Category: Finance

  • MIL-OSI: The Miller Group Awards Rudy R. Miller Business – Finance Scholarship to Two Arizona State University Seniors

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Ariz., Sept. 24, 2024 (GLOBE NEWSWIRE) — The Miller Group (TMG) announced it has awarded its 2024 Rudy R. Miller Business – Finance Scholarship (RRM Scholarship) to Arizona State University (ASU), W. P. Carey School of Business students Maxwell Fields and Ilya Illiashenko. Mr. Fields is pursuing a Bachelor of Science degree in Finance, a minor in Economics, and a Certificate in Applied Business Data Analytics. Mr. Illiashenko is pursuing Bachelor of Science degrees in Finance and Supply Chain Management.

    Mr. Fields has strong leadership skills and a passion for investment management. He co-founded and serves as vice president of the Financial Literacy and Market Economics Club at ASU. He is vice president of Sigma Nu, a leadership-focused non-profit fraternity and through multiple internships in the investment and financial industry, he gained valuable hands-on knowledge and he plans to enter the investment management sector upon graduation.

    Mr. Illiashenko serves as an associate for the Symposium Planning Committee for Scholars of Finance at ASU. His internships have included finance, investment, and real estate finance. At Teach for America, he led an SAT bootcamp for high school juniors from an underserved community achieving a 50% improvement in student engagement and a 30% increase in academic performance through data-driven strategies. Witnessing his mother’s lifelong dedication to reforming Ukraine’s healthcare system instilled a desire to address societal challenges and uplift communities. Mr. Illiashenko’s ultimate goal is to contribute to his home country of Ukraine’s development, fostering integrity, transparency, and a robust financial and healthcare landscape. He strives to bridge the gap between academic pursuits and real-world impact in Ukraine.

    Mr. Miller, Chairman, President and Chief Executive Officer of TMG and affiliated entities, stated, “Our firm had a difficult time selecting one scholarship recipient this year due to the exceptional quality of applicants. We decided to select two superb students as co-recipients for our 2024 award. These two applicants stood out to me not only for their academic achievements, but also for their efforts outside of the university. We are honored to assist both recipients financially and with future individual mentoring and guidance by me.”

    “Ilya Illiashenko and Maxwell Fields are excellent candidates for the Rudy R. Miller Business – Finance Scholarship. In addition to their outstanding academic records, both candidates are notable leaders in a number of campus and community-based initiatives. I want to thank Rudy Miller for his continued recognition and financial support of academically accomplished student leaders like Maxwell and Ilya” remarked Laura Lindsey, Department of Finance Chair and the Cutler Family Endowed Professor, W. P. Carey School of Business, Arizona State University.

    About Rudy R. Miller

    Mr. Rudy R. Miller, a former member of the U.S. Armed Forces, is an entrepreneur, philanthropist, and investor in numerous industries. Mr. Miller is Chairman, President, and CEO of Miller Capital Corporation, an affiliate of The Miller Group of entities; for more information, including Mr. Miller’s biography, visit www.themillergroup.net.

    Mr. Miller instituted the annual Rudy R. Miller Business – Finance Scholarship Program in 2008 to support Arizona State University, W. P. Carey School of Business. Since inception, Mr. Miller has issued three additional ASU scholarships, not included in the annual award process, totaling 23 ASU scholarships to date. Mr. Miller had the honor to serve as a member of ASU’s Dean’s Council of 100, a national group of prominent business executives invited by the Dean to play a leadership role in shaping the future of the W. P. Carey School of Business.

    In 2023, Mr. Miller was selected by Embry-Riddle Aeronautical University to join two influential advisory boards for both the College of Aviation and the College of Business, Security and Intelligence. In addition to joining the advisory boards at Embry-Riddle, he established scholarships for students at both colleges and set up a fund to support simulator training to improve commercial pilot safety, the Rudy R. Miller Instrument Safety Currency Program (ISCP).

    His philanthropic endeavors include support for the non-profit arts community, selective universities, athletic foundations, and veterans’ projects. He is a member-sponsor of the Army Historical Foundation and the National Museum of the U.S. Army located at Fort Belvoir, VA. He served as Chairman of the Advisory Board of Thunderbird Field II Veterans Memorial, Inc. (Tbird2), an organization that honors veterans, from 2018 until March 2024. Mr. Miller developed its aviation scholarship program and process in 2018 and served as the first Chairman of the Scholarship Committee until June 2023. Tbird2 offers scholarships at six colleges, for both veteran and non-veteran students, including two 4-year universities, Embry-Riddle Aeronautical University and Arizona State University, Ira A. Fulton Schools of Engineering.

    About The Miller Group

    MILLER, established in 1972 and headquartered in Scottsdale, Arizona, is comprised of several affiliated companies including Miller Capital Corporation, Miller Investments, Inc., and Miller Management Corporation. The Miller Group offers a broad range of services including venture capital and private equity investing, debt financing, financial advisory, and management consulting to public and private middle-market companies throughout North America, Europe, and Asia. A select group of current and past clients include: America West Airlines®, Bowlin Travel Centers, Inc.®, Capital Title Group, Inc., DELSTAR Companies, Inc., Legal Broadcast Network, LLC, Magma®, McMurry, Inc., Ritz Carlton Magazine®, Sequence Media Group, ServRx, Inc., Sunshine Minting, Inc.®, Telgian Holdings, Inc.®, and US Air Express.

    Official photographer for The Miller Group and its affiliated entities – Gordon Murray, 480 205-9691 (www.flashpv.com)

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13c9e3e2-5ff6-45f6-8737-2e053c545299

    The MIL Network

  • MIL-OSI: Solutions30 and Connected Kerb Partner to Accelerate Electric Vehicle Charging Network Deployment in the UK

    Source: GlobeNewswire (MIL-OSI)

    Solutions30, a leading provider of solutions for new digital technologies, and Connected Kerb, one of the largest UK’s public charging operators, announce a strategic partnership to deploy electric vehicle charging (EVC) network in the South East of United Kingdom.

    Through this multiyear, multimillion pound framework contract, Solutions30 is responsible for installing thousands of fast charging points (up to 22kW) across the region. The contract covers the survey and design works, the electrical installation of charging points and their connection to the grid, for both AC and DC charging points. It will make it possible to meet a wide range of charging needs for all vehicle types, and give access to charging at a competitive price for electric car drivers.

    By leveraging Solutions30’s expertise, the partnership aims to accelerate new charging point building, optimize investments, and speed up connection times. This will help local authorities meet their network roll-out targets, particularly in underserved areas. The collaboration addresses a critical need for an extensive public infrastructure in the UK, where almost half of all homes do not have a car park to install private chargers.

    David Tong, CEO at Solutions30 UK, commented on the partnership: “We are thrilled to join forces with Connected Kerb in this pivotal project. Our expertise in designing and delivering EVC infrastructure, combined with our power networks and grid connection capabilities, will be a decisive factor in enabling Connected Kerb to achieve its ambitious goals. On our side, this partnership aligns perfectly with our strategy to be at the forefront of delivering key technologies and services in the UK.”

    Chris Matthews Chief Delivery Officer at Connected Kerb UK adds: “Our partnership with Solutions30 marks a significant step in accelerating the rollout of a network of charging stations across the UK. Their comprehensive expertise aligns perfectly with our mission to make EVC available to all. Together, we’re helping to build a cleaner, more sustainable future of transportation, while addressing the specific requirements of the UK market.”

    About Solutions30 SE
    The Solutions30 group is the European leader in solutions for new technologies. Its mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike. Yesterday, it was computers and the Internet. Today, it’s digital technology. Tomorrow, it will be technologies that make the world even more interconnected in real time. With more than 50 million call-outs carried out since it was founded and a network of more than 15,000 local technicians, Solutions30 currently covers all of France, Italy, Germany, the Netherlands, Belgium, Luxembourg, the Iberian Peninsula, the United Kingdom, and Poland. The share capital of Solutions 30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised.

    Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes: CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.
    Visit our website for more information: https://solutions30.com/

    About Connected Kerb
    Connected Kerb is one of the UK’s leading electric vehicle charging companies, on a mission to change the world for good – one charger at a time.
    Its aim is to make EVC inclusive, convenient, and reliable for everyone. The company delivers on-street community EVC and works with local authorities to support residents that are unable to charge at home. Connected Kerb also installs future-proof EV charging infrastructure at workplaces, retail destinations, car parks, commercial real-estate, and for residential developers.

    As smart cities of the future develop, Connected Kerb’s charge points support Internet of Things (IoT) and other future technologies designed to have a positive impact on people and the planet. The company is committed to the future of sustainable mobility and aims to ensure that no one in the UK lives further than a five-minute walk from a charger.

    Contact

    Individual Shareholders:
    Tel: +33 1 86 86 00 63 – shareholders@solutions30.com

    Investor relations : investor.relations@solutions30.com

    Press – Image 7:
    Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    Attachment

    The MIL Network

  • MIL-OSI Economics: Regional Symposium and Policy Dialogue on Transforming Education

    Source: Caribbean Development Bank

    The Regional Symposium and Policy Dialogue on Transforming Education will take place from 2-4 October 2024 at the Ritz-Carlton Hotel, Cayman Islands.

    Hosted by the Caribbean Development Bank (CDB) in collaboration with the Caribbean Community (CARICOM), the Organisation of Eastern Caribbean States (OECS) Commission, UNESCO, and UNICEF, this event will bring together over 150 regional leaders, educators, and policymakers for thought-provoking discussions, expert presentations, and collaborative sessions aimed at addressing the most pressing challenges facing the Caribbean education sector.

    Held under the theme “Understanding, Leveraging, and Unlocking Our Full Potential”, the symposium will focus on leadership transformation, revamping teaching and learning methods, and expanding access to quality education. Key areas of focus are:

    1. Inclusive, equitable, safe, and healthy schools
    2. Learning and skills for life, work, and sustainable development
    3. Teachers and the teaching profession
    4. Digital learning and transformation
    5. Financing education

    The agenda will explore decolonising education, AI in education, building a culture of social and emotional learning, and the role of education in creating healthier societies, as well as other pressing issues impacting regional education systems.

    Regional leaders will use these discussions to develop the Agenda for Action, a consensus-driven roadmap for transforming education across the Caribbean.

    MIL OSI Economics

  • MIL-OSI Security: Former Emergency Physician Pleads Guilty to Possessing Child Pornography

    Source: Federal Bureau of Investigation (FBI) State Crime News

    COLUMBUS, Ohio – A former medical director at an Ohio health care system pleaded guilty in U.S. District Court today to possessing child pornography.

    Garrett Norvell, 44, of Westerville, was charged by a bill of information and appeared in federal court this morning to enter his guilty plea.

    According to court documents, in June 2020, Homeland Security Investigations (HSI) conducted an international investigation targeting offenders who used dark web sites and forums dedicated to the sexual abuse and exploitation of children.

    HSI Boston and the FBI obtained information from Norvell’s IP address that showed that, in April 2019, Norvell had an account username and password for a website that offered child pornography of girls 4 to 14 years old.

    At the time of the investigation, Norvell served as the medical director of OhioHealth in Ashland, Ohio. He previously worked as an emergency medicine physician at OhioHealth.

    In February 2022, agents with HSI and the Franklin County Internet Crimes Against Children (ICAC) Task Force executed a search warrant on Norvell’s person at the Emergency Care Center at OhioHealth in Ashland and seized his phone, laptop, tablet and a thumb drive. Less than a week later, Norvell was removed from all OhioHealth services and facilities and a State Medical Board of Ohio investigation was initiated. In March 2022, Norvell permanently surrendered his license to practice medicine in Ohio.

    Forensic analysis of Norvell’s electronics revealed at least 18 files of child pornography, including “Pre-Teen Hard Core” content.

    Norvell admitted had an addiction to child pornography and had been watching child pornography since he was approximately 21 years old. He said in interviews that the youngest victim he had viewed in a pornographic setting was an infant.

    Norvell pleaded guilty to one count of possessing child pornography of prepubescent minors, a federal crime punishable by up to 20 years in prison.

    Congress sets the maximum statutory sentences, and sentencing of the defendant will be determined by the Court based on the advisory sentencing guidelines and other statutory factors at a future hearing.

    Kenneth L. Parker, United States Attorney for the Southern District of Ohio; Angie Salazar, Special Agent in Charge of HSI Detroit; Elena Iatarola, Special Agent in Charge of FBI Cincinnati; Franklin County Sheriff Dallas Baldwin; Stephanie Loucka, Executive Director of the Ohio State Medical Board; and other members of the Franklin County ICAC Task Force announced the guilty plea entered today before U.S. District Edmund A. Sargus, Jr. Assistant United States Attorney Emily Czerniejewski and Senior Litigation Counsel Heather A. Hill are representing the United States in this case.

    # # #

    MIL Security OSI

  • MIL-OSI USA: Rosen, Cortez Masto Announce Nearly A Million Dollars in Federal Funding for Nevada Law Enforcement

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)
    This Funding Will Be Used By Law Enforcement Agencies To Hire More Officers, Purchase Essential Equipment, And Invest In Officer Mental Health
    WASHINGTON, D.C. – U.S. Senators Jacky Rosen (D-NV) and Catherine Cortez Masto (D-NV) announced nearly one million dollars in federal funding for law enforcement agencies across Nevada to help them hire more officers, purchase essential equipment, and invest in officer mental health. The funding for these awards is made through the Department of Justice’s Office of Community Oriented Policing Services (COPS) Hiring Program, Tribal Resources Grant Program, and Law Enforcement Mental Health and Wellness Act (LEMHWA), all of which offer various grant programs to support state, local, and Tribal law enforcement agencies. Earlier this year, Rosen-backed bipartisan legislation to expand the COPS Hiring Program was signed into law.
    “Nevada law enforcement works around the clock to fight crime, respond to emergencies, and keep our communities safe. That’s why I’ve been working across the aisle in the Senate to support them with the federal resources they need to do their jobs effectively and maintain their well-being,” said Senator Rosen. “I’m proud to announce this federal funding is coming to law enforcement agencies across our state to help hire more officers, purchase equipment, and improve officer mental health and wellness.”
    “From hiring more police officers and purchasing new equipment to funding mental health programs, I’ll always fight to support our law enforcement,” said Senator Cortez Masto. “The COPS Office has a long history of helping keep our communities safe, and I’m proud of my work to bring as many of these resources as possible into the Silver State.”
    “I would like to thank Senator Rosen and our entire congressional delegation for their continued support in protecting the citizens and businesses of Sparks,” said Sparks Police Chief Chris Crawford. “This will allow the Sparks Police Department to build a team of officers to improve upon our crime reduction strategies.”
    “This grant will enhance the City’s ongoing commitment to providing vital mental health and wellness services to the men and women of the Henderson Police Department. We are grateful to Senator Rosen and the other members of Nevada’s congressional delegation for their support of our grant application and for this funding which will be used to assist officers and their families as they approach retirement and prepare to successfully transition from their law enforcement careers,” said Henderson Mayor Michelle Romero. “Studies have shown that police officers may be at a greater risk of experiencing challenges related to their mental well-being as they get ready to retire and this grant will help ensure we are offering those who serve and protect our community the full assistance they and their families need.”
    “The Lovelock Paiute Tribal Police Department is excited to announce that we have been selected and awarded the US DOJ COPS grant,” said Lovelock Colony Chief of Police Jeff G. Perry. “With the collaborative effort of our Tribal Police Department, Lovelock Paiute Tribal Council, Tribal Administrator, the grant award will be utilized to sufficiently staff 24-hour service to the Lovelock Indian Colony. This will increase safety efforts along with our proposed Lovelock Indian Colony Camera Program (LICCP). Our camera program will significantly reduce criminal activity and trespassing on the colony along with better staffing support towards future community policing services. These interactions will be positive and proactive in ways that build trust and cooperation among the residents and all who visit the Lovelock Indian Colony. Our proposal is to re-establish all components of the neighborhood watch program. Officers will again utilize teams, zones, area captains and area officers. In addition, this program will help to reduce the non-tribal criminal activity on the colony. Without this funding, we could not have achieved to operate at this capacity and continue our community-oriented policing efforts to greatly reduce criminal activity.”
    The awards are being distributed as follows:
    $500,000 from the COPS Hiring Program for the Sparks Police Department to hire more officers.
    $353,063 from the Tribal Resources Grant Program for the Lovelock Paiute Tribe to hire officers and invest in equipment.
    $43,308 from the LEMHWA Program for the City of Henderson’s mental health and wellness projects for law enforcement officers.
    Senators Rosen and Cortez Masto have been advocating to ensure Nevada’s law enforcement community has the resources it needs. Last year, they announced more than $1 million in COPS funding for Nevada law enforcement and public safety. Last month, they also highlighted nearly $1 million in federal community project funding they secured to provide mental health training and support to thousands of firefighters, law enforcement officers, and first responders. Earlier this month, bipartisan legislation that Senator Rosen co-sponsored to fund family support and mental health services for law enforcement officers passed the Senate. Senator Cortez Masto’s bipartisan bills to combat the crisis of law enforcement suicide and provide mental health resources to police officers have been signed into law by presidents of both parties.

