Category: Politics

  • MIL-OSI United Kingdom: Minister for European Union Relations’ Lecture at the Conference on Baltic Studies in Europe

    Source: United Kingdom – Executive Government & Departments

    Speech

    Minister for European Union Relations’ Lecture at the Conference on Baltic Studies in Europe

    A lecture delivered by the Minister for European Union Relations, The Rt Hon Nick Thomas-Symonds, at the Conference on Baltic Studies in Europe, University of Cambridge

    Introduction

    It’s a pleasure to be here with you all. Before I begin, I would like to thank the Association for the Advancement of Baltic Studies for hosting this important conference.

    I would also like to thank my friend Charles Clarke, not only for the invitation to speak here today.

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    As part of that career, his time as Home Secretary, he had to deal daily with the implications of a complex and dangerous world, encapsulated by the heinous 7/7 attacks.

    While the nature of the threats our country faces have evolved since then – we know that the threats to our security, our economy and way of life are as pronounced now as they have been at any time in post war history.

    And these challenges do not just face the UK – or any one of our allies – alone; we face them, together. Therefore, it is crucial to ask how we can leverage our longstanding international relationships – and build upon them – to face these challenges together.

    The United Kingdom and the Baltic States enjoy an alliance built on shared values, on open trade, on a strategic, robust approach to defence.

    We respect one another, and it is through this respect that we work alongside each other – whether directly or through international organisations – to the benefit of our societies.

    Our citizens not only celebrate freedoms, but also realise that they are hard won and must be defended.

    I believe that – through the UK’s mission to go beyond the status quo with the European Union and grow our strategic alliance with our biggest trading partner – we could build on our relationship even further, to make us more prosperous, safer and better defended.

    I should clarify that – in the spirit of this broad alliance – while I will mainly be talking about Estonia, Latvia and Lithuania, I will also be touching on the Baltic Sea States, the other countries that share the same icy waters, including Sweden, Poland and Finland, which I understand follows the remit of this centre.

    Relationship with the Baltics

    Just over a month ago, the Times journalist Oliver Moody gave a talk at this university – at the Centre for Geopolitics – about his book ‘Baltic: The Future of Europe’.

    He spoke about the remarkable journey that the Baltic Sea States have taken over the last century: not just armed conflict, but the push and pull between independence, occupation and independence again.

    Reflecting on where we are now, he said: “This is the most coherent that north-eastern Europe has ever been. You have the Nordic and Baltic States working on a more equal footing than ever before, you have Poland starting to look north, and Germany is getting more involved”. He capped his remarks off by saying that this teamwork would have delighted the former Prime Minister of Estonia – Jaan Tonisson – who campaigned for a Scandinavian Superstate in 1917. Moody said that this cooperation is nothing short of “Jaan Tonisson’s dream, on steroids”.

    That claim is probably for the experts in this room to take a view on, but what is clear is the sheer depth of the shared objectives, opportunities and challenges.

    When you consider the history of these countries, this state of play is all the more remarkable. After all, to study the 20th Century developments of the Baltic States is to study world history. I am proud to say that, in many ways, the United Kingdom has been a positive part of that history, especially with Latvia, Lithuania and Estonia.

    When the British public were rejoicing throughout the UK on Armistice Day in 1918, the Royal Navy had no time to rest, as they started their campaign in the Baltic. They were playing their part to establish an independent Estonia and Latvia, providing weapons, ammunition and much-needed support, where over 100 naval servicemen bravely lost their lives for Baltic independence. In May 2022, the UK and Lithuania agreed a Joint Declaration to mark 100 years of bilateral relations, but it also looked towards the future. It outlined an agreement to boost defence and security collaboration, build closer trade ties, and promote people-to-people links.

    We already start from a strong place, as the UK is a home to many Baltic people – well over 350,000 of them.

    We host Latvia’s largest diaspora, as well as Lithuania’s and Estonian’s largest European diaspora. Our trading relationship is positive, which accounts for over £6bn in goods and services – up from last year. Who would have thought, from just over thirty years of Estonian independence, that there would be an Estonian bank running offices in London, Manchester and Leeds, or an Estonian defence company setting up a production facility for air defence missiles in Wales.

    I greatly admire the spirit, the fortitude and the determination of the Baltic States; they have known what it is to lose their freedom, their independence and – as a result – are embracing its benefits. The Baltic tech sector – for example – has one of the strongest and most innovative ecosystems within Europe, a fact elegantly demonstrated at this year’s Oscars, when a wholly digitally designed film from Latvia won the Best Animated Feature, against long-established studios like the US’s Pixar and the UK’s Aardman Animations.  

    Many Baltic firms are key investors in the UK, and have excelled in areas where others have stumbled, because they have had a clear focus on innovation and progress.

    Indeed, I have deeply appreciated my time with the Baltic Sea States. Last year, in Opposition, I visited Estonia – to meet with various leaders who are working tirelessly to defend their homeland. I was struck not only by the scale of the Russian threat their face – especially in areas like cyber-warfare – but also by their determination to rise to that challenge.

    Also, during a visit to Stockholm, I went to the SAAB Headquarters – who recently announced that they will be supplying the Latvian Government with a short-range ground-based air defence system. We spoke openly about the importance of cross-Europe defence, and they were very grateful for the UK’s renewed focus on European defence, and the Prime Minister’s leadership.

    Ukraine

    This historic collaboration – these well-defined relationships – only adds to our collective strength when we consider countering the complex situation, facing the world reshaped by the Russian invasion of Ukraine.

    Of course, to many of the Baltic Sea States, Russian aggression is nothing new. Indeed, Estonia, Latvia and Lithuania are ardent supporters of the Ukrainian fighters seeking to overcome this illegal Russian invasion. And they have shown this support in many ways – including as key hosts for Ukrainian refugees. According to the U.S. think tank The Wilson Centre, Estonia has hosted approximately 40,000 Ukrainian refugees, Latvia has around 50,000, and Lithuania has issued more than 50,000 visas.  A record of support that the UK also shares, and I am proud of the role my own constituency is playing in hosting Ukrainian families.

    In stepping up to defend the freedoms the UK and Baltic nations enjoy we recognise the hard-won sovereignty and dignity which the Baltic States have worked so hard to secure.

    I know from my own personal experience from meeting those defence officials – many with frontline experience on their border with Russia and Ukraine – that the threat they feel is not theoretical, it is existential. The defence of the Baltic Sea is – unquestionably – as important now as ever. That is why NATO takes this issue so seriously, launching the ‘Baltic Sentry’ mission to increase surveillance of ships crossing those cold waters.

    The UK also takes the security of the Nordic and Baltic states incredibly seriously. It’s why we were so supportive of NATO expansion for Latvia, Lithuania and Estonia – and others – in 2004. As the then UK Prime Minister – and Charles’s former boss – Tony Blair, said these invitations meant “a significant contribution to European security, and secures the place of the new Allies in the Euro-Atlantic community”.

    It’s also why we formed – with our Baltic counterparts and Nordic countries – the Joint Expeditionary Force, set up in 2018. To ensure our commitment to European security and international stability remains strong.

    It was only in November last year that we demonstrated the effectiveness of this Force with ‘Exercise Joint Protector’. More than 300 personnel were deployed to Liepāja in Latvia, and worked with staff in the UK. This – and the many other exercises the Force has undertaken – shows just how ready we and our partners are to respond to crises in the Baltic and Nordic regions.

    Keir visited British troops serving with NATO in December 2023 in Estonia.  There is an incredibly powerful image of him on that trip – standing with our brave troops.  Showing how committed he is to supporting the vital work they do, working with NATO allies to keep this continent safe.

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    The UK and Euro-Atlantic Security

    Here in the UK, we have been unequivocal about the need to bolster security across the European continent. We must look at how we safeguard each other – through our alliances; NATO, the Joint Expeditionary Force and through direct country-to-country connections too.

    We need to work better together on key issues facing our continent’s security. I mean everything – from how we improve our defence capabilities to ensuring we have the technological edge in conflict, how we finance these improvements, to how we bolster our industrial capacity across the continent. The Prime Minister will make this point on the world stage at the Joint Expeditionary Force Summit in Oslo next month, and NATO’s Hague Summit in June.

    Much of this work is underway. You may have seen His Royal Highness the Prince of Wales visit British troops in Estonia last month, who – under Operation Cabrit – are providing a deterrent to Russian aggression, bolstering NATO’s presence in Europe.

    At the centre of this is our absolute commitment to securing a just and lasting peace in Ukraine. The Prime Minister has been clear that for this plan to succeed, it must have strong US backing – and he is working closely with President Trump on this. I know other leaders – including those in the Baltics – have joined the chorus demanding that Ukraine’s voice must be at the heart of any talks.

    The importance of this cannot be overstated. Indeed, it was a point the Prime Minister made absolutely clear at the ‘Leading the Future’ Summit hosted here in the UK. There, he convened the ‘Coalition of the Willing’, building on our efforts to put pressure on Putin, keep military aid flowing to Ukraine and strengthen sanctions on the Russian war machine. This was followed by the announcement from the Defence Secretary of an additional £450m to Ukraine, which will fund hundreds of thousands of new drones, anti-tanks mines and supplies to make necessary repairs to military vehicles.

    This work is of vital importance. When Europe is under threat, then the Europeans have to – and are – stepping up on defence and security.

    We are living through a generational moment in the history of our continent. This is a point I made at a recent Baltic Breakfast event where I welcomed the further expansion of NATO to include Finland and Sweden. With both these countries, we are building on our defence and security relationship – whether it’s the strategic partnership we share with Sweden or the Memorandum of Understanding between the UK and Finland on civil nuclear, strengthening our energy security.

    The UK knows we have a responsibility to help secure the continent and that, even though we have left the EU, we would never turn our back on our allies in Europe. That’s why we have committed to reaching 2.5% of GDP on defence spending by 2027, with an ambition to achieve 3% in the next parliament. In practice, that means spending over £13 billion more on defence every year from 2027. This is the biggest sustained increase in defence spending since the Cold War, and it will safeguard our collective security and fund the capabilities, technology and industrial capacity needed to keep the UK and our allies safe for generations to come.

    It has been good to see other European nations doing the same, especially across the Baltic States. Lithuania continues to set the standard within NATO. Your desire to increase defence spending to 5% or even 6% GDP is admirable. Latvia now spends 3.45% of its GDP on defence, and is investing heavily in areas, such as air and coastal defence. And Estonia is aspiring to increase defence spending to 5% of its GDP.

    Given the political context, it is of vital importance for European countries to take on responsibility for their own security. As one of Europe’s leading NATO powers, it is essential that the UK and the EU work together to strengthen European security. We have substantial shared interests and objectives and, crucially, we both have the means and influence to effect change on a global stage.

    But we cannot shy away from the reality of the situation we find ourselves in. Europe faces war on the continent, as well as an urgent need to ramp up our collective defence capabilities, and we have already seen a step-change in European cooperation.

    At the same time the UK and EU are facing global economic challenges. These are shared problems which require a collective response, with mutual interests.

    And I believe a firm alliance between the UK and the EU is undeniably a part of that – and mutually beneficial. We need to put an end to ideology and build a new strengthened partnership with Europe.

    Now, Charles, I promise not to make a point of mentioning you throughout my lecture, but I wanted to touch on something from the recent past.

    After he left Government, Charles became the Visiting Professor at the University of East Anglia for their School of Political, Social and International Studies, where – during a series of lectures – he posited the idea of the ‘Too Difficult Box’, the place where important political decisions get put when things got too complicated to solve.

    As he explained in a lecture eleven years ago at the University of South Wales – just south of my constituency of Torfaen – plenty of short-term challenges face politicians when they are trying to solve the long-term problems this country faces, which means decisions get delayed, politicians don’t feel empowered or convinced enough to act, the ‘Too Difficult Box’ fills up.

    I think everyone in this room can recognise at least one important national decision that has been left to grow dust in the ‘Too Difficult Box’.

    Which is why this Government has chosen to behave differently towards our national interests. Indeed, it is precisely the difficulty of our challenges which urges us to act. The ‘Plan for Change’ recognises the complex world we live in and redefines the way that Central Government responds to the problems of the day, to work across-Departments to tackle some of the most challenging problems we face – whether it’s breaking down the barriers to opportunity, making the UK a clean energy superpower, or building an NHS that is fit for the future.

    At the heart of all of this work are what we call our ‘Strong Foundations’, which are economic stability, secure borders and national security. To me, these priorities are inseparable; you cannot have one without the other two.

    I also believe that our relationship with the European Union has an important role in these foundations, we must find pragmatic solutions that work in the national interest.

    The kind of pragmatic approach that Charles promoted with the ‘Too Difficult Box’ is exactly the kind of approach we must take when redefining our relationship with the EU, as we move towards a strengthened partnership with our biggest trading partner.

    So far, by my count, we have seen over seventy different direct engagements between UK Ministers and their EU counterparts.

    This work was exemplified by the meeting the Prime Minister had with the President of the European Commission last October, a meeting where both agreed to put our relationship on a more solid, stable footing. They agreed to work together on some of the most pressing global challenges including economic headwinds, geopolitical competition, irregular migration, climate change and energy prices. In December, the Chancellor attended a meeting of the EU finance ministers – the first time a British Chancellor has been invited to the Eurogroup since Brexit. And I have been having regular meetings with my counterpart Maroš Šefčovič to maintain forward momentum on our shared agendas.

    However, I want to be clear: we fully respect the choice made by the British public to leave the European Union, that was clear in our manifesto.  As were the clear red lines we set out, around the Customs Union, the Single Market and Freedom of Movement.   

    We are also demonstrating our role as good faith actors through the implementation of the Trade and Co-operation Agreement and the Windsor Framework.

    But I also believe that this global moment requires us to go further. It is an opportunity to build our partnership – where our continental security is paramount, where our collective safety is guaranteed, where our respective economies flourish together. It is in our mutual self interest. 

    The Three Pillars

    I mentioned that the defining structure of our future relationship with the European Union has three important pillars – prosperity, safety and security.

    On prosperity, we must boost growth and living standards, by creating export and investment opportunities for UK business and reducing barriers to trade with our biggest trading partners.

    Already we have started work on this. We have said that we will seek to negotiate a Sanitary and Phytosanitary agreement – which is one of the clear barriers to trade across the continent, and it was particularly pleasing to see a number of UK businesses writing in last weekend’s Financial Times supporting this plan.

    Let me turn to safety. Now, of all audiences, I don’t need to explain the importance of a strong and secure border, but we must do all we can to strengthen our continental collective ability to tackle organised crime and criminality, working together on irregular migration. We see – every day – the threats across our continent from criminals with no respect for international borders.  From terrorism, to vile people smuggling gangs and drug smugglers – the threat to our communities is real. If we want to protect our respective borders and keep our citizens safe, then we need to work together.

    Already, we have made important progress on this work. Within the first few weeks of coming into power, the Prime Minister stated that border security would be at the very heart of our plans to reset our relationship with the European Union. We have committed to deepening our partnerships with Europol and its European Migrant Smuggling Centre. But I believe that we can go further in this work. We need to find ways to better coordinate law enforcement. We must do all we can to strengthen the tools available to aid our collective ability to tackle organised crime, which will only lead to more secure borders.

    We recognise that the Baltic states have faced a unique challenge when it comes to irregular migration, Russian led instrumentalisation of migration is an appalling use of human beings for political gain.

    I saw the nature of this myself on a recent visit to the Polish / Belarussian border. We absolutely condemn states instrumentalising human beings and putting them in danger, and support efforts to combat this issue at the EU’s external border. Whilst the UK may face different migration challenges, there are clear commonalities – underlining the imperative of working together on the shared priority of securing our borders.

    Which brings me on to the final point, security. I have made clear throughout this lecture that we must respond to the collective security challenge that we all face. An ambitious UK-EU security and defence relationship must be a part of this.

    All of us in the UK Government appreciate the steps that the EU is taking on this, and we welcome their recent Defence White Paper, which recognises the UK as an “essential European ally”. But we should also recognise the importance of the Baltic Sea States within that Paper.

    As Oliver Moody pointed out in his talk, the significance and the symbolism of that paper cannot be overlooked. He said: “It was presented by an Estonian high representative, a Lithuanian defence commissioner, with a great deal of input from a Latvian economics commissioner, a Polish budget commissioner, a Finnish vice-president of the commission for technological sovereignty and security, all in tandem under the leadership of a German president of the European Commission […] this would have been completely unimaginable in the 1990s.”

    He’s right to point out the importance of this unity, both in the Baltic region and across our continent. 

    We have made it clear to our EU partners that we are ready to negotiate a Security & Defence Partnership with the EU. We believe it should build on the EU’s existing partnership agreements with other third countries, while recognising the unique nature of our security relationship. It will complement NATO and our NATO First approach, while boosting our bilateral cooperation with European partners.

    But we want to go further, trying to create new ways to ramp up our defence industrial capacity, financing and capability development.

    UK-EU Summit

    All of these points I have mentioned will no doubt be crucial discussion points when the UK welcomes European Union leaders to the first UK-EU Leaders’ Summit on 19th May.

    The Prime Minister will host the President of the European Council, António Costa, and the President of the European Commission, Ursula von der Leyen.

    The Summit will provide an opportunity to make further progress on our shared priorities and we shall set out further details in due course. What I can tell you now is that this will be the first of regular UK-EU summits, which we committed to when the Prime Minister met the President of the European Commission in October last year. We expect these to take place annually, in addition to regular engagements at Ministerial level, recognising that new agreements will take time to agree.

    Conclusion

    Ladies and gentlemen, it is clear to me that the future of Europe – whether that’s innovative businesses or the most resilient of responses to Russian aggression – has a home in the Baltic.

    The UK wants to be an important part of that future, and we are working hard – right across the Government – to change our relationship with the EU for the mutual benefit of all European states.

    We are living through a time of generational challenge to our very way of life.  I know that in the face of this, an alliance – across our continent, in pursuit of freedom – will be vital.

    So, I thank all of you here for your interest in this vital area, I thank Charles for the invitation to address this group – and I look forward to working with many of you to deliver a secure and prosperous future for our people.

    Updates to this page

    Published 25 April 2025

    MIL OSI United Kingdom

  • MIL-OSI China: Xi makes important instructions on work related to civil-military mutual support

    Source: People’s Republic of China – State Council News

    BEIJING, April 25 — Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, Chinese president and chairman of the Central Military Commission, recently issued important instructions on work concerning mutual support between the military and the government as well as that between the military and the people, highlighting that civil-military mutual support is a fine tradition and unique political advantage for the Party, the military and the people. On the new journey, Xi stressed the need to adhere to the guidance of the Thought on Socialism with Chinese Characteristics for a New Era, uphold the Party’s overall leadership, deepen reform and innovation, improve policy mechanisms, and achieve continuous progress in promoting civil-military mutual support.

    He urged Party committees and governments at all levels to care about and support military development and reform, proactively address the concerns and resolve difficulties of officers and soldiers, and further foster a positive social atmosphere of valuing national defense, supporting the military and honoring military personnel. Xi stressed that the military should firmly establish a strong awareness of its fundamental purpose, actively support local construction and development, and take concrete actions to bring benefits and prosperity to the people. Xi called for close civil-military collaboration to consolidate and develop rock-solid unity between the military and the government and between the military and the people, so as to jointly write a new chapter of mutual love and support between the people and the military in the new era.

    The national conference on honoring model cities (counties) for civil-military mutual support was held in Beijing on April 23. Xi’s important instructions were conveyed at the conference. Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and premier of the State Council, attended and addressed the conference.

    In his speech, Li said that General Secretary Xi Jinping’s important expositions and instructions on civil-military mutual support are a summary of historical experience from work done in this respect under the Party’s leadership and the fruit of theoretical innovation, providing fundamental guidance for advancing work in this regard on the new journey of the new era. He called for resolute implementation of Xi’s instructions to continuously break new ground for work in this respect.

    Li said that in recent years, through all-around efforts across the military and the civilian sectors, progress has been made in promoting civil-military mutual support, relevant laws and regulations have been optimized, and social organizations and service networks supporting the military have been improved. The military has actively taken part in implementing major strategies such as poverty alleviation, rural revitalization and the consolidation of border defense. It has also outstandingly accomplished missions including emergency response and disaster relief, evacuation of citizens from foreign countries and escorting services, maintaining stability and addressing contingencies. The present and the near future constitute a critical period for our endeavor to build a great country and stride toward national rejuvenation on all fronts through Chinese modernization. Promoting civil-military mutual support connects and unites the two sides. We should ensure that work in this regard plays an important role in pooling strength and should leverage its unique advantage of providing two-way support, thus contributing to advancing the cause of the Party and the country.

    Li emphasized that all regions and departments must strengthen their awareness of national defense and overall strategic thinking, focus on key areas of military development and reform, enhance resource allocation and coordination, deepen civil-military collaboration, and proactively serve the modernization of national defense and the armed forces. Efforts should be made to take into account the practical needs of both active-duty and retired service members, enhance the targeted support services, and address wholeheartedly the concerns of military personnel, such as education for their children, employment for their spouses, and elderly care for their parents. Li also called for solid and down-to-earth efforts in the resettlement of retired military personnel, employment and entrepreneurship support, preferential treatment, and assistance to those in need. The military should be supported to take an active part in local economic and social development by leveraging its strengths, and to play a greater role in promoting high-quality development, supporting local work and maintaining public security and social stability. In addition to deepening the reform and innovation of work related to civil-military mutual support, Li also urged efforts to boost the quality and effectiveness of such work, improve the mechanisms for organization and leadership, further foster models in this regard, consolidate and expand the social foundation, and push for the effective implementation of the CPC Central Committee’s decisions and plans on the matter.

    At the conference, a decision was read out on honoring model cities (counties) for work related to civil-military mutual support, and awards were presented to representatives of them. Representatives from both the military and civil sectors delivered speeches.

    Shi Taifeng, Li Shulei, Zhang Youxia, Wang Dongming, Wu Zhenglong and Shen Yueyue attended the meeting, which was presided over by Shen Yiqin.

    Also present were representatives of the honored model cities (counties) for civil-military mutual support, members of the National Leading Group for Civil-Military Mutual Support, officials in charge of relevant military and civil departments, and officials in charge of leading groups and offices for civil-military mutual support of provinces, autonomous regions, municipalities, and the Xinjiang Production and Construction Corps.

    MIL OSI China News

  • MIL-OSI Asia-Pac: Voter registration ends Jun 2

    Source: Hong Kong Information Services

    The Registration & Electoral Office (REO) today called on eligible individuals and bodies who have not yet registered as electors/voters to submit registration applications no later than June 2, so that their registration particulars can be included in the final registers of electors/voters to be published this year, and vote in the elections to be held this year.

    Hong Kong permanent residents who hold an identity document, will reach 18 years old by September 25 this year and ordinarily reside in Hong Kong are eligible to register as geographical constituency electors.

    Registered electors/voters need not register again, but if there are changes to their registration particulars, they should submit applications for change of particulars to the REO by June 2.

    Eligible citizens are welcome to submit applications for new registration as geographical constituency electors or change of voter registration particulars through iAM Smart. They may also provide or update their mobile phone number and email address, and check their voter registration status through the app.

    Alternatively, citizens can register by filling in application forms which are available on the Voter Registration website for download. Hard copies can obtained at District Offices, the management offices of public housing estates and the REO.

    Completed forms can be sent by post to the Registration & Electoral Office, 29/F, Standard Chartered Tower, Millennium City 1, 388 Kwun Tong Road, Kwun Tong, Kowloon; by fax to 2891 1180; by email to form@reo.gov.hk, or via the REO e-Form Upload Platform.

