Connect with us

News

Rohingya Crisis Growing, More Support Needed

Published

on

The Rohingya refugee crisis in southern Bangladesh is growing at a rapid pace and there is an urgent need to support the host communities to cope with the influx and to help the refugees who are extremely vulnerable, the World Bank said today.

After visiting the Rohingya camps in the Cox’s Bazar area, World Bank South Asia Region Vice President Annette Dixon praised the government of Bangladesh and its people for sheltering and caring for the large influx of Rohingya fleeing violence in Myanmar. She said the World Bank was ready to work with the government to help the host community and the displaced Rohingya people in Cox’s Bazar.

“The scale of the influx is enormous. As far as the eyes can see, lines after lines of shelters—made of plastic sheets and bamboos—stretched over the deforested hills. It is creating huge pressure on the infrastructure and services as well as on the water resources and the environment. When the monsoon approaches, the challenges with disease and natural disasters will increase,” she said.

She visited the registered and makeshift camps and spoke with the Rohingya and the local community. She also visited registration centers, health and food distribution centers, children centers and women-friendly spaces. While these efforts are helping the Rohingya cope, they will need more support to rebuild their lives.

The people and the government of Bangladesh have shown great generosity to the Rohingya people in their hour of need. As soon as the crisis broke, with the government, the local and international Non-Governmental Organizations (NGOs) and development partners extended support. This helped save thousands of lives,”  Dixon said. “But the needs are much greater. If the government seeks assistance, we can mobilize more resources to address the needs of both the host communities and the Rohingya people in a way that will continue to benefit the local people after the Rohingya leave.”

Dixon met local government officials and representatives of the many Bangladeshi and international relief agencies and NGOs that are working to support the Rohingya population in the Cox’s Bazar area.

Earlier in the week, Dixon spoke at the invitation of the government at the Bangladesh Development Forum in Dhaka. She praised Bangladesh’s remarkable success in reducing poverty and advancing development.

As she concluded today a five-day visit to Bangladesh, she said: “Bangladesh is an inspiration for development—it halved the number of people living in extreme poverty and created more opportunities for all. The country is at the cusp of another transformation: that of an upper middle-income country. The World Bank is committed to help Bangladesh address areas critical for achieving its vision of upper-middle income status.”

In the recent years, the World Bank support to Bangladesh has expanded. Currently, the World Bank’s support stands at nearly $10 billion, which represents a more than doubling in the last five years.

The World Bank was among the first development partners to support Bangladesh following its independence. Since then, the World Bank has committed close to $27 billion in grants and interest-free credits to the country.

Continue Reading
Comments

Finance

Uzbekistan Continues to Modernize its Tax Administration System

Published

on

 The World Bank’s Board of Executive Directors approved today the Tax Administration Reform Project in Uzbekistan, which is designed to improve the operational efficiency and effectiveness of the State Tax Committee (STC) and deliver better services to local taxpayers.

The project will be supported by a $60 million concessional credit from the International Development Association (IDA), with financing provided to the Government at a very low-interest rate and a repayment period of 30 years.

“The Government of Uzbekistan has prioritized reforms in the tax administration system to create a better business and investment environment. The new project will help the STC improve its work in the interest of taxpayers,” said Marco Mantovanelli, World Bank Country Manager for Uzbekistan. “In particular, the project will allow to broaden the tax base, leading to a reduction in the informal sector of the economy, which is estimated to be around 50% of GDP; to increase tax revenues; and to help firms and companies create new jobs, benefiting from a more efficient tax administration system.”

The project includes three key components directed at improving the STC’s operational, institutional, technological and human resource capacities, and promoting voluntary compliance across Uzbekistan.

Component 1 will invest in automating the STC’s core tax administration business processes. This includes developing the STC’s new tax management information system to reduce paperwork and simplify the process of paying taxes by businesses and individuals countrywide; upgrading hardware and technological infrastructure; creating a new data center for the STC; and improving governance and the planning capacity of the STC’s IT department.

