Ministers and senior government officials from ASEAN Member States convened today to discuss strategies for accelerating human capital development in the region through integrated policy investments and innovative policy reforms.
ASEAN countries have succeeded in achieving high levels of economic growth and have substantially reduced poverty over the last 20 years. However, on average, education, skills development, and health indicators are below expectations given ASEAN’s income levels, and there are wide disparities in life expectancy, job productivity, and education quality across the region. Further investment in its people, particularly children and young people, remains a key challenge.
Organized by Thailand’s National Economic and Social Development Council (NESDC) and Ministry of Foreign Affairs, the World Bank and UNICEF, the ASEAN High Level Meeting on Human Capital Development is designed to facilitate dialogue among member states to share successful policy frameworks, and help identify new approaches to human capital development and move toward a set of common, yet context-adapted, policy directions.
“Our region is committed to developing concrete actions to ensure that we have a future-ready and competitive workforce for the global digital economy,” said Thosaporn Srisumphand, Secretary General of NESDC. “It is a priority for us to design effective public policies and government programs that put people at the center of development.”
The World Bank’s global Human Capital Project is an accelerated effort to assess the progress countries around the world, including those in ASEAN, have made in building human capital. It serves as the basis for strategic support to countries that want to invest more effectively in its people. According to the World Bank, children born in the ASEAN region today are expected to, on average, achieve about 59% of their full productivity potential compared to children born in areas with high performing education and health systems.
“Prioritizing human capital development means putting people at the center of investments, policies, and programs,” said Mara Warwick, World Bank Country Director for Thailand, Brunei, Malaysia and the Philippines. “By working towards these goals, ASEAN countries can directly address gaps and provide a more sustainable, equitable, and prosperous future for all its people.”
At the meeting, Ministry officials for Health and Education discussed how closely linked policies and investments produce tangible improvements in human capital outcomes.
The issue of malnutrition was discussed during the meeting, as countries highlighted examples of progress and challenges around policy implementation. In ASEAN, an estimated 5 million children suffer from wasting and one in four children are stunted in growth because of chronic undernutrition. Ministers and officials shared experiences and challenges about program design and successful implementation of initiatives to end all forms of malnutrition.
“It is important for all countries to take the ASEAN Leaders’ Declaration on Ending all Forms of Malnutrition to heart. The region is now facing a double burden of malnutrition. It is home to 63.7 million undernourished people and has the fastest growing prevalence of childhood obesity in the world, both will negatively impact human capital and economic development,” stated UNICEF Regional Director, Karin Hulshof.
Representatives from Ministries of Planning and Ministries of Labor spoke about concrete steps that will be needed to prepare next generations for the changing nature of jobs, and how the ASEAN region can seize opportunities created by a fast-growing digital era by preparing a future-ready workforce. Investments in reskilling and upgrading of knowledge for young people of today for the work place of tomorrow are necessary especially for developing countries where human capital development gaps remain wide.
At the meeting’s conclusion, participating ASEAN ministers and officials agreed to enhance integrated policy investments in the different sectors, including healthcare, quality education, life-long learning, and skills development, throughout a human life cycle.
UNSC calls for ‘immediate reversal’ of Turkish and Turkish Cypriot decision on Varosha
The Security Council said in a statement released on Friday that settling any part of the abandoned Cypriot suburb of Varosha, “by people other than its inhabitants, is “inadmissible”.
The presidential statement approved by all 15 Security Council members, upheld that “no actions should be carried out in relation to Varosha, that are not in accordance with its resolutions”.
“The Security Council condemns the announcement in Cyprus by Turkish and Turkish Cypriot leaders on 20 July 2021 on the further reopening of part of the fenced-off area of Varosha”, the statement continued.
“The Security Council expresses its deep regret regarding these unilateral actions that run contrary to its previous resolutions and statements.”
The statement calls for “the immediate reversal of this course of action and the reversal of all steps taken on Varosha since October 2020.”
The statement followed a closed-door briefing earlier in the day by the outgoing UN Special Representative, Elizabeth Spehar.
The Mediterranean island has been divided between Greek Cypriot and Turkish Cypriot communities for 47 years, and a Security Council resolution of 1964 recommended the establishment of a peacekeeping force to maintain law and order and help end inter-communal strife.
According to news reports, on Wednesday, Greek Cypriot leaders appealed to the Council over plans by Turkish Cypriot authorities to revert a 1.35 square-mile section of Varosha, from military to civilian control, and open it for potential resettlement.
The self-declared Turkish Republic of Northern Cyprus (TRNC), which is backed by Turkey, made the initial announcement a day earlier, that part of the suburb would come under civilian control.
