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Category: Eurozone

  • MIL-OSI Europe: Written question – Backlash against financing aid to Ukraine – E-002495/2025

    Source: European Parliament

    Question for written answer  E-002495/2025
    to the Commission
    Rule 144
    Erik Kaliňák (NI)

    Following the Commission’s proposal to pledge up to EUR 40 billion in military assistance to Ukraine this year, with each country contributing according to the size of its economy, Spain and Italy voiced their opposition[1].

    In the light of the above:

    • 1.What further steps does the Commission plan to take?
    • 2.Is the Commission not aware that Member States are financially exhausted by the measures to support Ukraine that the Commission is continuously proposing?
    • 3.Does the Commission not feel that the EU should become more actively involved in pressing for a peaceful dialogue instead of endless military support and the associated need for continuous funding?

    Submitted: 23.6.2025

    • [1] https://www.reuters.com/world/europe/italy-spain-not-ready-back-eu-plan-boost-ukraine-military-aid-2025-03-17/
    Last updated: 30 June 2025

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Written question – Lack of effectiveness and transparency in Recovery and Resilience Facility investments in Greece – E-002518/2025

    Source: European Parliament

    Question for written answer  E-002518/2025
    to the Commission
    Rule 144
    Nikolaos Anadiotis (NI)

    Greece was among the first four Member States to submit national recovery plans in April 2021,[1] securing through the Recovery and Resilience Facility – a critical tool for rebuilding its economy after the pandemic – resources totalling EUR 35.95 billion,[2] a significant financing opportunity for its economic transformation. However, serious concerns have been raised regarding the way in which the resources are allocated, their accessibility, and the overall transparency of the process.[3]

    According to analysts and independent bodies, a large part of the financing is directed to already strong businesses through banking tools with strict credit criteria, resulting in the exclusion of many small and medium-sized enterprises and social initiatives, especially on the periphery. There have been delays in the necessary reforms, proposals for the downgrading of projects and a lack of social consultation and accountability, as the process of evaluating and approving projects is carried out with limited publicity and without civil society playing an active role.

    In view of the above, the Commission is asked:

    • 1.What problems have been identified in the course of implementing the Greek recovery plan and what recommendations have been made?
    • 2.Are there any indications of lack of transparency or exclusion of potential beneficiaries (such as SMEs, local authorities)?
    • 3.What measures are being taken to strengthen civil society participation and democratic accountability in the management of European funds in Greece?

    Submitted: 23.6.2025

    • [1] https://greece20.gov.gr/to-plires-sxedio/
    • [2] https://greece20.gov.gr/me-mia-matia/
    • [3] https://www.ot.gr/2025/06/02/tameio-anakampsis/tameio-anakampsis-se-anammena-karvouna-i-eyropi-ti-perimenei-i-ellada/.
    Last updated: 30 June 2025

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Written question – Immediate support for Chios due to fires – E-002517/2025

    Source: European Parliament

    Question for written answer  E-002517/2025
    to the Commission
    Rule 144
    Georgios Aftias (PPE)

    Since the afternoon of Sunday 22 June 2025, three fires have broken out on Chios and are spreading throughout the island due to strong winds. Over the last few hours – despite the brave efforts of the fire brigade – the fires have been reigniting, resulting in 17 settlements being evacuated for safety reasons and many areas of the island being without electricity and access to basic supplies. According to an announcement by the Ministry of Climate Crisis and Civil Protection, in the last 48 hours in Greece, firefighters have been called to deal with 110 fires in various areas of the country.

    Given the above:

    • 1.Will the European Solidarity Fund be activated to compensate those affected by the fires and does the Commission intend to finance the establishment of a European fire brigade to assist the Mediterranean countries affected by the fires?
    • 2.Does the Commission intend to provide more resources to Member States so that they can acquire the means and personnel to prevent and extinguish fires?
    • 3.Will those affected by the fires be compensated within 12 weeks, as the Commissioner responsible for Cohesion and Reforms recently announced in response to a question I asked?

    Submitted: 23.6.2025

    Last updated: 30 June 2025

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Latest news – Election of the 3rd and 4th Vice-Chairs – Subcommittee on Human Rights

    Source: European Parliament

    On 26 June, during its ordinary meeting of 25-26 June the Subcommittee held the election of the 3rd and 4th Vice-Chairs.

    • Isabel SERRA SÁNCHEZ (The Left, Spain) was elected as 3rd Vice-Chair
    • Arkadiusz MULARCZYK (ECR, Poland) was elected as 4th Vice-Chair

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Written question – Ending the funding for Islamic cultural centres that are actually conducting religious activities – P-002560/2025

    Source: European Parliament

    Priority question for written answer  P-002560/2025
    to the Commission
    Rule 144
    Susanna Ceccardi (PfE), Silvia Sardone (PfE), Anna Maria Cisint (PfE)

    A number of EU Member States, including Italy, have different types of indirect public taxes, such as the ‘eight per thousand’ rule in Italy, whereby taxpayers devolve 0.8 % of their tax to state-recognised religions, or the ‘five per thousand’ rule for third-sector entities.

    It has become evident that many Islamic cultural centres, operating officially as cultural associations, can access the ‘five per thousand’ contributions while carrying out religious activities, including worship, preaching and proselytism.

    These centres do not appear to be subject to the same transparency, oversight and control requirements as state-recognised religions, and in some cases they may be linked to foreign organisations or to ideologies that are incompatible with the fundamental values enshrined in the EU Charter of Fundamental Rights.

    In view of the above:

    • 1.Is the Commission aware that, in some Member States, bodies officially presenting themselves as ‘cultural centres’ can receive public taxes, even though they mainly engage in religious activities that are not subject to any specific regulations?
    • 2.Some entities – officially described as cultural bodies – promote ideologies that run counter to the fundamental values of the European Union. Does it believe that public funding for such bodies could be a cause for concern in terms of consistency with the obligations stemming from the Charter of Fundamental Rights and pose a risk in terms of potential radicalisation?

    Submitted: 25.6.2025

    Last updated: 30 June 2025

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Written question – Implementation of Italy’s NRRP and problems caused by delays – P-002482/2025

    Source: European Parliament

    Priority question for written answer  P-002482/2025
    to the Commission
    Rule 144
    Dario Nardella (S&D), Nicola Zingaretti (S&D), Stefano Bonaccini (S&D), Brando Benifei (S&D), Giorgio Gori (S&D), Lucia Annunziata (S&D), Antonio Decaro (S&D), Annalisa Corrado (S&D), Camilla Laureti (S&D), Elisabetta Gualmini (S&D), Giuseppe Lupo (S&D), Pierfrancesco Maran (S&D), Alessandra Moretti (S&D), Pina Picierno (S&D), Matteo Ricci (S&D), Sandro Ruotolo (S&D), Cecilia Strada (S&D), Irene Tinagli (S&D), Marco Tarquinio (S&D), Raffaele Topo (S&D), Alessandro Zan (S&D)

    As the deadline approaches for Italy’s national recovery and resilience plan (NRRP), it is clear that many of the innovative investments and practices have produced good results. However, a number of the key measures have encountered problems, which require specific corrective measures in order to avoid a full-scale revision of the plan.

    The government, together with the Commission, is pinpointing solutions to ensure that the deadlines can be met. One strategy is to entrust management of the funds to entities such as ISMEA and GSE. This approach – already provided for in the 2023 revision – applies to financing worth EUR 10.6 billion. In the agri-food sector, 50 % of resources are expected to be under contract by 30 June 2025 and the rest by 2026, but most of the investments will materialise after the plan has ended. Another strategy provides for reporting of partially achieved objectives, with a proportional reduction in funding, to be assessed on a case-by-case basis. In addition, while the Commission is carrying out its assessment, that period of time can also be used to finalise the measures, even after the requests have been sent.

    It is important to take into account the link between the NRRP and the fiscal-structural plan: any delays could have a negative impact on the reforms and investments that have been planned.

    In view of the above:

    • 1.What common challenges are coming to light in the various Member States in terms of implementation of the plans, and what support measures are envisaged?
    • 2.What actions and corrective measures will be taken to support Italy’s NRRP?
    • 3.What will happen to non-disbursed funds?

    Submitted: 20.6.2025

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Written question – Implementation of Italy’s NRRP and problems caused by delays – P-002482/2025

    Source: European Parliament

    Priority question for written answer  P-002482/2025
    to the Commission
    Rule 144
    Dario Nardella (S&D), Nicola Zingaretti (S&D), Stefano Bonaccini (S&D), Brando Benifei (S&D), Giorgio Gori (S&D), Lucia Annunziata (S&D), Antonio Decaro (S&D), Annalisa Corrado (S&D), Camilla Laureti (S&D), Elisabetta Gualmini (S&D), Giuseppe Lupo (S&D), Pierfrancesco Maran (S&D), Alessandra Moretti (S&D), Pina Picierno (S&D), Matteo Ricci (S&D), Sandro Ruotolo (S&D), Cecilia Strada (S&D), Irene Tinagli (S&D), Marco Tarquinio (S&D), Raffaele Topo (S&D), Alessandro Zan (S&D)

    As the deadline approaches for Italy’s national recovery and resilience plan (NRRP), it is clear that many of the innovative investments and practices have produced good results. However, a number of the key measures have encountered problems, which require specific corrective measures in order to avoid a full-scale revision of the plan.

    The government, together with the Commission, is pinpointing solutions to ensure that the deadlines can be met. One strategy is to entrust management of the funds to entities such as ISMEA and GSE. This approach – already provided for in the 2023 revision – applies to financing worth EUR 10.6 billion. In the agri-food sector, 50 % of resources are expected to be under contract by 30 June 2025 and the rest by 2026, but most of the investments will materialise after the plan has ended. Another strategy provides for reporting of partially achieved objectives, with a proportional reduction in funding, to be assessed on a case-by-case basis. In addition, while the Commission is carrying out its assessment, that period of time can also be used to finalise the measures, even after the requests have been sent.

    It is important to take into account the link between the NRRP and the fiscal-structural plan: any delays could have a negative impact on the reforms and investments that have been planned.

    In view of the above:

    • 1.What common challenges are coming to light in the various Member States in terms of implementation of the plans, and what support measures are envisaged?
    • 2.What actions and corrective measures will be taken to support Italy’s NRRP?
    • 3.What will happen to non-disbursed funds?

    Submitted: 20.6.2025

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Heads of Multilateral Development Banks commit to strong joint action on development priorities

    Source: European Investment Bank

    EIB

    The Heads of Multilateral Development Banks (MDBs) met today in Paris, hosted by the Council of Europe Development Bank (CEB), which currently chairs the Heads of MDBs Group. The meeting focused on advancing their joint efforts to address  development priorities.

    Amid rising global uncertainty, the Heads reaffirmed their commitment to working as a system to deliver greater impact and scale, in line with their Viewpoint Note and the recommendations of the G20 Roadmap towards Better, Bigger, and More Effective MDBs.  The Roadmap outlines an ambitious vision for MDB reform to better address regional and global challenges, support job creation, and help countries achieve their development aspirations.