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: A representative of Setl Group held a master class on the Renga program for the finalists of the TIM Championship

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – During the master class

    In the era of import substitution and well-known geopolitical events, the focus of attention of enterprises, developers, and educational institutions is focused on the transition to domestic digital solutions. The finalists of the All-Russian TIM Championship at SPbGASU. SPO League 2025 developed competition projects in the Renga program – a Russian comprehensive BIM system for automated three-dimensional design using the technology of information modeling of buildings and structures. Therefore, the master class of the chief engineer of the architectural bureau “Setl Group” Dmitry Sergeev aroused keen interest among the contestants.

    “When assessing the situation with foreign vendors, we tested many domestic products. We took into account the labor costs associated with them, time, capabilities, compliance with the standards that we need to organize the work process. Renga was the best choice. But we understood that for objective reasons, third-party libraries would not work for us, because some contain slightly different information, while others do not have what we need at all. Therefore, we created our own library of standard elements that we and our clients use in modeling. A year later, we made it widely available: anyone can download it for use both for educational purposes and for work. As a pilot project, we designed a standard residential complex of varying heights in Renga, the highest section is 23 floors. And then we realized that the existing computers could not handle the full model, so we divided it into sections. Subsequently, we purchased more powerful computers,” said Dmitry Sergeev.

    Using this project as an example, the expert explained the entire design process step by step, including water supply, electricity and other utilities, architectural drawings, and finishing materials. In addition, he clarified how and why the team made this or that decision during the design process.

    “All this work is carried out by teams, which include many young specialists. Our architectural bureau is happy to employ them. There is a mentoring system for adaptation, so we will be glad to see you in our architectural bureau. For internships, employment, you can contact the career start on our company’s website by sending an application,” concluded Dmitry Sergeev.

    Victoria Zinchenko, a student at the Novgorod Construction College, noted that she was pleased to listen to a lecture directly from an industry representative working at Renga.

    “It was interesting to learn how the bureau created all the families for further work in the program. We work on this software at college, and I believe that even with the existing nuances, the program can become a worthy competitor in the market. I am very grateful to the organizers for the opportunity to gain such practical knowledge about it,” Victoria shared.

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

    MIL OSI Russia News

  • MIL-OSI Russia: GUU took part in the discussion of the ECG rating and the role of large families in the development of Russia

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    Director of the Center for Assessment and Development of Management Competencies of the State University of Management Anton Velichko, as part of the national standard project “Index of Business Reputation of Entrepreneurs (EKG-rating)”, took part in the work of the Annual All-Russian Scientific and Practical Conference of the D. I. Mendeleyev Institute of Demographic Policy “From the Year of the Family to the Century of the Family”.

    The plenary session of the conference was attended by Deputy Prime Minister of the Russian Federation, Deputy Chairperson of the Presidential Council for the Implementation of State Demographic and Family Policy Tatyana Golikova, Plenipotentiary Representative of the President of the Russian Federation in the Central Federal District, member of the Presidential Council for the Implementation of State Demographic and Family Policy Igor Shchegolev, Head of the Presidential Administration for Public Projects Sergei Novikov, Chairman of the State Fund for Support of Participants of the NVO “Defenders of the Fatherland”, State Secretary – Deputy Minister of Defense of the Russian Federation Anna Tsivileva, Chairperson of the Federation Council Committee on Science, Education and Culture, Executive Secretary of the Presidential Council for the Implementation of State Demographic and Family Policy Liliya Gumerova and others.

    The event was attended by more than 400 representatives of government bodies, scientific, educational and public organizations, and businesses.

    The past Year of the Family allowed us not only to focus on the demographic agenda, but also to understand the fact that the Russian family should never again fall out of the sight of the state and society if we are talking about the preservation and development of the Russian nation and statehood.

    The aim of the conference is to find effective solutions in the area of population conservation and improvement of demographic policy, as well as corporate practices to support families with children.

    The annual All-Russian scientific and practical conference of the D. I. Mendeleyev Institute of Demographic Policy “From the Year of the Family to the Century of the Family” is organized with the support of the Administration of the President of the Russian Federation, the Federation Council of the Federal Assembly of the Russian Federation and the Ministry of Labor and Social Protection of the Russian Federation.

    Subscribe to the TG channel “Our GUU” Date of publication: 04/25/2025

    Центра оценки и развития управленческих компетенций ГУУ Антон Величко в рамках проекта национальный стандарт «Индекс деловой репутации субъектов предпринимательской деятельности (ЭКГ-рейтинг)» принял участие в работе Ежегодной всероссийской научно-практической конференции Института демографической политики имени Д….” data-yashareImage=”https://guu.ru/wp-content/uploads/IMG_9380-scaled.jpg” data-yashareLink=”https://guu.ru/%d0%b3%d1%83%d1%83-%d0%bf%d1%80%d0%b8%d0%bd%d1%8f%d0%bb-%d1%83%d1%87%d0%b0%d1%81%d1%82%d0%b8%d0%b5-%d0%b2-%d0%be%d0%b1%d1%81%d1%83%d0%b6%d0%b4%d0%b5%d0%bd%d0%b8%d0%b8-%d1%8d%d0%ba%d0%b3-%d1%80%d0%b5/”>

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

    MIL OSI Russia News

  • MIL-OSI United Kingdom: Toughest measures yet to protect children from knife content

    Source: United Kingdom – Executive Government & Departments

    News story

    Toughest measures yet to protect children from knife content

    Even tougher action to hold tech platforms to account for failing to protect children from harmful knife crime content online, the government has announced.

    Image: Getty Images

    As part of the Plan for Change, tougher sanctions will be brought in to combat the unacceptable content circulating online that advertises deadly and illegal knives and other offensive weapons to young people – or which glorifies or incites violence.  

    The government has already announced a significant fine of up to £10,000 for individual tech bosses whose platforms fail to remove this content within 48 hours following a police warning. Following significant consultation with the Coalition to Tackle Knife Crime, the government is going even further with an additional fine of up to £60,000 to be paid by the company. This means tech platforms and their executives could collectively face up to £70,000 in fines for every post relating to knife crime they fail to remove. 

    A greater range of online platforms will be liable under these new laws to also include online search engines as well as social media platforms and marketplaces, to capture all online providers which might currently be failing to remove content. 

    The move bolsters further measures set out yesterday by the Department for Science, Innovation and Technology, and Ofcom, to protect children from a broad spectrum of harmful online content including pornography, suicide and self-harm under the Online Safety Act.  The laws will be some of the most comprehensive online safety protections in the world and mean platforms must protect children from content including suicide, self-harm, and pornography by taking steps such as introducing age checks like photo ID matching or facial age estimation and filtering out harmful content from algorithms.   

    Crime and Policing Minister, Dame Diana Johnson said:  

    The kind of content that young people scroll through every day online is sickening and I will not accept any notion that restricting access to this harmful material is too difficult.

    Our children need more from us. That is why we are now going further than ever to hold to account the tech companies who are not doing enough to safeguard young people from content which incites violence, particularly in young boys.

    Curbing the impact of this kind of content will be key for our mission to halve knife crime, but more widely our Plan for Change across government to do more protect young people from damaging and dangerous content.

    As previously announced, the Home Office will introduce a new system to be carried out by a new policing unit backed by £1.75 million of funding to tackle the sale of knives online. This will operate out of the Met, but on a national scale. They will be responsible for issuing Content Removal Notices which inform the tech platform of illegal content, giving them a 48 hour window in which they must remove it.  

    Failure to comply will now result in a Civil Penalty Notice rather than taking the company to civil court, which include the respective fines for both executives and the wider company. This will mean sanctions can be inflicted much more quickly and is the same penalty that an employer may receive for employing an illegal worker to reflect the vital importance of removing harmful knife related content.     

    Patrick Green CEO of The Ben Kinsella Trust said:

    The portrayal of knife crime on social media has significantly hindered efforts to reduce it. Beyond merely normalising, glamorising, and desensitising young people to violence, it has often provided an illegal avenue for purchasing knives without adequate safeguards, such as proper age verification.

    Social media companies and their executives have repeatedly failed to address these issues. Therefore, I welcome today’s announcement from the government to take decisive action and hold these executives accountable.

    I also thank the government for listening to the Coalition to Tackle Knife Crime and for extending these sanctions to include social media companies, who have a responsibility to keep young people safe on their platforms.

    These sanctions are part of a range of measures being introduced by this government in its mission to halve knife crime in a decade. These include: 

    • banning zombie-style knives and ninja swords, with a nationwide surrender scheme launching in July 

    • introducing stronger 2-step verification for online retailers selling knives online and banning delivery of weapons to alternative addresses that don’t match the buyer 

    • requirement for online retailers to report any bulk or suspicious-looking purchases of knives to the police 

    • launching a consultation in spring on the introduction of a licensing scheme for retailers who wish to sell knives

    • increasing prison sentences for selling weapons to under 18s from 6 months to 2 years

    • introducing a new offence for possessing a weapon with intent for violence with a prison sentence of up to 4 years

    The sanctions for tech platforms will be introduced via an amendment to the Crime and Policing Bill which was tabled on 24 April for committee stage.

    Updates to this page

    Published 25 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Successes in Reverse Engineering: GUU Project Receives Positive Opinion from RAS

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    The research team of the State University of Management, implementing the project “Development of scientific and methodological foundations for managing technological processes of reverse engineering in the transport industry of mechanical engineering”, received a positive conclusion from the Russian Academy of Sciences based on the results of the reporting period in 2024.

    The fundamental research is aimed at developing theoretical and methodological principles of industrial economics, as well as tools for making management decisions to ensure import substitution. The relevance of the research is confirmed by the consideration of issues of managing technological processes of reverse engineering when solving complex problems of import substitution in the transport industry of mechanical engineering of the Russian Federation.

    Scientific results of the first stage of work:

    The study of the state of the transport industry during the period of import substitution was carried out, risks were identified and solutions were outlined; the role of reverse engineering as a tool for import substitution in the transport engineering industry was substantiated and the main stages of reverse engineering were determined; an overview and assessment of existing reverse engineering technologies for transport engineering products using Russian and imported equipment were proposed; a methodology and an information model in the form of an algorithm were developed that take into account the most frequently used tasks of reverse engineering; a methodology for decision-making and risk assessment was developed that takes into account technical, technological and economic aspects, which allows preventing and minimizing possible negative consequences of reverse engineering; the role of standardization as one of the important tools of import substitution contributing to an increase in the orderliness of production, acting as a guarantor of the quality and competitiveness of products was proven.

    According to experts, the results obtained during the implementation of the first stage of the project are significant for the development of this field of science in Russia and the solution of specific applied problems. The methodology for managing technological processes developed during the study is universal and will be useful not only for industrial enterprises in the transport industry, but also for any enterprises in the mechanical engineering industry.

    “The results of the study may be relevant for optimizing the existing scheme for organizing reverse engineering processes in the transport industry of mechanical engineering, as well as for forming an effectively functioning scheme for organizing the management of reverse engineering processes in the transport industry of mechanical engineering in the short, medium and long term. The significance of the obtained results for specific applied tasks of the Russian Federation is confirmed by the possibility of their use in the educational process when giving lecture courses on industrial policy, supporting government decision-making in the industrial sphere and ensuring national security issues, including import substitution issues, including in the transport industry,” the RAS experts noted.

    Subscribe to the TG channel “Our GUU” Date of publication: 04/25/2025

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Bun tower ready for climbing carnival

    Source: Hong Kong Information Services

    The Cheung Chau Climbing Carnival, an integral part of the 2025 Bun Carnival, will be held at the Pak Tai Temple Playground soccer pitch on Cheung Chau this Sunday from noon to 6pm.

    Participants must be at least one metre in height and can enrol on the spot to climb the 14-metre bun tower that will be used for the Bun Scrambling Competition, due to be held on May 5 and 6.

    The Hong Kong, China Mountaineering & Climbing Union will brief entrants on the skills required and various safety aspects before they begin climbing.

    Meanwhile, visitors can make wishes at a Wishing Bun Tower at the venue. Other carnival activities and attractions include variety shows, handicraft workshops and game booths, as well as an exhibition of winning works from Student Drawing Competitions.

    One of the game booths will be geared towards promoting public participation in athlete selections for mass participation events at the 15th National Games.

    Prior to the climbing carnival, the Bun Tower Climbing Team Relay event – also part of the 2025 Bun Carnival – will be held from 9am to noon.

    Members of the public are invited to attend all of the day’s events and cheer for participants.

    Click here for more details.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Light public housing tenders open

    Source: Hong Kong Information Services

    The Housing Bureau today invited tenders for two Light Public Housing (LPH) operation and management contracts. The deadline is noon on June 13.

    The first contract covers four school conversion projects. These are at the Mission Covenant Church Holm Glad No. 2 Primary School on Shun On Road in Shun On Estate, Kwun Tong; the Tung Wah Group of Hospitals Ma Kam Chan Memorial Primary School (Choi Yuen Annex) on Choi Yuen Road in Choi Yuen Estate, Sheung Shui; the Carmel Leung Sing Tak School on Shun Lee Tsuen Road in Shun On Estate, Kwun Tong; and the Baptist Rainbow Primary School on Chuk Yuen Road in Chuk Yuen South Estate, Wong Tai Sin.

    The conversion works will be completed in two phases. The first covers the two projects on Shun On Road and Choi Yuen Road, which will provide about 130 and 110 units respectively. These are expected to be completed in the fourth quarter of this year.

    The second phase covers the two projects on Shun Lee Tsuen Road and Chuk Yuen Road, which will provide about 110 and 105 units respectively. These are expected to be completed in the first quarter of 2027.

    The second contract covers the project at Sheung On Street, Chai Wan, which will provide about 1,720 units and is expected to be completed in the second quarter of next year.

    The bureau said the four school conversion projects have been packaged into one single contract in light of their relatively smaller scale. By engaging a single operator for the contract’s overall operation and management, resources can be shared among the projects to enhance cost-effectiveness, it explained.

    The contracts cover not only occupancy management, property management and daily maintenance services, but also the provision of social services, as well as the management and operation of ancillary facilities.

    Tenders are invited from all capable and experienced service providers, including non-government organisations and those with a valid property management company licence, or collaborations between such providers.

    To ensure service quality, the bureau will carry out technical assessments based on factors including providers’ management capabilities, relevant experience and past service performance, as well as their proposed modes of operation and management, the social services to be provided, the feasibility of their exit plans, and their use of innovation and information technology.

    Each tender price will then be evaluated to form a consolidated assessment to decide on the most suitable organisation for the LPH contracts.

    Interested organisations may download the tender documents via the bureau’s website or from the e-Tendering System. They can also contact the bureau’s Dedicated Team on Light Public Housing to obtain the relevant documents.

    The tender reference for the Shun On Road, Choi Yuen Road, Shun Lee Tsuen Road and Chuk Yuen Road LPH projects is HB2025/OPR-LPH-VSP, while the tender reference for the Sheung On Street, Chai Wan LPH project is HB2025/OPR-LPH-CW.

    Tenders must be submitted before the deadline, either electronically via the e-Tendering System or by deposit in the Government Secretariat Tender Box situated at the public entrance lobby on Ground Floor, East Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Election Diary: Dutton tops list of most distrusted, amid deepening voter cynicism about political leaders

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    In this election, voters are more distrustful than ever of politicians, and the political heroes of 2022 have fallen from grace, swept from favour by independent players.

    A Roy Morgan survey has found, for the first time, that Australians are driven more by who they distrust than who they trust.

    Opposition Leader Peter Dutton is the most distrusted figure, outranking even US President Donald Trump. He’s three times more distrusted than Prime Minister Anthony Albanese.

    Nor are any federal ministers or opposition frontbenchers in the top five trusted figures.

    In March 2022, before the election of May that year, federal Labor figures, then in opposition, were riding a wave. Federal Labor frontbenchers occupied the top three “net trust” spots. Now, they have dropped out entirely from the top five.

    The five political leaders with the highest net trust in 2022 were, in order: Penny Wong, Albanese, Tanya Plibersek, then Western Australian Labor premier Mark McGowan, and Jacqui Lambie, an outspoken crossbench senator from Tasmania.

    in 2025, all but Lambie have disappeared from the top five. (McGowan has retired from politics.)

    The new list is headed by ACT independent Senator David Pocock, who has been a key figure in negotiations with the government on a number of issues. Lambie has risen to second place. She’s followed by three premiers: Queensland’s David Crisafulli (LNP), Chris Minns (Labor, NSW) and Roger Cook (Labor, WA).

    Both Pocock and Lambie recorded almost no distrust.

    Pocock was seen by respondents as genuine and principled, and someone who listened to constituents. He was praised for championing the vulnerable and the environment and approaching politics with humility, according to the survey.

    Lambie won points for being a straight talker. One respondent described her as “crude but honest”.

    The Morgan survey asks people open-ended questions: to nominate the political leaders they trust and distrust and say why.

    Dutton heads the 2025 list of those with the highest net distrust scores. Clive Palmer is second and Trump next. Albanese and Energy Minister Chris Bowen follow.

    The list is rounded out by Victorian Labor Premier Jacinta Allan, Greens Leader Adam Bandt, One Nation Senator Pauline Hanson, Shadow Treasurer Angus Taylor, Nationals Barnaby Joyce and Shadow Attorney-General Michaelia Cash.

    In 2022 there were no Labor politicians in the most distrusted list; now there are three, two from the federal government and one premier.

    In 2022 the distrust list, in order, was: Palmer, Scott Morrison, Dutton, Joyce, Hanson, Vladimir Putin, Craig Kelly, Dominic Perrottet, Taylor, Cash and Josh Frydenberg.

    Condemnation of neo-Nazi disruption unites leaders on campaign truce day

    Anzac Day brought a truce in campaigning, as political players prepare for a final frantic week before the poll.

    But ugliness broke out at Melbourne’s Shrine of Remembrance, when a small group of neo-Nazis heckled during the Welcome to Country by Bunurong and Gunditjmara elder Uncle Mark Brown.

    The Age reported that convicted neo-Nazi Jacob Hersant led the men. Hersant last year was found guilty of performing an illegal Nazi salute.

    Police escorted Hersant from the service.

    Later Victoria Police said a 26-year-old man had been intervidewed over offensive behaviour and police would proceed via summons.

    At the service, Victorian Governor Margaret Gardner was also booed when acknowledging the traditional owners of the land.

    In Perth at the dawn service, a heckler shouted obscenities during the Welcome to Country.

    Albanese responded, saying: “The disruption of Anzac Day is a disgraceful act and the people responsible must face the full force of the law. This was an act of low cowardice on a day when we honour courage.”

    Dutton said neo-Nazis were “a stain on our national fabric”. He said the Welcome to Country was “an important part of official ceremonies and it should be respected”.

    Michelle Grattan 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. Election Diary: Dutton tops list of most distrusted, amid deepening voter cynicism about political leaders – https://theconversation.com/election-diary-dutton-tops-list-of-most-distrusted-amid-deepening-voter-cynicism-about-political-leaders-254995

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Global: AI policies in Africa: lessons from Ghana and Rwanda

    Source: The Conversation – Africa – By Thompson Gyedu Kwarkye, Postdoctoral Researcher, University College Dublin

    Artificial intelligence (AI) is increasing productivity and pushing the boundaries of what’s possible. It powers self-driving cars, social media feeds, fraud detection and medical diagnoses. Touted as a game changer, it is projected to add nearly US$15.7 trillion to the global economy by the end of the decade.

    Africa is positioned to use this technology in several sectors. In Ghana, Kenya and South Africa, AI-led digital tools in use include drones for farm management, X-ray screening for tuberculosis diagnosis, and real-time tracking systems for packages and shipments. All these are helping to fill gaps in accessibility, efficiency and decision-making.

    However, it also introduces risks. These include biased algorithms, resource and labour exploitation, and e-waste disposal. The lack of a robust regulatory framework in many parts of the continent increases these challenges, leaving vulnerable populations exposed to exploitation. Limited public awareness and infrastructure further complicate the continent’s ability to harness AI responsibly.

    What are African countries doing about it?
    To answer this, my research mapped out what Ghana and Rwanda had in place as AI policies and investigated how these policies were developed. I looked for shared principles and differences in approach to governance and implementation.

    The research shows that AI policy development is not a neutral or technical process but a profoundly political one. Power dynamics, institutional interests and competing visions of technological futures shape AI regulation.

    I conclude from my findings that AI’s potential to bring great change in Africa is undeniable. But its benefits are not automatic. Rwanda and Ghana show that effective policy-making requires balancing innovation with equity, global standards with local needs, and state oversight with public trust.

    The question is not whether Africa can harness AI, but how and on whose terms.

    How they did it

    Rwanda’s National AI Policy emerged from consultations with local and global actors. These included the Ministry of ICT and Innovation, the Rwandan Space Agency, and NGOs like the Future Society, and the GIZ FAIR Forward. The resulting policy framework is in line with Rwanda’s goals for digital transformation, economic diversification and social development. It includes international best practices such as ethical AI, data protection, and inclusive AI adoption.

    Ghana’s Ministry of Communication, Digital Technology and Innovations conducted multi-stakeholder workshops to develop a national strategy for digital transformation and innovation. Start-ups, academics, telecom companies and public-sector institutions came together and the result is Ghana’s National Artificial Intelligence Strategy 2023–2033.

    Both countries have set up or plan to set up Responsible AI offices. This aligns with global best practices for ethical AI. Rwanda focuses on local capacity building and data sovereignty. This reflects the country’s post-genocide emphasis on national control and social cohesion. Similarly, Ghana’s proposed office focuses on accountability, though its structure is still under legislative review.

    Ghana and Rwanda have adopted globally recognised ethical principles like privacy protection, bias mitigation and human rights safeguards. Rwanda’s policy reflects Unesco’s AI ethics recommendations and Ghana emphasises “trustworthy AI”.

    Both policies frame AI as a way to reach the UN’s Sustainable Development Goals. Rwanda’s policy targets applications in healthcare, agriculture, poverty reduction and rural service delivery. Similarly, Ghana’s strategy highlights the potential to advance economic growth, environmental sustainability and inclusive digital transformation.

    Key policy differences

    Rwanda’s policy ties data control to national security. This is rooted in its traumatic history of identity-based violence. Ghana, by contrast, frames AI as a tool for attracting foreign investment rather than a safeguard against state fragility.

    The policies also differ in how they manage foreign influence. Rwanda has a “defensive” stance towards global tech powers; Ghana’s is “accommodative”. Rwanda works with partners that allow it to follow its own policy. Ghana, on the other hand, embraces partnerships, viewing them as the start of innovation.

    While Rwanda’s approach is targeted and problem-solving, Ghana’s strategy is expansive, aiming for large-scale modernisation and private-sector growth. Through state-led efforts, Rwanda focuses on using AI to solve immediate challenges such as rural healthcare access and food security. In contrast, Ghana looks at using AI more widely – in finance, transport, education and governance – to become a regional tech hub.

    Constraints and solutions

    The effectiveness of these AI policies is held back by broader systemic challenges. The US and China dominate in setting global standards, so local priorities get sidelined. For example, while Rwanda and Ghana advocate for ethical AI, it’s hard for them to hold multinational corporations accountable for breaches.

    Energy shortages further complicate large-scale AI adoption. Training models require reliable electricity – a scarce resource in many parts of the continent.

    To address these gaps, I propose the following:

    Investments in digital infrastructure, education and local start-ups to reduce dependency on foreign tech giants.

    African countries must shape international AI governance forums. They must ensure policies reflect continental realities, not just western or Chinese ones. This will include using collective bargaining power through the African Union to bring Africa’s development needs to the fore. It could also help with digital sovereignty issues and equitable access to AI technologies.

