‘Inclusive Digital Transformation Will Pave Path for Prosperity, Bridge Divides’

Weeks after an international conference on inclusive and people-centric digital transformation organized by the Global Development Network (GDN) here, a new narrative is unfolding about the need for digital innovations to serve people first and narrow inequalities rather than widening them. Earlier this week, amidst a landmark G20 Summit on African soil, world leaders converged […]

ZMH Advisors Partners with Takamol Holding to Promote Data-Driven Policy Design, Sustainability, Corporate Governance, and Stakeholder Engagement in Saudi Arabia

WASHINGTON, Nov. 26, 2025 (GLOBE NEWSWIRE) — ZMH Advisors LLC (“ZMH Advisors”), a leading data–driven stakeholder engagement, sustainability, corporate governance, and policy advisory firm, announced today the signing of a Memorandum of Understanding (MOU) with Takamol Holding (“Takamol”) during the U.S.–Saudi Investment Forum in Washington, D.C. The partnership was formalized between Dr. Ahmad Al–Yamani, CEO of Takamol Holding, and Waheed Hassan, CFA, Founder & CEO of ZMH Advisors.

The collaboration brings together ZMH Advisors’ proprietary analytics, stakeholder intelligence, governance expertise, and policy advisory capabilities with Takamol’s national presence and leadership in socioeconomic and digital enablement under Saudi Arabia’s Vision 2030.

“Signing this MOU at the U.S.–Saudi Investment Forum marks a significant step in expanding our presence in the region,” said Waheed Hassan, Founder & CEO of ZMH Advisors. “As a trusted advisor to global companies on sustainability and governance, we look forward to supporting Takamol’s vision to be a leader in economic and social development in the region,” said Waheed Hassan.

Since its launch in 2013, Takamol has played an integral role in empowering the labor market by providing sustainable solutions that enhance economic and social development. Under Dr. Ahmad Al–Yamani’s leadership, Takamol has become a national enabler that connects policy with execution, people with opportunity, and innovation with impact, accelerating Saudi Arabia’s journey toward Vision 2030 and beyond.

About ZMH Advisors

ZMH Advisors is a data–driven advisory firm specializing in stakeholder engagement, sustainability, corporate governance, and public policy strategy. The firm combines proprietary analytics with deep advisory expertise to help organizations navigate evolving global standards, strengthen institutional capabilities, and build long–term resilience.

Contact:

[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5afe0473–762a–4fe5–8ef6–7c15cbc1e6bc

 


GLOBENEWSWIRE (Distribution ID 9592211)

Nyxoah’s Genio® Therapy Receives Significant 2026 Medicare Reimbursement Increases Under Final CMS Rule

Nyxoah’s Genio® Therapy Receives Significant 2026 Medicare Reimbursement Increases Under Final CMS Rule

Assignment to New Technology APC 1580 is positive news for Nyxoah’s U.S. commercial rollout by strengthening hospital and ASC economics

Mont–Saint–Guibert, Belgium – November 26, 2025, 7:45 am CET / 1:45 am ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company that develops breakthrough treatment alternatives for Obstructive Sleep Apnea (OSA) through neuromodulation, today announced that the U.S. Centers for Medicare & Medicaid Services (CMS) has finalized its CY2026 Hospital Outpatient Prospective Payment System (HOPPS) and Ambulatory Surgery Center (ASC) Rule. Within the final rule, CMS assigned CPT Code 64568, the code used for all Genio hypoglossal nerve stimulation (HGNS) implants, to New Technology Ambulatory Payment Classification (APC) 1580.

Effective January 1, 2026, Hospital Outpatient Department (HOPD) reimbursement for CPT 64568 will increase to approximately $45,000, a 48% rise compared to 2025. In addition, Ambulatory Surgery Centers (ASC) facility reimbursement will increase to $42,373, reflecting a 58% increase compared to 2025.

These updates apply uniformly to all procedures billed under CPT 64568, including Genio®, and strengthen the economic foundation supporting therapy adoption across U.S. hospital outpatient departments and ambulatory surgical centers. With CMS’ decision, Genio® enters 2026 with a stronger reimbursement framework that is expected to support broader adoption, increased procedural throughput, and expansion across Medicare–heavy institutions.

Genio®’s single–incision procedure is well suited for the ASC environment, and the significant increase in ASC facility payment creates new opportunities for therapy expansion and site–of–service diversification.

“CMS’ decision to significantly increase reimbursement for CPT 64568 reinforces the growing recognition of hypoglossal nerve stimulation as a high–value therapy for obstructive sleep apnea,” commented Olivier Taelman, Nyxoah's Chief Executive Officer.“ The new rates create a more favorable environment for expanding access to our Genio therapy across both outpatient hospitals and ASCs.”

About Nyxoah

Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat OSA. Nyxoah’s lead solution is the Genio system, a patient–centered, leadless and battery–free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company announced positive outcomes from the DREAM IDE pivotal study and receipt of approval from the FDA for a subset of adult patients with moderate to severe OSA with an AHI of greater than or equal to 15 and less than or equal to 65.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. FDA approved in August 2025 as prescription–only device.

Forward–looking statements

Certain statements, beliefs and opinions in this press release are forward–looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio system; the potential advantages of the Genio system; Nyxoah’s goals with respect to the potential use of the Genio system; the Company's commercialization strategy and entrance to the U.S. market; and the Company's results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward–looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward–looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. These risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20–F for the year ended December 31, 2024, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2025 and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward–looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward–looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward–looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward–looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward– looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward–looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward–looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward–looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
John Landry, CFO
[email protected]

Rémi Renard
Chief Investor Relations & Corporate Communication Officer
[email protected]

Attachment


GLOBENEWSWIRE (Distribution ID 1001141004)

La Thérapie Genio® de Nyxoah Bénéficie d'une Augmentation Significative du Remboursement Medicare en 2026 en Vertu de la Règle Finale du CMS

La Thérapie Genio® de Nyxoah Bénéficie d'une Augmentation Significative du Remboursement Medicare en 2026 en Vertu de la Règle Finale du CMS

