Connect with us

Newsdesk

Support Grows for Global Fund to End Modern Slavery

Newsroom

Published

on

Speaking at a press conference during the World Economic Forum Annual Meeting in Davos-Klosters, United States Senator Bob Corker of Tennessee, Monique Villa, Chief Executive Officer, Thomson Reuters Foundation, and Gary Haugen, Chief Executive Officer, International Justice Mission, spoke of the urgent need for coordinated global action to end slavery.

Corker highlighted the creation of the Global Fund to End Modern Slavery (GFEMS), a public-private partnership, which will fund programmes to combat modern slavery in the countries where it is most prevalent. With initial funding from the United States and the United Kingdom, the GFEMS is a bold public-private partnership seeking to develop a $1.5+ billion fund and coordinate a coherent, global strategy to address modern slavery.

Faced with the unprecedented challenge of 40 million people living in modern slavery, GFEMS will collaborate across sectors and geographies with a focus on three core programmatic pillars: rule of law, business engagement and sustaining freedom. “The United States is grateful to join the UK and other governments around the world who are committed to a comprehensive approach to end modern slavery,” Corker said. “I look forward to engaging other international partners as we embark on what we hope will be a game-changer in this fight.”

In a statement, Jean Baderschneider, Chief Executive Officer of the new Global Fund, emphasized the critical role of business: “Modern slavery is a crime of economic opportunity. Addressing it in a sustainable way requires a coherent global strategy and mobilization of resources commensurate with that strategy. This includes close engagement with the private sector as allies and partners. We believe that sustainably ending modern slavery will require market-based solutions and proactive business leadership. There is potential for businesses and investors to drive change like we have never seen before.”

“Effective partnerships are essential to eradicate forced labour,” said Monique Villa, Chief Executive Officer, Thomson Reuters Foundation. “The Stop Slavery Award, created by us with Anish Kapoor, is a good example of how bold initiatives are able to galvanize corporate engagement. From Adidas to Apple to Walmart, the number of companies applying for the award demonstrates that big corporations are taking action in the fight against slavery and this is very encouraging. To continue bolstering this momentum, we are now partnering with Humanity United to rank the world’s top 300 companies based on their efforts to eradicate forced labour. The index will be called the Know the Chain – Stop Slavery Index.”

“The creation of the Global Fund to End Modern Slavery is an historic opportunity to equip global good intentions with a coherent strategy that could actually end slavery in our lifetimes,” said Gary Haugen, Chief Executive Officer, International Justice Mission.

“We now know that effective law enforcement, excellent survivor services and energized business engagement is necessary to end impunity and put the $150 billion slavery industry out of business for good. Working together we have a unique opportunity to provide freedom to more than 40 million women, men and children currently living in slavery. Now is the time.”

Modelled on the Global Fund to Fight Aids, TB and Malaria, this new initiative provides a vehicle for effective collaboration between the private sector, governments and NGOs to face new global challenges in the Fourth Industrial Revolution.

Continue Reading
Comments

Newsdesk

Improved Skills and Job Opportunities for Youth in Maldives

Newsroom

Published

on

The World Bank Board of Directors today approved a $20 million financing to provide market relevant skills and increase employment opportunities for youth in Maldives.

Basic human development indicators are high in Maldives, with the adult literacy rate at 98.6 percent and life expectancy at 77.6 years. The new project will help the Government of Maldives accelerate human capital accumulation, increase employment opportunities for young people, promote equitable economic and social progress in the country, and fulfill the vision for a climate sensitive Blue Economy.

“The Maldivian youth hold the key to the country’s future prosperity,” said Idah Z. Pswarayi-Riddihough, World Bank Country Director for Maldives, Nepal and Sri Lanka. “We are happy to partner with the Government to develop ‘A 21st Century Skills Development Strategy’ and test a diversified approach to skills and entrepreneurship that are responsive to the demand-led labor markets and the needs of the local population, particularly the most vulnerable groups.”

This project will also focus on improving female labor-force participation in Maldives by fostering new skills development, such as programming bootcamps to empower young women to pursue home-based work in ICT-related services.

Shobhana Sosale, Adja Mansora Dahourou, and Harsha Aturupane, Project Task Team Leaders from the World Bank highlighted that “Diversified skills and entrepreneurship development will help Maldivian youth to become more employable, harnessing their contribution to the development of the country and promoting the well-being of their communities. We hope that the project can contribute to setting up strong decentralized skills and entrepreneurship ecosystems for accountable, effective and responsive lifelong learning and opportunities for youth.”

The new Enhancing Employability and Resilience of Youth Project will be co-implemented by the Ministry of Higher Education and Ministry of Economic Development along with island administrative councils, city councils, and women’s committees participating in the project. The total project cost is $20 million, including a $10 million grant and a $10 million credit from the International Development Association.

Continue Reading

Energy News

IEA takes part in G20 Energy and Environment Ministerial in Japan

Newsroom

Published

on

The IEA's contributions to the G20 this year include a major report on hydrogen as well as work on innovation gaps and investment in low-carbon power. (Photograph: IEA)

The International Energy Agency has provided in-depth support for this weekend’s meeting of G20 energy and environment ministers, including the publication of a major new study on hydrogen’s potential role in global energy transitions.

Under Japan’s G20 presidency, the ministerial meeting took place in the town of Karuizawa.

The IEA report on hydrogen – The Future of Hydrogen: Seizing Today’s Opportunities – analyses hydrogen’s current state of play and offers recommendations for its future development and how it can help to tackle critical energy challenges. The IEA carried out the study at the request of Japan’s G20 presidency. It was launched Friday by Dr Fatih Birol, the IEA’s Executive Director, alongside Mr Hiroshige Seko, Japan’s Minister of Economy, Trade and Industry.

