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rockefellersfundedfeminism-blog · 6 years ago

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Male Privilege Is A Myth

1) Women in their 20s without children out-earn men by as much as $1.08 to every dollar, according to some estimates.

Source: http://www.forbes.com/sites/realspin/2014/02/24/childless-women-in-their-twenties-out-earn-men-so/#6ebdd0c6bb05

2) Women are treated better in all aspects of the legal system. Men receive sentences that are 63% higher, on average, than their female counterparts for same crimes, study says.

Source: http://www.huffingtonpost.com/2012/09/11/men-women-prison-sentence-length-gender-gap_n_1874742.html

Source: http://beforeitsnews.com/crime-all-stars/2016/01/are-women-treated-better-than-men-in-criminal-cases-2455676.html

3) 93% of the prison population is made up of males but only 7% of inmates are female.

Source: http://www.crimemuseum.org/crime-library/prison-population-statistics

4) Women make more than half of the U.S workforce.

Source: http://dpeaflcio.org/professionals/professionals-in-the-workplace/women-in-the-professional-and-technical-labor-force

Source: https://www.dol.gov/wb/stats/latest_annual_data.htm

5) Men are 71% of the homeless.

Source: http://www.telegraph.co.uk/men/thinking-man/11787304/Homelessness-is-a-gendered-issue-and-it-mostly-impacts-men.html

6) Male deaths represent 79% of all US suicides. 22 veterans take their own lives each day. Men accounted for 83% of the veterans in the study and all but 124 of the suicides. They were three times more likely than women to take their own lives.

Source: http://www.forbes.com/sites/alicegwalton/2012/09/24/the-gender-inequality-of-suicide-why-are-men-at-such-high-risk/#7b77d1922f39

Source: http://www.latimes.com/nation/la-na-veteran-suicide-20150115-story.html

7) Men are 99.99% of American combat deaths and casualties (historically)

Source: http://thewall-usa.com/information.asp

Source: http://thewall-usa.com/women.asp

8) Men are 76.8% of all homicide victims.

Source: www.bjs.gov/content/pub/pdf/htus8008.pdf

9) Women dominate the ranks of college graduates.

Source: http://fabiusmaximus.com/2009/07/07/women

10) Women twice as likely to be hired for academic posts as men, especially when it comes to STEM

Source: http://www.rsc.org/chemistryworld/2015/04/women-twice-likely-be-hired-men-academic-posts

Source: http://www.sciencemag.org/careers/2015/04/stem-study-women-twice-likely-be-hired-comparably-qualified-men

11) Males accounted for 93% of all occupational deaths.

Source: http://www.cdc.gov/mmwr/preview/mmwrhtml/mm5016a4.htm

Source: http://www.bls.gov/iif/oshwc/cfoi/cfch0005.pdf

12) Females receive primary custody 68-88% of the time.

Source: http://www.huffingtonpost.com/robert-hughes/are-custody-decisions-bia_b_870709.html

13) Women control 60% of the wealth in the United States

Source: http://www.forbes.com/sites/work-in-progress/2010/07/28/women-making-economic-strides-and-not-slowing-down

14) Top female models earn about 20 times what a top male models earn.

Source: http://fortune.com/2015/07/15/male-models-pay

15) Number of Fortune 500 women CEOs reaches historic high

Source: http://fortune.com/2014/06/03/number-of-fortune-500-women-ceos-reaches-historic-high

16) Women get every veteran's benefit a man does, yet comprise less than 3% of combat deaths or casualties.

Source: http://www.defenselink.mil/news/Dec2003/200312225a.jpg

Source: http://journalistsresource.org/wp-content/uploads/2013/01/nps49-051810-06.pdf

17) Despite men's need being arguably greater than women, government spending to help women is 10 to 100 times greater than that to help men. In 2009/2010 it was $1.5 million toward men and $57 million toward women.

Source: https://www.reddit.com/r/OneY/comments/i2i06/crosspost_from_requality_i_just_did_a_little/c20d8q8

18) Female-owned businesses get free government money for literally no reason other than being a woman.

Source: http://reason.com/archives/2004/07/01/confessions-of-a-woman-owned-b

19) About 29% of America's business owners are women, that’s up from 26% in 1997. The number of women-owned firms has grown 68% since 2007, compared with 47% for all businesses.

Source: http://www.theatlantic.com/business/archive/2015/04/women-are-owning-more-and-more-small-businesses/390642

20) It is legal to circumcise male babies against their will. In some places, laws have been passed which forbid any attempts to make male circumcision illegal. Meanwhile, female circumcision is completely illegal.

21) A 2014-2015 Prudential survey found that 65% of women, who are the primary breadwinners in their families, manage household finances by themselves.

Source: http://www.gobankingrates.com/personal-finance/women-taking-over-family-finances-men

22) Men pay more than women on auto insurance.

Source: http://www.autoinsurance.org/why-do-men-pay-more-than-women-on-auto-insurance

23) Women live longer than men.

24) More women are taking the reins on their finances, holding 60% of all personal wealth and 51% of all stocks in the U.S., according to Virginia Tech. In the office, 1.3 million are cashing in a cool $100,000-plus annually and running 40% of all private American businesses, according to marketing site She-conomy.

Source: http://www.businessinsider.com.au/infographic-women-control-the-money-in-america-2012-2

25) Women make 88% of all retail purchases, women start 70% of new businesses, women make 80% of travel decisions, women make or influence 85% of auto purchases, women make 80% of all healthcare decisions, women make 80% of all clothing purchases, women make 80% of all family decisions, women sign 80% of all checks, women purchase 61% of all major home repair projects, women control 75% of household finances, women make 95% of purchase decisions for the household.

Source: http://www.siouxfallswoman.net/#!services/c1a0a

26) While there are statistically more boy geniuses than girl geniuses, far more boys than girls are found at the very bottom of the academic ranks. “Girls outperform boys in elementary school, middle school, high school, and college, and graduate school,” says Dr. Michael Thompson. “[Girls] tend to dominate the landscape academically right now,” says Principal Peter Badalament, even in math and science. The school's advanced placement classes, which admit only the most qualified students, are often 70% to 80% girls. Campuses are now nearly 60% female, with women earning 170,000 more bachelor degrees each year than men. Women are streaming into business schools and medical schools, and will be the majority at the nation's law schools. At some colleges, they're getting so many more qualified women applicants than men applicants that the schools are doing something that might shock you.

Source: http://www.cbsnews.com/news/the-gender-gap-boys-lagging

27) Since the 1900s we’ve had 40 female governors, 12 secretaries of state, 55 state lieutenant governors, 46 female senators, 30 female cabinet secretaries and 52 female state Supreme Court justices. Nearly 300 women have since served in the House of Representatives. In 2015, women hold 104, or 19.4%, of the 535 seats in the 114th U.S. Congress - 20, or 20.0%, of the 100 seats in the Senate and 84, or 19.3%, of the 435 seats in the House of Representatives. Congresswoman Nancy Pelosi (D-CA), who was the first woman Speaker of the House, is now minority leader.

Source:https://en.wikipedia.org/wiki/Women_in_the_United_States_House_of_Representatives

Source:https://en.wikipedia.org/wiki/Category:Lists_of_American_female_political_office-holders

Source:http://www.cawp.rutgers.edu/women-elective-office-2015

28) 57% of women participate in the labor force

Source: https://www.dol.gov/wb/stats/stats_data.htm 29) Women on startups are at a 15-year high. Female Founders On An Upward Trend, According To CrunchBase.

