Connect with us

Newsdesk

Mexico officially joins IEA: First member in Latin America

Newsroom

Published

on

Mexico officially became the International Energy Agency’s 30th member country on 17 February 2018, and its first member in Latin America. The membership came after the signed IEA treaty (the IEP Agreement) was deposited with the government of Belgium, which serves as the depository state, following ratification by the Mexican Senate.

Mexico’s accession is a cornerstone of the IEA’s on-going modernization strategy, including “opening the doors” of the IEA to engage more deeply with emerging economies and the key energy players of Latin America, Asia and Africa, towards a secure, sustainable and affordable energy future.

The IEA Family of 30 Member countries and seven Association countries now accounts for more than 70% of global energy consumption, up from less than 40% in 2015.

“With this final step, Mexico enters the most important energy forum in the world,” said Joaquín Coldwell, Mexico’s Secretary of Energy. “We will take our part in setting the world’s energy policies, receive experienced advisory in best international practices, and participate in emergency response exercises.”

“It is a historic day because we welcome our first Latin American member country, with more than 120 million inhabitants, an important oil producer, and a weighty voice in global energy,” said Dr Fatih Birol, the IEA’s Executive Director. “The ambitious and successful energy reforms of recent years have put Mexico firmly on the global energy policy map.”

At the last IEA Ministerial Meeting, held in Paris in November 2017, ministers representing the IEA’s member countries unanimously endorsed the rapid steps Mexico was taking to become the next member of the IEA, providing a major boost for global energy governance.

They recognized that Mexico had taken all necessary steps in record time to meet international membership requirements since its initial expression of interest in November 2015. In December, the Mexican Senate ratified the IEP Agreement paving the way for the deposit of the accession instrument and for membership to take effect.

Mexico is the world’s 15th-largest economy and 12th-largest oil producer, and has some of the world’s best renewable energy resources. The IEA family will benefit greatly from Mexico’s contribution on discussion about the world’s energy challenges. The IEA is delighted to continue supporting implementation of Mexico’s energy reform with technical expertise, and further intensifying the fruitful bilateral dialogue of energy policy best practice exchange.

Continue Reading
Comments

Newsdesk

World Bank Committed to Support Nepal’s Development Goals

Newsroom

Published

on

World Bank Vice President for South Asia Region, Hartwig Schafer today reiterated the World Bank’s commitment to support Nepal in its ambitious transition to federalism, as he concluded a five-day visit to the country.

During his meeting with Prime Minister KP Sharma Oli, Schafer congratulated the government’s visionary goal of reaching middle-income country status by 2030, reaffirmed the World Bank’s commitment to support government priorities, and to seek additional resources through various available windows. In his meeting with Finance Minister Dr. Yuba Raj Khatiwada, Mr. Schafer also discussed further support to the federalism transition, as well as a potential International Investors’ Conference in 2019 in support of Nepal’s agenda to crowd in private finance for development.

With a stable government that has prioritized broad-based reforms and private sector-driven growth, I am positive that Nepal can achieve higher growth rates for the next several years. To sustain such growth, we want to help Nepal mobilize investments from sources that go beyond traditional development finance. We call this approach Maximizing Finance for Development. Private sector investment will only come if there is a transparent, conducive policy environment,” he said, “Nepal is one of the first countries where we are approaching this in a systematic way with the World Bank, IFC and MIGA coming in and helping to provide a platform for private investments in the energy, technology, and other sectors. This will also create jobs for more and more Nepalis, which is the need of the hour.”

The Vice President also had a joint field visit with Finance Minister Dr. Yuba Raj Khatiwada and Minister for Energy, Water Resources and Irrigation Barsha Man Pun to discuss the potential of tourism, hydropower and private sector investment in the country. The team visited Solukhumbu District and Sankhuwasabha District before observing the houses being rebuilt after the earthquake in the Majhi settlement of Gaikhura in Manthali Municipality, Ramechhap.

Walking through the houses being rebuilt, Schafer met members of local communities, commending their resilience and efforts to build back better after the earthquake. He also met elected members of parliament and local level representatives. “It is heartening to see the collective effort of so many actors to ensure that people’s homes and lives are rebuilt,” Schafer said. “We must pick up the pace of reconstruction, and also ensure that disaster risk reduction measures are put in place to deal with future contingencies.” The World Bank has provided a credit of $500 million to the Government of Nepal through the Earthquake Housing Reconstruction Project.

