The Republic of Djibouti signed the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention) today at a ceremony on the sidelines of the World Bank and International Monetary Fund Spring Meetings.
The ICSID Convention, which entered into force in 1966, establishes the institutional and legal framework for foreign investment dispute settlement. It was created to facilitate investment amongst countries by providing an independent, depoliticized forum for arbitration, conciliation and fact-finding. To date, the Convention has been signed by 163 countries, of which 154 have also ratified it.
At today’s ceremony, Minister of Economy & Finance in Charge of Industry, Commerce &Tourism, Ilyas Moussa Dawaleh signed on behalf of the Republic Djibouti, with the ICSID represented by its Secretary-General, Meg Kinnear.
“Joining ICSID is part of a series of actions that the government of Djibouti has undertaken to transform the business and investment environment in Djibouti, create employment opportunities for youth and women, and to boost economic growth in the country,” said Minister Moussa Dawaleh.
“Today’s signature of the ICSID Convention underscores Djibouti’s commitment to creating an environment in which private investment serves as a catalyst for growth and job creation,” said Meg Kinnear, ICSID Secretary-General.
With this signing, Djibouti has become the 163rd country to sign the Convention. The Convention must now be ratified by Djibouti before coming into force.
Burkina Faso: AfDB approves €48,82 million for Desert to Power Yeleen programme
The Board of Directors of the Bank has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.
Yeleen, which is to be implemented under the Bank’s Desert to Power ( DTP) Initiative, and which will span a period of five years from 2020-2024, is the second project under the DTP initiative in Burkina Faso. The total project cost is estimated at €136.69 million. The rest of the financing for Yeleen is provided by Agence Française de Développement (AFD), European Union (EU), and Société Nationale d’électricité du Burkina Faso (SONABEL).
The electricity access rate in Burkina Faso is one of the lowest in Africa at around 21% at national level in 2018. Upon completion, the project will increase and diversify electricity supply through the construction of four new 52 MWc photovoltaic (PV) plants and extend power distribution networks to connect 30,000 new households, or about 200,000 people. It will also contribute to the avoidance of 48,000 tCO2eq emissions annually.
Wale Shonibare, the Bank’s Acting Vice-President for Power, Energy, Climate Change & Green Growth said: “This project will augment the Bank’s efforts to ensure inclusive access to energy through improvements in rural electrification, regional interconnections and energy sector reforms. Notably, it will increase Burkina Faso’s generation capacity by 15%, which will greatly help to reduce Burkina Faso’s reliance on fossil fuel imports.”
Dr. Daniel Schroth, the Bank’s Acting Director for Renewable Energy & Energy Efficiency also added that the approval would further the Desert to Power Initiative’s momentum in line with commitments made at the Sahel G5 Summit on 13th September in Ouagadougou.
“With this project, we are making concrete progress on two of the five priority areas under the Desert to Power initiative which include adding new solar generation capacity and strengthening the transmission and distribution networks,” said Schroth.
The current project is part of Burkina Faso’s broader 2025 Solar Programme, known as “Yeleen” with three components: (i) Development of photovoltaic plants (PV) connected to the interconnected national grid; (ii) Increase in the electricity distribution network; and (iii) Rural electrification by mini-grids (isolated) and individual solar systems. The rural electrification “ Yeleen rural electrification project” which aims to to increase electricity access in Burkina Faso by connecting 150,000 households to solar mini- grids (50,000 household) and through stand-alone solar kits systems (100,000 households) was approved by the Bank in December 2018 with joint financing with EU and GCF.
The project aligns with Bank’s Country strategy paper for Burkina Faso (CSP 2017-2021), its High-5 “Light Up and Power Africa”initiative, and the Bank’s Climate Change plan. Desert to Power initiative aims to accelerate economic development by adding solar energy generation capacity of up to 10 GW by 2025 through a combination of public and private interventions.
Iraq and ILO pledge to further decent work in the country
Iraq and the International Labour
Organization (ILO) have signed the first Iraq Decent Work Country Programme
(DWCP), as the country recovers from decades of conflict.
The Programme, which runs from 2019 to 2023, supports national initiatives to promote decent work and strengthen Iraq’s capacity to mainstream decent work in social and economic policies. It will be implemented through close partnerships between the ILO and employers’ and workers’ representatives in the country.