Source: https://techcrunch.com/2015/05/26/female-founders-on-an-upward-trend-according-to-crunchbase 30) Breast cancer receives much more research funding, publicity than prostate cancer despite similar number of victims

Source: http://ncfm.org/2011/08/news/mens-health/prostate-cancer-strikes-one-in-six-men-but-gets-very-little-funding-for-research/

Source: http://www.bloomberg.com/news/articles/2007-06-13/a-gender-gap-in-cancerbusinessweek-business-news-stock-market-and-financial-advice

Source: http://dailycaller.com/2010/10/05/breast-cancer-receives-much-more-research-funding-publicity-than-prostate-cancer-despite-similar-number-of-victims/

31) Man With Breast Cancer Can't Get Medicaid Coverage Because He's A Man

Source: http://nypost.com/2011/07/31/cancer-stricken-wtc-worker-gets-0-settlement-check/

Source: https://consumerist.com/2011/08/05/man-with-breast-cancer-cant-get-medicaid-coverage-because-hes-a-man/ Female Labor Force Statistics Women are:51.5% of all Management, professional, and related occupations.43.6% of all Management, business, and financial operations occupations.Majority of advertising and promotions managers.Majority of public relations and fundraising managers.Majority of human resources managers.Majority of education administrators.Majority of lodging managers.Majority of medical and health services managers.Majority of property, real estate, and community association managers.Majority of social and community service managers. Women are:54.3% of all Business and financial operations occupations.Majority of wholesale and retail buyers, except farm products.Majority of claims adjusters, appraisers, examiners, and investigators.Majority of training and development specialists.Majority of meeting, convention, and event planners.Majority of fundraisers.Majority of market research analysts and marketing specialists.Majority of business operations specialists, all other. Majority of accountants and auditors.Majority of insurance underwriters.Majority of credit counselors and loan officers.Majority of tax examiners and collectors, and revenue agents.Majority of tax preparers.Majority of financial specialists, all other. Women are:57.2% of all professional and related occupations.Majority of operations research analysts.Majority of statisticians. Women are:46.6% of all life, physical, and social science occupations.Majority of medical scientists.Majority of Psychologists.Majority of miscellaneous life, physical, and social science technicians. Women are:65.3% of all community and social service occupations.Majority of counselors.Majority of social workers.Majority of probation officers and correctional treatment specialists.Majority of social and human service assistants.Majority of Miscellaneous community and social service specialists, includinghealth educators and community health workers.Majority of directors, religious activities and education.Majority of religious workers, all other. Women are:50.2% of all legal occupations.Majority of paralegals and legal assistants.Majority of miscellaneous legal support workers. Women are:73.4% of all education, training, and library occupations.Majority of preschool and kindergarten teachers.Majority of elementary and middle school teachers.Majority of secondary school teachers.Majority of special education teachers.Majority of other teachers and instructors.Majority of archivists, curators, and museum technicians.Majority of librarians.Majority of teacher assistants.Majority of other education, training, and library workers. Women are:47.6% of all arts, design, entertainment, sports, and media occupations.Majority of artists and related workers.Majority of designers.Majority of public relations specialists.Majority of editors.Majority of technical writers.Majority of writers and authors.Majority of miscellaneous media and communication workers. Women are:75.1% of all healthcare practitioners and technical occupations.Majority of dietitians and nutritionists.Majority of pharmacists.Majority of physician assistants.Majority of occupational therapists.Majority of physical therapists.Majority of respiratory therapists.Majority of speech-language pathologists.Majority of therapists, all other.Majority of veterinarians.Majority of registered nurses.Majority of nurse practitioners.Majority of clinical laboratory technologists and technicians.Majority of dental hygienists.Majority of diagnostic related technologists and technicians.Majority of health practitioner support technologists and technicians.Majority of licensed practical and licensed vocational nurses.Majority of medical records and health information technicians.Majority of opticians, dispensing.Majority of miscellaneous health technologists and technicians. Women are:56.7% of all service occupations.Majority of healthcare support occupations.Majority of nursing, psychiatric, and home health aides.Majority of physical therapist assistants and aides.Majority of massage therapists.Majority of dental assistants.Majority of medical assistants.Majority of phlebotomists.Majority of miscellaneous healthcare support occupations, including medical equipment preparers.Majority crossing guards. Women are:54.5% of all food preparation and serving related occupations.Majority of food preparation and serving related occupations.Majority of first-line supervisors of food preparation and serving workers.Majority of food preparation workers.Majority of bartenders.Majority of combined food preparation and serving workers, including fast food.Majority of counter attendants, cafeteria, food concession, and coffee shop.Majority of waiters and waitresses.Majority of food servers, non-restaurant.Majority of hosts and hostesses, restaurant, lounge, and coffee shop. Women are:41.1% all building and grounds cleaning and maintenance occupations.Majority of maids and housekeeping cleaners. Women are:76.8% of all personal care and service occupations.Majority of first-line supervisors of personal service workers.Majority of animal trainers.Majority of nonfarm animal caretakers.Majority of gaming services workers.Majority of hairdressers, hairstylists, and cosmetologists.Majority of miscellaneous personal appearance workers.Majority of tour and travel guides.Majority of childcare workers.Majority of personal care aides.Majority of recreation and fitness workers. Women are:61.5% all sales and office occupations.Majority of cashiers.Majority of counter and rental clerks.Majority of insurance sales agents.Majority of travel agents.Majority of models, demonstrators, and product promoters.Majority of real estate brokers and sales agents.Majority of telemarketers.Majority of door-to-door sales workers, news and street vendors, and related workers. Women are:72.2% office and administrative support occupations.Majority of first-line supervisors of office and administrative support workers.Majority of bill and account collectors.Majority of billing and posting clerks.Majority of bookkeeping, accounting, and auditing clerks.Majority of payroll and timekeeping clerks.Majority of tellers.Majority of financial clerks, all other.Majority of court, municipal, and license clerks.Majority of credit authorizers, checkers, and clerks.Majority of customer service representatives.Majority of eligibility interviewers, government programs.Majority of file clerks.Majority of interviewers, except eligibility and loan.Majority of library assistants, clerical.Majority of loan interviewers and clerks.Majority of order clerks.Majority of human resources assistants, except payroll and timekeeping.Majority of receptionists and information clerks.Majority of reservation and transportation ticket agents and travel clerks.Majority of information and record clerks, all other.Majority of dispatchers.Half of all postal service mail sorters, processors, and processing machine operators.Majority of production, planning, and expediting clerks.Majority of weighers, measurers, checkers, and samplers, recordkeeping.Majority of secretaries and administrative assistants.Majority of data entry keyers.Majority of word processors and typists.Majority of insurance claims and policy processing clerks.Majority of mail clerks and mail machine operators, except postal service.Majority of office clerks, general.Majority of office and administrative support workers.Majority of graders and sorters, agricultural products.Majority of electrical, electronics, and electromechanical assemblers.Majority of bakers.Majority of food batch-makers.Majority of laundry and dry-cleaning workers.Majority of sewing machine operators.Majority of tailors, dressmakers, and sewers.Majority of flight attendants.

Source: http://www.bls.gov/cps/cpsaat11.htm

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armeniaitn · 4 years ago

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Environmental Degradation as another Reason for Poverty: the Role of International Financial ...

New Post has been published on https://armenia.in-the.news/economy/environmental-degradation-as-another-reason-for-poverty-the-role-of-international-financial-26783-29-06-2020/

Environmental Degradation as another Reason for Poverty: the Role of International Financial ...

By Sofia Manukyan

Although there are many reasons for poverty, one of the least discussed (at least in Armenia) is environmental degradation.

Studies show that especially energy and natural resource projects, including dam and hydropower plant construction, mining, etc. result in “new poverty”. This term is used specifically for describing the deterioration of locals’ socio-economic situation as a result of environmental degradation. Some of the factors leading to new poverty are evictions or creation of such conditions, which do not allow for living in a clean and healthy environment as a result of loss of land and water quality, loss of job, property, habitat, as well as identity loss related to that habitat, absence of socialization and risks of marginalization, suspension of education, risks of non-availability of healthcare or social services, as well as particular vulnerability to these risks of specific groups such as elderly, women or indigenous groups.

According to a study by the World Bank (WB), the poorest and most vulnerable sections of society in different countries form the majority of displaced people as a result of hydropower plant construction. For example, a study of over 100 development projects in India showed that nearly half of 1.6 million displaced persons were tribal populations. As a result, many indigenous persons who were already poor become even poorer as a result of forced evictions. This is the result of dependence of indigenous people on nature, for example, rivers, therefore, any project degrading the environment threatens their socio-economic situation.

And yet according to a joint study published in 2015 by International Consortium of Investigative Journalists (ICIJ) and The Huffington Post around 3 million 350 thousand persons were forced from their homes and lands since they lived in the path of a World Bank project. This number could be much higher since according to the investigative journalists the bank not always counts the number of people negatively affected by its projects.

The study reveals that only in 2009-2013 World Bank invested some 50 billion USD in projects graded as high risk for their irreversible social or environmental impacts. The study also shows that specifically farmers, fishermen, forest inhabitants and indigenous communities have been hit hard by these projects. Even some current and past employees of the bank mention that the WB standards were often compromised due to pressures within the bank to approve big projects. They note that success of the bank is measured by the number of financed programs and therefore additional requirements that increase the costs of the project are usually ignored.

There are also studies showing the connection between environmental degradation and poverty in Armenia. One such study published in 2013 by the American University of Armenia shows that despite the economic growth, mining sector also contributes to inequality and poverty in Armenia. This study as well highlights that harms caused by the mines are often underestimated, while the mining operators do not take into account the negative consequences, which in its turn results in deterioration of the environment and local resources. The author also mentions cases when residents had to sell their properties to the mining companies for lower price, which according to him creates potential risks leading to poverty. This risk increases also as a result of absence of health insurance in mines as a result of which the miners and their families may face additional burdens of healthcare costs.

