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Sint Maarten Trust Fund Launches Enterprise Support Project

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The US$35 million Enterprise Support Project was officially launched today. The project is funded by the Sint Maarten Recovery, Reconstruction, and Resilience Trust Fund, financed by the Government of the Netherlands, managed by the World Bank, and implemented by the National Recovery Program Bureau (NRPB) on behalf of the Government of Sint Maarten. The project aims to support micro, small and medium enterprises (MSMEs) through direct financial assistance to contribute to the restoration of economic activity in Sint Maarten.

“Micro, small, and medium enterprises are key for the island’s economic recovery and for job creation. This project can benefit Sint Maarten’s economy by supporting viable local enterprises, so that they can continue operations, and better prepare for the future,” said Michelle Keane, World Bank Program Manager for the Sint Maarten Trust Fund.

The Enterprise Support Project will provide grants and financing to eligible MSMEs through participating financial institutions, which currently include Qredits and the Windward Islands Bank Ltd. MSMEs are important for the economy and employment in Sint Maarten, but often lack the financial resources of larger firms, so are more vulnerable to shocks. Many firms continue to struggle since Hurricane Irma, and have been further severely affected by the unprecedented economic disruption caused by COVID-19. Business continuity planning training will be provided to enterprises and financial institutions in Sint Maarten, as well as training to lenders to improve their MSME lending products. Overall the project intends to provide direct financial assistance to more than 500 MSMEs, including training to 150 MSMEs over the next four years.

“Though there were many challenges to overcome, with much perseverance and an eagerness to propel MSMEs forward, we are proud to announce that ESP has been launched. Together with Central Bank, WIB, and Qredits, we welcome other local financial institutions to help us build a stronger and more resilient Sint Maarten.

What is also key in this project is the opportunity for St Maarten to properly develop its Micro, Small and Medium Enterprise sector through other important aspects of the project. This is a study to strengthen the resilience of the economy to future shocks, in addition to incorporating trainings to enterprises and participating financial institutions. The aim is to improve MSME lending capabilities to ensure better MSME access to finance and improving resilience of businesses.

“We therefore look to the Ministry of Economic Affairs and other organizations such as the Social Economic Council (SER) and St Maarten Chamber of Commerce (COCI) to foster a strong and cohesive collaboration  in the spirit of Private and Public Partnerships (PPP) to provide support to the NRPB, ESP Team in successfully executing this mission,” said Claret Connor, NRPB Director.

Chris Johnson, head of the Representation of the Netherlands in Sint Maarten VNP, commented, “The island of Sint Maarten was heavily damaged by the hurricanes of 2017, including its economy. For Sint Maarten’s reconstruction I believe it is important that the private sector will recover in an innovative and flexible manner. With the launch of the Enterprise Support Project the need to support micro, small and medium enterprises, is addressed.  The project design is geared to contribute to the sustainable recovery of the private sector on Sint Maarten. I hope to see tangible results on the island soon!”

Resources for interested applicants can be found at: https://nrpbsxm.org/esp/

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Development

Multilateralism ‘struggling’ to solve world challenges

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While multilateralism remains “committed to solving global challenges”, the deputy UN chief said on Sunday, United Nations Day, it is “struggling to find the path to effective implementation”.

“In the space of six months of the COVID-19 crisis, cooperation among the world’s top scientists had developed vaccines and multilateralism had delivered a vehicle to ensure their distribution across the world – the COVAX facility”, Deputy Secretary-General Amina Mohammed said at Expo 2020 in Dubai, United Arab Emirates.

“And yet today, we are still struggling to get the resources and cooperation required to ensure vaccine equity and to muster up a recovery that would put us on a better path”.

‘More to give’

In 2015, the landmark Paris Agreement and 2030 Agenda for Sustainable Development were established to deal decisively with the climate crisis and end poverty by 2030.

Yet, there have since been struggles to “translate global commitments and the goodwill of a host of stakeholders into national actions and international finance commensurate with the challenge”, explained the deputy UN chief.

And although the world has the tools, knowledge and forums to prevent conflict, it continues as the planet experiences “the largest humanitarian crisis since the beginning of the second world war”, she added.

