase your Child Tax Credits to $2200 – If we don’t do this, it would be $1,000. So, there are so many great things in this bill. It’s going to be a rising tide that floats all boats. It’s going to give us more prosperity and security. We don’t have a choice – we need to get it done.”

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces $135 million available for new wildfire projects amid Trump’s assault on resources protecting communities

    Source: US State of California Governor

    Jun 25, 2025

    What you need to know: Governor Newsom announced $135 million is available for wildfire prevention grants – protecting communities from catastrophic wildfire at the same time as President Trump adds new strain to firefighting resources.

    SACRAMENTO – As President Trump continues straining firefighting and prevention resources in California, Governor Gavin Newsom today announced the state has $135 million available for new and ongoing projects to protect communities from catastrophic wildfire. 

    Grant applications are now open for CAL FIRE’s Wildfire Prevention Grants Program. It funds local projects that focus on increasing the protection of people, structures, and communities. Activities include hazardous fuels reduction, wildfire prevention planning, and wildfire prevention education.

    The funding builds on $72 million the Governor announced last month for forest health projects across the state – part of $2.5 billion in investments in wildfire prevention work that have more than doubled since the Governor took office. 

    Today’s announcement comes as the California National Guard’s (CalGuard) critical firefighting crews – known as Task Force Rattlesnake – are operating at just 40% capacity due to President Trump’s illegal militarization of Los Angeles. The National Guard impact is on top of the Trump administration’s dangerous cuts to the U.S. Forest Service, which also threatens the safety of communities across the state.

    We won’t let Trump stand in the way of protecting Californians from catastrophic wildfire. We’re making millions more available to fund projects that are proven to keep communities safe.

    Governor Gavin Newsom

    CAL FIRE’s Wildfire Prevention Grants are effective. Local projects like proactive vegetation management, defensible space creation and structure hardening helped preserve historical structures and homes in Los Angeles County in 2025. In 2024 in Sonoma County, over 300 acres of shaded fuel breaks, created by clearing brush and small trees along roads, helped reduce flammable vegetation and slowed a fire’s spread. Residents were able to evacuate safely, and firefighters were able to stop the spread of fire quickly.

    “These examples demonstrate how grant funds are effectively helping to improve wildfire resilience in California communities through thoughtful planning and preventative work funded through CAL FIRE grants,” said Chief Daniel Berlant, California State Fire Marshal. “Over the last five years, over $500 million has been awarded to over 490 projects across the state.”

    California’s unprecedented wildfire readiness 

    Despite the strain caused by President Trump, California stands ready to protect communities. As part of the state’s ongoing investment in wildfire resilience and emergency response, CAL FIRE has significantly expanded its workforce over the past five years by adding an average of 1,800 full-time and 600 seasonal positions annually – nearly double that from the previous administration. Over the next four years and beyond, CAL FIRE will be hiring thousands of additional firefighters, natural resource professionals, and support personnel to meet the state’s growing demands.

    Late last month, the Governor announced $72 million for projects across the state that help reduce catastrophic wildfire risk. Additionally, 20 new vegetation management projects spanning nearly 8,000 acres have already been approved for fast-tracking under the Governor’s new streamlining initiative.

    This builds on consecutive years of intensive and focused work by California to confront the severe ongoing risk of catastrophic wildfires, and Governor Newsom’s emergency proclamation signed in March to fast-track forest and vegetation management projects throughout the state. Additionally, to bolster the state’s ability to respond to fires, Governor Newsom recently announced that the state’s second C-130 Hercules airtanker is ready for firefighting operations, adding to the largest aerial firefighting fleet in the world. 

    New, bold moves to streamline state-level regulatory processes builds long-term efforts already underway in California to increase wildfire response and forest management in the face of a hotter, drier climate. A full list of California’s progress on wildfire resilience is available here.

    Press releases, Recent news

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    News What you need to know: The First Partner launched her annual Book Club today, which features great kids’ reads curated by librarians across California, as well as investments to support library community programming. SACRAMENTO – California First Partner Jennifer…

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    MIL OSI USA News –

  • MIL-OSI: Airsed Securities Launches “The Stockmaster Showdown” – Major US Stock Trading Simulation Competition for European Investors

    Source: GlobeNewswire (MIL-OSI)

    CENTURY CITY, Calif., June 25, 2025 (GLOBE NEWSWIRE) — European investors seeking to master the fast-paced US stock market now have a unique, risk-free opportunity to hone their skills. Airsed Securities has officially opened registration for “The Stockmaster Showdown,” a comprehensive virtual trading competition that perfectly mirrors live market conditions and offers participants an authentic American trading experience.

    Designed specifically to demystify the operational logic and trading rhythms of the American markets, the competition provides an immersive, hands-on learning experience for participants across Europe. Competitors will utilize simulated trading accounts funded with virtual capital to execute trades using real-time market data from major US exchanges, including the NYSE and NASDAQ. This innovative approach allows participants to rigorously test their investment strategies, portfolio management techniques, and risk assessment skills without any financial commitment or exposure.

    “The Stockmaster Showdown represents our commitment to empowering European investors with the knowledge and practical experience needed to navigate US markets successfully,” said James Miller, Public Relations Manager for Airsed Securities. “This competition bridges the gap between theoretical knowledge and real-world application, providing participants with invaluable insights into American market dynamics.”

    The competition allows contestants to rigorously evaluate their trading acumen, capital management skills, and responsiveness to market fluctuations in a completely safe environment. Participants will experience authentic market volatility, earnings announcements, economic data releases, and other factors that drive US equity movements. This comprehensive simulation ensures that competitors gain genuine experience that translates directly to real-world trading scenarios.

    “The Stockmaster Showdown” is an inclusive event, welcoming traders of all experience levels, from seasoned professionals seeking to refine their US market strategies to individuals completely new to American equity markets. The competition features multiple categories and skill levels, ensuring fair competition while maximizing learning opportunities for all participants.

    Beyond individual skill development, this competition presents a unique networking opportunity for European traders to connect with like-minded investors and share insights about cross-Atlantic investment strategies. Participants will have access to educational resources, market analysis tools, and expert commentary throughout the competition period.

    The event runs for several weeks, allowing competitors sufficient time to develop and test various trading approaches while adapting to different market conditions. Real-time leaderboards and performance analytics help participants track their progress and learn from top performers.

    Trading enthusiasts across Europe are invited to register for this premier simulation event and compete for the prestigious title of “Stockmaster,” along with recognition as a skilled navigator of American financial markets.

    About Airsed Securities Ltd.
    Airsed Securities Ltd. is a global online investment platform that provides traders with access to stocks, ETFs, CFDs, and IPOs across the world’s major financial markets. By combining state-of-the-art technology with a diverse product portfolio and a commitment to security, Airsed empowers investors to build and manage their global investment portfolios with confidence.

    Media Contact:
    James Miller
    Public Relations Manager
    Airsed Securities Ltd.
    Email: james.miller@airsed.com
    Website: https://www.airsed.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9239cf3-2ecb-4c3e-b958-e4b7bdb9313f

    The MIL Network –

  • MIL-OSI USA: Congresswoman Tenney Reintroduces the Fairness in Vineyard Data Act to Support NY-24 Grape Growers

    Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)

    Washington, DC – Congresswoman Claudia Tenney (NY-24) today reintroduced the Fairness in Vineyard Data Act to expand the federal government’s vineyard data collection to better reflect the needs of grape growers in New York and other top-producing states.

     Congressman Joe Morelle (NY-25) joined Rep. Tenney in reintroducing this legislation.

     Currently, the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) only collects comprehensive vineyard data from the top two grape-producing states, leaving out key grape-producing regions. This bill expands data collection on vineyard production to include the top five grape-growing states, including New York, giving grape growers better insight into industry trends. This data will help them adapt their cultivation practices and improve wine production.

    “New York’s grape growers and winemakers are a vital part of our economy, especially in NY-24, home to the renowned Finger Lakes wine region. By expanding federal vineyard data collection, the Fairness in Vineyard Data Act ensures our growers have access to more information when it comes to trends, pricing, and production forecasts. This bill promotes fairness, transparency, and gives our NY-24 grape growers the tools they need to thrive in a competitive marketplace,” said Congresswoman Tenney. 

     “New York’s wine grapes are a vital part of our region’s culture and economy, supporting good-paying jobs and agritourism. Our farmers need—and deserve—the best data to stay competitive. I’m proud to work across the aisle with Congresswoman Tenney on our Fairness in Vineyard Data Act and look forward to getting it passed into law,” said Congressman Morelle.

     

    ###

    MIL OSI USA News –

  • MIL-OSI Africa: International Monetary Fund (IMF) Executive Board Concludes the 2025 Article IV Consultation with Libya

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

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    The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Libya.[1] The Executive Board’s decision was taken on a lapse-of-time basis.

    Real GDP growth is estimated to have declined to around 2 percent in 2024 from 10 percent in 2023, driven by a contraction in the hydrocarbon sector. At the same time, non-hydrocarbon growth remained robust on the back of sustained government spending. Both the current and the fiscal accounts have swung from a surplus in 2023 to a deficit in 2024. Reported inflation remained low.

    The outlook continues to be dominated by developments in the oil sector. Real GDP growth is projected to rebound in 2025, primarily driven by an expansion of oil production, before moderating to about 2 percent over the medium term. Non-hydrocarbon growth is set to remain between 5 and 6 percent in the medium term, supported by sustained government spending. The current account is slated to post a small surplus in 2025 (0.7 percent of GDP) before turning into a small deficit over the medium term, as oil prices remain subdued. The fiscal balance is projected to remain in deficit—albeit at a much lower level than in 2024—under the weight of continued large government spending.

    Risks are tilted to the downside. Domestic risks stem from political instability, potentially evolving into active conflict, disrupting oil production and exports, and preventing progress on much-needed economic reforms. The economy is exposed to global downside risks through its heavy dependence on oil exports and a large import bill.

    Executive Board Assessment[2]

    Economic activity and fiscal and external accounts are poised to remain heavily dependent on developments in the oil sector and subject to downside risks. Following a rebound in oil production, economic growth is expected to be in double digits in 2025, before moderating over the medium term. Despite the expected increase in oil exports, the current account and fiscal balances are set to remain in deficit over most of the forecast horizon, weighed down by the projected softening of oil prices and large fiscal spending. The outlook is subject to downside risks, including the potential intensification of domestic political tensions, which could disrupt oil production and exports, and adverse global economic and geopolitical developments, which would put additional downward pressure on oil prices. To mitigate these risks, accelerating reforms aimed at restraining fiscal spending and diversifying the economy away from oil will be crucial.    

    Controlling expenditure will be key to ensure sustainability and to achieve intergenerational equity. The authorities should remain steadfast in their efforts to agree on a unified budget that outlines priority spending and enhances the transparency and credibility of government fiscal operations. Until such an agreement is reached, pressures to increase spending on salaries and subsidies should be resisted. Over the medium term, a sizable adjustment will be required to set the fiscal position on a sustainable trajectory and preserve intergenerational equity. The adjustment should be carefully designed to rationalize current spending, particularly wages and energy subsidies, and mobilize non-oil revenues, while maintaining capital expenditures at levels that support economic diversification.