Another example is Mongolia, which despite having one of the fastest growing economies in the world thanks to its natural resources, has one third of its population living in poverty. In Olu Tolgoi project a number of international financial institutions and even diplomatic missions are involved. Olu Tolgoi is the biggest gold and copper mine in Mongolia. This project concerned not only the affected communities, but also the international civil society due to insufficient environmental impact assessment that lacked tailing management, mine closure and recultivation plans, as well as due to diversion of the Undai river which is the sole source of surface water in the area. Its diversion is estimated to impact the ecosystem, the locals and the herders.

Apart from World Bank and International Finance Corporation (IFC), European Bank for Reconstruction and Development (EBRD), International Monetary Fund (IMF) and several major Anglo-Australian and Canadian corporations, the U.S. embassy in Mongolia as well as several other states such as UK and Canada were also involved in this project. According to leaked information the mining corporations approached the mentioned states suggesting to influence the Mongolian government in order the latter stayed out of the mining business while creating a transparent, predictable, best practice-based, rule of law approach to regulating and profiting from its resources.

Moreover, leaked correspondence from the U.S. embassy shows that the U.S. interests in this project were due to the project creating a big market for the U.S. equipment and other goods of about 200 million USD. As for Mongolia, the government had changed its laws on water, roads, windfall profits tax and corporate tax for this project, but it owned only 34 percent shares of this project. Having no sufficient money for covering its expenses in the project, the Mongolian government took a loan from one of the corporations operating the mine. As a result, some financial reports highlight that Mongolia will gain little income from this mining thus leaving no positive effect on economy or population of Mongolia.

This case clearly reminds the gold mining project planned in Amulsar, where international financial institutions, as well as diplomatic missions were involved, while Armenian government had amended laws favoring corporate interests.

Various reports and analysts view such cooperation between the states and the private sector as promoting and protecting corporate interests to the detriment of democracy. Moreover, international financial institutions often provide loans in exchange for institutional and policy reforms, which result in states cutting public wages, increasing value added taxes or introducing regressive tax systems, weakening labor rights protection mechanisms, cutting or privatizing social services, etc. Such policies not only lead to inequality, but they also threaten the sovereignty of the state by preventing states from independently forming their policies, as well as by preventing states from implementing their human rights obligations.

Such cooperation is also concerning since any non-substantiated loans continue increasing the state’s foreign debt, which subsequently decreases spending in the spheres of environmental protection, healthcare, etc. as in case of Armenia.

And yet, despite financial institutions keep claiming about their international high standards, their investments continue threatening the climate. For example, European Investment Bank (EIB) announced to play a leading role in European Green Deal, which foresees eliminating Europe’s effect on climate change by 2050. Despite this, even the bank’s president announced that bank’s methodologies measuring climate investments are sometimes misleading resulting in mainly box-ticking. Generally, this bank is accused of lack of transparency, failing to address applications of those affected by its projects, implementing projects through companies that avoid taxes or are registered in offshores, of having weak oversight of human rights protection, etc.

Sadly, Asian financial institutions also follow their western counterparts. In 2018 the People’s Convention on Infrastructure Financing took place in Mumbai. Civil society representatives from India participated in it, and a resolution was adopted mentioning that investment policies of Asian development banks are as undemocratic and deteriorating the environment and people’s socio-economic situation as in case of western financial institutions. They mention the investments of China led Asia Infrastructure and Investment Bank in India specifically in construction of towns and roads which resulted in displacement of locals and their impoverishment due to loss of their lands. The resolution also mentions that a scenario similar to other countries is observed in India when the state keeps claiming shortage of resources for public welfare – social, healthcare, educational sectors, and yet they spend public money on megaprojects of international financial institutions even when these projects are not economically or else justified.

The geography of investments of Asian financial institutions grows as well. A socially and environmentally controversial project is planned in neighboring Georgia – construction of hydropower plant on Nenskra river in Upper Svaneti. Apart from EIB and EBRD, Asian Development Bank, Asian Infrastructure Investment Bank, Korea Development Bank are also involved in this controversial project. There is a significant opposition to this project for both the risks of negative impact on the environment, as well as for evicting the indigenous Svan communities from their lands and depriving them of their livelihoods.

More research on the link between environmental degradation and poverty, as well as on the role of international financial institutions in it, and of course policy recommendations to the state and the financial institutions can be found in a recently published study. It was implemented with the full support of Open Society Foundations – Armenia’s Policy Research Fellowship Program.

Sofia Manukyan is a researcher, human rights defender & environmentalist. Her researches concentrate on the impact of private sector on the environment and human rights, specifically social and economic rights. She is also interested in labor and women rights protection. independent.academia.edu/SofiaManukyan

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#Armenia #Economy

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hellotaxindia-blog · 6 years ago

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4E (End to End Energy Efficiency) Launched in: September 2016 Headed by: Small Industries Development Bank of India (SIDBI) Industry: Sector-agnostic Eligibility: MSME startups in the manufacturing or services sector that have been operating for at least three years and have earned cash profits in the last two years are eligible for the loan. Here are the specific eligibility criteria. The startup should not be in default with any bank/financial institutions It should have undergone a process of detailed energy audit (DEA) through a technical agency/consultant that is a Bureau of Energy Efficiency (BEE)-certified energy auditor The detailed project report (DPR) prepared by the technical agency/consultant should have been vetted by the Energy Efficiency Cell (EEC), SIDBI The unit should not have availed a performance linked grant under the World Bank-Global Environment Facility (WB-GEF) Project for the proposed energy efficiency (EE) Project and should be in compliance with the Environment and Social Management Framework Overview: This MSME scheme for entrepreneurs has been launched jointly by India SME Technology Services Ltd (ISTSL) in association with World Bank. The main objective is to implement energy efficiency measures across Indian industries on an end-to-end basis. Also, it aims to help startups finance purchases of second-hand machinery/equipment. The business loans for startups under this scheme meet part costs of: capital expenditure, including for the purchase of equipment/machinery, installation, civil works, commissioning, etc. any other related expenditure required by the unit provided it is not more than 50% of capital expenditure. Fiscal incentives under the 4E scheme: The MSME startup has to pay only INR 30,000 and applicable taxes and the balance fee will be paid by SIDBI to auditors Up to 90% of the project cost with a minimum loan amount of INR 10 Lakh and a maximum loan amount not exceeding INR 150 Lakh per eligible borrower can be granted under this scheme. Eligible loan amount should not exceed one-fifth of the total turnover of the applicant unit. Time period: The repayment period, including the initial moratorium period of up to six months, shall not be more than 36 months for loans up to INR 100 Lakh and 60 months for loans beyond INR 100 Lakh. Bank Credit Facilitation Scheme Launched in: NA Headed by: National Small Industries Corporation (NSIC) Industry: Sector-agnostic Eligibility: MSMEs registered in India Overview: The scheme aims to meet the credit requirements of MSME units. The NSIC has entered into a MoU with various nationalised and private sector banks for the purpose. Through syndication with these banks, the NSIC arranges for credit support (fund- or non-fund-based limits) from banks without any cost to MSMEs. Fiscal incentives: NA Time period: The repayment period varies depending on the income generated from the startup and generally extends from five to seven years. However, in exceptional cases, it can go up to to 11 years. Credit Guarantee Scheme (CGS) Headed by: Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Industry: Sector-agnostic Eligibility: The scheme is applicable to new and existing MSMEs engaged in manufacturing or service activities, excluding retail trade, educational institutions, agriculture, self-help groups (SHGs), training institutions, etc. Overview: The Credit Guarantee Scheme was launched by the government to strengthen the credit delivery system and to facilitate the flow of credit to the MSME sector. The lending institutions under this scheme mainly include public, private, and foreign banks, along with regional rural banks and the SBI and its associate banks. Fiscal incentives: This MSME scheme for entrepreneurs comes with a number of benefits, including term loans and/or working capital loan facility up to INR 200 Lakh per borrowing unit. Here are some more details of the scheme: The guarantee cover provided is up to 75% of the credit facility up to INR 150 Lakh 85% of credit facility for loans up to INR 5 Lakh is provided to micro-enterprises 80% of credit facility for MSMEs owned/operated by women and all loans to NER including Sikkim

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blueprintnewspapers-blog · 7 years ago

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WB approves $486m to address Nigeria's electricity challenges

New Post has been published on http://blueprint.ng/wb-approves-486m-to-address-nigerias-electricity-challenges/

WB approves $486m to address Nigeria's electricity challenges

The World Bank has approved a facility loan of $486 million for rehabilitation and upgrading of electricity transmission substations and lines.

