Economy Archive

  • The African Union Conference of Ministers of Trade held in Addis Ababa, Ethiopia, from the 1st – 5th December 2014, called upon the Pan African Quality Institutions (PAQI) to adopt the year 2017 as the African Year of Quality Infrastructure. The decision was made in recognition of the efforts that Africa has made towards improving its quality infrastructure and to cultivate a culture of collective responsibility in building a sound quality infrastructure amongst African countries. The decision was made in recognition of the efforts that Africa has made towards improving its quality infrastructure and to cultivate a culture of collective responsibility in building a sound quality infrastructure amongst African countries. As Africa welcomes the year 2017, PAQI ; comprising of, the African Accreditation Cooperation (AFRAC), the Intra-Africa Metrology System (AFRIMETS), the African Electro technicalStandardisation Commission (AFSEC) and the African Organisation for Standardisation(ARSO),encouragesall quality infrastructure players on the African continenttoorganise,support and […]

    Africa commemorates 2017 as African Year of Quality Infrastructure

    The African Union Conference of Ministers of Trade held in Addis Ababa, Ethiopia, from the 1st – 5th December 2014, called upon the Pan African Quality Institutions (PAQI) to adopt the year 2017 as the African Year of Quality Infrastructure. The decision was made in recognition of the efforts that Africa has made towards improving its quality infrastructure and to cultivate a culture of collective responsibility in building a sound quality infrastructure amongst African countries. The decision was made in recognition of the efforts that Africa has made towards improving its quality infrastructure and to cultivate a culture of collective responsibility in building a sound quality infrastructure amongst African countries. As Africa welcomes the year 2017, PAQI ; comprising of, the African Accreditation Cooperation (AFRAC), the Intra-Africa Metrology System (AFRIMETS), the African Electro technicalStandardisation Commission (AFSEC) and the African Organisation for Standardisation(ARSO),encouragesall quality infrastructure players on the African continenttoorganise,support and […]

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  • Kick-start of new “Skills Initiative for Africa”, to create jobs and income opportunities for Africa’s youth The growing extent of youth unemployment poses a fundamental challenge for the whole of Africa. In total, around 60 percent of the unemployed are under the age of 25 and young women are especially affected. It is against this backdrop that the Skills Initiative for Africa promotes occupational prospects of young Africans through the support of innovative skills development programs and a close cooperation with the private sector. It is in response to this huge challenge that the African Union Commission and the Federal Ministry for Economic Cooperation and Development (BMZ), initiated the Skills Initiative for Africa. Execution of this programme is being undertaken by the NEPAD Agency with support from the Deutsche Gesellschaft für Internationale and Zusammenarbeit (GIZ) GmbH and KfW Development Bank. Its goal is to strengthen the occupational prospects of young […]

    Skills Initiative for Africa to create jobs and income opportunities for Africa’s youth

    Kick-start of new “Skills Initiative for Africa”, to create jobs and income opportunities for Africa’s youth The growing extent of youth unemployment poses a fundamental challenge for the whole of Africa. In total, around 60 percent of the unemployed are under the age of 25 and young women are especially affected. It is against this backdrop that the Skills Initiative for Africa promotes occupational prospects of young Africans through the support of innovative skills development programs and a close cooperation with the private sector. It is in response to this huge challenge that the African Union Commission and the Federal Ministry for Economic Cooperation and Development (BMZ), initiated the Skills Initiative for Africa. Execution of this programme is being undertaken by the NEPAD Agency with support from the Deutsche Gesellschaft für Internationale and Zusammenarbeit (GIZ) GmbH and KfW Development Bank. Its goal is to strengthen the occupational prospects of young […]

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  • Karsten Weitzenegger is an Associate of SEEDwork, the expert association for sustainable economic development and employment. Please visit my profile at http://www.seedwork.net/profile/karsten-weitzenegger SEEDwork is a registered non-profit association composed of professionals with long-standing experience in technical and financial development cooperation. The purpose of the association is the promotion of societal and economic development in developing and threshold countries. SEEDwork focuses on sustainable growth, decent work, and the promotion of international cooperation in this regard. “Growth – Income – Social Inclusion” We promote economic development and employment in a range of different areas. In many cases, reforms in the financial sector are necessary to establish transparency for investors or to provide individuals and micro, small and medium enterprises (MSMEs) with funding. This may especially apply to micro-credits for the small entities. Therefore, we link existing and would-be entrepreneurs to financing institutions. Regarding sustainable business development we use value chain analyses as […]

