Category: Statistics

  • MIL-OSI NGOs: Activism Less than 3% of protest arrests result in charges as ‘right to protest’ campaign launches Civil society groups concerned about politicised policing launch nationwide billboard campaign to stand up for right to protest New research by Greenpeace indicates that the Metropolitan Police have regularly arrested… by Graham Thompson July 3, 2025

    Source: Greenpeace Statement –

    • Civil society groups concerned about politicised policing launch nationwide billboard campaign to stand up for right to protest

    New research by Greenpeace indicates that the Metropolitan Police have regularly arrested protesters when there is an extremely low chance of them ever being charged. Officers made more than 600 arrests in London over the last six years for conspiracy to cause public nuisance but only 18 of them (2.8%) resulted in charges. The research also showed an almost tenfold rise in the number of arrests in the capital since 2019, when environmental protests became widespread. 

    These numbers support the belief, widespread amongst activists and protesters, that the police are abusing this offence and other anti-protest laws to remove and intimidate peaceful protesters.

    Greenpeace used Freedom of Information requests to find out how many people were arrested between 2012 and March 2025 on suspicion of conspiracy to cause a public nuisance – an offence under the Police, Crime, Sentencing and Courts Act 2022 that is frequently used by the police to clear protesters from the streets.

    Areeba Hamid, co-executive director of Greenpeace UK said: “The fact that police are routinely dragging protesters off the streets for a crime they almost always fail to charge them with amounts to an abuse of their powers and an assault on the right to protest. Arresting law-abiding people because they’re politically inconvenient is a frightening development in any democracy, and is a direct result of the government’s instinct to shut down free speech and prevent people standing up for issues they care deeply about.”

    The findings come as four leading environmental and human rights groups – Amnesty International UK, Friends of the Earth, Greenpeace and Liberty – launch a nationwide advertising campaign to stand up for the right to protest. The campaign features videos of real protesters on a range of issues holding placards that say ‘I’m protesting in here to avoid arrest out there’.

    The protesters appear on digital billboards clustered in popular shopping areas in London, Birmingham and Manchester, given free to the campaign as the prize in Ocean Outdoor’s annual Digital Creative Competition. Digital special effects by creative agency ‘elvis’ make the protesters appear to be present on the street, like a virtual protest march. They each represent a different cause including disability rights, Gaza, climate change, anti-black racism, plastic pollution and the campaign to keep the NHS public.

    Khalid Abdallah, an actor and protester for Palestinian rights from London who appears in the campaign, said: “I think a lot of people don’t realise that the crackdown on protest isn’t just about tougher laws on disruptive civil disobedience, it’s about creating a climate of intimidation. The right to speak out against the actions of the government is an important test of whether you live in a free, democratic country. I have lived in countries where rights we hold dear in Britain do not exist, and my family has paid the price for speaking out. So I did not expect Britain to be the country where I would first be investigated by police for my participation at a public protest. For six months I lived under the threat of being charged, until it was confirmed the police would not take further action. Clearly, these statistics show I’m not an isolated case.”

    Ocean Outdoor / elvis

    Researchers at Greenpeace asked the Metropolitan Police to provide data on arrests and charges for public nuisance offences between 2012 and March 2025. They found there had been 67 arrests and 8 charges for conspiring to cause a public nuisance between 2012 and the end of 2018, compared with 638 arrests and 18 charges since 2019, equating to an almost tenfold increase in arrests. The rate of arrests resulting in charges also dropped from around 12% to below 3%. 

    The sharp increase in 2019 happened around the same time that Extinction Rebellion and Fridays for Future brought thousands of people onto the streets of London to protest against the lack of action to tackle climate change. Since then, successive governments have passed additional anti-protest laws giving police officers a wider range of offences to choose from, many carrying lengthy custodial sentences, resulting in hundreds of protesters being arrested and some being handed record prison sentences of up to five years.

    Greenpeace and the other groups are calling on the Home Secretary to restore people’s right to make their voices heard on issues they care about by reversing anti-protest measures in two key pieces of legislation passed since 2022. They are also asking ministers to strike out protest clauses in the Crime and Policing Bill currently making its way through parliament.

    ENDS

    Contact

    Greenpeace UK Press Office – press.uk@greenpeace.org or 020 7865 8255

    Notes to editors

    Download images of the activists here: https://media.greenpeace.org/Detail/27MZIFJR3CJNV 

    Further stills and video footage from the campaign will become available from the link above from the first of July onwards. 

    Total arrests and charges made by the Metropolitan Police for conspiracy to cause public nuisance, 2012-2025:

    Arrests Charges Charges as % of arrests
    2012 34 2 5.9%
    2013 0 0 n/a
    2014 0 0 n/a
    2015 11 4 36.4%
    2016 19 2 10.5%
    2017 1 0 0.0%
    2018 2 0 0.0%
    Total 1 Jan 2012-31 Dec 2018 67 8 11.9%
    2019 205 6 2.9%
    2020 46 0 0.0%
    2021 272 0 0.0%
    2022 55 12 21.8%
    2023 27 0 0.0%
    2024 33 0 0.0%
    2025(1 Jan – 21 Mar) 0 0 n/a
    Total 1 Jan 2019-21 Mar 2025 638 18 2.8%

    The full dataset on arrests and charges is available here

    “Conspiracy to commit public nuisance is a serious offence under UK law that involves a group of people agreeing to cause harm, disruption, or obstruction to the public. Whether it’s blocking roads, interfering with emergency services, or creating safety risks, this offence can lead to severe legal consequences, even if the nuisance doesn’t actually happen.” https://www.moeenco.com/conspiracy-to-commit-public-nuisance

    The campaign

    The six protestors featured in the advertising campaign are:

    • Khalid Abdallah, an actor and protester for Palestinian rights from London 
    • Dr Helen Salisbury, GP and protestor for Keep Our NHS Public from Oxfordshire
    • Andy Greene, a disability rights activist with Disabled People Against the Cuts from London
    • Andrew McParland, climate activist and Greenpeace UK board member from Birmingham
    • Jen Reid, author of ‘A Hero Like Me’ and Black Lives Matter activist from Bristol
    • Sahanika Ratnayake, an academic who protests on environmental issues from Manchester

    The advertising campaign was awarded the Gold prize in the non-profit category of Ocean Outdoor’s annual Digital Creative Competition which seeks bold, original work that pushes the boundaries of ‘Digital Out of Home’ advertising. It launches on 3rd July across Ocean’s city centre Loop networks in Birmingham and Manchester, and in a high footfall area of Westfield Stratford City in London on billboards in close proximity to each other to replicate a real protest. The campaign was created and shot by elvis.

    About elvis

    elvis is an award-winning B-Corp certified creative agency that works with some of the world’s most ambitious brands. The agency’s mission is to use unexpected & unforgettable creativity to help people and brands grow in a better way. Not only is this based on the fundamental role that impact and salience play in the most powerful creative work, but also reflects the agency’s B Corp status. elvis won the non-profit category in the 2024 Ocean Outdoor Competition with their ‘Can’t arrest this billboard’ idea, in partnership with Greenpeace. elvislondon.com 

    About Ocean Outdoor

    A partner company of Atairos, the independent strategic investment company, Ocean Outdoor is the leading operator of Digital Out of Home (DOOH) advertising across the UK and Europe. The Group’s network of 4,000+ screens covers seven countries, with its technological capabilities delivering impactful and measurable DOOH brand and advertising experiences. Ocean’s portfolio covers iconic locations including the Piccadilly Lights and the BFI IMAX, and the company works closely with high-profile landlords, as well as major city councils, on the development of its network. Since 2018, Ocean has expanded into the Netherlands and the Nordics. Ocean Germany launched in 2024.

    The campaign organisations

    Liberty challenges injustice, defends freedom and campaigns for everyone in the UK to be treated fairly, with dignity and respect. Since 1934 we’ve inspired and empowered people to defend their rights, and the rights of their family, friends and communities. Join us. Stand up to power.   

    Amnesty International is the world’s largest human rights organisation with over 10 million supporters, working to protect people wherever justice, freedom, truth and dignity are denied. Amnesty International is a recipient of the Nobel Peace Prize.

    Friends of the Earth England, Wales and Northern Ireland (EWNI) is the UK’s largest grassroots network. We’re part of a global environmental justice community dedicated to the protection of the natural world and the wellbeing of everyone in it. We bring together more than two million people in 70 countries, combining people power all over the world to transform local actions into global impact. 

    Greenpeace is a movement of people who are passionate about defending the natural world from destruction. Our vision is a greener, healthier and more peaceful planet, one that can sustain life for generations to come. 

    MIL OSI NGO

  • MIL-OSI NGOs: Activism Less than 3% of protest arrests result in charges as ‘right to protest’ campaign launches Civil society groups concerned about politicised policing launch nationwide billboard campaign to stand up for right to protest New research by Greenpeace indicates that the Metropolitan Police have regularly arrested… by Graham Thompson July 3, 2025

    Source: Greenpeace Statement –

    • Civil society groups concerned about politicised policing launch nationwide billboard campaign to stand up for right to protest

    New research by Greenpeace indicates that the Metropolitan Police have regularly arrested protesters when there is an extremely low chance of them ever being charged. Officers made more than 600 arrests in London over the last six years for conspiracy to cause public nuisance but only 18 of them (2.8%) resulted in charges. The research also showed an almost tenfold rise in the number of arrests in the capital since 2019, when environmental protests became widespread. 

    These numbers support the belief, widespread amongst activists and protesters, that the police are abusing this offence and other anti-protest laws to remove and intimidate peaceful protesters.

    Greenpeace used Freedom of Information requests to find out how many people were arrested between 2012 and March 2025 on suspicion of conspiracy to cause a public nuisance – an offence under the Police, Crime, Sentencing and Courts Act 2022 that is frequently used by the police to clear protesters from the streets.

    Areeba Hamid, co-executive director of Greenpeace UK said: “The fact that police are routinely dragging protesters off the streets for a crime they almost always fail to charge them with amounts to an abuse of their powers and an assault on the right to protest. Arresting law-abiding people because they’re politically inconvenient is a frightening development in any democracy, and is a direct result of the government’s instinct to shut down free speech and prevent people standing up for issues they care deeply about.”

    The findings come as four leading environmental and human rights groups – Amnesty International UK, Friends of the Earth, Greenpeace and Liberty – launch a nationwide advertising campaign to stand up for the right to protest. The campaign features videos of real protesters on a range of issues holding placards that say ‘I’m protesting in here to avoid arrest out there’.

    The protesters appear on digital billboards clustered in popular shopping areas in London, Birmingham and Manchester, given free to the campaign as the prize in Ocean Outdoor’s annual Digital Creative Competition. Digital special effects by creative agency ‘elvis’ make the protesters appear to be present on the street, like a virtual protest march. They each represent a different cause including disability rights, Gaza, climate change, anti-black racism, plastic pollution and the campaign to keep the NHS public.

    Khalid Abdallah, an actor and protester for Palestinian rights from London who appears in the campaign, said: “I think a lot of people don’t realise that the crackdown on protest isn’t just about tougher laws on disruptive civil disobedience, it’s about creating a climate of intimidation. The right to speak out against the actions of the government is an important test of whether you live in a free, democratic country. I have lived in countries where rights we hold dear in Britain do not exist, and my family has paid the price for speaking out. So I did not expect Britain to be the country where I would first be investigated by police for my participation at a public protest. For six months I lived under the threat of being charged, until it was confirmed the police would not take further action. Clearly, these statistics show I’m not an isolated case.”

    Ocean Outdoor / elvis

    Researchers at Greenpeace asked the Metropolitan Police to provide data on arrests and charges for public nuisance offences between 2012 and March 2025. They found there had been 67 arrests and 8 charges for conspiring to cause a public nuisance between 2012 and the end of 2018, compared with 638 arrests and 18 charges since 2019, equating to an almost tenfold increase in arrests. The rate of arrests resulting in charges also dropped from around 12% to below 3%. 

    The sharp increase in 2019 happened around the same time that Extinction Rebellion and Fridays for Future brought thousands of people onto the streets of London to protest against the lack of action to tackle climate change. Since then, successive governments have passed additional anti-protest laws giving police officers a wider range of offences to choose from, many carrying lengthy custodial sentences, resulting in hundreds of protesters being arrested and some being handed record prison sentences of up to five years.

    Greenpeace and the other groups are calling on the Home Secretary to restore people’s right to make their voices heard on issues they care about by reversing anti-protest measures in two key pieces of legislation passed since 2022. They are also asking ministers to strike out protest clauses in the Crime and Policing Bill currently making its way through parliament.

    ENDS

    Contact

    Greenpeace UK Press Office – press.uk@greenpeace.org or 020 7865 8255

    Notes to editors

    Download images of the activists here: https://media.greenpeace.org/Detail/27MZIFJR3CJNV 

    Further stills and video footage from the campaign will become available from the link above from the first of July onwards. 

    Total arrests and charges made by the Metropolitan Police for conspiracy to cause public nuisance, 2012-2025:

    Arrests Charges Charges as % of arrests
    2012 34 2 5.9%
    2013 0 0 n/a
    2014 0 0 n/a
    2015 11 4 36.4%
    2016 19 2 10.5%
    2017 1 0 0.0%
    2018 2 0 0.0%
    Total 1 Jan 2012-31 Dec 2018 67 8 11.9%
    2019 205 6 2.9%
    2020 46 0 0.0%
    2021 272 0 0.0%
    2022 55 12 21.8%
    2023 27 0 0.0%
    2024 33 0 0.0%
    2025(1 Jan – 21 Mar) 0 0 n/a
    Total 1 Jan 2019-21 Mar 2025 638 18 2.8%

    The full dataset on arrests and charges is available here

    “Conspiracy to commit public nuisance is a serious offence under UK law that involves a group of people agreeing to cause harm, disruption, or obstruction to the public. Whether it’s blocking roads, interfering with emergency services, or creating safety risks, this offence can lead to severe legal consequences, even if the nuisance doesn’t actually happen.” https://www.moeenco.com/conspiracy-to-commit-public-nuisance

    The campaign

    The six protestors featured in the advertising campaign are:

    • Khalid Abdallah, an actor and protester for Palestinian rights from London 
    • Dr Helen Salisbury, GP and protestor for Keep Our NHS Public from Oxfordshire
    • Andy Greene, a disability rights activist with Disabled People Against the Cuts from London
    • Andrew McParland, climate activist and Greenpeace UK board member from Birmingham
    • Jen Reid, author of ‘A Hero Like Me’ and Black Lives Matter activist from Bristol
    • Sahanika Ratnayake, an academic who protests on environmental issues from Manchester

    The advertising campaign was awarded the Gold prize in the non-profit category of Ocean Outdoor’s annual Digital Creative Competition which seeks bold, original work that pushes the boundaries of ‘Digital Out of Home’ advertising. It launches on 3rd July across Ocean’s city centre Loop networks in Birmingham and Manchester, and in a high footfall area of Westfield Stratford City in London on billboards in close proximity to each other to replicate a real protest. The campaign was created and shot by elvis.

    About elvis

    elvis is an award-winning B-Corp certified creative agency that works with some of the world’s most ambitious brands. The agency’s mission is to use unexpected & unforgettable creativity to help people and brands grow in a better way. Not only is this based on the fundamental role that impact and salience play in the most powerful creative work, but also reflects the agency’s B Corp status. elvis won the non-profit category in the 2024 Ocean Outdoor Competition with their ‘Can’t arrest this billboard’ idea, in partnership with Greenpeace. elvislondon.com 

    About Ocean Outdoor

    A partner company of Atairos, the independent strategic investment company, Ocean Outdoor is the leading operator of Digital Out of Home (DOOH) advertising across the UK and Europe. The Group’s network of 4,000+ screens covers seven countries, with its technological capabilities delivering impactful and measurable DOOH brand and advertising experiences. Ocean’s portfolio covers iconic locations including the Piccadilly Lights and the BFI IMAX, and the company works closely with high-profile landlords, as well as major city councils, on the development of its network. Since 2018, Ocean has expanded into the Netherlands and the Nordics. Ocean Germany launched in 2024.

    The campaign organisations

    Liberty challenges injustice, defends freedom and campaigns for everyone in the UK to be treated fairly, with dignity and respect. Since 1934 we’ve inspired and empowered people to defend their rights, and the rights of their family, friends and communities. Join us. Stand up to power.   

    Amnesty International is the world’s largest human rights organisation with over 10 million supporters, working to protect people wherever justice, freedom, truth and dignity are denied. Amnesty International is a recipient of the Nobel Peace Prize.

    Friends of the Earth England, Wales and Northern Ireland (EWNI) is the UK’s largest grassroots network. We’re part of a global environmental justice community dedicated to the protection of the natural world and the wellbeing of everyone in it. We bring together more than two million people in 70 countries, combining people power all over the world to transform local actions into global impact. 

    Greenpeace is a movement of people who are passionate about defending the natural world from destruction. Our vision is a greener, healthier and more peaceful planet, one that can sustain life for generations to come. 

    MIL OSI NGO

  • MIL-OSI NGOs: Activism Less than 3% of protest arrests result in charges as ‘right to protest’ campaign launches Civil society groups concerned about politicised policing launch nationwide billboard campaign to stand up for right to protest New research by Greenpeace indicates that the Metropolitan Police have regularly arrested… by Graham Thompson July 3, 2025

    Source: Greenpeace Statement –

    • Civil society groups concerned about politicised policing launch nationwide billboard campaign to stand up for right to protest

    New research by Greenpeace indicates that the Metropolitan Police have regularly arrested protesters when there is an extremely low chance of them ever being charged. Officers made more than 600 arrests in London over the last six years for conspiracy to cause public nuisance but only 18 of them (2.8%) resulted in charges. The research also showed an almost tenfold rise in the number of arrests in the capital since 2019, when environmental protests became widespread. 

    These numbers support the belief, widespread amongst activists and protesters, that the police are abusing this offence and other anti-protest laws to remove and intimidate peaceful protesters.