The investments under the Nigeria Electricity Transmission Project will increase the power transfer capacity of the transmission network and enable distribution companies supply consumers with additional power.

Together with other investments and policy measures, the project will contribute to ensuring adequate and reliable electricity supply that is necessary for Nigeria’s continued economic development.

It will also support private sector participation, capacity development and better governance in Transmission Company of Nigeria and sector institutions.

“The Federal Government is committed to addressing the challenges in the public-owned transmission network and the financing being provided by the World Bank under the Nigeria Electricity Transmission Project power sector underlines this commitment.

The Federal Government anticipates that private sector financing in the privately-owned segments of the value-chain will complement the government’s efforts in bringing better quality service to citizens,” said H.E. Babatunde Fashola, SAN, Minister for Power, Works and Housing.

The project is part of the Power Sector Recovery Program (PSRP) by the federal government, which is a comprehensive package of policy, legal, regulatory, operational and financial interventions that will restore the financial viability of power sector. The measures that will be implemented through 2021 are aimed at improving transparency and service delivery and re-establishing investor confidence in the sector.

“The Nigeria Electricity Transmission Project will help address key bottlenecks in the transmission network and improve access to affordable and reliable electricity service to citizens,” said Rachid Benmessaoud, the World Bank Country Director for Nigeria.

#development #NIGERIA #World bank approves

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tatkhonik-blog · 7 years ago

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Bangladesh, WB ink $457 million loan deals to promote trade, investment

The government on Sunday signed two financing agreements totaling $457 million with the World Bank to help develop private sector-led infrastructure projects, as well as diversify exports in labor-intensive and globally competitive industries.

Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and World Bank…

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#bangladesh #Bangladesh- WB ink $457 million loan deals to promote trade-#investment #WB ink $457 million loan deals to promote trade

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albaniaenergymarket-lg · 7 years ago

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What China’s “Belt and Road Initiative” means for the WBs, by Vanora Bennett, 11 Sept. 2017

What China’s “Belt and Road Initiative” means for the Western Balkans, by Vanora Bennett, 11 September 2017

Romania is one of the countries that will benefit from the "Belt and Road Initiative". Independent report for EBRD analyses impact of “Balkan Silk Road” China’s “Belt and Road Initiative”, launched by President Xi Jinping in 2013, is a Eurasian grand strategy that seeks to expand and secure maritime routes and land infrastructure networks from China connecting Asia, Africa and Europe. Also known as ‘One Belt, One Road’, it presents a range of opportunities as well as challenges for the countries involved. The blueprint includes a mosaic of trade deals, energy cooperation and financing agreements taking China westwards. The aim is to establish China’s political economy on a global scale. Seen from a European perspective, Chinese forms of soft power are already on display along what has come to be known as the Balkan Silk Road, a Belt and Road Initiative route running from Beijing to Athens and connecting with Belgrade, Sarajevo, Skopje, Budapest, Tirana and other capitals. This south-east European region has been at the heart of the EBRD’s activities for the past quarter-century. The EBRD is already engaging with Chinese companies and authorities along the Balkan Silk Road, as tenders now being awarded focus minds on the need to carefully weigh up the opportunities and challenges brought by the emergence of a major new player in the region. As part of this process, the EBRD has commissioned an independent report on the development of the Balkan Silk Road. Written by Jens Bastian, former chief economist of the European Agency for Reconstruction and member of the EU Task Force for Greece, and funded from the Central European Initiative, the report will be launched on Thursday, 14 September at the Office of the European Parliament in Athens in an event organised by the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Peter Sanfey, the EBRD’s Deputy Director for Country Economics and Policy, will make introductory remarks. Entitled “China’s Belt and Road Initiative: Constructing the Balkan Silk Road,” Dr Bastian’s report maps the progress of the Belt and Road Initiative in different countries around the Western Balkans and broader south-east European area, starting with major investment in the Greek port of Piraeus. There are many benefits to a geopolitical development which has been broadly welcomed by global bodies and countries in the region alike. Dr Bastian argues that Chinese investments in EU and non-EU member states create leverage for acquisitions and infrastructure innovation on an unprecedented scale. State-owned Chinese banks are providing loans at low interest rates in south-eastern Europe. Equally, through the acquisition of ports, opening of bank branches in the region or official lending for bridge building, highway construction and power plant renovation, an infrastructure of transport and logistics networks is being created. The availability of below-market loans to finance new infrastructure capacity is welcomed by many countries that are not prime investment destinations or face limitations in private-sector lending. But, Dr Bastian adds, it also raises concerns among critics who question emerging levels of debt dependency on Chinese providers. Also on the minus side, Dr Bastian draws attention to some European businesses’ concerns about China’s business transparency. As he points out, this was identified as a problem at the high-profile “Belt and Road Forum” in Beijing in May 2017, when various EU member states declined to sign a proposed trade statement which Beijing had drafted. The objections voiced cited a perceived lack of transparency references, together with open, rules-based public tenders and reciprocal market access. The European attention to fair and transparent procurement practices is a reflection of concerns that Chinese companies could benefit from future Silk Road contracts while sidestepping standards in tendering contracts to which European partners adhere. This is where institutional anchors such as the EBRD, EU, IMF and other international organisations come in, according to Dr Bastian. He recommends the EBRD adopts a pro-active approach to ensure standards are maintained and the maximum benefit can be drawn from China’s ambitious project. Seen from the Chinese perspective, the penetration of south-east European markets and sectors brings this periphery into a more centrally positioned part of the integrated Eurasian economic zone that Beijing envisions. Dr Bastian’s report is, however, reassuring on worries sometimes voiced that the Chinese initiative will give Beijing excessive influence. However welcome Chinese investment, he emphasises that the region, with its strong interest in EU and NATO membership, remains firmly anchored in Europe. Mixing and sharing the regional know-how of the EBRD with the financial resources and investment determination of Chinese companies can be a “win-win” combination for both parties, Dr Bastian concludes, as the Belt and Road Initiative has the potential to help in transforming the Western Balkans. DOWNLOAD DR BASTIAN’S REPORT Disclaimer: The consultation of this article can be made through its original source. The authorship and the opinion expressed pertain to their authors. While all the effort are made by Esc Adriatic to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations may differ and should be discussed with an expert and/or lawyer. For any specific technical or legal advice on the information provided and related topics, contact us through “[email protected]”.

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gbenro · 8 years ago

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#Vacancy Senior Social Development Specialist

