Category: KB

  • MIL-OSI United Kingdom: Authorisation application deadlines for Christmas period 2024

    Source: United Kingdom – Executive Government & Departments

    Validation for applications during the Christmas period 2024 for MA, ManA, WDA, Batch Release, Specific Batch Control, and Special Import and Export Certificates.

    Our offices will be closed on Wednesday 25, Thursday 26 December and Wednesday 1 January.

    Validation during the Christmas Period 2024

    Marketing Authorisation applications

    In recognition of the resource pressures and delays to service currently being experienced, the VMD is extending the usual Christmas shut down period for 2024 to focus efforts on issuing existing applications.

    All applications must be received by 29 November to be processed during the Christmas period. Any applications received after this date will not be processed until 2 January 2024.

    Validation of New Marketing Authorisation applications

    The last validation meeting to discuss applications for new Marketing Authorisations (MAs) will take place on 12 December. New applications to be considered for validation must be received on or before 29 November. Weekly validation meetings will resume from 9 January 2024.

    For further information contact s.response@vmd.gov.uk

    Manufacturing and Wholesale Dealer Authorisation applications (new and variations)

    The last day for validation of applications for Authorisations for Manufacturers, Blood Banks, Equine Stem Cell Centres and Wholesale Dealers (new and variations) will be 13 December. To be considered for validation by this date, please ensure that your application reaches us by 11 December. The validation discussions will resume from 2 January 2024.

    For further information contact the team at inspections@vmd.gov.uk

    Export Certificates

    Your application for an export certificate must be received by 13 December to ensure it is dealt with during the Christmas period. Applications received after this date will be dealt with from 2 January 2024.

    For further information contact the team at exportcert@vmd.gov.uk.

    Specific Batch Control-PVMP

    Your application must be received by 11 December to ensure it is dealt with during the Christmas period. Applications received after this date will be dealt with from 2 January 2022.

    For further information contact the team at s.response@vmd.gov.uk.

    Batch Release Requests-IVMP

    Your batch release request must be received by 11 December to ensure it is dealt with during the Christmas period. Requests received after this date will be dealt with from 2 January 2024.

    For exceptional cases after 11 December, we will consider these on a case-by-case basis, contact the team on batchr@vmd.gov.uk.

    Special Import Scheme applications

    For Special Import Certificate and Wholesale Dealer Import Certificate applications requiring assessment, that is, not available instantly online, your application must be received by 13 December to ensure it is dealt with during the Christmas period.  

    Requests received after this date will be dealt with from 2 January 2024. If you have an urgent clinical need requiring an import certificate prior to this date, please email importcert@vmd.gov.uk identifying your application as urgent.

    Please send any general enquiries to postmaster@vmd.gov.uk, using key words in the subject heading.

    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom

  • MIL-OSI Video: The WTO is born: memories from Marrakech 1994

    Source: World Trade Organization – WTO (video statements)

    To mark the 30th anniversary of the Marrakesh Agreement, we sat down with Said El Hachimi, a former Moroccan trade negotiator and former WTO staff member. He shared his personal insights into the historic 1994 conference that led to the formation of the World Trade Organization.
    From the vibrant backdrop of Marrakesh to the challenges of organizing such an event, Said reflects on the lasting impact of the event and its role in reshaping global trade, especially for developing economies like Morocco.

    https://www.youtube.com/watch?v=XGfqrSKfzl0

    MIL OSI Video

  • MIL-OSI Security: Former Pharmaceutical Executive Sentenced for Falsifying Financial Documentation

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

    DETROIT – A Northville man was sentenced Tuesday to one year and one day in prison, followed by two years of supervised release, for providing a financial institution with false documentation in connection with a bank loan, announced United States Attorney Dawn N. Ison.

    Ison was joined in the announcement by Special Agent in Charge Cheyvoryea Gibson, Federal Bureau of Investigation, Detroit Field Division

    Theodore Toloff, 65, entered his guilty plea in January before United States District Judge David M. Lawson.

    According to court records, Toloff served as the Chief Financial Officer of the Frank W. Kerr Company (“Kerr”), a now-defunct pharmaceutical wholesaler that was based in Novi, Michigan. Kerr had a revolving credit agreement with two large financial institutions under which the company borrowed funds up to $60 million pursuant to a calculation dependent on the company’s eligible accounts receivable and inventory. Toloff admitted that he submitted false documentation to the financial institutions that included $18 million in ineligible accounts receivable and that Kerr borrowed additional funds after this false documentation was submitted.   The Court found that Toloff’s criminal conduct caused Kerr’s lenders to sustain a loss of $1.3 million, which Toloff was also ordered to pay back to the lenders as restitution.

    “Corporate executives should be held to the same standard of honesty as anyone else when they interact with lending institutions,” stated United States Attorney Dawn N. Ison. “When individuals lie to lenders, those lies cause loans to become more difficult and more expensive for honest consumers and businesses to access. My office is committed to ensuring that those who engage in dishonest financial crimes are held accountable.”

    “The defendant admitted to providing false documents to a financial institution, undermining the laws and integrity of our financial systems, said Special Agent in Charge Cheyvoryea Gibson of the FBI in Michigan. “The FBI works tirelessly with our law enforcement partners and regulatory agencies to investigate those who commit financial crimes. If you believe you have information related to financial crimes, I urge the public to submit tips on alleged crimes such as those detailed in this case to 1-800-CALLFBI (1-800-225-5324) or online at tips.fbi.gov.”

    The case was prosecuted by Assistant U.S. Attorney Andrew J. Yahkind. The investigation was conducted by the Federal Bureau of investigation.

    MIL Security OSI

  • MIL-OSI USA: Governor issues statement on the passing of Navajo Code Talker John Kinsel Sr.

    Source: US State of New Mexico

    SANTA FE – Gov. Michelle Lujan Grisham on Sunday issued the following statement on Navajo Code Talker, John Kinsel Sr.

    “John Kinsel’s service as a Marine and Navajo Code Talker represented the values and valor that helped the U.S., and its allies prevail in World War II. His legacy is one of extraordinary courage and profound patriotism, not only as a warrior but as a protector of his Navajo heritage. I invite my fellow New Mexicans and Americans to join me in reflecting on Mr. Kinsel’s bravery and sacrifice in honor of his service to America and the Navajo Nation. Manny and I extend our deepest condolences to Mr. Kinsel’s family and loved ones during this difficult time.

    As we honor Mr. Kinsel’s life and contributions, it is also an opportunity to recognize the importance of the Navajo Code Talkers Museum. Although still in development, this museum will serve as a lasting tribute to the remarkable stories of Navajo Code Talkers like John Kinsel, ensuring that future generations understand and appreciate their vital role in history.”

    MIL OSI USA News

  • MIL-OSI Global: Toothbrushes and showerheads covered in viruses ‘unlike anything we’ve seen before’ – new study

    Source: The Conversation – UK – By Primrose Freestone, Senior Lecturer in Clinical Microbiology, University of Leicester

    Toothbrushes and showerheads in American homes are teeming with viruses known as bacteriophages (bacteria eaters), a new study has found. Many of these “phages” – as they’re known for short – have never been identified before.

    The researchers, from Northwestern University in Illinois, swabbed 92 showerheads and 36 toothbrushes. They described what they found as “unlike anything we’ve seen before” and “absolutely wild”. But how alarming is this finding? And what should you do to remain safe?

    It is increasingly recognised that wherever you look for microbial species (viruses and bacteria) you will probably find them, particularly in damp places where they thrive, such as showerheads and toothbrushes. The fact that bacteria-infecting viruses were found in great numbers on showerheads and toothbrushes should not come as a surprise. Where there are bacteria, there will inevitably be viruses that infect them.

    People’s homes are host to a variety of microbial communities, which include bacteria, viruses, fungi and protozoa. And it has been known for over a decade that showerheads and their hoses can harbour various bacterial species. These include ones that can cause ill health, such as mycobacteria, which can cause respiratory infections, Legionella which causes legionnaire’s disease and Pontiac fever, and Pseudomonas aeruginosa, which can cause ear and eye infections.

    Showerheads

    These bacteria have been found on showerheads at levels over 100 times those found in tap water.

    In showerheads, there will inevitably be viruses that infect the bacteria found on them. And the more species of bacteria there are, the greater the diversity of phages likely to be present.

    The presence of a microscopic ecosystem in your showerhead also means every time you shower, you are coating yourself in the showerhead bacteria and their related phage viruses. And this is an infection risk.

    To disinfect your showerhead, soak it in vinegar. It has the added benefit of removing any limescale.

    Unscrew the showerhead, brush off any soap residue, and place the showerhead in a plastic bag or other container with enough undiluted white vinegar to cover the item. Leave it for up to two hours.

    Rinse the showerhead well after taking it out of the vinegar solution, and repeat every month or so, depending on usage.

    Toothbrushes

    The researchers at Northwestern University also looked at phages inhabiting regularly used toothbrushes. Unsurprisingly, they also found a diversity of phages on the brush heads.

    During brushing, toothbrushes come into contact with structures in the mouth (gum, teeth, tongue, cheeks, uvula and palates). And each of these is home to hundreds of species of bacteria and other microbes.

    Oral microbes play an important role in keeping the mouth healthy by excluding harmful germs (pathogens), helping digest food, and regulating the working of the heart and immune system.

    The bacterial diversity of the mouth and tooth microbiomes will, as the US study found, influence the diversity of phages deposited onto toothbrushes.

    The study provides an interesting snapshot of the diversity of the oral micro-ecosystems (bacteria and viruses) that are deposited on toothbrushes but may cause some people to worry that the microbes on their toothbrushes are a potential source of infection.

    The toothbrush viruses identified were bacterial, not human viruses so they are not a health concern. However, while toothbrush microbes are not a risk to the toothbrush owner, as the microbes on it are their own, they can cause infections in others if a toothbrush is shared. One person’s harmless oral microbes can be another’s pathogens, leading to illnesses ranging from colds to endocarditis (a life-threatening inflammation of the heart’s inner lining).

    Phages explained.

    It is a good idea to clean your toothbrush regularly. The NHS advises running it under the hot tap for about 30 seconds, followed by air drying.

    Other websites advise soaking toothbrush heads in antibacterial mouthwash or denture cleaners. For electric toothbrushes, you should follow the manufacturer’s cleaning guidance.

    The take-home message from the Northwestern study is that we live in a richly microbial world and that interactions with bacteria and other microbes in our homes are an integral part of our human biology. Also, despite many new phage species being discovered, there is no cause for alarm – as long as you follow the advice above and keep your showerhead and toothbrush clean.

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

    ref. Toothbrushes and showerheads covered in viruses ‘unlike anything we’ve seen before’ – new study – https://theconversation.com/toothbrushes-and-showerheads-covered-in-viruses-unlike-anything-weve-seen-before-new-study-241072

    MIL OSI – Global Reports

  • MIL-OSI Global: Education and gender equality: focus on girls isn’t fair and isn’t enough – global study

    Source: The Conversation – Africa – By Kathryn Watt, Research Manager, The Asenze Project, University of KwaZulu-Natal

    For the past two decades, investing in girls’ schooling has been hailed as a cornerstone of promoting gender equality in sub-Saharan Africa. Between 2016 and 2018 the World Bank Group invested US$3.2 billion in education projects benefiting adolescent girls.

    The logic is straightforward. Girls face significant barriers to education, among them poverty, insufficient academic support, adolescent pregnancy, child marriage, and school related gender-based violence. Reducing these barriers can substantially improve their educational outcomes.

    But is this approach – investing in girls’ education – fair to boys, and enough to make a meaningful impact on girls’ lives in the long term? Having studied the relationship between interventions and the way people’s lives develop in adverse contexts, we argue that the answer is no on both counts.

    We explain this view in a recent paper. In it we compare the different effects of directing development assistance: improving girls’ school enrolment, prioritising schooling for both girls and boys, and addressing barriers to gender equality throughout life.

    We used publicly available data for 136 low- and middle-income countries, including those in sub-Saharan Africa. We calculated the female-to-male ratio for important education indicators in each country to show where girls are ahead, on par or behind boys.

