The World Bank Group Board of Executive Directors today approved South Africa’s request for a $750 million development policy loan (DPL). This loan will support the Government of South Africa’s efforts to accelerate its COVID-19 response aimed at protecting the poor and vulnerable from the adverse socio-economic impacts of the pandemic and supporting a resilient and sustainable economic recovery.
The DPL supports the implementation of South Africa’s Economic Reconstruction and Recovery Plan (ERRP) and is well aligned with the World Bank’s Crisis Response Approach aimed at protecting lives, livelihoods and supporting a more inclusive and resilient growth path. It reflects priorities to modernize the country’s social protection and health services and to improve delivery systems which will apply even beyond the pandemic. It also enhances financial sector stability, specifically the establishment of a deposit insurance scheme. It further supports South Africa’s commitment to climate change.
“The World Bank budget support is coming at a critical time for us and will contribute towards addressing the financing gap stemming from additional spending in response to the COVID-19 crisis,” says Dondo Mogajane, Director General of National Treasury of South Africa. “It will assist in addressing the immediate challenge of financing critical health and social safety net programs whilst also continuing to develop our economic reform agenda to build back better.”
The funding is a low interest loan that contributes to the government’s fiscal relief package while reinforcing South Africa’s decisions on how best to provide relief to the economy and those worst affected by the current crisis. The loan complements support by the International Monetary Fund, the African Development Bank, and the New Development Bank as part of the Government of South Africa’s broader financing strategy to access external financing from international financial institutions.
“With this DPL, we have partnered with the government to provide much needed relief from the impacts of the most serious economic crisis South Africa has experienced in the past 90 years, while tackling long-standing challenges to growth and development. This support aims to put the country on a more resilient and inclusive growth path by leveraging South Africa’s strength to mitigate the effects of the COVID-19 crisis through their strong social safety net and by advancing critical economic reforms,” says Marie Françoise Marie Nelly, World Bank Country Director for South Africa. “This financing builds on our new World Bank Group Country Partnership Framework (CPF) 2022 – 2026, jointly developed with the government in July 2021, to help stimulate investment and job creation.”
As the second largest economy in Africa, South Africa’s economic performance has spillover effects on other countries in the region. Its recovery and successful economic development will provide an economic boost to the whole region.
In Times of Division, Arts and Culture Bring Us Together: Meet the Davos Cultural Leaders
The World Economic Forum announced today the participation of prominent cultural leaders in the Annual Meeting 2022 in Davos-Klosters. These prominent figures will join their peers from business, government, the media and civil society to advance dialogue on how to reconnect in a post-pandemic era and unite to rebuild a world of inclusivity and sustainability under the meeting’s theme “History at a turning point: Government policies and business strategies”.
Cultural leaders will include former Crystal Award recipients world-renowned cellist Yo-Yo Ma and musician will.i.am; portrait and documentary photographer Platon; Verbier Festival and Academy founder and director Martin Engström; Grammy-winning classical pianist Emanuel Ax; singer/songwriter, actress and activist Inna Modja; and new media artist and director Harry Yeff.
“Never has there been a time more important, more pressing, then the present for arts and culture to unite us,” said Joseph Fowler, Head of Arts and Culture at the World Economic Forum. “When you experience culture, there is a sense of expansion when you cease to think about yourself and you feel part of something larger. The creative sectors are some of the most important when it comes to social impact and human connection and when they are coupled with the power of new technologies, arts and culture have an immense potential to nurture a culture of peace.”
Arts and culture will be integrated across throughout the Annual Meeting 2022:
Thepower and potential of the human voice is the focus of Voice Gems – Messages of Hope. Created by Harry Yeff and Trung Bao, the Voice Gems system sculpts over 200,000 particles with fingerprint-like voice data to create the colours and form of the each unique gem stone. The exhibition will feature a total of 17 messages of hope that have been recorded by a diverse selection of people including primatologist and anthropologist Jane Goodall; creative innovator, entertainer and tech investor will.i.am; poet and author Rupi Kaur; author and disability advocate Sinead Burke; and spiritual leader Sadhguru.
The Annual Meeting concert entitled “Our Shared Humanity” – to be performed byYo-Yo Ma and Emanuel Ax – is a celebration of humanity and shared hopes for a united and prosperous future. The accompanying immersive backdrop includes images provided by Atlas of Humanity as well as an exclusive filmed performance by dancer and choreographer Ahmad Joudeh. It is also a musical statement of support and solidarity with the people of Ukraine.