    The Heads welcomed ongoing efforts to improve the way MDBs work with clients through operational efficiency and enhanced coordination. In 2025 alone, five mutual reliance agreements  have been signed, helping streamline the preparation and implementation of  co-financed projects across institutions.

    Private capital mobilization remains a system-wide priority, with the last joint report of the MDBs reflecting a positive trend in volumes mobilized. To build on this momentum, the Heads reaffirmed their commitment to developing local currency lending and foreign exchange solutions. They also reaffirmed  the importance of adequate risk assessment for private sector investment in emerging markets and developing economies; in this context, the valuable contribution of disaggregated statistics on credit risk published through the Global Emerging Markets Risk Database (GEMs) was recognized.

    The Heads reiterated their continued commitment to implementing the recommendations of the G20 Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks (CAF).  Further reform efforts by MDBs since mid-2024 have increased the additional lending headroom for development projects in all countries of operation, including high-income ones, over the next decade by more than US$250 billion, thus reaching a total of over US$650 billion.

    The publication in the coming weeks of the Comparison Report by the MDBs’ Global Risk and Finance Forum (GRaFF) will provide metrics and data relating to MDBs’ financial positions, promoting a better understanding of their financial models and supporting both balance sheet optimization and private sector mobilization. 

    The Heads also agreed to continue advancing promising initiatives already underway to strengthen system-wide impact. These include: 1) Mission 300, which aims to connect 300 million people in Africa to electricity by 2030 through public and private collaboration;  2) Association of South East Asian Nations (ASEAN) Power Grid, which aims to boost energy security, strengthen resilience, and promote decarbonization for the region’s 670 million people by connecting its electricity systems; and 3) Digital Transformation in Education in Latin America and the Caribbean, which aims to connect 3.5 million students and train over 250,000 teachers. 

    In addition, MDBs are exploring joint actions to scale up investments in social infrastructure, including health, education, housing, and water and sanitation. Building on structured dialogue led by the CEB, the Heads welcomed progress made through recent cross-MDB consultations and recognized the key role these sectors play in enabling jobs, productivity, and inclusive growth, while noting persistent financing and delivery challenges that constrain impact.

    Meeting in advance of the Fourth International Conference on Financing for Development (FfD4), which will take place in Sevilla, Spain, from 30 June to 3 July, MDBs remain committed to working better as a system, in alignment with country-led development priorities and strategies to promote jobs and prosperity. In view of water’s role in human development, MDBs committed to significantly increasing collective support for global water security by 2030, and will launch the first “Joint Annual MDB Water Security Financing Report” at FfD4. Heads noted the importance of the upcoming COP30 in Belem, Brazil, in November 2025.

    Today’s meeting in Paris marks a significant step toward effective collaboration and scaled-up collective action for development priorities. MDB reforms are advancing, moving from concept to execution.

    With streamlined operations, better risk tools, and growing financial capacity, MDBs are delivering real impact – from expanding energy access and digital education to scaling investment in water security.

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: Joint Statement: Heads of Multilateral Development Banks commit to strong joint action on development priorities

    Source: European Investment Bank

    PARIS (28 June) – The Heads of Multilateral Development Banks (MDBs) met today in Paris, hosted by the Council of Europe Development Bank (CEB), which currently chairs the Heads of MDBs Group. The meeting focused on advancing their joint efforts to address  development priorities.

    Amid rising global uncertainty, the Heads reaffirmed their commitment to working as a system to deliver greater impact and scale, in line with their Viewpoint Note and the recommendations of the G20 Roadmap towards Better, Bigger, and More Effective MDBs.  The Roadmap outlines an ambitious vision for MDB reform to better address regional and global challenges, support job creation, and help countries achieve their development aspirations.

    The Heads welcomed ongoing efforts to improve the way MDBs work with clients through operational efficiency and enhanced coordination. In 2025 alone, five mutual reliance agreements  have been signed, helping streamline the preparation and implementation of  co-financed projects across institutions.

    Private capital mobilization remains a system-wide priority, with the last joint report of the MDBs reflecting a positive trend in volumes mobilized. To build on this momentum, the Heads reaffirmed their commitment to developing local currency lending and foreign exchange solutions. They also reaffirmed  the importance of adequate risk assessment for private sector investment in emerging markets and developing economies; in this context, the valuable contribution of disaggregated statistics on credit risk published through the Global Emerging Markets Risk Database (GEMs) was recognized.

    The Heads reiterated their continued commitment to implementing the recommendations of the G20 Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks (CAF).  Further reform efforts by MDBs since mid-2024 have increased the additional lending headroom for development projects in all countries of operation, including high-income ones, over the next decade by more than US$250 billion, thus reaching a total of over US$650 billion.

    The publication in the coming weeks of the Comparison Report by the MDBs’ Global Risk and Finance Forum (GRaFF) will provide metrics and data relating to MDBs’ financial positions, promoting a better understanding of their financial models and supporting both balance sheet optimization and private sector mobilization. 

    The Heads also agreed to continue advancing promising initiatives already underway to strengthen system-wide impact. These include: 1) Mission 300, which aims to connect 300 million people in Africa to electricity by 2030 through public and private collaboration;  2) Association of South East Asian Nations (ASEAN) Power Grid, which aims to boost energy security, strengthen resilience, and promote decarbonization for the region’s 670 million people by connecting its electricity systems; and 3) Digital Transformation in Education in Latin America and the Caribbean, which aims to connect 3.5 million students and train over 250,000 teachers. 

    In addition, MDBs are exploring joint actions to scale up investments in social infrastructure, including health, education, housing, and water and sanitation. Building on structured dialogue led by the CEB, the Heads welcomed progress made through recent cross-MDB consultations and recognized the key role these sectors play in enabling jobs, productivity, and inclusive growth, while noting persistent financing and delivery challenges that constrain impact.

    Meeting in advance of the Fourth International Conference on Financing for Development (FfD4), which will take place in Sevilla, Spain, from 30 June to 3 July, MDBs remain committed to working better as a system, in alignment with country-led development priorities and strategies to promote jobs and prosperity. In view of water’s role in human development, MDBs committed to significantly increasing collective support for global water security by 2030, and will launch the first “Joint Annual MDB Water Security Financing Report” at FfD4. Heads noted the importance of the upcoming COP30 in Belem, Brazil, in November 2025.

    Today’s meeting in Paris marks a significant step toward effective collaboration and scaled-up collective action for development priorities. MDB reforms are advancing, moving from concept to execution.

    With streamlined operations, better risk tools, and growing financial capacity, MDBs are delivering real impact – from expanding energy access and digital education to scaling investment in water security.

    MIL OSI Europe News –

    June 30, 2025
  • Britain, France and Germany condemn ‘threats’ against head of IAEA watchdog

    Source: Government of India

    Source: Government of India (4)

    Britain, France and Germany condemned on Monday what they described as threats against the head of the International Atomic Energy Agency (IAEA) watchdog, and called on Iran to guarantee the safety of IAEA staff on its territory.

    “France, Germany and the United Kingdom condemn threats against the Director General of the IAEA Rafael Grossi and reiterate our full support to the Agency and the DG in carrying out their mandate,” said a joint statement issued by the foreign affairs ministries of those three countries.

    “We call on Iranian authorities to refrain from any steps to cease cooperation with the IAEA. We urge Iran to immediately resume full cooperation in line with its legally binding obligations, and to take all necessary steps to ensure the safety and security of IAEA personnel,” they added.

    Their joint statement did not specify what threats had been made against Grossi.

    On Monday, Iran said it could not be expected to guarantee the safety of IAEA inspectors, so swiftly after its nuclear sites were hit by Israeli and U.S. strikes in the 12-day war that ended with a ceasefire last week.

    “How can they expect us to ensure the safety and security of the agency’s inspectors when Iran’s peaceful nuclear facilities were attacked a few days ago?” Foreign Ministry spokesperson Esmaeil Baghaei told a news conference.

    The IAEA’s board voted earlier this month to declare that Iran was in violation of its obligations under the global nuclear Non-Proliferation Treaty. Iranian officials have suggested that vote helped pave the way for Israel’s attacks.

    Baghaei said a parliamentary bill approved by the Guardian Council makes it mandatory for the government to suspend cooperation with the UN nuclear watchdog.

    “Iran shouldn’t be expected to accept its obligations under the nuclear Non-Proliferation Treaty (NPT) when the UN nuclear watchdog has stopped short of condemning the attacks on Iran’s nuclear sites,” Baghaei said.

    (Reuters)

    June 30, 2025
  • MIL-OSI Submissions: RNA has newly identified role: Repairing serious DNA damage to maintain the genome

    Source: The Conversation – USA – By Francesca Storici, Professor of Biological Sciences, Georgia Institute of Technology

    Double-strand breaks in DNA can be deadly. Victor Golmer/iStock via Getty Images Plus

    Your DNA is continually damaged by sources both inside and outside your body. One especially severe form of damage called a double-strand break involves the severing of both strands of the DNA double helix.

    Double-strand breaks are among the most difficult forms of DNA damage for cells to repair because they disrupt the continuity of DNA and leave no intact template to base new strands on. If misrepaired, these breaks can lead to other mutations that make the genome unstable and increase the risk of many diseases, including cancer, neurodegeneration and immunodeficiency.

    Cells primarily repair double-strand breaks by either rejoining the broken DNA ends or by using another DNA molecule as a template for repair. However, my team and I discovered that RNA, a type of genetic material best known for its role in making proteins, surprisingly plays a key role in facilitating the repair of these harmful breaks.

    These insights could not only pave the way for new treatment strategies for genetic disorders, cancer and neurodegenerative diseases, but also enhance gene-editing technologies.

    Sealing a knowledge gap in DNA repair

    I have spent the past two decades investigating the relationship between RNA and DNA in order to understand how cells maintain genome integrity and how these mechanisms could be harnessed for genetic engineering.

    A long-standing question in the field has been whether RNA in cells helps keep the genome stable beyond acting as a copy of DNA in the process of making proteins and a regulator of gene expression. Studying how RNA might do this has been especially difficult due to its similarity to DNA and how fast it degrades. It’s also technically challenging to tell whether the RNA is directly working to repair DNA or indirectly regulating the process. Traditional models and tools for studying DNA repair have for the most part focused on proteins and DNA, leaving RNA’s potential contributions largely unexplored.

    RNA plays a key role in protein synthesis.

    My team and I were curious about whether RNA might actively participate in fixing double-strand breaks as a first line of defense. To explore this, we used the gene-editing tool CRISPR-Cas9 to make breaks at specific spots in the DNA of human and yeast cells. We then analyzed how RNA influences various aspects of the repair process, including efficiency and outcomes.

    We found that RNA can actively guide the repair process of double-strand breaks. It does this by binding to broken DNA ends, helping align sequences of DNA on a matching strand that isn’t broken. It can also seal gaps or remove mismatched segments, further influencing whether and how the original sequence is restored.

    Additionally, we found that RNA aids in double-strand break repair in both yeast and human cells, suggesting that its role in DNA repair is evolutionary conserved across species. Notably, even low levels of RNA were sufficient to influence the efficiency and outcome of repair, pointing to its broad and previously unrecognized function in maintaining genome stability.

