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Global leaders in ocean research to gather in Newfoundland and Labrador

Africa - INTER PRESS SERVICE - Wed, 05/17/2023 - 10:33

By Greg Hanna
May 17 2023 (IPS)

 
An impressive list of cutting-edge ocean researchers from across Canada are set to gather at the Ocean Frontier Institute’s (OFI) researchers’ conference.

Held biennially, this year’s conference will take place from May 23-27 in St. John’s, Newfoundland and Labrador.

The conference serves as a platform to showcase advancements in ocean science, share new research data and discoveries, identify gaps and opportunities in our understanding of the ocean, engage with colleagues, and showcase their work to both the scientific community and the wider public.

Researcher collecting samples in the Atlantic

Featured projects include those funded through the 2016 Canada First Research Excellence Fund (CFREF),which is administered by OFI. Over the years, OFI has supported a portfolio of24 large research projects, 127 Seed Fund projects, and seven Opportunities Fund projects – all dedicated to ocean research and training.

This research has provided crucial scientific frameworks for the development of ocean policy and innovation.

Covering a wide range of ocean studies, the research projects undertaken so far have delved into various areas, including ocean observations, sustainable fisheries, environmental protection, governance, data management, and more. A comprehensive overview of these research achievements can be found in the recently released OFI Community Report.

While the Community Report sheds light on the remarkable accomplishments supported by OFI, the gathering in Newfoundland offers an opportunity to delve deeper into the work of these researchers.

Students doing research out in the field

This year, the research conference is being held in conjunction with OFI’s Seed Fund Day, which presents a valuable chance for ocean-related Seed Fund projects to showcase their innovative work and identify new opportunities for collaboration.

For a full conference agenda, visit this webpage.

For details on applying to the Seed Fund, visit this webpage.

Categories: Africa

The End of Dollar Supremacy

Africa - INTER PRESS SERVICE - Wed, 05/17/2023 - 08:36

The US dollar's supremacy in the international financial system has long been beyond question. But countries like Brazil are attempting to break away.

By Monica Hirst and Juan Gabriel Tokatlian
RIO DE JANEIRO, Brazil / BUENOS AIRES, Argentina, May 17 2023 (IPS)

Half a century ago, the dominance of the United States dollar in the international finance and trade system was indisputable.

By 1977, the US dollar reached a peak of 85 per cent as the prevailing currency in foreign exchange reserves; in 2001, this position was still around 73 per cent. But today, it is at approximately 58 per cent.

The dominance of the dollar and the hegemonic position of the United States have for long been intertwined. And the recent global transformations are affecting American’s ability to sustain this: the gradual movement of the centre of gravity from the West to the East, the unravelling complexities of US domestic politics, the growing muscle of the international projection of China and an international assertiveness among the countries of the Global South have restrained the American dollar’s supremacy and status.

And yet, the currency still holds by far the largest share of global trade, foreign exchange transactions, SWIFT payments and debt issued outside the United States. In fact, Western financial agents, government officials and renowned experts tend to downplay the so-called de-dollarization arguing that a relatively debilitated dollar doesn’t necessarily mean its demise.

Notwithstanding controversial standpoints, it is undeniable that the world system faces more complex, diverse and plural challenges that involve currency competition and new inventive financial pathways.

Resistance against the US Dollar

The so-called de-dollarization in global finance has its landmarks. The launch of the Euro in 1999 was crucial since the European currency, by now, represents 20 per cent of the global foreign exchange reserves. By the dawn of the 21st century, an Asian Currency Unit came to life as well: it represented a salad bowl of 13 currencies from East Asian nations (ASEAN 10 plus Japan, China and South Korea).

Along with the successful spill overs of economic regionalisation, Western-led geopolitics also came to be a source of global financial novelties that affected the US dollar’s pre-eminence.

The growing recourse to a sanction regime against countries such as Iran, especially since 2006, and Russia after the 2014 annexation of Crimea, encouraged alternative currency arrangements. As of today, Washington’s sanctions policy punishes 22 nations.

The invasion of Ukraine by Russia in 2022 and the extension of sanctions hampering the use of the US dollar encouraged even more de-dollarized practices. In response to the decision to disconnect Russia from SWIFT, Moscow advanced bilateral fuel transactions with partial payment in Rubles.

Simultaneously, Russia and a group of African countries initiated talks to establish settlements in national currencies, discontinuing both the US dollar and the Euro. Meanwhile, China is trying to insulate itself from the West and is attempting to internationalise the Renminbi, even though it represents less than 3 per cent of the official reserves worldwide.

Moscow and Beijing are coming closer in terms of financial cooperation, France and Saudi Arabia agreed to use the Renminbi in certain oil and gas deals, while Bangladesh became the 19th country to commerce with India in Rupees.

Last but not least, a gold rush is also picking up. As Ruchir Sharma has recently observed, key buyers are now central banks, which are procuring ‘more tons of gold now than at any time since data begins in 1950 and currently account for a record 33 per cent of monthly global demand for gold […] and 9 of the top 10 are in the developing world.’

Besides, some African nations seem willing to trade in currencies backed by rare-earth metals. In the Global South, in fact, there is a growing perception that de-dollarization is a step towards a multipolar world in which new actors, interests and rules interplay. In that sense, it is becoming evident that a multi-currency trading regime is slowly emerging.

How Brazil ‘de-dollarizes’

De-dollarization has been included in Brazil’s foreign policy strategy. Since the inauguration of his third mandate, President Lula da Silva rapidly disclosed the intention of overcoming his discrepancies with Western rule-setting. An adjourned narrative that contests the Global North’s preponderance in the World Order has resurfaced.

Demands for inclusive reforms in global governance, the condemnation of geopolitical worldviews leading to securitised methods and military escalation, and the questioning of the Dollar’s dominance in international trade and finance have arisen. In the present context of tensions and rivalries between the Great Powers, Brazil strives to speak of an autonomous voice of the Global South.

And thus, Lula has tried to promote peace in Ukraine on the basis of negotiations that recognise the voices of all parties involved in the war.

Lula’s de-dollarization standing has been stimulated by Brazil’s association with the BRICS, as well as its expanded bilateralism with China. The continuously record-breaking Brazilian-Chinese trade relationship reached a peak of $150,5 bn in 2022 (while the Russia-China trade relationship for the same year was $190,2 bn).

As bilateral ties are expanding further, during Lula’s recent state visit to China, novel settlements are being negotiated, aiming to put trade and financial operations on track directly with Chinese Renminbi and Brazilian Reais.

Concurrently, the Brazilian government has decided to use the New Development Bank (NDB), the BRICS’ multilateral bank, as a platform to defend a de-dollarized trade system among its members and with the countries that benefit from NDB credit lines.

By positioning former Brazilian President Dilma Rousseff as the head of the bank, Lula has upgraded the Brazilian political commitment to this frontline. Most certainly, this will become a reiterated pledge in Brazil’s performance in global governance arenas, with mention to its 2024 presidency of the G20.

It is remarkable how the Lula government has sought a prudent strategy balancing its anti-dollar hegemony signals among its BRICS partners with a constructive presence in a dollar-dominating terrain such as the Interamerican Development Bank (IDB).

By holding the presidency of the IDB since last December, supporting the candidacy of Brazilian ex-IMF official Illan Goldfajn, Brazil has stretched its footprint in international finance from Washington to Shanghai.

Beyond Brazil

Brazil has made a first attempt to bring in the de-dollarization card to its South American neighbourhood, particularly together with Argentina. Last February, bilateral talks took off to begin working on a common currency project that could reduce reliance on the US dollar. This could mean ingraining de-dollarization within the MERCOSUR area.