    A well-designed monetary and exchange rate policy framework will be essential to help manage economic cycles and mitigate the depreciation pressures. Introducing a well-defined policy rate will enhance the CBL’s capacity in smoothing the economic cycle and alleviating pressures on the dinar and provide a benchmark for the pricing of credit by both conventional and Islamic banks. Phasing out the foreign exchange tax alongside other exchange restrictions in line with Libya’s Article VIII obligations will reduce distortions, lower economic agents’ need to resort to the parallel market and help unify the exchange rate.

    Reforms are needed to reinforce the banking sector’s contribution to economic activity. Impediments to a more active role by banks in the economy remain pervasive. Introducing well-designed savings plans will help to reduce cash hoarding, expand banks’ deposit base, establish bank-customer relationships, and support the provision of credit to the private sector. Enhancing transparency and accountability within the banking sector and promoting financial literacy among the public would foster confidence in banks and increase their footprint in Libya’s economy. Strengthening the AML/CFT framework, including by aligning it with international standards, will be paramount to support the stability of correspondent banking relationships and to ensure that Libyan banks’ operations remain uninterrupted.

    Structural and governance reforms would foster the emergence of a diversified, sustainable, and private sector-led economy. Forging a comprehensive reform program aimed at reducing dependence on oil revenues should be at the top of the authorities’ agenda. Key elements of the reform program should promote a more active engagement of the private sector in economic activity, including by enhancing the business environment and access to finance and introducing labor market measures that encourage private sector employment. Taking decisive actions to tackle corruption, strengthen governance, and enhance the rule of law will support economic diversification further.

    There is a need to enhance data provision and statistical capacity. Data gaps continue to significantly hamper staff’s ability to conduct analysis and provide policy advice. There is a need for the authorities to implement the technical assistance recommendations in the areas of national accounts and external sector statistics, and monetary and financial statistics, and improve data collection and reporting.

    (Main Export: Crude Oil)

    Est.

    Proj.

    2021

    2022

    2023

    2024

    2025

    2026

    2027

    2028

    2029

    2030

    (Annual percentage change, unless otherwise indicated)

    National income and prices

    Real GDP (at market price)

    28.3

    -8.3

    10.2

    1.9

    16.1

    4.4

    1.6

    1.7

    1.9

    2.2

    Nonhydrocarbon

    5.9

    7.9

    -0.6

    14.3

    2.9

    5.9

    4.2

    4.4

    4.8

    5.3

    Hydrocarbon

    45.0

    -17.0

    17.8

    -5.5

    25.6

    3.6

    0.0

    0.0

    0.0

    0.0

    Nominal GDP in billions of Libyan dinars 1/

    159.0

    208.2

    211.9

    234.3

    251.2

    254.2

    265.5

    277.9

    292.0

    306.6

    Nominal GDP in billions of U.S. dollars 1/

    35.2

    43.3

    44.0

    48.4

    47.2

    47.7

    49.8

    52.2

    54.8

    57.6

    Per capita GDP in thousands of U.S. dollars

    5.2

    6.4

    6.4

    7.0

    6.8

    6.8

    7.0

    7.3

    7.5

    7.8

    GDP deflator

    90.4

    42.7

    -7.6

    3.6

    -3.3

    -3.1

    2.8

    2.9

    3.1

    2.8

    CPI inflation

      Period average

    2.9

    4.5

    2.4

    2.1

    2.3

    2.3

    2.3

    2.3

    2.3

    2.3

      End of period

    3.7

    4.1

    1.8

    2.3

    2.3

    2.3

    2.3

    2.3

    2.3

    2.3

    (In percent of GDP)

    Central government finances

    Revenues

    79.5

    85.8

    73.6

    69.8

    67.9

    61.1

    58.5

    56.6

    54.5

    52.4

    Of which: Hydrocarbon

    78.1

    83.9

    71.6

    55.4

    62.1

    59.2

    56.7

    54.7

    52.6

    50.4

    Expenditure and net lending

    64.7

    62.2

    65.4

    94.8

    73.2

    64.6

    61.8

    59.5

    57.1

    54.8

    Of which: Capital expenditures

    10.9

    8.4

    8.7

    34.6

    20.1

    12.8

    12.1

    11.4

    11.0

    10.9

    Overall balance

    14.8

    23.6

    8.2

    -25.1

    -5.3

    -3.5

    -3.3

    -2.9

    -2.7

    -2.5

    Overall balance (in billions of U.S. dollars)

    5.2

    10.2

    3.6

    -12.1

    -2.5

    -1.7

    -1.6

    -1.5

    -1.5

    -1.4

    Nonhydrocarbon balance

    -63.3

    -60.3

    -63.4

    -80.5

    -67.5

    -62.7

    -60.0

    -57.6

    -55.2

    -52.9

    (Annual percentage change unless otherwise indicated)

    Money and credit

    Base Money

    2.8

    -16.9

    47.9

    6.6

    36.8

    9.0

    9.2

    10.0

    10.2

    16.7

    Currency in circulation

    -20.0

    -1.4

    37.6

    13.3

    10.5

    2.2

    1.5

    5.0

    5.0

    5.0

    Money and quasi-money

    -20.3

    12.0

    28.3

    12.2

    4.0

    4.5

    4.5

    5.0

    5.0

    5.0

    Net credit to the government (Libyan Dinar, billion)

    -94.1

    -114.9

    -110.9

    -128.8

    -130.4

    -121.4

    -112.7

    -104.6

    -96.8

    -89.3

    Credit to the economy (% of GDP)

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    0.1

    (In billions of U.S. dollars, unless otherwise indicated)

    Balance of payments

    Exports

    25.9

    32.1

    30.9

    28.4

    32.0

    31.3

    31.6

    32.0

    32.5

    32.9

    Of which: Hydrocarbon

    24.5

    30.0

    28.8

    26.3

    29.9

    29.1

    29.2

    29.7

    30.3

    29.9

    Imports

    17.0

    17.2

    17.7

    21.6

    21.9

    20.5

    20.6

    20.8

    21.0

    21.2

    Current account balance

    5.7

    10.0

    8.0

    -2.0

    0.3

    -0.3

    -0.2

    -0.2

    -0.1

    -0.1

    (As percent of GDP)

    16.1

    23.2

    18.3

    -4.2

    0.7

    -0.5

    -0.4

    -0.3

    -0.3

    -0.1

    Capital Account (including E&O)

    -7.0

    -5.3

    -3.8

    6.5

    -2.8

    -1.4

    -1.4

    -1.4

    -1.3

    -1.3

    Overall balance 2/

    1.1

    4.7

    4.3

    4.5

    -2.5

    -1.7

    -1.6

    -1.5

    -1.5

    -1.4

    Reserves

    Gross official reserves

    69.4

    74.1

    78.4

    82.9

    81.1

    79.4

    77.8

    76.3

    74.8

    73.4

    In months of next year’s imports

    32.2

    32.8

    34.2

    29.6

    31.0

    32.3

    31.5

    30.5

    29.6

    28.8

    Gross official reserves in percentage of Broad Money

    317.0

    318.2

    261.3

    250.3

    262.9

    246.4

    230.9

    215.6

    201.4

    188.2

    Total foreign assets

    79.7

    84.2

    88.5

    93.6

    91.6

    89.7

    87.9

    86.2

    84.5

    82.9

    Exchange rate

    Official exchange rate (LD/US$, period average)

    4.5

    4.8

    4.8

    4.8

    …

    …

    …

    …

    …

    …

    Parallel market exchange rate (LD/US$, period average)

    5.1

    5.1

    5.2

    6.9

    …

    …

    …

    …

    …

    …

    Parallel market exchange rate (LD/US$, end of period)

    5.0

    5.2

    6.1

    6.4

    …

    …

    …

    …

    …

    …

    Crude oil production (millions of barrels per day – mbd)

    1.2

    1.0

    1.2

    1.1

    1.4

    1.5

    1.5

    1.5

    1.5

    1.5

     Of which: Exports

    1.0

    0.8

    1.0

    0.9

    1.1

    1.2

    1.2

    1.2

    1.2

    1.2

    Crude oil price (US$/bbl) 3/

    64.4

    89.6

    75.0

    73.6

    66.9

    62.4

    62.7

    63.6

    64.3

    64.9

    Sources: Libyan authorities; and IMF staff estimates and projections.

    1/ Nominal GDP data are at market prices.

    2/ Includes revaluation of gold holdings of U$10.5 billion in 2024.

    3/ The crude oil price was adjusted for Libya up to 2024.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

    – on behalf of International Monetary Fund (IMF).

    MIL OSI Africa –

  • MIL-OSI Africa: The Success Story of Tamura Oil – Burundi’s Red Gold

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

    Beneath the shade of oil palms, a quiet yet powerful revolution is underway. The Dukundane Cooperative, led by women (95% of its members), stands as a beacon of resilience and innovation, having transformed a once small-scale activity into a thriving semi-industrial enterprise.

    Founded in 2014 following women’s leadership training under the Women’s Peace and Humanitarian Fund (WPHF), the cooperative initially brought together women crafting and selling brooms from palm fibers. By 2020, they had taken a transformative step – launching artisanal palm oil production.

    The foundation for this transformation was laid in 2018 under axe 6 of the WPHF, which supports the socio-economic recovery and political participation of women and girls in peacebuilding contexts. That year, 175 women peace actors and dialogue facilitators – locally known as Abakanguriramahoro or “women mediators”—received financial support in Karonda. These women had already been active in conflict prevention and community mediation.

    With a grant of USD 180,000 from the WPHF, they expanded their economic activities using a holistic approach to palm tree valorization: from palm oil extraction to soap production from palm nuts and organic fertilizer from processing residues.

    This marked a turning point in women’s economic empowerment in the region. Yet, the initiative still faced challenges due to limited equipment and technical capacity, underscoring the need for more structured support.

    By 2025, with new backing from the Peacebuilding Fund (PBF) and UN Women, the group officially became the Dukundane Cooperative. With a total investment of 603 million Burundian francs, a modern semi-industrial processing plant was established with the help of the implementing partner FVS “Amie des Enfants.” The plant features: a Sterilizer, Sorting table, Destemmer, Kneader, Oil press, Decanters, Steam cooking pots, Water tank and Steam boiler.

    Today, the cooperative processes 10,000 kg of palm bunches daily, yielding approximately 2,500 to 3,000 liters of oil under the Tamura Oil brand.

    “We thank all our partners who made it possible to establish this semi-industrial unit capable of producing refined oil that can compete in the market,”
    — Frida Ndagijimana, President of the 185-member cooperative, including 175 women.

    A Tool for Peace and Empowerment

    Beyond oil production, the cooperative now manages over two hectares of oil palm plantations. The facility includes a sorting shed, storage shed, staff toilets and changing rooms, and an office building.

