Category: Economy

  • MIL-OSI USA: Reimaging Rochester with Bull’s Head Empowerment Center

    Source: US State of New York

    overnor Kathy Hochul today announced a transformational $23.6 million project to establish the Bull’s Head Empowerment Center on Clifton Street in Rochester. The Empowerment Center, located within the City’s 12.8-acre Bull’s Head Neighborhood Brownfield Opportunity Area, will see the adaptive reuse and expansion of an existing building into a fully occupied mixed-use center that will house workforce development programming, not-for-profit services, and local businesses. Confirmed tenants include a construction workforce development center, two construction firms, and several non-profit organizations, a 24-hour daycare operated by Action for a Better Community, and a proposed coffee shop. New York State is providing $3 million for the project through the Regional Revitalization Partnership (RRP) initiative.

    “The public-private Regional Revitalization Partnership is serving as a national model and catalyst for economic development,” Governor Hochul said. “This investment in the Bull’s Head Empowerment Center in Rochester represents another shining example of the initiative’s success. By targeting these neighborhoods in Rochester, Buffalo and Niagara Falls, New York State is lifting up and transforming disadvantaged communities, building a more equitable future for all New Yorkers.”

    The project, led by USC Builds, a certified New York State Minority and Women-Owned Business Enterprise (MWBE) member, serves as an early anchor for the City’s $350 million Bull’s Head Revitalization Plan aimed at helping to create equitable and enhanced job and business opportunities, provide quality housing and improved public infrastructure. The center is expected to be operational in the spring of 2027.

    USC Builds President Melissa Suchodolski said, “We are deeply grateful to Empire State Development for this $3 million investment in the Bull’s Head Empowerment Center. This support marks a meaningful step toward realizing our vision for 160 Clifton Street — a space where equity and economic opportunity can take root. By bringing workforce training, affordable childcare and local business support under one roof, we’re laying the foundation for a community resource designed to meet real needs in one of Rochester’s most historically disinvested neighborhoods.”

    Action for a Better Community President and CEO Jerome Underwood said, “For anyone who has lived in Rochester for the past 30 years the revitalization of the Bulls Head Plaza has been a long time coming. As we mark Action for a Better Community’s 60th anniversary of services to the Rochester community we are thrilled to be an integral part of this development. ABC looks forward to providing high quality and affordable childcare to those who so desperately need it. We applaud the vision of the development team and the wisdom of the State to fund this crucial project.”

    The Empowerment Center is directly adjacent to the West Main Gateway project, which received an RRP investment of $10 million. The project is designed to help revitalize the West Main Street Corridor from West Genesee Street to West Broad Street, a historically significant but long-underinvested area of Rochester.

    Phase one of Rochester’s approved RRP includes 14 projects totaling over $40 million in investment across key commercial corridors, riverfront activation, and workforce development. A full list of projects can be found here.

    Overall, Rochester is set to receive a combined $80 million RRP investment, which includes major additional investments in the City’s ongoing waterfront efforts, such as ROC the Riverway and High Falls State Park; further support for multi-faceted workforce training programs and facilities; and targeted small business assistance along commercial corridors in that city’s most disadvantaged neighborhoods. OneROC serves as the regional intermediary for the RRP in Greater Rochester, ensuring that investments are strategically aligned, collaborative, and impactful.

    Rochester Mayor Malik D. Evans said, “The Bull’s Head Empowerment Center will play a critical role to restore the historic Bull’s Head neighborhood to its place of prominence as Rochester’s western gateway. I want to thank Governor Kathy Hochul and Empire State Development President Hope Knight for making the critical investments to make this project a reality. I’m also grateful for the leadership of USC Builds owner Melissa Suchodolski, who was born and raised in the 19th Ward, for her determination to move this project forward and provide the people of Bulls Head the signs of progress that they deserve.”

    The RRP is a $300 million public-private partnership designed to maximize social and economic impact efforts in Rochester, Buffalo and Niagara Falls, by co-investing in projects and programs aimed at improving economic conditions to benefit these communities’ residents and businesses. Overall, New York State has committed $200 million for the initiative and Ralph C. Wilson, Jr. Foundation, along with other philanthropic and corporate partners, have committed $81 million. The remaining $19 million is coming from city and county governments.

    The Three Pillars of the Program:

    • Fostering small businesses, by providing programs to help improve and grow these enterprises, especially those owned by women and people of color, which expand choices for goods and services to these neighborhoods, revenue and income for community members, and job opportunities.
    • Investing in placemaking, by funding improvements to local business districts, rebuilding community anchors and revitalizing neighborhoods.
    • Preparing our workforce, by enhancing local residents’ skills and improving their access to opportunities for good-paying jobs.

    Additional information is available regarding RRP funding available here.

    Empire State Development President, Commissioner and CEO Hope Knight said, “The Regional Revitalization Partnership is a game-changing initiative. This targeted investment in Rochester’s Bull’s Head neighborhood will support the people, places, and businesses that are dedicated to ensuring that this neglected area can now truly thrive. This inclusive, collaborative effort is stimulating economic revitalization in Rochester, Buffalo and Niagara Falls, creating real opportunity for hope one community at a time.”

    State Senator Jeremy Cooney said, “The Bull’s Head Empowerment Center will be a gamechanger for workforce development, small businesses, and the continued revitalization of the surrounding neighborhood. I want to thank Governor Hochul and the work of the Regional Revitalization Partnership to make this project a reality and deliver on behalf of our community.”

    Assemblymember Harry Bronson said, “The Bull’s Head Empowerment Center represents the transformative impact of partnerships between public and private stakeholders, helping to grow our middle class through workforce development programs, expanding employment opportunities, bolstering our economy, and strengthening our neighborhoods. We must have an economy that works for everyone, and the Regional Revitalization Partnership’s investment creates a multiplier effect that uplifts residents and small businesses.”

    Assemblymember Demond Meeks said, “The Bull’s Head Empowerment Center is a long-overdue investment that will help revitalize one of Rochester’s most historic yet underserved neighborhoods. By transforming vacant space into a hub for workforce training, childcare, and local business support, this project will breathe new life into the Bull’s Head area. It’s about restoring pride, creating opportunity, and making sure longtime residents see real, lasting change in their community.”

    Monroe County Executive Adam Bello said, “This investment in the Bull’s Head neighborhood will build upon the revitalization of this important section of the West Main Street corridor. The Bull’s Head Empowerment Center will serve as a cornerstone for area residents, providing workforce training, retail businesses and support services. I want to thank Governor Kathy Hochul, Empire State Development President & CEO Hope Knight and the team at USC Builds for coming together to support the redevelopment of this historic neighborhood.”

    OneROC President and CEO Joe Stefko said, “The Bull’s Head Empowerment Center embodies exactly what the Regional Revitalization Partnership was designed to do – align public, private, and philanthropic partners to invest in transformational projects and maximize community impact. Thank you to Governor Hochul and Empire State Development for their continued leadership and commitment to bringing new life to a storied Rochester neighborhood and creating space for small businesses, workforce training, and vital community services. OneROC is proud to work alongside USC Builds and the City of Rochester to build on the new West Main Gateway project and make this bold vision a reality.”

    About the Regional Revitalization Partnership (RRP)

    The Regional Revitalization Partnership (RRP) is a $300M comprehensive economic development strategy and public-private partnership that maximizes impact and leverages additional investment for Buffalo’s East Side, Niagara Falls and Rochester. This community-driven, collaborative strategy takes a holistic approach to economic development and is designed to build community wealth through multiple paths. The RRP was developed in collaboration with New York State Governor Kathy Hochul and Empire State Development (ESD) and is supported by ESL, Evans Bank, Max and Marian Farash Charitable Foundation, Five Star Bank, John R. Oishei Foundation, KeyBank/First Niagara Foundation, William & Sheila Konar Foundation, M&T Bank, Ralph C. Wilson, Jr. Foundation, and partners in the cities of Buffalo, Niagara Falls, and Rochester. RRP program implementation is led by the Center for Regional Strategies.

    Accelerating Economic Development in the Finger Lakes

    Today’s announcement complements “Finger Lakes Forward,” the region’s comprehensive strategy to generate robust economic growth and community development. The regionally designed plan focuses on investing in key industries including photonics, agriculture‎ and food production, and advanced manufacturing. More information is available here.

    MIL OSI USA News

  • MIL-OSI: Talonvest Secures $17.8M in Financings for a Four-Property Portfolio

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, CA, June 18, 2025 (GLOBE NEWSWIRE) — Talonvest Capital, Inc., a boutique commercial real estate mortgage brokerage firm, is pleased to announce the successful closing of a $17,800,000 refinance loan on behalf of Tierra Corporation for a four-property self storage portfolio located across high-demand markets in Southern California and Arizona. The portfolio includes properties in Riverside, Redlands, and Indio, California, as well as Yuma, Arizona. In total, the facilities span 377,939 net rentable square feet and comprise 2,252 non-climate-controlled drive-up units, 25 climate-controlled units, 4 manager units, and 198 RV parking spaces.

    The non-recourse, CMBS execution loan was structured with a sub-6% fixed interest rate and 10 years of interest-only payments. Art Flaming, Principal of Tierra Corporation, commented, “Talonvest’s deep lender relationships and expert execution were critical in securing favorable terms in a shifting market environment.”

    The Talonvest team responsible for this assignment included Eric Snyder, Britt Taylor, Mason Brusseau, and Lauren Maehler.

    About Talonvest Capital Inc.

    Talonvest Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company’s collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at https://talonvest.com.

    Contact:
    Carole Stanley
    Talonvest Capital, Inc.
    949.251-9900
    cstanley@talonvest.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/463cc778-fc2a-4d2b-be7f-f34b2beddc9a

    The MIL Network

  • MIL-OSI: Talonvest Secures $17.8M in Financings for a Four-Property Portfolio

    Source: GlobeNewswire (MIL-OSI)

    NEWPORT BEACH, CA, June 18, 2025 (GLOBE NEWSWIRE) — Talonvest Capital, Inc., a boutique commercial real estate mortgage brokerage firm, is pleased to announce the successful closing of a $17,800,000 refinance loan on behalf of Tierra Corporation for a four-property self storage portfolio located across high-demand markets in Southern California and Arizona. The portfolio includes properties in Riverside, Redlands, and Indio, California, as well as Yuma, Arizona. In total, the facilities span 377,939 net rentable square feet and comprise 2,252 non-climate-controlled drive-up units, 25 climate-controlled units, 4 manager units, and 198 RV parking spaces.

    The non-recourse, CMBS execution loan was structured with a sub-6% fixed interest rate and 10 years of interest-only payments. Art Flaming, Principal of Tierra Corporation, commented, “Talonvest’s deep lender relationships and expert execution were critical in securing favorable terms in a shifting market environment.”

    The Talonvest team responsible for this assignment included Eric Snyder, Britt Taylor, Mason Brusseau, and Lauren Maehler.

    About Talonvest Capital Inc.

    Talonvest Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company’s collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at https://talonvest.com.

    Contact:
    Carole Stanley
    Talonvest Capital, Inc.
    949.251-9900
    cstanley@talonvest.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/463cc778-fc2a-4d2b-be7f-f34b2beddc9a

    The MIL Network

  • MIL-Evening Report: What happens when aid is cut to a large refugee camp? Kenyan study paints a bleak picture

    Source: The Conversation (Au and NZ) – By Olivier Sterck, Associate professor, University of Oxford

    Humanitarian needs are rising around the world. At the same time, major donors such as the US and the UK are pulling back support, placing increasing strain on already overstretched aid systems.

    Global humanitarian needs have quadrupled since 2015, driven by new conflicts in Sudan, Ukraine and Gaza. Added to these are protracted crises in Yemen, Somalia, South Sudan, and DR Congo, among others. Yet donor funding has failed to keep pace, covering less than half of the requested US$50 billion in 2024, leaving millions without assistance.

    Notably, the US recently slashed billions of US dollars from global relief efforts. The slashed contributions once made up to half of all public humanitarian funding and over a fifth of the UN’s budget. Other donors have been cutting aid as well.

    As funding shortfalls widen, humanitarian agencies increasingly face tough choices: reducing the scale of operations, pausing essential services, or cancelling programmes altogether. Disruptions to aid delivery have become a routine feature of humanitarian operations.

    Yet few rigorous studies have provided hard evidence of the consequences for affected populations.

    A recent study from one of the world’s largest refugee camps in Kenya fills this gap.

    Our research team from the University of Oxford and the University of Antwerp was already studying Kakuma camp and then had an opportunity to see what happened when aid was cut. We observed the impact of a 20% aid cut that occurred in 2023.

    The study reveals that cuts to humanitarian assistance had dramatic impacts on hunger and psychological distress, with cascading effects on local credit systems and prices of goods.

    Kakuma refugee camp

    Kakuma is home to more than 300,000 refugees, who mostly came from South Sudan (49%), Somalia (16%), and the Democratic Republic of Congo (DRC) (10%). They have been housed here since 1992. With widespread poverty, lack of income opportunities, and aid making up over 90% of household income, survival in the camp hinges on humanitarian support from UN organisations.

    When the research began in late 2022, most refugees in Kakuma received a combination of in-kind and cash transfers from the World Food Programme. Transfers were worth US$17 per person per month, barely enough to cover the bare essentials: food, firewood and medicine.

    Over the span of a year, the research team tracked 622 South Sudanese refugee households, interviewing them monthly to monitor how their living conditions evolved in response to the timing and level of aid they received. We also gathered weekly price data on 70 essential goods and conducted more than 250 in-depth interviews with refugees, shopkeepers, and humanitarian staff to understand the broader impacts.

    Then came the cut. In July 2023, assistance was reduced by 20%, just as the research team was conducting its eighth round of data collection. This sudden reduction in humanitarian aid created a rare opportunity to assess the effects of an aid cut on both recipients and the markets they depend on.

    Consequences of aid cut

    The 20% cut in humanitarian aid had cascading effects, affecting not just hunger, but local credit systems, prices, and well-being.

    1. Hunger got worse. As a Somali refugee interviewed by the researchers put it: “After the aid reduction, the lives of refugees become hard. That was the money sustaining them. […] Things are insufficient, and hunger is visible.”

    Food insecurity was already widespread before the cut, with more than 90% of refugees classified as food insecure. Average caloric intake stood below 1,900 kcal per person per day – well under the World Food Programme’s 2,100 kcal target and about half the average daily calorie supply available to a US citizen.

    Food insecurity further increased following the aid cut, with caloric intake falling by 145 kcal, a 7% decrease. The share of households eating one meal or less increased by 8 percentage points, from about 29% to 37%. At the same time, dietary diversity narrowed, indicating that households tried to mitigate the negative impacts of the aid cut by reducing the variety of foods they consumed.

    2. Credit collapsed. As a refugee shopkeeper of Ethiopian origin reported: “When we give out credit we have a limit; since the aid is reduced, the credit is also reduced.”

    Cash assistance in Kakuma is delivered through aid cards, which refugees routinely use as collateral to access food on credit. When transfers are delayed or unexpected expenses arise, refugees hand over their aid cards as a guarantee to trusted shopkeepers, allowing them to borrow food against next month’s aid.

    But when assistance was cut, the value of this informal collateral plummeted. Retailers, fearing default, reduced lending or refused lending altogether. Informal credit from shopkeepers shrank by 9%. Many refugees reported being refused food on credit or having to repay past debt before receiving any new goods.

    3. Households liquidated assets. With no access to credit, households began selling off possessions and drawing down food reserves. The average value of household assets fell by over 6% after the aid cut.

    4. Psychological distress increased. The aid cut reduced self-reported sleep quality and happiness, indicating that reductions in aid go beyond physical impacts and also have psychological effects.

    5. Prices fell. With reduced expenditure and purchasing power, the demand for food dropped, and food prices went down, partially offsetting the negative effects of the aid cut.

    Implications

    The study carries two major policy implications.

    First, aid in contexts like Kakuma should not be treated as optional or discretionary, but as a structural necessity. It is the backbone of daily life. Mechanisms are needed to protect it from abrupt donor withdrawals.

    Second, informal credit is not peripheral, it is central to economic life in refugee settings. In many camps, shopkeepers act as retailers and de facto financial institutions. When aid transfers serve as both income and collateral, cutting them risks collapsing this fragile credit system. Cash transfer programmes must therefore be designed with these dynamics in mind.

    Olivier Sterck receives research funding from the IKEA Foundation, the World Bank, and The Research Foundation – Flanders (FWO).

    Vittorio Bruni is affiliated with Oxford University

    ref. What happens when aid is cut to a large refugee camp? Kenyan study paints a bleak picture – https://theconversation.com/what-happens-when-aid-is-cut-to-a-large-refugee-camp-kenyan-study-paints-a-bleak-picture-259055

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: What happens when aid is cut to a large refugee camp? Kenyan study paints a bleak picture

    Source: The Conversation (Au and NZ) – By Olivier Sterck, Associate professor, University of Oxford

    Humanitarian needs are rising around the world. At the same time, major donors such as the US and the UK are pulling back support, placing increasing strain on already overstretched aid systems.

    Global humanitarian needs have quadrupled since 2015, driven by new conflicts in Sudan, Ukraine and Gaza. Added to these are protracted crises in Yemen, Somalia, South Sudan, and DR Congo, among others. Yet donor funding has failed to keep pace, covering less than half of the requested US$50 billion in 2024, leaving millions without assistance.

    Notably, the US recently slashed billions of US dollars from global relief efforts. The slashed contributions once made up to half of all public humanitarian funding and over a fifth of the UN’s budget. Other donors have been cutting aid as well.

    As funding shortfalls widen, humanitarian agencies increasingly face tough choices: reducing the scale of operations, pausing essential services, or cancelling programmes altogether. Disruptions to aid delivery have become a routine feature of humanitarian operations.

    Yet few rigorous studies have provided hard evidence of the consequences for affected populations.

    A recent study from one of the world’s largest refugee camps in Kenya fills this gap.

