Der Film „The Wolf of Wall Street“ startet von Aventus unterstütztes NFT-Angebot

LONDON, April 19, 2023 (GLOBE NEWSWIRE) — Aventus, ein Anbieter von Web3–Lsungen fr Unternehmen, hat sich mit den Inhabern der Filmrechte fr The Wolf of Wall Street und weltweit fhrenden Filmproduzenten und Redakteuren zusammengetan, um die "The Wolf of Wall Street Experience" zu entwickeln: eine Reihe von NFT–Drops, die auch als Schlssel zum Freischalten weiterer Teile des Erlebnisses dienen.

Mit einem weltweiten Einspielergebnis von fast 400 Millionen Dollar, fnf Oscar–Nominierungen, darunter fr den besten Film, und einem Eintrag im Guinness–Buch der Rekorde fr die meisten Schimpfwrter in einem Film ist der Einfluss von The Wolf of Wall Street auf die Populrkultur auch fast ein Jahrzehnt nach seinem Erscheinen ungebrochen, und die Memes des Films werden weiterhin millionenfach verwendet.

"The Wolf of Wall Street Experience" bietet Fans des Films und Web3–Enthusiasten Zugang zu exklusiven Inhalten, Belohnungen und Erlebnissen ber eine Reihe von limitierten NFT–Drops, darunter noch nie gezeigte Szenen aus dem Making–of des Films, freischaltbare Inhalte, Erlebnisse und begrenzten Zugang zu einem exklusiven Event zur Feier des Jahrestages des Films.

Der Start ist fr das zweite Quartal 2023 geplant, mit zustzlichen Vorteilen fr frhe Teilnehmer der Community.

Die NFTs werden vom kohlenstoffneutralen Aventus Network erstellt, das eine Layer–1–Blockchain (Parachain) von Polkadot ist. Das bedeutet, dass das Projekt die Vorteile des Polkadot–kosystems voll ausschpfen wird, einschlielich verbesserter Skalierbarkeit, Geschwindigkeit, Interoperabilitt und Sicherheit. Es bedeutet auch, dass NFT–Inhaber in der Lage sein werden, die Vorteile der Interoperabilitt von mehr als 50 Blockchains, einschlielich Ethereum, in vollem Umfang zu nutzen.

Alan Vey, Grnder und CEO von Aventus, kommentierte dies wie folgt: "The Wolf of Wall Street ist einer der ikonischsten Filme nicht nur in der Populrkultur im Allgemeinen, sondern auch in der Blockchain–Community im Besonderen. Wir sind begeistert, dass wir diesen Film ins Web3 bringen knnen und Teil eines historischen Moments fr die Branche sind, da das Segment der Blockbuster der jngste Sektor ist, der die Vorteile von NFTs fr den Aufbau von Communitys und das Engagement nutzt."

Gavin Wood, Grnder von Polkadot und Ethereum, fgte hinzu: "Das Parachain–kosystem von Polkadot zielt darauf ab, Blockchains dabei zu helfen, ihre Ziele zu erreichen, indem es verbesserte Skalierbarkeit, Sicherheit und Interoperabilitt bietet. Es ist wunderbar zu sehen, wie Aventus diese Untersttzung nutzt, um dieses wirklich bahnbrechende Projekt zu ermglichen."

ber Aventus
Aventus bietet robuste, flexible und verwaltete Web3–Lsungen fr Unternehmen, die die Vorteile der Blockchain nutzen mchten, um ihre Geschfte zukunftssicher zu machen, neue Einnahmequellen zu erschlieen und die betriebliche Effizienz zu verbessern.

Mit einer kombinierten Erfahrung von mehr als sieben Jahrzehnten in Web3 und Unternehmensfhrung entwickelt Aventus optimierte Lsungen, die auf die individuellen Anforderungen eines Unternehmens zugeschnitten sind, um die Web3–Transformation und –Schulung zu ermglichen, und verwaltet die Lsung "" damit sich Unternehmen auf das konzentrieren knnen, was sie am besten knnen.
https://www.aventus.io/

Medienanfragen:
aventus@thephagroup.com


GLOBENEWSWIRE (Distribution ID 1000804892)

A Deriv é acreditada Ouro pela Investors in People

DUBAI, Emirados Árabes Unidos, April 19, 2023 (GLOBE NEWSWIRE) — A Deriv, uma das lderes na indstria de fintech, conquistou a acreditao Ouro da We invest in people. Este o primeiro reconhecimento da indstria conquistado em 2023, uma de suas inmeras metas este ano.