L'attribution à l’APC “nouvelle technologie” 1580 donne un élan significatif au lancement commercial de Nyxoah aux États–Unis en renforçant la rentabilité des hôpitaux et des centres de chirurgie ambulatoire

Mont–Saint–Guibert, Belgique – 26 novembre 2025, 7h45 CET / 1h45 ET – Nyxoah SA (Euronext Bruxelles/Nasdaq : NYXH) (« Nyxoah » ou la « Société ») une société de technologie médicale spécialisée dans le développement et la commercialisation de solutions innovantes pour le traitement de l'Apnée Obstructive du Sommeil (« AOS ») par neuromodulation, a annoncé aujourd'hui que les Centres américains pour les services Medicare et Medicaid (Centers for Medicare & Medicaid Services – CMS) ont annoncé avoir finalisé leur règlement pour le système de paiement prospectif des soins hospitaliers ambulatoires (Hospital Outpatient Prospective Payment System – HOPPS) et les centres de chirurgie ambulatoire (Ambulatory Surgery Center – ASC) pour l'année civile 2026. Dans la règle finale, CMS a attribué le code CPT 64568, utilisé pour tous les implants de stimulation du nerf hypoglosse (HGNS) Genio, à la classification de paiement ambulatoire pour les nouvelles technologies (Ambulatory Payment Classification – APC) 1580.

À compter du 1er janvier 2026, le remboursement des services ambulatoires hospitaliers (HOPD) pour le code CPT 64568 passera à environ 45 000 dollars, soit une augmentation de 48 % par rapport à 2025. En outre, le remboursement des centres de chirurgie ambulatoire (ASC) passera à 42 373 dollars, soit une augmentation de 58 % par rapport à 2025.

Ces mises à jour s'appliquent de manière uniforme à toutes les procédures facturées sous le code CPT 64568, y compris Genio®, et renforcent les bases économiques qui soutiennent l'adoption de cette thérapie dans les services ambulatoires des hôpitaux et les centres chirurgicaux ambulatoires aux États–Unis. Grâce à la décision du CMS, Genio® aborde l'année 2026 avec un cadre de remboursement plus solide qui devrait favoriser une adoption plus large, une augmentation du nombre de procédures et une expansion dans les établissements fortement dépendants de Medicare.

La procédure à incision unique de Genio® est parfaitement adaptée à l'environnement des centres de chirurgie ambulatoire (ASC), et l'augmentation significative des paiements versés à ces centres crée de nouvelles opportunités pour l'expansion des traitements et la diversification des lieux de soins.

“La décision de CMS d'augmenter considérablement le remboursement pour le CPT 64568 renforce la reconnaissance croissante de la stimulation du nerf hypoglosse comme traitement de grande valeur pour l'apnée obstructive du sommeil,” a commenté Olivier Taelman, Chief Executive Officer de Nyxoah.“ Les nouveaux tarifs créent un environnement plus favorable à l'élargissement de l'accès à notre traitement Genio dans les hôpitaux ambulatoires et les centres de chirurgie ambulatoire.”

À propos de Nyxoah
Nyxoah opère dans le secteur des technologies médicales. Elle se concentre sur le développement et la commercialisation de solutions innovantes destinées à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS). La principale solution de Nyxoah est le système Genio®, une thérapie de neurostimulation du nerf hypoglosse sans sonde et sans batterie qui a reçu le marquage CE, centrée sur le patient et destinée à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS), le trouble respiratoire du sommeil le plus courant au monde. Ce dernier est associé à un risque accru de mortalité et des comorbidités, dont les maladies cardiovasculaires. La visions de Nyxoah est que les patients souffrant de SAOS doivent pouvoir profiter de nuits réparatrices et vivre pleinement leur vie.

À la suite de la finalisation probante de l’étude BLAST OSA, le système Genio® a reçu le marquage européen CE en 2019. Nyxoah a réalisé avec succès deux IPO : l’une sur Euronext Bruxelles en septembre 2020 et l’autre sur le NASDAQ en juillet 2021. Grâce aux résultats positifs de l'étude BETTER SLEEP, Nyxoah a reçu le marquage CE pour l’extension de ses indications thérapeutiques aux patients souffrant de collapsus concentrique complet (CCC), pour lesquels les thérapies concurrentes sont actuellement contre–indiquées. En outre, la Société a annoncé les résultats positifs de l'étude pivot DREAM IDE et l'obtention de l'autorisation de la FDA pour un sous–groupe de patients adultes atteints d'AOS modérée à sévère avec un IAH supérieur ou égal à 15 et inférieur ou égal à 65.

Pour plus d’informations, visitez www.nyxoah.com

Attention – marquage CE depuis 2019. Approuvé par la FDA en août 2025 en tant que dispositif disponible uniquement sur prescription médicale.