In collaboration with the Natural History Museum – London, a selection of photographs from the 2021 edition of the Wildlife Photographer of the Year competition will be showcased, inviting viewers to gaze through the lens of some of the world’s best wildlife photographers and explore the natural world in all its fragility, diversity and wonder.
Exploring the endless scope of opportunity the Metaversepresents, the Forum has partnered with Microsoft and Accenture to create the Global Collaboration Village. This will be anopen, collaborative platformbuilt together with international organizations, governments, civil society organizations and arts organizations. The overall concept and architecture will be showcased at Davos as well as a prototype of the experience and its functionality. An immersive experience will tell the story of the Sahel and Africa’s Great Green Wall Initiative supported by 1T.org.
After Two-Year Hiatus, Open Forum returns to Davos at a Crucial Turning Point in History
As part of the World Economic Forum Annual Meeting 2022, this year’s Open Forum Davos will focus on the impacts of the COVID-19 pandemic, the Russian invasion of Ukraine and the role of multilateralism for peace in Europe as well as other global challenges.
Taking place for the first time since January 2020, the Open Forum offers a platform for debate and interaction on controversial issues between the public and scholars, business leaders and policy-makers around improving the state of the world.
Young and diverse voices will also play a prominent role in the discussions, with one session on youth mental health co-designed and moderated by students from Geneva, Switzerland. Each session will include at least one member of the Forum’s Global Shapers Community, a wide-ranging network of people under 30 from all walks of life and different parts of the world.
Ignazio Cassis, President of the Swiss Confederation, among other high-level panellists, will be joined by Ievgeniia Bodnya, 27, who mobilized the Global Shaper Hub she leads in Kyiv to build the Support Ukraine Now, a crowdsourcing and sharing information platform for people to support Ukrainians affected by the war. In another session, Kyiv Mayor Vitaliy Klitschko and his brother Wladimir, Chairman of the Klitschko Foundation, will talk about how the Russian invasion has affected them and their country.
Also present at the Open Forum will be a group of climate activists, including 26-year-old Vanessa Nakate, author and climate advocate who addressed world leaders at the World Economic Forum 2020. The activists will articulate how to turn words into action to fight the climate crisis. Gender equality will also feature prominently in the conversations.
On the digital front, the last two years have seen the blending of in-person and virtual interactions. Peggy Johnson, Chief Executive Office of augmented reality company Magic Leap, will introduce the possibilities of the Metaverse and then join a panel of experts, including Pascal Kaufmann, President and Founder of the Mindfire Foundation, the brain behind Lab42, which is setting up shop in Davos in July and aims to become the largest AI lab in the world.
Additional panellists who will participate in this year’s Open Forum Davos include:
- Ignazio Cassis, President of the Swiss Confederation and Federal Councillor for Foreign Affairs of Switzerland
- Stephane Bancel, Chief Executive Officer, Moderna
- Isabella Eckerle, Associate Professor, Department of Medicine, University of Geneva
- Vivianne Heijnen, Minister for the Environment, Ministry of Infrastructure and Water Management of the Netherlands
- Mikaela Jade, Founder and Chief Executive Officer, Indigital
- Peggy Johnson, Chief Executive Officer, Magic Leap Inc.
- Marco Lambertini, Director-General, WWF International
- Edward Lewin, Vice-President and Head of Government and Public Affairs, LEGO Group
- Klaus Moosmayer, Chief Ethics, Risk and Compliance Officer, Novartis AG
- Seth Moulton, Congressman from Massachusetts
- Nadia Murad, Nobel Peace Laureate, Nadia’s Initiative; Co-Founder, Global Survivors Fund (GSF), Global Survivors Fund
- Anna Riedl, Cognitive Scientist and Global Shaper, Vienna Hub
- Philipp Wilhelm, Mayor of Davos
- Sakena Yacoobi, Executive Director, Afghan Institute of Learning
Open Forum Programme
Monday 23 May
12.30 – 13.30 A Discussion with the Klitschkos
18.30 – 20.00 A Wake-Up Call from Nature
Tuesday 24 May
09.00 – 10.30 Growing Up in the Pandemic
14.30 – 16.00 Working Together for Peace
18.30 – 20.00 Ethical Decision-Making in Times of Crisis
Wednesday 25 May
09.00 – 10.30 Turning Words into Action
12.30 – 14.00 A Discussion about Equality
18.30 – 20.00 Racial Disparities in Refugee Treatment
Thursday 26 May
09.00 – 10.30 The Possibilities of the Metaverse
The Open Forum Davos, now in its 19th year, will open its doors to the public from 23 to 26 January in Davos, Switzerland. It will be held at the Tobelmühle Sports Hall, Tobelmühlestrasse 4 e, Davos Platz, Switzerland. Those who missed the deadline to attend in person can watch the sessions via webcast at www.weforum.org/open-forum #wef22 #openforum. Sessions will be also available on YouTube after the event.