Component 2 will assist with designing and implementing measures to reduce the informal sector of the economy. This includes improving the STC’s enforcement capabilities to detect and discourage tax evasion; encouraging businesses to stay out of the shadows, including through the use of non-tax incentives; and developing cooperative relationships with the private sector, including through designing new or simplified tax policies and procedures and building partnerships to change taxpayers’ behavior.

Component 3 aims to strengthen the STC’s human resource and institutional capacities to attract, develop, and retain skilled and knowledgeable tax officials. This includes improving STC’s human resources management policies and building capacity through the continuous professional development of tax officials. 

Continue Reading

Tech News

100 Start-ups Join WEF’s Technology Pioneers Community in 2021 Cohort

Published

on

The World Economic Forum announced today its 2021 Technology Pioneers, young and growing tech companies taking on top global concerns with innovative technologies and business models. From artificial intelligence (AI) to fintech, the 2021 Tech Pioneers cohort is using new tech to protect the climate, improve healthcare and much more.

“The 2021 cohort of Tech Pioneers includes many future headline makers at the forefront of their industries,” said Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. “These companies show great potential to not only shake up their industries but offer real solutions to global problems. They’ll bring great value to the World Economic Forum’s mission of improving the state of the world with their participation in the Technology Pioneers community.”

This year’s Technology Pioneers are emerging leaders in a wide range of industries that span healthcare, cleantech, AI, logistics and more. While at the cutting edge of their industries, many Technology Pioneers are also addressing global societal issues by using new tech to improve education options, address climate change issues and others.

Ceretai, for example, is a Technology Pioneer helping media companies uncover stereotypes and representation gaps in their content through automated diversity and equality analysis. Banyan Nation is using technology to support circular economy climate solutions in India. Century Tech is supporting personalized education options through combined innovations in learning science, AI and neuroscience.

This year’s cohort has the highest gender diversity yet, with over 30% of companies led by women. There are also 26 economies represented this year, with the United Arab Emirates, El Salvador, Ethiopia and Zimbabwe represented for the first time. All the 2021 Technology Pioneers are bringing great innovation to their regions.

FlexFinTx, for example, is building self-sovereign digital identities to help the over 400 million Africans that lack proper forms of identification. Meanwhile, Cambridge Industries is addressing climate change by developing sustainable city infrastructure to support waste-to-energy products.

Following their selection as Technology Pioneers, this year’s companies will join an impressive group of alumni that include many household names, such as Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

The 2021 cohort will also be invited to participate in World Economic Forum workshops events and high-level discussions throughout their two years in the community.

The 2021 Technology Pioneers include:

Africa

  • Cambridge Industries, Ethiopia: Innovating next-generation urban infrastructure through sustainable city parks
  • FlexFinTx, Zimbabwe: Building the next generation of identity management
  • Kuda Technologies, Nigeria: Providing Africans with access to credit and free banking services
  • Moringa School, Kenya:A workforce development platform serving African students
  • mPharma, Ghana:Building good health in Africa through technology-driven healthcare
  • Sokowatch, Kenya: Offering same-day delivery and working capital to African retailers

Asia Pacific

  • AI Medical Service, Japan: Developing the world’s first endoscopic AI for gastric cancer
  • Aspire, Singapore: Banking South-East Asia’s internet economy
  • Avant Meats, China: Biotechnology for healthy, tasty meats made sustainably without animals
  • Banyan Nation, India: Driving circular economy via technology-driven informal recycler integrative technology solutions
  • Black Lake Technologies, China: Cloud-based collaboration software empowering manufacturers with real-time data
  • Cinnamon, Japan: An AI platform to drive digital transformations
  • Civic Ledger, Australia: Helping the world reduce its water footprint
  • CredoLab, Singapore: Developing bank-grade digital credit scorecards built on mobile device metadata
  • DoBrain, Republic of Korea: Game-based learning to unlock and optimize children’s potential
  • Equota Energy, China: AI intelligence-based energy optimization, maintenance and carbon management company
  • HiNounou, China: Using AI to promote healthy ageing and intergenerational solidarity
  • Learnable, China: Interactive and explainable AI solutions on less data
  • MakinaRocks, Republic of Korea:Making industrial technology intelligent and delivering it as transformative solutions
  • mClinica, Singapore:Building the largest digital network of pharmacies in South-East Asia
  • Minieye, China: Using cutting-edge computer vision technology to lead automotive industry change
  • Ocean Protocol, Singapore: Unlocking the value of data – a new asset class
  • Praava Health, Bangladesh: A healthcare platform providing high-quality digital health and in-clinic experiences
  • SandStar, China: Providing leading computer vision technology for retail
  • Shannon Technology, China: A language-understanding intelligent service powered by advanced AI technology
  • Standard Energy, Republic of Korea:Manufacturer of vanadium ion batteries specifically for energy storage systems
  • Videonetics Technology, India:AI and deep learning-powered video computing platform development
  • Zyllem, Singapore:Software-as-a-service solution for logistics network management

