WFP in Gaza: ‘We Need a Long Ceasefire That Leads to Peace so We Can Operate’

Credit: WFP/Ali Jadallah/2024

By World Food Programme (WFP) Editorial Team
ROME, Aug 15 2024 – Corinne Fleischer, WFP’s regional director for the Middle East, North Africa and Eastern Europe, describes Gaza as “a terrible situation getting worse.” Over the past two weeks, 21 United Nations World Food Programme (WFP) food distribution points have been closed under evacuation orders.

“UNRWA says that 86% of the Strip is under an evacuation order,” she says on a video call from her office in Cairo. Fleischer visited the enclave in July.“ 2 million people are crammed into 14% of the territory.”

Despite Immense Challenges, WFP Continues to Assist Gazans

With continuous evacuation orders forcing WFP to uproot food distribution sites, precise targeting of the most vulnerable groups becomes challenging. We provide ready-to-eat food, hot meals and nutrition support to breastfeeding women and small children.

Mohammed was severely injured in the conflict but all efforts to evacuate him for medical treatment failed. His family fully depends on food from WFP to survive.

“We support partners in almost 80 kitchens, where they cook meals, pack and distribute them to people in camps,” Fleischer explains. She previously visited Gaza last December. “Then, it was really about how do we bring food in – that’s still very much the case,” she says. “Now, at least we have a dedicated WFP operation on the ground.” Our main accomplishment? “We have helped prevent full-scale famine from happening,” she says.

There are currently nearly 500,000 people at IPC5/Catastrophe, the highest grade of food insecurity on the global standard for measuring food insecurity – down from 1.1 million people earlier this year.

Fleischer is keen to highlight the positive impacts of humanitarian supplies making it through.“Right now, we don’t bring enough food into Gaza,” she says. “We don’t bring in what we plan for the month because we don’t have enough crossing points open. We need all the crossings open and at full capacity.”

“Operations are super complicated,” Fleischer says. “We work in a war zone. Roads are destroyed. We are waiting hours at checkpoints for green lights to move.”

WFP, she stresses, also works to support the wider humanitarian community. “We are leading the Logistics Cluster (the interagency coordination mechanism) and supporting partners to bring in their goods through the Jordan corridor. We are receiving their goods in the north at the Zikim crossing point. We’re helping them in Kerem Shalom. So, of course, we’re helping with fuel supplies too.”

Nowhere Is Safe in Gaza

“Gazans cannot get out, and they’re asking to get out,” Fleischer says. “They’re beyond exhausted. There is no space – one makeshift tent after the other up to the sea. Streets are teeming with people.” Meanwhile, the breakdown of sewage systems, lack of water and waste management means diseases, such as Hepatitis A which is spreading among children, are allowed to fester.

Children eat fortified biscuits from WFP at a makeshift camp in southern Gaza.

“We are lucky that nothing has happened to our amazing staff – more than 200 UNRWA staff have been killed,” she says. “That is not acceptable.” She adds: “We have amazing security officers who advise management on which risks to avoid, so that we can stay and do our work safely and families can access our assistance safely. But the risks are high. Very high. We have bullets close to our convoys. We’re there repairing roads. We’re there moving with our trucks. We’re there reaching people. And it’s very dangerous.”

On the path to recovery, the private sector has a role to play, says Fleischer – take the reopening of shops. “If you think of a lifeline, of hope, or a sense of normalcy, it’s surely when the staple bread is back in the market,” she says of bakeries that have reopened with WFP support. “Bakeries need wheat flour, they need yeast, and diesel too – and that’s where we come in.”

High Prices Keep Basic Foods Out of Reach for Most Gazans

In the south of Gaza, “basic food items are slowly re-emerging in food markets. You can actually find vegetables, fruits in the markets but because prices are high, they remain out of reach for most,” she says “And in any case, people don’t have cash. There are no jobs. Even our own staff tell us, ‘We have a salary, but we can’t access cash’.”

Fleischer is keen for humanitarian efforts to reach a stage where people “stop eating things they have been eating for the past nine months” – to diversify diets heavily dependent on canned food (provided by WFP) and whatever people can get their hands on.

“This level of destruction I’ve never seen.”

Fleischer’s biggest fear for Gaza is “that there is no end to this [war]. That we continue with ever less space for the people who already have nowhere to go back to. Even if they moved back to the north, where could they go?”

“Everything is flattened. There are no homes, it’s all destroyed. We need a long ceasefire that leads to peace so we can operate.”

After the Rafah incursion, many people returned to Khan Younis but there’s no means of living in the area. There are no homes left. Credit: WFP

Fleischer, who has served with WFP in Syria and Sudan’s Darfur Region, adds: “This level of destruction I’ve never seen. Hospitals and clinics are destroyed, food processing plants are destroyed. Everything is destroyed.”

Yet, “There is this never-give-up attitude from the people, from the families we serve,“ she says. “I can’t believe children still run to you and laugh with you. They probably see in us hope that there will be an end to all this – a sign they are not forgotten.”

This story originally appeared on WFP’s Stories on August 8, 2024 and was written by the WFP Editorial Team.

IPS UN Bureau

 


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Education Cannot Wait Interviews UNRWA Commissioner-General Philippe Lazzarini

By External Source
Aug 15 2024 (IPS-Partners)

 
On 18 March 2020, Philippe Lazzarini was appointed Under-Secretary-General of the United Nations and Commissioner-General of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) by United Nations Secretary-General António Guterres. He took up his post with UNRWA on 1 April 2020.

Prior to his appointment to UNRWA, Mr Lazzarini served, from August 2015, as the Deputy UN Special Coordinator (UNSCOL) and as the Resident and Humanitarian Coordinator for Lebanon.

Mr Lazzarini has over 30 years of professional experience, including in leadership positions with the United Nations, the private sector and the International Committee of the Red Cross (ICRC). He has extensive experience in humanitarian assistance and international coordination in conflict and post-conflict areas at senior levels, including through his assignment to the United Nations Assistance Mission in Somalia as Deputy Special Representative, Resident and Humanitarian Coordinator, from 2013 to 2015. He joined the United Nations in Iraq in 2003 and since then has held a number of senior positions, both at Headquarters in New York, and in Angola, Somalia and the occupied Palestinian territory. Prior to joining the United Nations, he worked with Union Bancaire Privée in Geneva as Head of the Marketing Department.