    RNA in control

    By uncovering RNA’s previously unknown function to repair DNA damage, our findings show how RNA may directly contribute to the stability and evolution of the genome. It’s not merely a passive messenger, but an active participant in genome maintenance.

    One type of RNA that has been effectively used in treatments is mRNA.
    Aldona/iStock via Getty Images Plus

    These insights could help researchers develop new ways to target the genomic instability that underlies many diseases, including cancer and neurodegeneration. Traditionally, treatments and gene-editing tools have focused almost exclusively on DNA or proteins. Our findings suggest that modifying RNA in different ways could also influence how cells respond to DNA damage. For example, researchers could design RNA-based therapies to enhance the repair of harmful breaks that could cause cancer, or selectively disrupt DNA break repair in cancer cells to help kill them.

    In addition, these findings could improve the precision of gene-editing technologies like CRISPR by accounting for interactions between RNA and DNA at the site of the cut. This could reduce off-target effects and increase editing precision, ultimately contributing to the development of safer and more effective gene therapies.

    There are still many unanswered questions about how RNA interacts with DNA in the repair process. The evolutionary role that RNA plays in maintaining genome stability is also unclear. But one thing is certain: RNA is no longer just a messenger, it is a molecule with a direct hand in DNA repair, rewriting what researchers know about how cells safeguard their genetic code.

    Francesca Storici consults at Tessera Therapeutics. She has received funding from the National Institutes of Health and the National Science Foundation.

    – ref. RNA has newly identified role: Repairing serious DNA damage to maintain the genome – https://theconversation.com/rna-has-newly-identified-role-repairing-serious-dna-damage-to-maintain-the-genome-256429

    MIL OSI –

    June 30, 2025
  • MIL-OSI Asia-Pac: Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area to visit Portugal to promote development opportunities in GBA

    Source: Hong Kong Government special administrative region

    Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area to visit Portugal to promote development opportunities in GBA 
         On July 3, Ms Chan will attend a business luncheon titled “Unlocking New Horizons: Affordable Housing and Opportunities in Hong Kong and the Greater Bay Area”, co-organised by the Guangdong-Hong Kong-Macao Greater Bay Area Development Office and the Hong Kong Economic and Trade Office in Brussels. She will deliver a keynote speech to promote the enormous business opportunities brought about by the GBA to the Portuguese business community and how Hong Kong can play its important function as a “super-connector” and “super value-adder” between the two places.
     
         During her stay in Lisbon, Ms Chan will call on the Chinese Embassy in the Portuguese Republic to learn about the latest developments in Portugal and Sino-Portuguese culture, and will also attend the International Forum on Urbanism there.
     
         Ms Chan will return to Hong Kong on July 4.
    Issued at HKT 14:29

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 30, 2025
  • MIL-OSI Asia-Pac: Secretary for Housing to visit Portugal and Spain

    Source: Hong Kong Government special administrative region

         The Secretary for Housing, Ms Winnie Ho, will depart for a visit to Lisbon, Portugal, tomorrow night (July 1). She will attend the International Forum on Urbanism on July 2 and speak at the forum on the various housing initiatives implemented by the Housing Bureau and the Hong Kong Housing Authority in recent years to enhance people’s livelihoods, encourage upward mobility, and promote innovative construction technologies, as well as the “Well-being design” guide launched last year.
     
         During her stay in Lisbon, she will meet with relevant local officials. She will also officiate at a business luncheon co-organised by the Guangdong-Hong Kong-Macao Greater Bay Area Development Office under the Constitutional and Mainland Affairs Bureau and the Hong Kong Economic and Trade Office in Brussels, to share Hong Kong’s experiences in enhancing the quantity, speed, efficiency and quality of public housing construction by embracing various innovative rapid construction technologies and construction robotics, and continuously enhancing smart public estate management to build a more pleasant living environment for its residents. She also invited over 20 construction trade representatives from Hong Kong and the Mainland, including construction companies and consultant companies participating in the construction of public housing, Light Public Housing and transitional housing, to attend the luncheon. They will share in person with the participants Hong Kong’s experience in applying and promoting innovative construction technologies, such as Modular Integrated Construction (MiC), Multi-trade integrated Mechanical, Electrical and Plumbing (MiMEP) and construction robots, and take this opportunity to strengthen connections between the Hong Kong and Portuguese trades and explore opportunities. Ms Ho will also call on the Embassy of the People’s Republic of China in the Portuguese Republic.
     
         Ms Ho will depart for Barcelona, Spain, on the evening of July 3 (Lisbon time) to visit local social housing projects, meet with relevant government officials to learn about housing issues there and their policies implemented, and promote Hong Kong’s housing ladder that encourages upward mobility, as well as the application of innovative construction technologies in Hong Kong’s public housing developments and management, the concepts of the “Well-being design” guide, and more.
     
         Ms Ho will return to Hong Kong on the morning of July 6. During her absence, the Under Secretary for Housing, Mr Victor Tai, will be the Acting Secretary for Housing.

    MIL OSI Asia Pacific News –

    June 30, 2025
  • MIL-OSI Europe: NRRP steering committee meeting held at Palazzo Chigi to verify milestones and targets for eighth instalment

    Source: Government of Italy (English)

    A steering committee meeting for the National Recovery and Resilience Plan (NRRP) was held at Palazzo Chigi today, called and chaired by the Minister for European Affairs, the NRRP and Cohesion Policy, Tommaso Foti. The purpose of the meeting, attended by the Ministers and Undersecretaries in charge as well as by representatives from ANCI [National Association of Italian Municipalities], UPI [Union of Italian Provinces] and the Conference of Regions and Autonomous Provinces, was to verify progress of the 40 objectives linked to the payment request for the eighth instalment of Italy’s NRRP, worth EUR 12.8 billion. 

    Following a detailed review, the steering committee acknowledged the implementation status of the 12 milestones and 28 targets required for the eighth instalment, which include reforms and investments that are strategic for the nation’s growth, involving 13 administrations.

    The most significant measures include: digitalisation of the Guardia di Finanza [Italian Finance Police], with innovative IT systems to fight economic crime; more than 1,000 language and methodology courses for school teachers; the launch of projects to update school curricula in over 8,000 schools and guide students towards STEM skills; completion of culture and tourism enhancement projects by supporting approximately 2,000 small and medium-sized enterprises; redevelopment of around 50 historical parks and gardens.

    Regarding the eighth instalment, implementation of measures was also verified linked to: 1,400km of rail infrastructure being equipped with the European Rail Traffic Management System; coverage of an advanced and integrated monitoring and forecasting system to identify hydrogeological risks for 90% of the surface area in southern regions; marine habitat protection and coastal observation work; improving the energy efficiency of public housing; with regard to universities, funding 5,000 research projects of national interest, hiring approximately 2,300 new researchers, allocating more than 550 research grants, and providing financing for research projects on rare and severely debilitating diseases. 

    Among the strategic reforms that have been carried out, the reduction in payment delays by central and local government authorities, regional authorities, autonomous provinces and national health service bodies is particularly significant.

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI Europe: NRRP steering committee meeting held at Palazzo Chigi to verify milestones and targets for eighth instalment

    Source: Government of Italy (English)

    A steering committee meeting for the National Recovery and Resilience Plan (NRRP) was held at Palazzo Chigi today, called and chaired by the Minister for European Affairs, the NRRP and Cohesion Policy, Tommaso Foti. The purpose of the meeting, attended by the Ministers and Undersecretaries in charge as well as by representatives from ANCI [National Association of Italian Municipalities], UPI [Union of Italian Provinces] and the Conference of Regions and Autonomous Provinces, was to verify progress of the 40 objectives linked to the payment request for the eighth instalment of Italy’s NRRP, worth EUR 12.8 billion. 

    Following a detailed review, the steering committee acknowledged the implementation status of the 12 milestones and 28 targets required for the eighth instalment, which include reforms and investments that are strategic for the nation’s growth, involving 13 administrations.

    The most significant measures include: digitalisation of the Guardia di Finanza [Italian Finance Police], with innovative IT systems to fight economic crime; more than 1,000 language and methodology courses for school teachers; the launch of projects to update school curricula in over 8,000 schools and guide students towards STEM skills; completion of culture and tourism enhancement projects by supporting approximately 2,000 small and medium-sized enterprises; redevelopment of around 50 historical parks and gardens.

    Regarding the eighth instalment, implementation of measures was also verified linked to: 1,400km of rail infrastructure being equipped with the European Rail Traffic Management System; coverage of an advanced and integrated monitoring and forecasting system to identify hydrogeological risks for 90% of the surface area in southern regions; marine habitat protection and coastal observation work; improving the energy efficiency of public housing; with regard to universities, funding 5,000 research projects of national interest, hiring approximately 2,300 new researchers, allocating more than 550 research grants, and providing financing for research projects on rare and severely debilitating diseases. 

    Among the strategic reforms that have been carried out, the reduction in payment delays by central and local government authorities, regional authorities, autonomous provinces and national health service bodies is particularly significant.

    MIL OSI Europe News –

    June 30, 2025
  • MIL-OSI: Ophævelse af suspension

    Source: GlobeNewswire (MIL-OSI)

    Det skal oplyses, at suspension af nedenstående afdeling nu er ophævet, som følge af fusion, hvorfor det igen er muligt at handle i afdelingen.

    ISIN DK0010265693
    Afdeling European Stars KL

    Med venlig hilsen
    Nordea Fund Management, filial af Nordea Funds Oy, Finland

    Rasmus Eske Bruun
    Filialbestyrer

    The MIL Network –

    June 30, 2025
  • MIL-OSI: Ombytningsforhold ved fusion

    Source: GlobeNewswire (MIL-OSI)

    På den ordinære generalforsamling i Investeringsforeningen Nordea Invest afholdt den 7. april 2025 blev det besluttet at fusionere European Small Cap Stars KL ind i European Stars KL.

    Sammenlægningen af andele sker på baggrund af sidste indre værdi den 26.06.25

    Ophørende fond Indre værdi Fortsættende afdeling Indre værdi Ombytningsforhold
    European Small Cap Stars KL (DK0015960983) 155,954653 European Stars KL (DK0010265693) 96,987542 1,6079864463

    Hvis de ophørende investeringsbeviser ikke kan ombyttes til et helt antal investeringsbeviser i den fortsættende afdeling vil disse fraktioner af andele umiddelbart efter fusionen blive kompenseret kontant og indsat på den afkastkonto, der er tilknyttet depotet. Fusionen har ikke skattemæssige konsekvenser.

    Investeringsbeviserne i den ophørende afdeling udtages af medlemmernes depot og samtidig indlægges de modtagne beviser i den fortsættende afdeling.

