Connect with us

Newsdesk

Xi Jinping opens BRICS Summit in Xiamen, China

Published

on

Chinese President Xi Jinping opens an annual summit of BRICS leaders. The BRICS — Brazil, Russia, India, China and South Africa — had gathered in the southeastern Chinese city of Xiamen hoping to counter accusations that the group of big emerging economies was drifting apart and becoming irrelevant.

The BRICS event already has been upstaged by North Korea’s latest nuclear weapons provocation.

North Korea stole the spotlight the previous day by announcing it had detonated a powerful hydrogen bomb and claiming it could fit the device on a long-range missile, dramatically raising the stakes in its standoff with the world.

The nuclear test came just before Xi took the stage for a pre-BRICS address in Xiamen, timing that seemed deliberate and will doubt angered Beijing, which swiftly condemned the explosion.

The North Korean hydrogen bomb claim represents an apparent major advance in Pyongyang’s banned nuclear weapons program and brought condemnation from the international community, which has forbidden North Korea’s pursuit of atomic weapons and missiles.

The summit includes Vladimir Putin of Russia, Brazil’s Michel Temer and South Africa’s Jacob Zuma and Prime Minister Narendra Modi.

The BRICS was already struggling to live down doubts about its own cohesion that have spiked since nuclear-armed China and India engaged in a protracted standoff over a disputed Himalayan region. They backed off last week — perhaps to avoid ruining the summit — but the issue remains tense and eyes will be on the interplay between Modi and Xi on Monday.

In his speech on Sunday, Xi stressed the need for BRICS members to show mutual respect and “avoid conflicts” but otherwise did not mention the border dispute.

BRICS nations, who comprise more than 40 percent of humanity, came together a decade ago to advocate for the developing world’s interests. But policy analysts have increasingly questioned the group’s relevance, pointing out that its members have little in common and face various economic challenges. Xi alluded to these questions in his speech.

President Xi said that some people, seeing that emerging markets and developing countries have experienced growth setbacks, assert that BRICS countries are losing their lustre, he admitted the group’s members faced various “headwinds”.

BRICS includes Communist-ruled China, Russia and the democracies of Brazil and South Africa and ultra fanatic India. . China remains an economic powerhouse, though a slowing one, while India is rising. But slumping commodity prices have hit hard the economies of exporters Russia, Brazil and South Africa. Brazil’s Temer and South Africa’s Zuma, meanwhile, are distracted by political turmoil at home.

Perhaps the BRICS’ biggest success has been the 2016 establishment of the Shanghai-based New Development Bank, envisioned as the developing world’s World Bank, but many economists doubt it will be influential.

Intra-BRICS trade is heavily tilted in China’s favour, fuelling complaints from fellow members. India alone has lodged several trade cases against China this year.

Xi and Putin held a bilateral meeting late Sunday during which they discussed the North Korea blast and pledged to “appropriately deal” with the issue, China’s official Xinhua news agency said, without giving details.

Continue Reading
Comments

Newsdesk

World Bank Group Announces $50 billion over Five Years for Climate Adaptation and Resilience

Newsroom

Published

on

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.

Continue Reading

Newsdesk

Making Globalization Work: Climate, Inclusiveness and International Governance Top Agenda of the WEF 2019

Newsroom

Published

on

The World Economic Forum Annual Meeting 2019 will take place on 22-25 January in Davos-Klosters, Switzerland. The meeting brings together more than 3,000 leaders from business, government, civil society, academia, arts and culture, and media, as well as the foremost experts and young leaders from all over the world.

Convening under the theme, Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution, the purpose of the meeting is to identify new models for peace, inclusiveness and sustainability to suit a world where further global integration is inevitable and where existing models of global governance struggle to foster concerted action among the world’s powers.

“This fourth wave of globalization needs to be human-centred, inclusive and sustainable. We are entering a period of profound global instability brought on by the technological disruption of the Fourth Industrial Revolution and the realignment of geo-economics and geopolitical forces. We need principals from all stakeholder groups in Davos to summon the imagination and commitment necessary to tackle it,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

The programme of this year’s Annual Meeting expands on the theme in depth and breadth across more than 350 sessions, nearly half of them webcast. Sessions are organized in a series of global dialogues:

A global dialogue on geopolitics in a multiconceptual world to enable candid and constructive discussion on how to drive future cooperation along with a global dialogue on peace and

A global dialogue on the future of the economy to better reflect the structural changes inherent in the Fourth Industrial Revolution, and achieve sustainable growth and long-term societal well-being

A global dialogue on industry systems and technology policy to define the principles for new and emerging technologies to ensure that they are underpinned by a values-based framework

A global dialogue on risk resilience to promote systems thinking to radically improve our collective management of the key environmental systems and to ensure adequate digital cybersecurity

A global dialogue on human capital and society to revisit the notion of work and well-being and to move away from consumption and materialism to a more humanistic focus.

A global dialogue on institutional reform to rethink the global institutional frameworks that emerged in the 20th century and adapt them to ensure relevancy for the new political, economic and social context

Top political leaders taking part are: Ueli Maurer, President of the Swiss Confederation 2019 and Federal Councillor of Finance of Switzerland; Shinzo Abe, Prime Minister of Japan; Jair Bolsonaro, President of Brazil; Angela Merkel, Federal Chancellor of Germany; Wang Qishan, Vice-President of the People’s Republic of China; Giuseppe Conte, Prime Minister of Italy; Pedro Sanchez, Prime Minister of Spain; Barham Salih, President of Iraq; Mohammad Ashraf Ghani, President of the Islamic Republic of Afghanistan; Sebastian Kurz, Federal Chancellor of Austria; Ivan Duque, President of Colombia; Abiy Ahmed, Prime Minster of Ethiopia; Leo Varadkar, Taoiseach of the Republic of Ireland; Benjamin Netanyahu, Prime Minister of Israel; Faiez Al Serrag, Prime Minister of Libya; Mark Rutte, Prime Minister of the Netherlands; Jacinda Ardem, Prime Minister of New Zealand; Erna Solberg, Prime Minister of Norway; Rami Hamdallah, Prime Minister of the Palestinian National Authority; Martin Alberto Vizcarra Cornejo, President of Peru; Paul Kagame, President of Rwanda; Cyril M. Ramaphosa, Prime Minister of South Africa; Yoweri Kaguta Museveni, President of Uganda; Nguyen Xuan Phuc, Prime Minister of Viet Nam; and Emmerson Mnangagwa, President of Zimbabwe.