JOB #162832 JOB TITLESenior Social Development Specialist JOB FAMILYSocial Development JOB TYPE GRADE LOCATIONAbuja, Nigeria RECRUITMENT TYPELocal Hire LANGUAGE REQUIREMENTEnglish [Essential] CLOSING DATE23-Jan-2017 Background / General description:THE WORLD BANK GROUP THE WORLD BANKEstablished in 1944, the WBG is one of the world’s largest sources of funding and knowledge for development solutions. In fiscal year 2014, the WBG committed $65.6 billion in loans, grants, equity investments and guarantees to its members and private businesses, of which $22.2 billion was concessional finance to its poorest members. It is governed by 188 member countries and delivers services out of 120 offices with nearly 15,000 staff located globally. The WBG consists of five specialized institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for the Settlement of Investment Disputes (ICSID). IBRD and IDA are commonly known as the World Bank, which is organized into six client-facing Regional Vice-Presidencies, several corporate functions, and – as of July 1, 2014 – has introduced fourteen Global Practices (GPs) as well as five Cross-Cutting Solution Areas (CCSAs) to bring best-in-class knowledge and solutions to regional and country clients.GLOBAL PRACTICES & CROSS-CUTTING SOLUTIONS AREASThe 14 GPs are: Agriculture; Education; Energy and Extractives; Environment and Natural Resources; Finance and Markets; Governance; Health, Nutrition and Population; Macroeconomics and Fiscal Management; Poverty; Social Protection and Labor; Social, Urban, Rural and Resilience; Trade and Competitiveness; Transport and ICT; and Water. The 5 CCSAs are: Climate Change; Fragility, Conflict and Violence; Gender; Jobs; and Public-Private Partnerships. The new operating model is part of a broader internal reform aimed at delivering the best of the World Bank Group to our clients, so that together we can achieve the twin goals of (1) ending extreme poverty by 2030, and (2) promote shared prosperity for the bottom 40% of the population in every developing country.THE “SOCIAL, URBAN, RURAL AND RESILIENCE” (SURR) GLOBAL PRACTICE Urbanization is occurring at an unprecedented pace. Cities generate 80% of global GDP and are key to job creation and the pursuit of shared prosperity. Yet one billion city residents live in slums today, and by 2030 one billion new migrants will arrive in cities. This concentration of people and assets will exacerbate risk exposure to adverse natural events and climate change, which affects the poor disproportionately. The absence of secure land tenure underpins deprivation and is a major source of conflict in the urban and rural space. One and a half billion people live in countries affected by repeated cycles of violence. In the absence of services, participative planning and responsive institutions, these trends will result in increased poverty, social exclusion, vulnerability and violence. Finally, avoiding a 4-degree warmer world requires drastically reducing the carbon footprint of cities.The WBG is in a unique position to support national and sub-national clients to: harness urbanization and enable effective land management in support of both growth and poverty reduction; foster social inclusion of marginalized groups; support the responsiveness and fiscal, financial, and management capacities of local governments – cities, municipalities, and rural districts – to deliver local infrastructure and decentralized services; strengthen resilience and risk management related to natural disasters; reduce conflict and violence; scale-up access to finance for sub-national governments; and reduce the carbon footprint of cities. The WBG brings a combination of lending ($7-8 billion in annual lending to cities), analytical and advisory services (e.g., social inclusion flagship, urbanization reviews, Sendai dialogue), its growing portfolio of reimbursable advisory services, its convening power (e.g., understanding risk and the land conferences), its leveraging capacity (e.g., guarantees and risk mitigation), and its ability to work with the private sector to tackle the challenges at scale and to effect.The SURR GP covers a wide gamut: (i) developing green, inclusive and resilient cities; (ii) addressing the social inclusion of the poor, vulnerable and excluded groups through accountable institutions, and ensuring compliance with social safeguards; (iii) enhancing urban and rural development through supporting and managing the urban-rural transition, assisting local development through developing land tenure, management and information systems; and (iv) assisting in disaster risk management through issues of risk assessment, risk reduction (including flood management, urban drainage, coastal management, and retrofitting of infrastructure), disaster preparedness (including hydromet services, early warning systems, and civil defense), risk financing (including CAT-DDO), and resilient reconstruction (including post-disaster damage and loss assessment). A key responsibility of the GP is to provide professional expertise and operational support to other GPs to implement the WBG social policies (the WB’s safeguard policies and the IFC’s Performance Standards) to deliver sustainable development results that ensure that any adverse impacts of WBG interventions are limited and mitigated.The World Bank Group is committed to achieving diversity in terms of gender, nationality, culture and educational background. Individuals with disabilities are encouraged to apply. All applications will be treated in the strictest confidence.REGIONAL/COUNTRY/GLOBAL UNIT CONTEXTThe World Bank’s Social, Urban, Rural and Resilience Global Practice (GPSURR) has an active work program in the Africa Region, encompassing a large number of IDA operations, a smaller number of middle-income clients, a wide-ranging advisory and analytical program, active partnerships with Regional and Sub-Regional institutions and a large portfolio of around 400 projects under supervision. The two Africa Social Development Units, part of GPSURR, play a strategic, advisory and knowledge role for the Region and the GP’s work in these areas. The combined Units have around 53 staff and a wide range of engagements including social safeguards (involuntary resettlement and Indigenous Peoples); community driven development; support for fragile states and conflict-affected countries; citizen engagement and social accountability; social inclusion; and social resilience. The Africa Social Development Unit I (West and Central Africa) is looking to recruit a Senior Social Development Specialist for the World Bank Office in Abuja to support social safeguards. The Senor Social Development Specialist will work under the direct supervision of the Social Development Practice Manager for West and Central Africa.Note: If the selected candidate is a current Bank Group staff member with a Regular or Open-Ended appointment, s/he will retain his/her Regular or Open-Ended appointment. All others will be offered a 3 year term appointment. Duties and Accountabilities:The Social Development Specialists will have the following responsibilities: • Work under the coordination of the regional focal point for safeguards on the social safeguards portfolio, providing oversight and quality assurance. This will include direct operational support to operations. • Serve as a social development specialist, advising task teams and clients on the Bank’s policies relating to assessment and mitigation of social risks and impacts during preparation and supervision of lending operations. • Undertake policy dialogue with clients on social sustainability and safeguards issues and advise counterparts on technical options for social development, particularly involuntary resettlement, indigenous peoples, mitigation plans and institutional development strategies. • Serve as social development focal point for 1-2 countries and engage actively and regularly with country units and teams, and identify business opportunities for the social development team in consultation with clients and country units. • Participate in cross-practice teams responsible for the preparation of policy notes, Systematic Country Diagnostics, Country Partnership Frameworks, sector studies, and research and policy development activities on the full range of social development topics; advise on the social sustainability of the portfolio, including gender, beneficiary feedback and safeguards issues, etc. • Advise and participate in project teams to help develop operational designs and mechanisms to assess social opportunities, impacts, constraints and risks related to Bank supported operations; develop and evaluate proposed technical solutions, and assist in the preparation of project documentation. • Support Senior and Lead Specialists in handling complex technical, institutional and program implementation issues regarding social development. • For high risk projects for which OPSOR is providing direct oversight, liaise closely with Regional Safeguards Advisors and Lead/Senior Social Development Specialists to ensure timely distribution, completion and follow up on social review processes. This will include ensuring that technical comments related to social aspects have been fully addressed and integrated into project documentation, and ensuring compliance with applicable procedures and disclosure requirements. • Participate in portfolio reviews on selected social risk and social development issues. • Build capacity with clients on issues related to safeguards and broader social issues, including clients’ monitoring and evaluation of social development activities and outcomes. • Improve feedback mechanisms through participating in and contributing in high quality training and other learning events related to social assessments, social safeguards and broader social development issues. • Develop and build client relations within the Bank and with clients, and contribute to generating new business for the Bank. • Contribute to ongoing and emerging corporate initiatives related to social safeguards and standards, through participation in the Global Solutions Group on Social Sustainability and Safeguards. This will include contributing to the ongoing safeguards policy reform at the Bank. • Liaise with other social development specialists and other groups within GSURR and other Global Practices and across the World Bank Group, to develop and promote the use of consistent approaches to social assessment and risk management. • Participate in the broader social development work of the team. • Work independently under general direction of the Practice Manager, seeking guidance on complex projects/issues from Senior and Lead specialists. Selection Criteria:Selection criteria:• Master's degree with 8 years’ experience, or equivalent combination of education and experience in a related social science (e.g., Sociology, Anthropology, Economics, Political Science). • Demonstration, through written work and dialogue, of in-depth knowledge of social issues and issues of conflict and fragility in Africa. • Relevant experience in conflict and broader social development issues in Africa. • Proven capacity to translate analytical work into policy advice and operational, actionable, recommendations. • Basic knowledge of World Bank’s operations including social safeguard policies on involuntary resettlement and indigenous peoples. • Demonstrated skills and direct work experience with at least one or more of the following: public consultations; public hearings; participatory research methods (including observation, surveys); participatory rural and urban appraisal; participatory poverty assessments; participatory monitoring and evaluation; and grievance redress mechanisms. • Proven capacity to work with a wide range of stakeholders, international organizations, development agencies, government counterparts, beneficiaries of Bank projects, and civil society organizations. • Strong oral and written presentation skills, creativity and problem-solving skills. • Outstanding interpersonal skills and demonstrated ability to work in multi-disciplinary teams and multicultural environments. • Willingness to travel regularly in Africa, including in areas affected by fragility. • Enthusiasm for, and commitment to, poverty alleviation, social development and addressing the needs of the most vulnerable. • Excellent oral and written communications skills in English; knowledge of local languages would be an advantage.Competencies: • Social Development Implications on Policy, Institutions, and Operations - Familiarity with the implications of social development on policy, institutions, and operations. • Analytical Tools for Social Sustainability - Solid experience conducting social development analyses, producing meaningful results, and applying the tools in the course of an operation. • Participation and Consultation - Solid experience conducting social development consultative and participatory approaches, and applying the approaches in the course of an operation. • Social Safeguards - Familiar with and can apply (under supervision) the social safeguard policies to a situation and identify issues and risks. • Integrative Skills - Working to develop an integrated view across all facets of current sector. • Knowledge and Experience in Development Arena - Understands policy making process; distills operationally relevant recommendations/lessons for clients. • Policy Dialogue Skills - Identifies and assesses policy issues and plays an active role in the dialogue with the government and/or other stakeholders. • Lead and Innovate - Develops innovative solutions. • Deliver Results for Clients - Proactively addresses clients’ stated and unstated needs. • Collaborate Within Teams and Across Boundaries - Collaborates across boundaries, gives own perspective and willingly receives diverse perspectives. • Create, Apply and Share Knowledge - Applies knowledge across WBG to strengthen solutions for internal and/or external clients. • Make Smart Decisions - Interprets a wide range of information and pushes to move forward.Apply Now Apply Now

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phgq · 4 years ago

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PRRD approves advance payment for COVID-19 vaccine

#PHinfo: PRRD approves advance payment for COVID-19 vaccine

President Rodrigo Roa Duterte approved the recommendation for the Philippines entering into Advance Market Commitments with private manufacturers of anti-COVID-19 vaccines Photo by Toto Lozano/Presidential Photo

QUEZON CITY, Nov. 19 (PIA) -- Presidential Spokesperson Secretary Harry Roque announced the approval of President Rodrigo Duterte on the Philippines entering into advance market commitment together with the private vaccine developers and release of advance payment based on negotiated terms for corona virus vaccine procurement.