    Our findings suggest that the current focus on girls’ schooling may both unintentionally disadvantage boys and be a relatively inefficient means of advancing gender equality.

    Girls’ and boys’ education in sub-Saharan Africa

    We focused on two indicators to assess the current state of girls’ and boys’ education in the region:

    Harmonised learning outcomes measure learning and progress based on the results from seven different types of tests combined and made comparable among children attending school. They reflect the environmental inputs into learning and achievement, such as school quality. Completing secondary school, meanwhile, has been shown to increase a person’s potential for future development, opportunities for employment and higher education.

    In most countries in sub-Saharan Africa, girls are behind boys on secondary school completion. The average completion rate for boys is 30%. For girls it is just 24%. In southern Africa specifically, girls have higher completion rates than boys. Figure 1 shows where girls are ahead or behind on this indicator.

    In sub-Saharan Africa, the average harmonised learning outcomes score for boys is 301; it is 303 for girls. Our results show that, for most countries in the region, girls are achieving roughly equal scores to their male peers.

    This suggests that gender gaps in education are not as pronounced as is often portrayed.

    Firstly, although school completion rates are higher for boys, this gap is small, and overall completion rates remain low for both genders.

    Secondly, where boys are averaging higher levels of completed schooling, it is not due to better academic performance. Once enrolled, girls in the region tend to keep up with boys in school completion and academic performance.

    Rather than asking who is ahead, it’s more important to note that neither boys nor girls are doing well. Our results show that educational outcomes in sub-Saharan Africa – including school performance and completion – are alarmingly poor for both girls and boys.

    So, if all children in the region are clearly in need of support, why target education interventions at girls alone?

    Large disparities in later life

    The key to gender equality lies in ensuring girls and boys, and men and women, have the same opportunities to reach their potential from early life, through late childhood and adolescence, into adulthood.

    Research emphasises that human development does not hinge on any single factor such as schooling. Rather, it depends on capabilities built throughout life.

    In early childhood, proper nutrition, among other things, is crucial for developing a child’s basic physical and cognitive capabilities. These early investments protect the potential for human development.

    During childhood and adolescence, factors like quality schooling and social support allow young people to realise that potential.

    Finally, in adulthood, social norms and job opportunities determine how fully a person can use their realised potential.

    Our findings suggest that, on average, in low- and middle-income countries the development potential of girls and young women is protected and realised better than it is for boys and young men. But later in life, women don’t have as many opportunities as men to use that potential.

    This implies that initiatives focused on girls’ schooling are likely not the most effective means of promoting girls’ development or reducing gender gaps.

    Large disparities emerge later in girls’ lives. For example, our findings show that women earn less than men in almost every country in sub-Saharan Africa. These results reflect how patriarchal norms, particularly the unequal burden of housework and childcare, tend to push women into lower-paid informal or part-time work. Even when similarly qualified and in comparable positions, women typically earn less than men.

    These findings, when considered in the context of the current state of education in the region, challenge the idea that focusing solely on girls’ education is enough to promote their lifelong development or meaningfully reduce gender inequalities.

    The argument that boys should not receive the same support as girls is weak.

    How to promote greater gender equality in sub-Saharan Africa

    Targeted interventions are likely to have the greatest impact where girls and women face the greatest barriers: in using their potential. That means, for example:

    Social protection policies, including childcare and reproductive health services, can ease women’s caregiving burden and give them the time and agency to fully participate in politics, the economy and society.

    There are also opportunities beyond government, where support for trade unions, for instance, has been shown to help narrow gender wage gaps.

    Addressing gender inequality requires a life-course approach. It should involve quality education for both genders, and tackling the policies, practices and social norms that marginalise women and girls, especially in the later stages of their lives.

    Sara Naicker, Jere Behrman and Linda Richter contributed to the research this article is based on. Dhyan Saravanja contributed to this article.

    Chris Desmond receives funding from UK Research and Innovation Global Challenges Research Fund Accelerating Achievement for Africa’s Adolescents Hub,Grant/Award Number: ES/S008101/1

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

    ref. Education and gender equality: focus on girls isn’t fair and isn’t enough – global study – https://theconversation.com/education-and-gender-equality-focus-on-girls-isnt-fair-and-isnt-enough-global-study-240239

    MIL OSI – Global Reports

  • MIL-OSI Security: Kansas City Man Pleads Guilty to Three Fentanyl Overdose Deaths

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

    KANSAS CITY, Mo. – A Kansas City, Mo., man pleaded guilty in federal court today to distributing fentanyl, which resulted in three overdose deaths in Belton and Raymore, Mo., as part of a drug-trafficking conspiracy.

    Tiger Dean Draggoo, 24, pleaded guilty before U.S. District Judge Roseann A. Ketchmark to one count of conspiracy to distribute fentanyl and three counts of distributing fentanyl resulting in death.

    By pleading guilty today, Draggoo admitted that he distributed fentanyl on Sept. 3, 2022, the use of which caused the death of another person. Draggoo admitted that he distributed fentanyl between Aug. 22 and Sept. 13, 2022, the use of which caused the death of another person. Draggoo admitted that he distributed fentanyl between Dec. 7 and 20, 2022, the use of which caused the death of another person.

    Draggoo also admitted that the government’s evidence of the total amount of drugs he is responsible for distributing or possessing is at least 22,364 pills that contained a total of 2,460 grams of fentanyl.

    Victim #1 Fatality

    On Sept. 4, 2022, Cass County, Mo., sheriff’s deputies found a juvenile, identified in court documents as “Victim #1,” deceased in her bedroom. An autopsy report identified “Fentanyl Intoxication” as the cause of death. Investigators determined that Draggoo was selling fentanyl pills to the victim and had supplied her with fentanyl pills on the evening of Sept. 3, 2022.

    Victim #2 Fatality

    On Sept. 13, 2022, a deceased person, identified in court documents as “Victim #2,” was found in the Belton residence where she lived with her mother. A blue pill was found in her bedroom, which was tested and determined to contain fentanyl. An autopsy report identified the cause of death as “Acute Fentanyl Toxicity.” Investigators learned that Draggoo was selling fentanyl pills to Victim #2. Draggoo typically would drop off pills near midnight at Victim #2’s bedroom window, and cell phone GPS information indicated Draggoo was in the area of Victim #2’s residence at approximately 12:20 a.m on Sept. 13, 2022.

    Attempted Arrest of Draggoo

    On Sept. 22, 2022, law enforcement officers conducted surveillance of Draggoo’s apartment and attempted to arrest him. Draggoo got into a Jeep Renegade driven by his brother, co-defendant Colt Justin Draggoo, 21, of Kansas City, Mo. Officers attempted to conduct a traffic stop of the vehicle, but the vehicle fled. Tiger and Colt Draggoo later returned to the apartment complex, but when an officer drove into the parking lot, Tiger Draggoo ran into the apartment building and was able to escape.

    Colt Draggoo was arrested. Officers found a loaded Springfield Armory 9mm handgun sitting on the driver’s seat of the Jeep. A laundry bag in the back seat contained two fire safes that had a total of $184,500 in cash. Colt Draggoo has pleaded guilty to his role in the drug-trafficking conspiracy.

    Officers searched Tiger Draggoo’s apartment and found 17 firearms, including two machine guns, ammunition of various calibers, $246,769 in cash, a ballistic vest with plates, a money counter, numerous pills that contained fentanyl, eight suspected LSD tabs, and marijuana. The 17 firearms included a Del-Ton 5.56-caliber rifle (converted into a machine gun), a Glock switch (used to convert a Glock pistol into a machine gun), three Marlin .22-caliber rifles, a Norinco 7.62-caliber rifle, a Mosin-Nagant rifle, an Anderson Manufacturing AM-15 .223-caliber rifle, a Mossberg 12-gauge shotgun, an Armscorp USA .308-caliber rifle, a Century Arms 7.62-caliber rifle, a Herbert Schmidt .22-caliber revolver, a New England Firearms .22-caliber revolver, a Kimber 9mm pistol, a Glock 9mm pistol, a Sig Sauer 9mm pistol, and a Metro Arms .45-caliber pistol.

    Victim #3 Fatality

    On Dec. 20, 2022, Raymore police officers were dispatched to a residence in Raymore regarding a non-breathing female, identified in court documents as Victim #3. Victim #3 was transported to a local hospital where she was pronounced deceased. A small jewelry box in Victim #3’s bedroom contained three broken segments of a blue pill that were tested and determined to contain fentanyl. An autopsy report identified the cause of death as “Acute Fentanyl Toxicity.” Investigators learned that Tiger Draggoo had been selling fentanyl to Victim #3 since as early as May 31, 2022. The last Facebook Messengers conversation between Tiger Draggoo and Victim #3 occurred on Dec. 7, 2022, when they agreed to meet and an amount of $50 was agreed upon.

    Arrest of Draggoo

    Tiger Draggoo was arrested at his residence on Jan. 20, 2023. Tiger Draggoo was in possession of almost $2,000 in cash in his billfold and pockets. Officers searched Tiger Draggoo’s apartment and recovered pills from the toilet. Officers also found suspected psilocybin mushrooms, 144 grams of yellow THC wax, and more than $62,000 in additional cash. Officers searched Tiger Draggoo’s Honda Accord and found three handguns, a Palmetto State Armory multi-caliber rifle, an unregistered short-barreled 12-gauge shotgun, and $1,250 in cash. Officers searched his girlfriend’s Jeep Renegade, which was located at the apartment complex, and found a backpack that contained more than $82,000 in cash.

    Under federal statutes, Tiger Draggoo is subject to a mandatory minimum sentence of 20 years in federal prison without parole, up to a sentence of life in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    This case is being prosecuted by Assistant U.S. Attorneys Brad K. Kavanaugh and Robert Smith. It was investigated by the Jackson County Drug Task Force, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Belton, Mo., Police Department, the Raymore, Mo., Police Department, the Cass County, Mo., Sheriff’s Department, and the FBI.

    MIL Security OSI

  • MIL-OSI Global: Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble because of government overspending

    Source: The Conversation – Africa – By Jonathan Munemo, Professor of Economics, Salisbury University

    The Reserve Bank of Zimbabwe devalued the ZiG by 43% on 27 September 2024. This weakened the official exchange rate from 13.9 ZiG per US dollar to 24.4 ZiG per US dollar.

    The ZiG (Zimbabwe Gold) is the nation’s newest currency and was launched in April 2024.

    The unexpected devaluation was prompted by the need to contain resurgent exchange rate pressure which started back in August due to higher food import costs and a slide in mineral export sales. The central bank decided to ease this pressure by lowering the value of the currency instead of burning reserves to keep its value steady at 13.9 ZiG per dollar.

    The strain on the ZiG has intensified in the aftermath of the devaluation. It has weakened even further to more than 26 ZiG per dollar as of 18 October. This has raised speculation that it will continue to weaken.

    This would have a number of negative consequences. It would keep upward pressure on import prices, hurting households and businesses. If this happened, Zimbabwean households already hit by falling paycheques and savings might cut back further on spending.

    The strain on the currency also risks reigniting inflation. The risk comes after monthly inflation ticked up to 1.4% in August and then climbed to 5.8% in September. Resurgent inflation would also increase costs for businesses and threaten to stifle investment. That was on display in 2000-08 and 2019-20 when price instability dampened economic activity and created a costly business environment which discouraged investment.

    A further risk factor from currency instability is that it would deter foreign investors worried about the ZiG as a reliable store of value. The prospect of declining business investment, loss of confidence in the ZiG, and anaemic consumption would in turn be a major drag on economic activity. Economic growth in 2024 is expected to slow down to 2% from 5% last year. El Niño-induced drought, lower mining prices, and macroeconomic instability are among the key reasons.

    This is the sixth time Zimbabwe’s authorities have attempted to establish a stable national currency in the past 15 years. The history of failed attempts has cast a long shadow on the ZiG. The recent devaluation has not eased concerns about Zimbabwe’s struggles to develop and maintain a domestic currency that can be widely used for transactions and as a store of value on a voluntary basis.

    I have long thought the devaluation was inevitable. Authorities must confront the fundamental causes, which are rooted in a loss of faith in the ability of government to manage spending. In particular, its habit of printing money, overspending on its budgets and failing to expand the economy.