    Our research team from the University of Oxford and the University of Antwerp was already studying Kakuma camp and then had an opportunity to see what happened when aid was cut. We observed the impact of a 20% aid cut that occurred in 2023.

    The study reveals that cuts to humanitarian assistance had dramatic impacts on hunger and psychological distress, with cascading effects on local credit systems and prices of goods.

    Kakuma refugee camp

    Kakuma is home to more than 300,000 refugees, who mostly came from South Sudan (49%), Somalia (16%), and the Democratic Republic of Congo (DRC) (10%). They have been housed here since 1992. With widespread poverty, lack of income opportunities, and aid making up over 90% of household income, survival in the camp hinges on humanitarian support from UN organisations.

    When the research began in late 2022, most refugees in Kakuma received a combination of in-kind and cash transfers from the World Food Programme. Transfers were worth US$17 per person per month, barely enough to cover the bare essentials: food, firewood and medicine.

    Over the span of a year, the research team tracked 622 South Sudanese refugee households, interviewing them monthly to monitor how their living conditions evolved in response to the timing and level of aid they received. We also gathered weekly price data on 70 essential goods and conducted more than 250 in-depth interviews with refugees, shopkeepers, and humanitarian staff to understand the broader impacts.

    Then came the cut. In July 2023, assistance was reduced by 20%, just as the research team was conducting its eighth round of data collection. This sudden reduction in humanitarian aid created a rare opportunity to assess the effects of an aid cut on both recipients and the markets they depend on.

    Consequences of aid cut

    The 20% cut in humanitarian aid had cascading effects, affecting not just hunger, but local credit systems, prices, and well-being.

    1. Hunger got worse. As a Somali refugee interviewed by the researchers put it: “After the aid reduction, the lives of refugees become hard. That was the money sustaining them. […] Things are insufficient, and hunger is visible.”

    Food insecurity was already widespread before the cut, with more than 90% of refugees classified as food insecure. Average caloric intake stood below 1,900 kcal per person per day – well under the World Food Programme’s 2,100 kcal target and about half the average daily calorie supply available to a US citizen.

    Food insecurity further increased following the aid cut, with caloric intake falling by 145 kcal, a 7% decrease. The share of households eating one meal or less increased by 8 percentage points, from about 29% to 37%. At the same time, dietary diversity narrowed, indicating that households tried to mitigate the negative impacts of the aid cut by reducing the variety of foods they consumed.

    2. Credit collapsed. As a refugee shopkeeper of Ethiopian origin reported: “When we give out credit we have a limit; since the aid is reduced, the credit is also reduced.”

    Cash assistance in Kakuma is delivered through aid cards, which refugees routinely use as collateral to access food on credit. When transfers are delayed or unexpected expenses arise, refugees hand over their aid cards as a guarantee to trusted shopkeepers, allowing them to borrow food against next month’s aid.

    But when assistance was cut, the value of this informal collateral plummeted. Retailers, fearing default, reduced lending or refused lending altogether. Informal credit from shopkeepers shrank by 9%. Many refugees reported being refused food on credit or having to repay past debt before receiving any new goods.

    3. Households liquidated assets. With no access to credit, households began selling off possessions and drawing down food reserves. The average value of household assets fell by over 6% after the aid cut.

    4. Psychological distress increased. The aid cut reduced self-reported sleep quality and happiness, indicating that reductions in aid go beyond physical impacts and also have psychological effects.

    5. Prices fell. With reduced expenditure and purchasing power, the demand for food dropped, and food prices went down, partially offsetting the negative effects of the aid cut.

    Implications

    The study carries two major policy implications.

    First, aid in contexts like Kakuma should not be treated as optional or discretionary, but as a structural necessity. It is the backbone of daily life. Mechanisms are needed to protect it from abrupt donor withdrawals.

    Second, informal credit is not peripheral, it is central to economic life in refugee settings. In many camps, shopkeepers act as retailers and de facto financial institutions. When aid transfers serve as both income and collateral, cutting them risks collapsing this fragile credit system. Cash transfer programmes must therefore be designed with these dynamics in mind.

    Olivier Sterck receives research funding from the IKEA Foundation, the World Bank, and The Research Foundation – Flanders (FWO).

    Vittorio Bruni is affiliated with Oxford University

    ref. What happens when aid is cut to a large refugee camp? Kenyan study paints a bleak picture – https://theconversation.com/what-happens-when-aid-is-cut-to-a-large-refugee-camp-kenyan-study-paints-a-bleak-picture-259055

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Russia: Djibouti Implements the Enhanced General Data Dissemination System (e-GDDS)

    Source: IMF – News in Russian

    June 18, 2025

    Washington, DC: With the successful launch of the new data portal—the National Summary Data Page (NSDP)—Djibouti has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data. The e-GDDS is the first tier of the IMF Data Standards Initiatives that promote transparency as a global public good and encourages countries to voluntarily publish timely data that is essential for monitoring and analyzing economic performance.

    The launch of the NSDP is a testament to the Djibouti’s commitment to data transparency. It serves as a one-stop portal for disseminating various macroeconomic data compiled by multiple statistical agencies. The published data include statistics on national accounts, prices, government operations, debt, the monetary and financial sector, and the external sector.

    The launch of the NSDP was supported by an IMF technical assistance mission, financed by the Government of Japan through the Japan Administered Account for Selected Fund Activities, and conducted in collaboration with the African Development Bank from June 9 to 12, 2025. The mission was hosted by the Central Bank of Djibouti in close collaboration with the Ministry of Budget, the Ministry of Economy and Finance, as well as the National Statistics Institute of Djibouti.

    With this reform, Djibouti will join 75 countries worldwide and 35 countries in Africa using the e-GDDS to disseminate standardized data.  

    Mr. Bert Kroese, Chief Statistician and Data Officer, and Director of the IMF’s Statistics Department, commended the authorities for this major milestone in the Djibouti’s statistical development. He also emphasized that Djibouti would benefit from using the e-GDDS participation as a tool to further improve data transparency. The IMF stands ready to “continue supporting the authorities in further developing their statistical systems.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pemba Sherpa

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

    https://www.imf.org/en/News/Articles/2025/06/18/pr-25205-djibouti-djibouti-implements-the-e-gdds

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: Sen. Johnson Releases Budget Reconciliation Report

    US Senate News:

    Source: United States Senator for Wisconsin Ron Johnson

    WASHINGTON – Today, U.S. Sen. Ron Johnson (R-Wis.) released his report titled, “FY 2025 Budget Reconciliation: Facts, Figures, and Analysis.” The senator contends that neither Congress, the Administration, nor the public at large has fully acknowledged the depth of the fiscal hole we have dug, or what it will take to dig ourselves out of it. “The first step in solving any problem is admitting you have one. The second step is defining it clearly,” said Sen. Johnson.

    In the seven years prior to the pandemic, federal deficits averaged $660 billion per year. Mass panic during the pandemic resulted in a spending increase of $2.1 trillion in FY2020 ($4.4 to $6.5 trillion), with a one-year deficit exceeding $3.1 trillion. Instead of returning to a reasonable pre-pandemic level of spending as the economy recovered and unemployment rates returned to normal, President Biden and congressional Democrats kept the spending spree going, resulting in deficits averaging $1.9 trillion over the next four years, sparking forty-year high inflation.

    CBO’s January 2025 baseline projects a cumulative 10-year (FY2025-FY2034) deficit of $21.1 trillion, or $2.1 trillion average deficit per year. CBO’s score of the One Big Beautiful Bill (OBBB) projects a 10-year deficit of $24.1 trillion, or $2.4 trillion average per year. Even the scenario presented by the White House in its June 7, 2025 memo projects a 10-year deficit of $18.6 trillion, or $1.86 trillion average per year, only slightly below President Biden’s level. The White House scenario assumes $2.8 trillion in tariff revenue and $1.5 trillion in additional discretionary spending reduction.

    With these facts in mind, Sen. Johnson’s report provides an analysis of different scenarios using various growth rates and spending levels to prove that, without returning to a much lower pre-pandemic spending level, there is virtually no hope of achieving a balanced budget.

    As Republican leaders have repeatedly stated, “We don’t have a revenue problem; we have a spending problem.”

    “Republicans must ask themselves whether they’re willing to address this spending problem. I hope the answer is yes — and I will continue doing everything I can to ensure it is,” said Sen. Johnson.

    The full text of the report can be found here.

    MIL OSI USA News

  • MIL-OSI Banking: The European Space Agency, Thales Alenia Space and Blue Origin to explore collaboration opportunities

    Source: Thales Group

    Headline: The European Space Agency, Thales Alenia Space and Blue Origin to explore collaboration opportunities

    The cooperation will cover human spaceflight, science, technology and commercial capabilities

    Paris Air Show, June 18th 2025 – The European Space Agency (ESA) has signed a Memorandum of Understanding (MoU) with Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), and Blue Origin to foster and facilitate commercial and industrial advancements in the area of space exploration in Low Earth Orbit.

    Signature Ceremony – from left to right: Giampiero Di Paolo,Deputy CEO and Senior Vice President of Observation, Exploration, and Navigation at Thales Alenia Space, Daniel Neuenschwander, Director of Human and Robotic Exploration at ESA and Pat Remias, Vice President, Advanced Concepts and Enterprise Engineering, Blue Origin © ESA

    The signatories will explore opportunities for European payloads and/or crew members to utilize on a non-exclusive basis the low-Earth orbit (LEO) space station Orbital Reef which will offer end-to-end services, including transportation of crew and cargo, astronaut accommodations, and payload utilization services.

    Through this MoU, the European Space Agency intends to develop a closer relationship with Blue Origin and Thales Alenia Space for the development of Orbital Reef, that could provide services meeting Europe’s long-term research and commercial needs in alignment with ESA’s recently announced requirements. 

    The MoU will also support European industry in preparing to supply modules, systems, subsystems, and equipment for Orbital Reef, and conducting risk-mitigation activities. Furthermore, Thales Alenia Space and Blue Origin are considering using future qualified European LEO cargo and/or crew transportation services under commercially viable terms and conditions as a means to transport astronauts and supplies to and from the station.

    “I am thrilled to witness an opening of a new economic dimension on Low Earth Orbit, to which this MoU is contributing,” said Daniel Neuenschwander, Director of Human and Robotic Exploration at ESA. “Our core mission at ESA is to support our Member States’ ambitions, and to do so, we are always keen to investigate potential collaborations in a renewed ecosystem with a growing commercial segment.” 

    “We’re truly honored that ESA has placed its trust in our company to explore opportunities in the LEO ecosystem together with Blue Origin to meet Europe’s commercial needs,” said Giampiero Di Paolo, Deputy CEO and Senior Vice President of Observation, Exploration, and Navigation at Thales Alenia Space.“Thales Alenia Space has played a key role in achieving humanity’s ambitions in LEO in recent years. By leveraging our expertise in space exploration infrastructures and vehicles, we’re committed to competing and investing in the development of technological solutions to empower Europe’s plans for the commercialization of low-Earth orbit. We’re excited about our collaboration with Blue Origin and are ready to implement whatever’s required to prepare for human presence and life in space, laying the groundwork for the post-ISS era while addressing new economic needs for research and science.”

    “This alliance is a unique opportunity to not only enable a new era of research and progress in orbit, but to welcome the broadest spectrum of partners in constructing humanity’s future beyond Earth,” said Pat Remias, Vice President, Advanced Concepts and Enterprise Engineering, Blue Origin. “Together, we are building foundations for industries and missions yet to be imagined.” 

    About the European Space Agency

    The European Space Agency (ESA) provides Europe’s gateway to space.
    ESA is an intergovernmental organisation, created in 1975, with the mission to shape the development of Europe’s space capability and ensure that investment in space delivers benefits to the citizens of Europe and the world. 
    ESA has 23 Member States: Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland and the United Kingdom. Latvia, Lithuania and Slovakia are Associate Members. 
    ESA has established formal cooperation with other four Member States of the EU. Canada takes part in some ESA programmes under a Cooperation Agreement. 

    By coordinating the financial and intellectual resources of its members, ESA can undertake programmes and activities far beyond the scope of any single European country. It is working in particular with the EU on advancing the Galileo and Copernicus programmes as well as with Eumetsat for the development of meteorological missions. 

    About Thales Alenia Space

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental monitoring, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources, and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the Space Alliance, which offers a complete range of solutions including services. Thales Alenia Space posted consolidated revenues of €2.23 billion in 2024 and has more than 8,100 employees in 7 countries with 15 sites in Europe.

    About Blue Origin

    We are building a road to space for the benefit of Earth, humanity’s blue origin. Our team is focused on radically reducing the cost of access to space and harnessing its vast resources while mobilizing future generations to realize this mission. Blue Origin builds and operates reusable rocket engines, launch vehicles, in-space systems, and lunar landers. 
     

    MIL OSI Global Banks

  • MIL-OSI Global: World Refugee Day: Prolonged refugee separation is harming families — and Canada’s economy

    Source: The Conversation – Canada – By Christina Clark-Kazak, Professor, Public and International Affairs, L’Université d’Ottawa/University of Ottawa

    As World Refugee Day approaches on June 20, advocates and health experts are calling on the Canadian government to urgently address prolonged family separation for refugees. With wait times for family reunification now averaging more than four years, critics say the delays are causing irreparable harm to refugee families and imposing long-term costs on the health-care system and the Canadian economy.

    The significant health, social and economic costs of prolonged family separation merit urgent action. These costs are borne by refugees and their families as well as municipal, provincial and federal governments.

    People seeking refugee protection whose claims are accepted in Canada receive protected person status and are allowed to apply for permanent residence. They are permitted to include dependent children and spouses who are outside Canada on their permanent residence applications.

    While accepted refugees and their family members are legally eligible for permanent residence in Canada, they must be admitted under the immigration levels for Protected Persons in Canada and Dependants Abroad. Because the number of people applying under these levels exceeds the number of spaces available, family separation currently lasts 50 months.

    In 2024, the government of Canada announced major reductions in immigration levels starting in 2025. These reductions will further delay family reunification, prolonging refugees’ bureaucratic limbo.

    Mental and physical health costs

    Studies document the several mental health consequences of the separation of children from their parent(s), and of spouses from their partner. These challenges intensify as the duration of the separation increases.

    Medical associations around the world say family separation is a traumatic event that can cause developmental regression and higher rates of unexplained illness in children.

    This trauma may stem from the sense of abandonment that children experience while being separated from their parents. In one study from 2005, an interviewee said:

    “It was hard at first … .The children thought that I had abandoned them. They considered me a traitor.”

    Despite the time and efforts invested in long-distance relationships, family breakdown may result from prolonged family separation, necessitating counselling or child protection services.

    These mental health consequences not only have human costs. They also represent a financial burden for the Canadian government through the Interim Federal Health Care (IFHC) Program. After protected people transition away from IFHC, provincial and territorial governments pay for health costs associated with family separation.

    Some children may also require school-based interventions, mental health services and counselling, the costs of which are also borne by provincial governments.

    Economic costs

    Protected people separated from their families also pay to maintain two households: one in Canada and one overseas. In a 2019 study, a refugee said that “sending remittances was more expensive than if they lived together in Canada.”

    Remittances not only represent a financial challenge to refugee families, they also result in indirect economic losses to Canada as funds leave the country instead of being invested in Canada.

    Research shows that family separation also inhibits integration. The inability to find affordable child care in a single-parent household, for example, limits the ability to learn official languages, participate in community groups and find work opportunities.

    For example, one woman from Afghanistan who had been waiting more than six years for reunification with her husband told researchers:

    “In night I sometimes cannot sleep and I just walk and walk around the lobby of my apartment building. […] I can no longer take care of my children when they’re missing all the time their father. They need their father. Even sometimes my family asking ‘where is he?’ and other kids at my children’s schools are asking.”

    This stress caused severe mental and physical health issues for this woman and her family, further limiting her ability to work.

    These integration challenges mean fewer people can work to their full capacity, limiting participation in the Canadian economy. Delayed economic integration due to family separation results in lower tax revenues for all levels of the Canadian government.

    Family unity provides refugees with the necessary support to manage the stresses of resettlement. Family reunification increases flexibility to adjust to a new country and culture without additional challenges.

    As refugees and their families integrate, Canada benefits. They find work, pay taxes and contribute to their communities.

    An easy administrative fix

    The United Nations declared June 20 to be World Refugee Day almost 25 years ago. Although it’s just one day, it reminds us to honour refugees from around the world.

    It is a good time for the Canadian government to work towards issuing temporary visas to eligible family members, allowing them to live in Canada while they await permanent residence.

    The right to family unity is protected by international law. Canada’s reputation as a leader in refugee protection is at risk if family reunification continues to be delayed.

    The social, health and economic costs of family separation are both inhumane and unnecessary.

    Chloé Bissonnette, undergraduate student in Conflict Studies and Human Rights at the University of Ottawa, contributed to this article.

    Christina Clark-Kazak receives funding from the Social Sciences Humanities and Research Council (SSHRC).

    ref. World Refugee Day: Prolonged refugee separation is harming families — and Canada’s economy – https://theconversation.com/world-refugee-day-prolonged-refugee-separation-is-harming-families-and-canadas-economy-258441

    MIL OSI – Global Reports

  • MIL-OSI USA: Reps. Kamlager-Dove, Chu, Sánchez, Takano, and Rivas Successfully Gain Access to Adelanto ICE Facility, Demanding Accountability and Answers

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

    ADELANTO, CA – Today, Rep. Sydney Kamlager-Dove (CA-37), Rep. Judy Chu (CA-28), Rep. Linda Sánchez (CA-38), Rep. Mark Takano (CA-39), and Rep. Luz Rivas (CA-29) were granted entry to the Adelanto ICE Processing Center in order to conduct oversight guaranteed by federal law. The lawmakers demanded answers following reports of unlawful immigration raids, due process violations, and alarming allegations that U.S. citizens may have been wrongfully detained.

    The Members learned that the facility, which held just 300 individuals last month, is now at full capacity with 1,100 detainees. This drastic surge is not about targeting dangerous criminals. It is the direct result of Donald Trump’s policies aimed at rounding up hard-working immigrants who are essential to our communities and economy.