DÉCLARATIONS PROSPECTIVES
Certaines déclarations, convictions et opinions contenues dans le présent communiqué de presse sont prospectives et reflètent les attentes actuelles de la Société ou, le cas échéant, de ses administrateurs ou de sa direction concernant concernant la clôture du placement privé, l'offre directe enregistrée et le financement par obligation convertible, le système Genio®; les études cliniques prévues et en cours sur le système Genio®; les avantages potentiels du système Genio®; les objectifs de Nyxoah en matière de développement, de parcours réglementaire et d'utilisation potentielle du système Genio® ; la stratégie de commercialisation de la Société et son entrée sur le marché américain ; et les résultats d'exploitation, la situation financière, la liquidité, les performances, les perspectives, la croissance et les stratégies de la Société. De par leur nature, les déclarations prospectives comportent un certain nombre de risques, d'incertitudes, d'hypothèses et d'autres facteurs qui pourraient faire en sorte que les résultats ou événements réels diffèrent sensiblement de ceux exprimés ou sous–entendus dans les déclarations prospectives. Ces risques, incertitudes, hypothèses et facteurs pourraient avoir une incidence défavorable sur les résultats et les effets financiers des plans et événements décrits dans le présent document. En outre, ces risques et incertitudes comprennent, sans s'y limiter, la satisfaction des conditions requises pour la clôture de chacun du placement privé, de l'offre directe enregistrée et du financement par obligation convertible, ainsi que la réalisation des clôtures respectives, les risques et incertitudes énoncés dans la section « Risk Factors » du Annual Report on Form 20–F de la Société pour l'exercice clos le 31 décembre 2024, déposé auprès de la Securities and Exchange Commission (« SEC ») le 20 mars 2025, et dans les rapports ultérieurs que la Société dépose auprès de la SEC. Une multitude de facteurs, y compris, mais sans s'y limiter, les changements dans la demande, la concurrence et la technologie, peuvent faire en sorte que les événements, les performances ou les résultats réels diffèrent considérablement de toute évolution prévue. Les déclarations prospectives contenues dans le présent communiqué de presse concernant les tendances ou les activités passées ne constituent pas des garanties de performances futures et ne doivent pas être considérées comme une indication que ces tendances ou activités se poursuivront à l'avenir. En outre, même si les résultats ou développements réels sont conformes aux déclarations prospectives contenues dans le présent communiqué de presse, ces résultats ou développements ne sont pas nécessairement indicatifs des résultats ou développements futurs. Aucune déclaration ni garantie n'est faite quant à l'exactitude ou à l'équité de ces déclarations prospectives. Par conséquent, la Société décline expressément toute obligation ou engagement de publier des mises à jour ou des révisions des déclarations prospectives contenues dans le présent communiqué de presse à la suite d'un changement dans les attentes ou d'un changement dans les événements, les conditions, les hypothèses ou les circonstances sur lesquels ces déclarations prospectives sont fondées, sauf si la loi ou la réglementation l'exige expressément. Ni la Société, ni ses conseillers ou représentants, ni aucune de ses filiales, ni aucun des dirigeants ou employés de ces personnes ne garantissent que les hypothèses sous–jacentes à ces déclarations prospectives sont exemptes d'erreurs, et n'acceptent aucune responsabilité quant à l'exactitude future des déclarations prospectives contenues dans le présent communiqué de presse ou à la réalisation effective des développements prévus. Vous ne devez pas vous fier indûment aux déclarations prospectives, qui ne sont valables qu'à la date du présent communiqué de presse.

Contacts :

Nyxoah
John Landry, CFO
[email protected]

Rémi Renard
Chief Investor Relations & Corporate Communication Officer
[email protected]

Pièce jointe


GLOBENEWSWIRE (Distribution ID 1001141004)

Explosive Weapons Now Leading Cause of Child Casualties in Global Conflicts

On 10 October 2025, thousands of Palestinian families are moving along the coastal road back to northern Gaza, amid the extreme devastation of infrastructure. Credit: UNICEF/Mohammed Nateel

By Oritro Karim
UNITED NATIONS, Nov 26 2025 – Recently, global conflicts have grown increasingly brutal, with deaths and injuries caused by explosive weapons now surpassing those from previous leading causes such as malnutrition, disease, and a lack of healthcare services. As these conflicts intensify, children continue to bear the brunt of the casualties while impunity for perpetrators persists and funding gaps exacerbate the lack of critical protection services.

On November 20, Save The Children issued a report titled Children and Blast Injuries: The Devastating Impact of Explosive Weapons on Children, 2020–2025, detailing the intensifying threat of explosive weapons to children across 11 contemporary world conflicts. Drawing on clinical studies and field research, the report examines the impact of pediatric blast injuries in healthcare settings and calls on the international community to prioritize investment in prevention and recovery efforts.

“Children are paying the highest price in today’s wars – not only at the hands of armed groups, but through the actions of governments that should be protecting them,” said Narmina Strishenets, the leading author of the report and the Senior Conflict and Humanitarian Advocacy Advisor at Save the Children UK. “Missiles are falling where children sleep, play, and learn – turning the very places that should be the safest, like their homes and schools, into death traps. Actions once condemned by the international community and met with global outrage are now brushed aside as the ‘cost of war.’ That moral surrender is one of the most dangerous shifts of our time.”

The report highlights the precarious conditions in which children in war zones live. Children are uniquely vulnerable to injuries from explosive weapons, as their bodies are far less developed and resilient than adults. Additionally, healthcare, rehabilitation, and psychosocial support services are underfunded and more commonly designed with adults in consideration, leaving children disproportionately left without access to tailor-made and adequate care.

Figures from Save The Children show that children are far more likely to succumb to blast injuries than adults, particularly from head, torso, and burn injuries. Compared to adults, children under seven are roughly two times as likely to suffer from “life-limiting brain trauma.” Furthermore, approximately 65 to 70 percent of injured children received severe burns to multiple parts of their body.

“Children are far more vulnerable to explosive weapons than adults. Their anatomy, physiology, behavior, and psychosocial needs make them disproportionately affected,” said Dr. Paul Reavley, a consultant pediatric emergency physician and the co-founder of the Pediatric Blast Injury Partnership, a collaborative effort between medical personnel and Save The Children UK.

Reavley added, “Many do not survive to reach hospital, and those who do face a higher risk of death than adult civilians in any health system. They often suffer multiple severe injuries that require complex treatment and lifelong care. Yet most health responses to conflict are designed for adults, overlooking children’s distinct needs. Survivors face chronic pain, disability, psychological trauma, and stigma that can last a lifetime.”

According to the report, explosive weapons are causing unprecedented levels of harm to children as wars increasingly move toward densely populated urban areas, with these weapons accounting for a record 70 percent of nearly 12,000 children killed or injured in conflict zones last year. More than 70 percent of child deaths and injuries in war zones in 2024 resulted from explosive weapons, marking a significant increase from the 59 percent recorded between 2020-2024.

These increases highlight a shift in how children are being targeted in modern conflicts. Save the Children identified five key factors driving this change: the rise of new technologies that amplify destruction, the normalization of civilian harm in military operations, the widespread lack of accountability, the unprecedented severity of child casualties, and the long-term social costs of explosive violence.