    Interventions

    The ZiG is part of a multicurrency system which allows individuals to use other major currencies including the US dollar, euro, South African rand and pound sterling.

    To increase the ZiG’s uptake, authorities imposed a number of measures. The new unit has to be used for paying a portion of company taxes and most government services. Fines are issued to traders unwilling to accept ZiG payments.

    Measures like these are not sufficient because they do not consider the real problems hindering success of the Zimbabwe dollar.

    The central bank also announced that it aims to slow the ZiG’s decline by imposing currency controls and raising the benchmark policy rate (the rate used to implement its monetary policy) from 20% to 35%. The jump in the cost of borrowing triggered by these measures will further weigh on business investment and consumer spending.

    Gains to Zimbabwean exporters from a cheaper ZiG are unlikely to be substantial because of an El Niño-induced drought which has devastated crops in southern Africa. And dollar earnings for Zimbabwe’s mineral exports have been hurt by lower commodity prices. The agriculture and food sector contributes about 17% to GDP and 40% of total export earnings on average, while mining accounts for about 12% of GDP and 80% of total exports.

    My worry is that a cheaper ZiG may not juice exports and reduce the trade shortfall of US$1,453 million recorded last year, given the hit to commodity prices and adverse impact of drought on agricultural production. A bigger trade deficit will keep downward pressure on the currency. The weaker ZiG could however boost inbound tourism.

    To retain a stable domestic currency, authorities will have to address deeper structural causes rooted in the country’s long history of printing money to pay for government overspending amid slow economic expansion. That means:

    • slashing the budget while giving greater spending priority to health, education, public infrastructure and other critical investments.

    • government weaning itself off dependence on printing money to finance fiscal deficits

    • supporting credible policies for more sustainable and private-sector led growth and policies for capturing more revenue from growth.

    Precedents

    This is not the first time that the Zimbabwe dollar has been unstable and weak. In the 2000s, printing money to finance government deficit spending produced periods of high inflation amid slow growth, making the currency weak and unstable.

    The currency eventually collapsed in 2009 due to hyperinflation and the US dollar became the official currency.

    Another local currency (the RTGS dollar) was later introduced in 2019. With the power to print more money restored, inflation rapidly accelerated and surpassed 500% in 2020. This made the new Zimbabwe dollar highly unstable and its value quickly deteriorated.

    As a result, the US dollar continued to be the dominant currency used in transactions and as a store of value. Inflation remained elevated until April 2024, when the ZiG was launched as the new national currency. Its value is backed by gold and foreign currency reserves.

    At first the move seemed to have tamed inflation. But widespread voluntary use of the ZiG failed to materialise. That’s because people are still wary of the government’s power to print money, which had been the key driver of inflation and currency instability.

    What policy makers can do

    Authorities must tackle the root causes of the nation’s currency struggles once and for all. Steps that can be taken to resolve longstanding structural factors include:

    • Re-prioritising public spending by undertaking deep fiscal reforms that will divert more resources towards spending on health, education, public infrastructure and other critical investments needed to boost growth. These reforms should also aim to capture more revenue from growth, for example, through tax reforms.

    • Implementing reforms to address corruption and improve governance is essential for imposing the discipline necessary to push back against covering fiscal deficits by printing money and for restoring faith in government institutions.

    • Pursuing credible policies for more sustainable and private-sector led growth. Strong growth expands tax revenues and gives the government more policy space to spend on essential services and critical investment needs.

    Devaluation and other measures that have been imposed to support the ZiG are not the solution.

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

    ref. Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble because of government overspending – https://theconversation.com/zimbabwes-zig-devaluations-wont-fix-a-currency-thats-in-trouble-because-of-government-overspending-241686

    MIL OSI – Global Reports

  • MIL-OSI Global: Poverty in Lagos isn’t just about money – here’s why

    Source: The Conversation – Africa – By Oluwaseyi Omowunmi Popogbe, Lecturer II, Crawford University

    Lagos is Nigeria’s economic powerhouse, but it has some of the worst slums in the country.

    Lagos slums are characterised by high levels of poverty – the state of not having enough resources to meet basic needs for living, such as food, water, shelter, healthcare and education.

    Poverty is multidimensional. It is not only about money. Yet poverty in Lagos slums has often been studied using traditional methods that focus mostly on income thresholds. A person is considered poor if their income falls below a certain level. This approach captures financial hardship. But it misses other aspects of poverty, such as lack of access to education, healthcare, clean water and decent living conditions.

    Measuring poverty requires a multidimensional approach, not simply an income approach. Multidimensional poverty means looking at all the aspects of deprivation to get a fuller picture of what it means to live in poverty. It helps policymakers and researchers understand that even with some income, a person may still be struggling because they don’t have other essential services.

    In a study of poverty in the Lagos State slums, two other development economists and I used a mathematical framework to model multidimensional poverty. We used what is known as the fuzzy set approach. This was developed in the 1990s as an alternative to purely monetary measures of poverty.

    The traditional monetary approach often classifies people as either “poor” or “not poor” based on specific cut-off points. In reality, poverty exists on a spectrum, and people can experience different levels of deprivation across various aspects of their lives. The fuzzy set approach accounts for this by assigning degrees of membership to different poverty indicators.

    We found considerable disparities in poverty, based on a multidimensional index, across slums in Lagos State. Our insights will enable economists and policymakers to see the different ways people in slums are deprived. In turn this should help them understand how to make their lives better in a more targeted and effective way.

    Background and methodological approach

    Our study focused on five big slums that lie close to the coastal line in Lagos state. These are among the slums the World Bank has identified for upgrading as part of a US$200 million loan project to improve drainage and solid waste management.

    We chose 400 respondents from the five slums: Makoko, Iwaya, Ilaje, Ijora Badia and Amukoko.

    According to Avijit Hazra and Nithya J Gogtay, researchers in bio-statistics and research methodology, a minimum of 384 samples is appropriate for a large population size. Nevertheless, the selected sample for this study limits the ability to generalise the findings to other slums, especially those with different characteristics.

    Findings

    The multidimensional poverty index was highest in Makoko and Iwaya. These scores indicate severe poverty, as they are above the threshold of 0.50.

    In contrast, Amukoko had the lowest multidimensional poverty index, showing relatively less severe deprivation across indicators.

    Makoko and Iwaya are particularly deprived in areas like schooling, sanitation and nutrition. This explains their higher poverty levels compared to other communities.

    Makoko’s location along the coast, with its makeshift housing and poor infrastructure, adds to its vulnerability. Iwaya shares similar challenges in education and health services. These factors make both areas more deprived than other slums.

    Of the three broad poverty dimensions measured, education emerged with the highest deprivation across all communities. This highlighted the limited formal education among residents.

    Specifically, Makoko and Iwaya showed the highest deprivation in schooling. Despite some improvements, particularly in child enrolment, these communities are still marked by severe deprivation.

    The second dimension exhibiting severe deprivation was living standards. There were variations across different slums. Makoko and Iwaya had higher sanitation challenges.

    The third dimension in the severe deprivation category was health. Indicators included mortality and nutrition. They were high across many slums, contributing significantly to their multidimensional poverty indexes.

    Other communities, such as Amukoko (0.0312), showed better sanitation outcomes. On the other hand, electricity, flooring and cooking fuel indicators generally showed lower levels of deprivation, with most slums scoring around or below 0.03 in these categories.

    The prevalence of both serious and minor illnesses, coupled with insufficient medical care, contributed to high mortality rates.

    Poor sanitation could also be a factor in health issues. In Makoko and Iwaya, toilet facilities and waste management were poor, with waste often disposed of in waterways.

    Despite this, personal hygiene practices such as using clean water, soap and regular brushing were prevalent. This helped keep the sanitation index relatively low compared with other factors affecting health.

    Other slums had relatively better-organised waste collection systems and generally improved sanitation practices.

    What needs to be done

    Policymakers should prioritise education-focused initiatives. This should include improving access to quality schools, providing scholarships and setting up adult literacy programmes.

    The study also highlights challenges related to sanitation, especially in Makoko and Iwaya. There is a need for improved infrastructure in these areas, such as better sanitation facilities, waste management systems and access to clean water.

    Policies should focus on upgrading sanitation services to reduce health risks and improve living conditions.

    But the differences in poverty index across slums indicate varying levels of deprivation, suggesting that a one-size-fits-all approach will not be effective.

    Coastal slums like Makoko and Iwaya require more intensive interventions compared to slums not directly on coastal lines such as Amukoko.

    Policymakers should focus resources where they are most needed to have the greatest impact.

    Slums like Ilaje and Ijora Badia are close to the threshold of severe poverty. Policymakers need to take proactive measures to prevent these communities from falling into severe deprivation.

    Lastly, it is important to use data to identify priority areas and develop targeted interventions aimed at improving the quality of life for slum dwellers.

    Instead of relying on generalised approaches, the insights from this study can facilitate the design of specific policies that address the distinct needs of each community.

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

    ref. Poverty in Lagos isn’t just about money – here’s why – https://theconversation.com/poverty-in-lagos-isnt-just-about-money-heres-why-240847

    MIL OSI – Global Reports

  • MIL-OSI United Nations: Video message for the COP16 Opening Ceremony on Biodiversity

    Source: United Nations secretary general

    Download the video: 

    https://s3.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+8+Oct+24/3271890_MSG+SG+BIODIVERSITY+OPENING+CEREMONY+08+OCT+24.mp4

    Excellencies, friends,

    I thank the Government of Colombia for hosting this important COP:

    The COP to make peace with nature;

    And the first since countries adopted the historic Kunming-Montreal Global Biodiversity Framework.
     
    That Framework is grounded in a clear truth: for humanity to thrive, nature must flourish.

    Destroying nature inflames conflict, hunger and disease;

    Fuels poverty, inequality, and the climate crisis;

    And damages sustainable development, green jobs, cultural heritage, and GDP.

    A collapse in nature’s services – such as pollination, and clean water – would see the global economy lose trillions of dollars a year – with the poorest hardest hit.

    The Global Biodiversity Framework promises to reset relations with Earth and its ecosystems.

    But we are not on track.

    Your task at this COP is to convert words into action.

    That means countries presenting clear plans that align national actions with all the Framework’s targets.

    It means agreeing a strengthened monitoring and transparency framework.

    And it means honouring promises on finance – and accelerating support to developing countries.

    We must leave Cali with significant investment in the Global Biodiversity Framework Fund, and commitments to mobilise other sources of public and private finance to deliver the Framework in full.

    And those profiting from nature must contribute to its protection and restoration.

    Developing countries are being plundered:

    Digitised DNA from biodiversity underpins scientific discoveries and economic growth. But developing countries don’t gain fairly from these advances – despite being home to extraordinary richness. 

    This COP must operationalise the mechanism that has been agreed – to ensure that when countries share genetic information, they share benefits – equitably. 

    It must engage all of society – as “La COP de la gente”

    And it must strengthen the role of Indigenous Peoples and local communities.

    Indigenous Peoples are the world’s great guardians of biodiversity; luminaries of sustainable use.

    Their knowledge and stewardship must be at the heart of biodiversity action at every level. 

    Excellencies,

    We have a plan to rescue humanity from a degraded Earth.

    I look forward to seeing you in person at the end of the COP to hear how you have delivered.

    Thank you.

    MIL OSI United Nations News

  • MIL-OSI Canada: Governments helping fruit sector seek new opportunities

    Source: Government of Canada News (2)

    News release

    $4.4 million investment enabling fruit growers to meet consumer demand

    Oct. 21, 2024 – Toronto, Ontario  –  Agriculture and Agri-Food Canada

    The governments of Canada and Ontario are helping 128 apple, tender fruit, and table grape producers grow more popular and hardy varieties of produce. The Growing Future Opportunities Initiative, with funding through the Sustainable Canadian Agricultural Partnership (Sustainable CAP), is supporting these projects through a $4.4 million investment.