    Med venlig hilsen

    Nordea Fund Management, filial af Nordea Funds Oy, Finland

    Rasmus Eske Bruun

    Filialbestyrer

    The MIL Network –

    June 30, 2025
  • MIL-OSI Russia: Fourth Financing for Development (FfD4) Conference Opening Session: Keynote Speech by DMD Nigel Clarke

    Source: IMF – News in Russian

    Fourth Financing for Development (FfD4) Conference Opening Session: Keynote Speech by DMD Nigel Clarke

    Seville, Spain

    June 30, 2025

    Good morning, everyone.

    Thank you for the opportunity to speak to you today, on behalf of the International Monetary Fund. It is a great honor to join you here at the Fourth Financing for Development Conference.

    This conference comes at a particularly challenging moment. Once again, the resilience of the world economy is being tested. Uncertainty has been escalating, as major policy shifts reshape countries priorities. Despite progress on trade talks and the scaling back of some tariffs, trade policy uncertainty indicators remain off the charts.

    This has major implications for developing countries, for whom risks have grown: downside risks to short-term and longer-term growth prospects. Risks of tightened financing conditions. And yes, risks to their development agenda—including due to cuts in overseas development assistance. 

    That is why this conference is so important—and so timely. It provides an opportunity to take decisive and necessary steps to accelerate development progress.

    And these steps must be taken at both the individual country level and the international community level.

    With that in mind, and with this opportunity in our hands, let me stress three critical priorities, one at the country level, and two at the international level.

    First priority, at the country level: implement strong domestic reforms. In an uncertain economic environment, the work to advance development must begin at home. Let me point to two sets of critical reforms within this first priority.

    One, domestic revenues remain the bedrock of country-led efforts for sustainable growth and development. Many countries can boost the resources available to them by broadening the tax base and improving compliance.

    And two, by building strong public financial management systems, they can redirect spending to sectors like health, education, well-targeted social safety nets, and growth- enhancing public investments.

    Second priority, at the international level: ensure that the support to development is coordinated and tailored. Development partners must help with policy advice, capacity building, and financial support. And to be effective, that assistance should be tailored to countries’ individual circumstances and challenges. Indeed, while developing countries share many characteristics, there are differences in their economic conditions.

    The needs of the poorest and most fragile countries, in particular—who are often hit hardest by global shocks—demand our attention, and for these countries concessional financing remains of critical importance.

    Third priority, also at the international level: address debt vulnerabilities. The risk of a systemic debt crisis seems broadly contained for now. But many countries are struggling with high interest costs and refinancing needs that constrain their ability to finance critical development spending and build resilience.

    That is why the international community must further improve debt restructuring processes to ensure that countries with unsustainable debt have access to timely and sufficiently deep debt relief.

    We have already seen progress under the Common Framework and at the Global Sovereign Debt Roundtable. And the recently published Sovereign Debt Restructuring Playbook is an important resource for countries considering seeking a restructuring. But there is still work to be done.

    The IMF is doing its part to support developing countries.

    Through our tailored policy advice, we help our members make their economies more vibrant and more resilient. We will continue to strengthen our analysis and guidance on monetary, fiscal, exchange rate, and financial sector policies.

    Through our capacity development, we will continue to help equip our members with the tools and expertise to chart their own path, working closely with other development partners.

    Through our lending instruments, we provide financial support to our members when they need it. Last Fall, we reformed our concessional lending framework, to double its lending capacity while restoring its self-sustainability. And we will continue to explore ways to strengthen our precautionary facilities and ensure our programs are well-designed.

    The Fund also actively contributes to addressing debt challenges. We provide technical support to individual restructuring. With the World Bank, we are advancing the work at the Global Sovereign Debt Roundtable and are implementing the “three-pillar approach” to help countries with sustainable debt and strong reform agendas, but where high debt service crowds out productive spending.

    Simply put: the IMF will continue to help our members achieve economic and financial stability—a prerequisite for reaching their development objectives.

    And as we work together this week, we will remain a trusted partner and champion for the international development agenda. Together, we can help bring our members towards a brighter future.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/30/sp063025-FfD4-conference-opening-session-keynote-speech-dmd-nigel-clarke

    MIL OSI

    MIL OSI Russia News –

    June 30, 2025
  • MIL-OSI Analysis: Nato leaders pledge increased defence spending – is this really the price for peace and prosperity?

    Source: The Conversation – UK – By Damian Tobin, Lecturer in International Business, University College Cork

    Kev Gregory / Shutterstock

    Nato leaders agreed to ramp up defence spending to 5% of their countries’ economic output by 2035 at a summit in The Hague, Netherlands, on June 25. US president Donald Trump, who has spent months saying Europe should take more responsibility for its own security, described the pledge as “a monumental win for the US” and a “big win” for western civilisation.

    A few months earlier, in March, the EU also launched its long-awaited white paper on defence. This provides a blueprint for improving Europe’s readiness to respond to military threats by 2030. On top of the fact that global military spending has surged in the past ten years, these developments indicate that the world’s largest nations now prioritise military over economic diplomacy.

    One of the main ideas behind military diplomacy is that increased defence spending acts as a deterrent to future conflicts. The nuclear arms race between the US and Soviet Union during the cold war provides some support for this argument. The prospect of mutual destruction was so great that it acted as a deterrent to nuclear war.

    But is increased defence spending really the necessary price for greater peace and prosperity? My research on interactions between firms, geopolitics and the political economy of defence indicates that this is no “big win” for society or economic productivity.

    A convoy of naval ships in the Pacific Ocean.
    Rawpixel.com / Shutterstock

    Deterrence requires a level of brinkmanship if it is to work. But as American economist Thomas Schelling pointed out in his 1960 book, The Strategy of Conflict, the problem with brinkmanship is that it relies on deliberately allowing a situation to get somewhat out of hand, with the intention of forcing the other party to back down.

    This can result in strategic blunders. Efforts by the former US president, Richard Nixon, to engineer such a situation in 1969 by threatening to use nuclear weapons in Vietnam failed to gain credibility with the Soviets and North Vietnamese. This undoubtedly helped convince North Vietnam that it could survive the war and locked the US into a much longer conflict.

    The recent confrontation between Israel and Iran also showed that brinkmanship can produce situations where there are significant casualties and no clear long-term resolution. Iran has long recognised that keeping itself near the threshold of nuclear weapons capability would offer a deterrent against external threats.

    But this strategy created many opportunities for error. Israel claimed that Iran was too close to building a nuclear weapon and, alongside the US, launched strikes that they say inflicted significant damage on Iranian nuclear enrichment capabilities and military leadership.




    Read more:
    Israeli aggression and Iranian nuclear brinkmanship made this confrontation all but inevitable


    Beyond this, it is unclear just how much military spending is needed to deter aggression. Nato allies have now committed to a big increase in defence spending – thanks largely to pressure from Trump.

    However, even Nato’s previous objective that countries commit 2% of their national income to defence has proved unattractive for many governments. This has even been the case in post-conflict areas such as the Balkans, where Nato has had a heavy involvement.

    A costly alternative

    Boosting defence spending falls short on delivering economic prosperity, too. Analysing US military spending in the Vietnam war, economist Les Fishman noted in 1967 that military diplomacy was far more costly than its economic equivalent.

    Military production requires continuously high levels of investment to maintain technological progress. This sucks public investment from other parts of the economy.

    That’s not to say defence spending has an entirely negative effect on the economy. Studies have found evidence that US federal funding of military research and development results in significant increases in private business research in sectors such as chemicals and aerospace.

    And, over the past decade, the value of venture capital deals in the US defence industry has grown 18-fold. This far outstrips sectors such as energy and healthcare. But such investment in military-related research and development is also often acknowledged as inefficient and not necessarily the best way to boost productivity.

    Fishman pointed out that the Marshall Plan, which provided substantial economic aid to western Europe after the second world war, had a far higher return for the US.

    Economic stabilisation kept the Soviet Union at bay for relatively small outlay compared to the Vietnam war, where casualties were of such a magnitude that it made any cost-benefit analysis meaningless.

    The Vietnam war proved extremely costly for the US.
    Department of the Army Special Photo Office / Wikimedia Commons

    Boosting defence spending also represents a lost opportunity to invest in more socially beneficial projects. This will worsen the climate crisis.

    According to a study shared with the Guardian in May, the initial rearmament planned by Nato alone could have increased greenhouse gas emissions by almost 200 million tonnes a year. The expanded defence commitment will only increase this further.

    Unlike defence, where the repurposing of civilian technologies for military uses carries a cost to society, many green investments involve beneficial substitutions that reduce the cost of a green transition.

    The substitution of conventional fossil fuel heating and transport systems with heat pumps and electric vehicles, for example, is far more socially beneficial than repurposing civilian satellites for missile systems.

    A final point is that military diplomacy is itself geopolitically destabilising. US efforts to contain communism in Asia during the 1950s and 1960s are a good example. Not only did such efforts see China align its trade with other communist states, it also ensured that self-reliance became a cornerstone of China’s economic strategy.

    This all suggests that the current drive for deterrence-based military spending carries with it a huge cost for society that could ultimately prove economically wasteful and geopolitically destabilising.

    Damian Tobin 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. Nato leaders pledge increased defence spending – is this really the price for peace and prosperity? – https://theconversation.com/nato-leaders-pledge-increased-defence-spending-is-this-really-the-price-for-peace-and-prosperity-255989

    MIL OSI Analysis –

    June 30, 2025
  • MIL-OSI Analysis: Nato leaders pledge increased defence spending – is this really the price for peace and prosperity?

    Source: The Conversation – UK – By Damian Tobin, Lecturer in International Business, University College Cork

    Kev Gregory / Shutterstock

    Nato leaders agreed to ramp up defence spending to 5% of their countries’ economic output by 2035 at a summit in The Hague, Netherlands, on June 25. US president Donald Trump, who has spent months saying Europe should take more responsibility for its own security, described the pledge as “a monumental win for the US” and a “big win” for western civilisation.

    A few months earlier, in March, the EU also launched its long-awaited white paper on defence. This provides a blueprint for improving Europe’s readiness to respond to military threats by 2030. On top of the fact that global military spending has surged in the past ten years, these developments indicate that the world’s largest nations now prioritise military over economic diplomacy.

    One of the main ideas behind military diplomacy is that increased defence spending acts as a deterrent to future conflicts. The nuclear arms race between the US and Soviet Union during the cold war provides some support for this argument. The prospect of mutual destruction was so great that it acted as a deterrent to nuclear war.

    But is increased defence spending really the necessary price for greater peace and prosperity? My research on interactions between firms, geopolitics and the political economy of defence indicates that this is no “big win” for society or economic productivity.

    A convoy of naval ships in the Pacific Ocean.
    Rawpixel.com / Shutterstock

    Deterrence requires a level of brinkmanship if it is to work. But as American economist Thomas Schelling pointed out in his 1960 book, The Strategy of Conflict, the problem with brinkmanship is that it relies on deliberately allowing a situation to get somewhat out of hand, with the intention of forcing the other party to back down.

    This can result in strategic blunders. Efforts by the former US president, Richard Nixon, to engineer such a situation in 1969 by threatening to use nuclear weapons in Vietnam failed to gain credibility with the Soviets and North Vietnamese. This undoubtedly helped convince North Vietnam that it could survive the war and locked the US into a much longer conflict.