    With support from national technical bodies such as the National Center for Food Technology (CNTA), Burundi Bureau of Standards (BBN), Palm Oil Office (OHP), and implementing partner CREOP-JEUNES, Dukundane has become a national model for women’s economic empowerment and local development.

    But the story doesn’t end with economic gains. This initiative is a concrete manifestation of UN Security Council Resolution 1325, which emphasizes the critical role of women in peacebuilding. In Karonda, that vision is now firmly rooted—and bearing fruit.

    – on behalf of UN Women – Africa.

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    MIL OSI Africa –

  • MIL-OSI Africa: Djibouti: Staff Concluding Statement of the 2025 Article IV Mission

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

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    Djibouti has been navigating regional tensions well, with robust growth, moderate inflation, and recovering reserves. In response to global uncertainties and domestic debt challenges, the authorities plan significant fiscal consolidation, including leveraging state-owned enterprises (SOE) dividends meaningfully, and advancing creditor dialogue. The authorities remain dedicated to investing in human capital and creating favorable investment conditions for job creation.  

    Djibouti’s economic resilience and contribution to regional stability 

    Djibouti helps maintain regional stability by supporting maritime security and facilitating humanitarian responses during crises. Djibouti’s GDP per capita has effectively doubled over the past decade thanks to significant investments that have contributed to the modernization of the economy. However, declining government revenues and increasing debt service have placed considerable strain on public finances, leading to unsustainable levels of public debt and diminishing reserves. Growth has not created enough jobs in the formal sector, while fiscal space to finance development needs is limited.

    The authorities are leveraging Djibouti’s growth resilience to advance fiscal consolidation and rebuild reserves. Growth is expected to have exceeded 6.5 percent in 2024 due to increased transshipments amid Red Sea tensions, while moderate international food and energy prices kept inflation in check. The government deficit was reduced from 3.5 percent of GDP in 2023 to 2.6 percent in 2024 following a brief period of fiscal overruns and deficit monetization, and reserves have begun to recover partially offsetting the decline observed since late 2023, though they remain below the monetary base. 

    The outlook is positive but subject to risks in an uncertain global context. Growth is projected to remain dynamic at around 6 percent this year and to continue over the medium term, albeit at a slower pace. Ethiopia’s robust economy is expected to boost Djibouti’s port activities; however, fiscal consolidation and the phasing out of large-scale investments may temper growth. Key risks include regional conflicts potentially increasing migration and affecting social stability amid a constrained fiscal space, and trade policy shifts that could depreciate the dollar and Djibouti franc, enhancing service exports but also raising inflation. Nonetheless, it is worth noting that Djibouti has successfully navigated several shocks over the past few years, including COVID-19, the 2022 Tigray crisis, the Ukraine war, and the 2024 Red Sea maritime disruptions.

    Leveraging resilience for fiscal sustainability and rebuilding reserves  

    In the face of high global and regional uncertainty, Djibouti needs to quickly strengthen its economic resilience by restoring debt sustainability, safeguarding the currency board, and fostering inclusive growth. To this end, the authorities intend to strengthen fiscal consolidation and enhance financial transparency and governance of state-owned enterprises (SOEs) to unlock sustainable and meaningful dividend contributions to the national budget, restore reserves, and encourage private sector growth while protecting vulnerable populations.  

    Durable fiscal consolidation is essential for restoring debt sustainability. The substantial fiscal adjustment frontloaded in the 2025 budget and the balanced budget target for 2026 onward are welcome steps. To sustain progress, it is essential that all governmental entities endorse annual fiscal targets that align with a medium-term fiscal consolidation strategy. Success depends on robust expenditure management via the diligent operationalization of the recently approved Public Financial Management Reform Strategy and Action Plan 2024–27. Furthermore, a comprehensive fiscal roadmap should continue to broaden the tax base by enhancing VAT and capital income taxation, rationalizing tax exemptions included in the investment code and the Free Zones regime, and finalizing the digitization of tax agencies. The effective establishment of the tax policy unit remains a priority for accurately assessing tax bases and enhancing tax reform efficiency. Operationalizing the recently created large taxpayer office will also bolster compliance and revenue collection.

    As Djibouti negotiates new terms for debt liabilities with creditors, well-managed and profitable SOEs can significantly aid national fiscal consolidation and restore reserves at the Central Bank of Djibouti (CBD), particularly following the dissolution of the Sovereign Wealth Fund (SWF). Building on ongoing efforts to improve SOE transparency and governance, it will be critical for the Executive Secretariat in charge of the State Portfolio (SEPE) to collect all SOEs’ financial statements and monitor their performance. Swiftly implementing the Code of Good Governance is also essential for establishing a more transparent dividend policy tied to SOE performance, thereby mobilizing dividends more consistently and meaningfully for the budget, improving SOE efficiency and services, and appropriately right-size them. Additionally, fiscal transparency can be strengthened by discontinuing financial settlement practices for clearing government arrears with SOEs, and by improving coordination among the Ministry of Budget, line ministries, and SEPE for more effective budget risk management.

    Alongside fiscal consolidation, completing ongoing debt negotiations and addressing outstanding arrears with external partners are critical for debt sustainability. Equally important is implementing binding limits on borrowing for the central government, SOEs, including their participation in public-private partnerships, and ensuring these are enforced by the Public Sector Debt Committee. 

    The mission is encouraged by the recent recovery in reserves and urges continued progress. To strengthen the currency board, the authorities plan to amend the CBD law to enhance its autonomy, which will help sustain reserves, exchange rate, and inflation stability. They also plan to introduce reserve requirements as a prudential tool, with implementation expected to follow a phased approach. Additionally, under MENAFATF’s enhanced monitoring, Djibouti is reforming its AML/CFT framework, improving the business climate, and enhancing oversight of the banking sector due to its significant offshore component and rising government exposure. To facilitate policy making, the authorities are leveraging technical assistance provided by the IMF to enhance their coverage and quality of statistics relevant to surveillance, with a focus on national accounts, the fiscal and external sectors.

    Advancing inclusivity through private sector development and employment creation  

    The government aims to foster economic growth and social equity. They aim to improve the existing targeting of the current fuel subsidy scheme. In order to create a more effective and equitable social protection system and reduce budget exposure to international energy prices, the authorities should gradually replace the current subsidy system with the strengthening of targeted cash transfers to the most vulnerable households, relying on the national social register. To attract investments and create jobs, they are enhancing access to education and job training under the 2021–35 education master plan. They aim to diversify the economy in sectors such as logistics and connectivity, tourism, agribusiness, and fisheries. To enable economic diversification, it is essential to develop a comprehensive roadmap with specific actions aimed at enhancing access to finance, streamlining administrative procedures, and expanding reliable and affordable internet services and electricity, including through increased bill collection, technical efficiency, and the adoption of cost-efficient renewable energy. These initiatives will enhance Djibouti’s business environment, which is already supported by a stable macroeconomic climate, a currency board, ports infrastructure, and connectivity to Ethiopia’s large market, all aligning with the objectives of Djibouti Vision 2035.

     “The mission team expresses deep appreciation to the Djiboutian authorities and other counterparts for their warm hospitality, excellent cooperation and candid discussions, and looks forward to continuing close engagement.” 

    – on behalf of International Monetary Fund (IMF).

    MIL OSI Africa –

  • MIL-OSI USA: Lummis Leads Digital Asset Subcommittee Hearing Highlighting Need for Clear Regulations for Digital Assets

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    June 25, 2025

    Washington, D.C.— Senate Banking Subcommittee on Digital Assets Chair Cynthia Lummis (R-WY) led the Digital Asset Subcommittee Hearing entitled “Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure” highlighting the need to clearly allocate jurisdiction among regulators in order to maintain the United States’ leadership in financial innovation.

    “The days of America sitting on the sidelines while the digital asset industry moves overseas are over,” said Lummis. “For the first time in our nation’s history, we have the most pro-digital asset president in U.S. history, and we have a chairman at the helm of the Banking Committee who sees the immense value in the United States leading on digital assets. We must work to immediately pass comprehensive market structure legislation to secure our financial future for generations to come. Digital assets are the future, and we must ensure the United States leads the way.”

    Senator Lummis’ full remarks can be found here.

    MIL OSI USA News –

  • MIL-OSI USA: LEADER JEFFRIES: “THE FACT THAT THE ADMINISTRATION CONTINUES TO RUN AWAY FROM CONFRONTING THESE SITUATIONS ON CAPITOL HILL IS VERY PROBLEMATIC”

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries appeared on MSNBC’s Morning Joe where he emphasized that Iran is a sworn enemy of the United States and the Trump administration must follow the Constitution and stop hiding its actions in the Middle East from Congress and the American people.

    JOE SCARBOROUGH: Leader Jeffries, thanks so much for being with us. I’m wondering, do you consider his win last night in New York City, do you think it provides a roadmap for Democrats running in 2026 on how to energize the base?

    LEADER JEFFRIES: I think what’s clear is that the relentless focus on affordability had great appeal all across the City of New York. He also clearly out-worked, out-organized and out-communicated the opposition. And when someone is successful in being able to do all three things at the same time, it’s usually going to work out for them.

    JOE SCARBOROUGH: Yeah, The New York Times editorialized that he was not qualified to be mayor. Of course, The Wall Street Journal and others say that he is far too extreme on economic issues and even issues involving Israel. I’m curious what your thoughts are on him ideologically. Is that—does he have an ideology that you would want your candidates in 2026 to have?

    LEADER JEFFRIES: Well, from the standpoint of House Democrats and what our focus has been, clearly, we have an affordability crisis in the United States of America, and our focus will continue to be on driving down the high cost of living in this country. Donald Trump promised to lower costs on day one. Costs haven’t gone down. They’re going up. He’s crashing the economy in real time, his tariffs are going to impose thousands of dollars in additional cost on everyday Americans per year and he may even be driving us toward a recession. That’s the reason why Donald Trump has become so unpopular, it’s because he’s failed the country on the economy. And so, our vision is going to be for an affordable America—work hard, play by the rules, live the good life, provide a comfortable living for yourself and for your family. That means being able to actually afford a home, educate your children, have access to healthcare, go on vacation with your children and your family every now and then and, of course, Joe, one day retire with grace and dignity.

    JOE SCARBOROUGH: Democrats look at Donald Trump’s approval ratings and you have a lot of other Democrats and people on media asking the question, why is the Democratic Party’s approval ratings, why are they lower than Donald Trump’s? I take it that’s something that you all grapple with every day. Why has the Democratic Party over the past year found itself at sort of its lowest ebb in recent history? And how do Democrats get out of that?