    “Donald Trump’s ICE raids in Los Angeles have terrorized our communities and left families in the dark about the whereabouts of their loved ones,” said Rep. Kamlager-Dove. “Alarming reports of inhumane conditions and lack of access to legal counsel at the Adelanto detention facility compelled my colleagues and I to conduct this oversight visit — and what we witnessed confirmed our worst fears. Detainees forced to wear the same clothes for ten days. Individuals lacking access to drinking water and medical care. Meals every fourteen hours. We will not stop fighting until every constitutional right is upheld and every abuse is brought to light.”

    “While I’m relieved that we were ultimately allowed into the Adelanto facility, as is our legal right as Members of Congress, this visit only reinforced how much work remains,” said Rep. Chu. “The conditions many of these people are facing are inhumane. The detainees told me that they have gone days without changing their clothes, and they have been unable to use the telephone to call their families or a legal representative. The people I met are not criminals, they are hardworking individuals who strengthen our communities and they simply want the opportunity to work for a better life. I will continue to closely monitor conditions at this ICE facility, as I have done before, and work with both local and federal officials to ensure that everyone, regardless of status, is afforded their full right to due process.” 

    “President Trump is indiscriminately targeting the hardworking individuals in our communities who keep our economy running. He is not reducing crime. The immigration raids happening today in places like Pico Rivera are racial profiling. Full stop. What we saw and heard at Adelanto is equally as disturbing as the cruel ICE raids in our neighborhoods. The administration is deliberately hiding the truth: immigrants, some here legally, are being detained in inhumane conditions, without enough food, clean clothing, the ability to call their families or access to a lawyer. This is a betrayal of our values and a violation of our immigration laws. It must end,” said Rep. Sánchez.

    “Just because ICE has opened their doors to a few members of Congress does not excuse their inflammatory tactics to meet deportation quotas,” said Rep. Takano. “Accountability means showing a consistent pattern of accessibility, not just a one-off event. ICE and DHS still must be reined, and stop a bad faith enforcement of immigration law to bring relief to my community.”

    “The conditions we saw inside the Adelanto ICE Detention Center prove that Donald Trump’s policies are putting our most vulnerable in harm’s way,” said Rep. Rivas. “From being detained for lawfully seeking asylum to cutting off communication to family and counsel, no one should be forced to live through what this Administration is forcing immigrants to live through. My colleagues and I will continue to conduct oversight of these facilities to expose the effects of Donald Trump’s cruel policies on our most vulnerable communities.”

    ###

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Reps. Kamlager-Dove, Chu, Colleagues Conduct Oversight at Adelanto ICE Facility

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

    ADELANTO, CA — Yesterday, Congresswoman Sydney Kamlager-Dove (CA-37) gained entry to the Adelanto ICE Processing Center to fulfill her constitutional oversight responsibilities. Alongside Representatives Judy Chu (CA-28), Linda Sánchez (CA-38), Mark Takano (CA-39), and Luz Rivas (CA-29), she demanded answers following reports of inhumane conditions, due process violations, and alarming allegations that U.S. citizens may have been wrongfully detained.

    Congresswoman Kamlager-Dove explains what the lawmakers learned in a video shared to social media following the oversight visit.

    Following the visit, the lawmakers hosted a press conference to share their experiences at the facility. Congresswoman Kamlager-Dove’s full remarks as-delivered can be found below:

    “We should be here talking to you about the $880 billion cut to Medicaid. The closures of Social Security Administration offices. But instead, we are talking about these indiscriminate and illegitimate ICE raids that have been happening across our community. 

    “I came here today to find my constituents. I have a constituent who is deaf and mute. He was picked up by ICE and transported and we are still looking for him. We had a list of constituents that we are trying to check on. We were conducting oversight and we were also conducting casework. 

    “And let me tell you, we have had laundromats, we have had churches, we have had elementary schools, we have had small stores raided by [the] FBI [and] Homeland Security, in cooperation with ICE, snatching folks, not asking them for identification, not providing identification or judicial warrants themselves. We talked to the agents in the detention facility, and we did not get concrete information about how folks were lawfully being detained if they did have criminal records or not. Some of that is still being decided while folks are being detained. 

    “And something else we learned is that people are being detained and separated and let go by race. Now, I don’t know about you, but if this Administration said that it was looking for folks with criminal records and they have detained U.S. Citizens, legal immigrants, and folks who are legally going through the immigration status process, then tell me why you are also racially profiling folks and then separating them and doing different things to each of these communities. 

    “And let me tell you something else. We are decimating the local economy here because most of the folks were students. They were applying for licenses to do work. They have businesses. They have families. They are workers. This is impacting our economy, our regional and state economy. 

    “And we have an Administration that is interested in manufacturing a violent and traumatizing show called “LA Raids” to distract us from the larger issues that are impacting everyday Americans like the cost of living, the cost of food, the cost of health care. And now we are dealing with an Administration that is racially profiling and detaining folks without giving them the representation that they need. 

    “This is why we came out here to conduct oversight. And this is why we are going to continue to hold this administration accountable because it is illegitimate. You are denying folks their 4th, their 5th, and their 14th Amendment rights when you are not giving them due process, when people do not know why they have been picked up other than the color of their skin. And we must demand more from this Administration. That is what Congress is trying to do.”

    # # #

    MIL OSI USA News

  • MIL-OSI Europe: Press release – CBAM: Deal with Council to simplify EU carbon leakage instrument

    Source: European Parliament

    The changes to the EU carbon border adjustment mechanism (CBAM) are part of simplification efforts to reduce the administrative burden for SMEs and occasional importers.

    Parliament and Council today agreed on changes to the CBAM. These changes are part of the “Omnibus I” simplification package presented on 26 February 2025, which aims to simplify existing legislation in the fields of sustainability and investment.

    Co-legislators supported a new de minimis mass threshold whereby imports up to 50 tonnes per importer per year will not be subject to CBAM rules. It replaces the current threshold exempting goods of negligible value. The new threshold exempts the vast majority (90%) of importers − mainly small and medium-sized enterprises and individuals − who import only small quantities of CBAM goods. The climate ambition behind the mechanism remains unchanged, as 99% of total CO2 emissions from imports of iron, steel, aluminium, cement and fertilisers will still be covered by the CBAM. The co-legislators included safeguards to ensure this figure and to prevent circumvention of the rules.

    Co-legislators also agreed on changes to simplify imports covered by the CBAM such as the authorisation process, the calculation of emissions and verification rules as well as the financial liability of authorised CBAM declarants, while strengthening anti-abuse provisions.

    Quote

    After the deal, rapporteur Antonio Decaro (S&D, IT) said: “The CBAM is designed to prevent carbon leakage and protect Europe’s cement, iron, steel, aluminium, fertiliser, electricity, and hydrogen industries. We have answered calls from companies to simplify and streamline the process and exempted 90% of importers of CBAM goods to facilitate competitiveness and growth for our businesses. As the CBAM will still cover 99% of total CO2 emissions, we have maintained the EU’s environmental ambitions and remain fully committed to a just transition and to achieve climate neutrality by 2050.”

    Next steps

    Today’s deal has still to be endorsed by both Parliament and Council. It will enter into force three days after publication in the EU Official Journal.

    Background

    The EU’s carbon border adjustment mechanism is the EU’s tool to equalise the price of carbon paid for EU products operating under the EU emissions trading system (ETS) with that of imported goods, and to encourage greater climate ambition in non-EU countries. In early 2026, the Commission will assess whether to extend the scope of the CBAM to other ETS sectors and how to help exporters of CBAM products at risk of carbon leakage.

    MIL OSI Europe News

  • MIL-OSI Europe: Briefing – What role for AI skills in (re)shaping future European workforce? – 18-06-2025

    Source: European Parliament

    Driven by the rapid pace of technological change and the need for a human-centric approach to the development of artificial intelligence (AI), AI skills have a significant role in shaping the future European workforce. The growing skills gap in the EU, with almost half of the population lacking basic digital skills, including AI skills, poses a significant challenge for the future that needs to be addressed for the EU to maintain its competitiveness and manage regional disparities. Several EU initiatives are under way, including the recently adopted union of skills communication and AI continent action plan. Fostering anticipatory governance, a culture of innovation, supporting diversity and inclusiveness in the AI workforce, and strengthening digital infrastructure are all critical to ensuring that the benefits of AI are shared by all, while minimising its negative impacts. Aligning with European values will be important to ensure fairness in this process. The EU’s future prosperity depends on using AI’s potential while basing it on a human-centric approach and ethical development, ensuring transparency and accountability, as well as prioritising people’s wellbeing. Targeted investment in EU-wide digital infrastructure and education that emphasises lifelong learning and skills development could ensure balanced economic growth and competitiveness in the global talent market. By examining the multifaceted interaction between AI, skills and jobs, a way forward may be identified that focuses on the needs of EU citizens and ensures that the future European workforce – and citizens in general – are equipped to succeed in an increasingly automated and AI-driven economy.

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – Parliament approves financial aid package for Egypt

    Source: European Parliament

    On Wednesday, Parliament approved a provisional agreement reached with Council on a macro-financial assistance (MFA) package for Egypt worth €4 billion.

    A short-term loan of up to €1 billion was already disbursed at the end of 2024. An additional loan of up to €4 billion will now be disbursed. Egypt will have 35 years to repay the loans.

    The funds’ release is subject to Egypt’s satisfactory implementation of the International Monetary Fund (IMF) programme and other policy measures to be agreed in a memorandum between the EU and the Egyptian authorities.

    In a yearly report to Parliament and Council, the Commission will examine the progress made, assess Egypt’s economic prospects and evaluate the loans’ impact on the economic and fiscal situation. The Commission will also assess steps taken to shore up democratic mechanisms and the rule of law and to protect human rights in the country.

    The agreement with Council was approved by 386 votes in favour, 132 against, and with 49 abstentions.

    Quote

    Parliament’s rapporteur Céline Imart (EPP, FR), said: “Parliament’s backing for this EU loan reflects its high regard for Egypt as a partner country. By helping Egypt, we are also looking after EU interests in an unstable region.”

    Background

    With its macro-financial assistance initiatives, the EU supports partner countries that are struggling with financial, economic and societal challenges, and helps them with structural political and economic reforms.

    MIL OSI Europe News

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Commend Mexico’s Equality Achievements in Political and Public Life, Raise Questions on the Judiciary’s Response to Gender Crimes and Gender-Based Violence in Schools

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today concluded its consideration of the tenth periodic report of Mexico, with Committee Experts commending Mexico’s achievements in guaranteeing equality in political and public life, while raising questions on how the judiciary responded to gender crimes and how the State was tackling gender-based violence in schools.

    A Committee Expert said the Committee commended the State party’s achievements in guaranteeing equality in political and public life.  Reforms had been implemented towards preventing and eliminating gender discrimination.  This had resulted in a 43 per cent improvement in women’s public leadership positions.  The Committee lauded the 2019 constitutional reform, entitled “gender parity in everything”, which guaranteed political rights of women towards certifying gender parity for all candidates for elected political office, including municipalities with indigenous and Afro-Mexican populations. 

    An Expert asked what mechanisms the State had put in place to guarantee an effective, gender-sensitive judicial response?  Were there reparations available for victims of gender crimes?  What measures were being planned to ensure elected judges had knowledge to judge with a gender perspective?  Could statistics be provided on the fast-track and pretrial procedure, to illustrate how female victims had benefitted from these changes? Had the performances of judges who had been trained been assessed? 

     

    A Committee Expert said the Committee noted with concern the high school dropout rates due to pregnancy and violence.  The ongoing persistence and increase of violence against women and adolescents, at all educational levels, was also concerning, particularly high levels of sexual violence.  What measures had the State taken to guarantee education for pregnant teenagers and to prevent them from leaving school?  How was it ensured that comprehensive sexual education was provided at all levels and in all states?  Was there a plan to ensure the eradication of gender-based violence in schools?  What measures was the State taking to guarantee standardisation and the enforcement of penalties?

     

    The delegation said Mexico had special prosecution services in different bodies.  These ensured that the highest standards were used when investigating cases of femicide.  In cases of femicide, it was important to comply with standards relating to the crime.  Protocols had been standardised for the crimes of femicide.  The Tribunal of Judicial Discipline had been created to combat impunity.  The Women’s Secretariat was working with the Department of Prosecutions to create a network of female lawyers to provide advice and organise strategic lawsuits.

    The delegation said in 2024, Mexico significantly invested in the training of teachers, as part of the national strategy to deal with and prevent teenage pregnancy.  This also focused on keeping teenagers who were pregnant in school.  A programme called violence free schools supported people working in schools.  A protocol had been ratified to ensure the referral, channelling, follow-up and prevention of sexual violence in schools.  School dropout rates had fallen by 75 per cent for basic education, 26 per cent for secondary education, and 18 per cent in further education.  A national strategy was in place to prevent early pregnancy and there had been a 10 per cent drop in early pregnancy in Mexico over the past three years.   

    Introducing the report, Citlalli Hernández Mora, Secretary, Women’s Secretariat of Mexico and head of the delegation, said for decades, there had been a system of structural inequality which had intensified violence against women in Mexico. Legislative reforms by the President, which came into force in November 2024, established reinforced duties of the State to combat all types of violence against women, as well as the eradication of the gender wage gap.  The reforms also created the Women’s Secretariat, tasked with preventing violence against women, promoting a society of care, and reducing structural gaps. From 2019 to 2024, the gender pay gap was reduced by 29 per cent at the local level.

    In closing remarks, Ms. Hernández Mora commended the Committee for its work and the experts for their questions and comments.  The Committee’s recommendations were very important for the Government, and the dialogue had been an enriching experience.  Mexico was committed to changing the lives of all women in the country.

    In her closing remarks, Nahla Haidar, Committee Chair, thanked Mexico for the constructive dialogue which had provided further insight into the situation of women and girls in the country. 

    The delegation of Mexico was comprised of representatives of the Ministry of Foreign Affairs; the Ministry of Public Education; the Ministry of Health; the Secretariat of Women; the Mexican Social Security Institute; the Legislative Branch; the Judiciary; the National Institute of Statistics and Geography; the Electoral Tribunal of the Judicial Branch of the Federation; the National Electoral Institute; the National Council of Indigenous Peoples; and the Permanent Mission of Mexico to the United Nations Office at Geneva.

    The Committee on the Elimination of Discrimination against Women’s ninety-first session is being held from 16 June to 4 July.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 10 a.m. on Thursday, 19 June, to begin its consideration of the eighth periodic report of Thailand (CEDAW/C/THA/8).

    Report

    The Committee has before it the tenth periodic report of Mexico (CEDAW/C/MEX/10).

    Presentation of Report

    FRANCISCA E. MÉNDEZ ESCOBAR, Ambassador and Permanent Representative of Mexico to the United Nations Office at Geneva, said Mexico had hosted the First World Conference on Women in 1975 and was an active promoter of the Convention. Mexico was also involved in the creation of numerous mechanisms and groups, including United Nations Women. The State was committed to respecting, protecting, and promoting the human rights of women and girls in all their diversity.

    CITLALLI HERNÁNDEZ MORA, Secretary, Women’s Secretariat of Mexico and head of the delegation, said under the leadership of the first woman President of Mexico and as the State’s first Secretary for Women, she was pleased to lead the delegation. 

    For decades, there had been a system of structural inequality which had intensified violence against women in Mexico.  Legislative reforms by the President, which came into force in November 2024, established reinforced duties of the State to combat all types of violence against women, as well as the eradication of the gender wage gap.  The reforms also created the Women’s Secretariat, tasked with preventing violence against women, promoting a society of care, and reducing structural gaps. 

    In 2024, Mexico had 132.27 million inhabitants, of which 51.08 per cent were women; 9 per cent were indigenous women; 2 per cent were women with disabilities; and 1 per cent were Afro-Mexican women, requiring the State to build inclusive and intercultural policies.  The poorest person in Mexico was an indigenous girl with disabilities, which was why 45 billion dollars had been invested, allowing 3.5 million women to escape moderate poverty over the past six years. 

    From 2019 to 2024, the gender pay gap was reduced by 29 per cent at the local level.  The implementation of the New Mexican School System with a gender perspective had promoted actions to guarantee inclusive, egalitarian and quality education for children and young people in Mexico.  The first 12 of the 200 Education and Child Centres were being built, prioritising highly vulnerable areas such as the maquiladoras on the northern border.  The Pension Fund was launched this year for women between 60 and 64 years of age and had reached over 900,000 women. 

    The Women’s Secretariat had installed 678 LIBRE centres throughout the national territory, with an investment of almost 40 million dollars per year, which sought to offer comprehensive care, legal and psycho-emotional support to those who experience violence.  In March of this year, the Tejedoras de la Patria initiative was launched, which encompassed a national network of women protagonists to guide, lead and support their communities. 

    INGRID GÓMEZ, Undersecretary for the Right to a Life Free of Violence, Women’s Secretariat of Mexico, said femicide violence was one of the greatest challenges faced by the Mexican State.  The implementation of targeted territorial strategies, the strengthening of protection mechanisms for women at risk, and the improvement of victim care systems had resulted in a sustained downward trend in the incidence of femicides. During the first two months of 2025, there had been a decrease of 29.23 per cent reported cases compared to the same period in 2024.  This was the result of a coordinated institutional response, which included early warning of risk, strengthening and expanding the Women’s Justice Centres, specialised shelters, mobile units, and other protection measures. 

    Following the recommendation of the Committee, Mexico had made progress in the legislative harmonisation of the criminal category of femicide, which had been achieved in 28 of the 32 states.  The National Programme against Trafficking in Persons had been the backbone, promoting prevention, protection, prosecution and comprehensive care for victims.  The Office of the Special Prosecutor for the Investigation of Crimes in the Matter of Trafficking in Persons was created, which was a significant step. 