Following Brazil’s example, Argentina has started to consider the use of the Renminbi in its trade with Beijing. For Brazil, these are moves that could, step-by-step, lead to a regional financial terrain with relative distance from US dollar dominance. However, ongoing macroeconomic turbulences in Argentina, together with an extremely low level of foreign exchange reserves, will surely obstruct these plans in the short term.

Besides, more than two will be needed to tango. If a sustained economic recovery of Argentina takes place, Brazil will need to assure the support of extra-regional, heavyweight, non-Western actors, particularly China and India, in investment and trade flows to trigger a renewed insertion of MERCOSUR into the world economy.

De-dollarization could become a part, among others, of a dynamic reconfiguration of financial and productive intersections of Brazil and its neighbours with other regions and economic powerhouses of the global economy. Needless to say, this is a long-term strategy. The key consideration is the role of South America, that, in the near future, may play into the promotion of a multi-currency trading regime.

For now, while a strident flag of Lula’s presidential diplomacy, Brazilian ties with the US Dollar can be reduced but remain of unquestionable relevance. Decision-making in Brazil is conducted by a complex inter-ministerial web responsible for the states’ international sector that cannot avoid the influence of key production segments in the private sector.

Thus, transforming the Brazilian international financial modus operandi will depend on major accommodations that cannot overlook a broad domestic negotiation process, particularly if conjoined with the strengthening of democracy.

Monica Hirst is a research fellow at the National Institute for Science and Technology Studies in Brazil; Juan Gabriel Tokatlian is Provost at the Torcuato Di Tella University, Buenos Aires, Argentina.

Source: International Politics and Society (IPS), published by the Global and European Policy Unit of the Friedrich-Ebert-Stiftung, Hiroshimastrasse 28, D-10785 Berlin.

IPS UN Bureau

 


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Categories: Africa

Eight in 10 South African children struggle to read by age of 10

BBC Africa - Wed, 05/17/2023 - 02:09
Eight in 10 students have issues with literacy, the lowest performance in a global study.
Categories: Africa

Why Somalia's once-banned boxing thrives in the former warzone

BBC Africa - Wed, 05/17/2023 - 01:02
Somalia's only official boxing club offers a haven for a group of young people in Mogadishu.
Categories: Africa

Hilda Baci: I cooked for 100 hours to put Nigeria on the map

BBC Africa - Tue, 05/16/2023 - 19:36
Nigerians cheer on chef Hilda Baci, who looks set to be a Guinness World Record holder.
Categories: Africa

Asante King asks British Museum to return gold to Ghana

BBC Africa - Tue, 05/16/2023 - 19:34
Asante King met with the British Museum's director on a recent visit to London.
Categories: Africa

Malawi hippo in deadly attack on packed river boat

BBC Africa - Tue, 05/16/2023 - 17:35
A one-year-old boy dies and 23 others are missing after the animal capsizes the vessel.
Categories: Africa

Women's football 'best opportunity' for Tanzania to play on global stage

BBC Africa - Tue, 05/16/2023 - 17:04
The first person to lead a Tanzanian side at a World Cup says the women's game is the nation's best shot at global success.
Categories: Africa

Taliban Reign of Terror of Flogging, Rape and Torture Instils Fear in Afghans

Africa - INTER PRESS SERVICE - Tue, 05/16/2023 - 15:16

Most women and children in Afghanistan are living in poverty and under a threat of violence.

By Anonymous
May 16 2023 (IPS)

In October 2021, Alia Azizi left her office in Herat province after receiving a phone call from a Taliban official and never returned home. She remains missing.

When her husband went looking for her, the Taliban told him to organize a Fatiha – a prayer meeting – for her instead, and warned him not to make noise about his wife’s disappearance in the media, according to Independent Farsi, a newspaper.

The response from the government was indication that she had been killed and due to fear of the Taliban, the family’s search for the missing woman was abandoned.

Women are routinely tortured and raped in detention centres but these go unreported because the Taliban has placed a ban on the media reporting on such crimes. For instance, there were signs of torture and rape on the bodies of two murdered teenagers when they were found

Similarly, a group of young girls were arrested in Mazar-e-Sharif for protesting against Taliban and nobody knows their whereabouts. The Taliban have unleashed a reign of terror on the people of Afghanistan since they seized power for the second time two years ago.

Women are routinely tortured and raped in detention centres but these go unreported because the Taliban has placed a ban on the media reporting on such crimes.

For instance, there were signs of torture and rape on the bodies of two murdered teenagers when they were found. One was 17-year-old Maryam from Balkh district, and the other was 14-year-old Golsar, from Andkhoi Faryab district. The Taliban maintains a deafening silence on the affair.

The Taliban have also organized mass public floggings in stadiums across the country viewed by hundreds of people. In these public floggings, even children can receive up to 60 lashes for committing petty theft.

In December last year, according to Salamwatamdar, a newspaper, the Taliban flogged 17 men and 10 women in Charikar stadium, Parwan Province, in the presence of hundreds of people.

This was confirmed by president of the appeals court in the province, Mohammad Qasim Mohammadi, who admitted that the victims were given up to 39 lashes for engaging in illicit relations and theft.

These public whippings, which are against international human rights law and not recognized in canonical law, go unreported because journalists are not allowed to video or take photos of these public events.

 

In the Charkar stadion of Parwan 27 people were flogged in December in front of hundreds of spectators. The information came from the judiciary of Parwan. Credit: Salam Watandar Network.

 

In spite of the wish of the Taliban to maintain a veil of secrecy over the atrocities, evidence do sometimes emerge. The Etilaatroz newspaper, for instance, has obtained an audio tape in which Maulvi Aminalhaq, head of the city court in Panjshir province, confirmed six members of the Taliban having sexually assaulted a woman.

“The allegation that the members of this group assaulted a woman in Khawak Panjshir is true,” Aminalhaq admits in the audio tape.

The case was investigated, and the men were arrested, according to Aminalhaq. Nevertheless, in the face of this evidence, the Taliban has maintained silence and nothing further is known about what happened to the perpetrators of the crime.

The government’s silent response is attributed to the exclusion of women in the cultural, social, and economic affairs of the country, according to experts in the country.

This treatment and the consequent lack of response is considered direct “Talibani” violence, which is quite unfortunate, observers say, with some lamenting, “woe to the voiceless voice of Afghan women”.

Excerpt:

The author is an Afghanistan-based female journalist, trained with Finnish support before the Taliban take-over. Her identity is withheld for security reasons.
Categories: Africa

Will COP28 Catch the Next Green Wave … Or Will It Wipe Out?

Africa - INTER PRESS SERVICE - Tue, 05/16/2023 - 13:33

UAE’s role as COP28 host will be judged on results. Will COP deliver an operational and meaningful loss and damage fund? Will it produce a global stocktake that invigorates international action? How will discussions on a new global finance goal shape up? And will Sultan Al Jaber’s overtures towards the private sector turn the steady trickle of pledges into a giant wave of action? Credit: Isaiah Esipisu/IPS

By Felix Dodds and Chris Spence
NEW YORK, May 16 2023 (IPS)

Perhaps one of the least well known among Dubai’s many attractions is surfing. Locals and visitors enjoy the sport at Sunset Beach and elsewhere, especially in winter. There is even an artificial wave pool where surfers can hone their skills. To some, the pool is just another example of the host country’s entrepreneurial outlook.

With COP28 on the horizon, the host government of the United Arab Emirates is once again promoting the virtues of business. In a recent interview with the Guardian media outlet, COP28 president-designate Sultan Al Jaber said the world needs a “business mindset” to tackle the climate crisis. What’s more, he laid out plans to use the COP to promote private sector goals as well as those for governments.