    Weitzenegger joins SEEDwork Sustainable Economic Development and Employment

    Karsten Weitzenegger is an Associate of SEEDwork, the expert association for sustainable economic development and employment. Please visit my profile at http://www.seedwork.net/profile/karsten-weitzenegger SEEDwork is a registered non-profit association composed of professionals with long-standing experience in technical and financial development cooperation. The purpose of the association is the promotion of societal and economic development in developing and threshold countries. SEEDwork focuses on sustainable growth, decent work, and the promotion of international cooperation in this regard. “Growth – Income – Social Inclusion” We promote economic development and employment in a range of different areas. In many cases, reforms in the financial sector are necessary to establish transparency for investors or to provide individuals and micro, small and medium enterprises (MSMEs) with funding. This may especially apply to micro-credits for the small entities. Therefore, we link existing and would-be entrepreneurs to financing institutions. Regarding sustainable business development we use value chain analyses as […]

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  • GIZ Programme Support for Economic Cooperation in Sub-Regional Initiatives in Asia GIZ SCSI facilitates two Trainings for GTI in Beijing and Ulaanbaatar From September 22-23, SCSI hosted a training in Beijing to enhance the communication capacity for the Secretariat of the Greater Tumen Initiative (GTI). Participants that attended the workshop included GTI Secretariat staff, as well as representatives of the Chinese Ministry of Commerce and the Russian Federation’s Trade Mission. As successful regional economic cooperation within the Greater Tumen Region depends on effective communication between national focal points and the GTI Secretariat, SCSI invited trainer Karsten Weitzenegger to mentor the workshop and to present participants with a broad range of communication tools. After assessing the challenges of communications among the GTI Secretariat, the National Coordinators and other stakeholders, the participants actively engaged in elaborating new concepts to take effective measures towards building communication capacity. From September 26-27, a training on […]

    Capacity Building for Cooperation in in North-East Asia

    GIZ Programme Support for Economic Cooperation in Sub-Regional Initiatives in Asia GIZ SCSI facilitates two Trainings for GTI in Beijing and Ulaanbaatar From September 22-23, SCSI hosted a training in Beijing to enhance the communication capacity for the Secretariat of the Greater Tumen Initiative (GTI). Participants that attended the workshop included GTI Secretariat staff, as well as representatives of the Chinese Ministry of Commerce and the Russian Federation’s Trade Mission. As successful regional economic cooperation within the Greater Tumen Region depends on effective communication between national focal points and the GTI Secretariat, SCSI invited trainer Karsten Weitzenegger to mentor the workshop and to present participants with a broad range of communication tools. After assessing the challenges of communications among the GTI Secretariat, the National Coordinators and other stakeholders, the participants actively engaged in elaborating new concepts to take effective measures towards building communication capacity. From September 26-27, a training on […]

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  • Culemborg, 26 September 2016 – This year WFTO observes Global Anti-Poverty Week (16-22 October 2016) by promoting the 10 Principles of Fair Trade as means to eradicate poverty as desired by the first goal of the 17 Sustainable Development Goals – NO POVERTY. WFTO believes that the principles of Fair Trade are effective overarching tools to fight poverty. Using the concept of ‘Agent for Change’ (Fair Trade as an agent for change), WFTO’s formula to eradicate poverty: Fair Trade + Economic Opportunities = No Poverty Fair Trade is a tangible contribution to the fight against poverty, climate change and global economic crises. The World Bank reports that more than one billion people still live at or below $1.25 a day.1 The World Fair Trade Organization (WFTO) believes that trade must benefit the most vulnerable and deliver sustainable livelihoods by developing opportunities especially for small and disadvantaged producers. Recurring global economic […]

    Fair Trade = no poverty! WFTO promotes 10 Principles of Fair Trade #FairTradeBreaksPoverty