From 1989 to 1999, Mr Lazzarini worked with ICRC as the Deputy Head of Communications in Geneva, Head of Delegation in Rwanda, Angola, and Sarajevo, and as a delegate in Southern Sudan, Jordan, Gaza, and Beirut. He started his professional career in 1987 as an economist with the Canton of Bern in Switzerland.

Mr Lazzarini is a graduate of the University of Neuchatel and of the University of Lausanne, and he is married with four children.

ECW: 2.2 million Palestinians in Gaza are in the midst of an epic humanitarian catastrophe facing death, injury, disease and famine. Through your inspiring leadership, UNRWA is delivering aid in the most dangerous, challenging conditions in the world. What impact is this war having on the children in Gaza and across the region, what help do they need now and how can we build a lasting peace?

Philippe Lazzarini: UNRWA has been operating in the region for 75 years, promoting human development for Palestine Refugees through education, primary healthcare, and lifesaving assistance. The Agency has been a force for stability for decades, despite chronic funding shortfalls. Today, even as UNRWA faces relentless attacks on our personnel, premises and operations, our staff members continue to provide humanitarian assistance in the Gaza Strip, working tirelessly to deliver our critical mandate.

The war has severely impacted children in Gaza, where every second person is a child. Thousands of children have been killed, and thousands more are newly disabled. The education system has also been decimated. 625,000 children across the Gaza Strip, including 300,000 UNRWA students, have been denied the right to education since the start of the war. Nearly 70% of UNRWA schools have been hit, highlighting the blatant disregard for international humanitarian law. 95% of these schools were being used as shelters for displaced people when they were hit.

This war is also affecting tens of thousands of children in the West Bank. Their schools are intermittently closed due to operations by Israeli Forces and recurring clashes with Palestinian armed groups.

The longer children stay out of school, the more difficult it becomes for them to catch up on learning losses. They are also at greater risk of violence and exploitation, including child labour, early marriage, and recruitment by armed groups. The impact of this war on children, particularly their mental and psychosocial wellbeing, is tremendous and will have lasting consequences. We must bring them back to learning as soon as possible to mitigate the severity of the harm that has been inflicted on them. UNRWA has resumed learning activities in Gaza and is working to expand these activities to more children.

ECW: All UNRWA schools across the Gaza Strip are closed and 625,000 school-age children in Gaza have had no access to safe education since 7 October 2023. Why is education so critical in delivering on the humanitarian imperative for refugee students whose families have been forcibly displaced in Gaza and the region?

Philippe Lazzarini: Education is a fundamental human right and children’s access to quality education should never be compromised, even during conflict. It is easier said than done though, and education is a frequent casualty of war. However, it is possible to facilitate learning, even in circumstances as dire as those we see in Gaza. With the support of partners such as Education Cannot Wait, we are working determinedly to offer psychosocial support and activities for children, young people, and their families. Since the war started on 7 October 2023, we have supported over 400,000 children and adolescents through play activities, support sessions for unaccompanied children, individual and group psychosocial consultations, and education sessions on the risk of unexploded ordnances.

I must emphasize how highly Palestinians value education – it has been the only investment from which they could not be dispossessed. Ask any Palestinian and they will tell you that the education of their children is their pride and joy. People in Gaza are deeply pained that their children have lost so much, including their education. Much more needs to be done to restore education for Gaza’s children. If we fail to bring children back to learning, we will lose an entire generation, sowing the seeds for more violence, hatred and resentment. This is a risk for the whole region, and we should all be motivated to act.

ECW: Education is a proven life-saving action in humanitarian crises. ECW recently announced a US$10M First Emergency Response grant to urgently support mental health and psychosocial services and protective learning opportunities for crisis-affected girls and boys in Gaza. Why are mental health and psychosocial services, plus learning opportunities, crucial in Gaza?

Philippe Lazzarini: UNRWA’s Education in Emergencies plan for Gaza aims to restore the right to education for children, youth and educators. Our plan to resume learning starts with providing mental health and psychosocial support, transitions to teaching reading, writing and math in informal settings, and culminates in a return to formal education in schools. Due to the war, we must constantly adapt our approach to what is realistically achievable amid ongoing conflict and severely restricted humanitarian access. Children in Gaza have already lost one school year, compounding earlier learning losses due to COVID-19. We must work quickly to restore learning in Gaza.

Mental health and psychosocial support is the first crucial step in restoring the right to education. These activities bring children and their families a sense of stability and routine. They allow children to simply be children, for at least a few hours a day. It is safe to say that every single child in Gaza is deeply traumatized. UNRWA aims to keep providing this service for years to come.

We are also working closely with partners to distribute self-learning materials covering the first semester of the coming school year. We plan to support the creation of learning spaces and are exploring what options are available given the humanitarian situation in Gaza. Most UNRWA schools cannot be used for education any longer, as they are sheltering displaced people and have been hit and bombed. Creating safe and protective learning spaces is a crucial part of our plan to restore education in Gaza and will require strong political and financial support.

ECW: At this year’s United Nations General Assembly, you are organizing a high-level event on education in Gaza. What funding, resources, tools, and partnerships are needed to ensure access to safe, quality learning environments for refugee students whose families have been forcibly displaced in Gaza and the region?

Philippe Lazzarini: UNRWA calls once again for an immediate ceasefire and the unimpeded flow of humanitarian aid across the Gaza Strip. This is essential for the welfare of children and the meaningful resumption of education.

All children have the right to play, to make friends, to learn and to dream. We will continue to work closely with partners in education including UN agencies, Member States, local and international civil society organisations, and non-governmental organisations, to restore education for children and youth in Gaza. This is a huge undertaking that needs concerted efforts, creative solutions, and political and financial support. UNRWA is fully committed to prioritizing the resumption of learning in Gaza and remains one of the most effective tools at the disposal of the international community.

ECW: We all know that ‘readers are leaders’ and that reading skills are key to every child’s education. What are three books that have most influenced you personally and/or professionally, and why would you recommend them to others?

Philippe Lazzarini: Three books/authors come to mind. In no particular order: East West Street by Philippe Sand is an extraordinary historical investigative work on the origins of genocide and crimes against humanity. It deals with atrocities, memory and guilt and how these are passed from one generation to the next. It is brilliantly written, I devoured it! I also really like Amin Maalouf’s books and most recently enjoyed The Disoriented. It captures so well the Lebanese nostalgia for a country they love even though it has never really existed as they imagine. Jim Harrison’s book Dalva also resonated deeply. It tells the story of a fearless and independent woman who undertakes a journey to find herself amid the memories of her youth and her family history. Dalva means “morning star” and this book and the character gave us the name of our first daughter.