    Finally, AI policies must embed African ethical principles. These should include communal rights and post-colonial sensitivities.

    Thompson Gyedu Kwarkye 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. AI policies in Africa: lessons from Ghana and Rwanda – https://theconversation.com/ai-policies-in-africa-lessons-from-ghana-and-rwanda-253642

    MIL OSI – Global Reports

  • MIL-OSI: WithSecure Interim Report 1 January – 31 March 2025: Elements ARR growth continued, 70% ARR growth for Cloud Protection for Salesforce

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Interim Report 1 January – 31 March 2025, 25 April 2025 at 8.00 EEST

    WithSecure Interim Report 1 January – 31 March 2025: Elements ARR growth continued, 70% ARR growth for Cloud Protection for Salesforce

    Highlights of January – March 2025 (“first quarter”)

    • Annual Recurring Revenue (ARR)1 for Elements Cloud products and services increased by 8% to EUR 86.6 million (EUR 80.5 million)
    • Elements Cloud ARR increase from previous quarter was 4%
    • Net Revenue Retention (NRR) for Elements Cloud was 103%
    • Revenue for Elements Cloud increased by 6% to EUR 21.9 million (EUR 20.6 million)
    • Adjusted EBITDA for Elements Company was EUR 0.9 million (EUR 0.7 million, restated)
    • ARR for Cloud Protection for Salesforce increased by 70% to EUR 13.9 million (EUR 8.2 million)
    • Net Revenue Retention (NRR) for CPSF was 133%
    • Operative cash flow of the first quarter was EUR -2.6 million (EUR -2.4 million)
    • Items affecting comparability (IAC) of adjusted EBITDA were EUR -0.2 million (EUR +0.1 million).
    1. Annual recurring revenue (ARR) of cloud products is calculated by multiplying monthly recurring revenue of last month of quarter by twelve.  Monthly recurring revenue includes recognized revenue within the month excluding non-recurring revenue and adjustments for one-off items

    Outlook for 2025 (unchanged)
    Annual Recurring Revenue (ARR) for Elements Cloud products and services will grow by 10-20% from the end of 2024.
    At the end of 2024, Elements Cloud ARR was EUR 83.3 million.

    Elements Company segment’s Adjusted EBITDA will be 3-7% of revenue.

    Annual Recurring Revenue (ARR) for Cloud Protection for Salesforce (CPSF) will grow by 20-35% from the end of 2024.
    At the end of 2024, CPSF ARR was EUR 12.8 million.

    Cyber security consulting business will be divested in 2025. Elements company and CPSF will have their own guidance going forward. Both are recurring, subscription-based businesses, which is reflected in the new guidance.

    Medium-term financial target (for Elements Company segment) (unchanged)
    Over the next three years (2025-2027), WithSecure will become a “Rule of 30+” company.
    The components of the target are

    • Annual revenue growth as percentage
    • Adjusted EBITDA as percentage of revenue

    WithSecure is targeting to reach a sum of the components that exceeds 30.

    Figures in this release are unaudited. Figures in brackets refer to the corresponding period in the previous year, unless otherwise stated. Percentages and figures presented may include rounding differences and might therefore not add up precisely to the totals presented.

    CEO Antti Koskela
    First quarter of 2025 was marked by many unusual events impacting the world politics and economy. Despite the turbulence, both of WithSecure’s businesses remained on the growth track. Elements Cloud Annual Recurring Revenue (ARR) increased by 8% to EUR 86.6 million (EUR 80.5 million), and the Elements Cloud revenue grew by 6% to EUR 21.9 million (EUR 20.6 million). Cloud Protection for Salesforce, reported as a separate segment from the Elements, had a 70% ARR growth to EUR 13.9 million (EUR 8.2 million).

    In a world where cyber security is not just a technical challenge but also a geopolitical one, we believe that how and where technology is built truly matters. Our strategy is to become a flagship for European cyber security, and we are positioning ourselves at the forefront of this transformation. Given the geopolitical situation, we have seen significant interest in a European alternative among our partners and customers. We signed an agreement in the beginning of the second quarter to divest our Malaysian entity to a partner, who will become WithSecure’s preferred distributor in the region. Once this transaction is complete, all WithSecure’s products and services will be developed and delivered from Europe. We continue to develop our partner channel, and signed several new key partner agreements during the first quarter.

    Inside Elements Cloud, the ARR for Elements Cloud software and co-security services increased by 14% to EUR 65.7 million (EUR 57.8 million). The growth is driven by both new customers and the expansion of existing customers. Especially the new portfolio items Exposure Management and Elements MDR, launched in May 2024, have already begun to contribute to the growth. The Managed services ARR declined by 8% to EUR 20.9 million (EUR 22.7 million). The ARR decline is mostly related to customers in the UK.

    Elements Company Adjusted EBITDA in the first quarter was EUR 0.9 million (EUR 0.7 million, restated figure). Operative cash flow was EUR -2.6 million (EUR -2.4 million). Cash flow was impacted by the previous year’s bonus payments, as well as the additional costs related to divestments.

    Cloud Protection for Salesforce (CPSF) continued with a strong performance and achieved a 70% growth of ARR, to EUR 13.9 million (EUR 8.2 million). The growth was driven by many new enterprise customer logos, as well as smaller Salesforce users who want to protect their Salesforce Cloud from vulnerabilities caused by external content uploads. The CPSF segment became profitable for the first time, with EUR 0.4 million Adjusted EBITDA (EUR -0.4 million). We continue to develop CPSF as an independent business inside WithSecure, while keeping the strategic review options open.

    The divestment of our Cyber security consulting business, announced on 23 January 2025, is progressing as planned. The carve-out process is ongoing in collaboration with the buyer, and the target to close the transaction during the second quarter of 2025 remains valid.

    Financial performance – WithSecure Group

    (mEUR) 1-3/2025 1-3/2024 Change % 1-12/2024
    Continuing operations        
    Revenue 30.1 28.8 4% 116.0
    Cost of revenue -5.7 -5.9 -3% -23.4
    Gross Margin 24.4 22.9 6% 92.6
    % of revenue 81.0 % 79.4 %   79.8 %
     Other income for adjusted EBITDA1 0.1 0.4 -83% 2.0
    Operating expenses for adjusted EBITDA1 -23.1 -23.2 0% -92.6
    Sales & Marketing -11.8 -11.3 4% -47.9
    Research & Development -8.1 -9.1 -11% -35.0
    Administration -3.2 -2.7 18% -9.7
    Adjusted EBITDA1 1.3 0.2 618% 2.0
    % of revenue 4.5 % 0.7 %   1.7 %
    Items affecting comparability (IAC)        
    Other items 0.0 0.3 -100% -1.0
    Divestments 0.0 -0.7 -95% 1.2
    Restructuring -0.1 0.4 -130% -1.1
    EBITDA 1.2 0.3 339% 1.1
    % of revenue 3.9 % 0.9 %   1.0 %
    Depreciation & amortization, excluding PPA -2.1 -2.2 -3% -9.0
    PPA amortization2 -0.5 -0.6 -17% -2.2
    EBIT -1.5 -2.6 43% -10.1
    % of revenue -4.9 % -8.9 %   -8.7 %
    Adjusted EBIT1 -0.8 -2.0 61% -7.0
    % of revenue -2.6 % -7.0 %   -6.0 %
             
    Discontinued operations        
    Revenue 6.5 7.4 -13% 31.4
    Adjusted EBITDA1 -1.6 -0.2 -736% 1.1
    % of revenue -24.4 % -2.5 %   3.6 %
    Items affecting comparability (IAC)        
    Divestments 0.6     1.1
    EBIT -2.3 -0.4 -548% -29.3
    % of revenue -36.1 % -4.9 %   -93.6 %
             
    Combined operations        
    Revenue 36.6 36.2 1% 147.4
    Adjusted EBITDA1 -0.2 0.0 n/a 3.1
    % of revenue -0.6 % 0.0 %   2.1 %
    Earnings per share, (EUR)3 -0.02 -0.01 -66% -0.22
    Deferred revenue 69.5 69.9 -1% 67.7
    Cash flow from operations before financial items and taxes -2.6 -2.4 -5% 2.1
    Cash and cash equivalents 22.7 32.3 -30% 27.3
    ROI, % -3.1 % -7.1 %   -34.1 %
    Equity ratio, % 60.4 % 77.1 %   59.1 %
    Gearing, % 7.3 % -18.9 %   0.4 %
    Personnel, end of period 964 996 -3% 961
    1. Adjustments are material items outside the normal course of business associated with acquisitions, integration, restructuring, gains or losses from sales of businesses and other items affecting comparability. For reconciliation and breakdown of adjusted costs, see Note 6 (Reconciliation of alternative performance measures)
    2. Amortization of intangible assets from business combinations (PPA, purchase price allocation, related amortizations).
    3. Based on the weighted average number of outstanding shares during the period 176,098,739 (1-3/2025).

    Events after period-end
    On 14 April 2025, WithSecure published its intention to divest the Malaysian entity and business operations to LS Systems Group. The transaction is expected to close during the second quarter of 2025. The responsibilities of the Malaysia site will be transitioned to WithSecure’s European locations. The transaction underscores WithSecure’s commitment to the European way in cyber security, and ensures consolidation of all WithSecure’s operations in Europe.

    Additional information
    This is a summary of WithSecure’s Interim Report 1 January – 31 March 2025. The full report is a PDF file attached to this stock exchange release. Full report is also available on the company website.

    Webcast
    WithSecure’s CEO Antti Koskela and CFO Tom Jansson will present the results in a webcast on 25 April starting at 14.00 EEST. The webcast will be held in English and can be accessed at

    https://withsecure.events.inderes.com/q1-2025

    Questions in written format are requested in the webcast portal. Presentation material and the webcast recording will be available on the company website

    Materials | Investor Relations | WithSecure™

    Financial calendar
    During the year 2025, WithSecure Corporation will publish financial information as follows:

    • 16 July 2025: Half-Year Report for January–June 2025
    • 22 October 2025: Interim Report for January–September 2025

    WithSecure observes at least a three-week (21 days) silent period prior to publication of financial reports, during which it refrains from engaging in discussions with capital market representatives or the media regarding WithSecure’s financial position or the factors affecting it.

    Contact information

    Tom Jansson, CFO
    WithSecure Corporation

    Laura Viita, VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    Attachment

    The MIL Network

  • MIL-Evening Report: Pacific editor welcomes US court ruling in favour of Radio Free Asia

    By Koroi Hawkins, RNZ Pacific editor

    The former head of BenarNews’ Pacific bureau says a United States court ruling this week ordering the US Agency for Global Media (USAGM) to release congressionally approved funding to Radio Free Asia and its subsidiaries “makes us very happy”.

    However, Stefan Armbruster, who has played a key role in expanding the news agency’s presence in the region, acknowledged, “there’s also more to do”.

    On March 14, President Donald Trump signed an executive order to defund USAGM outlets Radio Free Asia and Middle East Broadcasting Networks, including placing more than 1300 Voice of America employees on leave.

    “This order continues the reduction in the elements of the Federal bureaucracy that the President has determined are unnecessary,” the executive order states.

    Armbruster told RNZ Pacific Waves that the ruling found the Trump administration failed to provide evidence to support their actions.

    Signage for US broadcaster Voice of America in Washington, DC . . . Trump administration failed to provide evidence to support its actions. Image: RNZ Pacific

    “[Judge Royce Lamberth] is basically saying that the actions of the Trump administration [are] likely to have been illegal and unconstitutional in taking away the money from these organisations,” he said.

    Order to restore funding
    “The judgments are saying that the US administration should return funding to its overseas broadcasters, which include Voice of America [and] Radio Free Asia.”

    He said that in America, they can lay people off without a loss, and they can still remain employees. But these conditions did not apply for overseas employees.

    “Basically, all the overseas staff have been staff let go, except a very small number in the US who are on visas, dependent on their employment, and they have spoken out about this publicly.

    “They have got 60 days to find a job, a new sponsor for them, or they could face deportation to places like China, Cambodia, and Vietnam.

    “So for the former employees, at the moment, we are just waiting to see how this all plays out.”

    Armbruster said there were hints that a Trump administration could take such action during the election campaign, when the Trump team had flagged issues about the media.

    Speed ‘totally unexpected’
    However, he added the speed at which this has happened “was totally unexpected”.

    “And the judge ruled on that. He said that it is hard to fathom a more straightforward display of arbitrary, capricious action, basically, random and unexplained.

    “In short, the defendants had no method or approach towards shutting down USAGM that this Court could discern.”

    Armbruster said the US Congress funds the USAGM, and the agency has a responsibility to disburse that funding to Radio Free Europe, Voice of America, and Radio Free Asia.

    The judge ruled that the President does not have the authority to withhold that funding, he said.

    “We were funded through till September to the end of the financial year in the US.

    “In terms of how quickly [the executive order] came, it was a big surprise to all of us. Not totally unexpected that this would be happening, but not this way, not this hard.”

    BenarNews ‘gave a voice’
    The BenarNews Pacific bureau was initially set up two-and-a-half years ago but evolved into a fully-fledged bureau only 12 months ago. It had three fulltime staff based in Australia and about 15 stringers and commentators across the region.

    “We built up this fantastic network of people, and the response has been fantastic, just like Radio New Zealand [Pacific],” Armbruster said.

    “We were doing a really good thing and having some really amazing stories on our pages, and big successes. It gave a voice to a whole lot of Pacific journalists and commentators to tell stories from perspectives that were not being presented in other forums.

    “It is hard to say if we will come back because there has been a lot of court orders issued recently under this current US administration, and they sometimes are not complied with, or are very slowly complied with, which is why we are still in the process.”

    However, Armbruster remains hopeful there will be “some interesting news” next week.

    “The judgment also has a little bit of a kicker in the tail, because it is not just an order to do [restore funding].

    “It is an order to turn up on the first day of each month, and to appraise the court of what action is [the USAGM] taking to disburse the funds.”

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: Electors urged to vote in rural polls

    Source: Hong Kong Information Services

    The Home Affairs Department today appealed to registered electors for the Ha Ling Pei and Ho Chung Indigenous Inhabitant Representative Elections, and for the Tung Chun Wai Resident Representative Election, to vote in the Rural By-election on Sunday.

    Eleven Rural Representative vacancies are open in the by-election, and 13 valid nominations were received during the nomination period.

    Two candidates are running for an Indigenous Inhabitant Representative post on the Tung Chung Rural Committee in Ha Ling Pei, while three candidates are standing for an Indigenous Inhabitant Representative post on the Sai Kung Rural Committee in Ho Chung. Two candidates are running for a Resident Representative post on the San Tin Rural Committee in Tung Chun Wai.

    The other six candidates have been returned uncontested. These are the candidates to be Indigenous Inhabitant Representatives of Kap Tong, of Ping Tun, and of Kwun Yam Shan and Kong Pui, and the candidates to be Resident Representatives of Tai Po Tau, Wai Tau Tsuen and Kwong Shan Tsuen.

    No valid nominations were received for the Resident Representative vacancies in Wu Shek Kok and Kam Shan Village.

    Polling will be held from noon to 7pm.

    The department reminded electors to bring their original identity documents or other specific alternative documents to the polling station as specified in the polling notice.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: President Lai presides over fourth meeting of National Climate Change Committee

    Source: Republic of China Taiwan

    On the afternoon of April 24, President Lai Ching-te presided over the fourth meeting of the National Climate Change Committee. In his opening statement, the president stated that the government will steadily implement a carbon pricing system, carefully plan a Taiwan version of the Carbon Border Adjustment Mechanism (CBAM), and assist enterprises to gradually compile a product carbon footprint digital database, while promoting the circular economy and industry internationalization to create a Green Taiwan brand. He also stated that we will leverage our financial market, driving society as a whole to take sustainable action; and expand capacity to foster green-collar professionals, laying the foundation for Taiwan’s sustainable future.
    President Lai emphasized that regardless of how the external environment changes, green transition and sustainable development are the cornerstones of long-term national prosperity. He stated that the government will work with the private sector to turn crises into opportunities and actively address the challenges of climate change and net-zero transition to promote an orderly transition. This, he said, will keep the nation on the path forward, make Taiwan stronger, better, and more resilient, and leave a prosperous and sustainable homeland for future generations.
    A translation of President Lai’s remarks follows:
    Today is the fourth meeting of the National Climate Change Committee. First, I would like to once again thank all of the advisors and committee members for your active participation over the past several months. The valuable suggestions you have provided allowed us to propose new emissions reduction targets at the last meeting as we continue to move toward our vision of net-zero emissions by 2050.
    The day before yesterday was Earth Day, and I was in this same room to meet and exchange ideas with many friends from environmental protection groups. I am very grateful to these forerunners and partners for their efforts and contributions to protect this land, Taiwan.
    Amidst global climate change and the reshaping of international trade patterns, extreme weather disasters occur frequently around the world and requirements for carbon reduction in international supply chains continue to expand. The government of the United States has also recently proposed new tariff policies that present Taiwan’s industries with many challenges. 
    We have observed that as many industries are facing increased uncertainty in their operations, the private sector has adopted a wait-and-see attitude regarding carbon reduction and environment, social, and governance (ESG) efforts. In response, the administrative team is actively assessing the situation and continuously adjusting strategies; it will definitely support our industries. 
    However, regardless of how the external environment changes, green transition and sustainable development are the cornerstones of long-term national prosperity. We must remain committed to resilient and forward-looking strategies to promote the transition to low-carbon models and sustainable development for domestic industries, build comprehensive green supply chains, enhance the international competitiveness of our industries, and bolster our national strengths.
    The government will work with the private sector to turn crises into opportunities, and actively address the challenges of climate change and net-zero transition. This will allow Taiwan’s economy to continue transitioning and progressing and remain committed to moving toward low-carbon and sustainable models. This will also keep the nation on the path forward and make Taiwan stronger, better, and more resilient.
    At today’s meeting, the Ministry of Environment (MOENV) will deliver a report on responding to ongoing changes and seizing opportunities for green transition, and the Financial Supervisory Commission (FSC) will report on financing for the green and energy transition to support Taiwan’s net-zero efforts. Those reports will explain how the administrative team is strengthening climate governance and execution, as well as how they are assisting various sectors to face challenges, align with international standards, seize opportunities, and jointly move toward a new low-carbon and sustainable future.
    The government will steadily implement a carbon pricing system and align with international standards to avoid foreign tariff penalties on high-carbon industries, which will ensure a competitive advantage for exports. We will also carefully plan a Taiwan version of the CBAM to maintain reasonable and fair domestic competition.
    The government will assist enterprises, especially small- and medium-sized enterprises, by providing carbon reduction tools such as carbon footprint verification and ESG disclosure, and will gradually compile a product carbon footprint digital database and support export enterprise efforts to meet international requirements. At the same time, we will drive resource integration and promote the circular economy and industry internationalization to create a Green Taiwan brand.
    In promoting net-zero transition, the financial sector plays a crucial role. By designing diverse investment and financing tools and financial products, and incorporating ESG factors into credit assessments, the financial sector can lead the way for enterprises and the public to take climate risks seriously. At the same time, it can support the development of low-carbon industries, thereby driving society as a whole to take sustainable action.
    Taiwan is a major financial market in Asia. On a solid foundation in ESG and sustainable finance, we must leverage our financial market, contributing Taiwan’s wisdom and strength to achieve the global net-zero transition.
    At the last meeting, I mentioned that strengthening social communication and climate change education are very important. Currently, the Executive Yuan, MOENV, and central government agencies have launched a series of social communication meetings regarding the proposed flagship carbon reduction projects for six major sectors, namely energy, manufacturing, transportation, residential and commercial, agricultural, and environment. At these meetings, representatives are invited from industry, government, academia, research institutions, and civil society groups to actively engage in dialogue and forge a consensus through collaborative thinking about climate solutions.
    In addition, the MOENV is collaborating with colleges and universities to establish an alliance to foster professionals in the net-zero and green-collar sectors. To this end, it will set up separate training centers in the north, central, southern, and eastern regions to expand capacity to train green-collar professionals. I also hope that, in addition to lectures given on university campuses, online courses on climate and net-zero topics can be designed specifically for high school students and teachers.
    Because we cannot leave anyone behind on the path to net-zero, we must actively engage in dialogue with young people and gradually prepare them to enter emerging green sector jobs to empower the nation and lay the foundation for Taiwan’s sustainable future.
    Let’s work together with the financial sector, industry, and all sectors of society to promote an orderly transition, achieve our vision for net-zero emissions by 2050, and leave a prosperous and sustainable homeland for future generations. Thank you. 
    Following his statement, President Lai heard a report on responding to ongoing changes and seizing opportunities for green transition from Minister of Environment Peng Chi-ming (彭啓明) and a report on financing for the green and energy transition to support Taiwan’s net-zero efforts from FSC Chairperson Peng Jin-lung (彭金隆). Afterward, President Lai exchanged views with the committee members regarding the content of the reports.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Senator Murray Meets with Farmworkers and Advocates to Discuss Uptick in ICE Enforcement in Skagit & Whatcom Counties