    Culemborg, 26 September 2016 – This year WFTO observes Global Anti-Poverty Week (16-22 October 2016) by promoting the 10 Principles of Fair Trade as means to eradicate poverty as desired by the first goal of the 17 Sustainable Development Goals – NO POVERTY. WFTO believes that the principles of Fair Trade are effective overarching tools to fight poverty. Using the concept of ‘Agent for Change’ (Fair Trade as an agent for change), WFTO’s formula to eradicate poverty: Fair Trade + Economic Opportunities = No Poverty Fair Trade is a tangible contribution to the fight against poverty, climate change and global economic crises. The World Bank reports that more than one billion people still live at or below $1.25 a day.1 The World Fair Trade Organization (WFTO) believes that trade must benefit the most vulnerable and deliver sustainable livelihoods by developing opportunities especially for small and disadvantaged producers. Recurring global economic […]

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  • Trade and investment can be drivers of inclusive growth for sustainable development in Africa, says the ILO’s Deputy Director-General for Field Operations and Partnerships, Gilbert Houngbo, at UNCTAD 14 in Nairobi but calls for more integrated policies to realize that potential. By Gilbert Houngbo, Deputy Director for Field Operations and Partnerships, the International Labour Organization (ILO). Africa’s rapidly growing workforce needs decent work. Increased trade and investment can help drive inclusive growth for sustainable development but we need more integrated policies to realize that potential. It could prove vital for the creation of decent jobs, especially for millions of young Africans, and this is the message that the ILO is bringing to the 14th United Nations Conference on Trade and Development  (UNCTAD 14) being held from 17 to 22 July in Nairobi, Kenya. How to translate decisions into actions after the adoption of the 2030 Agenda for Sustainable Development ? That’s […]

    UNCTAD 14: Policy coherence needed to turn trade into an engine for growth in Africa

    Trade and investment can be drivers of inclusive growth for sustainable development in Africa, says the ILO’s Deputy Director-General for Field Operations and Partnerships, Gilbert Houngbo, at UNCTAD 14 in Nairobi but calls for more integrated policies to realize that potential. By Gilbert Houngbo, Deputy Director for Field Operations and Partnerships, the International Labour Organization (ILO). Africa’s rapidly growing workforce needs decent work. Increased trade and investment can help drive inclusive growth for sustainable development but we need more integrated policies to realize that potential. It could prove vital for the creation of decent jobs, especially for millions of young Africans, and this is the message that the ILO is bringing to the 14th United Nations Conference on Trade and Development  (UNCTAD 14) being held from 17 to 22 July in Nairobi, Kenya. How to translate decisions into actions after the adoption of the 2030 Agenda for Sustainable Development ? That’s […]

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  • Berlin, 07/20/2016 – Banks and insurers can play a crucial part in stabilizing the climate, while at the same time safeguarding their clients’ assets. Leading representatives of finance and climate research will discuss the best strategies for a turnaround in investing this Thursday in Berlin. The event is hosted by the Swiss global bank UBS, the French multinational insurance firm AXA, CDP, the European innovation initiative Climate-KIC, Humboldt-Universität zu Berlin and the Potsdam Institute for Climate Impact Research (PIK). Divestment – the diversion of capital from fossil fuel industries to green innovation and sustainable businesses – is a new approach to reducing greenhouse-gas emissions, which could turn out to be a global “game changer”. The Great Investment Turnaround: how to finance a sustainable world economy Already today, investments of billions of Euros are being redirected. Pioneered by students of wealthy US universities, divestment has reached financial big shots like Allianz […]

    How to Finance a Sustainable World Economy

    Berlin, 07/20/2016 – Banks and insurers can play a crucial part in stabilizing the climate, while at the same time safeguarding their clients’ assets. Leading representatives of finance and climate research will discuss the best strategies for a turnaround in investing this Thursday in Berlin. The event is hosted by the Swiss global bank UBS, the French multinational insurance firm AXA, CDP, the European innovation initiative Climate-KIC, Humboldt-Universität zu Berlin and the Potsdam Institute for Climate Impact Research (PIK). Divestment – the diversion of capital from fossil fuel industries to green innovation and sustainable businesses – is a new approach to reducing greenhouse-gas emissions, which could turn out to be a global “game changer”. The Great Investment Turnaround: how to finance a sustainable world economy Already today, investments of billions of Euros are being redirected. Pioneered by students of wealthy US universities, divestment has reached financial big shots like Allianz […]