    Greenpeace used Freedom of Information requests to find out how many people were arrested between 2012 and March 2025 on suspicion of conspiracy to cause a public nuisance – an offence under the Police, Crime, Sentencing and Courts Act 2022 that is frequently used by the police to clear protesters from the streets.

    Areeba Hamid, co-executive director of Greenpeace UK said: “The fact that police are routinely dragging protesters off the streets for a crime they almost always fail to charge them with amounts to an abuse of their powers and an assault on the right to protest. Arresting law-abiding people because they’re politically inconvenient is a frightening development in any democracy, and is a direct result of the government’s instinct to shut down free speech and prevent people standing up for issues they care deeply about.”

    The findings come as four leading environmental and human rights groups – Amnesty International UK, Friends of the Earth, Greenpeace and Liberty – launch a nationwide advertising campaign to stand up for the right to protest. The campaign features videos of real protesters on a range of issues holding placards that say ‘I’m protesting in here to avoid arrest out there’.

    The protesters appear on digital billboards clustered in popular shopping areas in London, Birmingham and Manchester, given free to the campaign as the prize in Ocean Outdoor’s annual Digital Creative Competition. Digital special effects by creative agency ‘elvis’ make the protesters appear to be present on the street, like a virtual protest march. They each represent a different cause including disability rights, Gaza, climate change, anti-black racism, plastic pollution and the campaign to keep the NHS public.

    Khalid Abdallah, an actor and protester for Palestinian rights from London who appears in the campaign, said: “I think a lot of people don’t realise that the crackdown on protest isn’t just about tougher laws on disruptive civil disobedience, it’s about creating a climate of intimidation. The right to speak out against the actions of the government is an important test of whether you live in a free, democratic country. I have lived in countries where rights we hold dear in Britain do not exist, and my family has paid the price for speaking out. So I did not expect Britain to be the country where I would first be investigated by police for my participation at a public protest. For six months I lived under the threat of being charged, until it was confirmed the police would not take further action. Clearly, these statistics show I’m not an isolated case.”

    Ocean Outdoor / elvis

    Researchers at Greenpeace asked the Metropolitan Police to provide data on arrests and charges for public nuisance offences between 2012 and March 2025. They found there had been 67 arrests and 8 charges for conspiring to cause a public nuisance between 2012 and the end of 2018, compared with 638 arrests and 18 charges since 2019, equating to an almost tenfold increase in arrests. The rate of arrests resulting in charges also dropped from around 12% to below 3%. 

    The sharp increase in 2019 happened around the same time that Extinction Rebellion and Fridays for Future brought thousands of people onto the streets of London to protest against the lack of action to tackle climate change. Since then, successive governments have passed additional anti-protest laws giving police officers a wider range of offences to choose from, many carrying lengthy custodial sentences, resulting in hundreds of protesters being arrested and some being handed record prison sentences of up to five years.

    Greenpeace and the other groups are calling on the Home Secretary to restore people’s right to make their voices heard on issues they care about by reversing anti-protest measures in two key pieces of legislation passed since 2022. They are also asking ministers to strike out protest clauses in the Crime and Policing Bill currently making its way through parliament.

    ENDS

    Contact

    Greenpeace UK Press Office – press.uk@greenpeace.org or 020 7865 8255

    Notes to editors

    Download images of the activists here: https://media.greenpeace.org/Detail/27MZIFJR3CJNV 

    Further stills and video footage from the campaign will become available from the link above from the first of July onwards. 

    Total arrests and charges made by the Metropolitan Police for conspiracy to cause public nuisance, 2012-2025:

    Arrests Charges Charges as % of arrests
    2012 34 2 5.9%
    2013 0 0 n/a
    2014 0 0 n/a
    2015 11 4 36.4%
    2016 19 2 10.5%
    2017 1 0 0.0%
    2018 2 0 0.0%
    Total 1 Jan 2012-31 Dec 2018 67 8 11.9%
    2019 205 6 2.9%
    2020 46 0 0.0%
    2021 272 0 0.0%
    2022 55 12 21.8%
    2023 27 0 0.0%
    2024 33 0 0.0%
    2025(1 Jan – 21 Mar) 0 0 n/a
    Total 1 Jan 2019-21 Mar 2025 638 18 2.8%

    The full dataset on arrests and charges is available here

    “Conspiracy to commit public nuisance is a serious offence under UK law that involves a group of people agreeing to cause harm, disruption, or obstruction to the public. Whether it’s blocking roads, interfering with emergency services, or creating safety risks, this offence can lead to severe legal consequences, even if the nuisance doesn’t actually happen.” https://www.moeenco.com/conspiracy-to-commit-public-nuisance

    The campaign

    The six protestors featured in the advertising campaign are:

    • Khalid Abdallah, an actor and protester for Palestinian rights from London 
    • Dr Helen Salisbury, GP and protestor for Keep Our NHS Public from Oxfordshire
    • Andy Greene, a disability rights activist with Disabled People Against the Cuts from London
    • Andrew McParland, climate activist and Greenpeace UK board member from Birmingham
    • Jen Reid, author of ‘A Hero Like Me’ and Black Lives Matter activist from Bristol
    • Sahanika Ratnayake, an academic who protests on environmental issues from Manchester

    The advertising campaign was awarded the Gold prize in the non-profit category of Ocean Outdoor’s annual Digital Creative Competition which seeks bold, original work that pushes the boundaries of ‘Digital Out of Home’ advertising. It launches on 3rd July across Ocean’s city centre Loop networks in Birmingham and Manchester, and in a high footfall area of Westfield Stratford City in London on billboards in close proximity to each other to replicate a real protest. The campaign was created and shot by elvis.

    About elvis

    elvis is an award-winning B-Corp certified creative agency that works with some of the world’s most ambitious brands. The agency’s mission is to use unexpected & unforgettable creativity to help people and brands grow in a better way. Not only is this based on the fundamental role that impact and salience play in the most powerful creative work, but also reflects the agency’s B Corp status. elvis won the non-profit category in the 2024 Ocean Outdoor Competition with their ‘Can’t arrest this billboard’ idea, in partnership with Greenpeace. elvislondon.com 

    About Ocean Outdoor

    A partner company of Atairos, the independent strategic investment company, Ocean Outdoor is the leading operator of Digital Out of Home (DOOH) advertising across the UK and Europe. The Group’s network of 4,000+ screens covers seven countries, with its technological capabilities delivering impactful and measurable DOOH brand and advertising experiences. Ocean’s portfolio covers iconic locations including the Piccadilly Lights and the BFI IMAX, and the company works closely with high-profile landlords, as well as major city councils, on the development of its network. Since 2018, Ocean has expanded into the Netherlands and the Nordics. Ocean Germany launched in 2024.

    The campaign organisations

    Liberty challenges injustice, defends freedom and campaigns for everyone in the UK to be treated fairly, with dignity and respect. Since 1934 we’ve inspired and empowered people to defend their rights, and the rights of their family, friends and communities. Join us. Stand up to power.   

    Amnesty International is the world’s largest human rights organisation with over 10 million supporters, working to protect people wherever justice, freedom, truth and dignity are denied. Amnesty International is a recipient of the Nobel Peace Prize.

    Friends of the Earth England, Wales and Northern Ireland (EWNI) is the UK’s largest grassroots network. We’re part of a global environmental justice community dedicated to the protection of the natural world and the wellbeing of everyone in it. We bring together more than two million people in 70 countries, combining people power all over the world to transform local actions into global impact. 

    Greenpeace is a movement of people who are passionate about defending the natural world from destruction. Our vision is a greener, healthier and more peaceful planet, one that can sustain life for generations to come. 

    MIL OSI NGO

  • MIL-OSI Africa: International Monetary Fund (IMF) Executive Board Completes the First Review under the Extended Credit Facility Arrangement for the Democratic Republic of the Congo

    Source: APO – Report:

    .

    • The IMF Executive Board has completed the first review under the Extended Credit Facility arrangement for the Democratic Republic of the Congo. The decision allows for an immediate disbursement of US$ 261.9 million towards international reserves, to continue building buffers.
    • The DRC’s economy has been resilient in a challenging environment amid the escalation of the armed conflict in the eastern part of the country, which placed significant strains on the budget. The authorities have made good progress on the structural reform’s agenda, but a few quantitative targets were missed.
    • The recent peace agreement signed between the governments of the DRC and Rwanda, mediated by the United States, is encouraging for the prospect of a peaceful resolution of the conflict and renewed focus on development goals.

    The Executive Board of the International Monetary Fund (IMF) completed the first review under the Extended Credit Facility (ECF) Arrangement for the Democratic Republic of the Congo (DRC) approved on January 15, 2025 (see PR 25/003). The completion of the first review allowed an immediate disbursement equivalent to 190.4 million SDR (about US$ 261.9 million) to support balance-of-payment needs, bringing the aggregate disbursement to date to 380.5 million SDR (about 523.4 US$ million).  

    The DRC has been facing significant challenges amid the intensification of the armed conflict in its eastern part since end-2024. The escalation of hostilities has claimed thousands of lives and caused severe social and humanitarian damages, including disruptions in access to essential services such as food, water, and electricity. Diplomatic efforts are ongoing to secure a cessation of hostilities and ensure sustainable peace in the region. The signing on June 27, 2025, of a peace agreement between the governments of the DRC and Rwanda, under the mediation of the United States, is encouraging for the prospect of a peaceful resolution on the ongoing conflict and renewed focus on addressing development goals.

    Despite the challenging environment, economic activity remained resilient, with robust GDP growth of 6.5 percent in 2024, driven by continued dynamism in the extractive sector.  External stability has strengthened, as the current account deficit narrowed and the accumulation of international reserves continued. Inflationary pressures continue to ease, and year-on-year inflation declined from 23.8 percent at end-2023 to 11.7 percent at end-2024 and [8.5] percent at end-June 2025.

    Performance under the program was mixed, as the intensification of the conflict has placed significant strains on the budget. Despite strong revenue collection, the domestic fiscal deficit reached 0.8 percent of GDP in 2024, exceeding the program target of 0.3 percent, owing to spending overruns linked to the escalation of the conflict, including on exceptional security spending and public investments. The program target on the Central Bank of the Congo (BCC)’s foreign exchange assets held with domestic correspondents was missed as well, due to higher-than-expected tax payments in foreign currency on government accounts. Other quantitative performance criteria of the ECF were met. Most indicative targets were also met, except those related to the floor on social spending and the ceiling on spending executed through emergency procedures—owing to elevated exceptional security spending linked to the conflict intensification. Appropriate corrective measures are being implemented by the authorities.

    In completing the first review, the Executive Board also approved the authorities’ request for waivers of nonobservance of the performance criteria on the floor on the domestic fiscal balance at end-December 2024 on the basis of corrective actions, and the continuous ceiling on the levels of foreign currency assets of the BCC held with domestic correspondents on the basis of the temporary nature of the deviation which has since been remedied. Further, the Executive Board completed the financing assurances review under the ECF arrangement. No reform measures under the Resilience and Sustainability Facility (RSF) arrangement, approved in January 2025, were due for review at this time.

    At the conclusion of the Executive Board’s discussion, Mr. Okamura, Deputy Managing Director and Chair stated:

    “The Democratic Republic of the Congo (DRC) has been confronted with heightened security challenges since late 2024. The escalation of the conflict in the eastern part of the country has caused serious human, social and economic damage and induced the government to increase spending. Despite these difficulties, the macroeconomic environment of the DRC remained broadly stable. Growth has remained robust, due to the resilience of mining production. Inflation continues to decrease, and the external position has strengthened. The economic outlook remains positive, but is fraught with downside risks related to the persistence of the conflict, declining external humanitarian assistance, global economic headwinds, and potential escalation of geopolitical conflicts. The authorities are committed to closely monitor these risks and to respond proactively to evolving challenges.

    “Budget implementation remains challenging in a difficult security context. As a result, the domestic fiscal deficit is projected to be larger than initially projected for 2025, but is expected to return to the path envisaged at program approval starting in 2026, reflecting the authorities’ commitment to carry out measures to enhance domestic revenue mobilization and strengthen the budget implementation process. Additionally, to guard against unforeseen adverse shocks, the authorities have adopted a contingency plan.

    “The Central Bank of the Congo (BCC) has maintained a tight monetary policy stance, thereby helping bring inflation down to single digits for the first time in three years. The accumulation of international reserves has continued, on the back of the narrowing of the current account deficit. Efforts must continue, to strengthen the monetary policy implementation framework, refine the foreign exchange intervention strategy, enhance the governance and safeguards of the BCC and ensure its adequate recapitalization.

    “The authorities have committed to accompany these efforts to preserve macroeconomic stability with an acceleration of structural reforms in key areas, including strengthening the AML/CFT framework, improving the business climate, enhancing transparency and governance, combating corruption and upgrading national statistics. Efforts to lay the groundwork for a timely implementation of the reform measures underpinning the RSF arrangement approved in January should be stepped up.”

    Table 1. Democratic Republic of the Congo: Selected Economic and Financial Indicators, 2023-26

    2023

    2024

    2025

    2026

    Est.

    CR No. 25/023

    Prel.

    CR No. 25/023

    Proj.

    CR No. 25/023

    Proj.

    (Annual percentage change, unless otherwise indicated)

    GDP and prices

      Real GDP

    8.5

    6.0

    6.5

    5.4

    5.3

    5.1

    5.3

         Extractive GDP

    19.7

    11.6

    12.2

    7.7

    8.2

    5.2

    5.8

         Non-extractive GDP

    3.5

    3.2

    3.5

    4.2

    3.6

    5.0

    5.0

      GDP deflator

    14.4

    17.4

    19.9

    8.8

    8.2

    7.4

    6.7

      Consumer prices, period average

    19.9

    17.7

    17.7

    8.9

    8.8

    7.3

    7.1

      Consumer prices, end of period

    23.8

    12.0

    11.7

    7.8

    7.8

    7.0

    7.0

    (Annual change in percent of beginning-of-period broad money)

    Money and credit

      Net foreign assets

    19.9

    17.4

    23.0

    18.2

    14.5

    23.7

    22.7

      Net domestic assets

    20.3

    4.9

    5.6

    -3.5

    -1.0

    -10.9

    -10.5

         Domestic credit

    34.3

    15.4

    15.2

    9.9

    10.5

    3.7

    4.2

      Broad money

    40.3

    22.4

    28.1

    14.7

    13.8

    12.8

    12.3

    (Percent of GDP, unless otherwise indicated)

    Central government finance

      Revenue and grants

    14.8

    15.6

    15.2

    15.0

    14.8

    14.9

    14.9

      Expenditures

    16.5

    16.8

    16.5

    16.8

    17.0

    16.6

    16.6

      Domestic fiscal balance

    -1.2

    -0.3

    -0.8

    -0.8

    -1.2

    -0.8

    -0.8

    Investment and saving

      Gross national saving

    9.5

    9.1

    9.6

    12.2

    11.2

    13.0

    12.5

      Investment

    15.7

    14.2

    13.5

    15.0

    14.4

    15.3

    14.8

         Non-government

    12.0

    10.0

    10.0

    10.0

    10.0

    10.0

    10.0

    Balance of payments

      Exports of goods and services

    44.0

             45.1

    47.4

    45.4

    46.1

    45.5

    46.6

      Imports of goods and services

    49.9

    48.9

    50.3

    47.3

    47.5

    46.9

    47.0

      Current account balance, incl. transfer

    -6.2

    -5.1

    -3.9

    -2.8

    -3.2

    -2.4

    -2.4

      Current account balance, excl. transfers

    -7.5

    -5.1

    -5.0

    -2.7

    -3.4

    -2.3

    -2.6

      Gross official reserves (weeks of imports)

    8.2

    10.0

    10.1

    11.5

    11.8

    12.7

    12.8

    External debt

      Debt service in percent of government revenue

    7.6

    5.7

    6.1

    6.7

    7.1

    7.0

    7.4

    – on behalf of International Monetary Fund (IMF).

    MIL OSI Africa

  • MIL-OSI: BloFin WOW (War of Whales) 2025 Grand Prix Opens Registration for $4.2M Trading Championship and Tesla Cybertruck Prize

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, Virgin Islands, July 03, 2025 (GLOBE NEWSWIRE) — BloFin, a leading global cryptocurrency exchange, has officially launched registration for its blockbuster trading competition: the WOW(War of Whales) 2025 Grand Prix.

    With an extraordinary total prize pool of up to $4,200,000 USDT, exclusive giveaways including a Tesla Cybertruck, and four exciting competition formats, WOW 2025 is set to become one of the most dynamic trading events of the year for crypto traders worldwide.

    Four Thrilling Competition Formats, One Epic Trading Season

    This year’s WOW Grand Prix offers participants four engaging ways to compete and win big:

    • Trading Competition (Futures)
    • Treasure Box Prize Hunt
    • Lucky Spin Draw
    • Grand Lotto Giveaway

    From June 26 to July 15, traders can join team battles, climb individual leaderboards, unlock random rewards, and spin their way toward exclusive prizes — creating a truly immersive trading experience.

    A Record-Breaking $4.2 Million Prize Pool

    The WOW 2025 prize pool scales with total trading volume milestones, starting at $35,000 USDT and expanding to a massive $4,200,000 USDT. The more participants trade, the larger the total prize pool becomes for the community.

    Prize Distribution Highlights:

    • Team Competition (by Trading Volume): 40%
    • Team Competition (by PNL %): 20%
    • Individual Competition (by Trading Volume): 25%
    • Individual Competition (by PNL %): 15%

    Additional top-tier rewards include:

    • A Tesla Cybertruck for the top-performing team
    • Luxury giveaways for individual champions

    As part of this year’s event, BloFin is also unveiling the exclusive WOW (War of Whales) 2025 PNL Card — a distinctive digital emblem crafted for elite competitors. Inspired by the cyber-themed aesthetic of the WOW Grand Prix, this limited-edition PNL Card serves as a personalized record of each trader’s performance throughout the competition. Participants can proudly display their achievements, track their battle stats, and share their milestones within the crypto trading community. 