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    ***AUDIO HERE; PHOTOS and B-ROLL HERE***
    Burlington, WA— Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, met with farmworkers, advocates, and community members in Burlington to listen to their concerns amid a recent spike in U.S. Immigration and Customs Enforcement (ICE) activity—including large-scale raids and the detention of local activists and leaders—in Northwest Washington, particularly in Whatcom and Skagit counties.
    Joining Senator Murray for the meeting were: Don McMoran, Director of WSU Skagit County Extension; Rosalinda Guillen, Founder of Community-to-Community Development; Liz Darrow, Participatory Democracy Program Coordinator at Community-to-Community Development; Manuel Reta, President of the Northwest Washington Hispanic Chamber of Commerce; Gilberto Estrada, Property Manager at the Housing Authority of Skagit County; Jose Ramirez, President of Familias Unidas por la Justicia; Edgar Franks, Political Director at Familias Unidas por la Justicia; and a number of immigrant farmworkers and field workers from the community—including Beatriz Godinez, a field worker whose partner Alfredo “Lelo” Juarez Zeferino, a farmworker and advocate for farmworkers’ rights, was arrested in Sedro Wolley on March 25th while dropping Beatriz off at work at a tulip field. ICE agents smashed Lelo’s window to detain him, he was then taken to an ICE facility in Ferndale before being transported to the Northwest ICE Processing Center (NWIPC) in Tacoma, where he has been held since. In another recent high-profile immigration enforcement action, on April 2nd, officers from multiple federal law enforcement agencies detained 37 workers at Mount Baker Roofing in Bellingham.
    “Washington state’s amazing crops, like apples and cherries don’t just get to the store by magic. Tulips don’t just pick themselves. There is a lot of hard work, skill, and dedicated workers who bring our crops from farms to families. Farmworkers are a part of our economy and part of our communities, and we owe them gratitude, good wages, fair treatment, and safe work environments,” said Senator Murray. “There are so many ways Trump’s policies are going to hurt our workers—from gutting worker safety, to tariffs hurting the entire sector, to slashing investments in rural communities. But I have been especially alarmed by the surge in aggressive ICE raids. The stories from the past few months, across the country and right here in Washington state, are heartbreaking and chilling: people being mistreated by border officials and ICE agents, heartbreaking family deportations, and more.”
    “I firmly believe enforcing our immigration laws does not mean forsaking our bedrock principles like due process or ignoring our common sense and wasting crucial resources by targeting law-abiding people who pose no threat to public safety,” Senator Murray continued. “But that’s exactly what Trump is doing—violating the Constitution, ignoring the courts, and trampling the fundamental values we hold dear as a country to do it. It’s blatantly unlawful, and more than that it is cruel. This is creating so much pain and terror in our communities. It’s separating families, scaring workers, and emboldening racism. Our farmworkers don’t deserve to be treated like criminals—they deserve respect. And I will do everything in my power to lift up your voices, fight for your communities, and hold this administration to account.”
    “Alfredo is my partner… I miss him and I love him, so we want your help,” said Beatriz Godinez, a farmworker whose partner Alfredo “Lelo” Juarez Zeferino was arrested in Sedro Wolley on March 25th while dropping Beatriz off at work at a tulip field. Lelo is currently being held at the Northwest ICE Processing Center (NWIPC) in Tacoma Tacoma. Beatriz shared her story with the help of a translator. “ICE came and broke his window and pushed him against the car and were really rough with him, and put them in their ICE car… Lelo wants to be free so he can take care of his brothers and sisters and work so they can study… [Lelo] says that when he gets out, he wants to continue doing his work in the community and with the union, and he’s really hoping that he can get bond to be free to continue that.”
    “In Washington state, we have taken a lot of leadership as an organization and other Latino voters and participants in the state of Washington, along with Familias Unidas por la Justicia to improve conditions for farmworkers across the state. And we also took leadership in the passage of a bill that created an H-2A Oversight Committee, which we are the only state in the nation that’s trying to provide any kind of oversight and enforcement on this. This relates to the well being and job security of farmworkers in the state, but also protection for the H-2A program which is a very abusive program,” said Rosalinda Guillen, Founder of Community-to-Community Development. “We’ve been overseeing immigration rights and justice for over 20 years. We’ve never seen it like this. It is very aggressive, and we are seeing that Homeland Security is rooting itself in our counties. The numbers of H-2A agents, ICE agents present and the border patrol, and the way that they’re implementing the administration’s removal plan, it’s disrespectful, undignified and plain just not following due process…Because we believe, as I’m sure you know, this isn’t over yet, this is going to continue. And the lack of due process is really concerning all of us in the state of Washington, especially because, you know, we’re a state that did not come out in support of the current administration, so we think that we are being targeted in these two counties specifically because of some of the work of the farmworker union and other proactive organizations supporting due process and democracy in this in the state of Washington.”
    “Everything we do is important to this area. We do the pruning, the picking of all the strawberries, blueberries, blackberries, the cucumbers,” said Jose Ramirez, a farmworker and the President of Familias Unidas por la Justicia, who shared his story with the help of a translator. “We don’t want to be in fear. We’re sad about what happened with Alfredo, and I’ve known Alfredo since he started working in the field when he was 12 years old, and even to this day, he still works in the field. On top of that, he’s also still organizing workers. So, him being detained brings a lot of sadness to us, because the only thing that we’re doing here is nothing bad—we’re working and we’re trying to put our families first and take care of them. We don’t feel comfortable just trying to live our lives. And I can tell you about my own personal experience. Just a couple of days ago, I was getting ready to go to work, and outside of my apartment, I saw two unmarked cars that we think were ICE, in this parking lot. So that’s where I talked to my cousin, who also lives in the same apartment, and told them that we shouldn’t go to work that day. We had to lose that day of work. That’s eight hours of work that and wages that we don’t get, and we on top of that, we already don’t make enough money. So we just lost the day because we felt that, had we stepped out, ICE was going to get us.  and we stepped out… We have 600 members in peak season, 500 to 600 families, that’s what I see. I don’t want ICE to come and start separating families. When I see workers in the field, in any field, I don’t see how they call us criminals—I don’t see that. You see people that are there just harvesting and feeding the world, not just trying to make ends meet or, you know, working, but the people that are there harvesting food and doing everything for bettering the world.”
    “What happened with Lelo we feel was done intentionally to silence farm workers and leaders,” said Edgar Franks, Political Director at Familias Unidas por la Justicia. “Familias Unidas has been one of the unions that has been the most outspoken throughout the state and the country on issues on immigration, on labor, on various issues, on climate. And we feel that, because of that outspokenness, that they might be—the leadership might be a potential risk for being targeted for political reasons. You know, I think that throughout the years, the union has won many battles, political battles. You know, we got a Supreme Court hearing in the state that, for the first time, gave workers the right to paid rest breaks. We got overtime for farm workers here, we passed heat and smoke rules for farmworkers and agriculture workers, emergency COVID rules. All these things were done because of the union… So we feel that those things [that] really make the union leadership as effective as they are, also puts them in a dangerous situation. So we are asking for any kind of protection that can be done to give the workers and that security that they’ll be able to go work, fight for justice, and also be able to go back home to their families at the end of the day, just like everybody else.”
    “Skagit County Agriculture is in a very difficult position in 2025.  Nationwide, farm bankruptcies are up 55 percent in 2024 and many will not survive without everyone working together, including farm labor,” said Don McMoran, Director of WSU Skagit County Extension.
    Senator Murray has championed comprehensive and humane immigration reform throughout her Senate career, repeatedly pushing for legislative solutions that would offer a fair pathway to citizenship for the more than 11 million undocumented immigrants living in America, including Dreamers, farmworkers, and those with Temporary Protected Status. She has long worked on legislative efforts to bring dignity and humanity to our immigration system—from protecting the health and safety of immigrant workers, to recognizing and bolstering America’s historical commitment to refugees and asylum seekers and more. She was outspoken in opposition to the Laken Riley Act, arguing it threatened to  drastically undermine civil liberties and divert resources from detaining true threats to public safety.

    MIL OSI USA News

  • MIL-OSI New Zealand: TEST: New Independent Information and Debate Platform PodTalk.Live calls for Foundation Members

    Source: NewzEngine.com

    Immediate Release

    Source: PodTalk.Live

    After a successful beta-launch in April PodTalk.live is now ready to invite people to register as foundation members. It is free to join the post and podcast social platform.

    The free Foundation Membership soft-launch is a great opportunity for founders to help shape a brand new, vibrant, algorithm-free, info discussion and debate social platform.

    PodTalk.live has been custom-designed, created and is served from New Zealand. It is founded on the belief that for social, political and economical progress to occur people need to discuss issues in a safe environment and embark on robust debate.

    Developer of the platform, Selwyn Manning said: “PodTalk.live has been put to test by selected individuals and we are pleased to report that it has performed fabulously.”

    Manning is founder and managing director of the company that custom-developed PodTalk.live – Multimedia Investments Ltd (MIL: milnz.co.nz).

    MIL is based in New Zealand, where PodTalk.live was developed and is served from.

    And now, PodTalk.live has emerged from its Beta stage and is ready for foundation members to shape the next phase of its development.

    About PodTalk.Live:

    PodTalk.live was designed to be an alternative platform to other social media platforms. PodTalk has all the functions that most social media platforms have but has placed the user-experience at the centre of its backend design and engineering.

    “We ourselves became annoyed at how social media giants use algorithms to drive what content their users see and experience. And, we also were appalled at how some social media companies trade user data, and were unresponsive to user-concerns” Selwyn Manning said.

    “So we decided to create a platform that focuses on ‘discussion and debate’ communities, and we have engineered PodTalk to ensure the content that users see is what they choose – rather than some obscure algorithm making that decision for them.

    PodTalk.live is independent from other social media platforms, and at best will become an alternative choice for people who seek a community where they are the centre of a platform’s core purpose.

    “And today, we invite people to sign up now and become foundation members of this new and ethically-based social community platform,” Selwyn Manning said.

    PodTalk.live provides:

    • user profiles with full interactivities with other users and friends
    • user created groups, posts, video, images, polls, and file sharing
    • private and secure one-on-one (and group) messages
    • availability of all the above for entry users with a free membership
    • premium membership for podcasters and event publishers requiring easy to use podcast publication and syndication services
    • next-level community engagement tools that users all on the one platform.

    In addition, PodTalk.live will host:

    • Live audio and video webcasts with special guests and member talkback events
    • premium video and audio podcasts (on-demand and live)
    • premium posts on big issues from prominent writers
    • featured documentaries on interesting and important topics.

    Security Safety Moderation:

    Security and safety has been baked into PodTalk’s function and culture. And at PodTalk, free-speech is welcomed but hate speech is rejected.

    “With PodTalk, we recognise that many people, wherever they live, require security and at times anonymity so to avoid reprisals from authorities and other actors,” Selwyn manning said.

    “Along with a strong focus on security, and guidance on how to remain anonymous when necessary, we have built robust member-moderation into the core of PodTalk to ensure users are in control of their experience.”

    “PodTalk has robust moderation tools so that members can easily block and report those who they feel disrupt their experience,” Selwyn Manning said.

    And now, we invite all who seek an information, discussion and debating community to register as foundation members.

    To do so, simply go to: https://PodTalk.Live and register. Once on the platform, members can familiarise themselves with what PodTalk.Live has to offer, and begin to create their own online community experience.

    “We are working on audio-to-text multi-language translation+transcription tools, and will soon push the boundaries of cutting edge on-platform communication tools,” Selwyn Manning said.

    The platform already has cutting edge tech, also smart community and premium publishing tools – including an invitation tool so you can invite your friends and grow your community.

    Register free as a founder. Check out the platform. See you there…

    – Published by MIL OSI in partnership with NewzEngine.com

    MIL OSI New Zealand News

  • MIL-OSI USA: Murphy, Blumenthal, Larson, Courtney, Hayes Call On Trump Administration To Reverse Dismissal Of AmeriCorps Volunteers And Staff

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy
    HARTFORD—U.S. Senators Chris Murphy (D-Conn.) and Richard Blumenthal (D-Conn.) and U.S. Representatives John B. Larson (D-Conn.-01), Joe Courtney (D-Conn.-02), Rosa DeLauro (D-Conn.-03) and Jahana Hayes (D-Conn.-05) on Thursday sent a letter calling on the Trump Administration to reverse last week’s sudden dismissal of all student volunteers with the National Civilian Community Corps (NCCC) and plans for mass layoffs at AmeriCorps at the direction of Elon Musk’s ‘DOGE.’
    “Slashing a program that puts thousands of young Americans to work serving their country and communities is downright reckless—it cripples disaster relief, undercuts education, and weakens public health where it’s needed most,” said Murphy. “If you’re cutting national service while handing tax breaks to billionaires, you’re not serving the country—you’re serving yourself and your megarich buddies.” 
     “AmeriCorps’ hard-working volunteers across Connecticut have supported a variety of critical needs in our state from disaster recovery to public health outreach to youth mentoring. Trump and Musk are recklessly decimating community programs with proven success— another gut punch to dedicated public servants. Patriotic volunteers like Sarah Meade, who simply seek to give back to our nation, deserve better than Trump’s back of the hand. This cruel, shortsighted step shortchanges the nation,” said Blumenthal. 
     “More than 60 years since President Kennedy’s famous call to service, AmeriCorps mobilizes hundreds of thousands of Americans each year to support disaster relief efforts, school mentoring programs, and more,” said Larson. “President Trump and Elon Musk’s ‘DOGE’ are trying to dismantle and defund these programs, even recalling volunteers who were building homes for hurricane victims in North Carolina. Here in Connecticut, these cuts could shutter programs for our youth, seniors, and veterans. I stand with my constituents who were dismissed with no explanation after answering the call to service, including Southington resident Sarah Meade who has bravely come forward to share her story. President Trump must reverse course so disaster relief efforts can continue unimpeded, and AmeriCorps volunteers can continue to deliver critical services. We will keep fighting to preserve President Kennedy’s vision from these drastic ‘DOGE’ cuts.” 
    “Elon Musk’s DOGE has taken its sledgehammer to AmeriCorps and practically eliminated our nation’s leading agency that provides essential services to veterans, children, and seniors. I’m all for making our government work more efficiently, but indiscriminately slashing yet another agency will not achieve that goal. The free rein Elon Musk and DOGE have been given to cut services without oversight is irresponsible and cruel,” said Courtney. 
    “The Trump Administration’s decision to dismiss National Civilian Community Corps student volunteers and move forward with mass layoffs at AmeriCorps is an attack on public service and civic engagement,” said DeLauro. “These young people commit themselves to disaster relief, environmental protection, and community rebuilding. That is not waste. It’s exactly what government should do-improve the lives of Americans. The Trump Administration must reverse course immediately.” 
    “Programs like AmeriCorps NCCC embody national service and deserve greater investment, not abandonment. The 200 Connecticut AmeriCorps locations work hand in hand with local partners to empower individuals to assist communities tackle their toughest challenges. President Trump must reverse course to ensure these essential services many rely on continue unimpeded,” said Hayes. 
    “The demobilization of AmeriCorps NCCC and placing nearly 85% of federal agency staff on administrative leave is a clarion call for Connecticut communities where more than 2,200 AmeriCorps members serve in several hundred statewide locations,” said Jacqueline M. Lucier, Executive Director of Serve Connecticut. “Life without AmeriCorps in Connecticut means veterans in Groton losing vital daily support, students missing out on safe afterschool programs, young adults losing a pathway into public service, and the absence of low-income Americans aged 55 and older providing one-on-one mentoring and academic support to children with exceptional needs. With programs frozen or dismantled, the ripple effect threatens our most vulnerable residents and the civic fabric that holds them together.” 
    “AmeriCorps NCCC gave me the opportunity to support environmental stewardship with Arkansas State Parks, assist with long-term disaster relief in Houston, and support food security efforts in El Paso. My service term, while abruptly cut short, provided me with a unique experience to become fully immersed in diverse, resilient communities across the country, which expanded my worldview and molded me into a more empathetic, service-minded citizen. Programs like AmeriCorps NCCC, which foster national service, purpose, and our shared responsibility to serve our fellow Americans, are vital to the spirit of our nation and deserve renewed investment, not abandonment,” said Sarah Meade, Southington resident and former NCCC volunteer. 
    The dismissal of all NCCC volunteers included volunteers building homes for Hurricane Helene and Milton victims, as well as assisting with disaster response following the Los Angeles wildfires. More than 200,000 Americans participate in AmeriCorps-led service projects at over 35,000 locations each year. Funding for AmeriCorps has consistently been approved by Congress and was signed into law as recently as last month.  
    The lawmakers are calling on the Trump Administration to reverse the recall of NCCC volunteers and halt plans for a reduction in force of 85% of the workers at AmeriCorps.
    Full text of the letter is available HERE and below: 
    Dear President Trump:
    We write to express our strong support for AmeriCorps and urge you to reverse both the recall of all NCCC AmeriCorps members and the recently implemented drastic reductions in force across the AmeriCorps agency. We are deeply concerned these actions will prevent the agency from continuing to deliver critical services, which include supporting veterans, fighting wildfires, tutoring in schools, combatting the fentanyl epidemic, and much more.
    For more than thirty years, AmeriCorps has been our nation’s leading provider of grants that support and promote national service and volunteerism. Through programs like AmeriCorps and AmeriCorps Seniors, more than 200,000 Americans participate in results-driven service projects at more than 35,000 locations across the country each year. Working hand in hand with thousands of nonprofit, faith-based, and community organizations, these dedicated Americans recruit and manage millions of additional volunteers as they work to promote employment opportunities, prepare a better-trained workforce, and provide essential services to veterans, children, and seniors. AmeriCorps’ track record of delivering for Americans has earned broad and longstanding support from business leaders, mayors, and governors of both parties.
    AmeriCorps is a public-private partnership that leverages approximately $1 billion in matched resources from the private sector, foundations, and local agencies to support organizations across the country working in creative ways to tackle our most persistent and costly challenges. While it is important the agency continue to make measurable progress toward an improved audit performance, federal investments in AmeriCorps already delivers returns for the American people. A 2020 study found that for every one dollar that Congress appropriates to AmeriCorps and AmeriCorps Seniors programs, they return over $17 in benefits to society, program members, and the government. Further, the AmeriCorps programs are a smart investment in our country’s future. AmeriCorps service allows members to gain marketable job skills in high demand fields and pursue higher education, preparing more Americans to succeed in the workforce.
    We have seen firsthand the critical impact these programs have across the states we represent. We urge the administration to continue implementing the statutory requirements of the national service laws:
    Domestic Volunteer Service Act of 1973, Public Law 93-113.
    National and Community Service Act of 1990, Public Law 101-610.
    National and Community Service Trust Act of 1993, Public Law 103-82.
    Edward M. Kennedy Serve America Actor 2009, Public Law 111-13.
    Additionally, Congress recently passed the Full-Year Continuing Appropriations and Extensions Act of 2025, which maintained funding for AmeriCorps at its Fiscal Year 2024 level. We expect that the administration will implement this law in a manner consistent with the allocations enacted in Fiscal Year 2024. However, we have grave concerns that significant reductions in force will prevent AmeriCorps from being able to effectively and efficiently award appropriated funding to programs operating in communities across the country.
    We are deeply concerned by reports that a majority of AmeriCorps staff have been placed on administrative leave and that more than 750 NCCC members have already been recalled from their field assignments. Many of these volunteers were working in disaster response roles, including building homes for individuals who lost theirs in the wake of Hurricanes Helene and Milton. If not reversed, these recent actions will both stop current programs and prevent timely and efficient execution of the agency’s fiscal year 2025 appropriations, delaying or even halting the recruitment and deployment of new AmeriCorps members around the country. We are deeply concerned that is the goal: to eliminate AmeriCorps, in direct conflict with recently enacted appropriations. However, even delays will disrupt programs Americans rely on for their health, education, and safety. We urge you to reverse these actions and instead work with Congress on bipartisan improvements to AmeriCorps so that more Americans have the opportunity to serve their communities.

    MIL OSI USA News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for April 25, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on April 25, 2025.

    Labor takes large leads in YouGov and Morgan polls as surge continues
    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne With just eight days until the May 3 federal election, and with in-person early voting well under way, Labor has taken a seven-point lead in a national

    Beating malaria: what can be done with shrinking funds and rising threats
    Source: The Conversation (Au and NZ) – By Taneshka Kruger, UP ISMC: Project Manager and Coordinator, University of Pretoria Healthcare in Africa faces a perfect storm: high rates of infectious diseases like malaria and HIV, a rise in non-communicable diseases, and dwindling foreign aid. In 2021, nearly half of the sub-Saharan African countries relied on

    Open letter to Fijians – ‘why is our country supporting Israel’s heinous crimes in Gaza?’
    Pacific Media Watch The Fijians for Palestine Solidarity Network today condemned the Fiji government’s failure to stand up for international law and justice over the Israeli war on Gaza in their weekly Black Thursday protest. “For the past 18 months, we have made repeated requests to our government to do the bare minimum and enforce

    Scares and stunts in the home stretch: election special podcast
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Michelle Grattan and Amanda Dunn discuss the fourth week of the 2025 election campaign. While the death of Pope Francis interrupted campaigning for a while, the leaders had another debate on Tuesday night and the opposition (belatedly) put out its

    Grattan on Friday: Coalition’s campaign lacks good planning and enough elbow grease
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Whatever the result on May 3, even people within the Liberals think they have run a very poor national campaign. Not just poor, but odd. Nothing makes the point more strongly than this week’s release of the opposition’s defence policy.

    Inside the elaborate farewell to Pope Francis
    Source: The Conversation (Au and NZ) – By Carole Cusack, Professor of Religious Studies, University of Sydney ➡️ View the full interactive version of this article here. Carole Cusack 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

    5 ways to tackle Australia’s backlog of asylum cases
    Source: The Conversation (Au and NZ) – By Daniel Ghezelbash, Professor and Director, Kaldor Centre for International Refugee Law, UNSW Law & Justice, UNSW Sydney People who apply for asylum in Australia face significant delays in having their claims processed. These delays undermine the integrity of the asylum system, erode public confidence and cause significant

    Preference deals can decide the outcome of a seat in an election – but not always
    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne Every election cycle the media becomes infatuated, even if temporarily, with preference deals between parties. The 2025 election is no exception, with many media reports about preference

    What is preferential voting and how does it work? Your guide to making your vote count
    Source: The Conversation (Au and NZ) – By Robert Hortle, Deputy Director, Tasmanian Policy Exchange, University of Tasmania For each Australian federal election, there are two different ways you get to vote. Whether you vote early, by post or on polling day on May 3, each eligible voter will be given two ballot papers: one

    Back to the fuel guzzlers? Coalition plans to end EV tax breaks would hobble the clean transport transition
    Source: The Conversation (Au and NZ) – By Anna Mortimore, Lecturer, Griffith Business School, Griffith University wedmoment.stock/Shutterstock If elected, the Coalition has pledged to end Labor’s substantial tax break for new zero- or low-emissions vehicles. This, combined with an earlier promise to roll back new fuel efficiency standards, would successfully slow the transition to hybrid

    Many experienced tradies don’t have formal qualifications. Could fast-tracked recognition ease the housing crisis?
    Source: The Conversation (Au and NZ) – By Pi-Shen Seet, Professor of Entrepreneurship and Innovation, Edith Cowan University Once again, housing affordability is at the forefront of an Australian federal election. Both major parties have put housing policies at the centre of their respective campaigns. But there are still concerns too little is being done

    This may be as good as it gets: NZ and Australia face a complicated puzzle when it comes to supermarket prices
    Source: The Conversation (Au and NZ) – By Richard Meade, Adjunct Associate Professor, Centre for Applied Energy Economics and Policy Research, Griffith University Daria Nipot/Shutterstock With ongoing cost of living pressures, the Australian and New Zealand supermarket sectors are attracting renewed political attention on both sides of the Tasman. Allegations of price gouging have become

    The phrase ‘fuzzy wuzzy angels’ is far from affectionate – it reflects 500 years of racism
    Source: The Conversation (Au and NZ) – By Erika K. Smith, Associate Lecturer, School of Social Sciences, Western Sydney University This article contains mention of racist terms in historical context. Every Anzac Day, Australians are presented with narratives that re-inscribe particular versions of our national story. One such narrative persistently claims “fuzzy wuzzy angel” was

    Why AUKUS remains the right strategy for the future defence of Australia
    Source: The Conversation (Au and NZ) – By Jennifer Parker, Adjunct Fellow, Naval Studies at UNSW Canberra, and Expert Associate, National Security College, Australian National University Australian strategic thinking has long struggled to move beyond a narrow view of defence that focuses solely on protecting our shores. However, in today’s world, our economy could be

    Election meme hits and duds – we’ve graded some of the best (and worst) of the campaign so far
    Source: The Conversation (Au and NZ) – By T.J. Thomson, Senior Lecturer in Visual Communication & Digital Media, RMIT University As Australia begins voting in the federal election, we’re awash with political messages. While this of course includes the typical paid ads in newspapers and on TV (those ones with the infamously fast-paced “authorised by”

    Markets are choppy. What should you do with your super if you are near retirement?
    Source: The Conversation (Au and NZ) – By Natalie Peng, Lecturer in Accounting, The University of Queensland Shutterstock For Australians approaching retirement, recent market volatility may feel like more than just a bump in the road. Unlike younger investors, who have time on their side, retirees don’t have the luxury of waiting out downturns. A

    Provocative, progressive and fearless: why Beatrice Faust’s views still resonate in Australia
    Source: The Conversation (Au and NZ) – By Judith Brett, Emeritus Professor of Politics, La Trobe University Beatrice Faust is best remembered as the founder, early in 1972, of the Women’s Electoral Lobby (WEL). Women’s Liberation was already well under way. Betty Friedan had published The Feminine Mystique in 1962, arguing that many women found

    ER Report: A Roundup of Significant Articles on EveningReport.nz for April 24, 2025
    ER Report: Here is a summary of significant articles published on EveningReport.nz on April 24, 2025.

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Labor takes large leads in YouGov and Morgan polls as surge continues

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    With just eight days until the May 3 federal election, and with in-person early voting well under way, Labor has taken a seven-point lead in a national YouGov poll and an 11-point lead in a Morgan poll. An exit poll of early voters is also encouraging for Labor.

