The 10 most important things you need to know on Caspian Sea Region for Thursday, May 28:
1Azerbaijan celebrates 28 May – Republic Day. Azerbaijan is marking one of the most striking and significant days in its history – the creation of the Azerbaijan Democratic Republic, which was the first secular republic in the Muslim East.
2Ilham Aliyev: “The rich gas resources of Azerbaijan will provide us and our partners at least for 100 years”. President expressed his hope that no artificial obstacles to TAP – the Trans Adriatic project will arise: “As if such obstacles appear, in this case, there will not be the winning party, of course. I should also note that the rich gas resources of Azerbaijan will provide us and our partners at least for 100 years. Of course, concrete measures are taken for our market entry. If there is problem with TAP project, then we will export our gas to the Turkish market mainly. Anyway, I should note that we have no concern about the markets. Just all TAP participants should act responsibly and not to create artificial problems. In the future, of course, our strategic goal is the full implementation of the Southern Gas Corridor, together with the development of “Shah Deniz” gas field.”
3Building the New Silk Road. China has multiple reasons for pursuing the New Silk Road. Xi has promoted a vision of a more assertive China, while the “new normal” of slowing growth puts pressure on the country’s leadership to open new markets for its consumer goods and excess industrial capacity. Promoting economic development in the troubled western province of Xinjiang, where separatist violence has been on the upswing, is another major concern, as is securing long-term energy supplies. China’s strategy is conceived as a two-pronged effort. The first focuses on overland infrastructure development through Central Asia—the “Silk Road Economic Belt”—while the second foresees the expansion of maritime shipping routes through the Indian Ocean and the Persian Gulf—the “Maritime Silk Road.” In 2013, Xi told an audience in Kazakhstan that he wants to create a vast network of railways, energy pipelines, highways, and streamlined border crossings, both westward—through the mountainous former Soviet republics—and southward, toward Pakistan, India, and the rest of Southeast Asia. Writes James McBride for the Council on Foreign Relations.
4Russian gas industry looks east to strengthen position. “Russia has been talking to China for 10 years about exporting gas, but for various reasons they couldn’t find alignment,” says John Lough, of the Chatham House. “It has not been prepared to go the last mile, but the pressure to sidle up to China has now increased.” Feeling ever more isolated in Europe and suffering from wider economic sanctions, Russia signed two significant gas deals with China last year. The first, worth $400bn at the time, provides for 38bcm a year from 2018. Construction of the pipeline to transport the gas from East Siberia began in September. A provisional deal for a further 30bcm was signed a month later, with gas potentially being delivered from West Siberia through the Altai region in southern Russia. Writes Richard Anderson for the BBC
5Venezuela and Russia gave new impetus on Wednesday to their strategic cooperation as Venezuelan Foreign Minister Delcy Rodriguez concluded a visit to Moscow. Relations between the two countries have matured over the past 11 years in all areas, Rodriguez said after meeting with Russian counterpart Sergei Lavrov. Venezuela and Russia are cooperating in the construction of a “new geopolitical order,” she said, highlighting the role of the BRICS group: Brazil, Russia, India, China and South Africa. Military and technical cooperation and agriculture are among the focal areas for Russian participation, according to Rodriguez. Ties with Latin America are a priority for Moscow, Lavrov said, expressing appreciation for Venezuela’s support of a proposed mechanism to establish constant dialogue between Russia and the Community of Latin American and Caribbean States.[Latin American Herald Tribune]
6Kazakhstan is interested in Croatia’s military industry, Croatian Defence Minister Ante Kotromanovic said on Wednesday in Astana where he arrived for a visit to Kazakhstan. Kotromanovic, held talks with his Kazakh counterpart Imangali Tasmagambetov on bilateral defence cooperation notably in the defence industry. The talks also revolved around security cooperation and cooperation within NATO, the Croatian Defence Ministry stated in a press release. Croatia and Kazakhstan are keen to advance the relations and intensify cooperation in all sectors, including the defence industry, training and education and economic cooperation, Kotromanovic was quoted as saying. He praised Kazakhstan for its impressive development and attraction of foreign investments. He and the Kazakh defence minister signed a memorandum of cooperation in the defence sector. [dalje.com]
7Stress Tests for Kazakhstan.How can Kazakhstan maintain friendly ties with Russia and yet continue to build its own national identity? The International Crisis Group thinks that Astana should take a more ‘recognizable’ role in trying to resolve the Ukraine crisis, pursue a balanced foreign policy and perform several other steps. [International Crisis Group]
8Indonesia interested in boosting energy co-op with Azerbaijan. “Azerbaijan is an important trading partner of Indonesia, especially in the energy sector,” Economic Minister of Indonesia Sofyan Djalil said during Azerbaijan’s National Republic Day celebration at the JW Marriott Hotel in Jakarta.“We will soon send our energy and mineral resources minister to Azerbaijan to explore more opportunities and boost cooperation,” said the minister.