In Kathmandu, Schafer participated in the launch of a joint report of the World Bank Group entitled “Country Private Sector Diagnostic: Creating Markets in Nepal”. He was also part of the signing of two agreements between the Government of Nepal and World Bank. The agreements, totaling US$ 155.7 million, will be invested in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal, and in improving food security of vulnerable households and communities. In his first visit to Nepal as the World Bank Vice President for South Asia, Schafer also met with opinion leaders, senior government officials and civil society representatives. In engaging with the private sector, he visited Saral Urja, the investee clients of Business Oxygen (BO2), an IFC SME-Venture Fund, and Incessant Rain Animation Studios, a state-of-the-art animation and visual effects facility.

After his interactions with the team at Incessant Rain, Schafer commented, “I really enjoyed this opportunity to visit an enterprise that is nurturing the artistic and creative talents of the Nepalese youth. With a world class facility that provides services to well- known international clients, organizations like this play an important role in putting Nepal on the map as an outsourcing destination. Apart from contributing to the economic growth through exports and job creation, it is a pleasure to see a home-grown company that promotes the country’s rich cultural heritage and diversity. This is the kind of future we want for the private sector in Nepal, and the World Bank is committed to support this vision.”

Continue Reading

Newsdesk

UNWTO Partners with Niantic to Develop Innovative Tourism Experiences

Newsroom

Published

on

The World Tourism Organization (UNWTO) has partnered with one of its newest Affiliate Members, real-world games developer Niantic, to enhance global tourism through the use of mobile augmented reality game experiences.

UNWTO will collaborate with Niantic, creators of Pokémon GO and Ingress Prime, to curate unique campaigns around the world that will build awareness for the Organization’s Travel.Enjoy.Respect campaign, designed to enhance tourism’s contribution to the United Nations’ 2030 Agenda for Sustainable Development. Each activity will also be designed to inspire and support exploration, and promote safe and responsible gaming practices for players of all ages.

Niantic and UNWTO will work together to combine tourism and Augmented Reality technology for players to engage with real-world locations using Niantic’s mobile games in a variety of ways. Niantic’s games and global initiatives have brought millions of players from around the world together at real-world events that promote civic engagement and cultural diversity while highlighting local heritage.

“With our ongoing commitment to promote sustainable and responsible tourism, and Niantic having recently become a UNWTO Affiliate Member, this partnership is a natural fit,” said Ion Vilcu, Director of UNWTO’s Affiliate Members Department. “Niantic are pioneers in creating real-world mobile game experiences that not only motivate their players to discover new places, but also to appreciate the culture and beauty of the world around them,” he added.

“Our goal at Niantic is to create interactive games that encourage exercise, social interaction and exploration, giving players the opportunity to play together in the real world and discover the incredible history hidden in their own neighbourhoods,” said Anne Beuttenmüller, Head of Marketing EMEA at Niantic. “We’re looking forward to creating brand new adventures in collaboration with UNWTO to increase awareness around their mission of responsible tourism,” she added.

Niantic was accepted as an Affiliate Member on 31 October 2018 at the 109th session of UNWTO’s Executive Council, held in Manama, Bahrain. This new partnership helps to bolster UNWTO’s ongoing efforts to bring together the actors of the ‘ecosystem’ of tourism technology under its priority of innovation and the digital transformation in tourism.

Continue Reading

Newsdesk

UNIDO helps enhance the quality of industrial policy in Vietnam

Newsroom

Published

on

The United Nations Industrial Development Organization (UNIDO) and the Vietnam Industrial Agency of the Vietnamese Ministry of Industry and Trade jointly organized a four-day training workshop on “Enhancing the quality of industrial policy in Viet Nam – White Paper on Vietnam’s New Industry Policy” in Hanoi, from 12 to 17 November 2018.

Conducted under the framework of the project “Support to the Government of Viet Nam in the formulation of Sub-Sector Industrial Strategy and of related Implementation Policy through Institutional Capacity Building”, which is funded by the Ministry of Foreign Affairs of the Republic of Korea, the workshop showcased studies on horizontal factors such as population ageing, Industry 4.0, and the current China-US trade relations and their impact on selected sectors including textile and apparel, leather, automotive, electronics and food processing. Inputs from the workshop will inform a White Paper on Vietnam’s New Industrial Strategy to be launched in June 2019.

“The workshop is one in a series of capacity development activities for senior policymakers in Viet Nam,” said UNIDO Project Manager Jung Jaehwan. “Learning will be based on international best practice and innovative research and conducted by a combination of researchers, practitioners and policymakers.”

Participants included UNIDO experts and staff from the Korea Institute for Industrial Economics and Trade (KIET) as well as representatives from various Vietnamese business associations.

Continue Reading

Latest

Trending

Copyright © 2018 Modern Diplomacy