    A national YouGov poll, conducted April 17–22 from a sample of 1,500, gave Labor a 53.5–46.5 lead, a 0.5-point gain for Labor since the April 11–15 YouGov poll. This is Labor’s biggest lead in YouGov this term.

    Primary votes were 33.5% Labor (up 0.5), 31% Coalition (down two), 14% Greens (up one), 10.5% One Nation (up 3.5), 2% Trumpet of Patriots (steady), 5% independents (down four) and 4% others (up one). In this poll, the Coalition has lost votes on its right to One Nation.

    Using 2022 election preference flows would give Labor about a 55–45 lead from these primary votes. YouGov is applying preference flows from its previous MRP poll that was conducted from late February to late March.

    However, recent polls that use respondent preferences suggest the gap in the Coalition’s favour between respondent and 2022 preference flows has dropped to nearly zero. This means YouGov’s current preference assumptions may be too pro-Coalition. The Poll Bludger expects another YouGov MRP poll this weekend.

    While the gap between Morgan and YouGov’s headline voting intentions is two points, Morgan is using respondent preferences for all their polls, while YouGov uses respondent preferences from its last MRP poll. By 2022 election flows, the gap is only 0.5 points.

    Here is the poll graph of Labor’s two-party vote in national polls. If YouGov and Morgan are right, Labor is likely headed for a landslide re-election. The only recent poll that has had the Coalition in a decent position was the April 14–16 Freshwater poll.

    Both the YouGov and Morgan polls were taken after candidate nominations were declared on April 11. Both are now using seat-specific candidate lists in their polls. Support for independents fell as many seats don’t have viable independent candidates.

    Anthony Albanese’s net approval in YouGov slid one point to -7, with 49% dissatisfied and 42% satisfied. Peter Dutton’s net approval slumped eight points to a record low in this poll of -18. Albanese led Dutton as better PM by 50–35 (48–38 previously).

    Labor takes double-digit lead in Morgan poll

    A national Morgan poll, conducted April 14–20 from a sample of 1,605, gave Labor a 55.5–44.5 lead by headline respondent preferences, a one-point gain for Labor since the April 7–13 Morgan poll.

    Primary votes were 34.5% Labor (up 2.5), 34% Coalition (up 0.5), 14.5% Greens (steady), 6% One Nation (steady), 0.5% Trumpet of Patriots (down 0.5), 7.5% independents (down 2.5) and 3% others (steady). By 2022 election flows, Labor led by 55.5–44.5, a one-point gain for Labor.

    By 48–34, voters thought Australia was headed in the wrong direction (48.5–34.5 previously). Morgan’s consumer confidence index increased 1.3 points to 85.5.

    Exit polls of early voting in 19 seats encouraging for Labor

    The News Corp tabloids on Thursday released results of exit polls of pre-poll voters from the first two days of in-person early voting (Tuesday and Wednesday). A total of 4,000 voters were surveyed across 19 seats (just over 200 per seat). The swings in these polls were compared against all votes in these seats in 2022, not just the early votes.

    In Australia, Labor does better on election day booths than in pre-poll voting booths. ABC election analyst Antony Green said Labor’s two-party vote was 2.8 points higher at election day booths compared with pre-poll votes in 2022.

    I also believe relatively few young people will vote very early based on US experience, so the demographic mix of these early votes will skew older and less Greens-friendly than the final early vote.

    Comparing these very early exit polls with the final vote from pre-poll centres in 2022, The Poll Bludger had Labor gaining primary vote swings in all seats that are likely to be Labor vs Coalition contests, while the Coalition was down except in Victoria. The Greens also dropped, but not in the Brisbane Greens-held seats.

    If these very early pre-poll votes skew older than the final pre-poll votes and these exit polls are representative of people who have already voted, the Coalition is in big trouble.

    Newspoll aggregate data from late March to mid-April

    The Australian on Tuesday released aggregate data for the four Newspolls conducted during the election campaign. These polls were conducted from late March to mid-April from an overall sample of 5,033.

    The Poll Bludger said Labor led by 52–48 in New South Wales, a two-point gain for Labor since the January to March Newspoll aggregate. Labor led by 53–47 in Victoria, a two-point gain for Labor. The Coalition led by 54–46 in Queensland, a three-point gain for Labor. Labor led by an unchanged 54–46 in Western Australia. Labor led by 55–45 in South Australia, a five-point gain for Labor.

    The Poll Bludger’s poll data has Labor leading with the university-educated by 55–45, a three-point gain for Labor. Among those with a TAFE/technical education, there was a 50–50 tie, a two-point gain for Labor. Among those without tertiary education, there was a 50–50 tie, a two-point gain for Labor.

    The Poll Bludger’s BludgerTrack now gives Labor a national 53.0–47.0 lead, a 0.9% swing to Labor since the 2022 election. In NSW, Labor leads by 53.4–46.6, a 2.0% swing to Labor. In Victoria, Labor leads by 52.8–47.2, a 2.0% swing to the Coalition. In Queensland, the Coalition leads by 52.5–47.5, a 1.5% swing to Labor. In WA, Labor leads by 57.6–42.4, a 2.6% swing to Labor. In SA, Labor leads by 56.8–43.2, a 2.8% swing to Labor.

    DemosAU poll of Greens-held Brisbane seats

    The Poll Bludger reported Tuesday that DemosAU collectively polled the three Greens-held Brisbane seats (Brisbane, Ryan and Griffith) in mid-April from a sample of 1,087. Labor led the Liberal National Party by 56–44 while the Greens led by 55–45. The LNP had 36% of the primary vote across these three seats, with the Greens and Labor tied at 29%.

    In 2022, primary votes across these seats were 35.7% LNP, 30.7% Greens and 26.2% Labor. The small swing to Labor and against the Greens implies Labor would gain Brisbane from the Greens, with the Greens retaining Ryan and Griffith.

    This poll is far more plausible than the JWS polls that had huge swings to the LNP in all these seats and the Greens a distant third in Brisbane and Ryan.

    NSW Resolve poll: Labor gains from low

    A New South Wales state Resolve poll for The Sydney Morning Herald, conducted with the late March and mid-April federal Resolve polls from a sample of 1,123, gave the Coalition 36% of the primary vote (down two since February), Labor 33% (up four), the Greens 11% (down three), independents 14% (up three) and others 6% (down two).

    No two-party estimate was provided, but The Poll Bludger said Labor had about a 52–48 lead. Labor incumbent Chris Minns led the Liberals’ Mark Speakman as preferred premier by 40–15 (35–14 previously).

    Asked about NSW government services, by 42–27 voters thought public schools good, by 43–32 they thought public transport good and by 37–36 they thought road infrastructure good. But public hospitals were thought poor by 42–38.

    Adrian Beaumont 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. Labor takes large leads in YouGov and Morgan polls as surge continues – https://theconversation.com/labor-takes-large-leads-in-yougov-and-morgan-polls-as-surge-continues-255026

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Reed: Trump’s Reckless Attacks on Fed’s Powell Are Destabilizing & Hurt the Economy

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    PROVIDENCE, RI – As President Donald Trump continues to threaten to illegally fire Federal Reserve Chair Jerome H. Powell unless he prioritizes Trump’s political preferences over responsible economic policy, U.S. Senator Jack Reed (D-RI), a member of the Senate Banking, Housing and Urban Affairs Committee, is warning that Trump’s irresponsible rhetoric is doing financial harm to American families, businesses, and the U.S. economy.

    “Donald Trump is a one man financial crisis.  He inherited a strong, growing economy and has senselessly decimated it with irrational tariff taxes and reckless threats to obliterate the Fed’s independence.  So far, Trump’s economic policies have been a disaster for Main Street and a nightmare for Wall Street.  And now, he wants Chair Powell and the Fed to prioritize his political concerns over economic reality by cutting rates and increasing inflation in order to stimulate the economy he is wrecking.  He needs to reverse course and responsible people across the political spectrum need to speak up or risk having him politically interfere in monetary policy and cause very bad financial outcomes for all Americans,” said Senator Reed.

    As Fed Chair, Jerome Powell is statutorily tasked with achieving the Fed’s dual mandate of stable prices – low inflation – and maximum employment.  This task has been made more difficult by President Trump’s tariff taxes, which researchers at Yale have found will raise inflation from 2.5% today to around 5.5% in the coming months. 

    Last week, during a speech outlining his economic outlook, Chair Powell noted that the President’s tariffs will raise prices and impact how the Fed works to achieve its dual mandate – something economists and analysts across the political spectrum have warned for months.  Seemingly in response, President Trump said he’s not happy with Powell and declared that he has the power to replace him. “If I want him out, he’ll be out of there real fast, believe me,” Trump said. “I’m not happy with him.”  Trump later called on the Fed to cut interest rates while admitting his policies are slowing the economy, writing the Fed needs to make “Preemptive Cuts” to interest rates, and “there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.”

    Senator Reed warns it could be “catastrophic” for the U.S. economy if President Trump tries to fire Fed Chair Powell to get the Fed to cut interest rates.

    “When President Nixon strong-armed the Fed to keep rates low and help his re-election efforts, inflation skyrocketed in part because the Fed was slow to react to raising prices.  Inflation eventually reached nearly 15% and the Fed was forced to push the U.S. into a deep recession in order to lower prices.  One of the main lessons of this was crisis was that our central bank must be independent of politics – that is part of what keeps our economy strong, stable, and attractive to investors.  It would be catastrophic if Powell gave in to Trump’s threats or if Trump tries to fire Powell, whose job is to tune out politics and keep the U.S. economy on the right course.  That would risk a return to sky-high inflation and do severe, permanent harm to the financial well-being of all Americans.”

    “Instead of pressuring Powell, President Trump should stop pursing an irresponsible tariff agenda that is pushing up prices for hardworking Americans.  Trump’s threats have already roiled financial markets.  If he goes further, the harmful effects will spread to families and businesses.

    Under current law, the President is not allowed to fire the Fed Chair for political reasons.  The Federal Reserve Act of 1913 establishing the Fed stipulates that members of its Board of Governors, appointed by the president and confirmed by the U.S. Senate to staggered 14-year terms, can only be removed for “cause” – which experts widely agree only means misconduct, not policy disputes or for political favor.

    In 2017, Trump nominated Powell to a four year term as Fed chair.  He was later reappointed by former President Biden.  Powell, who also served as Under Secretary of the U.S. Department of the Treasury under President George H.W. Bush, has explicitly said he would not step down as Fed chair if Trump asked him.

    Powell’s tenure as Fed Chair runs through May 2026, which means President Trump could replace him then.  The U.S. Senate must vote to confirm the Chairman of the Federal Reserve. 

    MIL OSI USA News

  • MIL-OSI USA: RI Delegation Calls Out Trump’s 100 Days of Economic Chaos

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    PROVIDENCE, RI – As President Trump approaches his first 100 days in office at the end of the month, U.S. Senators Jack Reed and Sheldon Whitehouse and Congressmen Seth Magaziner and Gabe Amo gathered in Providence today to highlight the economic chaos and financial damage President Trump has caused for families and small businesses and warn that the President could induce a recession unless he changes course.

    Rhode Island’s Congressional delegation says the Trump Administration, Elon Musk’s so-called Department of Government Efficiency (DOGE), and Congressional Republicans continue to threaten Rhode Islanders’ Social Security benefits, Medicaid coverage, nutrition assistance, and federal investments in science and education in favor of a billionaires-first tax agenda.

    President Trump’s scattershot and indiscriminate tariff plan will force families to pay nearly $5,000 more each year.  It has already wiped out trillions of dollars from the stock market and is raising costs and uncertainty for American families and manufacturers.

    Rhode Island’s Congressional delegation visited Farm Fresh today to discuss the impact Trump’s policies are having on everything from food prices to health care and the instability it’s causing for consumers and businesses alike.

    “Donald Trump is a one man financial crisis and has single-handedly driven down consumer confidence and forced up prices with his reckless tariff taxes.  He inherited an economy that was on the upswing and senselessly decimated it with policies that raised prices, deterred investment, and needlessly triggered financial turmoil.  So far, Trump’s economic policies have been a disaster for Main Street and a nightmare for Wall Street.  Instead of increasing costs on consumers and businesses, President Trump must reverse course and work with Democrats to actually lower prices and get our economy working and growing again,” said Reed.

    “Rhode Island is a small business state, and the Trump Tariffs are saddling many business owners with major economic uncertainty,” said Whitehouse.  “Trump is constantly changing his mind about how and when he’s going to slap tariffs on our allies so Republicans can help pay for big tax cuts for giant corporations and the wealthy.  That leaves small business owners wondering which products they’ll be able to stock and at what cost, and whether they’ll be able to make payroll.”

    “Donald Trump’s first 100 days have been an economic disaster,” said Magaziner.  “This is to be expected from an administration of out-of-touch billionaires with no idea what working people go through on a daily basis.  The Trump Administration’s assault on essential programs even includes education – as they have proposed cutting funding for public schools and job training.  I’ll keep fighting alongside the rest of the Rhode Island Congressional delegation to protect education funding, push back against Trump’s extremism, and stand up for our state.”

    “Over the past 100 days, Donald Trump has unleashed a torrent of chaos and confusion on a number of fronts.  This isn’t fear mongering.  Rhode Islanders are right to be afraid when they see the largest number ever — $880 billion — in proposed cuts to Medicaid,” said Amo.  “Yet Medicaid isn’t just a government program; it’s about universal values.  Make no mistake, as a united delegation, we’ll keep sounding the alarm every day until these harmful proposals are defeated for good.”

    Americans are not buying President Trump’s false claims about the prices of gas, eggs, and other groceries: President Trump claimed that gas costs $1.98 per gallon in some states when the national average price is currently $3.17 per gallon and $2.94 in Rhode Island.  Additionally, Trump claimed egg prices are down 94 percent since he took office.  The national average price of eggs in March 2025 was $6.23 – setting an all-time high for the third straight month.  And elsewhere at the grocery store, Americans are paying more for things like coffee – the average price of coffee in March 2025 was $7.38 – up 15 percent since the beginning of the year, while the national average price of ground beef in March 2025 was $5.79, a 3 percent increase from the previous month.

    “In Rhode Island, nearly 40 percent of our population is food insecure.  This means over 42 million meals missed last year by children, seniors and low-income families. The proposed cuts to the SNAP program will not help Rhode Island to lower these awful numbers. The actions of the current administration, including recent USDA funding terminations, are exacerbating this problem by eliminating programs that connect local food from Rhode Island into schools, and the emergency food system.  Any cuts to SNAP are also cuts to our local economy.  Many local farmers and fishers benefit from SNAP redemption at farmers markets statewide.  It is imperative for the state’s well-being that we empower local farmers, fishers and food producers to be part of the solution to end hunger, raise healthy children and boost our local economy,” said Jesse Rye, Executive Director of Farm Fresh Rhode Island.

    Trump’s trade war has created chaos for the economy, driving prices up for families and small businesses.  The President’s blanket tariffs on nearly every product imported into the U.S., including 25 percent tariffs on Canada, Rhode Island’s biggest international trading partner, has already impeded businesses in our state.  The tariffs have increased the cost of imported goods and raw materials on which small businesses depend.  These rising costs have slowed production, reduced competitiveness, and left business owners scrambling.  International travel to the United States has declined sharply since President Trump returned to office, threatening Rhode Island’s tourism industry in the busy summer months ahead.

    Consumer confidence is down nearly 30 percent and the value of the dollar is down nearly 10 percent since President Trump took office.  Prices on everyday goods are expected to climb, with year-ahead inflation expectations hitting 6.7% in April – the highest reading since 1981.  The stock market has dropped considerably, causing retirement plans and savings to plummet as the risk of a recession skyrockets. 

    The Trump administration and Elon Musk’s Department of Government Efficiency are threatening the stability of Social Security benefits for the over 230,000 Rhode Islanders who receive them through customer service cuts and staff firings and buyouts.  President Trump and Congressional Republicans are also trying to take health care coverage from many of the nearly 330,000 Rhode Islanders – 30 percent of the state’s population – who are enrolled in Medicaid or CHIP.  To pay for trillions in tax cuts for mega-corporations and the wealthy, Republicans are preparing to pass a bill with $880 billion in Medicaid cuts.  Approximately 44 percent of births in Rhode Island are covered by Medicaid, and half?of all Rhode Island kids are enrolled in Medicaid.

    MIL OSI USA News

  • MIL-OSI Banking: Press Briefing Transcript: Middle East and Central Asia Department, Spring Meetings 2025

    Source: International Monetary Fund

    April 24, 2025

    Speaker: Mr.Jihad Azour, Director of Middle East and Central Asia Department, IMF

    Moderator: Ms. Angham Al Shami, Communications Officer, IMF

    MS. AL SHAMI: Good morning. Thank you for joining us in this press briefing on the Regional Economic Outlook for the Middle East and Central Asia. My name is Angham Al Shami, from the Communications Department here at the IMF. 

    If you’re joining us online, we do have Arabic and French interpretations that you can access on the IMF Regional Economic Outlook webpage and the IMF Press Center as well.  And for those of you in the room, you also have equipment to access that. 

    Today I’m joined by Jihad Azour, the Director of the Middle East and Central Asia Department, who will give us an overview of the outlook of the region, and then we will open the floor for your questions. With that, over to you, Jihad.

    MR. AZOUR: Thank you very much, Angham. Good morning, everyone, and welcome to the IMF 2025 Spring Meetings. Before answering your questions, I will briefly outline the economic outlook for the Middle East and North Africa as well as the Caucasus and Central Asia.  Let me first start with a few words on the recent developments.

    The global economy stands at a delicate crossroads.  The global recovery of recent years faces new risks as governments reorder their policy priorities.  The recent escalation in trade tensions has already damaged global growth prospects while triggering intense financial volatility.  More broadly, the extraordinary increase in global uncertainty associated with trade policy and increased geopolitical fragmentation will continue to erode confidence for quite some time and represents a serious downside risk to global growth.

    For MENA and CCA economies, these developments are adding to existing regional source of uncertainty, including ongoing conflicts, pockets of political instability and climate vulnerability.  We continue to assess the impact of recently announced U.S. tariffs on MENA and CCA economies.  While the direct effects are expected to be modest, giving limited trade exposure and exemptions for energy products, the indirect effects could be more pronounced.  Slower growth will weaken external demand and remittances, while tighter financial conditions may challenge countries with elevated public debts.  Oil exporting economies could also see fiscal and external positions deteriorate due to the lower oil prices.  Some countries may benefit from trade diversion, but such gains could be short lived in a broader environment of trade contraction. 

    Let me now turn to the Middle East and North Africa.  Last year was particularly challenging for the region.  Conflict caused severe human and economic costs.  Regional growth in 2024 reached 1.8 percent, a downgrade revision of 0.2 percentage point from the October World Economic Outlook forecast.  Conflicts weigh on growth in some oil importing countries and extended OPEC+ voluntary production cuts continue to dampen activity in oil exporting economies.  For GCC countries, strong non-oil growth and diversification efforts were largely offset by oil production cuts. 

    Despite these challenges and high uncertainty, growth is projected to pick up in 2025 and 2026, assuming oil output rebounds, conflict related impacts stabilize, progress is made on structural reform and implementation.  However, expectations have been revised down compared to the October 2024 Regional Economic Outlook, reflecting weaker global growth and more modest effect of these drivers.  We now project growth at 2.6 percent in 2025 and 3.4 percent in 2026, a downward revision of 1.3 and 1 percentage points, respectively.  Inflation is projected to continue declining across MENA economies, remaining elevated only in few cases. 

    Let me now turn to the outlook for the Caucuses and Central Asia.  In contrast, economic activity in the CCA exceeded expectations in 2024, growing by 5.4 percent, driven by spillover effects from the war in Ukraine, which boosted domestic demand.  However, as these temporary effects normalize over the next few years, growth is expected to moderate due to weaker external demand, plateauing growth of hydrocarbon production, and reduced fiscal stimulus.  Despite the moderation in overall growth, inflation is expected to increase somewhat across the region and remain elevated in a few cases, reflecting still strong domestic demand. 

    Let me now turn to the risks to the outlook.  These projections are subject to extraordinary uncertainty and the risks to the baseline forecast remain tilted to the downside.  Four key risks stand out.  First, trade tension as a further escalation could dampen global demand, delay in oil production recovery, and tighten financial conditions.  Our analysis shows that persistence spikes in uncertainty triggered by global shocks are associated with large output losses both in MENA and CCA.  The second risk is geopolitical conflict.  The third one is climate shocks.  And the last one is the reduction in official development assistance.  This could further exacerbate food insecurity and humanitarian conditions in low-income and conflict-affected economies.  However, upside risks also exist.  The swift resolution of conflict and accelerated implementation of structural reforms could substantially improve regional growth prospects.  The implications of a potential peace agreement between Russia and Ukraine for the CCA region also remain uncertain. 

    Now the question is what are the policies that we recommend for countries and how they should prioritize them.  In the face of extraordinary uncertainty, MENA and CCA economies should respond along two key dimensions, manage short term instability, and use the opportunity to advance structural reforms for long-term growth.  The first priority is adapt to the new environment.  Countries must take steps to shield their economies from the impact of worst-case scenarios and prioritize safeguarding macroeconomic and financial stability.  The appropriate policy response will vary depending on each country’s initial conditions and vulnerability to risk. 

    Turning to more the long-term, countries should transform their economies.  Recent developments underscore the urgent need to accelerate the long-discussed structural reforms agenda across the region.  To reduce vulnerabilities to shocks and seize opportunities arising from the evolving global trade and financial landscape, it is essential to enhance governance, invest in human capital, advance digitalization, and foster a dynamic private sector.  Establishing strategic trade and investment corridors with other regions such as Sub-Saharan Africa and Asia, as well as within the region, including between GCC and Central Asia or GCC and North Africa, can help mitigate exposure to external uncertainty, enable greater risk sharing, and drive sustainable economic development. 

    We will delve into these policy priorities at the launch of our Regional Economic Outlook in Dubai next week and in Samarkand, in Uzbekistan, where on May 3 we are organizing jointly with the Uzbek government a GCC-CCA Economic Conference where Ministers of Finance and Governors of Central Banks from both regions, as well as representatives of IFIs and private sectors, will discuss deepening economic ties between these two regions.  We also invite you to join us tomorrow at 2:30 p.m. at the Atrium for a public panel discussion on the economic consequences of the high uncertainty in the MENA and CCA regions. 

    Before I open the floor to questions, I want to underscore the IMF’s deep commitment to supporting countries throughout the region with policy advice, technical assistance, and, in many cases, financial support.  Since early 2020, we have approved almost $50 billion in financing to countries across the MENA region, Pakistan, and the CCA, of which 14.8 have been approved since early 2024. 

    In closing, I want to highlight our engagement to post-conflict economies.  Strengthening economic fundamentals and rebuilding institutions will be essential to successful recovery.  The IMF, in coordination with the World Bank and regional partners, has established an informal coordination group to support recovery in conflict-affected states in the Middle East.  Our focus will be on capacity building, policy guidance, and financial assistance.  We are also working closely with authorities to help stabilize their economies, restore confidence, and lay foundations for sustainable growth. 

    Again, thank you very much for joining us this morning, and now I would like to welcome your questions.               

    MS. AL SHAMI: Thank you very much, Jihad, and now we will take your questions. And let’s start with the gentleman here in the first row, please.

    QUESTIONER: Thank you, Angham and Jihad.  I’m Amir Goumaa from Asharq Bloomberg.  IMF raised the gross forecasting for Egypt dispIte the regional downgrade.  Why is that?  And how can the MENA region turn the country trade disputes into opportunities? 

    MR. AZOUR: Excuse me?