Leaders from International Organizations include: Antonio Guterres, Secretary-General, United Nations; Michelle Bachelet, UN High Commissioner for Human Rights; Patricia Espinosa Cantellano, Executive Secretary, United Nations Framework Convention on Climate Change (UNFCCC); Kristalina Georgieva, Chief Executive Officer, World Bank; Filippo Grandi, United Nations High Commissioner for Refugees; Roberto Azevedo, Director-General, World Trade Organization (WTO); Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development (OECD); Christine Lagarde, Managing Director, International Monetary Fund (IMF); and Jens Stoltenberg, Secretary-General, North Atlantic Treaty Organization (NATO).

Leaders from civil society are: Yasunobu Aihara, General Secretary, Japanese Trade Union Confederation (Jtuc-Rengo); Sharan Burrow, General Secretary, International Trade Union Confederation (ITUC); Winnie Byanyima, Executive Director, Oxfam International; Jennifer Morgan, Executive Director, Greenpeace International; Denis Mukwege, Founder, Panzi Foundation, 2018 Nobel Peace Laureate; Kenneth Roth, Executive Director, Human Rights Watch; Marco Lambertini, Director-General, WWF International; Delia Ferreira Rubio, Chair, Transparency International; Maria Ressa, Chief Executive Officer and Executive Editor, Rappler.com; Elizabeth H. Shuler, Secretary-Treasurer and Chief Financial Officer, American Federation of Labor and Congress of Industrial Organizations (AFL-CIO); Peter Sands, Executive Director, The Global Fund to Fight AIDS, Tuberculosis and Malaria (GF); Debbie Stothard, Secretary-General International Federation for Human Rights (FIDH); and Luca Visentini, General Secretary, European Trade Union Confederation (ETUC).

Continue Reading

Newsdesk

Is Haiti better prepared for disasters, nine years on from the 2010 earthquake?

Newsroom

Published

on

Half a capital city destroyed, 220,000 reported dead and 1 million residents displaced. This was the toll of the 2010 Haiti earthquake, which struck on 12 January, nine years ago.

Staff at the UN Mission in Haiti were also affected, and there were 102 UN casualties, including the Secretary-General’s Special Envoy, Hédi Annabi and his deputy, Luiz Carlos da Costa. It was the “biggest single loss of life in the history of UN Peacekeeping,” the then-President of the UN Staff Union, Stephen Kisambira, said at the time.

One of the survivors was Sophie Boutaud de la Combe, today the head of communications for the UN Mission for Justice in Haiti (MINUJUSTH), who was seven months pregnant at the time and just a few days away from home leave. She had been in the headquarters of MINUJUSTH’s predecessor, the UN Stabilisitation Mission in Haiti (MINUSTAH), when the quake hit.

The building completely collapsed, but Ms. Boutaud de la Combe managed to escape through a collapsed wall. For many hours, she and her surviving colleagues searched through the rubble, looking for anyone still trapped under the building. Two days later, she reluctantly left Haiti, a situation she describes as “a trauma,” her instinct being to help the UN and the people of Haiti. She eventually returned to the country in 2013, happy to be able to play a part in the rebuilding of the country, and honour her lost colleagues with her work.

Some nine years after the earthquake, the situation in Haiti is very different. The government, says Ms. Boutaud de la Combe, is now much better prepared for similar natural disasters. “A few months ago there was an earthquake in the north of the country. The state was prepared and they sent their people to support those affected, without MINUJUSTH involvement. It was not a major earthquake, but now the population knows how to react. And most importantly, we hear regularly how important it is to build better, to build strongly in case an earthquake would hit, not to endanger the people.”

Continue Reading

Latest

Reports21 mins ago

Renewable Energy the Most Competitive Source of New Power Generation in GCC

Renewable energy is the most competitive form of power generation in Gulf Cooperation Council (GCC) countries, according to a new...

East Asia2 hours ago

China’s Soft Power Diplomacy on North Korean Nuclear Crisis

For about the last two decades, North Korea’s nuclear weapon development program has become one of the major issues of...

Newsdesk4 hours ago

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...

Style6 hours ago

SIHH: Master Ultra Thin Tourbillon Enamel

The new Master Ultra Thin Tourbillon Enamel features a new tourbillon movement and a new-look date counter. They form a...

South Asia8 hours ago

Pakistan Securing Its Maritime Interest and CPEC

The IOR is a major sea route that unites the Middle East, Africa, and East Asia with Europe and America....

Newsdesk10 hours ago

Making Globalization Work: Climate, Inclusiveness and International Governance Top Agenda of the WEF 2019

The World Economic Forum Annual Meeting 2019 will take place on 22-25 January in Davos-Klosters, Switzerland. The meeting brings together...

Americas12 hours ago

How Has the Purpose(s) of American Higher Education Changed Over Time, and Why?

Initially, universities and colleges have been founded on three central promises such as (a) teaching, (b) public services, and (c)...

Trending

Copyright © 2018 Modern Diplomacy