    The recent confrontation between Israel and Iran also showed that brinkmanship can produce situations where there are significant casualties and no clear long-term resolution. Iran has long recognised that keeping itself near the threshold of nuclear weapons capability would offer a deterrent against external threats.

    But this strategy created many opportunities for error. Israel claimed that Iran was too close to building a nuclear weapon and, alongside the US, launched strikes that they say inflicted significant damage on Iranian nuclear enrichment capabilities and military leadership.




    Read more:
    Israeli aggression and Iranian nuclear brinkmanship made this confrontation all but inevitable


    Beyond this, it is unclear just how much military spending is needed to deter aggression. Nato allies have now committed to a big increase in defence spending – thanks largely to pressure from Trump.

    However, even Nato’s previous objective that countries commit 2% of their national income to defence has proved unattractive for many governments. This has even been the case in post-conflict areas such as the Balkans, where Nato has had a heavy involvement.

    A costly alternative

    Boosting defence spending falls short on delivering economic prosperity, too. Analysing US military spending in the Vietnam war, economist Les Fishman noted in 1967 that military diplomacy was far more costly than its economic equivalent.

    Military production requires continuously high levels of investment to maintain technological progress. This sucks public investment from other parts of the economy.

    That’s not to say defence spending has an entirely negative effect on the economy. Studies have found evidence that US federal funding of military research and development results in significant increases in private business research in sectors such as chemicals and aerospace.

    And, over the past decade, the value of venture capital deals in the US defence industry has grown 18-fold. This far outstrips sectors such as energy and healthcare. But such investment in military-related research and development is also often acknowledged as inefficient and not necessarily the best way to boost productivity.

    Fishman pointed out that the Marshall Plan, which provided substantial economic aid to western Europe after the second world war, had a far higher return for the US.

    Economic stabilisation kept the Soviet Union at bay for relatively small outlay compared to the Vietnam war, where casualties were of such a magnitude that it made any cost-benefit analysis meaningless.

    The Vietnam war proved extremely costly for the US.
    Department of the Army Special Photo Office / Wikimedia Commons

    Boosting defence spending also represents a lost opportunity to invest in more socially beneficial projects. This will worsen the climate crisis.

    According to a study shared with the Guardian in May, the initial rearmament planned by Nato alone could have increased greenhouse gas emissions by almost 200 million tonnes a year. The expanded defence commitment will only increase this further.

    Unlike defence, where the repurposing of civilian technologies for military uses carries a cost to society, many green investments involve beneficial substitutions that reduce the cost of a green transition.

    The substitution of conventional fossil fuel heating and transport systems with heat pumps and electric vehicles, for example, is far more socially beneficial than repurposing civilian satellites for missile systems.

    A final point is that military diplomacy is itself geopolitically destabilising. US efforts to contain communism in Asia during the 1950s and 1960s are a good example. Not only did such efforts see China align its trade with other communist states, it also ensured that self-reliance became a cornerstone of China’s economic strategy.

    This all suggests that the current drive for deterrence-based military spending carries with it a huge cost for society that could ultimately prove economically wasteful and geopolitically destabilising.

    Damian Tobin 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. Nato leaders pledge increased defence spending – is this really the price for peace and prosperity? – https://theconversation.com/nato-leaders-pledge-increased-defence-spending-is-this-really-the-price-for-peace-and-prosperity-255989

    MIL OSI Analysis –

    June 30, 2025
  • MIL-OSI United Nations: Secretary-General’s remarks at the opening of the 4th Financing for Development Conference [trilingual, as delivered; scroll down for all-English and all-Spanish]

    Source: United Nations secretary general

    Majestades,

    Excelencias, señoras y señores:

    Agradezco al Gobierno y al pueblo de España por su cálida acogida en Sevilla para esta importante conferencia.

    Durante décadas, la misión del desarrollo sostenible ha unido a países grandes y pequeños, desarrollados y en desarrollo.

    Juntos, hemos logrado avances.

     
    Reduciendo la pobreza y el hambre en el mundo.
     
    Salvando vidas con sistemas sanitarios más sólidos.
     
    Llevando más niños a la escuela.
     
    Ampliando las oportunidades para mujeres y niñas.
     
    Y fortaleciendo las redes de seguridad social.
     
    Pero hoy, el desarrollo y su gran impulsor – la cooperación internacional –enfrentan fortísimos vientos en contra.
     
    Vivimos en un mundo donde la confianza se está desmoronando y el multilateralismo está bajo tensión.
     
    Un mundo con una economía en desaceleración, tensiones comerciales crecientes y presupuestos de ayuda diezmados.
     
    Un mundo sacudido por desigualdades, caos climático y conflictos devastadores.
     
    El vínculo entre paz y desarrollo es evidente.
     
    Nueve de los diez países con los Indicadores de Desarrollo Humano más bajos se encuentran actualmente en situación de conflicto.
     
    Excelencias,
     
    La financiación es el motor del desarrollo.
     
    Y, ahora mismo, ese motor se está ahogando.
     
    Mientras nos reunimos, la Agenda 2030 para el Desarrollo Sostenible – nuestra promesa global de transformar nuestro mundo para lograr un futuro mejor y más justo – está en peligro.
     
    Dos tercios de las metas de los Objetivos de Desarrollo Sostenible están rezagadas.
     
    Alcanzarlos requiere una inversión de más de 4 billones de dólares al año.
     
    Pero no se trata sólo de una crisis de cifras.
     
    Es una crisis de personas.
     
    De familias que pasan hambre.
     
    De niños que no reciben vacunas.
     
    De niñas obligadas a abandonar la escuela.
     
    Estamos aquí en Sevilla para cambiar el rumbo.
     
    Para reparar y poner en marcha el motor del desarrollo y acelerar la inversión a la escala y velocidad necesarias.
     
    Y restaurar equidad y justicia – para todas y todos.
     
    Excellencies,
     
    The Sevilla Commitment is a global promise to fix how the world supports countries as they climb the development ladder.
     
    I see three areas of action.
     
    First — we must get resources flowing. Fast.  
     
    Countries must lead by mobilizing domestic resources and investing in areas of greatest impact: schools, health care, social protection, decent work, and renewable energy.
     
    Unlocking these investments requires strengthening tax systems, and tackling illicit financial flows and tax evasion.
     
    And helping developing countries dedicate a greater share of their tax revenues to the systems people need.
     
    The Sevilla Commitment’s call on developed countries to double their aid dedicated to domestic resource mobilization to support this.
     
    Multilateral and national development banks must unite to finance major investments. 
     
    This includes tripling the lending capacity of Multilateral Development Banks — and rechanneling Special Drawing Rights that can unlock lending capacity and help developing countries boost investment.
     
    We also need innovative funding solutions to unlock private capital.
     
    Solutions that mitigate currency risks;
     
    That combine public and private finance more effectively, and ensure the risks and rewards of development projects are shared by both the public and the private sectors; 
     
    And that ensure financial regulations assess risk appropriately and support investments in frontier markets.
     
    Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.
     
    With annual debt service at $1.4 trillion, countries need — and deserve — a system that lowers borrowing costs, enables fair and timely debt-restructuring, and prevents debt crises in the first place.
     
    The Sevilla Commitment lays the groundwork:  
     
    With other aspects, by also creating a single debt registry for transparency, and promoting responsible lending and borrowing;
     
    By lowering the cost of capital through debt swaps and debt management support;
     
    And through debt service pauses in times of emergency.    
     
    And third — we must increase the participation of developing countries in the institutions of the global financial architecture. The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world. 

    A new borrowers forum will give voice to borrowers for fairer debt resolution and to foster transparency, shared learning and coordinated debt action.
     
    And we need a fairer global tax system shaped by all, not just by a few.
     
    Excellences, Mesdames et Messieurs,
     
    Cette conférence n’est pas une affaire de charité.
     
    Il s’agit de rétablir la justice – et de permettre à chacun de vivre dans la dignité.
     
    Cette conférence n’est pas une affaire d’argent.
     
    Il s’agit d’investir dans l’avenir que nous voulons construire – ensemble.
     
    Merci – à toutes et à tous – de participer à cet effort essentiel et ambitieux.
     

    ****

    DECLARACIONES DEL SECRETARIO GENERAL
    CON OCASIÓN DE LA INAUGURACIÓN DE LA CUARTA CONFERENCIA SOBRE LA FINANCIACIÓN PARA EL DESARROLLO

    Majestades,

    Excelencias, señoras y señores:

    Agradezco al Gobierno y al pueblo de España por su cálida acogida en Sevilla para esta importante conferencia.

    Durante décadas, la misión del desarrollo sostenible ha unido a países grandes y pequeños, desarrollados y en desarrollo.

    Juntos, hemos logrado avances.

    Reduciendo la pobreza y el hambre en el mundo.

    Salvando vidas con sistemas sanitarios más sólidos.

    Llevando más niños a la escuela.
            
    Ampliando las oportunidades para mujeres y niñas.

    Y fortaleciendo las redes de seguridad social.

    Pero hoy, el desarrollo y su gran impulsor – la cooperación internacional –enfrentan fortísimos vientos en contra.

    Vivimos en un mundo donde la confianza se está desmoronando y el multilateralismo está bajo tensión.

    Un mundo con una economía en desaceleración, tensiones comerciales crecientes y presupuestos de ayuda diezmados.

    Un mundo sacudido por desigualdades, caos climático y conflictos devastadores.

    El vínculo entre paz y desarrollo es evidente.

    Nueve de los diez países con los Indicadores de Desarrollo Humano más bajos se encuentran actualmente en situación de conflicto.

    Excelencias,

    La financiación es el motor del desarrollo.

    Y, ahora mismo, ese motor se está ahogando.

    Mientras nos reunimos, la Agenda 2030 para el Desarrollo Sostenible – nuestra promesa global de transformar nuestro mundo para lograr un futuro mejor y más justo – está en peligro.

    Dos tercios de las metas de los Objetivos de Desarrollo Sostenible están rezagadas.

    Alcanzarlos requiere una inversión de más de 4 billones de dólares al año.

    Pero no se trata sólo de una crisis de cifras.

    Es una crisis de personas.

    De familias que pasan hambre.

    De niños que no reciben vacunas.

    De niñas obligadas a abandonar la escuela.

    Estamos aquí en Sevilla para cambiar el rumbo.

    Para reparar y poner en marcha el motor del desarrollo y acelerar la inversión a la escala y velocidad necesarias.

    Y restaurar equidad y justicia – para todas y todos.

    Excelencias:

    El documento del Compromiso de Sevilla es una clara promesa global de reparar la forma en que el mundo apoya a los países que suben la escalera del desarrollo.

    Veo tres esferas de acción.

    En primer lugar, tenemos que hacer fluir los recursos. Rápido.

    Los países deben dirigir el proceso movilizando recursos nacionales e invirtiendo en las esferas de mayor impacto: escuelas, atención sanitaria, protección social, trabajo decente y energía renovable.

    Para favorecer estas inversiones es necesario reforzar los sistemas tributarios y combatir los flujos financieros ilícitos y la evasión fiscal.

