To instigate foreign investment, increase the attractiveness and efficiency of the capital market, and enhance regional and international market competitiveness: The Capital Market Authority Approves the Rules for Foreign Investment in Securities

Announcement (Link)

RIYADH, Kingdom of Saudi Arabia, May 05, 2023 (GLOBE NEWSWIRE) — The Capital Market Authority (“CMA”) approved the Rules for Foreign Investment in Securities (the "Rules”), Amendments to the Investment Accounts Instructions, Amendments to the Implementing Regulation of the Companies Law for Listed Joint Stock Companies and Amendments to the Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority, which shall be effective as of the date of their publications.

The approval of the Rules, Instructions and Glossary aim to develop the provisions regulating foreign investment in securities, facilitate access to the regulatory frames regulating foreign investment in securities by collecting the regulating provisions in a single regulatory document, as well as facilitating qualified foreign investors' (QFIs') entry procedures to invest in the Saudi capital market.

The last Amendments comprised considering facilitating the QFIs' requirements, facilitating disclosure requirements and continuous obligations to ease Saudi capital market entry with the aim of minimizing the differences between QFIs and other investor categories in the Saudi market.

The Amendments also comprised developing the qualification conditions that must be met by the QFI to invest in the shares listed in the Main Market and removing the requirements on application for qualification and QFI's assessment agreement. The approved Rules only requiring the QFI to open an investment account in accordance with the Investment Accounts Instructions issued by CMA. This is to ensure the obligation of the capital market institution to make sure that the QFI is meeting all relevant qualification conditions.

Furthermore, the amendments included developing conditions on the investment of the non–resident foreign investors in listed securities through Swap Agreements, including removing the requirement on the duration of such swap agreements, as well as removing the requirement to notify the CMA prior to entering into a Swap Agreement.

The Amendments also included adding a new channel for foreign investment in securities listed on the main market by enabling all foreign natural and legal persons to invest in securities listed on the main market through discretionary portfolios management by Capital Market Institutions.

As of its effective date, the Rules shall replace the Rules for Qualified Foreign Financial Institutions Investment in Listed Securities, Instructions for the Foreign Strategic Investors' Ownership in Listed Companies and the Guidance Note for the Investment of Non–Resident Foreigners in the Parallel Market.

The approval of these rules is expected to have a positive impact on boosting liquidity in the Saudi market, deepening and raising its attractiveness, and enhancing its global status. The rules will also contribute to the transformation of knowledge and experiences in local capital institutions and investors, thereby enhancing the role played by institutional investors in the Saudi capital market.

It is worth noting that the CMA issued the updated edition of the Rules in 2018, which resulted in a 179% increase in the number of QFIs from 2018 to 2022 . In addition, the foreign investors' ownership ratio of the free float total market value increased from 3.77% in 2018 to 14.21% by the end of 2022.

The approval of the Rules came after CMA has published the Draft Rules for Foreign Investment in Securities on the Unified Electronic Platform for Consulting the Public and Government Entities (Public Consultation Platform) affiliated with the National Competitiveness Center (NCC), and the CMA's website for public consultation for a period of (30) calendar days.

Within its Vision 2030, the Kingdom aims to be an attractive and instigating investment destination to continue expanding, as it has developed structural reforms in the financial and economic aspects that have contributed to raising economic growth rates and maintaining financial stability and sustainability, which in turn, helps in attracting foreign investments.

Through its strategic plan; the CMA seeks to position the Saudi capital market as main market in the Middle East and one of the leaders financial markets in the world, and to be an advanced market and attractive to domestic and foreign investment, enabling it to play a pivotal role in developing the economy and diversifying its sources of income in line of the Kingdom's Vision 2030.

The Rules for Foreign Investment in Securities, the Amended Investment Accounts Instructions, the Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies and the Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority can be viewed via the following links:

The Rules for Foreign Investment in Securities

The Amended Investment Accounts Instructions

The Amended Implementing Regulation of the Companies Law for Listed Joint Stock Companies

The Amended Glossary of Defined Terms Used in the Regulations and Rules of the Capital Market Authority

Contact:
Capital Market Authority
Communication & Investor Protection Division
+966114906009
+966557666932
Media@cma.org.sa
www.cma.org.sa

About CMA:
The Capital Market Authority (CMA) in Saudi Arabia unofficially started in the early fifties, and continued to operate successfully, until the government set its basic regulations in the eighties. The current Capital Market Law is promulgated and pursuant to Royal Decree No. (M/30) dated 2/6/1424H, which formally brought it into existence. The CMA is a government organization applying full financial, legal, and administrative independence, and has direct links with the Prime Minister.

For more information about CMA, please visit the official website: www.cma.org.sa

A photo accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/fa8014a9–7c79–458e–87eb–2da58d688e6c


GLOBENEWSWIRE (Distribution ID 8833372)

Entera Bio Announces Q1 2023 Financial Results and Corporate Updates

JERUSALEM, May 05, 2023 (GLOBE NEWSWIRE) — Entera Bio Ltd. (NASDAQ: ENTX), ("Entera" or the "Company") a leader in the development of orally delivered peptides and therapeutic proteins, today reported corporate updates and financial results for the first quarter ended March 31, 2023.