9“Russia’s nuclear saber-rattling is unjustified, destabilizing and dangerous,” NATO chief Jens Stoltenberg said during public remarks at the Center for Strategic and International Studies. “We learned during the Cold War that when it comes to nuclear weapons, caution, predictability and transparency are vital.”Moscow’s signaling that it would place nuclear-capable missile systems in Kaliningrad, the Russian exclave bordering Poland, and the Crimean Peninsula, “would fundamentally change the balance of security in Europe”, Stoltenberg said. He also warned of increased “provocative” flights by Russian nuclear-capable bombers from “Japan to Gibraltar” and “Crete to California,” saying Russia has stepped up its air activity by roughly 50 percent. [TURKISH WEEKLY]
10Foreign Ministers of Azerbaijan, Turkmenistan and Turkey Elmar Mammadyarov, Rashid Meredov and Mevlüt Çavuşoğlu held a trilateral meeting on the sidelines of the 42nd Foreign Ministerial Council of the Organization of Islamic Cooperation. At the meeting the importance of trilateral meeting of Azerbaijan, Turkmenistan and Turkey was stressed in terms of development of regional cooperation. [apa.az]
Knowledge Exchange Program between World Bank and Parliamentarians of Nepal
Members of the Federal Parliament in Nepal and officials from the World Bank held consultations and development policy dialogue at a knowledge exchange program held today. Over 40 members of the Parliamentary Finance Committee and the Parliamentary Secretariat took part in the program.
“These engagements with the representatives of the people of Nepal are a key part of our role and responsibility as trusted partners in Nepal. They allow us to exchange ideas, and to better understand the vision of the Nepali people in reducing extreme poverty and boosting shared prosperity. It also allows us to share experiences on development narratives from the rest of the world.” said Qimiao Fan, World Bank Country Director for Bangladesh, Bhutan and Nepal, “The country’s path of nation-building and sustainable development relies on sound policies and institutions, and the Parliament is key in ensuring that these are both in place.”
During the program supported by the World Bank and facilitated by the Parliament Secretariat, the Country Manager Faris H. Hadad-Zervos introduced the World Bank Group operations in Nepal, its instruments, country partnership framework and areas of development support. This was followed by a synopsis of the Bank’s analysis of latest macroeconomic and development updates, presented by World Bank Senior Country Economist Kene Ezemenari. Xiaoping Wang and Rabin Shrestha, Senior Energy Specialists from the World Bank then presented on the current scenario of the power sector in Nepal.
“The program was a great opportunity to understand the World Bank Group operations and explore avenues of cooperation and support in the days to come,” said Krishna Prasad Dahal, Chairperson of the Parliamentary Finance Committee, “Extensive sharing of data, information and practical knowledge will help pinpoint the direction of future policies and refine our responsibilities as lawmakers.”
The World Bank is engaging the Nepali Parliament in various ways. Through the Integrated Public Financial Management (PFM) Project supported by the Multi-Donor Trust Fund (financed by Australia, Switzerland, DFID, EU, Norway and USAID), The World Bank is currently supporting the Parliament of Nepal through strengthening of the PFM capacity of technical staff in the Secretariat. Knowledge exchange opportunities will be provided to MPs within this program. Provincial Parliaments will also be progressively targeted since they can benefit from the expertise of the Federal Parliament to build their own.
Africa Industrialization Day 2018 celebrated in Côte d’Ivoiren
On the occasion of Africa Industrialization Day’s (AID) worldwide celebrations, the United Nations Industrial Development Organization (UNIDO) and Côte d’Ivoire’s Ministry of Trade, Industry and SME Promotion organized an event to discuss the importance of industrialization for the development of Africa with a particular focus on Côte d’Ivoire.