Will this focus on business signal a genuine new green wave, or will it wipe out? This article assesses the state of play and the host’s approach as we head into the official preparatory meetings taking place in Bonn, Germany, in June.

 

What was achieved at COP27?

To understand the situation, we need first to look at what happened at COP27. This is important not just in terms of the current landscape, but because the COP27 hosts, Egypt, technically continue to hold the presidency until COP28 officially starts on November 30th.

The main source of disappointment at COP27 was the absence of ambition on mitigation. There was a noteworthy lack of new and ambitious Nationally Determined Contributions (NDCs) from governments. What this means is that the critical needle has not shifted when it comes to keeping global warming to less than 1.5 Celsius, or even under 2C

While all incoming presidencies are incredibly active in the months leading up to the event they will host, the outgoing presidency has a role to play, too, and the quality of the relationship between the two governments is important.

For many UN insiders, COP27 exceeded expectations. Admittedly, expectations were not high, particularly since COP27 was viewed by many as an “in-between” COP rather than one with critical milestones of the sort that occur every few years. While all COPs matter, most insiders will tell you not all are equal in importance.

The COP in Sharm El-Sheikh had a menu of issues it was dealing with, but it was not one where, say, a new global agreement was expected (such as COP21 in Paris), or a global stock take was due (as will happen at COP28 later this year). There had been calls for governments to strengthen their Nationally Determined Contributions (pledges and commitments) at COP27, but few did.

The major achievement at COP27—and the reason the meeting exceeded expectations—was an agreement to establish a loss and damage fund to support vulnerable countries. Few anticipated such a positive outcome even a few weeks prior to the meeting.

Although the agreement on loss and damage did not include acceptance of historical responsibility, it was viewed as a big win for the Egyptian Presidency, small islands and other vulnerable states, as well as the Group of 77 developing countries, which in 2022 was under the presidency of Pakistan.

Under the terms of the agreement at COP27, the loss and damage fund will need to be operationalized at COP28 and a transitional committee is already working on this. In the world of multilateral diplomacy, this is an ambitious timeframe.

There was another positive development on a modest scale at COP27 on the Global Goal on Adaptation. Delegates agreed to “initiate the development of a framework” to be available for adoption in 2024. Meanwhile, on agriculture a new four-year process was agreed to carry on the work started under the Koronivia Joint Work on Agriculture. There is a sense now that agriculture and food security are gaining the attention they deserve in climate negotiations.

Outside the formal negotiations, many projects and alliances were advanced, including plans to accelerate the decarbonization of five major sectors: power, road transport, steel, hydrogen, and agriculture. Noteworthy initiatives included the launch of the Global Renewables Alliance, which brings together leaders from the wind, solar, hydropower, green hydrogen, long duration energy storage, and geothermal sectors.

 

Research released just before COP27 showed that the Global North is still not delivering on its commitment to provide $100 billion a year to the Global South. One silver lining to this dark cloud is that this goal may finally be reached in time for COP28. Still, that is three years too late. Credit: Shutterstock

 

What was not achieved at COP27?

The main source of disappointment at COP27 was the absence of ambition on mitigation. There was a noteworthy lack of new and ambitious Nationally Determined Contributions (NDCs) from governments.

What this means is that the critical needle has not shifted when it comes to keeping global warming to less than 1.5 Celsius, or even under 2C. According to the Climate Action Tracker, our long-term scenarios are still well above 2C under most scenarios, and as high as 3.4C under their most pessimistic estimate. This means things have not really improved since COP26.

What’s more, research released just before COP27 showed that the Global North is still not delivering on its commitment to provide $100 billion a year to the Global South. One silver lining to this dark cloud is that this goal may finally be reached in time for COP28. Still, that is three years too late.

Meanwhile, COP27 did less to clarify new rules for the global carbon market than many were hoping to see. While COP26 in Glasgow had provided more details about Paris Agreement Article 6 (which sets out a framework for international cooperation and carbon markets), more granular guidance is still needed.

Some fear that without more details on accountability and measurement, for instance in terms of carbon offsets, we could end up with a “wild west” when it comes to the markets.

There was also little progress in negotiations aimed at encouraging the phasedown of unabated coal power and phase out of inefficient fossil fuel subsidies. On the private sector side, while many companies have made net-zero targets, research suggests many do not have robust plans to deliver this, and there is uncertainty over how the private sector will use carbon offsets. Without greater clarity, this hyped-up “wave” of pledges from businesses around COP26 and before may end up a damp squib.

 

Looking to the Bonn climate conference

The political backdrop to the UN Bonn climate conference in June is complex. On the downside, governments are still emerging from the COVID pandemic and many are still focused on, and feeling the impact of, the war in Ukraine.

On the positive side, the cost of solar and wind continues to fall and European countries are moving more quickly because they want to be independent of Russian fossil fuels. Although others are taking advantage of Europe’s reduced demand to increase purchases of Russia’s fossil fuels at reduced prices, the growing focus on renewable energy in many countries should be seen as a positive overall in terms of climate mitigation.

With some major milestones coming up at COP28 later this year, the Bonn conference in June will give us some signals of how close we will be to delivering success in December.

 

Global Stocktake: UN climate negotiators are expected to take stock of progress on the Paris Agreement every five years. COP28 marks the culmination of the first “stocktake” and will be expected to shape and catalyze future action.

The stocktake has three phases. In the first phase, which started at COP26, information is collected and prepared from various sources to help assess progress. Phase 2, which started last year, includes in-person “technical dialogues” focused on mitigation, adaptation, and implementation. These will conclude in Bonn this June.

Finally, the stocktake will end at COP28 with a presentation of findings and discussions on how to respond. The Bonn meeting will therefore present an opportunity to take the pulse of these discussions. How robust have the technical dialogues been? Is there a surge of support from governments to make COP28 a major milestone for climate action? Bonn should provide clues about this.

 

Loss and Damage Fund: The transitional committee has been established and had its first meeting in Luxor, Egypt, in April. It will meet again in Bonn. Its role is to make recommendations on how to operationalize both the new funding arrangements and the fund at COP28. How are these discussions proceeding? Bonn should give some indications on progress, as well as potential areas of discord and disagreement.

 

Global Goal on Adaptation: With significant change already “baked in” to our climate system, effective adaptation will be critical. The Global Goal on Adaptation was agreed under the Paris Agreement and recognizes the need to build adaptive capacity, strengthen resilience and limit vulnerability.

Adaptation will be addressed in Bonn under both the Subsidiary Body for Implementation (SBI) and the Subsidiary Body for Scientific and Technological Advice (SBSTA). It also links to the work of the Sendai Framework for Disaster Risk Reduction 2015-2030, a related UN initiative which is having its “mid-term review” at UN Headquarters in New York from 18-19 May.

 

New Collective Quantified Goal on Climate Finance: The goal of providing $100 billion in support annually for the Global South by 2020 was originally set in 2009. Now it is up for review. Since that earlier goal was viewed as a “floor” rather than a ceiling, many are expecting more ambitious targets in future.

A new goal is supposed to be set before 2025, meaning COP29 in 2024 should mark the moment when a new number (or set of numbers) is agreed. Again, Bonn will mark a moment to assess how those conversations are going, especially given the wide differences in the type of dollar figures being bandied about by the Global North and Global South (many of whom are calling for trillions). Those following this topic can look to the 6th Technical Expert Dialogue, which is taking place in Bonn, to get a sense of progress.

 

Carbon Markets: As mentioned above, in spite of progress many are still hoping for more granular details on the carbon markets. This will be vital to curtail greenwashing with offsets.