    Growers are replanting more than 94 acres of apples and more than 60 acres of tender fruit and table grapes. The range of fruit varieties being planted are considered by the sector to have greater appeal with changing consumer tastes, and are more resilient to increase yield, improve hardiness, and enhance resistance to pests and diseases. This includes fruits such as Coral Star and Summer Serenade peaches and Gala and Honeycrisp apples.

    The Growing Future Opportunities Initiative is a 3-year, $8 million initiative providing eligible fruit producers with cost-share funding to purchase vines or trees of popular fruit varieties. Applications are still being accepted for tender fruit, table grapes and wine grapes. Under the Growing Future Opportunities Initiative, eligible producers can receive 75% of cost-share funding for plants.

    The Sustainable CAP is a 5-year, $3.5-billion investment by federal, provincial and territorial governments to strengthen competitiveness, innovation, and resiliency of Canada’s agriculture, agri‐food and agri‐based products sector. This includes $1 billion in federal programs and activities and a $2.5-billion commitment that is cost-shared 60% federally and 40% provincially/territorially for programs that are designed and delivered by provinces and territories. 

    Quotes

    “Ontario’s fruit producers are vitally important to Canada’s agriculture sector. The Growing Future Opportunities Initiative will help them stay competitive and increase their resiliency, while ensuring folks have access to the locally grown fruit they enjoy.”

    – The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food. 

    “In its first year, the Growing Future Opportunities Initiative is already helping Ontario fruit producers to be more competitive, so they can provide and market more popular products for consumers to enjoy,” said Rob Flack, Ontario Minister of Agriculture, Food and Agribusiness. “Supporting agri-food production is part of our Grow Ontario Strategy, and it’s helping to drive economic growth in Ontario’s $50 billion agri-food sector.”

    – Rob Flack, Ontario Minister of Agriculture, Food and Agribusiness

    Quick facts

    • Agricorp is delivering the Growing Future Opportunities Initiative

    • The Growing Future Opportunities Initiative is helping Ontario reach the goals outlined in the Grow Ontario Strategy, which include increasing the consumption and production of food grown and prepared in the province by 30% by 2032.

    • Building sector capacity and growth through realizing the potential of value-added agri-food and agri-products were among the top priorities set for Sustainable CAP by the federal-provincial-territorial agricultural ministers in The Guelph Statement.

    • For more information about OMAFA programs and services, contact the Agricultural Information Contact Centre (AICC) by phone at 1-877-424-1300 or by email at ag.info.omafa@ontario.ca.

    Associated links

    Contacts

    For media:

    Annie Cullinan
    Director of Communications
    Office of the Minister of Agriculture and Agri-Food
    annie.cullinan@agr.gc.ca

    Media Relations
    Agriculture and Agri-Food Canada
    Ottawa, Ontario
    613-773-7972
    1-866-345-7972
    aafc.mediarelations-relationsmedias.aac@agr.gc.ca
    Follow us on Twitter, Facebook, Instagram, and LinkedIn
    Web: Agriculture and Agri-Food Canada

    Makena Mahoney
    Minister’s Office
    Makena.Mahoney@ontario.ca

    Meaghan Evans
    Communications Branch
    OMAFRA.media@ontario.ca

    MIL OSI Canada News

  • MIL-OSI USA: Trees in cities are beyond shady

    Source: US Geological Survey

    According to newly published U.S. Geological Survey research conducted in 8 large cities coast to coast, urban trees in hot and dry cities can amplify the cooling of local air temperature. 

    The multi-year study was conducted in Baltimore, Los Angeles, Phoenix, Portland, Miami, Tucson, Denver and Las Vegas. Scientists placed 80-100 sensors on trees in each city and measured hourly air temperatures for three months during the summers of 2016-2019. 

    “All trees have a cooling effect, but trees in hot, dry areas can have a greater impact than in humid cities,” said Peter Ibsen, USGS research ecologist. “Trees in areas like Las Vegas, Phoenix and Tucson are particularly effective at reducing heat.” 

    Tree canopy is important in urban environments as it has implications for city planning, public health, and climate resilience. 

    The team found that trees have a more pronounced cooling effect in hotter and drier regions, a contrast to buildings, which tend to have a warming effect in hotter and drier regions. Though in more humid cities like Baltimore, Portland, and Miami, tree cooling is stronger than warming coming from impervious surfaces, which highlights the potential for increasing local air temperature reductions by replacing impenetrable surfaces with tree canopy. 

    Trees reduce heat in all studied cities, but their effectiveness was contingent on local water availability. Irrigation is crucial for maintaining trees’ cooling effects in all studied areas.  

    Other surfaces had temperature changes more consistently across all regions. Flat surfaces like grass had a cooling effect consistently across the cities in the study, while paved areas had a warming effect consistently across the study.  

    MIL OSI USA News

  • MIL-OSI USA: SEC Division of Examinations Announces 2025 Priorities

    Source: Securities and Exchange Commission

    The Securities and Exchange Commission’s Division of Examinations today released its 2025 examination priorities. The Division publishes its examination priorities annually to inform investors and registrants of potential risks in the U.S. capital markets and to make them aware of the examination topics that the Division plans to focus on in the new fiscal year. This year’s examinations will prioritize perennial and emerging risk areas, such as fiduciary duty, standards of conduct, cybersecurity, and artificial intelligence.

    “The Division of Examinations 2025 priorities enhance trust in our ever-evolving markets,” said SEC Chair Gary Gensler. “In examining for compliance with our time-tested rules, the Division plays a critical role in protecting investors and facilitating capital formation. Working with registrants to understand the rules helps ensure that markets work for investors and issuers alike.”

    “Our 2025 examination priorities identify the key areas of potentially increased risks and related harm for investors,” said Keith Cassidy, Acting Director of the Division of Examinations. “We hope that registrants will evaluate their compliance programs in the areas we identified and make the changes necessary to protect investors and maintain fair and orderly capital markets.”

    The Division examines SEC-registered investment advisers, investment companies, broker-dealers, clearing agencies, and self-regulatory organizations, among others, for compliance with federal securities laws. The Division prioritizes examinations of the practices, products, and services that were found, through a risk-based assessment, to present a heightened risk to investors or the integrity of the U.S. capital markets. The annual publication of the examination priorities furthers the SEC’s mission and aligns with the Division’s four pillars to promote and improve compliance, prevent fraud, monitor risk, and inform policy.

    For fiscal year 2025, in addition to conducting examinations in core areas such as disclosures and governance practices, the Division will also examine for compliance with new rules, the use of emerging technologies, and the soundness of controls intended to protect investor information, records, and assets.

    The 2025 examination priorities cover a broad landscape of potential risks to investors that firms should consider as they review and strengthen their compliance programs. They are not, however, an exhaustive list of all the areas the Division will focus on in the upcoming year.  The scope of any examination includes analysis of other risk factors such as an entity’s history, operations, and products and services.

    MIL OSI USA News

  • MIL-OSI Canada: Competition Bureau seeks information from market participants on property controls to advance investigations

    Source: Government of Canada News

    Competition Bureau seeks information from market participants on property controls to advance investigations October 21, 2024 – GATINEAU, QC, Competition Bureau

    Bureau is examining whether property controls imposed by grocery retailers are harming competition 

    October 21, 2024 – GATINEAU, QC, Competition Bureau

    The Competition Bureau is inviting market participants to provide input about the use of property controls in the Canadian grocery industry.

    The Bureau is examining whether property controls imposed by grocery retailers are harming competition. Property controls may shield grocery stores from competition by preventing businesses from opening a retail food store or by limiting the products competitors can sell. As a result, consumers may be denied the benefits of competition, including: lower prices, better quality and more choice. 

    The call-out aims to gather information on the use of property controls in the grocery industry as a whole, and to inform the Bureau’s ongoing investigations into Sobeys and Loblaw. Areas of interest include:

    • any instances where property controls have prevented domestic or international grocers or food retailers from opening a store in Canada,
    • any instances where property controls have restricted the operations of a food retailer by, for example, limiting the sale of specific food products, and
    • the benefits and drawbacks of property controls for food retailers, landowners or landlords.

    The Bureau encourages market participants in the food retail and real estate sectors to confidentially share their experiences by emailing ControlesdePropriete-PropertyControls@cb-bc.gc.ca. For more information on how to submit information, please visit the Call-out for information about property controls in the Canadian grocery industry web page.

    The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.

    MIL OSI Canada News

  • MIL-OSI Banking: Transparency International calls on Green Climate Fund to strengthen the protection of whistleblowers

    Source: Transparency International

    In an open letter addressing the Board of the Green Climate Fund (GCF), Transparency International recommends key improvements to the fund’s policy on the protection of whistleblowers and witnesses. The call comes in light of the growing scale of climate action investments, which present heightened risks of corruption and require strong governance frameworks to safeguard against malpractice.

    The GCF manages over 250 projects across 129 countries, valued at US$13.9 billion, with an aim to handle US$50 billion by 2030. Transparency International emphasises the importance of effective whistleblower protections to ensure accountability and prevent misuse of funds. Whistleblowing has proven to be the most effective way to uncover corruption, fraud and other malpractices.

    The GCF adopted its policy on the protection of whistleblowers and witnesses in 2018, and in June 2024 the GCF’s Independent Evaluation Unit (IEU) published a thorough and insightful evaluation of the GCF’s approach to whistleblower and witness protection. The evaluation will be discussed during a GCF Board meeting this week.

    Transparency International is urging the GCF to revise the policy to align with international best practices, incorporating our and IEU recommendations. Key concerns include the lack of clarity regarding the types of wrongdoing that can be reported under the current policy and the overly stringent requirements for whistleblower protection. Additionally, low awareness and trust in the system among GCF personnel significantly undermine its effectiveness. The GCF should expand the scope of the policy to cover reports of any unlawful, abusive, or harmful actions or omission. The policy should strengthen protections for whistleblowers, including those reporting anonymously, to national authorities, or to civil society organisations and the media in certain cases. Addressing retaliation effectively, improving confidentiality, enhancing communication with whistleblowers, and increasing accessibility of reporting channels and awareness of the policy are also essential steps.

    Marie Terracol, Whistleblower Protection Lead at Transparency International, said:

    “To enhance the effectiveness of the GCF policy on the protection of whistleblowers and witnesses, it is crucial that civil society organisations and key stakeholders are actively involved in its revision through timely and comprehensive public consultations. Their participation will bring valuable experience and expertise to the process, fostering greater awareness, trust and support among all potential users.”

    MIL OSI Global Banks

  • MIL-OSI Russia: IMF Staff Reaches Staff Level Agreement with Armenia on the Fourth Review of the Stand-By Arrangement

    Source: IMF – News in Russian

    October 21, 2024

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

    • IMF staff and the Armenian authorities have reached a staff-level agreement on the fourth review under the 3-year Stand-By Arrangement (SBA), which the Armenian authorities treat as precautionary. The SBA aims to support the government’s policy and reform agenda to maintain macroeconomic stability and foster strong, sustainable growth.
    • Armenia’s economy continues to grow strongly, with GDP growth projected to reach 6 percent in 2024, driven by domestic demand, before slowing to 4.9 percent in 2025.
    • Policy priorities include enhancing economic resilience, further mobilizing tax revenues to support priority spending while maintaining fiscal sustainability, strengthening institutional frameworks, and continuing structural reforms to boost labor productivity, enhance trade diversification, and improve the overall business environment.

    Washington, DC: An International Monetary Fund (IMF) team, led by Iva Petrova, visited Yerevan from September 18 to October 1, 2024, and held further virtual discussions afterwards for the fourth review under the Stand-By Arrangement (SBA) with Armenia. At the conclusion of the discussions, Ms. Petrova issued the following statement:

    “I am pleased to announce that the IMF team and the Armenian authorities have reached a staff-level agreement on policies for the completion of the fourth review under the three-year SBA, which supports Armenia’s economic reform program. The agreement is subject to approval by the IMF’s Executive Board, scheduled to consider this review in mid-December. This approval would enable access of about US$24.5 million (SDR 18.4 million), bringing total access to about US$122.7 million (SDR 92 million) since the SBA’s inception.

