Category: housing

  • MIL-OSI Security: Jury Finds Man Guilty of Strangulation in Southeast Washington

    Source: Office of United States Attorneys

                WASHINGTON – Desmond Fletcher, 37, of Capitol Heights, Maryland, has been found guilty by a jury of one count of felony strangulation and two counts of misdemeanor assault for charges that took place in southeast Washington, D.C., on September 4, 2023, announced U.S. Attorney Edward R. Martin, Jr. and Chief Pamela Smith of the Metropolitan Police Department.

                The verdict was returned on March 24, 2025, following a trial in the Superior Court of the District of Columbia. The Honorable Judith Pipe scheduled sentencing for June 13, 2025.

                According to the government’s evidence, in the early morning hours of September 4, 2023, Fletcher came to the home of the victim, a woman he had been seeing romantically. Once inside, the defendant confronted the victim, following her from room to room, as he strangled and assaulter her, causing her to black-out and urinate. The victim’s minor daughter was also home at the time of the assault. The victim ultimately ran to a next-door neighbor and asked her to call 911.

                Strangulation is widely recognized as one of the most lethal forms of intimate partner violence. A major strangulation study in San Diego, which is frequently cited, found: “Many victims suffer internal injuries, including permanent brain damage. Signs and symptoms do exist and can be documented even without visible injury… Most abusers do not strangle to kill. They strangle to show they can kill.  Victims often suffer major long-term emotional and physical impacts. Surviving victims are much more likely to die later if their abuser has strangled them.” The study also noted that “…..the odds of becoming a victim of attempted homicide increased by 700%, and the odds of becoming a homicide victim increased by 800%, among women who had been strangled by their partner.”

                In announcing the verdict, U.S. Attorney Martin and Chief Smith commended the work of those who investigated the case from the Metropolitan Police Department. They acknowledged the efforts of those who worked on the case from the U.S. Attorney’s Office. Finally, they commended the work of Assistant U.S. Attorneys, Trisha Jhunjhnuwala and Sarah Roessler, from the Domestic Violence Felony Unit of the Sex Offense and Domestic Violence Section of the Superior Court Division, who investigated and prosecuted the case.

    MIL Security OSI

  • MIL-OSI USA: Luján Statement on New Nonpartisan Government Data Exposing How the Republican Budget Plan Will Explode Debt and Deficit for Decades

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján

    Washington, D.C. – U.S. Senator Ben Ray Luján (D-N.M.), a member of the Senate Budget Committee, issued the following statement after the nonpartisan Congressional Budget Office (CBO) published 10- and 30-year projections of the debt and deficit if Congressional Republicans permanently enact the Trump Tax Scam:

    “Congressional Republicans are once again attempting to pass a partisan budget that will fund the Trump Tax Scam 2.0 by ripping away health care, taking food off the table, and making it harder to get a quality education – all to give a tax handout to the wealthiest Americans and corporations.

    “This nonpartisan analysis from the CBO makes it clear that if Congressional Republicans move forward with this budget, the debt will skyrocket, the deficit will explode, and working Americans will be left to pay the price. Make no mistake, Congressional Republicans are pushing this partisan budget to fund their latest tax scam on the backs of hardworking Americans with no regard for the devastating impacts it will have on our nation’s economy now and into the future.”

    CBO projects that under the Republicans’ budget plan, the national debt will expand by $4.6 trillion over the next 10 years. A second round of the Trump Tax Scam – which Republicans are trying to claim is cost-free by using a “current policy baseline” – a gimmick that will increase the national debt to 214 percent of GDP by 2054. The CBO highlights a few points that would be detrimental to the nation’s economy if Republicans continue down this path:

    • A new round of the Trump Tax Scam will increase the primary (non-interest) deficit by $4 trillion. A previous CBO estimate found they would cost $4.6 trillion with interest.
    • By 2054, extending the Trump tax giveaways would increase debt to 214 percent of GDP, growing almost twice as fast as under current law. The extension would be responsible for adding almost 30 percent to the national debt.
    • A new round of the Trump Tax Scam would mean that long-term economic growth would be slower, and interest rates would be higher, making it harder for businesses to start or to grow and Americans to afford buying a home or a car.

    The CBO report can be found HERE.

    MIL OSI USA News

  • MIL-OSI USA: Luján, Scott Reintroduce Legislation to Support Treatment of Pregnant and Postpartum Women

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján

    Washington, D.C. – Today, U.S. Senators Ben Ray Luján (D-N.M.) and Tim Scott (R-S.C.) announced the reintroduction of the Pregnant and Postpartum Women (PPW) Treatment Reauthorization Act to reauthorize residential treatment programs for pregnant and postpartum women who have a substance use disorder.

    Drug overdose deaths involving synthetic opioids like fentanyl reached record highs in 2020 and 2021, with pregnant women experiencing more overdoses than ever before. The PPW Treatment Reauthorization Act addresses this health crisis by authorizing funding to enhance comprehensive substance use disorder (SUD) treatment services, recovery support services, and harm reduction interventions supported by the federal Center for Substance Abuse Treatment.

    “I’m proud to reintroduce bipartisan legislation that strengthens resources for pregnant and postpartum women, supports families, and tackles health disparities in reproductive care,” said Senator Luján. “Substance use disorder continues to significantly impact New Mexico, and this legislation will help address the issue by reauthorizing funding to ensure that all communities have access to the necessary resources for preventing health complications and treating substance use disorders.”

    “By extending and strengthening these essential programs, we are ensuring pregnant and postpartum women are receiving the support and care they need to navigate substance use disorders and mental health challenges,” said Senator Scott. “I’m proud to lead legislation that helps to build a future where every mother and child can thrive.”

    Full text of the bill is available HERE.

    MIL OSI USA News

  • MIL-OSI Canada: Permanent supportive, complex-care homes planned for Kamloops

    Source: Government of Canada regional news

    People living with complex mental-health and substance-use challenges in Kamloops will soon have access to robust health and social supports in housing, with 20 new complex-care homes planned for the community.

    “This project is part of our work to make communities safer for everyone by delivering real solutions to address the complex challenges people face,” said Ravi Kahlon, Minister of Housing and Municipal Affairs. “By providing a safe place to live with enhanced supports, individuals facing complex challenges can find a pathway to hope and healing.”

    The Province, through BC Housing, is proposing to build the 20 complex-care homes on a subdivided portion of a 5.5-hectare (13.5 acres) lot in the Columbia Precinct area of Kamloops. BC Housing will be partnering with a housing provider to operate the site, at 1100 Glenfair Dr., as well as Interior Health, which will provide health services to complex-care clients. The operator, not yet selected, will bring proven experience in providing support for residents and being a point of contact for neighbours. Staff will work with residents and the surrounding community on an ongoing basis to address any concerns.

    “People living with substance-use challenges are often experiencing multiple concurrent challenges such as homelessness, health and mental-health conditions, which pose significant barriers to accessing the treatment they need,” said Josie Osborne, Minister of Health. “The new Kamloops complex-care housing project will provide comprehensive care and supports for people and will help many community members get the support they need to lead healthier lives.”

    Complex-care housing provides voluntary housing and support services to people with significant health needs, including mental-health or substance-use challenges and other health issues, such as brain injuries or mobility challenges. Teams of professionals will work with residents to provide the supports needed to maintain stable housing and improve their quality of life. A non-profit operator will manage the building and provide support services. Interior Health staff will provide and connect tenants to the health services they need.

    “These new homes will provide much-needed support for some of our most vulnerable residents, ensuring they have access to the care and stability they need,” said Margot Middleton, deputy mayor of Kamloops. “This project is an important step toward building a healthier, more inclusive community for everyone in Kamloops.”

    Before construction can begin on a new three-storey building, one of the nine aging buildings requires demolition. BC Housing is working with its partners to develop individualized relocation plans based on personal housing needs for each of the 21 current tenants to ensure no one is displaced. Moving expenses will be covered by BC Housing.

    “With dedicated health and social services in place, we’ve seen and experienced how complex-care housing supports people in communities,” said Susan Brown, president and CEO, Interior Health. “This expansion of purpose-built housing will enable us to meet the diverse needs of some of our most vulnerable community members in Kamloops.”

    This site was selected for complex-care housing because of its proximity to health services, transit, shops and other amenities in the area.

    Quick Facts:

    • The project will be funded through the Province’s Complex-Care Housing Program, announced in Budget 2022.
    • BC Housing continues to work toward replacing the aging housing units at 1100 Glenfair in Kamloops with approximately 340 new, high-quality affordable homes for seniors.
    • This complex-care housing project is one of several projects in the Columbia Precinct that will expand the housing options available to people in Kamloops.
    • Once complete, the complex-care housing will be a separate property from the year-round seniors shelter planned for 1055 Glenfair Dr. in Kamloops, which is in the planning stages.
    • The new complex-care building will be separated with fencing, separate entrances and exits.
    • Construction is expected to begin in 2026, pending approvals.

    Learn More:

    For more information on the complex-care housing project, visit the Let’s Talk Housing page here: https://letstalkhousingbc.ca/kamloops-complex-care-housing

    To learn more about government’s new Homes for People action plan, visit: https://news.gov.bc.ca/releases/2023HOUS0019-000436

    To learn about the steps the Province is taking to tackle the housing crisis and deliver affordable homes for British Columbians, visit: https://strongerbc.gov.bc.ca/housing/

    A map showing the location of all announced provincially funded housing projects in B.C. is available online: Homes for BC – Map of Building Projects Across BC | BC Housing (bchousing.org)

    Join BC Housing to listen and learn from people in British Columbia who are creating inclusive housing communities. Subscribe to BC Housing’s podcast, Let’s Talk Housing on:

    MIL OSI Canada News

  • MIL-OSI Security: ICE, Law Enforcement Partners Arrest 370 Alien Offenders During Enhanced Operation in Massachusetts

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

    BOSTON — U.S. Immigration and Customs Enforcement and federal law enforcement partners apprehended 370 illegal aliens in Massachusetts during an enhanced targeted enforcement operation focusing on transnational organized crime, gangs, and egregious illegal alien offenders March 18-23.

    “The Commonwealth is a safer place for our residents to live and work because ICE and our federal law enforcement partners arrested hundreds of alien offenders and removed them from the streets of Massachusetts,” said ICE Enforcement and Removal Operations Boston acting Field Office Director Patricia H. Hyde. “Throughout this enhanced enforcement operation, we targeted the most dangerous alien offenders in some of the most crime-infested neighborhoods in and around Boston. Our efforts resulted in 370 arrests throughout the commonwealth. ICE and our federal law enforcement partners are committed to protecting the homeland through the eradication of transnational criminal organizations, dismantling dangerous criminal gangs preying on the American public, locating and arresting criminal alien offenders, and making our communities a safer place to live.”

    During the six-day enhanced operation, ICE and federal law enforcement partners targeted egregious criminal alien offenders including transnational criminal organizations known to operate in and around Boston and throughout Massachusetts. These organizations include the notorious MS-13, Tren de Aragua, Trinitarios, and 18th Street gangs.

    “This week’s enhanced enforcement operations with our partners from the FBI, DEA, ATF, DSS and CBP prove that we are taking a whole of government approach to protecting our communities from foreign nationals involved in transnational gangs, drug traffickers, child predators, violent criminals and dangerous individuals living in New England,” said ICE Homeland Security Investigations New England Special Agent in Charge Michael J. Krol. “ICE will use every resource and authority we have to prioritize the safety and security of our communities.”

    “Everyone should agree that we cannot and will not tolerate individuals who not only violate our immigration laws but then commit crimes that endanger our communities. Those who enter and remain in this country unlawfully are breaking the law,” said U.S. Attorney for the District of Massachusetts Leah B. Foley. “My office remains committed to working alongside our law enforcement partners to ensure that dangerous individuals are identified, prosecuted, and removed, so that the people of Massachusetts can live and work in safe and secure communities.”

    205 of those arrested had significant criminal convictions or charges. Six were foreign fugitives currently facing charges or convictions for murder, drug trafficking, organized crime, and money laundering

    “Safeguarding the integrity of the immigration and citizenship process is critical. We simply can’t permit violent and dangerous criminals to enter or remain in the United States under false pretenses, with unknown allegiances and intentions. It’s a direct threat to public safety and our national security,” said Special Agent in Charge of the FBI Boston Division Jodi Cohen. “There’s no question our communities are safer today because of this enhanced, targeted operation. FBI Boston, like all our federal partners, will continue to support ICE with these efforts.”

    Law enforcement officials seized approximately 44 kilograms of methamphetamines, 5 kilograms of fentanyl, 1.2 kilograms of cocaine, three firearms and ammunition from illegal alien offenders during the operation.

    “DEA is proud to have worked with our federal partners in this successful enforcement effort using all of the resources of the federal government to remove violent criminal aliens from our communities, said DEA New England Field Division acting Special Agent in Charge Stephen Belleau. “DEA has prioritized investigations on those involving violent, illegal criminal aliens responsible for flooding our communities with deadly and dangerous drugs. DEA’s core mission is to keep the American public safe by seizing deadly and dangerous drugs before they get into our communities, and to bring justice to the criminals responsible for manufacturing, distributing, and supplying these drugs.”

    ICE and their federal law enforcement partners made many of the apprehensions after local jurisdictions refused to honor immigration detainer requests to turn over the offenders and instead chose to release aliens from custody, forcing officers and agents to make at-large arrests in Massachusetts communities.

    “The successful outcome of this immigration enforcement operation demonstrates the dedication and collaboration of our law enforcement partners,” said Special Agent in Charge of the ATF Boston Field Division James M. Ferguson. “By targeting individuals who pose a threat to public safety, we are reinforcing our commitment to protecting our communities and upholding the integrity of our nation’s immigration laws.”

    “The Diplomatic Security Service is fully committed to supporting the Administration’s priority to reduce illegal immigration and root out those who endeavor to exploit the U.S. travel system,” said Diplomatic Security Service Boston Field Office Special Agent in Charge Matthew O’Brien. “This enhanced operation definitively made our communities safer. DSS proudly coordinates with our U.S. and international law enforcement partners to conduct passport, visa fraud, and human trafficking investigations and assist in apprehending fugitives to protect the integrity of U.S. borders and prevent illegal immigration.”

    Among those arrested during the enhanced targeted operation include:

    • A Dominican alien who illegally re-entered the U.S. after removal charged with multiple drug distribution crimes, arrested in Boston.
    • A Dominican alien who illegally re-entered the U.S. after removal charged with trafficking fentanyl, arrested in Boston.
    • A Chilean alien convicted of 4 counts of indecent assault and battery on a child under 14 years old, arrested in Marlborough.
    • A Brazilian alien charged with manslaughter, homicide by a motor vehicle, homicide while under the influence of liquor, breaking and entering in the nighttime with intent to commit a crime, and larceny, arrested in Worcester.
    • A Honduran alien who illegally re-entered the U.S. after removal convicted of rape of a child, assault and battery of a person over 14 and failure to register as a sex offender, arrested in Salem.
    • A Brazilian alien wanted for murder and convicted for firearms trafficking in his native country, arrested in Milford.
    • A Brazilian alien wanted for homicide in in his home country, arrested in Lowell.
    • A Russian alien charged with unlawful possession of ammunition and wanted in his native country for armed robbery and membership in a criminal organization, arrested in Medford.
    • A Dominican alien wanted for homicide in his native country, arrested in Dorchester.
    • A Brazilian alien wanted in his native county for failure to serve a sentence after his convictions for homicide and illegal possession of a firearm arrested in Marlborough.
    • A Salvadoran alien previously deported from the U.S. and documented 18th Street gang member convicted of assault and battery and sentenced to two and a half years committed arrested in Wakefield.
    • A Guatemalan alien charged with rape and convicted of enticing a minor under the age of 16, released by the New Bedford District Court without the ICE detainer being honored, arrested in New Bedford.
    • A Jamaican alien previously deported from the U.S. convicted of possession with intent to distribute cocaine, armed robbery, possession of a firearm, and assault arrested in Pittsfield.
    • A Brazilian alien wanted for in his native country for drug trafficking, money laundering, membership in a criminal organization arrested in West Yarmouth.

    Partner law enforcement participating in the operation were the Boston offices of the FBI, DEA, U.S. Customs and Border Protection, ATF, U.S. Marshals Service and DSS, as well as the U.S. Attorney’s Office for the District of Massachusetts.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE’s mission to increase public safety in our communities on X: @EROBoston and @HSINewEngland.

    MIL Security OSI

  • MIL-OSI USA: Merkley, Risch, Wyden, Crapo Team Up for Bipartisan Bill to Boost Mass Timber Industry Nationwide

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    March 24, 2025

    International Mass Timber Conference Kicks off in Portland, Oregon

    Washington, D.C. – Oregon’s U.S. Senator Jeff Merkley and Idaho’s U.S. Senator James Risch today launched a renewed bipartisan effort to promote the use of mass timber in federal building projects and military construction.

    The bipartisan Mass Timber Federal Buildings Act—which is cosponsored by Oregon’s U.S. Senator Ron Wyden and Idaho’s U.S. Senator Mike Crapo—would incentivize the use of mass timber building materials by providing a preference in federal building contracts for mass timber products, giving mass timber companies the ability to compete for federal construction, renovation, or acquisition of public buildings and for military construction. The bill’s reintroduction coincides with the start of the International Mass Timber Conference—the largest gathering of mass timber experts in the world—in Portland this week.

    “Mass timber creates jobs in rural and urban communities, reduces wildfire risk, increases forest resiliency, and helps us shrink our carbon footprint,” said Merkley. “This expanding industry presents a huge opportunity for Oregon, and we must do all we can to harness its power for our economy and environment. By using mass timber in federal projects, our bipartisan effort around this critical industry will help tackle our nation’s biggest challenges while creating good-paying jobs in Oregon and across the Pacific Northwest.”

    “As a trained forester, I understand how important the timber industry is to Idaho communities, wildfire risk reduction, and forest management,” said Risch. “The Mass Timber Federal Buildings Act is commonsense legislation to benefit Idaho’s forests, create jobs, and increase economic growth.”

    “Mass timber has huge potential to generate jobs in Oregon, reduce carbon emissions, and build an innovative approach to combat the shortage of housing in Oregon and nationwide,” said Wyden. “This fresh use for timber also directly addresses the immediate threat of wildfires caused by the climate crisis. Simply put, the Mass Timber Federal Buildings Act adds up to a huge win for our state that helps protect Oregonians and boosts our timber economy.”

    “Idaho’s timber industry already provides a wealth of benefits in its resourcefulness across a number of critical projects in our state,” said Crapo. “Boosting demand for Idaho timber in the construction of federal buildings will harness the incredible work already done in our forests, and create new opportunities for Idaho companies, workers and products.”

    The bipartisan bill creates a two-tier contracting preference for mass timber and other innovative wood projects. The first-tier preference applies to mass timber that is made within the U.S. and responsibly sourced from state, federal, private, and Tribal forestlands. The optional second tier applies to mass timber products that are sourced from restoration practices, fire mitigation projects, and/or underserved forest owners. Additionally, this bill contains a reporting requirement for a whole building lifecycle assessment. The results of this assessment will help provide additional evidence of the carbon sequestration benefits of mass timber buildings.

    The Mass Timber Federal Buildings Act is endorsed by the American Wood Council, Sustainable Northwest, Forest Landowners Association, National Alliance of Forest Owners (NAFO), Weyerhaeuser, Freres Engineered Wood, Oregon Forest Industries Council, Composite Recycling Technology Center (CRTC), Oregon iSector, Washington Mass Timber Accelerator, Pacific Northwest Mass Timber Tech Hub, American Forest Resource Council, and Oregon Department of Forestry.

    “Mass timber and wood construction presents a real opportunity to grow our domestic manufacturing and sustain our rural communities in the process. The Mass Timber Federal Buildings Act is an important first step in expanding new markets for wood products, ensuring that the nation’s single biggest developer – the federal government – can help invest in this emerging technology. This is a win-win proposal: not only would the bill expand markets and support domestic manufacturing; it would also support active forest management, help reduce wildfire risk and create jobs in forestry, manufacturing and construction. We applaud Senators Merkley and Risch for their bipartisan leadership and support for forestry communities nationwide,” said Jackson Morrill, President and CEO of the American Wood Council.

    “Sustainable Northwest commends Senator Merkley and Senator Risch for introduction of the Mass Timber Federal Buildings Act. This practical legislation will spur use of innovative wood products in public buildings, support American manufacturing, and build critical markets for restoration of our nation’s forests,” said Dylan Kruse, President of Sustainable Northwest.

    “Private forest landowners, many from multi-generational family businesses, are the backbone of forest health in the U.S. But rising natural disasters and limited recovery tools threaten their ability to keep forests healthy and resilient. Expanding market access is critical to their success, and we thank Senator Merkley and Senator Risch for their leadership on the Mass Timber Federal Buildings Act of 2025. By replacing carbon-intensive materials with American-grown timber, this policy strengthens our wood products supply chain, supports rural economies, and ensures the future of our working forests,” said Scott Jones, CEO of the Forest Landowners Association.

    “We commend Senators Merkley and Risch for re-introducing the Mass Timber Federal Buildings Act. Wood is an abundant, renewable, and sustainable building material. When we build with American-grown wood, we bolster our nation’s private working forests and the rural communities that depend on them. As global leaders in modern, sustainable forest management, U.S. forest owners are already growing the wood needed to expand mass timber construction. Because of the strong relationship between forest products markets and sustainable forest management, today we have 60% more wood in our forests than we had in the 1950s. This positions mass timber construction to deliver wins for the economies of rural communities, our nation’s water quality, wildlife, and more. We look forward to working with the Senators as well as their colleagues in the Senate and House of Representatives to advance this important legislation,” said Dave Tenny, President and CEO of NAFO.

    “Wood products are the most sustainable, versatile and cost-effective building material we have. Building more with wood decreases the country’s dependence on materials that have a much higher environmental impact and rely on large amounts of fossil fuels in their production. Additionally, wood products manufacturing facilities are critical drivers of rural economies, and increased wood products demand and usage will bolster and continue to provide jobs in these communities. Mass timber has emerged as a transformative way to use wood in larger and taller buildings and grow the market for wood construction and wood buildings. The Mass Timber Federal Buildings Act recognizes the importance of sustainably managed wood as a building material in the construction of federal buildings, and we commend Senator Merkley and Senator Risch for introducing this important piece of legislation,” said Kristen Sawin, Vice President of Corporate Affairs at Weyerhaeuser.

    “The Mass Timber Federal Buildings Act seeks to foster innovative wood products development by encouraging the use of sustainable, renewable, and domestically supplied wood products for Federal projects. Freres Engineered Wood wholeheartedly supports this act for encouraging innovation inbuilding design and construction, as well as the social benefits of resilient forests, healthy habitats, and prosperous rural communities, from sustainable forest management across our Federal lands,” said Tyler Freres, Vice President at Freres Engineered Wood.

    “The Mass Timber Federal Buildings Act is not just legislation; it is a commitment to building a sustainable future. By embracing mass timber, we are investing in our planet, expanding economic opportunities, and setting a standard for environmentally responsible construction. This legislation will not only allow us to create structures that stand tall but it will foster a legacy of stewardship for generations to come,” said David Walter, CEO of the CRTC Building Innovation Center.

    “The private, public and civic sectors are coming together to support Mass Timber as never before in Oregon and Washington. This bill will find support for its preferences and lifecycle assessment provisions from our Mass Timber partnerships,” said Greg Wolf, Executive Director of Oregon iSector.

    “The Washington Mass Timber Accelerator, a nonprofit organization dedicated to accelerating sustainable and equitable adoption of mass timber in construction in Washington and nationally, is pleased to support the Mass Timber Federal Buildings Act. The State of Washington is poised to supply high-quality mass timber products to public buildings across the United States, sourced from federal forest restoration projects and forests cared for and managed by Tribal Nations – contributing to wildfire risk reduction and rural community economic development. These mass timber buildings can be built with labor standards and apprenticeship opportunities, and will endure long into the future, and serve as a celebration and reminder of our commitment to people and planet,” said Erica Spiritos, Director at the Washington Mass Timber Accelerator.

    “The Pacific Northwest Mass Timber Tech Hub enthusiastically welcomes and strongly endorses the introduction of the Mass Timber Federal Buildings Act bill, which will help the United States restore well-paying jobs to rural communities, tackle the urgent challenges of wildfire risk and housing supply, and contribute to national security through a reduced reliance on foreign-sourced steel,” said Iain Macdonald, Director at the Pacific Northwest Mass Timber Tech Hub.

    Full text of the Mass Timber Federal Buildings Act can be found by clicking here.

    MIL OSI USA News

  • MIL-OSI United Nations: Commission on Limits of Continental Shelf Concludes Sixty-Third Session

    Source: United Nations General Assembly and Security Council

    NEW YORK, 24 March (Office of Legal Affairs) ― The Commission on the Limits of the Continental Shelf held its sixty-third session at United Nations Headquarters from 17 February to 21 March.  The plenary parts of the session were held from 24 to 28 February and from 10 to 14 March.  The remainder of the session was devoted to the technical examination of submissions at the premises of the Division, including geographic information systems laboratories and other technical facilities.

    During the first plenary part of the session, the Under-Secretary-General for Legal Affairs and United Nations Legal Counsel, Elinor Hammarskjöld, addressed the Commission for the first time since her appointment.  She acknowledged the crucial contribution of the Commission to the implementation of the United Nations Convention on the Law of the Sea and paid tribute to the significant work carried out by the members of the Commission in this regard.  Noting the ongoing liquidity crisis affecting regular budget operations of the United Nations Secretariat, the Under‑Secretary-General reiterated that the Division would continue to do its utmost to deliver high-quality support to the Commission within the available means.

    The Submissions of the following coastal States were considered by the Commission and its subcommissions: Mauritius in respect of the region of Rodrigues Island (partial submission); Palau in respect of the North Area (partial amended submission); Portugal; Spain in respect of the area of Galicia (partial submission); Namibia; Cuba in respect of the eastern polygon in the Gulf of Mexico; Mozambique; and Madagascar; as well as revised submissions made by Brazil in respect of the Brazilian Equatorial Margin (partial revised submission); Cook Islands concerning the Manihiki Plateau (revised submission); Iceland in respect of the western, southern and south-eastern parts of the Reykjanes Ridge (partial revised submission); Brazil in respect of the Brazilian Oriental and Meridional Margin (partial revised submission); and the Russian Federation in the Area of the Gakkel Ridge in the Arctic Ocean (partial revised submission).