    LEADER JEFFRIES: Yeah, no, it’s a very important question and, listen, institutions are unpopular right now in the United States of America and that includes, of course, the Democratic Party and the Republican Party. The dynamics that we have to work through, of course, one, Donald Trump and Republicans have given the American people every reason to run away from them, and it’s going to be important for us to continue to make clear why this administration failed on the economy, failed foreign policy, trying to take away healthcare from tens of millions of Americans, ripping food out of the mouths of children and seniors and veterans. Of course, all of that is problematic, all of that is unpopular. That’s why the One Big Ugly Bill has such a high disapproval rate in the United States of America. We also recognize, as Democrats, that it’s going to be important for us to articulate our affirmative agenda, what we stand for, this principle of working hard and playing by the rules, being able to live the good life, an affordable life for hardworking American taxpayers. And that is something that we’re going to have to lean into. The other thing I’d note, Joe, as you know, perhaps the most important thing in terms of a midterm election dynamic, is what’s the generic ballot say to us? Every single significant generic ballot poll has House Democrats beating House Republicans consistently, including a recent Fox News poll that had us up by about eight points. And so, at the end of the day, yes, we have to lean into improving the Democratic brand. But at the end of the day, what will be most significant, most important is how our vision contrasts with the management of this President, which has been a failure in the United States of America.

    JONATHAN LEMIRE: Leader Jeffries, let’s turn you now to the situation in Iran. We played some sound from you earlier in the show, expressing unhappiness that the administration briefing was postponed. The White House saying it’s well, it’s so Secretary of State and the Secretary of Defense can be part of it later this week. Is that acceptable to you, and do you have concerns that the administration is not being fully forthcoming as to what actually transpired in Iran over the weekend?

    LEADER JEFFRIES: Yes, there’s every reason to be concerned. There was this briefing that had been scheduled to take place in the House of Representatives and in the Senate. There was absolutely no reason that we’ve been provided that it should have been canceled in terms of the important questions that need to be asked and answered by the Trump administration. What was the imminent threat to the safety and security of the United States of America that justified this strike without seeking the congressional authorization required by the Constitution? What is the assessment of the damage that was done to Iran’s nuclear program? Was it completely and totally decimated? No evidence to date has been provided to suggest that that representation made by Donald Trump is accurate. What is the plan to avoid another costly failed war in the Middle East? Why was aggressive diplomacy abandoned by the Trump administration, notwithstanding the success that had taken place under President Obama’s administration in actually pushing back Iran’s nuclear aspirations. These are questions that need to be answered by the administration. And the fact that they continue to run away from confronting these situations on Capitol Hill is very problematic.

    JONATHAN LEMIRE: So, Leader Jeffries, to that point, you and many people who have had your position in the decades before this, have expressed frustration when presidents don’t seek congressional authority for military action like this. Do you feel like that a greater good was achieved here if Iran’s program was, if not destroyed, but at least significantly delayed? What should be the next steps for this administration in this process?

    LEADER JEFFRIES: Well, to be clear, Iran can never be allowed to become a nuclear-capable power. Iran is a sworn enemy of the United States, of Israel, of Jordan, of our allies in the Middle East, a sworn enemy of the free world. But the question, of course, is, was this strike successful in meaningfully pushing back Iran’s nuclear aspirations, or is it going to complicate things in the Middle East in ways that put our men and women in uniform, American troops and America in harm’s way? That’s simply the reason that having an all-Member briefing on Capitol Hill sooner rather than later is important so these answers can be obtained for the American people, the representatives of the American People, in the United States Congress. That is the reason, fundamentally, why it’s been Congress that was given the power to declare war, to authorize military force and when administrations act differently, they have an obligation and a responsibility to provide the facts, the evidence and the truth, justifying their actions to the American people.

    JOE SCARBOROUGH: Well, this has been the debate, and we talked about it yesterday with another Member of Congress. This has been a debate going back 30, 40, 50 years. Obviously Republicans were saying this after Barack Obama attacked Libya. Republicans were saying this with Bill Clinton in the 1990s on Kosovo. But if you’re going to have a surprise attack with B-2 bombers that are going to be going over to Iran, striking their nuclear facilities. Do you think it’s a good idea to inform 535 members of Congress before that operation takes off?

    LEADER JEFFRIES: Well, the key here is what was the imminent nature of the threat that justified immediate military action and surprise military action—

    JOE SCARBOROUGH: Right—

    LEADER JEFFRIES: If there was no imminent threat—

    JOE SCARBOROUGH: Well, the United Nations, I’m curious if you’re concerned, like the United Nation’s nuclear agency, the IAEA had said that Iran had already enriched uranium up to 60 percent, and as you know, the jump from 60 to 100 percent is negligible, and had enough enriched uranium for several weapons. Would you consider that to be considerable enough? A considerable enough threat to strike Iran under those circumstances?

    LEADER JEFFRIES: Well, certainly it’s a challenging situation, but one of the reasons why we need a briefing, Joe, is to have an understanding, was that enriched uranium even damaged or was it removed by the Iranians prior to the strike? We don’t know the answers to that question. It certainly is something that should be talked about, and the American people should be informed about the reality of whether it was a successful strike or not. In terms of the Iranian nuclear threat, I think we’ve all been clear that Iran can never be permitted to become nuclear capable. But the constitution is not a mere inconvenience, it’s the reality and if members of the executive branch, if hawkish individuals across the country want to change things, there’s Article I, Section 8, Clause 11. They can put forward a constitutional amendment but the framers of this country saw fit to vest this authority within the House and the Senate, not the executive branch.

    JOE SCARBOROUGH: Right. And at what point should that be triggered? Should it be triggered by every strike, like, for instance, Barack Obama in 2011 in Libya, or countless strikes by the Bush administration and the Obama administration after September the 11th? Is it every strike or is it when you are going in sending troops in? When do you think that action is triggered?

    LEADER JEFFRIES: Seems to me, and it’s a great question, Joe, that it has to relate to whether the step that was taken, one, is in response to an imminent threat to American interests, and two, whether it’s an act of war. And part of the reason why, after the fact, it’s important for Members of Congress to be able to have a briefing with the administration that is comprehensive and that gives Members the opportunity to ask questions so we can provide these answers to the American people who clearly do not want another failed, costly, deadly war in the Middle East.

    JOE SCARBOROUGH: All right. Leader Hakeem Jeffries, thank you so much for being with us.

    Full interview can be watched here.

    ###

    MIL OSI USA News –

  • MIL-OSI Security: The Justice Department Files Complaint Challenging Minnesota Laws Providing In-State Tuition Benefits for Illegal Aliens

    Source: United States Attorneys General

    Today the United States is challenging laws in Minnesota that provide reduced in-state tuition — and in some cases, free tuition — for illegal aliens. These laws unconstitutionally discriminate against U.S. citizens, who are not afforded the same privileges, in direct conflict with federal law. The Department of Justice has filed the complaint in the District of Minnesota. This challenge builds upon a recently successful lawsuit against the state of Texas on a similar law.

    “No state can be allowed to treat Americans like second-class citizens in their own country by offering financial benefits to illegal aliens,” said Attorney General Pamela Bondi. “The Department of Justice just won on this exact issue in Texas, and we look forward to taking this fight to Minnesota in order to protect the rights of American citizens first.”

    In the complaint, the United States seeks to enjoin enforcement of Minnesota laws that require public colleges and universities to provide in-state tuition rates (and free tuition under certain circumstances, including if they meet a certain income threshold) for illegal aliens who maintain state residency, regardless of whether those aliens are lawfully present in the United States. Federal law prohibits institutions of higher education from providing postsecondary education benefits to aliens that are not offered to U.S. citizens. These laws blatantly conflict with federal law and thus are unconstitutional under the Supremacy Clause of the U.S. Constitution.

    This lawsuit follows two executive orders recently signed by President Trump that seek to ensure illegal aliens are not obtaining taxpayer benefits or preferential treatment.

    Read the complaint here.

    MIL Security OSI –

  • MIL-OSI Global: Will Trump’s high-risk Iran strategy pay dividends at home if the peace deal holds?

    Source: The Conversation – UK – By Natasha Lindstaedt, Professor in the Department of Government, University of Essex

    During Donald Trump’s first term, he made clear that he wanted his foreign policy to be as unpredictable as possible, stating: “I don’t want them to know what I’m thinking.”

    With the US’s recent attack on Iran, Trump certainly kept everyone in suspense. While US enemies may not have known what Trump was thinking, the problem was neither did US allies nor US legislators. Trump apparently did not bother to inform his own vice-president, J.D. Vance, when he had made the decision.

    Trump has portrayed this as a strength, that he is the only one capable of getting certain things done in foreign policy because his unpredictability and risk-taking behaviour gives him more leverage.

    But thus far he has had fewer successes than wins with this approach. His dalliance with North Korean leader Kim Jong-un in Trump’s first term only resulted in the acceleration of North Korea’s nuclear programme.

    His great relationship with Vladimir Putin has so far led to no concessions from Moscow regarding the war in Ukraine, even causing Trump to effectively give up trying to resolve that crisis, at least for now.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    In Trump’s second term his Maga base has been a bit more divided than in his first. On the issue of tariffs, key Republican senators begged him to backpedal with concerns that the new tariffs would be catastrophic for the US economy – one of the issues that propelled him to victory. Yet he went ahead with the tariffs anyway, as some members of his base were in support.

    With the Middle East crisis, Trump supporters appeared to be mostly against the US getting involved in a foreign conflict, with “no more wars” being a common slogan on the campaign trail.

    In the lead up to the US strikes, key leaders in the Maga movement criticised the idea of the US getting involved in the conflict. Right-wing podcaster Tucker Carlson told hawkish Senator Ted Cruz that he should know far more about the regime that the senator wanted to topple. Former Trump strategist Steve Bannon and Representative Marjorie Taylor Green were also calling for the US to stay out of the conflict.

    Before the attacks, a YouGov poll showed that 60% of Americans did not want the US to get involved in the conflict, which has since increased to 80%. However when asked more specifically about support for US strikes on Iran’s nuclear facilities, as many as 94% of Maga Republicans gave their approval.

    Trump announces that the US has carried out air strikes on Iran.

    Is there voter backing?

    Trump also believes he can sell the strikes on Iranian nuclear sites as a huge win, making good on his promise to eradicate Iran’s nuclear programme. The US intelligence community is saying otherwise, but Trump has rejected this.

    Trump took an early victory lap, claiming that Iran’s nuclear programme had been “completely destroyed”. It was arguably comparable to George W. Bush’s “mission accomplished” announcement in May 2003, after Saddam Hussein’s regime in Iraq was ousted by US-led forces. Bush’s approval ratings were as high as 70% in the immediate aftermath, but had plunged by 40 points by 2008 after five years of fighting the Iraqi insurgency that emerged in Hussein’s absence.

    Trump seems to be revelling in taking more risks and being more unpredictable. As he has become increasingly bold in his second term, he has been more willing to test the loyalty of his base when they don’t agree with his instincts. Though the isolationist wing of Maga has been critical, Trump assumes that his base will unite and rally around him.

    Trump was more careful to not betray his base in his first term. Trump had ordered strikes on Iran in 2019, but backed down at the last minute. But now he has gone so far as to suggest the door may be open to regime change in Tehran.

    With the ceasefire now in place (at least in theory), Trump is heralding his action as a huge win. Iran has backed down after a limited attack on its nuclear facilities.

    Just weeks ago, the US seemed less relevant in the Middle East, and more likely to follow Israel’s instructions than the other way around. With Trump’s confidence growing, it is now Trump that is telling Israel that he is not happy.