    “Armenia’s economic activity remains robust, with real GDP growing by 6.5 percent in the first half of the year, driven by domestic demand. Employment growth has been steady, averaging 19 percent since the start of 2023, while inflation has remained low at 0.6 percent year-on-year in September. The current account deficit has widened as transitory factors subside, and tourism and remittances continue to normalize. Preliminary data indicate that prudent execution of the 2024 budget has resulted in a small overall fiscal deficit through September 2024. Central government debt remains moderate at 48.4 percent of GDP at end 2023. The banking system enjoys strong capital and liquidity buffers, along with high profitability.

    “The strong growth momentum of the past few years continues to gradually normalize, with GDP growth expected to reach 6 and 4.9 percent in 2024 and 2025, respectively, as domestic consumption and external demand decelerate. Inflation is expected to remain low in the short term and gradually converge to the CBA’s inflation target in the medium term. Significant risks to this outlook include geopolitical tensions and potential growth setbacks in trading partners, a reversal of capital inflows, and surges in global food and energy prices. On the upside, growth could exceed expectations if net exports perform better than anticipated and if structural reforms and refugee integration are implemented more swiftly.

    “The draft 2025 budget appropriately accommodates priority spending needs, including national security and refugee integration. With rising spending pressures, however, careful medium-term expenditure prioritization and the introduction of new tax policies will be necessary to support fiscal consolidation in line with the fiscal rules and maintaining debt at a moderate level. Implementing reforms to strengthen medium-term fiscal planning, enhance public financial management—including through robust fiscal risk management, transparency, and governance—and bolster the public investment management framework remains critical to support fiscal efforts.

    “Amid low inflationary pressures, the Central Bank of Armenia (CBA) has continued its gradual reduction of the policy rate to steer inflation towards its target. Future rate decisions should continue to be guided by the evolution of inflation and inflation expectations. The flexible exchange rate should remain a key shock absorber, and the authorities’ commitment to maintaining healthy international reserve buffers is welcome. Ongoing efforts to improve monetary, foreign exchange, and financial regulatory transparency are helping enhance CBA’s policy communication, and efforts should continue to strengthen the CBA’s prudential and supervisory frameworks. With its continuous financial risk monitoring, including the recent increase in the countercyclical capital buffer, the CBA remains vigilant in mitigating financial sector risks.

    “The government’s structural reform agenda appropriately focuses on fostering inclusive growth, including by boosting labor force participation among the youth, women, and vulnerable populations, encouraging diversification in the country’s export basket and markets, and improving the business environment. Achieving these objectives requires developing and implementing concrete, fully costed employment and export strategies, prioritizing governance reforms, upgrading the insolvency framework, and rationalizing investment incentives to support quality investments.

    “The IMF team thanks the Armenian authorities, private sector, development partners, and the diplomatic community for fruitful discussions and cooperation.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Alexander Muller

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/21/pr-24386-armenia-imf-staff-reaches-staff-level-agreement-on-the-4th-rev-of-stand-by-arrangement

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI NGOs: Why should India’s human rights record matter in its bid for a permanent seat on the UN Security Council?

    Source: Amnesty International –

    There has been much talk of late about the possibility of India joining the UN Security Council (UNSC) as a permanent member, while most of the current permanent members have expressed public support for expansion of the UNSC.

    India has been falling far short of its domestic and international human rights obligations, and its desire to expand its role in the UN presents an opportunity to assess its record of engagement as a member of other UN political bodies, including the UN Human Rights Council (UNHRC).

    It’s important to review India’s pattern of engagement with the human rights architecture as a whole, including with  the Office of the High Commissioner for Human Rights (OHCHR) and UN human rights treaty bodies.

    Such analysis, as presented below, indicates that India has not been a strong leader at the UNHRC, willing to take difficult and principled stands with consistent application of human rights values; nor has it engaged particularly constructively with Council mechanisms. There is much room for improvement on India’s engagement with the human rights system in relation to its own domestic human rights challenges.

    MIL OSI NGO

  • MIL-OSI Africa: Education and gender equality: focus on girls isn’t fair and isn’t enough – global study

    Source: The Conversation – Africa – By Kathryn Watt, Research Manager, The Asenze Project, University of KwaZulu-Natal

    For the past two decades, investing in girls’ schooling has been hailed as a cornerstone of promoting gender equality in sub-Saharan Africa. Between 2016 and 2018 the World Bank Group invested US$3.2 billion in education projects benefiting adolescent girls.

    The logic is straightforward. Girls face significant barriers to education, among them poverty, insufficient academic support, adolescent pregnancy, child marriage, and school related gender-based violence. Reducing these barriers can substantially improve their educational outcomes.

    But is this approach – investing in girls’ education – fair to boys, and enough to make a meaningful impact on girls’ lives in the long term? Having studied the relationship between interventions and the way people’s lives develop in adverse contexts, we argue that the answer is no on both counts.

    We explain this view in a recent paper. In it we compare the different effects of directing development assistance: improving girls’ school enrolment, prioritising schooling for both girls and boys, and addressing barriers to gender equality throughout life.

    We used publicly available data for 136 low- and middle-income countries, including those in sub-Saharan Africa. We calculated the female-to-male ratio for important education indicators in each country to show where girls are ahead, on par or behind boys.

    Our findings suggest that the current focus on girls’ schooling may both unintentionally disadvantage boys and be a relatively inefficient means of advancing gender equality.

    Girls’ and boys’ education in sub-Saharan Africa

    We focused on two indicators to assess the current state of girls’ and boys’ education in the region:

    Harmonised learning outcomes measure learning and progress based on the results from seven different types of tests combined and made comparable among children attending school. They reflect the environmental inputs into learning and achievement, such as school quality. Completing secondary school, meanwhile, has been shown to increase a person’s potential for future development, opportunities for employment and higher education.

    In most countries in sub-Saharan Africa, girls are behind boys on secondary school completion. The average completion rate for boys is 30%. For girls it is just 24%. In southern Africa specifically, girls have higher completion rates than boys. Figure 1 shows where girls are ahead or behind on this indicator.

    Figure 1: Secondary school completion. Author provided (no reuse)

    In sub-Saharan Africa, the average harmonised learning outcomes score for boys is 301; it is 303 for girls. Our results show that, for most countries in the region, girls are achieving roughly equal scores to their male peers.

    Figure 2: Harmonised learning outcomes. Author provided (no reuse)

    This suggests that gender gaps in education are not as pronounced as is often portrayed.

    Firstly, although school completion rates are higher for boys, this gap is small, and overall completion rates remain low for both genders.

    Secondly, where boys are averaging higher levels of completed schooling, it is not due to better academic performance. Once enrolled, girls in the region tend to keep up with boys in school completion and academic performance.

    Rather than asking who is ahead, it’s more important to note that neither boys nor girls are doing well. Our results show that educational outcomes in sub-Saharan Africa – including school performance and completion – are alarmingly poor for both girls and boys.

    So, if all children in the region are clearly in need of support, why target education interventions at girls alone?

    Large disparities in later life

    The key to gender equality lies in ensuring girls and boys, and men and women, have the same opportunities to reach their potential from early life, through late childhood and adolescence, into adulthood.

    Research emphasises that human development does not hinge on any single factor such as schooling. Rather, it depends on capabilities built throughout life.

    In early childhood, proper nutrition, among other things, is crucial for developing a child’s basic physical and cognitive capabilities. These early investments protect the potential for human development.

    During childhood and adolescence, factors like quality schooling and social support allow young people to realise that potential.

    Finally, in adulthood, social norms and job opportunities determine how fully a person can use their realised potential.

    Our findings suggest that, on average, in low- and middle-income countries the development potential of girls and young women is protected and realised better than it is for boys and young men. But later in life, women don’t have as many opportunities as men to use that potential.

    This implies that initiatives focused on girls’ schooling are likely not the most effective means of promoting girls’ development or reducing gender gaps.

    Large disparities emerge later in girls’ lives. For example, our findings show that women earn less than men in almost every country in sub-Saharan Africa. These results reflect how patriarchal norms, particularly the unequal burden of housework and childcare, tend to push women into lower-paid informal or part-time work. Even when similarly qualified and in comparable positions, women typically earn less than men.

    Figure 3: Adult earnings. Author provided (no reuse)

    These findings, when considered in the context of the current state of education in the region, challenge the idea that focusing solely on girls’ education is enough to promote their lifelong development or meaningfully reduce gender inequalities.

    The argument that boys should not receive the same support as girls is weak.

    How to promote greater gender equality in sub-Saharan Africa

    Targeted interventions are likely to have the greatest impact where girls and women face the greatest barriers: in using their potential. That means, for example:

    Social protection policies, including childcare and reproductive health services, can ease women’s caregiving burden and give them the time and agency to fully participate in politics, the economy and society.

    There are also opportunities beyond government, where support for trade unions, for instance, has been shown to help narrow gender wage gaps.

    Addressing gender inequality requires a life-course approach. It should involve quality education for both genders, and tackling the policies, practices and social norms that marginalise women and girls, especially in the later stages of their lives.

    Sara Naicker, Jere Behrman and Linda Richter contributed to the research this article is based on. Dhyan Saravanja contributed to this article.

    – Education and gender equality: focus on girls isn’t fair and isn’t enough – global study
    https://theconversation.com/education-and-gender-equality-focus-on-girls-isnt-fair-and-isnt-enough-global-study-240239

    MIL OSI Africa

  • MIL-OSI United Kingdom: British Ambassador to Iraq: Irfan Siddiq

    Source: United Kingdom – Executive Government & Departments

    Mr Irfan Siddiq OBE has been appointed His Majesty’s Ambassador to the Republic of Iraq in succession to Mr Stephen Hitchen.

    Mr Irfan Siddiq OBE has been appointed His Majesty’s Ambassador to the Republic of Iraq in succession to Mr Stephen Hitchen who will be transferring to another Diplomatic Service appointment.  

    Mr Siddiq will take up his appointment during March 2025.

    CURRICULUM VITAE      

    Full name: Irfan Siddiq     

         
    2022 to present Nicosia, British High Commissioner  
    2021 to 2022 Full time Greek language training  
    2021 FCDO, Director, East and Central Africa  
    2018 to 2021 Khartoum, HM Ambassador  
    2017 to 2018 Plan International (External Secondment), Global Advocacy Director  
    2016 to 2017 FCO, Head, Secondments Unit  
    2013 to 2016 Baku, HM Ambassador  
    2011 to 2013 FCO, Head, Arab Partnership Department  
    2010 to 2011 Baghdad, Deputy Head of Mission  
    2007 to 2010 Damascus, Deputy Head of Mission  
    2005 to 2007 FCO, Private Secretary to the Foreign Secretary  
    2004 to 2005 Washington, Iraq Political Officer, US State Department  
    2003 to 2004 Baghdad, Political Officer, Coalition Provisional Authority  
    2002 to 2003 Cairo, Second Secretary (Political / Press)  
    2000 to 2002 Full Time Arabic Language Training  
    1999 to 2000 New Delhi, Economic and Commercial Officer  
    1998 to 1999 FCO, Security Policy Department  
    1998 Joined FCO  

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 21 October 2024

    MIL OSI United Kingdom

  • MIL-OSI USA: Sen. Donzella James Honored with Pan-African American Leadership Award from African Women in Leadership Organization

    Source: US State of Georgia

    ATLANTA (October 21, 2024) On Saturday, October 19,Sen. Donzella James (D–Atlanta) was honored with the prestigious Lifetime Achievement Recognition Award at the Pan-African American Leadership Awards ceremony. The ceremony, held in Atlanta, recognized the Senator for her decades of service to the people of Georgia.

    The Pan-African American Leadership Awards (PAALA) is an esteemed event that recognizes exceptional leaders of African descent and their contributions to the growth of African American communities in the United States and the continent of Africa. The event is part of an initiative by the African Women in Leadership Organisation (AWLO) to preserve Pan-African ideals and set the tone for sustaining Afri-capitalism, sustained democracy and the global competitiveness of the African continent.

    Sen. James expressed gratitude for the award, saying, “It is an incredible honor to receive PAALA’s Lifetime Achievement Award. This recognition is a brilliant testament to all we have accomplished in the 35th Senate District since I began serving the area in 1995. It is exciting to support Georgia’s thriving African-American community by celebrating and promoting meaningful events such as International Diaspora Day and Rosa Parks Day. These events are deeply humbling and profoundly inspirational, laying the foundation for the success that we, as a district, have come to be recognized for.”