    Registration Now Open

    Registration runs from June 20 to July 15, 2025 (UTC). Team leaders can create squads and users are encouraged to join early to maximize their competitive edge.

    About BloFin

    BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, Coin-Margined Perpetual Contracts, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.

    Contact:
    Annio W.
    annio@blofin.io

    Disclaimer: This content is provided by BloFin. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6f1d3df0-c999-4383-b253-adc3b41cd53c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6721db42-3c91-41ce-aaa1-7437441eff8b

    The MIL Network

  • MIL-OSI Asia-Pac: Land Registry releases statistics for June

    Source: Hong Kong Government special administrative region

    Land Registry releases statistics for June 
    Land registration    
    ——————-
    *   The number of sale and purchase agreements for all building units received for registration in June was 7 271 (+12.9 per cent compared with May 2025 and +38.6 per cent compared with June 2024)
     
    *   The 12-month moving average for June was 5 812 (3.0 per cent above the 12-month moving average for May 2025 and 19.6 per cent above that for June 2024)
     
    *   The total consideration for sale and purchase agreements of building units in June was $66.4 billion (+33.2 per cent compared with May 2025 and +61.6 per cent compared with June 2024)
     
    *   Among the sale and purchase agreements, 5 955 were for residential units (+16.7 per cent compared with May 2025 and +54.4 per cent compared with June 2024)
     
    *   The total consideration for sale and purchase agreements in respect of residential units was $61.1 billion (+59.7 per cent compared with May 2025 and +77.0 per cent compared with June 2024)
     
    Statistics on sales of residential units do not include sale and purchase agreements relating to sales of units under the Home Ownership Scheme, the Private Sector Participation Scheme, the Tenants Purchase Scheme, etc, unless the premium of the unit concerned has been paid after the sale restriction period.
     
    Figures on sale and purchase agreements received for the past 12 months, the year-on-year rate of change and breakdown figures on residential sales have also been released.
     
    As deeds may not be lodged with the Land Registry until up to 30 days after the transaction, these statistics generally relate to land transactions in the previous month.
     
    Land search
    ————-
    *   The number of searches of land registers made by the public in June was 409 789 (+1.5 per cent compared with May 2025 and +14.8 per cent compared with June 2024)
     
    The statistics cover searches made at the counter, through the self-service terminals and via the Integrated Registration Information System Online Services.
    Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI China: 2025 BRICS Seminar on Governance and Cultural Exchanges Forum held in Rio de Janeiro

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

    The 2025 BRICS Seminar on Governance and Cultural Exchanges Forum was held on Monday in Rio de Janeiro, bringing together experts to discuss how the bloc can promote stability in an era of global transformation.

    Yu Yunquan, president of the Academy of Contemporary China and World Studies (ACCWS), and Cimar Azeredo Pereira, special advisor to the Brazilian Institute of Geography and Statistics (IBGE), delivered keynote speeches at the event.

    Yu Yunquan, president of the ACCWS, delivers a keynote speech at the 2025 BRICS Seminar on Governance and Cultural Exchanges Forum in Rio de Janeiro, June 30, 2025. [Photo provided to China.org.cn]

    Yu emphasized that in an era where certainty and stability are becoming increasingly scarce global resources, it is imperative to further strengthen Greater BRICS cooperation to promote an equitable and orderly multipolar world and foster inclusive economic globalization, thereby maintaining a stable development environment. 

    He also stressed the need to enhance exchanges of governance experiences and knowledge-sharing to explore independent development paths, actively participate in setting global governance agendas to steer orderly development processes, and deepen cross-cultural dialogues to cultivate an inclusive atmosphere for development.

    Cimar Azeredo Pereira, special advisor to the IBGE, delivers a keynote speech at the 2025 BRICS Seminar on Governance and Cultural Exchanges Forum in Rio de Janeiro, June 30, 2025. [Photo provided to China.org.cn]

    Azeredo Pereira emphasized that statistical cooperation among BRICS countries plays a pivotal role in enhancing mutual understanding and trust among member states. By adopting collaborative and innovative approaches to address emerging statistical challenges in the digital era, such cooperation proves fundamental in advancing sustainable development and economic integration within the BRICS framework.

    Participating delegates unanimously recognized China’s significant contributions to global development and governance, particularly its leadership in fostering BRICS and Global South collaboration. China’s global initiatives were widely recognized as providing crucial platforms for fostering shared progress in development, security and cultural exchange.

    The main forum was chaired by Xin Feng, director of the Comprehensive Business Department of China International Communications Group (CICG). Sun Jingxin, vice president of the ACCWS, presented two research reports on behalf of the project team: “Greater BRICS Cooperation: A Pillar of Stability and Progress in a Changing World” and “Global Survey: BRICS Cooperation in the New Era of Global Development 2025.”

    The forum was organized jointly by the Publicity Department of the CPC Central Committee, China International Communications Group, and the Brazilian Institute of Geography and Statistics.

    MIL OSI China News

  • MIL-Evening Report: The takeaway from the Venice Biennale saga: the art world faces deep and troubling structural inequality

    Source: The Conversation (Au and NZ) – By Grace McQuilten, Professor of Art and Associate Dean, Research and Innovation, School of Art, RMIT University

    Creative Australia’s decision earlier this year to rescind the selection of artist Khaled Sabsabi and curator Michael Dagostino as Australia’s 2026 representatives at the Venice Biennale sent shockwaves through the arts sector.

    For many artists and arts workers, it reinforced concerns around participation and access for those from culturally and racially diverse backgrounds.

    This week’s reinstatement of the artistic team offers some comfort. However, the entire incident has reinforced that, while diversity in the arts is celebrated, inclusion at the highest level can’t be taken for granted.

    Some worrying stats

    Our 2024 survey of more than 900 visual and craft artists, and visual arts workers (who we define as workers who support the visual arts sector), revealed several concerning findings in relation to opportunity and inclusion for culturally and racially diverse creatives.

    The first key finding was more than 67% of artists and 78% of arts workers felt there were cultural and/or access-related barriers to them participating in the sector.

    The second was culturally diverse workers in the sector tended to identify as “early career” rather than “established”. This points to challenges for career progression and, in turn, to systemic and structural barriers to career development.

    Of all the people we surveyed, 17% of visual artists and 20% of visual arts workers reported being of a culturally diverse background. Of these, only 15% of artists and 14% of arts workers reported being at an “established” career stage.

    By contrast, among the general population of artists (including those without a diverse background), 30% of the artists reported being “established” in their careers, along with 26% of arts workers.

    Art shouldn’t be at the behest of politics

    Issues around political censorship and cultural bias in the sector were not a focus of our survey, which was conducted nine months after the war in Gaza began, and before Creative Australia’s selection (and swift cancellation) of the 2026 Venice Biennale team.

    Nonetheless, respondents were concerned their political views, and/or their cultural or racial background, could impact their likelihood of advancing a career in the sector.

    Some respondents explained if they were no longer working as an artist or arts worker in five years’ time, it would most likely be due to “systemic discrimination” and “increasing censorship prevalent in this industry”.

    According to an independent review into the Sabsabi decision (and its reversal):

    While no formal assessment was undertaken, it is clear that there was a general awareness within Creative Australia, among those with knowledge of the selected Artistic Team, that the decision had the potential to be controversial. The Panel heard that, at the time, the decision was described as ‘bold’ or ‘courageous’. The source of potential controversy was seen to lie in the fact of selecting any artist with heritage connected to the Middle East at a time when conflict in that region was so emotive and polarising, rather than because of the proposed nature of the work to be undertaken at the 2026 Venice Biennale.

    Entrenched harmful biases

    Sadly, the negative response from politicians to the initial selection of Khaled Sabsabi and Michael Dagostino gave credibility to our respondents’ concerns.

    One participant told us “being called Ahmed* is a bit of a disadvantage given the international situation”.

    Another said “only certain cultures and political plights are given support”.

    Financial security is also potentially at risk. As one respondent explained, the main barrier to their personal financial security were political values. “My work is at risk when governments change,” they said.

    Artists and arts workers from culturally and racially diverse backgrounds also reported more significant impacts from the cost-of-living crisis, along with poorer mental health and work-life balance.

    Importantly, our findings don’t stand in isolation. Similar issues have been identified by Diversity Arts Australia, who in 2022 reported on the significant negative impacts of the pandemic on First Nations artists and artists of colour.

    Also, in 2021, Creative Australia reported on problems around inclusion and access for culturally diverse communities in the arts and cultural sector.

    What might progress look like?

    Our research involved making a number of policy recommendations to tackle these issues.

    For one thing, there is a clear need for organisational change. On this front, arts organisations and employers should invest in cultural competency training for all staff and board members. They should also prioritise professional development and career growth for culturally and racially diverse staff.

    To drive meaningful change, funding incentives should be introduced to support diverse leadership. This should include higher pay for culturally and/or racially diverse leaders whose backgrounds lead them to having added responsibility in the workplace.

    The sector also needs greater transparency around cultural and racial representation in staffing and leadership roles, including board roles. This will promote accountability and help drive cultural change.

    Finally, success for artists from culturally and linguistically diverse backgrounds requires the Australian art world to engage with multiple world views – and understand not all art will be immediately accessible to all audiences.

    The controversy surrounding Creative Australia’s biennale backflip offers an opportunity for the visual arts sector to reckon with deep and troubling issues of structural inequity, along with broader questions of free expression – especially in a fraught political climate.

    These issues are wider than the art world. But what better place to start?


    *Name changed to protect identity.

    Grace McQuilten received funding from the Australian Research Council’s Linkage Projects funding scheme (project LP200100054). The views expressed herein are those of the authors and are not necessarily those of the Australian government or Australian Research Council.

    Kate MacNeill received funding from the Australian Research Council’s Linkage Projects funding scheme (project LP200100054). The views expressed herein are those of the authors and are not necessarily those of the Australian government or Australian Research Council.

    ref. The takeaway from the Venice Biennale saga: the art world faces deep and troubling structural inequality – https://theconversation.com/the-takeaway-from-the-venice-biennale-saga-the-art-world-faces-deep-and-troubling-structural-inequality-260316

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Rates for financial year ending 30 June 2025

    Source: New places to play in Gungahlin

    Foreign currency exchange rates for financial year 2025 – foreign currency equivalent to 1 AUD.

    Country

    Average rate for year ended 31 Dec 2024

    Average rate for year ended 30 Jun 2025

    Nearest actual exchange rate 31 Dec 2024

    Nearest actual exchange rate 30 Jun 2025

    Currency

    Canada

    0.9041

    0.9039

    0.8922

    0.8947

    Canadian dollar

    China

    4.7516

    4.6760

    4.5373

    4.6921

    Renminbi

    Europe

    0.6101

    0.5963

    0.5974

    0.5586

    Euro

    Hong Kong

    5.1522

    5.0497

    4.8261

    5.1416

    Hong Kong dollar

    India

    55.2412

    55.1294

    53.2100

    55.9900

    Indian Rupee

    Indonesia

    10462.9127

    10431.5777

    10031.0000

    10629.0000

    Rupiah

    Japan

    99.9712

    97.0162

    97.1400

    94.2600

    Yen

    Malaysia

    3.0207

    2.8547

    2.7787

    2.7602

    Malaysian ringgit

    Taiwan

    21.2001

    20.7936

    20.4000

    19.0700

    New Taiwan dollar

    New Zealand

    1.0907

    1.0966

    1.1045

    1.0768

    New Zealand dollar

    Philippines

    37.8282

    37.2010

    35.9600

    36.8800

    Peso

    Singapore

    0.8821

    0.8589

    0.8456

    0.8341

    Singapore dollar

    South Korea

    900.0732

    907.1583

    915.1100

    883.8900

    South Korean won

    Switzerland*

    n/a

    n/a

    n/a

    0.5228

    Swiss franc

    Thailand

    23.2963

    22.0392

    21.2000

    21.2900

    Baht

    UK

    0.5165

    0.5011

    0.4956

    0.4771

    Pound sterling

    USA

    0.6603

    0.6482

    0.6217

    0.6550

    US dollar

    Vietnam

    16543.5397

    16472.7171

    15855.0000

    17087.0000

    Dong

    Notes:

    From 1 January 2020, we have used the exchange rates from the Reserve Bank of AustraliaOpens in a new window. In previous years we have used exchange rates sourced from the Commonwealth Bank of AustraliaOpens in a new window.

    The Reserve Bank of Australia and the Commonwealth Bank publish rates for different countries.

    If we do not publish a rate for the country or year you need, you can use an appropriate exchange rate provided by:

    • a banking institution operating in Australia including, where relevant, the banking institution through which your foreign income is received
    • another reliable external source.

    Keep the rate used and the source of rates with your records. Be mindful that you cannot obtain an average rate (or rates) of exchange from an associate, or from yourself, unless otherwise notified by us.

    * The Reserve Bank of Australia has recommenced reporting on the Swiss franc after a period of absence, part way through the financial year 2024–25. For this reason, the average rates for the financial years 2023–24 and 2024–25 are not available for this currency.

    MIL OSI News

  • MIL-OSI China: Consumption set to continue robust growth

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

    chinadaily.com.cn | July 3, 2025

    Bolstered by sustained policy support for trade-in programs, China’s consumption is likely to continue its robust growth momentum in the second half of the year, better underpinning the country’s stable economic growth amid mounting external uncertainties, analysts said.

    China still has ample fiscal headroom to reinforce its trade-in initiative later this year should consumer demand exhaust its initial 300 billion yuan ($42 billion) allocation, they said, emphasizing that similar policy incentives could be extended to the service sector to foster more sustainable consumption growth.

    On Tuesday, the Ministry of Finance announced the issuance of 11 ultra-long-term treasury bonds in the third quarter, with four of them seeing their timelines accelerated compared with the previous plan released in April. This will help maintain a continuous flow of funding to support policies meant to boost consumption, analysts said.

    According to the National Development and Reform Commission, China’s top economic regulator, the third group of fiscal funding through ultra-long-term treasury bonds for the consumer goods trade-in program is scheduled to be allocated in July.

    The central government has earmarked 300 billion yuan in ultra-long-term treasury bonds to support the trade-in program for the whole year. The first two groups of fiscal funding, totaling 162 billion yuan, were allocated in January and April.

    “If the remaining 138 billion yuan runs out ahead of schedule, the possibility of unveiling additional funding this year cannot be ruled out,” said Zhao Wei, chief economist at Shenwan Hongyuan Securities.

    “As the trade war initiated by the United States still weighs on China’s economy, efforts to shore up domestic demand will be of paramount importance to mitigate external shocks and maintain steady growth,” he said.

    By avoiding a one-time, large-scale fund injection that could disrupt market dynamics, the phased allocation of the fiscal funds helps create a stable and supportive environment for the consumption recovery to take hold throughout the year, Zhao added.

    In late June, the People’s Bank of China, the country’s central bank, also pledged to leverage various tools in support of the trade-in programs, such as increasing credit support for recycling companies and home renovation suppliers and fast-track financing for manufacturers of energy-efficient smart home products.

    “Boosted by the trade-in programs, sales of household appliances, furniture and communication devices have registered rapid growth. Sales related to trade-ins have surpassed 1.4 trillion yuan so far this year,” said Li Chao, a spokeswoman for the National Development and Reform Commission, when addressing a news conference on June 26.

    According to data from the National Bureau of Statistics, China’s consumer spending in May posted its strongest monthly growth since 2024, with retail sales of consumer goods expanding 6.4 percent year-on-year in May, a 1.3 percentage point increase from April.

    Experts cautioned that although the trade-in policies have been effective in driving sales of consumers goods, they also carry the risk of front-loading consumer demand, which could create challenges down the line.

    “Providing similar consumption incentives to promote service sector spending could become a key policy lever going forward,” said Jiang Zhao, an associate researcher at the Chinese Academy of International Trade and Economic Cooperation.

    Jiang noted that development patterns in advanced economies indicate that upon entering high-income status, nations typically experience a gradual rise in the proportion of service consumption. As China approaches this threshold, its consumption structure is transitioning from being focused on goods to being focused on both goods and services, he said.

    Nevertheless, service consumption spans diverse sectors such as elderly care, tourism, fitness and healthcare, implying that subsidy programs would demand substantial fiscal funding and pose significant oversight challenges, Jiang said, adding that any decision to implement such incentives would require prudent assessment based on practical conditions.

    MIL OSI China News

  • MIL-OSI New Zealand: Environment – “A Dirty Deal for Dirty Water” – Government’s $56m irrigation subsidy blasted by Greenpeace

    Source: Greenpeace

    Greenpeace strongly condemns the announcement today of a $56 million government subsidy for additional irrigation infrastructure in rural Canterbury, saying that this will result in increased water pollution and the destruction of fragile freshwater ecosystems.
    The Government has announced a $56 million dollar subsidy through the Regional Investment Fund for three water storage projects in the Canterbury region – the Opuha Dam and Irrigation Scheme, the Balmoral Water Storage Facility (Amuri), and the Waimakariri Irrigation Scheme.
    Greenpeace spokesperson Will Appelbe says, “It is deeply irresponsible to use public money to fund the expansion of these irrigation schemes, which will lead to more intensive dairy, more cows, and more pollution. This is a dirty deal for dirty water.”
    “Shane Jones needs to go down and front up to rural communities in Canterbury whose drinking water is already so contaminated with nitrates they can’t safely drink it and explain why he is funding irrigation for dirty dairying that will contaminate their water more.
    “Everyone should be able to safely drink the water coming out of their kitchen tap, but right now, some rural communities are facing the reality that they cannot do so, because their drinking water is contaminated with unsafe levels of nitrate.”
    “The source of nitrate contamination in drinking water is effluent runoff and nitrate leaching from the intensive dairy industry,” says Appelbe.
    “Subsidising new irrigation infrastructure, which will lead to more intensive dairying and therefore more contamination of groundwater and drinking water, shows that this Government has a total disregard for the health of rural communities who cannot drink the water coming out of their kitchen tap.”
    Appelbe says this comes off the back of the announcement of a wave of regulation changes that Greenpeace has labelled the Government’s ‘Freshwater Pollution Plan’.
    “This Government is seeking to strip back freshwater protections across the board – despite the fact that New Zealanders across the entire political spectrum want to see more protection for freshwater, not less.”
    “The Government must end all subsidies for irrigation infrastructure immediately, and ensure freshwater pollution from the intensive dairy industry is stopped at the source.”

