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AIIB Launches Public Consultation on Draft Transport Strategy

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Today, the Asian Infrastructure Investment Bank (AIIB) has launched public consultations on its Draft Transport Sector Strategy. The draft strategy outlines AIIB’s vision to develop sustainable and integrated transport systems that promote trade and economic growth in Asia.

Many economically impactful projects face challenges securing private-sector financing because financial returns are lower.  For this reason, AIIB has decided to prioritize these critical projects in its draft transport strategy, with a focus on trunk linkages, transport integration, the promotion of cross-border connectivity and upgrading of existing infrastructure. The key aim is to make more projects bankable through AIIB’s participation by mobilizing private capital and contributing towards the economic development and integration of its member.

AIIB’s intended approach will embrace innovative and proven technologies, as well as promote environmental and social sustainability. As a young institution, AIIB will also develop strategic partnerships from project preparation to financing.

“Connectivity infrastructure is crucial for trade and economic growth in Asia and beyond,” said AIIB Vice President for Policy and Strategy Joachim von Amsberg, “Though still a young multilateral development bank, AIIB is set to play a catalytic role as a new financier and partner for sustainable transport development. We welcome inputs and comments from all interested parties to assist us to further refine our transport sector strategy.”

Public consultations have formed an important part of AIIB’s decision-making process since its inception in January 2016.  Interested parties, including government agencies, private sector companies, industry associations, CSO/NGO and academics are invited to view the draft strategy on the AIIB website.

The public consultations period will last eight weeks, starting from May 10, 2018 to July 4, 2018.  Written comments must be submitted by July 4, 2018 to ts.consultation@aiib.org.

Along with the draft strategy document, an AIIB Transport Sector Study is also posted on the website for viewers’ reference.

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Ebola: EU announces new funds to strengthen preparedness in Burundi

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The Ebola virus disease outbreak in the Democratic Republic of Congo continues to spread in the east of the country with a high risk of a spill-over into the neighbouring countries. The European Union is stepping up its assistance to Burundi with €465,000 to further strengthen Ebola preparedness measures by authorities and aid organisations in the country.

Christos Stylianides, Commissioner for Humanitarian Aid and Crisis Management, who is also the EU’s Ebola Coordinator, said: ”To effectively fight the Ebola virus we do not only have to address the affected cases in the Democratic Republic of Congo but also increase our efforts to prevent the disease from spreading to neighbouring countries like Burundi. The European Union is therefore supporting ongoing Ebola preparedness measures in the country, including infection prevention and control. Everything possible must be done to avoid a further spread of the deadly virus.”

The new EU funding will be allocated through the World Health Organisation. It will strengthen the coordination, surveillance and response capacities to Ebola in high-risk districts in Burundi, close to the border with the Democratic Republic of Congo. This new funding complements the existing financial support to the ongoing EU efforts in Ebola surveillance and awareness-raising via NGOs and UN.

Background

Since 2018, the EU has provided €47 million to humanitarian partners in the Democratic Republic of Congo involved in the Ebola response in the affected areas as well as in high-risk areas. In parallel, the EU has also been supporting Ebola prevention and preparedness measures in the neighbouring countries most at risk – Uganda, South Sudan, Rwanda and Burundi – with over €4 million in humanitarian aid to ensure rapid detection and treatment in case of spill-over.

Supporting Ebola preparedness in neighbouring countries is crucial in this region with the high mobility and considerable cross-border trade. Uganda has recently witnessed three cases of a family returning from an Ebola-affected area in the Democratic Republic of Congo. No Ebola cases have been detected in Burundi, but the threat has become increasingly real with two newly confirmed cases in the Democratic Republic of Congo’s province of South Kivu, which shares a border with Burundi.

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Wildlife Demand in Asia Under the Spotlight at International Wildlife Trade Conference

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Demand for illegal wildlife products in Asia is not only driving wildlife population declines in the region, but across the globe. Tigers, elephants and rhino will be some of the species to take the spotlight in relation to the illegal trade in Asia at the upcoming 18th meeting of the Conference of the Parties (CoP18) to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in Geneva.

Vietnam is now the largest destination for illegal shipments of elephant ivory and rhino horn according to independent analyses presented to the meeting by TRAFFIC, the global wildlife trade monitoring network, the International Union for the Conservation of Nature (IUCN) and the Environmental Investigation Agency (EIA). These wildlife products are either consumed in country, or may be shipped on to other destinations in Asia.

“Vietnam has been a country of great concern for its role in the illegal wildlife trade for many years now and although there have been significant steps forward in relation to improved policy to address illegal trade, it’s clear that much more has to be done. WWF is encouraging CITES to look closely at Vietnam’s compliance,” says Margaret Kinnaird, WWF Wildlife Practice Leader.