    More information on the AWLO is available here.

    # # # #

    Sen. Donzella James serves as the Chair of the Senate Committee on Urban Affairs. She represents the 35th Senate District, which includes portions of Douglas and Fulton counties. She may be reached by phone at 404.463.1379 or by email at donzella.james@senate.ga.gov

    For all media inquiries, please reach out to SenatePressInquiries@senate.ga.gov.

    MIL OSI USA News

  • MIL-OSI Africa: Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble because of government overspending

    Source: The Conversation – Africa – By Jonathan Munemo, Professor of Economics, Salisbury University

    The Reserve Bank of Zimbabwe devalued the ZiG by 43% on 27 September 2024. This weakened the official exchange rate from 13.9 ZiG per US dollar to 24.4 ZiG per US dollar.

    The ZiG (Zimbabwe Gold) is the nation’s newest currency and was launched in April 2024.

    The unexpected devaluation was prompted by the need to contain resurgent exchange rate pressure which started back in August due to higher food import costs and a slide in mineral export sales. The central bank decided to ease this pressure by lowering the value of the currency instead of burning reserves to keep its value steady at 13.9 ZiG per dollar.

    The strain on the ZiG has intensified in the aftermath of the devaluation. It has weakened even further to more than 26 ZiG per dollar as of 18 October. This has raised speculation that it will continue to weaken.

    This would have a number of negative consequences. It would keep upward pressure on import prices, hurting households and businesses. If this happened, Zimbabwean households already hit by falling paycheques and savings might cut back further on spending.

    The strain on the currency also risks reigniting inflation. The risk comes after monthly inflation ticked up to 1.4% in August and then climbed to 5.8% in September. Resurgent inflation would also increase costs for businesses and threaten to stifle investment. That was on display in 2000-08 and 2019-20 when price instability dampened economic activity and created a costly business environment which discouraged investment.

    A further risk factor from currency instability is that it would deter foreign investors worried about the ZiG as a reliable store of value. The prospect of declining business investment, loss of confidence in the ZiG, and anaemic consumption would in turn be a major drag on economic activity. Economic growth in 2024 is expected to slow down to 2% from 5% last year. El Niño-induced drought, lower mining prices, and macroeconomic instability are among the key reasons.

    This is the sixth time Zimbabwe’s authorities have attempted to establish a stable national currency in the past 15 years. The history of failed attempts has cast a long shadow on the ZiG. The recent devaluation has not eased concerns about Zimbabwe’s struggles to develop and maintain a domestic currency that can be widely used for transactions and as a store of value on a voluntary basis.

    I have long thought the devaluation was inevitable. Authorities must confront the fundamental causes, which are rooted in a loss of faith in the ability of government to manage spending. In particular, its habit of printing money, overspending on its budgets and failing to expand the economy.

    Interventions

    The ZiG is part of a multicurrency system which allows individuals to use other major currencies including the US dollar, euro, South African rand and pound sterling.

    To increase the ZiG’s uptake, authorities imposed a number of measures. The new unit has to be used for paying a portion of company taxes and most government services. Fines are issued to traders unwilling to accept ZiG payments.

    Measures like these are not sufficient because they do not consider the real problems hindering success of the Zimbabwe dollar.

    The central bank also announced that it aims to slow the ZiG’s decline by imposing currency controls and raising the benchmark policy rate (the rate used to implement its monetary policy) from 20% to 35%. The jump in the cost of borrowing triggered by these measures will further weigh on business investment and consumer spending.

    Gains to Zimbabwean exporters from a cheaper ZiG are unlikely to be substantial because of an El Niño-induced drought which has devastated crops in southern Africa. And dollar earnings for Zimbabwe’s mineral exports have been hurt by lower commodity prices. The agriculture and food sector contributes about 17% to GDP and 40% of total export earnings on average, while mining accounts for about 12% of GDP and 80% of total exports.

    My worry is that a cheaper ZiG may not juice exports and reduce the trade shortfall of US$1,453 million recorded last year, given the hit to commodity prices and adverse impact of drought on agricultural production. A bigger trade deficit will keep downward pressure on the currency. The weaker ZiG could however boost inbound tourism.

    To retain a stable domestic currency, authorities will have to address deeper structural causes rooted in the country’s long history of printing money to pay for government overspending amid slow economic expansion. That means:

    • slashing the budget while giving greater spending priority to health, education, public infrastructure and other critical investments.

    • government weaning itself off dependence on printing money to finance fiscal deficits

    • supporting credible policies for more sustainable and private-sector led growth and policies for capturing more revenue from growth.

    Precedents

    This is not the first time that the Zimbabwe dollar has been unstable and weak. In the 2000s, printing money to finance government deficit spending produced periods of high inflation amid slow growth, making the currency weak and unstable.

    The currency eventually collapsed in 2009 due to hyperinflation and the US dollar became the official currency.

    Another local currency (the RTGS dollar) was later introduced in 2019. With the power to print more money restored, inflation rapidly accelerated and surpassed 500% in 2020. This made the new Zimbabwe dollar highly unstable and its value quickly deteriorated.

    As a result, the US dollar continued to be the dominant currency used in transactions and as a store of value. Inflation remained elevated until April 2024, when the ZiG was launched as the new national currency. Its value is backed by gold and foreign currency reserves.

    At first the move seemed to have tamed inflation. But widespread voluntary use of the ZiG failed to materialise. That’s because people are still wary of the government’s power to print money, which had been the key driver of inflation and currency instability.

    What policy makers can do

    Authorities must tackle the root causes of the nation’s currency struggles once and for all. Steps that can be taken to resolve longstanding structural factors include:

    • Re-prioritising public spending by undertaking deep fiscal reforms that will divert more resources towards spending on health, education, public infrastructure and other critical investments needed to boost growth. These reforms should also aim to capture more revenue from growth, for example, through tax reforms.

    • Implementing reforms to address corruption and improve governance is essential for imposing the discipline necessary to push back against covering fiscal deficits by printing money and for restoring faith in government institutions.

    • Pursuing credible policies for more sustainable and private-sector led growth. Strong growth expands tax revenues and gives the government more policy space to spend on essential services and critical investment needs.

    Devaluation and other measures that have been imposed to support the ZiG are not the solution.

    – Zimbabwe’s ZiG: devaluations won’t fix a currency that’s in trouble because of government overspending
    https://theconversation.com/zimbabwes-zig-devaluations-wont-fix-a-currency-thats-in-trouble-because-of-government-overspending-241686

    MIL OSI Africa

  • MIL-OSI USA: First Lady Cathy Justice places 39th Friends With Paws therapy dog in Barbour County

    Source: US State of West Virginia

    CategoriesEnglish, MIL OSI, US State Governments, US State of West Virginia

    BELINGTON, WV — First Lady Cathy Justice visited Belington Middle School today for an assembly to celebrate the arrival of the state’s newest therapy dog through the Friends With Paws program. The dog introduced at today’s event is a female Golden Retriever, named Gia.

    “We are so excited to welcome Gia to Belington Elementary and Middle School,” said First Lady Cathy Justice. “As the 39th therapy dog through the Friends With Paws program, she will bring so much love and comfort to our students, helping them feel safe, supported, and ready to learn. Gia will be a wonderful addition to the school family, and we look forward to seeing all the positive impacts she’ll bring to the lives of students and staff.”

    Several Barbour County school officials were in attendance to help celebrate Gia’s arrival.

    “We are incredibly grateful to First Lady Cathy Justice for gifting us with Gia, our new therapy dog,” said Eddie Vincent, Superintendent of Barbour County Schools. “Gia will be a wonderful addition to our school community, providing comfort, support, and a sense of joy to our students and staff. This generous gift underscores the importance of nurturing not only the minds but also the hearts of our students, and we are excited to see the positive impact Gia will have on everyone she meets.”

    The Friends With Paws program places certified therapy dogs in several schools across the state, providing companionship and comfort for students in need of a boost. As of today, a total of 39 Friends With Paws therapy dogs, including Gia, have been placed throughout the state.

    Therapy dogs are specially trained to provide comfort and support to people in various tense environments. They can help people feel at ease, improve their mood, relieve anxiety, and remove social barriers. Friends With Paws therapy dogs are highly trained and certified to show their ability to work in stressful environments, ignore distractions, and provide therapy to people with diverse backgrounds and circumstances.

    Barbour County Communities In Schools County Contact, Chris Derico, has worked for weeks with the Office of First Lady Justice, ensuring that the school students and staff are prepared for Gia’s arrival, “We are thrilled to welcome our new therapy dog to the Communities In Schools program at Belington Elementary and Middle Schools. This addition will provide invaluable emotional support to our students, creating a more nurturing and calming environment. The presence of Gia will help us build stronger connections with students, reduce stress, and promote positive mental health, making a lasting impact on their educational journey and overall well-being.”

    Following today’s assembly, students and staff had the chance to greet Gia.

    “We are thrilled to have Gia join the Belington Elementary family,” said Principal of Belington Elementary, Cindy Sigley. “Gia will not only brighten our hallways but also help foster an environment where kids will want to come. We can’t wait for Gia to stroll the halls of Belington Elementary School.”

    “We are excited to welcome our new therapy dog to Belington Middle School,” said Ben Shew, Principal of Belington Middle School. “This addition of Gia to our school will enhance both the mental health and academic success of our students.”

    The Friends With Paws program is a partnership between the Governor’s Office, West Virginia Communities In Schools (CIS) Nonprofit, and the West Virginia Department of Education. Therapy dogs are placed in schools within CIS counties where students are disproportionately affected by poverty, substance misuse, or other at-risk situations, and are in the greatest need of a support animal. The dogs serve as a healthy and friendly outlet for these students to address trauma and other social-emotional issues.
     

    More information about Friends With Paws can be found in Communities In Schools: Friends With Paws, a documentary produced by West Virginia Public Broadcasting. Click HERE to view the documentary.
     
    A 2019 study published by the National Institute of Health found that a dog’s presence in the classroom promotes a positive mood and provides significant anti-stress effects on the body.

    In addition, research shows that the simple act of petting animals releases an automatic relaxation response. Therapy animals’ lower anxiety and help people relax, provide comfort, reduce loneliness, and increase mental stimulation. They are also shown to lower blood pressure and improve cardiovascular health, reduce the number of medications some people need, help control breathing in those with anxiety, and diminish overall physical pain, among other profound benefits.

    MIL OSI USA News

  • MIL-OSI Russia: IMF Executive Board Concludes the Review of Charges and the Surcharge Policy, and Approves Reforms

    Source: IMF – News in Russian

    October 21, 2024

    • The IMF Executive Board reached consensus on reforms of charges, surcharges, and commitment fees that will substantially reduce the cost of borrowing from the General Resources Account (GRA) at a time of high global interest rates, while safeguarding the IMF’s financial capacity to support its members in need.
    • The reform package is expected to lower IMF borrowing costs for members by about US$1.2 billion annually and reduce payments on the margin of charges and surcharges on average by 36 percent. The number of surcharge payers is expected to decline from 20 to 13 countries (in FY2026).
    • The IMF will reduce the margin paid over the SDR interest rate and the time-based surcharge rate, and increase the borrowing thresholds above which level-based surcharges and commitment fees apply. These changes will take effect on November 1, 2024.

    Washington, DCOctober 21, 2024: The Executive Board of the International Monetary Fund (IMF) on October 11, 2024 concluded the Review of Charges and the Surcharge Policy, which for the first time jointly covered charges, surcharges, and commitment fees. The review is part of a continuous effort to ensure the IMF’s lending policies remain fit for purpose and the IMF is able to support its members in a challenging global environment.

    The Executive Board reached consensus on a comprehensive package of measures to meaningfully reduce the cost of borrowing for members, preserve incentive mechanisms for prudent and temporary borrowing, and safeguard the strength of the IMF’s balance sheet.

    The reform package is expected to lower borrowing costs by about US$1.2 billion (SDR 880 million) annually. It will reduce payments on the margin of the rate of charge as well as surcharges on average by 36 percent. The number of surcharge payers is expected to decline from 20 to 13 countries (in FY2026).