"Our primary objectives for 2023 are to finalize our discussion with the FDA regarding our registrational phase 3 study for EB613 in post–menopausal women with low bone mineral density (BMD) and osteoporosis, and to update on our PK study which will assess the potential for a novel oral PTH(1–34) candidate for the treatment of hypoparathyroidism," said Miranda Toledano, the Company's Chief Executive Officer. "We also remain focused on our earlier stage R&D initiatives with peptides that best align to our technology, such as GLP–2."

Corporate Updates for First Quarter 2023:

  • Concluded Type D Meeting with the FDA Related to EB613. Entera previously reported that it will continue discussions with the agency until final guidance is received on the proposed statistical evaluation of its primary endpoint. This is likely to occur pursuant to the FDA's evaluation and qualification of the Foundation for the National Institutes of Health Bone Quality Project (FNIH BQP)1. Entera plans to provide an update on its discussions with the FDA as the year progresses. Meanwhile, the Company continues to strengthen its ecosystem of endocrinology and women's health advisory board for EB613 with the addition of Dr. Steve Goldstein, a global leader in menopause health and former President of the North American and International Menopause Society.
  • Institutional Review Board (IRB) Accepted and the Company Plans to Initiate Next Generation Platform PK Study in H1'2023. Topline results expected in H2'2023 including the potential for a novel candidate to treat hypoparathyroidism with once or twice a day oral PTH(1–34) tablets. This initiative builds on prior PK and Phase 2 results of an earlier generation of EB612 in hypoparathyroidism patients.
  • Entera Oral GLP–2 Pre–Clinical Manuscript Accepted for Publication by the International Journal of Peptide Research and Therapeutics. Based on this work, Entera believes GLP–2 represents a strong candidate for its oral delivery platform and warrants further development as an injection free alternative to patients suffering from short bowel syndrome and other disorders requiring parenteral nutrition.
  • Amgen Research Collaboration. After over four years of collaborative pre–clinical work evaluating the use of Entera's delivery technology with one molecule selected by Amgen, both collaborators have agreed to discontinue the Research Collaboration and License Agreement entered into in 2018 out of mutual convenience.

_______________
1 FNIH BQP is also knows as the ASBMR FNIH–SABRE, American Society for Bone and Mineral Research–Foundation for the National Institutes of Health (FNIH) Strategy to Advance BMD as a Regulatory Endpoint (SABRE)

Financial Results for the Three Months Ended March 31, 2023

As of March 31, 2023, Entera had cash and cash equivalents of $10.7 million. Entera expects that its existing cash resources are sufficient to meet its projected operating requirements into the third quarter of 2024, which includes the capital required to fund our ongoing operations, including R&D and the completion of the Phase 1 PK study related to the new formulation of EB612.

Research and development expenses for the three months ended March 31, 2023 were $0.9 million, as compared to $1.7 million for the three months ended March 31, 2022. The decrease of $0.8 million was primarily due to a decrease of $0.6 million in materials and production costs and a decrease of $0.2 million in employee compensation, including share–based compensation.

General and administrative expenses for the three months ended March 31, 2023 were $1.3 million, as compared to $2.2 million for the three months ended March 31, 2022. The decrease of $0.9 million was mainly attributable to a decrease of $0.6 million in employee compensation, including share–based compensation, a decrease of $0.2 million in professional fees and a decrease of $0.1 million in D&O insurance costs.

Operating expenses for the quarter ended March 31, 2023 were $2.2 million, as compared to $3.8 million for the quarter ended March 31, 2022. Entera's operating loss was $2.2 million for quarter ended March 31, 2023, as compared to $3.8 million for the quarter ended March 31, 2022.

Net loss was $2.2 million, or $0.08 per ordinary share (basic and diluted), for the quarter ended March 31, 2023, as compared to $3.8 million, or $0.13 per ordinary share (basic and diluted), for the quarter ended March 31, 2022.

About Entera Bio

Entera is a leader in the development of orally delivered macromolecules, including peptides and other therapeutic proteins. The Company focuses on significant unmet medical needs where a daily mini tablet form of a peptide treatment or replacement therapy holds the potential to transform the standard of care. The Company's most advanced product candidates, EB613 for the treatment of high risk, post–menopausal osteoporosis and EB612 for the treatment of hypoparathyroidism, are in clinical development. EB613 is the first oral, once daily mini tablet presentation of synthetic hPTH (1–34), (teriparatide), consisting of the exact same 34 amino acid sequence as daily subcutaneous teriparatide injection, Forteo , which requires daily SC injections. A placebo controlled, dose ranging Phase 2 study of EB613 tablets (n= 161) met primary (PD/biomarker) and secondary endpoints (BMD) in a dose dependent manner and was presented at the ASBMR 2021 Annual Conference. A phase 1 PK study of novel PTH formulations is planned for H1 2023 to ascertain feasibility of a new hypo candidate (a prior formulation had positive Phase 2a data announced in 2015 and published in JBMR 2019) and for another potential indication. For more information on Entera Bio, visit www.enterabio.com.

