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Second Annual Meeting of the Global Future Councils

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Seven hundred leading experts from around the world will participate in the second Annual Meeting of the Global Future Councils on 11-12 November in Dubai.

The meeting, one of four annual meetings held by the World Economic Forum throughout the year, convenes experts and stakeholders from diverse disciplines to develop strategies to help the world prepare for a future defined by rapid technological change.

In addition to developing a vision for a sustainable and human-centred world, members of the 35 Global Future Councils will interact and collaborate with leaders from the United Arab Emirates. Building on an announcement at the Annual Meeting of the Global Future Councils 2016 that the United Arab Emirates aims to become a leading nation in the Fourth Industrial Revolution, the country launched a national strategy in September and will seek to build on this process during this year’s meeting.

Convening under the theme, The Globalization of Knowledge in a Fractured World, council members will seek solutions and develop ideas to foster international cooperation and shared responses to global challenges. To this end, the Forum will make available to the public for the first time its Transformation Maps, a proprietary digital knowledge tool that has been developed to further understanding of more than 100 global issues, countries and industries and their interconnections.

“The Fourth Industrial Revolution will have a disruptive impact on business models, the economy, society and each individual. To shape a positive outcome of this revolution, the World Economic Forum has created the Annual Meeting of the Global Future Councils to convene the foremost global thinkers to accelerate the positive impact of this revolution” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.

“The Fourth Industrial Revolution is already having a profound effect on societies and economies: as we look to build a future for our country and for the world, it is essential that we embrace these forces of transformation and use them in ways that help us emerge stronger and better adept at advancing the interests and well-being of our people.  By harnessing relevant forces of change and focusing on the active roles of citizens and younger generation aspirations exciting outcomes of the 4th Industrial Revolution will be realized. The Annual Meeting of the Global Future Councils is about drawing on world-class knowledge and applying it in ways that help us meet these goals,” said Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and the Future of the United Arab Emirates.

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Pandemic disruption to learning is an opportunity to reimagine, revitalize education

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Students at a primary school in Phnom Penh, Cambodia, on the second day after their school reopened. The students, teachers and school administrators wear masks while at the school and maintain physical distancing. UNICEF/Seyha Lychheang

To mark the third International Day of Education on Sunday, UN Secretary-General António Guterres paid tribute to the resilience of students, teachers and families in the face of the global COVID-19 pandemic that, at its peak, forced almost every school, institute and university to close its doors.

“When education is interrupted, it affects everyone”, he said, and “all of us pay the price”, stressing that education is the foundation for expanding opportunities, transforming economies, fighting intolerance, protecting our planet and achieving the Sustainable Development Goals (SDGs).

Although this disruption has led to learning innovations, he said, it has also dashed hopes of a brighter future among vulnerable populations.

Avert generational catastrophe

With that in mind, the UN chief said that as the world continues to battle the pandemic, education – as a fundamental right and a global public good – must be protected to avert a generational catastrophe.

Even before the pandemic, some 258 million children and adolescents were out of school, the majority of them girls. Indeed, more than half of 10-year-olds in low and middle income countries were not learning to read a simple text.

“In 2021, we must seize all opportunities to turn this situation around. We must ensure the full replenishment of the Global Partnership for Education fund, and strengthen global education cooperation”, the Secretary-General explained.

“We must also step up our efforts to reimagine education – training teachers, bridging the digital divide and rethinking curricula to equip learners with the skills and knowledge to flourish in our rapidly changing world”, he said, adding: “Let us commit to promote education for all — today and every day.”

Struggling at home

Volkan Bozkir, the President of the 75th session of the UN General Assembly, commended all teachers, who have adapted their classrooms and undertaken remote lessons in order to ensure continuity in education. He also applauded parents, who have done their utmost to facilitate learning at home.

“Above all, I am thinking of all students around the world who are struggling to learn at home, perhaps missing their friends, feeling frustrated or despondent about the future. Do not despair. You will get through this difficult period and you will pursue your dreams”, the Assembly President said in a video message.

He said that it is up to UN Member States to ensure this becomes a reality.

“We need to take urgent action in this Decade of Action and Delivery to invest in our education systems, including improving access to technology so that we can recover from this tumultuous period”, Assembly President Bozkir said.

He explained that if the UN and wider international community are to ensure inclusive and equitable quality education for all, “we need to build resilient, inclusive education systems that allow all students to return to school.”

“To do so, we must meet the needs of those at risk of being left behind. Including children with disabilities and those living in conflict-affected areas, as well as the 11 million girls who are at risk of not re-entering the classroom.”

‘Recover and Revitalize Education’

The UN Educational, Scientific and Cultural Organization (UNESCO) will co-host an event on Monday, 25 January, planned around three main segments: learning heroes, innovations, and financing.

The agency says that as a new year begins, now is the time to step up collaboration and international solidarity to place education and lifelong learning at the centre of the recovery and the transformation towards more inclusive, safe and sustainable societies.

In a concept note on the event, UNESCO says it is the time to invest in better gearing education systems everywhere to the reality of interdependence that the pandemic has made necessary, and to making education a vehicle to foster social justice, peace, respect for diversity, human rights and democratic values.

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Xi Jinping’s Speech at Davos Agenda is Historic Opportunity for Collaboration

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Chinese President Xi Jinping called for both greater global efforts in the fight against an unprecedented public health crisis and a renewed commitment to multilateral cooperation, in a special address on Monday to business, government and civil society leaders taking part in the World Economic Forum’s virtual event, The Davos Agenda.