    QUESTIONER: How can the MENA region turn the current trade disputes and tariffs into opportunities?  Like how can they make the best use of it? 

    MR. AZOUR: Thank you very much for your question.

    MS. AL SHAMI: Should we take more questions on Egypt? Perhaps should we take more questions on Egypt. We’ll start with this gentleman and then the gentleman in the back.  This one first. 

    QUESTIONER: Hello everyone.  My name is Ahmad Yaqub.  I’m the managing editor of Al Youm Al-Sabah Egyptian Newspaper.  I have two questions about Egypt.  The first one is about the expected exchange rate of the Egyptian pound against the U.S. dollar by the end of 2026, the next year, and the expected inflation rate and the economic growth rate of Egypt.  The second question is the next trench of the program, current program with the Egyptian authorities.  What is the timing of the next trench and the total amount of it?  Thank you so much. 

    MS. AL SHAMI: And then the gentleman here.

    QUESTIONER: Ramy Gabr from Al-Qahera News.  The global economic outlook carries good news.  Maybe for Egypt in terms of the economic growth in 2025.  How do you see that and what’s the facts and numbers led to this outlook?  Thank you. 

    MS. AL SHAMI: Over to you.

    MR. AZOUR: Thank you very much. Yes, please.

    QUESTIONER: I’m Lauren Holtmeier from S&P Global.  I wanted to ask about the fiscal break-even prices for oil production, specifically for the countries with high fiscal break-even prices like Saudi Arabia and Iraq.  And how will the lowered expectations for oil prices over the next couple of years affect their ability and their economic outlook?  And I recognize that the answer for those two countries might be very different. 

    MR. AZOUR: Thank you very much. I had three sets of questions. One on trade and the impact of the recent trade developments on the region and how those could be turned into an opportunity.  The second set of questions were on Egypt, and the third one was on the GCC and the oil market.  Let me start with the first one. 

    Countries of the region have limited trade dependence on the U.S., and therefore the recent trade and tariff decisions will have limited direct impact on those economies.  Yet it’s important also to highlight that there would be indirect impact.  And also those indirect impact may take different channels.  One impact is the impact that this could have on financial stability and capital flows.  We saw widening of spreads over the last few years, which is an issue that could affect the capacity of emerging economies and middle-income countries who have high levels of debt.  The second potential impact is impact on oil market.  We saw some softening in the oil price, as well as the forwards of oil price are showing a certain extension of those softening over the year.  And the third type of effect is the second-round impact due to trade diversion. 

    I will maybe go into more details about what are the policies that we recommend for countries to address those challenges.  Few countries have more exposure to the U.S. trade like Pakistan or Jordan, and those are specific cases.  I can address those.  Opportunities, of course, in any change there are opportunities, and over the last few years we saw successive shocks and transformation on the geopolitical front and the geoeconomic front, and those have affected the region.  The region stands at the crossroads between East and West, and therefore trade routes, connectivity, as well as also opportunities go through this region.  This would require, as I mentioned in my opening remarks, for countries in the region to seek new opportunities in terms of strengthening their economic relationships and trade ties with regions close to them, as well as also within countries in the region, which will call for new way of increasing connectivity and cooperation in the region. 

    The second set of questions is on Egypt.  Over the last year, growth in Egypt has improved, and we expect growth for the fiscal year 2025 to reach 3.8 percent.  For comparison, in 2024 it was 2.4 percent, and we expect that the growth will keep improving in 2026 and reach 4.3 percent.  Also, inflation went down from 33 percent on average for fiscal year 2024 to 19.7 percent in 2025, and we expect it to reach 12 percent in 2026, despite the various shocks.  Those positive developments reflect the implementation of the reform program that was supported by the IMF and was augmented back in March last year in order also to help Egypt address some of the external shocks, in particular the decline in revenues from the Suez Canal. 

    As you remember, the program is based on four pillars.  One, macroeconomic stability by addressing inflation that constitutes the main issue for economic stability through tightening the monetary policy.  The second is to address the debt issue by improving the primary surplus and also through an active debt management strategy and strengthening debt management organization to reduce gradually the debt and the weight of the debt through the debt service on the economy.  The third important pillar is to preserve the economy from external shocks, and this is the role of the flexibility in the exchange rate.  Flexibility in the exchange rate in a time of high level of uncertainty plays an important way to protect the Egyptian economy from external shocks, and its flexibility has proven to be beneficial to the stability of the Egyptian economy.  The fourth pillar is growing the economy and give a bigger weight to the private sector, and we encourage the authorities to strengthen and accelerate the reinvestment strategy that would allow more investment to come to the Egyptian economy, would give more space to the private sector, and will help the Egyptian economy and the Egyptian people get better opportunities in a time where those international changes would require an acceleration of economic transformation.  The review has been completed in March, and as you know, we had also another facility that was provided to Egypt to help Egypt deal with climate issues, and our engagement with the authorities remain very active.  Shall I move to GCC? 

    MS. AL SHAMI: Yes.

    MR. AZOUR: The next trench will be with the next review. On the GCC, well, of course the direct impact of the trade shock on the region has been limited except that with the prospect of the decline in oil price, it comes at a time where we see a resumption of increase of oil production with the implementation of what has been agreed, though at a slower pace, of the December decision of the OPEC+ agreement.

    As you know, countries of the GCC have different fundamentals and different level of buffers, and therefore there is no one break-even point for all countries.  Our estimates are showing, though, that a decline in oil price of $10 would weaken the fiscal situation by somewhat between 2.3 to 2.7 percent of GDP, and it also, it has similar impact on the external account between 2.5 to 2.7 percent of GDP. 

    I would like to highlight two additional points that some countries have used the opportunity of their diversification strategy to both reduce their dependence on oil as a source of income, but also to diversify fiscally and reduce the impact of oil revenues, which we encourage other countries to follow suit. 

    MS. AL SHAMI: Thank you, Jihad. So we’ll take another round of questions from the room, and then we will turn to online. The lady in the first row, please. 

    QUESTIONER: Dr. Jihad, thank you for taking my question.  Nour Amache from Asharq Bloomberg.  I wanted to ask about Lebanon and Syria and to follow up on what my colleagues here asked about Egypt.  They were asking about the next review, if it’s in June, and the next tranche in June, if we can elaborate on that.  Now, regarding Lebanon, today the parliament passed the law of lifting bank secrecy.  Will this make or will this make the program with the IMF faster?  Will this increase the prospects of a program with Lebanon anytime soon, especially since I know the Lebanese authorities represented by the Finance Minister, the Economy Minister, and the Central Bank Governor are all here in Washington, and a lot of meetings have been undergoing?  That’s regarding Lebanon.  And regarding Syria, also a big Syrian delegation is here.  What has been reached so far with the Syrian counterparts?  Thank you. 

    MS. AL SHAMI: Thank you. One more question. Maybe we’ll go to the gentleman in the front here. 

    QUESTIONER: Thank you.  Mohammad Al-Lubani from Jordan Al-Mamlaka TV.  I’d like to ask in Arabic.  In light of our dependence on American exports, [ESQUAH] said that 25 percent of the exports go to the United States.  How would the tariffs affect Jordan, and are there any estimates of these losses by the Fund?  And what are the recommendations of the Fund in order to face these challenges? 

    MR. AZOUR: The discussions are, you know, continuing, and the engagement with the authorities is taking place during the Spring Meetings. As I mentioned earlier, we look forward to the next review to see an acceleration of the divestment strategy that is one of the key priorities because of its critical impact on sustaining growth in Egypt, providing opportunities to the private sector, and also helping in the effort that Egypt is pursuing in reducing the debt. In the context of high interest rate, it’s very important to address debt service issue, and this would be accelerated by reducing the debt.  Therefore, we look forward to see progress on the authorities’ plan in terms of divestment.

    On Lebanon, the Fund has been supportive of Lebanon, and a staff-level agreement has been reached in 2022.  Lebanon staff, Lebanon team, is and remained actively engaged with the authorities, providing technical assistance.  And recently, we had two staff visits to Lebanon and the authorities have engaged with our team in order to reactivate a potential program.  They have expressed their interest for that.  The Lebanese economic and financial situation has been made

    more challenging with the recent implications of the war and the massive destruction that in addition to the need to address the financial and economic situation, Lebanon is also facing the need to deal with the reconstruction. 

    The pillars of the program will remain valid as they were negotiated.  Macroeconomic stability, based on addressing the legacy of the financial sector.  The legacy of debt, address the debt issue.  Second pillar is to deal with the macroeconomic stability through fiscal consolidation.  Third pillar is to strengthen governance by reforming SOEs and also increasing and improving the confidence factor.  And third is to address social issues, especially now with issues related to the reconstructions.  Discussions are taking place and staff is on active dialogue with the Lebanese authorities. 

    We are in discussion and therefore I think the discussions that we are having during the Spring Meetings are giving the opportunity for us to understand what are the reform priorities of the Lebanese government.  As you know, staff had a couple of visits in the last few weeks, and we will keep our active engagement with the Lebanese authorities.

    On Syria.  Of course, Syria has been absent for the last 15 years due to the war, and their engagement with the institution has been fairly limited since 2011.  The last Article IV consultation with Syria took place in 2009.  The international community and the regional community has been actively engaged in order to see how we could help Syria recover from a long period of war. 

    We had a preparatory meeting preparatory meeting in AlUla back in February where regional institutions and the international community have agreed to have another follow-up coordination meeting that took place last Tuesday where representatives from international institutions, bilaterals, have convened in order to assess the needs of Syria and also to develop a framework of coordination.  The Fund is engaged to support the international community in its engagement with Syria.  We have already started our assessment of the macroeconomic situation, the institutional capacity, and we look forward to continue our engagement with the Syrian authorities. 

    MS. AL SHAMI: Then you have one more question on Jordan.

    MR. AZOUR: Yes, Jordan. In Arabic?  Okay.  Jordan is one of the countries that have been affected by the tariffs, but this is still limited because of the kind of exports or the relationship between Jordan and the United States.  And Jordan managed to overcome, in the recent years, to overcome several shocks, including shocks related to the variability and volatility and the effect of the Gaza issues on the economy of Jordan.  And the latest reviews emphasized the need for Jordan to keep stability and also, despite the external shocks, to take the needed measures in order to improve the macroeconomic situation and to reinforce the economy.  And there has been discussions about supporting Jordan through a new mechanism, the Resilience and Sustainability Facility, in order to help Jordan in the measures that would help it improve adaptation with the climate change and other shocks and other pandemics.  There is actually progress in this regard.  And there will be a review next month by the Executive Board of the Fund about Jordan. 

    MS. AL SHAMI: We’ll turn to Dania, who’s on Webex online. Dania, please go ahead. 

    QUESTIONER: Hello, can you hear me? 

    MS. AL SHAMI: Yes, you can hear you.

    QUESTIONER: Hi.  Hello Dr. Jihad, I just have a follow-up question on the break-even oil prices for the Gulf.  In the October report, countries like Saudi Arabia had a very high break-even price of around 90.  I think it was the second biggest highest in the GCC after Bahrain.  I just wanted to see, this figure is likely to increase given the high expenditures, the lower oil prices.  How will the lower oil prices — you mentioned about the impact on GDP, but the prices, I think, since the beginning of the year have dropped by more than $10.00.  So, the impact has it been considered in the Regional Economic Report?  And especially because I don’t know the report, did it include the impact of the tariffs and the impact of the increase in OPEC production from May, which is accelerated?  And just one clarification, with regards to Saudi break-even, some analysts include the expenditure of the Public Investment Fund.  Is that part of the IMF estimates for the break-even?  What’s included in the break-even?  Thank you very much. 

    MS. AL SHAMI: Thank you. Any additional questions on GCC? Okay, let’s take the gentleman in the middle. 

    QUESTIONER: Hello Mr. Azour, Madame Al Shami, thank you for the opportunity.  Philippe Hage Boutros from L’Orient-Le Jour, Lebanon.  How does the IMF assess the potential impact of declining oil revenues stemming from a possible drop in prices amid the tariff crisis on the capacity and willingness of the Gulf countries to fund international aid, particularly for countries like Lebanon and Syria that urgently need reconstruction financing?  Does it anticipate a significant or relatively limited effect?  Thank you. 

    MS. AL SHAMI: Thank you. And we had one more question on Saudi that we received online. In light of the global trade repercussions, what is the effect on the Saudi market, especially on inflation and growth?  This question comes from Mohammed Al Sulami from Al Akhbariyah in Saudi Arabia. 

    MR. AZOUR: Let me start with Dania’s question. Dania, let me start by saying that over the last few years from a fiscal perspective, Saudi has made a significant improvement through various reforms in order to diversify revenues outside oil and also reduce certain expenditures, including on the subsidy side. And this effort to diversify revenues has led to an increase of non-oil revenues in the GDP for Saudi.  Of course, the last couple of years have been beneficial in terms of providing Saudi and other GCC countries with surplus in the fiscal as well as also in the current account, which have led to increase in buffers.  Of course, still the oil sector represent an important source of revenue and it’s still also an important source of foreign currencies. 

    Coming to the fiscal strategy, Saudi has established a medium-term fiscal framework that anchors policies and also help them deal with the volatility in oil price and become less pro cyclicals.  Of course, the increase in oil price, sorry, the decline in oil price will have impact on the fiscal and will lead to a potential additional drop in fiscal situation. 

    As I mentioned earlier, a decline of $10.00 per barrel or a decline of $1 million of production will have an impact on the fiscal between 2 to 3 percent.  The decline in oil price is accompanied with a recovery in oil production and Saudi was one of the largest, I would say, contributor to the voluntary drop in oil export. 

    When it comes to the link between fiscal and the investment strategy, the investment strategy has been also put in the medium-term framework in the context of the Vision 2030 and regularly there are updates, recalibration and also phasing, based on the capacity to implement and the priorities.

    In our projections, although developments were taking place almost at the time when we were releasing our outlook, we took into consideration the new assumptions on the oil price for this year as well as also on the growth projections. 

    The second question related to Saudi.  The impact of the latest developments on the Saudi economy.  Undoubtedly, the trade relations regarding the non-oil sector is limited with the United States and therefore the impact will also be limited on trade related to tariffs, especially as oil and gas are exempt from the increase in tariffs.  But there will be an indirect impact, as we’ve said.  Saudi Arabia also has a dollarized economy, whether on the side of exports or imports, and therefore the impact will be limited. 

    On the other hand, the reduction or the depreciation of the dollar will affect services, especially tourism.  And this is a sector that Saudi Arabia is trying to develop by establishing new expansion for tourism in Saudi Arabia.

    The other related question on support to the reconstruction in the region.  Let me first say two things.  One, ODA has declined over the last few years, and more recently with the decisions to stop some of the international assistance by USAID and others.  This will have an important impact, especially on countries in fragility who depend heavily on aid.  Countries like Somalia, Sudan, countries like Yemen.  And this represents a risk not only on the fiscal side, but also on the humanitarian side on food security.  This is the first point. 

    The second point is the region is, we’re talking here about the Levant, is going through an important prospect of post-conflict recovery.  Lebanon, Syria, Palestine, and hopefully, Yemen, and Sudan.  This would require strong international and financial assistance.  Of course, this also would require to accelerate certain number of reforms that will allow the private sector to provide financing.  Those countries have strong diasporas, and the recovery could also be co-led by international assistance, also by private sector support.  And some of the reforms, be it in Lebanon or in Syria, are very important to regain confidence and will allow private sector to play its key role in recovering those economies. 

    The region has been very supportive.  And when we look at the official assistance and the interest that is being shown by several countries in the region, be it in the recent meeting that took place in Saudi Arabia, in Al Ula, where ministers of finance from the GCC and regional institutions convened in order to explore opportunities to provide more assistance to those countries. 

    Again, I think it’s very important also to highlight that assistance has to accompany reform programs that will lay the ground to strong institutions will provide confidence for both citizens and also international, private and public community, in order to accelerate the recovery. 

    MS. AL SHAMI: Thank you, Jihad. We’ll take one more round of questions.  The lady on the second row here, please. 

    QUESTIONER:  Hello, I’m Mariam Ali from Dawn News Pakistan.  My question is how will the global tariff war uniquely impact Pakistan?  Any need of buffers in place to mitigate risks to the country?  Thank you. 

    MS. AL SHAMI: Thank you. Let’s take maybe one more question. The gentleman here sitting in the front. 

    QUESTIONER: Thank you, , Director Azour.  My question is on Yemen.  Igor Naimushin, RIA News Agency, D.C. Bureau.  So, last week U.S. struck Ras Isa fuel part in Yemen.  I would like to ask you to outline what repercussions this strike will have on energy security and economic situation in Yemen and broadly in region?  And if you could, provide any details how the IMF — what is the IMF view on longer-term risks for the region as U.S. operation on Yemen continues to unfold?  Thank you. 

    MS. AL SHAMI: Thank you. We’ll take one more question from the gentleman here in the –.

    QUESTIONER: Hi, my name is Magnus Sherman.  I wanted to return to Lebanon.  The new Prime Minister has pledged to not touch the hard currency deposits.  Does the IMF support that position? 

    MS. AL SHAMI: Thank you. And we have an online question from Camille Faris Abu Rafael. How can low- and middle-income countries in MENA balance urgent social needs with long-term fiscal sustainability amid rising debt and global uncertainty and persistently high interest rates?  We’ll take these questions, and we’ll take another round.  Thank you. 

    MR. AZOUR: On Pakistan. Pakistan made significant progress in restoring macroeconomic stability over the last 18 months and the numbers are, for Pakistan, are showing improvement both in terms of growth as well as also in inflation that dropped from 12.6 percent last year in 2024 fiscal year to 6.5 percent this year, expected to stay at this level for next year.  Debt is also stabilizing in the case of Pakistan, and recently Pakistan has been upgraded by rating agencies. 

    Of course, trade tensions will affect relatively Pakistan maybe more than the average in the region.  But I would say the impact on Pakistan directly can be offset by other measures that would allow the Pakistani economy to reposition itself in a world that is in the midst of one of the largest transformation in terms of trade, economic opportunities, and to reposition itself in order to address any risks, but also to potentially benefit from change in the trade routes. 

    The question on Yemen the situation on Yemen is extremely preoccupying at the humanitarian level, both in terms of food security as well as also in terms of human suffering.  And this situation has been inflicting heavy toll on the Yemeni people for a long period of time.  Of course, broadly speaking, instability has been one of the main issues that the region is dealing with.  Instability is one of the key sources of uncertainty for the region.  Addressing this instability is key in providing security for people to improve their living conditions, providing stability for the trade routes, and also provide opportunities for people to rebuild and reconstruct.  The Fund is engaged to (A) keep a very strong contacts with Yemen, provide technical assistance at a time where we cannot provide because of the security situation, financial assistance.  Therefore, we are actively supporting through technical assistance.  And we are also in regular engagement with the authorities. 

    Our next plan is to reengage through Article IV in order to assess the economic situation in Yemen, help the internationally recognized government assess the overall debt situation and the debt liabilities in order, later on, to help Yemen deal with the debt situation, and provide right assessment for the donor community to provide assistance. 

    Political stabilization security is very important to preserve human and social conditions, and the Fund stands ready to help Yemen as well as also other countries facing fragility and conflicts in the region.  And this is something that we are increasing our resources to provide support to those countries. 

    Lebanon.  Lebanon problems are complex in terms of how to address the overall financial challenge.  The solution has to deal through a comprehensive approach with all the financial issues that Lebanon is facing.  A piecemeal approach is not what Lebanon needs today.  A reform package that restores confidence, addresses the legacy of the past, provides opportunities for the economy to recover, by also promoting the capacity of the financial system to finance the recovery, mobilize international assistance to help Lebanon dealing with the reconstruction needs, and also support the reforms are priorities that our team is currently discussing with the Lebanese authorities. 

    The question related to balancing short-term and medium-term.  I think it’s a very important question.  We live currently in a world of high uncertainty and in our outlook this spring we have — and I would encourage you to read it,  it’s very interesting piece — we have tried to assess the impact of uncertainty on the region and the uncertainty is of multiple layers.  A global uncertainty, regional, geopolitical and conflict situation, but also internal or local uncertainties.  Those are important issues for countries to address. 

    In very brief, countries need to in the short term to preserve stability and that would require to increase their buffers.  And for those who have limited buffers to accelerate fiscal consolidations to reduce the risk, address some of their financing issues, especially countries who have high level of debt and for those who have buffers, preserve those and use them when they need.  But I think what is really important, especially given the lasting negative impact of uncertainties on countries, is to address the medium-term issues.  And addressing the medium-term issues will help unlock growth, accelerating structural reforms, improving economic conditions, provide stronger social protection framework by moving from untargeted subsidies to something that is more meaningful in terms of social support would be extremely beneficial for countries in the region. 

    MS. AL SHAMI: Thank you very much, Jihad and I’m afraid we have run out of time. Thank you all for participating with us today and as always, we will be posting the transcript online.  But just a reminder that we will be launching our report next week on May 1 so stay tuned for that.  And as Jihad mentioned, please join us tomorrow at 2:30 for the seminar on how countries can navigate uncertainties.  Jihad, any last words? 

    MR. AZOUR: Only to say thank you. And thanks to our friends here, the journalists. We look forward to provide you with more details in Dubai next week with all the details, as well as also country-specific information on our Regional Economic Outlook.  And two days after that, in Samarkand, in Uzbekistan, on the outlook for Caucasus and Central Asia.  Thank you very much. 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

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

    MIL OSI Global Banks

  • MIL-OSI USA: Governor Polis Signs Bills to Protect Coloradans’ Privacy and Healthcare Freedom Into Law, Signs Additional Laws, and Takes Action on Bill

    Source: US State of Colorado

    DENVER – Today, Governor Polis signed into law protections to ensure Coloradans’ healthcare freedoms and safeguard privacy. During a ceremony in the Governor’s Office, Governor Polis signed the following bills into law:

    • SB25-129 – Legally Protected Health-Care Activity Protections, sponsored by Senators Lisa Cutter and Faith Winter, and Representatives Junie Joseph and Karen McCormick
    • SB25-183 – Coverage for Pregnancy-Related Services, sponsored by Senators Robert Rodriguez and Lindsey Daugherty, and Representatives Lorena Garcia and Julie McCluskie

    “In the Free State of Colorado, we are protecting Coloradans’ healthcare freedoms, while leaders in DC and across the country are focused on bringing government between doctors and patients, overreaching into our families and lives. This past November, Coloradans from every walk of life overwhelmingly voted to enshrine reproductive freedom into our state constitution. Today, we are aligning our laws with the will of voters to strengthen access to reproductive care, protect our privacy from Washington, DC, and safeguard freedoms,” said Governor Polis.

    “We trust patients. We trust families. And we trust providers. While other states are turning back the clock, we’re moving forward — protecting privacy, expanding access, and standing up for fundamental freedoms,” said Lt. Governor and Director of the Office of Saving People Money on Health Care, Dianne Primavera. “These laws don’t just reflect our values — they protect real people in real ways. As a woman who’s faced serious illness and spent my career fighting for high-quality and affordable health care for all Coloradans, I’m proud that Colorado continues to lead with compassion, conviction, and courage.”