    MIL OSI USA News

  • MIL-OSI Canada: Economic growth during uncertain times

    Source: Bank of Canada

    Good afternoon. I want to thank the Institute of International Finance and the Canadian Bankers Association for inviting me to take part in your 2024 Forum.

    Your focus on growth during uncertainty is timely. Uncertainty feels like the new reality: The uncertainty caused by war in Europe and in the Middle East. The uncertainties arising from geopolitical tensions and economic fragmentation. And the related uncertainties about supply chains, trading relationships and global investment risks.

    Rapid advances in new technologies, particularly artificial intelligence (AI) and its new offspring, Generative-AI, are disrupting business models and creating new uncertainties for firms and workers.

    Uncertainty surrounds the impacts of climate change and the policy frameworks to adapt to and mitigate it.

    There is political uncertainty. And fiscal uncertainty.

    As your theme implies, uncertainty and economic growth do not sit well together: uncertainty impedes growth.

    But with inspired policy, good business decisions and sound risk management, we can manage uncertainty and reduce its impact on households, businesses and growth. We have recent historical evidence.

    Sixteen years ago this month, Lehman Brothers failed, and the financial system froze because nobody knew which banks were safe. Today, the global financial system is much safer thanks to the implementation of sweeping global reforms to increase capital and liquidity buffers, and reduce leverage.

    With the rapid development of new vaccines and with exceptional fiscal and monetary policies, uncertainty about our health and the health of our economies has decreased dramatically since the depths of the COVID-19 pandemic.

    Thanks to decisive monetary policy action and the unblocking of supply chains, uncertainty about costs and inflation are much lower today than two years ago, when inflation peaked above 8% in Canada and was even higher in many other countries.

    In the past few weeks, I have given speeches on the shifting global trade landscape and the economic implications and risks of rapid advances in artificial intelligence. These are two key areas where we can reduce uncertainty through good policy and far-sighted business leadership.

    At the same time, we need to recognize that new uncertainties are a new reality, and we must be ready for the inevitable shocks in a more turbulent world. That puts a priority on risk management and investments in resilience.

    A key function of financial institutions is to help households and businesses manage the risks they face. Financial institutions also have a responsibility to manage their own risks prudently so that they do not themselves become a source of uncertainty and instability.

    As Canada’s central bank, we have a role to play in mitigating and managing risks and uncertainty. Our primary mandate is price stability—in other words, low, stable and predictable inflation. We also have mandates to foster a stable financial system and ensure safe and efficient payments.

    Let me say a few words on financial stability and payments. And then I’ll finish with some thoughts on monetary policy.

    Our financial stability focus is on risks that could lead to system-wide stress. And we publish these findings in our annual Financial Stability Report (FSR).

    In our most recent FSR, published in May, we reported that Canadian mortgage holders had experienced a modest increase in levels of financial stress. Since then, we’ve observed that arrears on mortgages have continued to rise, although they remain below pre-pandemic levels. It also appears that these households have not leaned on revolving credit products such as lines of credit and credit cards to a greater degree than before the pandemic.

    But there is a notable increase in financial stress among borrowers without a mortgage, mainly renters. During the pandemic, for most credit products, the share of these borrowers missing payments reached historical lows. However, we’re now seeing a larger share of these borrowers lagging behind on credit card and auto loan payments. Over the past year the share of borrowers without a mortgage who carry a credit card balance of at least 90% of their credit limit has continued to climb. And this share is now above typical historical levels. This is concerning.

    Our responsibilities related to payments require us to adapt to increasing digitalization. Innovation in payments continues to accelerate.

    In 2021, the Bank assumed a new mandate for the supervision of retail payment service providers. Starting November 1st of this year, more than 3,000 service providers will need to register with the Bank and follow new rules aimed at safeguarding consumers and protecting the integrity of retail payments.  

    We are also looking at the bigger picture of payment innovation, both in Canada and around the world. As part of this work, in the past few years we’ve built an extensive body of knowledge about the framework and technology behind a possible central bank digital currency (CBDC), including the benefits and risks.

    But recognizing that there is not currently a compelling case to move forward with a CBDC in Canada, the Bank is scaling down its work on a retail central bank digital currency and shifting its focus to broader payments system research and policy development. The Bank will continue to monitor global retail CBDC developments. And the Bank will be ready to ensure Canadians always have a safe and secure supply of public money.

    Now, let me circle back to monetary policy.

    In June, we began lowering our policy interest rate. We cut the policy rate at our last three decisions, for a cumulative decline of 75 basis points to 4.25%.

    Our most recent decision on September 4th reflected two main considerations.

    First, we noted that headline and core inflation had continued to ease as expected. Second, we said that as inflation gets closer to target, we want to see economic growth pick up to absorb the slack in the economy.

    Since then, we’ve been pleased to see inflation come all the way back to the 2% target. It has been a long journey. Now we want to keep inflation close to the centre of the 1%–3% inflation-control band. We need to stick the landing.

    What does this mean for interest rates? With the continued progress we’ve seen on inflation, it is reasonable to expect further cuts in our policy rate. The timing and pace will be determined by incoming data and our assessment of what those data mean for future inflation.

    As always, we try to be as clear as we can about what we are watching as we chart the course for monetary policy.

    Economic growth picked up in the first half of this year, and we want to see it strengthen further so that inflation stays close to the 2% target. Some recent indicators suggest growth may not be as strong as we expected. We will be closely watching consumer spending, as well as business hiring and investment.

    We will also be looking for continued easing in core inflation, which is still a little above 2%. Shelter cost inflation remains elevated but has started to come down, and we are looking for it to moderate further.

    Our next decision is October 23rd. And we will have a revised economic outlook at that time.

    With those introductory thoughts, let’s get the discussion started.

    I would like to thank Russell Barnett, Claudia Godbout and Brian Peterson for their help in preparing these remarks.

    MIL OSI Canada News

  • MIL-OSI USA: Rep. Chu, Sen. Wyden Introduce Bill to Boost Access to Capital for Businesses Owned by Women and People of Color

    Source: United States House of Representatives – Representative Judy Chu (CA2-27)

    WASHINGTON, D.C. — Rep. Judy Chu (CA-28) and Senate Finance Committee Chair Sen. Ron Wyden (OR) today introduced the bicameral Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success Act (PROGRESS Act) to improve access to capital for small businesses owned by women and people of color.

    “The Biden-Harris Administration has overseen a boom in small business growth. But for many small businesses, particularly those owned by enterprising women and people of color without long-term relationships with financial institutions, securing access to capital remains far too tough, which hurts their ability to grow,” said Rep. Chu, who serves on both the House Ways and Means Committee and House Small Business Committee. “Sen. Wyden and I are introducing the PROGRESS Act to create first employee and investor tax credits so we can level the playing field for women-owned and minority-owned small businesses and unlock their full growth potential.”

    “Women business owners, particularly women of color, are underestimated, underrepresented and undercapitalized,” said Sen. Wyden. “Nobody can question the entrepreneurial spirit of women small business owners in America, but tax laws on the books today aren’t doing nearly enough to support them compared to others. Everybody wins when more small business owners have a chance to get ahead and grow, and that’s what this bill is all about.” 

    On average, white business owners start with nearly three times the working capital of black-owned businesses. Male entrepreneurs, on average, start with nearly twice as much capital as female entrepreneurs. The numbers are even more stark when considering only third-party capital. In 2023, only 2.2 percent of venture capital funding went to companies founded solely by women. This disparity is acutely felt by women of color who now account for 50 percent of all women-owned firms, yet received less than one percent of venture capital funding over the past decade. Owners of small businesses that lack employees are more diverse than employer firms. More than one-third of non-employer businesses are owned by people of color and more than four in ten are owned by women. Unfortunately, these businesses struggle to grow and face endemic barriers to accessing funding.

    Because of their size, their industry, or the way they are organized, many women-owned businesses can’t take advantage of tax benefits designed for small businesses. This lack of capital has limited the ability of these entrepreneurs to grow their businesses.

    The PROGRESS Act creates two new tax incentives to unlock the growth potential of these businesses:

    First Employee Credit:
    A new first employee credit will stimulate business growth and job creation.

    • A credit equal to 25 percent of W-2 wages reported can be claimed annually, up to $10,000 in a single tax year, with a lifetime limit of $40,000.
    • Because many businesses do not turn a profit in their early years, the first employee credit is creditable against the business’ payroll tax liability.
    • Certain businesses that have not reported full-time equivalent W-2 wages in a previous year are eligible for the credit.
    • Eligible businesses must be majority owned by U.S. individual(s) that each earn $100,000 or less per year ($200,000 in the case of joint filers).

    Investor Credit:
    A new investment credit will encourage third-party capital investment and allow small businesses to grow and thrive. 

    • A credit of up to 50 percent of a qualified debt or equity investment can be claimed, up to $10,000 in a single tax year, with a lifetime limit of $50,000.
    • Investors that fund certain businesses can use the credit to boost their rate of return.
    • Eligible businesses must have at least one full-time equivalent employee and be majority owned by U.S. individual(s) that each earn $100,000 or less per year ($200,000 in the case of joint filers).

    Click here for a one-page summary of the bill is available.

    Click here for a detailed bill summary.

    Click here for the full bill text.

    “We support the creation of tax incentives designed to boost the potential of all small businesses, but we’re particularly encouraged to see legislation that would help support historically underserved businesses—those owned by women and minorities,” said John Arensmeyer, Founder and CEO of Small Business Majority. “Our research consistently finds that many types of small businesses struggle to access the capital they need to grow, but small firms owned by women and minorities are most likely to experience funding challenges. Policies like the tax credits proposed by Senator Wyden and Representative Chu are critical to ensuring a level playing field so that more entrepreneurs have the chance to succeed.”

    “As an organization that represents thousands of women owned small businesses across the country the Main Street Alliance is proud to endorse the PROGRESS Act,” said Richard Trent, Executive Director of Main Street Alliance. “Still too many barriers exist for entrepreneurs to start and grow their small business. During the past four years 19 million new small businesses were founded, unleashing the creativity, drive and contributions of people willing to take a risk on the American dream. By providing a critical first employee credit these businesses will be more likely to expand, and thrive.”

    “I am encouraged by the introduction of the Progress Act which will empower small businesses to create more jobs by offering tax credits for hiring and incentivizing investment,” said Anne Zimmerman, Co-Chair of Small Business For America’s Future. “Small Business for America’s Future has long championed thinking outside the box on incentives that support small businesses, and this legislation represents an innovative approach to strengthening America’s true economic engine: small business owners. We’ve heard countless stories of small business owners wanting to expand but hit a wall because of limited to no access to capital, which is the lifeblood of any growing business. The Progress Act is the type of smart policy we need to create more opportunities for Main Street businesses to help us grow, innovate and compete in today’s market.”

    “The PROGRESS Act is a crucial step forward in creating new opportunities for Asian American and Pacific Islander (AAPI)-owned businesses to gain access to capital,” said Chiling Tong, President and CEO of National Asian Pacific Islander American Chamber of Commerce (National ACE). “Many AAPI-owned businesses, particularly start-ups, face unique barriers to capital, including language barriers, lack of awareness, or lack of relationships with lending institutions. By providing tax credits for investors in these businesses, this legislation opens up critical financial resources that will help AAPI entrepreneurs grow their businesses, create jobs and support their communities. Congresswoman Chu is a longtime champion of the AAPI small business community, and we applaud her continued commitment to addressing the unique barriers faced by AAPIs and ensuring that AAPI entrepreneurs have access to opportunities.”

    MIL OSI USA News

  • MIL-OSI USA: Shaheen, Van Hollen Urge Federal Housing Finance Agency to Implement Energy-Efficient Building Codes for New Federally-Backed Homes

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen

    (Washington, DC) – U.S. Senator Jeanne Shaheen (D-NH) joined U.S. Senator Chris Van Hollen (D-MD) in sending a letter to Federal Housing Finance Agency (FHFA) Director Sandra Thompson urging the Agency to require that new homes with mortgages backed by government-sponsored enterprises, such as Fannie Mae, Freddie Mac and Ginnie Mae, meet up-to-date building codes for energy efficiency. In their letter, the Senators ask Director Thompson for an updated timeline for a decision, while calling on FHFA to act swiftly in order to improve home energy efficiency and ultimately save Granite State homeowners and renters money.

    The Senators wrote, in part: “Aligning new home energy standards with updated model codes will save money for homeowners and renters across the country. HUD and USDA found that the increased initial costs of construction are more than made up for by lower monthly energy costs. […] Beyond these financial benefits, updated codes help save lives by protecting families from the impacts of extreme weather events, particularly utility outages during heat waves and cold snaps. Updated energy codes can also yield better indoor air quality and reduce exposure to pollutants that can have negative health impacts including asthma, heart disease and lung cancer.”

    They continued: “This year is an ideal time for FHFA to make these changes. The Bipartisan Infrastructure Law and Inflation Reduction Act provided over $1.2 billion of federal funding to help states and localities update their building codes. Already, multiple state and local governments, as well as HUD and USDA have adopted the updated building codes.”

    The Senators concluded: “We urge you to move quickly to adopt modern energy standards for new homes utilizing Enterprise-backed mortgages to align with other federally backed housing construction, and ask you for an update on your timeline for taking this action. These standards will support a stable, efficient housing market by reducing wasted energy, improving health outcomes, and lowering costs for both renters and homeowners across the country.”

    The letter was cosigned by Senators Cory Booker (D-NJ), Martin Heinrich (D-NM), Ed Markey (D-MA), Bernie Sanders (I-VT), Elizabeth Warren (D-MA) and Peter Welch (D-VT). This letter is supported by Americans for Financial Reform, Rocky Mountain Institute, and the National Electrical Manufacturers Association.

    The full letter text can be found here.

    Shaheen has championed work to secure federal investments in clean energy and energy efficiency initiatives and to lower energy costs across New Hampshire, especially by fighting for updated building energy codes standards. Earlier this year, Shaheen sent a letter to the Federal Housing Finance Agency (FHFA) urging it to require that new homes with mortgages backed by Fannie Mae and Freddie Mac meet up-to-date building codes for energy efficiency. The Senator also recently applauded action by the Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) to adopt updated Minimum Energy Standards for new single and multifamily federally-backed homes.