    The Commission approved three sets of recommendations, namely in regard to the submissions made by Brazil in respect of the Brazilian Equatorial Margin (partial revised submission); Cuba in respect the eastern polygon in the Gulf of Mexico; and Iceland in respect of the western, southern and south-eastern parts of the Reykjanes Ridge (partial revised submission).

    During its plenary meetings, with regard to the submission made by Guyana, the Commission decided to defer its consideration in view of an objection conveyed by Venezuela.

    The Commission further heard presentations on the submission of Mozambique, which was a repeat presentation made upon the request of the coastal State; the partial revised submission made by Brazil in respect of the Brazilian Oriental and Meridional Margin; and the partial submission made by Viet Nam in respect of the Central Area.

    Underscoring the importance that submitting States attach to the work of the Commission, delegations were represented in the plenary at the high level:  the delegation of Mozambique was headed by the Minister for Mineral Resources and Energy, Estêvão Tomás Rafael Pale; the delegation of Cuba was headed by the Vice-Minister for Foreign Affairs, Carlos Fernández de Cossío Domínguez; and the delegation of the Russian Federation was headed by the Minister for Natural Resources and Environment, Alexander Kozlov.

    In view of the progress in its work, the Commission decided to establish subcommissions to consider the partial submission made by Mexico in respect of the eastern polygon in the Gulf of Mexico; the submission made by the United Republic of Tanzania; and the partial submission made by Denmark in respect of the Southern Continental Shelf of Greenland. With a view to facilitating the efficient consideration of submissions, the Commission decided that subcommissions could actively consider two submissions in parallel, as needed.

    The Commission appointed the new member of the Commission, Ahmed Er Raji (Morocco), to subcommissions.  In view of the resignation of Mr. Brekke due to health reasons and the establishment of new subcommissions, the Commission also adjusted the membership of some existing subcommissions and subsidiary bodies.  The Commission also elected David Cole Mosher (Canada) as Vice-Chair of the Commission for the remainder of the current two-and-a-half-year term — until 15 December.

    With regard to the request of the General Assembly in its resolution 79/144 for the Secretary-General to develop and make available training courses to assist States in relation to the preparation, making and maintenance of submissions, as well as their consideration, the secretariat informed the Commission that no earmarked voluntary trust fund contributions for such activities had been received as of 13 March, and that, if no contributions were received by April, the secretariat would not be in a position to deliver on this mandate in 2025.

    The Commission also continued its consideration of initiatives to enhance efficiency in its work, including the development of technical bulletins and templates for presentations and recommendations.

    Further details on the sixty-third session will be available in the Statement of the Chairperson of the Commission (document CLCS/63/2).

    The background press release on this session is available at https://press.un.org/en/2025/sea2206.doc.htm.

    Background

    Established pursuant to article 2 of annex II to the 1982 United Nations Convention on the Law of the Sea, the Commission makes recommendations to coastal States on matters related to the establishment of the outer limits of their continental shelf beyond 200 nautical miles from the baselines from which the breadth of the territorial sea is measured, based on information submitted by those coastal States.  The recommendations are based on the scientific data and other material provided by coastal States in relation to the implementation of article 76 of the Convention and do not prejudice matters relating to the delimitation of boundaries between States with opposite or adjacent coasts or prejudice the position of States that are parties to a land or maritime dispute, or application of other parts of the Convention or any other treaties.  The limits of the continental shelf established by a coastal State on the basis of the recommendations are final and binding. In the case of disagreement by a coastal State with the recommendations of the Commission, the coastal State shall, within a reasonable time, make a revised or new submission to the Commission.

    Under rule 23 of its rules of procedure (Public and private meetings), the meetings of the Commission, its subcommissions and subsidiary bodies are held in private, unless the Commission decides otherwise.

    As required under the rules of procedure of the Commission, the executive summaries of all the submissions, including all charts and coordinates, have been made public by the Secretary‑General through continental shelf notifications circulated to Member States of the United Nations, as well as States Parties to the Convention.  The executive summaries are available on the Division’s website at:  www.un.org/depts/los/clcs_new/clcs_home.htm.  The summaries of recommendations adopted by the Commission are also available on the above-referenced website.

    The Commission is a body of 21 experts in the field of geology, geophysics or hydrography serving in their personal capacities. Members of the Commission are elected for a term of five years by the Meeting of States Parties to the Convention having due regard to the need to ensure equitable geographical representation. Not fewer than three members shall be elected from each geographical region.

    Currently, two seats on the Commission are vacant as a result of the resignation of Mr. Brekke and the long-standing vacancy resulting from a lack of nominations from the Group of Eastern European States.  A call for nominations has been circulated to States Parties with a view to filling these vacancies at a by-election to be conducted at the thirty-fifth Meeting of States Parties, scheduled to be convened from 23 to 27 June. The nomination period opened on 12 February and will close on 12 May at midnight.

    The Convention provides that the State party which submitted the nomination of a member of the Commission shall defray the expenses of that member while in performance of Commission duties.  A voluntary trust fund for the purpose of defraying the cost of participation of the members of the Commission from developing countries has been established.  It has facilitated the participation of several members of the Commission from developing countries in the sessions of the Commission.

    The convening by the Secretary-General of the sessions of the Commission, with full conference services, including documentation, for the plenary parts of these sessions, is subject to approval by the General Assembly of the United Nations.  The Assembly does so in its annual resolutions on oceans and the law of the sea, which also address other matters relevant to the work of the Commission and the conditions of service of its members.

    For additional information on the work of the Commission see the website of the Division at www.un.org/depts/los/index.htm.  In particular, the most recent Statements by the Chair on the progress in the work of the Commission are available at http://www.un.org/depts/los/clcs_new/commission_documents.

    MIL OSI United Nations News

  • MIL-OSI: Diversified Royalty Corp. Announces Fourth Quarter and Year End 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce its financial results for the three months (“Q4 2024”) and year ended December 31, 2024.

    Highlights

    • The weighted average organic royalty growth1 of DIV’s diversified royalty portfolio was 5.9% in Q4 2024 and 5.0% for the year ended December 31, 2024, compared to 6.8% for the three months ended December 31, 2023 (“Q4 2023”) and 8.4% for the year ended December 31, 2023. The weighted average organic royalty growth1 on a constant currency basis was 5.4% in Q4 2024 and 4.8% for the year ended December 31, 2024.
    • Revenue was $17.0 million in Q4 2024 and $65.0 million for the year ended December 31, 2024, up 3.9% and 15.0%, respectively, compared to the same periods in 2023.
    • Adjusted revenue1 was $18.4 million in Q4 2024 and $70.2 million for the year ended December 31, 2024, up 3.8% and 14.0%, respectively, compared to the same periods in 2023.
    • Distributable cash1 was $12.6 million in Q4 2024 and $44.8 million for the year ended December 31, 2024, up 21.5% and 17.5%, respectively, compared to the same periods in 2023.
    • Payout ratio1 was 82.3% in Q4 2024 based on dividends of $0.0625 per share for the quarter, compared to 84.2% in Q4 2023 based on dividends of $0.0609 per share for the comparable quarter and 90.0% for the year ended December 31, 2024 based on dividends of $0.2487 per share for the year, compared to 90.2% based on dividends of $0.2415 per share for the comparable year.
    • In celebration of DIV’s 10-year anniversary, we are proud to recognize the following:
      • On October 6, 2014, we announced our name change to “Diversified Royalty Corp.”
      • DIV’s very first dividend was $0.0157 per share, paid on November 28, 2014
      • The total dividends paid to shareholders since then is $269.1 million, or $2.25 per share

    Fourth Quarter Commentary

    Sean Morrison, President and Chief Executive Officer of DIV stated, “Overall, DIV is pleased with how its royalty partners performed with weighted average organic royalty growth of 5.9% in Q4 2024 and 5.0% for the year ended December 31, 2024. As with all portfolios, there are varying degrees of performance within the portfolio. Mr. Lube, our largest royalty partner, continued to see strong double-digit growth, generating SSSG1 (defined below) of 12.0% for the three-month period ended December 31, 2024, and 10.5% for the year ended December 31, 2024. This exceptional performance is the result of Mr. Lube’s management team working with their franchisees to share best practices and optimize the performance of each location. DIV’s other variable royalty partners generated mixed results with Oxford generating positive SSSG and Mr. Mikes generating negative SSSG in Q4. DIV’s fixed royalty partners, Nurse Next Door, Stratus and BarBurrito made their fixed royalty payments. DIV is deferring 20% of Sutton’s royalties to help them invest in the business and build on the positive momentum in Q4. DIV continues to see a decrease in royalty income from AIR MILES® because of the loss of Metro as a loyalty partner and continued softness across the AIR MILES® Rewards Program.”

    1. Adjusted revenue and distributable cash are non-IFRS financial measures, payout ratio is a non-IFRS ratio and weighted average organic royalty growth and Same-store-sales growth or SSSG are supplementary financial measures – see “Non-IFRS Measures” below.

    Fourth Quarter Results

       Three months ended December 31,
        Year ended December 31,
     
    (000’s)   2024     2023       2024     2023  
    Mr. Lube + Tires $ 8,602   $ 7,810     $ 31,190   $ 28,429  
    Stratusa   2,268     2,099       8,714     8,171  
    BarBurrito   2,101     2,032       8,403     2,032  
    Nurse Next Doorb   1,341     1,316       5,309     5,207  
    Oxford   1,206     1,162       4,530     4,521  
    Sutton   899     1,095       4,206     4,339  
    Mr. Mikes   1,040     1,130       4,226     4,570  
    AIR MILES®   896     1,044       3,640     4,352  
    Adjusted revenuec $ 18,352   $ 17,688     $ 70,218   $ 61,621  
                               

    a) Stratus royalty income for the three months and year ended December 31, 2024, was US$1.6 million and US$6.4 million, respectively, translated at an average foreign exchange rate of $1.4000 and $1.3703 to US$1, respectively (three months and year ended December 31, 2023 – royalty income of US$1.5 million and US$6.1 million, respectively, translated at an average foreign exchange rate of $1.3610 and $1.3493 to US$1, respectively).
    b) Represents the DIV Royalty Entitlement plus management fees received from Nurse Next Door.
    c) DIV Royalty Entitlement and adjusted revenue are non-IFRS financial measures and as such, do not have standardized meanings under IFRS. For additional information, refer to “Non-IFRS Measures” in this news release.

    In Q4 2024, DIV generated $17.0 million of revenue compared to $16.4 million in Q4 2023. After considering the DIV Royalty Entitlement2 (defined below) related to DIV’s royalty arrangements with Nurse Next Door, DIV’s adjusted revenue2 was $18.4 million in Q4 2024, compared to $17.7 million in Q4 2023. Adjusted revenue increased primarily due to incremental revenue received through the acquisition of the BarBurrito rights on October 4, 2023, positive SSSG2 at Mr. Lube + Tires and Oxford, the annual contractual royalty increases at Stratus and Nurse Next Door, partially offset by negative SSSG from Mr. Mikes and lower royalty income from AIR MILES® and the 20% deferral of the Sutton royalties, all as discussed in further detail below.

    2. Adjusted revenue and DIV Royalty Entitlement are non-IFRS financial measures and SSSG are supplementary financial measures – see “Non-IFRS Measures” below.

    Royalty Partner Business Updates

    Mr. Lube + Tires: Mr. Lube Canada Limited Partnership (“Mr. Lube + Tires”) generated SSSG3 of 12.0% for the Mr. Lube + Tires stores in the royalty pool for Q4 2024 and 10.5% for the year ended December 31, 2024, compared to SSSG of 14.0% and 17.1%, for the same respective prior periods in 2023.

    3. Same-store-sales growth or SSSG is a supplementary financial measure – see “Non-IFRS Measures” below.

    Stratus: Royalty income from SBS Franchising LLC (“Stratus”) was $2.3 million (US$1.6 million translated at an average foreign exchange rate of $1.4000 to US$1.00) for Q4 2024 and $8.7 million (US$6.4 million translated at an average foreign exchange rate of $1.3703 to US$1.00) for the year ended December 31, 2024. The fixed royalty payable by Stratus increases each November at a rate of 5% until and including November 2026 and 4% each November thereafter during the term of the license, with the most recent increase effective November 15, 2024.

    Nurse Next Door: The royalty entitlement to DIV (the “DIV Royalty Entitlement4”) from Nurse Next Door Professional Homecare Services Inc. (“Nurse Next Door”) was $1.3 million in Q4 2024 and $5.2 million for the year ended December 31, 2024. The DIV Royalty Entitlement from Nurse Next Door grows at a fixed rate of 2.0% per annum during the term of the license, with the most recent increase effective October 1, 2024.

    4. DIV Royalty Entitlement is a non-IFRS measure – see “Non-IFRS Measures” below.

    Mr. Mikes: SSSG5 for the Mr. Mikes Restaurants Corporation (“Mr. Mikes”) restaurants in the Mr. Mikes royalty pool was -4.7% in Q4 2024 and -3.4% for the year ended December 31, 2024, compared to SSSG of 7.3% and 10.1%, for the same respective prior periods in 2023. The lower SSSG percentage in the current period is primarily due to lower restaurant guest traffic. In addition, in the comparable period, SSSG was measured against quarters that included the impact from COVID-19 related government regulations, including vaccine mandates.

    Royalty income and management fees of $1.0 million were generated by Mr. Mikes in Q4 2024, compared to $1.2 million in Q4 2023, which excludes approximately $0.05 million from the partial payment of deferred contractual royalty fees and accrued management fees. Royalty income and management fees of $4.2 million were generated for the year ended December 31, 2024, compared to $4.4 million generated for the year ended December 31, 2023, excluding approximately $0.18 million from the partial payment of deferred contractual royalty fees and accrued management fees.

    5. Same-store-sales growth or SSSG is a supplementary financial measure – see “Non-IFRS Measures” below.

    Oxford: The Oxford Learning Centres, Inc. (“Oxford”) locations in the Oxford royalty pool generated SSSG6 (on a constant currency basis) of 4.0% in Q4 2024 and 0.2% for the year ended December 31, 2024, compared to SSSG of -0.2% and 5.9%, for the same respective prior periods in 2023. Oxford’s SSSG has returned to being positive after lapping the completion of the Ontario Government funding of student learning support, which included private tutoring, which funding completed in the first half of 2023.

    6. Same-store-sales growth or SSSG is a supplementary financial measure – see “Non-IFRS Measures” below.

    AIR MILES®: In Q4 2024, royalty income of $0.9 million was generated from the AIR MILES® Licenses compared to $1.0 million generated in Q4 2023, a decrease of 14.2% from the comparable quarter. For the year ended December 31, 2024, royalty income of $3.6 million was generated compared to $4.4 million generated in the comparable year, a decrease of 16.4%. The decrease is largely due to the loss of AIR MILES® sponsor Metro and continued softness in the AIR MILES® Rewards Program.

    Sutton: In Q4 2024, royalty income of $0.9 million was generated by Sutton, which is net of a 20% royalty deferral, compared to $1.1 million generated in Q4 2023. For the year ended December 31, 2024, royalty income of $4.1 million was generated, which includes a 20% royalty deferral for Q4, 2024, compared to $4.3 million generated in the comparable year. DIV and Sutton entered into a royalty deferral agreement during Q4 2024, which provides Sutton with a 20% deferral of royalties from October 1, 2024 to December 31, 2025. The deferred royalties do not accrue interest and are due in full on December 31, 2027. Sutton finished 2024 on a strong note, opening two new franchise locations in Q4 and has a growing pipeline of franchise opportunities across Canada. Sutton intends to invest the deferred royalties to complete the rebuild of its management team, increase investment in marketing, roll out its rebranded logo across Canada, increase business development, and build on the positive momentum that began in the back half of 2024.

    BarBurrito: Royalty income from BarBurrito Restaurants Inc. (“BarBurrito”) was $2.1 million for Q4 2024 and $8.3 million for the year ended December 31, 2024. The royalty payable by BarBurrito initially grows at a fixed rate of 4% per annum each March from and including March 2025 to and including March 2030 and, commencing on January 1, 2031, will fluctuate based on the gross sales of the BarBurrito locations in the royalty pool.

    Distributable Cash and Dividends Declared

    In Q4 2024 and for the year ended December 31, 2024, distributable cash7 increased to $12.6 million ($0.0759 per share) and $44.8 million ($0.2762 per share), respectively, compared to $10.4 million ($0.0723 per share) and $38.1 million ($0.2671 per share), in the respective periods in 2023.

    The increase in distributable cash7 for the quarter was primarily due to higher adjusted revenue7, lower general and administrative expenses, lower professional fees, lower interest expense, and lower salaries and benefits. The increase in distributable cash7 for the year was primarily due to higher adjusted revenue7, lower general and administrative expenses, and lower professional fees, partially offset by higher interest expense and higher and salaries and benefits.

    The increase in distributable cash per share7 for the quarter and year end were primarily due to an increase in distributable cash, partially offset by a higher weighted average number of common shares outstanding.

    In Q4 2024 and for the year ended December 31, 2024, the payout ratio7 was 82.3% on dividends of $0.0625 per share and 90.0% on dividends of $0.2487 per share, respectively, compared to the payout ratio of 84.2% on dividends of $0.0609 per share and 90.2% on dividends of $0.2410 per share for the same respective periods in 2023. The decrease in payout ratio for the quarter and year end were primarily due to higher distributable cash per share7, partially offset by higher dividends declared per share.

    7. Adjusted revenue and distributable cash are non-IFRS financial measures and distributable cash per share and payout ratio are non-IFRS ratios – see “Non-IFRS Measures” below.

    Net Income

    Net income for Q4 2024 and for the year ended December 31, 2024, was $4.0 million and $26.6 million, respectively, compared to net income of $9.1 million and $31.7 million for the same respective periods in 2023. The decrease in net income in Q4 2024 was primarily due to impairment loss on intangible assets and higher share-based compensation expense, partially offset by higher adjusted revenue8 and lower general and administrative expenses, interest expense on credit facilities, and income tax expense. The decrease in net income for the year was primarily due to impairment loss on intangible assets, higher share-based compensation expense, salaries and benefits, and interest expense on credit facilities, partially offset by higher adjusted revenue8 and lower general and administrative expenses, and income tax expense.

    8. Adjusted revenue is a non-IFRS financial measure – see “Non-IFRS Measures” below.

    About Diversified Royalty Corp.

    DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

    DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada.

    DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.

    Forward-Looking Statements

    Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intend” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: Sutton having a growing pipeline of franchise opportunities across Canada; Sutton intends to invest the deferred royalties to complete the rebuild of its management team, increase investment in marketing, roll out its rebranded logo across Canada, increase business development and build on the positive momentum that began in the back half of 2024; DIV’s intention to pay monthly dividends to shareholders; and DIV’s corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular, risks and uncertainties include: DIV’s royalty partners may not make their respective royalty payments to DIV, in whole or in part; the decline in royalties received under the AIR MILES® licenses could cause AM Royalties Limited Partnership (“AM LP”) to be required to make partial or full repayment of the outstanding principal amount under its credit agreement, or cause AM LP to be in default under its credit agreement; current positive trends being experienced by certain of DIV’s royalty partners (and their respective franchisees) may not continue and may regress, and current negative trends experienced by certain of DIV’s royalty partners (including their respective franchisees) may continue and may regress; DIV and its royalty partners performance may not meet management’s expectations; DIV may not be able to make monthly dividend payments to the holders of its common shares; Sutton may not pay all deferred royalties in accordance with the timing required or at all; Sutton’s investment of the deferred royalties may not achieve their intended effects; Sutton may require further deferrals of royalties beyond those contemplated by the current deferral agreement; dividends are not guaranteed and may be reduced, suspended or terminated at any time; or DIV may not achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release is not a guarantee of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 24, 2025 and in DIV’s management’s discussion and analysis for the three months and year ended December 31, 2024, copies of which are available under DIV’s profile on SEDAR+ at www.sedarplus.com.

    In formulating the forward-looking information contained herein, management has assumed that DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; lenders will provide any necessary waivers required in order to allow DIV to continue to pay dividends; lenders will provide any other necessary covenant waivers to DIV and its royalty partners; the performance of DIV’s royalty partners will be consistent with DIV’s and its royalty partners’ respective expectations; recent positive trends for certain of DIV’s royalty partners (including their respective franchisees) will continue and not regress; current negative trends experienced by certain of DIV’s royalty partners (including their respective franchisees) will not materially regress; Sutton will pay all deferred royalties in accordance with the required timing in full and will not require further deferrals; Sutton’s investment of the deferred royalties will achieve its intended effects; the businesses of DIV’s respective royalty partners will not suffer any material adverse effect; and the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

    All of the forward-looking information in this news release is qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that it will have the expected consequences to, or effects on, DIV. The forward-looking information in this news release is made as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

    Non-IFRS Measures

    Management believes that disclosing certain non-IFRS financial measures, non-IFRS ratios and supplementary financial measures provides readers with important information regarding the Corporation’s financial performance and its ability to pay dividends and the performance of its royalty partners. By considering these measures in combination with the most closely comparable IFRS measure, management believes that investors are provided with additional and more useful information about the Corporation and its royalty partners than investors would have if they simply considered IFRS measures alone. The non-IFRS financial measures, non-IFRS ratios and supplementary financial measures do not have standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to similar measures presented by other issuers. Investors are cautioned that non-IFRS measures should not be construed as a substitute or an alternative to net income or cash flows from operating activities as determined in accordance with IFRS.

    “Adjusted revenue”, “adjusted royalty income”, “DIV Royalty Entitlement” and “distributable cash” are used as non-IFRS financial measures in this news release.

    Adjusted revenue is calculated as royalty income plus DIV Royalty Entitlement and management fees. The following table reconciles adjusted revenue and adjusted royalty income to royalty income, the most directly comparable IFRS measure disclosed in the financial statements:

       Three months ended December 31,
        Year ended December 31,
     
    (000’s)   2024     2023       2024     2023  
    Mr. Lube + Tires $ 8,543   $ 7,750     $ 30,953   $ 28,196  
    Stratus   2,269     2,099       8,714     8,171  
    BarBurrito   2,080     2,013       8,320     2,013  
    Oxford   1,194     1,152       4,487     4,481  
    Sutton   872     1,068       4,096     4,229  
    Mr. Mikes   1,025     1,115       4,181     4,520  
    AIR MILES®   896     1,044       3,640     4,352  
    Royalty income $ 16,879   $ 16,241     $ 64,391   $ 55,962  
    DIV Royalty Entitlement   1,320     1,295       5,228     5,126  
    Adjusted royalty income $ 18,199   $ 17,536     $ 69,619   $ 61,088  
    Management fees   153     152       599     533  
    Adjusted revenue $ 18,352   $ 17,688     $ 70,218   $ 61,621  
                               

    For further details with respect to adjusted revenue and adjusted royalty income, refer to the subsection “Non-IFRS Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    The most closely comparable IFRS measure to DIV Royalty Entitlement is “distributions received from NND LP”. DIV Royalty Entitlement is calculated as distributions received from NND LP, before any deduction for expenses incurred by NND Holdings Limited Partnership (“NND LP”), which expenses include legal, audit, tax and advisory services. Note that distributions received from NND LP is derived from the royalty paid by Nurse Next Door to NND LP. The following table reconciles DIV Royalty Entitlement to distributions received from NND LP in the financial statements:

       Three months ended December 31,     Year ended December 31,
     
    (000’s)   2024     2023       2024     2023  
    Distributions received from NND LP $ 1,314   $ 1,284     $ 5,197   $ 5,095  
    Add: NND Royalties LP expenses   2     2       27     22  
    DIV Royalty Entitlement   1,316     1,286       5,224     5,117  
               
    Less: NND Royalties LP expenses   (2 )   (2 )     (27 )   (22 )
    DIV Royalty Entitlement, net of NND Royalties LP expenses $ 1,314   $ 1,284     $ 5,197   $ 5,095  
                               

    For further details with respect to DIV Royalty Entitlement, refer to the subsection “Non-IFRS Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    The following table reconciles distributable cash to cash flows generated from operating activities, the most directly comparable IFRS measure disclosed in the financial statements:

      Three months ended December 31,
        Year ended December 31,
     
    (000’s)   2024     2023       2024     2023  
               
    Cash flows generated from operating activities $ 11,724   $ 7,400     $ 46,491   $ 30,816  
               
    Current tax expense   (1,300 )   (845 )     (6,516 )   (5,061 )
    Accrued interest on convertible debentures   788     788            
    Accrued interest on bank loans   (13 )         (438 )    
    Distributions on MRM units earned in current periods   (34 )   (38 )     (138 )   (164 )
    Mandatory principal payments on credit facilities       (577 )     (643 )   (1,008 )
    Payment of lease obligations   (28 )   (28 )     (110 )   (107 )
    NND LP expenses   (2 )   (2 )     (27 )   (22 )
    Accrued DIV Royalty Entitlement, net of distributions   2           27      
    Foreign exchange and other   (13 )   394       146     229  
    Changes in working capital   (33 )   (527 )     303     3,579  
    Transactions costs       32           32  
    Taxes paid   1,512     1,648       6,012     7,691  
    Note receivable       2,130       (305 )   2,130  
    Distributable cash $ 12,603   $ 10,376     $ 44,802   $ 38,115  
                               

    For further details with respect to distributable cash, refer to the subsection “Non-IFRS Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    “Distributable cash per share” and “payout ratio” are non-IFRS ratios that do not have a standardized meaning prescribed by IFRS, and therefore may not be comparable to similar ratios presented by other issuers. Distributable cash per share is defined as distributable cash, a non-IFRS measure, divided by the weighted average number of common shares outstanding during the period. The payout ratio is calculated by dividing the dividends per share during the period by the distributable cash per share, a non-IFRS measure, generated in that period. For further details, refer to the subsection entitled “Non-IFRS Ratios” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    “Weighted average organic royalty growth” is the average same store sales growth percentage related to Mr. Lube + Tires, Oxford and Mr. Mikes (excluding the collection of Mr. Mikes deferred royalty management fees) plus the average increase in adjusted royalty income from AIR MILES®, Sutton (less 20% deferral in Q4, 2024), Nurse Next Door and Stratus over the prior comparable period taking into account the percentage weighting of each royalty partner’s adjusted royalty income in proportion of the total adjusted royalty income for the period, excluding BarBurrito as there was no full-period adjusted royalty income generated from BarBurrito in the prior period. Weighted average organic royalty growth is a supplementary financial measure and does not have a standardized meaning prescribed by IFRS. However, the Corporation believes that weighted average organic royalty growth is a useful measure as it provides investors with an indication of the change in year-over-year growth of each royalty partner, taking into account the percentage weighting of royalty partner’s growth in proportion of total growth, as applicable. The Corporation’s method of calculating weighted average organic royalty growth may differ from those of other issuers or companies and, accordingly, weighted average organic royalty growth may not be comparable to similar measures used by other issuers or companies.