Cautionary Statement Regarding Forward Looking Statements

Various statements in this press release are "forward–looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical facts) in this press release regarding our prospects, plans, financial position, business strategy and expected financial and operational results may constitute forward–looking statements. Words such as, but not limited to, "anticipate," "believe," "can," "could," "expect," "estimate," "design," "goal," "intend," "may," "might," "objective," "plan," "predict," "project," "target," "likely," "should," "will," and "would," or the negative of these terms and similar expressions or words, identify forward–looking statements. Forward–looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Forward–looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved.

Important factors that could cause actual results to differ materially from those reflected in Entera's forward–looking statements include, among others: changes in the interpretation of clinical data; results of our clinical trials; the FDA's interpretation and review of our results from and analysis of our clinical trials; unexpected changes in our ongoing and planned preclinical development and clinical trials, the timing of and our ability to make regulatory filings and obtain and maintain regulatory approvals for our product candidates; the potential disruption and delay of manufacturing supply chains; loss of available workforce resources, either by Entera or its collaboration and laboratory partners; impacts to research and development or clinical activities that Entera is contractually obligated to provide, such as those pursuant to Entera's agreement with Amgen; overall regulatory timelines; the size and growth of the potential markets for our product candidates; the scope, progress and costs of developing Entera's product candidates; Entera's reliance on third parties to conduct its clinical trials; Entera's expectations regarding licensing, business transactions and strategic collaborations; Entera's operation as a development stage company with limited operating history; Entera's ability to continue as a going concern absent access to sources of liquidity; Entera's ability to obtain and maintain regulatory approval for any of its product candidates; Entera's ability to comply with Nasdaq's minimum listing standards and other matters related to compliance with the requirements of being a public company in the United States; Entera's intellectual property position and its ability to protect its intellectual property; and other factors that are described in the "Cautionary Statements Regarding Forward–Looking Statements," "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Entera's most recent Annual Report on Form 10–K filed with the SEC, as well as the company's subsequently filed Quarterly Reports on Form 10–Q and Current Reports on Form 8–K. There can be no assurance that the actual results or developments anticipated by Entera will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Entera. Therefore, no assurance can be given that the outcomes stated or implied in such forward–looking statements and estimates will be achieved. Entera cautions investors not to rely on the forward–looking statements Entera makes in this press release. The information in this press release is provided only as of the date of this press release, and Entera undertakes no obligation to update or revise publicly any forward–looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

ENTERA BIO LTD.
CONSOLIDATED BALANCE SHEETS
(U.S. dollars in thousands, except share data)
(Unaudited)
March 31 December 31
2023 2022
Cash and cash equivalents 10,691 12,309
Accounts receivable and other current assets 682 540
Property and equipment, net 136 139
Other assets, net 97 139
Total assets 11,606 13,127
Accounts payable and other current liabilities 1,494 1,341
Total non–current liabilities 32 32
Total liabilities 1,526 1,373
Total shareholders' equity 10,080 11,754
Total liabilities and shareholders' equity 11,606 13,127

ENTERA BIO LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(U.S. dollars in thousands, except share and per share data)

Three Months Ended
March 31,
2023 2022
REVENUES 68
COST OF REVENUES 54
GROSS PROFIT 14
OPERATING EXPENSES:
Research and development 931 1,690
General and administrative 1,294 2,171
Other income (13 ) (12 )
TOTAL OPERATING EXPENSES 2,212 3,849
OPERATING LOSS 2,212 3,835
FINANCIAL INCOME, NET (22 ) (44 )
LOSS BEFORE INCOME TAX 2,190 3,791
INCOME TAX BENEFIT (7 )
NET LOSS 2,190 3,784
LOSS PER SHARE BASIC AND DILUTED 0.08 0.13
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC AND DILUTED LOSS PER SHARE 28,809,922 28,804,411


GLOBENEWSWIRE (Distribution ID 8833207)

Theatre Used to Dispel Polio Immunisation Myths in Pakistan

Dramas, using professional actors and compelling storylines, are used to persuade reluctant parents to have their children immunized against polio. Credit: Ashfaq Yusufzai/IPS

Dramas, using professional actors and compelling storylines, are used to persuade reluctant parents to have their children immunized against polio. Credit: Ashfaq Yusufzai/IPS

By Ashfaq Yusufzai
PESHAWAR, May 5 2023 – Pakistan, one of two polio-endemic countries in the world, has started staging theatrical dramas to promote immunisation in an attempt to encourage parents who refuse to allow their children to be vaccinated.

“Pakistan recorded 20 polio cases in 2022 and has detected one infected child this year. Most of the diagnosed polio kids haven’t been vaccinated mainly reluctance by the parents against oral polio vaccine,” Dr Jamshed Khan, a medical officer in Lakki Marwat district, told IPS. This region reported the first case in 2023.

Khan said the virus was identified in Pashto-speaking districts of Khyber Pakhtunkhwa. Now the medical teams are looking at different strategies to counter opposition to immunisation and inoculate all target kids to eradicate the crippling disease.