“This points to an international order that is not yet capable of following through on its own best intentions”, said Ms. Mohammed. “International cooperation and the United Nations have come a long way, but we have so much more to give”.

Living the goals

With 192 nations represented, the deputy UN chief described the Expo is “an auspicious occasion” to mark 76 years of multilateralism, guided by the founding UN Charter.

“The focus of Expo 2020 on sustainability and connecting minds to change the future is at the heart of…Our Common Agenda…vision for ensuring that multilateralism ensures that we – as one human family – breakthrough together”, said the UN official.

Against the backdrop of a global crisis of confidence, trust and collective action, she upheld the need for more effective multilateralism, renewed social contract, deepened solidarity, and stronger investments in youth – with the Sustainable Development Goals (SDGs) at its core.

It is only through inclusion that we can renew our social contract and rebuild trust. And inclusion can only be achieved if we place our youth and women at the centre of the equation”, Ms. Mohammed spelled out.

UN works toward ‘decisive breakthrough’

As the UN climate conference (COP26) in Glasgow fast approaches, the world “must do better” at ensuring both women and young people are shaping “the critical decisions we need to make as a global society”, argued the UN official.

“What gives me immense hope is that UN staff right across the world are dedicated to nothing more and nothing less than securing that decisive breakthrough”, she stated.

From troubled corners like Afghanistan or Ethiopia to the world of diplomacy, common ground and solutions in New York or Geneva and from teams on the ground in Small Island States to UN Country Teams around the world, UN staff is working hard to achieve the Organization’s aspirations.

And sustainability is not only a common theme in all pavilions but the SDGs are incorporated in many of the Expo’s presentations and exhibits.

“Let us mark this day in full knowledge of the fact that the United Nations is not some abstract international organization but the will and commitment of the nations and peoples of the world to secure a better future”, said the Deputy Secretary-General.

“And let us capitalize on the powerful opportunity Expo offers us to unite in solidarity to end poverty, protect the planet, secure peace and improve the lives of everyone, everywhere in this critical Decade of Action”, she concluded.

Work together for peace

The Emirates Youth Symphony Orchestra also performing a special “Hymn to the United Nations”, which was composed 50 years ago by legendary cellist, composer and conductor Pablo Casals to commemorate the UN’s work on 24 October 1971.

“Our presence at Expo 2020 offers the opportunity to build awareness about and support for the SDGs, the importance of individual actions, solidarity, hope and engagement”, said Maher Nasser, Commissioner-General of the UN at Expo 2020.

“To build a world in which everyone thrives in peace, dignity and equality on a healthy planet, we need to work together”.

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Tech News

Do You Really Need Name-Brand Cartridges?

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Cartridges from printer manufacturers like Hewlett-Packard are notoriously expensive.  Considering the price of their basic equipment, ink may cost almost as much as the machines. This economic model has been raising eyebrows for many years.  Customers are looking for affordable alternatives, and this global demand is met by the generic cartridge industry. Discovered the best ways to buy inkjet cartridges in Canada.

In recent years, the market for alternative replacements has evolved a lot. You can get excellent quality of printing, free shipping and extended warranties from stores like Smart Ink. For example, the HP 950 ink you can buy at this shop costs under $28, while the full pack from the manufacturer costs well over $100. Here is how to choose the best cheaper replacement for your inkjet cartridge whatever the brand.

How to Save Money

Consumers can slash their expenses if they purchase original products from independent brands or recycled OEM cartridges. Both options offer substantial savings, particularly in the long run. The best providers comply with international quality standards, which guarantees trouble-free printing (CE, ISO 9001, ISO 14000, Reach, STMC). Here is how these types of products compare.

1.      Remanufacturing

Original cartridges may be recycled. This process is known as remanufacturing, and it is based on the reuse of the original shell and internal components (with selective replacements if necessary). Essentially, used cartridges are emptied, thoroughly cleaned and filled with fresh ink, so they can be installed again.