    Shaheen was a lead negotiator of the Bipartisan Infrastructure Law, which made huge investments in clean energy, including $225 million to support the adoption and implementation of updated building energy codes based upon her longstanding bipartisan legislation with Senator Rob Portman. Shaheen also helped secure $1 billion in the Inflation Reduction Act, of which New Hampshire is eligible for nearly $2.5 million to support modern code adoption, implementation, enforcement, training and workforce development. Shaheen recently wrote an op-ed in the Union Leader urging the State of New Hampshire to adopt the latest building energy codes and use this federal funding.

    MIL OSI USA News

  • MIL-OSI USA: Providing Sustainable Power for 123,000 More Homes

    Source: US State of New York

    In celebration of Climate Week, Governor Kathy Hochul today announced that the New York State Office of Renewable Energy Siting and Electric Transmission has issued final siting permits for the Rich Road Solar Energy Center and Prattsburgh Wind LLC projects. The solar farm and the wind farm, located in St. Lawrence County and Steuben County, respectively, will bring a combined 387 megawatts of clean, renewable energy to New York’s electric grid, powering more than 123,000 average-sized homes. Both facilities will contribute significantly to the State’s ambitious climate goals while providing economic benefits to local communities.

    “These two massive renewable energy projects are prime examples of our progress in transitioning to a clean energy economy,” Governor Hochul said. “With the issuance of these siting permits, we are creating good-paying jobs in the North Country and the Southern Tier, while providing clean sustainable energy for our families and businesses.”

    The Rich Road Solar project developers estimate that the 240 MW solar farm—which will be supplemented with an additional 20 MW battery energy storage system (BESS) located in the Town of Canton, St. Lawrence County—will generate clean energy capable of powering more than 61,000 average-sized homes. The Prattsburgh wind farm, a 147 MW wind project spanning the Towns of Prattsburgh, Avoca, Cohocton, Howard, and Wheeler in Steuben County, will produce enough power for an estimated 62,000 homes according to its developers.

    Today’s announcement marks the second and third major renewable energy facility permits issued by ORES this month. Together, the projects bring the total number of ORES-approved large-scale renewable energy projects to 18 since 2021, representing over 2.7 gigawatts of clean energy. The approvals come during New York’s Climate Week, highlighting the State’s continued leadership in advancing clean energy initiatives and reinforcing its commitment to working toward the State’s climate goals.

    Office of Renewable Energy Siting and Electric Transmission Interim Executive Director Jessica Waldorf said, “Today’s announcement demonstrates the State’s continued commitment to a clean energy transition and the responsible siting and development of renewable energy resources. ORES’ issuance of the permits of the Rich Road Solar Energy Center and Prattsburgh Wind LLC projects will support the delivery of significant amounts of clean energy to the electric grid and local community benefits, while mitigating significant adverse environmental impacts.”

    New York State Department of Environmental Conservation Interim Commissioner Sean Mahar said, “The implementation of wind and solar developments like the projects announced today in St. Lawrence and Steuben counties is a critical part of Governor Hochul’s commitment to advancing a clean energy economy and achieving the goals of the Climate Leadership and Community Protection Act. DEC commends the Governor and ORES for their efforts to accelerate green energy deployment and address the challenges of climate change to ensure a greener future for all New Yorkers.”

    Alliance for Clean Energy New York Executive Director Marguerite Wells said, “Every megawatt of clean energy that comes online is a win for New Yorkers in the fight against climate change, and brings lasting economic benefits to our state. We thank the state and ORES for granting these siting permits and we look forward to the day the switch is flipped and power flows from these important projects.”

    New York League of Conservation Voters President Julie Tighe said, “With the impacts of climate change growing more dire by the day, we can no longer afford to just talk about renewable energy, we need to deliver real projects on the ground, and that’s why we’re thrilled to see Governor Hochul and the team at ORES approve the Rich Road Solar Energy Center and Prattsburgh Wind projects. Together, their promise of 387 megawatts of clean energy mark another important step on New York’s path to meeting our CLCPA obligations and transitioning to the clean energy economy we need.”

    The application for the Rich Road solar farm was deemed complete on January 3 and a draft permit was issued by ORES on March 4. A thorough, timely, and transparent review process followed that included a public comment period and hearing. The facility will feature three ground-mounted solar PV arrays on single-axis tracker racking systems, a 34.5 kilovolt (kV) to 345 kV collection substation, and a point of interconnection switchyard. Construction of the facility will create more than 300 full-time jobs, with four permanent positions during operation. The project is expected to provide $24 million in direct payments to the Town of Canton, St. Lawrence County, and local school districts over the next 35 years.

    The application for the Prattsburgh wind farm was deemed complete on October 30, 2023, with a draft permit issued by ORES on December 29, 2023. The project will encompass 36 wind turbines and related infrastructure across approximately 53 acres of primarily rural land. The project will generate more than $1.2 million annually in tax revenue for local municipalities and over $500,000 in direct lease and neighbor agreement payments to landowners. Additionally, it will create 81 on-site jobs during construction and eight full-time positions during operation.

    Both projects are integral to New York’s broader strategy to meet the Climate Leadership and Community Protection Act’s targets, which mandate 70 percent renewable electricity by 2030 and a zero-emissions electricity sector by 2040. Additionally, both projects were approved in less than the one-year timeframe required under the law.

    For more information about the Rich Road Solar and Prattsburgh Wind projects, as well as other ORES-permitted facilities, visit the ORES website.

    New York State’s Nation-Leading Climate Plan

    New York State’s climate agenda calls for an orderly and just transition that creates family-sustaining jobs, continues to foster a green economy across all sectors and ensures that a minimum of 35 percent, with a goal of 40 percent, of the benefits of clean energy investments are directed to disadvantaged communities. Guided by some of the nation’s most aggressive climate and clean energy initiatives, New York is advancing a suite of efforts – including the New York Cap-and-Invest program (NYCI) and other complementary policies – to reduce greenhouse gas emissions 40 percent by 2030 and 85 percent by 2050 from 1990 levels. New York is also on a path toward a zero emission electricity sector by 2040, including 70 percent renewable energy generation by 2030, and economy-wide carbon neutrality by mid-century. A cornerstone of this transition is New York’s unprecedented clean energy investments, including more than $28 billion in 61 large-scale renewable and transmission projects across the State, $6.8 billion to reduce building emissions, $3.3 billion to scale up solar, nearly $3 billion for clean transportation initiatives and over $2 billion in NY Green Bank commitments. These and other investments are supporting more than 170,000 jobs in New York’s clean energy sector as of 2022 and over 3,000 percent growth in the distributed solar sector since 2011. To reduce greenhouse gas emissions and improve air quality, New York also adopted zero-emission vehicle regulations, including requiring all new passenger cars and light-duty trucks sold in the State be zero emission by 2035. Partnerships are continuing to advance New York’s climate action with more than 400 registered and more than 130 certified Climate Smart Communities, over 500 Clean Energy Communities, and the State’s largest community air monitoring initiative in 10 disadvantaged communities across the State to help target air pollution and combat climate change.

    MIL OSI USA News

  • MIL-OSI Canada: CBSA Pacific Region investigation leads to seizure of firearms and prohibited devices in Vancouver

    Source: Government of Canada News

    News release

    September 24, 2024                 Vancouver, British Columbia            Canada Border Services Agency

    The Canada Border Services Agency (CBSA) is committed to protecting Canadians by intercepting and investigating smuggling attempts at our borders.

    Between August 2023 and January 2024, Border Services Officers at Vancouver International Airport Air Cargo Operations and Mail Center intercepted two firearm suppressors and two replica firearms in two related incidents. As these are prohibited devices, the Pacific Region Criminal Investigations Section launched an investigation into the importer of these devices. On August 28, 2024, CBSA criminal investigators, with assistance from the Vancouver Police Department, executed search warrants on the suspect’s residence in Vancouver. A number of items were seized, including:

    • two firearms;
    • two completed 3D printed firearms;
    • two 3D printed lower receivers;
    • eighteen replica firearms;
    • various other firearm parts and accessories;
    • suspected drugs.

    The suspect was arrested and the investigation is ongoing.

    Quotes

    “The safety and security of Canadians is our top priority. By stopping the smuggling of illegal firearms and drugs, we’re keeping communities safe. This seizure is a great example of the ongoing cooperation between the CBSA and local law enforcement agencies.”

    – The Honourable Dominic LeBlanc, Minister of Public Safety

    “The Canada Border Services Agency works hard to intercept undeclared firearms and firearm parts at our borders and investigates those who break Canada’s laws. The efforts of our officers and investigators, with support from the Vancouver Police Department, have removed dangerous firearms and prohibited devices from this community.”

    – Nina Patel, Regional Director General, Canada Border Services Agency, Pacific Region

    “Violent offenders, organized criminals, and crime groups have no respect for local or international boundaries. Law enforcement and national security agencies must work together to prevent the proliferation of weapons and drugs that threaten public safety within our communities. We are grateful to have assisted Canada Border Services Agency during this important investigation.”

    – Don Chapman, Superintendent, Operations Support Command, Vancouver Police Department

    Quick facts

    • Smuggling and other Customs Act and Criminal Code contraventions may lead to arrest, criminal charges and prosecution in a court of law.

    • The CBSA screens goods, including international mail and courier items, coming into Canada and examines more closely those that may pose a threat to the safety of Canadians.

    • For the latest enforcement statistics, visit Canada Border Services Agency seizures.

    • If you have information about suspicious cross-border activity, please contact the CBSA Border Watch Line toll-free at 1-888-502-9060.

    Contacts

    Media Relations

    Canada Border Services Agency

    media@cbsa-asfc.gc.ca

    1-877-761-5945

    @CanBorderPAC

    MIL OSI Canada News

  • MIL-OSI Global: Can cryptocurrencies ever be green?

    Source: The Conversation – UK – By Jean Bessala, Lecturer in Finance, Salford Business School, University of Salford

    Mabeline72/Shutterstock

    Cryptocurrencies have been condemned over their environmental record at a time when
    traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be until crypto earns its green credentials?

    Green investments are assets like bonds that pay for projects with positive environmental and social outcomes. Green bonds for example, contribute to cuts in greenhouse gas emissions, an increase of renewable energy capacity and uptake in clean transport infrastructures.

    Crypto investments on the other hand are widely seen as environmentally unfriendly, mainly because of crypto mining and the huge energy it demands. Mining in the context of crypto refers to a mechanism called “proof of work” (POW) where crypto “miners” use specialised computers to solve complex mathematical equations to secure transactions and create new coins. This is where the energy use comes in.

    Agencies and organisations like the International Energy Agency and the United Nations have raised concerns about the effects of crypto mining – particularly Bitcoin, the best-known crypto asset.

    The environmental footprint of crypto

    The United Nations University Institute for Water, Environment and Health estimated that in 2020-2021, Bitcoin networks had significant carbon, water and land footprints. Bitcoin’s carbon footprint was equivalent to burning 38 billion tonnes of coal, while its water footprint (mainly used for cooling systems) would have met the domestic water needs of more than 300 million people in sub-Saharan Africa.

    The Cambridge Blockchain Network Sustainability Index puts the electricity consumption of Bitcoin networks above those of several developed countries, including Norway and Sweden. For investors who are serious about achieving ESG goals, this aspect of crypto would likely be a deal-breaker.

    It is also made difficult by the lack of regulations around crypto activities. After years of being on the fringes of financial markets and being considered a “get-rich-quick” venture, crypto investments are becoming mainstream. But there is still little regulation to protect investors and ensure participants adopt practices that are in line with ESG values.

    Sceptics point out the major issues plaguing these markets including the use of cryptocurrencies and platforms for money-laundering, scamming, and price manipulation.

    So it is certainly hard to make a green case for crypto. But at the same time, it would be misleading to look only at one side of the coin. The fact is that crypto has a challenging but reachable path towards being widely accepted as green.

    Decarbonising the crypto industry

    First and foremost, the industry itself has recognised the need to change practices and processes to become more sustainable. In 2021, a significant number of players in the crypto industry signed the crypto climate accord (CCA) with the long-term target of decarbonising the global crypto industry by 2040.

    The CCA set two interim objectives. The first was the development of standards and technologies to have 100% renewably powered blockchains as soon as 2025. The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030.

    Recent developments in technology suggest the industry has started putting plans into action, with the appearance of sustainable tools and infrastructures.

    Several companies such as Mara and Argo are working on technologies like energy-efficient immersion cooling systems that significantly reduce the energy consumption required for mining.

    When cryptocurrency Ethereum changed its processes, it cut its energy use by close to 100%.
    rafapress/Shutterstock

    These companies are also developing systems that can recycle heat produced by digital assets and from data centres, and redirect it to provide energy to communities. The implementation of these technologies is facilitated by the relative mobility of crypto miners and the opportunities that some governments and regions offer to them.

    In addition, the crypto industry has seen the emergence of self-proclaimed environmentally friendly cryptocurrencies, such as Cardano public blockchain and Powerledger. These currencies use a less energy-intensive mechanism called “proof-of-stake” (POS) rather than POW.

    Unlike POW, POS miners must stake their holdings (the amount of cryptocurrency) when validating and verifying transactions and records. So if a miner tries to falsify records, they could potentially lose their stake. The process removes the need for the complex computer calculations and so cuts the energy use dramatically. In fact, in 2022, the cryptocurrency Ethereum transitioned from POW to POS, reducing its energy consumption by nearly 100%.

    The path towards green crypto is being eased by institutions like the Financial Stability Board, which is taking steps to provide frameworks for understanding, compliance and achievements of ESG goals and values.

    Together, these elements could open the door to a future where conscious investors can take a chance on cryptocurrencies.

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

    ref. Can cryptocurrencies ever be green? – https://theconversation.com/can-cryptocurrencies-ever-be-green-238359

    MIL OSI – Global Reports

  • MIL-OSI United Kingdom: Scottish Government must use powers to full extent

    Source: Scottish Greens

    The Scottish Government has the responsibility to use the powers it has to the maximum, and it’s not yet doing so

    The Scottish Government must use the powers of devolution to the full extent to build a fairer, greener Scotland and offset some of the damage being done from Westminster, says Scottish Green co-leader, Patrick Harvie MSP.
     
    In a debate today on The UK Budget – Scotland’s Priorities, the Scottish Greens called for the new Labour government to reject the broken economic policies of the Tories and for the SNP to go further in its use of existing powers now and as part of the upcoming Scottish budget.
     
    Speaking in the chamber today, Mr Harvie called for the Scottish Government to prioritise projects that will cut climate emissions.
     
    Mr Harvie said: “This government and this parliament still have the responsibility to use the powers we have to the maximum, and we’re not yet doing so.
     
    “The Scottish Greens have made the case for policies like the Scottish Child Payment and others. We’ve also successfully brought to the chamber the solutions that show how we can pay for them.
     
    “It’s because of the work of the Scottish Greens that we have progressive taxation in this country and an extra £1.5 billion in the Scottish budget every year. It’s because of the work of the Scottish Greens that we have already made progress on more local powers, whether that’s powers to double council tax on second and empty homes, the introduction of the Transient Visitor Levy or the workplace parking levy as options for councils. There is more to come with the carbon land tax and others.
     
    “We need to go further on this and, finally, we need to cut unsustainable investment in those high cost, high carbon pieces of infrastructure and invest instead in what will cut costs and cut emissions, like energy efficient homes and buildings that use renewables and not fossil fuels.
     
    “The Scottish Government will have to go further with the powers it does have.”

    MIL OSI United Kingdom

  • MIL-OSI Translation: CBSA investigation in Pacific Region leads to seizure of firearms and prohibited devices in Vancouver

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 1

    Press release

    September 24, 2024 Vancouver, BC Canada Border Services Agency

    The Canada Border Services Agency (CBSA) is committed to protecting Canadians by intercepting and investigating smuggling attempts at our borders.