    MIL OSI New Zealand News

  • MIL-OSI Russia: IMF Executive Board Completes the First Review under the Extended Credit Facility Arrangement for the Democratic Republic of the Congo

    Source: IMF – News in Russian

    July 2, 2025

    • The IMF Executive Board has completed the first review under the Extended Credit Facility arrangement for the Democratic Republic of the Congo. The decision allows for an immediate disbursement of US$ 261.9 million towards international reserves, to continue building buffers.
    • The DRC’s economy has been resilient in a challenging environment amid the escalation of the armed conflict in the eastern part of the country, which placed significant strains on the budget. The authorities have made good progress on the structural reform’s agenda, but a few quantitative targets were missed.
    • The recent peace agreement signed between the governments of the DRC and Rwanda, mediated by the United States, is encouraging for the prospect of a peaceful resolution of the conflict and renewed focus on development goals.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the first review under the Extended Credit Facility (ECF) Arrangement for the Democratic Republic of the Congo (DRC) approved on January 15, 2025 (see PR 25/003). The completion of the first review allowed an immediate disbursement equivalent to 190.4 million SDR (about US$ 261.9 million) to support balance-of-payment needs, bringing the aggregate disbursement to date to 380.5 million SDR (about 523.4 US$ million).  

    The DRC has been facing significant challenges amid the intensification of the armed conflict in its eastern part since end-2024. The escalation of hostilities has claimed thousands of lives and caused severe social and humanitarian damages, including disruptions in access to essential services such as food, water, and electricity. Diplomatic efforts are ongoing to secure a cessation of hostilities and ensure sustainable peace in the region. The signing on June 27, 2025, of a peace agreement between the governments of the DRC and Rwanda, under the mediation of the United States, is encouraging for the prospect of a peaceful resolution on the ongoing conflict and renewed focus on addressing development goals.

    Despite the challenging environment, economic activity remained resilient, with robust GDP growth of 6.5 percent in 2024, driven by continued dynamism in the extractive sector.  External stability has strengthened, as the current account deficit narrowed and the accumulation of international reserves continued. Inflationary pressures continue to ease, and year-on-year inflation declined from 23.8 percent at end-2023 to 11.7 percent at end-2024 and [8.5] percent at end-June 2025.

    Performance under the program was mixed, as the intensification of the conflict has placed significant strains on the budget. Despite strong revenue collection, the domestic fiscal deficit reached 0.8 percent of GDP in 2024, exceeding the program target of 0.3 percent, owing to spending overruns linked to the escalation of the conflict, including on exceptional security spending and public investments. The program target on the Central Bank of the Congo (BCC)’s foreign exchange assets held with domestic correspondents was missed as well, due to higher-than-expected tax payments in foreign currency on government accounts. Other quantitative performance criteria of the ECF were met. Most indicative targets were also met, except those related to the floor on social spending and the ceiling on spending executed through emergency procedures—owing to elevated exceptional security spending linked to the conflict intensification. Appropriate corrective measures are being implemented by the authorities.

    In completing the first review, the Executive Board also approved the authorities’ request for waivers of nonobservance of the performance criteria on the floor on the domestic fiscal balance at end-December 2024 on the basis of corrective actions, and the continuous ceiling on the levels of foreign currency assets of the BCC held with domestic correspondents on the basis of the temporary nature of the deviation which has since been remedied. Further, the Executive Board completed the financing assurances review under the ECF arrangement. No reform measures under the Resilience and Sustainability Facility (RSF) arrangement, approved in January 2025, were due for review at this time.

    At the conclusion of the Executive Board’s discussion, Mr. Okamura, Deputy Managing Director and Chair stated:

    “The Democratic Republic of the Congo (DRC) has been confronted with heightened security challenges since late 2024. The escalation of the conflict in the eastern part of the country has caused serious human, social and economic damage and induced the government to increase spending. Despite these difficulties, the macroeconomic environment of the DRC remained broadly stable. Growth has remained robust, due to the resilience of mining production. Inflation continues to decrease, and the external position has strengthened. The economic outlook remains positive, but is fraught with downside risks related to the persistence of the conflict, declining external humanitarian assistance, global economic headwinds, and potential escalation of geopolitical conflicts. The authorities are committed to closely monitor these risks and to respond proactively to evolving challenges.

    “Budget implementation remains challenging in a difficult security context. As a result, the domestic fiscal deficit is projected to be larger than initially projected for 2025, but is expected to return to the path envisaged at program approval starting in 2026, reflecting the authorities’ commitment to carry out measures to enhance domestic revenue mobilization and strengthen the budget implementation process. Additionally, to guard against unforeseen adverse shocks, the authorities have adopted a contingency plan.

    “The Central Bank of the Congo (BCC) has maintained a tight monetary policy stance, thereby helping bring inflation down to single digits for the first time in three years. The accumulation of international reserves has continued, on the back of the narrowing of the current account deficit. Efforts must continue, to strengthen the monetary policy implementation framework, refine the foreign exchange intervention strategy, enhance the governance and safeguards of the BCC and ensure its adequate recapitalization.

    “The authorities have committed to accompany these efforts to preserve macroeconomic stability with an acceleration of structural reforms in key areas, including strengthening the AML/CFT framework, improving the business climate, enhancing transparency and governance, combating corruption and upgrading national statistics. Efforts to lay the groundwork for a timely implementation of the reform measures underpinning the RSF arrangement approved in January should be stepped up.”

    Table 1. Democratic Republic of the Congo: Selected Economic and Financial Indicators, 2023-26

    2023

    2024

    2025

    2026

    Est.

    CR No. 25/023

    Prel.

    CR No. 25/023

    Proj.

    CR No. 25/023

    Proj.

    (Annual percentage change, unless otherwise indicated)

    GDP and prices

      Real GDP

    8.5

    6.0

    6.5

    5.4

    5.3

    5.1

    5.3

         Extractive GDP

    19.7

    11.6

    12.2

    7.7

    8.2

    5.2

    5.8

         Non-extractive GDP

    3.5

    3.2

    3.5

    4.2

    3.6

    5.0

    5.0

      GDP deflator

    14.4

    17.4

    19.9

    8.8

    8.2

    7.4

    6.7

      Consumer prices, period average

    19.9

    17.7

    17.7

    8.9

    8.8

    7.3

    7.1

      Consumer prices, end of period

    23.8

    12.0

    11.7

    7.8

    7.8

    7.0

    7.0

    (Annual change in percent of beginning-of-period broad money)

    Money and credit

      Net foreign assets

    19.9

    17.4

    23.0

    18.2

    14.5

    23.7

    22.7

      Net domestic assets

    20.3

    4.9

    5.6

    -3.5

    -1.0

    -10.9

    -10.5

         Domestic credit

    34.3

    15.4

    15.2

    9.9

    10.5

    3.7

    4.2

      Broad money

    40.3

    22.4

    28.1

    14.7

    13.8

    12.8

    12.3

    (Percent of GDP, unless otherwise indicated)

    Central government finance

      Revenue and grants

    14.8

    15.6

    15.2

    15.0

    14.8

    14.9

    14.9

      Expenditures

    16.5

    16.8

    16.5

    16.8

    17.0

    16.6

    16.6

      Domestic fiscal balance

    -1.2

    -0.3

    -0.8

    -0.8

    -1.2

    -0.8

    -0.8

     

     

     

     

     

     

     

     

    Investment and saving

     

     

     

     

     

     

     

      Gross national saving

    9.5

    9.1

    9.6

    12.2

    11.2

    13.0

    12.5

      Investment

    15.7

    14.2

    13.5

    15.0

    14.4

    15.3

    14.8

         Non-government

    12.0

    10.0

    10.0

    10.0

    10.0

    10.0

    10.0

     

    Balance of payments

      Exports of goods and services

    44.0

             45.1

    47.4

    45.4

    46.1

    45.5

    46.6

      Imports of goods and services

    49.9

    48.9

    50.3

    47.3

    47.5

    46.9

    47.0

      Current account balance, incl. transfer

    -6.2

    -5.1

    -3.9

    -2.8

    -3.2

    -2.4

    -2.4

      Current account balance, excl. transfers

    -7.5

    -5.1

    -5.0

    -2.7

    -3.4

    -2.3

    -2.6

      Gross official reserves (weeks of imports)

    8.2

    10.0

    10.1

    11.5

    11.8

    12.7

    12.8

     

    External debt

      Debt service in percent of government revenue

    7.6

    5.7

    6.1

    6.7

    7.1

    7.0

    7.4

    Sources: Congolese authorities and IMF staff estimates and projections.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Tatiana Mossot

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

    https://www.imf.org/en/News/Articles/2025/07/02/pr-25238-democratic-republic-of-the-congo-imf-completes-the-1st-rev-under-ecf-arrang

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  • MIL-OSI New Zealand: Household saving decreases in the March 2025 quarter – Stats NZ media and information release: National accounts (income, saving, assets, and liabilities): March 2025 quarter

    Household saving decreases in the March 2025 quarter – media release

    3 July 2025

    New Zealand household saving dropped $392 million to -$1.6 billion in the March 2025 quarter, as household spending increased more than disposable income, according to figures released by Stats NZ today.  

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    New Zealand household net disposable income rose 1.5 percent to $60.6 billion in the March 2025 quarter.

    “The main driver of a rise in net disposable income this quarter was an increase in salaries and wages, up 1.5 percent,” institutional sectors spokesperson Will Bell said. 

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  • MIL-OSI New Zealand: Economic snapshot: March 2025 quarter – Stats NZ media release

    Economic snapshot: March 2025 quarter – media release

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    Our economic snapshot summarises important economic statistics for the March 2025 quarter.

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    • MIL-OSI United Nations: In Dialogue with Latvia, Experts of the Human Rights Committee Welcome Law Granting Latvian Citizenship to Stateless Children, Raise Questions on Hate Crimes and Access to Elections for Minorities and Non-Citizens

      Source: United Nations – Geneva

      The Human Rights Committee today concluded its consideration of the fourth periodic report of Latvia on how it implements the provisions of the International Covenant on Civil and Political Rights.  Committee Experts welcomed the adoption of the 2020 Latvian citizenship law, which granted Latvian citizenship to children who would otherwise be stateless, while raising questions on hate crimes against lesbian, gay, bisexual, transgender and intersex persons and access to elections for minorities and non-citizens.

      One Committee Expert welcomed the adoption of a 2020 law which automatically granted Latvian citizenship to children of non-citizens who were not nationals of another State, and the recent reduction in the number of non-citizens.

      Another Expert commended the State party for the establishment of a special unit to investigate hate crimes, and on changes in the criminal law addressing motivations for such crimes, including sexual orientation and gender identity.  How were these changes publicised?  Incidents of violence against lesbian, gay, bisexual, transgender and intersex persons remained underreported, the Expert noted; how was law enforcement trained to facilitate reporting and to recognise and support victims?

      A Committee Expert said the Pre-Election Campaign Law prohibited pre-election campaign materials in any language other than Latvian, except for European Parliament elections. How did the State party ensure that this prohibition did not unduly restrict accessibility and the participation of minorities in elections? Could the State party explain why non-citizen residents, including long-term residents, were excluded from elections?

      Osams Abu Meri, Minister for Health of the Republic of Latvia, introducing the report, said the fact that Latvia was a neighbouring country of Russia, which had invaded parts of Georgia and launched a full-scale military aggression against Ukraine, must not be overlooked.  According to article 89 of the Constitution, the international human rights obligations binding upon Latvia formed an integral part of the domestic legal system. Domestic courts in Latvia had referred to the general comments and opinions issued by the Committee in numerous cases.

      The delegation said work had been done to raise the awareness of those individuals in charge of prosecuting hate crimes, addressing victims’ rights from a broader, human rights-focused framework.  The Ministry of Justice had also disseminated a circular on the interpretation of existing legal frameworks on hate crime and targeting the members of the lesbian, gay, bisexual, transgender and intersex community.   As this was a very hot topic for Latvian society, the public broadcaster had also addressed the issue.

      The delegation also said that if someone wanted to be elected or vote in Latvia, they needed to obtain citizenship.  A Constitutional Court decision issued at the beginning of the year stated that the contested legal provisions did not impose a complete ban on the use of foreign languages, and only applied to individual campaigning with voters, hence they were in conformity with the Constitution.  The Court decided that restrictions on fundamental rights were proportional.

      In concluding remarks, Mr. Abu Meri expressed gratitude for the open and constructive dialogue.  Latvia’s experience during these challenging times, as its neighbours Russia and Belarus deployed the full arsenal of hybrid warfare, had a broader relevance.  Latvia would not only withstand these threats but remain steadfast in the rule of law, the principles of human rights and a rule-based law and order.

      Changrok Soh, Committee Chairperson, in concluding remarks, expressed gratitude to all who had contributed to the dialogue.  The Committee commended the State party for progress in several areas, including access to justice and gender equality, however remained concerned about the treatment of asylum seekers and non-residents, among other issues.

      The delegation of Latvia was made up of representatives of the Ministry of Health; the Ministry of Welfare; the Ministry of Foreign Affairs; the Ministry of Education and Science; the Ministry of Justice; the Ministry of Culture; the Ministry of the Interior; the Ministry for Culture on Cooperation with Non-governmental Organisations; the Ministry of Defence; the Prosecutor General’s Office; the Office of Citizenship and Migration Affairs; the Internal Security Bureau; the State Police; the State Border Guard; the Cadet Force Centre; and the Permanent Mission of Latvia to the United Nations Office at Geneva.

      The Human Rights Committee’s one hundred and forty-fourth session is being held from 23 June to 17 July 2025.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

      The Committee will next meet in public at 3 p.m., Wednesday 2 July to begin its consideration of the seventh periodic report of Spain (CCPR/C/ESP/7).

      Report 

       

      The Committee has before it the fourth periodic report of Latvia (CCPR/C/LVA/4). 

      Presentation of the Report

      HOSAMS ABU MERI, Minister for Health of the Republic of Latvia, presenting the report, said the situation in Europe had changed significantly since Latvia had last reported to the Committee.  The fact that Latvia was a neighbouring country of Russia which, starting from 2008, had invaded parts of Georgia and acquired military and political control over parts of Ukraine, and on 24 February 2022 launched a full-scale military aggression against Ukraine, must not be overlooked. Because of these events, Latvia increasingly had legitimate reasons to fear for its security, territorial integrity, and democratic order.  These events, along with information and hybrid warfare operations directed against Latvia, had strengthened efforts to defend democracy, national security, and effectively implement the rights and freedoms protected by the Covenant. 

        

      According to Article 89 of the Constitution of Latvia, the international human rights obligations binding upon Latvia formed an integral part of the domestic legal system. To illustrate, domestic courts in Latvia had referred to the General Comments and opinions issued by the Committee in numerous cases.  

        

      The financial resources allocated to domestic courts had steadily and consistently increased.  Moreover, in 2024, the Academy of Justice, a new institution for the professional development of judges, prosecutors, prosecutor assistants, and investigators, was established. The Ombudsperson’s Office of Latvia had consistently received the highest “A” status of accreditation, and continued to operate in accordance with the highest international standards concerning respect for human rights and good governance. In 2022, Latvia ratified the Optional Protocol to the Convention against Torture and other Cruel, Inhuman or Degrading Treatment or Punishment.  The Ombudsperson had been entrusted with the function of the national preventive mechanism, and, as of October 2024, had a new Department on the Prevention of Discrimination.  

        

      Latvia had continued to support the naturalisation of non-citizens; these were not stateless persons, as they enjoyed the right to reside in Latvia, along with a set of rights and obligations that extended beyond those prescribed by the 1954 Convention relating to the Status of Stateless Persons.  In recent years, Latvia had seen a gradual and steady decline in the number of non-citizens residing in the country.  A significant achievement in reducing the number of non-citizens in Latvia was the enactment of the law on the discontinuation of the non-citizen status for children, which had contributed to a substantial decrease in the number of non-citizens among younger age groups. Since 2020, all children born in non-citizen families had been granted citizenship at birth. 

        

      Between 2024 and 2027, Latvia had identified three priority areas for gender equality: increasing equal rights and opportunities in the labour market and education; reducing negative gender stereotypes; and integrating the principle of gender equality into policy planning.

       

      In respect to combating gender-based violence, Latvia had significantly strengthened legal protections, expanded victim support services, and increased awareness-raising campaigns to challenge societal norms that perpetuate violence. Between 2022 and 2024, the authorities, together with non-governmental organisations, held workshops and discussions for young people on how to build non-violent relationships, based on the principle of gender equality.  

        

      In 2024, Latvia took a significant step forward in recognising diverse family forms by introducing civil partnership legislation.  This legal framework allowed both same-sex and opposite-sex couples to register their partnership, granting them a range of rights and protections previously reserved for married couples.  In 2021, the Latvian Parliament enacted amendments to the Criminal Law adding to the list of aggravating circumstances motivation based on “social hatred”, which covered hatred based on sexual orientation.  Additionally, awareness-raising measures were continuously implemented, and investigators, prosecutors, and judges regularly attended trainings on the investigation and prosecution of hate crimes.  

       

      Questions by Committee Experts

       

      A Committee Expert noted the various positive developments linked to civil and political rights, asking for additional information on the legal status of the Committee’s views in the national legal framework.  What steps had Latvia taken to inform the public, including persons who did not read Latvian or English, about their rights under the Covenant and the possibility of submitting cases to the Committee under the Optional Protocol?