 

Coalitions of the Willing: Sultan Al Jaber, the COP28 president-designate, recently highlighted the private sector’s role in combating climate change. In fact, all stakeholders will need to be fully engaged if we are to have any chance of staying withing 1.5C of warming. Voluntary coalitions of governments, the private sector and many others will be vital, especially when it comes to advancing issues where all 190+ governments that are party to the UN climate treaty and Paris Agreement are not yet ready or willing to agree.

Such voluntary initiatives offer considerable scope for those who want to move ahead. In turn, this has the potential to set precedents and entrench ideas that might be taken up by all governments in future formal UN negotiations. An example of this is the methane pledge, which involved some 50 countries reporting on progress at COP27. More should be looked for at COP28. Likewise, the Glasgow Financial Alliance for Net Zero, which has reportedly had some teething problems since its launch in 2021, will hopefully use COP28 as a moment to showcase progress and put its early difficulties behind it.

 

Will COP28 Launch a New Green Wave?

Eyebrows were raised when the United Arab Emirates was first named as host of COP28. Why, people asked, would a climate COP be held in an OPEC state? Furthermore, many wondered publicly whether Sultan Al Jaber, who is likely to preside over the meeting, should do so given his role as chief executive of UAE’s national oil company? Does this represent a conflict of interest?

These are fair questions that will only be fully answered by the COP and what it achieves. However, it is worth noting that the prospects of a fossil fuel-producing country hosting COP28 were always quite high.

As UN insiders know, the climate COPs are typically hosted on a rotating basis in each of the UN’s five “regional groups.” This time around, it was Asia-Pacific’s turn.

Many countries in this region, including more than a dozen small island nations, probably do not have the internal capacity to host an event of this magnitude. Of those that do, many—from Saudi Arabia to India, Indonesia to China, Iran to Australia—are fossil-fuel producers.

Furthermore, while Sultan Al Jaber has a history in the fossil-fuel industry, he has also been prominent in the UAE’s work on renewable energy and is the founding CEO and current Chair of Masdar, a UAE-owned renewable energy company. Depicting him simply as a fossil fuel “dinosaur” does not do justice to a more nuanced and complicated situation.

Ultimately, UAE’s role as COP28 host will be judged on results. Will COP deliver an operational and meaningful loss and damage fund? Will it produce a global stocktake that invigorates international action? How will discussions on a new global finance goal shape up? And will Sultan Al Jaber’s overtures towards the private sector turn the steady trickle of pledges into a giant wave of action?

Finally, will other stakeholders, like non-governmental organizations, be embraced and welcomed? We should also note the significance of appointing Razan Al Mubarak as UN Climate Change High-Level Champion for the COP28 Presidency, given she is also IUCN President and a former head of Abu Dhabi’s Environment Agency.

One early indicator in Bonn will be an expected update on COP28 logistics. This is likely to include more details on the “Blue Zone” (where negotiations are held and many stakeholders usually have pavilions and stalls). Will the Blue Zone offer easy access to all stakeholders? And how will the “Green Zone,” which at past COPs has been open to the public, operate?

Only time will tell if COP28 marks the start of a new green wave or ends in an unfortunate wipe out.

 

Professor Felix Dodds is Vice President of Multilateral Affairs, Rob and Melani Walton Sustainable Solutions Service (RMWSSS) at Arizona State University. He is also Adjunct Professor and Senior Fellow at the Global Research Institute, University of North Carolina, and Associate Fellow at the Tellus Institute, Boston.

Chris Spence is a consultant and advisor to a range of international organizations on climate change and sustainable development, as well as an award-winning writer. Spence and Dodds recently co-edited Heroes of Environmental Diplomacy: Profiles in Courage (Routledge, 2022).

Excerpt:

The hosts of COP28 are betting big on business and a private sector “mindset” to deliver a successful event. Are they right? Professor Felix Dodds and Chris Spence review the current state-of-play
Categories: Africa

Why Quality Seeds Are among the Most Valuable Currency in Climate Finance for Africa

Africa - INTER PRESS SERVICE - Tue, 05/16/2023 - 12:21

Joy of Marketing - Ethiopia. Credit: International Seed Federation

By Michael Keller
VAUD, Switzerland, May 16 2023 (IPS)

At long last, momentum is growing for an overdue rethink of climate finance and development assistance to support countries on the frontlines of the climate crisis.

But while investment, aid and compensation are all much needed, another form of currency is equally valuable for climate-vulnerable countries that are also highly dependent on small-scale agriculture: quality seeds.

The latest generation of seeds offers varieties adapted to specific climatic circumstances to provide more reliable food production, as well as improved incomes and livelihoods for farmers, having boosted productivity by 20 per cent for nine key crops in the European Union over 15 years.

Yet improved varieties of many of the world’s staple cereals, vegetables and pulses are too often inaccessible for farmers in Africa, despite having some of the greatest exposure to climate extremes.

For instance, in East Africa, certified quality seed potatoes – which produce higher yields and greater resilience to climatic changes, pests, and diseases – account for just one per cent of all those planted by farmers.

By leveraging the advances and resources of the commercial seed sector – supported and scaled by public and NGO partners – the global community can ensure African farmers receive the tangible, long-term support they need to cope with the impacts of climate change.

Michael Keller

To begin with, delivering the best varieties in combination with training in good agricultural practices for farmers can boost their yields and therefore incomes, allowing them to thrive despite the rising impact of climate change.

For example, non-profit Fair Planet coached more than 2,300 lead farmers in 65 Ethiopian villages and trained their regional extension agents in improved farming practices. With this training, farmers were able to quickly adopt and maximize their crop yields using locally tested and improved varieties of vegetables.

In total, some 75,000 smallholder farmers in the project’s regions subsequently tripled their vegetable production at a time when the Horn of Africa faced pressing food security challenges. As a result of an historic, ongoing drought, an estimated 22 million people are currently facing acute food insecurity across Ethiopia, Kenya, and Somalia.

According to an external evaluation, more than 95 per cent of households involved in Fair Planet’s work in Ethiopia – or roughly 485,000 people – benefitted from improved nutrition after the increased yields raised household incomes in just one production season by more than 25 per cent. This extra income provided farmers with a greater buffer against climate shocks, and more money to spend on health services and education for their families.

Opening up access to improved varieties of staple crops plays an important role in safeguarding food and nutrition security in the face of climate change, which could reduce levels of protein, iron and zinc in cereals by up to 10 per cent.

This is why the International Seed Federation (ISF), together with Fair Planet, is embarking on a five-year project to increase farmer choice of and access to quality seeds in Rwanda.

The aim is to benefit 84,000 Rwandan farmers by offering increased access to improved, high-quality vegetable, pulses, cereal, and potato varieties alongside downstream value chain projects training to support higher yields and incomes, and climate adaptation.

The final piece of the puzzle is to establish the policies and regulations needed to develop resilient and sustainable seed systems that benefit farmers. This requires policymakers to build an efficient and effective regulatory framework that provides reassurance to farmers that they are receiving the highest quality seed year after year, while also providing the long-term certainty likely to incentivize additional private sector investment.

Quality seeds are clearly the bedrock upon which productive and resilient farming systems are built, yet these technologies up to now remain out of reach for many of Africa’s farmers – one of the many significant challenges they face today.

By investing and collaborating to build resilient seed systems, the private sector can share more broadly the fruits of progress in global crop science through partnerships that ensure farmers receive seeds that are not only fit for purpose but fit for the future.

Improved seeds can then pay dividends by unlocking better productivity, incomes, and climate resilience for those on the frontlines who have for too long been underserved.