    Between August 2023 and January 2024, border services officers from the Air Cargo Operations Centre and the Customs Mail Centre at Vancouver International Airport intercepted two firearm silencers and two replica firearms in two related incidents. As these are prohibited devices, the Pacific Region Criminal Investigation Section launched an investigation into the importer of these devices. On August 28, 2024, CBSA criminal investigators, with assistance from the Vancouver Police Department, executed search warrants at the suspect’s residence in Vancouver. A number of items were seized, including:

    two firearms; two 3D printed firearms; two 3D printed lower receivers; eighteen replica firearms; various other firearm parts and accessories; suspected drugs.

    The suspect has been arrested and the investigation is continuing.

    Quotes

    “The safety and security of Canadians is our top priority. By stopping the smuggling of firearms and illegal drugs, we are keeping communities safe. This seizure is a great example of the continued cooperation between the CBSA and local law enforcement agencies.”

    – The Honourable Dominic LeBlanc, Minister of Public Safety

    “The Canada Border Services Agency works hard to intercept undeclared firearms and firearm parts at our borders and to investigate those who break Canada’s laws. The efforts of our officers and investigators, with the support of the Vancouver Police Department, have resulted in the removal of dangerous firearms and prohibited devices from this community.”

    – Nina Patel, Regional Director General, Canada Border Services Agency, Pacific Region

    “Violent offenders, criminal organizations and criminal groups do not respect local or international borders. Law enforcement and national security agencies must work together to prevent the proliferation of weapons and drugs that threaten public safety in our communities. We are grateful for the assistance of the Canada Border Services Agency during this important investigation.”

    – Don Chapman, Superintendent, Enforcement Services, Vancouver Police Department

    Quick Facts

    Smuggling and other offences under the Customs Act and the Criminal Code may result in arrest, criminal charges and prosecution in court.

    The CBSA screens goods, including international mail and courier items, entering Canada and takes a closer look at those that may pose a threat to the safety and security of Canadians.

    For the latest enforcement statistics, visit Canada Border Services Agency Seizures.

    If you have any information about suspicious cross-border activities, please contact the border surveillance line CBSA toll-free at 1-888-502-9060.

    Contact persons

    Media Relations

    Canada Border Services Agency

    media@cbsa-asfc.gc.ca

    1-877-761-5945

    @CanPACBorder

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Security: Charter School Founder Pleads Guilty to Embezzling More Than $73,000 from Former School in Concord

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    CONCORD – A Boscawen woman pleaded guilty in federal court to stealing over $73,000 in U.S. Department of Education funds from the former Capital City Public Charter School in Concord, First Assistant U.S. Attorney Jay McCormack announces.

    Stephanie Alicea, 49, pleaded guilty to one count of theft from a program receiving federal funds. U.S. District Court Chief Judge Landya B. McCafferty scheduled sentencing for January 6, 2025.

    Alicea was the founder of the Capital City Public Charter School (“Capital City”) in Concord, New Hampshire. Capital City offered classes to several dozen students during the 2018-19 and 2019-20 school years. Alicea oversaw the school’s finances and day-to-day operations.  Capital City received federal charter school grant funds, which were to be used solely for education-related expenses.

    In spring 2020, an external auditor detected irregularities with Capital City’s finances.  Specifically, the auditor found that Alicea had spent some of the grant funds on expenses that were personal in nature, including gambling, dining, and travel. In total, Alicea stole $73,253.36 in federal grant funds from Capital City. 

    Capital City closed after the 2019-20 school year, surrendered its charter in February 2021, and declared bankruptcy in March 2021. 

    The charge of Theft from a Program Receiving Federal Funds provides for a sentence of up to 10 years in prison, up to 3 years of supervised release, and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The U.S. Department of Education’s Office of Inspector General and Federal Bureau of Investigation led the investigation.  Assistant U.S. Attorney Alexander S. Chen is prosecuting the case.

    ###

     

    MIL Security OSI

  • MIL-OSI Security: Cayuga County Sex Offender Pleads Guilty to Possessing Child Pornography

    Source: Federal Bureau of Investigation (FBI) State Crime News

    SYRACUSE, NEW YORK – Brien Fredendall, age 46, of Port Byron, New York, pled guilty today to two counts of possession of child pornography. United States Attorney Carla B. Freedman, and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI) made the announcement.

    As part of his guilty plea, Fredendall, who has a previous New York State conviction for possession of child pornography, admitted that he possessed videos and images of child pornography he received from a minor on his Snapchat account. He also admitted to possessing additional child pornography on his cellular phone.

    Sentencing is scheduled for January 21, 2025, before Chief United States District Judge Brenda K. Sannes.  Fredendall faces a mandatory minimum sentence of ten years in prison, a maximum sentence of 20 years in prison, a fine of up to $250,000.00 and a term of supervised release of between five years and life, to begin after imprisonment. Fredendall will also be required to continue to register as a sex offender upon his release from prison. A defendant’s sentence is imposed by a judge based on the particular statute the defendant is charged with violating, the U.S. Sentencing Guidelines, and other factors.

    This case was investigated by the FBI’s Albany Division Child Exploitation and Human Trafficking Task Force with the assistance of the Cayuga County Sherriff’s Office. Special Assistant U.S. Attorney Paul Tuck prosecuted Fredendall as part of Project Safe Childhood. 

    Launched in May 2006 by the Department of Justice, Project Safe Childhood is led by United States Attorney’s Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS).  Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI Security: Fighting IP Crime: A global responsibility

    Source: Interpol (news and events)

    Experts from around the world gather to address intellectual property crime threat

    WILLEMSTAD, Curaçao – Law enforcement officials, security and industry experts are meeting in Curaçao to strengthen global partnerships and coordinate action to counter intellectual property (IP) crime.

    Affecting all sectors and all regions, the trade in fake and pirated goods by transnational organized crime groups is often linked to other crime types, such as human trafficking, corruption and money laundering.

    To counter this evolving threat, some 375 specialists from more than 65 countries are meeting at the 17th International Law Enforcement Intellectual Property (IP) Crime Conference to shape effective enforcement strategies.

    Co-hosted by INTERPOL, the Government of Curaçao and its partner the Curinde Free Trade Zone in partnership with UL Standards and Engagement, and delivered by the International IP Crime Investigators College (IIPCIC), this is the first time the event is being held in the Caribbean.

    The event also marks the creation of the first National IP Crime Task Force in Curaçao which will provide expert assistance in anti-counterfeiting activities.

    On behalf of the Council of Ministers, Curaçao’s Minister of Justice, Mr Shalten Hato said:

    “We must unite to fight crime. For Curaçao, the advantage of creating a dedicated task force goes beyond simply identifying criminals who travel internationally and tackling cross-border crime; the exchange of information is essential in helping us stay ahead of criminal activities.”

    INTERPOL Secretary General Jürgen Stock said:

    “With every region of the world and all industry sectors affected by intellectual property crime, a global and coordinated response is essential.

    “This conference will provide new impetus to our united efforts to tackle this threat, which not only harms public health, but also damages economies, undermining communities.”

    Focusing on Free Trade Zones and Supply Chain Security, the theme of the conference is “Reducing the Harm”, and will address the following three key areas:

    • Coordinating Responses
    • Aligning Resources
    • Leveraging Opportunities

    “We are a safety advocacy organization, and counterfeits represent the absence of safety,” said George Borlase, Interim Executive Director of UL Standards & Engagement.

    “We are proud to partner and co-host with INTERPOL, the Government of Curaçao, and the Curinde Free Trade Zone to convene key stakeholders and support information sharing that will lead to solutions that leave us better protected against the harms of counterfeits.”

    First held in 2007, the Law Enforcement IP Crime Conference has become the premiere event for law enforcement and private sector professionals.

    MIL Security OSI

  • MIL-OSI USA: Duckworth, Durbin Announce Nearly $11 Million in Federal Funding for Health Care Research in Illinois

    US Senate News:

    Source: United States Senator for Illinois Tammy Duckworth
    September 24, 2024
    [WASHINGTON, D.C.] –  U.S. Senator Tammy Duckworth (D-IL) and U.S. Senate Majority Whip Dick Durbin (D-IL) today announced $10,906,668 in U.S. Department of Health and Human Services (HHS) medical research grants for Illinois institutions. The federal funding through the National Institutes of Health (NIH) will be put toward research programs across the state to support medical advancement in various fields, ranging from lung diseases to mental health research.  
    “Investing in our world-renowned medical research facilities and institutions is a critical part in helping ensure high quality health care for all Illinoisans,” Duckworth said. “I will keep working with Senator Durbin to make sure our health organizations have the federal support they need to continue improving mental health research and advancing medical treatments for patients and families across Illinois.”
    “Federal investments in medical research pushes our society forward, bringing us new treatments for the serious conditions that impact so many American families,” said Durbin. “Illinois’ world-class research institutions will make good use of this federal funding to make devastating diseases more treatable.” 
    Recipients of HHS grants include:  
    Chestnut Health Systems, Inc (Drug Abuse and Addiction Research Programs): $759,748
    Northwestern University at Chicago (Research for Mothers and Children): $718,900
    Northwestern University at Chicago (Nursing Research): $827,872
    University of Illinois at Urbana-Champaign (Research and Training in Complementary and Alternative Medicine): $671,176
    Northwestern University at Chicago (Lung Diseases Research): $2,803,961
    Northwestern University at Chicago (Human Genome Research): $745,930
    Northwestern University (Aging Research): $388,067
    Rosalind Franklin University of Medicine and Science (Mental Health Research Grants): $535,696
    Northwestern University at Chicago (Aging Research): $1,536,774
    Northwestern University at Chicago (Cancer Treatment Research): $90,538
     
    -30-

    MIL OSI USA News

  • MIL-OSI: CalAmp Industrial IoT Gateway Named an OEM Off-Highway 2024 Top New Product Award Recipient

    Source: GlobeNewswire (MIL-OSI)

    CARLSBAD, Calif., Sept. 24, 2024 (GLOBE NEWSWIRE) — OEM Off-Highway, the nationally recognized magazine serving product development teams for mobile OEMs globally, has selected the HMU-3640LB Industrial IoT Gateway as one of the favored new mobile on- and off-road equipment products of 2024.

    The 2024 Top New Products represent the top new product introductions that exhibit innovation, quality, efficiency, and productivity in the mobile on- and off-road equipment manufacturing space.

    The awarded products are based on submitted nominations and audience engagement during a 12-month period on OEMOffHighway.com and narrowed down by the editorial team and advisory board.

    The HMU-3640LB is a hardened, next-generation Industrial IoT gateway for OEMs in construction, agriculture, mining, landscaping, oil & gas, forestry, and related industries. Manufacturers rely on this technology to exchange critical data with remote equipment operating in harsh environments.

    By capturing GNSS, accelerometer, bus, controller, and peripheral data, and enabling over-the-air equipment firmware updates and device management, the HMU-3630LB solves a host of challenges for OEMs. Customers now rely on the gateway to inform design and testing decisions, bolster maintenance, prevent theft, impact revenue and cash flow, boost asset utilization, improve efficiency, and strengthen equipment operator training and coaching.

    “The winners of this year’s Top New Products Award represent innovation and ingenuity in product design and development,” said Kathy Wells, editor of OEM Off-Highway. “The 2024 class of top products offers new and creative solutions to recurring challenges. OEM Off-Highway applauds these industry innovators as they continue to drive mobile equipment design forward.”

    Additional information on the award recipients can be found in the September/October issue of OEM Off-Highway or online at www.oemoffhighway.com

    About CalAmp

    CalAmp provides flexible solutions to help organizations worldwide monitor, track, and protect their vital assets. Our unique device-enabled software and cloud platform enables commercial and government organizations worldwide to improve efficiency, safety, visibility, and compliance while accommodating the unique ways they do business. With over 10 million active edge devices and 220+ approved or pending patents, CalAmp is the telematics leader organizations turn to for innovation and dependability. For more information, visit calamp.com, or LinkedInTwitterYouTube or CalAmp Blog.

    CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, CalAmp VisionCrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

    CalAmp Investor 
    Contact:
    CalAmp Media 
    Contact:
    Jikun Kim Mark Gaydos
    SVP & CFO Chief Marketing Officer
    ir@calamp.com Mgaydos@calamp.com

    The MIL Network

  • MIL-OSI USA: Crapo Statement at Hearing on Women’s Health

    US Senate News:

    Source: United States Senator for Idaho Mike Crapo
    Washington, D.C.–U.S. Senate Finance Committee Ranking Member Mike Crapo delivered the following remarks at a hearing entitled “Chaos and Control: How Trump Criminalized Women’s Health Care.” 
    As prepared for delivery:
    “Thank you, Mr. Chairman.
    “Before I begin my opening statement, let me address the fact that the Senate Finance Committee has never had a non-sitting President’s name in its hearing title, which should tell us all we need to know about the reason for this hearing.
    “Since its earliest origins, the practice of medicine has been grounded in the Hippocratic Oath. 
    “Often colloquially distilled into ‘first, do no harm,’ the code of medical ethics is far more complex, rooted in compassion and humility.  Across the country, thousands of providers commit to upholding these principles, to treat all patients, all lives, with profound respect.
    “When a provider serves a pregnant woman, this philosophy applies to two lives. 
    “Mrs. Joshua, your experience is unacceptable.  Fear and ignorance should never drive clinical decision-making.  Let me be perfectly clear—seeking care for a miscarriage is not an abortion.
    “Similarly, to the families and loved ones of Amber Thurman and Candi Miller, you have my deepest sympathies.  Their deaths were preventable, and it is incumbent on us all to ensure no lives are lost under similar circumstances.
    “The subject of abortion touches our moral and ethical core.  The conversation demands respect, and the rhetoric must be accurate.  Anything short risks sowing confusion with potentially devastating consequences.
    “Unfortunately, as demonstrated by the overtly partisan nature of the title, it appears that the purpose of today’s hearing is to score political points against the former President is disappointing.
    “The Majority’s decision to use this issue to score political points against the former President is disappointing.
    “In 2022, the Supreme Court appropriately ruled abortion policy should be determined by states and, importantly, their residents.
    “Since that time, a number of states have passed laws that reflect their values, either through legislatures or ballot initiatives.
    “Unsurprisingly, Idaho and Oregon have taken different approaches, as they do on many issues.
    “However, regardless of divergent views on abortion, everyone on this dais agrees that life is precious. 
    “Women and children, including unborn children, deserve high-quality health care from professionals who are equipped to both share in the joy of pregnancy and react to unforeseen complications.
    “As a board-certified OB/GYN, Dr. Francis is here to discuss her work educating physicians on life-affirming care.  As an accomplished attorney, Ms. Hacker will share her deep understanding of state abortion laws. 
    “Together, their testimony will seek to clarify the facts surrounding this debate.
    “Abortion is unlike any other policy issue.  Positions are shaped by our experiences, tied to our ethical philosophies, and rarely simplistic. 
    “As we move forward with our conversation today, I encourage all my colleagues to remember the Hippocratic Oath, and to approach this discussion with compassion and humility.”

    MIL OSI USA News

  • MIL-OSI United Nations: Secretary-General’s remarks at the Sustainable Development Goals (SDGs) Moment Event [bilingual, as delivered; scroll down for all-English and all-French]

    Source: United Nations secretary general

    Excellencies, dear friends,  

    The Sustainable Development Goals represent a bold vision: a commitment to a better, healthier, safer and more prosperous and sustainable future.   

    But the Goals are facing massive headwinds.

    More than 4 out of 5 SDG targets are off track.

    On top of the impacts from a global pandemic, many countries are being crushed by massive debt burdens, limited liquidity and sky-high borrowing costs.

    Conflicts, hunger, inequalities and the climate crisis are all intensifying.

    And the global financial architecture is not providing developing countries with sufficient financing and liquidity or to act as an effective safety net for all.

    The world has the wealth, the technology, and the know-how to achieve the SDGs.

    Last September’s SDG Summit included consensus around an SDG Stimulus of at least $500 billion per year in financing for developing countries — and the need for global financial architecture reform.