The deadliest conflicts for children in 2024, based on deaths and life-threatening injuries, occurred in the occupied Palestinian territory, where 2,917 children were affected, followed by Sudan with 1,739 children, Myanmar with 1,261 children, Ukraine with 671 children, and Syria with 670 children. The majority of these casualties were caused by explosive weapons. Additionally, children account for roughly 43 percent of all casualties from mines and other forms of unexploded ordnance, which have plagued farmland, schools, and homes across the world for decades.

In the last two years, Save The Children has recorded a “dangerous erosion of protection norms” for children in conflict zones, with funding shortfalls and the scaling back of civilian harm mitigation and response mechanisms endangering the lives of millions of children around the world. Of the USD 1 billion pledged to mine action in 2023, only half was directed toward clearance efforts while only 6 percent supported healthcare services of victims and only 1 percent went toward mine risk education.

Save the Children is urging world leaders to stop using explosive weapons in populated areas, strengthen policies to protect children in conflict, and invest in support, research, and recovery for children affected by blast injuries.

The United Nations Children’s Fund (UNICEF) and its partners are working on the frontlines to provide essential, basic services that focus on promoting and protecting children’s health, survival and development, such as access to food, shelter, healthcare, and social support. UNICEF is also rehabilitating water and sanitation systems while distributing cash transfers to displaced families and mental health support and educational services for children in conflict zones.

UNICEF also supports survivors of explosive weapons-related violence by providing medical treatment, prosthetics, and psychosocial support services. Furthermore, the agency is collaborating with governments and civil society groups to strengthen protection services, particularly for children living with disabilities.

IPS UN Bureau Report

 


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From Access to Action — Carbon Markets Can Turn Developing Countries’ Ambitions into Realities

Local farmer ploughing a field in Indonesia. Credit: Unsplash

By Ana Carolina Avzaradel Szklo
RIO DE JANEIRO, Brazil, Nov 26 2025 – The UN climate talks at COP30 once again brought the critical issue of climate finance to the forefront of global discussions.

However, while much of the debate revolved around traditional forms of aid directed at developing countries most vulnerable to the impacts of climate change, a faster, more transformative approach lies in expanding access to carbon markets.

When emerging and developing economies (EMDEs) are equipped with the tools and knowledge needed to engage in these markets on their own terms, carbon finance can be generated and harnessed in ways that reflect their unique natural assets, governance, social contexts, and national priorities.

Achieving global climate and sustainable development goals depends on ensuring that those worst affected by climate change can fully participate in and benefit from this growing flow of finance.

EMDEs are on the frontlines of climate change — from rising sea levels threatening Pacific island nations to intensifying droughts and fires in the Amazon and Horn of Africa, and increasingly intense and frequent hurricanes in the Caribbean. These crises often hit hardest in regions that have contributed least to global emissions and in the most difficult position to react to them.

Yet, these same nations face a climate finance shortfall of $1.3 trillion per year. Carbon markets present an opportunity for these countries to bridge this gap by turning their natural advantages into climate finance assets.

Despite successful initiatives aimed at bolstering both high-integrity supply and demand for carbon credits, significant barriers to access persist, particularly for EMDEs. From fragmented policy landscapes to weak governance structures, limited institutional capacity, and low investor confidence, various obstacles prevent the vast potential of EMDEs to engage fully.

The Access Strategies Program — led by the Voluntary Carbon Markets Integrity Initiative — is a direct response to these challenges. It helps governments design and implement their own pathways into high-integrity carbon markets, enabling them to build the policies, institutional capacity, and investor confidence needed to meet their climate finance needs and transform their potential into progress.

Each country’s natural capital — from Brazil’s vast rainforest and agricultural landscapes, to the Caribbean’s blue carbon ecosystems, or Kenya’s grasslands and renewable energy potential — represents a unique competitive advantage, ready to be realised.

Simultaneously, no two countries share the same development goals or governance contexts. In some, carbon markets can drive forest conservation and biodiversity protection; while in others, they deliver the most impact by strengthening rural livelihoods or financing clean energy transitions.

The Access Strategies model recognises this uniqueness, tailoring its support to help countries use carbon finance in ways that align with their own specific economic and environmental strategies and goals.

For example, the Partnership for Agricultural Carbon (PAC) — developed with the Inter-American Institute for Cooperation on Agriculture (IICA) — is building capacity across Latin American and Caribbean agriculture ministries to participate in high-integrity carbon markets. It provides training, policy guidance, and decision-making tools that help governments and farmers identify viable carbon projects aligning with national agricultural and sustainability goals.

The collaboration has given small and medium producers a clearer route to investment, while positioning agriculture as a central player in regional climate strategies. Another example of the Access Strategies work is the recently launched Amazon Best Practices Guide, which will help Amazon state governments design and implement carbon market frameworks made specifically for their unique ecological and governance realities.

Moreover, in countries such as Kenya, Peru, and Benin, the Program has provided tailored support to develop policy and regulatory frameworks, strengthen institutional capacity, and attract responsible investment for high-priority climate mitigation projects — all in line with country-led goals.

These examples show what’s possible when governments have the tools and expertise to engage in high-integrity carbon markets on their own terms. More countries should seize this opportunity to tap into the growing flow of finance from carbon markets.

While carbon markets are not a silver bullet, they are one of the few scalable and self-sustaining tools available when grounded in integrity and tailored to each country’s needs.

Programs like Access Strategies do more than transfer technical knowledge — they build the enabling conditions for locally led action, drawing on countries’ unique ecological, social, and institutional insights to shape solutions that work in practice.

The focus of global climate action should not only be on new funding pledges, but on ensuring funding that is already available is effectively redirected for EMDEs countries to harness their own natural capital and promote social inclusion, while meeting their climate goals and reshaping their development pathway.

Building this kind of capacity is how we turn global ambition into lasting, locally owned progress, and moreover how carbon finance can become a true instrument of sustainable development.

Ana Carolina Avzaradel Szklo, Technical Director, Markets and Standards, Voluntary Carbon Markets Integrity Initiative (VCMI)

IPS UN Bureau

 


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Denodo als führender Anbieter von Softwareplattformen für die Datenintegration im IDC MarketScape ausgezeichnet

PALO ALTO, Kalifornien, Nov. 26, 2025 (GLOBE NEWSWIRE) — Denodo, ein führender Anbieter im Bereich Datenmanagement, hat bekanntgegeben, dass das Unternehmen im IDC MarketScape: Worldwide Data Integration Software Platforms 2025 Vendor Assessment (Dok.–Nr. US53001625, Oktober 2025) als „Leader“ eingestuft wurde.