    JENNIFER FELLER, Director General of Human Rights and Democracy of the Ministry of Foreign Affairs of Mexico, said the Protection Mechanism for Human Rights Defenders and Journalists was a key tool to guarantee the safety and integrity of women human rights defenders and journalists.  As of April 2025, it had a total of 2,341 people, including female journalists, human rights defenders and their family members. 

    The Mexican State was sensitive to cases of disappearance of persons, including women. In 2019, the National Search Commission was created and, for the first time, a National Registry of Missing and Unlocated Persons was developed.  With the Attorney General’s Office and the State Prosecutors’ Offices, visits had been made to expert service institutions, temporary protection centres, cemeteries and shelters, to carry out human identification processes and interventions to recover remains deposited in mass graves.  The Mexican State continued with the search actions to locate all these people and had undertaken dialogue with almost 200 collectives of relatives of disappeared persons, with multiple Government institutions. 

    TERESA RAMOS ARREOLA, Head of the National Centre for Gender Equity, Sexual and Reproductive Health of Mexico, said 100 commitments had been made for the President’s six-year term, including the Care Programme from the first 1,000 days of life, which guaranteed access to women’s health services, especially reproductive health, bodily autonomy, and the prevention of gender violence.  In Mexico, contraception was free and 24 of the country’s 32 states had decriminalised abortion.  A technical note had been issued which outlined the obligation of the health sector to have available personnel and the necessary technical capacities to provide safe abortion services.

     

    YANETH DEL ROSARIO CRUZ GÓMEZ, Representative of Mexico’s National Council of Indigenous Peoples, said the reform of the second article of the Constitution, published in September 2024, should be celebrated.  It constituted a historic advance in the recognition of indigenous peoples as rights holders, with legal recognition and their own assets. However, the implementation of these rights was a challenge.  It was urgent for indigenous rights to be effectively implemented. 

    Indigenous and Afro-Mexican women were developing the general law on the rights of indigenous and Afro-Mexican peoples.  The resources allocated to indigenous peoples and communities, through the Contribution Fund for Social Infrastructure for Indigenous and Afro-Mexican Peoples, were welcomed. 

    MARTHA LUCÍA MICHER CAMARENA, Federal Senator and President of the Commission for Gender Equality of the Senate of the Republic, said in Mexico, they had a parity legislative power; there were 14 female governors in 32 states.  In December 2024, amendments were approved to various secondary laws, including the general law for equality between women and men; the general law on women’s access to a life free of violence; the National Code of Criminal Procedure; and the general law of the national public security system, among others.  Between 2021 and 2024, key legislative reforms were also adopted, including amendments to the Federal Penal Code and 22 local penal codes that now criminalised acid attacks, as well as other types of violence, within the criminal category of family violence. 

    MÓNICA SOTO, Presiding Magistrate of the Electoral Tribunal of the Judicial Branch of the Federation, said the Electoral Tribunal of the Judicial Branch of the Federation had issued rulings to seek balanced representation in the Government. In 2024, the first parity federal Congress was constituted, after 108 years as an independent Republic. Despite this, there were significant challenges, with only 28 per cent of municipal presidencies headed by women. In many cases, violations of their rights persisted. 

    Gender-based political violence against women continued to be a reality.  However, in a historical precedent in 2021, the Superior Chamber of the Court annulled the election results in Iliatenco, Guerrero for gender-based political violence against an indigenous woman.  Authorities had been trained, and guides and protocols had been issued for judgment with a gender perspective in electoral matters and, in May 2024, the Specialised Ombudsman’s Office for the Care of Women was created. 

    MARYCARMEN COLOR VARGAS, Director of Gender Equality of the Supreme Court of Justice of the Nation, said the Supreme Court of Justice had issued a protocol for judging with a gender perspective, which was updated in 2020.  To ensure its implementation, the Court and the Council of the Federal Judiciary had deployed a training strategy with case law notebooks, manuals, thematic notes, specialised works, and self-management courses. To date, 59 per cent of federal civil servants had completed mandatory training in gender and human rights.  The Comprehensive Inclusion Policy had been adopted, which increased the participation of women at the highest judicial levels from 20 per cent to 31 per cent. 

    CITLALLI HERNÁNDEZ MORA, Secretary, Women’s Secretariat of Mexico and head of the delegation, said Mexico reaffirmed at the highest level its commitment to this Committee, to peace, and to the fight against discrimination against women and girls in all their diversity.

    Questions by a Committee Expert

    YAMILA GONZÁLEZ FERRER, Committee Expert and Country Rapporteur, said Mexico was a great country which faced colossal challenges.  Mexico should be congratulated on electing its first female President in its history, and the Committee recognised the State’s decision to adopt a feminist foreign policy, as well as the 2024 constitutional reform that incorporated the right to substantive equality, a life free from violence, and decent care.  The Committee also welcomed the constitutionalisation of the National Care System, the ratification of International Labour Organization Convention 189 on domestic work, and the progressive decriminalisation of abortion in several states.

    However, there were several issues.  The National Council to prevent discrimination seemed to have been weakened and seemed to lack power to strengthen itself; what had been done to strengthen this institution?   What steps had been taken to put in place criminal legislation which provided legal certainty for women?  What measures had the State taken to strengthen the independence of the National Human Rights Commission?  What help had it provided to women searching for the disappeared?   

    What mechanisms did the State put in place to guarantee an effective, gender-sensitive judicial response?  Were there interpreters available in indigenous languages?  Were there reparations available for victims of gender crimes? What measures were being planned to ensure elected judges had knowledge to judge with a gender perspective? Could statistics be provided on the fast-track and pretrial procedure, to illustrate how female victims had benefitted from these changes?  Had the performances of judges who had been trained been assessed? 

    Responses by the Delegation

    The delegation said that since 2018, the country had been experiencing deep seated change, including in the public administration system.  Mexico was a federal republic with 32 different constitutional bodies. It was important to mention the inclusion of discrimination in article 1 of Mexico’s Constitution.  The law on equality between men and women included a new law on discrimination.  There was a worsening situation for women in Mexico.  In non-progressive States, the situation was worse for women.  This was due to religious ideas, which impacted women’s sexual and reproductive health rights. 

    Mexico had special prosecution services in different bodies.  These ensured that the highest standards were used when investigating cases of femicide.  In cases of femicide, it was important to comply with standards relating to the crime. Protocols had been standardised for the crimes of femicide.  The Tribunal of Judicial Discipline had been created to combat impunity.  Lack of access to justice often took the form of impunity.  The Women’s Secretariat was working with the Department of Prosecutions to create a network of female lawyers to provide advice and organise strategic lawsuits.

    The National Human Rights Commission was a public independent body, with independence guaranteed in Mexican laws.  It issued recommendations on human rights violations when there was a gender element, and had general recommendations on femicide.  The Constitutional reform outlined the rights of indigenous peoples to be assisted by an interpreter, which must be taken into account to ensure appropriate defence in court. 

    The reform of the judiciary began with a desire to see parity in access, including equal representation of men and women as judges and magistrates.  Currently, only 30 per cent of these positions were held by women.  A judicial school would focus specifically on training.  A guidebook was being created for gender-based judgements which would represent a crucial tool.  There was one training programme which was binding for all members of the judiciary, and it was helping the State achieve progress. 

    The previous corruption of the judiciary did not allow women or relatives of killed women to defend themselves.  Unofficial pretrial was used due to the corruption of the judiciary.  Many judges would free perpetrators of femicide who would then threaten the relatives of murdered women. 

    Questions by Committee Experts

    A Committee Expert congratulated Mexico on the election of the first female President, and recognised the steps taken to achieve gender equality, including the creation of the first Ministry for Women in 2024.  What concrete steps was Mexico taking to strengthen effective coordination between national institutions on policies relating to the rights of women and girls, in light of technical and financial challenges; what concrete steps were being provided to strengthen their international capacity?  How was it ensured that institutions received technical resources to support their work? 

    Another Expert said Parliament had a high level of women’s representation, and as heads of Government.  However, while women comprised 50 per cent of candidates for mayoral elections, they were not being elected at the same rate, and faced barriers, including political violence and stereotypes.  Why had Mexico not adopted temporary special measures in this regard?  What temporary special measures had the State adopted to ensure parity in decision-making positions?  What about for the heads of corporate and private companies? Would the State consider adopting a positive discrimination act?   

    Responses by the Delegation

    The delegation said since 2018, Mexico had promoted the participation of women in the peace and security sector.  Work had been carried out to mainstream gender issues in all budgets and Government actions.  This year, half the budget was allocated for men, and half for women.  The budget aimed to make up areas of weakness in inequality.  The National Programme for Equality between men and women had mechanisms for follow-up and for impact assistance.  A national system was in place for the prevention and eradication of violence. A national database included a recording or registration of incidents of violence of women and girls; this was a register which different bodies fed information into.  The State aimed to have a living database which gave a clear overview of cases. 

    Mexico already had a law on equality.  As part of the 2021 electoral process, the competitive block system had been used. As part of the block, three levels of competitiveness were established in different areas.  This aimed to ensure women were candidates in places where they had a real chance of winning, which aimed to improve women’s participation at the local political levels.  In Mexico, there was no quota in place, but legislation was amended to bring about equality between men and women in elections. 

    A network of defenders had been put in place throughout the country, and within the network, there was now a defenders training network.  These people were selected to train and pass on their knowledge and skills, including on electoral justice.  The recent 2024 election had resulted in 540 female local authority council leaders.  The burden of proof had been reversed to ensure defendants had to provide they were not violent to women in the local council. 

    During the pandemic in 2021, the health system put in place special measures for women and girls to deal with the additional burden on them to provide caring in the home. This meant there had to be coordination on mental health services.  There were now centres which provided services to workers in the mental health sector and users of the mental health system.  Issues such as anxiety, post-traumatic stress, and depression, and their treatments, were key focuses.  Mental health services had been provided during lockdowns.

    There had been political party shenanigans when quotas were in place.  Mexico had equality.  Any electoral list needed to be composed of 50 per cent women and 50 per cent men. Positive discrimination and quotas were previously essential, but the State did not need them now because political equality had been achieved and Mexico was working to maintain it.

    Questions by Committee Experts

    An Expert said the Committee was concerned about the different definitions of feminicide, which meant many murders of women were not classified as feminicide.  Currently just 20 per cent of female murders were classed as femicide.  The persistence of stereotypes in the media, which mainly impacted minority women, was concerning.  Nonconsensual surgeries which impacted women with disabilities and indigenous women were also concerning.  What training was provided to the judiciary?  Was its impact assessed?  The search protocol for women and girls who had been disappeared was not effectively implemented throughout the country, which was concerning. 

    The Committee was also worried at the lack of inclusion of an intersectional approach in investigation protocols.  The lack of access to information, including rulings on violence against women, was additionally concerning.  The Committee was worried about the lack of a broad reparations policy for victims, particularly victims of violence or those who had been disappeared.  Data was lacking in many areas, including for women and girls who had been disappeared. 

    What measures were put in place for companies running social media to ensure they sanctioned criminal postings on their websites?  Could information be provided about women who were deprived of liberty? 

    A Committee Expert said the improvement of legislation on trafficking, including the general law to prevent, punish and eradicate trafficking in persons, was a positive step, as well as the creation of the Inter-Secretarial Commission on Trafficking, and the work of the Commission for Victim Support.  Nevertheless, the lack of sufficient implementation and coordination persisted as well as inefficient investigations, and the complicity of authorities with organised crime related to trafficking.

    What specific measures had the State adopted to prevent, investigate and punish trafficking in women for the purpose of sexual exploitation, and with what results?  How was it ensured that trafficking policies did not criminalise or re-victimise victims?  What actions had been developed against trafficking networks affecting migrant women and girls?  What programmes existed to guarantee reparation and mental health care to victims?  How were victims, who had been forced to engage in illegal acts by the cartels, protected?  How would the State party maintain a gender focus in their security policy?  Weapons in the United States were the main reasons for killings in the country. What follow-up measures did the Government consider in regard to United States manufacturers of weapons? 

    Responses by the Delegation

    The delegation said 71 justice centres existed in the country.  A programme was in place to shed light on situations of violence which took place in different parts of the country, and bring down the levels of violence nation-wide.  In 2024, the Charter was created to protect citizens from trafficking in persons, published in multiple languages, as well as in indigenous languages, and disseminated throughout the Government and federal bodies.  A manual on trafficking and an agreement had been developed, allowing local staff to be used to assist victims of femicide.  There was now a legal obligation to disseminate all decisions; these were now publicly available.  All persons were required to undergo mandatory training from the judiciary. 

    Mexico was aware that gender needed to be mainstreamed.  Around 62 per cent of mothers seeking the disappeared were located in seven federal states of Mexico.  Among the Constitutional reforms carried out, the comprehensive act on the national system of public security had been amended to create a special chapter on protection measures.  The Women’s Secretariat was raising the visibility of these measures to prevent violence against women.  The Mexican State had committed to developing a register to track orphans who were victims of femicide.  The State had been working on the harmonisation of the search protocols for women and girls.  The coverage of the justice centres for women had been enlarged, and there were now almost 80 in operation. 

    The fast-track procedure for femicide should not be compared to impunity.  This process was an opportunity to have access to truth, if the accused was convicted.  It enabled important information to be secured to ensure no further information escaped the prosecution.  The programme to combat trafficking was being updated this year. 

    Mexico had 33 criminal codes nationwide, due to the country’s federal makeup.  In the national criminal procedure, there was one single definition; femicide was criminalised, with gender stipulated as a ground.  Work had been undertaken on media violence, and several secondary laws which suppressed online and media violence had been amended.  Anyone guilty of online violence was liable to be punished.  The definition of femicide had been reworked, as had the measures to provide compensation to victims.  Mexico had developed protection measures for victims of online and media violence, which was something no other country had done before. 

    Legal reforms and awareness campaigns had been put in place to eradicate forced marriage.  It was essential to put in place a law which stipulated that marriage should only take place at the age of 18.  It was vital to eradicate child marriage in indigenous communities.  There had been a drop in this phenomenon of four per cent since 2018. 

    The State recognised the difficult situation of women in a mobility situation and the risk of gender-based violence.  The right to apply for refugee status was recognised in Mexico and was supported by various agreements. 

    There was no militarisation of Mexico’s security system.  It was acknowledged that violations had been committed by Mexico’s armed forces, and the State was committed to ensuring these events did not reoccur.   Mexico would ensure that codes were in line, so all crimes were dealt with the same way across the whole country.  The State would review communications and assess how femicide was reported, which could often lead to revictimisation of the victim.  It was vital to combat impunity in order to combat violence. 

    Civil society organizations had been key in achieving progress in Mexico, including in the areas of digital violence.  The State aimed to work together with social media platforms to prevent digital violence from occurring.  Mexico was a victim of trafficking in weapons.  It was essential for the State to continue to wage war on this phenomenon. 

    When considering how to classify crimes of femicide, the rulings related to several factors, including the relationship between the victim and the perpetrator.  Criteria were now in place which mandated that any violent death of a woman was to be investigated as a femicide.  It was vital to ensure the prosecution services were strengthened.  There were now 40 prosecutors and around 100 people investigating cases of femicide. For 2024, there had been 2,564 first degree murders of women, as well as more than 800 femicides. 

    Questions by a Committee Expert

    A Committee Expert said the Committee commended the State party’s achievements of guaranteeing equality in political and public life.  Reforms had been implemented towards preventing and eliminating gender discrimination.  This had resulted in a 43 per cent improvement in women’s public leadership positions.  The Committee lauded the 2019 constitutional reform entitled “gender parity in everything”, which guaranteed the political rights of women towards certifying gender parity for all candidates for elected political office, including municipalities with indigenous and Afro-Mexican populations.  Law 303 against violence was also lauded, which prevented male aggressors or those sentenced for violence from holding public office. However, concerns remained. 

    Could the State party outline existing measures to prevent political violence against women? What special measures had been adopted to ensure the political participation of indigenous women and other minority groups?  What percentage of women heading embassies and multilateral organizations was held by traditionally marginalised women?  What plans existed to combat women’s low levels of political participation and strengthen their participation in the community and social participation beyond elections?   

    Responses by the Delegation

    The delegation said Mexico produced disaggregated data regarding the situation of women.  There were 78 programmes desegregating data by gender.  The national survey on domestic relationships provided information on violence against women at home.  It reflected a falling trend in domestic violence.  Concerning financial issues, according to data, more than 26 per cent of women now had increased access to financial products, including loans and credit. The State was using available data to design and monitor public policies which were evidence-based.

    Around 200,000 firearms unlawfully entered Mexico every year.  Mexico was awaiting the decision of the International Criminal Court of Justice on this.  Trafficking in arms was a scourge in the country, and it was important to combat this. Gender gaps needed to be reduced in leadership roles.  The most recent survey stated that women made up 37 per cent of the diplomatic core, only 25 per cent of whom were ministers.  There were training programmes in place for public officials regarding political violence against women.  Specialised meetings had been carried out to disseminate the rights of women, including those with disabilities, migrant women, and rural women. In connection with civil society, a network had been created with women human rights defenders, guaranteeing the participation of these groups in courts.  It was mandatory to ensure parity in municipal bodies. 

    Questions by a Committee Expert

    A Committee Expert welcomed the provision in the law which permitted the transmission of nationality to descendants, including children born abroad.  What measures had the State adopted to ensure universal birth registration?  Had rural offices for birth registration been established?  What measures had been adopted to overcome barriers that indigenous women faced when they sought to register their children?  How was access to identity documents ensured?  What measures had been taken to facilitate the return of Mexican citizens to Mexico and guarantee their access to identity papers? 

    Responses by the Delegation

    The delegation said coordination groups had been established with the state civil registry, and registration campaigns had been launched.  Mobile units addressed issues regarding the registration of migrant births. There was no restriction on the status of a migrant person, whether documented or undocumented, to process their application to have access to services.

    Questions by a Committee Expert

    A Committee Expert commended Mexico for progress made in the area of education, including the education act which recognised the right to secular, free, inclusive education, which was gender and human rights based.  The State party was encouraged to continue and consolidate these efforts. What measures were underway to guarantee access to education?  What was Mexico doing to ensure that gender equality was truly maintained in school curricula?  What percentage of the educational budget was set aside for gender-based programmes? How were their impacts assessed? 