    For Trump the risks involved were huge. There may appear to be the potential for some short-term domestic political gains if the ceasefire holds. But Trump may not have thought through the long-term implications of his decision on stability in the Middle East more generally, or what voters will think about his foreign policy gambles when the next election rolls around.

    Natasha Lindstaedt does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Will Trump’s high-risk Iran strategy pay dividends at home if the peace deal holds? – https://theconversation.com/will-trumps-high-risk-iran-strategy-pay-dividends-at-home-if-the-peace-deal-holds-259736

    MIL OSI – Global Reports –

  • MIL-OSI Global: Will Trump’s high-risk Iran strategy pay dividends at home if the peace deal holds?

    Source: The Conversation – UK – By Natasha Lindstaedt, Professor in the Department of Government, University of Essex

    During Donald Trump’s first term, he made clear that he wanted his foreign policy to be as unpredictable as possible, stating: “I don’t want them to know what I’m thinking.”

    With the US’s recent attack on Iran, Trump certainly kept everyone in suspense. While US enemies may not have known what Trump was thinking, the problem was neither did US allies nor US legislators. Trump apparently did not bother to inform his own vice-president, J.D. Vance, when he had made the decision.

    Trump has portrayed this as a strength, that he is the only one capable of getting certain things done in foreign policy because his unpredictability and risk-taking behaviour gives him more leverage.

    But thus far he has had fewer successes than wins with this approach. His dalliance with North Korean leader Kim Jong-un in Trump’s first term only resulted in the acceleration of North Korea’s nuclear programme.

    His great relationship with Vladimir Putin has so far led to no concessions from Moscow regarding the war in Ukraine, even causing Trump to effectively give up trying to resolve that crisis, at least for now.

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    In Trump’s second term his Maga base has been a bit more divided than in his first. On the issue of tariffs, key Republican senators begged him to backpedal with concerns that the new tariffs would be catastrophic for the US economy – one of the issues that propelled him to victory. Yet he went ahead with the tariffs anyway, as some members of his base were in support.

    With the Middle East crisis, Trump supporters appeared to be mostly against the US getting involved in a foreign conflict, with “no more wars” being a common slogan on the campaign trail.

    In the lead up to the US strikes, key leaders in the Maga movement criticised the idea of the US getting involved in the conflict. Right-wing podcaster Tucker Carlson told hawkish Senator Ted Cruz that he should know far more about the regime that the senator wanted to topple. Former Trump strategist Steve Bannon and Representative Marjorie Taylor Green were also calling for the US to stay out of the conflict.

    Before the attacks, a YouGov poll showed that 60% of Americans did not want the US to get involved in the conflict, which has since increased to 80%. However when asked more specifically about support for US strikes on Iran’s nuclear facilities, as many as 94% of Maga Republicans gave their approval.

    Trump announces that the US has carried out air strikes on Iran.

    Is there voter backing?

    Trump also believes he can sell the strikes on Iranian nuclear sites as a huge win, making good on his promise to eradicate Iran’s nuclear programme. The US intelligence community is saying otherwise, but Trump has rejected this.

    Trump took an early victory lap, claiming that Iran’s nuclear programme had been “completely destroyed”. It was arguably comparable to George W. Bush’s “mission accomplished” announcement in May 2003, after Saddam Hussein’s regime in Iraq was ousted by US-led forces. Bush’s approval ratings were as high as 70% in the immediate aftermath, but had plunged by 40 points by 2008 after five years of fighting the Iraqi insurgency that emerged in Hussein’s absence.

    Trump seems to be revelling in taking more risks and being more unpredictable. As he has become increasingly bold in his second term, he has been more willing to test the loyalty of his base when they don’t agree with his instincts. Though the isolationist wing of Maga has been critical, Trump assumes that his base will unite and rally around him.

    Trump was more careful to not betray his base in his first term. Trump had ordered strikes on Iran in 2019, but backed down at the last minute. But now he has gone so far as to suggest the door may be open to regime change in Tehran.

    With the ceasefire now in place (at least in theory), Trump is heralding his action as a huge win. Iran has backed down after a limited attack on its nuclear facilities.

    Just weeks ago, the US seemed less relevant in the Middle East, and more likely to follow Israel’s instructions than the other way around. With Trump’s confidence growing, it is now Trump that is telling Israel that he is not happy.

    For Trump the risks involved were huge. There may appear to be the potential for some short-term domestic political gains if the ceasefire holds. But Trump may not have thought through the long-term implications of his decision on stability in the Middle East more generally, or what voters will think about his foreign policy gambles when the next election rolls around.

    Natasha Lindstaedt does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Will Trump’s high-risk Iran strategy pay dividends at home if the peace deal holds? – https://theconversation.com/will-trumps-high-risk-iran-strategy-pay-dividends-at-home-if-the-peace-deal-holds-259736

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Chinese Premier Attends Symposium with Industry and Business Representatives as Part of Summer Davos 2025

    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

    TIANJIN, June 25 (Xinhua) — Chinese Premier Li Qiang attended a symposium with industry and business leaders at the 16th annual meeting of emerging global leaders of the World Economic Forum, also known as “Summer Davos,” in north China’s Tianjin Municipality.

    After listening to the speeches, Li Qiang noted that the current international situation is undergoing profound and complex changes, creating serious challenges for the economic development of all countries.

    The symposium was attended by about 160 business representatives from more than 30 countries and regions.

    As the head of the Chinese government stated, the Chinese economy maintains the dynamics of stable growth, which is due not only to steadily improving basic indicators and active macroeconomic policy, but also to increased attention to the use of the potential of the market and enterprises. Companies with foreign capital also make an important contribution to this, Li Qiang added.

    China, the Premier of the State Council continued, offers broad opportunities for the development of enterprises with foreign capital.

    Li Qiang pointed out that in a chaotic and unstable world, it is necessary to act in accordance with the trends of the times, actively and effectively confront various challenges and uncertainties, and create a favorable environment for the development of enterprises.

    Against the backdrop of the profound restructuring of the global industrial chain architecture, the quality and efficiency of the industrial complex are particularly important, the Premier of the State Council noted. He added that China has strong industrial complex potential, and its industrial and supply chains are constantly being optimized.

    Stressing the importance of the speed of industrial adoption of new technologies and the capacity for incremental technological upgrading, Li Qiang pointed to China’s large initial user base of various products and services, which facilitates effective interaction between scientific and technological innovation and industrial innovation.

    The Premier stressed that there is ample space and great opportunities for foreign enterprises to participate in scientific and technological cooperation and joint innovation in China.

    Noting that a stable environment for business development is of utmost importance, Li Qiang said that China’s economy has demonstrated stability that can withstand external shocks and maintain its own momentum. This stability, he added, is also reflected in China’s unwavering commitment to opening up, allowing multinational enterprises to achieve greater success and make greater progress in China.

    The Premier expressed the hope that enterprises from various countries will supply more high-quality products and services to the Chinese market, strengthen scientific, technological and industrial cooperation with Chinese companies, more effectively match supply and demand for mutual benefit and win-win results, and jointly promote technological progress and enhance industrial competitiveness.

    The Chinese side will, as before, encourage foreign enterprises to invest in China and establish business here, the head of the Chinese government assured.

    The symposium participants stressed that they remain confident in China’s economic prospects and open cooperation. They expressed their willingness to increase investment in scientific and technological innovation and ensure the smooth operation of industrial and supply chains, thereby achieving greater progress for enterprises in integrating into China’s high-quality development. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: The meeting of the chairman and vice-chairmen of the NPC Standing Committee considered draft amendments and resolutions

    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

    BEIJING, June 25 (Xinhua) — The 46th meeting of the chairman and vice-chairmen of the Standing Committee of the 14th National People’s Congress (NPC) of China was held at the Great Hall of the People on Wednesday to discuss draft amendments to the Law on Punishment for Disrupting Public Order and the Law on Combating Unfair Competition, as well as a draft decision on ratifying the Convention Establishing the International Mediation Organization.

    In addition, a draft resolution on the approval of the financial report on the execution of the central government budget for 2024 was considered.

    At the meeting, chaired by NPC Standing Committee Chairman Zhao Leji, it was decided to submit the above-mentioned documents for consideration at the ongoing 16th session of the 14th NPC Standing Committee.

    In addition, the meeting heard reports on the powers of individual deputies and on personnel changes. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: MINEX Central Asia 2025 forum held in Tashkent

    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

    Tashkent, June 25 (Xinhua) — The MINEX Central Asia 2025 forum on “Enhancing the Role of Central Asia in Ensuring the Security of Critical Mineral Resources” was held in Tashkent, the capital of Uzbekistan, from June 24 to 25.

    The event was initiated by the Ministry of Mining and Geology of Uzbekistan and the Uzbek Technological Metals Plant.

    The forum discussed legislative reforms in the mining sector and incentives established for investors in Uzbekistan in recent years. In addition, it considered how governments and financial institutions can reduce investment risks, adapt the regulatory system to international standards, strengthen institutional capacity and increase investor confidence through open, consistent and reliable processes.

    The forum participants paid special attention to issues of regional cooperation, financing of infrastructure projects and creation of added value at the local level. –0–

    MIL OSI Russia News –

  • MIL-OSI Russia: The Presidents of Belarus and Cuba Discussed Trade and Economic Cooperation in Minsk

    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

    MINSK, June 25 (Xinhua) — Belarusian President Alexander Lukashenko met with Cuban President Miguel Diaz-Canel in Minsk on Wednesday, the press service of the Belarusian head of state reported.

    During the meeting, the leaders of the two countries discussed ways to strengthen bilateral dialogue with an emphasis on developing trade, economic, scientific and technical cooperation. The parties also considered issues on the global and regional agenda, and the interaction of the two states on multilateral platforms.

    A. Lukashenko noted that Belarus offers Cuba not only the export of goods and services, but also active participation in the work to develop all mutually beneficial areas and directions based on a comprehensive and strategic partnership. “We are ready to introduce modern scientific achievements and technologies into the Cuban economy for the successful implementation of joint projects designed for a long-term economic and, above all, social effect,” the Belarusian president said.

    M. Diaz-Canel, in turn, pointed out that Cuba has the political will to give impetus to bilateral relations with Belarus in all areas, especially in the trade and economic sphere. “We are interested in stimulating and encouraging trade in goods. We strive for Belarusian companies to participate more in the implementation of the national plan for the socio-economic development of Cuba until 2030,” the President of Cuba emphasized. –0–

    MIL OSI Russia News –

  • MIL-OSI Canada: Government of Canada opens applications for the AI Compute Access Fund

    Source: Government of Canada News (2)

    Fund will support Canadian SMEs in accessing high-performance compute capacity

    June 25, 2025 – Ottawa, Ontario 

    As artificial intelligence (AI) continues to shape our world, the Government of Canada seeks to harness AI’s opportunities, mitigate its risks and foster trust. With strategic government investments and support for responsible AI adoption, Canada will grow its AI ecosystem and enhance productivity across the country.