    It highlighted key transitions to generate maximum progress — ending hunger, expanding renewable energy, digitalization, education, social protection and decent work, and ending the triple planetary crisis of climate change, pollution and biodiversity loss.

    It also underscored the vital importance of ensuring that women, girls and young people are at the decision-making table.   

    Today, you will hear from leaders about their countries’ progress across all these areas — leaders determined to make changes, even in the face of great odds.

    And we will celebrate some milestones at the global level.

    From reducing child mortality rates…to preventing new HIV infections…to increasing access to renewable energy and broadband …to greater gender parity across education systems.

    As we reflect on next steps, I urge focus on the three development drivers that can accelerate progress.

    The first is finance. 

    Crushing debt and inefficient tax systems are starving investments in health, education and food in many developing countries.

    The Pact for the Future includes support for the SDG Stimulus and global financial architecture reform to help ease the debt crisis of so many developing countries.

    This includes multiplying the lending capacity of Multilateral Development Banks to provide more resources for climate action and sustainable development, and changing their business model to leverage massive amounts of private finance.  

    As we look towards next year’s Summits on Social Development and Financing, I urge all countries to double down on these reform efforts.

    The second development driver is climate action.

    I urge countries to put forward ambitious national climate action plans that align with the 1.5 degree limit, and cover the whole economy and all sectors.

    This requires aligning national energy strategies with a 1.5-degree world, ending fossil fuel subsidies and putting a price on carbon.

    It is time for a rapid and just phase-out of fossil fuels, and a rapid and smart scale-up of renewables to drive sustainable development, energy security and economic prosperity.

    We must fairly and sustainably meet the global demand for critical minerals that can power the renewables revolution. And the Panel on Critical Energy Transition Minerals has provided recommendations to do this.

    Protecting development gains from climate upheaval is also critical.

    We need new and generous contributions to the Loss and Damage Fund.

    We need developed countries honouring their commitment to double adaptation funding by 2025.

    And we need governments to agree on a significant new climate finance goal at COP29, including new and innovative sources of finance.

    Le troisième facteur de développement, c’est la paix.

    Tous nos plans de développement sont rapidement anéantis par des conflits sans fin causant la mort, la destruction, la faim, les déplacements de populations et les violences basées sur le genre.

    Et les ressources dont nous avons tant besoin pour nourrir et éduquer nos enfants et construire une planète durable pour notre jeunesse sont gaspillées en dépenses militaires.

    Nous avons besoin de paix – à Gaza, en Ukraine, au Soudan, et partout ailleurs.

    J’appelle les dirigeants du monde entier à surmonter les divisions, à mettre fin aux conflits, et à investir dans l’avenir de leurs populations et dans la paix.

    Chers amis,

    Dans un monde de richesses exceptionnelles, de connaissances et de technologies sans précédent, nous n’avons aucune excuse.

    Il est temps de tenir les promesses du Programme 2030 – de mettre fin à la pauvreté, de protéger la planète, et de ne laisser personne de côté.  

    Gardons les Objectifs de développement durable en vie.

    Je vous remercie.

    ***
    [all-English]

    Excellencies, dear friends,

    The Sustainable Development Goals represent a bold vision: a commitment to a better, healthier, safer and more prosperous and sustainable future.   

    But the Goals are facing massive headwinds.

    More than 4 out of 5 SDG targets are off track.

    On top of the impacts from a global pandemic, many countries are being crushed by massive debt burdens, limited liquidity and sky-high borrowing costs.

    Conflicts, hunger, inequalities and the climate crisis are all intensifying.

    And the global financial architecture is not providing developing countries with sufficient financing and liquidity or to act as an effective safety net for all.

    The world has the wealth, the technology, and the know-how to achieve the SDGs.

    Last September’s SDG Summit included consensus around an SDG Stimulus of at least $500 billion per year in financing for developing countries — and the need for global financial architecture reform.

    It highlighted key transitions to generate maximum progress — ending hunger, expanding renewable energy, digitalization, education, social protection and decent work, and ending the triple planetary crisis of climate change, pollution and biodiversity loss.

    It also underscored the vital importance of ensuring that women, girls and young people are at the decision-making table.   

    Today, you will hear from leaders about their countries’ progress across all these areas — leaders determined to make changes, even in the face of great odds.

    And we will celebrate some milestones at the global level.

    From reducing child mortality rates…to preventing new HIV infections…to increasing access to renewable energy and broadband …to greater gender parity across education systems.

    As we reflect on next steps, I urge focus on the three development drivers that can accelerate progress.

    The first is finance. 

    Crushing debt and inefficient tax systems are starving investments in health, education and food in many developing countries.
       
    The Pact for the Future includes support for the SDG Stimulus and global financial architecture reform to help ease the debt crisis of so many developing countries.

    This includes multiplying the lending capacity of Multilateral Development Banks to provide more resources for climate action and sustainable development, and changing their business model to leverage massive amounts of private finance.  

    As we look towards next year’s Summits on Social Development and Financing, I urge all countries to double down on these reform efforts.

    The second development driver is climate action.

    I urge countries to put forward ambitious national climate action plans that align with the 1.5 degree limit, and cover the whole economy and all sectors.

    This requires aligning national energy strategies with a 1.5-degree world, ending fossil fuel subsidies and putting a price on carbon.

    It is time for a rapid and just phase-out of fossil fuels, and a rapid and smart scale-up of renewables to drive sustainable development, energy security and economic prosperity.

    We must fairly and sustainably meet the global demand for critical minerals that can power the renewables revolution. And the Panel on Critical Energy Transition Minerals has provided recommendations to do this.

    Protecting development gains from climate upheaval is also critical.

    We need new and generous contributions to the Loss and Damage Fund.

    We need developed countries honouring their commitment to double adaptation funding by 2025.

    And we need governments to agree on a significant new climate finance goal at COP29, including new and innovative sources of finance.

    And the third development driver is peace.

    All our development plans are quickly erased by relentless conflicts that cause death, destruction, hunger, displacement and gender-based violence.

    And the resources we desperately need to feed and educate our children and build a sustainable planet for our young people are wasted on military expenditures.

    We need peace — from Gaza to Ukraine to Sudan and beyond.

    I call on global leaders to heal divisions, end conflicts, and invest in people and peace.

    Dear friends,

    In our world of unprecedented wealth, knowledge and technologies, there is no excuse.

    It’s time to keep the promises of the 2030 Agenda for Sustainable Development to end poverty, protect the planet, and leave no one behind.  

    Let’s keep the SDG commitment alive.

    Thank you.

    ***
    [all-French]

    Excellences, Chers amis,

    Les objectifs de développement durable incarnent une vision audacieuse. Ils constituent un engagement en faveur d’un avenir meilleur, plus sain, plus sûr, plus prospère et plus durable.

    Mais les vents contraires sont nombreux.

    Nous sommes mal partis pour atteindre plus de quatre sur cinq de toutes les cibles associées aux objectifs de développement durable.

    Outre les conséquences d’une pandémie mondiale auxquelles ils doivent faire face, de nombreux pays sont écrasés par un endettement massif, des liquidités limitées et des coûts d’emprunt très élevés.

    Les conflits, la faim, les inégalités et la crise climatique s’intensifient.

    En outre, l’architecture financière mondiale ne permet pas aux pays en développement de pouvoir compter sur suffisamment de financements et de liquidités et ne leur offre pas un filet de sécurité efficace pour tous.

    Le monde a pourtant les richesses, les technologies et le savoir-faire qu’il faut pour atteindre les objectifs de développement durable.

    Au mois de septembre dernier, le Sommet sur les objectifs de développement durable a permis de dégager un consensus autour d’un plan de relance des objectifs de développement durable, prévoyant des financements d’au moins 500 milliards de dollars par an pour les pays en développement – et de s’accorder sur le fait qu’il est nécessaire de réformer l’architecture financière mondiale.

    L’accent a été mis sur les transitions clés qui permettront d’accomplir un maximum de progrès dans toute une série de domaines : élimination de la faim, développement des énergies renouvelables, numérisation, éducation, protection sociale et travail décent, ainsi que de mettre fin à la triple crise planétaire, à savoir les changements climatiques, la pollution et l’appauvrissement de la biodiversité.

    Il a également été souligné qu’il était crucial de veiller à ce que les femmes, les filles et les jeunes aient leur place à la table des décisions.

    Aujourd’hui, vous entendrez des dirigeants et dirigeantes parler des progrès réalisés par leur pays dans tous ces domaines. Ils sont déterminés à faire bouger les lignes, en dépit des difficultés énormes auxquelles ils heurtent.

    Et nous célébrerons des réussites phares à l’échelle planétaire : depuis la réduction des taux de mortalité infantile jusqu’à l’amélioration de la prévention des nouvelles infections par le VIH, en passant par l’élargissement de l’accès aux énergies renouvelables et de l’accès au haut débit et par l’amélioration de la parité entre les femmes et les hommes dans les systèmes éducatifs.

    Alors que nous réfléchissons aux prochaines étapes, je vous invite à vous concentrer sur les trois moteurs du développement qui pourraient permettre d’accélérer le rythme des progrès.

    Tout d’abord, les financements.

    Dans de nombreux pays en développement, les investissements dans les domaines de la santé, de l’éducation et de l’alimentation sont exsangues à cause du niveau écrasant de la dette et de l’inefficacité des systèmes fiscaux.

    Dans le Pacte pour l’avenir, il est prévu d’appuyer le plan de relance des objectifs de développement durable et la réforme de l’architecture financière mondiale afin d’atténuer la crise de la dette que traversent de trop nombreux pays en développement.

    Il s’agit notamment de multiplier la capacité de prêt des banques multilatérales de développement afin de dégager davantage de ressources pour l’action climatique et le développement durable, et de modifier leur modèle de fonctionnement afin de mobiliser en masse des financements privés.

    Les Sommets sur le développement social et le financement auront lieu l’an prochain, et j’invite tous les pays à redoubler d’efforts pour faire avancer la réforme dans cette perspective.

    Le deuxième moteur du développement, c’est l’action climatique.

    J’invite les pays à adopter des plans d’action nationaux pour le climat qui soient ambitieux, en ne dépassant pas la limite des 1,5 degré, et en couvrant l’ensemble de l’économie et tous les secteurs.

    Il faudra pour cela aligner les stratégies énergétiques nationales sur l’objectif d’une élévation de la température mondiale ne dépassant pas les 1,5 degré, mettre fin aux subventions aux combustibles fossiles et fixer un prix pour le carbone.

    L’heure est venue d’éliminer progressivement mais rapidement les combustibles fossiles, au terme d’une transition équitable, et d’augmenter rapidement, avec discernement, les énergies renouvelables pour favoriser le développement durable, la sécurité énergétique et la prospérité économique.

    Nous devons répondre d’une manière juste et durable à la demande mondiale en minéraux essentiels, qui ont le potentiel de porter la révolution des énergies renouvelables. Et le Groupe chargé de la question des minéraux essentiels à la transition énergétique a formulé des recommandations à cette fin.

    Il est également essentiel de protéger les acquis du développement face aux bouleversements climatiques.

    Il faut par ailleurs que de nouvelles et généreuses contributions soient versées au Fonds pour les pertes et les préjudices.

    Les pays développés doivent honorer l’engagement qu’ils ont pris de doubler le financement de l’adaptation d’ici à 2025.

    Et il faut que les gouvernements se mettent d’accord sur un nouvel objectif ambitieux en ce qui concerne le financement de l’action climatique lors de la vingt-neuvième session de la Conférence des Parties à la Convention-cadre des Nations Unies sur les changements climatiques, y compris au sujet des sources de financement nouvelles ou novatrices.

    Le troisième facteur de développement, c’est la paix.

    Tous nos plans de développement sont rapidement anéantis par des conflits sans fin causant la mort, la destruction, la faim, les déplacements de populations et les violences basées sur le genre.

    Et les ressources dont nous avons tant besoin pour nourrir et éduquer nos enfants et construire une planète durable pour notre jeunesse sont gaspillées en dépenses militaires.

    Nous avons besoin de paix – à Gaza, en Ukraine, au Soudan, et partout ailleurs.

    J’appelle les dirigeants du monde entier à surmonter les divisions, à mettre fin aux conflits, et à investir dans l’avenir de leurs populations et dans la paix.

    Chers amis,

    Dans un monde de richesses exceptionnelles, de connaissances et de technologies sans précédent, nous n’avons aucune excuse.

    Il est temps de tenir les promesses du Programme 2030 – de mettre fin à la pauvreté, de protéger la planète, et de ne laisser personne de côté.

    Gardons les objectifs de développement durable en vie.

    Je vous remercie.
    ***

    MIL OSI United Nations News

  • MIL-OSI Translation: The weekly update on the government’s economic plan

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French 1

    The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by the Minister of Public Services and Procurement, Jean-Yves Duclos, and the Minister of Housing, Infrastructure and Communities, Sean Fraser.

    Ottawa, Ontario – The Deputy Prime Minister and Minister of Finance will provide an update on the government’s economic plan. She will be joined by Minister of Public Services and Procurement Jean-Yves Duclos and Minister of Housing, Infrastructure and Communities Sean Fraser.

    Notes to media representatives:

    Free coverage. Media representatives wishing to cover the event must be accredited with the Parliamentary Press Gallery. Media representatives wishing to cover the event should send an email to mediare@fin.gc.ca.

    Date

    September 24, 2024

    Hour

    9:00 a.m.

    Contact persons

    Katherine CuplinskasDeputy Director of CommunicationsOffice of the Deputy Prime Minister and Minister of Financekatherine.cuplinskas@fin.gc.ca

    Media RelationsDepartment of Finance Canadamediare@fin.gc.ca613-369-4000

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Security: Delaware Man Pleads Guilty to Heroin Trafficking

    Source: Federal Bureau of Investigation (FBI) State Crime News

    JOHNSTOWN, Pa. – A resident of Middletown, Delaware, pleaded guilty in federal court to a charge of violating federal narcotics laws, United States Attorney Eric G. Olshan announced today.

    Paul Smith, 46, pleaded guilty to Count One of the Superseding Indictment before Senior United States District Judge Kim R. Gibson.

    In connection with the guilty plea, the Court was advised that, from in and around April 2019 to in and around July 2021, in the Western District of Pennsylvania, Smith conspired with others to distribute and possess with intent to distribute 100 grams or more of a mixture and substance containing heroin. Smith was intercepted on a federal wiretap obtaining quantities of the drugs that he distributed to others.

    Judge Gibson scheduled sentencing for January 21, 2025. The law provides for a total sentence of not less than five years and up to 40 years in prison, a fine of up to $5 million, or both. Under the federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.

    Assistant United States Attorney Maureen Sheehan-Balchon is prosecuting this case on behalf of the government.

    The Federal Bureau of Investigation’s Laurel Highlands Resident Agency and Homeland Security Investigations conducted the investigation that led to the prosecution of Smith. Additional agencies participating in this investigation include the Bureau of Alcohol, Tobacco, Firearms and Explosives, Internal Revenue Service – Criminal Investigation, United States Postal Inspection Service, Pennsylvania Office of Attorney General, Pennsylvania State Police, Cambria County District Attorney’s Office, Indiana County District Attorney’s Office, Cambria County Sheriff’s Office, Cambria Township Police Department, Indiana Borough Police Department, Johnstown Police Department, Upper Yoder Township Police Department, Richland Police Department, Ferndale Police Department, and other local law enforcement agencies.

    This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    MIL Security OSI

  • MIL-OSI Security: New Castle Man Sentenced to More Than Nine Years in Prison on Drug Trafficking and Firearm Convictions

    Source: Federal Bureau of Investigation (FBI) State Crime News

    PITTSBURGH, Pa. – A resident of New Castle, Pennsylvania, has been sentenced in federal court to 110 months in prison for trafficking fentanyl and cocaine and possessing a firearm after a felony conviction, United States Attorney Eric G. Olshan announced today.