    Governor Polis also signed the following bipartisan bills into law administratively:

    • SB25-216 – Eliminate Reprinting of Education Laws, sponsored by Senators Jeff Bridges and Barbara Kirkmeyer, and Representatives Emily Sirota and Rick Taggart
    • SB25-217 – Repeal Computer Science Education Grant Program, sponsored by Senators Judy Amabile and Jeff Bridges, and Representatives Shannon Bird and Emily Sirota
    • SB25-222 – Repeal Proficiency Tests Administered by Schools, sponsored by Senators Jeff Bridges and Judy Amabile, and Representatives Emily Sirota and Rick Taggart
    • SB25-231 – Repeal Inclusive Higher Education Act, sponsored by Senators Judy Amabile and Barbara Kirkmeyer, and Representatives Shannon Bird and Emily Sirota
    • SB25-232 – Repeal Recovery-Friendly Workplace Program, sponsored by Senators Jeff Bridges and Barbara Kirkmeyer, and Representatives Shannon Bird and Rick Taggart
    • SB25-246 – Eliminate Gray & Black Market Marijuana Grant Program, sponsored by Senators Jeff Bridges and Barbara Kirkmeyer, and Representatives Shannon Bird and Emily Sirota
    • SB25-250 – Repeal Disordered Eating Prevention Program, sponsored by Senators Judy Amabile and Barbara Kirkmeyer, and Representatives Shannon Bird and Rick Taggart
    • SB25-252 – Repeal Radiation Advisory Committee, sponsored by Senators Jeff Bridges and Barbara Kirkmeyer, and Representatives Shannon Bird and Rick Taggart
    • SB25-255 – Transfer to Hazardous Substance Response Fund, sponsored by Senators Judy Amabile and Jeff Bridges, and Representatives Shannon Bird and Rick Taggart
    • SB25-256 – Funds for Support of Digital Trunked Radio System, sponsored by Senators Barbara Kirkmeyer and Judy Amabile, and Representatives Shannon Bird and Emily Sirota
    • SB25-266 – Repeal Statutory Appropriation Requirements, sponsored by Senators Jeff Bridges and Barbara Kirkmeyer, and Representatives Emily Sirota and Rick Taggart

    Governor Polis also vetoed the following bill:

    • SB25-086 – Protections for Users of Social Media, sponsored by Senators Lisa Frizell and Lindsey Daugherty, and Representatives Andrew Boesenecker and Anthony Hartsook

    “This law imposes sweeping requirements that social media platforms, rather than law enforcement, enforce state law. It mandates a private company to investigate and impose the government’s chosen penalty of permanently deplatforming a user even if the underlying complaint is malicious and unwarranted. In our judicial proceedings, people receive due process when they are suspected of breaking the law. This bill, however, conscripts social media platforms to be judge and jury when users may have broken the law or even a company’s own content rules. This proposed law would incentivize platforms, in order to reduce liability risk, to simply deplatform a user in order to comply with this proposed law,” Governor Polis wrote in his veto letter.

    ###

     

    MIL OSI USA News

  • MIL-OSI Russia: Press Briefing Transcript: Middle East and Central Asia Department, Spring Meetings 2025

    Source: IMF – News in Russian

    April 24, 2025

    Speaker: Mr.Jihad Azour, Director of Middle East and Central Asia Department, IMF

    Moderator: Ms. Angham Al Shami, Communications Officer, IMF

    MS. AL SHAMI: Good morning. Thank you for joining us in this press briefing on the Regional Economic Outlook for the Middle East and Central Asia. My name is Angham Al Shami, from the Communications Department here at the IMF. 

    If you’re joining us online, we do have Arabic and French interpretations that you can access on the IMF Regional Economic Outlook webpage and the IMF Press Center as well.  And for those of you in the room, you also have equipment to access that. 

    Today I’m joined by Jihad Azour, the Director of the Middle East and Central Asia Department, who will give us an overview of the outlook of the region, and then we will open the floor for your questions. With that, over to you, Jihad.

    MR. AZOUR: Thank you very much, Angham. Good morning, everyone, and welcome to the IMF 2025 Spring Meetings. Before answering your questions, I will briefly outline the economic outlook for the Middle East and North Africa as well as the Caucasus and Central Asia.  Let me first start with a few words on the recent developments.

    The global economy stands at a delicate crossroads.  The global recovery of recent years faces new risks as governments reorder their policy priorities.  The recent escalation in trade tensions has already damaged global growth prospects while triggering intense financial volatility.  More broadly, the extraordinary increase in global uncertainty associated with trade policy and increased geopolitical fragmentation will continue to erode confidence for quite some time and represents a serious downside risk to global growth.

    For MENA and CCA economies, these developments are adding to existing regional source of uncertainty, including ongoing conflicts, pockets of political instability and climate vulnerability.  We continue to assess the impact of recently announced U.S. tariffs on MENA and CCA economies.  While the direct effects are expected to be modest, giving limited trade exposure and exemptions for energy products, the indirect effects could be more pronounced.  Slower growth will weaken external demand and remittances, while tighter financial conditions may challenge countries with elevated public debts.  Oil exporting economies could also see fiscal and external positions deteriorate due to the lower oil prices.  Some countries may benefit from trade diversion, but such gains could be short lived in a broader environment of trade contraction. 

    Let me now turn to the Middle East and North Africa.  Last year was particularly challenging for the region.  Conflict caused severe human and economic costs.  Regional growth in 2024 reached 1.8 percent, a downgrade revision of 0.2 percentage point from the October World Economic Outlook forecast.  Conflicts weigh on growth in some oil importing countries and extended OPEC+ voluntary production cuts continue to dampen activity in oil exporting economies.  For GCC countries, strong non-oil growth and diversification efforts were largely offset by oil production cuts. 

    Despite these challenges and high uncertainty, growth is projected to pick up in 2025 and 2026, assuming oil output rebounds, conflict related impacts stabilize, progress is made on structural reform and implementation.  However, expectations have been revised down compared to the October 2024 Regional Economic Outlook, reflecting weaker global growth and more modest effect of these drivers.  We now project growth at 2.6 percent in 2025 and 3.4 percent in 2026, a downward revision of 1.3 and 1 percentage points, respectively.  Inflation is projected to continue declining across MENA economies, remaining elevated only in few cases. 

    Let me now turn to the outlook for the Caucuses and Central Asia.  In contrast, economic activity in the CCA exceeded expectations in 2024, growing by 5.4 percent, driven by spillover effects from the war in Ukraine, which boosted domestic demand.  However, as these temporary effects normalize over the next few years, growth is expected to moderate due to weaker external demand, plateauing growth of hydrocarbon production, and reduced fiscal stimulus.  Despite the moderation in overall growth, inflation is expected to increase somewhat across the region and remain elevated in a few cases, reflecting still strong domestic demand. 

    Let me now turn to the risks to the outlook.  These projections are subject to extraordinary uncertainty and the risks to the baseline forecast remain tilted to the downside.  Four key risks stand out.  First, trade tension as a further escalation could dampen global demand, delay in oil production recovery, and tighten financial conditions.  Our analysis shows that persistence spikes in uncertainty triggered by global shocks are associated with large output losses both in MENA and CCA.  The second risk is geopolitical conflict.  The third one is climate shocks.  And the last one is the reduction in official development assistance.  This could further exacerbate food insecurity and humanitarian conditions in low-income and conflict-affected economies.  However, upside risks also exist.  The swift resolution of conflict and accelerated implementation of structural reforms could substantially improve regional growth prospects.  The implications of a potential peace agreement between Russia and Ukraine for the CCA region also remain uncertain. 

    Now the question is what are the policies that we recommend for countries and how they should prioritize them.  In the face of extraordinary uncertainty, MENA and CCA economies should respond along two key dimensions, manage short term instability, and use the opportunity to advance structural reforms for long-term growth.  The first priority is adapt to the new environment.  Countries must take steps to shield their economies from the impact of worst-case scenarios and prioritize safeguarding macroeconomic and financial stability.  The appropriate policy response will vary depending on each country’s initial conditions and vulnerability to risk. 

    Turning to more the long-term, countries should transform their economies.  Recent developments underscore the urgent need to accelerate the long-discussed structural reforms agenda across the region.  To reduce vulnerabilities to shocks and seize opportunities arising from the evolving global trade and financial landscape, it is essential to enhance governance, invest in human capital, advance digitalization, and foster a dynamic private sector.  Establishing strategic trade and investment corridors with other regions such as Sub-Saharan Africa and Asia, as well as within the region, including between GCC and Central Asia or GCC and North Africa, can help mitigate exposure to external uncertainty, enable greater risk sharing, and drive sustainable economic development. 

    We will delve into these policy priorities at the launch of our Regional Economic Outlook in Dubai next week and in Samarkand, in Uzbekistan, where on May 3 we are organizing jointly with the Uzbek government a GCC-CCA Economic Conference where Ministers of Finance and Governors of Central Banks from both regions, as well as representatives of IFIs and private sectors, will discuss deepening economic ties between these two regions.  We also invite you to join us tomorrow at 2:30 p.m. at the Atrium for a public panel discussion on the economic consequences of the high uncertainty in the MENA and CCA regions. 

    Before I open the floor to questions, I want to underscore the IMF’s deep commitment to supporting countries throughout the region with policy advice, technical assistance, and, in many cases, financial support.  Since early 2020, we have approved almost $50 billion in financing to countries across the MENA region, Pakistan, and the CCA, of which 14.8 have been approved since early 2024. 

    In closing, I want to highlight our engagement to post-conflict economies.  Strengthening economic fundamentals and rebuilding institutions will be essential to successful recovery.  The IMF, in coordination with the World Bank and regional partners, has established an informal coordination group to support recovery in conflict-affected states in the Middle East.  Our focus will be on capacity building, policy guidance, and financial assistance.  We are also working closely with authorities to help stabilize their economies, restore confidence, and lay foundations for sustainable growth. 

    Again, thank you very much for joining us this morning, and now I would like to welcome your questions.               

    MS. AL SHAMI: Thank you very much, Jihad, and now we will take your questions. And let’s start with the gentleman here in the first row, please.

    QUESTIONER: Thank you, Angham and Jihad.  I’m Amir Goumaa from Asharq Bloomberg.  IMF raised the gross forecasting for Egypt dispIte the regional downgrade.  Why is that?  And how can the MENA region turn the country trade disputes into opportunities? 

    MR. AZOUR: Excuse me?

    QUESTIONER: How can the MENA region turn the current trade disputes and tariffs into opportunities?  Like how can they make the best use of it? 

    MR. AZOUR: Thank you very much for your question.

    MS. AL SHAMI: Should we take more questions on Egypt? Perhaps should we take more questions on Egypt. We’ll start with this gentleman and then the gentleman in the back.  This one first. 

    QUESTIONER: Hello everyone.  My name is Ahmad Yaqub.  I’m the managing editor of Al Youm Al-Sabah Egyptian Newspaper.  I have two questions about Egypt.  The first one is about the expected exchange rate of the Egyptian pound against the U.S. dollar by the end of 2026, the next year, and the expected inflation rate and the economic growth rate of Egypt.  The second question is the next trench of the program, current program with the Egyptian authorities.  What is the timing of the next trench and the total amount of it?  Thank you so much. 

    MS. AL SHAMI: And then the gentleman here.

    QUESTIONER: Ramy Gabr from Al-Qahera News.  The global economic outlook carries good news.  Maybe for Egypt in terms of the economic growth in 2025.  How do you see that and what’s the facts and numbers led to this outlook?  Thank you. 

    MS. AL SHAMI: Over to you.

    MR. AZOUR: Thank you very much. Yes, please.

    QUESTIONER: I’m Lauren Holtmeier from S&P Global.  I wanted to ask about the fiscal break-even prices for oil production, specifically for the countries with high fiscal break-even prices like Saudi Arabia and Iraq.  And how will the lowered expectations for oil prices over the next couple of years affect their ability and their economic outlook?  And I recognize that the answer for those two countries might be very different. 

    MR. AZOUR: Thank you very much. I had three sets of questions. One on trade and the impact of the recent trade developments on the region and how those could be turned into an opportunity.  The second set of questions were on Egypt, and the third one was on the GCC and the oil market.  Let me start with the first one. 

    Countries of the region have limited trade dependence on the U.S., and therefore the recent trade and tariff decisions will have limited direct impact on those economies.  Yet it’s important also to highlight that there would be indirect impact.  And also those indirect impact may take different channels.  One impact is the impact that this could have on financial stability and capital flows.  We saw widening of spreads over the last few years, which is an issue that could affect the capacity of emerging economies and middle-income countries who have high levels of debt.  The second potential impact is impact on oil market.  We saw some softening in the oil price, as well as the forwards of oil price are showing a certain extension of those softening over the year.  And the third type of effect is the second-round impact due to trade diversion. 

    I will maybe go into more details about what are the policies that we recommend for countries to address those challenges.  Few countries have more exposure to the U.S. trade like Pakistan or Jordan, and those are specific cases.  I can address those.  Opportunities, of course, in any change there are opportunities, and over the last few years we saw successive shocks and transformation on the geopolitical front and the geoeconomic front, and those have affected the region.  The region stands at the crossroads between East and West, and therefore trade routes, connectivity, as well as also opportunities go through this region.  This would require, as I mentioned in my opening remarks, for countries in the region to seek new opportunities in terms of strengthening their economic relationships and trade ties with regions close to them, as well as also within countries in the region, which will call for new way of increasing connectivity and cooperation in the region. 

    The second set of questions is on Egypt.  Over the last year, growth in Egypt has improved, and we expect growth for the fiscal year 2025 to reach 3.8 percent.  For comparison, in 2024 it was 2.4 percent, and we expect that the growth will keep improving in 2026 and reach 4.3 percent.  Also, inflation went down from 33 percent on average for fiscal year 2024 to 19.7 percent in 2025, and we expect it to reach 12 percent in 2026, despite the various shocks.  Those positive developments reflect the implementation of the reform program that was supported by the IMF and was augmented back in March last year in order also to help Egypt address some of the external shocks, in particular the decline in revenues from the Suez Canal. 

    As you remember, the program is based on four pillars.  One, macroeconomic stability by addressing inflation that constitutes the main issue for economic stability through tightening the monetary policy.  The second is to address the debt issue by improving the primary surplus and also through an active debt management strategy and strengthening debt management organization to reduce gradually the debt and the weight of the debt through the debt service on the economy.  The third important pillar is to preserve the economy from external shocks, and this is the role of the flexibility in the exchange rate.  Flexibility in the exchange rate in a time of high level of uncertainty plays an important way to protect the Egyptian economy from external shocks, and its flexibility has proven to be beneficial to the stability of the Egyptian economy.  The fourth pillar is growing the economy and give a bigger weight to the private sector, and we encourage the authorities to strengthen and accelerate the reinvestment strategy that would allow more investment to come to the Egyptian economy, would give more space to the private sector, and will help the Egyptian economy and the Egyptian people get better opportunities in a time where those international changes would require an acceleration of economic transformation.  The review has been completed in March, and as you know, we had also another facility that was provided to Egypt to help Egypt deal with climate issues, and our engagement with the authorities remain very active.  Shall I move to GCC? 

    MS. AL SHAMI: Yes.

    MR. AZOUR: The next trench will be with the next review. On the GCC, well, of course the direct impact of the trade shock on the region has been limited except that with the prospect of the decline in oil price, it comes at a time where we see a resumption of increase of oil production with the implementation of what has been agreed, though at a slower pace, of the December decision of the OPEC+ agreement.

    As you know, countries of the GCC have different fundamentals and different level of buffers, and therefore there is no one break-even point for all countries.  Our estimates are showing, though, that a decline in oil price of $10 would weaken the fiscal situation by somewhat between 2.3 to 2.7 percent of GDP, and it also, it has similar impact on the external account between 2.5 to 2.7 percent of GDP. 

    I would like to highlight two additional points that some countries have used the opportunity of their diversification strategy to both reduce their dependence on oil as a source of income, but also to diversify fiscally and reduce the impact of oil revenues, which we encourage other countries to follow suit. 

    MS. AL SHAMI: Thank you, Jihad. So we’ll take another round of questions from the room, and then we will turn to online. The lady in the first row, please. 

    QUESTIONER: Dr. Jihad, thank you for taking my question.  Nour Amache from Asharq Bloomberg.  I wanted to ask about Lebanon and Syria and to follow up on what my colleagues here asked about Egypt.  They were asking about the next review, if it’s in June, and the next tranche in June, if we can elaborate on that.  Now, regarding Lebanon, today the parliament passed the law of lifting bank secrecy.  Will this make or will this make the program with the IMF faster?  Will this increase the prospects of a program with Lebanon anytime soon, especially since I know the Lebanese authorities represented by the Finance Minister, the Economy Minister, and the Central Bank Governor are all here in Washington, and a lot of meetings have been undergoing?  That’s regarding Lebanon.  And regarding Syria, also a big Syrian delegation is here.  What has been reached so far with the Syrian counterparts?  Thank you. 

    MS. AL SHAMI: Thank you. One more question. Maybe we’ll go to the gentleman in the front here. 

    QUESTIONER: Thank you.  Mohammad Al-Lubani from Jordan Al-Mamlaka TV.  I’d like to ask in Arabic.  In light of our dependence on American exports, [ESQUAH] said that 25 percent of the exports go to the United States.  How would the tariffs affect Jordan, and are there any estimates of these losses by the Fund?  And what are the recommendations of the Fund in order to face these challenges? 

    MR. AZOUR: The discussions are, you know, continuing, and the engagement with the authorities is taking place during the Spring Meetings. As I mentioned earlier, we look forward to the next review to see an acceleration of the divestment strategy that is one of the key priorities because of its critical impact on sustaining growth in Egypt, providing opportunities to the private sector, and also helping in the effort that Egypt is pursuing in reducing the debt. In the context of high interest rate, it’s very important to address debt service issue, and this would be accelerated by reducing the debt.  Therefore, we look forward to see progress on the authorities’ plan in terms of divestment.

    On Lebanon, the Fund has been supportive of Lebanon, and a staff-level agreement has been reached in 2022.  Lebanon staff, Lebanon team, is and remained actively engaged with the authorities, providing technical assistance.  And recently, we had two staff visits to Lebanon and the authorities have engaged with our team in order to reactivate a potential program.  They have expressed their interest for that.  The Lebanese economic and financial situation has been made

    more challenging with the recent implications of the war and the massive destruction that in addition to the need to address the financial and economic situation, Lebanon is also facing the need to deal with the reconstruction. 

    The pillars of the program will remain valid as they were negotiated.  Macroeconomic stability, based on addressing the legacy of the financial sector.  The legacy of debt, address the debt issue.  Second pillar is to deal with the macroeconomic stability through fiscal consolidation.  Third pillar is to strengthen governance by reforming SOEs and also increasing and improving the confidence factor.  And third is to address social issues, especially now with issues related to the reconstructions.  Discussions are taking place and staff is on active dialogue with the Lebanese authorities. 

    We are in discussion and therefore I think the discussions that we are having during the Spring Meetings are giving the opportunity for us to understand what are the reform priorities of the Lebanese government.  As you know, staff had a couple of visits in the last few weeks, and we will keep our active engagement with the Lebanese authorities.

    On Syria.  Of course, Syria has been absent for the last 15 years due to the war, and their engagement with the institution has been fairly limited since 2011.  The last Article IV consultation with Syria took place in 2009.  The international community and the regional community has been actively engaged in order to see how we could help Syria recover from a long period of war. 

    We had a preparatory meeting preparatory meeting in AlUla back in February where regional institutions and the international community have agreed to have another follow-up coordination meeting that took place last Tuesday where representatives from international institutions, bilaterals, have convened in order to assess the needs of Syria and also to develop a framework of coordination.  The Fund is engaged to support the international community in its engagement with Syria.  We have already started our assessment of the macroeconomic situation, the institutional capacity, and we look forward to continue our engagement with the Syrian authorities. 

    MS. AL SHAMI: Then you have one more question on Jordan.

    MR. AZOUR: Yes, Jordan. In Arabic?  Okay.  Jordan is one of the countries that have been affected by the tariffs, but this is still limited because of the kind of exports or the relationship between Jordan and the United States.  And Jordan managed to overcome, in the recent years, to overcome several shocks, including shocks related to the variability and volatility and the effect of the Gaza issues on the economy of Jordan.  And the latest reviews emphasized the need for Jordan to keep stability and also, despite the external shocks, to take the needed measures in order to improve the macroeconomic situation and to reinforce the economy.  And there has been discussions about supporting Jordan through a new mechanism, the Resilience and Sustainability Facility, in order to help Jordan in the measures that would help it improve adaptation with the climate change and other shocks and other pandemics.  There is actually progress in this regard.  And there will be a review next month by the Executive Board of the Fund about Jordan. 

    MS. AL SHAMI: We’ll turn to Dania, who’s on Webex online. Dania, please go ahead. 

    QUESTIONER: Hello, can you hear me? 

    MS. AL SHAMI: Yes, you can hear you.

    QUESTIONER: Hi.  Hello Dr. Jihad, I just have a follow-up question on the break-even oil prices for the Gulf.  In the October report, countries like Saudi Arabia had a very high break-even price of around 90.  I think it was the second biggest highest in the GCC after Bahrain.  I just wanted to see, this figure is likely to increase given the high expenditures, the lower oil prices.  How will the lower oil prices — you mentioned about the impact on GDP, but the prices, I think, since the beginning of the year have dropped by more than $10.00.  So, the impact has it been considered in the Regional Economic Report?  And especially because I don’t know the report, did it include the impact of the tariffs and the impact of the increase in OPEC production from May, which is accelerated?  And just one clarification, with regards to Saudi break-even, some analysts include the expenditure of the Public Investment Fund.  Is that part of the IMF estimates for the break-even?  What’s included in the break-even?  Thank you very much. 

    MS. AL SHAMI: Thank you. Any additional questions on GCC? Okay, let’s take the gentleman in the middle. 

    QUESTIONER: Hello Mr. Azour, Madame Al Shami, thank you for the opportunity.  Philippe Hage Boutros from L’Orient-Le Jour, Lebanon.  How does the IMF assess the potential impact of declining oil revenues stemming from a possible drop in prices amid the tariff crisis on the capacity and willingness of the Gulf countries to fund international aid, particularly for countries like Lebanon and Syria that urgently need reconstruction financing?  Does it anticipate a significant or relatively limited effect?  Thank you. 

    MS. AL SHAMI: Thank you. And we had one more question on Saudi that we received online. In light of the global trade repercussions, what is the effect on the Saudi market, especially on inflation and growth?  This question comes from Mohammed Al Sulami from Al Akhbariyah in Saudi Arabia. 

    MR. AZOUR: Let me start with Dania’s question. Dania, let me start by saying that over the last few years from a fiscal perspective, Saudi has made a significant improvement through various reforms in order to diversify revenues outside oil and also reduce certain expenditures, including on the subsidy side. And this effort to diversify revenues has led to an increase of non-oil revenues in the GDP for Saudi.  Of course, the last couple of years have been beneficial in terms of providing Saudi and other GCC countries with surplus in the fiscal as well as also in the current account, which have led to increase in buffers.  Of course, still the oil sector represent an important source of revenue and it’s still also an important source of foreign currencies. 

    Coming to the fiscal strategy, Saudi has established a medium-term fiscal framework that anchors policies and also help them deal with the volatility in oil price and become less pro cyclicals.  Of course, the increase in oil price, sorry, the decline in oil price will have impact on the fiscal and will lead to a potential additional drop in fiscal situation. 

    As I mentioned earlier, a decline of $10.00 per barrel or a decline of $1 million of production will have an impact on the fiscal between 2 to 3 percent.  The decline in oil price is accompanied with a recovery in oil production and Saudi was one of the largest, I would say, contributor to the voluntary drop in oil export. 

    When it comes to the link between fiscal and the investment strategy, the investment strategy has been also put in the medium-term framework in the context of the Vision 2030 and regularly there are updates, recalibration and also phasing, based on the capacity to implement and the priorities.

    In our projections, although developments were taking place almost at the time when we were releasing our outlook, we took into consideration the new assumptions on the oil price for this year as well as also on the growth projections. 