    Today, the Government of Canada opened applications for the AI Compute Access Fund, a key initiative under the Canadian Sovereign AI Compute Strategy. This fund will provide up to $300 million for affordable access to compute power for small and medium-sized enterprises (SME) to develop made-in-Canada AI products and solutions.

    A due diligence assessment of each project proposal will be conducted to evaluate:

    • the organization’s capacity and experience to implement the project
    • the project’s ability to achieve AI Compute Access Fund objectives
    • the viability, impact and benefits of the project to Canada

    Investing in AI is vital to building the strongest economy in the G7. The Government of Canada remains steadfast in supporting the nation’s AI ecosystem with strategic investments that will drive both economic growth and responsible technological advancement. With this commitment, the government is unlocking new opportunities for prosperity, resiliency and national security, while strengthening Canada’s leadership position in the global AI landscape.

    The Canadian Sovereign AI Compute Strategy, including the Access Fund, will help:

    • scale Canada’s AI industry
    • increase productivity and drive AI adoption rates across the country
    • make high-performance computing more accessible for small and medium-sized businesses
    • foster groundbreaking, made-in-Canada AI solutions in sectors such as life sciences, energy and advanced manufacturing

    With the AI Compute Access Fund and the broader $2 billion Canadian Sovereign AI Compute Strategy, the government is ensuring that Canadian innovators have the tools they need to compete, drive discoveries and create new jobs in a modern, tech-enabled economy.

    MIL OSI Canada News –

  • MIL-OSI United Kingdom: UK partners with Gavi to help save up to eight million lives by 2030

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    UK partners with Gavi to help save up to eight million lives by 2030

    New UK support will see millions of children vaccinated against some of the world’s deadliest diseases, Foreign Secretary David Lammy announced today at Gavi’s global summit in Brussels.

    • The UK will support Gavi as a leading investor in the Vaccine Alliance, committing £1.25 billion to vaccinate millions of children between 2026-2030.
    • The commitment will help Gavi protect up to 500 million children from some of the world’s deadliest diseases like meningitis, cholera and measles.
    • Gavi’s global vaccination work prevents the spread of dangerous infectious diseases while boosting investment and jobs in UK science as part of the Government’s Plan for Change.

    New UK support will see millions of children vaccinated against some of the world’s deadliest diseases, Foreign Secretary David Lammy announced today at Gavi’s global summit in Brussels.

    The UK’s new £1.25 billion pledge to Gavi, the Vaccine Alliance, extends a close 25-year partnership which has helped to vaccinate over one billion children globally against diseases like meningitis, to prevent more than 18 million lives being lost, and to improve countries economic prospects. Since 2000, when the UK was a founding member, Gavi has generated $250 billion in economic benefits through reduced death and disability. Gavi now receives investment from 56 countries and over 60 organisations. 19 countries have graduated from Gavi support, including India and Indonesia who have now become donors to Gavi.

    Today’s pledge will help Gavi in their mission to protect up to 500 million children between 2026-2030 and save up to eight million more lives.

    It will also have a positive impact at home, creating British jobs and growth, through partnerships with health companies like GSK, which employs about 14,000 people in the UK, as the government delivers on its Plan for Change to boost economic growth.

    Gavi helps strengthen the UK’s health security by preventing the spread of dangerous infectious diseases before they reach our borders. This reduces pressures on our hospitals and health workers, enabling an NHS fit for the future.

    UK Foreign Secretary, David Lammy said:

    Gavi’s global impact is undeniable. Over 1 billion children vaccinated, over 18 million lives saved, over $250 billion injected into the global economy.

    I’m immensely proud of the role the UK has played in reaching these milestones. Our ongoing partnership with Gavi will give millions of children a better start, save lives and protect us all from the spread of deadly diseases.

    GSK is a leading supplier to Gavi, providing vaccines for diseases like malaria and human papillomavirus (HPV). Their partnership supports UK research, science and innovation.

    Earlier this week, Minister for Development Baroness Chapman visited GSK’s research campus in Stevenage, alongside the Gavi CEO, Dr Sania Nishtar and and GSK’s President of Global Health, Deborah Waterhouse. Together they discussed some of the world-leading research being conducted by British scientists, including on new malaria and TB vaccines.

    UK Minister for Development, Jenny Chapman said:

    Our modern approach to development means focussing on where we can have the biggest impact, and on areas the UK can lead. We must ensure every pound delivers for the UK taxpayer and the people we support.

    Our partnership with Gavi does just that. It will save the lives of millions of children around the world, to grow up safe from deadly diseases like cholera and measles. And it will make the world and the UK healthier and safer, helping prevent future pandemics.

    It is partnership based on the UK’s world-leading expertise, not just money. By rolling out vaccines developed by British scientists, Gavi puts our best brains and their innovations on the world stage, and supports UK jobs and growth.

    CEO of Gavi, the Vaccine Alliance, Dr Sania Nishtar said:

    The United Kingdom is one of Gavi’s longest and most committed partners. This pledge for our next strategic period reaffirms its status as a leader in global health and I am delighted that we will be able to count on its support in our next strategic period, working together and leveraging some of the best in British science and innovation as we save lives and fight outbreaks around the world.

    President Global Health at GSK, Deborah Waterhouse said:

    The UK’s world-class infectious disease research continues to inform our work at GSK and combined with our scientific expertise, is enabling GSK to advance malaria prevention and control, directly impacting global health agendas and access strategies.

    As a longstanding partner of Gavi, the Vaccine Alliance – an organisation that plays a vital role in delivering vaccines to children in lower-income countries – we welcome the UK Government’s new pledge to Gavi, to help save up to eight million lives by 2030 and get ahead of disease together.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 25 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: SBA Relief Still Available to Havasupai Tribe Private Nonprofits Affected by Flooding

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible private nonprofit (PNP) organizations in the Havasupai Tribe of the July 25, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by flooding occurring Aug. 22-23, 2024.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs providing non-critical services of a governmental nature who suffered financial losses directly related to the disaster. Examples of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 3.25% and terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.

    Applicants may apply online and receive additional disaster assistance information at sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than July 25.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: SBA Relief Still Available to California Small Businesses and Private Nonprofits Affected by the Chinatown Apartment Complex Fire

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses  and private nonprofit (PNP) organizations in California of the July 25, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the Chinatown Apartment Complex Fire occurring Sept. 13, 2024.

    The disaster declaration covers the California counties of Kern, Los Angeles, Orange, San Bernardino and Ventura.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs impacted by financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than July 25.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI: Fengate Asset Management and Tilbury Properties break ground on new P3 student residence

    Source: GlobeNewswire (MIL-OSI)

    SARNIA, Ontario, June 25, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate), in partnership with Tilbury Properties (Tilbury), broke ground today on the new Lambton College student residence in Sarnia, marking the official start of construction.

    Fengate and Tilbury joined Lambton College students, employees, elected officials, partners, and community stakeholders on site for a groundbreaking ceremony to celebrate the new student residence.

    “Fengate and our partners at Tilbury are proud to be delivering this essential home-away-from-home for students of Lambton College, and we are proud to be on site to break ground on the largest project in the college’s history,” said Mac Bell, Managing Director, Infrastructure Investments at Fengate.

    “Tilbury has deep roots in the local Sarnia community,” said Michael Kaye, Founding Partner at Tilbury. “In 1969, my grandfather’s construction company was awarded the contract to build the first ever Lambton College building on this campus. To be following in his footsteps and partnering with the College on this legacy project that will have a similar impact on the community and Lambton College students for decades to come is truly an honour.”

    Located in the heart of Lambton County, Lambton College is a globally recognized leader in education, innovation, and applied research. As the sole postsecondary institution in the region, the College plays a vital role in the community, driving economic development and diversification, propelling social and environmental innovation, and providing quality education to domestic and international students to ensure a thriving skilled workforce.

    Fengate and Tilbury were selected to design, construct, finance, operate, and maintain the new residence under a public-private partnership (P3) following a competitive procurement process. The partnership recently achieved financial close on the 311-bed on-campus residence and are targeting an opening date of September 2027.

    About Fengate

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $10 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid-market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 50 assets. Learn more at www.fengate.com.

    About Tilbury

    Tilbury Properties is a Canadian real estate development firm focused on purpose-built student housing. Founded in 2020, the company has over 1,000 student beds in various stages of development, making it one of the leading developers in Canada’s student housing sector. Learn more at www.tilburyprop.com.

    Media Contact

    Maddison Sharples
    Vice President, Communications and Marketing
    Fengate Asset Management
    +1 416-254-3326
    Maddison.Sharples@fengate.com

    The MIL Network –

  • MIL-OSI: CADDXFPV: The Innovation Leader in FPV Drone Technology

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, China, June 25, 2025 (GLOBE NEWSWIRE) — In the fast-evolving landscape of technology, where drone innovators shine like stars, CADDXFPV stands out as a heavyweight in first-person view (FPV) drone technology and video transmission systems. Founded on August 7, 2017, in Longgang, Shenzhen, this Chinese tech firm has anchored itself in the FPV domain since day one, embarking on a passionate journey of technological deep-diving.

    Encouraging Development in FPV Ecosystem Expansion

    With technology as its anchor, CADDXFPV has built a global R&D network spanning Shenzhen, Thailand, Hong Kong, and Shanghai. Eighty percent of its 100+ R&D team hail from top universities like Harbin Institute of Technology and Fudan University, infusing academic wisdom into product DNA and making technological breakthroughs the norm:

    2018: Partner of Drone Racing Association, stepping onto the international stage.

    2019: Co-launched the Vista system with DJI, gaining global recognition through technical prowess.

    2020: Entered the lightweight market with nano-sized FPV cameras, filling a niche gap.

    2021–2023: Released the Polar night-vision camera, and joined industry associations—advancing technology and ecosystem development in parallel.

    2024: Partner of FAI World Drone Racing Championship , and participation in the Guangdong-Hong Kong-Macao Greater Bay Area “Fly Valley” initiative—deepening its reach from hardware to ecosystem.

    Notably, CADDXFPV has invested six consecutive years (2019–2024) in global racing events. This isn’t just a brand-building move; it’s a way to refine technology in extreme scenarios, keeping products at the forefront in core metrics like “racing-level stability” and “low latency.”

    Today, CADDXFPV products reach over 100 countries, supported by a network of 400+ dealers and used by 500,000 users worldwide, all witnessing technological iterations firsthand.

    Full Industrial Chain Technology Matrix

    Unlike single-product players, CADDXFPV has constructed a full industrial chain matrix of “digital video transmission systems – intelligent imaging – complete drone solutions,” leveraging technical synergy to serve diverse scenarios from racing to aerial photography and industrial inspection.

    1. FPV Digital Transmission Systems: Redefining “HD & Low Latency”

    CADDX Vista: A benchmark collaboration with DJI, achieving triple breakthroughs in “low latency + HD transmission + ecosystem compatibility “—crafting a “plug-and-play” experience for entry-level pilots.