Stevie® Awards verkünden Gewinner der 21. jährlichen International Business Awards® aus der ganzen Welt

FAIRFAX, Virginia, Aug. 15, 2024 (GLOBE NEWSWIRE) — Unternehmen und Führungskräfte auf der ganzen Welt, die sich besonders bewährt haben, sind bei den 21. International Business Awards® mit dem goldenen, silbernen oder bronzenen Stevie® Award ausgezeichnet worden. Die jährlich stattfindenden Stevie Awards sind das weltweit einzige internationale, allumfassende Business Awards–Programm. Die IBAs sind auch als „Olympiade für den Arbeitsplatz“ bezeichnet worden.

Die Preisträger wurden aus mehr als 3.600 Nominierungen ausgewählt, die von Organisationen aus 62 Ländern und Gebieten eingereicht wurden.

Eine vollständige Liste aller Gold–, Silber– und Bronze–Gewinner des Stevie Award 2024 nach Kategorien finden Sie unter www.StevieAwards.com/IBA.

Mehr als 300 Führungskräfte weltweit haben in 11 Jurys mitgewirkt, um die Stevie–Gewinner zu ermitteln.

Der Spitzenreiter bei den Stevie Awards in Gold, Silber und Bronze ist Ayala Land aus Metro Manila, Philippinen, mit 25 Stevie Award–Gewinnen.

Zu den weiteren Gewinnern mehrerer Stevie Awards gehören u. a.: Halkbank, Istanbul, Türkei (18), Tata Consultancy, weltweit (14), Viettel, Hanoi, Vietnam (13), Akbank, Istanbul, Türkei (13), DP DHL, weltweit (13), Miral, Abu Dhabi, Vereinigte Arabische Emirate (13), IBM, weltweit (11), Cathay United, Taipeh, Taiwan (10), Data Dynamics, Upper Saddle River, NJ, USA (9), PLDT and Smart, Makati City, Philippinen (9), Abu Dhabi Customs, Abu Dhabi, Vereinigte Arabische Emirate (8), Cathay Financial Holding Co. Ltd., Taipeh, Taiwan, (8), China Resources Land Limited, Shenzhen, China (8), Lounge Group, Budapest, Ungarn (8), Manila Electric Company, Metro Manila, Philippinen, (8), Atos Customer Services, Istanbul, Türkei (7), BELBİM AŞ, Istanbul, Türkei (7), Everise, Plantation, FL USA (7), pladis, Istanbul, Türkei (7), Russell Harris Event Group, North Hollywood, CA USA (7), Sandoz AG, Basel, Schweiz (7), WNS, Mumbai, Indien (7), Wolters Kluwer, weltweit (7), A. S. WATSON, Hongkong, China (6), Beyaz Kağıt San. ve Tic. A.Ş., Adana, Türkiye (6), Ceyhinz Link International Inc., Irving, TX USA (6), HKRI Taikoo Hui, Shanghai, China (6), LLYC, Madrid, Spanien (6), Pan American Energy, Buenos Aires, Argentinien (6), TELUS, Vancouver, BC Kanada, (6), Thai Life Insurance Plc, Bangkok, Thailand (6), ZIMAT, Mexiko–Stadt, Mexiko (6), Mastercard, Miami, FL USA (6), Cisco Systems Inc, San Jose, CA USA (5), DDB Group Philippines, Taguig City, Philippinen (5), Dito Telecommunity, BGC Taguig, Philippinen (5), HCL Software, Noida, Indien und Santa Clara, CA USA (5), King Faisal Specialist Hospital & Research Centre, Riyadh, Saudi Arabien (5), KoçZer, Istanbul, Türkei (5), KoçSistem Bilgi ve İletişim A. Ş., Istanbul, Türkei (5), SOCAR Türkiye, Istanbul, Türkei (5), FPT, Hanoi, Vietnam (5), Sleepm Global Inc, ON Canada (5), TriNet, Dublin, CA USA (5), und die Yapi Kredi Bank, Istanbul, Türkei (5).

Alle Organisationen weltweit sind berechtigt, an den IBAs teilzunehmen, und können eine beliebige Anzahl von Nominierungen in einer Vielzahl von Kategorien für Leistungen in den Bereichen Management, Marketing, Öffentlichkeitsarbeit, Kundenservice, Personalwesen, neue Produkte und Dienstleistungen, Technologie, Websites, Apps, Veranstaltungen und mehr einreichen.

Die Gewinner werden im Rahmen einer Galaveranstaltung am 11. Oktober 2024 im InterContinental Hotel in Istanbul, Türkei, gefeiert. Eintrittskarten sind ab sofort im Verkauf erhältlich.

Nominierungen für die 2025er–Ausgabe der IBAs werden ab Februar angenommen.

Über die Stevie® Awards
Die Stevie Awards werden im Rahmen von neun Programmen verliehen: die Stevie Awards für den asiatisch–pazifischen Raum, die deutschen Stevie Awards, die Stevie Awards für den Nahen Osten und Nordafrika, die American Business Awards®, die International Business Awards®, die Stevie Awards für Frauen in der Wirtschaft, die Stevie Awards für großartige Arbeitgeber, die Stevie Awards für herausragende Leistungen im Bereich Technologie und die Stevie Awards für Sales & Customer Service. Die Stevie Awards verzeichnen jährlich mehr als 12.000 Nominierungen von Unternehmen aus mehr als 70 Ländern. Die Stevies ehren Unternehmen aller Arten und Größen sowie die dahinterstehenden Menschen, indem sie herausragende Leistungen am Arbeitsplatz auf der ganzen Welt auszeichnen. Erfahren Sie mehr über die Stevie Awards unter http://www.StevieAwards.com.

Marketing–Kontakt
Nina Moore
[email protected]
+1 (703) 547–8389

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Stevie® Awards Anuncia Vencedores do 21st Annual International Business Awards® de Todo o Mundo

FAIRFAX, Va., Aug. 15, 2024 (GLOBE NEWSWIRE) — Empresas e executivos de sucesso de todo o mundo estão sendo homenageados com premiações Ouro, Prata e Bronze do Stevie® Award no The 21st Annual International Business Awards®, primeiro programa internacional do mundo que premia amplamente as empresas. Os IBAs são chamados de “as Olimpíadas do local de trabalho”.