      The Committee appreciated the rating of the Ombudsman and the increasing material and financial resources allocated to it, and the Expert asked for information on proposals to amend the Ombudsman’s enabling law.  Regarding the implementation of the Corruption Prevention and Combating Action Plan, what mechanisms were in place to evaluate the effectiveness of anti-corruption measures?  Regarding judicial integrity, were there plans to adopt additional safeguards to prevent undue political influence in the judiciary?

      Another Expert commended the State party for the establishment of a special unit to investigate hate crimes and on changes in the criminal law, adding “social enmity” and “any other characteristic” to cover sexual orientation and gender identity, and asked how these changes were publicised.  Incidents of violence against lesbian, gay, bisexual, transgender and intersex persons remained underreported, the Expert noted; how was law enforcement trained to facilitate reporting and to recognize and support victims? 

      Could the State party be more specific about the risks to national security posed by individuals with ties to the Russian Federation?  How could fluency in the Latvian language prevent such risks?  The Expert also asked for the number of persons deported so far, their background and to which countries they were deported.  Had there been a state of emergency in parts of the country, in particular the Belarussian border from August 2021 to August 2023, and could the delegation confirm that Latvia did not derogate from its obligations under the Covenant during that period? 

      Regarding the equality of women, and efforts towards narrowing the gender pay gap, another Committee Expert asked what measures had been helpful so far, and what additional measures the government intended to introduce to narrow it further?  Could the State party provide statistical data on gender-based violence and femicide from the last three years? What measures was the government preparing to improve prevention of the concerning occurrence of online violence against women, including against women journalists and women in politics and other leadership positions? 

       

      Regarding the right to life, a Committee Expert asked for disaggregated data on the high numbers of deaths in all places of detention, including psychiatric facilities. Was the definition of torture in line with that of international treaties, and what measures were in place to protect persons complaining of torture in places of detention? 

      Responses by the Delegation 

      Responding to the issues raised, the delegation said concerning the status of the Covenant and awareness-raising on submitting complaints, the Constitutional Court of Latvia had explained that the views of the Committee did not have the status of a legally binding instrument.  While the Committee’s decisions did carry the weight of authoritative interpretation, they were not formally binding.  The Committee’s views and opinions were soft-ball instruments, but had been taken into account by the courts over the years.  Regarding awareness-raising on the United Nations human rights treaties, the Ministry of Foreign Affairs had published informative material on its website in various languages, including guidance on submitting complaints to various treaty bodies, and ensuring accessible and transparent information for applicants.  This was how Latvia ensured that society was informed about the Committee and the possibility of submitting complaints.

      On training in the armed forces, the delegation said there were education programs which included human rights.  The Ombudsman was appointed after approval by the Parliament.  This aimed to strengthen human rights protection and ensure public awareness of the position.  This approach aligned with the spirit of the Constitution and existing practice, whilst supporting the principles of democratic governance.  On the Department of Discrimination, there was an Anti-Discrimination Unit, consisting of five people.  There was a separation of the powers in Latvia, the delegation said, and there was currently a discussion on the procedure of nomination of the Ombudsman.  There was no influence by political parties on the Ombudsman, and the election was entirely transparent.

      Regarding anti-corruption measures, the Anti-Corruption Action Plan was in place since 2023, and the main reason for lack of fulfilment of its tasks was the lack of funding.  The effectiveness of the Plan itself was usually measured by assessing the percentage of accomplished tasks, as well as feedback from institutions involved in its implementation.  In 2025, six persons were fined in cases relating to corruption, and 2024 data showed that corruption was effectively investigated and sent to prosecution.  On the independence of investigations conducted by the Internal Security Bureau, pre-trial detentions were supervised by a prosecutor.  In accordance with the law, the Minister of the Interior could only supervise the legality and justification of the Bureau’s decisions, and could revoke them if necessary. On transparency of lobbying, work continued on effective implementation of legislation in this regard, and there was no Transparency Register yet.

      The delegation said work had been done to raise the awareness of those individuals in charge of prosecuting hate crimes, addressing victim’s rights from a broader, human rights-focused framework.  A specific hate speech conference event had been held in October 2024, with twenty-two participants who worked on such violations. A training session was also held for judges, prosecutors and investigators, focusing on a victim-centred approach to the justice system.  For the general public, there were two specific web platforms with information about hate speech, hate crime, and related issues, and these were supported by the Ministries of Culture and Education, and the Ombudsman’s Bureau.  The Ministry of Justice had also disseminated a circular on the interpretation of existing legal frameworks on hate crime and targeting the members of the lesbian, gay, bisexual, transgender and intersex community.   As this was a very hot topic for Latvian society, the public broadcaster had also addressed the issue.  The legal framework, which prescribed criminal liability for social, national and ethnic hatred as an aggravating circumstance was sufficient and proportionate to existing needs.  

      Numbers of hate speech and hate crimes were not so large, usually fewer than 10 criminal cases per year, the delegation said, but this did not reflect the priority of the topic, as the Government was working on the issue.  With regard to ethnic tensions, it was important to look at the information space, and how people used and consumed information inside the country.   According to research and statistics, minorities, as well as the general population, found news and entertainment important, and consumed it at the same rates, showing that society was living in the same space.  There were differences of opinion in society, as should be the case in any healthy society.  Latvian society had gone through traumas, and was dealing with them, including by taking care of minorities, legally, but also practically, including through an annual festival celebrating cultural minorities.

      Latvia saw its society as one which facilitated civic participation, and was working to strengthen this.  Even Roma representatives and organisations were finally putting their projects forward, and they were being supported.  Work was also being done on media literacy, as the current greatest threat to human rights was the great mass of information that was available, meaning critical thinking was a critical tool for building a cohesive society.  Latvia had acquired a large number of refugees, including those fleeing from Ukraine, and was providing measures and support for their language acquisition and cultural and societal integration.

      Latvia was working with the Roma strategy at the European Union level and had its own strategic plan for Roma integration.  Unfortunately, the community was one of the most stigmatised, as it was across Europe.  It was important for this stigmatisation to be approached and that communities were approached, with Roma mediators involved in the efforts to end the stigma.  Hate speech had increased in the digital environment, and a plan was being put together to address it.

      The delegation said the issue of Russia’s invasion of Ukraine was not an ethnic issue: it was an issue of international law, colonialism, and history.  This was how society and the government had treated it.  The government had been very clear that this was an issue that had to unite everybody within the country, no matter the language and ethnicity of the individual.  Research showed that there was an increase of differences of opinion on the issue within the country, but these were not aligned with ethnicity.  The Russian minority was very vocal in its lack of support for the actions of Russia.  On the declaration of a State emergency at the border, there had been a deliberate attempt by Belarus to destabilise European countries, including Latvia, in response to the imposition of sanctions on the Belarus regime.  Actions to protect the external borders must be interpreted in the light of the broader geo-political context and the will to protect the system against abuse, including the instrumentalisation of migrants and refugees.

      The gender pay gap had reduced further in Latvia, the delegation said, and female employment rates were relatively high, but the government needed to look into employment equality further, including encouraging women’s participation in science, technology, engineering and mathematics.  Latvia was one of the rare countries that admitted to having problems in its prisons, and the government had approved an action plan to implement the Committee’s recommendations in this regard, showing its determination to tackle the issue.  Prison staff were instructed and trained on sensitive periods in the life of a prisoner, aiming to limit incidents of self-harm and suicide.

      Questions by Committee Experts

      In follow-up questions, Experts asked for figures on deaths in prisons, and the reconciliation between self-administration prisons and the official system, and whether the former was to the detriment of detainees.  Did psychiatric facilities offer education and therapeutic facilities, and was there sufficient staff?  Another Expert asked for clarification on training in hate crimes and hate speech, asking whether it was mandatory and country-wide, or whether people could opt out.  How was disaggregated data and statistics gathered on hate speech and hate crimes?  There appeared to be a tension between language groups, and the Expert wondered how promoting a culture of human rights education and speech could be of help in resolving these matters.

      Responses by the Delegation

      The delegation said the Ministry of Justice had prepared a general policy planning document to combat and reduce the effects of informal prison hierarchies in Latvian prisons.  This included building a new prison, and the education of prison guards and administration, including a new education centre, among others.  One of the biggest problems in Latvian prisons was the outdated prison infrastructures, and the construction of the new prison to remedy this would be concluded in September 2025, with prisoners to be relocated in 2026.

      There were 26,132 persons with mental disabilities in the country in 2019, and the situation was roughly the same now.  It was very important today for persons with mental disabilities to have access to independent living, and Latvia had 12 social service homes, with between 50 and 150 places to which persons could be admitted voluntarily and could leave freely.  There was only one long-term facility, with approximately 200 beds, meant for persons with severe mental disorders, and this hospital was also only for voluntary treatment.  Regarding treatment and rehabilitation, nowadays in all treatment centres there were muti-professional teams, and staff workers ensuring integrated healthcare.  Great efforts were made to ensure there were recreational facilities at all hospitals.

      There was no mandatory training for judges, except on children’s rights, and training on hate speech and hate crimes were mostly linked to the specialisation of judges.  In Latvia, the media enjoyed independence, and investigative journalism thrived, holding the government and the judiciary to account.  The most common form of corruption involved the use of administrative resources, the delegation said.

      The delegation said amendments had been made to the Criminal Code in 2024, establishing accountability for acts of violence against immediate family or in partner relationships. The amendments introduced the punishment of imprisonment for up to three years if the perpetrator committed a violent act against a family member, spouse or former spouse.  Cases of spousal rape were considered rape under the Criminal Code, and sanctions were higher if there were aggravating circumstances. It was ensured that these crimes were reviewed by the courts in a timely manner.  More than 13 trainings had been conducted for judges, investigators, prosecutors and those who worked on family violence cases.  Every year, at least 20 women were killed by their partner in Latvia. The State believed that, in many instances, these deaths were preventable.  From 1 July, electronic monitoring of offenders could be applied in criminal proceedings, providing an opportunity to prevent both femicides and homicides.

      The ratification of the Istanbul Convention was a significant step in Latvia and was a cornerstone policy for the country.  Changing societal attitudes towards women and violence and shifting deeply ingrained cultural norms and stereotypes required public awareness campaigns, which took time to yield results.  Real-life stories of survivors had been made accessible to the public to raise awareness of the issue and encourage others to come forward.  Services were accessible and no proof was required to receive help.

      In December 2023, preventive visits had been carried out to two prisons, to assess potential risks of violent behaviour.  Conferences had been held in cooperation with the Ombudsman’s office and non-governmental organizations dedicated to the prevention of violent conduct, attended by representatives of the prison administration.  There had been an increase in crimes committed by prison administration officials in 2025, but this was due to the mandate to increasingly investigate these kinds of crimes.

      Questions by Committee Experts

      A Committee Expert asked why Latvia did not systematically collect and publish data on the length and frequency of pretrial detention.  What steps would be taken to address this gap?  Could data be provided on the use of non-custodial alternatives to detention?  How was it ensued that all detainees were fully informed of their rights and access to a lawyer from the outset of detention?  Would the State implement mandatory audiovisual recording of all police interviews with detained persons?  How was it ensured that detainees received timely and effective assistance from qualified lawyers, including during the initial critical hours of detention?

      What specific safeguards existed to prevent undue political influence in the appointment of Supreme Court judges?  How did the State party address reports of politicisation and corruption in the judicial system?  What measures were taken to improve trust in the justice system?  What was the current operational status of the academy of justice? What specific training programmes had been implemented for judges and prosecutors since it opened?  What steps had been taken to ensure timely issuance of judgements?  Could information be provided on the types and lengths of sentences provided to minors? How was it ensured the detention of minors was used only as a last resort and for the shortest possible time?

      Another Committee Expert said the overall national referral mechanism had not yet been established; why was this?  How would the State implement the relevant European Parliament directive in time? How did the conflict in Ukraine impact trafficking in Latvia and different categories of victims, including victims of sexual exploitation and child trafficking?  Were training activities organised for law enforcement in this regard?  How did Latvia’s transition from a country of origin to country of transit and destination impact Government prevention efforts?  What measures were being taken to promptly investigate, prosecute and punish all cases of trafficking?  What remedies were provided to victims?  How many cases had been raised against persons involved in human trafficking?

      In mid-2024, the Ministry of Culture launched a study to ensure the safety of journalists in Latvia. What was its progress thus far? How were its recommendations being implemented?  The Government informed the Committee that the criminal proceedings concerning serious bodily injuries inflicted to the journalist and publisher Leonids Jākobsons were terminated on 19 February 2025, as the authorities were unable to find the perpetrators.  How often were similar cases involving infliction of serious bodily injuries terminated because of lack of success in finding perpetrators?  How would the State ensure that similar incidents did not repeat, and that there was no impunity for perpetrators?

      Could the delegation elaborate on the legal basis for the drastic revocation of TV Rain’s broadcasting licence on 6 December 2022, that was challenged before the Administrative Regional Court?  The National Security Concept of 28 September 2023 served to prohibit the production of public television and radio content in Russian. What was the legal basis for this policy, and had there been any legal and administrative actions taken to implement it thus far?

      Another Committee Expert said that in June 2023, Latvia established an enhanced border regime with restrictive measures, which had been extended to the end of 2025. Could the delegation confirm this? How did the State party justify prolonging these restrictions long after the formal state of emergency had ended? Credible reports indicated that from 2021 to 2025, the State border guard had engaged in 28,000 pushbacks to Belarus and other countries, without assessing the risks individuals would face. How did these pushbacks comply with the principle of non-refoulment?  Refugees at the border were reportedly subjected to violence and abuse and left without water and food.  What concrete actions had the State party taken to monitor the State border guard?  How were the border guards trained to prevent ill-treatment of migrants?

      How many official border crossing points were operating today?  What steps were being taken to facilitate applications for persons seeking protection?  What percentage of asylum seekers were detained and for how long?  The Committee was concerned about the detention of children who sought asylum; would Latvia consider a policy of never detaining children for immigration reasons?  The State had a good practice of providing free legal aid to refugees challenging asylum decisions, however reports stated it was not respected in practice.  How did the State party uphold this commitment in practice?

      The Committee welcomed the adoption of a 2020 law which automatically granted Latvian citizenship to children of non-citizens who were not nationals of another State.  The Committee also welcomed the reduction in the number of non-citizens.  Would the State party consider amending its citizenship law to grant nationality to all children born in Latvia who would otherwise be stateless?  Was the State party considering extending political rights to non-citizens?

      The Committee appreciated the measures adopted to safeguard the rights of conscientious objectors following the re-introduction of compulsory military service for men under Law 75 on the State Defence Service.  The Committee also noted that the term of Alternative Civil Service was equal in length to military service, which was an improvement.  Would the State consider allowing the Conscription Control Commission to operate independently of the miliary?  Were conscientious objectors assigned responsibilities in alternative civil services, as opposed to non-combat roles within the military? How would the State party respect the rights of conscientious objectors during emergencies and armed conflicts?

      A Committee Expert said the Committee understood that the Pre-Election Campaign Law prohibited pre-election campaign materials in any language other than Latvian, except for European Parliament elections.  How did the State party ensure that this prohibition did not unduly restrict accessibility and the participation of minorities in elections?

      Could the State party explain why non-citizen residents, including long-term residents, were excluded from elections?  Would the State party be willing to permit their participation in elections?  Where did the State party see the most need for further improvement regarding accessibility for persons with disabilities in elections?  What measures had the State party taken to follow up on treaty body recommendations, including those calling on political parties to introduce quotas to promote women’s representation in political life?

      The Committee had questions regarding the transition to Latvian as the exclusive language of instruction, eliminating Russian as a second language in schools and preschools. While this transition was envisaged a long time ago, its implementation had been rushed.  How does the State party ensure that schools were ready within the limited timeframe, especially schools where many teachers lacked sufficient proficiency in Latvian?  There were serious concerns about the lack of meaningful minority community consultation and participation during the law’s adoption.  How many stakeholders were involved and how was active participation and meaningful dialogue ensured?   The Committee was informed that national minority pupils at pre-school and primary education levels had a right to request education programmes on their language and cultural history.  Did communities have to fund these programmes themselves?  How were people made aware of these programmes and how easy was it to apply for them?

      Responses by the Delegation

      The delegation said that while not all police interviews were recorded, this did not affect police investigations.  All interviews with children were recorded.  All interviews were documented in written form.

      Legal aid was provided by the court administration.  There had been just one case where a higher court judge had not been appointed by the parliament.  Reports of corruption in the court system were legally investigated.  The parliament adopted a law establishing a new judicial academy in 2024.  In January this year, the newly established institution officially commenced its operations.  The academy had been admitted as a member of the European Judicial Network.  During this year, 106 events and trainings had already been held at the academy.

      Latvia remained susceptible to labour exploitation, sham marriages, forced begging, as well as sexual exploitation.  This year, just one criminal investigation had been launched so far in this regard. At the beginning of the Ukrainian refugee crisis, a programme was established that strengthened the capacity of State border guards to identify possible victims of human trafficking. All unaccompanied minors had been given legal assistance.  Since 2022, there had been one case of sexual exploitation of a Ukrainian woman.

      Regarding the case of the grievous bodily harm reflected on the journalist Leonids Jākobsons, despite its best efforts, the State had been unable to identify the perpetrator, and the proceedings had been closed.  However, should new information emerge, the criminal proceedings could be reopened, and investigations could resume.  In a 2019 case involving a journalist who had been persecuted and harassed for over a year, the perpetrator was identified and sentenced to prison for two years.  This emphasised that the State recognised the importance of journalists and were committed to ensuring their safety and security. 

      A study had been launched which looked at updating the legal definition of “the media”. Seminars were provided for journalists that helped them to protect themselves.  Meetings were held with the police once a year, to help them support journalists.  Materials were envisaged for judges to help them on cases involving journalists.

      Latvia was a democratic State that promoted the right to a fair trial and access to justice.  A case was ongoing regarding Russian propaganda channels spreading hate speech in Latvia.  The Government could not assess the outcome of the case at this point.