    Senior United States District Judge Arthur J. Schwab imposed the sentence on Donald Jeter, 34. Judge Schwab also ordered Jeter to serve six years of supervised release following his prison sentence.

    Jeter previously pleaded guilty in this case to conspiring to distribute fentanyl and cocaine between May 2021 and October 2022, and to possessing a firearm on August 10, 2022, after a felony conviction. Federal law prohibits possession of a firearm or ammunition by a convicted felon.

    Assistant United States Attorney Craig W. Haller prosecuted this case on behalf of the United States.

    United States Attorney Olshan commended the Federal Bureau of Investigation, Pennsylvania Office of Attorney General, United States Postal Inspection Service, Bureau of Alcohol, Tobacco, Firearms and Explosives, Lawrence County Drug Task Force, Mercer County Drug Task Force, New Castle Police Department, Sharon Police Department, and Pennsylvania State Police for the investigation leading to the successful prosecution of Jeter.

    MIL Security OSI

  • MIL-OSI Security: More Than Two Dozen Individuals From Erie Area Indicted on Drug and Firearms Violations

    Source: Federal Bureau of Investigation (FBI) State Crime News

    ERIE, Pa. – An Organized Crime Drug Enforcement Task Force (OCDETF) investigation has led to charges against a total of 26 defendants across nine separate but related Indictments for violations of federal narcotics and firearms laws, United States Attorney Eric G. Olshan announced today.

    The Indictments charge a network of overlapping regional drug dealers based out of Erie, Pennsylvania, with trafficking multi-kilogram quantities of fentanyl powder and pills, substantial quantities of methamphetamine, and cocaine. During this long-term wiretap investigation, several firearms were seized from drug distributors who were prohibited from possessing firearms or possessed the firearms in furtherance of their drug trafficking. Investigators also seized multiple Glock conversion devices—commonly referred to as “Glock switches”—which are designed to convert a semiautomatic Glock pistol into an automatic machinegun.

    The Indictments, all unsealed September 18, 2024, include:
    – an 11-count Indictment returned on September 10, 2024, charging 14 defendants with obtaining and redistributing fentanyl and methamphetamine in and around Erie County and other areas of the Western District of Pennsylvania;
    – a two-count Indictment returned on September 10, 2024, charging four defendants with conspiring to distribute and possess with intent to distribute varying quantities of fentanyl and methamphetamine;
    – a one-count Indictment returned on September 10, 2024, charging two defendants with conspiring to distribute and possess with intent to distribute a quantity of a mixture and substance containing cocaine, and
    – six additional one-defendant Indictments charging one to three offenses involving drugs, firearms, or both. These Indictments were returned between July 30, 2024, and September 10, 2024.

    A list of the defendants, charges, and maximum penalties is included at the bottom of this release. Under the federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

    “The combination of guns and illicit drugs—like fentanyl and methamphetamine—leads to tragic consequences for communities in the Erie area and across our district,” said U.S. Attorney Olshan. “Today’s charges against 26 defendants reinforce a core message: if you peddle deadly drugs in the Western District of Pennsylvania, you should expect a visit from law enforcement. Our office and our law enforcement partners will not sit idly by and allow drug traffickers and those who carry devices capable of turning semiautomatic firearms into fully automatic weapons to operate with impunity. Simply put, we are unrelenting in our resolve to keep ordinary citizens safe and secure in their own homes and neighborhoods.”

    “The message to those who think they can continue trafficking cartel poison in our communities at will is the FBI and our partners with the EAGLE Safe Streets Task Force will not stop until we break the cycle of drug violence,” said FBI Pittsburgh Special Agent in Charge Kevin Rojek. “Your operations will be dismantled, your drug-fueled profits will be seized, and you will be brought to justice. This marks the third large-scale operation in the Erie area in the last three years. The FBI’s resolve, and that of our partners, in combatting drugs on our streets will not change.”

    “Operation Hot Block is the epitome of a joint investigation,” said Acting Special Agent in Charge of HSI Philadelphia Sara Bay. “Working hand in hand, HSI and FBI, along with multiple federal agencies, state, county, and city police, all contributed to the significant enforcement action today. Through these collective efforts, a dangerous criminal organization that dealt in violent crime and supplied deadly drugs like fentanyl to victims in northwestern Pennsylvania has been dismantled. Residents of northwestern Pennsylvania are safer due to the efforts of all law enforcement professionals that helped bring this investigation to fruition.”

    “The Erie Police Department is proud to participate on the FBI EAGLE Task Force,” said Erie Police Department Chief Daniel Spizarny. “Working together with other law enforcement agencies in the region, we strive to prevent these deadly drugs from reaching our city. The damage these drugs do to our community, our friends, our neighbors, and our families must be stopped. A safer city for all is our goal.”

    Assistant United States Attorneys Molly Anglin and Paul Sellers are prosecuting these cases on behalf of the government.

    This prosecution is a part of an Organized Crime Drug Enforcement Task Force (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles high-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    The Federal Bureau of Investigation (FBI) Erie Resident Agency Erie Area Gang Law Enforcement (EAGLE) Safe Streets Task Force—which is comprised of investigators from the FBI, United States Customs and Border Protection, Erie Police Department, Pennsylvania State Police, Pennsylvania Office of Attorney General, Millcreek Police Department, Oil City Police Department, Franklin Police Department, and Erie School District Police Department—conducted the investigation leading to the indictments, in coordination with Homeland Security Investigations; the Internal Revenue Service; Bureau of Alcohol, Tobacco, Firearms and Explosives; Pennsylvania State Police Vice and Drug Law Units; Erie County Detectives; and Erie County District Attorney’s Office.

    The investigation was also conducted in association with the Northwest Pennsylvania Drug Initiative, which was formed following Erie County’s designation as a High Intensity Drug Trafficking Area (HIDTA) in 2021. The HIDTA program was created by Congress in 1988 to coordinate and assist federal, state, and local law enforcement agencies in addressing regional drug threats with the purpose of reducing drug trafficking and drug production in the United States. The Northwest Pennsylvania Drug Initiative coordinates personnel and resources between multiple agencies including the Pennsylvania State Police, Federal Bureau of Investigation, Drug Enforcement Administration, Homeland Security Investigations, Erie Police Department, Erie County District Attorney’s Office, Erie County Detectives, United States Postal Inspection Service, EAGLE Task Force, Bureau of Alcohol, Tobacco, Firearms and Explosives, and other participating agencies.

    An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.

    List of Defendants

    Name

    Age

    City

    Charges

    Maximum Penalty

    Colone Dwayne Roberts

    33

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 400 grams or more of a mixture and substance containing a detectable amount of fentanyl and a quantity of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Possession with the intent to distribute 400 grams or more of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Possession of a firearm and ammunition by a convicted felon

    15 years imprisonment

    Possession of a firearm in furtherance of a drug trafficking crime

    Life imprisonment

    Amajaeon Depree Moore

    20

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 400 grams or more of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Attempt to possess with the intent to distribute 400 grams or more of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Possession of a firearm and ammunition by a convicted felon

    15 years imprisonment

    Possession with the intent to distribute a quantity of a mixture and substance containing a detectable amount of fentanyl

    30 years imprisonment

    Onyeah Lashay Roberts

    32

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute a quantity of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Shaliel Dupree Wall

    26

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 400 grams or more of a mixture and substance containing a detectable amount of fentanyl and a quantity of a mixture and substance containing a detectable amount of fluorofentanyl

    Life imprisonment

    Possession with the intent to distribute 40 grams or more of a mixture and substance containing a detectable amount of fentanyl and a quantity of a mixture and substance containing a detectable amount of cocaine

    40 years imprisonment

    Possession of a firearm in furtherance of a drug trafficking crime

    Life imprisonment

    Dajuwon Brown Faulkner

    22

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 40 grams or more of a mixture and substance containing a detectable amount of fentanyl and 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Possession with the intent to distribute and distribution of 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    40 years imprisonment

    Oliver Deshawn Williams

    31

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 40 grams or more of a mixture and substance containing a detectable amount of fentanyl and 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Jamaine Jarrel Gambill

    38

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Noah Devon Thomas

    35

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine and a quantity of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Desmar Deshawn Samson

    34

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine and a quantity of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Kory Paul Durfey

    36

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute a quantity of a mixture and substance containing a detectable amount of methamphetamine and a quantity of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Michael Ray Nelson

    34

    Unknown

    Conspiracy to distribute and possess with intent to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Possession with the intent to distribute and distribution of 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    40 years imprisonment

    John Allen Lauver

    46

    Altoona, PA

    Conspiracy to distribute and possess with intent to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Possession with the intent to distribute and distribution of 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    40 years imprisonment

    Deborah Lea Bean

    43

    Corry, PA

    Conspiracy to distribute and possess with intent to distribute a quantity of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Terrell Lamont Stonewall

    49

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute a quantity of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Thomas Devon Moffett

    32

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 40 grams or more of a mixture and substance containing a detectable amount of fentanyl and 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Possession of a firearm by a convicted felon

    15 years imprisonment

    Jaymil Avon Davis

    33

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 40 grams or more of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Elisabeth Mae Burger

    43

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Paul Scott Denning

    32

    Erie, PA

    Conspiracy to distribute and possess with intent to distribute a quantity of a mixture and substance containing a detectable amount of methamphetamine and a quantity of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Lee Earl McLaurin

    37

    Erie, PA

    Conspiracy to distribute and possess with the intent to distribute a quantity of a mixture and substance containing a detectable amount of cocaine

    30 years imprisonment

    Miciah Rashaid McLaurin

    35

    Erie, PA

    Conspiracy to distribute and possess with the intent to distribute a quantity of a mixture and substance containing a detectable amount of cocaine

    30 years imprisonment

    Christopher Elliott Barnes

    37

    Erie, PA

    Possession with the intent to distribute and distribution of 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    40 years imprisonment

    Darrian M. Brooks

    35

    Farrell, PA

    Possession with the intent to distribute 400 grams or more of a mixture and substance containing a detectable amount of fentanyl

    Life imprisonment

    Possession of a firearm and ammunition by a convicted felon

    15 years imprisonment

    Unlawful possession of a firearm in furtherance of a drug trafficking crime

    Life imprisonment

    Oarmell Burrell Douglas

    46

    Erie, PA

    Possession with the intent to distribute 500 grams or more of a mixture and substance containing a detectable amount of cocaine, 40 grams or more of a mixture and substance containing a detectable amount of fentanyl, and 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    Life imprisonment

    Oujacquan Akeem Jones

    41

    Erie, PA

    Possession with the intent to distribute 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine and a quantity of a mixture and substance containing a detectable amount of cocaine

    40 years imprisonment

    Brendon Malone

    35

    Erie, PA

    Possession of a machinegun

    10 years imprisonment

    Aaquil Pacley

    27

    Erie, PA

    Possession with intent to distribute and distribution of a quantity of a mixture and substance containing a detectable amount of fentanyl

    20 years imprisonment

    Possession with intent to distribute and distribution of 50 grams or more of a mixture and substance containing a detectable amount of methamphetamine

    40 years imprisonment

    MIL Security OSI

  • MIL-OSI USA: Rep. Laurel Lee Introduce Bill to Combat CCP Cyber Threat Actors

    Source: United States House of Representatives – Congresswoman Laurel Lee – Florida (15th District)

    Washington, D.C. – Today, House Homeland Security Committee Republicans introduced legislation to combat growing cyber threats from the Chinese Communist Party (CCP) against our critical infrastructure. Representative Laurel Lee (R-FL) introduced legislation to establish an interagency task force led by the Cybersecurity and Infrastructure Security Agency (CISA) and the Federal Bureau of Investigation (FBI) to address the cybersecurity threats posed by state-sponsored cyber actors associated with the People’s Republic of China (PRC), including Volt Typhoon.
     
    Additionally, the bill requires that the task force provide a classified report and briefing to Congress annually for five years on their findings, conclusions, and recommendations relating to malicious CCP cyber activity. Committee Chairman Mark E. Green, MD (R-TN) and Select Committee on the Chinese Communist Party Chairman John Moolenaar (R-MI) cosponsored the legislation. Read more in NextGov via David DiMolfetta.
     
    On the “Strengthening Cyber Resilience Against State-Sponsored Threats Act,” Representative Lee said, “The CCP, acting through Volt Typhoon and other threat actors, has made a concerted effort to pre-position itself within our networks in order to target and compromise the critical infrastructure Americans rely on every day––from the transportation and water sectors to the energy sector. While individual agencies have worked to examine and address the threats posed by malign cyber actors like Volt Typhoon, a siloed approach to cybersecurity will only give our adversaries the upper hand. It is critical that the federal government implements a focused, coordinated, and whole-of-government response to all of Beijing’s cyber threats, so no other actors succeed.”  
     
    Chairman Green said, “The threat actor ‘Volt Typhoon’ remained undetected and undeterred in our networks for far too long.  The discovery of the new actor ‘Flax Typhoon’ further demonstrates the CCP’s unabashed commitment to infiltrating our critical infrastructure. While intrusions from threat actors like the Typhoons create a dangerous opportunity for espionage, we know they could also serve as open doors for the CCP to manipulate or thwart crucial services Americans rely on in the event of escalation in the Indo-Pacific. Now is the time to address the threat China poses in cyberspace.”
     
    Chairman Moolenaar said, “At our Select Committee hearing earlier this year, FBI Director Wray broke the news that the United States had uncovered state-affiliated Chinese hackers, known collectively as Volt Typhoon, who infiltrated American critical infrastructure and installed malware to unleash a cyber-attack at a time of their choosing. I’m proud to co-sponsor this legislation alongside Rep. Laurel Lee that will help protect the American people.”

    ###

    MIL OSI USA News

  • MIL-OSI Africa: Secretary-General’s remarks at the Sustainable Development Goals (SDGs) Moment Event [bilingual, as delivered; scroll down for all-English and all-French]

    Source: United Nations – English

    xcellencies, dear friends,  

    The Sustainable Development Goals represent a bold vision: a commitment to a better, healthier, safer and more prosperous and sustainable future.   

    But the Goals are facing massive headwinds.

    More than 4 out of 5 SDG targets are off track.

    On top of the impacts from a global pandemic, many countries are being crushed by massive debt burdens, limited liquidity and sky-high borrowing costs.

    Conflicts, hunger, inequalities and the climate crisis are all intensifying.

    And the global financial architecture is not providing developing countries with sufficient financing and liquidity or to act as an effective safety net for all.

    The world has the wealth, the technology, and the know-how to achieve the SDGs.

    Last September’s SDG Summit included consensus around an SDG Stimulus of at least $500 billion per year in financing for developing countries — and the need for global financial architecture reform.

    It highlighted key transitions to generate maximum progress — ending hunger, expanding renewable energy, digitalization, education, social protection and decent work, and ending the triple planetary crisis of climate change, pollution and biodiversity loss.

    It also underscored the vital importance of ensuring that women, girls and young people are at the decision-making table.   

    Today, you will hear from leaders about their countries’ progress across all these areas — leaders determined to make changes, even in the face of great odds.

    And we will celebrate some milestones at the global level.

    From reducing child mortality rates…to preventing new HIV infections…to increasing access to renewable energy and broadband …to greater gender parity across education systems.

    As we reflect on next steps, I urge focus on the three development drivers that can accelerate progress.

    The first is finance. 

    Crushing debt and inefficient tax systems are starving investments in health, education and food in many developing countries.

    The Pact for the Future includes support for the SDG Stimulus and global financial architecture reform to help ease the debt crisis of so many developing countries.

    This includes multiplying the lending capacity of Multilateral Development Banks to provide more resources for climate action and sustainable development, and changing their business model to leverage massive amounts of private finance.  