The agreement was signed on 5 December by ILO Regional Director for Arab States Ruba Jaradat, Director General of Labour and Vocational Training Department of the Ministry of Labor and Social Affairs Raed Bahedh, President of the Iraqi Federation of Industries Ali Sabeeh al-Saadi, and President of the General Federation of Trade Unions in Iraq Satar Denbous on behalf of the Trade Union organizations.
Also in attendance at the ceremony in Baghdad were the Minister of Labor and Social Affairs Bassem al-Rubaie, Minister of Planning Nouri al-Dulaimi, and Minister of Foreign Affairs Mohamad Alhakim, as well as heads of government departments and agencies, employer representatives, trade unionists, ambassadors and representatives of UN agencies.
“The ILO has a long history of close cooperation with the government and social partners of Iraq, and today’s event marks the comprehensive re-engagement of the ILO in the country,” said ILO Regional Director Jaradat.
“We look forward to providing our partners in Iraq with the required support to address labour market challenges and raise employment rates, strengthen social protection, boost growth rates, and decrease fragile and informal labour. The new Programme establishes a firm commitment between all partners to strengthen decent work in the country in a holistic, coherent and integrated manner, to ensure that decent work is at the heart of Iraq’s recovery and reform processes,” she added.
DWCPs are the ILO’s main vehicle to promote decent work as a key component in national development strategies. Under the programme, the ILO will work with government, worker and employer organizations in Iraq to support national initiatives on employment promotion, rights at work, social dialogue and social protection.
Based on extensive consultations between the ILO and Iraqi constituents, the Programme in Iraq will focus on three priorities:
- Ensuring that private sector development supports the creation of new jobs.
- Extending and strengthening social protection, and addressing child labour.
- Improving social dialogue in order to promote rights at work.
Iraq has been a member of the
ILO since 1932 and has ratified 68 ILO Conventions , including all eight fundamental Conventions.
Since 2004, the ILO and Iraq’s government, workers’ and employers’ organizations have worked closely as part of the post-war reconstruction effort to bolster Decent Work and develop the labour market across different areas of the country.
Recent achievements include the adoption of a new Labour Law to improve Fundamental Principles and Rights at Work ; The ratification of ILO Convention 87 on the Freedom of Association and Protection of the Right to Organize and ILO Convention 187 on the Promotional Framework for Occupational Safety and Health ; A roadmap for public employment services in Iraqi Kurdistan has also been designed.
Improving gender diversity in the energy sector is an important measure of success
Energy industries have lacked female participation throughout their history, with women making up only about one-fifth of the traditional energy sector labour force.
The International Energy Agency, which promotes the need for equal opportunities, today hosted a high-level event focused on how to advance gender diversity in the energy sector to support future workforce needs.
Held in Paris ahead of the IEA’s biennial Ministerial Meeting, the event was chaired by Christyne Tremblay, Canada’s Deputy Minister of Natural Resources, and Megan Woods, New Zealand’s Minister of Energy and Resources. At the event, the United States launched the C3E International Ambassador Programme, which gives all countries an opportunity to nominate individuals who will support governments’ efforts in improving gender diversity in the energy sector.
Other participants included ministers or senior government officials from Austria, Australia, Belgium, Finland, Germany, Italy, the Netherlands, Sweden, the United Kingdom and other IEA Family countries, as well as executives from several major energy sector companies. During the meeting, participants expressed enthusiastic support for advancing gender diversity across the energy sector and its importance for clean energy transitions.
“Achieving a better gender balance is not only an issue of fairness. It is also good for results as well, as studies show that diverse organisations perform better,” said Dr Fatih Birol, the IEA’s Executive Director.
Participants at the meeting emphasised the importance of integrating gender into energy policies, promoting female employment and careers, and sharing best practices. They welcomed the activities of C3E TCP, which aims to build a community of women leaders across a range of clean energy sectors, and the Equal by 30 campaign, which secures commitments from public and private sector organisations to work towards equal pay, equal leadership and equal opportunities for women in the clean energy sector by 2030.
The meeting identified those two initiatives as platforms to exchange best practices and strengthen collaboration in several areas, including knowledge and data collection, recognition of female leadership, reducing barriers and raising ambition on implementation.
The 2019 IEA Ministerial Meeting is taking place in Paris on 5-6 December. It is chaired by Mr Michał Kurtyka, Poland’s Minister of Climate and the President of COP24. Ministers of IEA Member, Accession and Association countries and CEOs of leading companies are attending the meeting.
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