2022: An Apocalyptic Warning of the Frailty of Our Planet

By External Source
Dec 23 2022 (IPS-Partners)

 

2022 has been an apocalyptic warning of the frailty of our planet…

…and the woeful shortcomings of humankind.

It started with Russia’s invasion of Ukraine.

And it’s ending with famine in Africa.

More than 7.8 million Ukrainians have fled the country.

And the impact of the war has been felt worldwide.

Prices of basic commodities have skyrocketed.

Somalia used to import 90 per cent of its wheat from Russia and Ukraine.

And now it is enduring the worst drought to hit the Horn of Africa in 40 years.

Women and girls are paying “an unacceptably high price” among affected communities. – UN Population Fund (UNFPA).

2022 is on its way to becoming one of the five hottest years on record.

Agriculture and food security joined the COP27 agenda.

More than 25% of arable soils worldwide are degraded, according to the FAO.

The equivalent of a football pitch of soil is eroded every five seconds.

The planet’s bio-diversity is being devastated as a result.

Still unresolved, however, is which countries will give money and to whom.

Only 1.7% of all climate finance reaches small-scale producers in developing countries.

As little as 8% of overseas aid goes to projects focused primarily on gender equality.

One seismic milestone event happened in late 2022.

The birth of the 8 billionth person was celebrated on November 15.

“We’ve just welcomed the 8 billionth member of the human race on this planet. That’s a wonderful birth of a baby, of course. But we need to understand that the more people there are, the more we put the Earth under heavy pressure,”
– Inger Andersen, Executive Director of the UN Environment Programme (UNEP).

 


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War, Famine, Disease, Disasters – 2022 – a Year Staring at Apocalypse

By Farhana Haque Rahman
TORONTO, Canada, Dec 23 2022 – A year that started with Russia’s invasion of Ukraine and is ending with famine in Africa, while still spreading death and misery through an enduring pandemic and a deteriorating climate crisis — 2022 has been an apocalyptic warning of the frailty of our planet and the woeful shortcomings of humankind.

Farhana Haque Rahman

Beyond the stark statistics of millions of people displaced by war and natural disasters, it has been a 12 months that tragically highlighted our global interconnections and how a confluence of events and trends can bring another year of record levels of hunger.

Tens of thousands of soldiers and civilians (numbers given by the UN and involved parties vary enormously) have been killed in Ukraine since Russia launched war on February 24. More than 7.8 million Ukrainians have fled the country. Billions of dollars have been spent on armaments.

But the impact of the war has been felt worldwide, driving up prices of basic commodities such as oil, gas, grain, sunflower oil and fertilisers. Somalia, now in the grip of the worst drought to hit the Horn of Africa in 40 years, used to import 90 per cent of its wheat from Russia and Ukraine.

Commodities have been weaponised. Countries slipped back into recession, just as they were slowly recovering from the economic distress of Covid-19 lockdowns. A deepening relationship between sanctioned Russia and an energy- hungry China exacerbated existing tensions with the US over Taiwan. The result? China broke off climate cooperation efforts with the US in the run-up to the COP27 climate conference hosted by Egypt in November with 200 countries and 35,000 people attending.

Against the backdrop of devastating floods in Pakistan and West Africa, and with 2022 on its way to becoming one of the five hottest years on record, agriculture and food security joined the COP27 agenda. Talks ran into extra time, as they tend to, and countries of the global South emerged with the landmark creation of a special fund paid by wealthier countries to address the Loss and Damage caused by climate change in the most vulnerable nations.

“After 30 contentious years, delayed tactics by wealthy countries, a renewed spirit of solidarity, empathy and cooperation prevailed, resulting in the historic establishment of a dedicated fund,” said Yamide Dagnet, director for climate justice at the Open Society Foundations, reflecting a sense of hard fought victory among developing countries.

Still unresolved however is which countries will give money and to whom. China in particular seems uneasy over which category it belongs to. However COP27 joined its 26 forerunners since 1995 in not reaching a binding agreement on cutting fossil fuel burning which has continued to rise globally, except for a brief pandemic dip. For this, many branded it a failure. “Humanity has a choice: cooperate or perish. It is either a Climate Solidarity Pact – or a Collective Suicide Pact,” UN Secretary-General Antonio Guterres told the opening plenary session. By the end, many felt the conference had concluded with the latter. Rather than falling, the latest estimates from the Global Carbon Project show that total worldwide CO2 emissions in 2022 have reached near-record levels.

Victims of devastating floods, heatwaves and forest fires, and severe drought in Central Sahel and East Africa surely needed no confirmation from the final decision text of COP27 which recognises “the fundamental priority of safeguarding food security and ending hunger” and the vulnerability of food production to climate change.

In this respect, COP27 recognised the importance of nature-based solutions – a theme driven by the International Union for Conservation of Nature (IUCN) in ringing alarm bells on the degraded soil, water sources and eco-systems caused by intensive agriculture with overuse of fertilisers and pesticides. According to FAO, more than 25 percent of arable soils worldwide are degraded, and the equivalent of a football pitch of soil is eroded every five seconds. The planet’s bio-diversity is being devastated as a result. As highlighted by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) in stressing the vital connections between Nature and people, a landmark report in July found that 50,000 wild species provide food, osmetics, shelter, clothing, medicine and inspiration. Many face extinction. As international agencies and NGOs (and media outlets) jostled and competed for funding to deal with the fallout from wars and climate emergencies, the International Fund for Agricultural Development (IFAD) which is active in the Sahel cautioned that only 1.7 per cent of all climate finance reaches small-scale producers in developing countries and as little as 8% of overseas aid goes to projects focused primarily on gender equality. Women’s empowerment has been made a major focus of ASAP+, IFAD’s new climate change financing mechanism.

Women and girls are paying “an unacceptably high price” among communities hit by severe drought in the Horn of Africa, according to the UN Population Fund (UNFPA). It launched a $113.7 million appeal to scale-up life-saving reproductive health and protection services, including establishment of mobile and static clinics in displacement sites.

Also overshadowed by wars and pandemics in 2022 were marginalised communities lacking a voice, suffering diseases such as leprosy or exploited in the form of child labour.