Os vencedores foram selecionados entre mais de 3.600 nomeações enviadas por organizações de 62 países e territórios.

Uma lista completa de todos os vencedores do Stevie Award Ouro, Prata e Bronze de 2024 por categoria pode ser encontrada em www.StevieAwards.com/IBA.

Mais de 300 executivos de todo o mundo participaram nos 11 corpos de jurados na escolha dos vencedores dos Stevies.

O principal vencedor dos Stevies Ouro, Prata e Bronze no Prêmio foi Ayala Land da Metro Manila, Filipinas com 25 prêmios Stevie.

Outros vencedores de vários Stevie Awards incluem, entre outros: Halkbank, Istambul, Turquia (18), Tata Consultancy, mundial (14), Viettel, Hanói, Vietnã (13), Akbank, Istambul, Turquia (13), DP DHL, mundial (13), Miral, Abu Dhabi, Emirados Árabes Unidos (13), IBM, mundial (11), Cathay United, Taipei, Taiwan (10), Data Dynamics, Upper Saddle River, NJ, EUA (9), PLDT and Smart, Makati City, Filipinas (9), Abu Dhabi Customs, Abu Dhabi, Emirados Árabes Unidos (8), Cathay Financial Holding Co. Ltd. Taipei, Taiwan, (8), China Resources Land Limited, Shenzhen, China (8), Lounge Group, Budapeste, Hungria (8), Manila Electric Company, Metro Manila, Filipinas, (8), Atos Customer Services, Istambul, Turquia (7), BELBİM AŞ, Istambul, Turquia (7), Everise, Plantation, FL EUA (7), pladis, Istambul, Turquia (7), Russell Harris Event Group, North Hollywood, CA EUA (7), Sandoz AG, Basel, Suíça (7), WNS, Mumbai, Índia (7), Wolters Kluwer, mundial (7), A.S. WATSON, Hong Kong, China (6), Beyaz Kağıt San. ve Tic. A.Ş., Adana, Türkiye (6), Ceyhinz Link International Inc., Irving, TX EUA (6), HKRI Taikoo Hui, Xangai, China (6), LLYC, Madri, Espanha (6), Pan American Energy, Buenos Aires, Argentina (6), Telus, Vancouver, BC Canadá, (6), Thai Life Insurance Plc., Bangkok, Tailândia (6), ZIMAT, Cidade do México, México (6), Mastercard, Miami, FL EUA (6), Cisco Systems Inc, San Jose, CA EUA (5), DDB Group Philippines, Cidade de Taguig, Filipinas (5), Dito Telecommunity, BGC Taguig, Filipinas (5), Software HCL, Noida, Índia e Santa Clara, CA EUA (5), King Faisal Specialist Hospital & Research Centre, Riade, Arábia Saudita (5), KoçZer, Istambul, Turquia (5), KoçSistem Bilgi ve İletişim A.Ş., Istambul, Turquia (5), Socar Türkiye, Istambul, Turquia (5), FPT, Hanói, Vietnã (5), Sleepm Global Inc., ON Canadá (5), TriNet, Dublin, CA EUA (5), e Yapi Kredi Bank, Istambul, Turquia, (5).

Todas as empresas do mundo são elegíveis para competir nos IBAs e podem enviar qualquer número de inscrições para uma ampla gama de categorias de realizações em gestão, marketing, relações públicas, atendimento ao cliente, recursos humanos, novos produtos e serviços, tecnologia, sites, aplicativos, eventos e muito mais.

Os Vencedores serão homenageados durante um evento de gala em Istambul, Turquia, no InterContinental Hotel no dia 11 de outubro de 2024. Os ingressos já estão venda.

As indicações para a edição 2025 do IBAS serão aceitas a partir de fevereiro.

Sobre os Stevie® Awards
Stevie Awards são concedidos em nove programas: Stevie Awards Ásia–Pacífico, Stevie Awards Alemão, Stevie Awards Oriente Médio e África do Norte, The American Business Awards®, The International Business Awards®, Stevie Awards para Grandes Empregadoras, Stevie Awards para Mulheres Empresariais, Stevie Awards de Excelência em Tecnologia e Stevie Awards para Vendas e Atendimento ao Cliente. Os concursos Stevie Awards recebem mais de 12.000 nomeações todos os anos de empresas de mais de 70 países. Honrando empresas de todos os tipos e tamanhos, e as pessoas por trás delas, os Stevies reconhecem excelente desempenho no local de trabalho em todo o mundo. Saiba mais sobre os Stevie Awards em http://www.StevieAwards.com.

Contato de Marketing
Nina Moore
[email protected]
+1 (703) 547–8389

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GLOBENEWSWIRE (Distribution ID 9205571)

Annonce des lauréats internationaux de la 21e édition du programme de récompense International Business Awards® des Stevie® Awards

FAIRFAX, Virginie, 15 août 2024 (GLOBE NEWSWIRE) — Des entreprises et des cadres haute performance originaires du monde entier ont reçu des trophées Stevie® Awards d’or, d’argent et de bronze à l’occasion de la 21e édition des International Business Awards®, le seul programme de récompense mondial dédié aux professionnels toutes catégories confondues. Les International Business Awards®, ou IBA, s’apparentent à des « Jeux olympiques professionnels ».

Les lauréats ont été retenus parmi plus de 3 600 candidatures déposées par des entreprises issues de 62 pays et territoires.

La liste complète des lauréats 2024 des Stevie Awards d’or, d’argent et de bronze de chaque catégorie est disponible sur www.StevieAwards.com/IBA.

Plus de 300 cadres du monde entier ont participé à 11 juries dans le but de déterminer les lauréats des Stevie Awards.

Le champion absolu de cette édition est incontestablement Ayala Land, en provenance du Grand Manille, la région métropolitaine de la capitale philippine, remportant à lui seul 25 trophées dans les catégories bronze, argent et or.