    The second question related to Saudi.  The impact of the latest developments on the Saudi economy.  Undoubtedly, the trade relations regarding the non-oil sector is limited with the United States and therefore the impact will also be limited on trade related to tariffs, especially as oil and gas are exempt from the increase in tariffs.  But there will be an indirect impact, as we’ve said.  Saudi Arabia also has a dollarized economy, whether on the side of exports or imports, and therefore the impact will be limited. 

    On the other hand, the reduction or the depreciation of the dollar will affect services, especially tourism.  And this is a sector that Saudi Arabia is trying to develop by establishing new expansion for tourism in Saudi Arabia.

    The other related question on support to the reconstruction in the region.  Let me first say two things.  One, ODA has declined over the last few years, and more recently with the decisions to stop some of the international assistance by USAID and others.  This will have an important impact, especially on countries in fragility who depend heavily on aid.  Countries like Somalia, Sudan, countries like Yemen.  And this represents a risk not only on the fiscal side, but also on the humanitarian side on food security.  This is the first point. 

    The second point is the region is, we’re talking here about the Levant, is going through an important prospect of post-conflict recovery.  Lebanon, Syria, Palestine, and hopefully, Yemen, and Sudan.  This would require strong international and financial assistance.  Of course, this also would require to accelerate certain number of reforms that will allow the private sector to provide financing.  Those countries have strong diasporas, and the recovery could also be co-led by international assistance, also by private sector support.  And some of the reforms, be it in Lebanon or in Syria, are very important to regain confidence and will allow private sector to play its key role in recovering those economies. 

    The region has been very supportive.  And when we look at the official assistance and the interest that is being shown by several countries in the region, be it in the recent meeting that took place in Saudi Arabia, in Al Ula, where ministers of finance from the GCC and regional institutions convened in order to explore opportunities to provide more assistance to those countries. 

    Again, I think it’s very important also to highlight that assistance has to accompany reform programs that will lay the ground to strong institutions will provide confidence for both citizens and also international, private and public community, in order to accelerate the recovery. 

    MS. AL SHAMI: Thank you, Jihad. We’ll take one more round of questions.  The lady on the second row here, please. 

    QUESTIONER:  Hello, I’m Mariam Ali from Dawn News Pakistan.  My question is how will the global tariff war uniquely impact Pakistan?  Any need of buffers in place to mitigate risks to the country?  Thank you. 

    MS. AL SHAMI: Thank you. Let’s take maybe one more question. The gentleman here sitting in the front. 

    QUESTIONER: Thank you, , Director Azour.  My question is on Yemen.  Igor Naimushin, RIA News Agency, D.C. Bureau.  So, last week U.S. struck Ras Isa fuel part in Yemen.  I would like to ask you to outline what repercussions this strike will have on energy security and economic situation in Yemen and broadly in region?  And if you could, provide any details how the IMF — what is the IMF view on longer-term risks for the region as U.S. operation on Yemen continues to unfold?  Thank you. 

    MS. AL SHAMI: Thank you. We’ll take one more question from the gentleman here in the –.

    QUESTIONER: Hi, my name is Magnus Sherman.  I wanted to return to Lebanon.  The new Prime Minister has pledged to not touch the hard currency deposits.  Does the IMF support that position? 

    MS. AL SHAMI: Thank you. And we have an online question from Camille Faris Abu Rafael. How can low- and middle-income countries in MENA balance urgent social needs with long-term fiscal sustainability amid rising debt and global uncertainty and persistently high interest rates?  We’ll take these questions, and we’ll take another round.  Thank you. 

    MR. AZOUR: On Pakistan. Pakistan made significant progress in restoring macroeconomic stability over the last 18 months and the numbers are, for Pakistan, are showing improvement both in terms of growth as well as also in inflation that dropped from 12.6 percent last year in 2024 fiscal year to 6.5 percent this year, expected to stay at this level for next year.  Debt is also stabilizing in the case of Pakistan, and recently Pakistan has been upgraded by rating agencies. 

    Of course, trade tensions will affect relatively Pakistan maybe more than the average in the region.  But I would say the impact on Pakistan directly can be offset by other measures that would allow the Pakistani economy to reposition itself in a world that is in the midst of one of the largest transformation in terms of trade, economic opportunities, and to reposition itself in order to address any risks, but also to potentially benefit from change in the trade routes. 

    The question on Yemen the situation on Yemen is extremely preoccupying at the humanitarian level, both in terms of food security as well as also in terms of human suffering.  And this situation has been inflicting heavy toll on the Yemeni people for a long period of time.  Of course, broadly speaking, instability has been one of the main issues that the region is dealing with.  Instability is one of the key sources of uncertainty for the region.  Addressing this instability is key in providing security for people to improve their living conditions, providing stability for the trade routes, and also provide opportunities for people to rebuild and reconstruct.  The Fund is engaged to (A) keep a very strong contacts with Yemen, provide technical assistance at a time where we cannot provide because of the security situation, financial assistance.  Therefore, we are actively supporting through technical assistance.  And we are also in regular engagement with the authorities. 

    Our next plan is to reengage through Article IV in order to assess the economic situation in Yemen, help the internationally recognized government assess the overall debt situation and the debt liabilities in order, later on, to help Yemen deal with the debt situation, and provide right assessment for the donor community to provide assistance. 

    Political stabilization security is very important to preserve human and social conditions, and the Fund stands ready to help Yemen as well as also other countries facing fragility and conflicts in the region.  And this is something that we are increasing our resources to provide support to those countries. 

    Lebanon.  Lebanon problems are complex in terms of how to address the overall financial challenge.  The solution has to deal through a comprehensive approach with all the financial issues that Lebanon is facing.  A piecemeal approach is not what Lebanon needs today.  A reform package that restores confidence, addresses the legacy of the past, provides opportunities for the economy to recover, by also promoting the capacity of the financial system to finance the recovery, mobilize international assistance to help Lebanon dealing with the reconstruction needs, and also support the reforms are priorities that our team is currently discussing with the Lebanese authorities. 

    The question related to balancing short-term and medium-term.  I think it’s a very important question.  We live currently in a world of high uncertainty and in our outlook this spring we have — and I would encourage you to read it,  it’s very interesting piece — we have tried to assess the impact of uncertainty on the region and the uncertainty is of multiple layers.  A global uncertainty, regional, geopolitical and conflict situation, but also internal or local uncertainties.  Those are important issues for countries to address. 

    In very brief, countries need to in the short term to preserve stability and that would require to increase their buffers.  And for those who have limited buffers to accelerate fiscal consolidations to reduce the risk, address some of their financing issues, especially countries who have high level of debt and for those who have buffers, preserve those and use them when they need.  But I think what is really important, especially given the lasting negative impact of uncertainties on countries, is to address the medium-term issues.  And addressing the medium-term issues will help unlock growth, accelerating structural reforms, improving economic conditions, provide stronger social protection framework by moving from untargeted subsidies to something that is more meaningful in terms of social support would be extremely beneficial for countries in the region. 

    MS. AL SHAMI: Thank you very much, Jihad and I’m afraid we have run out of time. Thank you all for participating with us today and as always, we will be posting the transcript online.  But just a reminder that we will be launching our report next week on May 1 so stay tuned for that.  And as Jihad mentioned, please join us tomorrow at 2:30 for the seminar on how countries can navigate uncertainties.  Jihad, any last words? 

    MR. AZOUR: Only to say thank you. And thanks to our friends here, the journalists. We look forward to provide you with more details in Dubai next week with all the details, as well as also country-specific information on our Regional Economic Outlook.  And two days after that, in Samarkand, in Uzbekistan, on the outlook for Caucasus and Central Asia.  Thank you very much. 

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Angham Al Shami

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

    https://www.imf.org/en/News/Articles/2025/04/24/tr-04242025-mcd-press-briefing-sms-2025

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI USA: McClellan Statement on Federal Judge Blocking Trump Voter Suppression Measures

    Source: United States House of Representatives – Congresswoman Jennifer McClellan (Virginia 4th District)

    Washington, D.C. – Today, Congresswoman Jennifer McClellan (VA-04) issued the following statement after Senior District Judge Colleen Kollar-Kotelly blocked parts of President Trump’s executive order to restrict voter registration, threatening millions of Americans’ fundamental right to vote:

    “Today’s decision affirms that Congress and the States, not the President, regulate federal elections and determines eligibility to vote therein. I applaud Judge Kollar-Kotelly for blocking President Trump’s effort to change voter registration requirements by Presidential fiat. Today’s order is a victory for separation of powers in a larger battle against President Trump’s efforts to ignore his responsibilities to preserve, protect, and defend the Constitution of the United States.” 

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rosen, Colleagues Call on Trump to Stop Weaponizing Antisemitism And Protect Students On Campuses Across The Country

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)

    WASHINGTON, DC – Today, U.S. Senator Jacky Rosen (D-NV) joined Senators Chuck Schumer (D-NY), Richard Blumenthal (D-CT), Brian Schatz (D-HI), and Adam Schiff (D-CA) in a letter calling on President Trump to stop weaponizing antisemitism — a real and widespread problem in America, including on college campuses — to attack educational institutions. Since taking office, Trump has repeatedly weaponized antisemitism as a political tool to further a broader conservative agenda against higher education, which includes cutting funding and attempting to coerce universities, all of which undermines legitimate, nonpartisan efforts to combat rising antisemitism in educational settings.
    “We are extremely troubled and disturbed by your broad and extra-legal attacks against universities and higher education institutions as well as members of their communities, which seem to go far beyond combating antisemitism, using what is a real crisis as a pretext to attack people and institutions who do not agree with you,” wrote the Senators. “These attacks go far beyond constructive and necessary efforts to support Jewish students on campus during an unprecedented period of domestic antisemitism.”
    “We urge you to reverse course immediately,” they continued. “We strongly support efforts to ensure universities uphold their duty to protect students from unlawful discrimination and harassment, but we reject your administration’s policies of defunding and punishing universities out of spite, as they actually undermine the work of combating antisemitism – ultimately only making Jews less safe by pitting Jewish safety against other communities and undermining the freedoms and democratic norms that have allowed Jewish communities, and so many others, to thrive in the United States.”
    The full letter can be found HERE.
    For years, Senator Rosen has worked across party lines to combat antisemitism and prevent efforts to do so from becoming politicized. In February, Rosen introduced the bipartisan Antisemitism Awareness Act, which directs the Department of Education to use the International Holocaust Remembrance Alliance’s (IHRA) definition of antisemitism when investigating antisemitic acts on college campuses. Earlier this year, Rosen introduced bipartisan legislation to strengthen Holocaust education. Last year, Rosen’s bipartisan legislation to reauthorize the Never Again Education Act became law. Rosen helped launch the first-ever Senate Bipartisan Task Force for Combating Antisemitism with Senator James Lankford (R-OK) and led the push to create the first-ever national strategy to counter antisemitism. Senator Rosen also helped introduce a bipartisan resolution denouncing antisemitism at institutions of higher education, which passed the Senate unanimously.

    MIL OSI USA News

  • MIL-OSI Security: Convicted felon sentenced to 10 years in prison on drug and gun charges

    Source: Office of United States Attorneys

    BILLINGS – A convicted felon from Belgrade who possessed methamphetamine and a firearm was sentenced today to 121 months in prison to be followed by 5 years supervised release, U.S. Attorney Kurt Alme said.

    Robert Stuart Quam, 44, pleaded guilty in July 2024 to one count of possession with intent to distribute methamphetamine and one count of prohibited person in possession of a firearm.

    U.S. District Judge Susan Watters presided.

    The government alleged in court documents that on March 27, 2023, agents with the Montana Division of Criminal Investigation (DCI) received information Robert Quam was distributing methamphetamine and fentanyl in Montana. Given this intel, a DCI Agent, acting in an undercover capacity, began speaking to Quam via social media.

    During their conversations, Quam agreed to sell one ounce of methamphetamine for $500. On March 31, 2023, the undercover agent and Quam agreed to meet at the Scheel’s parking lot in Billings to conduct the transaction. Quam arrived at the parking lot and entered the agent’s vehicle. During the transaction, the agent observed Quam with a black bag. Quam removed another bag from inside of the black bag which contained numerous smaller bags with suspected methamphetamine. Quam provided one of the smaller bags containing approximately one ounce of methamphetamine to the agent and the agent provided Quam with $500. Toward the end of the transaction, Quam pulled a pistol from his pocket and placed it onto floorboard of the car. Quam then placed the pistol into the black bag and left the vehicle.

    The undercover agent and Quam spoke over the phone again after the transaction. During the conversation, Quam began talking about firearms. Quam told the agent there are a lot of people getting robbed, and he does not like guns, however, he knows he needs a firearm for protection. Quam advised the agent his pistol was a “.45 caliber.” On September 20, 2023, a Gallatin County Sheriff’s Office (GCSO) Deputy conducted a traffic stop on a vehicle in Belgrade. Quam was identified as the passenger in the vehicle and had a safe on the floorboard at his feet. During the interaction, the deputy uncovered a loaded firearm in Quam’s left pocket. Quam was detained.

    GCSO deployed a canine to conduct an exterior sniff of the vehicle and the dog alerted to the presence of drugs inside the vehicle. The driver of the vehicle told law enforcement the safe belonged to Quam.

    Law enforcement received a search warrant for the vehicle and its contents and seized approximately 1086.8 grams of methamphetamine.

    Quam was convicted of conspiracy to possess with intent to distribute methamphetamine, a felony, in the United States Court for the District of Montana on February 28, 2014. Consequently, he is prohibited from possessing firearms.

    Assistant U.S. Attorney Colin Rubich prosecuted the case, and the investigation was conducted by the Missouri River Drug Task Force.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. For more information about Project Safe Neighborhoods, please visit Justice.gov/PSN.

    XXX

    MIL Security OSI

  • MIL-OSI: Next Hydrogen Reports Q4 2024 and Fiscal 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MISSISSAUGA, Ontario, April 24, 2025 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (the “Company” or “Next Hydrogen”) (TSXV:NXH, OTC:NXHSF), a designer and manufacturer of electrolyzers, is pleased to report its financial results for the fourth quarter and full year ended December 31, 2024.

    “Next Hydrogen demonstrated best commercially available cell performance with best-in-class operating range, delivered its second-generation system to a customer site after an extended Factory Acceptance Test, secured a strategically important Green Ammonia project in partnership with GE and Casale, entered the aviation fuels vertical in partnership with Pratt & Whitney and secured funding support from Export Development Canada and existing investors,” said Raveel Afzaal, President & CEO. “With proven technology advantage and globally competitive gigawatt scale manufacturing capacity available through partnering with a leading hydrogen production system manufacturer, our objective is to drive a significant growth in our sales backlog in strategic verticals in 2025.”  

    2024 Financial Highlights

    • Cash balance was $3.5M as of December 31, 2024, compared to $10.9M as of December 31, 2023.
    • Revenue for the year ended December 31, 2024 was $1.4M compared to $1.0M in the same period of the prior year.
    • Net loss and comprehensive loss for the year ended December 31, 2024 was $14.6M compared to $12.0M in the same period of the prior year.

    Management is proud to highlight several recent milestones that demonstrate significant recent progress:

    • In April 2025, Next Hydrogen received a $5M working capital debt facility from the Export Development Canada (“EDC”), of which approximately $3M has been received in cash and the remaining $2M is expected later in the year. Next Hydrogen intends to use the funds where necessary to improve on its technology and for general corporate purposes.
    • Next Hydrogen has achieved over 40,000 hours of data on its test platform driving the significant improvement in cell performance achieved to date.
    • In March 2025, Next Hydrogen partnered with a leading hydrogen production system manufacturer with an existing gigawatt scale manufacturing facility to accelerate the scale-up and commercialization of its water electrolysis technology. This partnership provides Next Hydrogen with world-leading manufacturing capacity and competitively positions it to bid on large-scale projects globally starting in 2026. Next Hydrogen will continue to maintain control over intellectual property and electrolyzer design. The Company also aims to further expand its Canadian operations to ensure flexible supply chain and production that aligns with evolving clean energy policies, driving global green hydrogen adoption.
    • In March 2025, Next Hydrogen received ISO 9001-2015 and ISO 45001-2018 certifications for its 6610 Edwards Boulevard site in Mississauga, Canada. This demonstrates and certifies Next Hydrogen’s standardized quality systems, health and safety management systems, supplier selection processes, and continuous improvement processes. These certifications show that the Company has an efficient operating system capable of scaling to support its expanding customer base.
    • In March 2025, the Company appointed Adarsh Mehta to the Company’s board of directors (the “Board”). Ms. Mehta filled the vacancy on the Board resulting from the resignation of Mr. Matthew Fairlie, who resigned from the Board effective January 15, 2025. Ms. Mehta is VP of Business Development at Jenner Renewable Consulting, with 22 years of experience in renewable energy, leading technical reviews, due diligence, and development for over 2,500MW of wind and solar projects in the Americas. She served on the Canadian Wind Energy Association’s Board from 2008 to 2015 and was Chairperson in 2011. Her extensive expertise in renewable energy and project development is crucial for the Company’s growth.
    • As of December 2024, the Company closed a private placement offering (the “Offering”) and received unsecured convertible debentures (each, a “Debenture”) consisting of about $2.7M principal amount of Debentures. Next Hydrogen intends to use the proceeds of the Offering to invest in its scale-up efforts and for general corporate purposes.
    • In November 2024, Next Hydrogen and Pratt & Whitney announced a collaboration to demonstrate the use of hydrogen in aircraft engines as an enabler for reducing CO2 emissions. This project is partially funded by Canada’s Initiative for Sustainable Aviation Technology (“INSAT”) and will accelerate the Company’s efforts towards high efficiency, low-cost electrolyzers which are needed for establishing hydrogen production infrastructure for aviation fuel.
    • In October 2024, the Company successfully completed a durability test of its second-generation water electrolyzer technology (“GEN2”) electrolysis cells used in the efficient production of green hydrogen. The GEN2 cells will be deployed in Next Hydrogen electrolyzers at customer sites for commercial operation. Next Hydrogen previously reported that it has achieved its energy efficiency targets cell performance of 1.90 V/cell at 1 A/cm2 and 70°C for its GEN2 water electrolyzer technology which exceeded the reported US Department of Energy (“DOE”) technical targets status for energy efficiency. The GEN2 performance achievement has positioned the Company to being the industry leader in electrolysis cell performance.
    • In October 2024, Next Hydrogen welcomed Premier Doug Ford, Associate Minister Sam Oosterhoff, Minister Stephen Lecce, MPP Deepak Anand and MPP Rudy Cuzzetto to their manufacturing facility. This along with the visit from our Deputy Prime Minister (see below) demonstrates the strong alignment between the Company’s work and the national strategy for Canada to be a leader in green hydrogen production.
    • In September 2024, the Company successfully completed an extended Factory Acceptance Test for its GEN2 electrolysis cells. The Company plans to commission the system at an external reference site for market demonstration in 2025.
    • In August 2024, the Company was awarded a contract by the University of Minnesota (“UMN”) for its latest generation electrolysis technology to be installed at the UMN West Central Research and Outreach Center (“WCROC”). The WCROC project is supported by the U.S. Department of Energy’s Advanced Research Project Agency (“ARPA-E”) as well as other partners including RTI International (“RTI”) and will include technologies from Casale SA, RTI, UMN, Nutrien and Shell to demonstrate the production of ammonia from renewable energy targeting emerging energy markets and existing agricultural markets. Next Hydrogen will be supplying its latest third-generation Alkaline Water Electrolyzers featuring further advancements in energy efficiency, current density and operating pressure.
    • In May 2024, the Company was granted a repayable contribution of $2M from Federal Economic Development Agency for Southern Ontario. This non-interest-bearing contribution is intended to support the Company’s growth initiatives aimed at commercialization and business development advancements. The Company continues to be in advanced discussions with FedDev Ontario to help support its activities for 2025 and beyond.
    • In April 2024, Next Hydrogen welcomed former Deputy Prime Minister Chrystia Freeland, MP Kamal Khera and MP Peter Fonseca to their manufacturing facility to announce new investment tax credits which further supported the Canadian clean technology sector. Minister Freeland also stated publicly “Next Hydrogen in Mississauga is changing the game in renewable energy and clean hydrogen production!”

    For a more detailed discussion of Next Hydrogen’s fourth quarter and fiscal 2024 results, please see the Company’s financial statements and management’s discussion and analysis, which are available on the Company’s website at nexthydrogen.com or on SEDAR+ at www.sedarplus.ca.

    In addition, to better understand our achievements from 2024 and the outlook for 2025, please refer to the CEO letter included in the 2024 year-end MD&A.

    About Next Hydrogen

    Founded in 2007, Next Hydrogen is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Next Hydrogen’s unique cell design architecture supported by 40 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize industrial and transportation sectors.

    Contact Information

    Raveel Afzaal, President and Chief Executive Officer
    Next Hydrogen Solutions Inc.
    Email: rafzaal@nexthydrogen.com
    Phone: 647-961-6620

    www.nexthydrogen.com

    Cautionary Statements

    This news release contains “forward-looking information” and “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks associated with the hydrogen industry in general; delays or changes in plans with respect to infrastructure development or capital expenditures; cell efficiency targets; expected order sizes for the product line; customer relationships and customer terms for testing of products at a customer site; the ability of the Corporation to optimize energy efficiencies; the Corporation’s available resources to double its growing backlog; uncertainty with respect to the timing of any contemplated transactions or partnerships, or whether such contemplated transactions or partnerships will be completed at all; whether the uncertainty of estimates and projections relating to costs and expenses; failure to obtain necessary regulatory approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; as well as general economic conditions, stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, there will be no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.

    The MIL Network

  • MIL-OSI USA: ICYMI: Senator Coons condemns Trump attacks on AmeriCorps in U.S. News op-ed

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WILMINGTON, Del. – In case you missed it, U.S. Senator Chris Coons (D-Del.) published an op-ed in U.S. News & World Report yesterday decrying President Trump’s and Elon Musk’s devastating attacks on AmeriCorps, a program that has long stood as an example of Americans’ generosity and commitment to serving our communities. Senator Coons is a Co-chair of the National Service Caucus.
    Additionally, Senator Coons led a letter to Trump yesterday co-signed by 148 of his colleagues in Congress defending AmeriCorps and NCCC AmeriCorps members. The letter calls on President Trump to reverse cuts made last week by the Department of Government Efficiency (DOGE) to the agency that deploys more than 200,000 Americans a year through programs such as AmeriCorps and AmeriCorps Seniors that support critical community services at more than 35,000 locations across the country. 
    “Helping is an American value that has guided us since our nation’s founding,” Senator Coons wrote. “But our current president and his biggest donor, Elon Musk, whom Trump has put in charge of slashing the federal government, have been systematically firing helpers all across our country…. I believe we are born onto this earth to care for one another, to do justice, to love mercy and to walk humbly. To not just look for the helpers, but to be them.” 
    Last week, nearly every AmeriCorps staff member was put on administrative leave, which has been followed by a wave of “Reduction in Force” notices today. This extreme reduction in force will make it impossible for AmeriCorps to continue delivering critical services to Americans, including disaster response, teaching and tutoring, and supporting veterans.
    “In the next hurricane, the next earthquake, the next teacher shortage, where will the helpers be?” Senator Coons asked. “Cut by cut, Americans will be looking for helpers who never come.”
    Senator Coons also made the point that AmeriCorps isn’t a waste of taxpayer dollars—it’s a sound economic investment. Despite costing only one-fiftieth of 1% of the $6.8 trillion federal budget, AmeriCorps returns $17 in societal benefits for every dollar spent.
    You can read the full op-ed here. 

    MIL OSI USA News