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Slovenia: Keep supporting the economy until growth is fully restored

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After five years of robust growth that lifted employment, wages and well-being, Slovenia’s economy has been hit hard by the Covid-19 crisis. Further support to businesses and households may be needed to reinforce the recovery and avoid lasting scars, particularly given the underlying pressures of an ageing population, according to a new OECD report.

The latest OECD Economic Survey of Slovenia coincides with the country’s 10th anniversary of becoming an OECD member, a decade that has seen Slovenia carry out labour and pension reforms and further integrate into global value chains. Slovenia has also defied the rise in income inequality seen in many other OECD countries. Slovenia now needs to support the recovery from the coronavirus crisis until it is self-sustaining, including providing training and job search support to low-skilled workers, then return its focus to raising productivity, strengthening public finances and adapting the labour market and social system for a smaller and older workforce.

“Slovenia has made remarkable economic and social progress since joining the OECD, and the government has acted admirably to manage the health and economic fallout of the Covid-19 pandemic,” said OECD Secretary-General Angel Gurría. “It is vital now to stay on track, to stand ready to provide further support where needed to restore growth and then continue with measures to tackle the long-term economic challenges of an ageing population.”

Slovenia acted quickly to halt the spread of Covid-19 and its healthcare system managed the outbreak well. Financial measures to support jobs, income and businesses softened the shock to the economy. As these measures are withdrawn, the economy may need a fiscal stimulus in the form of some rapid and easy-to-implement temporary measures, the Survey says. The main risks to the economy now are a spike in bankruptcies and a further rise in unemployment.

Assuming no significant second wave of Covid-19 infections later this year, the Survey projects Slovenia’s GDP to grow by  4.5% in 2021 after declining by 7.8% in 2020. However, in the event of a second wave, GDP is projected to grow only 1.5% in 2021 after a contraction of 9.1% in 2020.

Once the recovery is well on track, stimulus can be wound down and the focus revert to tackling the challenges arising from population ageing, which by 2055 will have doubled the ratio of over-65s to working-age people to 60%, creating the double challenge of addressing ageing-related spending pressures as the revenue base contracts. If these pressures are not contained or offset, the sustainability of public finances will be at risk, the Survey says.

Future growth will depend on employing workers in the most efficient way possible, for example by keeping older, experienced workers in jobs for longer, doing more to help low-skilled workers and improving labour allocation so workers can achieve their full productivity and wage potential. To ease the pressure from a projected tripling in the public pension deficit, the Survey recommends raising the retirement age to 67 and, if needed, linking future rises to life expectancy.

The Survey recommends further reforms to lower barriers to competition and foreign investment, to strengthen governance of state-owned enterprises and to make the tax mix more growth-friendly and inclusive by shifting the burden from labour to property taxes.

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Human Rights

Belarus human rights situation deteriorating further

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Large crowds have demonstrated their anger at the results of the presidential election in Belarus. Photo: Kseniya Halubovich

A “systematic crackdown” against dissent in Belarus is continuing, months since the country’s disputed presidential election last year, UN rights chief Michelle Bachelet has told the Human Rights Council.

In comments to the Geneva forum on Thursday, the High Commissioner for Human Rights insisted that curbs on demonstrators had got worse since last August’s poll returned President Alexander Lukashenko to office.

Those protests had led to “mass arbitrary arrests and detentions” of largely peaceful demonstrators, along with “hundreds of allegations of torture and ill-treatment”, Ms. Bachelet said, before noting that “not one of the hundreds of complaints for acts of torture and ill-treatment” had been investigated.

The High Commissioner highlighted concerns about Government proposals which would reportedly “enable harsher punishments” for those taking part in peaceful demonstrations from now on.

To date, nearly 250 people have received prison sentences on allegedly politically-motivated charges context of the 2020 presidential election, Ms. Bachelet said.

‘Unprecedented’ human rights crisis

The OHCHR report “covers serious violations” of rights between 1 May and 20 December last year. “The events that unfolded before and immediately after the election have led to a human rights crisis of unprecedented dimension in the country”, added Ms. Bachelet.

All of the violations detailed “committed with impunity, created an atmosphere of fear”, she said, noting the further deterioration since December.

She said journalists were being increasingly targeted, “and human rights defenders both institutionally and individually. Just last week, large-scale searches of human rights defenders, journalists, and organizations such as the Belarusian Association of Journalists and Viasna (A Minsk-based human rights centre) were conducted, reportedly in connection with criminal investigations for ‘mass disorder’”.

Release innocent protesters

She told the Council it was “essential for the future of the country that respect for human rights, and the broadest possible civic space, be established. All those who have been detained for peacefully exercising their rights should be released.”

The rights chief called for “thorough, effective, credible and transparent investigations” into all the allegations of serious violations, with perpetrators being brought to justice, as well as an “immediate end” to the Government policy of harassment and intimidation of civil society and media workers.

“I further recommend comprehensive reform of the national legal framework”, she concluded. “Our report includes specific recommendations, which address key systemic issues, including with respect to fair trials, due process and the independence of the judiciary.”