Yohei Sasakawa, WHO Goodwill Ambassador for Leprosy Elimination, says many issues have been sidelined because of the Covid-19 pandemic. Society has the knowledge and means to stop and cure leprosy, he says in the ‘Don’t Forget Leprosy’ campaign by the Sasakawa Leprosy Initiative.

“When people are still being discriminated against even after being cured, society has a disease. If we can cure society of this disease—discrimination—it would be truly epoch-making,” he told IPS.

A similar message was delivered by Nobel Laureate Kailash Satyarthi who told the 5th Global Conference on the Elimination of Child Labour that a mere $53 billion per annum – equivalent to 10 days of military spending – would ensure all children in all countries benefit from social protection. International Labour Organisation and UNICEF statistics from 2020 show at least 160 million children are involved in child labour, a surge of 8.4 million in four years. Children denied education became a burning issue in Afghanistan in March when the Taliban declared that girls would be banned from secondary education. The UN said 1.1 million girls were affected. The late-night reversal of a decision by Taliban authorities to allow girls from grades 7 to 12 to return to school was met with outrage and distress, inside and outside Afghanistan. Denial of human rights to girls and women has fuelled the desire of many to get out of Afghanistan and seek a better life elsewhere, adding to the millions around the world forced to flee their homes because of conflict, repression or disaster. The Ukraine conflict has displaced more than 14 million people, about a third of the population.

A UN Office on Drugs and Crime report on trafficking warns that refugees from Ukraine are at risk of including sexual exploitation, forced labour, illegal adoption and surrogacy, forced begging and forced criminality.

As they come over border crossings into Poland, refugees – including victims of rape – are greeted with posters and flyers carrying warnings about jail terms for breaking local abortion laws, images of miscarried foetuses, and a quote from Mother Theresa saying: “Abortion is the greatest threat to peace”.

UNDP, which is assisting the Ukraine government in getting access to public services for IDPs, says in its 2022 report, Turning the tide on internal displacement, that earlier and increased support to development is an essential condition for emerging from crisis in a sustainable way.

“More efforts are needed to end the marginalization of internally displaced people, who must be able to exercise their full rights as citizens including through access to vital services such as health care, education, social protection and job opportunities” said Achim Steiner, UNDP Administrator.

Nearly one million Rohingya refugees languishing in refugee camps in Bangladesh after being driven out of Myanmar in waves since 2016 would surely agree.

Asif Saleh, executive director of BRAC, said to be the world’s largest NGO and founded by Sir Fazle after the independence of Bangladesh in 1972, says work needs to “shift towards a development-like approach from a very short-term umanitarian crisis-focused approach”. But the only solution for the Rohingya refugees is their sustainable and voluntary repatriation to Myanmar. As 2022 closes, that unfortunately looks highly unlikely as the military junta that seized power in 2021 fights ethnic armed organisations on multiple fronts.

There was one seismic milestone event that happened in late 2022 although no one is quite sure exactly where and when. The few people to witness it were not aware either – not that it prevented the UN from declaring it a special day. The birth of the 8 billionth person was celebrated on November 15. The world’s population has doubled from 4 billion in 1974 and UN projections suggest we will be supporting about 9.7 billion people in 2050. Global population is forecast to peak at about 10.4 billion in the 2080s.

Inger Andersen, executive director of the UN environment programme, sent a message to the baby, and the rest of the world, as countries meet in Montreal for the COP15 biodiversity conference this month.

“We’ve just welcomed the 8 billionth member of the human race on this planet. That’s a wonderful birth of a baby, of course. But we need to understand that the more people there are, the more we put the Earth under heavy pressure,” she said.

Farhana Haque Rahman is Senior Vice President of IPS Inter Press Service and Executive Director IPS Noram; she served as the elected Director General of IPS from 2015-2019. A journalist and communications expert, she is a former senior official of the United Nations Food and Agriculture Organization and the International Fund for Agricultural Development.

IPS UN Bureau

 


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After 43 Years of Negotiations, Security Council Reforms Move at the Pace of a Paralytic Snail

The UN Security Council. Credit: United Nations

By Thalif Deen
UNITED NATIONS, Dec 23 2022 – The reform of the Security Council, the most powerful body at the United Nations, has remained a never-ending political saga.

According to the President of the General Assembly, Csaba Kőrösi of Hungary, 43 years have passed since the question of Security Council reform first appeared on the UN agenda.

“It has been 17 years since world leaders expressed their support for the so-called “early reform” of the Council, calling it an essential element of the overall effort to reform the United Nations”.

“And it has been 13 years since the General Assembly launched an intergovernmental negotiations (IGN) process”, he added.

But a lingering question remains?

Will reforms be ever achieved in the lifespan of the United Nations, which has made significant contributions as a humanitarian relief organization but remains deadlocked as a political body, outliving its usefulness?

After more than four decades, the reform process has been at a virtual standstill –or perhaps moving at the combined pace of a paralytic snail and a limping tortoise.

Pointing out the deadlock, Kőrös said there are groups of Member States who are very much for the expansion of the permanent and non-permanent membership. There are others who favour expansion only—of non-permanent memberships.

And then, there are countries that favour the preservation of existing veto rights, while others would like to abolish all veto rights.

There are also countries supporting the expansion of non-permanent memberships with similar veto rights or reformed veto rights compared with the one today, he pointed out.

“It would be intellectually very easy to suggest a solution but it’s not my role. I cannot step out of my role, So, it will be the responsibility of Member States to iron out a compromise”

“As we stand, compromises are not on the horizon,” he declared.

Stephen Zunes, Professor of Politics, University of San Francisco, who has written extensively on the politics of the Security Council, told IPS given that the veto-wielding members of the Security Council have a strong stake in maintaining the status quo, it is hard to imagine that these latest efforts at reform will be any more successful than previous attempts.

This can only hurt the credibility of the United Nations, whose enforcement mechanisms will continue to be trapped in a 1945 worldview, he noted.