In addition to Vietnam, its neighbours Lao PDR, Thailand and China are key countries of concern, particularly when it comes to tiger farms. For now, China has banned all trade in tiger parts, but the continued existence of state-run tiger farms, with thousands of captive tigers creates political pressure and economic incentive for trade from captive tigers to be allowed in the future. WWF believes that such trade would be impossible to control and could put the world’s remaining wild tigers at risk. Meanwhile, there is already evidence of tiger parts from farms leaking into markets in the region which by escalating demand, puts the remaining 3,900 wild tigers at increased risk from poaching.

“CITES agreed in 2007 that tigers should not be bred for trade in their parts and products,” said Heather Sohl, tiger trade expert. “Yet over 12 years later, we have more tigers, in more tiger farms, in more countries, and more captive tigers and their parts and products entering the illegal trade. It’s high time the governments of the world stood by their commitments to tigers, and hold the defaulting countries accountable.”

This CITES CoP will be the busiest to date with a record number of proposals to discuss the trade in other iconic species such as saiga antelope, lions, rhino and jaguars as well as weird and wonderful creatures like the spider-tailed horned viper. Their fate will be greatly impacted by the outcomes of the trade discussions set to take place over the course of the two weeks.

Whilst marine turtles have survived for 120 million years, six out of seven species are now assessed as threatened with extinction (‘vulnerable’ to ‘critically endangered’) according to the IUCN Red List of Threatened Species. According to the CITES Secretariat, over the last couple of years, Indonesia, Malaysia and Vietnam have played a major role in the unsustainable trade of Hawksbill and other turtles. WWF is calling for stronger measures to be directed at range and consumer countries and for CITES to hold these countries accountable over the coming years.

Not blessed as a charismatic creature, but critical for its role in the marine ecosystem, the trade in one type of sea cucumber known as teatfish will be a highly debated topic this year. WWF supports a proposal to add these species – which are prized in Asian cuisine and are extremely vulnerable to overfishing – to the list of species whose trade is regulated by CITES.

As always, elephants feature heavily on the conference agenda. WWF is calling for CITES to prioritise action with regard to countries that, either through lack of capacity or lack of political will, are implicated in the illegal ivory trade. These include Burundi, Gabon, Togo, Nigeria, Mozambique, Zimbabwe, United Arab Emirates, Lao PDR, Malaysia and – above all – Vietnam.

Finally, underpinning many of the species being discussed, including the near-extinct vaquita porpoise is the important role that Natural World Heritage Sites play in their conservation. These unique places host a high proportion of the remaining populations of such endangered species, and many are menaced by illegal hunting, fishing and logging. WWF is supporting measures to strengthen cooperation between CITES and the UNESCO World Heritage Convention.

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World Bank Supports Maldives in its Journey Towards Resilience and Prosperity

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Minister of Finance for Maldives, Hon. Ibrahim Ameer and the World Bank Country Director for Maldives, Nepal and Sri Lanka, Dr. Idah Pswarayi-Riddihough. Photo: Richa Bhattarai/World Bank

The World Bank is providing support to the Government of Maldives to strengthen the country’s sustainability of public finances while minimizing impacts of natural hazards. Two complementary agreements – one to enhance budget credibility and reduce fiscal pressures, and the other to help the government support reforms for increased resilience and take immediate action during an emergency – were signed to that effect. 

The first agreement, a $20 million Development Policy Financing (DPF), will focus on improving the policy framework for enhancing sustainability of public finances and strengthening the policy framework to increase budget credibility. The second agreement is a $10 million Catastrophe Deferred Drawdown Option, (Cat DDO), with an associated Pandemic Emergency Financing Facility (PEF). The Cat DDO will help enhance the Maldives’ financial capacity to effectively manage the human, physical and fiscal impact of climate change, natural disasters and diseases.

The suite of instruments are quick disbursing sources of financing that will support the government to take immediate response, relief and recovery activities following a disaster or an emergency, including health.

The agreements were signed today at the Ministry of Finance by Minister of Finance, Hon. Ibrahim Ameer and the World Bank Country Director for Maldives, Nepal and Sri Lanka, Dr. Idah Pswarayi-Riddihough.

“The agreements are part of integrated risk management options to improve the country’s resilience to shocks and safeguard macroeconomic sustainability,” stated Idah Pswarayi-Riddihough, World Bank Country Director for Maldives, Nepal and Sri Lanka. “In addition, it is for the first time that a country in South Asia has prepared a Cat DDO that is linked with this new pandemic emergency financing. This is a kind of insurance for the future.”

Maldives has made considerable progress in its macroeconomic and human capital indicators. However, due to its unique geographical placement, vulnerability remains high, and Maldives can increase its resilience by strengthening its fiscal management and preparedness for shocks. The country also continues to be vulnerable to natural hazards and extreme climatic events with considerable economic consequences.

The co-task team leaders of the projects, Fernando Im and Armando Guzman, commended the Maldivian government on their vision, and commitment in achieving a remarkable and innovative milestone. This is particularly important given that Maldives is a small island state. 

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