In 2022, all 20 polio cases were reported from three districts in Khyber Pakhtunkhwa, one of Pakistan’s four provinces. He said most cases were identified on unvaccinated or partially vaccinated children.

Parents’ hesitancy to administer vaccines to their wards is based on unfounded propaganda that polio drops were a ploy used by Western countries to render recipients impotent and infertile and cut down the population of Muslims.

Khyber Pakhtunkhwa province has been trying innovative approaches to tackle the increasing incidents of refusals due to misconceptions and creating demand for vaccination.

The latest in the series is holding theatrical events to do away with parents’ hesitancy against polio immunisation and protect the kids. Theatres organised in collaboration with the VOA Deewa (Pashto) service aim to convey that vaccination was to safeguard children and prevent disabilities.

“Today, we got a very positive message about vaccination. The drops administered to the children have been approved by the government and the World Health Organisation, are safe for human consumption,” Farman Ali, 16, a 10th grader in Swat district.

Ali, who attended theatre in his school in Swat, where viruses have been found in sewerage water, said that formerly he was opposed to inoculation, but now he wants to scale up awareness about the significance of vaccination in his neighbourhood.

“Prior to Swat, we have also held dramas in other districts. The impact of that is encouraging as the parents who previously refused drops are now willing to allow immunisation of their kids,” writer Noorul Bashar Naveed said.

“During the dramas, we show the people to the audience who had got disabilities due to non-vaccination and prevail upon them that immunisation is significant to protect their kids from preventable diseases,” Naveed said. “We aimed to promote vaccination among students and highlight the role of teachers as spiritual parents in mobilising students and society in general about the significance of essential immunisation, including polio, to prevent the spread of infectious diseases.”

Pakistan has been administering polio shots to 35 million children every year in four door-to-door campaigns, but 500,000 missed the drops due to hesitancy by parents.

Noted actors of the Khyber Pakhtunkhwa perform The Journey of Hope.

These senior artists perform the roles of teachers, students, vaccinators and affected kids who warn the parents against refusals, Naveed said.

Vaccination benefits children, and parents must fulfil their religious and moral obligation by vaccinating them against all preventable diseases.

“We have tried our level best to brush aside all misconceptions and myths about vaccination and pave the way for smooth sailing of the immunisation,” he said.

The plays include messages from religious scholars that according to Islam, the parents are bound to safeguard children against diseases, Naveed added.

A Grade 9 student, Muhammad Qabil, said that after watching the theatre, he was confident that many people who staunchly opposed vaccination would now opt for giving drops to their kids below five years.

“Before attending the theatre, I was against immunisation and thought that it was a tool by the Western countries against Muslims, but that was incorrect,” he said. Qabil said he had heard from religious scholars that vaccination was in accordance with Islam.

Dr Rashid Khan, a child health expert, said that the plays with strong performances by professional actors with powerful dialogues, script and background music keep the participants engaged for two hours, during which the focus remains on the significance of immunisation.

Khan said that Pakistan is also coordinating with neighbouring Afghanistan, another endemic country, to ensure the immunisation of children crossing the border.

Afghanistan, which reported two cases last year, is inoculating 9 million children, with less than 1 percent unimmunised due to refusals or hard-to-reach children.

Polio has been virtually eliminated globally through a decades-long inoculation drive, but insecurity, inaccessible terrain, mass displacement and suspicion of outside interference have hampered mass vaccination in Afghanistan and some areas of Pakistan.

Nek Wali Shah Momin, director of Afghanistan’s National Emergency Operation Center (EOC) for Polio Eradication, told IPS said many more areas could now be reached since the Taliban took over and the fighting stopped.

“Taliban are very cooperative and want to eliminate polio,” he said.

IPS UN Bureau Report

 


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Charles Can Help Undo a Colonial Crime

Rosemone Bertin, who lives in Port Louis, Mauritius, is one of the many Chagossians who were deported from their homeland in the 1960s and 1970s. Credit: Human Rights Watch

Rosemone Bertin, who lives in Port Louis, Mauritius, is one of the many Chagossians who were deported from their homeland in the 1960s and 1970s. Credit: Human Rights Watch

By Clive Baldwin
LONDON, May 5 2023 – In 2022, Charles III became king not just of the United Kingdom, but of 14 other states, and Head of the Commonwealth. He now heads a monarchy that is starting to face questions about its role in British imperial atrocities, such as slavery, and, as he has said, concerning which  it is time to “acknowledge the wrongs that have shaped our past.”

There is an ongoing, colonial crime that he could acknowledge, help rectify and apologise for today. That crime is the forced displacement of the entire Chagossian people from their homeland in the Indian Ocean by the UK and US governments in the 1960s and 70s. This  colonial crime continues to this day as the UK government still prevents the Chagossians from returning home.

The Chagossians are an Indigenous people, the descendants of enslaved people and indentured labourers, who lived, under British colonial rule, on the Chagos islands in the Indian Ocean until the 1960s. The US government decided it wanted the largest island, Diego Garcia, to build a military base, and wanted it without people

It is a crime in which the monarchy has played a significant role. Queen Elizabeth II issued, on behalf of the UK government, the Orders that have forced the Chagossians to remain in exile and that remain  in force. A British court said  in 2019 that the orders “extinguished” the legal rights of the Chagossians in UK law, including their right to return.