IPS UN Bureau

 


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Excerpt:

Michael Keller is Secretary General of International Seed Federation
Categories: Africa

Swell of support: Researchers and government leaders gather to celebrate Transforming Climate Action

Africa - INTER PRESS SERVICE - Tue, 05/16/2023 - 10:09

An event last Friday celebrating the Dal-led Transforming Climate Action research program featured expert panels. Credit: Nick Pearce

By Andrew Riley
May 16 2023 (IPS)

 
Dalhousie kicked off a new era of ocean and climate research last Friday (May 12) at the official launch of Transforming Climate Action, a Dal-led research program that aims to make Canada a global leader in climate science, innovation, and solutions by taking an ocean-first approach to the fight against climate change.

The event, hosted at Dalhousie’s Steele Ocean Science Building, gathered government partners, representatives from across the research program’s three partners institutions — Université du Québec à Rimouski, Université Laval, and Memorial University — private- and public-sector collaborators, and researchers who comprise some of the more 170 scholars contributing to the historic undertaking.

In his opening remarks, Dr. Frank Harvey, Dalhousie’s acting president and vice chancellor, expressed his admiration for the broad coalition of contributors who came together to make the research program a reality.

Frank Harvey

“One of the most remarkable aspects of Transforming Climate Action is its collective approach, reaching across academic disciplines, provinces, institutions, and languages, and guided by Indigenous values and Traditional Knowledges,” said Dr. Harvey.

“This project will solidify our nation as a leader in ocean carbon capture. It will benefit Canadians through knowledge mobilization, advancing public policy, collaboration, entrepreneurship, and the commercialization of research to support economic growth and social innovation.”


Watch a recording of the event above. Remarks begin at 11:25.

Transforming Climate Action was made possible by a historic $154-million investment from the Canadian Government through the Canada First Research Excellence Fund (CFREF) – the largest research grant ever received by Dalhousie. This funding is part of a $1.4 billion investment in support of 11 large-scale research initiatives announced by the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, on April 28. CFREF grants empower Canadian universities to leverage their research strengths and attract capital and world-class talent.

“The Government of Canada is proud to help postsecondary institutions and their researchers making breakthrough discoveries. The team here at Dalhousie is undertaking important work in our understanding of oceans and their role as carbon pumps. The results of this initiative will help inform Canada’s climate action to build a cleaner and greener future,” said Andy Fillmore, Member of Parliament for Halifax and Parliamentary Secretary to the Minister of Innovation, Science and Industry.

Andy Fillmore

The event was emceed by Dr. Alice Aiken, Dalhousie’s vice president research and innovation, who noted that Transforming Climate Action will link the partner institutions in an ambitious “effort to focus the world’s attention and energies on the primary importance of the ocean in determining climate policy and solutions.”

“Together,” she said, “we will shift the global discourse and become leaders in the transformation of climate action.”

Alice Aiken

In his remarks, the Honourable Sean Fraser, Minister of Immigration, Refugees and Citizenship and MP for Central Nova emphasized the urgency for the research program by highlighting recent climate-related emergencies experienced by Canada. He also made a connection between the need to act and economic benefits that will result from the innovations and technologies that spinout of Transforming Climate Action in collaboration with blue economy enterprises in Nova Scotia.

“The reality is that we won’t just benefit from reducing the risks of climate change to our communities, it’s going to create economic opportunities. We have companies in this province that are leading the world when it comes to emissions technology or carbon capture technology,” he said. “This is a moment to be proud as people who are part of a trend in the province of Nova Scotia who are embracing the economic opportunity presented by climate change.”

Sean Fraser

To help illuminate the ambitions behind Transforming Climate Action, Dr. Anya Waite, scientific director of the research program, Dalhousie’s associate vice president (ocean), and leader of Dalhousie’s Ocean Frontier Institute (OFI) facilitated two expert panels.

The first focused on the potential for economic development. The second addressed the research to be pursued, touching on the program’s key themes of reducing uncertainty around the ocean’s central role in cooling the warming planet; mitigating climate change by enhancing the ocean’s natural ability to remove carbon from the atmosphere; and building just and equitable adaption strategies through community engagement and education.

Dalhousie data scientist Dr. Mike Smit, who co-led the CFREF grant proposal with Dr. Waite in his capacity as deputy scientific director of OFI, joined the panel to discuss the research program’s Transformation Accelerators. Dr. Smit, who is also acting dean of the Faculty of Management, described how the Accelerators are designed to ensure discoveries are translated into tangible benefits by offering researchers support and expertise in the fields of innovation and commercialization, policy, education and decolonization, and data management.Accelerators, Dr. Smit said, are the high-speed rail lines of the research program, adding “The work that’s happening on the climate crisis doesn’t have time to ripple gently outward, we need to put this on a high-speed train and send it right to where it needs to be, to have the right impact at the right time.”

Excerpt:

This story was originally published at Dal.ca
Categories: Africa

Are Countries Ready for AI? How they can Ensure Ethical & Responsible Adoption

Africa - INTER PRESS SERVICE - Tue, 05/16/2023 - 07:44

Credit: UNESCO

By Yasmine Hamdar, Keyzom Ngodun Massally and Gayan Peiris
UNITED NATIONS, May 16 2023 (IPS)

From ChatGPT to deepfakes, the topic of artificial intelligence (AI) has recently been making headlines. But beyond the buzz, there are real benefits it holds for advancing development priorities.

Assessing countries’ AI readiness as one of the first steps towards adoption can help mitigate potential risks.

Artificial intelligence has the potential to benefit society in manifold ways. From using predictive analytics for disaster risk reduction to leveraging translation software to break down language barriers, AI is already impacting our daily lives.

Yet, there are also negative implications, especially if proactive steps are not taken to ensure its responsible and ethical development and use.

Through an AI Readiness Assessment, UNDP is making sure countries are equipped with valuable insights on design and implementation as they progress on their AI journey.

The intersection between AI, data and people

AI-powered tools on the market are often touted based on their benefits – not their shortcomings. However, as seen with the latest example of ChatGPT, questions around responsible and ethical use become important.

As highlighted in UNDP’s Digital Strategy, by design, technology must be centred on people. Digital transformation, including AI innovations, must be intentionally inclusive and rights-based to yield meaningful societal impact.

For instance, whilst governments can leverage AI to improve public service delivery, consideration must be given to various layers of inclusion to ensure everyone can benefit equally.

AI models rely on data to function. The quality of data that gets fed into a model determines the quality of its outputs – a classic representation of the ‘garbage in, garbage out’ axiom.

In fact, the lack of quality data may even exacerbate bias and discrimination, particularly against vulnerable groups – pushing them further behind.

Therefore, the degree of accuracy, relevance, and representativeness of a data set will impact the reliability and trustworthiness of results and insights the data is informing.

Digital public infrastructure, as an interoperable network of digital systems working together, is important for enabling timely and reliable data flows. This is pertinent, for instance, in responding to crises, when access to accurate and up-to-date information is needed to inform responsive programming and decision-making.

Without such digital infrastructure, data flows may be disrupted, or the data available may be inaccurate or incomplete.

Supporting countries on their AI journey

There is strong interest amongst UN Member States in adopting AI-powered technologies to improve people’s lives by providing better services.

But as the benefits and risks of these technologies are uncovered, the need for an ethical data and AI governance framework, improved capacities and knowledge has become equally relevant.

The ‘Joint Facility’ is an initiative launched by UNDP and ITU to enhance governments’ digital capacity development, including in harnessing AI responsibly.