      No languages had been prohibited in Latvia.  Statistics showed that only 54 per cent of Latvian youth knew Russian language.  The official State language was the Latvian language.

      Around 47 to 50 per cent of television programmes and 35 percent of radio programmes were available in Russian language, and 13 per cent of the printed press was in Russian language.   A law was in place which obligated the public broadcaster to broadcast in minority languages.  The public broadcaster independently decided on media content and in which languages it should be broadcast.  Work was being done to promote the inclusion of more minorities.

      The state of emergency situation at the border with Belarus had been ended, but a new “enhanced border protection regime” had been introduced and would be in force until the end of the year.  During legislative amendments, the State had assessed a proportional and law-based solution, considering European Union court rulings in this field.  A lot of work had been done to comply with international obligations and the principle of non-refoulment.  A document had been developed to instruct personnel at the border on how to deal with these cases.

      Significant training had been provided to border staff, with more than 1,000 border guards trained in 2024 on asylum rights.  The State did not have information on 20 deaths registered at the border with Belarus.  There had been a case in 2024 in which a dead body was found on the Latvian border. This year, there had been 63 applications for asylum so far.  As a rule, asylum seekers were not detained in Latvia and were accommodated in open space centres.  However, due to several circumstances, the law on asylum permitted the detention of asylum seekers, such as in the case of security threats.  Each case was individually and thoroughly assessed. Minors under 14 years old were not detained; they were placed in different facilities.  Efforts were taken to accommodate minors with their families when possible.  State-provided legal assistance could be accessed once an asylum decision had been appealed.

      Regarding conscientious objection, no one from the Ministry of Defence had interfered with the Conscription Control Commission, and changes were not considered.  The State defence service law set basic criteria for alternative service.  So far, just three applications had been received, including for religious and health reasons.  Military service was for a fixed period and a solider could choose whether to extend their contract or not.  International regulations set a two-month resignation notice for military service, which the State believed was a reasonable amount of time.  A reserve solider who could not perform military service due to their beliefs could be enrolled in the national armed force reserves. The State was not considering amending paragraph five of the military law.

      Latvia did not consider “non-citizens” to be stateless persons.  All non-citizens had the right to naturalise.  The number of Latvian non-citizens had decreased by around 77 per cent in recent years.  After a change in regulations in 2020, more than 500 children had been automatically registered after birth.  Several campaigns had been carried out on the possibility of acquiring Latvian citizenship.

      If someone wanted to be elected or vote in Latvia, they needed to obtain citizenship.  A Constitutional Court decision issued at the beginning of the year stated that the contested legal provisions did not impose a complete ban on the use of foreign languages, and only applied to individual campaigning with voters, hence they were in conformity with the Constitution.  The Court decided that restrictions on fundamental rights were proportional. Russian language was still widespread in Latvia, justifying the need to strengthen the use of Latvian as the official State language.  The Constitutional Court had taken article 27 of the Covenant into account, which recognised the obligation to ensure minority groups could use their mother tongue. It found amendments in the law complied with article 27.

      The naturalisation procedure was fairly easy.  The path for non-citizens was wide, short and easy to walk. 

      Follow-Up Questions by Committee Experts

      The Committee asked follow-up questions regarding actions taken to implement the national security policy before the Constitutional Court; the permanence of the enhanced border regime; ill-treatment of migrants crossing the Belarus/Latvia border between 2021 and 2022; granting citizenship to children born in Latvia who would otherwise be stateless; providing for honourable discharges from military service; the exclusion of non-citizens from all elections; alternative programmes for minority languages in schools; and measures in place to ensure detention of minors was only implemented as a measure of last resort.

      Responses by the Delegation

      The delegation said the public broadcaster was bound by media laws.  Currently Belarussian authorities at the border were refusing to cooperate with Latvian authorities.  These non-cooperation issues had brought about an increase in criminal activities across the border, including organised crime.  This year, there had been 186 irregular migration cases across the border.  An investigation had been launched in 2021 and 2022 regarding individuals who had attempted to cross the Belarussian border, which had analysed a significant amount of information.  During the investigation, it was determined that injuries to migrants were not caused by the actions of border officials, but were likely obtained during the journey to cross the border.

      Reasons for terminating a military contract prior to its conclusion were not specified in national laws.  An agreement simply needed to be reached. 

      Only persons with Latvian citizenship had the right to vote.  Using languages other than Latvian during political campaigning in the election period was not prohibited.  The provision about using just the official language applied only to the pre-election period.  Non-citizens who chose to keep their status still had the right to receive healthcare and work in the country.

      Teachers were instructed on teaching methodologies in a linguistically diverse environment, and on how to teach students whose native language was not Latvian.  There were targeted grants supporting minority languages and cultures. 

      As of 25 June this year, there were 27 inmates who were children.  Four of these children were detained, with the rest serving their sentences on probation.  This illustrated that incarceration of children in Latvia was a last resort.

      Closing Statements

      HOSAMS ABU MERI, Minister for Health of the Republic of Latvia, expressed gratitude for the open and constructive dialogue.  A wide range of topics had been addressed, including efforts to combat hate crimes, gender equality, and matters of national security.  Latvia’s experience during these challenging times, as its neighbours Russia and Belarus deployed the full arsenal of hybrid warfare, had a broader relevance.  Latvia would not only withstand these threats but remain steadfast in the rule of law, the principles of human rights and a rule-based law and order.  These circumstances reaffirmed Latvia’s commitment to uphold the rights enshrined in the Covenant.  Latvia appreciated the engagement and interest of the Committee.

      CHANGROK SOH, Committee Chairperson, expressed gratitude to all who had contributed to the dialogue.  The Committee commended the State party for progress in several areas, including access to justice and gender equality, however remained concerned about the treatment of asylum seekers and non-residents, among other issues.  Mr. Soh thanked all involved in the dialogue for their engagement and commitment. 

      ___________

      Produced by the United Nations Information Service in Geneva for use of the media; 
      not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

       

      CCPR25.013E

      MIL OSI United Nations News

    • MIL-OSI Africa: International Monetary Fund (IMF) Staff Completes 2025 Article IV Mission with Nigeria


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      The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Nigeria.(1)

      The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit and improved the functioning of the foreign exchange market. Investor confidence has strengthened, helping Nigeria successfully tap the Eurobond market and leading to a resumption of portfolio inflows. At the same time, poverty and food insecurity have risen, and the government is now focused on raising growth.

      Growth accelerated to 3.4 percent in 2024, driven mainly by increased hydrocarbon output and vibrant services sector. Agriculture remained subdued, owing to security challenges and sliding productivity. Real GDP is expected to expand by 3.4 percent in 2025, supported by the new domestic refinery, higher oil production and robust services. Against a complex and uncertain external environment, medium-term growth is projected to hover around 3½ percent, supported by domestic reform gains.

      Gross and net international reserves increased in 2024, with a strong current account surplus and improved portfolio inflows. Reforms to the fx market and foreign exchange interventions have brought stability to the naira.

      Naira stabilization and improvements in food production brought inflation to 23.7 percent year-on-year in April 2025 from 31 percent annual average in 2024 in the backcasted rebased CPI index released by the Nigerian Bureau of Statistics. Inflation should decline further in the medium-term with continued tight macroeconomic policies and a projected easing of retail fuel prices.

      Fiscal performance improved in 2024. Revenues benefited from naira depreciation, enhanced revenue administration and higher grants, which more-than-offset rising interest and overheads spending.

      Downside risks have increased with heightened global uncertainty. A further decline in oil prices or increase in financing costs would adversely affect growth, fiscal and external positions, undermine financial stability and exacerbate exchange rate pressures. A deterioration of security could impact growth and food insecurity.

      Executive Board Assessment (2)

      Executive Directors agreed with the thrust of the staff appraisal. They commended the authorities on the successful implementation of significant reforms during the past two years and welcomed the associated gains in macroeconomic stability and resilience. As these gains have yet to benefit all Nigerians, and with heightened economic uncertainty and significant downside risks, Directors emphasized the importance of agile policy making to safeguard and enhance macroeconomic stability, creating enabling conditions to boost growth, and reducing poverty.

      Directors agreed that the Central Bank of Nigeria is appropriately maintaining a tight monetary policy stance, which should continue until disinflation becomes entrenched. They welcomed the discontinuation of deficit monetization and ongoing efforts to strengthen central bank governance to set the institutional foundation for inflation targeting. Directors also welcomed steps taken by the authorities to build reserves and support market confidence and praised reforms to the foreign exchange market that supported price discovery and liquidity. They called for implementation of a robust foreign exchange intervention framework focused on containing excess volatility, stressing that the exchange rate is an important shock absorber. Directors also agreed with staff’s call to phase out existing capital flow management measures in a properly timed and sequenced manner.

      Directors called for a neutral fiscal stance to safeguard macroeconomic stabilization with priority given to investments that enhance growth. Directors also called for accelerating the delivery of cash transfers to assist the poor. They commended the authorities on advancing the tax reform bill, an important step towards enhancing revenue mobilization and creating fiscal space for development spending, while preserving debt sustainability.

      Directors recognized actions to strengthen the banking system, including the ongoing process of increasing banks’ minimum capital. They welcomed the authorities’ efforts to boost financial inclusion and promote capital market development, while emphasizing the importance of moving to a robust risk‑based supervision for mortgage and consumer lending schemes as well as the fintech and crypto sectors. Directors welcomed progress made in strengthening the AML/CFT framework and stressed the importance of resolving remaining weaknesses to exit the FATF grey list.

      To lift Nigeria’s growth outlook, improve food security, and reduce fragility, Directors highlighted the importance of tackling security, red tape, agricultural productivity, infrastructure gaps, including boosting electricity supply, as well as improved health and education spending, and making the economy more resilient to climate events. They noted that addressing structural impediments to private credit extension is also needed to support growth. Directors welcomed the IMF’s capacity development to support authorities’ reform efforts and agreed that enhancing data quality is critical for sound, data‑driven policymaking.

      Table 1. Nigeria: Selected Economic and Financial Indicators, 2023–26

      2023

      2024

      2025

      2026

      5/8/2025 13:03

      Act.

      Est.

      Proj.

      Proj.

       National income and prices

      Annual percentage change

      (unless otherwise specified)

      Real GDP (at 2010 market prices)

      2.9

      3.4

      3.4

      3.2

      Oil GDP

      -2.2

      5.5

      4.9

      2.3

      Non-oil GDP

      3.2

      3.3

      3.3

      3.3

      Non-oil non-agriculture GDP

      3.9

      4.1

      3.7

      3.7

      Production of crude oil (million barrels per day)

      1.5

      1.5

      1.7

      1.7

      Nominal GDP at market prices (trillions of naira)

      234

      277

      320

      367

      Nominal non-oil GDP (trillions of naira)

      221

      260

      303

      351

      Nominal GDP per capita (US$)

      1,597

      806

      836

      887

      GDP deflator

      12.6

      14.5

      11.4

      11.4

      Consumer price index (annual average)

      24.7

      31.4

      24.0

      23.0

      Consumer price index (end of period)

      28.9

      15.4

      23.0

      18.0

      Investment and savings

      Percent of GDP

      Gross national savings

      31.8

      39.6

      37.5

      37.7

      Public

      -0.1

      3.9

      2.2

      1.7

      Private

      31.9

      35.7

      35.3

      36.1

      Investment

      30.0

      30.4

      30.5

      33.1

      Public

      3.2

      4.8

      5.4

      5.5

      Private

      26.8

      25.6

      25.1

      27.6

      Consolidated government operations

      Percent of GDP

      Total revenues and grants

      9.8

      14.4

      14.2

      13.8

      Of which: oil and gas revenue

      3.3

      4.1

      5.1

      4.9

      Of which: non-oil revenue

      5.8

      9.2

      8.8

      8.8

      Total expenditure and net lending

      13.9

      17.1

      18.9

      18.7

      Overall balance

      -4.2

      -2.6

      -4.7

      -4.9

      Non-oil primary balance

      -4.9

      -4.9

      -7.2

      -6.9

      Public gross debt1

      48.7

      52.9

      52.0

      50.8

      Of which: FX denominated debt

      18.1

      25.5

      25.8

      24.8

      FGN interest payments (percent of FGN revenue)

      83.8

      41.1

      47.3

      49.2

      Money and credit

      Contribution to broad money growth
      (unless otherwise specified)

      Broad money (percent change; end of period)

      51.9

      42.7

      17.9

      22.3

      Net foreign assets

      10.5

      30.4

      2.1

      7.2

      Net domestic assets

      41.3

      12.3

      15.8

      15.1

           Of which: Claims on consolidated government

      20.1

      -11.9

      6.2

      4.1

      Credit to the private sector (y/y, percent)

      53.6

      30.1

      17.9

      18.2

      Velocity of broad money (ratio; end of period)

      2.7

      3.3

      2.2

      2.1

      External sector

      Annual percentage change

      (unless otherwise specified)

      Current account balance (percent of GDP)

      1.8

      9.2

      7.0

      4.6

      Exports of goods and services

      -12.8

      -4.5

      -6.0

      1.3

      Imports of goods and services

      -4.4

      -0.8

      -6.8

      8.4

      Terms of trade

      -6.1

      -0.6

      -7.4

      -3.3

      Price of Nigerian oil (US$ per barrel)

      82.3

      79.9

      67.7

      63.3

      External debt outstanding (US$ billions)2

      102.9

      102.2

      105.9

      110.2

      Gross international reserves (US$ billions, CBN definition)3

      33.2

      40.2

      36.4

      39.1

      Equivalent months of prospective imports of G&S

      5.4

      5.7

      7.5

      7.7

      Memorandum items:

        Implicit fuel subsidy (percent of GDP)

      0.8

      2.1

      0.0

      0.0

      Sources: Nigerian authorities; and IMF staff estimates and projections.

      1 Gross debt figures for the Federal Government and the public sector include overdrafts from the Central Bank of Nigeria (CBN).

      2 Includes both public and private sector.

      3 Based on the IMF definition, the gross international reserves were US$8 billion lower in December 2024.


      (1) Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. Staff hold separate annual discussions with the regional institutions responsible for common policies in four currency unions—the Euro Area, the Eastern Caribbean Currency Union, the Central African Economic and Monetary Union, and the West African Economic and Monetary Union. For each of the currency unions, staff teams visit the regional institutions responsible for common policies in the currency union, collects economic and financial information, and discusses with officials the currency union’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis of discussion by the Executive Board. Both staff’s discussions with the regional institutions and the Board discussion of the annual staff report will be considered an integral part of the Article IV consultation with each member. 

      (2) At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm. The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

      Distributed by APO Group on behalf of International Monetary Fund (IMF).

      MIL OSI Africa

    • MIL-OSI USA: Republican Rules Committee Rejects Scholten Amendment to Ensure Cost of Living Does Not Skyrocket

      Source: United States House of Representatives – Congresswoman Hillary Scholten – Michigan

      As the House considers the Senate-passed version of Republicans’ Big Ugly Bill, legislation that would rip healthcare away from millions of Americans and raise costs on consumers, Congresswoman Hillary Scholten (MI03), founding member of the Lowering Costs Caucus, introduced an amendment that would block the bill from going into effect unless the Bureau of Labor Statistics proves that the bill will not increase prices on consumers. The Republican Rules Committee rejected this amendment.

       “The affordability crisis is crippling the American Dream. This Republican Bill will raise costs for working Americans, but give a windfall to corporations & billionaires,” said Rep. Scholten. “We should all agree on my amendment, which would ensure that the already high cost of living doesn’t skyrocket. I am disappointed, but not surprised, that Republicans rejected it and continue full steam ahead on their betrayal of everyday Americans. This is yet another reason I will vote NO when this bill comes to the House floor later today.”

      Scholten introduced the amendment with the support of her Lowering Costs Caucus co-chairs Reps. Greg Landsman (OH-01) and Derek Tran (CA-45).

       

      ###

      MIL OSI USA News

    • MIL-OSI USA: Republican Rules Committee Rejects Scholten Amendment to Ensure Cost of Living Does Not Skyrocket

      Source: United States House of Representatives – Congresswoman Hillary Scholten – Michigan

      As the House considers the Senate-passed version of Republicans’ Big Ugly Bill, legislation that would rip healthcare away from millions of Americans and raise costs on consumers, Congresswoman Hillary Scholten (MI03), founding member of the Lowering Costs Caucus, introduced an amendment that would block the bill from going into effect unless the Bureau of Labor Statistics proves that the bill will not increase prices on consumers. The Republican Rules Committee rejected this amendment.

       “The affordability crisis is crippling the American Dream. This Republican Bill will raise costs for working Americans, but give a windfall to corporations & billionaires,” said Rep. Scholten. “We should all agree on my amendment, which would ensure that the already high cost of living doesn’t skyrocket. I am disappointed, but not surprised, that Republicans rejected it and continue full steam ahead on their betrayal of everyday Americans. This is yet another reason I will vote NO when this bill comes to the House floor later today.”

      Scholten introduced the amendment with the support of her Lowering Costs Caucus co-chairs Reps. Greg Landsman (OH-01) and Derek Tran (CA-45).

       

      ###

      MIL OSI USA News

    • Nutritional Intake in India: NSO survey reveals patterns in calorie, protein and fat consumption

      Source: Government of India

      Source: Government of India (4)

      The National Statistics Office (NSO) has released its latest report, Nutritional Intake in India, presenting detailed insights into the daily intake of calories, protein and fat among the Indian population based on back-to-back Household Consumption Expenditure Surveys (HCES) conducted from August 2022 to July 2024.

      The surveys, covering two consecutive periods — August 2022–July 2023 and August 2023–July 2024 — collected comprehensive data on household food consumption across states, sectors, and expenditure classes. These findings continue the NSO’s long-standing practice of publishing periodic reports on nutritional intake, with previous editions released for the NSS’s 50th, 55th, 61st, 66th, and 68th rounds.

      Stable Average Nutrient Intake Across Rural and Urban India

      The report shows a broadly stable pattern in average daily per capita and per consumer unit intake of calories, protein and fat in both rural and urban areas over the two survey years.