    The Committee noted with concern the high school drop-out rates due to pregnancy and violence. The ongoing persistence and increase of violence against women and adolescents, at all educational levels, was also concerning, particularly high levels of sexual violence.  What measures had Mexico taken to guarantee education for pregnant teenagers and to prevent them from leaving school?  How was it ensured that comprehensive sexual education was provided at all levels and in all states?  Was there a plan to ensure the eradication of gender-based violence in schools?  What measures was the State taking to guarantee standardisation and the enforcement of penalties?

    Responses by the Delegation

    The delegation said the new school model was based on the gender perspective, and the new sexual education syllabus had been created under this model.  In 2024, Mexico significantly invested in the training of teachers, as part of the national strategy to deal with and prevent teenage pregnancy.  This also focused on keeping teenagers who were pregnant in school.  A programme called violence-free schools supported people working in schools.  A protocol had been ratified to ensure the referral, channelling, follow-up and prevention of sexual violence in schools. 

    School dropout rates had fallen by 75 per cent for basic education, 26 per cent for secondary education, and 18 per cent in further education.  Mexico had invested just over 500,000 dollars on school infrastructure.  A national strategy was in place to prevent early pregnancy and there had been a 10 per cent drop in early pregnancy in Mexico over the past three years. Particular focus was paid to rural and isolated areas, where the issue was connected to others such as forced marriage.  Schools feeding programmes offered food and support to Afro and indigenous students. There were also scholarships available for higher education. 

    Questions by a Committee Expert

    A Committee Expert said the Government had adopted gender responsive labour reforms which promoted women’s access to employment, which was commendable.  However, the majority of women were concentrated in the informal market, and only 25 per cent of managers were women in private and public sectors.  Women also faced sexual harassment and threats in the workplace. 

    What actions had Mexico taken to close the gender wage gap between women and men?  How could women be helped to improve their digital literacy to start their own businesses and ensure employment?  How was it ensured that women employed in the domestic, care and agricultural sectors enjoyed social security and paid care benefits? How could indigenous women, women with disabilities, and migrant women have access to paid employment and social security?  What complaints mechanisms were in place for women in the labour market? 

    Responses by the Delegation

    The delegation said a programme was in place for rural and agricultural workers and temporary workers, with more than 20,000 women enrolled.  A programme had been put in place for domestic workers, with 60,000 domestic workers enrolled.  Nearly 200,000 persons benefitted from childcare schemes.  Legislation had been drafted allowing for pregnant persons to ask to be placed back on their post when they returned to work.  Short-term contracts were available for pregnant persons, which had to be extended after maternity leave had been taken. 

    A pilot project was being developed in Mexico, and legislation had been promulgated on rights for domestic workers.  Mexico had made progress in the areas of health, education and welfare.  A new minimum wage policy had been instigated to ensure a decent wage to those who earned the least.  The gender pay gap had been reduced by 29 per cent at the local level between 2019 and 2024.  The minimum wage for workers in border areas with the United States had increased significantly.  Over the past six years, there had been an 18.7 per cent increase in the number of women covered by social security systems.  In 2022, an agreement was struck between the private and public sector which aimed to monitor and assess the gender pay gap. 

    Questions by a Committee Expert

    A Committee Expert said since the last meeting with Mexico, there had been significant progress in sexual and reproductive health, but challenges still remained.  How was care for women guaranteed in State hospitals? Why did vaccination coverage dramatically drop from 100 per cent to 28 per cent to 2021?  What was the reason for the increase in breast cancer cases in the country?  What was the State doing to target women’s health? 

    Mexico should be commended for progress made in legalising abortion; however, it had still not been decriminalised in nine jurisdictions.  Care services for women who had chosen to have an abortion due to rape were still linked to the judicial system.  Some young children were detained because they had had an abortion. How was the State party planning to resolve these challenges?  How did the State intend to address issues such as hostile health workers or access to modern contraception? 

    How would the State combat the forced sterilisation of indigenous women and those with disabilities? Had there been reparations for victims? What measures were being taken to ensure a gender perspective when assessing the disabilities of women?  How could women who were victims of gender-based violence have access to mental health services without stigmatisation? Were there special services for the rehabilitation of children whose mothers were victims of violence? 

    Responses by the Delegation 

    The State was revising the law to ensure that cases of rape were not linked to the judicial system. It did not need to be proven that sexual violence had taken place to have access to a safe abortion.  The federal system continued to work with the nine states where abortion had not been decriminalised.  All contraception products were free and provided by the health care system for anyone who required them.  Mexico was reviewing all informed consent in relation to the health system to ensure they were accessible to persons with disabilities, and to allow anyone to have full control over decisions being taken or any procedure recommended for them. 

    The new health system guaranteed all women had the same quality, standardised care throughout the country.  One of the emblematic programmes of the new administration covered treatment for the elderly and persons with disabilities.  Thousands of doctors and nurses had been recruited and went door to door seeking out these people and helping them to create a medical file to receive the care they needed.  More than 80 justice centres provided free psychological and counselling services. The State needed to recruit additional specialised healthcare workers to bolster mental health services. 

    Mexico was working closely with offices that defended the rights of children and adolescents to enable them to identify children and adolescents at risk in all areas. Guidelines had been issued in February this year, focusing on obstetric violence.  No woman in Mexico was in prison because she had carried out an abortion. An amnesty had been declared last year for anyone in prison for this reason.  The State had been working to ensure all these women were released. 

    Questions by a Committee Expert

    A Committee Expert commended the State party on its notable initiatives to advance the economic and social benefits of women, including the microcredits for wellbeing programme, with over 70.5 per cent of the 1.25 million loans allocated to women. Nonetheless, their impact was limited. Mexico had the lowest rate of women’s economic participation in the region and would not reach gender parity on corporate boards until 2052.  What plans were in place to integrate unpaid care and domestic work into macroeconomic frameworks?  Were women non-governmental organizations consulted to capture their views and voices in the design? 

    What measures were in place to increase female leadership in economic sectors, financial portfolios, and procurement opportunities?  How were women, particularly indigenous, Afro-Mexican, rural and migrant women, and women with disabilities benefiting from targeted economic interventions?  What concrete plans existed to expand women’s participation in sports leadership?  Were there gender targets within the investment plan and the sovereign wealth fund?  The State should be commended on the act which regulated the digital sector. Was there data available on the level of reparations provided by companies regarding violations of women’s rights? 

    Responses by the Delegation

    The delegation said Mexico aimed to boost domestic trade through a number of credit lines, and aimed to empower workers economically.  The President had created the very first cooperative with the cleaners in the Presidential Palace.  Significant progress had been recorded in the reduction of poverty. 

    There had been a 12 percent increase in the income of rural women.  There had been a financial transfer to women between the ages of 60 and 64.  Women athletes earned up to 500 per cent less than men for the same sport.  An initiative had been developed to ensure that women who were professional sports persons were entitled to a basic wage, which so far did not exist for female athletes.  Around 5,403 economic projects had been supported by the State to drive forward activities for productive education for communities and regions. This year, Mexico would be creating 200 childcare centres to ensure that women, particularly rural and indigenous women, did not have to leave their job to care for their children.

    All economic projects had a gender-based approach.  Everything began with consultations with the community.  Many new governmental funds were earmarked for the fostering of the participation of women in rural areas, including for land titles. 

    Questions by a Committee Expert

    A Committee Expert asked if the Mexico City law for the murder of trans people for reasons of identity would be extended to all 32 states?  Would the ratification of the new United Nations Cybercrime Convention of 2025 be considered?  While Mexico had seen an 18 per cent reduction in rural poverty, this issue persisted.  How would the plan developed address rural poverty?  Would rural women be able to overcome cultural taboos to land ownership? 

    Around 46.1 per cent of those in pretrial detention were women.  Women were sometimes kept in prison awaiting sentencing for many years. How would the State strengthen their due process rights in this regard?  How would the State bring a survivor-centred approach to justice for the disappeared and their families?  It was acknowledged that the President had committed her office to addressing enforced disappearance; however, it was important to bring a gender perspective to this. 

    Responses by the Delegation

    The delegation said more than 10 million people had come out of poverty over the past seven years, due to the social policies in place specifically targeting rural and indigenous areas.  Mexico had social protection caravans, ensuring protection and advice was taken to women in different areas.  Training was provided to rural women and they were given special tools and knowledge to exercise their land rights.  The State had reached the goal to issue 150,000 land titles. 

    Special gynaecological and trauma services had been provided for women in prisons.  There was special care for pregnant women in prison and children detained with their mothers.  A mechanism was in place to follow-up on cases of torture.  The Public Defender had carried out 5,600 visits to female detainees, and ensured that measures they had implemented had yielded results, including special care for trans women.  Lengthy pre-trial detention periods had to be overseen by a court.  Mexico had stated at the Conference of States parties that they did not agree with the implementation of a declaration which rid the Convention against Enforced Disappearances of its meaning.  This was a unilateral decision by the Committee.   

    Questions by a Committee Expert

    A Committee Expert asked what was being done to help women facing intersectional discrimination to claim their rights in court?  What would be done to harmonise indigenous rules with gender equality?  What had been the impact of efforts targeting law enforcement authorities?  What were the plans for the future to make family judges and lawyers, social workers and local authorities fully aware of women’s rights?  The Committee commended Mexico for positive trends in combatting child marriage.  What was being done to raise awareness about the minimum age of marriage and further improve respect for the prohibition of early marriage? 

    Responses by the Delegation

    The delegation said Mexico had made constitutional reforms and reforms to secondary law to protect all women in their diversity, including migrant women, domestic workers, and indigenous women. A lot of progress had been made in protecting the intersectional rights of women.  A court had noted that it was mainly women who had caring responsibilities, and the State was focusing on the situation on the division of labour. Measures had been taken to provide information in indigenous languages.

    Closing Remarks 

    CITLALLI HERNÁNDEZ MORA, Secretary, Women’s Secretariat of Mexico and head of the delegation, commended the Committee for its work and the Experts for their questions and comments.  All the different sectors of the State were involved in drafting the report.  Mexico had made progress but there were areas where challenges remained.  Mexico had a striving civil society and a strong feminist movement, as well as the first woman President.  The Committee’s recommendations were very important for the Government, and the dialogue had been an enriching experience.  Mexico was committed to changing the lives of all women in the country.

    NAHLA HAIDAR, Committee Chair, said she had been privileged to meet the President of Mexico and was hopeful about her vision.  It was an exceptional opportunity for the world to have a female in this position.  Ms. Haidar thanked Mexico for the constructive dialogue which had provided further insight into the situation of women and girls in the country. 

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

     

    CEDAW25.0013E

    MIL OSI United Nations News

  • MIL-OSI Europe: France: The EIB and Banque Populaire and Caisse d’Epargne sign an agreement to support French small and medium-sized enterprises in the defence sector

    Source: European Investment Bank

    EIB

    • A €300 million loan from the European Investment Bank will enable the BPCE banking group, through its network made of Banque Populaire and Caisse d’Epargne, to increase its financing to the sector.
    • This operation is the first signed by the EIB in France, and the second in Europe, under the new €3 billion envelope dedicated to European SMEs active in security and defence.
    • The objective is to facilitate access to financing for SMEs investing in strategic areas such as cybersecurity, surveillance, resilience, and defence technologies.

    The European Investment Bank (EIB) and the BPCE banking group have signed a €300 million loan agreement in favor of small and medium-sized enterprises (SMEs) in the security and defence sector in France.

    This is the first operation signed by the EIB in France as part of the recently announced €3 billion envelope to support companies active in the defence value chain. The EIB has increased intermediated loans and guarantees available for key defence-industry segment to €3 billion from €1 billion originally, and has signed a first deal with Deutsche Bank last week.

    The loan granted to BPCE is specifically intended to address the financing needs of French SMEs investing in cybersecurity, surveillance, resilience, and new technologies related to defence.

    Ambroise Fayolle, Vice-President of the EIB responsible for operations in France: “We are delighted to sign with BPCE the first agreement in France to support small and medium-sized enterprises active in the security and defence industry. To ensure the security of our continent, we must support the entire ecosystem of the defence industry, including companies present in the value chain, as they often have a significant impact on their territory in terms of innovation and employment.”

    Robert de Groot, Vice-President of the EIB responsible for security and defence: “In the space of one week, two major operations have been signed between the EIB and European banking partners to support SMEs active in security and defence. Facilitating financing is a critical step toward unlocking the full potential of these companies in strengthening Europe’s strategic capabilities.”

    Cédric Glorieux, Head of Products and Solutions Banque Populaire and Caisse d’Epargne: « We are very pleased that BPCE, through its network Banque Populaire and Caisse d’Epargne, is the first banking group in France to sign this strategic agreement with the EIB. This agreement underlines our determination to step up our support for French small and medium-sized enterprises in the defence sector. Thanks to this €300 million financing envelope, BPCE will play a key role in strengthening the competitiveness and innovation of French companies, while meeting the challenges of our country’s sovereignty. » 

    The €3 billion EIB envelope also follows the agreement between the EIB and the promotional institutions of France, Germany, Italy, Poland, and Spain to explore co-financing opportunities in support of the European security and defence industry. This cooperation, announced on June 6, aims to promote a pan-European vision in areas such as research, industrial capabilities, and infrastructure.

    Background information

    EIB
    The European Investment Bank (EIB), whose shareholders are the Member States of the European Union (EU), is the EU’s long-term financing institution. Across eight major priorities, we support investments that contribute to achieving the EU’s key objectives. In 2024, the EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing in support of more than 900 high-impact projects, thereby strengthening Europe’s competitiveness and security. In France, the EIB Group signed more than one hundred operations in 2024 for a total amount of €12.6 billion, which made it possible to mobilize €62 billion in investments in the real economy. Nearly 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation and adaptation. More information about the EIB Group financing for security and defence is available here.

    Media services can find recent high-resolution photos of our headquarters in Luxembourg here.

    Groupe BPCE

    Groupe BPCE is the second-largest banking group in France and the fourth-largest in the euro zone in terms of capital. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group’s financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody’s (A1, stable outlook), Standard & Poor’s (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A+, stable outlook).

     

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Potential fraudulent exploitation of Erasmus+ funds – E-001738/2025(ASW)

    Source: European Parliament

    In accordance with the Financial Regulation[1], the Commission ensures that recipients of EU funds comply with legal provisions on the protection of EU financial interests.

    In case of breach of these obligations, the Commission may take several measures, as outlined in the grant agreement signed by the beneficiaries with the responsible National Agency (NA). These measures include grant reduction to payment suspension, suspension or termination of the grant agreement, and recovery of the paid grant amount.

    In the event of suspicion of an exclusion situation, the Commission flags the relevant entity in the Early Detection and Exclusion System. When the Commission becomes aware of any suspected cases of fraud, corruption or any other illegal activity affecting the EU budget, it informs the European Anti-Fraud Office and, where applicable, the European Public Prosecutor’s Office (EPPO).

    Since the introduction of simplified cost options, the risk of irregularity has been reduced to under 2% of the overall annual amount implemented. Accreditation of grant beneficiaries and the reduction in the maximum number of applications per beneficiary have also help lower the overall error risk.

    NAs monitor Erasmus+ projects under the supervision of the Commission, which then analyses data from NAs to reinforce such monitoring mechanisms. Finally, the Commission also assists NAs in addressing recipients where there is greater financial or reputational risk, including via supervisory visits and audits.

    • [1] https://eur-lex.europa.eu/eli/reg/2024/2509/oj/eng.
    Last updated: 18 June 2025

    MIL OSI Europe News

  • MIL-OSI Russia: DPO will help overcome the shortage of personnel

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Photo: Dmitry Orlov / Fornd Roscongress

    One of the key topics of the business program of the St. Petersburg International Economic Forum, which is taking place from June 18 to 21, was the development of education and personnel training. At the session “Personnel shortage and strategies for overcoming it”, held within the framework of the forum of small and medium entrepreneurship, Senior Director of the National Research University Higher School of Economics Andrey Lavrov spoke about the role of additional professional education in solving the personnel problem.

    Opening the discussion, session moderator Sergei Nuzhdin, member of the presidium of the board of the All-Russian public organization of small and medium-sized businesses “OPORA RUSSIA”, called the shortage of personnel one of the most pressing problems of the country and the economy as a whole.

    Andrey Lavrov noted that this problem needs to be solved here and now, so it would be wrong to talk about long-term strategies, including changes in approaches to university education, in this context. “A university is not a supplier of personnel to the labor market, but an environment that creates people who are able to respond to changes at different periods of their lives and careers,” he noted.

    According to the senior director of the National Research University Higher School of Economics, additional professional education helps to respond correctly to these changes. At HSE, the portfolio of additional professional education programs is formed taking into account the demands of consumers, which can be divided into two halves. The first half are employers who contact the university with a request to train their employees, the second are people who want to independently develop their qualifications.

    “We focus primarily on such people. If we take the broadest possible view, their age is from 25 to 45 years old, that is, they are not yesterday’s students,” Andrey Lavrov clarified. It is clear that, for example, AI technologies, for which they have demand today, were impossible to master earlier, within the framework of higher education, because such technologies did not exist at all.

    “We slightly underestimate the system of additional education. I am deeply convinced that a person’s educational trajectory, starting in early childhood, should in no case end with receiving a diploma of higher education. In order for each person to be competitive, so that the problem of personnel shortage does not arise, it is necessary to form a culture of continuous education of people,” says Andrei Lavrov.

    “The challenge and responsibility of universities is to create continuing education programs that, on the one hand, people need, and on the other hand, make them more competitive,” concluded the senior director of the HSE.

    Other approaches to solving the personnel problem were also considered at the session.

    Vladislav Grib, Deputy Secretary of the Public Chamber of the Russian Federation, proposed creating Russian colleges and universities in friendly countries and giving their graduates priority when finding employment in our country.