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  • OECD Development Co-operation Report 2016 The face of development has changed, with diverse stakeholders involved – and implicated – in what are more and more seen as global and interlinked concerns. At the same time, there is an urgent need to mobilise unprecedented resources to achieve the ambitious Sustainable Development Goals (SDGs). The private sector can be a powerful promotor of sustainable development. Companies provide jobs, infrastructure, innovation and social services, among others. Increasingly, investments in developing countries – even in the least developed countries – are seen as business opportunities, despite the risks involved. The public sector can leverage the private sector contribution, helping to manage risk and providing insights into effective policy and practice. Yet in order to set the right incentives, a better understanding is needed of the enabling factors, as well as the constraints, for businesses and investors interested in addressing sustainable development challenges. The Development […]

    The Sustainable Development Goals as Business Opportunities

    OECD Development Co-operation Report 2016 The face of development has changed, with diverse stakeholders involved – and implicated – in what are more and more seen as global and interlinked concerns. At the same time, there is an urgent need to mobilise unprecedented resources to achieve the ambitious Sustainable Development Goals (SDGs). The private sector can be a powerful promotor of sustainable development. Companies provide jobs, infrastructure, innovation and social services, among others. Increasingly, investments in developing countries – even in the least developed countries – are seen as business opportunities, despite the risks involved. The public sector can leverage the private sector contribution, helping to manage risk and providing insights into effective policy and practice. Yet in order to set the right incentives, a better understanding is needed of the enabling factors, as well as the constraints, for businesses and investors interested in addressing sustainable development challenges. The Development […]

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  • Development funding is increasingly being channelled through Development Finance Institutions. These national institutions are particularly solicited when using development aid money to free up further investment, known as leveraging. When used well, these tools have the potential to allow sectors of developing countries’ economies that wouldn’t otherwise attract investment to strengthen and expand. However, this joint TUDCN-CPDE research paper highlights a number of alarming shortfalls in how these institutions operate that can seriously undermine international development goals. This new report, entitled ‘The development effectiveness of supporting the private sector with ODA funds’ examined nine Development Finance Institutions (DFIs). It is jointly produced by the CSO Partnership for Development Effectiveness (CPDE) and the TUDCN. Five case studies (available below) provided a background for the study which found that DFI practice is lacking in three vital areas: Ownership Ownership has been repeatedly highlighted as a fundamental pillar of development. In spite of […]

    The development effectiveness of Development Finance Institutions

    Development funding is increasingly being channelled through Development Finance Institutions. These national institutions are particularly solicited when using development aid money to free up further investment, known as leveraging. When used well, these tools have the potential to allow sectors of developing countries’ economies that wouldn’t otherwise attract investment to strengthen and expand. However, this joint TUDCN-CPDE research paper highlights a number of alarming shortfalls in how these institutions operate that can seriously undermine international development goals. This new report, entitled ‘The development effectiveness of supporting the private sector with ODA funds’ examined nine Development Finance Institutions (DFIs). It is jointly produced by the CSO Partnership for Development Effectiveness (CPDE) and the TUDCN. Five case studies (available below) provided a background for the study which found that DFI practice is lacking in three vital areas: Ownership Ownership has been repeatedly highlighted as a fundamental pillar of development. In spite of […]

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  • ILO: Labour market policies in Latin America must be reoriented to protect social achievements and address productivity gaps At a time when governments in the region face the dual challenges of creating quality jobs and safeguarding achievements in social inclusion and work quality, an ILO report highlights the need for a new approach based on active labour market policies to address the current economic slowdown. Lima, 21 June 2016 (ILO) – The International Labour Organization (ILO) has urged Latin American countries to carry out a “strategic reorientation” of their labour market policies in order to increase productivity and to address rising unemployment and informality resulting from the economic slowdown. The report in Spanish A report warns that “the achievements made since the 2000s, in terms of social inclusion and work quality have stalled and are even beginning to reverse,” which can lead to a dangerous “structural stagnation” in labour markets […]