Les autres lauréats de nombreux Stevie Awards comprennent entre autres : pour la Turquie, Halkbank, située à Istanbul (18 prix), pour l’international, Tata Consultancy (14), pour le Vietnam, Viettel, située à Hanoï (13), toujours pour la Turquie, Akbank, située également à Istanbul (13), encore pour l’international, DP DHL (13), pour les Émirats Arabes Unis, Miral, située à Abou Dabi, IBM pour l’international à nouveau (11), pour Taïwan, Cathay United, située à Taipei (10), pour les États–Unis, Data Dynamics, située à Upper Saddle River dans l’État du New Jersey (9), pour les Philippines, PLDT et sa filiale Smart, situées à Makati (9), pour les Émirats Arabes Unis, Abu Dhabi Customs, à Abou Dabi (8), pour Taïwan, Cathay Financial Holding Co. Ltd., située à Taipei (8), pour la Chine, China Resources Land Limited, à Shenzhen (8), pour la Hongrie, Lounge Group, Budapest (8), toujours pour les Philippines, Manila Electric Company, située dans le Grand Manille (8), pour la Turquie, Atos Customer Services et BELBİM AŞ, situées à Istanbul (7 prix chacune), pour les États–Unis, Everise, Plantation, située en Floride (7), toujours pour la Turquie, Pladis, à Istanbul (7), pour les États–Unis à nouveau, Russell Harris Event Group, située dans le quartier de North Hollywood de Los Angeles, en Californie (7), pour la Suisse, la bâloise Sandoz AG (7), pour l’Inde, WNS, à Mumbai (7), Wolters Kluwer pour l’international (7), pour la Chine, A.S. WATSON à Hong Kong (6), pour la Turquie, Beyaz Kağıt San. ve Tic. A.Ş., à Adana (6), pour les États–Unis, Ceyhinz Link International Inc., à Irving au Texas (6), pour la Chine, HKRI Taikoo Hui, à Shanghai (6), pour l’Espagne, la madrilène LLYC (6), pour l’Argentine, Pan American Energy, située à Buenos Aires (6), pour le Canada, TELUS, à Vancouver, dans la province de la Colombie–Britannique (6), pour la Thaïlande Thai Life Insurance Plc., à Bangkok (6), pour le Mexique ZIMAT, à Mexico (6), pour les États–Unis encore, Mastercard, à Miami en Floride (6), et Cisco Systems Inc, à San Jose en Californie (5), pour les Philippines à nouveau, DDB Group Philippines et Dito Telecommunity BGC, toutes deux à Taguig (5 prix chacune), pour les États–Unis et l’Inde, HCL Software, respectivement situées à Noida (Inde) et Santa Clara, en Californie (5), pour l’Arabie saoudite, le King Faisal Specialist Hospital & Research Centre, à Riyad (5), pour la Turquie, KoçZer, KoçSistem Bilgi ve İletişim A.Ş. et SOCAR, toutes trois situées à Istanbul (5 prix chacune), pour le Vietnam, FPT, à Hanoï (5), pour le Canada, Sleepm Global Inc., en Ontario (5), pour les États–Unis, TriNet, à Dublin en Californie, et pour la Turquie, Yapi Kredi Bank, à Istanbul (5).

Les IBA sont ouverts aux entreprises du monde entier, qui ne sont astreintes à aucun nombre limite de dossiers de candidatures. Elles peuvent concourir dans un large éventail de catégories, pour obtenir des prix en management, marketing, relations publiques, service client, ressources humaines, innovation produits et services, technologie, sites web, applications, événements, et bien plus encore.

Les prix seront attribués lors d’une soirée de gala organisée à l’hôtel InterContinental d’Istanbul, en Turquie, le 11 octobre prochain. Les places sont en vente dès à présent.

Les candidatures pour l’édition 2025 des International Business Awards® seront acceptées dès le mois de février.

À propos des Stevie Awards
Les Stevie Awards sont décernés dans le cadre de neuf programmes : les Asia–Pacific Stevie Awards, les German Stevie Awards, les Middle East & North Africa Stevie Awards, les American Business Awards®, les International Business Awards®, les Stevie Awards for Great Employers, les Stevie Awards for Women in Business, les Stevie Awards for Technology Excellence, et les Stevie Awards for Sales & Customer Service. Le comité de concours des Stevie Awards reçoit chaque année plus de 12 000 candidatures d’organisations de plus de 70 pays. En mettant à l’honneur des organisations de tous types et de toutes tailles, ainsi que les personnes qui les animent, les Stevie Awards récompensent des performances exceptionnelles constatées en milieu professionnel, dans le monde entier. Pour en savoir plus sur les Stevie Awards, nous vous invitons à consulter le site : http://www.StevieAwards.com.

Coordonnées Marketing
Nina Moore
[email protected]
+1 (703) 547–8389

Une photo accompagnant le présent communiqué de presse est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/016f5ff3–87b5–4312–9987–bd46ed12920e


GLOBENEWSWIRE (Distribution ID 9205571)

Stevie® Awards Announce Winners in The 21st Annual International Business Awards® from Across the Globe

FAIRFAX, Va., Aug. 14, 2024 (GLOBE NEWSWIRE) — High–achieving organizations and executives around the world have been recognized as Gold, Silver, and Bronze Stevie® Award winners in The 21st Annual International Business Awards®, the world's only international, all–encompassing business awards program. The IBAs have been called “the Olympics for the workplace.”

Winners were selected from more than 3,600 nominations submitted by organizations in 62 nations and territories.

A complete list of all 2024 Gold, Silver and Bronze Stevie Award winners by category is available at www.StevieAwards.com/IBA.

More than 300 executives worldwide participated on 11 juries to determine the Stevie winners.

The top winner of Gold, Silver, and Bronze Stevie Awards is Ayala Land of Metro Manila, Philippines with 25 Stevie Award wins.