UNDP is assisting countries such as Kenya, Mauritania, Moldova and Senegal in developing data governance frameworks to promote the use of data for evidence-based decision making.

Also under development is a ‘Data to Policy Navigator’ that is being created by UNDP and the BMZ’s Data4Policy Initiative. The Navigator is designed to provide decision-makers with the knowledge they need to integrate new data sources into policy-development processes. No advanced or prior knowledge of data science is needed.

UNDP, along with UNESCO and ITU, is also part of a United Nations Inter-Agency Working Group on AI, where the goal is to share collective learnings and best practices for other countries’ benefit.

The group has developed recommendations on AI Ethical Standards, which include key aspects of international and human rights regulations around the right to privacy, fairness and non-discrimination, and data responsibility.

Countries are at different stages of their AI journey, and careful assessment is needed to determine the appropriate digital infrastructure, governance and enabling community that may be required based on their unique needs and capabilities.

To this end, UNDP, along with Oxford Insights, designed an AI Readiness Assessment as a first step that can help countries better understand their current level of preparedness and what they may need moving forward as they seek to adopt responsible, ethical and sustainable AI systems.

The AI Readiness Assessment

The AI Readiness Assessment comprises a comprehensive set of tools that allow governments to get an overview of the AI landscape and assess their level of AI readiness across various sectors.

The framework is focused on the dual roles of governments as 1) facilitators of technological advancement and 2) users of AI in the public sector. Critically, this assessment also prioritizes ethical considerations surrounding AI use.

The assessment highlights key elements necessary for the development and implementation of ethical AI, including policies, infrastructure and skills.

These aspects are important for countries to consider as AI-powered technologies are implemented at population scale to help meet national priorities and achieve the Sustainable Development Goals.

The assessment employs a qualitative approach, utilizing surveys, key informant interviews, and workshops with civil servants to gain a more in-depth understanding of the AI ecosystem in a country.

In doing so, it offers governments valuable insights and recommendations on how to go about effective and ethical implementation of AI regulatory approaches, including how AI ethics and values may be integrated into existing frameworks.

Importantly, the assessment is a UN tool that is globally applicable and available for use, particularly for governments at any stage of their AI journey.

Staying ahead

UNDP is committed to the ethical and responsible use of AI. To avoid shortcomings, an AI system should be built with transparency, fairness, responsibility and privacy by default.

More AI-powered innovations are expected to emerge in years to come, and it is critical that we take proactive measures to ensure that their potential benefits and risks are evaluated through a people-centred approach.

Like ChatGPT, efficiency of a digital tool does not necessarily mean its design and functions are ethical and responsible. Having a framework to thoroughly assess the benefits and risks is key.

As these innovations evolve, so must governments’ mindset on AI. The AI Readiness Assessment is part of an effort to promote a proactive governance approach to digital development to ensure countries are informed, prepared and staying ahead when it comes to AI.

Yasmine Hamdar is AI Policy Specialist, UNDP Chief Digital Office;
Keyzom Ngodup Massally is Head of Digital Programming, UNDP Chief Digital Office;
Gayan Peiris, Head of Data and Technology, UNDP Chief Digital Office

To learn more about the AI Readiness Assessment, please contact us at digital.support@undp.org.

The authors would like to thank Dwayne Carruthers, Communications Specialist, for his support.

Source: UN Development Programme (UNDP)

IPS UN Bureau

 


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Categories: Africa

State-Sponsored Killings Rise to Record Highs

Africa - INTER PRESS SERVICE - Tue, 05/16/2023 - 07:28

A Liberian execution squad fires a volley of shots, killing cabinet ministers of Liberia. April 1980. Credit: Website Rare Historical Photos

By Thalif Deen
UNITED NATIONS, May 16 2023 (IPS)

When the Taliban captured power back in 1996, one of its first political acts was to hang the ousted Afghan President Mohammed Najibullah in Ariana Square Kabul.

Fast forward to 15 August 2021, when the Taliban, in its second coming, assumed power ousting the US-supported government of Ashraf Ghani, a former official of the World Bank, armed with a doctorate in anthropology from one of the most prestigious Ivy League educational institutions: Columbia University.

In a Facebook posting, Ghani said he fled to Dubai in the United Arab Emirates (UAE) seeking safe haven because he “was going to be hanged” by the Taliban. If that did happen, the Taliban would have earned the dubious distinction of being the only government in the world to hang two presidents.

But mercifully, it did not. Ghani, however, denied that he had bolted from the presidential palace lugging several suitcases with millions of dollars pilfered from the country’s treasury.

On April 12, 1980, Samuel Doe led a military coup, killing President William R. Tolbert, Jr., in the Executive Mansion in Liberia, a West African country founded by then-emancipated African-American slaves, with its capital named after the fifth US President James Monroe.

The entire Cabinet, was publicly paraded in the nude, lined up on a beach in the capital of Monrovia – and shot to death. According to an April 1980 BBC report, “13 leading officials of the ousted government in Liberia were publicly executed on the orders of the new military regime.”

The dead men included several former cabinet ministers and the elder brother of William Tolbert, the assassinated president of the west African state. They were tied to stakes on a beach next to the army barracks in the capital, Monrovia, and shot, said BBC.

“Journalists who had been taken to the barracks to watch the executions said they were cruel and messy.”

But in some countries state-sponsored killings are on the rise.

In a new study released May 16, the human rights organization Amnesty International (AI) said 2022 recorded the highest number of judicial executions globally, since 2017.

The list includes 81 people executed in a single day in Saudi Arabia— and 20 other countries known to have carried out executions.

AI accused the Middle East and North Africa of carrying out “killing sprees.”. But, still, there were six countries that abolished the death penalty fully or partially

A total of 883 people were known to have been executed across 20 countries, marking a rise of 53% over 2021.

This spike in executions, which does not include the thousands believed to have been carried out in China last year, was led by countries in the Middle East and North Africa, where recorded figures rose from 520 in 2021 to 825 in 2022.

Other countries enforcing capital punishment include Iran, Myanmar, China, Saudi Arabia, Egypt, North Korea, Vietnam, the US and Singapore.

Dr. Simon Adams, President and CEO of the Center for Victims of Torture, the largest international organization that treats survivors and advocates for an end to torture worldwide, told IPS: ““When you strip away the judicial pomp and ceremony, the death penalty is nothing more than cold, calculated, state-sponsored murder”.

He said it violates the universal human right to life and clearly constitutes cruel, degrading and unusual punishment.

“While a record number of states around the world now view capital punishment as an antiquated and regressive practice, it’s true that executions are growing in a number of repressive states”.

In the aftermath of the “women, life, freedom” mass demonstrations, he pointed out, Iran’s theocratic rulers have used the hangman’s noose as a tool of social control – executing protesters, political dissidents and troublesome minorities.

Similarly, Myanmar’s Generals, who have failed to suppress widespread opposition to military rule, have also reintroduced hanging. “But if history teaches us anything, it is that states can execute political prisoners, but they can’t kill their ideas”.

“It is morally reprehensible that two states that sit on the UN Security Council, China and the United States, are amongst the world’s most prolific executioners of their own people. It’s time for the US and China to join the 125 UN member states who have publicly called for a moratorium on the death penalty,” Dr Adams declared.

In some countries the brutal way that the death penalty is imposed may not just constitute cruel, degrading and unusual punishment, but may also constitute torture.

The fact that public hanging, beheading, electrocution, stoning and other barbaric practices are still happening in the twenty-first century should shame all of humanity, he pointed out.

Asked about a role for the United Nations, Dr Adams said: “The UN should definitely take a more active role in advancing the global abolition of capital punishment.”