The Chagossians are an Indigenous people, the descendants of enslaved people and indentured labourers, who lived, under British colonial rule, on the Chagos islands in the Indian Ocean until the 1960s. The US government decided it wanted the largest island, Diego Garcia, to build a military base, and wanted it without people. After secret US-UK deals, the UK kept control of Chagos as its last colony in Africa, even as Mauritius, which had administered Chagos, obtained independence.

Over a period of years, the UK and US forced the entire population of all the islands to leave, through deception, force, and threats including rounding up and killing people’s dogs. Senior UK officials wrote about the Chagossians in blatantly racist and disparaging terms, such as calling them ‘Man Fridays’, treating them as a people who didn’t matter. The Chagossians were left to live in abject poverty in Mauritius and Seychelles; some have since moved to the UK.

Chagossians described to Human Rights Watch, in our recent report, the misery of their forced exile, which  left them without adequate food or homes for years. Many Chagossians have died without ever being able to return to their homeland.  We found that the abuses against the Chagossians amount to crimes against humanity – forced displacement, the prevention of their return home, and persecution on the grounds of race and ethnicity.

The UK monarchy has been involved in this colonial crime, especially through the use of “Orders-in-Council,” an arcane method in which the monarchy issues an order, with legal effect, on behalf of the government through the Privy Council, the centuries-old body of advisers to the monarch. Issuing Orders-in-Council through the monarch has been a convenient way for the government to bypass parliament.

The UK has used such Orders against the Chagossians. The orders were used in 2004, after Chagossians had won a stunning legal victory against the UK government, quashing earlier orders used to keep them in exile. Robin Cook, the UK foreign minister at the time of the court ruling, acknowledged the wrongs done to the Chagossians and for a brief moment it appeared they would be able to return home. Although the US had built its military base on part of Diego Garcia, the rest of that island and the other islands were empty.

But the UK and US decided that they would block Chagossians return to any island, on dubious grounds of security and cost. Prime Minister Tony Blair’s government used Queen Elizabeth II and the Privy Council to do this. In 2004 Elizabeth II issued the orders, still in force today, that legally prevent Chagossians from returning to all the islands. Meanwhile US military and civilian personnel along with UK officials live on Diego Garcia and people can visit Chagos on luxury yachts.  The arcane colonial orders continue to have a very real and negative impact on the lives of thousands of people.

And yet, the Chagossians never gave up their struggle. This June marks the 50th anniversary of the final deportation of the Chagossians. But also, extraordinarily, the UK and Mauritius governments have recently begun negotiations on the future of Chagos, although, so far, without meaningful consultation with the Chagossians themselves. Any settlement on the future of the islands needs to be focused on the rights of Chagossians, above all their right to reparations from the UK and US, including the right to return.  Reparations for such abuses also mean a guarantee that such crimes could never again take place.

And this is where King Charles can play a key role. He could mark his coronation on May 6  by issuing a full and complete apology for the crimes against humanity committed against the Chagossians, and acknowledging the monarchy’s role. As many Chagossians have urged, he should call for them to receive full reparations, including the right to return to live in their homeland, after meaningful consultations with them. And he should guarantee that never again will the monarchy be used to take away fundamental rights from a people or be used in crimes against humanity, especially through the misuse of Orders-in-Council.

For Charles, who has spoken to the Commonwealth of his sorrow at the “suffering of so many” in history, such action would show how he can help right the wrongs of the monarchy’s past and present.

Excerpt:

Clive Baldwin is the London-based  senior legal advisor at Human Rights Watch and lead author of the Human Rights Watch report on UK and US colonial crimes against the Chagossians

Uzbekistan: A President for Life?

Credit: Victor Drachev/AFP via Getty Images

By Andrew Firmin
LONDON, May 5 2023 – Where will you be in 2040? For Uzbekistan’s President Shavkat Mirziyoyev, the answer is: in the Kuksaroy Presidential Palace. That’s the chief consequence of the referendum held in the Central Asian country on 30 April.

With dissent tightly controlled in conditions of closed civic space, there was no prospect of genuine debate, a campaign against, or a no vote.

Repression betrays image of reform

Mirziyoyev took over the presidency in 2016 following the death of Islam Karimov, president for 26 years. Karimov ruled with an iron fist; Mirziyoyev has tried to position himself as a reformer by comparison.

The government rightly won international recognition when Uzbekistan was declared free of the systemic child labour and forced labour that once plagued its cotton industry. The move came after extensive international civil society campaigning, with global action compensating for the inability of domestic civil society to mobilise, given severe civic space restrictions.

While that systemic problem has been addressed, undoubtedly abuses of labour rights remain. And these are far from the only human rights violations. When one of the proposed constitutional changes announced last July sparked furious protests, the repression that followed belied Mirziyoyev’s reformist image.