    Y ayudar a los países en desarrollo a que puedan dedicar una mayor parte de sus ingresos tributarios a los sistemas que necesitan las personas.

    El llamamiento del Compromiso de Sevilla a los países desarrollados para que dupliquen la ayuda dedicada a la movilización de recursos nacionales para servir de apoyo.

    Los bancos multilaterales y nacionales de desarrollo deben unirse para financiar grandes inversiones. 

    Para ello, hay que triplicar la capacidad de préstamo de los bancos multilaterales de desarrollo y reorientar los derechos especiales de giro para aumentar la capacidad de préstamo y ayudar a los países en desarrollo a impulsar la inversión.

    También necesitamos soluciones de financiación innovadora para facilitar el capital privado: 

    Que mitiguen los riesgos cambiarios;

    Que combinen más eficazmente la financiación pública y privada, y garanticen que los riesgos y las recompensas de los proyectos de desarrollo sean compartidos por el sector público y el sector privado; 

    Y que garanticen que la reglamentación financiera evalúa los riesgos adecuadamente y apoya las inversiones en mercados frontera.

    En segundo lugar, debemos reparar el sistema mundial de la deuda, que es insostenible, injusto e inasequible.

    Con un servicio de la deuda que asciende a 1,4 billones de dólares al año, los países necesitan — y merecen — un sistema que abarate el costo del endeudamiento, facilite la reestructuración justa y oportuna de la deuda, y prevenga las crisis de deuda en primer lugar.

    El Compromiso de Sevilla sienta las bases:  

    Con otros factores, creando también un registro único de la deuda en aras de la transparencia, y promoviendo prácticas responsables de préstamo y endeudamiento;

    Reduciendo el costo del capital mediante canjes de deuda y el apoyo a la gestión de la deuda;

    Y suspendiendo el servicio de la deuda en épocas de emergencia.    

    Y en tercer lugar debemos incrementar la participación de los países en desarrollo en las instituciones de la arquitectura financiera global. Los principales accionistas tienen un papel que desempeñar al reconocer la importancia de corregir las injusticias y adaptarse a un mundo cambiante.

    Las partes principales deben apoyar reformas que les den una voz más potente.

    Un foro de prestatarios puede fomentar el aprendizaje común y la acción coordinada en materia de deuda. 

    Un nuevo foro de prestatarios dará voz a los prestatarios para una resolución de la deuda más justa y puede fomentar el aprendizaje compartido y la acción coordinada en materia de deuda.

    Y necesitamos un sistema tributario mundial más justo, conformado por todos, no solo por unos pocos.

    Excelencias, señoras y señores:

    Esta conferencia no trata de caridad.

    Trata de restablecer la justicia y permitir que todos vivan con dignidad.

    Esta conferencia no trata de dinero.

    Trata de invertir en el futuro que queremos construir, juntos.

    Gracias a todos por participar en este importante y ambicioso esfuerzo.
     

    ******

    THE SECRETARY-GENERAL
    REMARKS AT THE OPENING OF THE 4TH FINANCING FOR DEVELOPMENT CONFERENCE

    Your Majesties,

    Excellencies, ladies and gentlemen,

    I thank the Government and people of Spain for welcoming us to Sevilla for this important conference.

    For decades, the mission of sustainable development has united countries large and small, developed and developing.

    Together, we achieved progress.

    Reducing global poverty and hunger.

    Saving lives with stronger health care systems.

    Getting more children into school.
                                        
    Expanding opportunities for women and girls.

    And strengthening social safety nets.

    But today, development and its great enabler — international cooperation — are facing massive headwinds.

    We are living in a world where trust is fraying and multilateralism is strained.

    A world with a slowing economy, rising trade tensions, and decimated aid budgets.

    A world shaken by inequalities, climate chaos and raging conflicts. 

    The link between peace and development is clear.

    Nine of the ten countries with the lowest Human Development Indicators are currently in a state of conflict. 

    Excellencies,

    Financing is the engine of development.

    And right now, this engine is sputtering.

    As we meet, the 2030 Agenda for Sustainable Development — our global promise to transform our world for a better, fairer future — is in danger.

    Two-thirds of the Sustainable Development Goals targets are lagging.

    Achieving them requires an investment of more than $4 trillion a year.

    But this is not just a crisis of numbers. 

    It’s a crisis of people.

    Of families going hungry.

    Of children going unvaccinated.

    Of girls forced to drop out of school.

    We are here in Sevilla to change course.
     
    To repair and rev up the engine of development to accelerate investment at the scale and speed required.

    And to restore a measure of fairness and justice for all.

    Excellencies,

    The Sevilla Commitment document is a global promise to fix how the world supports countries as they climb the development ladder.

    I see three areas of action.

    First — we must get resources flowing. Fast.  

    Countries must lead by mobilizing domestic resources and investing in areas of greatest impact: schools, health care, social protection, decent work, and renewable energy.

    Unlocking these investments requires strengthening tax systems, and tackling illicit financial flows and tax evasion.

    And helping developing countries dedicate a greater share of their tax revenues to the systems people need.

    The Sevilla Commitment’s call on developed countries to double their aid dedicated to domestic resource mobilization to support this. 

    Multilateral and national development banks must unite to finance major investments. 

    This includes tripling the lending capacity of Multilateral Development Banks — and rechanneling Special Drawing Rights that can unlock lending capacity and help developing countries boost investment.

    We also need innovative funding solutions to unlock private capital.  

    Solutions that mitigate currency risks;

    That combine public and private finance more effectively, and ensure the risks and rewards of development projects are shared by both the public and private sectors; 

    And that ensure financial regulations assess risk appropriately and support investments in frontier markets.

    Second — we must fix the global debt system which is unsustainable, unfair and unaffordable.

    With annual debt service at $1.4 trillion, countries need — and deserve — a system that lowers borrowing costs, enables fair and timely debt-restructuring, and prevents debt crises in the first place.

    The Sevilla Commitment lays the groundwork:  

    With other aspects, by also creating a single debt registry for transparency, and promoting responsible lending and borrowing;

    By lowering the cost of capital through debt swaps and debt management support;

    And through debt service pauses in times of emergency.    

    And third — we must increase the participation of developing countries in the institutions of the global financial architecture. The present major shareholders have a role to play recognizing the importance of correcting injustices and adapting to a changing world. 

    A new borrowers forum will give voice to borrowers for fairer debt resolution and can foster transparency, shared learning and coordinated debt action.

    And we need a fairer global tax system shaped by all, not just a few.

    Excellencies, ladies and gentlemen,

    This conference is not about charity.

    It’s about restoring justice and lives of dignity.

    This conference is not about money.

    It’s about investing in the future we want to build, together.

    Thank you all for being part of this important and ambitious effort.
     

    MIL OSI United Nations News –

    June 30, 2025
  • MIL-OSI Security: INTERPOL releases new information on globalization of scam centres

    Source: Interpol (news and events)

    • Victims have been trafficked into criminality from more than 60 countries around the world
    • West Africa is emerging as a potential regional hub for online scam centres

    LYON, France: Human trafficking-fueled scam centres have expanded their global footprint, according to a new crime trend update released by INTERPOL.

    As of March 2025, victims from 66 countries were trafficked into online scam centres, with no continent left untouched.

    Seventy-four percent of human trafficking victims were brought to centres in the original ‘hub’ region of Southeast Asia, according to analysis of the crime trend using data from relevant INTERPOL Notices issued in the past five years.

    However, online scam centres have increasingly been observed in other regions, including the Middle East, West Africa – which could be developing into a new regional hub – and Central America.

    While approximately 90 percent of human trafficking facilitators were from Asia, 11 per cent were from South America or Africa.

    Eighty per cent of facilitators were men, and 61 per cent were aged between 20 and 39 years old.

    Global crisis

    Initially concentrated in a handful of Southeast Asian countries, the centres are estimated to have drawn in hundreds of thousands of human trafficking victims, typically through false job ads, detaining them in compounds and forcing them to carry out online social engineering scams.

    While not every person committing fraud in a scam centre is a victim of human trafficking, those held against their will are often subject to extortion through debt bondage, as well as beatings, sexual exploitation, torture and rape.

    Online scams engineered by the centres target a second set of globally-dispersed victims, who often suffer debilitating financial and emotional damage.

    Since 2023, INTERPOL has documented how this double-edged crime trend has evolved from a regional threat in Southeast Asia to a global crisis, issuing an Orange Notice to signal its serious and imminent threat to public safety.

    In 2024, a global operation coordinated by INTERPOL uncovered dozens of cases in which trafficking victims were deceived and coerced into committing fraud, with national police officers raiding an industrial-scale scam centre in the Philippines.

    In the same year, an INTERPOL operation saw police dismantle a scam centre in Namibia, where 88 youths were forced to conduct scams.

    Growing use of AI

    The INTERPOL update also highlights how emerging technologies and convergence with other major crime areas could transform human trafficking-fueled scam centres as the crime trend continues to evolve.

    The use of artificial intelligence has been observed in a growing number of scamming cases.

    AI has been used to develop convincing fake job ads that attract human trafficking victims as well as generate online photos or profiles through ‘deepfake’ technology for sextortion and romance scams, among other social engineering schemes.

    Moreover, reports analysed by INTERPOL show that the same routes used to traffic victims to scam centres can be used to traffic drugs, firearms and protected wildlife species.

    The areas where scam centres have emerged in Southeast Asia are also key hubs for the trafficking of endangered species such as tigers or pangolins, making criminal diversification likely.

    Cyril Gout, Acting Executive Director of Police Services at INTERPOL, said:

    “The reach of online scam centres spans the globe and represents a dynamic and persistent global challenge.”

    “Tackling this rapidly globalizing threat requires a coordinated international response. We must increase the exchange of information between law enforcement in the growing number of countries affected and strengthen partnerships with NGOs that help victims and technology companies whose platforms are being exploited.”

