Connect with us

Newsdesk

Inequality, Climate Change, Aging: Three Key Challenges for China’s New Era

Newsroom

Published

on

Asian Development Bank (ADB) President Takehiko Nakao addressed the China Development Forum (CDF), which opened today in Beijing. Mr. Nakao will meet Premier Li Keqiang along with other participants of the CDF. He also participated in a roundtable with Vice Premier Liu He.

During his visit to Beijing, Mr. Nakao met the new Finance Minister and ADB Governor Liu Kun to exchange views on the status of the global and PRC economies, the PRC’s reforms including in the fiscal area, and the strong development partnership between ADB and the PRC. Minister Liu and Mr. Nakao agreed to promote regional cooperation through the Belt and Road Initiative, the Central Asia Regional Economic Cooperation Program, and the Greater Mekong Subregion Economic Cooperation Program.

In his remarks to the CDF, Mr. Nakao praised the PRC for its remarkable development over the past 40 years. The PRC has grown from one of the poorest countries in the world to the second largest economy globally, and it is on the verge of reaching upper-income status. “The China Development Forum is especially memorable this year as it marks the 40th anniversary of China’s start of reforms and opening up,” said Mr. Nakao.

Mr. Nakao highlighted three policy challenges for the PRC as it transitions to high-quality growth in a new era: (i) inclusiveness, (ii) climate change and the environment, and (iii) an aging society. He emphasized, in particular, the need for inclusive development. Mr. Nakao remarked “China is already a very dynamic and innovative country with momentum for continued growth. Making society more inclusive and equal is a greater challenge for China than achieving further technological development and industrial transformation.”

In his speech, Mr. Nakao stressed that macroeconomic stability and efficient markets are prerequisites for tackling the three challenges and, more generally, promoting sustainable and inclusive growth.

ADB operations are supporting the PRC in meeting the three challenges.

To support inclusiveness, ADB is providing the country with technical assistance to reform the tax system. Making the taxation more progressive and broadening the coverage of personal income taxes will improve equity and help augment government revenue to fund the delivery of social services. ADB is also focusing on education and skills development, including technical and vocational education and training, especially in lagging areas such as Guangxi and with a focus on gender. In addition, ADB is supporting small and medium-sized enterprises through microfinance and capacity building.

Mr. Nakao commended the PRC’s efforts in promoting a better environment, building a green economy, and mitigating climate change under the COP21 Paris Agreement. Since 2015, ADB has been working with the government to improve air quality in the Greater Beijing–Tianjin–Hebei region through a series of reform programs and projects. ADB is also planning to provide $2 billion during the 13th Five-Year Plan period of 2016–2020 to help the PRC address water pollution control and water resources management in the upper and middle reaches of the Yangtze River.

ADB is supporting the PRC’s development needs in an aging society, where the number of people aged 65 years and older reached a record 158 million in 2017. For example, ADB has been supporting efforts to reform the rural social security system, strengthen health and pension administration, and build age-friendly cities.

The CDF is a high-level event organized by the Development Research Center of the PRC’s State Council. Founded in 2000, the annual event offers a platform for global business leaders, representatives of international organizations, and international experts including Nobel Laureates to have direct dialogue with the PRC’s top decision makers and economic planners. Mr. Nakao has attended the CDF since 2014 as one of the first foreign speakers.

The PRC became an ADB member in 1986. Between 1986 and 2017, ADB provided close to $38 billion in loan assistance to the PRC, comprising $34 billion for the public sector and $4 billion for the private sector. ADB has also been supporting the PRC through knowledge work, with $334 million in technical assistance grants approved since 1986.

Continue Reading
Comments

Newsdesk

UN mourns death of former Secretary-General Kofi Annan, ‘a guiding force for good’

Newsroom

Published

on

Kofi Annan was the seventh Secretary-General of the United Nations. In this photo from 2003, he is addressing reporters at Headquarters. UN Photo/Evan Schneider

The United Nations is mourning the death of former Secretary-General Kofi Annan, who passed away peacefully after a short illness, according to a statement published on his official Twitter account on Saturday. The renowned Ghanain diplomat was 80 years old.

The current UN chief, Antonio Guterres hailed him as “a guiding force for good” and a “proud son of Africa who became a global champion for peace and all humanity.”

“Like so many, I was proud to call Kofi Annan a good friend and mentor. I was deeply honoured by his trust in selecting me to serve as UN High Commissioner for Refugees under his leadership. He remained someone I could always turn to for counsel and wisdom — and I know I was not alone,” Mr. Guterres said in a statement.