    “Same store sales growth” or “SSSG” and “system sales” are supplementary financial measures and do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. SSSG and system sales figures are reported to DIV by its Royalty Partners – see “Third Party Information”. For further details, refer to the subsection entitled “Supplementary Financial Measures” under “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in the Corporation’s management’s discussion and analysis for the three months and year ended December 31, 2024, a copy of which is available on SEDAR+ at www.sedarplus.com.

    Third Party Information

    This news release includes information obtained from third party company filings and reports and other publicly available sources as well as financial statements and other reports provided to DIV by its royalty partners. Although DIV believes these sources to be generally reliable, such information cannot be verified with complete certainty. Accordingly, the accuracy and completeness of this information is not guaranteed. DIV has not independently verified any of the information from third party sources referred to in this news release nor ascertained the underlying assumptions relied upon by such sources.

    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

    Additional Information

    The information in this news release should be read in conjunction with DIV’s consolidated financial statements and management’s discussion and analysis (“MD&A”) for the three months and year ended December 31, 2024, which are available on SEDAR+ at www.sedarplus.com.

    Additional information relating to the Corporation and other public filings, is available on SEDAR+ at www.sedarplus.com.

    Contact:
    Sean Morrison, President and Chief Executive Officer
    Diversified Royalty Corp.
    (236) 521-8470

    Greg Gutmanis, Chief Financial Officer and VP Acquisitions
    Diversified Royalty Corp.
    (236) 521-8471

    The MIL Network

  • MIL-OSI New Zealand: Property Sector – Meet Cotality: CoreLogic Embraces a New Name and Bold Vision for the Future of the Property Industry

    Source: CoreLogic

    CoreLogic to rebrand to Cotality, reflecting the company’s mission to unify property professionals, strengthen industry relationships and drive innovation globally.

    CoreLogic today announced its global rebrand to Cotality, marking the company’s progression to a leader in property information, analytics and data-enabled solutions from its origins in financial services supporting the mortgage industry.

    This rebrand introduces a new name, logo and brand identity that reflect the company’s transformation into an information services provider that is creating a faster, smarter and more people-centric property industry.
    “The property ecosystem underpins the prosperity of individuals, businesses, governments and society as a whole. But at the core, it’s people, businesses and communities that drive it forward. Cotality’s insights build on this, by turning questions into futures you can see,” said Patrick Dodd, President and CEO of Cotality.
    “This rebrand reflects innovation, evolution and commitment to uniting property professionals – strengthening businesses, fostering relationships and powering outcomes that balance logic and data with humanity and emotion. Our name is changing to demonstrate the company’s unmatched dedication and service to clients around the world.”
    The new name, Cotality, reflects the company’s deep commitment to collaboration and connectivity, both internally and externally, while honoring its CoreLogic roots. It also signifies its approach of totality, delivering comprehensive data and insights across the entire property ecosystem and beyond. Tying it all together is the company’s spirit of vitality – placing the idea that helping people thrive is at the center of every insight and workflow.
    “While remaining true to our core DNA, the time is right to launch a refreshed brand that captures our evolution,” said Lisa Claes, CEO of Cotality International, pointing to its significantly expanded capability and customer solution set following a suite of acquisitions, sustained product investment and strengthened industry partnerships.
     Alongside the new Cotality name sits the tagline: Intelligence Beyond BoundsTM. 
    This tagline serves as both a first impression and a powerful expression of the company’s identity. It is an embodiment of the seamless integration of data, technology, artificial intelligence, insights and people that inspire Cotality to collaborate across the entire lifecycle of properties and homeowners.
    “For CoreLogic Australia, New Zealand and UK, Cotality captures our unique position and reinforces to the market that we are part of a global, technology-enabled information services leader, whose solutions truly unlock Intelligence beyond bounds.”
    “Our new name and tagline reflect the essence of who we are and where we’re headed. This transformation is a natural evolution, honoring our roots while embracing a future defined by collaboration, innovation and impact,” said Kristie Vainikos Stegen, Chief Brand and Communications Officer of Cotality. “This isn’t just about a new look; it’s about harnessing the power of data and technology and empowering people – internally and externally – to drive meaningful change globally.”
    Cotality empowers industry professionals across home lending, insurance, real estate and government worldwide. With operations in the United States, Canada, the United Kingdom, Australia, New Zealand, India and Germany, Cotality’s new global brand identity will build on CoreLogic’s trusted legacy to deliver innovation and drive smarter decisions while expanding its global reach.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Dargaville Police catch up with offenders

    Source: New Zealand Police (National News)

    Five people face charges after Police intercepted a convoy of stolen vehicles travelling through Dargaville.

    In the early hours of Sunday, a burglary occurred at a rural address near Mamaranui.

    Whangārei-Kaipara Area Commander, Inspector Maria Nordstrom says three vehicles were stolen from the address at around 1am.

    “These vehicles travelled in convoy south and into the Dargaville township, where one of our frontline staff members located them,” she says.

    “All three vehicles failed to stop for the unit near River Road, before beginning to drive at excessive speeds.”

    Police did not pursue the vehicles.

    “Police soon came across one of these vehicles which had collided with a house on River Road, and the driver was attempting to run on foot before being apprehended by police.”

    A second vehicle was located abandoned on State Highway 12 near Turiwiri.

    “The third stolen vehicle carried on travelling south, where spikes were successfully deployed near Pūhoi,” Inspector Nordstrom says.

    “Thanks to assistance from the Police Eagle helicopter and dog units, all four remaining offenders were quickly arrested.”

    All five offenders have been charged with burglary and multiple counts of unlawfully taking a motor vehicle.

    Those arrested are aged between 14 and 16.

    “I’d like to acknowledge the work of our Dargaville nightshift team who saw this matter to its conclusion holding all those offenders to account.”

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News

  • MIL-OSI USA: ICYMI: Washington Examiner: Tuberville is the Senate champion needed to protect female sports

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville
    WASHINGTON – In case you missed it, the Washington Examiner published a story highlighting Senator Tuberville’s efforts to protect Title IX from the Radical Left’s attempts to erase women’s and girls’ sports.
    Earlier this year, Senator Tuberville reintroduced the Protection of Women and Girls in Sports Act to preserve Title IX protections for female athletes. Unfortunately, every single Senate Democrat voted against the legislation to protect women.  
    Read excerpts from the Washington Examiner piece below or read the full story here.
    Tuberville is the Senate champion needed to protect female sports
    “Not all heroes wear capes. Some of them wear suits to the Senate and fight to protect women’s sports.
    Another day, another girls’ sporting event is dominated by a male athlete who thinks he is female — an occurrence that keeps happening because Democrats don’t want to protect female sports. Instead, they rather genuflect to the activist mob and allow such travesties to keep happening.
    Ada Gallagher is a 16-year-old at McDaniel High School in Oregon who runs on the school’s female track team. Last week, Gallagher dominated the girls’ 200-meter and 400-meter varsity races in the Portland Interscholastic League, reportedly winning one of the races by nearly seven seconds. It was a fantastic performance that would have drawn unanimous praise if not for one pesky detail: Gallagher is allegedly a boy claiming he is now a girl. 
    If the reports are accurate, this shows why the country desperately needs Sen. Tommy Tuberville’s (R-AL) Protection of Women and Girls in Sports Act. Senators voted along party lines earlier this month, 51-45. The proposed legislation failed to earn the necessary 60 votes to prevent a Democratic filibuster. Tuberville’s bill would have prevented Gallagher from defeating the actual high school girls who ran in the races. 
    How many high school and college-aged girls have to suffer because of the radical, left-wing political agendas of Democrats? Furthermore, what could possibly motivate Democrats, let alone any human being, to go against Tuberville’s bill?
    ‘Democrats have clearly learned nothing from this election,’ Tuberville told me in an exclusive interview earlier this month. ‘The American people decisively rejected Democrats’ anti-women, woke ideology and want us to get back to common sense. But surprise, surprise — the party that spent the past four years saying men can get pregnant apparently still thinks men should compete in women’s sports.’
    Gallagher’s athletic victory over actual high school girls competing in a track race is the kind of thing that happens because of Democrats. Their motives defy logic and common sense. Unfortunately, innocent young girls must suffer because of their radicalism, even though the overwhelming majority of the country is against boys competing against girls in sports. It is the country’s far Left, ideologically fanatical and unhinged, that allows this to keep happening.
    ‘It’s deeply unpopular, out-of-touch, and reveals that Democrats would rather stand up for a few trans people than fight for the rights of 50% of this country,’ Tuberville said.
    Boys are boys, and girls are girls. Males are bigger and stronger than females and enjoy a biological advantage when competing against them in sports. It’s the sole reason female athletic leagues were established. The fact that Democrats are intent on ignoring this reality leads one to conclude that they genuinely do not care about protecting female athletes or ensuring they are provided an opportunity to engage in fair athletic competitions and be protected from the dangers and harm of competing against bigger, larger, and stronger male athletes.
    ‘It’s hard to understand why Democrats are so willing to sacrifice the rights of women at the altar of woke ideology,’ Tuberville said. ‘Democrats claim to care about women, which is why I don’t understand why they don’t want women to have fair competition, equal access to scholarships, and safe locker rooms. It’s not about politics. It’s about right and wrong.’
    Democrats’ resistance to this is beyond puzzling, especially given their insistence on championing the rights of females. At this point, it would have to seem that interest groups are influencing them to promote these out-of-touch ideas while sacrificing the rights of female athletes in high schools and colleges. Tuberville mentioned links between interest groups and the left-wing political agenda to allow boys who pretend to be girls to compete in female sports.
    […]
    ‘One of Democrats’ most frequent talking points is that this bill is ‘hateful,’ Tuberville said. ‘That isn’t true. What is hateful is stripping opportunities away from millions of women in favor of the rights of a few trans people. This bill isn’t about excluding or alienating anyone. It is about protecting the rights and safety of our daughters, granddaughters, and nieces.’
    ‘We’ll keep pushing — this fight isn’t over,’ Tuberville said. ‘Nearly 80% of Americans are on our side. And we’ll continue to put pressure on Democrat senators to do the right thing and stand up for women.’”
    BACKGROUND:
    During President Biden’s administration, more than 900 women lost medals to men competing in women’s sports. The issue of men in girls’ and women’s sports proved to be one of the top concerns of voters during the 2024 Presidential Election. A recent New York Times (NYT) poll found 79% of respondents said men should not be allowed to participate in women’s sports. This is a bipartisan issue—the same recent NYT poll found that 67% of Democrats agree that male athletes shouldn’t be allowed in women’s sports.
    In February, President Trump signed a historic Executive Order banning men from competing in women’s sports. President Trump has spoken about the need to keep men out of women’s sports on multiple occasions.
    Unfortunately, Executive Orders can be reversed. That’s why on Monday, March 3, 2025, the Senate voted on Senator Tuberville’s bill, the Protection of Women and Girls in Sports Act, which would make President Trump’s Executive Order permanent. 45 Democrats voted to block the bill from proceeding. 
    Earlier this year, Senator Tuberville also introduced a bill to ban men from competing in women’s U.S. Olympic sports, following USA Boxing’s announcement that it would allow men to box against women.
    Senator Tuberville has vowed to continue fighting until women’s rights to compete fairly and safely are protected.
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP, and Aging Committees.

    MIL OSI USA News

  • MIL-OSI USA News: More Investment, More Jobs, and More Money in Americans’ Pockets

    Source: The White House

    More Investment, More Jobs, and More Money in Americans’ Pockets

    Today, Hyundai announced a $20 billion investment in the United States — including $5.8 billion for a new steel plant in Louisiana, which will create nearly 1,500 jobs. The investment, which builds on Hyundai’s pledge earlier this year to “further localize production in the U.S.,” is the latest success in President Donald J. Trump’s pursuit of a Made in America renaissance.

    It’s further proof that President Trump’s economic agenda is working.

    Hyundai is far from the only automaker planning major investments as President Trump leverages tariffs to remake the U.S. into a global manufacturing powerhouse:

    • Stellantis announced a $5 billion investment in its U.S. manufacturing network — including re-opening an Illinois manufacturing plant — as it pledges to increase domestic vehicle production.
    • Volkswagen is considering shifting production of the high-end Audi and Porsche brands to the U.S.
    • Honda is expected to produce its next-generation Civic hybrid model in Indiana.
    • Nissan is considering moving production from Mexico to the U.S.
    • Rolls-Royce is expected to “ramp up” production in the U.S. by hiring more American workers and expand its U.S.-based operations.
    • Volvo is considering expanding its U.S.-based output.

    It’s not just the auto sector; domestic and foreign companies have pledged trillions in new investments since President Trump took office:

    • Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
    • Apple announced a $500 billion investment in U.S. manufacturing and training.
    • Nvidia announced it will invest hundreds of billions of dollars over the next four years in U.S.-based manufacturing.
    • Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
    • Eli Lilly and Company announced a $27 billion investment in domestic manufacturing.
    • United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
    • France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
    • Merck announced it will invest $8 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility.
    • Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
    • GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
    • GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
    • London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
    • Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
    • Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
    • Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
    • Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
    • Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
    • Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
    • India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
    • Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
    • Samsung is considering moving its dryer production from Mexico to South Carolina.
    • LG is considering moving its refrigerator manufacturing from Mexico to Tennessee.
    • Italian spirits group Campari is “assessing the opportunities to expand its production in the U.S.”
    • Essity, a Swedish hygiene product manufacturer, is considering shifting production to the U.S.
    • Taiwan-based Compal Electronics is considering a U.S.-based expansion.
    • Taiwan-based Inventec is expected to expand its manufacturing operations into Texas.
    • LVMH, a French luxury giant, is “seriously considering” an expansion to its U.S.-based production capabilities.
    • Cra-Z-Art, the biggest toymaker in the U.S., said it will move a “large percentage” of its China-based manufacturing back home.
    • Prepac, a Canadian furniture manufacturer, announced it will move production from Canada to the U.S.

    MIL OSI USA News

  • MIL-OSI Canada: Family doctors embrace new pay model

    Alberta’s government is committed to strengthening primary health care, ensuring every Albertan has access to a primary health care provider no matter where they live. This new compensation model is designed to not only support physicians in their essential work but also to enhance access to family doctors across the province.  

    Developed in partnership with the Alberta Medical Association (AMA), this model was announced in December following months of collaboration. With the AMA meeting the threshold of 500 enrolled physicians, the program is now set to officially launch on April 1. As of March 24, 789 family physicians have signed up to receive compensation through the new model.

    “Implementing the new primary care physician compensation model is an exciting milestone in our journey to strengthen Alberta’s primary health care system. The model will support family physicians and be a recruitment and retention tool to give more Albertans access to the primary care they need.”

    Adriana LaGrange, Minister of Health

    The new compensation model will ensure Alberta’s family doctors are competitively paid while promoting patient-focused care. Incentives include increases for:

    • Maintaining high panel numbers (minimum of 500 patients), which will incentivize panel growth and improve access to primary care for patients.
    • Providing after-hours care to relieve pressure on emergency departments and urgent care centres.
    • Enhancing team-based care, which will encourage developing integrated teams that may include family physicians, nurse practitioners, registered nurses, dietitians and pharmacists to provide patients with the best care possible.
    • Adding efficiencies in clinical operations to simplify processes for both patients and health care providers.

    Alberta’s government is committed to improving access to family physicians. This new model fosters growth while addressing patient complexity, striking a balance that enhances access to quality care for all Albertans.

    “This new model will strengthen comprehensive, cradle-to-grave primary care. These practices are the foundation of our health care system. The model will help us to retain the family medicine specialists and rural generalists we already have and will go a long way toward attracting more to Alberta.”

    Dr. Shelley Duggan, president, Alberta Medical Association

    “Family physicians welcome this announcement. For us, it signals government’s commitment to making primary care a priority within our health care system. I know many physicians are eager to begin working under this new model so they can stabilize their practices and focus on providing high-quality care to their patients.”

    Dr. Sarah Bates, president, Section of Family Medicine, Alberta Medical Association

    “Primary Care Alberta is pleased to see the extensive training, experience and leadership of family medicine specialists recognized. Primary care providers play an integral role in the health of Albertans. We look forward to working with government and family medicine specialists across the province to increase access to comprehensive primary care for all Albertans, particularly in rural and remote communities.” 

    Kim Simmonds, CEO, Primary Care Alberta

    “The PCPCM model is an important step forward in connecting every Albertan with a family physician and medical home.” 

    Dr. Melanie Hnatiuk, president, Alberta College of Family Physicians

    Alberta International Medical Graduate Program changes

    Alberta’s government is also making changes to the Alberta International Medical Graduate Program (AIMG) to better support Albertans who are studying medicine abroad and help them complete their residency in Alberta. The program assesses the qualifications of Alberta international medical graduates (IMGs) to determine their eligibility for medical residency positions at the University of Alberta and University of Calgary, but it does not select who is chosen for a residency position.

    The changes will adjust the graduation deadline and remove the requirement for an externship assessment, which previously required Alberta IMGs to complete a clinical assessment period in Alberta before beginning residency. Now, they can begin right after graduation. The application period for 2026 is from May 1 to May 30, 2025.  

    For the 2026 application cycle, applicants will be eligible if they graduate by July 1, 2026. Previously, applicants would have had to graduate by Dec. 31, 2025. These changes will make it easier for more Albertans to complete their residency here, helping to retain skilled health care professionals and build a stronger, more sustainable health care workforce for years to come.

    Quick facts

    • If passed, Budget 2025 will provide $66.3 million for postgraduate medical education programs in 2025-26, including $2.3 million for the AIMG Program.
    • Alberta offered 55 IMG residency seats in 2025, with plans to expand to 70 by 2028, and additional IMGs will also have the opportunity to fill unfilled Canadian medical graduate seats.
    • Adjustments to the AIMG program will go into effect for the class of 2026; physicians wanting medical residency positions need to apply to the program in May 2025.

    Related information

    • Primary care physician compensation model
    • Alberta International Medical Graduate Program
    • Modernizing Alberta’s Primary Health Care System (MAPS)

    Related news

    • New pay model, better access to family doctors (Dec. 19, 2024)
    • Competitive compensation for resident physicians (Oct. 9, 2024)
    • Modernizing how family doctors are paid in Alberta (April 17, 2024)
    • Stabilizing Alberta’s primary health care system (April 4, 2024)
    • Helping primary care providers support patients (Feb. 8, 2024)
    • New funding to stabilize primary health care (Dec. 21, 2023)
    • Strengthening health care: A collaborative effort (Oct. 24, 2023)
    • Strengthening health care: Improving access for all (Oct. 18, 2023)

    MIL OSI Canada News

  • MIL-OSI Canada: Latest Alberta investment – bringing in the dough

    Crust Craft’s new $51-million high-capacity baking facility in Edmonton will serve local and surrounding markets while boosting our province’s agriculture and food manufacturing sectors. This 120,000 to 150,000 square feet facility will create 55 new, permanent jobs and 25 temporary jobs for hard-working Albertans.

    To support this expansion, Alberta’s government will provide $2 million through the Investment and Growth Fund, a deal-closing program designed to attract high-impact, private sector investments to the province. This $2-million provincial investment helped incentivize Crust Craft’s Alberta investment, highlighting a $25.5 return on investment for every provincial dollar invested.

    At a time of great external economic uncertainty, Alberta was competing with a U.S. jurisdiction for Crust Craft’s investment. The Investment and Growth Fund helped close the deal, keeping these jobs and investment right here at home.

    “Alberta’s government is proud to work with Crust Craft to establish its new facility in Edmonton. Crust Craft choosing to expand its business in Alberta is further proof that our investment-friendly policies and programs, like the Investment and Growth Fund, have a significant impact on retaining and attracting business to Alberta. Looking to the future, the opportunities are endless for Alberta and Crust Craft’s partnership.”

    Matt Jones, Minister of Jobs, Economy and Trade

    Crust Craft’s products are helping to grow the province’s agri-processing and food manufacturing sectors while providing a local, high-quality option for customers.

    “Alberta-made bakery products are an attractive option for Canadian retail and hospitality businesses and support interprovincial market diversification. I am pleased that Crust Craft is helping to provide Albertans and Canadians with an Alberta option for their crusts, flatbreads and doughs.”

    RJ Sigurdson, Minister of Agriculture and Irrigation

    “We are thrilled to be growing and expanding this locally owned company in the province where it started 35 years ago. We will be able to provide not only employment opportunities and growth for our people, but also a larger local market for our farming families and vendor partners. Our goal of ‘Bringing Real Bread to Life’ is being realized with this expansion by introducing our brand of Panaji naan breads to even more people.”

    Paul Flesher, president, Crust Craft Inc.

    As an intake partner, Edmonton Global worked closely with Crust Craft and Alberta’s government to help facilitate the Investment and Growth Fund grant for the new facility, which will help grow and diversify Edmonton’s economy.

    “Crust Craft’s expansion demonstrates how the Edmonton region offers the right mix of talent, infrastructure and government support to help businesses scale. The support from the Investment and Growth Fund was instrumental in ensuring that Crust Craft continues to thrive right here in our region. We’re thrilled to see a homegrown company like Crust Craft investing in its future here, creating new jobs and further cementing the Edmonton region as a leader in food manufacturing.”

    Malcolm Bruce, CEO, Edmonton Global 

    Alberta remains the best place in Canada to invest due to its low tax environment, red tape reduction efforts and business-friendly policies. The Alberta government’s efforts are attracting record investment, creating thousands of jobs and further diversifying the economy for many years to come.

    Alberta’s government continues to support the Investment and Growth Fund. If passed, in Budget 2025, the provincial government is investing $45 million over the next three years to expand opportunity and attract investment across Alberta.

    Quick facts

    • Since fall 2021, 13 Investment and Growth grants have been announced that will create more than 1,250 permanent, full-time jobs and more than 1,000 temporary jobs, with a total capital investment of more than $820 million.

    Related information

    • Crust Craft

    MIL OSI Canada News

  • MIL-OSI New Zealand: Have you seen Ian?

    Source: New Zealand Police (National News)

    Police is seeking information on the whereabouts of Ian Wiki, who has been reported missing in the Takanini area.

    The 56-year-old was reported missing on Monday.

    Ian was last seen at his home address in Conifer Grove on Wednesday 19 March.

    Police and Ian’s family are concerned for his wellbeing and would like to see him return home.

    If you have seen Ian or have information on his whereabouts, you can update Police online now or call 105.

    Please use the reference number 250324/4830.

    ENDS

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Charges laid over Symonds Street crash, investigation continuing

    Source: New Zealand Police (National News)

    Police are continuing to investigate a crash on Symonds Steet in central Auckland on Monday afternoon.

    Auckland City Road Policing Manager acting Inspector Scott Jones says five pedestrians were injured in the crash, two of which were treated at the scene.

    “One man remains in a serious but stable condition in Auckland City Hospital, with two others recovering at home.”

    Acting Inspector Jones says the 20-year-old driver has been arrested and charged with three counts of careless driving causing injury.

    He has also been forbidden to drive.

    “The driver has been bailed to appear in the Auckland District Court on 28 March,” acting Inspector Jones says.

    “Our investigation is continuing into the circumstances of the crash, and we cannot rule out further charges being laid.”