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Health & Wellness

Natalia Vodianova joins UNFPA to tackle stigma and advance women’s health

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Russian supermodel and philanthropist Natalia Vodianova has been appointed as Goodwill Ambassador for the United Nations sexual and reproductive health agency, UNFPA. Photo: UNFPA

The UN’s sexual and reproductive health agency, UNFPA, on Wednesday appointed supermodel, philanthropist, and impact investor Natalia Vodianova as its newest Goodwill Ambassador, in an effort to empower women and girls, including fighting stigma surrounding menstruation.

“For too long, society’s approach to menstruation and women’s health has been defined by taboo and stigma”, said Ms. Vodianova, stressing that the situation “has undermined the most basic needs and rights of women.”

In her new role with UNFPA, officially known as the UN Population Fund, Ms. Vodianova will seek to help culturally redefine menstruation, as a normal bodily function.

On any given day, more than 800 million women and girls aged 15 to 49 are actively menstruating. In many countries, taboos surrounding the cycle leaves girls vulnerable and can even be life-threatening, says UNFPA, as they are excluded from public life, denied opportunities, sanitation and basic health needs.

Major mission

The agency said in a press release, that the issue has been starved of the attention it deserves, but in recent years that has started to change, and “achieving this, is central to UNFPA’s mandate”.

“It’s a tragic irony that something as universal as menstruation can make girls feel so isolated…We all have a role to play in breaking the taboos around menstruation”, said UNFPA Executive Director Natalia Kanem, underscoring the significance of spotlighting the damage caused.

She added that the agency “is pleased to partner with such a powerful and committed advocate. Societies prosper when girls are confident, empowered and making their own decisions!”

Building on past momentum

Over the past three years, Ms. Vodianova has teamed up with UNFPA to launch a series of “Let’s Talk” events worldwide, which have mobilised policy makers, civil society and the private sector to help tackle shame, exclusion and discrimination, faced routinely by millions of women and girls.

Leaders from various sectors such as fashion, politics, sport, technology and media have also gathered in Turkey, Kenya, Switzerland, Belarus and India to advance women’s health.

Raised in poverty by a single mother in Russia, along with caring for a half-sister who has cerebral palsy and autism, Ms.Vodianova is a passionate advocate for human rights, including reproductive rights and the rights of people living with disabilities, UNFPA noted.

The agency said it was looking forward to working with her in her role as a bridge builder across the fashion and technology industries, where she’s an influential international voice, to help achieve the Sustainable Development Goals by 2030.

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Environment

Georgia’s Blue Economy Can Be a Vehicle for Accelerating Climate Change Adaptation

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Greening the Coast and Blueing the Sea for a Resilient Georgiaa virtual event on climate change and marine pollution – was held today with the cooperation of the World Bank, the Organization of the Black Sea Economic Cooperation (BSEC) andthe Government of Georgia.

The event was focused on the findings and recommendations of two recent World Bank reports: Impacts of Climate Change on Georgia’s Coastal Zone: Vulnerability Assessment and Adaptation Options and The Cost of Coastal Zone Degradation in Georgia: A Tool for the Coastal Zone Adaptation and the Nationally Determined Contributions.

The reports identify key climate risks and vulnerabilities and the costs of environmental degradation of the coastal zone due to pollution, flooding, coastal erosion, and agricultural soil and forest degradation. Climate adaptation through resilient use of water resources and bringing back tourism to coastal areas after the COVID-19 pandemic are among the recommended priority coastal adaptation interventions.

“Georgia is committed to making its coastal and marine spaces and tourism more resilient, and our Black Sea less polluted,” said Nino Tandilashvili, Deputy Minister of Environmental Protection and Agriculture of Georgia.

With the World Bank’s global knowledge and support, Georgia is well positioned to enter a new frontier with its climate pledges under the 2015 Paris Agreement. In addition to climate adaptation measures in its coastal zone, transition to a more sustainable Blue Economy can become a public policy goal that can support Georgia’s EU integration agenda and its national development objectives, while preventing environmental degradation and ecological imbalances in the use of coastal and marine resources.

“While the reports seek to raise the level of urgency needed to reduce the impact of climate change on the coastal zone and the escalating cost of inaction, it is not too late for action to ensure that the coastline of the Black Sea of Georgia adapts to climate change. Overall, the blue economy is vital for the social-economic development of Georgia and other countries across the region,” said Sebastian Molineus, World Bank Regional Director for the South Caucasus.

Today’s event also initiated consultations on Blueing the Black Sea, a World Bank and BSEC supported new regional initiative to tackle marine pollution and catalyze Blue Economy investments in the Black Sea region. Recognizing the critical importance that environmental rehabilitation of the Black Sea has for the entire region, the World Bank supports Georgia, as well as other countries of the region, in their collaboration for effective pollution prevention, reduction, and control in the Black Sea.

“Transboundary pollution challenges require regional solutions,” noted Steven Schonberger, World Bank Sustainable Development Regional Director. “However, the regional goals have to translate into national investments that promote economic growth. Any country tackling pollution alone cannot guarantee a desirable quality of the sea water in a closed ecosystem such as the Black Sea. Considering this common ecosystem, collaboration at the regional level is essential.”

The Blueing the Black Sea consultations contribute to strengthened national and regional dialogue to address marine pollution and provide Georgia with a valuable opportunity to integrate the Black Sea into the country’s strategies for climate adaptation and mitigation.

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