“He provided people everywhere with a space for dialogue, a place for problem-solving and a path to a better world.  In these turbulent and trying times, he never stopped working to give life to the values of the United Nations Charter. His legacy will remain a true inspiration for all us.”

Kofi Annan was born in Kamasi, Ghana, on 8 April 1938.

He joined the UN system in 1962 as an administrative and budget officer with the World Health Organization in Geneva, rising through the ranks to hold senior-level posts in areas such as budget and finance, and peacekeeping.

He served as UN Secretary-General for two consecutive five-year terms, beginning in January 1997.

Mr. Annan joined the UN system in 1962 as an administrative and budget officer with the World Health Organization (WHO) in Geneva, rising to hold senior-level posts in areas such as budget and finance, and peacekeeping.

As Mr. Guterres noted: “In many ways, Kofi Annan was the United Nations. He rose through the ranks to lead the organization into the new millennium with matchless dignity and determination.”

From his beginnings in Geneva, Mr. Annan held UN posts in places such as Ethiopia, Egypt, the former Yugoslavia and at Headquarters in New York.

Following Iraq’s invasion of Kuwait in 1990, he was tasked with facilitating the repatriation of more than 900 international staff as well as the release of Western hostages.

He later led the first UN team negotiating with Iraq on the sale of oil to fund purchases of humanitarian aid.

Immediately prior to his appointment as Secretary-General in January 1997, Mr. Annan headed the UN Department of Peacekeeping Operations during a period which saw an unprecedented growth in the Organization’s field presence.

His first major initiative as UN chief was a plan for UN reform, presented to Member States in July 1997.

Mr. Annan used his office to advocate for human rights, the rule of law, development and Africa, and he worked to bring the UN closer to people worldwide by forging ties with civil society, the private sector and other partners.

As Secretary-General, he also galvanized global action to fight HIV/AIDS and combat terrorism.

Mr. Annan and the United Nations jointly were awarded the Nobel Peace Prize in 2001.

In his farewell statement to the UN General Assembly in December 2006, Kofi Annan expressed emotion over leaving what he called “this mountain with its bracing winds and global views.”

Although the job had been difficult and challenging, he admitted that it was also “thrillingly rewarding” at times.

“And while I look forward to resting my shoulder from those stubborn rocks in the next phase of my life, I know I shall miss the mountain,” he said.

However, Mr. Annan did not rest, taking on the role of UN Special Envoy for Syria in the wake of the conflict which began in March 2011.

He also chaired an Advisory Commission established by Myanmar in 2016 to improve the welfare of all people in Rakhine state, home to the minority Rohingya community.

His homeland, Ghana, established an international peacekeeping training centre that bears his name, which was commissioned in 2004.

Continue Reading

Newsdesk

Waste-to-energy and circular economy workshops to be held in Uruguay

Newsroom

Published

on

photo: UNIDO

The Secretariat of the United Nations Framework Convention on Climate Change (UNFCCC), the United Nations Industrial Development Organization (UNIDO), the Technology Executive Committee (TEC), and the Climate Technology Centre and Network (CTCN) are organizing two workshops during the Latin America & Caribbean Climate Week (LACCW), which will take place between 20 and 23 August in Montevideo. The sessions, titled: “Enabling circular economy solutions to boost climate action” and “Enabling waste-to-energy, industrial waste reuse and prevention solutions to achieve circular economy and boost climate action”, will be held as part of the Regional Technical Expert Meetings on Mitigation (TEMs-M) and the Marrakech Partnership for Global Climate Action.

The first workshop will present the concept of “circular economy”, an alternative to a traditional linear economy (make, use and dispose), which is restorative and regenerative by design and redefines products and services to design waste out, being ultimately powered by renewables. The second workshop will then discuss how waste-to-energy, industrial waste reuse and prevention solutions are integral parts to achieving a circular economy and its associated economic and environmental benefits.

The events will bring together members from the civil society, UN agencies and financial institutions. The high-impact case studies presented will serve as a basis for discussion on the vision/goal in terms of harnessing mitigation potential and co-benefits of circular economy related policies, practices and actions as well as on innovative approaches to waste-to-energy and waste reuse/prevention that are actionable in the short term for the region. Participants will learn the necessary elements for replication and upscaling of circular economy and specifically waste-to-energy solutions, such as policy, partnerships and the need of financial, technical and capacity building resources.

Manuel Albaladejo, UNIDO Representative in Uruguay, said, “It is important to understand that the circular economy starts at the design stage and that profitability rarely comes by bending a linear model into a circular one.”

With the Latin America Carbon Forum as a cornerstone event, the focus of Latin America & Caribbean Climate Week (LACCW) will be placed on market-based approaches, economic instruments and climate-aligned finance to drive investment in climate action.