Among the proposed changes was a plan to amend the status of Uzbekistan’s Karakalpakstan region. Formally, it’s an autonomous republic with the right to secede. The surprise announcement that this special status would end brought rare mass protests in the regional capital, Nukus. When local police refused to intervene, central government flew over riot police, inflaming tensions and resulting in violent clashes.

A state of emergency was imposed, tightly restricting the circulation of information. Because of this, details are scarce, but it seems some protesters started fires and tried to occupy government buildings, and riot police reportedly responded with live ammunition and an array of other forms of violence. Several people were killed and over 500 were reported to have been detained. Many received long jail sentences.

The government quickly dropped its intended change, but otherwise took a hard line, claiming the protesters were foreign-backed provocateurs trying to destabilise the country. But what happened was down to the absence of democracy. The government announced the proposed change with no consultation. All other channels for expressing dissent being blocked, the only way people could communicate their disapproval was to take to the streets.

Civic space still closed

It remains the reality that very little independent media is tolerated and journalists and bloggers experience harassment and intimidation. Vague and broad laws against the spreading of ‘false information’ and defamation give the state ample powers to block websites, a regular occurrence.

Virtually no independent civil society is allowed; most organisations that present themselves as part of civil society are government entities. Independent organisations struggle to register, particularly when they have a human rights focus. New regulations passed in June 2022 give the state oversight of activities supported by foreign donors, further restricting the space for human rights work.

It’s been a long time since Uzbekistan held any kind of recognisably democratic vote. The only presidential election with a genuine opposition candidate was held in 1991. Mirziyoyev certainly hasn’t risked a competitive election: when he last stood for office, to win his second term in 2021, he faced four pro-government candidates.

A flawed vote and a self-serving outcome

The referendum’s reported turnout and voting totals were at around the same levels as for the non-competitive presidential elections: official figures stated that 90-plus per cent endorsed the changes on a turnout of almost 85 per cent.

Given the state’s total control, voting figures are hard to trust. Even if the numbers are taken at face value, election observers from the Organization for Security and Co-operation in Europe pointed out that the referendum was held ‘in an environment that fell short of political pluralism and competition’. There was a lack of genuine debate, with very little opportunity for people to put any case against approving the changes.

State officials and resources were mobilised to encourage a yes vote and local celebrities were deployed in rallies and concerts. State media played its usual role as a presidential mouthpiece, promoting the referendum as an exercise in enhancing rights and freedoms. Anonymous journalists reported that censorship had increased ahead of the vote and they’d been ordered to cover the referendum positively.

Mirziyoyev is clearly the one who benefits. The key change is the extension of presidential terms from five to seven years. Mirziyoyev’s existing two five-year terms are wiped from the count, leaving him eligible to serve two more. Mirziyoyev has taken the same approach as authoritarian leaders the world over of reworking constitutions to stay in power. It’s hardly the act of a reformer.

The president remains all-powerful, appointing all government and security force officials. Meanwhile there’s some new language about rights and a welcome abolition of the death penalty – but no hint of changes that will allow movement towards free and fair elections, real opposition parties, independent human rights organisations and free media.

The constitution’s new language about rights will mean nothing if democratic reform doesn’t follow. But change of this kind was always possible under the old constitution – it’s always been lack of political will at the top standing in the way, and that hasn’t changed.

Democratic nations, seeking to build bridges in Central Asia to offer a counter to the region’s historical connections with Russia, may well welcome the superficial signs of reform. A UK-based public relations firm was hired to help persuade them. But they should urge the president to go much further, follow up with genuine reforms, and allow for real political competition when he inevitably stands for his third term.

Andrew Firmin is CIVICUS Editor-in-Chief, co-director and writer for CIVICUS Lens and co-author of the State of Civil Society Report.

 


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Reshaping Multilateralism in Times of Crises

Indigenous women gather before an equality forum in Mexico City, Mexico. Credit: UN Women/Paola Garcia

 
Inter-State wars, terrorism, divided collective security, and peacekeeping limitations remain the same challenges facing multilateralism as when the UN was founded 76 years ago, Secretary-General António Guterres told the Security Council December 2022.

By Jens Martens
BONN, Germany, May 5 2023 – The world is in permanent crisis mode. In addition to the consequences of the COVID-19 pandemic and the triple planetary crisis of climate change, biodiversity loss and pollution, the war in Ukraine and other violent conflicts, a worldwide cost of living crisis and an intensified debt crisis in more and more countries of the global South are affecting large parts of humanity.

Scientists are now even warning of the risk of a global polycrisis, “a single, macro-crisis of interconnected, runaway failures of Earth’s vital natural and social systems that irreversibly degrades humanity’s prospects”.

Human rights, and especially women’s rights, are under attack in many countries. Nationalism, sometimes coupled with increasing authoritarianism, has been on the rise worldwide. Rich countries of the global North continue to practice inhumane migration policies toward refugees.

At the same time, they pursue self-serving and short-sighted “my country first” policies, whether in hoarding vaccines and subsidizing their domestic pharmaceutical industries, or in the race for global natural gas reserves. This has undermined multilateral solutions and lead to a growing atmosphere of mistrust between countries.