Ein kostenloser Auszug mit Schwerpunkt auf Denodo ist hier verfügbar.

Der IDC MarketScape–Bericht stellt fest: „Die doppelte Herausforderung, Daten für KI bereitzustellen und KI für Daten nutzbar zu machen, treibt die rasante Transformation des Marktes für Datenintegrationssoftware voran. Das beherrschende Thema ist momentan Agentic AI, die für autonome, ereignisgesteuerte Workflows zuverlässige multimodale Datenflüsse in Echtzeit benötigt. Um diese Anforderungen zu erfüllen, gestalten Anbieter in der gesamten Branche ihre Portfolios neu und binden Automatisierung, Data–as–a–Product–Paradigmen und Governance in ihre Integrationsplattformen ein.“

Im IDC MarketScape–Bericht heißt es weiter: „Die Prioritäten der Kunden spiegeln diese Veränderungen wider. Die IDC–Studie zeigt, dass die größten Investitionen von Unternehmen in die KI–Automatisierung zur Verbesserung der Produktivität von Datenmitarbeitern und in die Datenqualität für das Training von KI–Modellen fließen. Zugleich sehen sich Datenverantwortliche in stark dezentralisierten und dynamischen Umgebungen mit Herausforderungen in Bezug auf Sicherheit, Datenschutz und Governance konfrontiert. Diese Herausforderungen spiegeln sich in den Strategien der Anbieter wider, die den Schwerpunkt auf Metadaten–basierte Erkenntnisse, Beobachtbarkeit und die Durchsetzung detaillierter Richtlinien legen. Man geht davon aus, dass sich Verbesserungen in den Bereichen Pipeline–Automatisierung, Governance und multimodale Datenbereitschaft direkt auf die Einführung und die Ergebnisse von KI auswirken werden.“

Denodo wurde im IDC MarketScape–Bericht für die folgenden Leistungen anerkannt:

  • Logisches Datenmanagement und umfassende Datenvirtualisierung: Umfangreiche Funktionen zur Integration und Bereitstellung von kontrollierten Echtzeitdaten aus heterogenen Quellen ohne obligatorische Replikation, wobei bei Bedarf eine Beschleunigung durch Caching und eine eingebettete MPP–Schicht unterstützt wird. Dadurch wird der Datenverkehr reduziert und die Zeit bis zur Lösung für domainübergreifende Analysen und KI verkürzt.
  • Einheitliche Semantik– und Richtlinienebene: Ein konsistentes, Metadaten–basiertes Modell verbindet die technische Ausrichtung mit der geschäftlichen Semantik und Tags und ermöglicht so eine zentralisierte, detaillierte Sicherheit (auf Zeilen–, Spalten– und Zellenebene mit dynamischer Maskierung) sowie Stewardship–Workflows für alle veröffentlichten Datendienste und Datenprodukte.
  • Umfassende Konnektivität und multimodale Bereitstellung: Umfangreiche Anpassungsmöglichkeiten für relationale Datenbanken, NoSQL, APIs, Dateien, Ereignisströme, Cloud–Objektspeicher und offene Tabellenformate (z. B. Delta Lake, Iceberg und Parquet) sowie native Datenproduktbereitstellung über REST, GraphQL, OData, JDBC/ODBC und SOAP für unterschiedliche Verbraucher.
  • Cloud–native Abläufe und Leistungsoptimierung: Unterstützung für Hybrid– und Multicloud–Muster, DevOps– und CI/CD–Integration, Versionskontrolle, Workload–Management, intelligente Abfragebeschleunigung und FinOps–orientierte Beobachtbarkeit unterstützen Teams dabei, den geregelten logischen Datenzugriff mit vorhersehbarer Leistung und Kosten zu skalieren.

„Die wechselseitige Abhängigkeit zwischen Daten und KI gewinnt für viele Unternehmen zunehmend an Bedeutung“, so Stewart Bond, Research VP bei IDC. „Unternehmen, die agentenbasierte, generative und prädiktive KI–Lösungen einsetzen, erkennen den Stellenwert von Metadaten–basierten Erkenntnissen, Beobachtbarkeit und detaillierter Richtlinienumsetzung. Anbieter von Datenintegrationslösungen wie Denodo, die vertrauenswürdige, kontrollierte und KI–fähige Daten in großem Umfang bereitstellen, bieten Unternehmen die Möglichkeit, zuverlässige und kontrollierte KI–Ergebnisse zu erzielen.“

„Wir sind stolz darauf, dass IDC MarketScape Denodo als führendes Unternehmen einstuft“, so Alberto Pan, CTO bei Denodo. „Denodo hat es sich zur Aufgabe gemacht, Datenverantwortlichen dabei zu unterstützen, die Herausforderungen in Bezug auf Sicherheit, Datenschutz und Governance in komplexen Datenlandschaften souverän zu meistern.“

Über IDC MarketScape:
Das IDC MarketScape–Anbieterbewertungsmodell wurde entwickelt, um einen Überblick über die Wettbewerbsfähigkeit von Technologie– und Dienstleistungsanbietern in einem bestimmten Markt zu geben. Die Studie verwendet eine strenge Bewertungsmethode, die sowohl auf qualitativen als auch auf quantitativen Kriterien basiert und zu einer einzigen grafischen Darstellung der Position jedes Anbieters auf einem bestimmten Markt führt. IDC MarketScape bietet einen klaren Rahmen, in dem die Produkt– und Serviceangebote, Fähigkeiten und Strategien sowie die aktuellen und zukünftigen Markterfolgsfaktoren der Technologieanbieter sinnvoll verglichen werden können. Dieses Rahmenwerk bietet Technologieeinkäufern außerdem eine 360–Grad–Bewertung der Stärken und Schwächen aktueller und potenzieller Lieferanten.