    As we look towards next year’s Summits on Social Development and Financing, I urge all countries to double down on these reform efforts.

    The second development driver is climate action.

    I urge countries to put forward ambitious national climate action plans that align with the 1.5 degree limit, and cover the whole economy and all sectors.

    This requires aligning national energy strategies with a 1.5-degree world, ending fossil fuel subsidies and putting a price on carbon.

    It is time for a rapid and just phase-out of fossil fuels, and a rapid and smart scale-up of renewables to drive sustainable development, energy security and economic prosperity.

    We must fairly and sustainably meet the global demand for critical minerals that can power the renewables revolution. And the Panel on Critical Energy Transition Minerals has provided recommendations to do this.

    Protecting development gains from climate upheaval is also critical.

    We need new and generous contributions to the Loss and Damage Fund.

    We need developed countries honouring their commitment to double adaptation funding by 2025.

    And we need governments to agree on a significant new climate finance goal at COP29, including new and innovative sources of finance.

    Le troisième facteur de développement, c’est la paix.

    Tous nos plans de développement sont rapidement anéantis par des conflits sans fin causant la mort, la destruction, la faim, les déplacements de populations et les violences basées sur le genre.

    Et les ressources dont nous avons tant besoin pour nourrir et éduquer nos enfants et construire une planète durable pour notre jeunesse sont gaspillées en dépenses militaires.

    Nous avons besoin de paix – à Gaza, en Ukraine, au Soudan, et partout ailleurs.

    J’appelle les dirigeants du monde entier à surmonter les divisions, à mettre fin aux conflits, et à investir dans l’avenir de leurs populations et dans la paix.

    Chers amis,

    Dans un monde de richesses exceptionnelles, de connaissances et de technologies sans précédent, nous n’avons aucune excuse.

    Il est temps de tenir les promesses du Programme 2030 – de mettre fin à la pauvreté, de protéger la planète, et de ne laisser personne de côté.  

    Gardons les Objectifs de développement durable en vie.

    Je vous remercie.

    ***
    [all-English]

    Excellencies, dear friends,

    The Sustainable Development Goals represent a bold vision: a commitment to a better, healthier, safer and more prosperous and sustainable future.   

    But the Goals are facing massive headwinds.

    More than 4 out of 5 SDG targets are off track.

    On top of the impacts from a global pandemic, many countries are being crushed by massive debt burdens, limited liquidity and sky-high borrowing costs.

    Conflicts, hunger, inequalities and the climate crisis are all intensifying.

    And the global financial architecture is not providing developing countries with sufficient financing and liquidity or to act as an effective safety net for all.

    The world has the wealth, the technology, and the know-how to achieve the SDGs.

    Last September’s SDG Summit included consensus around an SDG Stimulus of at least $500 billion per year in financing for developing countries — and the need for global financial architecture reform.

    It highlighted key transitions to generate maximum progress — ending hunger, expanding renewable energy, digitalization, education, social protection and decent work, and ending the triple planetary crisis of climate change, pollution and biodiversity loss.

    It also underscored the vital importance of ensuring that women, girls and young people are at the decision-making table.   

    Today, you will hear from leaders about their countries’ progress across all these areas — leaders determined to make changes, even in the face of great odds.

    And we will celebrate some milestones at the global level.

    From reducing child mortality rates…to preventing new HIV infections…to increasing access to renewable energy and broadband …to greater gender parity across education systems.

    As we reflect on next steps, I urge focus on the three development drivers that can accelerate progress.

    The first is finance. 

    Crushing debt and inefficient tax systems are starving investments in health, education and food in many developing countries.
       
    The Pact for the Future includes support for the SDG Stimulus and global financial architecture reform to help ease the debt crisis of so many developing countries.

    This includes multiplying the lending capacity of Multilateral Development Banks to provide more resources for climate action and sustainable development, and changing their business model to leverage massive amounts of private finance.  

    As we look towards next year’s Summits on Social Development and Financing, I urge all countries to double down on these reform efforts.

    The second development driver is climate action.

    I urge countries to put forward ambitious national climate action plans that align with the 1.5 degree limit, and cover the whole economy and all sectors.

    This requires aligning national energy strategies with a 1.5-degree world, ending fossil fuel subsidies and putting a price on carbon.

    It is time for a rapid and just phase-out of fossil fuels, and a rapid and smart scale-up of renewables to drive sustainable development, energy security and economic prosperity.

    We must fairly and sustainably meet the global demand for critical minerals that can power the renewables revolution. And the Panel on Critical Energy Transition Minerals has provided recommendations to do this.

    Protecting development gains from climate upheaval is also critical.

    We need new and generous contributions to the Loss and Damage Fund.

    We need developed countries honouring their commitment to double adaptation funding by 2025.

    And we need governments to agree on a significant new climate finance goal at COP29, including new and innovative sources of finance.

    And the third development driver is peace.

    All our development plans are quickly erased by relentless conflicts that cause death, destruction, hunger, displacement and gender-based violence.

    And the resources we desperately need to feed and educate our children and build a sustainable planet for our young people are wasted on military expenditures.

    We need peace — from Gaza to Ukraine to Sudan and beyond.

    I call on global leaders to heal divisions, end conflicts, and invest in people and peace.

    Dear friends,

    In our world of unprecedented wealth, knowledge and technologies, there is no excuse.

    It’s time to keep the promises of the 2030 Agenda for Sustainable Development to end poverty, protect the planet, and leave no one behind.  

    Let’s keep the SDG commitment alive.

    Thank you.

    ***
    [all-French]

    Excellences, Chers amis,

    Les objectifs de développement durable incarnent une vision audacieuse. Ils constituent un engagement en faveur d’un avenir meilleur, plus sain, plus sûr, plus prospère et plus durable.

    Mais les vents contraires sont nombreux.

    Nous sommes mal partis pour atteindre plus de quatre sur cinq de toutes les cibles associées aux objectifs de développement durable.

    Outre les conséquences d’une pandémie mondiale auxquelles ils doivent faire face, de nombreux pays sont écrasés par un endettement massif, des liquidités limitées et des coûts d’emprunt très élevés.

    Les conflits, la faim, les inégalités et la crise climatique s’intensifient.

    En outre, l’architecture financière mondiale ne permet pas aux pays en développement de pouvoir compter sur suffisamment de financements et de liquidités et ne leur offre pas un filet de sécurité efficace pour tous.

    Le monde a pourtant les richesses, les technologies et le savoir-faire qu’il faut pour atteindre les objectifs de développement durable.

    Au mois de septembre dernier, le Sommet sur les objectifs de développement durable a permis de dégager un consensus autour d’un plan de relance des objectifs de développement durable, prévoyant des financements d’au moins 500 milliards de dollars par an pour les pays en développement – et de s’accorder sur le fait qu’il est nécessaire de réformer l’architecture financière mondiale.

    L’accent a été mis sur les transitions clés qui permettront d’accomplir un maximum de progrès dans toute une série de domaines : élimination de la faim, développement des énergies renouvelables, numérisation, éducation, protection sociale et travail décent, ainsi que de mettre fin à la triple crise planétaire, à savoir les changements climatiques, la pollution et l’appauvrissement de la biodiversité.

    Il a également été souligné qu’il était crucial de veiller à ce que les femmes, les filles et les jeunes aient leur place à la table des décisions.

    Aujourd’hui, vous entendrez des dirigeants et dirigeantes parler des progrès réalisés par leur pays dans tous ces domaines. Ils sont déterminés à faire bouger les lignes, en dépit des difficultés énormes auxquelles ils heurtent.

    Et nous célébrerons des réussites phares à l’échelle planétaire : depuis la réduction des taux de mortalité infantile jusqu’à l’amélioration de la prévention des nouvelles infections par le VIH, en passant par l’élargissement de l’accès aux énergies renouvelables et de l’accès au haut débit et par l’amélioration de la parité entre les femmes et les hommes dans les systèmes éducatifs.

    Alors que nous réfléchissons aux prochaines étapes, je vous invite à vous concentrer sur les trois moteurs du développement qui pourraient permettre d’accélérer le rythme des progrès.

    Tout d’abord, les financements.

    Dans de nombreux pays en développement, les investissements dans les domaines de la santé, de l’éducation et de l’alimentation sont exsangues à cause du niveau écrasant de la dette et de l’inefficacité des systèmes fiscaux.

    Dans le Pacte pour l’avenir, il est prévu d’appuyer le plan de relance des objectifs de développement durable et la réforme de l’architecture financière mondiale afin d’atténuer la crise de la dette que traversent de trop nombreux pays en développement.

    Il s’agit notamment de multiplier la capacité de prêt des banques multilatérales de développement afin de dégager davantage de ressources pour l’action climatique et le développement durable, et de modifier leur modèle de fonctionnement afin de mobiliser en masse des financements privés.

    Les Sommets sur le développement social et le financement auront lieu l’an prochain, et j’invite tous les pays à redoubler d’efforts pour faire avancer la réforme dans cette perspective.

    Le deuxième moteur du développement, c’est l’action climatique.

    J’invite les pays à adopter des plans d’action nationaux pour le climat qui soient ambitieux, en ne dépassant pas la limite des 1,5 degré, et en couvrant l’ensemble de l’économie et tous les secteurs.

    Il faudra pour cela aligner les stratégies énergétiques nationales sur l’objectif d’une élévation de la température mondiale ne dépassant pas les 1,5 degré, mettre fin aux subventions aux combustibles fossiles et fixer un prix pour le carbone.

    L’heure est venue d’éliminer progressivement mais rapidement les combustibles fossiles, au terme d’une transition équitable, et d’augmenter rapidement, avec discernement, les énergies renouvelables pour favoriser le développement durable, la sécurité énergétique et la prospérité économique.

    Nous devons répondre d’une manière juste et durable à la demande mondiale en minéraux essentiels, qui ont le potentiel de porter la révolution des énergies renouvelables. Et le Groupe chargé de la question des minéraux essentiels à la transition énergétique a formulé des recommandations à cette fin.

    Il est également essentiel de protéger les acquis du développement face aux bouleversements climatiques.

    Il faut par ailleurs que de nouvelles et généreuses contributions soient versées au Fonds pour les pertes et les préjudices.

    Les pays développés doivent honorer l’engagement qu’ils ont pris de doubler le financement de l’adaptation d’ici à 2025.

    Et il faut que les gouvernements se mettent d’accord sur un nouvel objectif ambitieux en ce qui concerne le financement de l’action climatique lors de la vingt-neuvième session de la Conférence des Parties à la Convention-cadre des Nations Unies sur les changements climatiques, y compris au sujet des sources de financement nouvelles ou novatrices.

    Le troisième facteur de développement, c’est la paix.

    Tous nos plans de développement sont rapidement anéantis par des conflits sans fin causant la mort, la destruction, la faim, les déplacements de populations et les violences basées sur le genre.

    Et les ressources dont nous avons tant besoin pour nourrir et éduquer nos enfants et construire une planète durable pour notre jeunesse sont gaspillées en dépenses militaires.

    Nous avons besoin de paix – à Gaza, en Ukraine, au Soudan, et partout ailleurs.

    J’appelle les dirigeants du monde entier à surmonter les divisions, à mettre fin aux conflits, et à investir dans l’avenir de leurs populations et dans la paix.

    Chers amis,

    Dans un monde de richesses exceptionnelles, de connaissances et de technologies sans précédent, nous n’avons aucune excuse.

    Il est temps de tenir les promesses du Programme 2030 – de mettre fin à la pauvreté, de protéger la planète, et de ne laisser personne de côté.

    Gardons les objectifs de développement durable en vie.

    Je vous remercie.
    ***

    MIL OSI Africa

  • MIL-OSI Europe: G7 DFIs, MedAccess, EIB, and IFC Announce MoU for Surge Financing Initiative for Medical Countermeasures

    Source: European Investment Bank

    Today, participating G7 development finance institutions (DFIs), MedAccess, the European Investment Bank (EIB), and the International Finance Corporation (IFC) announced the signing of a memorandum of understanding (MoU) for the Surge Financing Initiative for Medical Countermeasures (MCMs). These DFIs are working closely with global and regional health organizations to establish the collaboration frameworks and innovative financing mechanisms needed to support a rapid and equitable pandemic response. Building on lessons from the COVID-19 pandemic, the initiative will focus on the procurement, production, and distribution of vaccines, therapeutics, diagnostics, and other MCMs for low- and lower-middle-income countries. The MoU builds on the Joint Statement of Collaboration announced at UNGA last year as well as the Chair Summary and Report that outlined collaboration and innovating financing options. This effort is a joint collaboration between participating G7 DFIs, MedAccess, EIB, and IFC, in accord with G7 Hiroshima Vision for Equitable Access to Medical Countermeasures launched at the 2023 Hiroshima Summit and reaffirmed at the 2024 Apulia Summit.

    The MoU was signed by the U.S. International Development Finance Corporation (DFC, USA), Cassa Depositi e Prestiti (CDP, Italy), British International Investment & MedAccess (UK), KfW & Germany’s Development Finance Institution DEG (Germany), AFD & Proparco (France), JICA (Japan), EIB (European Union), and IFC (World Bank Group). The MoU also has support from the Government of Canada and leading global and regional health organizations.  

    This work builds on ongoing collaboration across many DFIs on regional manufacturing in Africa. The ongoing Mpox public health emergency underscores the importance of this collaboration and need for surge financing. Leveraging this initiative, DFIs met with leading global health organizations including the World Health Organization, Africa Centres for Disease Control and Prevention (Africa CDC), Gavi, and the Coalition for Epidemic Preparedness Innovations (CEPI) on August 22, soon after Mpox was declared a public health emergency of international concern, to discuss response efforts and financing needs.

    “DFC is proud to support this first-of-its kind framework to ensure DFIs can act swiftly and cohesively to provide surge financing for life-saving products at the start of a health emergency. We expect to leverage this initiative for the Mpox response, working closely with our U.S. Government, development finance, and health partners More broadly, DFC’s investments in health services, supply chains, and technology all help bolster pandemic preparedness and health system resilience.” said DFC DCEO Nisha Biswal.

    “JICA believes this surge financing initiative will enhance coordination among development finance institutions and health organizations to achieve our commitment to work towards equitable access to safe, effective, quality-assured and affordable MCMs for health emergencies, which Japan announced as Chair of the 2023 G7 Summit in Hiroshima.   Leveraging this initiative and JICA’s own lessons learned from the COVID-19 pandemic, we will continue to support countries that have suffered from inequitable access to MCMs in the past,” said Chief Representative of JICA USA Office Satoko Tanaka.

    “IFC is proud to participate in this innovative framework to support medical countermeasure financing mechanisms, an important step for responding more effectively to future health crises. Collaboration between development finance institutions and global health partners is key to ensure coordinated efforts that strengthen healthcare systems and supply chains, enhancing pandemic preparedness.” said Vice President of Industries Mohamed Gouled.

    “DEG and KfW are committed to the UN Sustainable Development Goals, one of which is improving healthcare”, said Member of the DEG Management Board Monika Beck. “Therefore, we are delighted to support this initiative to provide financing for healthcare products during health emergencies, together with our trusted development finance partner institutions. We are convinced that it is essential to join forces to support improved access to critical health products when they are in short supply.”

    “Sustainable development is linked to equitable and rightful access to health and well-being. As CDP, we strongly support this initiative, which has been mentioned in the G7 Leaders’ final declaration last June at the Apulia Summit, that will foster the development of health systems across emerging economies, ensuring the foundation is laid for research, production, and distribution of essential medicines, diagnostic equipment, and vaccines. The COVID-19 pandemic underscored the critical need for every nation to be equipped with the tools to safeguard public health in times of crisis. Achieving the 2030 UN SDGs will require robust global collaboration, and we are proud to partner with G7 DFIs, the European Investment Bank, and the International Finance Corporation to help make this vision a reality.” said CDP Director of International Development Cooperation Paolo Lombardo.