“Trust is in short supply”, UN Secretary-General António Guterres told the Security Council in August 2022. Consequently, Member States defined one of the main purposes of the Summit of the Future in September 2024 to be “restoring trust among Member States”.

António Guterres had proposed to hold such a Summit of the Future, which he described as “a once-in-a-generation opportunity to reinvigorate global action, recommit to fundamental principles, and further develop the frameworks of multilateralism so they are fit for the future”.

The Summit offers an opportunity, at least in theory, to respond to the current crises with far-reaching political agreements and institutional reforms. However, this presupposes that the governments do not limit themselves to symbolic action and voluntary commitments but take binding decisions – also and above all on the provision of (financial) resources for their implementation.

In this context, the principle of Common but Differentiated Responsibilities (CBDR) remains absolutely valid. Without such decisions, it will hardly be possible to regain trust between countries.

The G77 emphasized in a statement on 20 April 2023, “since the Summit of the Future is meant to turbo-charge the SDGs, it must address comprehensively the issue of Means of Implementation for the 2030 Agenda, which includes, but is not limited to, financing, technology transfer and capacity building.”

Of course, it would be naive to believe that the risk of a global polycrisis could be overcome with a single summit meeting. But the series of upcoming global summits, from the SDG Summit 2023 and the Summit of the Future 2024 to the 4th Financing for Development Conference and the second World Social Summit 2025, can certainly contribute to shaping the political discourse on the question of which structural changes are necessary to respond to the global crises and to foster multilateral cooperation based on solidarity.

Our new report Spotlight on Global Multilateralism aims to contribute to this process. It offers critical analyses and presents recommendations for strengthening democratic multilateral structures and policies.

The report covers a broad range of issue areas, from peace and common security, reforms of the global financial architecture, calls for a New Social Contract and inclusive digital future, to the rights of future generations, and the transformation of education systems.

The report also identifies some of the built-in deficiencies and weaknesses of current multilateral structures and approaches. This applies, inter alia, to concepts of corporate-influenced multistakeholderism, for instance in the area of digital cooperation.

On the other hand, the report explores alternatives to purely intergovernmental multilateralism, such as the increased role of local and regional governments and their workers and trade unions at the international level.

Seventy-five years after the adoption of the Universal Declaration of Human Rights, a key challenge is to create mechanisms to ensure that human rights – as well as the rights of future generations and the rights of nature – are no longer subordinated to the vested interests of powerful economic elites in multilateral decision-making.

Timid steps and the constant repetition of the agreed language of the past will not be enough. More fundamental and systemic changes in policies, governance and mindsets are necessary to regain trust and to foster multilateral cooperation based on solidarity and international law.

Jens Martens is Executive Director of Global Policy Forum Europe

IPS UN Bureau

 


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Women’s Cooperatives Work to Sustain the Social Fabric in Argentina

Soledad Arnedo is head of the La Negra del Norte cooperative textile workshop, which works together with other productive enterprises of the popular economy in the Argentine municipality of San Isidro, on the outskirts of Buenos Aires. CREDIT: Daniel Gutman/IPS

Soledad Arnedo is head of the La Negra del Norte cooperative textile workshop, which works together with other productive enterprises of the popular economy in the Argentine municipality of San Isidro, on the outskirts of Buenos Aires. CREDIT: Daniel Gutman/IPS

By Daniel Gutman
BUENOS AIRES, May 5 2023 – Nearby is an agroecological garden and a plant nursery, further on there are pens for raising pigs and chickens, and close by, in an old one-story house with a tiled roof, twelve women sew pants and blouses. All of this is happening in a portion of a public park near Buenos Aires, where popular cooperatives are fighting the impact of Argentina’s long-drawn-out socioeconomic crisis.

“We sell our clothes at markets and offer them to merchants. Our big dream is to set up our own business to sell to the public, but it’s difficult, especially since we can’t get a loan,” Soledad Arnedo, a mother of three who works every day in the textile workshop, told IPS.

The garments made by the designers and seamstresses carry the brand “la Negra del Norte”, because the workshop is in the municipality of San Isidro, in the north of Greater Buenos Aires.“In Argentina in the last few years, having a job does not lift people out of poverty. This is true even for many who have formal sector jobs.” — Nuria Susmel

In Greater Buenos Aires, home to 11 million people, the poverty rate is 45 percent, compared to a national average of 39.2 percent.

La Negra del Norte is just one of the several self-managed enterprises that have come to life on the five hectares that, within the Carlos Arenaza municipal park, are used by the Union of Popular Economy Workers (UTEP).

It is a union without bosses, which brings together people who are excluded from the labor market and who try to survive day-to-day with precarious, informal work due to the brutal inflation that hits the poor especially hard.

“These are ventures that are born out of sheer willpower and effort and the goal is to become part of a value chain, in which textile cooperatives are seen as an economic agent and their product is valued by the market,” Emmanuel Fronteras, who visits different workshops every day to provide support on behalf of the government’s National Institute of Associativism and Social Economy (INAES), told IPS.

Today there are 20,520 popular cooperatives registered with INAES. The agency promotes cooperatives in the midst of a delicate social situation, but in which, paradoxically, unemployment is at its lowest level in the last 30 years in this South American country of 46 million inhabitants: 6.3 percent, according to the latest official figure, from the last quarter of 2022.