“Pumayag na po tayo na magkakaroon po tayo ng advance, kasi po pag hindi tayo pumayag, e baka mangulelat tayo dun sa mga bansa na makakakuha ng vaccine. So alam ko po noong una ayaw ni Presidente yan, pero nung nakita po niya yung listahan ng mga bansang nag-aadvance payment, e hindi naman tayo magpapahuli, basta meron naman tayong pondo,” (We have already agreed to release an advance payment so we won’t be left behind by the countries who will get hold of the vaccine. Before, the President doesn’t like it but he agreed when he saw the list of the countries who have paid in advance, for as long a as we have the funds,) Roque explained in today’s virtual briefing.

The government has to undergo the five major steps in entering the advance market commitments such as: signing of a confidentiality data agreement; negotiations and signing of the advance market commitments; registration with the Food and Drug Administration (FDA) through the emergency use authority (EUA); advance payment based on the negotiated terms; and mobilization and delivery.

The China National Medical Product Administration (NMPA) has already issued two EUA, which means they are already using the vaccine for a limited time among high risk population while US is expected to issue the same this December, Roque said.

For the Philippines, implementing the vaccination should require the President’s signed Executive Order for the Food and Drug Administration (FDA) to issue the EUA, which will speed up the process of applying the vaccine, carrying the same approval authorization of the FDAs of countries that developed the vaccine.

“Dati-rati po bago magamit ang isang bakuna rito na approved na ng US FDA o ng Chinese FDA, kinakailangan muna ng anim na buwan na pagsusuri pero kung mapipirmahan itong Executive Order na eto, aba’y bente uno araw na lang po magagamit na rin natin sa Pilipinas. So, yung dalawang bakuna po sa China, Sinopharm at saka Sinovac, anytime pwede na pong aprobahan ng Chinese FDA. All we need [is to wait for] 20 days pwede na tayong magbakuna sa Pilipinas. Ganundin naman po pagdating sa Pfizer at sa Moderna na napatunayang 94% ang effectivity laban sa Corona virus,” (Before a vaccine is administered here in the Philippines though already approved by US FDA or Chinese FDA, it has to undergo a six-month screening but once the Executive Order was signed, after 21 days, we can already use it here in the Philippines. So, the two vaccines of China, Sinopharm and Sinovac, anytime, they can be signed by Chinese FDA. All we need [is to wait for] 20 days and we can already implement vaccination in the Philippines), Roque said.

Procuring the vaccine can be done through different legal modes such as the following:

1. Government Procurement Reform Act (RA9184) or the Bayanihan to Recover As One Act (RA11494) through the PSDBM

2. Multilateral Loans (ADB-WB Project Loan for Vaccine through the DOF

3. Bilateral Loans ( UK/China) through the DOF

4. Private Sector Financing Through a Tripartite Agreement (national government, pharmaceutical company and the private sector company)

“Magkakaroon po tayo ng kasunduan sa panig ng tatlong partido, yung gobyerno natin, yung pharmaceutical company at yung private sector company.” (We will have a Tripartite Agreement among the government, pharmaceutical company and the private sector company), Roque said explaining further the private sector financing.

“ Nag-commit na po ang ating mga pribadong kumpanya na sila ang bibili ng isang bilyong dosage dahil hindi naman po sila makabili diretso sa mga gobyerno na nagpo-produce ng mga bakuna. Sila po ang bibili, sila ang gagastos pero singkwenta hanggang otsenta porsyento, ibibigay nila po sa ating gobyerno para ipamigay sa mahihirap. Yung balanse gagamitin nila sa kanilang mga empleyado dahil yung mga empleyado naman nila hindi naman lahat yan ay mga mayayaman, (The private sector companies have already committed to purchase 1B amount of dosage since they are not allowed to purchase directly from governments producing the vaccine. They (private sector companies) will purchase but 50-80% will be given to the government to be distributed to the poor. What is left will be for their employees since not all of their employees are well-off,) Roque explained thanking the private sector for their bayanihan efforts. (ARR/PIA-IDPD)

***

References:

* Philippine Information Agency. "PRRD approves advance payment for COVID-19 vaccine." Philippine Information Agency. https://pia.gov.ph/news/articles/1059419 (accessed November 19, 2020 at 10:02PM UTC+08).

* Philippine Infornation Agency. "PRRD approves advance payment for COVID-19 vaccine." Archive Today. https://archive.ph/?run=1&url=https://pia.gov.ph/news/articles/1059419 (archived).

#Philippines #News #Filipino #Pinoy #Tourism #Politics #Culture #Editorial #Environment #Society #History

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phgq · 4 years ago

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PH's Covid-19 jab program budget sufficient: Dominguez

#PHnews: PH's Covid-19 jab program budget sufficient: Dominguez

MANILA – The national government’s PHP82.5-billion budget for coronavirus disease 2019 (Covid-19) vaccination program and allocations by the local governments and the private sector are enough to inoculate around 70 adult Filipinos this year.

This was stressed by Finance Secretary Carlos Dominguez III during the televised briefing by President Rodrigo R. Duterte along with some Cabinet members Monday night.

Dominguez maintained the government’s Covid-19 vaccination budget is “not trillions” but instead “these numbers are billions” of pesos.

“The total financing we have for the vaccines, logistics and other supplies, including waste disposal, is PHP82.5 billion,” he said.

Of the total financing, PHP2.5 billion came from the budget of the Department of Health (DOH), PHP10 billion from the Bayanihan to Recover as One Act, PHP58.4 billion from foreign loans, and PHP11.6 billion as additional official development assistance (ODA).

On the other hand, the foreign loans came from the World Bank (WB), PHP24.3 billion; Asian Development Bank, PHP19.5 billion; and Asian Infrastructure Investment Bank, PHP14.6 billion.

“PHP82.5 billion will buy us enough doses to inoculate 100 percent of our adult population. Kasi according to the Department of Health hindi pa pwede i-inoculate yung mga bata. (Because according to the Department of Health, we cannot yet inoculate the minors),” he added.

Dominguez said some 40 percent of about 110 million population in the country to date is accounted for by those below 18 years old, leaving the 70 million qualified for the vaccination program. (PNA)

***

References:

* Philippine News Agency. "PH's Covid-19 jab program budget sufficient: Dominguez." Philippine News Agency. https://www.pna.gov.ph/articles/1134552 (accessed March 23, 2021 at 09:07PM UTC+14).

* Philippine News Agency. "PH's Covid-19 jab program budget sufficient: Dominguez." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1134552 (archived).

#Philippines #News #Filipino #Pinoy #Tourism #Politics #Culture #Editorial #Environment #Society #History

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phgq · 4 years ago

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PH thanks multilateral dev’t partners for add’l vaccine loans

#PHnews: PH thanks multilateral dev’t partners for add’l vaccine loans

MANILA – Finance Secretary Carlos Dominguez III has thanked the Philippines’ multilateral partner-institutions for extending a total of USD1.2 billion in fresh loans to the government to help fund the country’s coronavirus disease 2019 (Covid-19) vaccination program and its other pandemic response measures.

Dominguez said these loans provided by the World Bank (WB), Asian Development Bank (ADB), and the Asian Infrastructure Investment Bank (AIIB) will secure the funding needed to procure Covid-19 vaccines and keep on track the government's target to inoculate at least 70 million Filipinos or 100 percent of the country's adult population.

“We thank our multilateral development partners--the World Bank, Asian Development Bank, and Asian Infrastructure Investment Bank-- for stepping up their support for the Philippines’ Covid-19 response measures, particularly our ongoing efforts to secure these life-saving doses for our people and fast-track our vaccination rollout," he said.

Dominguez said the prompt and substantial financing extended by the multilateral partners is crucial to the accomplishment of the Duterte administration's target to inoculate at least 70 million Filipinos, or 100 percent of the adult population, “hopefully within this year so that we can safely open wide our economy and return it to its pre-pandemic path of high and inclusive growth”.