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: INVESTOR SUMMIT SPEECH

    Source: New Zealand Government

    Ka nui te mihi kia kotou, kia ora, and good morning everyone. 
    To those of you visiting us from overseas, can I extend a very special welcome to each and every one of you. 
    Welcome to New Zealand, welcome to the best country on planet Earth, and welcome to our stunning Auckland waterfront. 
    And to all those Kiwis I see in the room today, thank you for being here and showcasing some of the extraordinary businesses and talent that exists in our business community. 
    And it was a real pleasure to meet many of you informally last night, and my Ministers and I are really looking forward to spending much more time with you over the next two days. 
    I meant it before when I said this is the best country on planet Earth. 
    Because what makes New Zealand so very special and unique is our Kiwi Spirit which is exemplified in the qualities, character, and attitude of New Zealanders.  
    For us, it‘s about resilience and determination, ingenuity and innovation, adventure and exploration, creativity and practical problem-solving, humility and mateship, fairness, and a deep care for our land and community. 
    It’s no surprise that growing up in New Zealand, our heroes are Kiwi trailblazers and pioneers, people who have dared to push boundaries, challenge the status quo, and leave a lasting mark on the world.
    From our early Māori explorers navigating vast oceans guided by the stars, to modern-day adventurers like Sir Edmund Hillary conquering Everest.   
    To Ernest Rutherford, the father of nuclear physics, who split the atom and revolutionised our understanding of science. To Rocket Lab’s Peter Beck and his groundbreaking developments in rocket technology launching satellites into space. 
    And Kate Shepperd, who secured New Zealand women the right to vote – the very first country in the world to do so. 
    And our phenomenal athletes who show the world what determination and talent can achieve. Or the stunning world of The Lord of the Rings created by one of our most creative storytellers – Peter Jackson.
    We may be a small country, but time and again, we have proven that size is no barrier to greatness. From the peaks of Everest to the frontlines of social progress, from scientific breakthroughs to arts and sporting legends, Kiwis have led the way.
    And we’re living in an age when New Zealand has never been closer to the action – right in the middle of the booming Indo-Pacific with direct connections to Asia and North America. 
    With the weight of global economic activity shifting from the Atlantic to the Pacific and digital connections breaking down barriers, New Zealand has never been closer to the world.  
    But for all our spirit and hard work, we also know New Zealand can’t do it alone. 
    We’re a small country of around five million people like Ireland, Singapore, and Denmark. 
    Just as those countries have prospered by tapping into larger markets, building stronger international connections, and fostering trade and investment, New Zealand needs to do the same. 
    If we want our country to thrive, we need to work even harder to compete on the world stage – and, in particular, to unlock the commercial partnerships that will supercharge the next generation of growth in the New Zealand economy. 
    That means the Government will work more with Industry to deliver much of the infrastructure and projects that will be showcased over the next two days. 
    Many of your organisations will have extensive experience delivering outstanding world-class infrastructure to national and regional governments worldwide.
    I want New Zealand to seize every opportunity to partner with the private sector and deliver a fresh generation of infrastructure investment to unleash economic growth.  
    But it’s not just infrastructure. 
    I want to develop closer ties between outstanding New Zealanders and their companies based here, with investors and organisations based offshore.  
    I also want to unlock more partnerships between indigenous Iwi Māori organisations and commercial investors, whether they are based in Auckland or Abu Dhabi, Dunedin or Denver.  
    I want start-ups based in Christchurch and Hamilton fighting for seed capital in San Francisco and London – winning their share of global influence and success. 
    Breaking perceptions about the New Zealand economy is critical to that. 
    Yes, we have globally competitive dairy, film, and tourist industries, but our space industry is also operating at the cutting edge, ranking fourth in the world for launches behind the US, China, and Russia. 
    Over the next two days, you will hear more about our plan to unleash growth and ensure New Zealand reaches its full potential. 
    We want you to join us on that journey, and we will have several opportunities on display. 
    That will include the opportunity to deliver infrastructure in partnership with the Crown – both in the form of immediate opportunities and the pipeline of projects going forward. 
    It will include working with Iwi Māori organisations to grow their businesses as they make a multigenerational investment in their people. 
    It will include opportunities in a range of specific sectors where we believe New Zealand has a unique role to play and where we expect the Government to focus its efforts on growth. 
    In the very short term, we have made good economic progress in our first year in Government, although there’s still a long way to go. 
    New Zealand is now in the early stages of a cyclical economic recovery, with growth beginning to pick up and unemployment expected to peak around its current rate. 
    Inflation has fallen and now sits comfortably anchored within the Reserve Bank’s target band at 2.2%. 
    Annual tourism expenditure was up 23% last year, and services and manufacturing activity have returned to growth after extended periods of contraction. 
    Business confidence is at around its highest level in a decade. As confidence has risen, retail trade has picked up, and growth is expected to rise, hitting 3% in 2026. 
    So, there’s now cause for optimism in the New Zealand economy that the recovery is underway and better days lie ahead. 
    For policymakers here in New Zealand, that poses an opportunity – not just to watch the economic recovery, but to shape it. 
    Step-changing economic productivity, lifting incomes, creating jobs, and unleashing the investment New Zealand needs to become much more prosperous.  
    Which brings us to today. 
    I know the only way we will raise incomes, lift New Zealanders’ standard of living, and fund the quality public services we rely on is by unlocking more investment, more innovation, and more entrepreneurship.
    Having broken inflation last year, our collective focus has now turned to shaping the economic recovery – ensuring we take every possible step to lift New Zealand’s economic performance. 
    That renewed energy and effort forms the backdrop of this Summit. 
    My Government is working around the clock to make New Zealand an outstanding place to do business. 
    But before I highlight some of those reforms and my economic priorities as Prime Minister, I want to make a more fundamental point about New Zealand as an investment destination. 
    New Zealand has been and will continue to be a poster child for social and political stability in a more volatile and challenging world. 
    That reputation is long-standing, but in challenging times, it has come into sharper focus. 
    We stand up for our values and live by them, too. That means respecting civil liberties, private property and private life, and the democratic and social institutions that underpin them. 
    We consistently advocate for a rules-based international order that allows small countries like New Zealand to thrive. Free trade isn’t just an idea in New Zealand; it’s the bedrock of our prosperity. 
    For farmers and growers living in rural New Zealand, it has allowed a modern economic miracle: the opportunity to not just collectively operate one of the most efficient agricultural sectors in the world but to live in some of the most stunning parts of the world while they do it. 
    Finally, we might disagree sometimes – but we’re not disagreeable. Over the next two days, you will hear from various political leaders.
    You will hear from senior Ministers representing each of the three political parties in our Coalition Government, as well as Barbara Edmonds, the Labour Party’s Opposition Finance Spokesperson.  
    It’s pretty normal in New Zealand for political parties to disagree with each other – often loudly, and sometimes even with my own Coalition colleagues. 
    But I believe the broad political representation that is here demonstrates that most New Zealanders share the same motivations – higher incomes and more financial freedom, quality public services, and a long-standing belief that our best days lie ahead of us. 
    When you look at all the tension, volatility, and strife in the world today, I think that makes us pretty special, and a very attractive destination for anyone looking to take shelter from the global storm. 
    Political stability, however, is not an excuse for a lack of ambition. 
    You should be under no illusions about my commitment to the Government’s growth agenda and the reforms we are pushing through to unleash investment in the New Zealand economy. 
    Last month, Minister for Economic Growth Nicola Willis published our Government’s Going for Growth Agenda – we have copies for you here – which outlines a range of actions we are taking to get the New Zealand economy moving and realising its vast potential. 
    Each of those actions fits into one of five pillars we have identified as critical to lifting economic growth and improving New Zealanders’ standard of living:

    Developing talent,
    Encouraging innovation, science, and technology,
    Introducing competitive business settings,
    Promoting global trade and investment,
    And delivering infrastructure for growth. 

    Across each of those pillars, we have Ministers from across the Government working day and night to drive through reform – in transport,  tourism, aquaculture, construction, advanced aviation, mining, energy, agriculture, and horticulture. 
    Over the next two days, you will hear much more about our work programme in those areas that will play a critical role in the next phase of New Zealand’s growth story – with more information on a series of specific investable propositions available in the private sector. 
    Among that reform programme are some significant changes designed to achieve a profound step change in the New Zealand economy that I would like to touch on today. 
    For a start, we are clearing away decades of broken planning law – brick by brick. 
    We have introduced the Fast Track regime, which streamlines the consenting process for projects that are regionally and nationally significant. 
    In short, instead of seeking different permissions under different laws, under Fast Track, it’s all done in one place, with a faster process and fewer hurdles to getting underway. 
    That regime is now up and running, and I know a number of projects have already submitted applications since it became operational last month. 
    In short, if you want to build a wind farm, a highway, a quarry, hundreds of new homes, or any other regionally or nationally significant projects, we are busting down the doors to make it happen faster and cheaper. 
    149 projects have already been listed in legislation, but nothing prevents new projects from applying for referral into the scheme. 
    And it doesn’t stop with Fast Track. 
    Further planning reforms are also on the way, including a total replacement of the Resource Management Act. 
    We are also eliminating the barriers to more significant investment in energy and generation to unleash abundant, affordable energy. 
    The impact of unaffordable and unreliable energy on economic growth has been brought into the spotlight in recent years following the Russian invasion of Ukraine. 
    Industries in Europe that had historically relied on access to low-cost natural gas came under tremendous strain, putting pressure on growth and household incomes. 
    In New Zealand, we are lucky that 85% of electricity generation is already renewable, thanks to decades of investment in hydro, wind, solar, and geothermal.  
    But we can’t risk falling short in the years to come. So, as a Government, we are tearing down the barriers to fresh energy investment. That means introducing more permissive rules for renewables.
    But it also means ending restrictions on offshore oil and gas exploration – and providing certainty for market participants by confidently saying that gas has to be part of New Zealand’s energy mix going forward.  
    At the same time, we are making it easier to invest in New Zealand from offshore.  
    That started last year, with fresh directives to our Overseas Investment Office, which slashed processing times and made applications more predictable. 
    Today, an application for offshore investment is approved within 18 days on average, compared to 28 days prior to those changes.
    And two weeks ago, we announced upcoming changes to legislation designed to further improve the timeliness and reliability of our overseas investment regime. 
    We also announced just last month that, from April 1 this year, individuals who invest at least $5 million in New Zealand will be eligible for an Active Investor Visa, with a pathway to residency after three years. 
    I know that for many of you from offshore in this room, that will be positive news. But as a New Zealander, I have to say it’s an even bigger deal for the sharp, ambitious Kiwis here and all around the country, who are hungry for capital and hungry to grow. 
    We know the impact foreign investment has on local businesses. It’s not just the capital investment; it’s the skills, connections, and linkages into new markets. 
    That translates into higher wages, more jobs, more money in Kiwi wallets, and more resilient businesses that make an even greater contribution in the community. 
    We need more of it, especially for a small country hungry to grow like New Zealand, which is why I have invited many of you here today. 
    I believe New Zealand’s best days are ahead of us—and we can make them happen if we get serious about partnering with commercial expertise to solve some of our biggest economic challenges and seize on the huge economic opportunities ahead of us. 
    Helping to end New Zealand’s infrastructure deficit through private sector partnership.
    Fattening out our capital markets and opening up new sectors for growth.
    Strengthening our connections to the world, enhancing technology, lifting productivity, and opening new markets for our products and services. 
    Over the next two days, you will hear from a range of leaders—cabinet Ministers, business leaders, and Iwi Māori leaders—who I know are committed to responding to our challenges and opportunities. 
    There will also be plenty of time across both days for closer interactions and to discuss the opportunities and challenges that you are confronting in your own businesses. 
    While you’re here, please also enjoy our hospitality and culture. We’re not just here to do business—we’re here to build relationships and make the case for New Zealand as an outstanding country to invest in, to visit, and to establish roots in. 
    So once again, and on behalf of the New Zealand Government and the New Zealand people, welcome to this year’s Summit. 
    I’m excited to get stuck in – and I can’t wait to hear more from you over the next two days about your approach to business and the difference you could make for growth, investment, jobs, and opportunity for us here in New Zealand. 
    Thank you. 

    MIL OSI New Zealand News

  • MIL-OSI USA: Reed: Trump Slashing SBA, Decimating Service and Oversight, & Shifting New Student Loan Portfolio onto Agency is Another Economic Blow to Main Street and Taxpayers

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    PROVIDENCE, RI – After the Trump Administration announced plans to slash 43 percent of the U.S. Small Business Administration’s (SBA) workforce while also reducing SBA capabilities and shifting management of the federal government’s student loan portfolio from the U.S. Department of Education to the SBA, U.S. Senator Jack Reed (D-RI) denounced the move as irresponsible and harmful to small businesses, students, and taxpayers alike.
    “Small businesses are a big part of our economy and we should be helping them innovate, grow, and thrive,” said Senator Reed, the Ranking Member of the Senate Appropriations Financial Services and General Government (FSGG) Subcommittee, which oversees funding for the SBA.  “Instead of cutting red tape, President Trump is piling on new bureaucratic challenges and decimating customer service capabilities of federal agencies.  He is eliminating key SBA resources and staff that help small businesses access capital and create jobs while at the same time trying to tack on new student loan mandates.  His chaotic tariff taxes are already raising costs for entrepreneurs, and these latest SBA cuts will add more financial pressure and uncertainty for many small businesses.”
    “President Trump’s irresponsible decision to downsize the SBA and saddle it with overseeing a massive $1.6 trillion student loan portfolio of over 40 million-plus Americans makes zero sense. The intent to transfer these loans flies in the face of both education and appropriations law.  It would sow chaos and confusion, burden borrowers, and needlessly cost taxpayers.  If people don’t know where to turn or can’t get the expert help they need from the proper federal agency then it could lead to a spike in loan defaults,” said Reed, noting President Trump can’t legally transfer management of the loan portfolio to the SBA without Congressional authorization.
    Reed continued: “Putting the financial interests of students and small businesses at risk is a screwup by the Trump Administration.  I expect these cynical ploys will be challenged in court.  And I will work with my colleagues in Congress to uphold the law, support small businesses, and ensure that student borrowers can get the loan servicing and protections they need.”
    Reed says Congressional authorization is needed in order to legally transfer management of the extensive student loan portfolio from the U.S. Department of Education to the SBA.
    Created by Congress in 1953, the SBA helps American entrepreneurs nationwide start, build, and grow businesses. The SBA is a key partner for Rhode Island small businesses, offering a variety of services that small businesses can leverage, including:
    Financing: SBA offers a range of loans, grants, and other funding programs to eligible businesses.
    Education and training: SBA offers educational programs and counseling to help small business owners start and grow their businesses.
    Disaster assistance: When disaster strikes, SBA provides critical assistance to businesses, homeowners, and renters.
    Government contracting: SBA helps small businesses compete and win government contracts.
    Policy advocacy: SBA works with Congress and local governments to ensure small business input is heard in policy matters.
    Support underserved businesses: SBA helps level the playing field for veteran, women, and minority small business owners.

    MIL OSI USA News

  • MIL-OSI USA: Reed Delivers Meals on Wheels of RI’s 21-Millionth Meal

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    PROVIDENCE, RI – In honor of “March for Meals,” U.S. Senator Jack Reed today joined Meals on Wheels of Rhode Island (MOWRI) to deliver the organization’s 21- millionth meal to a local senior citizen, highlight the critical services the organization provides to homebound Rhode Islanders, and thank volunteers for making a positive difference in their communities.
    MOWRI’s “More than a Meal” model provides clients with safety-assuring wellness checks and an opportunity for socialization. Volunteers get to know the clients they deliver to and become a trusted resource, offering not just nutrition but a sense of connection and support. These regular visits help combat the social isolation many older adults face, providing a valuable lifeline to both physical and emotional well-being.
    Maintaining a robust volunteer base is always a challenge for any service organization, and MOWRI is fortunate to have a dedicated group of some 500 annual volunteers, which is key because demand for its programs continues to grow.
    In 2025, MOWRI is serving approximately 34 percent more daily meals to homebound Rhode Islanders than five years ago. In 2024, the Home-Delivered Meal Program served more than 400,703 meals to 3,158 homebound clients statewide, including on Block Island.
    This morning, Senator Reed met with Meals on Wheels of Rhode Island team members and volunteers before visiting the home of Ms. Patricia Capuano, in Providence.  Meghan Grady, Executive Director of MOWRI; Christina Pitney, Board President of MOWRI and Senior Vice President, Government Programs of Blue Cross & Blue Shield of RI; and other supports joined Senator Reed for today’s visit.
    As a MOWRI Home-Delivered Meal Program client for the past year, Ms. Capuano has described her trusted volunteer delivery drivers as a vital part of her life, emphasizing the importance of both the meals and the personal connection they provide.
    “Meals on Wheels of RI is a critical program run by incredible people and volunteers.  The compassion, hope, and connection that volunteers serve up are just as important as their nutritious, prepared meals to keep older Rhode Islanders aging safely, comfortably, and independently right at home.  At a time when hunger in older populations continue to rise and critical nutrition assistance programs are being threatened, it is clear that MOWRI and its terrific team of volunteers play a critical role in keeping our seniors well-connected and well-fed. Visiting Ms. Capuano and delivering MOWRI’s 21-millionth home-delivered meal was truly the highlight of my day,” said Senator Reed, who today delivered a meal of chicken ziti broccoli casserole, vegetables, and hot cinnamon apples.
    “The delivery of our 21-millionth meal marks a major milestone in our organization’s history, an accomplishment that has been made possible in large part by Senator Reed and the unwavering support of the entire Rhode Island Congressional Delegation,” said Meghan Grady, Executive Director of MOWRI. “Today’s milestone delivery also highlights the promising future ahead as we prioritize food is medicine and expand our programs to deepen our statewide impact. We are grateful for the ongoing support of community champions, donors, and volunteers who have been instrumental to our success.”
    Meals on Wheels of Rhode Island is a critical link in the state’s network of senior nutrition programs, both congregate and home-delivered.  The program’s meals are delivered through 24 meal dispatch sites around the state.  Meals on Wheels of RI largely relies on federal sources of funding to deliver food to homebound seniors in need to help them remain healthy and safe living in their own homes.
    A member of the Appropriations Committee, Senator Reed has been recognized as a Congressional champion of the Meals on Wheels program and has led efforts to secure funding for Older Americans Act (OAA) programs, which assists Meals on Wheels with serving millions of Americans across the nation.
    Founded in 1969, Meals on Wheels of Rhode Island is the only non-profit home-delivered meal program of its kind in the state.  In order to qualify for home-delivered meals, clients must be over the age of 60, homebound, no longer driving, unable to prepare food themselves. About 80 percent of Meals on Wheels clients nationwide are classified as “low-income or extremely-low-income,” according to an internal study by Meals on Wheels America.
    To learn more about volunteering with MOWRI, visit: https://www.rimeals.org/

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Promotion of Cruise and Adventure Tourism

    Source: Government of India (2)

    Posted On: 24 MAR 2025 4:02PM by PIB Delhi

    Development and promotion of tourist destinations and products, including adventure tourism is undertaken by the respective State Government/Union Territory (UT) Administration. The Ministry complements the efforts of States/UTs by developing and promoting various tourism products of the country, including cruise tourism through various schemes and initiatives.

    The Ministry of Tourism through its central sector schemes of Swadesh Darshan (SD)’, Pilgrimage Rejuvenation and Spiritual, Heritage Augmentation Drive (PRASHAD) and Assistance to Central Agencies for Tourism Infrastructure Development extends financial assistance to the State Governments/UT Administrations for tourism infrastructure development in the country.

    The list of projects sanctioned for Coastal Circuit and Cruise Project under Swadesh Darshan Scheme are given at Annexure-I. The list of projects sanctioned for infrastructure development at Ports and Waterways under the scheme of Assistance to Central Agencies are given at Annexure-II.

    In order to provide impetus to the development of adventure tourism in the country, National Strategy for adventure tourism has been prepared.

    The Strategy focuses on developing adventure destinations, promoting safety in adventure tourism, skill development, capacity building and marketing.

    This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

    ***

     

    Sunil Kumar Tiwari

    tourism4pib[at]gmail[dot]com

     

     

    List of Projects sanctioned for Coastal Circuit and Cruise Project under Swadesh Darshan Scheme

    S.

    No.

    Name of State

    Year

    Project Name

    Amount Sanctioned

    1.

    Andhra Pradesh

    2014-15

    Developmentof Circuit at Kakinada – Hope Island – Coringa Wildlife Sanctuary – Passarlapudi – Aduru – S Yanam – Kotipally

    67.83

    2.

    Andhra Pradesh

    2015-16

    Developmentof         Nellore, Pulikat Lake, Ubblamadugu water falls, Nelapattu Bird          Sanctuary, Mypadu Beach, Ramatheertham

    49.55

    3.

    Puducherry

    2015-16

    Development of Dubrayapet, Arikamedu China Veerampattinam, Chunnabmar, Nallavadu, Manapet, Kalapet, French Quarter, Tamil Quarter and Yanam

    58.44

    4.

    West Bengal

    2015-16

    Development of Beach Circuit: Udaipur- Digha- Shankarpur- Tajpur- Mandarmani- Fraserganj- Bakkhlai-Henry Island

    67.99

    5.

    Maharashtra

    2015-16

    Development of Sindhudurg Coastal Circuit (Shiroda Beach, Sagareshwar, Tarkarli, Vijaydurg (Beach & Creek), Devgad (Fort & Beach), Mitbhav, Tondavali, Mocehmad and Nivati Fort).

    19.06

    6.

    Goa

    2016-17

    Development of Sinquerim-Baga, Anjuna- Vagator, Morjim-Keri, Aguada Fort and Aguada Jail.

    97.65

    7.

    Odisha

    2016-17

    Development of Gopalpur, Barkul, Satapada and Tampara.

    70.82

    8.

    Andaman & Nicobar Islands

    2016-17

    Development of Long Island-Ross Smith Island- Neil Island- Havelock Island- Baratang Island- Port Blair.

    27.57

    9.

    Tamil Nadu

    2016-17

    Developmentof         Chennai-Mamamallapuram–Rameshwaram–Kulasekaranpattinam            – Kanyakumari

    73.13

    10.

    Goa

    2017-18

    Developmentof         Rua      De Orum Creek-Don Paula-Colva – Benaulim

    99.35

    11.

    Kerala

    2018-19

    Development of Malanad Malabar Cruise Tourism Project

    57.35

     

    Total

    688.74

    *******

    ANNEXURE-II

     

     

    List of Projects sanctioned for infrastructure development at Ports and Waterways under the scheme of Assistance to Central Agencies

    S.

    No.

    States/ UTs

    Year

    Name of Projects

    Implementing Agency

    Amount sanctioned

    1.

    Tamil Nadu

    2012-13

    Cruise Passenger Facilities Centre in the existing Passenger Terminal at Chennai Port.

    Chennai Port Trust

    1724.66

    2.

    Goa

    2014-15

    Cruise Terminal Building at Mormugao Port Trust

    Mormugao Port trust

    879.04

    3.

    Kerala

    2016-17

    Development of a Walkway/ Promenade on Willingdon Island, Cochin, Kerala

    Cochin Trust Port

    901.00

    4.

    Kerala

    2016-17

    Central Financial Assistance forupgrading of Births & Backup area of Ernakulam Wharf

    Cochin Trust Port

    2141.00

    5.

    Maharashtra

    2016-17

    Central Financial Assistance to Mumbai Port Trust for Development of Kanoji Angre Lighthouse as a tourist Destination

    Mumbai Port trust

    1500.00

    6.

    Maharashtra

    2017-18

    Up-gradation /modernization to International Cruise terminal at Indira Dock, Mumbai.

    Mumbai Port Trust

    1250.00

    7.

    Goa

    2018-19

    Improvement of immigration facility and

    deepening of existing cruise berth at Mormougao

    Mormugao Port trust

    1316.40

    8.

    Kerala

    2018-19

    Developing infrastructure at Cochin Port Cruise Terminal.

    Cochin Trust Port

    120.79

    9.

    Kerala

    2018-19

    Creation of additional tourism facilities at the Cochin Port Trust Walkway

    Cochin Trust Port

    466.47

    10.

    Andhra Pradesh

    2018-19

    Construction of Cruise-cum-Coastal Cargo Terminal at  Channel berth area in Outer Harbour of Visakhapatnam Port

    Visakhapatnam Port Trust

    3850.00

    11.

    Kerala

    2019-20

    CFA for Development of Additional infrastructure in the new Cochin Port Trust Terminal

    Cochin Trust Port

    1029.70

    12.

    Goa

    2021-22

    Creation of facilities for International and Domestic Cruise Vessels at Mormugao Port, Goa by Mormugao Port Trust (MPT)

    Mormugao Port Trust

    5000.00

    13.

    Maharashtra

    2021-22

    Upgradation/ Moderni sation to International Cruise Terminal at Indira Dock, Mumbai Port Trust

    Mumbai Port Trust

    3750.00

    Total

    23929.06

     

    *******

    (Release ID: 2114401) Visitor Counter : 65

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: FINANCIAL ASSISTANCE AND REGULATORY FRAMEWOR UNDER ARHCs SCHEME

    Source: Government of India (2)

    Posted On: 24 MAR 2025 5:10PM by PIB Delhi

    Ministry of Housing and Urban Affairs (MoHUA) launched Affordable Rental Housing Complexes (ARHCs) as a sub-scheme of Pradhan Mantri Awas Yojana – Urban (PMAY-U) to provide dignified living to urban migrants/poor near their workplace. This scheme is implemented through two models:

    1. Model-1: Utilizing existing Government funded vacant houses constructed under Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and Rajiv Awas Yojana (RAY) to convert into ARHCs through Public Private Partnership (PPP) or by Public Agencies,
    2. Model-2: Construction, Operation & Maintenance of ARHCs by Public/Private Entities on their own available vacant land.

    Beneficiaries of ARHCs are urban migrants/poor from Economically Weaker Section (EWS)/Low Income Group (LIG). They include labour, urban poor (street vendors, rickshaw pullers, other service providers etc.), industrial workers, and migrants working with market/trade associations, educational/health institutions, hospitality sector, long term tourists/visitors, students or any other persons of such category.

    Under Model-1, so far, 5,648 existing Government funded vacant houses have been converted into ARHCs in different States/Union Territories (UTs). Under Model-2, MoHUA has approved proposals for 82,273 new ARHC units in 7 States, of which 35,425 have been completed and remaining are under different stages of initiation/construction. These ARHCs provide dignified living with all civic amenities to the eligible beneficiaries at an affordable rate.  A total of ₹173.89 crore of Technology Innovation Grant (TIG) has been sanctioned, of which ₹83.26 crore has been released under ARHCs.

    As per scheme guidelines, the initial affordable rent of ARHCs is fixed by the local authority based on a local survey. Subsequently, rent is enhanced biennially by 8%, subject to a maximum increase of 20% in aggregate, over a period of 5 years, effective from the date of signing the contract. The same mechanism is followed over the entire concession period i.e. 25 years.

    As per the operational guidelines of ARHCs, various benefits/incentives were proposed by the Government to encourage proactive participation of Public/Private Entities in the construction and management of ARHCs. The operation guidelines are available at https://arhc.mohua.gov.in/filesUpload/Operational-Guidelines-of-ARHCs.pdf.

    So far, the Ministry has not conducted any assessment of ARHCs. However, based on the learning from the experiences of 9 years implementation of PMAY-U, MoHUA has revamped the scheme and launched PMAY-U 2.0 ‘Housing for All’ Mission with effect from 01.09.2024 for implementation in urban areas across the country to construct, purchase and rent a house by 1 crore additional eligible beneficiaries at affordable cost through four verticals i.e., Beneficiary Led Construction (BLC), Affordable Housing in Partnership (AHP), Affordable Rental Housing (ARH) and Interest Subsidy Scheme (ISS). ARH vertical of PMAY-U 2.0 aims to construct rental housing projects for EWS/LIG beneficiaries including migrant workers and other poor who do not want to own a house but require housing for short term basis. The scheme guidelines of PMAY-U 2.0 are available at https://pmay-urban.gov.in/uploads/guidelines/Operational-Guidelines-of-PMAY-U-2.pdf.