Women work in a textile cooperative that operates in Navarro, a town of 20,000 people located about 125 kilometers southwest of Buenos Aires. Many of the workers supplement their income with a payment from the Argentine government aimed at bolstering productive enterprises in the popular economy. CREDIT: Evita Movement

Women work in a textile cooperative that operates in Navarro, a town of 20,000 people located about 125 kilometers southwest of Buenos Aires. Many of the workers supplement their income with a payment from the Argentine government aimed at bolstering productive enterprises in the popular economy. CREDIT: Evita Movement

 

The working poor

The plight facing millions of Argentines is not the lack of work, but that they don’t earn a living wage: the purchasing power of wages has been vastly undermined in recent years by runaway inflation, which this year accelerated to unimaginable levels.

In March, prices rose 7.7 percent and year-on-year inflation (between April 2022 and March 2023) climbed to 104.3 percent. Economists project that this year could end with an index of between 130 and 140 percent.

Although in some segments of the economy wage hikes partly or fully compensate for the high inflation, in most cases wage increases lag behind. And informal sector workers bear the brunt of the rise in prices.

“In Argentina in the last few years, having a job does not lift people out of poverty,” economist Nuria Susmel, an expert on labor issues at the Foundation for Latin American Economic Research (FIEL), told IPS.

“This is true even for many who have formal sector jobs,” she added.

 

On five hectares of a public park in the Argentine municipality of San Isidro, in Greater Buenos Aires, there is a production center with several cooperatives from the Union of Workers of the Popular Economy (UTEP), which defends the rights of people excluded from the formal labor market. CREDIT: Daniel Gutman/IPS

On five hectares of a public park in the Argentine municipality of San Isidro, in Greater Buenos Aires, there is a production center with several cooperatives from the Union of Workers of the Popular Economy (UTEP), which defends the rights of people excluded from the formal labor market. CREDIT: Daniel Gutman/IPS

 

The National Institute of Statistics and Censuses (INDEC) estimates that the poverty line for a typical family (made up of two adults and two minors) was 191,000 pesos (834 dollars) a month in March.

However, the average monthly salary in Argentina is 86,000 pesos (386 dollars), including both formal and informal sector employment.

“The average salary has grown well below the inflation rate,” said Susmel. “Consequently, for companies labor costs have fallen. This real drop in wages is what helps keep the employment rate at low levels.”

“And it is also the reason why there are many homes where people have a job and they are still poor,” she said.

 

Social value of production

La Negra del Norte is one of 35 textile cooperatives that operate in the province of Buenos Aires, where a total of 160 women work.

They receive support not only from the government through INAES, but also from the Evita Movement, a left-wing social and political group named in honor of Eva Perón, the legendary Argentine popular leader who died in 1952, at the age of just 33.

The Evita Movement formed a group of textile cooperatives which it supports in different ways, such as the reconditioning of machines and the training of seamstresses.

“The group was formed with the aim of uniting these workshops, which in many cases were small isolated enterprises, to try to formalize them and insert them into the productive and economic circuit,” said Emmanuel Fronteras, who is part of the Evita Movement, which has strong links to INAES.

“In addition to the economic value of the garments, we want the production process to have social value, which allows us to think not only about the profit of the owners but also about the improvement of the income of each cooperative and, consequently, the valorization of the work of the seamstresses,” he added in an interview with IPS.

The 12 women who work in the Argentine cooperative La Negra del Norte sell the clothes they make at markets and dream of being able to open their own store, but one of the obstacles they face is the impossibility of getting a loan. CREDIT: Daniel Gutman/IPS

The 12 women who work in the Argentine cooperative La Negra del Norte sell the clothes they make at markets and dream of being able to open their own store, but one of the obstacles they face is the impossibility of getting a loan. CREDIT: Daniel Gutman/IPS

 

The high level of informal employment in Argentina’s textile industry has been well-documented, and has been facilitated by a marked segmentation of production, since many brands outsource the manufacture of their clothing to small workshops.

Many of the workers in the cooperatives supplement their textile income with a stipend from the Potenciar Trabajo government social programme that pays half of the minimum monthly wage in exchange for their work.

“Economically we are in the same situation as the country itself. The instability is enormous,” said Celene Cárcamo, a designer who works in another cooperative, called Subleva Textil, which operates in a factory that makes crusts for the traditional Argentine “empanadas” or pasties in the municipality of San Martín, that was abandoned by its owners and reopened by its workers.

Other cooperatives operating in the pasty crust factory are involved in the areas of graphic design and food production, making it a small hub of the popular economy.

The six women working at Subleva Textil face obstacles every day. One of them is the constant rise in the prices of inputs, like most prices in the Argentine economy.

Subleva started operating shortly before the COVID-19 pandemic, so it had to adapt to the complex new situation. “They say that crisis is opportunity, so we decided to make masks,” said Cárcamo, who stressed the difficulties of running a cooperative in these hard times in Argentina and acknowledged that “We need to catch a break.”