Other winners of multiple Stevie Awards include, among others: Halkbank, Istanbul, Türkiye (18), Tata Consultancy, worldwide (14), Viettel, Hanoi, Vietnam (13), Akbank, Istanbul, Türkiye (13), DP DHL, worldwide (13), Miral, Abu Dhabi, United Arab Emirates (13), IBM, worldwide (11), Cathay United, Taipei, Taiwan (10), Data Dynamics, Upper Saddle River, NJ, USA (9), PLDT and Smart, Makati City, Philippines (9), Abu Dhabi Customs, Abu Dhabi, United Arab Emirates (8), Cathay Financial Holding Co. Ltd. Taipei, Taiwan, (8), China Resources Land Limited, Shenzhen, China (8), Lounge Group, Budapest, Hungary (8), Manila Electric Company, Metro Manila, Philippines, (8), Atos Customer Services, Istanbul, Türkiye (7), BELBİM AŞ, Istanbul, Türkiye (7), Everise, Plantation, FL USA (7), pladis, Istanbul, Türkiye (7), Russell Harris Event Group, North Hollywood, CA USA (7), Sandoz AG, Basel, Switzerland (7), WNS, Mumbai, India (7), Wolters Kluwer, worldwide (7), A.S. WATSON, Hong Kong, China (6), Beyaz Kağıt San. ve Tic. A.Ş., Adana, Türkiye (6), Ceyhinz Link International Inc., Irving, TX USA (6), HKRI Taikoo Hui, Shanghai, China (6), LLYC, Madrid, Spain (6), Pan American Energy, Buenos Aires, Argentina (6), TELUS, Vancouver, BC Canada, (6), Thai Life Insurance Plc., Bangkok, Thailand (6), ZIMAT, Mexico City, Mexico (6), Mastercard, Miami, FL USA (6), Cisco Systems Inc, San Jose, CA USA (5), DDB Group Philippines, Taguig City, Philippines (5), Dito Telecommunity, BGC Taguig, Philippines (5), HCL Software, Noida, India and Santa Clara, CA USA (5), King Faisal Specialist Hospital & Research Centre, Riyadh, Saudi Arabia (5), KoçZer, Istanbul, Türkiye (5), KoçSistem Bilgi ve İletişim A.Ş., Istanbul, Türkiye (5), SOCAR Türkiye, Istanbul, Türkiye (5), FPT, Hanoi, Vietnam (5), Sleepm Global Inc., ON Canada (5), TriNet, Dublin, CA USA (5), and Yapi Kredi Bank, Istanbul, Türkiye, (5).

All organizations worldwide are eligible to compete in the IBAs and may submit any number of nominations in a wide range of categories for achievement in management, marketing, public relations, customer service, human resources, new products and services, technology, websites, apps, events, and more.

Winners will be celebrated during a gala event in Istanbul, Türkiye, at the InterContinental Hotel on October 11, 2024. Tickets are on sale now.

Nominations for the 2025 edition of the IBAs will be accepted starting in February.

About the Stevie® Awards
Stevie Awards are conferred in nine programs: the Asia–Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Technology Excellence, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Marketing Contact
Nina Moore
[email protected]
+1 (703) 547–8389

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/016f5ff3–87b5–4312–9987–bd46ed12920e


GLOBENEWSWIRE (Distribution ID 9204642)

Meltwater launches new global Partner Program to fuel customer success

SAN FRANCISCO, Aug. 14, 2024 (GLOBE NEWSWIRE) — Meltwater, a leading global provider of social, media and consumer intelligence, today announces the launch of the Meltwater Partner Program, a fast–growing ecosystem of the top technology and services providers working together to enable organizations to be insight–driven.

Meltwater’s suite of solutions unlock the power of media, social, and consumer data, transforming them into actionable insights to give customers a competitive edge. With the most comprehensive dataset in the industry and more than 1 billion pieces of media and social content analyzed each day, Meltwater empowers companies with easy–to–action insights that drive data–backed decision–making. Its suite of solutions span media intelligence, media relations, social listening, social media management, influencer marketing, consumer intelligence, and more.

Through the Meltwater Partner Program, Meltwater customers now benefit from complementary solutions, services and technology, enabled by Meltwater’s dynamic partner ecosystem. The creation of the program is an investment into Meltwater’s customers and ensuring that they reap the full benefits of Meltwater's offerings.

The Partner Program consists of global systems integrators, agencies and consultancies, technology partners, cloud partners, regional partners and service partners, all providing a unique value proposition for Meltwater's customers. From joint solutions, to service packages, to agency work, Meltwater’s customer–centric philosophy puts its customers at the heart of this partner strategy with the goal of providing the maximum amount of value towards their business goals.

“I’m thrilled to launch the new Partner Program, along with enablement offers that will help our partners build their practices. Our goal is to always put our customers in a position to succeed, and with our best–in–class partners we are building a robust global partner ecosystem with solutions that enable our shared customers to meet the challenges of today and tomorrow,” said Doug Balut, Meltwater’s Senior Vice President of Global Alliances and Partnerships.

Select Meltwater partners include:

  • Microsoft, one of the world’s leading technology companies, is fueled by its mission to empower every person and every organization on the planet to achieve more. Stephanie Cohen–Glass, Senior Director, Communications Strategy at Microsoft said, “We were looking for a partner that shared our vision of reinventing communications with AI, and with Meltwater we found just that. Together, we’re creating solutions that allow PR and Comms professionals to access data and insights in a more natural way, in the workflow they already use, to drive impact.”
  • Dig Human, a digital agency that bridges data, design, strategy, technology and AI, to help organizations accelerate digital transformation, innovation and growth. Rob Harles, CEO and Founder of Dig Human said, “We’re thrilled to be partnering with Meltwater and bringing their world–class solutions to our customers to enable growth, transformation and innovation. Working with a partner like Meltwater helps us to help our clients capture real value from technology and data and build stronger, more enduring human connections with customers, employees and citizens.”
  • Point 600, a Communications Consulting Firm specializing in Data Analytics – Brittany Paxman, Managing Partner, Point 600 said, “We’re excited to join the Meltwater Partner Program and help our shared customers leverage Meltwater to make data–informed decisions. At Point 600, we help our clients use data and technology to prove and improve the impact of communications. We've seen firsthand the transformative power of Meltwater's dataset when used in smart ways. Together, we're enabling communications leaders to operate with greater impact, intelligence, and efficiency.”

By joining the program, Meltwater partners gain access to a broad range of programs, including access to innovative technologies and exclusive co–marketing opportunities to amplify their brand and accelerate revenue growth, access to our partner portal, lead generation and much more.

Meltwater’s investment in developing a dynamic partner ecosystem, following the appointment of Doug Balut as Senior Vice President of Global Alliances and Partnerships at the end of 2023. Balut is spearheading the development of Meltwater’s partnership strategy, channel sales organization, and partner go–to–market strategies, all aimed at propelling Meltwater's growth, creating more value for customers and solidifying its position as an enterprise–grade suite of solutions.