Continue Reading

Newsdesk

Multilateralism: The only path to address the world’s troubles

Newsroom

Published

on

Secretary-General António Guterres (center) meets with Rohingya refugees in Cox’s Bazaar, Bangladesh. Photo: UNFPA Bangladesh/Allison Joyce

As the world’s problems grow, multilateralism represents to best path to meet the challenges that lie ahead, said United Nations Secretary-General António Guterres on Tuesday, launching his annual report.

The Report of the Secretary-General on the Work of the Organization  for 2018, also tracks the progress made over the last year in maintaining peace and security, protecting human rights, and promoting sustainable development.

“I started my tenure calling for 2017 to be a year of peace, yet peace remains elusive,” said the UN chief in the report’s introduction, noting that since January last year “conflicts have deepened, with grave violations of human rights and humanitarian law; inequality has risen, intolerance has spread, discrimination against women remains entrenched and the impacts of climate change continue to accelerate.”

“We need unity and courage in setting the world on track towards a better future,” stressed Mr. Guterres, crediting the Sustainable Development Goals (SDGs) for generating coordinated efforts by Member States and civil society to “alleviate poverty and build peaceful, prosperous and inclusive societies.”

Wide-ranging reform

The most comprehensive reform of the UN development system in decades already underway, led by Mr. Guterres and his deputy, Amina Mohammed, aims to strengthen the Organization’s capacity to support Member States in achieving the 17 SDGs.

While the report points to gains, such as increased labour productivity, access to electricity and strengthened internet governance, it also illustrates that progress has been uneven and too slow to meet the 2030 Agenda for Sustainable Development Goals within the given time frame.

For example, in 2015, three out of 10 people did not have access to safe drinking water, and  60 per cent lacked safe sanitation. Moreover conflicts, disasters and climate change are also adversely affecting populations.

The report underlines the importance of building stronger multilateral partnerships with Member States; regional and international organizations; and civil society; to “find solutions to global problems that no nation alone can resolve.”

Although the 2018 High-Level Political Forum on Sustainable Development of 2018 reflected some positive initiatives, it also showed the urgent need to step up efforts in areas such as energy cooperation, water and terrestrial ecosystems.

According to the report, “partnerships are key to achieving the SDGs” – and as of June, 3,834 partnerships had been registered with the Partnerships for the SDGs online platform from different sectors across all the 17 goals.

With regard to technology, last October a joint meeting of the Economic and Social Council (ECOSOC) and the Second Committee welcomed Sophia, the first robot to sit on a UN panel. This gave a glimpse into the advances being made in the realm of Artificial Intelligence.

Turning to young people, UN Youth Envoy, Jayathma Wickramanayake, of Sri Lanka, is continuously advocating for their needs and rights, including in decision-making processes at all levels, and in strengthening the UN system’s coordination on delivering for youth, and with their increased participation.

The UN report also spoke to the growing scale, complexity and impact of global migration. In July, the General Assembly agreed a Global Compact for Safe, Orderly and Regular Migration, which will be presented for adoption in December at an Intergovernmental Conference in Morocco.

Continue Reading

Latest

Economy3 hours ago

Turkey’s financial crisis raises questions about China’s debt-driven development model

Financial injections by Qatar and possibly China may resolve Turkey’s immediate economic crisis, aggravated by a politics-driven trade war with...

Africa4 hours ago

Deep-Seated Corruption in Nigeria

One of the biggest problems in the African continent is corruption, but in Nigeria, corruption has gotten to a frightening...

Diplomacy24 hours ago

Kofi Annan: A Humane Diplomat

I was deeply shocked whenever I heard that Kofi Annan is no more. A noble peace laureate, a visionary leader,...

Economy1 day ago

3 trends that can stimulate small business growth

Small businesses are far more influential than most people may realize. That influence is felt well beyond Main Street. Small...

Terrorism1 day ago

Terrorists potentially target millions in makeshift biological weapons ‘laboratories’

Rapid advances in gene editing and so-called “DIY biological laboratories”which could be used by extremists, threaten to derail efforts to prevent...

Newsdesk1 day ago

UN mourns death of former Secretary-General Kofi Annan, ‘a guiding force for good’

The United Nations is mourning the death of former Secretary-General Kofi Annan, who passed away peacefully after a short illness,...

South Asia1 day ago

Pakistan at a crossroads as Imran Khan is sworn in

Criticism of Pakistan’s anti-money laundering and terrorism finance regime by the Asia Pacific Group on Money Laundering (APG) is likely...

Trending

Copyright © 2018 Modern Diplomacy