Über Denodo
Denodo ist ein weltweit führender Anbieter von Datenmanagementlösungen, die vertrauenswürdige KI–Agenten und –Anwendungen unterstützen. Die Denodo–Plattform, eine preisgekrönte Lösung für logisches Datenmanagement, wandelt Unternehmensdaten in zuverlässige Erkenntnisse für KI–, Analyse– und Self–Service–Anwendungen um. Weltweit nutzen Unternehmen Denodo, um im Vergleich zu herkömmlichen Data Lakehouses in einem Bruchteil der Zeit KI–fähige, geschäftsbereite Daten bereitzustellen und so eine bis zu viermal schnellere Erkenntnisgewinnung, einen ROI von 345 % und eine zehnmal bessere Leistung zu erzielen. Erfahren Sie mehr unter denodo.com.

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Denodo nommé leader des plateformes logicielles d’intégration de données par IDC MarketScape

PALO ALTO, Californie, 26 nov. 2025 (GLOBE NEWSWIRE) — Denodo, leader dans le domaine de la gestion des données, a annoncé avoir été reconnu comme leader dans le rapport IDC MarketScape: Worldwide Data Integration Software Platforms 2025 Vendor Assessment (doc # US53001625, octobre 2025).

Un extrait gratuit, consacré à Denodo, est disponible ici.

Le rapport IDC MarketScape indique : « Les impératifs simultanés consistant à préparer les données pour l’IA et à exploiter l’IA pour la gestion des données stimulent la transformation rapide du marché des logiciels d’intégration de données. L’un des thèmes centraux est l’essor de l’IA agentique, qui introduit des flux de travail autonomes et événementiels nécessitant des flux de données multimodaux fiables et en temps réel. Les fournisseurs du secteur remodèlent leurs portefeuilles pour répondre à ces exigences, en intégrant l’automatisation, les paradigmes de données en tant que produit et la gouvernance dans leurs plateformes d’intégration. »

IDC MarketScape poursuit en affirmant que « Les priorités des clients reflètent ces changements : les recherches d’IDC soulignant que les principaux investissements des organisations sont dans l’automatisation de l’IA, afin d’améliorer la productivité des travailleurs du secteur des données et la qualité des données pour la formation des modèles d’IA. Parallèlement, les responsables des données sont confrontés à des défis en matière de sécurité, de confidentialité et de gouvernance dans des environnements hautement distribués et dynamiques. Ces défis s’alignent sur les stratégies des fournisseurs, qui mettent l’accent sur l’intelligence pilotée par les métadonnées, l’observabilité et l’application fine des politiques. Les améliorations apportées à l’automatisation des pipelines, à la gouvernance et à la préparation des données multimodales devraient avoir un impact direct sur l’adoption de l’IA et ses résultats. »

Denodo a été reconnu par IDC MarketScape pour les atouts suivants :

  • Gestion logique des données et profondeur de virtualisation : forte capacité à intégrer et à fournir des données gouvernées en temps réel à partir de sources hétérogènes sans réplication obligatoire, tout en prenant en charge l’accélération grâce à la mise en cache et à une couche MPP intégrée lorsque cela est approprié. Cette approche réduit les mouvements de données et raccourcit le délai de mise en œuvre des solutions pour l’analyse interdomaines et l’IA.
  • Couche sémantique et politique unifiée : un modèle cohérent, piloté par les métadonnées, relie la lignée technique à la sémantique et aux balises métier, permettant une sécurité centralisée et granulaire (au niveau des lignes, colonnes et cellules, avec masquage dynamique), ainsi que des flux de travail de supervision sur l’ensemble des services et produits de données publiés.
  • Connectivité étendue et diffusion multimodale : large éventail d’adaptateurs pour les sources relationnelles, NoSQL, API, fichiers, flux d’événements, stockages objets cloud et formats de table ouverts (p. ex. Delta Lake, Iceberg, Parquet). Exposition native des data products via REST, GraphQL, OData, JDBC/ODBC et SOAP pour servir des profils d’utilisateurs variés.
  • Opérations cloud–native et optimisation des performances : prise en charge des architectures hybrides et multicloud, intégration DevOps et CI/CD, gestion de versions, gestion des charges, accélération intelligente des requêtes, et observabilité orientée FinOps, permettant aux équipes de faire évoluer un accès logique et gouverné aux données avec des performances et des coûts prévisibles.

« Les interdépendances entre les données et l’IA prennent une importance grandissante pour de nombreuses organisations », a déclaré Stewart Bond, vice–président de la recherche chez IDC. « Les organisations qui déploient des solutions d’IA agentique, générative et prédictive réalisent l’importance de l’intelligence basée sur les métadonnées, de l’observabilité et de l’application de politiques fines. Les fournisseurs d’intégration de données comme Denodo, qui offrent des données fiables, gouvernées et prêtes pour l’IA à grande échelle, permettent aux organisations d’obtenir des résultats d’IA dignes de confiance et conformes aux exigences de gouvernance. »

« Nous sommes honorés que l’IDC MarketScape ait désigné Denodo comme leader », a souligné Alberto Pan, directeur technique chez Denodo. « Denodo a pour mission d’aider les responsables des données à relever en toute confiance les défis liés à la sécurité, à la confidentialité et à la gouvernance dans des environnements de données complexes. »

À propos d’IDC MarketScape :
Le modèle d’analyse des fournisseurs adopté par IDC MarketScape est conçu pour fournir une vue d’ensemble de la compétitivité des fournisseurs de technologies et de services sur un marché donné. La recherche repose sur une méthodologie rigoureuse d’évaluation basée à la fois sur des critères qualitatifs et quantitatifs, qui aboutit à une illustration graphique exclusive de la position de chaque fournisseur sur un marché donné. IDC MarketScape propose un cadre clair dans lequel les offres de produits et de services, les capacités et stratégies ainsi que les facteurs de réussite sur le marché actuel et futur des fournisseurs de technologie peuvent se comparer de manière pertinente. Ce cadre fournit également aux acheteurs de technologie une évaluation à 360 degrés des forces et faiblesses des fournisseurs actuels et potentiels.