On Wednesday, the UN Secretary-General António Guterres expressed his deep concern over Wednesday’s announcements by Turkey and Turkish-Cypriot leaders, on re-opening Varosha, and said that the UN’s position “remains unchanged and is guided by the relevant Security Council resolutions”.
In a statement issued by his Deputy Spokesperson, Farhan Haq, Mr. Guterres called on all sides “to refrain from any unhelpful actions and to engage in dialogue to bring peace and prosperity to the island through a comprehensive settlement”.
“The Secretary-General has repeatedly called on all parties to refrain from unilateral actions that provoke tensions and may compromise the ongoing efforts to seek common ground between the parties towards a lasting settlement of the Cyprus issue”.
The Security Council statement concluded with a reaffirmation of its commitment “to an enduring, comprehensive and just settlement, in accordance with the wishes of the Cypriot people, and based on a bicommunal, bizonal federation, with political equality”.
Partnership with Private Sector is Key in Closing Rwanda’s Infrastructure Gap
The COVID-19 (coronavirus) pandemic has pushed the Rwandan economy into recession in 2020 for the first time since 1994, according to the World Bank’s latest Rwanda Economic Update.
The 17th edition of the Rwanda Economic Update: The Role of the Private Sector in Closing the Infrastructure Gap, says that the economy shrank by 3.7 percent in 2020, as measures implemented to limit the spread of the coronavirus and ease pressures on health systems brought economic activity to a near standstill in many sectors. Although the economy is set to recover in 2021, the report notes the growth is projected to remain below the pre-pandemic average through 2023.
Declining economic activity has also reduced the government’s ability to collect revenue amid increased fiscal needs, worsening the fiscal situation. Public debt reached 71 percent of GDP in 2020, and is projected to peak at 84 percent of GDP in 2023. Against this backdrop, the report underlines the importance of the government’s commitment to implement a fiscal consolidation plan once the crisis abates to reduce the country’s vulnerability to external shocks and liquidity pressures.
“Narrowing fiscal space calls for a progressive shift in Rwanda’s development model away from the public sector towards a predominantly private sector driven model, while also stepping up efforts to improve the efficiency of public investment,” said Calvin Djiofack, World Bank’s Senior Economist for Rwanda.
According to the Update, private sector financing, either through public-private partnerships or pure private investment, will be essential for Rwanda to continue investing in critical infrastructure needed to achieve its development goals. The analysis underscores the need to capitalize further on Rwanda’s foreign direct investment (FDI) regulatory framework, considered one of the best in the continent, to attract and retain more FDI; to foster domestic private capital mobilization through risk sharing facilities that would absorb a percentage of the losses on loans made to private projects; and to avoid unsolicited proposals of public–private partnership (PPP) initiatives; as well as to build a robust, multisector PPP project pipeline, targeting sectors with clearly identified service needs such as transport, water and sanitation, waste management, irrigation, and housing.
While the report findings establish clearly the gains of public infrastructure development for the country as whole, it also stressed that these gains tend to benefit urban and richer households most.
“Rwanda will need to rebalance its investment strategy from prioritizing large strategic capital-intensive projects toward projects critical for broad-based social returns to boost the potential of public infrastructure to reduce inequality and poverty,” said Rolande Pryce, World Bank Country Manager for Rwanda. “Any step toward the Malabo Declaration to allocate 10 percent of future infrastructure investment to agriculture, allied activities, and rural infrastructure, will go a long way to achieving this goal.”
10 new cities chosen for World Economic Forum circular economy initiative
The World Economic Forum’s Scale360° initiative announced today the 10 city-based hubs joining its Circular Shapers programme.
Scale360° leverages innovation hubs in cities, countries and regions worldwide, bringing together leaders in science, policy and business to trigger circular change. Circular Shapers engage with local public, private, and civil society stakeholders to design, organise, and deliver circular economy projects tailored to local needs.
Circular Shapers are competitively selected from the Global Shapers Community, a network of committed and energized young volunteers in 448 city-based hubs around the world. These changemakers have the energy, skill, networks and commitment needed to transform their cities into centres of circular economy innovation.
The latest Circular Shaper cohort hails from four continents and includes: Ankara, Asuncion, Auckland, Beijing, Bucharest, Lahore, Manama, Milan, Morelia, and Thimphu.
The cities selected to the latest cohort will apply Scale360°’s tested methodology – the Scale360° Circular Innovation Playbook – to fast-track Fourth Industrial Revolution impact to keep more goods in use. Their initiatives will explore ways to apply circular design principles, improve reuse, and to eliminate waste, all while strengthening economies and boosting job growth.
These join the successful pilot cohort which included four Global Shapers hubs in Mexico City, Brussels, Turin and Bangkok and ran from February to July 2021.