He said though that even if the government has secured sufficient funds for its vaccine procurement, the pace of the rollout will depend on how fast suppliers can deliver the ordered doses for the country.

The WB said on March 12 (Manila time) it has approved USD500 million in additional funding to support the Philippine government’s program to purchase and distribute Covid-19 vaccines, strengthen the country’s health systems, and overcome the impact of the pandemic especially on the poor and the most vulnerable.

On the same day, the ADB announced that the Philippines became the first recipient of financing support under its Asia Pacific Vaccine Access Facility (APVAX) with the approval of a USD400 million loan that will help the country purchase safe and effective Covid-19 vaccines.

The ADB loan is for the Second Health System Enhancement to Address and Limit Covid-19 (HEAL 2) project that aims to assist the Department of Health (DOH) in procuring and ensuring delivery to the country of vaccines certified by the Covid-19 Vaccines Global Access Facility (COVAX) and bilateral vaccine suppliers that meet APVAX eligibility criteria.

The ADB project will be supported by USD300 million in co-financing from the AIIB.

According to the ADB, its loan, along with the co-financing extended by the AIIB, will fund the procurement of up to 110 million doses of Covid-19 vaccines for as many as 50 million Filipinos.

Under the HEAL 2 loan agreement, ADB will pay vaccine suppliers directly.

On top of the new HEAL 2 loan, the ADB had earlier provided a total of USD1.74 billion in loans and grants to the Philippines to support its Covid-19 response measures.

According to the WB statement, the USD500-million loan will supplement the Philippines’ ongoing Covid-19 Emergency Response Project, to which the bank earlier extended a USD100-million loan.

On top of these loans from multilateral institutions, the Philippines has also contributed USD84 million to the COVAX Facility to secure 40 million doses of Covid-19 vaccines.

These loans from the three multilateral lenders and the Philippines’ share in the COVAX facility form part of the government’s three-pronged strategy on vaccine procurement.

Dominguez said that besides a multilateral approach, the government is also pursuing partnerships with the private sector; and working with the local government units (LGUs) to acquire safe and effective Covid-19 vaccines for the people.

Around 40 million of the Philippine population who are 18 years old and below cannot be vaccinated, leaving around 70 million adults covered by the Duterte administration’s Covid-19 vaccination program.

Dominguez said the Philippines is negotiating to secure vaccine doses for 92 million individuals, or more than 100 percent of the country’s adult population, to account for any possible delay in deliveries or slippages. (PR)

***

References:

* Philippine News Agency. "PH thanks multilateral dev’t partners for add’l vaccine loans." Philippine News Agency. https://www.pna.gov.ph/articles/1133824 (accessed March 17, 2021 at 01:55AM UTC+14).

* Philippine News Agency. "PH thanks multilateral dev’t partners for add’l vaccine loans." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1133824 (archived).

#Philippines #News #Filipino #Pinoy #Tourism #Politics #Culture #Editorial #Environment #Society #History

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phgq · 4 years ago

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Gov’t to ensure 100% Covid-19 vaccination of adults

#PHnews: Gov’t to ensure 100% Covid-19 vaccination of adults

MANILA – The government has targeted about USD1.3 billion in loan financing from multilateral lenders, which includes the Philippines’ contribution of USD84 million to the coronavirus disease 2019 (Covid-19) Vaccines Global Access (COVAX) Facility, to ensure vaccines for more than 70 million Filipinos, or over 100 percent of the Philippines’ adult population.

On Monday night, Finance Secretary Carlos Dominguez III reported to President Rodrigo Duterte the government is ensuring that funds for more than enough vaccine doses are available to cover the 70 million adults who should be inoculated against Covid-19 to allow for any slippage or delay in deliveries.

The loans negotiated with the Asian Development Bank (ADB), World Bank (WB) and the Asian Infrastructure Investment Bank (AIIB) will cover 106 million doses valued at around USD1.2 billion, while the COVAX Facility will deliver another 40 million doses of the vaccine, Dominguez said.

“Itong total ng (a total of) 146 or 148 million doses will vaccinate 76 million adults or more than 100 percent of the adult population,” he said during a televised meeting with President Duterte and select Cabinet officials.

Dominguez said the government is pursuing a three-pronged strategy on vaccine procurement, comprising: the multilateral approach, which includes accessing financing from the ADB, WB and AIIB, and taking part in the COVAX Facility; partnering with the private sector; and working with the local government units (LGUs).

Under this strategy, the private sector and LGUs will pay for their respective vaccine purchases.

“These approaches are independent of each other but they are coordinated, para ho (so) we will have enough doses to vaccinate 100 percent of the adult population,” he said.

Dominguez said around 40 million of the Philippine population who are below 18 years of age cannot be vaccinated, leaving around 70 million adults covered by the Duterte administration's Covid-19 vaccination program.

Together with the private sector, the Philippines is expected to get a total of about 178 million Covid-19 vaccine doses, good for 92 million individuals to ensure that 100 percent of the country’s adult population gets inoculated, he said.

“However, we have negotiated for 92 million (doses) kasi ho ang (because the) experience, nababasa natin sa dyaryo, ay may mga (we read in the newspaper there is) slippage, may mga (there are) delays sa delivery. There are delays in Europe, there are delays in the US (United States). So to be safe, we are negotiating more than what we need for 70 million (adult Filipinos),” Dominguez said.

He, however, pointed out any possible delay in delivery would not be the fault of the government because funds have been sufficiently provided for the procurement of the vaccines and early preparations have been made to negotiate for the Philippines’s share of the vaccine doses.

“Ang delay ho ay sa (the delay is in) manufacturing,” Dominguez said, referring to the pharmaceutical companies producing and supplying the various vaccine brands in the market.

The Philippines signed up to the COVAX Facility by contributing its share in the pooled procurement mechanism for the Covid-19 vaccines.

This global initiative—led by the World Health Organization (WHO) and Gavi, the Vaccine Alliance—is aimed at working with vaccine manufacturers to provide countries worldwide equitable access to safe and effective vaccines against the highly contagious coronavirus. (PR)

***

References:

* Philippine News Agency. "Gov’t to ensure 100% Covid-19 vaccination of adults ." Philippine News Agency. https://www.pna.gov.ph/articles/1129323 (accessed February 02, 2021 at 10:22PM UTC+14).

* Philippine News Agency. "Gov’t to ensure 100% Covid-19 vaccination of adults ." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1129323 (archived).

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hellotaxindia-blog · 6 years ago

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4E (End to End Energy Efficiency) Launched in: September 2016

Headed by: Small Industries Development Bank of India (SIDBI)

Industry: Sector-agnostic

Eligibility: MSME startups in the manufacturing or services sector that have been operating for at least three years and have earned cash profits in the last two years are eligible for the loan. Here are the specific eligibility criteria.

The startup should not be in default with any bank/financial institutions It should have undergone a process of detailed energy audit (DEA) through a technical agency/consultant that is a Bureau of Energy Efficiency (BEE)-certified energy auditor The detailed project report (DPR) prepared by the technical agency/consultant should have been vetted by the Energy Efficiency Cell (EEC), SIDBI The unit should not have availed a performance linked grant under the World Bank-Global Environment Facility (WB-GEF) Project for the proposed energy efficiency (EE) Project and should be in compliance with the Environment and Social Management Framework Overview: This MSME scheme for entrepreneurs has been launched jointly by India SME Technology Services Ltd (ISTSL) in association with World Bank. The main objective is to implement energy efficiency measures across Indian industries on an end-to-end basis. Also, it aims to help startups finance purchases of second-hand machinery/equipment.

The business loans for startups under this scheme meet part costs of:

capital expenditure, including for the purchase of equipment/machinery, installation, civil works, commissioning, etc. any other related expenditure required by the unit provided it is not more than 50% of capital expenditure. Fiscal incentives under the 4E scheme:

The MSME startup has to pay only INR 30,000 and applicable taxes and the balance fee will be paid by SIDBI to auditors Up to 90% of the project cost with a minimum loan amount of INR 10 Lakh and a maximum loan amount not exceeding INR 150 Lakh per eligible borrower can be granted under this scheme. Eligible loan amount should not exceed one-fifth of the total turnover of the applicant unit. Time period: The repayment period, including the initial moratorium period of up to six months, shall not be more than 36 months for loans up to INR 100 Lakh and 60 months for loans beyond INR 100 Lakh.

Bank Credit Facilitation Scheme Launched in: NA

Headed by: National Small Industries Corporation (NSIC)

Industry: Sector-agnostic

Eligibility: MSMEs registered in India

Overview: The scheme aims to meet the credit requirements of MSME units. The NSIC has entered into a MoU with various nationalised and private sector banks for the purpose. Through syndication with these banks, the NSIC arranges for credit support (fund- or non-fund-based limits) from banks without any cost to MSMEs.