    Charges and surcharges are important elements of the IMF’s cooperative lending and risk management framework. They provide incentives for prudent and temporary borrowing that help underpin the revolving nature of IMF resources and allow for the accumulation of reserves to mitigate financial risks. This supports the IMF’s financial foundation, enabling it to play its role as a lender at the center of the global financial safety net.

    The Executive Board approved the following changes:

    • Lowering the margin paid over the SDR interest rate by 40 percent, to 60 basis points from 100 basis points;
    • Increasing the borrowing threshold above which surcharges apply by 60 percent, to 300 percent of quota from 187.5 percent of quota;
    • Aligning the thresholds above which commitment fees apply to the overall annual and cumulative access limits under the GRA (200 and 600 percent of quota, respectively); and
    • Reducing the time-based surcharge rate by 25 percent, to 75 basis points from 100 basis points.

    These changes will become effective on November 1, 2024.

    The Board also approved the following: (i) setting a regular review cycle for the surcharge policy to allow for timely assessments and updates to the surcharge policy framework, every five years or earlier if warranted; (ii) strengthening disclosures and operational procedures to ensure that the authorities have adequate information on the cost of Fund borrowing earlier in negotiations of GRA financing; and (iii) allocating net income after distributions to the Special Reserve until it reaches the Precautionary Balances (PB) floor of SDR 20 billion. The formal decision to place net income after distributions to the Special Reserve is to be taken by the Board at the annual reviews of the Fund’s income position starting at end-FY2025.

    Executive Board Assessment[1]

    Executive Directors welcomed the Review of Charges and the Surcharge Policy. They considered that charges and the surcharge policy are integral parts of the Fund’s multilayered risk management framework, providing price-based incentives for prudent and temporary borrowing, helping to accumulate reserves to protect the Fund’s balance sheet against financial risks, and thus preserving the Fund’s cooperative lending model at the center of the global financial safety net. They noted that the review is an important part of a broader ongoing effort to ensure that the Fund’s lending policies continue to meet the needs of the membership in the current complex global context and agreed that the proposed reforms will meaningfully contribute to these efforts. 

    Directors noted that borrowing costs for members have increased considerably. The sharp rise in global interest rates in recent years pushed up the floating SDR interest rate and, as a result, the basic rate of charge. Meanwhile, Fund lending income increased notably, driven by an expansion of credit to near historical peaks, and the Fund reached its medium-term target for Precautionary Balances of SDR 25 billion in late FY2024, buttressing the strength of its balance sheet. 

    Directors agreed that policy changes should be guided by four principles: (i) meaningfully lowering the cost of borrowing for members; (ii) sustaining effective incentive mechanisms; (iii) preserving adequate income generation capacity; and (iv) maintaining policy simplicity. They broadly agreed that the proposed reforms were consistent with these four guiding principles. 

    Directors broadly supported the reform package outlined in the staff report. They noted that the package balances the interests of creditors and debtors by meaningfully reducing borrowing costs while preserving the price-based incentive mechanism and income generation capacity. They welcomed the expected 36 percent average reduction in borrowers’ costs on account of the lowering of the margin for the basic rate of charge and surcharges, which would help create additional policy space and improve their capacity to repay the Fund. At the same time, they noted that the income outlook after implementation of the proposed measures remained robust, providing for a continued capacity to accumulate reserves, even after possible income distributions to members and under adverse lending and/or investment income scenarios.  

    Directors broadly supported the proposal to reduce the margin for the basic rate of charge from 100 basis points to 60 basis points under Rule I 6(4). A number of Directors expressed their preference for a larger reduction in the margin to further lower the cost for GRA borrowers while being consistent with the relevant rules. A few others would have favored a smaller reduction to safeguard the Fund’s strong financial position, which underpins its capacity to support member countries. 

    On surcharges, Directors agreed with the proposed approach of making parametric adjustments to the current policy framework, although a few would have preferred more fundamental changes to the surcharge architecture. Directors concurred with the proposal to increase the level-based surcharge threshold from 187.5 percent of quota to 300 percent of quota. 

    Directors supported the proposal to reduce the time-based surcharge rate from 100 basis points to 75 basis points. Some Directors, however, saw scope for further reductions in the time-based rate, including in future reviews, while a few others would have preferred to maintain the current rate. 

    Directors welcomed the proposal to align the commitment fee thresholds to the overall annual and cumulative access limits under the GRA (200 and 600 percent of quota, respectively). They noted that these alignments would broadly offset the erosion in recent years and simplify the overall GRA lending policy framework.  

    Directors welcomed the proposal to conduct reviews of the surcharge policy on a regular five-year cycle going forward, which would allow for more timely assessments and updates to the surcharge policy framework and help enhance predictability for members and markets. They noted that reviews could be conducted earlier than every five years if warranted, for instance, by unexpected developments in the Fund’s income and reserves outlook. Some Directors would have preferred to agree now for the next review to take place in three years, followed by reviews on a five-year cycle. 

    Directors welcomed the proposed strengthening of procedures to ensure an earlier and more comprehensive disclosure of charges and surcharges in the negotiation of financial arrangements, to better inform country authorities’ borrowing decisions.    

    Directors stressed the importance of a strong balance sheet to support the IMF’s lending to members with financing needs. To further strengthen the backstop provided by Precautionary Balances for the absorption of possible losses, they agreed with the staff proposal, going forward, to align the level of resources placed in the Special Reserve of the General Resource Account (net of pension adjustments and the endowment) with the SDR 20 billion floor of the Precautionary Balances. Directors noted that this could be achieved by allocating net income after any distributions in future financial years exclusively to the Special Reserve until it reaches the level of the Precautionary Balances floor. Decisions to this effect would be taken by the Board at the annual reviews of the Fund’s income position starting at end FY2025. 

    Directors underscored the need to carefully communicate to a wide range of stakeholders the purpose of the policies, the reform measures, and their impact on member countries and the IMF.

    Additional links:

    FAQs on the Review of Charges and the Surcharge Policy

    Factsheet on IMF Lending

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

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Camila Perez

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/21/pr-24385-imf-concludes-the-review-of-charges-and-surcharge-policy-and-approves-reforms

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI NGOs: Northern Ireland: Government’s appeal of Troubles Act judgement a ‘betrayal’

    Source: Amnesty International –

    Amnesty has today said the UK Government is betraying its own legacy commitments and failing victims by diluting its election promise to repeal and replace the widely opposed Troubles legacy Act. Amnesty made the comments today at a press conference in Belfast, held along with victims following the Government’s decision to seek to appeal a court of appeal judgment which found core parts of the Troubles Act including the Independent Commission for Reconciliation and Information Recovery (ICRIR) to be unlawful.

    Grainne Teggart, Amnesty UK Deputy Director in Northern Ireland said:

    “The UK Government’s decision to appeal, is a betrayal of their own legacy commitments and fails victims. It is a staggering dilution of their pre-election position.

    “The Government’s decision raises serious questions about their commitment to their own promise to repeal and replace the Troubles Act.

    “The Government needs to own this change of direction. The categorical pledge by the Labour party prior to the election was to repeal and replace the Troubles Act. That pledge has been increasingly qualified over recent months, and we now see them propping up the legacy body established by the last Government.

    “The Government should change course again, immediately, and fulfil their manifesto promise to repeal the Troubles Act. This should be done in full, as well as abandoning any attempt to prop up the ICRIR, which was condemned by the court ruling and by victims groups alike.

    “Stormont House Agreement remains the foundation on which to build.”

    On Friday 20 September, the Court of Appeal in Belfast ruled that the Independent Commission for Reconciliation and Information (ICRIR) was not human rights compliant in respect of effective victim participation and that the Troubles Legacy Act gives the UK Government too much veto power over the disclosure of material.

    Martina Dillon, whose husband, Seamus, was shot and killed outside the Glengannon Hotel in Dungannon on 27 December 1997 said:

    “Repeal and replace the universally-opposed Troubles Act as well as the investigations body which is a hangover from the last Government’s flawed plan. That’s what we were promised and that’s what we are now demanding.

    “The Secretary of State should categorically not be seeking to prop up a body he should clearly see there are problems with. Anything short of the return of my inquest is unacceptable. Others who need inquests should have access to them too. Victims have waited long enough for justice for our husbands, brothers, sisters, and children. Enough is enough, we won’t be fobbed off again.”

    MIL OSI NGO

  • MIL-OSI United Kingdom: Camera enforcement to be introduced at two schools streets

    Source: City of Leicester

    PLANS to improve road safety and air quality on two streets close to local schools using new enforcement powers have been given the go-ahead by the city council.

    Last year, Leicester City Council was awarded designated authority status by the Department for Transport. This gives the council permission to use camera enforcement to deal with so-called moving traffic offences.

    Now the city council plans to use camera enforcement to penalise drivers who flout restrictions on Northfold Road and Eastcourt Road which border Overdale infant and junior schools, in Knighton.

    Restrictions on the two school streets have been in place since an initial trial in February 2022 and prohibit access to motor vehicles during school run times – 8-9am and 2.30-4pm Monday to Friday – except for permit holders.

    The measures were introduced at the request of local residents and the wider school community in an effort to improve air quality, road safety and traffic congestion at the beginning and end of the school day.

    Despite being clearly signed, and legally backed by traffic regulation order, motorists have continued to contravene the restrictions on a regular basis.

    The decision to use camera enforcement follows a consultation with local residents, parents at the Overdale schools and other members of the public.

    Cameras are due to be installed and brought into operation in the coming weeks. Residents on the two affected streets affected, and eligible parents at the schools, will be contacted in advance to apply for exemption.

    For an initial period of six months, first offences will result in drivers being issued with a warning notice.

    Subsequent contraventions will result in drivers being issued with a penalty charge notice.

    This will be charged at £70, or at discounted rate of £35 if paid within 21 days.

    Cllr Geoff Whittle, assistant city mayor for transport and environment said: “Camera enforcement can be a very effective way of deterring motorists from committing traffic offences that are dangerous or obstructive for other road users.

    “That’s why we’re introducing these measures to help enforce restrictions on two school streets close to Overdale infant and junior schools.

    “The restrictions here were originally introduced following feedback from local residents and families at the schools and it’s important that we do whatever we can to discourage people from ignoring them.”

    Under the Traffic Management Act 2004, councils can apply to the Government to take on the responsibility for traffic offences, by applying for a designated authority status. This gives councils powers to enforce areas such as box junctions, one-way streets, no-entry signs or other prohibited traffic movements, along with bus lanes, cycles lanes and pedestrian zones for example.

    MIL OSI United Kingdom

  • MIL-OSI: Live Oak Ventures Participates in Financing of Synply, Inc.

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, N.C., Oct. 21, 2024 (GLOBE NEWSWIRE) — Live Oak Ventures, the investment arm of Live Oak Bancshares, Inc., has announced an investment in Synply Inc., a cloud-based technology company dedicated to transforming the loan syndication process for banks.

    “Live Oak’s entrepreneurial environment is fertile ground for new and exciting companies like Synply to enter the fintech landscape,” said Stephanie Mann, Live Oak Bank Chief Strategy Officer. “After incubating the Synply platform at Live Oak, we are excited to see the company level the playing field for all banks to compete in the syndicated loan space.”

    Synply offers banks a simplified tool to centralize the entire process of syndicated lending and portfolio management.

    “We built Synply because we saw a critical need for a modern and intuitive platform specifically designed for the loan syndication process,” said Corbin Penland, CEO of Synply and former managing director of loan syndications at Live Oak Bank. “Our team of experienced bankers understands the pain points associated with current tools and workflows. Synply empowers banks to focus on building relationships and growing their business, not managing cumbersome processes.”

    The Synply platform offers end-to-end efficiency by allowing all banks participating in a loan to manage the entire loan syndication process, from origination to servicing, all within one platform.

    About Live Oak Ventures
    Live Oak Ventures, a wholly owned subsidiary of Live Oak Bancshares (NYSE: LOB), is a fintech-focused investor that aims to bring innovation and performance excellence to the forefront of the banking industry. By investing in companies that accelerate the delivery of open digital solutions to the market, Live Oak Ventures intends to change the landscape of financial services and small business banking.

