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Leaders Call for More Investment in Education to Empower Women

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Canada is doubling its contribution to the Global Partnership for Education to $180 million a year, Justin Trudeau, Prime Minister of Canada, told participants at the World Economic Forum Annual Meeting.

Trudeau said that for any society to prosper, everyone has to be given the chance to succeed and to realize their dreams. Education is central to providing that chance.

The Global Partnership for Education is an international organization focused on getting all children into school for a quality education in the world’s poorest countries.

Emphasizing the particular importance of educating girls and women, Trudeau said: “Educate and empower women and the debate changes, the concerns change and the type of decisions made change – all for the better.” He added that Canada has adopted a “global feminist development policy”, with all initiatives looked at “through a gender lens”. This was “the most effective way of making a lasting difference in the world,” he said.

Trudeau also strongly backs an educational focus on science, technology, engineering and mathematics (STEM), saying a thorough understanding of science method and skills such as coding will help people adapt to the rapidly changing nature of work. “Even symphonic composers and filmmakers will need to be powerful users of technology,” he said.

He called on men to be protagonists in the empowerment of women: “Men must have the courage to be feminists and the integrity to be allies.”

Sharing the platform with Trudeau was Malala Yousafzai, Girls’ Education Activist and Co-Founder of the Malala Fund in the United Kingdom. She urged the world’s business sector to contribute far higher levels of funding to girls’ education than they do at present.

“With investment in women, the returns are very high and the opportunity costs very low,” she said. “Educated, skilled women lift economic growth, help reduce poverty, change perceptions and eradicate evils like child labour. But we must make a first step and start funding for learning.”

Fabiola Gianotti, Director-General of the European Organization for Nuclear Research (CERN), said she is a proponent of a diverse education to form well-rounded citizens. “As a scientist, I would say that my early studies in the humanities have contributed as much to me as a person as physics has,” she added.

The world is wasting vast human potential by failing to properly educate young people, said Orit Gadiesh, Chairman of Bain & Company. She added that a basic education is no longer sufficient to last a person a lifetime. “We need to inspire people to continue to seek out new knowledge, to learn new jobs – jobs that don’t exist today. Young people need to believe that they can continue learning.”

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UNIDO and Italy further strengthen cooperation with focus on Africa and innovative partnerships

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The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, spoke at the opening ceremony of the ‘International Cooperation Expo: job creation and innovation for sustainable development’ (EXCO 2019), which was organized under the patronage of the Italian Ministry of Foreign Affairs and International Cooperation, the Italian Agency for Development Cooperation, the European Commission and IFAD.

“I welcome the organization of the EXCO, as it is very clear that the ambitious goals of the 2030 Agenda cannot be achieved by one country or by one institution alone,” said Li. “Our experience shows that a multilateral approach, and particularly working in partnerships, is key to addressing these challenges.”

The UNIDO Director General then opened the UNIDO International Award Ceremony, ‘Innovative ideas and technology on agribusiness’, as well as the ‘EXCO 2019 Hackathon: solutions for sustainable development’, with both also taking place in the Fiera di Roma. Organized by the UNIDO Investment and Technology Promotion Office (ITPO) in Italy jointly with the Future Food Institute, the Award Ceremony invited submissions of the best technologies and the most innovative and sustainable worldwide solutions in the agriculture and agro-industry sectors.

“The role of UNIDO and in particular the interventions by our ITPO network to transfer new technologies and sustainable production models including investments are fundamental to overcome barriers and help countries achieve the goals of the 2030 Agenda,” said the UNIDO Director General. “Indeed, this award aims to support developing countries with innovative models to increase production in a sustainable manner and to build a resilient agribusiness environment.”

Li also met with Deputy Minister of Foreign Affairs and International Cooperation, Emanuela Claudia Del Re, to discuss scaling-up interventions in the agribusiness sector, including with long-standing private sector partners such as Illy Caffé, also how to benefit from the important expertise and interest of the Italian private sector. During their meeting, the Director General and the Deputy Minister also discussed opportunities to diversify the ongoing cooperation to new sectors of mutual interest, such as energy and the environment.