The IEA provided several other important contributions to the G20 this year at the presidency’s request, including an analysis identifying more than 100 innovation gaps across the energy system and recommendations for how to fill them; a report on securing investment in low-carbon power generation; and other activities and analyses to encourage greater international collaboration on data gathering.

The IEA’s G20 work also involves tracking progress towards phasing out inefficient fossil fuel subsidies that encourage wasteful consumption. This is done through an annual update in the World Energy Outlook, the IEA’s flagship publication, and a joint report with the Organisation for Economic Co-operation and Development.

At the ministerial meetings in Karuizawa, Dr Birol presented findings from the new reports and spoke about other important topics, including energy access in Africa, tracking progress towards clean energy goals and developments in the global trade in liquefied natural gas (LNG). (Slides from his two presentations are available here and here.)

On the sidelines, he held bilateral meetings with ministers from several countries, including Australia, Brazil, India, Indonesia, Japan, Saudi Arabia and Singapore.

The IEA also supported the official side events of the ministerial meetings: the G20 Natural Gas Day, the G20 Energy Efficiency Financing Summit and hydrogen investor events in Japan. The IEA’s contributions to this year’s G20 are the latest instance of the agency’s active support for a range of G20 meetings and work streams over the past 10 years.

Continue Reading

Newsdesk

Special Course on “China’s Foreign Policy and Economy-2019” Launched in Armenia

Newsroom

Published

on

The “China-Eurasia” Council for Political and Strategic Research in cooperation with the Armenian State University of Economics, started the “Rethinking China’s Foreign Policy and Economy-2019” Special Course.

The main aim of this special course is to introduce China’s Foreign Policy to those who are interested in China and its politics, providing them with solid knowledge and information about this great power, which increases its economic and political influence in the world through its Belt and Road Initiative.

The special program conducted by Armenian, Chinese and foreign scholars, who cooperate with the “China-Eurasia Council for Political and Strategic Research, Foundation and have solid professional background of doing research on issues related to China’s foreign policy and economy.

As a result of competition only 32 young specialists won the opportunity to be invited to participate as students in this significant course.

During the opening ceremony of Special Course, Vice-President of the National Assembly of the RA Lena Nazaryan spoke about the importance of deepening Sino-Armenian relations. She mentioned that the current government stresses the importance of further development of relations with China. Mrs. Nazaryan talked about the visit of the Prime Minister of Armenia Nikol Pashinyan to China. During her speech, she introduced also the results of the negotiations with the Vice Chairperson of the Standing Committee of the National People’s Congress of the of the People’s Republic of China (PRC) Shen Yueyue during her official visit to Armenia. The Vice-President talked about the necessity of further cooperation with the academicians particularly stressed the importance of the Initiative of special course “Rethinking China’s Foreign Policy”.

In turn, His Excellency Chinese Ambassador to Armenia Mr. TianErlong presented the main directions of China’s foreign policy, spoke about the goals and success of the “Road and Belt” initiative. Mr. Tian Erlong mentioned about peculiarities of the Chinese foreign policy: Five principles of peaceful coexistence. Talking about the Armenian-Chinese relations, he mentioned about the great potential of two countries that still must be used and developed.

The head of the “China-Eurasia” Council for Political and Strategic Research-Dr. Mher Sahakyan noted that considering the growing role of China in the current world order, it is a necessity to study and understand this country, deepen relations between Armenia and China. He expressed hope that the participants of the course “Rethinking China’s Foreign Policy and Economy” will use the knowledge gained within the framework of this program to further develop Armenian-Chinese relations for the sake of Motherland.

In turn, professor, Dr. Ruben Hayrapetyan stated: “I think that organizing such kind of trainings is of great importance for our country. It is now that we must decide how and with what kind of effectiveness, we will pursue our foreign policy as human resource is the most important one. For the development of the latter we are obliged to transfer and disseminate the skills and capacities that will provide a significant result in long term prospective throughout such kind of trainings. Cooperation with China has always been and will continue to be one of the priorities for our country. Thus, as a result of the course, we expect that participants will have a greater opportunity to contribute to the development of Armenian-Chinese relations in all directions thanks to their knowledge gained.

Continue Reading

Latest

Newsdesk46 mins ago

Improved Skills and Job Opportunities for Youth in Maldives

The World Bank Board of Directors today approved a $20 million financing to provide market relevant skills and increase employment...

Economy6 hours ago

8 facts you don’t know about the money migrants send back home

Here are eight things you might not know about the transformative power of these often small – yet major –...

Middle East8 hours ago

The tension between Iran and the United States

At the beginning of last summer, precisely on May 8, 2018, US President Donald J. Trump carried out one of...

Science & Technology10 hours ago

Girls Don’t Code? In The Caribbean, They Lead Tech Startups

Research shows that science, technology, engineering, and mathematics (STEM) are still male-dominated fields. According to the U.S. Department of Commerce, in...

Energy News11 hours ago

IEA takes part in G20 Energy and Environment Ministerial in Japan

The International Energy Agency has provided in-depth support for this weekend’s meeting of G20 energy and environment ministers, including the publication...

Southeast Asia14 hours ago

Building cohesive societies: Southeast Asian states take on gargantuan challenge

Several Southeast Asian governments and social movements are seeking to counter mounting polarization and inter-communal strife across the globe fuelled...

Africa16 hours ago

Water Diplomacy: Creating Spaces for Nile Cooperation

The Nile River is the longest river on the earth, with eleven nation states sharing it and over 487 million...

Trending

Copyright © 2019 Modern Diplomacy