    The reply was given by THE MINISTER OF STATE IN THE MINISTRY OF HOUSING AND URBAN AFFAIRS SHRI TOKHAN SAHU in Rajya Sabha Today.

    *****

    SK

    (Release ID: 2114459) Visitor Counter : 46

    MIL OSI Asia Pacific News

  • MIL-OSI USA: NASA’s Curiosity Rover Detects Largest Organic Molecules Found on Mars

    Source: NASA

    Researchers analyzing pulverized rock onboard NASA’s Curiosity rover have found the largest organic compounds on the Red Planet to date. The finding, published Monday in the Proceedings of the National Academy of Sciences, suggests prebiotic chemistry may have advanced further on Mars than previously observed.
    Scientists probed an existing rock sample inside Curiosity’s Sample Analysis at Mars (SAM) mini-lab and found the molecules decane, undecane, and dodecane. These compounds, which are made up of 10, 11, and 12 carbons, respectively, are thought to be the fragments of fatty acids that were preserved in the sample. Fatty acids are among the organic molecules that on Earth are chemical building blocks of life.
    Living things produce fatty acids to help form cell membranes and perform various other functions. But fatty acids also can be made without life, through chemical reactions triggered by various geological processes, including the interaction of water with minerals in hydrothermal vents.
    While there’s no way to confirm the source of the molecules identified, finding them at all is exciting for Curiosity’s science team for a couple of reasons.
    Curiosity scientists had previously discovered small, simple organic molecules on Mars, but finding these larger compounds provides the first evidence that organic chemistry advanced toward the kind of complexity required for an origin of life on Mars.

    The new study also increases the chances that large organic molecules that can be made only in the presence of life, known as “biosignatures,” could be preserved on Mars, allaying concerns that such compounds get destroyed after tens of millions of years of exposure to intense radiation and oxidation.
    This finding bodes well for plans to bring samples from Mars to Earth to analyze them with the most sophisticated instruments available here, the scientists say.
    “Our study proves that, even today, by analyzing Mars samples we could detect chemical signatures of past life, if it ever existed on Mars,” said Caroline Freissinet, the lead study author and research scientist at the French National Centre for Scientific Research in the Laboratory for Atmospheres and Space Observations in Guyancourt, France
    In 2015, Freissinet co-led a team that, in a first, conclusively identified Martian organic molecules in the same sample that was used for the current study. Nicknamed “Cumberland,” the sample has been analyzed many times with SAM using different techniques.

    Curiosity drilled the Cumberland sample in May 2013 from an area in Mars’ Gale Crater called “Yellowknife Bay.” Scientists were so intrigued by Yellowknife Bay, which looked like an ancient lakebed, they sent the rover there before heading in the opposite direction to its primary destination of Mount Sharp, which rises from the floor of the crater.
    The detour was worth it: Cumberland turns out to be jam-packed with tantalizing chemical clues to Gale Crater’s 3.7-billion-year past. Scientists have previously found the sample to be rich in clay minerals, which form in water. It has abundant sulfur, which can help preserve organic molecules. Cumberland also has lots of nitrates, which on Earth are essential to the health of plants and animals, and methane made with a type of carbon that on Earth is associated with biological processes.
    Perhaps most important, scientists determined that Yellowknife Bay was indeed the site of an ancient lake, providing an environment that could concentrate organic molecules and preserve them in fine-grained sedimentary rock called mudstone.
    “There is evidence that liquid water existed in Gale Crater for millions of years and probably much longer, which means there was enough time for life-forming chemistry to happen in these crater-lake environments on Mars,” said Daniel Glavin, senior scientist for sample return at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and a study co-author.

    [embedded content]

    The recent organic compounds discovery was a side effect of an unrelated experiment to probe Cumberland for signs of amino acids, which are the building blocks of proteins. After heating the sample twice in SAM’s oven and then measuring the mass of the molecules released, the team saw no evidence of amino acids. But they noticed that the sample released small amounts of decane, undecane, and dodecane.
    Because these compounds could have broken off from larger molecules during heating, scientists worked backward to figure out what structures they may have come from. They hypothesized these molecules were remnants of the fatty acids undecanoic acid, dodecanoic acid, and tridecanoic acid, respectively.
    The scientists tested their prediction in the lab, mixing undecanoic acid into a Mars-like clay and conducting a SAM-like experiment. After being heated, the undecanoic acid released decane, as predicted. The researchers then referenced experiments already published by other scientists to show that the undecane could have broken off from dodecanoic acid and dodecane from tridecanoic acid.
    The authors found an additional intriguing detail in their study related to the number of carbon atoms that make up the presumed fatty acids in the sample. The backbone of each fatty acid is a long, straight chain of 11 to 13 carbons, depending on the molecule. Notably, non-biological processes typically make shorter fatty acids, with less than 12 carbons.
    It’s possible that the Cumberland sample has longer-chain fatty acids, the scientists say, but SAM is not optimized to detect longer chains.
    Scientists say that, ultimately, there’s a limit to how much they can infer from molecule-hunting instruments that can be sent to Mars. “We are ready to take the next big step and bring Mars samples home to our labs to settle the debate about life on Mars,” said Glavin.This research was funded by NASA’s Mars Exploration Program. Curiosity’s Mars Science Laboratory mission is led by NASA’s Jet Propulsion Laboratory in Southern California; JPL is managed by Caltech for NASA. SAM (Sample Analysis at Mars) was built and tested at NASA’s Goddard Space Flight Center in Greenbelt, Maryland. CNES (the French Space Agency) funded and provided the gas chromatograph subsystem on SAM. Charles Malespin is SAM’s principal investigator.
    By Lonnie ShekhtmanNASA’s Goddard Space Flight Center, Greenbelt, Md.

    MIL OSI USA News

  • MIL-OSI USA: FEMA to Host Housing Resource Fair Mar. 28- 29 in Statesboro

    Source: US Federal Emergency Management Agency

    Headline: FEMA to Host Housing Resource Fair Mar

    28- 29 in Statesboro

    FEMA to Host Housing Resource Fair Mar

    28- 29 in Statesboro

    FEMA is hosting a Housing Resource Fair Friday and Saturday, Mar

    28- 29, from 9 a

    m

    to 5 p

    m

    in Statesboro at the following location: `Honey Bowen Building1 Max Lockwood Dr

    Statesboro, GA 30458The Housing Resource Fair will bring together federal, state and local agencies in one place to offer services and resources to families recovering from Hurricane Helene

     The goal of this collaborative effort is to help connect eligible disaster survivors with affordable housing along with valuable information and resources on their road to recovery

    Survivors will meet with local housing organizations, property owners and landlords, as well as gain information on the HEARTS Georgia Sheltering Program, and U

    S

    Small Business Administration (SBA) loans

    The Housing Resource Fair is an opportunity for survivors to: Explore affordable housing options and rental assistance programs

    Meet with representatives from local housing organizations, landlords and property managers

    Gain access to resources for displaced individuals and families

    Learn about community partners that will provide educational funding resources to attendees

     For FEMA Federal Coordinating Officer Kevin Wallace, the Housing Resource Fair will give survivors that needed one-on-one experience: “We want survivors to know we are here for them and want to see the best outcome, which is moving into safe, sanitary and functioning housing,” he said

     “We will walk them through their options to ensure they are aware of the resources that are available to fit their need

    ”Anyone who was affected by Tropical Storm Debby or Hurricane Helene, whether they have applied for FEMA assistance or not, is welcome to attend

    jakia

    randolph
    Mon, 03/24/2025 – 12:27

    MIL OSI USA News

  • MIL-OSI USA: California doubles down to protect communities from wildfire with 25 key deliverables for 2025

    Source: US State of California 2

    Mar 24, 2025

    What you need to know: The Governor’s Wildfire and Forest Resilience Task Force released a list of 25 key deliverables to build on the state’s ongoing efforts to protect Californians from increasing threats posed by catastrophic wildfire and a changing climate.

    SACRAMENTO – Following the devastation of the Los Angeles firestorms and with escalating risks of catastrophic wildfires, the Governor’s Wildfire and Forest Resilience Task Force today released a list of 25 key deliverables that will protect communities and natural landscapes statewide. 

    The list builds on Governor Gavin Newsom’s emergency proclamation to expedite wildfire prevention projects across the state, and the extensive work of the Task Force to date. A full list of the 2025 Key Deliverables is available here.

    The deliverables outline the highest priority actions underway this year to achieve the commitments in California’s Wildfire and Forest Resilience Action Plan, launched in 2021, and to advance key new initiatives that will be highlighted in the forthcoming update of the Action Plan to be released later this year. Many of the deliverables are already underway.

    The Los Angeles firestorms put another exclamation point on the need to use every tool we have available to protect communities from wildfire. These deliverables pull from the state’s already nation-leading toolbox of solutions and push California to move even faster.

    Governor Gavin Newsom

    This comes at a critical time, building on the unprecedented actions Governor Newsom has already taken in response to the Los Angeles fires and advancing the Governor’s emergency proclamation to cut red tape and fast-track wildfire prevention projects.

    “The Task Force has made strong progress to protect Californians from catastrophic wildfire,” said California Natural Resources Secretary Wade Crowfoot. “But much more work is needed. These deliverables chart out critical solutions we will put in place to protect people and their homes, restore the health of our landscapes, and continue to build out a long-term comprehensive approach to strengthening our resilience to wildfire.” 

    What are the top priorities of the 2025 Key Deliverables?

    The deliverables strategically prioritize community safety, forest health, and rural economies through actions that will:

    • Improve home and community wildfire resilience.
    • Streamline regulatory processes.
    • Expand landscape-scale resilience programs.
    • Scale-up beneficial fire.
    • Increase post-fire restoration programs.
    • Create forest sector jobs and a sustainable wood products market.
    • Build a science-based framework for measuring progress.

    Building on nation-leading progress

    The 2025 Key Deliverables are the next advancement made by California to increase wildfire response and forest management in the face of a hotter, drier climate. From day 1, Governor Newsom declared California’s firefighters and wildfire resilience as a top priority of his administration. Since taking office, the Governor has committed more resources and investments than ever before to significantly boost wildfire response capabilities while tackling root causes of the wildfire crisis head-on. A full list of California’s progress on wildfire resilience is available here.

    Historic investments — Overall, the state has more than doubled investments in wildfire prevention and landscape resilience efforts, providing more than $2.5 billion in wildfire resilience since 2020, with an additional $1.5 billion to be allocated from the 2024 Climate Bond.

    On-the-ground progress — More than 2,200 landscape health and fire prevention projects are complete or underway, and from 2021-2023, the state and its partners treated nearly 1.9 million acres, including nearly 730,000 acres in 2023. 

    Increasing transparency — The Governor’s Task Force launched an Interagency Treatment Dashboard to display completed federal, state, local, and private vegetation management projects across the state. The Dashboard, launched in 2023, provides transparency, tracks progress, facilitates planning, and informs firefighting efforts.

    Protecting communities — Since 2019, CAL FIRE has awarded more than $450 million for 450 wildfire prevention projects across the state and conducts Defensible Space Inspections on more than 250,000 homes each year.

    Leveraging cutting-edge technology — On top of expanding the world’s largest aerial firefighting fleet, CAL FIRE has doubled its use of drones and the state is utilizing AI-powered tools to spot fires quicker.

    Press Releases, Recent News

    Recent news

    News What you need to know: Governor Newsom, in partnership with the Legislature, is announcing the largest-ever funding award of $76 million to 347 community groups and nonprofit organizations to protect them from hate-motivated violence. Sacramento, California –…

    News What you need to know: 125 new California Highway Patrol officers sworn in to protect the state. WEST SACRAMENTO – Marking the successful completion of an intense 26-week training program, today Governor Newsom congratulated 125 cadets who graduated into their…

    News 10 days left to apply for assistance and no-cost debris removal for Los Angeles fire survivors What you need to know: The March 31 deadline is quickly approaching for residents affected by recent wildfires in Los Angeles County to apply for critical disaster…

    MIL OSI USA News

  • MIL-OSI USA: NEWS RELEASE: CBED Program Awards Grant to INPEACE to Support Native Hawaiian Businesses at 2025 Merrie Monarch Festival

    Source: US State of Hawaii

    NEWS RELEASE: CBED Program Awards Grant to INPEACE to Support Native Hawaiian Businesses at 2025 Merrie Monarch Festival

    Posted on Mar 24, 2025 in Latest Department News, Newsroom

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

    DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISM

    KA ʻOIHANA HOʻOMOHALA PĀʻOIHANA, ʻIMI WAIWAI A HOʻOMĀKAʻIKAʻI

     

    BUSINESS DEVELOPMENT AND SUPPORT DIVISION

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIAʻĀINA

     

    JAMES KUNANE TOKIOKA

    DIRECTOR

    KA LUNA HOʻOKELE

     

    DENNIS T. LING

    ADMINISTRATOR

    CBED PROGRAM AWARDS GRANT TO INPEACE TO SUPPORT NATIVE HAWAIIAN BUSINESSES AT 2025 MERRIE MONARCH FESTIVAL

     

    FOR IMMEDIATE RELEASE

    March 24, 2025

     

    HONOLULU – The Department of Business, Economic Development and Tourism (DBEDT) Community-Based Economic Development (CBED) Program has awarded an $8,000 grant to the Institute for Native Pacific Education and Culture (INPEACE) Center for Entrepreneurship. The funding will support nine Native Hawaiian-owned small businesses in participating as vendors at the Kākoʻo Hawaiʻi Merrie Monarch Market, taking place April 24-26, 2025 at Sangha Hall in Hilo, Hawai‘i, in conjunction with the Merrie Monarch Festival.

    “The CBED Program is committed to fostering economic opportunities that strengthen Hawaiʻi’s small business community, particularly those that align with cultural preservation and sustainability,” said DBEDT Business Support Division Branch Chief Mark Ritchie. “By supporting Native Hawaiian entrepreneurs at the Merrie Monarch Festival, we are investing in the long-term success of local businesses while celebrating and perpetuating Hawaiian culture.”

    As one of Hawai‘i’s premier cultural events, the Merrie Monarch Festival attracts thousands of attendees, including residents, visitors and cultural practitioners. The Kākoʻo Hawaiʻi Merrie Monarch Market, which runs alongside the festival, provides a unique opportunity for local artisans, food vendors and entrepreneurs to showcase their products, increase brand recognition and generate revenue.

    “This funding allows us to provide critical support for Native Hawaiian small businesses – helping them grow their brands, expand their customer base and contribute to the local economy,” said Lisa Pakele, program director of the INPEACE Center for Entrepreneurship. “We are grateful to the CBED Program for its commitment to community-based economic development.”

    The grant funding will cover vendor booth fees, travel expenses and marketing efforts to enhance visibility for participating businesses. The selected cohort includes:

    • Bujo Bae: Island-inspired stationery, paper goods, scrapbooking materials and journals. (Honolulu, O‘ahu)
    • Honolulu Baby Company: Keiki apparel and accessories that are comfy, conscious and cute. (Honolulu, O‘ahu)
    • Kākou Collective: Stationery, greeting cards, notebooks and apparel featuring hand-drawn artwork by Native Hawaiian artist Kea Peters. (‘Ewa Beach, O‘ahu)
    • Kaulana Mahina: A research-based resource promoting Hawaiian culture and language through mahina workshops, moon calendars, maps, keiki books and more. (Keaʻau, Hawaiʻi Island)
    • Keha Hawai‘i: A blend of classic and contemporary fashion for men and women that pays homage to the ʻāina, kānaka, ʻōlelo and moʻolelo of Hawaiʻi. (Honolulu, O‘ahu)
    • The Keiki Dept: A lifestyle brand for the ‘ohana that encourages families to have conversations about the plants and animals featured on their products. (ʻAiea, O‘ahu)
    • Mahina Made: A Hawaiʻi lifestyle brand of apparel, accessories and home goods. (Honolulu, O‘ahu)
    • Pawniolo Pets: Offering high-quality pet food and snacks rooted in the traditions of its family cattle ranch on Hawaiʻi Island. (Waimea, Hawaiʻi Island)
    • Sweetheart Farm: Farm-fresh products ranging from microgreens and chili pepper jelly to baked goods and lilikoi butter. (Hilo, Hawai‘i Island)

    The CBED Program supports initiatives that promote economic self-sufficiency and sustainable business development in Hawaiʻi. By investing in community-driven projects, DBEDT aims to strengthen local industries, enhance job creation and foster long-term economic resilience.

    For more information about the CBED Program and its initiatives, visit https://invest.hawaii.gov/business/cbed/. To learn more about INPEACE and its programs, visit https://inpeace.org/.

    About the Department of Business, Economic Development and Tourism (DBEDT)

    DBEDT is Hawai‘i’s resource center for economic and statistical data, business development opportunities, energy and conservation information, as well as foreign trade advantages. DBEDT’s mission is to achieve a Hawai‘i economy that embraces innovation and is globally competitive, dynamic and productive, providing opportunities for all Hawai‘i’s citizens. Through its attached agencies, the department fosters planned community development, creates affordable workforce housing units in high-quality living environments and promotes innovation-sector job growth.

    About the Community-Based Economic Development (CBED) Program

    The CBED Program is dedicated to supporting the economic growth and sustainability of Hawaiʻi’s communities. By providing grants, loans and technical assistance, CBED empowers local businesses and organizations to thrive and contribute to a vibrant local economy.

    About the Institute for Native Pacific Education and Culture (INPEACE)

    INPEACE is a nonprofit organization committed to the education, culture and economic development of Native Hawaiians. Through a range of programs and initiatives, INPEACE strives to create opportunities that promote self-sufficiency and enhance the quality of life for Native Hawaiian communities. The INPEACE Center for Entrepreneurship supports new family-owned businesses and start-ups on the Leeward Coast of O‘ahu to increase their capacity to succeed. The center provides intensive individual support, personal and business finance training, 1-on-1 coaching, access to business micro loans, peer networking, business equipment, administrative back-office support, specialized services and expert mentors.

    # # #

     

    Media Contacts:

     

    Laci Goshi

    Communications Officer

    Department of Business, Economic Development and Tourism
    Cell: 808-518-5480

    Email: [email protected]

    Mark Ritchie

    Branch Chief, Business Support Division

    Department of Business, Economic Development and Tourism

    Phone: 808-586-2355

    Email: [email protected]

    Lisa Pakele

    INPEACE Program Director

    Center for Entrepreneurship

    Phone 808-693-7222 ext. 116

    Email: [email protected]

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces record-breaking $76 million to safeguard local faith communities and nonprofits

    Source: US State of California 2

    Mar 24, 2025

    What you need to know: Governor Newsom, in partnership with the Legislature, is announcing the largest-ever funding award of $76 million to 347 community groups and nonprofit organizations to protect them from hate-motivated violence.

    Sacramento, CaliforniaSafeguarding Californians from hate-motivated incidents that have surged nationally, Governor Gavin Newsom today announced $76 million in grants, made in partnership with the state Legislature, to 347 community groups across the state to protect nonprofits and houses of worship from violence, the most that’s ever been awarded.

    Today more than ever, our state stands together to support our communities. Californians deserve the right to worship, love, and gather safely, without fear of violence.

    Governor Gavin Newsom

    Nearly doubling previous award amounts, this year’s California State Nonprofit Security Grant Program awardees received funding due to their high risk for violent attacks and hate crimes due to ideology, beliefs or mission with funding for security enhancements. 

    “Despite facing significant budget challenges, the California Legislature will continue to stand firm in our commitment to supporting vulnerable communities targeted by hate,” said Assemblymember Jesse Gabriel (D-Encino) and Senator Scott Wiener (D-San Francisco), the Budget Chairs of the California Legislature. “We are particularly grateful to Governor Newsom for his longstanding leadership in funding the Nonprofit Security Grant Program and for his efforts to expedite the disbursement of these vital grants. We have no doubt that this funding will continue to make a major difference in protecting the Jewish community and all communities targeted by hate.”

    Of the 347 awardees, 269 are ideology and spiritually-based organizations. More than 1,600 organizations applied during this round of funding, totaling over $325 million in requested support.

    The California Governor’s Office of Emergency Services (Cal OES) administers these funds which directly support physical security measures such as reinforced doors, gates, high-intensity lighting, access control systems, development and enhancement of security plans and protocols.

    Since the inception of the program in fiscal year 2015, the state has awarded $228,750,000 in state funding to 1,271 high-risk organizations.

    Funds are awarded through a competitive grant application for organizations that are targeted on the basis of race, religious affiliation, gender identity, sexual orientation, disability, immigration status. Applications are graded using specified criteria set out in the request for proposal.

    Fighting hate and protecting all communities 

    California is taking nation-leading measures to improve the safety, health, and well-being of the state’s diverse communities. Since 2019, the state has invested over $400 million in funding to increase community resources and address hate, including $217 million in state and federal grants to fund security infrastructure for faith-based and other non-profit institutions and $196 million in anti-hate investments to support community services for victims and survivors of hate acts. 

    Amidst the ongoing conflict in the Middle East and recent hate-related incidents throughout the nation, earlier this year, Governor Newsom released the Golden State Plan to Counter Antisemitism to address increasing attacks on California’s Jewish communities, and wrote a letter to California’s Muslim, Palestinian American, and Arab American communities denouncing hate-based attacks and the loss of innocent lives. Last year, the Governor signed legislation that established the Commission on the State of Hate and improved the tracking of hate crimes. The Governor also signed an executive order in 2022 to further protect communities against hate violence and discrimination. California launched CA vs Hate in 2023, a multilingual statewide hotline and website that provides a safe, anonymous reporting option for victims and witnesses of hate acts. Reports can be made anonymously by calling 833-8-NO-HATE. For individuals who want to report a hate crime to law enforcement immediately or who are in imminent danger, please call 911.

    Recent news

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    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to Puerto Rico Private Nonprofits Affected by Spring Storm and Flooding

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding eligible private nonprofit (PNP) organizations in Puerto Rico of the April 23, 2025, deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storm, flooding, landslides and mudslides occurring April 29 through May 10, 2024. 

    The disaster declaration covers PNPs in the municipalities of Adjuntas, Guánica, Lajas, Las Marìas, Luquillo, Maricao, Naranjito, Orocovis, Sàbana Grande, San Sebastìan, Toa Alta, Utuado and Yauco. 

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

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

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

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

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

    The deadline to return economic injury applications is April 23, 2025. 

    ### 

    About the U.S. Small Business Administration 

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

    MIL OSI USA News

  • MIL-OSI Europe: Answer to a written question – The Commission’s response to the United States’ withdrawal from the Paris Agreement – E-000403/2025(ASW)

    Source: European Parliament

    The Commission regrets that the United States is leaving the Paris Agreement, which is the most comprehensive global framework for fighting climate change.

    The Commission will stay the course on the Green Deal as the EU’s growth strategy and deploy climate diplomacy to ensure that other major emitters also show ambition in reducing greenhouse gas emissions when presenting their Nationally Determined Contributions ahead of COP 30 in Brazil.

    The Commission’s focus will be on supporting and creating the right conditions for companies to decarbonise and strengthen their competitiveness.

    This means investing and ensuring access to affordable, sustainable and secure energy supplies and raw materials, including through the Clean Industrial Deal. The Clean Industrial Deal[1], adopted on 26 February 20 25, together with the planned Industrial Decarbonisation Accelerator Act in autumn 2025, will reinforce the business case for the decarbonisation of industry in Europe.

    The Clean Industrial Deal in particular focuses on energy-intensive industries and the clean tech sector. It includes initiatives to lower energy prices, develop lead markets for EU-made decarbonised products, and leverage circularity for the availability of raw materials. These measures will foster the clean transition and contribute to prosperity of EU companies and citizens.

    • [1]  https://commission.europa.eu/document/download/9db1c5c8-9e82-467b-ab6a-905feeb4b6b0_en?filename=Communication%20-%20Clean%20Industrial%20Deal_en.pdf
    Last updated: 24 March 2025

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt – A10-0037/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt

    (COM(2024)0461 – C10‑0009/2024 – 2024/0071(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

     having regard to the Commission proposal to Parliament and the Council (COM(2024)0461),

     having regard to Article 294(2) and Article 212 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C10‑0009/2024),

     having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

     having regard to the budgetary assessment by the Committee on Budgets,

     having regard to Rule 60 of its Rules of Procedure,

     having regard to the opinion of the Committee on Foreign Affairs,

     having regard to the report of the Committee on International Trade (A10-0037/2025),

    1. Adopts its position at first reading hereinafter set out;

    2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

     

    Amendment  1

    Proposal for a decision

    Recital 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (1a) This Decision has implications for the Union budget. Accordingly, the European Parliament’s Committee on Budgets adopted a budgetary assessment, which forms an integral part of Parliament’s mandate for negotiations.

    Amendment  2

    Proposal for a decision

    Recital 2 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (2a) On 17 March 2024, Egypt and the European Union jointly decided to upgrade their relations to a strategic and comprehensive partnership, based on the values of equity and mutual respect and trust in order to strengthen their common stability, peace and prosperity.

    Amendment  3

     

    Proposal for a decision

    Recital 3

     

    Text proposed by the Commission

    Amendment

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation in Egypt will have a positive impact on EU-Egypt relations.

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development, good governance and socio-economic stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The steady improvement of the human rights situation and women’s rights and fundamental freedoms due to an active, coherent and proactive policy in that area in Egypt will have a positive impact on EU-Egypt relations.

    Amendment  4

    Proposal for a decision

    Recital 3 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (3a) Egypt’s economic and financial situation has been marked by several macroeconomic adjustment programmes implemented under the aegis of the IMF in exchange for credit facilities (USD 12 billion from 2016 to 2019 and USD 3 billion in 2022, rising to USD 8 billion in March 2024);

    Amendment  5

     

    Proposal for a decision

    Recital 5

     

    Text proposed by the Commission

    Amendment

    (5) The EU recognises Egypt’s key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

    (5) The EU recognises Egypt’s key role for regional security and stability. Terrorism, organised crime, such as human trafficking, irregular migration, and conflicts, are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Similarly, energy is also one of the most pressing challenges facing countries on both sides of the Mediterranean. The Energy Cooperation between the Union and Egypt in the Eastern Mediterranean could not only offer a source of economic prosperity for the region but also strengthen energy security for the Union by diversifying energy supplies and encouraging regional collaboration. In that respect, the East Mediterranean Gas Forum serves as a platform of positive regional cooperation. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including the International Law of the Sea, human rights and international humanitarian law.