For more information please contact,
Kelly Costello
[email protected]

About Meltwater
Meltwater empowers companies with solutions that span media, social, consumer, and sales intelligence. By analyzing ~1 billion pieces of content daily and transforming them into vital insights, Meltwater unlocks the competitive edge to drive results. With 27,000 global customers, 50 offices across six continents, and 2,300 employees, Meltwater is the industry partner for global brands making an impact. Learn more at meltwater.com


GLOBENEWSWIRE (Distribution ID 9204525)

Cellebrite Appoints Tech Veteran Troy K. Richardson to Board of Directors

TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) — Cellebrite (NASDAQ: CLBT), a global leader in premier digital investigative solutions for the public and private sectors, announced today that Troy Richardson has joined its board of directors, effective August 13, 2024.

Mr. Richardson is a seasoned technology executive with more than 30 years of experience in leading, scaling and transforming global organizations. He currently serves on the Unisys Corporation (NYSE: UIS) Board of Directors and previously served as a Director of the Board for Carestream Dental. Mr. Richardson was president of the Digital Thread group at PTC Inc. (NASDAQ: PTC) from 2021 until 2022 after having served as executive vice president and chief operating officer from 2020 to 2021. Mr. Richardson’s three decades of senior leadership roles span some of the largest and most successful global technology companies including DXC (formerly Computer Sciences Corporation prior to its merger with HP Enterprise), Oracle, SAP, Hewlett–Packard Novell, and IBM. With the appointment of Troy Richardson, Cellebrite’s Board of Directors now consists of 10 directors. Mr. Richardson is based in metropolitan Atlanta.

“We are delighted to welcome Troy to our board of directors,” said Thomas Hogan, Executive Chairman of the Board of Cellebrite. “Troy is an outstanding leader who brings a wealth of expertise and insight to our Company. His deep knowledge of the software industry, combined with his broad leadership experience spanning sales, marketing, corporate development and customer success, will be invaluable as we continue to execute our strategy and deliver outstanding value to our customers. We look forward to benefiting from Troy’s counsel as we further scale our business, fortify and expand our market leadership, advance innovation and drive shareholder value.”

“I am honored and excited to join Cellebrite's board of directors,” said Richardson. “Cellebrite has established its leadership position in the digital investigative and intelligence gathering industry, with a strong culture of innovation, customer focus, and social responsibility. I look forward to collaborating with Tom and the rest of the Board, as well as with Cellebrite’s talented management team and employees, to help Cellebrite achieve its full potential and continue making a positive, enduring impact on the world.”

Mr. Richardson holds a bachelor's degree in business administration from Eastern Illinois University and a master's degree in business administration from Northwestern University’s J.L. Kellogg School of Management. He was appointed to Unisys’ Corporation’s Board of Directors in 2021 and currently serves on the Board’s Audit & Finance and Rick & Security Committees. Mr. Richardson also served on Carestream Dental Board of Directors from 2021 to 2024.

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice and preserve privacy in communities around the world. We are a global leader in Digital Investigative solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Investigative platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on X at @Cellebrite.

Contacts:

Media
Victor Ryan Cooper
Sr. Director of Corporate Communications + Content Operations
[email protected]
+1 404.804.5910

Investors
Andrew Kramer
Vice President, Investor Relations
[email protected]
+1 973.206.7760

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/947dd533–8273–47a0–9fdb–eac0d18d28c5


GLOBENEWSWIRE (Distribution ID 9204183)

The Plight of Women Three Years after Taliban Takeover in Afghanistan

An Afghan mother holds her daughter, staring at the light from behind her obscured window. Credit: UN Women/Sayed Habib Bidell

By Alison Davidian
UNITED NATIONS, Aug 14 2024 – I’ve just come back from the north of Afghanistan. I asked the women I met what they want the world to know about their lives.

One woman, Nasima told me: “I was married at 16. I couldn’t finish school. My hope was that my daughter’s life would be better. Now I’m worried her life is going to be worse. To those who are still listening to our voices, please help us fight for our freedom.”

This week marks three years since the Taliban takeover of Afghanistan.

Three years’ worth of countless decrees, directives, and statements targeting women and girls – stripping them of their fundamental rights. Eviscerating their autonomy.

A 31-year-old woman sits by the window. She used to be an entrepreneur before the Taliban takeover. Credit: UN Women/Sayed Habib Bidell

Our latest publication, launched today, shows trends based on rounds of consultations we’ve done with thousands of Afghan women, from the provincial capitals to the most rural areas since August 2021.

One of the first, most striking, trends is the erasure of Afghan women from public life.

To date, no woman in Afghanistan is in a leadership position anywhere that has influence politically, at the national or provincial level. When Afghan women are engaged in the Taliban’s structures, their roles are largely about monitoring compliance of other women with their discriminatory decrees.

This political erasure is mirrored at the social level. Our data shows that when you take away basic rights, it impacts every area of life. Of the women we surveyed, 98 per cent felt they had limited or zero influence on decision-making in their communities.

It is also reflected in the home. Our data shows that the percentage of women who feel they can influence decision-making at the household level has dropped by nearly 60 per cent over the last year. To give some context, three years ago an Afghan women could technically decide to run for President. Now, she may not even be able to decide when to go and buy groceries.

It wasn’t perfect three years ago. But it wasn’t this.

Linked to the loss of rights, our data points to an escalating mental health crisis. Sixty-eight per cent of the women we consulted report “bad” or “very bad” mental health. And 8 per cent indicated knowing at least one women or girl who had attempted suicide.

What is also clear three years in, is that the Taliban’s restrictions on the rights of women and girls will affect generations to come.

Our analysis shows that by 2026, the impact of leaving 1.1 million girls out of school and over 100,000 women out of university is correlated with an increase in the rate of early childbearing by 45 per cent; and an increased risk of maternal mortality by at least 50 per cent.

In the face of this deepening women’s rights crisis, I am often asked: what can we do to support Afghan women and girls?

My answer is always this one key thing.

We must continue to invest in women. Nothing undermines the Taliban’s vision for society more than empowering the very part of the population they seek to oppress.

Practically, based on UN Women’s work over the past three years, investing in women translates into three main strategies:

    1. Allocate flexible and long-term funding to grassroots women’s organizations. This is one of the most effective ways to reach women and girls, respond to their needs, and invest in one of the few sectors where women can still influence decision-making. It’s hard, but it’s possible.