Countries review progress on global migration compact
Although many migrants worked on the frontlines of the COVID-19 pandemic, risking their own lives to save others, they were at times denied access to basic services and excluded from recovery plans, UN Secretary-General António Guterres said in New York on Thursday.
Mr. Guterres was addressing the official opening of a meeting to review progress towards implementing the Global Compact for Safe, Orderly and Regular Migration, adopted by governments in 2018.
The first International Migration Review Forum will also examine the interplay between migration and broader concerns, including the pandemic, conflict, development finance, and the climate emergency.
Lessons from the pandemic
While commending efforts to improve the lives of migrants, such as helping them to integrate into host countries, Mr. Guterres noted that these measures are too often the exception and not the norm.
Globally, there are an estimated 281 million international migrants worldwide, who have left their home countries for travel, work, or other opportunities, or due to conflict, poverty, natural disasters or other crises.
Migration is a fact of life, the Secretary-General said, but too often it has been poorly managed, uncoordinated, misunderstood, and vilified.
Making migration safer
“Today, over 80 per cent of the world’s migrants move between countries in a safe and orderly fashion. But unregulated migration – the cruel realm of traffickers – continues to extract a terrible cost,” said Mr. Guterres.
He underlined the humanitarian, moral and legal imperatives for safe and orderly migration as thousands still die each year in the pursuit of opportunity, greater dignity, and a better way of life.
“We must do more to break the stranglehold of smugglers and better protect migrants in vulnerable situations, in particular women and girls,” he said.
Countries must also expand and diversify what the UN chief called “rights-based pathways for migration” and ensure that returns and readmissions are safe and in full accordance with international law.
The Global Compact represents the international community’s resolve to put human rights into practice to transform how we understand and manage migration, he said.
Mr. Guterres said migrants are a part of society and must also be part of the renewed social contract, outlined in his Our Common Agenda report, to build trust, increase participation, and strengthen social cohesion.
Support for governments
“The Global Compact speaks to the heart of the mission of the United Nations. It is a global response to a global phenomenon for which we need to be much better prepared.”
The Secretary-General also highlighted support to Member States through the UN Network on Migration, which has established a mechanism to contribute technical, financial and human resources towards the Compact’s implementation.
The four-day International Migration Review Forum began on Tuesday and will conclude on Friday. Roundtables and a policy debate were held on the first two days, with the final two days devoted to plenary meetings. A progress declaration is set to be adopted
The Secretary-General urged participants to secure a strong political outcome through actionable pledges and strong monitoring and follow-up mechanisms.
“Let us keep up the momentum as we work together for a safer and more prosperous future for us all, including migrants,” he said.
‘Terrible human cost’
In his remarks, the President of the UN General Assembly, Abdulla Shahid, emphasized the need to act now, drawing attention to “the terrible human cost”.
He said at least 8,436 migrant deaths were recorded globally between 1 January 2019 and 24 November 2021. A further 5,534 migrants went missing and are presumed dead, adding that these were just the reported numbers.
“Behind every number is a family, a community, a life. They seek what we seek. They dream what we dream – Opportunity. Dignity. A better life,” said Mr. Shahid.
“Our ability to protect and to integrate migrants is not only a barometer of the health of our institutions – but of the empathy we feel for our fellow human beings; of our will to do right by our own conscience; of our commitment to upholding the basic human rights of all.”
Mr. Shahid told the conference that as countries work to recover from the pandemic, and to achieve sustainable development by 2030, they will need the contribution from all in society, including migrants.
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