Europe

  • Aave, United Kingdom: Built Aave Protocol, an open source and non-custodial liquidity protocol
  • Adhara, United Kingdom: Providing liquidity management and international payments for decentralized financial networks
  • Avrios, Switzerland: Empowering companies to own the true cost of mobility
  • Carbios, France: Green chemistry company providing an industrial solution to PET recycling
  • Century Tech, United Kingdom: Developing AI-based learning technologies
  • Ceretai, Sweden: Media diversity partner supporting companies with diversity strategies and insights
  • CloudNC, United Kingdom: Making manufacturing autonomous
  • Enapter, Italy: Providing green hydrogen technology through anion exchange membrane electrolyser manufacturing
  • EnginZyme, Sweden: Developing the definitive technology platform for sustainable chemical production
  • Greyparrot AI, United Kingdom: Waste recognition to increase transparency and automation in waste management
  • Hydrogenious, Germany: Enabling high-performing hydrogen value chains globally.
  • Parity Technologies, United Kingdom: Employing the blockchain pioneers who launched Ethereum, now building Polkadot
  • Polymateria, United Kingdom: A new scalable solution for the plastic pollution pandemic
  • Powell Software, France: Digital workplace solutions that improve the employee experience
  • PQShield, United Kingdom: Protecting information for the quantum era
  • Riaktr, Belgium: Developing software enabling telecom employees to make better data-driven decisions
  • Senseon, United Kingdom: A full-stack cyber-defence capability for the future, today

Latin America

  • Algramo, Chile: A platform connecting smart-reusable packaging with internet-of-things dispensers
  • Fondeadora, Mexico: Eliminating the inefficiencies related to the traditional banking system
  • Hugo Technologies, El Salvador: A multi-category marketplace for everyday products and services
  • Truora, Colombia: Fast, innovative, safe background checks and identity theft detection solutions

MENA

  • CHEQ, Israel: A global leader in customer acquisition security
  • CropX, Israel: Revolutionizing soil sensing, leading farmers into the connected soil era
  • MDClone, Israel: Self-service, big data, healthcare platform
  • MyndYou, Israel: Improving healthcare quality and lowering costs, engaging and listening
  • Phinergy, Israel: Clean energy generation and storage, using metals as energy carriers
  • Souqalmal, UAE: Building an online financial education platform in the Middle East