    2. Design programmes dedicated to countering the erasure of women and girls, investing directly in their resilience, empowerment, and leadership. Initiatives particularly for education, livelihoods, and entrepreneurship are crucial ways to meaningfully address structural drivers of gender inequality.

    3. Finally, it is essential to facilitate spaces where Afghan women can express their concerns and priorities directly. Our data shows that Afghan women want to represent themselves. But one meeting and one participation option will not do. Across any engagement, we need to ask: How can we consult and include Afghan women? What can we do differently to break the pattern of women’s exclusion?

Three years ago, the whole world was watching a takeover that was livestreaming horror after horror.

Three years later, while the world’s attention may have turned elsewhere, the horrors have not stopped for Afghan women and girls, nor has their conviction to stand against the oppression.

When it comes to the fight for women’s rights, we are at an inflection point in Afghanistan, but also globally. The world is watching what happens to women and girls in Afghanistan. In some places, it watches to condemn; in others, it watches to emulate the Taliban’s structural oppression.

We cannot leave Afghan women to fight alone. If we do, we have no moral ground to fight for women’s rights anywhere.

Their fate determines the fate of women everywhere.

What we do – or fail to do – for Nasima, her daughter, and all Afghan women and girls, is the ultimate test of who we are as a global community and what we stand for.

Alison Davidian, UN Women Country Representative in Afghanistan, spoke at the noon press briefing at the UN Headquarters on August 13 about the state of women and girls three years since the Taliban takeover.

IPS UN Bureau

 


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Handling Financial Crises in the South

By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, Aug 14 2024 – When history repeats itself, the first time is a tragedy; the next is a farce. If we fail to learn from past financial crises, we risk making avoidable errors, often with irreversible, even tragic consequences.

Jomo Kwame Sundaram

Between rock and hard place
Many people worldwide suffered greatly during the 2008-2009 global financial crisis (GFC) and the Great Recession. However, the experiences of most developing nations were significantly different from those of the global North.

Developing nations’ varied responses reflected their circumstances, the constraints of their policymakers, and their understanding of events and options.

Hence, the global South reacted very differently. With more limited means, most developing countries responded quite dissimilarly to rich nations.

Hard hit by the GFC and the ensuing Great Recession, developing countries’ financial positions have been further weakened by tepid growth since. Worse, their foreign reserves and fiscal balances declined as sovereign debt rose.

Most emerging market and developing economies (EMDEs) mainly save US dollars. The few countries with large trade surpluses have long bought US Treasury bonds. This finances US fiscal, trade, and current account deficits, including for war.

Vagaries of finance
After the GFC, international investors – including pension funds, mutual funds, and hedge funds – initially continued to be risk-averse in their exposure to EMDEs.

Thus, the GFC hit growth worldwide through various channels at different times. As EMDE earnings and prospects fell, investor interest declined.

But with more profits to be made from cheap finance, thanks to ‘quantitative easing’, funds flowed to the Global South. As the US Fed raised interest rates in early 2022, funds fled developing nations, especially the poorest.

Long propped up by easy credit, real estate and stock markets collapsed. With finance becoming more powerful and consequential, the real economy suffered.

As growth slowed, developing countries’ export earnings fell as funds flowed out. Thus, instead of helping counter-cyclically, capital flowed out when most needed.

The consequences of such reversals have varied considerably. Sadly, many who should have known better chose to remain blind to such dangers.

After globalisation peaked around the turn of the century, most wealthy nations reversed earlier trade liberalisation, invoking the GFC as the pretext. Thus, growth slowed with the GFC, i.e., well before the COVID-19 pandemic.

Markets collapse
Previously supported by the Great Moderation’s easy money, stock markets in EMDEs plunged in the GFC. The turmoil arguably hurt EMDEs much more than rich nations.

Most rich and many middle-income households in EMDEs own equities, while many pension funds have increasingly invested in financial markets in recent decades.

Financial turmoil directly impacts many incomes, assets and the real economy. Worse, banks stop lending when their credit is most needed.

This forces firms to cut investment spending and instead use their savings and earnings to cover operating costs, often causing them to lay off workers.

As stock markets plummet, solvency is adversely impacted as firms and banks become overleveraged, precipitating other problems.

Falling stock prices trigger downward spirals, slowing the economy, increasing unemployment, and worsening real wages and working conditions.

As government revenues decline, they borrow more to make up the shortfall.

Various economies cope differently with such impacts as government responses vary.

Much depends on how governments respond with countercyclical and social protection policies. However, earlier deregulation and reduced means have typically eroded their capacities and capabilities.

Policy matters
Official policy response measures to the GFC endorsed by the US and IMF included those they had criticised East Asian governments for pursuing during their 1997-1998 financial crises.

Such efforts included requiring banks to lend at low interest rates, financing or ‘bailing out’ financial institutions and restricting short selling and other previously permissible practices.

Many forget that the US Fed’s mandate is broader than most other central banks. Instead of providing financial stability by containing inflation, it is also expected to sustain growth and full employment.

Many wealthy countries adopted bold monetary and fiscal policies in response to the Great Recession. Lower interest rates and increased public spending helped.

With the world economy in a protracted slowdown since the GFC, tighter fiscal and monetary policies since 2022 have especially hurt developing countries.

Effective counter-cyclical policies and long-term regulatory reforms were discouraged. Instead, many complied with market and IMF pressures to cut fiscal deficits and inflation.

Reform finance
Nevertheless, appeals for more government intervention and regulation are common during crises. However, procyclical policies replace counter-cyclical measures once a situation is less threatening, as in late 2009.

Quick fixes rarely offer adequate solutions. They do not prevent future crises, which rarely replay previous crises. Instead, measures should address current and likely future risks, not earlier ones.

Financial reforms for developing countries should address three matters. First, needed long-term investments should be adequately funded with affordable and reliable financing.

Well-run development banks, relying mainly on official resources, can help fund such investments. Commercial banks should also be regulated to support desired investments.

Second, financial regulation should address new conditions and challenges, but regulatory frameworks should be countercyclical. As with fiscal policy, capital reserves should grow in good times to strengthen resilience to downturns.

Third, countries should have appropriate controls to deter undesirable capital inflows which do not enhance economic development or financial stability.

Precious financial resources will be needed to stem the disruptive outflows that invariably follow financial turmoil and to mitigate their consequences.

IPS UN Bureau

 


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