“The significant and vital relationships between UNIDO and the Italian Government for implementing development initiatives in the partner countries of the Italian Development Cooperation have been reviewed,” said Del Re. “From the Italian side, interest has been shown toward the new approach set by UNIDO in defining integrated projects with the private sector, such as the new initiative ‘UNIDO partnership model for de- risking investments in the Ethiopian coffee sector’.”

The UNIDO Director General also met Executive Vice President of ENI, Alberto Piatti, together with Director General of the Italian Ministry of Foreign Affairs and International Cooperation, Giorgio Marrapodi, to explore cooperation opportunities, notably in the field of applied research on energy as well as agro-value chains.

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Small Business in Kosovo to Gain Improved Access to Finance with World Bank Support

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The World Bank’s Board of Executive Directors has approved the Kosovo Financial Sector Strengthening Project, to improve access to finance for Micro, Small and Medium Enterprises (MSMEs), including startups, young entrepreneurs and women-owned businesses, by strengthening the financial and technical capacity of the Kosovo Credit Guarantee Fund (KCGF). The financial support for the project is €22.3 million ($25 million equivalent).

“The World Bank is pleased to support Kosovo authorities’ efforts to increase access to finance and ultimately enhance private sector job creation,” said Marco Mantovanelli, World Bank Country Manager for Kosovo.

The project will provide funds through the Ministry of Finance to KCGF to issue credit guarantees to support access to finance to MSMEs. As these types of businesses dominate the real economy and the labor market, improving their access to finance will support job creation and economic growth. With a focus on the underserved and productive segments of the economy, the project has the potential to directly impact poverty reduction, especially among youth and women. Currently, some creditworthy MSMEs do not have access to finance due to high collateral requirements, lack of credit history, or lack of financial reporting. The project will focus on these firms along with improving financial terms for firms who already have access to finance. It also aims to crowd in private sector funds to financing MSMEs by providing support to the partial guarantee scheme.

The project will support KCGF to develop special products targeted to women-owned businesses, startups and young entrepreneurs and develop monitoring and evaluation framework to track financial and economic impact of beneficiaries of KCGF.

This initiative is financed with a credit from the International Development Association (IDA) of the World Bank Group. IDA credits are provided on concessional terms with zero or very low interest rates and long repayment periods. The financing for this project has a maturity of 30 years, including a 5-year grace period. The KCGF, a local, independent, sustainable, credit guarantee facility, will be responsible for the implementation of the project. KCGF enjoys full operational and administrative autonomy. It offers credit guarantees to Registered Financial Institutions on selected loans to MSMEs.

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ADB Marks International Day Against Homophobia, Transphobia, and Biphobia

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The Asian Development Bank (ADB) is marking the International Day Against Homophobia, Transphobia, and Biphobia (IDAHOT) for the first time by hosting two events over 2 days at ADB headquarters in Manila.

“ADB supports LGBT+ inclusion within and outside its organization. We are committed to a diverse and inclusive workforce where everyone is treated with respect regardless of gender, nationality, ethnicity, religion, sexual orientation, physical ability, and thinking style. We recognize that the promotion and strengthening of diversity, inclusion, and equality at ADB is critical to our effectiveness as an organization,” said ADB President Mr. Takehiko Nakao.

On 16 May, IBM Philippines President and Country General Manager Ms. Aileen Judan-Jiao made a presentation on IBM’s programs and initiatives to foster a diverse and inclusive workplace for all employees, including for those from the lesbian, gay, bisexual, transgender, and related communities (LGBT+).

ADB hosted a panel discussion on 17 May, which brought together ADB experts and civil society representatives to discuss ways to promote the inclusion of LGBT+ communities in ADB operations. The panel members included civil society leaders from APCOM, the Asia Pacific LGBT+ health and rights organization, and Babaylanes, the Philippines LGBT+ student and youth organization. 

The inclusion of vulnerable groups in societies, including LGBT+ people, is critical to achieving a prosperous, inclusive, resilient, and sustainable region, as envisioned in ADB’s Strategy 2030.

IDAHOT promotes inclusion and recognizes efforts to overcome the exclusion, discrimination, and violence that the LGBT+ community continues to experience in many parts of the world, including in Asia and the Pacific. IDAHOT recognizes the significant progress that has been made towards equality in many parts of the world. The date of 17 May was chosen to commemorate the World Health Organization’s decision in 1990 to declassify homosexuality as a mental disorder.

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