Connect with us

Newsdesk

UNIDO, Japan to boost economic resilience and long-term stability for IDPs and returnees in Iraq

Newsroom

Published

on

photo: UNIDO

The United Nations Industrial Development Organization (UNIDO) and the Government of Japan are teaming up to foster the social stabilization and economic resilience of internally displaced persons (IDPs) and returnees in the Nineveh Governorate of Iraq. This is one of nine new projects implemented by UNIDO which Japan has recently agreed to fund, totalling US$5.8 million.

The Nineveh Governorate hosts the highest number of IDPs and returnees out of all Governorates in Iraq. The families and individuals returning to their towns often face a lack of livelihoods, social cohesion and security. With the highest countrywide poverty rates linked with unemployment and food insecurity, hardships are exacerbated for IDPs, returnees, and host communities alike. UNIDO and Japan have therefore partnered to harness the productive capacities of IDPs and returnees through entrepreneurship and technical skills upgrading, as well as to contribute to institutional capacity-building to ensure long-term and sustainable assistance to civil society.

“There is an urgent need to revive the local economy and generate employment opportunities for conflict-affected people and communities, in particular IDPs and returnees, in order to ensure livelihoods and social stability for all,” said UNIDO Project Manager Noriko Takahashi.

Stavros Papastavrou, UNIDO Project Manager, added that: “In the Nineveh Governorate of Iraq, there is a tremendous need to support the re-establishment of the most vital components of civil society and to restore the technical capacities of governmental institutions with an overall goal to foster socio-economic revival in a sustainable way.”

The project aims to revitalize micro and small enterprises that were operational before the crisis, establish new income-generation activities, and provide technical skills training for youth. In addition, the upgrading of vocational training centres and national institutions will ensure long-term institutional capacity-building contributing to the overall resettlement and stabilization of the local economy.

Naofumi Hashimoto, Ambassador of Japan to the Republic of Iraq said: “Japan has recently decided on a new assistance package for Iraq amounting to USD 63 million, including this project as a contribution to enhancing employment and food security. With this package, the total amount of Japan’s assistance to the people affected by the crisis reaches USD 500 million.”

Continue Reading
Comments

Newsdesk

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

Newsroom

Published

on

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.

Continue Reading

Newsdesk

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

Newsroom

Published

on

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.

Continue Reading

Human Rights

ADB Marks International Day Against Homophobia, Transphobia, and Biphobia

Newsroom

Published

on

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.

Continue Reading

Latest

Hotels & Resorts2 hours ago

Marriott International Debuts JW Marriott Hotel in Qufu, Birthplace of Confucius

JW Marriott announced the opening of the new JW Marriott Hotel Qufu in Shandong province, China. Owned by Shandong Luneng,...

Middle East3 hours ago

The Iran Question

Will there be war with Iran?  Will there not be war with Iran?  The questions are being asked repeatedly in...

Urban Development5 hours ago

The living air purifiers cities need more of

In our all-too-hectic urban lives, a city park is a great place to unwind. Trees and green spaces have mental...

Reports15 hours ago

Urgent action needed to address growing opioid crisis

Governments should treat the opioid epidemic as a public health crisis and improve treatment, care and support for people misusing...

Intelligence17 hours ago

Central Asian Jihadi Groups Joined Taliban’s “Al-Fath Jihadi Operations”

Al Qaeda-backed jihadist groups Katibat Imam al Bukhari (KIB), the Islamic Jihad Union (IJU) and the Turkestan Islamic Party (TIP),...

Newsdesk19 hours ago

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

The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, spoke at the opening ceremony of the...

Green Planet21 hours ago

India advances ground-breaking plan to keep planet and people cool

India’s new comprehensive Cooling Action Plan targets an increase in sustainable cooling for the good of its population, while helping...

Trending

Copyright © 2019 Modern Diplomacy