    “The COVID-19 pandemic showed us the value of working together but also the need to coordinate our actions more closely,” said EIB Vice President Thomas Östros. “With joint efforts, we can multiply our impact and effectiveness, especially in meeting current challenges such as Mpox and in tackling future health emergencies. At the EIB, global health is a key priority, and we highly value this partnership.”

    “The MoU is an important step towards strengthening global health security and reducing the impact of future pandemics on vulnerable populations. This furthers our commitment, as the UK’s DFI, to invest in businesses that provide essential health services and products, including vaccines. It will ensure that future health crises can be mitigated to allow continued economic growth and social progress in low- and middle-income countries, said BII Chair Diana Layfield.

    “When critical health products are in short supply, fast and flexible capital can make the difference between life and death,“ said CEO of MedAccess Michael Anderson. “The COVID-19 pandemic showed how quickly global supply chains can grind to a halt when overwhelming demand meets scarce supply. This led to inequitable distribution of medical products, leaving millions of people at risk from the disease. Today’s announcement underlines our shared commitment to being prepared for future pandemics with the capital and financial tools to enable companies to meet large-scale, urgent demand for lifesaving products.”

    “A lesson learned from the COVID-19 crisis is that it is possible to mobilize significant public and private financial resources in turbulent times. Let’s use this experience of successful mobilization to anticipate effective pandemic preparedness. I believe this Memorandum of Understanding is one of the necessary steps towards better coordination among Public Development Banks to mobilize the private sector and demonstrates the catalytic power of joining forces for innovative financial instruments, as explored by Finance in Common and its Social Investment Coalition. Health is a common good, no one should be left behind in the face of a pandemic,” said Rémy Rioux, CEO of AFD Group (AFD, Proparco, and Expertise France) and Chairman of Finance in Common Summit in Paris.

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It finances sound investment contributing to EU policy goals. The EIB’s activities focus on the following priority areas: climate and environment, development, innovation and skills, small and medium-sized businesses, infrastructure, and cohesion. The EIB works closely with other institutions and has provided total financing of more than € 42 billion for healthcare-related projects around the world since it started investing in the sector in 1997.  

    The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights. 

    MIL OSI Europe News

  • MIL-OSI Europe: Ukraine: EIB provides €50 million to help Kyiv replace Russian-made metro coaches with a modern fleet

    Source: European Investment Bank

    EIB

    • The EIB and Kyiv have signed a €50 million agreement to modernise the city’s metro rolling stock with energy-efficient coaches.
    • The investment will help the Kyiv metro end its dependence on Russian-made spare parts, ensuring more resilient and reliable transport – essential for keeping the capital moving for both business operations and residents in their daily lives.
    • The €50 million, supported by the EIB’s EU for Ukraine Fund, is part of a larger €200 million loan package approved by the EIB and available to Kyiv for metro infrastructure upgrades.

    The European Investment Bank (EIB) and the city of Kyiv have signed a €50 million loan agreement to finance the purchase of new metro coaches. This initiative aims to modernise Kyiv’s metro fleet and provide reliable transport for millions of the capital’s residents. The agreement was signed today at EIB headquarters in Luxembourg during a visit by a delegation from the Kyiv City State Administration.

    Before the war, 80% of Kyiv’s metro fleet came from Russian manufacturers, making ending this reliance a strategic priority. With over 60% of the fleet past its operational life, the new funding will allow outdated coaches to be replaced with modern, energy-efficient alternatives from local or international suppliers. This aligns with the Kyiv City Development Strategy 2025 and Ukraine’s National Transport Strategy 2030, aimed at building a more sustainable and reliable public transport system.

    The €50 million, supported by the EIB’s EU for Ukraine Fund, represents the first tranche of a €200 million loan made available by the Bank, with this initial amount being provided exclusively for the purchase of new metro coaches for Kyiv. The remaining €150 million will be provided following an EIB-funded feasibility study on the viability of buying further new coaches versus modernising some of the existing fleet. The total funding will enable Kyivskyi Metropoliten, the municipal enterprise that operates the Kyiv metro system, to upgrade or replace between 120 and 160 metro coaches, enhancing the city’s transport infrastructure.

    Mykola Povoroznyk, First Deputy Head of Kyiv City State Administration, said, “In the midst of this large-scale invasion, Kyiv continues to develop. All areas of the city’s economy have been reconfigured to work in wartime conditions. This is not only about ensuring stable operation, but also about spurring development with modern technology. Foreign donors also take an active role here. The EIB is a long-standing, reliable partner of Kyiv. The project to modernise the capital’s metro rolling stock is important for our city, and we are very grateful to the EIB for supporting its implementation. The Kyiv metro is one of the most popular modes of transport in the capital. Millions of passengers use it every day. That is why, first and foremost, the purchase of modern, energy-efficient metro coaches means making passenger transport safer, and making better use of funds from the Kyiv city budget for rolling stock. It’s an urgent and high-priority issue today, taking into account the war conditions in Ukraine.”

    EIB Vice-President Teresa Czerwińska, who is in charge of Bank’s operations in Ukraine, said, “The EIB is steadfast in its commitment to supporting Kyiv and cities throughout Ukraine as they modernise their infrastructure, particularly in the face of ongoing wartime challenges. The Kyiv metro is a critical transportation lifeline, and this investment will greatly improve its reliability and resilience. By reducing reliance on Russian-manufactured rolling stock, spare parts and maintenance equipment, this collaboration marks an essential step toward enhancing Ukraine’s independence and aligning its transport systems with European standards. Reliable connectivity is vital for the economic growth and the well-being of the city’s residents.”

    The EIB’s continuing support for Kyiv and Ukraine

    The EIB remains committed to its long-standing relationship with the Kyiv authorities and is working closely on urban transport projects supported by EIB loans. These initiatives aim to improve the capital’s public transport fleet, having already delivered 20 new low-floor trams to Kyiv, with additional modern buses, funicular carriages and metro coaches forthcoming.

    Since the onset of Russia’s war in Ukraine, the EIB has provided more than €2 billion of financing for emergency repairs to the country’s ravaged infrastructure. Through its EU for Ukraine (EU4U) Initiative, coupled with its key role in implementing the European Union’s €50 billion Ukraine Facility, the EIB is strongly committed to stepping up its activities in line with the mandate given by EU leaders and in close cooperation with the European Commission, the European Parliament, EU Member States and international partners.

    Background information 

    EIB Global is the EIB Group’s new specialised arm devoted to increasing the impact of international partnerships and development finance outside the European Union. It is designed to foster strong, focused partnership within Team Europe and as part of the EU Global Gateway strategy, alongside fellow development finance institutions and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices around the world

    The EU for Ukraine Fund (EU4U) was established in 2023 as part of a larger EU for Ukraine initiative. The fund aims to accelerate the support of EIB Global for Ukraine’s most urgent infrastructure needs and to help sustain the country’s economy. It supports critical recovery and reconstruction projects involving both the public and the private sectors and improves access to finance for entrepreneurs in Ukraine. To date, the fund has secured over €420 million in pledges from the Member States.

    MIL OSI Europe News

  • MIL-OSI Europe: European Union and Bill & Melinda Gates Foundation partner to expand contraceptive and health access for women in low- and middle-income countries.

    Source: European Investment Bank

    Today, on the sidelines of the UN General Assembly in New York, the European Union (EU) and the Bill & Melinda Gates Foundation announced they are developing new financing mechanisms to accelerate access to health products, including safe, effective and affordable contraceptive and maternal health medicines. These will allow more women living in low- and middle-income countries (LMICs) to better meet their needs.

    The announcement followed a meeting between Nadia Calvino, President of the European Investment Bank (EIB), Jutta Urpilainen, European Commissioner for International Partnerships and Bill Gates, co-chair of the Bill & Melinda Gates Foundation.

    One new mechanism under discussion is with the United Nations Population Fund (UNFPA), the UN’s sexual and reproductive health agency. This mechanism is expected to help reduce costs and address barriers so that more women can benefit from contraception and maternal health medicines. This will enable women to plan their families, leading to healthier women and children, as well as empowering local communities and economies. Access to safe, voluntary, family planning is a human right, which helps to lower maternal ill-health and the number of pregnancy-related deaths.

    Currently, UNFPA works with national governments to support low- and middle-income countries to access contraceptives and maternal health medicines but can only place orders to support national plans once they have contributions in the bank. This is despite more than 60% of donation commitments being multi-year. The new mechanism will be designed to frontload multi-year donor commitments, and enable advanced planning, visibility and commitments to low- and middle-income countries. It will enable broader and more sustainable access to family planning products for women.

    This financing mechanism is envisioned to be led by the EIB, backed by the European Commission. It will be supported by funding from the Bill & Melinda Gates Foundation to the UNFPA Supplies Partnership, to be delivered over five years.

    In addition, the EIB and the European Commission are developing new financial guarantees of up to €170m for gender and human development which will stipulate a certain volume of new products to be taken to market, incentivising investment to manufacture life-saving products at scale. This forms part of a broader partnership between the European Commission, European Investment Bank and the Bill & Melinda Gates Foundation to accelerate investments to improve health and nutrition in low- and middle-income countries, including through the Human Development Accelerator (HDX), a Global Gateway initiative.

    Globally, more than 257 million women and girls who want to avoid pregnancy are not using a modern contraceptive method[1]. Without additional resources, there could be a $1.5B funding gap by 2030 for contraceptive products in low- and middle-income countries. Currently, over 40% of low- and middle-income countries report that more than 4 in 10 service delivery points had stockouts, and countries face long waiting times for deliveries.

    “Every woman, everywhere, should have the right to plan a family, pursue an education, and follow her dreams,” said EIB President Nadia Calviño. “Safe and affordable contraception makes this possible.  We are proud to partner with the United Nations Population Fund, the European Commission and the Gates Foundation to reduce costs and barriers for women and make sure they are in the driving seat of their own lives.”

    Jutta Urpilainen, European Commissioner for International Partnerships, said: “Promoting gender equality is at the core of the EU’s external action. We are proud to invest in sexual and reproductive health products and services that empower women to reach their full potential, and contribute to building inclusive, prosperous communities.”

    Bill Gates, co-chair of the Bill & Melinda Gates Foundation, said, “Far too often, women in low- and middle-income countries don’t have the contraceptive choices they want, and there’s not enough being done to close that gap. The European Institutions’ leadership will make a huge difference in the lives of women and in the health of entire communities and countries—because when women can control their health and financial futures, everyone benefits.”

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It is active in more than 160 countries and makes long-term finance available for sound investment in order to contribute towards EU policy goals.

    EIB Global is the EIB Group’s specialised arm dedicated to increasing the impact of international partnerships and development finance.  EIB Global is designed to foster strong, focused partnership within Team Europe, alongside fellow development finance institutions, and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices across the world

    Global Gateway

    Global Gateway is the European Union‘s initiative to unlock investments and boost global connectivity through sustainable infrastructure projects. Launched in 2021, it seeks to mobilise up to €300 billion by 2027 to finance programmes in strategic sectors such as digital technology, climate and energy, transport, health, education, and research. The initiative emphasises a values-driven approach, promoting environmental sustainability, social inclusion, and democratic governance while strengthening trade and development ties with partner countries.

    Bill & Melinda Gates Foundation

    Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of co-chairs Bill Gates and Melinda French Gates and the board of trustees.


    [1] https://www.unfpa.org/swp2022/challenges

    MIL OSI Europe News

  • MIL-OSI Europe: European Union and Bill & Melinda Gates Foundation partner to expand contraceptive and health access for women in low- and middle-income countries.

    Source: European Investment Bank

    Today, on the sidelines of the UN General Assembly in New York, the European Union (EU) and the Bill & Melinda Gates Foundation announced they are developing new financing mechanisms to accelerate access to health products, including safe, effective and affordable contraceptive and maternal health medicines. These will allow more women living in low- and middle-income countries (LMICs) to better meet their needs.

    The announcement followed a meeting between Nadia Calvino, President of the European Investment Bank (EIB), Jutta Urpilainen, European Commissioner for International Partnerships and Bill Gates, co-chair of the Bill & Melinda Gates Foundation.

    One new mechanism under discussion is with the United Nations Population Fund (UNFPA), the UN’s sexual and reproductive health agency. This mechanism is expected to help reduce costs and address barriers so that more women can benefit from contraception and maternal health medicines. This will enable women to plan their families, leading to healthier women and children, as well as empowering local communities and economies. Access to safe, voluntary, family planning is a human right, which helps to lower maternal ill-health and the number of pregnancy-related deaths.

    Currently, UNFPA works with national governments to support low- and middle-income countries to access contraceptives and maternal health medicines but can only place orders to support national plans once they have contributions in the bank. This is despite more than 60% of donation commitments being multi-year. The new mechanism will be designed to frontload multi-year donor commitments, and enable advanced planning, visibility and commitments to low- and middle-income countries. It will enable broader and more sustainable access to family planning products for women.

    This financing mechanism is envisioned to be led by the EIB, backed by the European Commission. It will be supported by funding from the Bill & Melinda Gates Foundation to the UNFPA Supplies Partnership, to be delivered over five years.

    In addition, the EIB and the European Commission are developing new financial guarantees of up to €170m for gender and human development which will stipulate a certain volume of new products to be taken to market, incentivising investment to manufacture life-saving products at scale. This forms part of a broader partnership between the European Commission, European Investment Bank and the Bill & Melinda Gates Foundation to accelerate investments to improve health and nutrition in low- and middle-income countries, including through the Human Development Accelerator (HDX), a Global Gateway initiative.

    Globally, more than 257 million women and girls who want to avoid pregnancy are not using a modern contraceptive method[1]. Without additional resources, there could be a $1.5B funding gap by 2030 for contraceptive products in low- and middle-income countries. Currently, over 40% of low- and middle-income countries report that more than 4 in 10 service delivery points had stockouts, and countries face long waiting times for deliveries.

    “Every woman, everywhere, should have the right to plan a family, pursue an education, and follow her dreams,” said EIB President Nadia Calviño. “Safe and affordable contraception makes this possible.  We are proud to partner with the United Nations Population Fund, the European Commission and the Gates Foundation to reduce costs and barriers for women and make sure they are in the driving seat of their own lives.”

    Jutta Urpilainen, European Commissioner for International Partnerships, said: “Promoting gender equality is at the core of the EU’s external action. We are proud to invest in sexual and reproductive health products and services that empower women to reach their full potential, and contribute to building inclusive, prosperous communities.”

    Bill Gates, co-chair of the Bill & Melinda Gates Foundation, said, “Far too often, women in low- and middle-income countries don’t have the contraceptive choices they want, and there’s not enough being done to close that gap. The European Institutions’ leadership will make a huge difference in the lives of women and in the health of entire communities and countries—because when women can control their health and financial futures, everyone benefits.”

    Background information

    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It is active in more than 160 countries and makes long-term finance available for sound investment in order to contribute towards EU policy goals.

    EIB Global is the EIB Group’s specialised arm dedicated to increasing the impact of international partnerships and development finance.  EIB Global is designed to foster strong, focused partnership within Team Europe, alongside fellow development finance institutions, and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices across the world

    Global Gateway

    Global Gateway is the European Union‘s initiative to unlock investments and boost global connectivity through sustainable infrastructure projects. Launched in 2021, it seeks to mobilise up to €300 billion by 2027 to finance programmes in strategic sectors such as digital technology, climate and energy, transport, health, education, and research. The initiative emphasises a values-driven approach, promoting environmental sustainability, social inclusion, and democratic governance while strengthening trade and development ties with partner countries.

    Bill & Melinda Gates Foundation

    Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of co-chairs Bill Gates and Melinda French Gates and the board of trustees.


    [1] https://www.unfpa.org/swp2022/challenges

    MIL OSI Europe News