North America

  • 54gene, USA: Equalizing precision medicine
  • Airside Mobile, USA: Empowering businesses and people with privacy-based identity management
  • Akash Systems, USA: Manufacturing artificial diamond radios and satellites for low-cost internet access
  • AllStripes Research, USA: Unlocking new treatments for people affected by rare disease
  • Calibrate, USA: A telemedicine metabolic health business
  • CloudKnox, USA:Enabling organizations to implement least-privilege and zero-trust architecture
  • Crowdz, USA: Building a global ecosystem for good for receivables
  • DefinedCrowd, USA: A trusted data partner for AI
  • Diligent Robotics, USA: Building robots to support and empower patient care teams
  • Duality Technologies, USA: Enabling privacy-preserving collaboration and artificial intelligence on sensitive data
  • Dyndrite, USA: Powering the next generation of digital manufacturing
  • Enko Chem, USA:Crop health solutions, discovered and designed with intention
  • Evernym, USA:Leading globally in verifiable credential technology
  • FinMkt, USA: Omni channel and scalable point of sale financing software-as-a-service solutions
  • Gatik, USA: Developing and operating autonomous vehicles for B2B short-haul logistics
  • Gro Intelligence, USA: An AI-powered decision engine where ecology meets economy
  • Hazel Technologies, USA: Dedicated to solving the problem of food waste
  • HumanFirst, USA: Healthcare coming home, starting with digital clinical measures
  • Hypergiant, USA: Focusing critical infrastructure, space and defence using enterprise AI
  • Ionomr, Canada: Commercializing advanced ion-exchange materials to enable the hydrogen economy
  • January, USA: Analysing blood sugar and diet for diabetes control and prevention
  • Jopwell, USA: A diversity, equity and inclusion tech and human capital solution
  • Journera, USA: Helping brands improve marketing, customer experience and operations
  • Kobold Metals, USA: Deploying vanguard scientific computing to discover key battery material deposits
  • Kyndi, USA: Accurate and fast answers to any natural language question
  • LiveLike, USA: Converting passive audiences into engaged communities
  • Metabiota, USA: Building resiliency products and services for infectious disease threats
  • Mori, USA: Reducing waste and creating more sustainable supply chains
  • Natural Fiber Welding, USA: Creating circular and sustainable materials from plants and natural fibres
  • Numina, USA: Measuring street-level activity, privacy-first, to make the real world queryable
  • Pachama, USA: A tech-verified marketplace for nature-based carbon removals
  • Parsley Health, USA: Reversing chronic conditions with cutting-edge holistic medicine
  • Patientory, USA: Empowering users with insights from health data, improving health outcomes
  • Propel, USA: Helping low-income Americans make it through the month, every month
  • Propy, USA: An end-to-end real estate transaction platform facilitating transactions online
  • Reelgood, USA: An all-in-one streaming TV guide
  • Sinai Technologies, USA: Software to cost-effectively measure, analyse, price and reduce emissions
  • Skyhive, Canada: Optimizing human economies for companies, communities and countries
  • Tellus You Care:Improving eldercare with dignity and privacy
  • Unit21, USA: The command centre for risk, fraud and compliance
  • Upguard, USA: A cybersecurity platform that helps global organizations prevent data breaches
  • WooBloo, USA: Passionate about disrupting the smart home space
  • Wright Electric, USA: Building the next generation of aircraft – large, zero-emissions aircraft
  • Xanadu Quantum Technologies, Canada:A quantum technology company building fault-tolerant quantum computers using photonics
  • ZeroAvia, USA: The first practical zero-emissions, hydrogen-fuelled, powertrain technology provider for aviation

Continue Reading

Energy News

Korea shares experience of electric vehicles and renewable energy with Thailand

Published

on

The United Nations Industrial Development Organization (UNIDO) is supporting South-East Asian countries in combatting climate change through policy consultation and capacity building in the areas of renewable energy and energy efficiency.

At an event organized in cooperation with the Korea Energy Agency (KEA) and Thailand’s Department of Alternative Energy Development and Efficiency (DEDE), Ministry of Energy, Stein Hansen, UNIDO Regional Director and Representative of UNIDO Regional Office Hub in Thailand, highlighted the UNIDO project’s study on electric vehicle promotion in Thailand and the impact on the biofuel industry throughout the supply chain, and a road map to achieve 100% renewable energy use by industrial sector. 

Prasert Sinsukprasert, the Director General of DEDE, spoke about Thailand’s 20-year National Strategy plan and said the DEDE is delighted to partner with the project to come up with the draft policy of electric vehicles and roadmap to 100% renewable energy in Thai industry.

In a presentation on the current status and policies of electric vehicle distribution in the Republic of Korea, Minkoo Park remarked that in Korea the authorities provide incentives in the form of discounts on highway and parking charges and financial support for people purchasing electric vehicles. Hyein Jin provided information about Korea’s 2050 Carbon Neutrality Strategy.

All speakers agreed that the eco-friendly energy is challenging both in electric vehicles and renewable energy but that it is worth it to achieve sustainable growth.

Continue Reading

Publications

Latest

Trending