    ILO calls for reorientation of Latin American labour market policies

    ILO: Labour market policies in Latin America must be reoriented to protect social achievements and address productivity gaps At a time when governments in the region face the dual challenges of creating quality jobs and safeguarding achievements in social inclusion and work quality, an ILO report highlights the need for a new approach based on active labour market policies to address the current economic slowdown. Lima, 21 June 2016 (ILO) – The International Labour Organization (ILO) has urged Latin American countries to carry out a “strategic reorientation” of their labour market policies in order to increase productivity and to address rising unemployment and informality resulting from the economic slowdown. The report in Spanish A report warns that “the achievements made since the 2000s, in terms of social inclusion and work quality have stalled and are even beginning to reverse,” which can lead to a dangerous “structural stagnation” in labour markets […]

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  • African nations increasingly embrace cash transfers to combat the continent’s cycle of poverty WASHINGTON D.C., United States of America, June 8, 2016/ — Programs designed to alleviate hunger and increase food supply through cash transfers to some of Zambia’s poorest families achieved those goals and more, final evaluations conducted by the American Institutes for Research (AIR) (http://www.AIR.org) revealed. Overall, researchers found that a cash-transfer program geared toward families with at least one young child had effects that amounted to a net benefit of 1.5 kwacha—Zambia’s currency— for each kwacha transferred. A second program for households with fewer able-bodied people to farm had effects that amounted to a net benefit of 1.68 kwacha for each kwacha transferred. Besides eating more meals and building more reliable food reserves, families used the money to improve their housing, buy additional necessities for their children, acquire more livestock and reduce debt. The studies, commissioned by […]

    Cash Transfer Programs Succeed for Zambia’s Poor, Offer Lessons for Battling African Poverty, AIR Finds

    African nations increasingly embrace cash transfers to combat the continent’s cycle of poverty WASHINGTON D.C., United States of America, June 8, 2016/ — Programs designed to alleviate hunger and increase food supply through cash transfers to some of Zambia’s poorest families achieved those goals and more, final evaluations conducted by the American Institutes for Research (AIR) (http://www.AIR.org) revealed. Overall, researchers found that a cash-transfer program geared toward families with at least one young child had effects that amounted to a net benefit of 1.5 kwacha—Zambia’s currency— for each kwacha transferred. A second program for households with fewer able-bodied people to farm had effects that amounted to a net benefit of 1.68 kwacha for each kwacha transferred. Besides eating more meals and building more reliable food reserves, families used the money to improve their housing, buy additional necessities for their children, acquire more livestock and reduce debt. The studies, commissioned by […]

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  • The World Trade Organisation (WTO) has released a new study focusing on SMEs’ lack of access to trade finance, providing a list of recommendations to address the gap. WTO Director-General Roberto Azevêdo has issued a call for action to help close the gaps in the availability of trade finance that affect the trade prospects of small and medium-sized enterprises (SMEs), particularly in Africa and Asia. In a new WTO publication, “Trade Finance and SMEs: bridging the gaps in provision”, which examines the problem and looks into possible solutions, DG Azevêdo says that easing the supply of credit could have a big impact in helping small businesses grow and in supporting the development of the poorest countries. The WTO’s strategy focuses on three fronts: firstly, encouraging global financial institutions to stay engaged, ensuring that regulations are not prohibitive; then, enhancing local financial institutions’ capacity to supply trade finance to SMEs; finally, […]

    Trade finance and SMEs – Bridging the gaps in provision

    The World Trade Organisation (WTO) has released a new study focusing on SMEs’ lack of access to trade finance, providing a list of recommendations to address the gap. WTO Director-General Roberto Azevêdo has issued a call for action to help close the gaps in the availability of trade finance that affect the trade prospects of small and medium-sized enterprises (SMEs), particularly in Africa and Asia. In a new WTO publication, “Trade Finance and SMEs: bridging the gaps in provision”, which examines the problem and looks into possible solutions, DG Azevêdo says that easing the supply of credit could have a big impact in helping small businesses grow and in supporting the development of the poorest countries. The WTO’s strategy focuses on three fronts: firstly, encouraging global financial institutions to stay engaged, ensuring that regulations are not prohibitive; then, enhancing local financial institutions’ capacity to supply trade finance to SMEs; finally, […]

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