Agnès Callamard, Amnesty International’s Secretary-General, said countries in the Middle East and North Africa region violated international law as they ramped up executions in 2022, revealing a callous disregard for human life.

“The number of individuals deprived of their lives rose dramatically across the region; Saudi Arabia executed a staggering 81 people in a single day. Most recently, in a desperate attempt to end the popular uprising, Iran executed people simply for exercising their right to protest.”

Disturbingly, 90% of the world’s known executions outside China were carried out by just three countries in the region.

Recorded executions in Iran soared from 314 in 2021 to 576 in 2022; figures tripled in Saudi Arabia, from 65 in 2021 to 196 in 2022 — the highest recorded by Amnesty in 30 years — while Egypt executed 24 individuals.

According to AI, the use of the death penalty remained shrouded in secrecy in several countries, including China, North Korea, and Viet Nam — countries that are known to use the death penalty extensively — meaning that the true global figure is far higher.

While the precise number of those killed in China is unknown, it is clear that the country remained the world’s most prolific executioner, ahead of Iran, Saudi Arabia, Egypt and the USA.

Meanwhile, UN Secretary-General António Guterres, who is critical of capital punishment, “strongly condemned” executions carried out last July by the Myanmar military against four political activists in Myanmar — Phyo Zeya Thaw, Kyaw Min Yu (Ko Jimmy), Hla Myo Aung and Aung Thura Zaw — and offered his condolences to their families.

The Secretary-General opposes the imposition of death penalty in all circumstances, his spokesman said. These executions, the first to be conducted since 1988 in Myanmar, mark a further deterioration of the already dire human rights environment in Myanmar.

In the report, the Secretary-General confirms the trend towards the universal abolition of the death penalty and highlights initiatives limiting its use and implementing the safeguards guaranteeing protection of the rights of those facing the death penalty.

Meanwhile, AI said there was a glimmer of hope as six countries abolished the death penalty either fully or partially.

Kazakhstan, Papua New Guinea, Sierra Leone and the Central African Republic abolished the death penalty for all crimes, while Equatorial Guinea and Zambia abolished the death penalty for ordinary crimes only.

As of December 2022, 112 countries had abolished the death penalty for all crimes and nine countries had abolished the death penalty for ordinary crimes only.

The positive momentum continued as Liberia and Ghana took legislative steps toward abolishing the death penalty, while the authorities of Sri Lanka and the Maldives said they would not resort to implementing death sentences. Bills to abolish the mandatory death penalty were also tabled in the Malaysian Parliament.

“As many countries continue to consign the death penalty to the dustbin of history, it’s time for others to follow suit. The brutal actions of countries such as Iran, Saudi Arabia as well as China, North Korea and Viet Nam are now firmly in the minority. These countries should urgently catch up with the times, protect human rights, and execute justice rather than people,” said Callamard.

“With 125 UN member states — more than ever before — calling for a moratorium on executions, AI said it has never felt more hopeful that this abhorrent punishment can and will be relegated to the annals of history.

“But 2022’s tragic figures remind us that we can’t rest on our laurels. We will continue to campaign until the death penalty is abolished across the globe.”

IPS UN Bureau Report

 


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Categories: Africa

Nigeria election: The mystery of the altered results in disputed poll

BBC Africa - Tue, 05/16/2023 - 02:02
A BBC investigation has found significant discrepancies in the election results in one region of the country.
Categories: Africa

Reserve Bank of Australia Review Fails Ordinary Australians

Africa - INTER PRESS SERVICE - Mon, 05/15/2023 - 19:54

By Anis Chowdhury
SYDNEY, May 15 2023 (IPS)

The Reserve Bank of Australia (RBA)’s latest interest rate hike comes before the ink of the much-awaited review of the RBA, released on 20 April, has dried. The threat of more increases to come is a clear sign of an emboldened RBA as the government accepts all of the panel’s utterly disappointing 51 recommendations.

Anis Chowdhury

RBA Review
The Treasurer, Hon Dr Jim Chalmers, announced the Review in July 2022, designed to ensure that Australia’s monetary policy arrangements and the operations of the RBA continue to support strong macroeconomic outcomes for Australia in a complex and continuously evolving landscape.

The recommendations of the three-person panel, charged with reviewing the structure, governance, and effectiveness of the RBA, range from creating a separate board to make decisions on interest rates, to giving the Bank a simpler dual mandate to pursue both price stability and full employment.

Utter disappointment
The Review report fails to question the long-held taboos about inflation and Central Bank’s role in a social democracy. While the Review panel leaves the RBA’s 2-3% inflation target unchanged, it outrageously recommends dropping from the RBA’s mandate “economic prosperity and welfare of the people of Australia” and the removal of government’s power to intervene in the RBA’s decisions.

This will make the RBA more inflation hawkish, and more aggressive in its use of the blunt interest rate tool without much regard for the consequences on jobs, especially when the RBA’s full employment mandate is left vague.

Without the power to intervene in the RBA’s decisions, such hawkish interest rate hikes will force the government to cut its expenditure as it has to pay more on interest for its debts while its tax revenue shrinks when the economy slows.

Thus, the well-being of ordinary citizens, especially those who will lose jobs, will worsen as the government struggles to find money for targeted budget support. No wonder the Treasurer termed the latest RBA interest rate decision as “Pretty brutal”.

Voodoo of 2-3% inflation target
In accepting the RBA’s current 2-3% inflation target, the Review panel ignores the fact that the 2-3% inflation target has become a “global economic gospel” without any empirical or theoretical basis.

The 2-3% target was plucked out of the air and it became a universal mantra after a chance remark by the then Finance Minister of New Zealand in a television interview followed by relentless preaching.

The recommendation ignores the changed circumstance since the 2-3% inflation target was first adopted. In the wake of the 2008-2009 Global Financial Crisis, many, including the then IMF’s Chief Economist, Olivier Blanchard suggested a 4% inflation target would be more appropriate.

The inflation-unemployment trade-off relationship (i.e., the Phillips curve) has become flatter over the years due to labour market deregulations, off-shoring and other developments. This means trying to dogmatically achieve such a low inflation target would require a much higher unemployment rate as recognised by the former Fed Chair and current US Treasury Secretary Janet Yellen. That is, the interest rate must rise more steeply inflicting serious damages to the business finances, household spending and government budget.

Full employment, a poor cousin
The Review panel recommends “full employment” mandate along with inflation target. However, while the inflation target has a numerical figure (2-3%), there is no such specific target mentioned for unemployment that may be consistent with the concept of full employment. When asked during a press conference, the Treasurer said, “It’s a contested concept”.

The report mentions full employment 100 times! But does not say what it means; instead, the panel accepts the current RBA’s definition and measure of full employment based on a contestable concept of a “non-accelerating inflation rate of unemployment” (NAIRU). That is, full employment is consistent with an unemployment rate below which inflation will accelerate.

There is general consensus that models based on NAIRU are basically wrong. An article in the RBA Bulletin acknowledged, “Model estimates of the NAIRU are highly uncertain and can change quite a bit as new data become available”. Thus, James Galbraith argued for ditching the NAIRU. And an op-ed in The Financial Times concluded, “The sooner NAIRU is buried and forgotten, the better”.

Social democracy sacrificed
The panel thinks, there are too many factors that affect prosperity and welfare. So, it recommends removal of the RBA’s third mandate “economic prosperity and welfare of the people of Australia”, enshrined in the 1959 RBA Act.

Furthermore, the panel seeks to remove the government’s ability to overrule an RBA decision because it “undermines the independent operation of monetary policy”.

With these recommendations implemented, the RBA will not be bound to the commitment to build a fairer society, although economic prosperity and people’s welfare can remain as an “overarching purpose”.