    MIL Security OSI –

    June 30, 2025
  • MIL-OSI Banking: World Chambers Federation announces new leadership for 2025–2028

    Source: International Chamber of Commerce

    Headline: World Chambers Federation announces new leadership for 2025–2028

    Mr. Marcelo Elizondo Secretary and Member of the Board, Argentine Chamber of Commerce and Services (Argentina) Mr. Andrew McKellar CEO, Australian Chamber of Commerce and Industry (Australia) Mr. Atef Al Khaja CEO, Bahrain Chamber of Commerce and Industry (Bahrain)   Mr. Tom Laveren CEO, Voka Chamber of Commerce Mechelen-Kempen (Belgium)   Mr. Jean Pierre Antelo President, CAINCO (Bolivia) Ms. Maria Bustamante President, FIESC Chamber of Foreign Trade (Brazil)  Mr. Daniel Campos Caramori Vice-President, Canadian Chamber of Commerce (Canada)  Mr. José Ovidio Claros Polanco President, Bogota Chamber of Commerce (Colombia)  Ms. Rim Siam President of the Economic Business Women Council, Alexandria Chamber of Commerce (Egypt)   Ms. Leticia Escobar President, Chamber of Commerce and Industry of El Salvador (El Salvador)  Mr. Giorgi Pertaia President, Georgian Chamber of Commerce and Industry (Georgia)  Mr. Volker Treier Chief Executive of Foreign Trade and Board Member, German Chamber of Commerce and Industry (Germany)   Mr. Ashish Vaid Past President, IMC Chamber of Commerce and Industry (India)  Mr. Mohammad Khazaee Torshizi Senior Advisor to the President, Iran Chamber of Commerce, Industries, Mines and Agriculture (Iran) Ms. Gilit Rubinstein CEO, Federation of Israeli Chambers of Commerce (Israel)  Mr. Dario Gallina Past President, Torino Chamber of Commerce (Italy)  Mr. Aigars Rostovskis President, Latvian Chamber of Commerce and Industry (Latvia)   Mr. Katsuya Igarashi Executive Director, Japan Chamber of Commerce and Industry (Japan)  Dr. Erick Rutto President, Kenya National Chamber of Commerce and Industry (Kenya)  Mr. Rabih Sabra Director General, Chamber of Commerce, Industry and Agriculture of Beirut and Mount Lebanon (Lebanon)   Ms. Charlotte Parkhill Chair, Auckland Business Chamber (New Zealand)   Mr. Gabriel Idahosa President, Lagos Chamber of Commerce and Industry (Nigeria)  Mr. Trajan Angeloski President, Macedonian Chamber of Commerce (North Macedonia)  Ms. Tamader Al Thani Director of International Relations and Chamber Affairs, Qatar Chamber of Commerce and Industry (Qatar)  Mr. Ovidiu Ioan Silaghi Secretary General, Chamber of Commerce and Industry of Romania (Romania)  Mr. Marko Cadez President, Chamber of Commerce and Industry of Serbia (Serbia)   Ms. Melanie Veness CEO and Chairperson, PMCB and Association of South African Chambers (South Africa)  Mr. Seong Woo Lee Vice-President, Korea Chamber of Commerce and Industry (South Korea)  Mr. Adolfo Díaz-Ambrona Secretary General, Spain Chamber of Commerce (Spain)  Mr. Izzet Volkan Chairman of the Board, Corlu Chamber of Commerce and Industry (Türkiye)  Mr. Salem Al Shamsi Vice-President for International Relations, Dubai Chambers (United Arab Emirates)   Mr. Gennadiy Chyzhykov President, Ukrainian Chamber of Commerce (Ukraine)  Mr. Ahmed M. El Wakil President, Association of the Mediterranean Chambers of Commerce and Industry (ASCAME) (Transnational)  Mr. Yousef Khalawi Secretary General, Islamic Chamber of Commerce and Development (Transnational)  Mr. Natalio Mario Grinman President, Ibero-American Association of Chambers of Commerce (AICO) (Transnational)  Mr. Peter McMullin President, Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) (Transnational)  Mr. Ben Butters CEO, Eurochambres (Transnational)  Dr. Khaled Hanafy Secretary General, Union of Arab Chambers (Transnational) 

    MIL OSI Global Banks –

    June 30, 2025
  • MIL-OSI United Kingdom: Plymouth Armed Forces Week 2025 proves to be a huge success.

    Source: City of Plymouth

    Visitors and residents turned up in their thousands to show respect to our Service Personnel past and present in a week-long celebration in Plymouth which culminated in the spectacular Armed Forces Day – in association with international defence company Babcock International Group (Babcock), on Saturday 28 June. For a city with a proud military history, this was a real opportunity to come together and celebrate.

    On Monday 23 June, the week opened with an official ceremonial raising of the Armed Forces flag outside Plymouth Guildhall, which was attended by the Lord Mayor of Plymouth, Councillor Kathy Watkin and Captain Iain Ritchie representing the Naval Base Commander, alongside other military and civic leaders.

    The sun shone for the participants and spectators of the Strength of Spirit Games Rehabilitation Triathlon, hosted by the Royal Navy, sponsored by AECOM and Defence Recovery. The city welcomed over 150 Service Personnel in recovery and medically discharged veterans, who took part in the swim, bike and row events with an international team from the Netherlands, taking full advantage of the newly refurbished art-deco Tinside Lido and the view over Plymouth Hoe.

    The Plymouth School Sports Partnership Junior Rowing Challenge, sponsored by AECOM took place for the second year, with 150 children from military families, representing 24 local primary schools, competing on the Hoe. Thank you to our sponsors and delivery partners South West Highways, Plymouth Active Leisure and Samworth Brothers Cornwall for their support.

    Congratulations to all participants who took part in the Strength of Spirit Games. Plympton St. Maurice Primary were the overall winning team at The Plymouth School Sports Partnership Junior Rowing Challenge.

    Darren Carlile, Head of National Security UK&I AECOM, said: “The Strength of Spirit Games and Junior Rowing Competition brought together exceptional individuals, each demonstrating remarkable resilience, determination and character. From the enthusiasm of the junior participants to the inspiring strength of veterans, it was great to see such memorable moments. Congratulations to all who took part.”

    Plymouth Armed Forces Day took place on Saturday with a full day’s programme incorporating, displays, parades, demonstrations, and entertainment culminating in an evening concert. It was a wonderful opportunity to recognise and celebrate the contributions of the Armed Forces both past and present.

    Cabinet Member for Community Safety, Libraries, Events, Cemeteries and Crematoria, Councillor Sally Haydon, said: “The week-long Armed Forces celebration in Plymouth is not only an opportunity to see inspirational athletes and enjoy a family-fun day of thrilling demonstrations, interactive displays and entertainment, but also a hugely important week to show our support to the Armed Forces community and to thank them for the great work they do”.

    Visitors from far and wide came to explore the military villages and enjoyed tackling some of the hands-on challenges and climbing on-board the vehicles and equipment, including the Royal Marines Raiding Craft and the Army’s weapon displays. There were dynamic displays from the Royal Navy including the battlefield ambulance and dive tank whilst, the RAF recruitment team chatted to visitors about career opportunities and the Cadets were running desk-top simulators for visitors to try.

    John Gane, Site Managing Director at Babcock’s Devonport facility, said: “Hosting this military showcase annually in Plymouth provides an excellent opportunity for the community to learn more about the critical role that our Armed Forces play in keeping our country safe – something Babcock is proud to support. This year’s events attracted more visitors than ever before, and we were pleased to welcome so many visitors to our busy stand on Armed Forces Day.”

    One of the many highlights included the Merlin Mk4 helicopter which commanded a steady flow of visitors throughout the day chatting to the air crew and engineers.

    The Emergency Services had an array of displays and equipment to explore, including the Fire Service, Police, Dartmoor Search and Rescue Team Plymouth, RNLI and Coastguard Search and Rescue. They all had teams on-hand to offer advice and explain how and when they use their emergency equipment.

    The Veterans Village, supported by the Royal British Legion Devon County, saw a continuous stream of visitors to the 100+ charities and organisations offering information, support and advice, for both serving military personnel and veterans. For the car enthusiast there were plenty of vintage military vehicles to admire, plus a display from City West Country and Ocean BMW Motorbikes.

    Families loved the arena programme with the Parade of Standards, led by the City of Plymouth Pipe Band and thrilling demonstrations from Team Endeavours Punishers Wheelchair Rugby, plus REORG Ju Jitsu who were new to the event and wowed the crowds with their exciting demonstration.  There were Cadet parades and bands and live music, including the Theatre Royal’s Plymouth’s Armed Forces Choir.

    Congratulations to Pennycross Primary School for breaking the fastest time world record at the Junior Field Gun tournament, which ran throughout the day. They were presented the silver trophy by Vice Admiral, Andrew Burns, Fleet Commander of the Royal Navy, and they also won the points cup!

    ​

    The day finished with a lively free evening concert, sponsored by C&G Catering, which included a line-up of brilliant performances where the crowds danced and sang a-long to, with the stunning backdrop of Plymouth Sound National Marine Park.

    Thank you to our Armed Forces Day sponsors and delivery partners, Babcock International, Royal British Legion Devon County, C&G Catering, Foster for Plymouth, South West Highways, Plymouth CityBus, and Ivor Dewdney Pasties for their support.

    To watch the video from Armed Forces Day, and for more information, visit: plymoutharmedforcesday.co.uk. For further information about Babcock International, visit: babcockinternational.com

    For more information about other events taking place in the city, visit: visitplymouth.co.uk

    MIL OSI United Kingdom –

    June 30, 2025
  • MIL-OSI United Kingdom: Explore Kilmocholmóg’s ancient past at archaeology open day

    Source: Northern Ireland City of Armagh

    Step into the past on Saturday 5 July 2025 at the Kilmocholmóg archaeology open day in Lurgan and uncover the secrets of an early medieval settlement right beneath your feet.

    Craigavon Historical Society is hosting this unique event at Kilmocholmóg (meaning ‘church of my little Colman’) with support from Armagh City, Banbridge and Craigavon Borough Council’s Lurgan Townscape Heritage scheme.

    Over the past couple of weeks, hundreds of community volunteers and school children have joined a team from the Northern Archaeological Consultancy to uncover the remains of an early medieval settlement (400-1100 AD).

    With the dig finishing this week, members of the local community are invited to come along to the site, located just off Kilmore Road, to find out the results of the excavation, meet the team of archaeologists involved in the dig and get up close to the fascinating finds unearthed including an array of prehistoric flint, glass beads, early medieval ceramics, and post-medieval pottery and glassware.

    This event, which has been made possible thanks to the support of The National Lottery Heritage Fund, will also feature a range of heritage-themed activities from site tours to ground radar survey demonstrations, blacksmithing, weaving and artefact handling – guaranteed to keep all the family entertained!

    Those interested in attending the open day and learning about the area’s ancient past can choose one of two sessions: 10.30am to 12.30pm or 1.30pm to 3.30pm. Places can be booked at www.eventbrite.com/e/1435053376279

    Parking at the Kilmocholmóg site is located in a field next to a private residence at 96 Kilmore Road, Lurgan, BT67 9LW and is accessible by a single-track lane. It is recommended that visitors arrive on time for their session to ensure the traffic flow remains uninterrupted along this route.

    To find out more about this event, contact David Weir at

    *protected email*

    MIL OSI United Kingdom –

    June 30, 2025
  • MIL-OSI United Kingdom: Night to remember as gallery’s goddess is conserved

    Source: City of Leeds

    A breath-taking, life-sized artwork depicting its painter’s wife as a beautiful goddess has gone on display after being delicately conserved by experts at Leeds Art Gallery.

    The romantic tribute Goddess of Night, by artist Quentin Bell is part of a new exhibition exploring different portrayals of women over the past 400 years, after it was the subject of a careful restoration project by specialist paper conservator James Caverhill.

    Separating the fragile piece from its backing, James began the painstaking process of repairing a split which had occurred in the brittle paper over many years.

    Drawn in astonishing detail on fragile material, the remarkable piece is one of a pair, with its companion Goddess of Day – also part of the gallery’s collection – having been generously gifted last year by Vanda Walton.