“It was the Soviets who primarily abused their veto power during the first quarter century of the United Nations. During the next four decades, it was the United States which emerged most frequently as the lone dissenting vote blocking scores of otherwise unanimous Security Council resolutions”.

During the past decade, he pointed out, it has been Putin’s Russia which has emerged as the greatest obstacle to unity.

In almost every case, the negative consequences of vetoes by Washington and Moscow have most seriously impacted not each other, but peoples of the Global South.

“It is a travesty that while only 16% of the world’s population is white, 80% of the permanent seats in the Security Council are held by majority white countries,” said Zunes.

Currently, the 15-member Security Council is composed of five permanent members (P5)– the US, UK, Russia China and France, armed with veto powers, along with 10 non-permanent members, without veto powers, elected for two years, on the basis of geographical rotation.

Meanwhile, the contenders for permanent seats include India, Japan, Germany and Brazil– with or without vetoes.

Africa seeks two seats, and the countries staking their claims include Nigeria, South Africa and Egypt. But the 55-member African Union is now seeking a seat of its own. Last week, Algeria made a case for a permanent seat on behalf of North Africa.

David M. Malone, Rector of the United Nations University and Under-Secretary-General of the United Nations, told IPS: “I fear Security Council reform involving permanent seats– rather than working methods, and perhaps some variations on elected seats, with some of these perhaps becoming semi-permanent with or without vetoes– is likely to be blocked for as long as the UN is around, not least precisely because the world has changed so much that each of the P-5, with the possible exception of China, has something to lose, if even modest reform on composition occurs”.

Adding more vetoes is likely to make the Council even less effective than it is now, and likely slower, he pointed out.

“The reason I put my comment this way is that each of the P-5 has its own reasons for not wanting further competition in terms of power within the Council”, he said.

France may fear the emergence of the idea of an European Union (EU) seat, if the debate gets serious. For the UK, more permanent seats would simply devalue its own, which is a rare jewel (at least in terms of self-image) in the crown after BREXIT.

The US already finds it very hard to get its own way, said Malone, a former Permanent Representative of Canada to the United Nations.

Nobody wants more Russias, particularly at the moment. And China, while formally supporting more permanent seats for countries of the Global South has, noticeably, done nothing concrete to help make this happen.

“The circumstances generating a new multilateral dispensation representing the global community in the sphere of security are likely to arise only after a global catastrophe, just like the UN’s creation was an outcome of World War II”.

And who really wants another World War II type disruption of the current global order, even recognizing the gross equity deficit in the Security Council’s current disposition?
he asked.

“As I’ve observed (and, for my country, at times, on and off played a role relative to) the Council for slightly more than thirty years, I’ve come to think of the Security Council reform issue (as it pertains to composition, rather than to, say, working methods) as a parlour game greatly enjoyed by delegates and observers of the UN.”

They so enjoy it because they know the score is bound to be a nil-one in the final reel.

So, the debate is gratis and gratuitous, however good the intentions of a number of delegations may be, said Malone author of The UN Security Council in the 21st Century (as co-editor; 2015, Lynne Rienner Publishers) and the second edition of Law and Practice of the United Nations (co-authored graduate textbook; 2016; Oxford University Press).

Martin S. Edwards, Professor and Chair, School of Diplomacy and International Relations at Seton Hall University in South Orange, New Jersey, told IPS since President Biden opened the door on this, it makes every bit of sense to rise to the moment.

“But it also means that the window here is narrow, as he will soon have to focus on reelection. And we know that the UN is not going to be a focus in a Republican administration. So, the time for serious dealing is now.”

Recognizing US domestic constraints is important for a second reason as well. What many do not understand is that for the P5, these proposals require ratification, he said.

For the US, that’s a 2/3 vote in a polarized Senate. It is difficult for me to imagine circumstances that would cause Republican Senators to give President Biden a win. And delay on the part of countries will again cause that window to close, Edwards noted.

Many countries are seeking the perfect at the expense of the good. For example, if the issue is representation, then is pursuing a veto really needed?

“Countries have spent several years trying to delegitimize the veto, so it makes little sense to ask for it. Rhetorically, no one wants to propose anything less, and this also makes it difficult to find a deal: you either have a veto or you don’t”.

Some of these proposals are clearly self-serving, said Edwards.

By itself that’s not a bad thing, but since the goal of the African countries was to develop a common negotiating position – the Ezulwini Consensus – it would be a shame for African countries to try to break it.

“To me, there are two questions about that consensus, which is two permanent seats and two elected seats for Africa. Can Africa live with less? And then what does the rest of the SC look like?”

The P5 countries were accorded veto power because of their status as both great powers and the victors in World War II. They continue to exercise that power even though they do not represent the changing global demographic composition or realities of current geopolitical power.

Moreover, whereas the Council was bestowed with the powers to maintain peace and international security with enforceable mechanisms, it has generally failed to reach consensus on enforcing some of its own resolutions, declared Edwards.

IPS UN Bureau Report

 


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Security Council Reform: Big Five are the Heart of the Problem

An emergency Security Council meeting on Ukraine. Credit: UN Photo/Evan Schneider

By James Paul
NEW YORK, Dec 23 2022 – The UN Charter mandates the Security Council to maintain international peace, but wars rage on and nations arm themselves with ever more lethal weapons. No wonder that the Council’s critics are so many and calls for its reform so urgent.

On December 11, 1992, with post-Cold War optimism, the UN General Assembly voted to gather comments from member states on Council reform. Eighty governments made submissions, many sharply critical.

In the thirty years since, there have been endless meetings and initiatives. Year after year, governments, scholars, NGOs, and citizen movements have advanced proposals for Council renovation. In all that time, little progress has been made.

The Council’s five Permanent Members (the P-5) are the heart of the problem. Armed with vetoes, never-ending Council membership, and many other special privileges, they perpetuate their power, protect their global interests and shield their incessant war making.

They shape international law to suit themselves. The United States, the global giant, has by far the most dominant role in the Council. But it is adverse to following the rules itself and rarely inclined towards peaceful conflict solutions. Many ask: should the foxes guard the global chicken coop?