    Amendment  6

     

    Proposal for a decision

    Recital 6

     

    Text proposed by the Commission

    Amendment

    (6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023 as well as the conflict in Sudan, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    (6) Recalling the global and regional geo-political challenges, such as the humanitarian crisis in Gaza, resulting from the aftermath of the Hamas terrorist attacks across Israel on 7 October 2023, the escalating tensions in the Horn of Africa and the safety of navigation in the Red Sea and the Suez Canal, as well as migratory pressure from the conflict in Sudan, uncertainties in Syria, the instability in Libya, Egypt’s responsibilities as a host to large numbers of refugees and migrants and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union has embarked on a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    Amendment  7

     

    Proposal for a decision

    Recital 7

     

    Text proposed by the Commission

    Amendment

    (7) The objective of the Strategic and Comprehensive Partnership with Egypt is to elevate the EU-Egypt political relations to a strategic partnership and enable Egypt to fulfil its key role of providing stability in the region. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reform process foreseen under the IMF programme for Egypt. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration; security and law enforcement cooperation; demography and human capital.

    (7) The objective of the Strategic and Comprehensive Partnership with Egypt is to elevate the EU-Egypt political relations to a strategic partnership and enable Egypt to fulfil its key role of providing stability in the region, the Middle East and North Africa. The partnership aims to contribute to support Egypt’s macroeconomic resilience and enable the implementation of ambitious socio-economic reforms in a manner that complements and reinforces the reform process foreseen under the IMF programme for Egypt. As outlined in the Joint Declaration, the partnership will address a wide set of policy measures clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; irregular migration and mobility in respect of human rights; security and law enforcement cooperation; demography and human capital. Such Strategic and Comprehensive Partnership should be developed in line with initiatives at Union and Member State level such as the Global Gateway and the Mattei Plan for Africa.

    Amendment  8

     

    Proposal for a decision

    Recital 8

     

    Text proposed by the Commission

    Amendment

    (8) Underpinning the partnership will be a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities. Part of the support package is the EU MFA package of up to EUR 5 billion in loans, composed of two MFA operations, one short-term for up to EUR 1 billion and a regular, more medium-term one for up to EUR 4 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments with the objective of generating substantial new investments. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2 .

    (8) Underpinning the partnership is a financial package of EUR 7.4 billion consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities, particularly in terms of irregular migration and renewable energy. Part of the support package is the EU MFA package of up to EUR 5 billion in concessional loans, composed of two MFA operations, one short-term for up to EUR 1 billion and a regular, more medium-term one for up to EUR 4 billion, financial instruments, such as guarantees and blending instruments, aimed at mobilising public and private investments that benefit the majority of Egyptians with the objective of generating substantial new investments. This will be complemented by programmes to support specific priorities under the Strategic and Comprehensive Partnership through individual projects and technical assistance implemented under the Neighbourhood, Development and International Cooperation Instrument2.

    __________________

    __________________

    2 Established by Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/EU and repealing Regulation (EU) 2017/1601 and Council Regulation (EC, Euratom) No 480/2009 (OJ L 209, 14.6.2021, p. 1)

    2 Established by Regulation (EU) 2021/947 of the European Parliament and of the Council of 9 June 2021 establishing the Neighbourhood, Development and International Cooperation Instrument – Global Europe, amending and repealing Decision No 466/2014/EU and repealing Regulation (EU) 2017/1601 and Council Regulation (EC, Euratom) No 480/2009 (OJ L 209, 14.6.2021, p. 1)

    Amendment  9

     

    Proposal for a decision

    Recital 9

     

    Text proposed by the Commission

    Amendment

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and of Hamas terrorist attacks against Israel have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios.

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and the geopolitical tensions and conflicts in the Middle East have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism, Suez Canal proceeds and gas production and loss of confidence among foreign investors. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios. Despite that difficult external context, in 2024 Egypt was able to implement reforms, such as the unification of exchange rates and making progress in tightening monetary policy, to help preserve macroeconomic stability.

    Amendment  10

    Proposal for a decision

    Recital 12

     

    Text proposed by the Commission

    Amendment

    (12) Egypt re-engaged with the IMF in early 2024 and reached a staff-level agreement on 6 March 2024 on a revamped Extended Fund Facility programme scaled up to USD 8 billion. The new programme is expected to be adopted by IMF Executive Board decision in March 2024 and aims to address the areas of 1) credible exchange rate flexibility, 2) sustainable tightening of monetary policy, 3) fiscal consolidation to preserve debt sustainability, 4) a new framework to rein in infrastructure spending, 5) providing adequate levels of social spending to protect vulnerable groups, and 6) implementation of the State Ownership Policy and reforms to level the playing field. Together with the staff level agreement’s signature, Egypt also enacted a flexibilisation of the exchange rate, and raised the central bank’s key policy rate by a sizeable 600 basis points, in line with the IMF programme’s priorities.

    (12) Egypt re-engaged with the IMF in early 2024 and reached a staff-level agreement on 6 March 2024 on a revamped Extended Fund Facility programme scaled up to USD 8 billion. Negotiations at expert level on the fourth revision of Egypt’s economic reform programme were concluded in December 2024. The new programme aims to address the areas of 1) credible exchange rate flexibility, 2) sustainable tightening of monetary policy, 3) fiscal consolidation to preserve debt sustainability, 4) a new framework to rein in infrastructure spending, 5) providing adequate levels of social spending to protect vulnerable groups from the cost of living and energy price rises, and 6) implementation of the State Ownership Policy and reforms to level the playing field by promoting the development of the private sector in the economy. Together with the staff level agreement’s signature, Egypt also enacted a flexibilisation of the exchange rate, and raised the central bank’s key policy rate by a sizeable 600 basis points, in line with the IMF programme’s priorities.

    Amendment  11

    Proposal for a decision

    Recital 16

     

    Text proposed by the Commission

    Amendment

    (16) Given that there is still a significant residual external financing gap in Egypt’s balance of payments over and above the resources provided by the IMF and other multilateral institutions, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt’s request for support to the economic stabilisation, in conjunction with the IMF programme. The Union’s macro-financial assistance package, including the MFA of up to EUR 4 billion under this proposal, would support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF’s financial arrangement.

    (16) Given that there is still a significant residual external financing gap in Egypt’s balance of payments over and above the resources provided by the IMF and other multilateral institutions and regional partners, the Union macro-financial assistance to be provided to Egypt is, under the current exceptional circumstances, considered to be an appropriate response to Egypt’s request for support to the economic stabilisation, in conjunction with the IMF programme. The Union’s macro-financial assistance package, including the MFA of up to EUR 4 billion under this proposal, would support the economic stabilisation and the structural reform agenda of Egypt, supplementing resources made available under the IMF’s financial arrangement.

    Amendment  12

     

    Proposal for a decision

    Recital 19

     

    Text proposed by the Commission

    Amendment

    (19) The Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies.

    (19) The Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies, including those relating to democracy, human rights and rule of law, in line with Article 2 of the EU-Egypt Association Agreement.

    Amendment  13

     

    Proposal for a decision

    Recital 22

     

    Text proposed by the Commission

    Amendment

    (22) A pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    (22) Macro-financial assistance should remain an economic instrument. However, a pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country continues to make concrete, credible and tangible steps towards respecting and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guaranteeing respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    Amendment  14

    Proposal for a decision

    Recital 23

     

    Text proposed by the Commission

    Amendment

    (23) In order to ensure that the Union’s financial interests linked to the Union’s macro-financial assistance are protected efficiently, Egypt should take appropriate measures relating to the prevention of, and fight against, fraud, corruption and any other irregularities linked to the assistance. In addition, a loan agreement to be concluded between the Commission and the Egyptian authorities should contain provisions authorising European Anti-Fraud Office (OLAF) to carry out investigations, including on-the-spot checks and inspections, in accordance with the provisions and procedures laid down in Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council3 and Council Regulation (Euratom, EC) No 2185/964 , the Commission and the Court of Auditors to carry out audits and the European Public Prosecutor’s Office to exercise its competences with regard to the provision of the Union’s macro-financial assistance during and after its availability period.

    (23) It is essential to underline that Egypt has to meet the necessary economic pre-condition for eligibility. Egypt has demonstrated its solvency and financial stability, which have been verified by the Commission. However, in order to ensure that the Union’s financial interests linked to the Union’s macro-financial assistance are protected efficiently. Egypt should take appropriate measures relating to the prevention of, and fight against, fraud, corruption and any other irregularities linked to the assistance. In addition, a loan agreement to be concluded between the Commission and the Egyptian authorities should contain provisions authorising European Anti-Fraud Office (OLAF) to carry out investigations, including on-the-spot checks and inspections, in accordance with the provisions and procedures laid down in Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council3 and Council Regulation (Euratom, EC) No 2185/964 , the Commission and the Court of Auditors to carry out audits and the European Public Prosecutor’s Office to exercise its competences with regard to the provision of the Union’s macro-financial assistance during and after its availability period.

    __________________

    __________________

    3 Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999 (OJ L 248, 18.9.2013, p. 1).

    3 Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council of 11 September 2013 concerning investigations conducted by the European Anti-Fraud Office (OLAF) and repealing Regulation (EC) No 1073/1999 of the European Parliament and of the Council and Council Regulation (Euratom) No 1074/1999 (OJ L 248, 18.9.2013, p. 1).

    4 Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities’ financial interests against fraud and other irregularities (OJ L 292, 15.11.1996, p. 2).

    4 Council Regulation (Euratom, EC) No 2185/96 of 11 November 1996 concerning on-the-spot checks and inspections carried out by the Commission in order to protect the European Communities’ financial interests against fraud and other irregularities (OJ L 292, 15.11.1996, p. 2).

    Amendment  15

     

    Proposal for a decision

    Recital 26

     

    Text proposed by the Commission

    Amendment

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them of developments relating to the assistance and provide them with relevant documents.

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them with an annual report of developments relating to the assistance and on respect for effective democratic mechanisms, as per the pre-conditions referred to in this Decision, and provide them with relevant documents.

    Amendment  16

     

    Proposal for a decision

    Recital 28

     

    Text proposed by the Commission

    Amendment

    (28) The Union’s macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    (28) The Union’s macro-financial assistance should be subject to sustainable economic policy reforms, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    Amendment  17

     

    Proposal for a decision

    Article 1 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Union shall make macro-financial assistance of a maximum amount of up to EUR 4 billion available to Egypt (“the Union’s macro-financial assistance”), with a view to supporting Egypt’s economic stabilisation and a substantive reform agenda. The release of the Union’s macro-financial assistance is subject to the approval of the Union budget for the relevant year by the European Parliament and the Council. The assistance shall contribute to covering Egypt’s balance of payments needs as identified in the IMF programme.

    1. The Union shall make macro-financial assistance in the form of concessional loans of a maximum amount of up to EUR 4 billion available to Egypt (“the Union’s macro-financial assistance”), with a view to supporting Egypt’s socio-economic stabilisation and a substantive structural reform agenda, as well as its responsibility to mitigate the effects of irregular migration and managing migratory flows. The release of the Union’s macro-financial assistance is subject to the approval of the Union budget for the relevant year by the European Parliament and the Council. The assistance shall contribute to covering Egypt’s balance of payments needs as identified in the IMF programme.

    Amendment  18

    Proposal for a decision

    Article 1 – paragraph 3 a (new)

     

    Text proposed by the Commission

    Amendment

     

    3a. Macro-financial assistance may, as far as possible, contribute to the Union’s growth and economic resilience.

    Amendment  19

     

    Proposal for a decision

    Article 2 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights.

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt continues to make concrete and credible steps towards respecting and strengthening effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and continues to make efforts in order to guarantee respect for human rights.

    Amendment  20

     

    Proposal for a decision

    Article 2 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance.

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance and report, regularly and in writing, to the European Parliament and the Council on the fulfilment of the economic policy and financial conditions set out in the Memorandum of Understanding.

    Amendment  21

    Proposal for a decision

    Article 3 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, to which the Union’s macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms, such as the new criminal procedure reform, and sound public finances, to which the Union’s macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    Amendment  22

     

    Proposal for a decision

    Article 3 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    2. The economic policy and financial conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, including for SMEs, the development of rules-based and fair trade, sustainable development, good governance and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    Amendment  23

    Proposal for a decision

    Article 4 – paragraph 4

     

    Text proposed by the Commission

    Amendment

    4. Where the conditions in paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance. In such cases, it shall inform the European Parliament and the Council of the reasons for that suspension or cancellation.

    4. Where the conditions in paragraph 3 are not met, the Commission shall temporarily suspend or cancel the disbursement of the Union’s macro-financial assistance. In such cases, it shall inform the European Parliament and the Council without delay of the reasons for that suspension or cancellation.

    Amendment  24

    Proposal for a decision

    Article 5 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 220a of Regulation (EU, Euratom) 2018/1046.

    1. In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 223 of Regulation (EU, Euratom) 2024/2509.

     

    Amendment  25

    Proposal for a decision

    Article 5 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    (2) The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 220 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. The loans shall be granted at terms that allow Egypt to repay the loan over a long period, including a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

    2. The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 223 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. Egypt shall reimburse the loan, which shall be granted at terms that allow its repayment over a long period, including, after a formal notification to the European Parliament and the Council, a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

    Amendment  26

    Proposal for a decision

    Article 6 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council7.

    1. The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2024/2509 of the European Parliament and of the Council7.

    _________________

    _________________

    7 Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union and repealing Regulation (EC, Euratom) No 966/2012 (OJ L 193, 30.07.2018, p. 1).

    7 Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj).

    Amendment  27

    Proposal for a decision

    Article 8 – paragraph 1 – point b

     

    Text proposed by the Commission

    Amendment

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 3(1);

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 2 and Article 3(1);

    Amendment  28

    Proposal for a decision

    Article 8 – paragraph 1 – point c

     

    Text proposed by the Commission

    Amendment

    (c) indicate the connection between the economic policy reform measures laid down in the Memorandum of Understanding, Egypt’s on-going economic and fiscal performance and the Commission’s decisions to release the instalments of the Union’s macro-financial assistance.

    (c) indicate the connection between Egypt’s economic policy reforms under the Memorandum of Understanding, its fiscal performance, and the release of Union macro-financial assistance, while outlining steps taken towards democratic mechanisms, the rule of law and human rights.

     

     

    EXPLANATORY STATEMENT

    Political dialogue between Egypt and the EU was suspended after the revolution in 2011, and remained frozen through 2015. However, following Sisi’s election as president in May 2014, a rapprochement between Europe and Egypt gradually began to take place. The stability of the country became defining characteristics of European policy towards the Egypt. In 2024 the European Union (‘EU’) and Egypt have agreed to deepen their relationship and develop a strategic and comprehensive partnership for shared prosperity, stability and security, based on joint interest and mutual trust and building on the already existing positive agenda in EU-Egypt relations. The Strategic and Comprehensive Partnership covers specific areas of cooperation outlined in the Joint Declaration, clustered across six pillars of intervention, namely: political relations; economic stability; investment and trade; migration; security and law enforcement cooperation; demography and human capital.

    The partnership is based on a financial package consisting of short- and longer-term support for the necessary macro-fiscal and socio-economic reform agenda, as well as increased amounts available to support investments in Egypt and targeted support for the implementation of the different strategic priorities.

    Given Egypt’s critical economic and financial situation and Egypt’s role as an important stabilising factor amid geopolitical tensions in an increasingly volatile region, the Commission proposed on 15 March 2024 to support Egypt with macro-financial assistance (‘MFA’) of up to EUR 5 billion in loans as part of the EUR 7.4 billion financial package, divided into a short-term MFA operation of up to EUR 1 billion to be disbursed in one instalment, and a regular MFA operation of up to EUR 4 billion to be disbursed in three instalments.

    The short-term MFA was agreed without involvement of the European Parliament for urgency reasons. The rapporteur highlights that this can only be an exception and European Parliament should not be bypassed in the future.

    The amount of the proposed two new MFA operations corresponds to 56.7% of the estimated residual financing gap for the period FY24/25-FY26/27. This is consistent with standard practices on burden-sharing for MFA operations (for a country with an Association Agreement, the upper limit would be 60% according to the Council conclusions of 8 October 2002), taking into account the assistance pledged to Egypt by other bilateral and multilateral donors.

    The rapporteur would like to point out that the EU’s cooperation with Egypt does not begin with this MFA which is just a piece of the puzzle and in fact consequence of a longstanding cooperation with Egypt on human rights and security highlighted by the Association Agreement/Euro-Mediterranean Agreement (2004), the EU’s new Agenda for the Mediterranean (2021), the Partnership Priorities (2022) and the Joint Declaration launching a new Strategic and Comprehensive partnership (2024). Moreover, Egypt is a strategic, economic, military and geopolitical partner of the EU and the EU is the leading investor in Egypt.

    Given the instability in the region, Egypt remains a stable partner that engages in constructive dialogue with its partners. The EU need allies like that in the Middle East, and we need to emphasise their importance.

    But Egypt is also hit by a series of external shocks.

    A migratory shock first and foremost, with almost 10 million migrants and 800 000 registered refugees. Egypt is also committed to providing access to education for children, access to health services, help in finding housing and help in finding employment, with the support of NGOs. These commitments, if they are to be carried out properly, come at a cost.

    A geopolitical shock with the uncertainty of developments in Israel / Palestine and Syria.

    An economic shock, because Egypt, like many other countries, is seeing the cost of debt repayment and civil service salaries rise, thus limiting investment capacity.

    This MFA is based on strict pre-conditions requiring Egypt to continue to make concrete and credible steps towards democratic mechanism, rule of law and human rights. The rapporteur believes that those pre-conditions embedded in the long-term cooperation with Egypt will lead to reforms and long-term improvements in the country.

    Moreover, it is important to underline that Egypt already made big improvements in several areas.

    Firstly, on human rights, with a major plan launched in 2021 underlining the country’s commitment to this path. Some may feel that things are not moving fast enough, but it is hard to deny that the country is on the right track.

    Then there is the question of the place of women in society, which is very often a thermometer of democracy in a country. Wearing the veil is not compulsory. Women have access to public jobs and elected office (27% of women elected to the House, 13% to the Senate). Although Egyptian society is seen as patriarchal, the position of women has changed considerably in recent years.

    This is a financial instrument designed to support our partner in the face of the challenges it faces, but also to help it pursue change. The European Parliament will be closely monitoring progress and the rapporteur is asking the Commission to keep the European Parliament duly informed at all stages of the process. After all, the MFA is a loan and the grants are subject to reimbursement.

    To conclude the rapporteur would like to highlight that the MFA is an emergency instrument that has to be granted as soon as possible. The rapporteur is convinced that the MFA will be an effective incentive for – political and financial reforms in the country that will ensure a sustainable partnership between the EU and Egypt.

     

     

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur declares that she received input from the following entities or persons in the preparation of the report, prior to the adoption thereof in committee:

    Entity and/or person

    European Commission – DG ECFIN

    European Commission – DG NEAR

    EEAS

    Embassy of Egypt

    Members of the Egyptian Parliament

    Amnesty International

    Human Rights Watch

    The list above is drawn up under the exclusive responsibility of the rapporteur.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur declares that she has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

     

    MINORITY POSITION

    Pursuant to Rule 56(4) of the Rules of Procedure

    Vicent Marzà Ibáñez (Greens/EFA)

    On behalf of the Greens/EFA group, I would like to express our opposition to the fact that the European Commission has treated Egypt differently from other countries that receive Macro-Financial Assistance (MFA) from the EU.

    Following an agreement between the Council and Parliament, all MFAs should, as a pre-condition, respect human rights, democracy, and the rule of law. However, the Commission chose not to adhere to this policy when EC President Ursula von der Leyen announced a package of €7.4 billion in support for Egypt in March 2024, including €5 billion in Macro-Financial Assistance in the form of loans.

    We support providing Egypt with macro-financial assistance as a means to improve the living conditions of the Egyptian people, to reduce poverty and inequalities as well as to promote human rights. Our group has previously supported providing macro-financial assistance to alleviate financial burdens for countries in difficulty, while also promoting democratic values and human rights worldwide. However, the Commission must respect the agreements made by Parliament and the Council and act in line with the principles enshrined in the EU Treaties regarding external action.

     

     

    BUDGETARY ASSESSMENT OF THE COMMITTEE ON BUDGETS (29.1.2025)

    for the Committee on International Trade

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt

    (COM(2024)0461 – C10‑0009/2024 – 2024/0071(COD))

    Rapporteur for budgetary assessment: Matjaž Nemec

     

    The Committee on Budgets has carried out a budgetary assessment of the proposal under Rule 58 of the Rules of Procedure and has reached the following conclusions:

     having regard to Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union[1] (Financial Regulation),

     having regard to Council Regulation (EU, Euratom) 2020/2093 of 17 December 2020 laying down the multiannual financial framework for the years 2021 to 2027[2],

     having regard to the Interinstitutional Agreement of 16 December 2020 between the European Parliament, the Council of the European Union and the European Commission (IIA) on budgetary discipline, on cooperation in budgetary matters and on sound financial management, as well as on new own resources, including a roadmap towards the introduction of new own resources[3],

    A. whereas Egypt continues to face sizeable and unmet financing needs, with an external financing gap estimated by the International Monetary Fund (IMF) programme at around USD 17.7 billion for 2024-2027, requiring substantial international support to maintain economic stability and implement crucial reforms;

    B. whereas recently, Egypt’s macro-fiscal situation has deteriorated noticeably, with intensified external pressures and increased debt, reflecting both domestic challenges and external shocks, including the repercussions of Russia’s war against Ukraine and regional instability;

    C. whereas the destructive and ongoing conflict in Gaza and the attacks in the Red Sea have severely impacted Egypt’s key sources of foreign currency earnings, particularly tourism revenues and Suez Canal proceeds, while persistent capital outflows and lower services exports have further strained the country’s external position; whereas Egypt’s socio-economic situation, including poverty rates and the Human Development Index, are also expected to be negatively impacted[4];

    D. whereas the severe deterioration of external accounts and the strategic importance of regional stability conditionally justify this comprehensive support package, while stressing the need for the EU to work towards a lasting long-term peace solution in the Middle East, which will help alleviate the reasons behind Egypt’s financial struggles;

    E. whereas Egypt’s public debt burden had increased substantially to 95.9 % of GDP at the end of the 2022/2023 fiscal year, up from 88.5 % the previous fiscal year, reaching its highest level since 2017 and raising concerns about long-term debt sustainability;

    F. whereas Egypt’s real GDP growth declined to 2.4 % in the 2023/2024 fiscal year due to inflation and external pressures, with food price inflation remaining a strain, especially on vulnerable households;

    G. whereas all major rating agencies have downgraded Egypt’s sovereign credit ratings to below-investment grade following the outbreak of the conflict in Gaza, reflecting increased regional risks and deteriorating humanitarian and economic conditions; whereas this has further complicated the country’s access to international financial markets;

    H. whereas the proposed macro-financial assistance (MFA) of up to EUR 4 billion would help Egypt address its external financing needs while supporting the implementation of structural reforms aimed at improving the macroeconomic situation, strengthening economic governance and transparency, and enhancing conditions for sustainable and inclusive growth;

    I. whereas on 12 April 2024, the Council adopted Decision (EU) 2024/1144 providing EUR 1 billion in short-term macro-financial assistance to the Arab Republic of Egypt[5], pursuant to the urgency procedure provided under Article 213 of the Treaty on the Functioning of the European Union (TFEU), bypassing Parliament entirely; whereas the Commission adopted a decision on 20 December 2024 to release this single instalment to Egypt;

    J. whereas the IMF has confirmed Egypt’s implementation of key reforms that have contributed to preserving macroeconomic stability despite the challenging environment;

    K. whereas the short-term macro-financial assistance was subject to conditions set out in the Memorandum of Understanding (MoU) agreed on and signed by the Commission and the Egyptian authorities on 29 June 2024, including the implementation of economic reforms, concrete and credible steps towards respecting democratic principles, and an on-track IMF programme; whereas the Commission and the European External Action Service undertook a review mission to Cairo in October 2024 and subsequently evaluated the Egyptian authorities’ written compliance reporting, with an overall positive assessment of Egypt’s progress in fulfilling these conditions;

    L. whereas Parliament, as one arm of the EU’s budgetary authority, was not involved in the negotiation and drafting of the MoU, which sets out the structural reform measures associated with the proposed MFA operation, including aspects of timing and sequencing for the disbursement of the initial assistance of EUR 1 billion;

    M. whereas the MoU to be concluded with the Egyptian authorities for the remainder of the MFA is an essential part of the assistance itself; whereas Parliament’s lack of involvement in this process severely hinders its budgetary scrutiny; whereas it is necessary to find an appropriate way to involve Parliament when such memorandums with non-EU countries are negotiated by the Commission;

    N. whereas the MoU should crucially provide the Commission with a mechanism to monitor progress as regards the implementation of structural reforms, notably the specific conditions for disbursement of the assistance;

    1. Recalls that while MFA is meant to be an exceptional crisis response instrument and should not serve as a substitute for structural development aid, its increasing use to address structural economic challenges in partner countries risks diluting its emergency nature;

    2. Highlights the importance of MFA in urgently addressing the situation in Egypt, taking into account Egypt’s critical economic and financial situation and its role as an important stabilising actor in an increasingly volatile region;

    3. Regrets the fact that the first proposal of this package bypassed the co-decision rights of Parliament and undermined its democratic oversight role by using Article 213 TFEU instead of Article 212 TFEU; insists that this should not set a precedent and that Parliament’s rights and role should be respected in future proposals; emphasises that MFA is an instrument requiring proper parliamentary and budgetary scrutiny;

    4. Notes that the Commission proposal of EUR 4 billion in MFA requires EUR 360 million in provisioning under the External Action Guarantee from the Neighbourhood, Development and International Cooperation Instrument – Global Europe, which represents a significant allocation of limited resources;

    5. Recalls its previous concerns about the effectiveness of MFA in driving sustainable reforms; acknowledges, however, that linking this assistance to the broader strategic partnership framework can, when properly implemented, provide stronger leverage for implementing the agreed reform agenda; recalls that the partnership priorities cover three broad areas, namely sustainable modern economy and social development, partnering in foreign policy, and enhancing stability;

    6. Takes note of Egypt’s overall compliance with reform implementation under the previous MFA; reiterates its calls for transparent and timely reporting of assistance implementation; calls for adequate monitoring mechanisms with clear benchmarks and outcomes to be established in the MoU, and for regular reporting to the budgetary authority on developments related to the assistance, given the unprecedented size of this MFA package;

    7. Notes that while the MFA loan structure spreads repayments over a longer period, this creates extended contingent liabilities for the EU budget that require careful monitoring over multiple financial frameworks;

    8. Emphasises that the MFA constitutes a general budgetary support instrument for the benefit of Egypt and that the EU has no control over how the funds are actually spent; nevertheless encourages the Egyptian authorities and counterparties to disclose information on spending at the Commission’s request;

    9. Recalls that Article 6 of the Financial Regulation establishes the obligation for the Commission to ensure compliance with the Charter of Fundamental Rights of the EU and to respect the values enshrined in Article 2 of the Treaty on European Union when implementing the EU budget; stresses that such a budgetary principle constitutes a core legal requirement for any form of EU financial assistance; underscores, therefore, the fact that the proposal lacks sufficient safeguards and clear benchmarks to measure progress towards compliance, particularly regarding respect for human dignity, freedom, democracy, equality, the rule of law and human rights, including the rights of persons belonging to minorities and freedom of belief, in order to protect the EU’s financial interests and ensure the MFA’s implementation in accordance with the Regulation;

    10. Recalls that a pre-condition for granting MFA involves respecting effective democratic mechanisms, including a multiparty parliamentary system and the rule of law, and guaranteeing respect for human rights; highlights that, in this case, Egypt should continue to make concrete and credible steps towards respecting these criteria; emphasises the need to ensure their robust implementation;

    11. Emphasises that strict adherence to democratic principles, the rule of law and fundamental freedoms should remain non-negotiable prerequisites for accessing EU financial support; calls on the Commission to withhold disbursements in the absence of credible progress on these fronts; notes that the Commission’s decision to disburse the short-term macro-financial assistance reflects Egypt’s progress in implementing reforms and the EU’s commitment to supporting Egypt’s economic stabilisation and reform agenda under the strategic and comprehensive partnership, while noting that human rights challenges in Egypt remain significant; stresses, in this respect, the importance of Egypt’s stability and its crucial role in the region, particularly in the current geopolitical context;

    12. Regrets Parliament’s lack of involvement in and scrutiny of the MoU concluded between the Commission and the Egyptian authorities, which, among other things, includes important budgetary provisions that fall within the remit of Parliament, will determine clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, and will include a time frame for achieving those reforms, which are linked to loan disbursement;

    13. Concludes that the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt is compatible with the elements referred to in Rule 58(3) of the Rules of Procedure.