The Winner
A super independent RBA will have all the power it needs to use its sole weapon, interest rate rises, to keep inflation at 2-3%. The emboldened RBA will declare the consequences to its actions on the job markets as consistent with a vaguely defined full employment, and economic prosperity and welfare of the people.

It can simply assert that job and income losses are short-term pains for long-term gains, without having to provide any evidence. There are no such things as short-term pains.

For many, job loss may cause permanent damages to their mental health, self-esteem and social life often leading to suicides. IMF research shows that the scarring effects of recessions can be permanent.

Thus, the clear winner of the recommended reforms, is the RBA, not the ordinary people struggling to find decent jobs to enable them to put a roof over their heads and two square meals on their tables.

Meanwhile, the RBA’s ideological anti-inflationary fight with a blunt interest rate tool benefits the big four banks. They are “tipped to rake in record $33 billion” in profits from rising interest rates when everyday Aussies and small businesses battle rising bankruptcies and job losses.

Anis Chowdhury is Adjunct Professor, School of Business, Western Sydney University. He held senior United Nations positions in the area of Economic and Social Affairs in New York and Bangkok.

IPS UN Bureau

 


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Categories: Africa

Hilda Baci: Nigerian chef ready to poach world cooking record

BBC Africa - Mon, 05/15/2023 - 19:02
Hilda Baci has cooked over 100 different dishes since turning on her cooker at 15:00 GMT on Thursday.
Categories: Africa

Lucas Radebe calls for the reform of the 'politics involved' in South African football

BBC Africa - Mon, 05/15/2023 - 17:47
Former national team captain Lucas Radebe wants former players involved in the 'politics' needed to turn around the fortunes of South African football.
Categories: Africa

Seun Kuti: Nigerian Afrobeat musician arrested over 'police assault'

BBC Africa - Mon, 05/15/2023 - 15:06
Videos posted online on Saturday showed the musician hitting a policeman in Lagos.
Categories: Africa

What does Imran Khan’s Arrest, Protests Mean for Pakistan?

Africa - INTER PRESS SERVICE - Mon, 05/15/2023 - 12:02

Protestors in Peshawar gather to voice their objection to former Prime Minister Imran Khan’s arrest. Credit: Ashfaq Yusufzai/IPS

By Ashfaq Yusufzai
PESHAWAR, May 15 2023 (IPS)

The arrest of former Prime Minister Imran Khan on alleged corruption charges has led to the deterioration of law and order with attacks on army offices for the first time since the country came into being in 1947.

The 70-year-old former cricket star was taken into custody by paramilitary Rangers while appearing in Islamabad High Court for bail in multiple cases on May 9, 2023. His arrest triggered a spontaneous response from the activists of Imran Khan’s Pakistan Tehreek Insaf (Movement for Justice) party, who took to the streets in protest, during which buildings were burnt, vandalized and ransacked.

Imran Khan was released two days later by the Supreme Court of Pakistan on May 12, but only after the deaths of 40 PTI activists and several government and army offices were reduced to ashes. Not only were protests held across Pakistan, but PTI’s supporters also marched in New York, Washington DC, France, the UK, Germany, Australia and other European countries to show their anger over his arrest.

“The protesters set on fire a radio station in Peshawar and ransacked army installations in Lahore, Mianwali District and other districts of the country, which is unprecedented in Pakistan’s 75-year history,” political analyst Abdul Jabbar Shah told IPS.

Abdul Jabbar Shah, a political science professor at a private university, said that violent protests by PTI activists were unprecedented because no one had ever dared to touch the army’s offices or the replicas of former soldiers on display in garrison cities.

Writing in The Conversation, Ayesha Jalal, Professor of History at Tufts University, says Khan has a strong support base, “but the country is very fragmented politically. So it is a dangerous situation.

“My fear is that the arrest will only pour more fuel on a combustible situation. Pakistan has been simmering since Khan’s ouster in 2022, with the very real threat of political tensions giving way to widespread violence.

“What was needed was for all involved to try to lower the temperature, but the circumstances of Khan’s arrest have only served to heighten tensions.”

Imran Khan took to social media because the TV channels didn’t air his speech after his release demanding an independent probe into vandalism and violence during protests.

“I want an independent and complete investigation on the burning of state buildings and firing at unarmed youth protesters,” he said. “But I want the chief justice of Pakistan to make a panel under him for this probe.”

More than 1,400 PTI supporters, including male and female leaders, have been arrested.

Khan has alleged that the army chief was behind the end of his government, and his supporters targeted the military’s offices after his arrest.

Muhammad Suhail, an International Relations lecturer at an Islamabad-based university, told IPS that the storming of the General Headquarters and other sensitive installations was regarded as unimaginable before this.

“PTI seemed to be the first political party in the country to have directly challenged the powerful army,” he said. Suhail added that there could be political repercussions for the party in future, too.

For the time being, the PTI has emerged victorious, he said.

Jalal says this “may be a precursor for an attempt to disqualify Khan from public office – which I believe would be a very dangerous move in an election year.

“And this all comes while the incumbent government is facing severe challenges, having been unable to control soaring inflation or make progress on a crucial International Monetary Fund loan to dig the country out of its economic woes.”

Pakistan’s Army on May 13 warned that the armed forces “will not tolerate any further attempt of violating the sanctity and security of its installations or vandalism” as it resolved to bring to justice all the “planners, abettors, instigators and executors of vandalism on the Black Day of the 9th of May”.

The media reported that Chief of Army Staff Gen Asim Munir visited the Corps Headquarters in Peshawar and emphasized the evolving threats to national security. He condemned the PTI leaders for inciting its supporters against the armed forces.

Though Khan’s supporters consider this a victory, for many, taking the law into their hands had set a bad precedent in the country.

Analyst Muhammad Javid says that targeting government and army offices is undemocratic, and the PTI should have adopted a peaceful path to release their leader.

“It has sent out a message that PTI believes in violence, which isn’t a good omen for its political future. Opponents will exploit this against the PTI in the election, which is around the corner,” Javid says. Setting ablaze the army’s offices also suggests people were sick of their army, which isn’t correct as most people regard the army as the defender of the country’s frontiers against the enemy, especially neighbouring India.

PTI activists say that Imran Khan is their “red line”, and those crossing that line will result in protests.

“Because of our aggressive protests, the government released Imran Khan; otherwise, he could have been killed in custody,” said Naveed Shah, 31, in Peshawar. “Imran Khan is an honest leader, and his arrest on corruption charges isn’t acceptable.”

He claimed that PTI’s government was dismissed due to a no-confidence motion in the National Assembly in April 2022, that they had been asking for an election. “Since then, we have been holding agitations for a general election,” Naveed Shah said.

However, he claimed that PTI supporters aren’t involved in violence because they had been struggling for democracy for the past 27 years to establish the rule of law in the country. “How can a party (which is) demanding an election resort to violence,” he asked.

Interior Minister Rana Sanaullah told the media that those involved in acts of terrorism in the garb of democracy would be tried as per the law of the land.

Sanaullah said that Imran Khan had been holding protests to placate enemies of Pakistan.

“If PTI does not change its attitude, the government will be forced to ban it,” he told a press conference on May 13 in Islamabad.

Pakistan suspended internet services to disrupt PTI’s communication network for at least 72 hours. PTI has the largest social media network in the country.

Imran Khan has the largest Twitter following in Pakistan. When the internet resumed operations, PTI activists posted hundreds of videos and pictures to substantiate their claims of non-involvement in acts of burning the national installations.

IPS UN Bureau Report

 


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