      In rural India, the average daily per capita calorie intake stood at 2,233 kilocalories (Kcal) in 2022–23, slightly decreasing to 2,212 Kcal in 2023–24. Urban India recorded a marginal decline from 2,250 Kcal to 2,240 Kcal over the same period.

      The average daily protein intake per capita remained stable at around 62 grams in rural areas and 63 grams in urban centres. Fat intake was estimated at about 60 grams per day in rural India and nearly 70 grams in urban India during both survey periods.

      Calorie Intake Varies With Household Well-Being

      A key finding is the clear correlation between calorie intake and household expenditure levels. As Monthly Per Capita Consumption Expenditure (MPCE) increases, so does average calorie intake.

      In 2023–24, the average daily per capita calorie intake for the lowest fractile class (bottom 5% of the population ranked by expenditure) was 1,688 Kcal in rural India and 1,696 Kcal in urban India. By comparison, households in the top 5% expenditure class recorded an average daily per capita calorie intake of 2,941 Kcal in rural areas and 3,092 Kcal in urban areas.

      The gap between the lowest and highest fractile classes has narrowed slightly compared to 2022–23, indicating some improvement in the calorie intake of the lower expenditure groups.

      Trends Over Time

      Long-term trends show a modest rise in average daily per capita calorie and protein intake since 2009–10. Over this period, rural and urban households have seen gradual improvements in nutritional intake, suggesting a slow but steady enhancement in food consumption patterns.

      Shift in Sources of Protein

      An analysis of protein sources reveals significant dietary shifts. Cereals continue to be the primary source of protein, accounting for nearly 46–47% of protein intake in rural areas and about 39% in urban regions.

      However, the share of cereals has declined sharply over the past decade — by about 14% in rural India and nearly 12% in urban India. This reduction has been offset by an increase in the share of protein derived from eggs, fish, meat, other food items and, to a lesser extent, milk and milk products.

      Adjusted vs. Unadjusted Nutrient Intake

      The report also provides estimates of adjusted nutrient intake, which excludes meals served to non-household members and other such factors, to better reflect true household consumption.

      Adjusted figures are slightly lower than unadjusted figures. For instance, the adjusted average daily per capita calorie intake in rural India for 2023–24 was 2,191 Kcal, compared to 2,212 Kcal in the unadjusted estimate.

      Key Takeaway

      The Nutritional Intake in India report underscores both progress and persistent disparities in food consumption across income groups and regions. While overall intake levels have improved marginally over time, significant gaps remain between different segments of the population, pointing to the continued importance of targeted nutrition and food security interventions.

    • Nutritional Intake in India: NSO survey reveals patterns in calorie, protein and fat consumption

      Source: Government of India

      Source: Government of India (4)

      The National Statistics Office (NSO) has released its latest report, Nutritional Intake in India, presenting detailed insights into the daily intake of calories, protein and fat among the Indian population based on back-to-back Household Consumption Expenditure Surveys (HCES) conducted from August 2022 to July 2024.

      The surveys, covering two consecutive periods — August 2022–July 2023 and August 2023–July 2024 — collected comprehensive data on household food consumption across states, sectors, and expenditure classes. These findings continue the NSO’s long-standing practice of publishing periodic reports on nutritional intake, with previous editions released for the NSS’s 50th, 55th, 61st, 66th, and 68th rounds.

      Stable Average Nutrient Intake Across Rural and Urban India

      The report shows a broadly stable pattern in average daily per capita and per consumer unit intake of calories, protein and fat in both rural and urban areas over the two survey years.

      In rural India, the average daily per capita calorie intake stood at 2,233 kilocalories (Kcal) in 2022–23, slightly decreasing to 2,212 Kcal in 2023–24. Urban India recorded a marginal decline from 2,250 Kcal to 2,240 Kcal over the same period.

      The average daily protein intake per capita remained stable at around 62 grams in rural areas and 63 grams in urban centres. Fat intake was estimated at about 60 grams per day in rural India and nearly 70 grams in urban India during both survey periods.

      Calorie Intake Varies With Household Well-Being

      A key finding is the clear correlation between calorie intake and household expenditure levels. As Monthly Per Capita Consumption Expenditure (MPCE) increases, so does average calorie intake.

      In 2023–24, the average daily per capita calorie intake for the lowest fractile class (bottom 5% of the population ranked by expenditure) was 1,688 Kcal in rural India and 1,696 Kcal in urban India. By comparison, households in the top 5% expenditure class recorded an average daily per capita calorie intake of 2,941 Kcal in rural areas and 3,092 Kcal in urban areas.

      The gap between the lowest and highest fractile classes has narrowed slightly compared to 2022–23, indicating some improvement in the calorie intake of the lower expenditure groups.

      Trends Over Time

      Long-term trends show a modest rise in average daily per capita calorie and protein intake since 2009–10. Over this period, rural and urban households have seen gradual improvements in nutritional intake, suggesting a slow but steady enhancement in food consumption patterns.

      Shift in Sources of Protein

      An analysis of protein sources reveals significant dietary shifts. Cereals continue to be the primary source of protein, accounting for nearly 46–47% of protein intake in rural areas and about 39% in urban regions.

      However, the share of cereals has declined sharply over the past decade — by about 14% in rural India and nearly 12% in urban India. This reduction has been offset by an increase in the share of protein derived from eggs, fish, meat, other food items and, to a lesser extent, milk and milk products.

      Adjusted vs. Unadjusted Nutrient Intake

      The report also provides estimates of adjusted nutrient intake, which excludes meals served to non-household members and other such factors, to better reflect true household consumption.

      Adjusted figures are slightly lower than unadjusted figures. For instance, the adjusted average daily per capita calorie intake in rural India for 2023–24 was 2,191 Kcal, compared to 2,212 Kcal in the unadjusted estimate.

      Key Takeaway

      The Nutritional Intake in India report underscores both progress and persistent disparities in food consumption across income groups and regions. While overall intake levels have improved marginally over time, significant gaps remain between different segments of the population, pointing to the continued importance of targeted nutrition and food security interventions.

    • MIL-OSI Africa: Stats SA moves into digitally powered future

      Source: South Africa News Agency

      Statistics South Africa has now commenced with the development of its digital business transformation strategy, which will guide the institution going forward.

      Minister in the Presidency, Khumbudzo Ntshavheni, outlined the institution’s plans when she tabled its Budget Vote in Parliament on Wednesday afternoon.

      “This strategy aligns with South Africa’s Roadmap for Digital Transformation of government that aims to, amongst others, enhance data exchange for improved access to information for improved service delivery.

      “Stats SA’s digital transformation journey commenced with the Household Survey programme, transitioning from a paper-based data collection approach to a computer assisted methodology, thereby streamlining survey operations, resulting in significant cost savings,” Ntshavheni said.

      She revealed that the institution will, over the next five years, “reinvent its statistical products and processes”.

      Key initiatives over the medium-term include:

      • Researching the use of artificial intelligence in producing official statistics.
      • Introducing web-based data collection methods in economic statistics programmes.
      • Applying data science and modern methods to big data and alternative data sources.
      • Exploring the use of cloud technology in Stats SA.

      “The shift to digital platforms is designed to streamline survey operations, making it more efficient and user friendly,” she said.

      Ntshavheni said Stats SA’s allocation is R2.7 billion for the 2025/26 financial year, rising to R2.91 billion in 2026/27 and reaching R3.04 billion in 2027/28.

      “In a world defined by rapid change, complex challenges and competing narratives, official statistics provides us with one constant: the truth told in numbers.

      “They serve as a mirror through which a nation sees itself not just as it is but how its evolving. From economic performance and health outcomes to education levels and environmental conditions, statistics are the evidence base upon which sound decisions are made.”

      The Minister urged Parliamentarians to support the budget vote to equip Stats SA to help government navigate ever changing global dynamics.

      “It is important to support this budget vote because we are navigating a path in a world that is undergoing rapid and profound changes, and this is equally true in the realm of statistics.

      “Global fundamental shifts are reshaping every aspect of human life from the escalating impact of climate change to the swift advancements in artificial intelligence, the rise of digital economies, changing social dynamics and global political tensions.

      “By accurately capturing and analysing these trends, we can better equip ourselves to respond to the challenges and opportunities they present – ensuring that our nation remains resilient and forward thinking in this ever-evolving landscape,” Ntshavheni emphasised.

      She assured that the institution remains “unwavering in its commitment to the strategy of improving lives through data economic systems”.

      “As the landscape of information technology and data analytics continues to transform, our focus is on harnessing the power of data to enhance the wellbeing of our citizens,” she said. – SAnews.gov.za

      MIL OSI Africa

    • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission with Nigeria

      Source: IMF – News in Russian

      July 2, 2025

      Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation with Nigeria.1

      The Nigerian authorities have implemented major reforms over the past two years which have improved macroeconomic stability and enhanced resilience. The authorities have removed costly fuel subsidies, stopped monetary financing of the fiscal deficit and improved the functioning of the foreign exchange market. Investor confidence has strengthened, helping Nigeria successfully tap the Eurobond market and leading to a resumption of portfolio inflows. At the same time, poverty and food insecurity have risen, and the government is now focused on raising growth.

      Growth accelerated to 3.4 percent in 2024, driven mainly by increased hydrocarbon output and vibrant services sector. Agriculture remained subdued, owing to security challenges and sliding productivity. Real GDP is expected to expand by 3.4 percent in 2025, supported by the new domestic refinery, higher oil production and robust services. Against a complex and uncertain external environment, medium-term growth is projected to hover around 3½ percent, supported by domestic reform gains.

      Gross and net international reserves increased in 2024, with a strong current account surplus and improved portfolio inflows. Reforms to the fx market and foreign exchange interventions have brought stability to the naira.

      Naira stabilization and improvements in food production brought inflation to 23.7 percent year-on-year in April 2025 from 31 percent annual average in 2024 in the backcasted rebased CPI index released by the Nigerian Bureau of Statistics. Inflation should decline further in the medium-term with continued tight macroeconomic policies and a projected easing of retail fuel prices.

      Fiscal performance improved in 2024. Revenues benefited from naira depreciation, enhanced revenue administration and higher grants, which more-than-offset rising interest and overheads spending.

      Downside risks have increased with heightened global uncertainty. A further decline in oil prices or increase in financing costs would adversely affect growth, fiscal and external positions, undermine financial stability and exacerbate exchange rate pressures. A deterioration of security could impact growth and food insecurity.

      Executive Board Assessment2

      Executive Directors agreed with the thrust of the staff appraisal. They commended the authorities on the successful implementation of significant reforms during the past two years and welcomed the associated gains in macroeconomic stability and resilience. As these gains have yet to benefit all Nigerians, and with heightened economic uncertainty and significant downside risks, Directors emphasized the importance of agile policy making to safeguard and enhance macroeconomic stability, creating enabling conditions to boost growth, and reducing poverty.

      Directors agreed that the Central Bank of Nigeria is appropriately maintaining a tight monetary policy stance, which should continue until disinflation becomes entrenched. They welcomed the discontinuation of deficit monetization and ongoing efforts to strengthen central bank governance to set the institutional foundation for inflation targeting. Directors also welcomed steps taken by the authorities to build reserves and support market confidence and praised reforms to the foreign exchange market that supported price discovery and liquidity. They called for implementation of a robust foreign exchange intervention framework focused on containing excess volatility, stressing that the exchange rate is an important shock absorber. Directors also agreed with staff’s call to phase out existing capital flow management measures in a properly timed and sequenced manner.

      Directors called for a neutral fiscal stance to safeguard macroeconomic stabilization with priority given to investments that enhance growth. Directors also called for accelerating the delivery of cash transfers to assist the poor. They commended the authorities on advancing the tax reform bill, an important step towards enhancing revenue mobilization and creating fiscal space for development spending, while preserving debt sustainability.

      Directors recognized actions to strengthen the banking system, including the ongoing process of increasing banks’ minimum capital. They welcomed the authorities’ efforts to boost financial inclusion and promote capital market development, while emphasizing the importance of moving to a robust risk‑based supervision for mortgage and consumer lending schemes as well as the fintech and crypto sectors. Directors welcomed progress made in strengthening the AML/CFT framework and stressed the importance of resolving remaining weaknesses to exit the FATF grey list.

      To lift Nigeria’s growth outlook, improve food security, and reduce fragility, Directors highlighted the importance of tackling security, red tape, agricultural productivity, infrastructure gaps, including boosting electricity supply, as well as improved health and education spending, and making the economy more resilient to climate events. They noted that addressing structural impediments to private credit extension is also needed to support growth. Directors welcomed the IMF’s capacity development to support authorities’ reform efforts and agreed that enhancing data quality is critical for sound, data‑driven policymaking.

      Table 1. Nigeria: Selected Economic and Financial Indicators, 2023–26

      2023

      2024

      2025

      2026

      5/8/2025 13:03

      Act.

      Est.

      Proj.

      Proj.

       National income and prices

      Annual percentage change

      (unless otherwise specified)

      Real GDP (at 2010 market prices)

      2.9

      3.4

      3.4

      3.2

      Oil GDP

      -2.2

      5.5

      4.9

      2.3

      Non-oil GDP

      3.2

      3.3

      3.3

      3.3

      Non-oil non-agriculture GDP

      3.9

      4.1

      3.7

      3.7

      Production of crude oil (million barrels per day)

      1.5

      1.5

      1.7

      1.7

      Nominal GDP at market prices (trillions of naira)

      234

      277

      320

      367

      Nominal non-oil GDP (trillions of naira)

      221

      260

      303

      351

      Nominal GDP per capita (US$)

      1,597

      806

      836

      887

      GDP deflator

      12.6

      14.5

      11.4

      11.4

      Consumer price index (annual average)

      24.7

      31.4

      24.0

      23.0

      Consumer price index (end of period)

      28.9

      15.4

      23.0

      18.0

      Investment and savings

      Percent of GDP

      Gross national savings

      31.8

      39.6

      37.5

      37.7

      Public

      -0.1

      3.9

      2.2

      1.7

      Private

      31.9

      35.7

      35.3

      36.1

      Investment

      30.0

      30.4

      30.5

      33.1

      Public

      3.2

      4.8

      5.4

      5.5

      Private

      26.8

      25.6

      25.1

      27.6

      Consolidated government operations

      Percent of GDP

      Total revenues and grants

      9.8

      14.4

      14.2

      13.8

      Of which: oil and gas revenue

      3.3

      4.1

      5.1

      4.9

      Of which: non-oil revenue

      5.8

      9.2

      8.8

      8.8

      Total expenditure and net lending

      13.9

      17.1

      18.9

      18.7

      Overall balance

      -4.2

      -2.6

      -4.7

      -4.9

      Non-oil primary balance

      -4.9

      -4.9

      -7.2

      -6.9

      Public gross debt1

      48.7

      52.9

      52.0

      50.8

      Of which: FX denominated debt

      18.1

      25.5

      25.8

      24.8

      FGN interest payments (percent of FGN revenue)

      83.8

      41.1

      47.3

      49.2

      Money and credit

      Contribution to broad money growth
      (unless otherwise specified)

      Broad money (percent change; end of period)

      51.9

      42.7

      17.9

      22.3

      Net foreign assets

      10.5

      30.4

      2.1

      7.2

      Net domestic assets

      41.3

      12.3

      15.8

      15.1

           Of which: Claims on consolidated government

      20.1

      -11.9

      6.2

      4.1

      Credit to the private sector (y/y, percent)

      53.6

      30.1

      17.9

      18.2

      Velocity of broad money (ratio; end of period)

      2.7

      3.3

      2.2

      2.1

      External sector

      Annual percentage change

      (unless otherwise specified)

      Current account balance (percent of GDP)

      1.8

      9.2

      7.0

      4.6

      Exports of goods and services

      -12.8

      -4.5

      -6.0

      1.3

      Imports of goods and services

      -4.4

      -0.8

      -6.8

      8.4

      Terms of trade

      -6.1

      -0.6

      -7.4

      -3.3

      Price of Nigerian oil (US$ per barrel)

      82.3

      79.9

      67.7

      63.3

      External debt outstanding (US$ billions)2

      102.9

      102.2

      105.9

      110.2

      Gross international reserves (US$ billions, CBN definition)3

      33.2

      40.2

      36.4

      39.1

      Equivalent months of prospective imports of G&S

      5.4

      5.7

      7.5

      7.7

      Memorandum items:

        Implicit fuel subsidy (percent of GDP)

      0.8

      2.1

      0.0

      0.0

      Sources: Nigerian authorities; and IMF staff estimates and projections.

      1 Gross debt figures for the Federal Government and the public sector include overdrafts from the Central Bank of Nigeria (CBN).

                                             

      2 Includes both public and private sector.

                                             

      3 Based on the IMF definition, the gross international reserves were US$8 billion

       lower in December 2024.

                                                                 

      1 Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. Staff hold separate annual discussions with the regional institutions responsible for common policies in four currency unions—the Euro Area, the Eastern Caribbean Currency Union, the Central African Economic and Monetary Union, and the West African Economic and Monetary Union. For each of the currency unions, staff teams visit the regional institutions responsible for common policies in the currency union, collects economic and financial information, and discusses with officials the currency union’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis of discussion by the Executive Board. Both staff’s discussions with the regional institutions and the Board discussion of the annual staff report will be considered an integral part of the Article IV consultation with each member.

      2 At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm. The Executive Board takes decisions under its lapse-of-time procedure when the Board agrees that a proposal can be considered without convening formal discussions.