This is the most sustainable method, as it reduces waste. Instead of buying a brand-new cartridge every time you need ink, you get a recycled product. Previously, consumers would take their old products to service providers at physical locations. Today, it is much easier to purchase these products online with free shipping, a money-back guarantee, and other benefits.

2.      Compatible Products

Since the first compatible cartridges emerged, printer manufacturers have tried to prohibit them. Fortunately for consumers, their lawsuits have failed. Products from third-party brands are legal, and they are also much more affordable than the OEM supplies. Both the cartridges and the ink come from the same companies. These products are designed for particular models of printers.

The equipment manufacturers may issue firmware updates preventing the machines from recognizing non-original ink. This restriction is easy to circumvent — just turn off the updates and use any supplies you like. When shopping around, pay attention to the following:

  • Certified quality (compliance with standards listed above)
  • Positive reputation of the store
  • A money-back guarantee
  • Updated chips
  • XL volume
  • Free shipping
  • Sustainable production
  • Reliable packaging

Printer Economics

Popular printer manufacturers sell affordable equipment with expensive consumable supplies. This lets them attract new buyers and profit from the ink for years. However, savvy customers know better than to follow their recommendations. Generic cartridges and remanufactured products offer great value for money — just do a bit of research to find trusted stores in your area.

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Africa Today

UN chief condemns ‘ongoing military coup’ in Sudan

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Protesters take to streets in the Sudanese capital, Khartoum. UN Sudan/Ayman Suliman

UN Secretary-General, António Guterres on Monday condemned the “ongoing military coup” in Sudan, saying Prime Minister Abdalla Hamdok and all other officials, “must be released immediately.” 

Long-time ruler Omar al-Bashir was overthrown by the military following months of popular protest in April 2019, and a transitional government was set up comprising both military and civilian leadership, after a power-sharing agreement, that was due to lead to full democratic elections in 2023. 

Now, according to news agencies, Sudan’s military has dissolved civilian rule, arrested political leaders and declared a state of emergency. Protesters have reportedly taken to the streets of the capital, Khartoum, and there are reports of gunfire. 

In a statement posted on Twitter, the Secretary-General said that “there must be full respect for the constitutional charter to protect the hard-won political transition.” 

The UN will continue to stand with the people of Sudan”, Mr. Guterres assured. 

Progress in jeopardy 

The UN High Commissioner for Human Rights also condemned the attempted coup. 

“These actions threaten the Juba Peace Agreement and jeopardize the important progress made towards democracy and respect for human rights”, Michelle Bachelet said. 

She called on military authorities to abide by the constitutional order and international law, withdraw from the streets, and resolve any differences with civilian leaders serving on the Transitional Council through dialogue and negotiation. 

“I utterly deplore the reported arrest of the Prime Minister, several Ministers, leaders of the Forces of the Freedom and Change and other civil society representatives, and call for their immediate release”, she continued.  

Communication systems down 

Ms. Bachelet also pointed out reports that the internet is down in the country and other means of communication are suspended.  

Blanket internet shutdowns contravene international law, and Internet and mobile services must be restored, as they are essential for people to seek and receive information, particularly in these unsettling circumstances”, she explained.  

She asked military and security forces to refrain from unnecessary and disproportionate use of force, to respect people’s freedom of expression, as well as the right of peaceful assembly. 

According to her, “it would be disastrous if Sudan goes backwards after finally bringing an end to decades of repressive dictatorship.” 

“The country needs to move forward to consolidate democracy, a wish expressed countless times by the Sudanese people, including loudly and clearly on the streets last week and today”, she added.  

UN Mission 

The head of the UN Integrated Transition Assistance Mission Sudan (UNITAMS), also released a statement, declaring that the arrests of the Prime Minister, government officials and other politicians are “unacceptable.”  

“I call on the security forces to immediately release those who have been unlawfully detained or placed under house arrest”, Volker Perthes said. “It is the responsibility of these forces to ensure the security and wellbeing of people in their custody.”  

The UNITAMS chief, who acts as a Special Representative of the Secretary-General, also urged everyone involved to exercise the utmost restraint.  

“All parties must immediately return to dialogue and engage in good faith to restore the constitutional order”, Mr. Perthes concluded. 

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