Various powers outside the P-5 want to be elevated to the highest rank. Brazil, India, Japan and Germany have long announced that they want to join the Permanent club. They argue that they would bring fresh ideas to better “represent” world regions and promote world peace.

Nigeria, South Africa and Egypt want to belong to the exclusive club too, bringing (they say) an African voice. But (to use an African metaphor) would these new crocodiles protect the world’s little fish? It seems unlikely!

Other reformers insist on more seats (and longer terms) for the Elected Members of the Council, presently ten in number. Smaller members are very vulnerable to pressure, threats and bribes from the P-5. Further, these lesser countries manage to have only the slightest influence on the Council’s proceedings.

They are, said the exasperated Singapore ambassador, “like short-term commuters on a long-distance passenger train.” So, a simple increase in Elected Members would not be a sure bet.

Limiting the veto or abolishing it entirely would have a very positive result but, needless to say, the P-5 fiercely oppose it. Reformers have also pressed for fairer membership elections and more frequent open public meetings.

Yet (with the exception of cosmetic tweaks) the reform process constantly runs up against P-5 blocking power. Their veto can stop any reform proposal dead in its tracks. But we should not forget that the world is changing and that autocratic power in history never lasts forever!

All reform proposals reflect an idealistic notion that the Council can be changed to restrain the enormous power, appetite and influence of the strongest and richest nations. This idea is rooted in the dream of democratic institutions within nation states, that rich and poor can elect representatives and determine policy in what passes for the general interest.

Difficult as it is at the national level, how could it possibly work in the war-torn world of global politics? Might one day the P-5 Ancien Regime collapse in a great crisis, under desperate pressure from a global citizens’ movement? What would it take to set such a process in motion? It may seem impossible, but so was the French revolution. We can be skeptical, but if we want peace we must press for change.

So, watch out, P-5 autocrats! Change is coming!

IPS UN Bureau

 


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Excerpt:

The writer is former Executive Director, Global Policy Forum and author of “Of Foxes and Chickens”—Oligarchy and Global Power in the UN Security Council.

The Caribbean is leading the way in immigration investment due diligence: CS Global Partners

London, Dec. 23, 2022 (GLOBE NEWSWIRE) — The global market for immigration investment is expected to grow exponentially, with big growth spurts already witnessed during the international travel restrictions imposed by countries across the world as a result of the Covid–19 pandemic. As immigration and border control become increasingly important to countries and nations across the world, the role of immigration and investment due diligence grows.

As the longest–standing and most credible citizenship by investment programmes are found in the Caribbean, we take a look at what these nations can teach us about this growing industry.

What is immigration and investment due diligence?

In a nutshell, due diligence usually refers to the research that is done on a person or entity before engaging in a financial transaction. When it comes to immigration and investing, it means that certain background and other checks are performed on the applicants that are hoping to immigrate or invest in in a particular country or region.

Each territory that an applicant seeks to invest in will have its own requirements. This also applies to citizenship by investment (CBI) programmes, the first of which was launched globally in 1984 by the twin–island nation of St Kitts and Nevis in the Caribbean.

Why is investment immigration due diligence important?

Different countries award citizenship in different ways. Some countries award citizenship by virtue of birth in that country, descent from a parent who is a citizen, or by naturalisation, for example through marriage to a citizen or through an extended period of residence in that country. Citizenship by investment programmes allow successful applicants to obtain citizenship by virtue of a significant investment in a country.

Many families and entrepreneurs turn to citizenship by investment programmes as an alternative form of asset diversification. Global uncertainty is driving the desire among wealthy individuals to incorporate second citizenship as part of their portfolios. However, countries offering CBI programmes still require that applicants be strictly vetted before being granted citizenship. This is to maintain certain standards of the CBI programme and to ensure that applicants comply with certain national and international standards to support safety and security, as criminal background checks are also included in the vetting process.

For more on the requirements for Caribbean CBI programmes, see here.

How is the Caribbean leading the way?

As the acceptance of funds from CBI programmes provide a high level of risk for most banks operating in the Caribbean, as there is usually only one US bank providing corresponding banking services in each of the CBI countries, banks in the Caribbean tend to exercise extreme caution when vetting new customers. Local Caribbean banks therefore exercise their own vetting processes on each CBI applicant before allowing funds from the applicant to enter the local banking sector. As this forms such an important part of the success of each application, this vetting process is usually done before the applicant's application is submitted to the recipient government's CBI unit for processing. This dual process of vetting by the bank as well as vetting by the government agency in charge of CBI adds a necessary and additional level of security to CBI programmes in the Caribbean.

For example, the Dominica CBI due diligence process covers four steps: know–your–customer checks performed by local authorized agents; internal checks including anti–money laundering and counter–terrorism financing vetting by the Citizenship by Investment Unit; mandated international due diligence firms perform online and on–the–ground checks; and regional and international crime prevention bodies check that you are not on any wanted or sanctions lists.

Caribbean governments have also been hard at work to continue making improvements to their CBI programmes and to ensure the quality of their programmes and of the applicants accepted through its programmes. St Kitts and Nevis has recently welcomed a new government administration into power and which has already announced changes to strengthen their CBI programme. In a recent move, a new head of its CBI unit has been appointed.

Caribbean countries have very open and strong relationships with international parties and are always on the lookout at what international law enforcement is saying. For example, security concerns coming out of international law enforcement always trump due diligence service providers. If a due diligence agent gives an applicant a clear review but that same applicant gets a red flag from international law enforcement groups, the country will deny granting citizenship by investment to that applicant.

Another reason why applicants can be refused second citizenship is if an applicant has been refused a visa from a country that the Caribbean countries have visa–free access to.

"When looking at countries which are top–rated, such as those in the Caribbean, we see that they are doing more in upscaling their programmes so that they are not just meeting minimum standards. Their CBI Units are always trying to achieve best practices by asking their due diligence agents on a regular basis how they can improve their risk–based approach, and how they can evaluate applicants better and they are actively involved in the due diligence process from beginning to end," said Karen Kelly, director of strategy and development at Exiger at a due diligence webinar hosted by Financial Times' publication, Professional Wealth Management (PWM) this year. "We find that countries who are already engaging top due diligence intelligence companies have consistent standards across their CBI programmes."