      IMF Communications Department
      MEDIA RELATIONS

      PRESS OFFICER: Julie Ziegler

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

      https://www.imf.org/en/News/Articles/2025/07/01/pr-25231-nigeria-imf-staff-completes-2025-article-iv-mission

      MIL OSI

      MIL OSI Russia News

    • MIL-OSI Video: Minister Khumbudzo Ntshavheni and Deputy Minister Nonceba Mhlauli present the Stats SA budget vote

      Source: Republic of South Africa (video statements)

      Minister in the Presidency Khumbudzo Ntshavheni and Deputy Minister Nonceba Mhlauli present the Statistics South Africa budget vote

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

      MIL OSI Video

    • MIL-OSI: XRP News:Limited-Time 8000 XRP Free Reward FINDMINING CEO Announces Major Giveaway for 2025

      Source: GlobeNewswire (MIL-OSI)

      Atherton, California, July 02, 2025 (GLOBE NEWSWIRE) — To celebrate FINDMINING’s further expansion into the U.S. and U.K. markets in 2025, FINDMINING is launching a limited-time free reward campaign for XRP enthusiasts worldwide — every registered member has the chance to receive up to 8000 XRP for free. There are only 985 spots left, so act fast — first come, first served!

      No hardware needed, no technical barrier — mine anytime, anywhere
      With its efficient and legitimate cloud mining service, FINDMINING has become a leading company that cannot be ignored in the industry. Users don’t need to buy expensive mining rigs or have professional skills — all you need is a mobile phone or computer to start your green energy cloud mining journey anytime, anywhere, and easily earn considerable returns.

      Recently, the FINDMINING CEO told Reuters: “We are committed to upholding the legitimacy, security, and transparency of the blockchain industry and to building a trustworthy mining platform for users worldwide. Today, more and more crypto enthusiasts from the U.S., U.K., and Europe are joining FINDMINING, setting off a new wave of green energy cloud mining.”

      Chosen by over 9.4 million members worldwide

      As a regulated green energy cloud mining company, FINDMINING relies on cutting-edge technology and strict security measures. It has already attracted more than 9.4 million registered members from 175 countries, operating over 1.32 million mining devices. For crypto beginners, FINDMINING is an ideal choice, providing every user with a safe, convenient, and efficient investment environment.

      Register now to claim your 8000 XRP reward: Register Here

      What is Green Energy Cloud Mining?
      Green energy cloud mining uses mining rigs powered by renewable energy sources such as wind, solar, and hydro power. FINDMINING is one of the industry’s pioneers in applying renewable energy on a large scale, committed to delivering sustainable green mining solutions for the future.

      Trusted by real users worldwide
      Many long-term users have praised FINDMINING. A veteran member, Chakraborty, who joined in 2018, shared: “I’ve invested in several cloud mining platforms, but only FINDMINING has stood the test of time and continues to operate smoothly. I’m glad my friend recommended it to me back then, and now I recommend it to even more people.”

      Safe and reliable with guaranteed funds
      FINDMINING is legally authorized by the U.K. government. The platform uses distributed cold wallet storage, multiple bank custodians (including UBS Switzerland), SSL encryption, and other security measures to fully protect users’ crypto assets, meeting military-grade protection standards.

      Simple operation — perfect for beginners
      FINDMINING’s interface is clean and user-friendly, making it easy for anyone to get started without any technical know-how. Statistics show that every day, many XRP, BTC, SOL, and other crypto holders easily earn over 8000 XRP and more passive income through FINDMINING.

      24/7 customer support & instant transactions
      FINDMINING offers 24/7 online customer support and instant deposit and withdrawal services. Its funds reach your account at industry-leading speeds — even within seconds — making the whole process truly hassle-free.

      Flexible mining contracts for different needs

      Whether you’re a beginner or an experienced investor, you can flexibly choose the right hashrate contract based on your needs to easily secure stable returns.

      Your path to wealth starts with FINDMINING
      If you’re looking for a legal, transparent, and easy-to-operate investment opportunity, FINDMINING is undoubtedly your ideal choice. Register your FINDMINING account today, claim your limited-time 8000 XRP reward, and start your journey to wealth!

      Official Website: https://findmining.com

      Attachment

      The MIL Network

    • MIL-OSI: XRP News:Limited-Time 8000 XRP Free Reward FINDMINING CEO Announces Major Giveaway for 2025

      Source: GlobeNewswire (MIL-OSI)

      Atherton, California, July 02, 2025 (GLOBE NEWSWIRE) — To celebrate FINDMINING’s further expansion into the U.S. and U.K. markets in 2025, FINDMINING is launching a limited-time free reward campaign for XRP enthusiasts worldwide — every registered member has the chance to receive up to 8000 XRP for free. There are only 985 spots left, so act fast — first come, first served!

      No hardware needed, no technical barrier — mine anytime, anywhere
      With its efficient and legitimate cloud mining service, FINDMINING has become a leading company that cannot be ignored in the industry. Users don’t need to buy expensive mining rigs or have professional skills — all you need is a mobile phone or computer to start your green energy cloud mining journey anytime, anywhere, and easily earn considerable returns.

      Recently, the FINDMINING CEO told Reuters: “We are committed to upholding the legitimacy, security, and transparency of the blockchain industry and to building a trustworthy mining platform for users worldwide. Today, more and more crypto enthusiasts from the U.S., U.K., and Europe are joining FINDMINING, setting off a new wave of green energy cloud mining.”

      Chosen by over 9.4 million members worldwide

      As a regulated green energy cloud mining company, FINDMINING relies on cutting-edge technology and strict security measures. It has already attracted more than 9.4 million registered members from 175 countries, operating over 1.32 million mining devices. For crypto beginners, FINDMINING is an ideal choice, providing every user with a safe, convenient, and efficient investment environment.

      Register now to claim your 8000 XRP reward: Register Here

      What is Green Energy Cloud Mining?
      Green energy cloud mining uses mining rigs powered by renewable energy sources such as wind, solar, and hydro power. FINDMINING is one of the industry’s pioneers in applying renewable energy on a large scale, committed to delivering sustainable green mining solutions for the future.

      Trusted by real users worldwide
      Many long-term users have praised FINDMINING. A veteran member, Chakraborty, who joined in 2018, shared: “I’ve invested in several cloud mining platforms, but only FINDMINING has stood the test of time and continues to operate smoothly. I’m glad my friend recommended it to me back then, and now I recommend it to even more people.”

      Safe and reliable with guaranteed funds
      FINDMINING is legally authorized by the U.K. government. The platform uses distributed cold wallet storage, multiple bank custodians (including UBS Switzerland), SSL encryption, and other security measures to fully protect users’ crypto assets, meeting military-grade protection standards.

      Simple operation — perfect for beginners
      FINDMINING’s interface is clean and user-friendly, making it easy for anyone to get started without any technical know-how. Statistics show that every day, many XRP, BTC, SOL, and other crypto holders easily earn over 8000 XRP and more passive income through FINDMINING.

      24/7 customer support & instant transactions
      FINDMINING offers 24/7 online customer support and instant deposit and withdrawal services. Its funds reach your account at industry-leading speeds — even within seconds — making the whole process truly hassle-free.

      Flexible mining contracts for different needs

      Whether you’re a beginner or an experienced investor, you can flexibly choose the right hashrate contract based on your needs to easily secure stable returns.

      Your path to wealth starts with FINDMINING
      If you’re looking for a legal, transparent, and easy-to-operate investment opportunity, FINDMINING is undoubtedly your ideal choice. Register your FINDMINING account today, claim your limited-time 8000 XRP reward, and start your journey to wealth!

      Official Website: https://findmining.com

      Attachment

      The MIL Network

    • MIL-OSI Russia: Hunchun checkpoint welcomed the first group of auto tourists from Russia this year

      Translation. Region: Russian Federal

      Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

      CHANGCHUN, July 2 (Xinhua) — A group of 16 Russian tourists crossed the state border at Hunchun Port in northeast China’s Jilin Province on Tuesday and set off on a car tour around China. They became the first group of Russian car tourists to arrive in China this year through this checkpoint on the Sino-Russian border.

      To make travel more convenient for foreign tourists, a one-stop service counter has been opened at the Hunchun checkpoint, offering services for obtaining a visa upon arrival at this border crossing, a temporary driver’s permit, a temporary vehicle license plate, and car insurance. It only takes 15 minutes for each incoming tourist to obtain this package of services.

      In addition, foreign travelers can apply for a visa on arrival on a special online platform and receive the relevant document at the border crossing.

      According to Wu Wei, a representative of a local travel agency, providing such public services on a one-stop basis will further promote the development of cross-border tourism between China and Russia.

      According to statistics, by the end of 2024, the incoming and outgoing tourist flow through the Hunchun checkpoint amounted to 667 thousand person-times. -0-

      MIL OSI Russia News

    • MIL-OSI: Crypto Losses Surpass $2.47 Billion in H1 2025, CertiK Report Reveals Alarming Rise in Phishing Attacks

      Source: GlobeNewswire (MIL-OSI)

      NEW YORK, July 02, 2025 (GLOBE NEWSWIRE) — CertiK, the world’s largest Web3 security service provider, released its Web3 security quarterly report, Hack3d, for Q2 and H1 2025, revealing that more than $2.47 billion has been lost to hacks, scams, and exploits in the first half of the year alone. The findings suggest that the crypto space remains a high-stakes environment for both users and projects as new threats emerge and evolve.

      According to the report, $801 million in losses were recorded in Q2, bringing H1 totals more than to the entire sum lost in 2024. When accounting only for confirmed, unrecovered losses (excluding whitehat returns and frozen funds), 2025 has already surpassed last year’s adjusted figure of $1.98 billion, with $2.29 billion in net losses.

      While this upward trend raises concerns, the report highlights that two major incidents in 2025 alone accounted for nearly $1.78 billion of these losses. Absent those outliers, industry losses would total just $690 million, indicating a more nuanced risk landscape.

      One of the most significant shifts in Q2 was the rise of phishing as the most costly attack vector, with more than $395 million lost—surpassing phishing-related losses in the same period last year. Meanwhile, private key compromise incidents have continued to decline, and code exploits remain within historical norms, with a notable incident involving Cetus Protocol.

      Additionally, CertiK’s Hack3d report analyzes blockchains with the most exploits, the top three incidents of the quarter, general industry developments, and how users and protocols can boost their security.

      As retail users, institutions, and sovereign entities deepen their presence in Web3, CertiK emphasizes the growing need for preventative security, transparency, and real-time monitoring.

      Hack3d serves as an essential resource and record of statistics for understanding security challenges and vulnerabilities in the Web3 space. It equips stakeholders with the knowledge and insights needed to fortify their defenses and make informed decisions in an increasingly high-stakes environment.

      About CertiK

      CertiK is the largest Web3 security services provider, utilizing industry-leading formal verification technology to protect and monitor blockchain protocols and smart contracts. Founded in December 2017 by professors from Yale University and Columbia University, CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.

      The MIL Network

    • MIL-OSI Europe: EU’s Climate Law presents a new way to get to 2040

      Source: EuroStat – European Statistics

      European Commission Press release Brussels, 02 Jul 2025 The European Commission today proposed an amendment to the EU Climate Law, setting a 2040 EU climate target of 90% reduction in net greenhouse gas (GHG) emissions, compared to 1990 levels, as requested by the Commission Political Guidelines for 2024-2029.

      MIL OSI Europe News

    • MIL-OSI Asia-Pac: May retail sales up 2.4%

      Source: Hong Kong Information Services

      The value of total retail sales in May, provisionally estimated at $31.3 billion, was up 2.4% compared with the same month in 2024, the Census & Statistics Department announced today.

      After netting out the effect of price changes over the same period, the provisional estimate for the month was 1.9% higher year-on-year.

      Of the total retail sales figure for the month, online sales accounted for 8.3%. Provisionally estimated at $2.6 billion, the value of online retail sales increased 0.3% compared with a year earlier.

      Meanwhile, the value of sales of “other consumer goods not elsewhere classified” increased by 8.9%.

      There were also increases in the value of sales in the following categories: commodities in supermarkets (+1.3%); apparel (+0.4%); food, alcoholic drinks and tobacco (+2.8%); commodities in department stores (+6.3%); medicines and cosmetics (+8.7%); electrical goods and other consumer durable goods not elsewhere classified (+0.9%); motor vehicles and parts (+2.7%); books, newspapers, stationery and gifts (+1.6%); and optical items (+1.4%).

      By contrast, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 3.2% for the period. Also down were sales of fuels (-6.9%); footwear, allied products and other clothing accessories (-0.1%); furniture and fixtures (-12%); and Chinese drugs and herbs (-2.2%).

      The Government said that retail sales performance saw improvement in May. While the retail sector continues to adapt to the changes in consumption patterns, the Government’s proactive efforts in promoting tourism and mega events, in tandem with the increase in employment earnings and sustained steady growth of the Mainland economy, will help bolster consumption sentiment and support the consumption market.

      MIL OSI Asia Pacific News

    • MIL-OSI Asia-Pac: Provisional statistics of retail sales for May 2025

      Source: Hong Kong Government special administrative region

           The Census and Statistics Department (C&SD) released the latest figures on retail sales today (July 2).

           The value of total retail sales in May 2025, provisionally estimated at $31.3 billion, increased by 2.4% compared with the same month in 2024. The revised estimate of the value of total retail sales in April 2025 decreased by 2.3% compared with a year earlier. For the first 5 months of 2025 taken together, it was provisionally estimated that the value of total retail sales decreased by 4.0% compared with the same period in 2024.

           Of the total retail sales value in May 2025, online sales accounted for 8.3%. The value of online retail sales in that month, provisionally estimated at $2.6 billion, increased by 0.3% compared with the same month in 2024. The revised estimate of online retail sales in April 2025 decreased by 3.7% compared with a year earlier. For the first 5 months of 2025 taken together, it was provisionally estimated that the value of online retail sales decreased by 1.7% compared with the same period in 2024.

           After netting out the effect of price changes over the same period, the provisional estimate of the volume of total retail sales in May 2025 increased by 1.9% compared with a year earlier. The revised estimate of the volume of total retail sales in April 2025 decreased by 3.3% compared with a year earlier. For the first 5 months of 2025 taken together, the provisional estimate of the total retail sales decreased by 5.5% in volume compared with the same period in 2024.

           Analysed by broad type of retail outlet in descending order of the provisional estimate of the value of sales and comparing May 2025 with May 2024, the value of sales of other consumer goods not elsewhere classified increased by 8.9%. This was followed by sales of commodities in supermarkets (+1.3% in value); wearing apparel (+0.4%); food, alcoholic drinks and tobacco (+2.8%); commodities in department stores (+6.3%); medicines and cosmetics (+8.7%); electrical goods and other consumer durable goods not elsewhere classified (+0.9%); motor vehicles and parts (+2.7%); books, newspapers, stationery and gifts (+1.6%); and optical shops (+1.4%).

           On the other hand, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 3.2% in May 2025 over a year earlier. This was followed by sales of fuels (-6.9% in value); footwear, allied products and other clothing accessories (-0.1%); furniture and fixtures (-12.0%); and Chinese drugs and herbs (-2.2%).

           Based on the seasonally adjusted series, the provisional estimate of the value of total retail sales increased by 4.1% in the three months ending May 2025 compared with the preceding three-month period, while the provisional estimate of the volume of total retail sales increased by 7.0%.

      Commentary

           A government spokesman said that retail sales performance saw improvement in May 2025. The value of total retail sales turned to a year-on-year increase of 2.4%. On a seasonally adjusted basis, the value of total retail sales increased by 7.0% over the preceding month. 

           Looking ahead, the spokesman said that while the retail sector continues to adapt to the changes in consumption patterns, the Government’s proactive efforts in promoting tourism and mega events, in tandem with the increase in employment earnings and sustained steady growth of the Mainland economy, will help bolster consumption sentiment and support the consumption market.

      Further information

           Table 1 presents the revised figures on value index and value of retail sales for all retail outlets and by broad type of retail outlet for April 2025 as well as the provisional figures for May 2025. The provisional figures on the value of retail sales for all retail outlets and by broad type of retail outlet as well as the corresponding year-on-year changes for the first 5 months of 2025 taken together are also shown.

           Table 2 presents the revised figures on value of online retail sales for April 2025 as well as the provisional figures for May 2025. The provisional figures on year-on-year changes for the first 5 months of 2025 taken together are also shown.

           Table 3 presents the revised figures on volume index of retail sales for all retail outlets and by broad type of retail outlet for April 2025 as well as the provisional figures for May 2025. The provisional figures on year-on-year changes for the first 5 months of 2025 taken together are also shown.

           Table 4 shows the movements of the value and volume of total retail sales in terms of the year-on-year rate of change for a month compared with the same month in the preceding year based on the original series, and in terms of the rate of change for a three-month period compared with the preceding three-month period based on the seasonally adjusted series.

           The classification of retail establishments follows the Hong Kong Standard Industrial Classification (HSIC) Version 2.0, which is used in various economic surveys for classifying economic units into different industry classes.

           These retail sales statistics measure the sales receipts in respect of goods sold by local retail establishments and are primarily intended for gauging the short-term business performance of the local retail sector. Data on retail sales are collected from local retail establishments through the Monthly Survey of Retail Sales (MRS). Local retail establishments with and without physical shops are covered in MRS and their sales, both through conventional shops and online channels, are included in the retail sales statistics.

           The retail sales statistics cover consumer spending on goods but not on services (such as those on housing, catering, medical care and health services, transport and communication, financial services, education and entertainment) which account for over 50% of the overall consumer spending. Moreover, they include spending on goods in Hong Kong by visitors but exclude spending outside Hong Kong by Hong Kong residents. Hence they should not be regarded as indicators for measuring overall consumer spending.

           Users interested in the trend of overall consumer spending should refer to the data series of private consumption expenditure (PCE), which is a major component of the Gross Domestic Product published at quarterly intervals. Compiled from a wide range of data sources, PCE covers consumer spending on both goods (including goods purchased from all channels) and services by Hong Kong residents whether locally or abroad. Please refer to the C&SD publication “Gross Domestic Product by Expenditure Component” for more details.

           More detailed statistics are given in the “Report on Monthly Survey of Retail Sales”. Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080003&scode=530).

           Users who have enquiries about the survey results may contact the Distribution Services Statistics Section of the C&SD (Tel: 3903 7400; E-mail: mrs@censtatd.gov.hk).

      MIL OSI Asia Pacific News