Fiscal incentives: NA

Time period: The repayment period varies depending on the income generated from the startup and generally extends from five to seven years. However, in exceptional cases, it can go up to to 11 years.

Credit Guarantee Scheme (CGS) Headed by: Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)

Industry: Sector-agnostic

Eligibility: The scheme is applicable to new and existing MSMEs engaged in manufacturing or service activities, excluding retail trade, educational institutions, agriculture, self-help groups (SHGs), training institutions, etc.

Overview: The Credit Guarantee Scheme was launched by the government to strengthen the credit delivery system and to facilitate the flow of credit to the MSME sector. The lending institutions under this scheme mainly include public, private, and foreign banks, along with regional rural banks and the SBI and its associate banks.

Fiscal incentives: This MSME scheme for entrepreneurs comes with a number of benefits, including term loans and/or working capital loan facility up to INR 200 Lakh per borrowing unit. Here are some more details of the scheme:

The guarantee cover provided is up to 75% of the credit facility up to INR 150 Lakh 85% of credit facility for loans up to INR 5 Lakh is provided to micro-enterprises 80% of credit facility for MSMEs owned/operated by women and all loans to NER including Sikkim

source https://inc42.com/features/10-business-loans-for-startups-and-msmes-by-the-indian-government/

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phgq · 5 years ago

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PH, WB sign $500-M loan accord to fight coronavirus

#PHnews: PH, WB sign $500-M loan accord to fight coronavirus

MANILA – The Philippines and the World Bank recently signed a USD500-million loan agreement that would enable the Duterte administration to augment the government’s urgent financing requirements arising from the crisis spawned by the coronavirus disease 2019 (Covid-19) pandemic.

Finance Secretary Carlos Dominguez III, on behalf of the Philippine government, and Mr. Achim Fock, the World Bank Acting Country Director for Brunei, Malaysia, Philippines and Thailand, signed the agreement on the Third Risk Management Development Policy Loan (TRMDPL) that aims to strengthen the country’s capacity to prepare for, respond to, and recover from, natural disasters, including health emergencies like the Covid-19 crisis.

The loan accord, which was signed on Friday (April 10), follows two earlier Risk Management Development Policy Loans (RMDPL) signed in 2012 and 2015 between the Philippines and the World Bank.

Dominguez said the third budget-support loan is programmed for accelerated disbursement by April 30, 2020 to help support the immediate financing requirements of the government resulting from the impact of the Covid-induced crisis.

"We thank the World Bank for its swift action on this facility in support of disaster risk management, coming at this critical time when the Philippines, like most other countries worldwide, is struggling to cope with the devastating health, social and economic impacts of the coronavirus pandemic," he said.

"This USD500-million facility, which is just one of several financial assistance programs made available to the Philippines by the World Bank during this global health crisis, bolsters the Duterte administration's overall efforts to provide instant relief to the poor and other hardest-hit sectors, and strengthen our healthcare system," he added.

In an earlier statement following the Bank’s approval of the loan last April 9, Mr. Fock said: “The World Bank is committed to supporting efforts to strengthen the Philippines’ capacity to prepare for, and respond to, natural disasters as well as health and economic shocks like Covid-19.”

The loan is payable in 29 years, inclusive of a 10-and-a-half-year grace period.

According to the World Bank, the loan will support policy reforms undertaken by the Philippine government in the area of disaster risk management, including the implementation of an emergency cash transfer program during times of crisis.

The loan also aims to support the adoption and implementation of a unified disaster rehabilitation and recovery planning framework by the national government and local government units (LGUs); the development of multi-year investment plans for seismic risk reduction and retrofitting of important government buildings; and the promotion of integrated hazard and risk analysis in physical planning, and in support of policy development.

On top of this financing package, the World Bank has also earmarked a USD100 million fast-track loan to the Philippines to enable the Department of Health (DOH) to procure personal protective equipment (PPE) gears for medical front-liners, along with testing and laboratory materials, quarantine areas, isolation rooms and other essential equipment to fight Covid-19.

The loan is under the World Bank’s recently launched USD14-billion Fast Track Covid-19 Facility. According to the World Bank website, the Fast-Track facility “will help developing countries strengthen health systems, including better access to health services to safeguard people from the epidemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies.”

The Covid-19 Fast Track Facility will be financed as follows: USD2.7 billion from the International Bank for Reconstruction and Development (IBRD), USD1.3 billion from the International Development Association (IDA), USD6 billion from the International Finance Corporation (IFC) (including USD2 billion from existing trade facilities), complemented by reprioritization of USD2 billion of the Bank Group’s existing portfolio.

It will also include policy advice and technical assistance drawing on global expertise and country-level knowledge.

The Philippines is eligible for USD100 million at IBRD regular terms, with a waiver of the first year of commitment fees.

As an IBRD member-country, the Philippines is also eligible to receive further financing assistance from IBRD within its normal exposure limits. (PR)

***

References:

* Philippine News Agency. "PH, WB sign $500-M loan accord to fight coronavirus ." Philippine News Agency. https://www.pna.gov.ph/articles/1099969 (accessed April 16, 2020 at 08:07PM UTC+14).

* Philippine News Agency. "PH, WB sign $500-M loan accord to fight coronavirus ." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1099969 (archived).

#Philippines #News #Filipino #Pinoy #Tourism #Politics #Culture #Editorial #Environment #Society #History

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phgq · 5 years ago

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WB OKs $500M loan to boost PH disaster risk mgt, Covid response

#PHnews: WB OKs $500M loan to boost PH disaster risk mgt, Covid response

WASHINGTON -- The World Bank said Friday its Board of Executive Directors approved US$500 million in financing to help strengthen the Philippine government’s capacity to address disaster risks, respond to and recover from natural disasters.

The financing will also support urgent needs created by the coronavirus disease 2019 (Covid-19) crisis.

This Third Risk Management Development Policy Loan is part of the World Bank’s long-standing support to the Philippines’ broader policy reform efforts to boost its resilience and capability to prepare for and recover from disasters.

This loan follows two previous Risk Management Development Policy Loans in 2012 and 2015.

The government is currently in the process of strengthening the Philippines’ institutional framework for disaster risk management through the creation of a new department for Disaster Risk and Resilience.

“The World Bank is committed to supporting efforts to strengthen the Philippines’ capacity to prepare for and respond to natural disasters as well as health and economic shocks like Covid-19,” Achim Fock, World Bank Acting Country Director for Brunei, Malaysia, Philippines and Thailand, said in a statement.

“Natural disasters and pandemics disproportionately hurt poor families and communities. Enhancing risk management and the capacity to address these challenges can help ensure that the Philippines can sustain progress in poverty reduction,” Fock said.

The Third Risk Management Development Policy Loan will support key policy reforms being undertaken by the government in the area of disaster risk management, including adoption and implementation of a unified disaster rehabilitation and recovery planning framework by the national government and local government units; promotion of integrated hazard and risk analysis in physical planning, and in support of policy development; development of multi-year investment plans for seismic risk reduction and retrofitting of important government buildings; and implementation of an emergency cash transfer program during shocks.

In addition to natural hazards, the country is now facing the impact of the global outbreak of Covid-19.

Philippines President Rodrigo Duterte has declared a public health emergency and a state of calamity, mandating full cooperation among all government agencies and local governments to address the Covid-19 threat.

The World Bank has expressed its solidarity with the people of the Philippines and is working closely with the authorities to support action to address the unfolding Covid-19 emergency through financial support and just-in time technical assistance.

The World Bank Group is rolling out a $14-billion fast-track package to strengthen the Covid-19 response in developing countries and shorten the time to recovery. The immediate response includes financing, policy advice, and technical assistance to help countries cope with the health and economic impacts of the pandemic.

The International Finance Corporation (IFC) is providing $8 billion in financing to help private companies affected by the pandemic and preserve jobs.

The International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) are making an initial US$6 billion available for the health response.

As countries need broader support, the World Bank Group will deploy up to $160 billion over 15 months to protect the poor and vulnerable, support businesses, and bolster economic recovery. (PR)

***

References:

* Philippine News Agency. "WB OKs $500M loan to boost PH disaster risk mgt, Covid response." Philippine News Agency. https://www.pna.gov.ph/articles/1099480 (accessed April 11, 2020 at 05:15AM UTC+14).

* Philippine News Agency. "WB OKs $500M loan to boost PH disaster risk mgt, Covid response." Archive Today. https://archive.ph/?run=1&url=https://www.pna.gov.ph/articles/1099480 (archived).

#Philippines #News #Filipino #Pinoy #Tourism #Politics #Culture #Editorial #Environment #Society #History

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