    About Synply
    Synply is a cloud-based technology company dedicated to transforming the loan syndication process for banks. Developed by experienced bankers and incubated within Live Oak Bank, a leading industry player, Synply offers a comprehensive and user-friendly platform that empowers banks to easily navigate the complexities of loan syndication.

    Contact:
    Claire Parker
    Live Oak Bank, SVP Corporate Communications
    910.597.1592
    claire.parker@liveoak.bank

    The MIL Network

  • MIL-OSI: Real Matters to Announce Fourth Quarter and Fiscal 2024 Financial Results on November 21, 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) — Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will announce its fourth quarter and fiscal 2024 financial results via news release on Thursday, November 21, 2024, before market open.

    Conference Call and Webcast         
    A conference call to review the results will take place at 10:00 a.m. (ET) on Thursday, November 21, 2024, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Rodrigo Pinto. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.

    To access the call:

    • Participant Local (Toronto): (416) 764-8624
    • Participant Toll Free Dial-In Number: (888) 259-6580
    • Conference ID: 77493257

    To listen to the live webcast of the call:

    The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call.

    About Real Matters
    Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit http://www.realmatters.com.

    For more information:
    Lyne Beauregard
    Vice President, Investor Relations and Corporate Communications
    Real Matters
    lbeauregard@realmatters.com
    416.994.5930

    The MIL Network

  • MIL-OSI: StepBet Partners with Bestselling Author Alison Espach for First-Ever BookWalk

    Source: GlobeNewswire (MIL-OSI)

    The event is designed to encourage participants to meet their personal wellness goals while connecting with other readers of the New York Times bestselling novel, The Wedding People.

    BOSTON, Oct. 21, 2024 (GLOBE NEWSWIRE) — StepBet, a gamified fitness app that motivates users to achieve their wellness goals through personalized walking challenges, announced a partnership with New York Times bestselling author Alison Espach. Together, they are launching StepBet’s first BookWalk, a five-week walking book club, featuring Espach’s latest bestseller, The Wedding People, starting on October 28th.

    The BookWalk will allow participants to join a StepBet game specifically designed around The Wedding People, in which users will engage in a community-driven walking challenge and participate in book discussions within the StepBet app. This initiative brings together fitness enthusiasts and book lovers, motivating them to stay active while engaging with literature.

    As more individuals lean into the physical and mental health benefits of walking, they are turning to apps like StepBet to track movement and motivate them to walk on a daily basis. StepBet’s BookWalk offers people new ways to achieve their walking goals, have fun, and connect with like minded individuals with a shared appreciation for reading.

    “This partnership with New York Times bestselling author Alison Espach for StepBet’s first-ever BookWalk blends our users’ love of walking with the joy of reading,” said Karetha Strand, CEO of Appex Group Inc, StepBet’s parent company. “It’s an important part of our commitment to continue enhancing the StepBet community experience.”

    Alison Espach, the author of The Wedding People, added, “The idea of combining movement with reading feels like the perfect way to connect with my readers. The Wedding People is a story about connection, and I can’t wait to see how our readers come together while on this walk.”

    StepBet integrates with popular fitness trackers like Apple Health and Fitbit to allow users to easily participate. The Wedding People has also been featured on the Today Show’s “Read with Jenna” list.

    About StepBet
    StepBet is a gamified fitness app that helps players achieve their fitness goals. Through personalized goals and group competitions, StepBet fosters a motivating and social environment for users to achieve their wellness objectives. Easy integration with popular trackers like Apple Health and Fitbit facilitates participation, making StepBet ideal for individuals seeking a new approach to fitness.

    Media Contact:
    Kerri Walsh
    Appex Group Inc
    kerri@joinappex.com

    The MIL Network

  • MIL-OSI United Kingdom: Cutting-edge ‘immersive classroom’ unveiled at Ryhope Junior School

    Source: City of Sunderland

    A brand-new immersive classroom incorporating virtual reality (VR) and tools for interactive learning, has been opened at Ryhope Junior School thanks to £50,000 investment from Together for Children (TfC).

    The new classroom uses technology such as virtual and augmented reality (AR), including visuals, wind effects and scents to bring learning to life, allowing pupils to explore ancient civilizations, tour local landmarks, or conduct experiments in a simulated science lab.

    The classroom has already been used to teach pupils about local history, and during a lesson about the coal mining heritage of Ryhope students got to experience what it was like to work in the mines through an AR simulation.

    It can be used just for fun as well as lessons; students can play games and even take a virtual zipwire tour over London.

    Now, TfC hopes to use this first immersive classroom as a pioneer to showcase the possibilities to other schools in the city.

    Teachers at Ryhope Junior School hope that the new classroom will help to boost pupil engagement and make lessons more dynamic, enjoyable, and interactive.

    The school’s headteacher Fiona Lynn said: “This immersive classroom will open up a world of possibilities for our children. It provides a unique opportunity to make learning more interactive and engaging, particularly for those students who thrive in hands-on environments.

    “The technology will also allow us to tailor the experience to each student, making learning not only more effective but also more enjoyable. It’s also about fostering collaboration and creativity among students. With interactive smart boards and collaborative digital platforms, pupils can work together on projects in real-time, even when they’re in different locations.”

    Councillor Michael Butler, Sunderland City Council’s Cabinet Member for Children’s Services, Child Poverty and Skills, said: “We’re delighted to see the pioneering immersive classroom up and running at Ryhope Junior School. It has so many uses for interactive learning, and will support children with anxiety or additional needs as they can take interactive trips and build confidence. The classroom is a tool which we hope will benefit all pupils and be built into the curriculum to help them thrive at school.”

    Ryhope Junior School’s Computing Lead Michael Simpson believes the immersive experience is already impacting learning outcomes. He said: “We’re seeing pupils more engaged than ever before. The combination of visual, auditory, and hands-on learning caters to a wide range of learning styles, which helps us ensure that every child reaches their potential.

    “As schools across the country begin to adopt more immersive learning environments, Ryhope Junior School is proud to be at the forefront of this educational revolution. The introduction of this new classroom marks a significant step forward in providing students with a 21st-century learning experience that is not only educational but also memorable and fun.”

    Simon Marshall, TfC Chief Executive and Director of Children’s Services said: “We’re always looking at ways to boost the curriculum and enhance the ways children learn. When we approached Ryhope Junior School with the opportunity to access funding for this project, staff were excited to try something new and showcase exciting technology to pupils and parents.

    “The technology gives the school the freedom to add to the curriculum by adding their own videos geared towards local knowledge, which means the children can virtually travel everywhere from Penshaw Monument to the deepest oceans via New York, and even past a Gruffalo!”

    MIL OSI United Kingdom

  • MIL-OSI Africa: Poverty in Lagos isn’t just about money – here’s why

    Source: The Conversation – Africa – By Oluwaseyi Omowunmi Popogbe, Lecturer II, Crawford University

    Lagos is Nigeria’s economic powerhouse, but it has some of the worst slums in the country.

    Lagos slums are characterised by high levels of poverty – the state of not having enough resources to meet basic needs for living, such as food, water, shelter, healthcare and education.

    Poverty is multidimensional. It is not only about money. Yet poverty in Lagos slums has often been studied using traditional methods that focus mostly on income thresholds. A person is considered poor if their income falls below a certain level. This approach captures financial hardship. But it misses other aspects of poverty, such as lack of access to education, healthcare, clean water and decent living conditions.

    Measuring poverty requires a multidimensional approach, not simply an income approach. Multidimensional poverty means looking at all the aspects of deprivation to get a fuller picture of what it means to live in poverty. It helps policymakers and researchers understand that even with some income, a person may still be struggling because they don’t have other essential services.

    In a study of poverty in the Lagos State slums, two other development economists and I used a mathematical framework to model multidimensional poverty. We used what is known as the fuzzy set approach. This was developed in the 1990s as an alternative to purely monetary measures of poverty.

    The traditional monetary approach often classifies people as either “poor” or “not poor” based on specific cut-off points. In reality, poverty exists on a spectrum, and people can experience different levels of deprivation across various aspects of their lives. The fuzzy set approach accounts for this by assigning degrees of membership to different poverty indicators.

    We found considerable disparities in poverty, based on a multidimensional index, across slums in Lagos State. Our insights will enable economists and policymakers to see the different ways people in slums are deprived. In turn this should help them understand how to make their lives better in a more targeted and effective way.

    Background and methodological approach

    Our study focused on five big slums that lie close to the coastal line in Lagos state. These are among the slums the World Bank has identified for upgrading as part of a US$200 million loan project to improve drainage and solid waste management.

    We chose 400 respondents from the five slums: Makoko, Iwaya, Ilaje, Ijora Badia and Amukoko.

    According to Avijit Hazra and Nithya J Gogtay, researchers in bio-statistics and research methodology, a minimum of 384 samples is appropriate for a large population size. Nevertheless, the selected sample for this study limits the ability to generalise the findings to other slums, especially those with different characteristics.

    Findings

    The multidimensional poverty index was highest in Makoko and Iwaya. These scores indicate severe poverty, as they are above the threshold of 0.50.

    In contrast, Amukoko had the lowest multidimensional poverty index, showing relatively less severe deprivation across indicators.

    Makoko and Iwaya are particularly deprived in areas like schooling, sanitation and nutrition. This explains their higher poverty levels compared to other communities.

    Makoko’s location along the coast, with its makeshift housing and poor infrastructure, adds to its vulnerability. Iwaya shares similar challenges in education and health services. These factors make both areas more deprived than other slums.

    Of the three broad poverty dimensions measured, education emerged with the highest deprivation across all communities. This highlighted the limited formal education among residents.

    Specifically, Makoko and Iwaya showed the highest deprivation in schooling. Despite some improvements, particularly in child enrolment, these communities are still marked by severe deprivation.

    The second dimension exhibiting severe deprivation was living standards. There were variations across different slums. Makoko and Iwaya had higher sanitation challenges.

    The third dimension in the severe deprivation category was health. Indicators included mortality and nutrition. They were high across many slums, contributing significantly to their multidimensional poverty indexes.

    Other communities, such as Amukoko (0.0312), showed better sanitation outcomes. On the other hand, electricity, flooring and cooking fuel indicators generally showed lower levels of deprivation, with most slums scoring around or below 0.03 in these categories.

    The prevalence of both serious and minor illnesses, coupled with insufficient medical care, contributed to high mortality rates.

    Poor sanitation could also be a factor in health issues. In Makoko and Iwaya, toilet facilities and waste management were poor, with waste often disposed of in waterways.

    Despite this, personal hygiene practices such as using clean water, soap and regular brushing were prevalent. This helped keep the sanitation index relatively low compared with other factors affecting health.

    Other slums had relatively better-organised waste collection systems and generally improved sanitation practices.

    What needs to be done

    Policymakers should prioritise education-focused initiatives. This should include improving access to quality schools, providing scholarships and setting up adult literacy programmes.

    The study also highlights challenges related to sanitation, especially in Makoko and Iwaya. There is a need for improved infrastructure in these areas, such as better sanitation facilities, waste management systems and access to clean water.

    Policies should focus on upgrading sanitation services to reduce health risks and improve living conditions.

    But the differences in poverty index across slums indicate varying levels of deprivation, suggesting that a one-size-fits-all approach will not be effective.

    Coastal slums like Makoko and Iwaya require more intensive interventions compared to slums not directly on coastal lines such as Amukoko.

    Policymakers should focus resources where they are most needed to have the greatest impact.

    Slums like Ilaje and Ijora Badia are close to the threshold of severe poverty. Policymakers need to take proactive measures to prevent these communities from falling into severe deprivation.

    Lastly, it is important to use data to identify priority areas and develop targeted interventions aimed at improving the quality of life for slum dwellers.

    Instead of relying on generalised approaches, the insights from this study can facilitate the design of specific policies that address the distinct needs of each community.

    – Poverty in Lagos isn’t just about money – here’s why
    https://theconversation.com/poverty-in-lagos-isnt-just-about-money-heres-why-240847

    MIL OSI Africa