    Walksnail Avatar: An in-house “industry disruptor” with 1080P/60FPS resolution, 10–50 km transmission range, and cutting-edge tech like HD video transmission SOC chips, low-latency coding algorithms, and multi-sensor fusion navigation—rewriting industry transmission standards.

    Walksnail’s air units offer series like 1S, V2, V3, HD PRO, Moonlight, and GT, covering all scenarios from indoor flying to racing freestyle, night vision, and long-range voyages. Their ultimate video transmission efficiency and HD quality have propelled users from the “analog flight” era to “digital HD.”

    2. Walksnail Ground Units: Crafting “Immersive Flight Terminals”

    Goggles L: A budget-friendly breakthrough with “high cost-performance + strong interactivity”—4.5-inch LCD for clarity, head tracking enabling “look-to-zoom,” directional antennas for signal optimization, and multi-device compatibility, elevating “economy goggles” to flagship experience.

    Goggles X: featuring OLED screens for 1080P/100fps output, HDMI/AV ports, diopter adjustment, and modular design—leaving room for tech upgrades and evolving users from “product buyers” to “ecosystem players.”

    Walksnail VRX: It is compatible with analog goggles and provides real – time signals for converting from analog to digital HD.. 

    3. FPV Intelligent Imaging: All-Scenario Image “Enhancers”

    Tailored for diverse environments, CADDXFPV’s imaging matrix covers “dim light – no light – full color”:

    Ratel Camera: The go-to for night and low-light scenarios, with blacklight sensor + WDR tech, capturing clear details in pitch darkness.

    Infra Series: Designed for security and industrial monitoring, using AI image enhancement boxes to break through “total darkness”—applying FPV tech to professional inspection.

    Ant Camera: The “eyes” of racing pilots, with 1/3 inch CMOS + 165° FOV, balancing clarity and wide view for extreme maneuvers.

    Gazer Camera: Full-color night vision + 3x zoom, with AI enhancement for day details and night clarity.

    Farsight Camera: Merging optics, digital tech, and AI algorithms for 8x intelligent zoom—upgrading FPV shooting from “recording” to “creation.”

    4. FPV Drone: Gofilm 20—The “Night Eye” for Aerial Photographers

    A flagship for low-light aerial photography: 4K starlight camera + 4K DVR, enabling 4K/60FPS recording; 5mg dynamic balance precision + intelligent hovering + vibration isolation tech eliminate “shaky focus” and “frame cropping,” delivering cinematic shots even in dim light.

    Committed to In-House R&D, Constantly Disrupting

    In R&D, over 110 patents stand as testimony—from transmission algorithms to image enhancement, flight control logic to hardware design, CADDXFPV continues to fill FPV technology gaps, making “Chinese R&D” a benchmark for industry innovation.

    In the market, the global FPV sector’s $450 million scale in 2023 and projected $1.206 billion by 2030 validates its potential. Against giants like DJI, CADDXFPV charts a differentiated path: full industrial chain layout for technical synergy, deep engagement in events to hone extreme-scenario performance, and niche-scenario focus to fill multiple gaps.

    Today, it’s no longer just a “product manufacturer” but a “tech ecosystem builder,” pioneering new frontiers in the FPV blue ocean. With the “Fly Valley” initiative and innovation park on the horizon, CADDXFPV will continue driving forward with “tech innovation + ecosystem collaboration,” upgrading global users’ experience from “flight” to “creation”—transforming FPV from a sport into an “aerial perspective” lifestyle.

    The MIL Network –

  • MIL-OSI: American Rebel Light Beer Recaps Successful Title Sponsorship of American Rebel Light Virginia NHRA Nationals

    Source: GlobeNewswire (MIL-OSI)

    American Rebel Light and NHRA Exceed Expectations with Brand Building and Product Penetration as American Rebel Light Outsells Top 2 National Brands Combined

    NASHVILLE, TN, June 25, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, reports that the American Rebel Light Beer title sponsorship of the American Rebel Light Virginia NHRA Nationals June 20 – 22 at Virginia Motorsports Park in Richmond, VA exceeded expectations. American Rebel Light was available at all concession locations selling beer at Virginia Motorsports Park as well as in the American Rebel Light Party Tent and the American Rebel Light Trackside Bar. CEO Andy Ross performed two concerts during the race weekend and the Sunday concert was covered on the FOX broadcast. The American Rebel Light Virginia NHRA Nationals Finals were broadcast on the FOX broadcast network on Sunday, June 22, and re-aired Monday, June 23 and Wednesday, June 25. Additional re-airings of the American Rebel Light Virginia NHRA Nationals are scheduled for Thursday, June 26 from 9 – 11 pm Eastern on FS2 and Friday, June 27 from 3 – 5 am Eastern on FS1. Viewership of the American Rebel Light Virginia NHRA Nationals is expected to approach two million.

    American Rebel Light Beer outsold the top 2 national brands during the race weekend at Virginia Motorsports Park, benefiting from the trackside signage and brand integrations throughout the track. The American Rebel Party Tent was a huge success as race fans escaped from the heat to enjoy a cold Rebel Light. The FOX broadcast announcers and the track PA announcers made frequent references to American Rebel Light and the NHRA drivers were very complimentary of the American Rebel Light title sponsorship during their on-camera interviews and the drivers and crew spotlighted American Rebel Light beer in victory lane celebrations.

    “The NHRA does it right,” said American Rebel CEO Andy Ross. “Everyone is very appreciative of our involvement as title sponsor and everyone from the drivers, their teams and the track express their thanks to American Rebel Light and make sure they have our beer visible and they all are brand ambassadors for us. Everyone knows the sponsor needs to get value for their investment, and they deliver. The buzz at the track and the FOX nationwide broadcasts generate significant interest from potential distributors, bar owners, alcohol buyers for retail and convenience chains and the end customer walking into their local stores and asking for American Rebel Light by name.”

    “The success of this weekend will continue after we leave town,” said American Rebel Beverage President Todd Porter. “Our neon signs and product integration will stay in place and we’ll continue to benefit from this weekend the rest of this racing season and beyond. We were the title sponsor for the American Rebel Light NHRA 4-Wide Nationals at the Charlotte Motor Speedway in late April and they are still selling our beer very well, one of their top sellers.”

    Race fans aged 21 and older had the chance to enjoy American Rebel Light – America’s Patriotic, God Fearing, Constitution Loving, National Anthem Singing, Stand Your Ground Beer at the track concession stands that sold beer. The American Rebel Light Virginia NHRA Nationals introduced American Rebel Light to the state of Virginia and laid a foundation for the expansion of distribution throughout the state.

    American Rebel Light Beer debuted their new television commercial during the FOX Qualifying and Finals broadcasts, airing eight times over the weekend.

    “The support from FOX and the NHRA has been great,” said Andy Ross. “When I watched the re-air of the Finals, I was blown away that the band and I got some coverage. We get lots of compliments from the NHRA and the drivers and their teams for providing entertainment during some of the breaks. It’s really an honor to play for race fans. They are the perfect demographic for the American Rebel brand.”

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: XRP Losing Momentum? PFMCrypto Launches Regulated XRP Mining Contracts, Attracting Hundreds of Thousands of XRP Holders

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, June 25, 2025 (GLOBE NEWSWIRE) — With XRP trading sideways in a prolonged consolidation range, a growing number of holders are seeking new ways to generate profit. In this context, PFMCrypto has emerged as a top choice thanks to its innovative cloud mining platform, offering passive income with high daily payouts—without the need for hardware or technical expertise.

    According to official data, users mining XRP through PFMCrypto earn between $100 and $1,800 per day.These performance figures are not forecasts—they reflect real-world results from millions of users. This is made possible by PFMCrypto’s AI-powered profit optimization and results-focused mining model.. For many XRP holders, this opportunity has become a financial safe haven amid uncertain price action.

    Click here to visit the official site: https://pfmcrypto.net 

    What Is PFMCrypto XRP Cloud Mining?

    PFMCrypto Cloud Mining is a remote digital asset mining platform that allows users to rent eco-friendly, high-performance mining infrastructure and earn cryptocurrency rewards. The platform supports a wide range of assets—including XRP, DOGE, BTC, ETH, BCH, LTC, and SOL—removing both the technical and financial barriers of traditional mining.

    With a 100% remote setup, users don’t need to buy expensive equipment or understand blockchain mechanics. Simply register, select a plan, and start earning daily rewards.

    Key Benefits of PFMCrypto XRP Mining Contracts:

    –  Daily High-Yield Income: Advanced contracts deliver between $600 and $1,800 in daily returns

    –  Principal Protection: Full capital is returned at contract maturity

    –  Multi-Crypto Support: In addition to XRP, users can also mine DOGE, BTC, ETH, BCH, LTC, SOL, etc.

    –  AI-Driven Optimization: The platform uses AI to dynamically adjust mining efficiency based on market conditions

    Flexible XRP Mining Plans for All Investors

    PFMCrypto offers more than 10 different contract options, allowing users to choose a plan that fits their goals and budget:

    $10 Mining Plan – 1-Day Term – Earn $0.60

    $100 Mining Plan – 2-Day Term – Earn $3.00 per day

    $1,000 Mining Plan – 9-Day Term – Earn $13.10 per day

    $5,000 Mining Plan – 30-Day Term – Earn $78.50 per day

    These flexible and innovative plans help long-term XRP holders generate stable income—even in sideways or corrective market conditions.

    Click here to explore more mining contracts.

    “XRP may not see a breakout in the short term, but that doesn’t mean investors have to sit idle,” said a PFMCrypto marketing executive. “Our platform allows XRP holders to continue earning daily income while maintaining their XRP exposure.”

    What Makes These XRP Mining Contracts Stand Out?

    –  100% Remote Access: No hardware or technical skills required—just log in and activate your plan

    –  Capital Safety: Full principal is returned at contract maturity

    –  AI-Powered Returns: Smart optimization ensures profitability even during price stagnation

    –  Predictable Daily Rewards: Improve cash flow and reduce volatility risks with fixed XRP payouts

    New users receive a $10 sign-up bonus and daily login rewards to boost earnings right from the start.

    Click here to become a new user of PFMCrypto.

    How to Start XRP Mining with PFMCrypto:

    1. Register: Create your account and get a $10 welcome bonus plus $0.66 in daily login rewards
    2. Choose a Contract: Use your bonus to activate a plan or select a different option to match your strategy
    3. Start Mining: Once your contract is live, PFMCrypto handles the rest. Rewards are automatically credited to your account

    About PFMCrypto

    Founded in 2018, PFMCrypto is committed to reshaping the traditional crypto mining landscape. For years, mining was reserved for tech-savvy users with custom rigs and access to cheap power. PFMCrypto has made mining accessible to everyday users—allowing them to earn BTC, XRP, and more without any prior experience or large upfront investment.

    For casual investors and crypto veterans alike, PFMCrypto provides a secure and legitimate way to increase crypto holdings and generate steady returns—even in turbulent market conditions.

    Explore the future of XRP mining today at: https://pfmcrypto.net 

    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.