For more information on Caribbean CBI programmes, their offerings and benefits, visit www.csglobalpartners.com.


GLOBENEWSWIRE (Distribution ID 8719525)

Generation and Self-Consumption, the Path to Clean Energy in Argentina

Aerial view of the 5000 square meter roof full of solar panels, in one of the pavilions of La Rural, the busiest fair and exhibition center in Buenos Aires. It is the largest private solar park in the capital of Argentina and required an investment of almost one million dollars. CREDIT: Courtesy of La Rural

Aerial view of the 5000 square meter roof full of solar panels, in one of the pavilions of La Rural, the busiest fair and exhibition center in Buenos Aires. It is the largest private solar park in the capital of Argentina and required an investment of almost one million dollars. CREDIT: Courtesy of La Rural

By Daniel Gutman
BUENOS AIRES, Dec 23 2022 – With large projects held back by the economic crisis and lack of infrastructure, Argentina seems to be looking at an alternative path towards a more sustainable energy mix involving small renewable energy projects, promoted by environmentally aware industries, businesses and private users.

The initiatives are aimed at covering their own consumption, sometimes with the addition of so-called distributed generation, in which user-generators who have a surplus of electricity can inject it into the national power grid and thus generate a tariff credit.

Distributed generation initiatives have just surpassed 1,000 projects already in operation, according to the latest official data.

At the same time, this month saw the inauguration of the largest private solar energy park in the city of Buenos Aires, an initiative of the Argentine Rural Society (SRA), the traditional business chamber of agricultural producers.

The park was installed in the exhibition center the SRA owns in the capital of this South American country, to supply part of its consumption with an investment of almost one million dollars and more than 1,000 solar panels.

“Small private renewable energy projects and distributed generation will be the ones to increase installed capacity in the coming years, because the electricity transmission and distribution system sets strong limits on large projects,” Mariela Beljansky, a specialist in energy and climate change issues, told IPS.

Beljansky, who was national director of Electricity Generation until early 2022, added: “Otherwise there will be no way to meet the growth targets for renewable sources set by Argentina, as part of its climate change mitigation commitments under the Paris Agreement.”

Argentina presented its National Climate Change Adaptation and Mitigation Plan, which includes 250 measures to be implemented by 2030, at the 27th Conference of the Parties (COP27) on climate change held by the United Nations in the Egyptian city of Sharm El Sheikh in November.

The National Secretariat for Climate Change estimated the total value of the plan’s implementation at 185.5 billion dollars, four times more than the debt Argentina incurred in 2018 with the International Monetary Fund (IMF), which has generated a sharp deterioration of the economy since then.

According to the data included in the plan, the energy sector is the largest generator of greenhouse gases (GHG) in the country, generating 51 percent of emissions.

Although renewable sources (with wind projects in first place and solar in second place) reached a record in October, supplying 17.8 percent of total electricity demand, the energy mix continues to be sustained basically by oil, natural gas and large hydroelectric projects.

Furthermore, the country has not decided to slow down the development of fossil fuels. The main reason is that it has large reserves of shale natural gas in the Vaca Muerta field in the south of the country, which has been attracting the interest of international investors for years. The climate change plan sets the goal of using natural gas as a transition fuel to replace oil as much as possible.

The plan also includes the objectives of developing a variety of renewable energy sources (wind, solar, small hydro, biogas and biomass) and also distributed generation, “directly at the points of consumption” and connected to the public power grid, at the residential and commercial levels.

Large renewable projects experienced strong growth between 2016 and 2019, on the back of an official plan that guaranteed the purchase of electricity at attractive prices for investors, but since then there have been virtually no new initiatives.

This truck functions as a mobile health center, travelling through towns in Patagonia, in southern Argentina. The roof of the vehicle is covered with solar panels that provide electricity to the four mobile consulting rooms and diagnostic imaging equipment. CREDIT: Courtesy of Utorak

This truck functions as a mobile health center, travelling through towns in Patagonia, in southern Argentina. The roof of the vehicle is covered with solar panels that provide electricity to the four mobile consulting rooms and diagnostic imaging equipment. CREDIT: Courtesy of Utorak

Consumption subsidies

“In Argentina’s current situation, where there is practically no financing, and there are restrictions on importing equipment, high inflation and economic uncertainty, it is difficult to think about large renewable energy parks, and small projects become more attractive,” Marcelo Alvarez, a member of the board of the Argentine Renewable Energy Chamber (Cader), told IPS.

Alvarez pointed out that what conspires against small private and distributed generation projects are the subsidies that the Argentine government has been providing for years to energy consumption, including those families with high purchasing power that do not need them.

“Artificially cheap electricity rates and the scarcity of credit discourage the growth of renewables,” Alvarez said.

“The proof of this is that more than half of the distributed generation projects in operation are in the province of Cordoba (in the center of the country), where electricity prices are three times more expensive than in Buenos Aires and there is a special line of credit from the local bank (Bancor, which grants ‘eco-sustainable loans’) for renewable equipment,” he said.

Indeed, according to data from the Energy Secretariat, there are 1,051 user undertakings that generate their own electricity and inject their surplus into the grid and 573 of them are in the province of Cordoba.

Argentine state energy subsidies totaled 11 billion dollars in 2021 and this year, up to October, they already exceeded seven billion dollars, according to data from the Argentine Association of Budget and Public Financial Administration (Asap).

As for sources of financing, there is a line of credit endowed with 160 million dollars from the Inter-American Development Bank (IDB) and the Banco de Inversión y Comercio Exterior (Bice), financed in part by the Green Climate Fund, which is aimed at renewable sources and energy efficiency projects for small and medium-sized businesses. However, most companies are unaware of its existence.

View of photovoltaic panels in a private neighborhood in Pilar, some 50 kilometers from Buenos Aires. Solar panels have become part of the landscape in the suburbs of Argentina's capital city. CREDIT: Courtesy of Utorak

View of photovoltaic panels in a private neighborhood in Pilar, some 50 kilometers from Buenos Aires. Solar panels have become part of the landscape in the suburbs of Argentina’s capital city. CREDIT: Courtesy of Utorak

Private ventures

On Dec. 15, the Rural Society inaugurated the largest private solar park in Buenos Aires, in the 42,000 square meter covered area where the country’s most important fairs and exhibitions are held. The investment reportedly amounted to almost one million dollars.