    Both pieces are now proudly on display in the gallery as part of its current Portrayals of Women exhibition, which explores how women have been portrayed from the 17th century to the present day.

    Bell was the nephew of Virginia Woolf, as well as a renowned ceramicist and former professor of fine art at The University of Leeds. He based both artworks on his beloved wife Anne Olivier Bell, known as Olivier, completing the captivating portraits in the early years of their marriage.

    Olivier, a distinguished art expert herself, met her future husband during a study trip to Paris in 1937 where he painted her for the first time.

    In 1945, she worked for the Monuments, Fine Arts and Archives Branch of the Control Commission for Germany, one of the so-called ‘Monuments Men’ featured in the 2014 film starring George Clooney.

    She was also one of the first members of the Arts Council, a role which included escorting paintings from Munich’s Alte Pinakothek on goods trains across Germany for display at the National Gallery in London.

    Both Goddess of Day and Goddess of Night hung in the couple’s Sussex home for many years until 1980, when Bell gifted both paintings to his friend and colleague Peter Walton, Vanda’s late husband.

    The works, which were cherished and well cared for, remained in Peter and Vanda’s home until last year when they were generously donated to the gallery.

    Kirsty Young, Leeds Art Gallery’s assistant curator of fine art, said: “Both these works by Bell have a unique and timeless beauty, even more so because of the personal story behind them and the powerful emotional connection the artist clearly had with his subject.

    “Bell’s works frequently reference classical mythology and these works that have a strong architectural quality to them are a perfect reflection of this.

    “In various mythologies, day and night are personified as female deities that control the cycle of light and darkness. These portrayals often highlight female power, beauty, wisdom and influence. The figures here are clearly identifiable through the symbolic items they are holding.

    “The nature of works on paper means that over time, they can be subject to this kind of deterioration as the paper can become very brittle, so we’re extremely fortunate to have James’s expertise in conserving Goddess of Night in readiness for display.

    “Bell painted Olivier a number of times through his career, and as well as being a companion in life, she was clearly also a huge inspiration to him artistically, so we’re looking forward to sharing their story with visitors through these stunning artworks.”

    Bell’s works are part of Leeds Art Gallery’s impressive fine art collection which is designated as being of national and international importance. The collection of works on paper is one of the finest in Britain and consists of over 10,000 items dating from 1450 to the present day.

    The Portrayals of Women exhibition brings together a range of artworks from Leeds Art Gallery’s nationally renowned works on paper collection. It features a selection of works including historic pieces by Ottavio Leoni and Rembrandt Harmenszoon van Rijn, to recent acquisitions by contemporary artists Skye Davies and SHARP

    Councillor Salma Arif, Leeds City Council’s executive member for adult social care, active lifestyles and culture, said: “The opportunity to learn about and be inspired by stunning artworks like this is exactly why our gallery and its incredible collection are so important to life and culture in Leeds.

    “Preserving and conserving these works means that future generations will also be able to learn about them and their fascinating stories for many years to come.”

    Jane Bhoyroo, principal keeper at Leeds Art Gallery added:  “We are very grateful for this recent gift which enables us to continue to grow the city’s outstanding collection. We look forward to sharing this remarkable work with our audiences”.

    For more details about Leeds Art Gallery’s Portrayals of Women exhibition, please visit: Portrayals of Women | Leeds Museums and Galleries | Days out and exhibitions

    ENDS

    MIL OSI United Kingdom –

    June 30, 2025
  • MIL-OSI United Kingdom: E3 Foreign Ministers’ statement: 30 June 2025

    Source: United Kingdom – Executive Government & Departments 3

    News story

    E3 Foreign Ministers’ statement: 30 June 2025

    Joint statement by the Foreign Ministers of France, Germany and the UK on the International Atomic Energy Agency (IAEA)

    France, Germany and the United Kingdom condemn threats within Iran against the Director General of the IAEA Rafael Grossi and reiterate our full support to the Agency and the DG in carrying out their mandate.

    We call on Iranian authorities to refrain from any steps to cease cooperation with the IAEA.

    We urge Iran to immediately resume full cooperation in line with its legally binding obligations, and to take all necessary steps to ensure the safety and security of IAEA personnel.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

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

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    Updates to this page

    Published 30 June 2025

    MIL OSI United Kingdom –

    June 30, 2025
  • MIL-OSI Video: Opening & 1st Plenary- 4th International Conference on Financing for Development FFD4 Sevilla, Spain

    Source: United Nations (video statements)

    The 4th International Conference on Financing for Development (FFD4) will be held in Sevilla, Spain, from 30 June to 3 July 2025. The Conference will bring together global leaders and key stakeholders to accelerate action and partnerships to finance sustainable development and achieve the SDGs. The opening will mark the official launch of the Conference and set the tone for a week of high-level engagement and dialogue.

    The opening of the FFD4 Conference will feature statements by high-level dignitaries including Pedro Sánchez, President of the Conference and the President of the Government of Spain; António Guterres, Secretary-General of the United Nations; Philemon Yang, President of the UN General Assembly; Bob Rae, President of ECOSOC; Ajay Banga, President of the World Bank Group; Ngozi Okonjo-Iweala, Director-General of the WTO; and Li Junhua, Secretary-General of the Conference and a Representative of the International Monetary Fund. Following the opening remarks, the Conference will address key procedural matters. The opeing statments will be followed a general debate and statements by Heads of State or Government, ministers, and heads of delegation, setting the stage for a week of high-level discussions on mobilizing financing for the SDGs.

    More info: https://financing.desa.un.org/FFD4

    To watch all other events from FF4D in all languages, visit: https://webtv.un.org/en/search/categories/meetings-events/conferences/international-conference-financing-development/fourth-session

    https://www.youtube.com/watch?v=G03SASjftAE

    MIL OSI Video –

    June 30, 2025
  • Nirmala Sitharaman embarks on official visit to Spain, Portugal, and Brazil for high-level multilateral engagements

    Source: Government of India

    Source: Government of India (4)

    Union Finance and Corporate Affairs Minister Nirmala Sitharaman embarked on an official six-day visit to Spain, Portugal, and Brazil on Monday.

    Leading a delegation from the Department of Economic Affairs, Ministry of Finance, Sitharaman is set to participate in a series of high-level multilateral and bilateral engagements during the visit, which runs from June 30 to July 5, the Ministry of Finance said in a statement.

    During her visit to Seville, Spain, the Finance Minister will represent India at the 4th International Conference on Financing for Development (FFD4), organised by the United Nations. She is scheduled to deliver India’s national statement at the conference, reaffirming India’s commitment to sustainable development and inclusive growth.

    In addition, Sitharaman will deliver the keynote address at the International Business Forum Leadership Summit, themed “From FFD4 Outcome to Implementation: Unlocking the Potential of Private Capital for Sustainable Development.” Her engagements in Spain will also include bilateral meetings with senior ministers from Germany, Peru, and New Zealand, as well as discussions with the President of the European Investment Bank (EIB).

    Following her engagements in Spain, the Finance Minister will travel to Lisbon, Portugal, where she is expected to meet with her Portuguese counterpart for bilateral discussions. She will also engage with prominent investors and members of the Indian diaspora to deepen economic and cultural ties between India and Portugal.

    The final leg of her visit will take place in Rio de Janeiro, Brazil. There, Sitharaman will represent India at the 10th Annual Meeting of the New Development Bank (NDB), where she serves as India’s Governor. She will also attend the first BRICS Finance Ministers and Central Bank Governors Meeting (FMCBG), reinforcing India’s active role in shaping the economic agenda of the BRICS bloc.

    As part of the NDB’s flagship event, the Finance Minister will speak at the Governors Seminar on “Building a Premier Multilateral Development Bank for the Global South,” highlighting India’s vision for inclusive financial institutions. She is also scheduled to hold bilateral meetings on the sidelines with her counterparts from Brazil, China, Indonesia, and Russia, focusing on key areas of mutual economic interest and multilateral cooperation.

    June 30, 2025
  • MIL-OSI: Nokia signs revolving credit facility with its pricing mechanism linked to the company’s sustainability targets

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia signs revolving credit facility with its pricing mechanism linked to the company’s sustainability targets

    • Nokia’s financing strategy maintains steadfast link with its sustainability strategy with EUR 1.5 billion multicurrency revolving credit facility.
    • New facility builds on previous work in this area including sustainability-linked guarantee facility and sustainable finance framework.
    • Pricing mechanism linked to reduction of Nokia’s Scope 1, 2 and 3 greenhouse gas emissions.

    26 June 2025
    Espoo, Finland – Nokia announced today the recent signing of a EUR 1.5 billion five-year multicurrency revolving credit facility (“RCF”) with two one-year extension options, and continues with a sustainability pricing mechanism linking the margin of the RCF to two key RCF sustainability targets outlined below. The margin of the RCF will increase or decrease depending on Nokia’s progress towards reaching these targets. The new RCF will replace the EUR 1,412 million RCF agreement dated 18 June 2019.

    Nokia’s key RCF sustainability targets include annual target observation periods and dates, with RCF pricing adjustments impacting the following year:
    Reduction of absolute Scope 1 and 2 greenhouse gas emissions (“GHG”)
    Reduction of absolute Scope 3 GHG emissions.

    Nokia’s financing strategy is linked to its sustainability strategy and today’s announcement builds on previous sustainable finance activities. These activities include linking the margin of Nokia’s revolving credit facility to Nokia’s sustainability targets in 2019, Nokia’s first sustainability-linked guarantee facility in 2022, as well as the launch of Nokia’s sustainable finance framework in 2023.

    Nokia is committed to reducing its Scope 1, 2 and 3 GHG emissions. Nokia has a Net-Zero target of 2040 which is approved by the Science Based Targets initiative (SBTi), ensuring that Nokia’s greenhouse gas emissions targets and paths towards those targets are independently validated.

    Further information on the detailed operational approach Nokia has taken to reducing GHG emissions can be found in the Net-Zero climate transition plan detailing Nokia’s commitments and targets as well as the actions being taken to decarbonize in selected scopes. In March 2025, Nokia published its 2024 Annual Sustainability Statement, prepared for the first time in accordance with the provisions of the newly applicable EU Corporate Sustainability Reporting Directive and with the requirements of the European Sustainability Reporting Standards.

    “We’re delighted with the strong support and commitment from our key banking partners in this refinancing transaction that connects our financing strategy with our sustainability priorities,” said Marco Wirén, Chief Financial Officer, Nokia.

    “Nokia’s sustainability approach is centered on protecting and creating value for our company, and our stakeholders. We are committed to our climate transition plan, which is built to deliver efficiency and innovations in our value chain. Continuing to link the pricing of the revolving credit facility to our science-based climate goals is a strong step forward demonstrating our commitment to our sustainability targets,” said Subho Mukherjee, Vice President of Sustainability, Nokia.

    Resources and additional information
    Web Page: Nokia Sustainability
    Web Page: Nokia’s journey to Net-Zero
    Statement: Sustainability Statement

    About Nokia                         
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Press Office
    Email: press.services@nokia.com

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    The MIL Network –

    June 30, 2025
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