    The MIL Network –

  • MIL-OSI: XRP Losing Momentum? PFMCrypto Launches Regulated XRP Mining Contracts, Attracting Hundreds of Thousands of XRP Holders

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, June 25, 2025 (GLOBE NEWSWIRE) — With XRP trading sideways in a prolonged consolidation range, a growing number of holders are seeking new ways to generate profit. In this context, PFMCrypto has emerged as a top choice thanks to its innovative cloud mining platform, offering passive income with high daily payouts—without the need for hardware or technical expertise.

    According to official data, users mining XRP through PFMCrypto earn between $100 and $1,800 per day.These performance figures are not forecasts—they reflect real-world results from millions of users. This is made possible by PFMCrypto’s AI-powered profit optimization and results-focused mining model.. For many XRP holders, this opportunity has become a financial safe haven amid uncertain price action.

    Click here to visit the official site: https://pfmcrypto.net 

    What Is PFMCrypto XRP Cloud Mining?

    PFMCrypto Cloud Mining is a remote digital asset mining platform that allows users to rent eco-friendly, high-performance mining infrastructure and earn cryptocurrency rewards. The platform supports a wide range of assets—including XRP, DOGE, BTC, ETH, BCH, LTC, and SOL—removing both the technical and financial barriers of traditional mining.

    With a 100% remote setup, users don’t need to buy expensive equipment or understand blockchain mechanics. Simply register, select a plan, and start earning daily rewards.

    Key Benefits of PFMCrypto XRP Mining Contracts:

    –  Daily High-Yield Income: Advanced contracts deliver between $600 and $1,800 in daily returns

    –  Principal Protection: Full capital is returned at contract maturity

    –  Multi-Crypto Support: In addition to XRP, users can also mine DOGE, BTC, ETH, BCH, LTC, SOL, etc.

    –  AI-Driven Optimization: The platform uses AI to dynamically adjust mining efficiency based on market conditions

    Flexible XRP Mining Plans for All Investors

    PFMCrypto offers more than 10 different contract options, allowing users to choose a plan that fits their goals and budget:

    $10 Mining Plan – 1-Day Term – Earn $0.60

    $100 Mining Plan – 2-Day Term – Earn $3.00 per day

    $1,000 Mining Plan – 9-Day Term – Earn $13.10 per day

    $5,000 Mining Plan – 30-Day Term – Earn $78.50 per day

    These flexible and innovative plans help long-term XRP holders generate stable income—even in sideways or corrective market conditions.

    Click here to explore more mining contracts.

    “XRP may not see a breakout in the short term, but that doesn’t mean investors have to sit idle,” said a PFMCrypto marketing executive. “Our platform allows XRP holders to continue earning daily income while maintaining their XRP exposure.”

    What Makes These XRP Mining Contracts Stand Out?

    –  100% Remote Access: No hardware or technical skills required—just log in and activate your plan

    –  Capital Safety: Full principal is returned at contract maturity

    –  AI-Powered Returns: Smart optimization ensures profitability even during price stagnation

    –  Predictable Daily Rewards: Improve cash flow and reduce volatility risks with fixed XRP payouts

    New users receive a $10 sign-up bonus and daily login rewards to boost earnings right from the start.

    Click here to become a new user of PFMCrypto.

    How to Start XRP Mining with PFMCrypto:

    1. Register: Create your account and get a $10 welcome bonus plus $0.66 in daily login rewards
    2. Choose a Contract: Use your bonus to activate a plan or select a different option to match your strategy
    3. Start Mining: Once your contract is live, PFMCrypto handles the rest. Rewards are automatically credited to your account

    About PFMCrypto

    Founded in 2018, PFMCrypto is committed to reshaping the traditional crypto mining landscape. For years, mining was reserved for tech-savvy users with custom rigs and access to cheap power. PFMCrypto has made mining accessible to everyday users—allowing them to earn BTC, XRP, and more without any prior experience or large upfront investment.

    For casual investors and crypto veterans alike, PFMCrypto provides a secure and legitimate way to increase crypto holdings and generate steady returns—even in turbulent market conditions.

    Explore the future of XRP mining today at: https://pfmcrypto.net 

    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.

    The MIL Network –

  • MIL-OSI USA: Kamlager-Dove, Malliotakis Launch Recommerce Caucus to Power America’s Secondhand Economy

    Source: United States House of Representatives – Congresswoman Sydney Kamlager California (37th District)

    New Bipartisan Caucus to Champion the U.S. Small Businesses and Entrepreneurs Driving the Growing Recommerce Economy

    WASHINGTON, D.C. — Today, Congresswomen Sydney Kamlager-Dove (D, CA-37) and Nicole Malliotakis (R, NY-11) announced the launch of the Recommerce Caucus, a bipartisan coalition dedicated to championing the growing recommerce economy—the buying and selling of pre-owned, refurbished, and secondhand goods.

    The caucus will prioritize empowering small sellers, expanding digital access, and strengthening sustainability through recommerce—a sector projected to reach $1.04 trillion globally by 2035.

    “As a lifelong thrifter and advocate for sustainable business practices, I’m proud to partner with Rep. Malliotakis to launch the bipartisan Recommerce Caucus,” said Rep. Kamlager-Dove. “Recommerce is more than a trend—it’s a growing economic engine that provides consumers with affordable, high-quality goods and gives entrepreneurs, small businesses, and resellers access to trusted, thriving marketplaces. Together, we’re committed to advancing policies that support the circular economy, reduce waste, and empower buyers and sellers nationwide.”

    “As more Americans turn to resold, refurbished, and repaired items, I’m joining my colleague, Rep. Sydney Kamlager-Dove, in launching the bipartisan Recommerce Caucus. We support the efforts of leading industry platforms to create trusted spaces for buying and selling in the growing secondhand economy,” said Rep. Malliotakis. “Supporting the growth of the recommerce market will help create new economic opportunities and benefit American small businesses and entrepreneurs.”

    “As the pioneer of online recommerce, we believe recommerce is about more than transactions—it’s about connection, sustainability, and unlocking economic opportunity. At eBay, we’re proud to support the formation of the new Recommerce Caucus and look forward to working with Congress to highlight how recommerce empowers small businesses, entrepreneurs, and enthusiasts in communities across the country,” said Jamie Iannone, President and CEO of eBay, Inc.

    “Poshmark is proud to support the Recommerce Caucus, an initiative that aligns perfectly with our mission of putting people at the heart of commerce, empowering everyone to thrive. As a member of the PASS Coalition, we understand the positive impact policy can have on the secondhand market, and we look forward to collaborating with the Caucus to champion policies that support innovation and growth of entrepreneurship across the country,” said Manish Chandra, founder and CEO of Poshmark.

    “Etsy believes in the power of conscious consumerism and empowering small businesses and micro-entrepreneurs. The Recommerce Caucus is a shining example of how, by embracing the circular economy, we can champion a more sustainable future and create meaningful economic opportunities for sellers nationwide,” said Chelsea Mozen, Senior Director of Impact and Sustainability at Etsy.

    “The Recommerce Caucus supports Depop’s mission to make fashion circular. For us, this is about extending the life of clothes, empowering a new generation of creative entrepreneurs and connecting a global community that’s reshaping fashion. By advocating for policies that grow resale culture, we’re not only making desirable secondhand fashion more accessible, we’re also unlocking economic opportunities for individuals and small businesses. Together we’re shaping a more sustainable future where everyone can discover and express their style through circular fashion,” said Peter Semple, Interim CEO at Depop.

    “American Circular Textiles applauds Representatives Kamlager-Dove and Malliotakis for launching the bipartisan ReCommerce Caucus. For too long, resale, repair, and reuse have been sidelined in policy conversations, despite their critical role in reducing waste, creating jobs, and giving everyday Americans the chance to participate in the circular economy. This caucus reflects a long-overdue recognition of the entrepreneurial power and environmental impact of recommerce. At a time when consumers are price-sensitive and seeking more affordable, sustainable options, recommerce offers critical access—not only to income, but to quality goods at lower costs. We look forward to working with the caucus to support national policies and build domestic infrastructure that supports reuse at scale—from digital marketplaces facilitating global trade to local repair and resale hubs—to ensure the United States leads in circular innovation,” said Rachel Kibbe, Founder and CEO, American Circular Textiles.

    “OfferUp is proud to support the launch of the Recommerce Caucus. As a mobile-first marketplace serving communities nationwide, we know how important it is to make resale simple, trusted, and accessible—especially at the local level. Every day, our millions of users show us how local recommerce helps them earn income, find affordable goods, and keep quality items in use. We look forward to working together to ensure more Americans can benefit from the powerful economic and environmental impact of this growing movement,” said Nathan Garnett, Chief Business Officer, OfferUp.

    “Mercari strives to be a planet-positive company that contributes to solving environmental issues through our mission to help circulate all forms of value to unleash the potential in all people. We are excited to be part of the launch of the Recommerce Caucus in the United States Congress, and applaud Rep. Malliotakis and Rep. Kamlager-Dove for their innovative leadership recognizing the paradigm shift happening in retail as consumers are not simply looking to make extra money and find bargains, but also becoming more conscious about the impact shopping habits can have on the planet. We’re glad to have such thoughtful champions and are eager to work together to continue to grow the circular economy,” said Shintaro Yamada, Mercari CEO.

    The Recommerce Caucus is committed to:

    • Empowering small sellers and entrepreneurs by advocating for policies that help individuals and small businesses earn income through resale, repair, and refurbishment on digital platforms.
    • Promoting a sustainable, circular economy by supporting initiatives that extend product life cycles, cut down on landfill waste, and encourage environmentally responsible commerce.
    • Ensuring access to digital marketplaces by reducing participation barriers and promoting digital access so all Americans can fully benefit from recommerce’s economic potential.

    The caucus is endorsed by a growing coalition of leading platforms and advocates, including eBay, Etsy, Mercari, OfferUp, Pinterest, Poshmark, Red Bubble, and the PASS Coalition.

    Background:

    Recommerce—the resale, repair, and refurbishment of goods—is transforming the way Americans participate in the economy. In 2024, 58% of consumers purchased secondhand apparel, with 56% of those transactions occurring online. Platforms like eBay, Etsy, and Poshmark are lowering barriers for entrepreneurs and small sellers, while helping reduce waste and extend the life of everyday products.

    As consumers increasingly prioritize affordability and sustainability, recommerce is becoming a cornerstone of the circular economy. The Recommerce Caucus aims to ensure federal policies keep pace with this growth — supporting small businesses and entrepreneurs, fostering innovation, expanding digital access, and promoting sustainable commerce.

    # # #

    MIL OSI USA News –

  • MIL-OSI Europe: Speech by President António Costa at the Gavi’s High-Level Pledging Summit 2025

    Source: Council of the European Union

    On 25 June 2025, the EU co-hosted the Gavi 6.0 High-Level Pledging Summit. In his remarks, European Council President António Costa reaffirmed the EU’s unwavering commitment to global health and immunisation, highlighting Team Europe’s financial pledge to support Gavi’s mission of saving lives and strengthening health systems worldwide.

    MIL OSI Europe News –