    Sergei Morozov, State Duma deputy and federal coordinator of the “Choose Your Own” project, spoke about the national project “Personnel”, comparing the conditions for its implementation with the era of the first five-year plans.

    Alexander Vaino, Director of the Young Professionals Department at the Agency for Strategic Initiatives, focused on developing the interest of young people in working at strategically important enterprises, primarily industrial ones, in their regions.

    Elena Didenko, Vice-Rector for Continuing Professional Education at the Financial University under the Government of the Russian Federation, proposed reconfiguring employment services to make them more client-centric.

    Natalia Vershinina-Adelman, Director, Private Employment Agency Regional Labor Exchange LLC, spoke about infrastructure solutions for attracting qualified personnel from BRICS countries.

    At the end of the session, the participants were presented with the project “Why are you needed at home”, within the framework of which the professional socialization of young people is carried out.

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

    MIL OSI Russia News

  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to Zimbabwe

    Source: IMF – News in Russian

    June 18, 2025

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

    Harare, Zimbabwe: An International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski visited Harare from June 4 to June 18, 2025, to conduct the 2025 Article IV Consultation.

    At the conclusion of the IMF mission, Mr. Maliszewski issued the following statement:

    “Zimbabwe is experiencing a degree of macroeconomic stability despite lingering policy challenges. Following successive bouts of hyperinflation over the past few years, more disciplined policies—including halting and transferring to the Treasury the quasi-fiscal operations (QFOs) of the Reserve Bank of Zimbabwe (RBZ) and tighter monetary policy despite fiscal pressures—have helped stabilize the local currency (the ‘ZiG’) and reduce inflation. Growth this year is recovering following a sharp slowdown in 2024, which was affected by a drought that lowered agricultural output by 15 percent. Electricity production also fell, and declining prices for platinum and lithium weighed on the mining output. During the first half of 2025, better climate conditions and historically high gold prices have boosted agricultural and mining activity, strengthening the current account and contributing to the recovery, with growth projected at 6 percent in 2025.

    “Buoyed by the growth recovery and policy measures—a reduction in VAT tax reliefs, increased fees and levies, taxation of the COVID public servant allowance, and steps to reduce smuggling—revenue ratio increased sharply to 18 percent of GDP. That said, fiscal pressures intensified in 2024 and in the first months of 2025 as higher revenues proved insufficient to meet growing spending needs. These came notably from higher public sector wages, capital outlays related to a SADC summit, debt servicing costs on past QFOs by the RBZ taken over by the Treasury, and servicing liabilities related to the acquisition of assets for the Mutapa Investment Fund. The fiscal deficit was financed by T-bills issuance and direct borrowing from the RBZ’s overdraft facility to service debt, contributing to the expansion of domestic liquidity and an overnight drop in the value of the ZiG in September 2024, and a significant buildup of expenditure arrears that continued into 2025.

    “Following the overnight drop in the value of the ZiG, inflation spiked in October 2024 then declined significantly as both the willing-buyer willing-seller (WBWS) and parallel market rates have since stabilized, helping to bring month-on-month inflation down to an average of 0.5 percent over the period February to May 2025. At the same time, the gap between the WBWS and parallel market rates has narrowed significantly, but remains at around 20 percent. In this context, the mission welcomed the repeal of Statutory Instrument 81A of 2024—which had mandated the formal sector to use the WBWS rate in the pricing of goods and services, contributing to an increase in dollarization and informality.

    “To support the authorities’ stabilization efforts, key Article IV recommendations include: in the near term, fiscal policy actions to center on closing the financing gap without recourse to monetary financing and further domestic arrears buildup, while safeguarding social spending, and delivering a durable fiscal adjustment in the longer term; monetary and FX policy to focus on supporting a transition to stable national currency, with an effective monetary policy framework and market-determined exchange rate policy; and, to boost growth, structural and economic governance reforms. In this context, policy priorities include:

    • Fiscal. Closing a substantial fiscal financing gap for 2025 in a way consistent with available sustainable and non-inflationary financing. This would require rationalizing spending and increasing the effectiveness of the authorities’ strategy to run a cash budget through better planning and stronger political commitment to control spending. This would also require strengthening the public spending commitment control system to avoid further arrears accumulation; and a close monitoring of domestic arrears (including through an audit of remaining arrears). The 2026 Budget will be critical to establish a policy track record, and measures will be needed to close the fiscal gap in 2026. Over the medium term, fiscal adjustment should be accompanied by fiscal-structural policies to strengthen public financial management (PFM), expenditure controls, and budget credibility.
    • Monetary and FX. The mission recommends improving the functioning of the WBWS market through a more transparent price-setting mechanism and by gradually replacing surrender requirements with a requirement to convert export proceeds directly into the market through Authorized Dealers, while focusing the RBZ’s FX interventions to managing excessive volatility in the exchange rate. Monetary policy can be enhanced by the introduction of an effective deposit facility at the RBZ, followed by fully introducing indirect market instruments and phasing out direct instruments. In the longer-term, a comprehensive package of macroeconomic, financial, and structural policies should be pursued to allow for a gradual relaxation of other Capital Flow Management Measures (CFMs) and elimination of undesirable exchange restrictions noted by the Article VIII mission.
    • Mutapa Investment Fund and State-owned enterprises (SOEs). To mitigate fiscal risks, the mission recommends strengthening the governance framework for the Mutapa Investment Fund—including strengthening its reporting, audit, disclosure, and oversight requirements in line with international best practices—and the overall public sector transparency and reporting.

    “The authorities have also announced their plan to transition to a mono-currency system by 2030. The mission emphasized the need to continue strengthening the monetary and FX market framework in line with IMF staff recommendations. This should be complemented by measures to enhance the demand for ZiG in the domestic economy—most notably, increasing the share of Treasury’s operations (revenues and expenditures) in ZiG. To reduce any uncertainty weighing on financial intermediation, the authorities should provide more clarity on the operational implications of the transition plan, including clarifying that the use of a mono-currency will be limited to domestic transactions, allowing for bank deposits to remain denominated in both currencies.

    “In the context of the requested SMP, IMF staff stands ready to resume discussions in due course once decisive steps have been taken by authorities to address the key policy issues highlighted by the mission.

    “International reengagement remains critical for debt resolution and arrears clearance, which would open the door for access to external financing. In this context, the authorities’ reengagement efforts, through the Structured Dialogue Platform, are key for attaining debt sustainability and gaining access to concessional external financing.

    “The IMF maintains an active engagement with Zimbabwe and continues to provide policy advice and extensive technical assistance in the areas of revenue mobilization, expenditure control, financial supervision, debt management, economic governance, as well as macroeconomic statistics. However, the IMF is currently precluded from providing financial support to Zimbabwe due to its unsustainable debt situation—based on the IMF’s Debt Sustainability Analysis (DSA)—and official external arrears. An IMF financial arrangement would require a clear path to comprehensive restructuring of Zimbabwe’s external debt, including the clearance of arrears and a reform plan that is consistent with durably restoring macroeconomic stability; enhancing inclusive growth; lowering poverty; and strengthening economic governance.

    “IMF staff held meetings with His Excellency President Emmerson Mnangagwa; Minister of Finance, Economic Development and Investment Promotion Honorable Professor Mthuli Ncube, his Deputy Minister of Finance, Economic Development and Investment Promotion Honorable David Mnangagwa and his Permanent Secretary Mr. George Guvamatanga; Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu; Mr. Willard Manungo, Deputy Chief Secretary to the President and Cabinet; other senior government and RBZ officials; honorable members of Parliament; and representatives of the private sector, civil society, and Zimbabwe’s development partners.

    “The IMF staff would like to thank the Zimbabwean authorities and other stakeholders for constructive discussions and support during the 2025 Article IV consultation process.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

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

    https://www.imf.org/en/News/Articles/2025/06/18/pr-25203-zimbabwe-imf-completes-2025-article-iv-mission

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Security: D.D.C. Cryptocurrency Investment Fraud Forfeiture Announcement

    Source: United States Attorneys General

    Thank you, United States Attorney Pirro. My name is Matthew Galeotti, and I am the Head of the Justice Department’s Criminal Division, which is over the Computer Crime and Intellectual Property Section (CCIPS).

    Today’s civil forfeiture complaint against over $225 million worth of cryptocurrency is the Department’s latest action in our ongoing fight against cryptocurrency fraud schemes, which the FBI estimates caused more than $9.3 billion in reported losses in 2024 alone. And $5.8 billion of those reported losses can be attributed to cryptocurrency investment fraud schemes, specifically.

    The criminal scheme alleged in the complaint laundered millions of dollars in cryptocurrency taken by fraud and deceit from over four hundred suspected victims who were misled to believe that they were making legitimate cryptocurrency investments. These scammers tried to conceal their actions, executing thousands of transactions across an extensive network of wallets and accounts to launder their ill-gotten gains.

    This is not the first action we’ve taken to hold cryptocurrency scammers to account—and it will not be the last. These schemes harm American victims and undermine investor confidence in the cryptocurrency ecosystem.

    Just last week, the Department announced the guilty pleas of five men who laundered over $36 million from victims of a cryptocurrency investment fraud scheme that operated out of Cambodia. These defendants face maximum penalties of between five and 20 years in prison.

    And last month, a federal District Court here in D.C. ordered the forfeiture of approximately $2.5 million worth of cryptocurrency associated with one of these schemes. And we also announced the seizure of an additional $868,247 worth of cryptocurrency from scammers.

    You’ve just heard from United States Attorney Pirro about why today’s announcement matters, and how you can protect yourself from falling victim to these schemes. But it bears emphasizing the points she made here today.

    The impact of these schemes on their victims can be devastating—both financially and personally—and this impact is compounded many times over by the sheer scale of these schemes.

    The FBI estimates that cryptocurrency investment fraud led to roughly $9.3 billion in losses in 2024 alone. Individuals over the age of 60 were the most affected, with roughly $2.8 billion in losses.

    To put it plainly, these are con artists. Protect yourselves by educating yourselves. Before considering any investment involving cryptocurrency, read the FBI’s web page about Cryptocurrency Investment Fraud and check if you see any of the “red flags” identified there. For example, if an unknown individual contacts you, do not release any financial or personal identifying information (PII) and do not send any money; verify the validity of any investment opportunity from strangers or long-lost contacts on social media websites; and if an investment opportunity sounds too good to be true, it likely is.

    There are additional red flags on the FBI’s page and I encourage the public to review them carefully. 

    Today, I’m here to underscore the Department’s commitment to protecting the American public from these transnational criminal organizations—and to securing justice for victims. You are not alone. Our skilled investigators and prosecutors are working relentlessly to identify and hold to account those who seek to profit from harming our citizens. We will use every tool at our disposal to ensure that these crimes do not pay and to bring these perpetrators to justice. 

    MIL Security OSI

  • MIL-OSI Security: Head of the Criminal Division, Matthew R. Galeotti, Delivers Remarks in Cryptocurrency Investment Fraud Forfeiture Announcement

    Source: United States Attorneys General 13

    Thank you, United States Attorney Pirro. My name is Matthew Galeotti, and I am the Head of the Justice Department’s Criminal Division, which is over the Computer Crime and Intellectual Property Section (CCIPS).

    Today’s civil forfeiture complaint against over $225 million worth of cryptocurrency is the Department’s latest action in our ongoing fight against cryptocurrency fraud schemes, which the FBI estimates caused more than $9.3 billion in reported losses in 2024 alone. And $5.8 billion of those reported losses can be attributed to cryptocurrency investment fraud schemes, specifically.

    The criminal scheme alleged in the complaint laundered millions of dollars in cryptocurrency taken by fraud and deceit from over four hundred suspected victims who were misled to believe that they were making legitimate cryptocurrency investments. These scammers tried to conceal their actions, executing thousands of transactions across an extensive network of wallets and accounts to launder their ill-gotten gains.

    This is not the first action we’ve taken to hold cryptocurrency scammers to account—and it will not be the last. These schemes harm American victims and undermine investor confidence in the cryptocurrency ecosystem.

    Just last week, the Department announced the guilty pleas of five men who laundered over $36 million from victims of a cryptocurrency investment fraud scheme that operated out of Cambodia. These defendants face maximum penalties of between five and 20 years in prison.

    And last month, a federal District Court here in D.C. ordered the forfeiture of approximately $2.5 million worth of cryptocurrency associated with one of these schemes. And we also announced the seizure of an additional $868,247 worth of cryptocurrency from scammers.

    You’ve just heard from United States Attorney Pirro about why today’s announcement matters, and how you can protect yourself from falling victim to these schemes. But it bears emphasizing the points she made here today.

    The impact of these schemes on their victims can be devastating—both financially and personally—and this impact is compounded many times over by the sheer scale of these schemes.

    The FBI estimates that cryptocurrency investment fraud led to roughly $9.3 billion in losses in 2024 alone. Individuals over the age of 60 were the most affected, with roughly $2.8 billion in losses.

    To put it plainly, these are con artists. Protect yourselves by educating yourselves. Before considering any investment involving cryptocurrency, read the FBI’s web page about Cryptocurrency Investment Fraud and check if you see any of the “red flags” identified there. For example, if an unknown individual contacts you, do not release any financial or personal identifying information (PII) and do not send any money; verify the validity of any investment opportunity from strangers or long-lost contacts on social media websites; and if an investment opportunity sounds too good to be true, it likely is.

    There are additional red flags on the FBI’s page and I encourage the public to review them carefully. 

    Today, I’m here to underscore the Department’s commitment to protecting the American public from these transnational criminal organizations—and to securing justice for victims. You are not alone. Our skilled investigators and prosecutors are working relentlessly to identify and hold to account those who seek to profit from harming our citizens. We will use every tool at our disposal to ensure that these crimes do not pay and to bring these perpetrators to justice. 

    MIL Security OSI

  • MIL-OSI: Credit Unions Sound the Alarm on Student Loan Procrastination — Urge Families to Lock in Flexible Line of Credit Before Fall Deadlines

    Source: GlobeNewswire (MIL-OSI)

    Washington, DC, June 18, 2025 (GLOBE NEWSWIRE) — CU Student Choice, a leading provider of education financing solutions, is renewing its nationwide outreach to help students and families avoid last-minute borrowing pitfalls and long-term debt. Backed by a network of more than 200 credit union partners, the flexible, multi-year education line of credit offers a smart, reusable alternative to traditional private student loans, just as tuition deadlines loom and financial decisions become most critical.

    Flexible Education Line of Credit

    The initiative, offered through the Student Choice platform, aims to give families an alternative to traditional private student loans, which often force borrowers to guess their total cost of attendance upfront and reapply every year.

    “Many families wait until the last minute and feel forced into taking whatever loan they can get,” said Rich Kump, President and CEO, UMassFive College Federal Credit Union. “This approach creates stress and leads to overborrowing. Our education line of credit removes that pressure by providing a reusable safety net so students can borrow as needed, when needed.”

    A Safety Net, Not a Sales Pitch

    Unlike most private loans that lock borrowers into one lump-sum loan amount year by year, the Student Choice model allows you to draw on funds over multiple academic years* That means students can adjust borrowing based on scholarships, financial aid, or changes in academic plans — avoiding interest on funds they do not need. Even if students don’t plan to borrow right away, having the line of credit in place gives them a financial safety net they can tap into if or when it’s needed. The credit union-backed program also offers:

    • One-time application for multiple years of borrowing*
    • No origination fees or prepayment penalties
    • Support from real credit union representatives
    • Repayment terms of up to 25 years for affordability

    This unique model has already helped 132,000 families finance their college education more confidently and has recently been expanded to support more than 2,000 colleges and universities.

    A Timely Warning for Procrastinators

    A recent report from Sallie Mae shows that more than 50% of families wait until July or later to finalize student financing — often leading to rushed decisions and higher loan balances. Traditional private loans, often promoted through paid aggregator sites, do not always provide the flexibility or transparency needed for smart borrowing decisions.

    “We built this program for families who don’t want to overborrow but also can’t afford to wait,” said Kump. “It’s not about pushing debt. It’s about doing the right thing and putting students in control.”

    Rising Awareness Amid Growing Concern

    As federal student loan headlines dominate the news, from stalled forgiveness debates to rising interest rates on new federal loans – families are facing a confusing and often frustrating borrowing environment. Many students don’t realize until it’s too late that federal loans alone may not cover the full cost of attendance, and traditional private loans often lead with unobtainable, low teaser rates, rigid terms, and limited protections.

    Amid this uncertainty, credit unions are stepping up. Backed by decades of member-first values, these not-for-profit institutions are offering a smarter, more transparent alternative – one that’s designed around flexibility, and long-term financial wellness. With an education line of credit, students and families can secure funding without being forced into borrowing more than they need, offering a calmer path forward during an increasingly chaotic time.

    * Subject to credit approval and annual review. Must meet the school’s Satisfactory Academic Progress (SAP) requirements.

    About CU Student Choice

    CU Student Choice is a credit union service organization (CUSO) that helps credit unions strengthen their role in education finance. Through private loan solutions and borrower education, Student Choice enables institutions to offer fair, flexible student lending that meets real-world needs. Since 2008, more than 132,000 families have accessed funding through Student Choice credit union partners. To learn more, visit StudentChoice.org. NMLS #2123582

    Press inquiries

    CU Student Choice
    https://www.StudentChoice.org
    Mike Weber
    mweber@studentchoice.org
    563-599-1193
    1001 Connecticut Avenue NW, Suite 1001, Washington, DC 20036

    The MIL Network

  • MIL-OSI: XRP Will Account for 14% of SWIFT’S Transaction Volume; PFM CRYPTO Launches Cloud Mining Contracts for XRP Holders; XRP User Base Surges 360%

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 18, 2025 (GLOBE NEWSWIRE) — Liquidity solution has become a focal point of Ripple’s long-term vision. Affirming this, the Ripple CEO predicted that XRP may account for 14% of SWIFT’s global transaction volume at the XRP APEX 2025 conference in Singapore.