À propos de Denodo
Denodo est un leader mondial de la gestion des données, au service d’agents et d’applications d’IA fiables. La plateforme Denodo, une solution de gestion logique des données primée, transforme les données d’entreprise en informations fiables pour l’IA, l’analyse et les initiatives en libre–service. Des organisations du monde entier utilisent Denodo pour fournir des données prêtes pour l’IA et l’entreprise en un temps record par rapport aux data lakehouses traditionnels, obtenant ainsi un temps d’accès aux informations jusqu’à 4 fois plus rapide, un retour sur investissement de 345 % et des performances 10 fois supérieures. En savoir plus sur denodo.com.

Contacts médias
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South Africa’s G20 Presidency: Diplomatic Victory, but a Weak Final Declaration

UN Secretary-General António Guterres addresses the media at the G20 Summit in South Africa. Credit: UN Photo/Ropafadzo Chiradza

By Danny Bradlow
PRETORIA, South Africa, Nov 26 2025 – US president Donald Trump’s efforts to derail a successful wrap-up of the G20 summit in Johannesburg failed. Trump boycotted the meeting and the US told other countries through diplomatic channels not to sign a communiqué. Nevertheless, the 19 remaining countries and regional organisations signed a 30-page declaration.

This called for, among other things, increased funding for renewable energy projects, more equitable critical mineral supply chains and debt relief for poorer countries. Senior research fellow Danny Bradlow explains what was, and wasn’t, achieved.

In what ways was South Africa’s G20 presidency a success?

The G20 has been a great diplomatic success for South Africa in at least three ways.

First, it succeeded in leading all the other G20 countries and organisations to adopt by consensus a leaders’ declaration despite a boycott and bullying tactics by Washington.

The 120 paragraph Leaders’ Declaration covered all the issues embodied in the “Solidarity, Equality and Sustainability” theme that South Africa chose for the G20. They included:

    • • debt and access to affordable, sustainable finance

 

    • • financing for a just energy transition

 

    • • critical minerals

 

    • • inequality

 

    • • a second phase for the

Compact with Africa

    • The first phase was launched in

2017 during Germany’s G20 presidency

    • and provided a framework for Africa’s engagement with its development partners.

 

    • • illicit financial flows

 

    • inclusive growth.

Second, South Africa succeeded in launching a number of initiatives over the course of the year.

Firstly, the G20 acknowledged South Africa’s five years of support for the establishment of an African Engagement Framework within the G20’s finance track. It is intended to support enhanced cooperation between Africa and the G20.

Secondly, leaders expressed support, in various ways, for the G20 working group initiatives on illicit financial flows, infrastructure, air quality, artificial intelligence, sustainable development and public health. The ministerial declaration on debt was also supported. This includes reforms around initiatives supporting low and middle income countries facing debt challenges.

Thirdly, the Ubuntu Legacy Initiative was launched. This is designed to fund cross-border infrastructure in Africa. It was also agreed that an Ubuntu Commission will be set up to encourage research and dialogue on dealing cooperatively with global challenges. Ubuntu can be explained with reference to the isiZulu saying ‘umuntu ngumuntu ngabantu’ which means ‘a person is a person through other people.’ It entails an ethics of care, compassion and cooperation.

Lastly, South Africa succeeded in delivering an effective, efficient and constructive G20 year. This is no small feat. It required the country to organise more than 130 meetings of G20 working groups, task forces and ministerial meetings, in addition to the leaders’ summit.

Is this only a good news story?

It is inevitable that any complex, multifaceted and voluntary process involving participants with strong and contrasting views will not be an unqualified success.

This, without doubt, is the case with South Africa’s G20 year. The environment was complicated by a number of factors:

    • • the wars in Gaza, Ukraine and Sudan

 

    • • the actions of the US and some of its allies to undermine the international community’s efforts to address the intertwined challenges of climate, biodiversity, energy, poverty, inequality, food insecurity, debt, technology and development, and

 

    • trade wars initiated by Trump imposing tariffs on trading partners.

These factors meant that getting the diverse membership of the G20 to reach agreement on a broad range of complex issues would be extremely difficult. In fact, it would only be possible to do so at a high level of abstraction.

Unfortunately, this proved to be the case. The result is that the G20 Leaders’ Declaration largely boils down to a set of general statements that are almost totally devoid of commitments for which states can be held accountable. Such general statements are not uncommon in the diplomatic statements issued at the end of high-level multilateral meetings. However, this is an extreme example.

The leaders expressed their support for a number of voluntary principles on issues such as disaster relief, artificial intelligence, critical minerals and debt. They also expressed support for the work of organisations like the multilateral development banks and the International Monetary Fund, and for some specific South African led initiatives like the review of the G20 itself.

However, there are no time frames or deliverables attached to these expressions of support.

What needs to be done to make the declaration effective?

The G20 is a voluntary association with no binding authority. The declaration’s efficacy therefore ultimately depends on all the G20’s stakeholders both taking – and advocating – for action on the issues raised in it.

These stakeholders include states and non-state actors like international organisations, businesses and civil society organisations.

The value of the declaration is how both the state and non-state actors use it to advocate for action. That can be in future G20 meetings as well as other regional and international forums.

How can the declaration be used to lead to action?

One of the biggest challenges facing African countries is debt. Over 20 are either in debt distress or at high risk of debt distress. Many African countries are being forced to choose between servicing their debts and investing in the development and climate resilience of their own populations.

The challenge that this creates for African states is exacerbated by their limited access to affordable, predictable and sustainable sources of development finance.

This means that African countries are unlikely to gain a sustainable path to reaching their development and climate goals without substantial action on debt and development finance. The Leaders’ Declaration, in paragraphs 14-22, clearly recognises the challenge. Key elements include:

    • • the endorsement of

the statement

    • their finance minister and central bank governors made on debt sustainability

 

    • • a reiteration of the support for the

Common Framework

    • for dealing with low-income countries in debt distress. The framework establishes a process for dealing with the official and commercial debt. But the process has proven to be too slow and cumbersome.

 

    • • a commitment to working with the

Global Sovereign Debt Roundtable

    to explore better ways to meet the needs of debtor countries in distress and their creditors. This roundtable establishes an informal mechanism that brings together creditors and debtors and other stakeholders in sovereign debt to discuss ways to improve restructuring processes.