“We have 42,000 square meters of roofs in our pavilions. It is a very important flat surface for the placement of solar panels, so we had been thinking about it for several years. We had done a pilot project in 2019, but then everything was delayed by the pandemic, which forced us to close the venue,” Claudio Dowdall, general manager of La Rural, told IPS.

“At this stage we used 5,000 square meters of roofs, on which we placed 1,136 photovoltaic panels, with a total power of 619 kW. This is equivalent to the average consumption of 210 family homes and, for us, it is between 30 and 40 percent of the electricity we use,” he added.

Andrés Badino, founder of Utorak, a company that has been dedicated to renewable energy for families and companies for more than five years, confirms that consultations and demand are growing in the sector.

“People’s interest has been growing because of increased environmental awareness and, also, because of what can be saved on electricity bills for residential users and for educational institutions and healthcare centers as well,” Badino said.

“Argentina has a national industry for the production of solar thermal tanks, but not for the manufacture of panels, inverters or batteries, despite the fact that the country has one of the largest reserves in the world, the main component. But we are confident that international prices will go down and drive demand,” he said.

Raising Retirement Age Coming Soon

Over the past fifty years the world’s life expectancy at birth increased by 16 years, i.e., from 56 in 1970 to 72 in 2020. Credit: Maricel Sequeira/IPS

By Joseph Chamie
PORTLAND, USA, Dec 23 2022 – Despite the objections, resistance and protests taking place in many countries around the world, raising the official retirement age to receive government provided pension benefits is coming soon.

The primary reason for raising the official retirement age is the rapidly rising costs of national old-age pension programs, which are mainly the result of two powerful global demographic trends: population ageing and increased human longevity.

The age structures of populations worldwide are becoming older than ever before. Over the past half century, for example, the median age of the world’s population has increased by 10 years, i.e., from 20 years in 1970 to 30 years in 2020. Many countries have attained median ages in 2020 well above 35 years, such as France at 41 years, South Korea at 43 years, Italy at 46 years and Japan at 48 years (Figure 1).

 

Median ages for world and selected countries: 1970, 2020 and 2070 - Despite the objections, resistance and protests taking place in many countries around the world, raising the official retirement age to receive government provided pension benefits is coming soon

Source: United Nations.

 

Moreover, the median ages of populations are expected to continue rising over the coming decades. The median age for the world, for example, is expected to reach close to 40 years by 2070. Also in some countries, including China, Italy, Japan and South Korea, the median ages of their populations by 2070 are projected to be 55 years or older.

Even with the ageing of populations and increases in human longevity, official retirement ages in order to receive government pension benefits have remained largely unchanged at relatively low levels, typically below 65 years

The pace of changes in the population age structures of China and South Korea are particularly noteworthy. In 1970 their populations had a median age of 18 years, i.e., half of their populations were children. By 2070 the median ages of China’s and South Korea’s populations are expected to triple to 55 and 61 years, respectively, with the proportion of children declining to 12 and 10 percent, respectively.

Many countries will see their elderly population increase rapidly, reaching about one-third of their total populations by midcentury. In addition, by 2070 the proportion aged 65 years and older in some countries, such as China, Italy, Japan, South Korea and Spain, are expected to be approximately 40 percent.

In addition to markedly older population age structures, life expectancies have increased significantly during the recent past with both men and women living longer than ever before. For example, over the past fifty years the world’s life expectancy at birth increased by 16 years, i.e., from 56 in 1970 to 72 in 2020.

The gains in life expectancies at birth for some countries were even more impressive, with increases of more than 20 years during the past five decades. Again, the gains in life expectancy achieved by China and South Korea are particularly noteworthy. China’s life expectancy at birth increased by 21 years, i.e., from 57 years in 1970 to 78 years in 2020, and South Korea’s increased by 22 years, i.e., from about 62 years in 1970 to 84 years in 2020.

Moreover, the life expectancies of the elderly have also increased over the recent past. At age 65, for example, the world’s average life expectancy increased by four years, from 13 years in 1970 to 17 years in 2020. And in many developed countries, including Canada, Italy, France, Germany, Italy and Japan, life expectancies at age 65 years have reached 20 years or more (Figure 2).

 

Life expectancies at birth for world and selected countries: 1970, 2020 and 2070 - Despite the objections, resistance and protests taking place in many countries around the world, raising the official retirement age to receive government provided pension benefits is coming soon

Source: United Nations.

 

Some of the largest gains in life expectancies at age 65 years have been in East Asia. For example, gains in China, South Korea and Japan were 7, 8 and 9 years, respectively, resulting in life expectancies at age 65 of 18, 22 and 23 years, respectively. In other words, people in those countries on average can expect to live to ages 83, 87 and 88 years, respectively.

Despite the recent setbacks in life expectancies due to deaths from the COVID-19 pandemic, life expectancies of the elderly are expected to continue rising throughout the remainder of the 21st century. For example, by 2070 the world is projected to have an average life expectancy at age 65 of 21 years. Also, many developed countries by that time are expected to have life expectancies at age 65 of 25 years or more, i.e., people surviving on average to age 90.

Even with the ageing of populations and increases in human longevity, official retirement ages in order to receive government pension benefits have remained largely unchanged at relatively low levels, typically below 65 years. For example, the official retirement age in France and South Korea is 62 years and in Brazil and Russia the retirement age is also 62 for men, 57 years for women (Figure 3).

 

Official retirement age of men and women for selected countries

Source: OECD.

 

However, some countries are now proposing to raise their retirement ages. China, for example, recognizing its rapidly ageing population, shrinking labor force and its national pension’s expected insolvency by 2035, has said that over the next five years it would gradually delay the legal retirement ages, which have been unchanged for more than 70 years.