     

    As part of its budgetary assessment, the Committee on Budgets also submits the following amendments to the proposal:

     

    Amendment  1

    Proposal for a decision

    Recital 1 a (new)

     

    Text proposed by the Commission

    Amendment

     

    (1a) This Decision has implications for the Union budget. Accordingly, the European Parliament’s Committee on Budgets adopted a budgetary assessment, which forms an integral part of Parliament’s mandate for negotiations.

     

    Amendment  38

    Proposal for a decision

    Article 5 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 220a of Regulation (EU, Euratom) 2018/1046.

    (1) In order to finance the support under the macro-financial assistance in the form of loans, the Commission shall be empowered, on behalf of the Union, to borrow the necessary funds on the capital markets or from financial institutions in accordance with Article 223 of Regulation (EU, Euratom) 2024/2509.

     

    Amendment  39

    Proposal for a decision

    Article 5 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    (2) The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 220 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. The loans shall be granted at terms that allow Egypt to repay the loan over a long period, including a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

    (2) The Commission shall enter into a loan agreement with Egypt in respect of the amount referred to in Article 1. The detailed terms of the support under the MFA in the form of loans shall be laid down in a loan agreement in accordance with Article 223 of the Financial Regulation, to be concluded between the Commission and the Egyptian authorities. The loan agreement shall lay down the availability period and the detailed terms of the support under the macro-financial assistance in the form of loans, including in relation to the internal control systems. The loans shall be granted at terms that allow Egypt to repay the loan over a long period, including a possible grace period. The maximum duration of the loans shall be 35 years. The Commission shall inform the European Parliament and the Council of developments in the operations referred to in paragraph 3.

     

    Amendment  40

    Proposal for a decision

    Article 6 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    (1) The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council7.

    (1) The Union’s macro-financial assistance shall be implemented in accordance with Regulation (EU, Euratom) No 2024/2509 of the European Parliament and of the Council7.

    _________________

    _________________

    7 Regulation (EU, Euratom) No 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules applicable to the general budget of the Union and repealing Regulation (EC, Euratom) No 966/2012 (OJ L 193, 30.07.2018, p. 1).

    7 Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast) (OJ L, 2024/2509, 26.9.2024, ELI: http://data.europa.eu/eli/reg/2024/2509/oj).

    Amendment  41

    Proposal for a decision

    Article 8 – paragraph 1 – point b

     

    Text proposed by the Commission

    Amendment

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Article 3(1);

    (b) assess the economic situation and prospects of Egypt, as well as progress made in implementing the policy measures referred to in Articles 2 and 3(1);

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR FOR BUDGETARY ASSESSMENT HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur for budgetary assessment declares that he received input from the following entities or persons in the preparation of the budgetary assessment, prior to the adoption thereof in committee:

    Entity and/or person

    European Commission

    Ambassador of Egypt to the EU

    Head of delegation of the European Union to Egypt

    The Minister of Foreign Affairs of the Arab Republic of Egypt

    The list is drawn up under the exclusive responsibility of the rapporteur for budgetary assessment.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur for budgetary assessment declares that he has submitted to the natural persons concerned the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

     

    PROCEDURE – COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    Title

    Macro-financial assistance to the Arab Republic of Egypt

    References

    COM(2024)0461 – C10-0009/2024 – 2024/0071(COD)

    Committee(s) responsible

    INTA

     

     

     

     Date announced in plenary

    BUDG

    13.11.2024

    Rapporteur for budgetary assessment

     Date appointed

    Matjaž Nemec

    24.10.2024

    Discussed in committee

    16.1.2025

     

     

     

    Date adopted

    29.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    32

    5

    1

    Members present for the final vote

    Georgios Aftias, Rasmus Andresen, Isabel Benjumea Benjumea, Tobiasz Bocheński, Olivier Chastel, Tamás Deutsch, Angéline Furet, Jens Geier, Thomas Geisel, Jean-Marc Germain, Sandra Gómez López, Monika Hohlmeier, Alexander Jungbluth, Janusz Lewandowski, Giuseppe Lupo, Siegfried Mureşan, Matjaž Nemec, Danuše Nerudová, João Oliveira, Ruggero Razza, Karlo Ressler, Julien Sanchez, Hélder Sousa Silva, Joachim Streit, Carla Tavares, Nils Ušakovs, Lucia Yar, Auke Zijlstra

    Substitutes present for the final vote

    Damian Boeselager, Michalis Hadjipantela, Moritz Körner, Tiago Moreira de Sá, Rasmus Nordqvist, Michele Picaro, Jacek Protas, Beata Szydło

    Members under Rule 216(7) present for the final vote

    Thierry Mariani, Aodhán Ó Ríordáin

     

    FINAL VOTE BY ROLL CALL
    IN COMMITTEE ASKED FOR BUDGETARY ASSESSMENT

    32

    +

    ECR

    Tobiasz Bocheński, Michele Picaro, Ruggero Razza, Beata Szydło

    NI

    Thomas Geisel

    PPE

    Georgios Aftias, Isabel Benjumea Benjumea, Michalis Hadjipantela, Monika Hohlmeier, Janusz Lewandowski, Siegfried Mureşan, Danuše Nerudová, Jacek Protas, Karlo Ressler, Hélder Sousa Silva

    PfE

    Tamás Deutsch, Angéline Furet, Thierry Mariani, Tiago Moreira de Sá, Julien Sanchez

    Renew

    Olivier Chastel, Moritz Körner, Joachim Streit, Lucia Yar

    S&D

    Jens Geier, Jean-Marc Germain, Sandra Gómez López, Giuseppe Lupo, Matjaž Nemec, Aodhán Ó Ríordáin, Carla Tavares, Nils Ušakovs

     

    5

    PfE

    Auke Zijlstra

    The Left

    João Oliveira

    Verts/ALE

    Rasmus Andresen, Damian Boeselager, Rasmus Nordqvist

     

    1

    0

    ESN

    Alexander Jungbluth

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

     

     

    OPINION OF THE COMMITTEE ON FOREIGN AFFAIRS (30.1.2025)

    for the Committee on International Trade

    on the proposal for a decision of the European Parliament and of the Council on providing macro-financial assistance to the Arab Republic of Egypt

    (COM(2024)0461 – C10‑0009/2024 – 2024/0071(COD))

    Rapporteur for opinion: Tineke Strik

     

    SHORT JUSTIFICATION

    As enshrined in the Treaties, the EU is required to uphold and promote the principles of human rights, democracy and the rule of law in its external action. While acknowledging the importance of the EU-Egypt strategic partnership and the need for MFA-support to Egypt in light of the economic impact of, among others, the current geopolitical situation, this opinion aims to integrate human rights, democracy and the rule of law as core parts of the MFA and to strengthen provisions related to parliamentary scrutiny and transparency. The Rapporteur is pleased that the Foreign Affairs Committee (AFET) confirmed that these founding principles of the EU should form the basis of EU-Egypt relations, and concrete improvement from Egypt in this regard is a precondition for the disbursement of the MFA. Moreover, the vote confirmed that the AFET Committee is convinced that Commission services and the European External Action Service have the responsibility to integrate this approach into the Memorandum of Understanding to be negotiated with Egypt, and report on progress on the specific conditions to the European Parliament and Council. Payment of each instalment should be subject to concrete improvements on human rights, democracy and the rule of law. The Rapporteur has full trust that the competences of the AFET Committee will be integrated into the report of the Committee on International Trade, and will engage with the respective Rapporteur to that end.

    AMENDMENTS

    The Committee on Foreign Affairs submits the following to the Committee on International Trade, as the committee responsible:

    Amendment  1

     

    Proposal for a decision

    Recital 3

     

    Text proposed by the Commission

    Amendment

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. The improvement of the human rights situation in Egypt will have a positive impact on EU-Egypt relations.

    (3) In line with the Partnership Priorities, the EU and Egypt are committed to ensuring accountability, the rule of law, the full respect of human rights, fundamental freedoms, promoting democracy, gender equality and equal opportunities as constitutional rights of all their citizens. These commitments contribute to the advancement of the partnership and to Egypt’s sustainable social and economic development and stability. The increased and constructive engagement between the EU and Egypt in the last period has opened the path to more meaningful dialogue on human rights related issues. The subcommittee on Political Matters, Human Rights and Democracy, International and Regional issues of December 2022 and the Association Committee of May 2023 provided the institutional platforms to exchange on an array of human rights issues, which the EU would like to continue and build on. A future improvement of the human rights situation in Egypt, such as improving the rights to freedom of expression, association and peaceful assembly, introducing a moratorium on death penalty, combating torture and enforced disappearances, and improving the conditions of prisons, will have a positive impact on EU-Egypt relations.

    Amendment  2

     

    Proposal for a decision

    Recital 5

     

    Text proposed by the Commission

    Amendment

    (5) The EU recognises Egypt’s key role for regional security and stability. Terrorism, organised crime and conflicts are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law.

    (5) The EU recognises Egypt’s key role for regional security and stability, and has a strong interest in preventing short-term economic instability in that country that could have broader consequences as well as benefit geopolitical rivals. Terrorism, organised crime, disinformation, conflicts and persecution of religious and ethnic minorities are common threats against our security and the social fabric of nations across both sides of the Mediterranean. Therefore, the EU and Egypt have a common interest in strengthening cooperation highlighted in the Partnership Priorities, in full compliance with international law, including human rights and international humanitarian law, as well as in promoting joint interests and addressing common challenges.

    Amendment  3

     

    Proposal for a decision

    Recital 6

     

    Text proposed by the Commission

    Amendment

    (6) Recalling the geo-political challenges, such as the consequences of Hamas terrorist attacks across Israel on 7 October 2023 as well as the conflict in Sudan, and the strategic importance of Egypt as the largest country in the region and a pillar of stability for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    (6) Recalling the geo-political challenges, such as the broader consequences of the situation in the Middle East following the Hamas terrorist attacks of 7 October 2023, as well as the armed conflict in Sudan and instability in Syria, and the strategic importance of Egypt as the largest country in the region and a pillar of stability and security for the whole Middle East, the Union is embarking on concluding a Strategic and Comprehensive partnership with Egypt as outlined in the Joint Declaration.

    Amendment  4

     

    Proposal for a decision

    Recital 9

     

    Text proposed by the Commission

    Amendment

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and of Hamas terrorist attacks against Israel have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios.

    (9) Egypt’s macro-fiscal situation has faced significant challenges and deteriorated substantially over recent months, as external pressures have intensified and public debt has increased further, with substantial downside risks to the economic outlook persisting. The repercussions of Russia’s war on Ukraine and of the situation in the Middle East have led to protracted capital outflows and lower foreign currency receipts, notably due to sharply falling income from tourism and Suez Canal proceeds. This is particularly challenging amid Egypt’s difficult fiscal situation, which is characterised by constant fiscal deficits and high and growing debt to GDP ratios. Moreover, instability and uncertainty in Syria would further exacerbate the already existing macro-financial issues for Egypt.

    Amendment  5

     

    Proposal for a decision

    Recital 19

     

    Text proposed by the Commission

    Amendment

    (19) The Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action and with other relevant Union policies.

    (19) As enshrined in Article 212 TFEU, the Commission should ensure that the Union’s macro-financial assistance is legally and substantially in line with the key principles, objectives and measures taken within the different areas of external action, and in particular with Article 2 of the EU-Egypt Association Agreement of 2004 concerning the respect of democratic principles and fundamental human rights and with other relevant Union policies.

    Amendment  6

     

    Proposal for a decision

    Recital 22

     

    Text proposed by the Commission

    Amendment

    (22) A pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights. In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    (22) A pre-condition for granting the Union’s macro-financial assistance to Egypt should be that the country takes concrete and credible steps towards respecting and enhancing effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights, In addition, the specific objectives of the Union’s macro-financial assistance should strengthen the efficiency, transparency and accountability of the public finance management systems, the governance and supervision of the financial sector in Egypt and promote structural reforms aimed at supporting sustainable and inclusive growth, decent employment creation and fiscal consolidation. The fulfillment of the pre-condition and the achievement of the specific objectives should be regularly monitored by the Commission services and the European External Action Service.

    Amendment  7

     

    Proposal for a decision

    Recital 26

     

    Text proposed by the Commission

    Amendment

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them of developments relating to the assistance and provide them with relevant documents.

    (26) The Union’s macro-financial assistance should be managed by the Commission. In order to ensure that the European Parliament and the Council are able to follow the implementation of this Decision, the Commission should regularly inform them with an annual report of developments relating to the assistance and on the respect of effective democratic mechanisms, as per the pre-conditions referred to in this Decision and, provide them with relevant documents.

    Amendment  8

     

    Proposal for a decision

    Recital 28

     

    Text proposed by the Commission

    Amendment

    (28) The Union’s macro-financial assistance should be subject to economic policy conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    (28) The Union’s macro-financial assistance should be subject to economic policy and democracy, rule of law and human rights conditions, to be laid down in a Memorandum of Understanding. In order to ensure uniform conditions of implementation and for reasons of efficiency, the Commission should be empowered to negotiate such conditions with the Egyptian authorities under the supervision of the committee of representatives of the Member States in accordance with Regulation (EU) No 182/2011. Under that Regulation, the advisory procedure should, as a general rule, apply in all cases other than as provided for in that Regulation. Considering the potentially important impact of assistance of more than EUR 90 million, it is appropriate that the examination procedure be used for operations above that threshold. Considering the amount of the Union’s macro-financial assistance to Egypt, the examination procedure should apply to the adoption of the Memorandum of Understanding, and to any reduction, suspension or cancellation of the assistance.

    Amendment  9

     

    Proposal for a decision

    Article 1 – paragraph 3 – subparagraph 1

     

    Text proposed by the Commission

    Amendment

    The release of the Union’s macro-financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the IMF and Egypt, and with the key principles and objectives of economic reforms set out in the EU-Egypt Association Agreement.

    The release of the Union’s macro-financial assistance shall be managed by the Commission in a manner consistent with the agreements or understandings reached between the IMF and Egypt, and with the key principles and objectives set out in the EU-Egypt Association Agreement.

    Amendment  10

     

    Proposal for a decision

    Article 1 – paragraph 3 – subparagraph 2

     

    Text proposed by the Commission

    Amendment

    The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union’s macro-financial assistance, including disbursements thereof, and shall provide those institutions with the relevant documents in due time.

    The Commission shall regularly inform the European Parliament and the Council of developments regarding the Union’s macro-financial assistance, including disbursements thereof, as well as on the progress made relating to economic and democratic reforms in Egypt, and shall provide those institutions with the relevant documents, including third-party independent assessments, in due time.

    Amendment  11

     

    Proposal for a decision

    Article 1 – paragraph 3 – subparagraph 2 a (new)

     

    Text proposed by the Commission

    Amendment

     

    The transparent management of funds allocated under this macro-financial assistance is essential in order to ensure that resources are used wisely, in accordance with the set objectives. The Union shall ensure that effective and independent control and audit mechanisms are put in place to prevent any misappropriation.

    Amendment  12

     

    Proposal for a decision

    Article 2 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt continues to make concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and guarantees respect for human rights.

    1. A pre-condition for granting the Union’s macro-financial assistance shall be that Egypt takes concrete and credible steps towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and made a quantitative and substantial improvement in the respect for human rights, since the signing in June 2024 of the Memorandum of Understanding linked to the EUR 1 billion macro-financial assistance package, and that it continues to make concrete and credible improvements in those areas throughout the period covered by this Decision.

    Amendment  13

     

    Proposal for a decision

    Article 2 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance.

    2. The Commission services and the European External Action Service shall monitor the fulfilment of this pre-condition throughout the life-cycle of the Union’s macro-financial assistance in a transparent process in which civil society and international entities such as UN organisations are able to contribute, and report, regularly and in writing, to the European Parliament on the conditions referred to in Article 2 (1).

    Amendment  14

     

    Proposal for a decision

    Article 3 – paragraph 1

     

    Text proposed by the Commission

    Amendment

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, to which the Union’s macro-financial assistance is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    1. The Commission, in accordance with the examination procedure referred to in Article 7(2), shall agree with the Egyptian authorities on clearly defined economic policy and financial conditions, focusing on structural reforms and sound public finances, as well as on democracy, rule of law and human rights conditions, to which the Union’s macro-financial assistance and the release of each separate instalment is to be subject, to be laid down in a Memorandum of Understanding (“the Memorandum of Understanding”) which shall include a timeframe for the achievement of those reforms. The economic policy and financial conditions set out in the Memorandum of Understanding shall be consistent with the agreements or understandings referred to in Article 1(3), including the macroeconomic adjustment and structural reform programmes implemented by Egypt with the support of the IMF.

    Amendment  15

     

    Proposal for a decision

    Article 3 – paragraph 2

     

    Text proposed by the Commission

    Amendment

    2. The conditions referred to in paragraph 1 shall aim, in particular, at enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    2. The conditions referred to in paragraph 1 shall aim, in particular, at introducing reforms towards respecting effective democratic mechanisms – including a multi-party parliamentary system – and the rule of law, and ensuring respect for human rights, enhancing the efficiency, transparency and accountability of the public finance management systems in Egypt, including for the use of the Union’s macro-financial assistance. Progress in mutual market opening, poverty reduction, good governance, the fight against corruption, the development of rules-based and fair trade, and other priorities in the context of the Union’s external policy, including those relating to democracy, rule of law and human rights, shall also be duly taken into account when designing the policy measures. Progress in attaining those objectives shall be regularly monitored by the Commission.

    Amendment  16

     

    Proposal for a decision

    Article 4 – paragraph 3 – subparagraph 1 – point c

     

    Text proposed by the Commission

    Amendment

    (c) the satisfactory implementation of the economic policy conditions and financial conditions agreed in the Memorandum of Understanding.

    (c) the satisfactory implementation of the economic policy conditions, financial conditions, and democracy, rule of law and human rights conditions, agreed in the Memorandum of Understanding.

    Amendment  17

     

    Proposal for a decision

    Article 8 – paragraph 1 – point c a (new)

     

    Text proposed by the Commission

    Amendment

     

    (ca) outline the concrete and credible steps Egypt has taken towards respecting effective democratic mechanisms, including a multi-party parliamentary system, and the rule of law, and towards ensuring respect for human rights.

    ANNEX: ENTITIES OR PERSONS
    FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    Pursuant to Article 8 of Annex I to the Rules of Procedure, the rapporteur for the opinion received input from the following entities or persons in the preparation of the opinion:

    Entity and/or person

     

    European Commission – DG ECFIN

    EEAS

    Various Egyptian authorities on multiple occassion

    Amnesty International

    Euromed Rights

    CIHRS

    Egyptian Front for Human Rights

    Committee to Protect Journalists

    Various Members of the Egyptian Parliament

    UNHCR

    Save the Children

    Frontex

    Various diplomats of EU Member States in Caïro

    Various local civil society organisations in Egypt

    Third country diplomat in Egypt

    The list above is drawn up under the exclusive responsibility of the rapporteur for the opinion.

    Where natural persons are identified in the list by their name, by their function or by both, the rapporteur for the opinion declares that she has submitted to the concerned natural persons the European Parliament’s Data Protection Notice No 484 (https://www.europarl.europa.eu/data-protect/index.do), which sets out the conditions applicable to the processing of their personal data and the rights linked to that processing.