    This bold assertion reflects Ripple’s internal desire to use crypto-based liquidity to challenge traditional financial tracks. To support this liquidity-driven solution, PFM Crypto, a leading Cryptocurrency mining platform, launched a 2-day XRP mining contract aimed to inject more XRP into circulation, making the digital asset more accessible to everyday users.

    Click to view PFMCrypto homepage: https://pfmcrypto.net

    “Ripple’s bold assertion sets the tone for the future of decentralized finance, and we are here to align our platform’s offering with that vision by offering users an easy way to mine XRP and contribute to crypto liquidity in general.” said PFMCrypto CEO

    What Is PFMCrypto’s XRP Cloud Mining?
    PFMCrypto cloud mining is a remote cryptocurrency mining solution that supports a wide range of digital assets, including XRP. Users tap into PFMCrypto’s robust computing power to earn profits—without needing to buy mining hardware or manage technical maintenance. By lowering the threshold for mining XRP, PFM Crypto’s 2-day mining contract will directly promote the efficient development of the XRP ecosystem.

    Cryptocurrency mining remains one of the most cost-effective ways to gain value from cryptocurrency assets without users having to bear losses from price fluctuations. Compared to direct purchase, PFM Crypto’s mining model offers a low-risk, low-cost alternative for users interested in entering the XRP ecosystem.

    Get on the PFM Crypto 2-day XRP Mining Plan for Fast, Affordable, and Rewarding Cloud Mining.
    The newly launched 2-day XRP mining contract on PFM Crypto gives crypto miners an instant 24-hour reward – offering new users and crypto enthusiasts a lower barrier entry into cloud mining for as little as $10.

    On PFM Crypto, users get to earn XRP in real-time without the hassle of setting up the hardware or getting the technical knowledge required to manage it – just a secure and easy way to earn XRP. Additionally, the platform also gives new users a whopping $10 welcome bonus with which to start mining.

    Click here to register and claim your $10 welcome bonus.

    Why does PFM Crypto Lead the XRP Cloud Mining?
    While several protocols now offer XRP cloud mining service, PFM Crypto is set apart as the most trusted XRP mining platform in the space. With over 9.2 million users, crypto enthusiasts are reaping rewards every day without restriction.
    Two Things that Set PFM Crypto Offers Apart:
    1. Highest mining rewards: Unlike other platforms where users are subjected to hidden fees that eat deep into their earnings, PFM Crypto guarantees a transparent system that ensures maximum reward for your mining efforts.
    2. Instant withdrawal: Withdrawal is available 24/7 from the moment you join and start earning. Your rewards don’t just accumulate; it is accessible, too.

    Cloud Mining Contract Strategy: Powered by Real Results
    With the launch of the 2-day XRP contract, PFMCrypto is opening its high-performance cloud mining infrastructure to the public—free to access. Since its founding in 2018, the platform has expanded to over 9.2 million active users across 192 countries and regions, delivering exceptional results:
    2-Day Strategy: +6.6% return
    5-Day Strategy: +6.15% return
    15-Day Strategy: +20.7% return
    30-Day Strategy: +55.6% return
    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.

    Click here to view the full mining contract catalog.

    How to get started on the most trusted Cloud Mining platform in 2025
    1. Sign up on PC or mobile device here
    2. Receive a free $10 welcome bonus
    3. Active the first free cloud computing power with the bonus
    4. See a breakdown of your expected earnings and monitor rewards using its real-time analytical tool
    5. Access your free withdrawal anytime

    About PFMCrypto
    Founded in 2018, PFMCrypto represents a new generation of AI-driven cloud mining, built on data, performance, and trust. With a rapidly growing global user base, PFMCrypto stands out as one of the most promising crypto investment opportunities of the year—especially for investors seeking sustainable, long-term returns over speculation.
    Full details and participation: https://pfmcrypto.net

    Media Contact:

    Amelia Elspeth
    PFMcrypto
    info@pfmcrypto.net

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/29bdd0f1-4894-4e8a-8a6f-4a34608eb729

    https://www.globenewswire.com/NewsRoom/AttachmentNg/24b59cd5-ef80-4b28-a20c-58efbc27da32

    The MIL Network

  • MIL-OSI: Landis+Gyr Optimizes Total Cost of Ownership with Tessell on Google Cloud Platform as Its Digital Backbone for Smart Metering Applications

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., June 18, 2025 (GLOBE NEWSWIRE) —  Landis+Gyr, a leading global provider of integrated energy management solutions, has successfully optimized its total cost of ownership (TCO) and scaled its operations by migrating mission-critical Oracle workloads to Google Cloud Platform (GCP) with Tessell as its digital backbone. The initiative has empowered Landis+Gyr to modernize its infrastructure, improve real-time data processing, and deliver more intelligent energy solutions to utility customers worldwide.

    Operating across more than 30 countries, Landis+Gyr manages millions of smart meters that help utilities optimize grid performance and improve energy efficiency. Facing a surge in global energy demand and a growing need for real-time grid intelligence, Landis+Gyr recognized the urgency to migrate from legacy, on-premises systems to a more scalable, cloud-native environment.

    However, the migration of complex Oracle workloads—particularly Oracle Head End System (HES) and Meter Data Management (MDM) applications—posed a significant challenge. These systems were running on a Windows-based infrastructure that incurred high licensing costs, performance bottlenecks, and limited scalability.

    The Tessell-GCP Advantage

    Partnering with Tessell, Landis+Gyr executed a cross-platform migration from Windows to Linux while transitioning to GCP’s flexible, high-performance cloud infrastructure. Tessell’s Database-as-a-Service (DBaaS) platform enabled seamless migration of Oracle workloads, delivering:

    • Real-time data ingestion with sub-second latency
    • Over 99.99% application availability
    • 50% reduction in infrastructure costs
    • 60% labor efficiency gains for database administrators
    • Compliance with data residency regulations across regions

    “Tessell’s ability to execute complex Oracle migrations with precision allowed us to unlock significant operational and financial value,” said Martti Kontula, Head of OT & Data at Landis+Gyr. “Our smart metering applications now run with greater agility, enabling us to deliver better insights and services to our customers while setting the foundation for long-term growth.”

    Proof-of-Concept Validates Business Impact

    Before full implementation, Tessell executed a proof-of-concept (PoC) on GCP that validated the benefits of moving to a Linux-based system. The PoC confirmed that Landis+Gyr could meet demanding performance benchmarks including real-time smart meter data ingestion, system uptime, and throughput at scale.

    Transformative Outcomes

    • Increased scalability: GCP’s elastic infrastructure now supports the ingestion and processing of data from millions of smart meters, ensuring responsiveness during peak load times.
    • Reduced licensing and support costs: Transitioning from Windows to Linux eliminated unnecessary licensing fees and reduced maintenance overhead.
    • Streamlined operations: Automation of patching, updates, and lifecycle management freed up internal teams to focus on high-value innovation and analytics.
    • On-time data center exit: Landis+Gyr remains on track to fully decommission its legacy data centers, embracing a scalable cloud-first model.

    Landis+Gyr will continue working with Tessell to strengthen its high availability (HA) and disaster recovery (DR) capabilities, including:

    • Multi-zone, multi-region HA architecture on GCP
    • Automated cross-region DR with minimal data loss
    • Industry-compliant business continuity planning

    “With Tessell’s robust cloud platform and GCP’s global scale, Landis+Gyr is well-positioned to meet the rising demands of the energy sector while supporting its mission of creating a more sustainable and intelligent energy future,” said Bakul Banthia, Co-Founder of Tessell.

    For more information about Tessell and its DBaaS solutions, visit https://www.tessell.com/.

    About Tessell
    Tessell is a multi-cloud DBaaS platform redefining enterprise data management with its comprehensive suite of AI-powered database services. By unifying operational and analytical data within a seamless data ecosystem, Tessell enables enterprises to modernize databases, optimize cloud economics, and drive intelligent decision-making at scale. Through AI and Conversational Data Management (CoDaM), Tessell makes data more accessible, interactive, and intuitive, empowering businesses to harness their data’s full potential easily.

    About Landis+Gyr
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  • MIL-OSI USA: Crapo, Wyden, Risch, Merkley Celebrate Senate Passage of Secure Rural Schools Reauthorization

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo

    Washington, D.C.–U.S. Senators Mike Crapo (R-Idaho), Ron Wyden (D-Oregon), Jim Risch (R-Idaho) and Jeff Merkley (D-Oregon) celebrated the Senate’s unanimous passage of their legislation, S. 356, to reauthorize the U.S. Forest Service’s Secure Rural Schools and Self-Determination Program (SRS) through Fiscal Year 2026.

    “In many rural counties in Idaho, the loss of resource revenue sharing from vast tracts of federally owned land inhibit counties’ ability to support local schools or even fund basic emergency services–including search and rescue,” said Crapo.  “The Senate’s unanimous passage of legislation to reauthorize the Secure Rural Schools program is a critical first step in meeting the federal government’s responsibility to rural communities containing tax-exempt public lands.  Without SRS, many counties in Idaho and across the country will fall short of the financial means to provide for these integral community functions for local residents and visitors alike.  I urge the U.S. House of Representatives to move expeditiously on this legislation.”

    “This is a significant, encouraging and urgently needed step for Oregonians living and working in counties that have depended for decades on these federal investments for local schools, roads, law enforcement and more,” said Wyden, who co-authored the initial bipartisan SRS legislation in 2000.  “I’m glad the Senate has once again done the right thing by passing this bill in a timely fashion, and I strongly urge the House to act ASAP to reconnect this proven lifeline for rural communities in Oregon and nationwide.”

    “Idaho counties rely on SRS funding for schools, road maintenance, and other essential services. Until we can bring historic timber revenue back to these areas, this program must be reauthorized,” said Risch. “The federal government made a promise to rural communities, and I’m proud to see the Senate follow through.”

    “Our bipartisan bill provides reliable funding that is crucial to keeping schools and libraries open, maintaining roads, restoring watersheds, and ensuring there are police officers and firefighters to keep rural?communities safe,” said Merkley.  “Congress must swiftly pass this bill to extend the SRS program so Oregon communities can maintain access to these important lifelines and resources.” 

    The Senate’s additional co-sponsors of the measure include Senators Dan Sullivan (R-Alaska), Jacky Rosen (D-Nevada), Shelley Moore Capito (R-West Virginia), Jeanne Shaheen (D-New Hampshire), Steve Daines (R-Montana), Mark Kelly (D-Arizona), Josh Hawley (R-Missouri), Maggie Hassan (D-New Hampshire), John Curtis (R-Utah), Patty Murray (D-Washington), Rick Scott (R-Florida), Amy Klobuchar (D-Minnesota), Tim Sheehy (R-Montana), Michael Bennet (D-Colorado), Lisa Murkowski (R-Alaska), Jim Justice (R-West Virginia), Catherine Cortez Masto (D-Nevada), John Hickenlooper (D-Colorado) and Adam Schiff (D-California).

    Crapo, Wyden, Risch and Merkley introduced the legislation in the 118th Congress, and the Senate unanimously passed it in November 2024.  It did not receive a vote in the U.S. House of Representatives before the end of the Congress.  The program needs to be reauthorized as soon as possible to avoid a gap in funding for rural counties that rely on the program for much-needed services.

    MIL OSI USA News

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

    Source: IMF – News in Russian

    June 18, 2025

    • Growth decelerated in 2024 but is expected to rise to 1.6 percent in 2025 and 2.2 percent in 2026, while inflation is projected to decline to the Central Bank of Iceland’s 2.5 percent target in the second half of 2026. The direct impact of escalating global trade tensions is projected to be limited.
    • The authorities’ plans to turn the fiscal deficit in 2024 into a surplus by 2028 are appropriate given the need to rebuild buffers; details on the planned fiscal measures to achieve these targets have enhanced the credibility of the consolidation. Monetary policy is suitably tight given still elevated inflation, but the monetary stance should be reduced as inflation declines. Efforts to raise foreign exchange reserve coverage are welcome.
    • Investments in physical and human capital, alongside continued efforts to promote innovation and reduce skills mismatches are needed to support medium-term growth. Taxation can play a supportive role in reducing housing market imbalances.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the Article IV Consultation for Iceland.[1] The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    The economy decelerated in 2024 to 0.5 percent due largely to weak exports from a disappointing fishing season and constraints on energy supply that curtailed aluminum production. Growth is expected to rebound to 1.6 percent in 2025 and 2.2 percent in 2026, driven by a recovery in exports, higher real wages, and continued monetary easing that more than offsets the impact of a moderately contractionary fiscal impulse. The impact of escalating global trade tensions is projected to be limited given that most goods exports are destined for Europe. Inflation is expected to gradually decline to the Central Bank of Iceland’s 2.5 percent target in the second half of 2026. Medium-term prospects are favorable, with continued diversification of the economy toward higher value-added export-oriented sectors anticipated to bolster productivity growth and inflows of foreign labor expected to support a modest increase in employment growth.

    Risks to growth are tilted to the downside while risks to inflation are broadly balanced. In particular, the impact of rising global trade tensions could be larger than anticipated if tariffs are extended to currently exempted items (e.g., pharmaceuticals) or if a reduction in travel to and from the US negatively affects tourism. Inflation could increase if trade tensions trigger supply disruptions or capital outflows, if a premature loosening of monetary policy further de-anchors inflation expectations, or as result of second-round effects from higher wage growth. Conversely, capital inflows could result in an appreciation of the exchange rate that would weaken competitiveness and put downward pressure on inflation.

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They welcomed the prudent macroeconomic policies, which have helped to reduce imbalances. While noting that medium‑term growth prospects are favorable, Directors observed that risks are tilted to the downside, notably from rising trade tensions. They emphasized the need to ensure macroeconomic stability and gradually rebuild fiscal buffers, while supporting stronger growth and reducing vulnerability to shocks.

    Directors welcomed the ambitious fiscal targets and the improved transparency and credibility around the planned consolidation. They highlighted that increased infrastructure spending would help to close gaps in transport and energy and bolster growth prospects. Directors saw merit in implementing additional measures, if necessary, to achieve fiscal objectives. Noting the need to reduce procyclicality in fiscal policy, Directors supported the planned activation of revised fiscal rules in 2026. They also recommended measures to strengthen the Fiscal Council and increase the coverage and frequency of fiscal data. 

    Directors noted that price pressures remain elevated and agreed that tight monetary policy remained appropriate. They encouraged the Central Bank of Iceland (CBI) to gradually loosen the policy stance as inflation declines towards target and expectations become reanchored. Directors saw merit in transitioning to a more forecast‑based inflation targeting framework as uncertainty declines. Noting the importance of increasing reserves to more prudent levels, Directors welcomed the CBI’s decision to commence regular purchases of foreign exchange.  

    Directors welcomed that systemic risks in the financial sector are contained. They highlighted the need to remain vigilant to potential vulnerabilities in the housing market and the corporate sector, and to continue strengthening operational resilience. Directors saw scope to ease macroprudential policies should systemic risks recede as anticipated. While welcoming the progress on implementing FSAP recommendations, Directors urged further efforts to enhance pension fund governance, strengthen AML/CFT supervision of banks, and safeguard the independence and effectiveness of the CBI’s supervisory activities. 

    Directors emphasized the importance of reforms to bolster productivity and diversify the economy, including by improving infrastructure and supporting innovation. Important measures include reducing skill mismatches, maximizing the efficiency of R&D incentives, and promoting AI while mitigating related risks. Directors welcomed plans to increase housing supply and improve housing affordability. 

    It is expected that the next Article IV consultation with Iceland will be held on the standard 12‑month cycle. 

    Table 1. Iceland: Selected Economic Indicators, 2024–30

     

    2024

    2025

    2026

    2027

    2028

    2029

    2030

       

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

    Proj.

     

    (Percentage change unless otherwise indicated)

    National Accounts (constant prices)

                 

    Gross domestic product

    0.5

    1.6

    2.2

    2.4

    2.4

    2.4

    2.4

    Total domestic demand

    2.3

    1.5

    0.6

    2.2

    2.4

    2.4

    2.3

    Private consumption

    0.6

    2.2

    2.4

    2.5

    2.6

    2.6

    2.6

    Public consumption

    2.5

    1.5

    1.3

    1.0

    1.0

    1.0

    1.0

    Gross fixed investment

    7.5

    4.1

    -3.2

    2.8

    3.2

    3.2

    3.2

    Net exports (contribution to growth)

    -1.8

    -0.3

    1.6

    0.3

    0.1

    0.0

    0.2

    Exports of goods and services

    -1.2

    3.3

    3.0

    3.3

    3.1

    3.0

    3.2

    Imports of goods and services

    2.7

    3.9

    -0.7

    2.7

    2.9

    2.9

    2.9

    Output gap (percent of potential output)

    1.0

    0.2

    0.0

    0.0

    0.0

    0.0

    0.0

                   

    Selected Indicators

                 

    Unemployment rate (percent of labor force)

    3.4

    3.9

    4.0

    4.0

    4.0

    4.0

    4.0

    Employment

    4.1

    0.4

    0.9

    1.1

    1.1

    1.1

    1.1

    Labor productivity

    -3.3

    1.2

    1.3

    1.3

    1.3

    1.3

    1.3

    Real wages

    0.5

    1.4

    1.3

    1.3

    1.3

    1.3

    1.3

    Nominal wages

    6.4

    4.9

    4.4

    3.8

    3.8

    3.9

    3.8

    Consumer price index (average)

    5.9

    3.5

    3.0

    2.5

    2.5

    2.5

    2.5

    Consumer price index (end period)

    4.7

    3.6

    2.5

    2.5

    2.5

    2.5

    2.5

    ISK/€ (average)

    164

     

     

    Money and Credit (end period)

                 

    Credit to nonfinancial private sector

    8.1

    5.6

    5.6

    5.6

    5.6

    5.6

    5.7

    Central bank 7 day term deposit rate 1/

    8.50

    7.50

     

    (Percent of GDP unless otherwise indicated)

    General Government Finances 2/

    Revenue

    42.8

    43.2

    42.4

    42.4

    42.4

    42.5

    42.6

    Expenditure

    46.3

    44.5

    43.2

    42.9

    42.8

    42.7

    42.7

    Overall balance 3/

    -3.5

    -1.3

    -0.7

    -0.5

    -0.3

    -0.2

    -0.1

    Cyclically-adjusted primary balance

    -1.5

    0.7

    0.9

    1.2

    1.4

    1.6

    1.7

    Structural primary balance 4/

    0.7

    1.1

    1.1

    1.3

    1.4

    1.6

    1.7

    Gross debt

    59.1

    47.7

    45.4

    43.6

    41.7

    39.9

    38.1

                   

    Balance of Payments

                 

    Current account balance

    -2.5

    -2.6

    -0.5

    0.0

    0.4

    0.7

    1.0

    Gross external debt

    67.0

    65.4

    61.6

    58.5

    55.4

    52.4

    49.5

    Sources: Central Bank of Iceland; Ministry of Finance; Statistics Iceland; and IMF staff projections.