Despite public objections in the past, China took an initial step several months ago to raise its current retirement age, which is 60 for men and 55 for white-collar women workers and 50 for blue-collar women workers. In one of its eastern provinces people were permitted to start voluntarily applying for delayed retirement.

Also, the French government, remarking “vivre plus longtemps, travailler plus longtemps”, has proposed that beginning in 2023 the minimum retirement age to receive a full pension be gradually increased from today’s 62 to 65 by 2031. Although previous proposals were shelved due to nationwide strikes, the French government has said that without those proposed changes a decrease in the size of pensions would be needed.

One OECD country, the United States, was among the earliest in legislating an increase in the official retirement age to 67 years to receive full benefits, which is above the current average age for OECD countries. Also, seven OECD countries have introduced linkages between life expectancy and retirement age.

In addition to being unpopular among the general public, raising the official retirement age is an issue that governments are not eager to address. Typically, government officials remain silent on the issue and postpone making decisions regarding projected financial shortfalls in national retirement programs.

In the United States, for example, the Social Security Board of Trustees in its 2022 annual report concluded that if no changes are made, the program will not be able to meet its financial responsibilities by 2035. Although various political statements have been made by government officials, the U.S. Congress has yet to propose the needed legislation to address Social Security’s projected insolvency in a dozen years.

In general, the three major options available to governments to address pension insolvency are: reduce benefits, increase taxes and raise retirement age. Reducing benefits, however, would create financial difficulties for many of the elderly. Increasing taxes is also unlikely to be well received by today’s workers and business communities. Consequently, raising the retirement age may be the least objectionable option to address projected pension insolvencies.

The consequences of the demographic realities of older population age structures and increasing longevity are unavoidable. In particular, those consequences include: decreasing numbers in the labor force per retired person: increasing proportions in old age who are living longer; and rising costs for old age retirement benefits that threaten the solvency of the national programs.

In sum, raising the retirement age addresses many of the consequences of those seismic demographic changes as well as expands the size of the labor force, provides additional years for workers to save for retirement, and deals with the projected insolvencies of government pension programs.

 

Joseph Chamie is a consulting demographer, a former director of the United Nations Population Division and author of numerous publications on population issues, including his recent book, “Births, Deaths, Migrations and Other Important Population Matters.”

 

All Girls Must be Allowed to Return to Education in Afghanistan

By Yasmine Sherif
NEW YORK, Dec 23 2022 (IPS-Partners)

Education Cannot Wait stands in solidarity with every girl and woman in Afghanistan. Each one has an inherent human right to education. We also stand in solidarity with every Afghan father, brother, husband and son, suffering the pain of seeing their daughter, sister, wife and mother brutally denied their right to an education.

Yet, in recent days, the Taliban has taken drastic measures to ban girls from attending university, has for over a year banned girls from attending secondary school, and reports indicate possible further bans of girls from elementary school and of female teachers from the classroom.

Any ban on girls’ education is a despicable attack on human rights and on Afghanistan, as a country. Afghanistan has suffered decades of brutal conflict, extreme poverty, starvation and climate-induced disasters. The people of Afghanistan have experienced excruciating hardship for far too long. How much more can the Afghan people take?

In preventing girls and women from going to school and higher education, 50% of the population is excluded from rebuilding Afghanistan, their communities and their families. There will be no female doctors, nurses or teachers to provide basic services to girls and women. There will be no Afghan children whose mothers or sisters can help them learn and develop.

As the United Nations global fund for education in emergencies and protracted crises, Education Cannot Wait joins UN Secretary-General António Guterres in urging the de facto authorities to ensure equal access to education at all levels for women and girls. Afghanistan needs all of its people in order to rebuild from four decades of conflict.

All over the world, women and girls have a basic human right to an education. By denying them the inherent right to an education, the de facto authorities are causing great harm to the people of Afghanistan – girls, women, men, and boys alike.

Education and knowledge are cornerstones of the teachings of Islam, cornerstones of an enlightened society, and cornerstones of peace, economic prosperity, and progress everywhere. Girls and women who are guaranteed their human rights – especially their right to seek knowledge – are the backbone of a greater society arising out of war and poverty.

Education Cannot Wait will continue to advocate for the rights of all girls to quality education in Afghanistan and beyond. We stand with the global community and will continue to work tirelessly to fulfil the universal, moral obligation to protect girls and women and ensure that their right to an education is fulfilled.

We urge people everywhere to join the world in calling on the de facto authorities to end this despicable and unconscionable ban. It is an open wound bleeding for our collective humanity. It is a painful blow to the inherent rights of millions of women and men already suffering in Afghanistan. It is time to alleviate their suffering – not inflict more of it.

The ban does not represent Afghanistan. It does not represent Islam. It does not represent culture. The ban on education for girls represents brutality and ignorance in its utter form. Most of all, it represents absolute inhumanity and irresponsibility towards the long-suffering people of Afghanistan. Ending the ban immediately will also contribute to ending the anguish and sorrow of the Afghan people.

 


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Excerpt:

ECW Director Yasmine Sherif Statement

Nyxoah Files Shelf Registration Statement and Announces At-the-Market Equity Offering Program

INSIDE INFORMATION
REGULATED INFORMATION

Nyxoah Files Shelf Registration Statement and
Announces At–the–Market Equity Offering Program

Mont–Saint–Guibert, Belgium "" December 22, 2022, 10:10pm CET / 4:10pm ET "" Nyxoah SA (Euronext Brussels/Nasdaq: NYXH)("Nyxoah" or the "Company"), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that it has filed a $200 million shelf registration statement on Form F–3 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC"). Once declared effective by the SEC, the Registration Statement would permit the Company to sell, from time to time, up to $200 million in aggregate value of its common stock, preferred stock, debt securities, warrants, and/or units. The Registration Statement is intended to provide the Company with flexibility to access additional capital when market conditions are appropriate.