But these will be just empty words unless the endorsements are turned into action.

There are three actions that stakeholders can take.

First, African leaders can form a regional borrowers’ forum to discuss the debt issue and share information on their experiences dealing with creditors and on developing common African positions on development finance and debt. This would build on the work done by:

    • • the African Expert Panel appointed by South African president Cyril Ramaphosa, and

 

    • the African finance ministers under the auspices of the African Union and the UN Economic Commission on Africa.

They can also use this forum to engage in open discussions with African non-state actors.

Second, African non-state actors can develop strategies for holding the leaders accountable if they fail to follow up on the declaration. And they can hold creditors accountable for their actions in their negotiations with African debtors in distress.

Third, African non-state actors should initiate a review of how the IMF needs to reform its operational policies and practices. Africa has eloquently advocated for greater African voice and vote in IMF governance. The next step should be to explore how the substantial changes that have taken place in the scope of IMF operations can be translated into operational practices. These include the macroeconomic impacts of climate, gender and inequality.

Daniel D. Bradlow is Professor/Senior Research Fellow, Centre for the Advancement of Scholarship, University of Pretoria

IPS UN Bureau

 


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Continued Inaction Despite G20 Report on Worsening Inequality

By Jomo Kwame Sundaram and Kuhaneetha Bai Kalaicelvan
KUALA LUMPUR, Malaysia, Nov 26 2025 – Although inequality among countries still accounts for a far greater share of income inequality worldwide than national-level inequalities, discussions of inequality continue to focus on the latter.

Jomo Kwame Sundaram

South African initiative
The G20 Extraordinary Committee of Independent Experts on Global Inequality, chaired by Nobel laureate Joseph Stiglitz, was commissioned by South Africa’s 2025 presidency of the G20, the group of the world’s twenty largest national economies.

South Africa (SA) and Brazil, the previous G20 host, have long had the world’s highest national-level inequalities. However, their current governments have led progressive initiatives for the Global South.

Although due to take over the G20 presidency next year, US President Trump refused to participate in this year’s summit, inter alia, because of alleged SA oppression of its White minority.

Inequality growing faster
The G20 report utilises various measures to show the widening gap between the rich and the poor.

National-level inequality is widespread: 83% of countries, with 90% of the world’s population, have high Gini coefficients of income inequality above 40%.

While income inequality worldwide is very high, with a Gini coefficient of 61%, it has declined slightly since 2000, primarily due to China’s economic growth.

K Kuhaneetha Bai

Meanwhile, wealth concentration has continued. Wealth inequality is even greater than income inequality, with the richest 10% owning 74% of the world’s assets.

The average wealth of the richest 1% grew by $1.3 million from 2000, accounting for 41% of new wealth by 2024! Private wealth has risen sharply since 2000, while public assets have declined.

Besides income and wealth, the report reviews other inequalities, including health, education, employment, housing, environmental vulnerability, and even political voice.

Such inequalities, involving class, gender, ethnicity, and geography, often ‘intersect’. The promise of equal opportunity is rarely meaningful, as most enjoy limited social mobility options.

The report thus serves as the most comprehensive and accessible review of various dimensions of economic inequality available.

Harmful effects
The G20 report condemns ‘extreme inequality’ for its adverse economic, political, and social consequences.

Inadequate income typically means hunger, poor nutrition and healthcare. Economies underperform, unable to realise their actual potential.

Inequality, including power imbalances, influences resource allocation. Such disparities enhance the incomes of the rich, often at the expense of working people.

Natural resources typically enrich owners while undermining environmental sustainability and social well-being.

The report argues that economic inequality inevitably involves political disparities, as the rich are better able to buy influence.

New rules and policies favour the rich and powerful, increasing inequalities and undermining national and worldwide economic performance.

High inequality, due to rules favouring the wealthy, also undermines public trust in institutions. The declining influence of the middle class threatens both economic and political stability, especially in the West.

Drivers of inequality
The report argues that public policy can address inequalities by influencing how market incomes are initially distributed and how taxes and transfers redistribute them.

Market income distribution is determined by asset distribution (mediated by finance, skills, and social networks) and among labour, capital, and rents. Returns to shareholders are prioritised over other claims.

Increased inequality in recent decades is attributed to weakened equalising policies, or ‘equilibrating forces’, and stronger ‘disequilibrating forces’, including wealth inheritance.

New economic policies over recent decades have favoured the wealthy by weakening labour via market deregulation and restricting trade unions.

Tax systems have become less progressive with the shift from direct to indirect taxes, lowering taxes paid by large corporations and the wealthy. Fiscal austerity has exacerbated the situation, especially for the vulnerable.

Financial deregulation has also generated more instability, triggering crises, with ‘resolution’ usually favouring the influential.

Privatisation of public services has also favoured the well-connected, at the expense of the public, consumers, and labour.

International governance
International economic and legal institutions have also shaped inequality.

More international trade and capital mobility have lowered wages, increased income disparities and job insecurity, and weakened workers’ bargaining power.

Liberalising financial flows has favoured wealthy creditors over debtors, worsening financial volatility and sovereign debt crises.

International inequalities have adverse cross-border effects, especially for the environment and public health. Overconsumption and higher greenhouse gas emissions by the rich significantly worsen planetary heating.

International health inequalities have been worsened by stronger transnational intellectual property rights and increased profits at the expense of poorer countries.

International tax agreements have enabled the wealthy, including transnational corporations, to pay less than those less fortunate. Meanwhile, Oxfam reported that the top one per cent in the Global North drained the South at a rate of $30 million per hour.

Inaction despite consensus?
The report claims a new analytical consensus that inequality is detrimental to economic progress, and reducing inequality is better for the economy.

Inequality is attributed to policy choices reflecting moral choices and economic trade-offs. It argues that combating inequality is both desirable and feasible.

Recent research from the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD) has criticised growing national inequalities.

However, there is no evidence of serious efforts by the G20, IMF, and OECD to reduce inequalities, especially inter-country, particularly between North and South.

IPS UN Bureau

 


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