    1/ For 2025, policy rate as of May.

    2/ In April 2025, an agreement was reached on the settlement of remaining outstanding liabilities in the IL Fund (HFF).

    3/ For 2024, the deficit now includes 1.2 percent of GDP in costs related to the purchase of houses in Grindavík that in the 2024 Article IV were classified below the line due to uncertainty about the correct statistical treatment.

    4/ Cyclically-adjusted primary balance excluding one offs.

    [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/iceland page.

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

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Boris Balabanov

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

    https://www.imf.org/en/News/Articles/2025/06/18/pr-25201-iceland-imf-executive-board-concludes-2025-article-iv-consultation

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Russia: The Gambia: IMF Executive Board Approves Resilience and Sustainability Facility Arrangement and Completes the Third Review Under the Extended Credit Facility Arrangement

    Source: IMF – News in Russian

    June 18, 2025

    • The IMF Executive Board approved a new 18-month arrangement under the Resilience and Sustainability Facility (RSF) for The Gambia for an amount equivalent to about US$63.55 million, to help the authorities improve macroeconomic resilience and build policy buffers against climate shocks. The Executive Board also completed the third review under the existing Extended Credit Facility (ECF) arrangement, enabling immediate disbursement of about US$16.95 million.
    • Despite substantial downside risks, The Gambia’s economic outlook remains positive, with growth expected to reach 5.7 percent in 2025 and inflation returning to single digits.
    • The Gambia has made good progress in implementing their economic reform program despite fiscal policy challenges. Key priorities include increasing domestic revenue and advancing with fiscal consolidation to safeguard debt sustainability while strengthening social and spending.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) has approved an 18-month arrangement under the Resilience and Sustainability Facility (RSF) for The Gambia in the amount of SDR 46.65 million (about US$63.55 million), with disbursements to begin when the first review of the arrangement is completed. The RSF arrangement will help the authorities tackle challenges posed by climate change and reinforce the country’s long-term resilience by strengthening the legal framework and institutional environment, green public finance management, climate data and transition taxonomy, adaptation and resilience, and the energy transition.

    The Executive Board also completed the third review of The Gambia’s Extended Credit Facility (ECF) arrangement, approved on January 12, 2024, supporting reforms to address long-standing structural impediments to inclusive growth. The completion of the review allows for the immediate disbursement of SDR 12.44 million (about US$16.95 million), bringing total disbursements under this arrangement to SDR 37.31 million (about US$50.82 million).

    The Gambia’s economic outlook remains positive, with real GDP estimated to expand by 5.7 percent in 2025, supported by continuous recovery in the tourism sector and good performance in the agricultural and construction sectors. Headline inflation has gradually declined, reaching 8.1 percent by end-April 2025. The outlook is subject to significant downside risks stemming from global uncertainty.

    While the authorities remain committed to the objectives set out in the ECF arrangement and revenue collection has been strong, unbudgeted spending pressures including from the National Water and Electricity Corporation (NAWEC) continue to weigh on fiscal balances. Going forward, steadfast implementation of the policy and reform agenda will be essential to safeguard macroeconomic gains and debt sustainability.

    The Executive Board approved the authorities’ request for waivers of nonobservance of the performance criterion on the end-June 2024 floor on the domestic primary balance and the end-December 2024 ceiling on net domestic borrowing, based on corrective actions taken.

    Following the Executive Board’s discussion, Deputy Managing Director Bo Li issued the following statement:

    “The Gambia’s economic momentum remains robust, with resilient growth and gradually declining inflation. Program implementation has been mixed, showing satisfactory adherence to quantitative performance criteria and indicative targets but delays in meeting structural benchmarks. The authorities have reiterated their commitment to their reform agenda despite ongoing global geopolitical uncertainties.

    “The authorities plan to offset the carryover of 2024 spending commitments and unbudgeted transfers by restraining non-priority spending in 2025. Adhering to the fiscal consolidation and fiscal targets for 2025 is vital for reducing fiscal risks and ensuring debt sustainability. Enhancing revenue collection to build additional fiscal buffers is also critical. Improving public financial management to prevent domestic arrears and better control multi-year commitments will support fiscal discipline and accountability. Furthermore, it is essential to limit fiscal risks from state-owned enterprises and public-private partnerships.

    “The Central Bank of The Gambia’s tight and data-dependent monetary policy is appropriate and should ensure that inflation converges to the medium-term target. The foreign exchange market is functioning smoothly following the new foreign exchange policy implementation, and it is crucial to maintain an exchange rate that reflects market forces. The central bank’s commitment to cease direct financial support to public entities is a welcome measure to protect its balance sheet. Strengthening its regulatory capacity and risk-based supervision is essential to preserve the financial sector’s stability.

    “Progress with structural reforms is necessary to enhance governance and improve the business environment, thereby promoting private sector development and job creation. Implementation of recommendations from the recent governance diagnostic and prompt appointment of an anti-corruption commission are essential. 

    “Steadfast implementation of the authorities’ climate agenda under the newly approved Resilience and Sustainability Facility (RSF) arrangement will complement the Extended Credit Facility in bolstering economic resilience and reducing balance of payment risks. The RSF is expected to foster tighter coordination among domestic stakeholders and development partners. It will be important to carefully sequence reforms under both arrangements, supported by targeted capacity development.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Kwabena Akuamoah-Boateng

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

    https://www.imf.org/en/News/Articles/2025/06/18/pr-25202-gambia-imf-apprv-resil-sustain-facil-arrange-completes-the-3rd-rev-under-ecf-arrange

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: Reps. Scholten, Bresnahan Introduce Bipartisan Bill to Make Routes to School Safer for Children

    Source: United States House of Representatives – Congresswoman Hillary Scholten – Michigan

    WASHINGTON, D.C. — Today, U.S. Representatives Hillary Scholten (D-MI-03) and Rob Bresnahan (R-PA-08), bipartisan members of the House Transportation and Infrastructure Committee, introduced the Kids on the Go Act that would make it safer and easier for children to walk and bike to school across the country. 

    “As the first mom to represent West Michigan, I know that no family should have to worry about their child’s safety on the way to school,” said Rep. Scholten. “That’s why I’m proud to partner with Rep. Bresnahan on this bipartisan effort. Keeping kids safe isn’t a partisan issue, it’s just the right thing to do. The Kids on the Go Act gives states the tools they need to keep kids safe while promoting healthy, active lifestyles for our children.”

    “The Safe Routes to School Program is a worthwhile approach to keeping our children and their communities safe,” said Rep. Bresnahan. “I’m proud to introduce the Kids on the Go Act with my colleague Rep. Scholten. This bipartisan legislation is an investment in the children of Northeastern Pennsylvania by incentivizing safe bike paths and walking routes to improve the safety of our neighborhoods.”

    The Kids on the Go Act strengthens the highly successful Safe Routes to School program by lowering the financial barriers for states to participate more fully in the program’s safety initiatives. Michigan and Pennsylvania are national leaders in the Safe Routes to School program, making this bill a direct investment in the safety and well-being of children in both representatives’ districts. The program has been proven to reduce traffic accidents involving children, increase physical activity, and improve neighborhood safety. By lowering the cost burden for states to employ program coordinators, the Kids on the Go Act ensures this program remains strong and expands to benefit more communities nationwide.

    “Safe Routes Partnership applauds the leadership of Representative Scholten in championing this important legislation,” said Marisa Jones, Managing Director of Safe Routes Partnership. “Michigan’s strong Safe Routes to School program–supported by a dedicated statewide coordinator–has been a model of success, helping reduce traffic injuries and fatalities while building stronger, connected communities where kids and people thrive. This bill would help other states follow Michigan’s lead, ensuring every child can walk and bike to school safely.”

    “When neighborhoods are safer and more walkable, people are more active–and that means a lower risk of heart disease and diabetes,” said Mark Schoeberl, Executive Vice President of Advocacy of the American Heart Association. “The Kids on the Go Act of 2025 would strengthen the Safe Routes to School program, helping families access safe, active ways to get to and from school. This proven initiative can reduce traffic crashes by up to 44% and returns $4.40 in health and safety benefits for every $1 invested. The American Heart Association applauds Reps. Scholten and Bresnahan for championing healthier, safer communities where everyone can live a longer, healthier life.” 

    “In Coopersville, we are seeing firsthand how Safe Routes to School funding from the Michigan Department of Transportation can transform our community. It strengthens collaborative relationships and connects neighborhoods, making it easier and safer for kids to walk and bike to school,” said Kate Terpstra, Marketing & Economic Development Administrator and Safe Routes Coordinator for the City of Coopersville. “Representative Scholten’s bill to expand Safe Routes to School nationwide is a smart investment in the health, safety, and well-being of our children. When it’s safe for children, it’s safe for everyone. We’re proud to support this effort and look forward to seeing even more communities benefit from this impactful program.”

    “With a dedicated statewide coordinator housed within the Michigan Department of Transportation, Michigan has built one of the strongest statewide Safe Routes to School programs in the country. Michigan has long recognized the value of investing in Safe Routes to School programs to improve health and safety benefits for children and families in communities statewide,” said Michigan Fitness Foundation. “We support Representative Scholten’s bill known as ‘Kids on the Go Act of 2025’ and remain available to share Michigan’s experience to help other states create safer, healthier environments for walking and biking.” 

    “At the League of Michigan Bicyclists, we’ve seen the powerful impact Safe Routes to School can have in communities across Michigan. These programs make it safer, easier, and more equitable for kids to walk and bike to school,” said Jeffrey Carek, Interim Executive Director, League of Michigan Bicyclists. “This bill reflects a forward-thinking approach that lowers barriers for states like Michigan to implement and expand Safe Routes to School. We support this legislation and are grateful to Rep. Scholten for recognizing the importance of this work to make safe, active transportation more accessible for families and leading the charge to strengthen it in Michigan.” 

    “Since 2012, the Crim Fitness Foundation has relied on generous, forward-thinking, and practical programs like Safe Routes to School to help rebuild Flint, Michigan’s neighborhoods in ways that support the safety and independence of children and their families. Our work in Flint has led to the creation of dedicated teams in a dozen schools—including neighborhood elementary schools, magnet schools, and our citywide high school. These teams are the driving force behind the progress we’ve made and continue to sustain it,” said Cade Surface, Director of Urban Strategies of the Crim Fitness Foundation. “Representative Scholten’s leadership in introducing this bill is a vital step forward in helping communities like Flint continue this important work and expand its impact across Michigan and the nation. We’re proud to support this effort and grateful for her commitment to building safer, healthier communities for all Michigan families.”

    The bill would reduce the non-federal cost share for states that hire a full-time Safe Routes to School coordinator from the current 20 percent down to just 5 percent. These coordinators play a critical role in developing and maintaining safe infrastructure, education programs, and community engagement efforts that protect children as they travel to and from school. States like Michigan and Pennsylvania, where dedicated coordinators are already in place, have seen firsthand how this investment leads to safer, healthier, and more connected communities. Coopersville, Michigan, has been a trailblazer in developing safe routes for children, and this bill will encourage other communities to make similar investments for the next generation. 

    The bill’s bipartisan support reflects a shared recognition of the importance of child safety and infrastructure investment that meets the needs of both urban and rural communities.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rep. Scholten Leads Bipartisan Effort to Make Roads Safer for Kids, Strengthen Rural Infrastructure, and Support American Industry

    Source: United States House of Representatives – Congresswoman Hillary Scholten – Michigan

    WASHINGTON, D.C. — As part of the surface transportation reauthorization process, U.S. Congresswoman Hillary Scholten (D-MI-03), a member of the House Transportation and Infrastructure Committee, introduced a package of bipartisan bills designed to make communities safer, grow local economies, and strengthen American manufacturing.

    “Infrastructure is about so much more than roads and bridges–it’s about the safety of our kids, the strength of our small towns, and the future of American industry,” said Rep. Scholten. “These bipartisan bills tackle these priorities head-on by making it safer for children to commute to school, ensuring rural communities get the resources they need to grow, and keeping taxpayer dollars invested in American manufacturing.”

    Rep. Scholten and Rep. Tony Wied introduced the bipartisan RURAL Growth Act (R-WI-08), to ensure that rural towns and small communities are not left behind when federal infrastructure dollars are distributed. Too often, funding is absorbed by large cities when routed through state departments of transportation. This bill would reserve 30 percent of Rural Surface Transportation Grant funding specifically for communities with populations between 10,000 and 75,000–towns that are critical to America’s economy and culture but frequently do not receive their fair share in federal programs. This measure ensures places like those in Michigan, Wisconsin, and across the country get their fair share to improve roads, bridges, and other essential infrastructure.

    “Small towns in rural America have too often been overlooked when federal infrastructure dollars are distributed,” said Rep. Wied. “I am proud to stand with Congresswoman Scholten to ensure that we preserve federal dollars for communities with smaller populations. It should not matter if you live in a large city or a small town, everyone in the United States deserves to have access to safe and strong infrastructure.” 

    Rep. Scholten and Rep. Tom Barrett (R-MI-07)’s bipartisan Paving the Way for American Industry Act strengthens domestic manufacturing by requiring that pigments used in road markings qualify as “constructed materials” under the Build America, Buy America Act. Currently, 96 percent of the yellow pigment used on U.S. highways is imported from countries like China and India. By ensuring these materials are made in America, this bill keeps taxpayer dollars at home, supports domestic manufacturing, and protects good-paying jobs here in Michigan and across the country.

    “If we are serious about rebuilding America’s infrastructure, we need to start with rebuilding American manufacturing,” said Rep. Barrett. “This common-sense bill ensures that taxpayer dollars are reinvested in American jobs and not sent overseas. Introducing it today is a critical step toward strengthening our supply chains, supporting Michigan workers, and keeping our roads safe and clearly marked.”

    Earlier this week, Rep. Scholten introduced the bipartisan Kids on the Go Act, co-led with Rep. Rob Bresnahan (R-PA-08), to strengthen the popular Safe Routes to School program, which helps ensure that children can safely walk and bike to school. Michigan and Pennsylvania are national leaders in the Safe Routes to School program, making this bill a direct investment in the safety and well-being of children in both representatives’ districts. The bill will also make it possible for more states across the country to follow that lead.

    “The Safe Routes to School Program is a worthwhile approach to keeping our children and their communities safe,” said Rep. Bresnahan. “I’m proud to introduce the Kids on the Go Act with my colleague Rep. Scholten. This bipartisan legislation is an investment in the children of Northeastern Pennsylvania by incentivizing safe bike paths and walking routes to improve the safety of our neighborhoods.”

    ###

    MIL OSI USA News

  • MIL-OSI Russia: Moscow presents key city projects at SPIEF-2025 — Sergei Sobyanin

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The capital traditionally takes part in the St. Petersburg International Economic Forum (SPIEF) and presents key projects in the economy, transport, industry, construction, culture, social and other spheres. This was reported by Sergei Sobyanin in his telegram channel.

    “At the Moscow Government stand, visitors will be able to familiarize themselves with the key economic indicators of the capital. On interactive panels, they will be able to learn about the supplier portal, where entrepreneurs and organizations from 42 regions of the country work, as well as how Moscow companies increase labor productivity,” the Moscow Mayor noted.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    A separate space is dedicated Moscow metro, which turned 90 this year. The stand also features a model of the newest train, Moscow-2026.

    You can get to know the Moscow of the future thanks to VR walks in the urban development zone. Visitors can be the first to study the details of large-scale projects – the new Great Moscow Circus and the development Mnevnikovskaya floodplainHere they will also show how the metro is being built using a tunnel boring machine and what centers of economic activity will appear on the map of the capital.

    “Visitors will see how electric batteries for urban transport are created. Soon they will also be assembled at the Krasnaya Pakhra site in the Technopolis Moscow SEZ, where the first cluster for the production of batteries for electric transport in Russia is being formed,” added Sergei Sobyanin.

    In addition, they will be offered to go to the most high-tech sites of the capital. Thus, the shuttle of the future will “take” to the special economic zone “Technopolis Moscow”. And guests will also get acquainted with the technologies of the innovative elevator Karacharovsky mechanical plant.

    The stand will also tell about the largest resource center “Mosvolonter”, project “Youth of Moscow” and ways to support the capital’s non-profit organizations (NPOs).

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    In the section dedicated to the social sphere, you can see a unique installation of the new complex of the N.V. Sklifosovsky Research Institute of Emergency Care, as well as an interactive map with key objects of Moscow medicine. In addition, visitors will learn about the development of secondary vocational education first-hand – from students of the capital’s colleges.

    Forum guests are invited to the “Moscow” store, where goods produced in the capital are presented. There are also products from program participants there “Made in Moscow”.

    Everyone will be able to visit the VDNKh metaverse. This is a unique interactive educational project for a walk around the main exhibition of the country from any corner of Russia.

    The Moscow Culture block features the capital’s theaters, museums, parks, zoo, concert venues and events. Visitors will also be introduced toMoscow Film Cluster and the first in Russia Video Game and Animation Cluster.

    “This year, the Moscow stand is very large-scale, technologically advanced and clearly demonstrates the great teamwork of all industries for the benefit of the city and its residents. We still have many new heights ahead of us,” concluded the Mayor of Moscow.

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