The Company also entered into a sales agreement (the "Sales Agreement") with Cantor Fitzgerald & Co. ("Cantor"), as sales agent, pursuant to which the Company may sell new ordinary shares having an aggregate offering price of up to $50 million (the "Offered Shares") from time to time through an “at–the–market” offering (the "ATM"). The actual number of Offered Shares to be issued, if any, will depend on the Company's determination, in its sole discretion, to make sales and the price per share of any such sales. However, the number of Offered Shares shall not exceed 6 million shares. The Offered Shares will be sold at a sales price per Offered Share equal to the then current USD market price of the Nyxoah ordinary share on the Nasdaq Global Market at the time of the relevant sale.

Cantor may sell Offered Shares by any method permitted by law deemed to be an "at–the–market" offering as defined in Rule 415 of the Securities Act of 1933, as amended, including without limitation sales made directly on the Nasdaq Stock Market, on any other existing U.S. trading market for the ordinary shares, or to or through a market maker. Since the Offered Shares will be sold at market prices prevailing at the time of the sale, sales prices may vary. No sales of Offered Shares will be conducted in Belgium or through Euronext.

The ATM offering is being made only by means of a prospectus included within the Registration Statement. The Registration Statement has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the Registration Statement becomes effective. When available, copies of the prospectus relating to the ATM may be obtained from Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, New York, NY 10022, or by email: prospectus@cantor.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah's lead solution is the Genio system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world's most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities.

Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors' therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

Caution "" CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward–looking statements
Certain statements, beliefs and opinions in this press release are forward–looking, which reflect the Company's current expectations regarding the Company's results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward–looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward–looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the "Risk Factors" section of the Company's Annual Report on Form 20–F for the year ended December 31, 2021, filed with the Securities and Exchange Commission ("SEC") on March 24, 2022, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward–looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward–looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward–looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward–looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward–looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward–looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward–looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward–looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
Loic Moreau, Chief Financial Officer
corporate@nyxoah.com
+32 473 33 19 80

Jeremy Feffer, VP IR and Corporate Communications
jeremy.feffer@nyxoah.com
+1 917 749 1494

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Quantexa Positioned by Global Risk Analyst Firm Chartis as a Category Leader in 2023 RiskTech 100 Report for Trade-Based Money Laundering Solutions

LONDON, Dec. 22, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that their Decision Intelligence Platform has been recognized as a category leader in the Chartis RiskTech100 report for Trade–Based Anti–Money Laundering Solutions (TBAML). Quantexa's Decision Intelligence Platform has also been recognized by Chartis as a category leader in the recently released Chartis Financial Crime Risk Management Systems, Entity Management and Analytics Quadrant report.

RiskTech 100: Trade–Based Anti–Money Laundering Solutions
The 2023 RiskTech100 report ranks the world's major players in risk and compliance technology. In the Trade–based money laundering (TBML) category Quantexa was named as a category leader for data support of their enterprise solution. The Quantexa Trade AML Solution was also ranked for depth of typology coverage, breadth of analytical techniques and workflow.

Today's Anti–money laundering efforts face many growing and unresolved challenges. In a digital and globalized world, criminals are using a wide range of strategies to be successful "" making context a critical factor in the ability to accurately detect trade–based money laundering. By unifying internal and external data sources and scaling to understand billions of transactions, Quantexa's Decision Intelligence Platform helps organizations create a holistic view of transactional, customer, and counterparty information. Quantexa's approach to TBAML provides more accurate and efficient detection so organizations can reduce risk, assure compliance, and protect their reputation. Increased alert quality and automation, combined with reducing the volume of false positives helps organizations gain efficiencies and do more with the resources they already have.

Financial Crime Risk Management Systems: Entity Resolution
Quantexa's dynamic Entity Resolution Solution capability that is a critical part of its industry leading Decision Intelligence Platform was recognized for coverage, scalability, data enrichment, depth and breadth of data sources supported.

Quantexa's Entity Resolution Solution is an advanced data matching capability that connects disparate and ambiguous internal and external data at scale. Entity Resolution creates focused and complete views of people, organizations, places, and other data delivering game changing data quality and match rate accuracy. Quantexa also supports "dynamic entity resolution', which gives unique flexibility across multiple use cases and informs granular and extensive security protocols.

Decision Intelligence Platform
Quantexa's Decision Intelligence Platform gives enterprises the ability to unify their data by connecting siloed sources and systems, providing the context needed to visualize the complex relationships that enable previously hidden risk to be discovered. Quantexa's unique entity resolution technology can connect the most disparate and ambiguous internal and external data at scale to create single, complete views of people, organizations, places, and other data with 99% accuracy, handling poor quality data with exceptional performance. The result is a single view of data that becomes their most trusted and reusable resource across the organization.

Chartis Chief Researcher Sidhartha Dash said:

"Quantexa's increasingly mature solutions and their strong implementations in large financial institutions leveraging network–based concepts, drove their rise in the RiskTech 100 as well as their leadership in TBAML and Entity Management quadrants."

Quantexa Chief Product Officer Dan Higgins added:

"Quantexa is delighted to be included in the RiskTech 100 report, positioned very strongly amongst an esteemed list of enterprise solution providers. At Quantexa, we are keenly aware that criminals are hiding in plain sight and that traditional monitoring systems and manual controls just can't handle today's complexity, scale of activity and the underlying regulatory shifts, in particular the focus on counterparty risk, as well as customers. The usage of contextual monitoring to detect and manage the holistic financial crime and fraud risks within International Trade, including the identification of prerequisites such as underlying collusion, the presence of shell companies and professional money laundering gatekeeps and enablers has been a defining factor in Quantexa's success in this space."

ABOUT QUANTEXA

Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa's platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.

ABOUT CHARTIS

Chartis is a research and advisory firm that provides technology and business advice to the global risk management industry. Chartis provides independent market intelligence regarding market dynamics, regulatory trends, technology trends, best practices, competitive landscapes, market sizes, expenditure priorities, and mergers and acquisitions. Chartis' RiskTech Quadrant reports are written by experienced analysts with hands–on experience of selecting, developing, and implementing risk management systems for a variety of international companies in a range of industries, including banking, insurance, capital markets, energy, and the public sector.

Media Inquiries:

C: Laurel Case, VP, Fight or Flight

T: +1 315 663 6780

E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
"" or ""
RapidResponse@quantexa.com


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