“Industrialization represents the best means to create more employment and to improve the living conditions of the population,” said Souleymane Diarrassouba, Côte d’Ivoire’s Minister of Trade, Industry and SME Promotion, during his welcome speech. “The government of Côte d’Ivoire, in collaboration with the financial and technical partners, is engaged in promoting the industrialization of the country.”
After reading a Joint Statement of the African Union Commission, the United Nation Economic Commission for Africa and UNIDO on the occasion of the AID event held in Vienna, Tidiane Boye, UNIDO’s Representative in Côte d’Ivoire, quoted UNIDO’s Director General, LI Yong: “AID 2018 represents an important occasion to raise awareness of the importance of a concerted programmatic approach to the promotion of rapid and inclusive industrialization in Africa.” Boye also paid tribute to H.E. Alassane Ouattara, President of the Republic of Côte d’Ivoire, for his engagement as Champion of the Third Industrial Development Decade for Africa.
The event was an opportunity to present the main findings of UNIDO’s Industrial Development Report 2018 – which focuses on the importance of demand as a driver of industrial development – and perspectives on the development of the pharmaceutical global value chain in Africa.
Nicola Cantore, UNIDO Research and Industrial Policy Officer, pointed out that under the right set of conditions, the consumption of manufactures can set in motion a virtuous circle of industrial development – comprising income creation, demand diversification and massification of consumption – but that this virtuous circle often requires specific policy measures to attain socially inclusive or environmentally sustainable industrialization.
”For Côte d’Ivoire, a gap still needs to be filled in terms of increasing the share of manufacturing exports in total exports and the technological contents of exports, which are still too dependent on primary goods,” Cantore said.
The social dimension of industrialization was well-captured by the presentation of Assane Coulibaly, UNIDO’s Lead ECOWAS Coordinator for Pharmaceuticals GMP Roadmap Initiative, who explained how the development of local capabilities in the pharmaceutical industry is a key step to ensure affordability and availability of medicines essential to the development of an effective health system.
The event was attended by representatives of the government and the private sector.
World Bank Group Announces $50 billion over Five Years for Climate Adaptation and Resilience
The World Bank Group today launched its Action Plan on Climate Change Adaptation and Resilience. Under the plan, the World Bank Group will ramp up direct adaptation climate finance to reach $50 billion over FY21–25. This financing level—an average of $10 billion a year—is more than double what was achieved during FY15-18. The World Bank Group will also pilot new approaches to increasing private finance for adaptation and resilience.
“Our new plan will put climate resilience on an equal footing with our investment in a low carbon future for the first time. We do this because, simply put, the climate is changing so we must mitigate and adapt at the same time,” said World Bank Chief Executive Officer Kristalina Georgieva. “We will ramp up our funding to help people build a more resilient future, especially the poorest and most vulnerable who are most affected.”
The increase in adaptation financing will support activities that include:
- Delivering higher quality forecasts, early warning systems and climate information services to better prepare 250 million people in at least 30 countries for climate risks;
- Supporting 100 river basins with climate-informed management plans and/or improved river basin management governance;
- Building more climate-responsive social protection systems; and
- Supporting efforts in at least 20 countries to respond early to, and recover faster from, climate and disaster shocks through additional financial protection instruments.
In addition to boosting finance, the Plan will also support countries to mainstream approaches to systematically manage climate risks at every phase of policy planning, investment design, and implementation.
“This Action Plan is a welcome step from the World Bank,” said Ban Ki-moon, former Secretary-General of the United Nations and co-chair of the Global Commission on Adaptation. “The world’s poorest and most climate vulnerable countries stand to benefit from its increased finance and support for longer term policy change.”
The Action Plan builds on the link between adaptation and development by promoting effective and early actions that also provide positive development outcomes. For example, investing in mangrove replanting may protect a local community against sea level rise and storm surges, while also creating new opportunities for eco-tourism and fisheries. Early and proactive adaptation and resilience-building actions are more cost-effective than addressing impacts after they occur.
The Action Plan also includes the development of a new rating system to create incentives for, and improve the tracking of, global progress on adaptation and resilience. The new system will be piloted by the World Bank in FY19-20 and rolled out to projects in relevant sectors by FY21.
The Action Plan on Climate Change Adaptation and Resilience forms part of the World Bank Group’s 2025 Targets to Step Up Climate Action which were launched in December 2018, during the UN’s COP24 in Poland.
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