    PROCEDURE – COMMITTEE ASKED FOR OPINION

    Title

    Macro-financial assistance to the Arab Republic of Egypt

    References

    COM(2024)0461 – C10-0009/2024 – 2024/0071(COD)

    Committee(s) responsible

    INTA

     

     

     

    Opinion by

     Date announced in plenary

    AFET

    13.11.2024

    Rapporteur for the opinion

     Date appointed

    Tineke Strik

    14.10.2024

    Discussed in committee

    3.12.2024

     

     

     

    Date adopted

    30.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    59

    6

    7

    Members present for the final vote

    Mika Aaltola, Lucia Annunziata, Petras Auštrevičius, Jordan Bardella, Dan Barna, Wouter Beke, Robert Biedroń, Ioan-Rareş Bogdan, Marc Botenga, Grzegorz Braun, Sebastião Bugalho, Danilo Della Valle, Özlem Demirel, Elio Di Rupo, Michael Gahler, Geadis Geadi, Giorgos Georgiou, Raphaël Glucksmann, Bernard Guetta, Rima Hassan, Rasa Juknevičienė, Sandra Kalniete, Łukasz Kohut, Rihards Kols, Andrey Kovatchev, Vilis Krištopans, Nathalie Loiseau, Claudiu Manda, David McAllister, Sven Mikser, Francisco José Millán Mon, Arkadiusz Mularczyk, Leoluca Orlando, Kostas Papadakis, Tonino Picula, Thijs Reuten, Nacho Sánchez Amor, Andreas Schieder, Alexander Sell, Villy Søvndal, Davor Ivo Stier, Sebastiaan Stöteler, Stanislav Stoyanov, Marie-Agnes Strack-Zimmermann, Michał Szczerba, António Tânger Corrêa, Marta Temido, Cristian Terheş, Riho Terras, Hermann Tertsch, Pierre-Romain Thionnet, Sebastian Tynkkynen, Reinier Van Lanschot, Roberto Vannacci, Hilde Vautmans, Harald Vilimsky, Željana Zovko

    Substitutes present for the final vote

    Jaume Asens Llodrà, Malik Azmani, Engin Eroglu, Sandra Gómez López, Evin Incir, András László, Ana Catarina Mendes, Hans Neuhoff, Nicolás Pascual de la Parte, Chloé Ridel, Tineke Strik, Şerban Dimitrie Sturdza, Ingeborg Ter Laak, Matej Tonin, Ivaylo Valchev, Isabel Wiseler-Lima

    Members under Rule 216(7) present for the final vote

    Catarina Vieira

     

     

    FINAL VOTE BY ROLL CALL IN COMMITTEE ASKED FOR OPINION

    59

    +

    ECR

    Geadis Geadi, Rihards Kols, Arkadiusz Mularczyk, Şerban Dimitrie Sturdza, Cristian Terheş, Ivaylo Valchev

    PPE

    Mika Aaltola, Wouter Beke, Ioan-Rareş Bogdan, Sebastião Bugalho, Michael Gahler, Rasa Juknevičienė, Sandra Kalniete, Łukasz Kohut, Andrey Kovatchev, David McAllister, Francisco José Millán Mon, Nicolás Pascual de la Parte, Davor Ivo Stier, Michał Szczerba, Ingeborg Ter Laak, Riho Terras, Matej Tonin, Isabel Wiseler-Lima, Željana Zovko

    PfE

    András László, António Tânger Corrêa, Hermann Tertsch, Roberto Vannacci

    Renew

    Petras Auštrevičius, Malik Azmani, Dan Barna, Engin Eroglu, Bernard Guetta, Nathalie Loiseau, Marie-Agnes Strack-Zimmermann, Hilde Vautmans

    S&D

    Lucia Annunziata, Robert Biedroń, Elio Di Rupo, Raphaël Glucksmann, Sandra Gómez López, Evin Incir, Claudiu Manda, Ana Catarina Mendes, Sven Mikser, Tonino Picula, Thijs Reuten, Nacho Sánchez Amor, Andreas Schieder, Marta Temido

    The Left

    Özlem Demirel, Rima Hassan

    Verts/ALE

    Jaume Asens Llodrà, Leoluca Orlando, Villy Søvndal, Tineke Strik, Reinier Van Lanschot, Catarina Vieira

     

    6

    NI

    Grzegorz Braun, Kostas Papadakis

    PfE

    Jordan Bardella, Sebastiaan Stöteler, Pierre-Romain Thionnet, Harald Vilimsky

     

    7

    0

    ECR

    Sebastian Tynkkynen

    ESN

    Hans Neuhoff, Alexander Sell, Stanislav Stoyanov

    The Left

    Marc Botenga, Danilo Della Valle, Giorgos Georgiou

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

     

     

     

    PROCEDURE – COMMITTEE RESPONSIBLE

    Title

    Macro-financial assistance to the Arab Republic of Egypt

    References

    COM(2024)0461 – C10-0009/2024 – 2024/0071(COD)

    Date submitted to Parliament

    15.3.2024

     

     

     

    Committee(s) responsible

    INTA

     

     

     

    Committees asked for opinions

     Date announced in plenary

    AFET

    13.11.2024

     

     

     

    Rapporteurs

     Date appointed

    Céline Imart

    30.9.2024

     

     

     

    Discussed in committee

    14.10.2024

    30.1.2025

     

     

    Date adopted

    20.3.2025

     

     

     

     

    BUDG

    29.1.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    28

    7

    5

    Members present for the final vote

    Christophe Bay, Brando Benifei, Anna Bryłka, Udo Bullmann, Benoit Cassart, Markéta Gregorová, Bart Groothuis, Céline Imart, Karin Karlsbro, Bernd Lange, Ilia Lazarov, Thierry Mariani, Javier Moreno Sánchez, Ştefan Muşoiu, Daniele Polato, Majdouline Sbai, Lukas Sieper, Dominik Tarczyński, Francesco Torselli, Kathleen Van Brempt, Jörgen Warborn, Iuliu Winkler, Bogdan Andrzej Zdrojewski, Juan Ignacio Zoido Álvarez

    Substitutes present for the final vote

    Mika Aaltola, Nicolas Bay, Markus Buchheit, João Cotrim De Figueiredo, Danilo Della Valle, Borja Giménez Larraz, Vicent Marzà Ibáñez, Marina Mesure, Martin Schirdewan, Kris Van Dijck

    Members under Rule 216(7) present for the final vote

    Hildegard Bentele, Mélanie Disdier, Niels Geuking, Chloé Ridel, Romana Tomc, Matthieu Valet

    Date tabled

    24.3.2025

     

    FINAL VOTE BY ROLL CALL BY THE COMMITTEE RESPONSIBLE

    28

    +

    ECR

    Nicolas Bay, Daniele Polato, Dominik Tarczyński, Francesco Torselli, Kris Van Dijck

    ESN

    Markus Buchheit

    NI

    Lukas Sieper

    PPE

    Mika Aaltola, Hildegard Bentele, Niels Geuking, Borja Giménez Larraz, Céline Imart, Ilia Lazarov, Romana Tomc, Jörgen Warborn, Iuliu Winkler, Bogdan Andrzej Zdrojewski, Juan Ignacio Zoido Álvarez

    PfE

    Christophe Bay, Anna Bryłka, Mélanie Disdier, Thierry Mariani, Matthieu Valet

    Renew

    Benoit Cassart, João Cotrim De Figueiredo, Bart Groothuis, Karin Karlsbro

    S&D

    Javier Moreno Sánchez

     

    7

    S&D

    Udo Bullmann

    The Left

    Danilo Della Valle, Marina Mesure, Martin Schirdewan

    Verts/ALE

    Markéta Gregorová, Vicent Marzà Ibáñez, Majdouline Sbai

     

    5

    0

    S&D

    Brando Benifei, Bernd Lange, Ştefan Muşoiu, Chloé Ridel, Kathleen Van Brempt

     

    Key to symbols:

    + : in favour

     : against

    0 : abstention

     

     

    MIL OSI Europe News

  • MIL-OSI Europe: REPORT on the nomination of Lucian Romașcanu as a Member of the Court of Auditors – A10-0039/2025

    Source: European Parliament

     

    ANNEX 1: CURRICULUM VITÆ OF LUCIAN ROMAȘCANU

    ABOUT ME

    Married, two children

    Politician with top parliamentary and governmental experience with a wealth of prior experience in the private sector.

    Solid experience in working with public and European funds in the public positions held, minister, senator or head of a higher administrative territorial unit.

    EDUCATION AND TRAINING

    [ 2000 – 2002 ] Executive MBA

    University Of Washington, Seattle / ASEBUSS Bucharest

    City: Bucharest | Country: Romania |

    [ 1986 – 1991 ] BSc

    Academy Of Economic Studies

    City: Bucharest | Country: Romania |

    WORK EXPERIENCE

    [ 28/10/2024 – Current ] President

    Buzău County Council

    City: Buzău | Country: Romania

     uninominal elected position

     administrative coordination of Buzău county, 404 000 inhabitants and 87  administrative territorial units

     yearly budget – over EUR 100 million

    [ 21/12/2016 – 27/10/2024 ] Senator

    The Senate of Romania

    City: Bucharest | Country: Romania

    Various positions in the parliament of Romania:

     Chair, Culture and Media Committee

     President, Romanian parliament delegation to the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE)

     Leader, Social-Democratic Party senators

    [ 11/2021 – 06/2023 ] Minister Of Culture

    Government of Romania

    City: Bucharest | Country: Romania

    • yearly budget – over EUR 300 million

     

    [ 06/2017 – 01/2018 ] Minister Of Culture

    Government of Romania

    City: Bucharest | Country: Romania

    • yearly budget – over EUR 270 million

    [ 2015 – 2016 ] Management Advisor to the President of the Board

    Romanian National Television

    City: Bucharest | Country: Romania

     100 % state owned

     5 TV Channels

     EUR 67 million yearly turnover

     2 450 employees

    [ 2012 – 2015 ] Managing Director

    Dogan Media International

    City: Bucharest | Country: Romania

     Turkish capital

     EUR 20 million yearly turnover

     over 400 employees

     32 % y-o-y revenue growth

    [ 2009 – 2012 ] General Manager

    Cancan Media

    City: Bucharest | Country: Romania

     EUR 8 million yearly turnover

     140 employees

     12% y-o-y revenue growth

    [ 2006 – 2009 ] Managing Director

    Ringier Romania

    City: Bucharest | Country: Romania

     Swiss capital

     EUR 30 million yearly turnover

     240 employees

    [ 2004 – 2006 ] Managing Director

    Best Print Services

    City: Bucharest | Country: Romania

     EUR 10 million yearly turnover

     110 employees

     financing negotiations, investment programme supervising

     ERP design and implementation

     18 % y-o-y revenue growth

    [ 2002 – 2004 ] General Manager

    HL Display Romania

    City: Bucharest | Country: Romania

     Swedish capital

     start-up

     EUR 1 million yearly turnover

     5 employees

     Accountable for the Profit and Loss (P&L) statement

     budgeting, revenue and cost control responsibility

     

    [ 1999 – 2002 ] Sales Director

    Ringier Romania

    City: Bucharest | Country: Romania

     Swiss capital

     sales team coordination (14 people)

     crafting sales strategy, planning action, setting sales objectives

     sales presentations delivered to media agencies, key clients; contract negotiation

    [ 1997 – 1999 ] Sales Director

    MediaPro Holding

    City: Bucharest | Country: Romania

     organising and harmonising the sales structures of the different group companies

     crafting sales strategy, planning action, setting sales objectives

     sales presentations delivered to media agencies, key clients; negotiating sales budgets responsibility, in depth reorganisation of the sales structure of 16 different companies

    [ 1993 – 1997 ] Country Representative Amorim Irmaos

    City: Bucharest | Country: Romania

     start-up

     EUR 4 million yearly turnover

     building the presence on the Romanian market, obtaining and maintaining the leader position (90 % market share)

    [ 1991 – 1993 ] Account manager

    Vinexport Trading Co.

    City: Bucharest | Country: Romania

     coordinating exports to Dutch, Canadian and Israeli markets

     taking part in negotiations, supervising deliveries, preparing export documents.

    MANAGEMENT AND LEADERSHIP SKILLS

    Team leader, good negotiator

     good teams coordination

     precise identification and delimitation of competences and hierarchies, multitasking with attention to detail

     analytical but also action and results oriented

     very good communication and presentation skills

     strong negotiation skills with different typologies or cultures

    COMMUNICATION AND INTERPERSONAL SKILLS

    Excellent communicator, adaptable and perseverant

     excellent interpersonal and communication skills within different environments, coordinating and motivating teams of various sizes

     committed, self-starter, dynamic, perseverant, adaptable, rapidly assimilating new information from various fields

    LANGUAGE SKILLS

    Mother tongue(s): Romanian

    Other language(s):

    English

    LISTENING C2 READING C2 WRITING C2

    SPOKEN PRODUCTION C2 SPOKEN INTERACTION C2

    French

    LISTENING B2 READING B2 WRITING B1

    SPOKEN PRODUCTION B1 SPOKEN INTERACTION B1

    Levels: A1 and A2: Basic user; B1 and B2: Independent user; C1 and C2: Proficient user

    DIGITAL SKILLS

    My Digital Skills

    Excellent command of Microsoft Office (Word, Excel, Outlook) | Proficiency of using computer and internet | Enterprise-Resource-Planning-Software (ERP) | Implement change management: from organisational changes to CRMs launch

    DRIVING LICENCE

    Motorbikes:  A

    Cars:  B

    HOBBIES AND INTERESTS

    Avid reader, passionate about sports and music

    ANNEX 2: ANSWERS BY LUCIAN ROMAȘCANU TO THE QUESTIONNAIRE

    Questionnaire for Candidates for Membership of the Court of Auditors

    Professional experience

    1. Please list your professional experience in public finance be it in budgetary planning, budget implementation or management or budget control or auditing.

     A:

     As manager in the private sector

    i. I proposed, negotiated, approved and controlled budgets of EUR tens of millions in the different companies I managed.

     

     As Senator in the Romanian Parliament:

    i. I discussed, amended and approved eight of the Romanian yearly budgets with all the activities involved in this laborious process.

    ii. I received, analysed, and was involved in amending, approving or rejecting the budgets of the institutions that operate directly under the supervision of the Senate of Romania – Romanian National Television, Romanian National Radio, the Romanian Cultural Institute, the Audio Visual Council, among others.

    iii. I was involved in top level decisions during major crises, including the pandemic and the energy crisis, where the budgetary impact and control over decisions was a key priority.

     

     As Minister of Culture

    i. I analysed past years’ budgets and drew conclusions on the performance of the previous budgets and implemented corrective measures where necessary.

    ii. I drew up the yearly budgets, negotiated them with the Ministry of Finance and presented them in front of the Romanian parliament – the yearly budget of the Ministry of Culture is about EUR 300 million.

    iii. I oversaw the execution of the yearly budgets both in terms of performance and legality.

    iv. I worked closely with the Romanian Court of Accounts in all aspects related to their activities concerning my ministry.

     

     As President of Buzau County

    i. I analysed the previous years’ budgets to allow me to draw conclusions on the County’s financial performance and subsequently prepared budgetary corrections for the next period.

    ii. I drew up the 2025 budget and supervised its approval by the County counsellors – the yearly budget is about EUR 110 million.

    2. What have been your most significant achievements in your professional career?

     A: Considering the scope of this questionnaire, I would list some of the achievements related to the financial and budgetary fields:

    i. In my first mandate as Minister, I was able to increase the budget of the Ministry of Culture by 47 % and oversaw an execution rate of more than 98 % without any adverse opinion from the Romanian Court of Accounts.

    ii. As the leader of the group of the Social Democratic Party senators I was a key actor in the negotiation and successful vote of the Romania’s annual budgets in due time.

    iii. As member of the Parliament during the COVID-19 crisis I was able, together with my colleagues, to ensure – through the necessary Parliamentary decisions – all the resources that the state needed to fight the pandemic and follow-up the way the resources were allocated and spent.

    3. What has been your professional experience of international multicultural and multilinguistic organisations or institutions based outside your home country?

     A:

    i. In the private sector I worked on top executive positions for multinational companies, where I exposed to different cultures within the organisations I worked for.

    ii. As a member of the Romanian parliament and a committee chair, I was constantly involved in activities of parliamentary diplomacy with representatives of different countries and cultures. As the President of the Romanian Parliament delegation to the Organization for Security and Co-operation in Europe (OSCE) I was involved in meetings, discussions and negotiations with representatives from more than 50 member countries.

    iii. As a minister I had the opportunity to have a full international agenda with meetings and negotiations with colleagues from different countries and cultures.

    4. Have you been granted discharge for the management duties you carried out previously, if such a procedure applies?

     A: The duties I carried out previously were not subject to a discharge procedure.

    5. Which of your previous professional positions were a result of a political nomination?

     A: For the past eight years of my career, I was in the public service following general or local elections and I was appointed twice as Minister of Culture. All positions were held as a member of the Social Democratic Party (PSD).

    6. What are the three most important decisions to which you have been party in your professional life?

     A: Having a career that spans over decades, there were several important decisions that made the difference, and I am proud of. I will mention three of them, which are relevant for the three main chapters of my career so far, in the private sector, government and parliament:

    i. One of my important decisions I made during my years as manager in the private sector was the deep restructuring of the division I was in charge of in within Ringier Romania, the result being that the newspaper and magazine titles in my portfolio accounted for 50 % of the group’s turnover and almost 100 % of the group’s profit.

    ii. As Minister of Culture, I was able to restructure and streamline the budget to allocate 270 % more money to domestic cultural projects than in the preceding year.

    iii. As a senator and group leader I supported, negotiated in the committees and got the votes for the investment programmes of the Government, including recovery and resilience fund (RRF) projects, which reached almost 7 % of Romania’s GDP in 2024.

    Independence

    7. The Treaty stipulates that the Members of the Court of Auditors must be ‘completely independent’ in the performance of their duties. How would you act on this obligation in the discharge of your prospective duties?

    A: If confirmed, as a Member of the Court of Auditors, I commit myself to carry out my duties in full independence and with the highest ethical standards, in the general interest of the European Union and of the European citizens, and in full respect of the Treaties’ provisions and the Rules of Procedure of the Court. I will fully comply with the provisions of the Code of conduct for ECA members and observe the ethical principles enshrined therein: integrity, independence, objectivity, competence, professional behaviour, confidentiality, transparency, dignity, commitment, loyalty, discretion and collegiality.

    I will neither seek nor take instructions from any government or other institution, body office, or entity. At the same time, I shall refrain from any action incompatible with my prospective duties, striving to set an example by my personal conduct. Even after the cessation of my duties, I undertake to ensure the confidentiality of information and respect the rules concerning appointments and benefits.

    In this role, I will ensure that the Court’s independence is rigorously protected and that my duties are performed with integrity, impartiality and a strong commitment to the highest standards of public service.

    8. Do you or your close relatives (parents, brothers and sisters, legal partner and children) have any business or financial holdings or any other commitments, which might conflict with your prospective duties?

     A: Neither I nor any member of my family have any business or financial interests that could give rise to a conflict of interest with the duties and responsibilities associated with the role of Member of the European Court of Auditors (ECA).

    9. Are you prepared to disclose all your financial interests and other commitments to the President of the Court and to make them public?

     A: Yes, I am ready to disclose all requested information and provide a declaration of interest in accordance with the European Court of Auditors’ Code of Conduct and ethical guidelines, ensuring complete transparency and accountability.

    10. Are you involved in any current legal proceedings? If so, please provide us with details.

     A: No, I am not involved in any current legal proceedings.

    11. Do you have any active or executive role in politics, if so at what level? Have you held any political position during the last 18 months? If so, please provide us with details.

     A: Yes, I am currently the leader of the Buzau County organisation of the Social Democratic Party and the national spokesperson of the party for all matters.

    12. Will you step down from any elected office or give up any active function with responsibilities in a political party if you are appointed as a Member of the Court?

     A: Yes, without any hesitation. Becoming a member of ECA means that I will put an end to my political career.

    13. How would you deal with a major irregularity or even fraud and/or corruption case involving persons in your Member State of origin?

     A: If such a case happens, I would handle it in the same manner as any other case of fraud in any other Member State, with the utmost independence and integrity, taking a fully impartial, objective, unbiased and professional approach.

     Upholding impartiality and integrity, respecting the rule of law, strictly following established policies, rules, and procedures, and ensuring fairness and equal treatment are all essential for any institution to function effectively and maintain the trust of EU citizens.

    Performance of duties

    14. What should be the main features of a sound financial management culture in any public service? How could the ECA help to enforce it?

    A: Within the framework set by the Financial Regulation, sound financial management is understood as budget implementation in compliance with the three principles of:

    i) economy

    ii) efficiency

    iii) effectiveness.

    Public funds must be used for the public good, upholding the fundamental principles of transparency and accountability, which are the two key pillars of good governance.

    I strongly believe that transparency, fairness and accountability, with a focus on performance as well, should be seen as the main features of implementing these principles and fostering a sound financial management culture in public service and these have been guiding elements in both my private and public-sector career.

    What is more, the challenging context we are facing requires that we all do our utmost to rebuild and strengthen citizens’ trust in public institutions and decision-making processes at national and European levels. In this regard, I see added value in a multilayered approach aiming to ensure that proper budgetary planning is accompanied by ethical governance and transparent reporting, followed by a thorough controlling and accountability process, all supported by clear and proactive communication efforts at each of these stages. Not least, I see merit in incorporating early risk analysis and mitigation in all stages described above, to ensure the best possible outputs.

     The ECA has the important role of helping to establish a culture of professional financial management and ensuring its sustainability across all EU institutions. The ECA delivers recommendations and monitors their implementation, both key activities for the above-mentioned role. Identifying best practices and issuing audit recommendations are essential ways to strengthen sound financial management. Furthermore, the ECA’s substantial moral authority can help inspire more transparent and accountable accounting practices throughout the EU.

     The ECA also plays a significant role in simplifying the legislative framework and administrative procedures where appropriate, contributing to effective financial management and facilitating necessary reforms. The EU needs simpler procedures with less bureaucracy, and the ECA can play a vital role in Europe’s simplification agenda.

    15. Under the Treaty, the Court is required to assist Parliament in exercising its powers of control over the implementation of the budget. How would you further improve the cooperation between the Court and the European Parliament (in particular, its Committee on Budgetary Control) to enhance both the public oversight of the general spending and its value for money?

    A: As a prospective Member of the Court of Auditors, I assure you of my commitment to building a relationship based on openness, transparency, mutual trust and efficiency between the European Parliament – in particular its Committee on Budgetary Control (CONT) – and the Court of Auditors. As we are still early in the current institutional and legislative cycle, I believe we need to work, from both sides, to further strengthen the connection between the two institutions and foster a culture of constant engagement between the CONT Committee and the ECA. As such, if confirmed, I would like to assure you of my full openness to dialogue and suggestions on how to improve and strengthen the Court’s contributions in support of the decision-making process in the CONT Committee, meant to allow Parliament to exercise its democratic oversight effectively, particularly when exercising its powers of control over the implementation of the budget. Also given the current difficult regional and international context, I cannot stress enough the importance of safeguarding the EU budget – both at EU and national levels – and I am aware that this is a prime concern for this Parliament and for the CONT Committee in particular.

     

    By working together, we can ensure that any expenditure of EU money is made in a legal, responsible, and accountable manner, having at heart the best interests of the EU and its citizens.

     Moreover, since Members of the European Parliament directly represent the interests of EU citizens, it is crucial to incorporate their perspectives to ensure the ECA’s work remains relevant to the challenges faced by EU citizens, while upholding the Court’s full independence in its work.

     

    16. What added value do you think performance auditing brings and how should the findings be incorporated in management procedures?

     

    A: Compliance audits, financial audits and performance audits complement each other. While compliance auditing verifies whether activities and programmes comply with applicable legal and regulatory requirements, performance auditing evaluates whether these activities and programmes have been executed optimally.

     

    In the context of the implementation of the current multi-annual financial framework for 2021-2027, the Court of Auditors has already recommended future-proofing EU funding for climate adaptation as part of the EU’s economic growth strategy, with implications for the EU’s competitiveness both internally and externally. This contributed to building a results-oriented approach and ensuring that financial decisions are properly translated into effective actions and solutions to the benefit of EU citizens.

     

    Building on this model, further actions could be envisaged in order to support the proper follow-up to the efficiency of spending on the EU’s competitiveness objectives, based on performance auditing, also taking into account the need to consider the EU’s overall development objectives.

     In the same logic, a stronger focus on performance could prove useful in support of the new Commission objectives related to simplification and accountability, also with respect to public procurement procedures. Performance-based evaluations could also consider the administrative costs at the level of Member States, as well as at the level of the business community. Performance auditing offers forward-looking insights, evaluating whether processes are functioning effectively to achieve the set targets and goals.

    Given the projected increased complexity of the EU financial instruments, accountability and traceability of EU funds becomes even more important, also as a prerequisite of the performance-based model, to be considered in the future endeavours of the Court of Auditors, as well as in the relationship with the other EU institutions with budgetary responsibilities – namely the European Commission and the European Parliament.

     That being said, we must always strive to make recommendations that are both relevant and practical, and that can be clearly understood and embraced by the audited entity, especially by the appropriate management level with the competence to implement them optimally in terms of time, cost, and resources.

     

    17. How could cooperation between the Court of Auditors, the national audit institutions and the European Parliament (Committee on Budgetary Control) on auditing of the EU budget be improved?

     A: At this stage, I cannot provide a definitive answer, as I have yet to assess the matter from the perspectives of either the Committee on Budgetary Control or ECA. Gaining practical experience at the Court of Auditors will be essential in forming a well-informed view.

     What is clear, however, is that the cooperation between the Court of Auditors and national audit bodies, as outlined in Article 287(3) of the Treaty on the Functioning of the European Union, is crucial for effective budgetary control. In the context of shared management, leveraging the expertise of national auditors is particularly important.  

     Maintaining an open dialogue with the budgetary and legislative authorities, national SAIs, and other stakeholders strengthen the institution’s relevance and the impact of its work.

    Both the European Parliament (through the CONT Committee) and national audit institutions that report to national parliaments are key stakeholders for the ECA, with a shared goal of safeguarding the EU budget and ensuring optimal use of EU taxpayers’ money. In this regard, the ECA should continue to share its relevant reports with national audit bodies and other institutions to keep them informed of its activities and to communicate its recommendations on pertinent policy areas.

    Therefore, I believe that a well organised, transparent exchange of information, a strong understanding of each side’s needs, and effective collaborative arrangements are key to success. Any actions taken must uphold the legal framework for cooperation, ensuring both the obligation to work in good faith and the independence of the Court of Auditors and national audit bodies.

    Moreover, I would encourage direct structured dialogue between the Contact Committee and the EP Committee on Budgetary Control, with regular exchanges on good practices and lessons learned, effective budget implementation and control, governance, transparency and accountability matters. Additionally, I believe that joint risk analyses could also be a part of this more structured dialogue, a common understanding on challenges and specific risk across the EU, and exchange on ways to address these.

    At its end, the European Parliament also plays a significant role in raising awareness of the ECA’s work and the EU budget control system among their constituents. Also, the Members of the European Parliament should help the audit authorities in their respective Member States to better understand the challenges they face in carrying out their duties.

    18. How would you further develop the reporting of the ECA to give the European Parliament all the necessary information on the accuracy of the data provided by the Member States to the European Commission?

    A: High-quality reporting is based mainly on the quality of data provided. ECA evaluation and reporting depends on the quality of the data provided, especially since it supports the European Parliament in consolidating its budgetary decisions.

    In this respect, also considering that European statistics are public goods, and building on the current Regulation on European Statistics, it is important to analyse, in dialogue with the European Commission and the other institutions, how the current system could be improved to focus on new data sources, new technologies and insights generated by the digital era, as to ensure that the data provided reflect the new set of challenges and economic realities in order to support the reasoning of EU decisions and policy objectives.

    Always remembering that the Court itself has limited resources and must best use them to report its work.

    Other questions

    19. Will you withdraw your candidacy if Parliament’s opinion on your appointment as Member of the Court is unfavourable?

    A: As a former member of the Romanian parliament and former committee chair, I have full respect for the decisions of the European Parliament. In this respect, if any doubts were raised about my integrity or independence, I would of course consider, after discussions with my Member State, withdrawing my nomination. I would also carefully consider the views and discussions in the Budgetary Control Committee regarding the areas of professional improvement and act accordingly.

    Nevertheless, since I was nominated by the Romanian Government and the procedure under the TFEU states that the Council has the final decision, I consider that following the full procedure is the correct way to act that respects all the institutions involved.

    ANNEX: ENTITIES OR PERSONS FROM WHOM THE RAPPORTEUR HAS RECEIVED INPUT

    The rapporteur declares under his exclusive responsibility that he did not receive input from any entity or person to be mentioned in this Annex pursuant to Article 8 of Annex I to the Rules of Procedure.

     

    INFORMATION ON ADOPTION IN COMMITTEE RESPONSIBLE

    Date adopted

    18.3.2025

     

     

     

    Result of final vote

    +:

    –:

    0:

    22

    2

    5

    Members present for the final vote

    Georgios Aftias, Gilles Boyer, Caterina Chinnici, Tamás Deutsch, Dick Erixon, Daniel Freund, Gerben-Jan Gerbrandy, Niclas Herbst, Monika Hohlmeier, Virginie Joron, Kinga Kollár, Giuseppe Lupo, Marit Maij, Claudiu Manda, Csaba Molnár, Fidias Panayiotou, Jacek Protas, Julien Sanchez, Jonas Sjöstedt, Carla Tavares, Tomáš Zdechovský

    Substitutes present for the final vote

    Maria Grapini, Erik Marquardt, Bert-Jan Ruissen, Vlad Vasile-Voiculescu, Annamária Vicsek

    Members under Rule 216(7) present for the final vote

    Andrzej Halicki, Valentina Palmisano, Georgiana Teodorescu

     

     

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