In just a few months, those pilot cities built critical relationships with leaders in government, the private sector, and NGOs, making critical early steps towards driving circular innovation. Specific achievements include:
Bangkok: Mobilized a range of partners from researchers to advertising agencies to popularize solutions to air pollution and plastics. Solutions included: assembling a catalogue to help businesses choose alternatives to single-use plastics in food packaging and a social media campaign to build momentum for clean air regulation.
Brussels: Partnered with local NGOs on its “Eat, Play, Live Circular” initiatives to create bottom-up solutions for more circular lifestyles. Initiatives included an ‘Idea-thon’ for food and packaging waste solutions and a series of experiments with the public to make one Brussels public space more circular.
Mexico City: Trained public, private and government stakeholders in Scale360° methodology to bridge circular economy knowledge gaps and drive the circular transition through focusing early conversations.
Turin: Built critical relationships with stakeholders from 14 organizations including regional policy makers, members of the private sector, academia, and existing networks to help foster and support much-needed discussions and collaboration on circular needs and priorities.
The Circular Shapers tap into World Economic Forum networks of experts and leaders in civil society, government, industry global organizations, including the Platform for Accelerating Circular Economy (PACE).
“It’s powerful to see how Scale360° methodology has spread so rapidly and empowered Global Shapers to become leaders driving circular innovation in their cities. Now in 14 hubs around the world, Circular Shapers is one of the largest cross-hub collaborations in the Global Shapers Community,” said Katie Hoeflinger, Specialist, Climate and Environment, Global Shapers Community.
The United Arab Emirates, a key supporter of Scale360°’s approaches, agrees that these new hubs will play an important role in building circular innovation. “The UAE supports Scale360° in driving the transition to circular economy locally and globally,” said his Excellency Dr. Abdullah Belhaif Al Nuaimi, Minister of Climate Change and Environment. “This program will go a long way in fostering innovations that have the potential to fast-track the implementation of the circular economy principles around the world.”
These efforts can also fuel a just transition, noted Head of Global Opportunities for Sustainable Development Goals (GO4SDGs), United Nations Environment Programme (UNEP), Adriana Zacarias Farah. “Jobs and skills are central to getting the political buy-in for the transformation from linear to circular. UNEP through the initiative Global Opportunities for SDGS (GO4SDGS) is happy to collaborate with the Forum and Scale360° on circular cities and the just transition narrative.”
Building circular capabilities can help meet critical climate goals. “Scaling up circular business models and solutions is vital for environmental reasons and needs to happen fast,” said Carsten Gerhardt, Partner at Kearney and Founder at Circular Valley (leading partners of Scale360° Germany).
With new Circular Shaper hubs in place, momentum for circular innovation can build further. Added Scale360°’s Global Lead, Helen Burdett: “This latest cohort is another example of local action for global impact on the circular economy transition.”
A question mark on FATF’s credibility
While addressing a political gathering, India’s external affairs minister S. Jaishanker made a startling lapsus de langue “We have been...
UNSC calls for ‘immediate reversal’ of Turkish and Turkish Cypriot decision on Varosha
The Security Council said in a statement released on Friday that settling any part of the abandoned Cypriot suburb of Varosha, “by people other than...
Biden Revises US Sanctions Policy
In the United States, a revision of the sanctions policy is in full swing. Joe Biden’s administration strives to make sanctions instruments more effective in achieving his...
Unleashing India’s True Potential
As India strives to unleash its true potential to rise as a global powerhouse, it is tasked with a series...
Demand for Investigation of COVID-19 gained momentum
Human history is full of natural disasters like Earthquakes, Floods, Fires, Vacanos, Drought, Famine, Pandemic, etc. Some of them were...
Power without Soft Power: China’s Outreach to Central Asia
The People’s Republic of China has become increasingly interested in the Central Asian countries—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan—for both...
Sea Breeze 2021: U.S. is worryingly heading closer to conflict with Russia in the Black Sea
On July 10th, the 2021 iteration of the joint military exercise, Sea Breeze, concluded in the Black Sea. This exercise,...
Economy2 days ago
Entrepreneurialism & Digitalization: Recovery of Midsize Business Economies
Middle East2 days ago
Greater Middle East may force China to project military power sooner rather than later
Americas3 days ago
Maximizing Biden’s Plan to Combat Corruption and Promote Good Governance in Central America
Middle East2 days ago
Chinese FM Wraps Up his Visit to Egypt
Europe3 days ago
Anti-Macron protests underline classism, as corona protesters and gilets jaune join forces
Europe2 days ago
Belarus divorces from the Eastern Partnership: A new challenge for the EU Neighborhood Policy
Eastern Europe2 days ago
Latvia developed new tasks for NATO soldiers
Intelligence1 day ago
USA and Australia Worry About Cyber Attacks from China Amidst Pegasus Spyware