“The pandemic is far from over and the recent resurgence in COVID cases reminds us that we must carry on the fight,” Xi said. “There is no doubt that humanity will prevail over the virus and emerge even stronger from this disaster.”

“We should stay committed to keeping up with the times instead of rejecting change. Now is the time for major development and major transformation.”

Xi outlined several objectives required for a better future. They include the need to work together to achieve strong, sustainable, balanced and inclusive growth, to close the gap between developing and developed countries as a prerequisite for global prosperity, and to strengthen global cooperation in addressing the big common challenges, namely COVID-19 and climate change.

On cooperation

“We hope these efforts will bring more cooperation opportunities to other countries and give further impetus to global economic recovery and growth,” he said.

“We have been shown time and again that to beggar thy neighbor, to go it alone, and to
slip into arrogant isolation will always fail. Let us all join hands and let multilateralism light our way toward a community with a shared future for mankind.”

“Zero sum game or winner takes all is not the philosophy of the Chinese people.”

“We should stay committed to international law and international rules, instead of seeking one’s own supremacy”

On climate

“We need to deliver on the Paris Agreement on climate change and promote green development,” he said. “We need to give continued priority to development, implement the Sustainable Development Goals, and make sure that all countries, especially developing ones, share in the fruits of global development.”

Xi reiterated China’s commitment to implement the 2030 Agenda for Sustainable Development and promoting a green, low-carbon way of life and production, and achieving carbon neutrality before 2060.

“The earth is our one and only home. To scale up efforts to address climate change and promote sustainable development, bears on the future of humanity.”

On the economy

“Despite the trillions of dollars in relief packages worldwide, global recovery is rather shaky and the outlook remains uncertain. We need to focus on current priorities, and balance COVID response and economic development. Macroeconomic policy support should be stepped up to bring the world economy out of the woods as early as possible.”

On COVID-19

Containing the coronavirus is another pressing task for the international community, he said, stressing that closer solidarity and cooperation, more information sharing and a stronger response are what is needed to defeat COVID-19. He said China is committed to sharing its experience with other countries and assisting those less prepared for the pandemic and work for greater accessibility to COVID vaccines in developing countries.

On globalization

He also said China will continue to promote economic globalization and advance technology and innovation, and is committed to following through on its policy of opening up and continuing to promote trade and investment liberalization.

On technology

“Science, technology and innovation is a key engine for human progress… China will create an open, fair, equitable and non-discriminatory scientific environment that is beneficial to all.”

Klaus Schwab, the World Economic Forum’s Founder and Executive Chairman, thanked China for taking an active part in global efforts to combat COVID-19 and to implement the 2030 Agenda for sustainable development.

“2021 will be the critical year to re-establish trust in our ability to shape our common future in collective and constructive ways,” Schwab said. “We must win the fight against the virus, we must reinvigorate global economic growth and make it more robust, resilient, inclusive and sustainable, and at the same time, we must accelerate the transition to a net zero economy.”

He added: “We must come together to ensure that we capture the moment and move into the age of collaboration to build a better world.”

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World Bank and EU to Help Iraq Strengthen Public Financial Management Oversight

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The Government of Iraq, the World Bank Group, and the European Union signed today a grant agreement aimed at strengthening the Government of Iraq’s institutions and mechanisms of fiscal accountability and oversight at federal and sub-national levels. 

The project titled “Strengthening Public Financial Management (PFM) Oversight and Accountability Institutions” will benefit from jointly implemented US$12.5 million and is part of a technical assistance grant program signed back in September 2018 with the European Union to strengthen public financial management (PFM) oversight and increase the efficiency of public service delivery.

The program aims at improving PFM systems by strengthening payroll management through an IT platform. It will support transparency and accountability in the oil sector through the Extractive Industry Transparency Initiative. It will foster the anti-corruption agency which can help retrieve stolen assets and the auditor general as well as support the reform of State-Owned Enterprises. Other features will be strengthening procurement systems through e-procurement and supporting integrity in reconstruction programs. The project will also assist in further tackling revenue mobilization and fiscal federalism and can be revisited in one year to align further with government priorities.

This project compliments the ongoing World Bank-financed project titled “Modernization of Public Financial Management Systems” of US$41.5 million, which aims to improve financial information management and transparency, cash management, public investment management and public procurement modernization at selected federal and governorate agencies.

Now, more than ever, the importance of a strong public financial management system is critical”, said Ramzi Afif Neman, Head of World Bank Iraq Office. “The World Bank is committed to helping equip the Government of Iraq with mechanisms of fiscal accountability that are essential for sustainable reform, creation of a positive economic impact, and the restoration of public trust in the country’s financial institutions.

The efficient management of public finances and the delivery of services is critical in the achievement of public policy objectives, as well as for restoring the trust and social contract between Iraqi citizens and the country’s institutions”, said Martin Huth, European Union Ambassador to Iraq.

The project will support economic governance reforms at the federal level and in the Kurdistan region through technical assistance to many fiscal agencies, under the guidance of the Federal Ministry of Finance and the Prime Minister’s office. The project is in line with the economic reform “White Paper” recently published by the Government of Iraq which supports the overall World Bank Group’s development objectives and portfolio in Iraq. The project is also in line with the SDGs and European Union’s development objectives. 

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