Receber a acreditao Ouro um triunfo e algo que apenas 17% das organizaes que a Investors in People (IIP) avalia conseguem alcanar. Este ttulo vlido por 3 anos. A IIP premia as empresas que aperfeioam o seu modelo de gesto para demonstrar confiana, motivar seus colaboradores a aprimorarem suas habilidades e conhecimentos, e permanecer geis em meio s mudanas.

Para a Deriv, a acreditao Ouro reconhece tanto a abordagem de liderana, quanto s prticas humanizadas e a cultura de confiana que o corretor tem se dedicado a construir em todos os escritrios da Deriv. Os resultados da pesquisa comprovam que 80% dos funcionrios concordam com prticas humanizadas consistentes. Eles valorizam a cultura de trabalho empoderada que os inspira a estar em alto nvel e a dar o melhor de si.

Os resultados da pesquisa tambm revelam que a Deriv oferece oportunidades de crescimento na carreira, e que se preocupa em colocar as pessoas em primeiro lugar. Os funcionrios participam da inovao e transformao atravs de uma mudana na mentalidade, que parte do "pensar pequeno" ao "pensar grande", sobre os seus objetivos profissionais, sobre a empresa e a indstria.

As empresas pr–selecionadas se baseiam em trs princpios:

Liderana: Qual o grau de confiana existente entre os funcionrios e a equipe de liderana? Os lderes esto altura de seus valores e inspiram de fato a cultura adequada?

Apoio: Existem as estruturas certas para que os funcionrios possam realizar bem seu trabalho? Os funcionrios so recompensados por trabalharem bem? E recebem o apoio adequado caso estejam com dificuldades?

Aperfeioamento: Existem muitas oportunidades para que os funcionrios cresam e se desenvolvam? A empresa est pronta para qualquer mudana que o futuro possa trazer?

O processo:

  • O representante da IIP conversa com a empresa, seus funcionrios, e tambm sobre qual a motivao para a conquista do ttulo.
  • A IIP encaminha uma pesquisa aos funcionrios para conferir como eles se sentem em relao ao trabalho na empresa e quo bem eles recebem apoio.
  • A IIP realiza entrevistas individuais com os funcionrios e participa de reunies para obter informaes sobre o ambiente de trabalho. As principais concluses so publicadas em um relatrio que revela o fracasso ou o sucesso da empresa na conquista da acreditao. O relatrio tambm inclui recomendaes da IPP sobre os prximos passos para a empresa.
  • A IIP cria um plano de ao para as mudanas que a empresa deve implementar durante o perodo de acreditao.

A acreditao coloca a Deriv em 1 lugar no ranking no setor de finanas e seguros, e em 3 lugar no ranking mundial no setor de tecnologia/TI. Os rankings so para organizaes com capacidade para 250 a 4.999 funcionrios.

Ao comentar sobre o prmio, Seema Hallon, Chefe de Gesto de Pessoas, declarou:

"Esta uma conquista que nos enche de orgulho! Na Deriv, tentamos ao mximo criar um ambiente de trabalho que estimule cada membro da equipe a tomar posse de seus respectivos papis, e "elevar o nvel' para trazer tona a melhor contribuio para os seus cargos. A nossa cultura de confiana, impulsionada por nossos valores, tem base no dilogo transparente, na participao ativa e na diverso em conjunto. Estamos felizes por fazer parte desta jornada de excelncia com a IIP e desejamos chegar em breve categoria Platina! "

""A Deriv tem planos ambiciosos de crescimento para 2023. Ela est procura de profissionais qualificados para ampliar o seu ambiente de trabalho dinmico, diversificado e de ritmo acelerado. Junte–se a ns nesta jornada, confira as nossas vagas abertas.

Sobre a Deriv

Nos ltimos 23 anos, a misso da Deriv tem sido tornar a negociao online acessvel a qualquer um, em qualquer lugar. A oferta de produtos da Deriv inclui plataformas de negociao intuitivas, mais de 200 ativos negociveis (em mercados como forex, aes e criptomoedas), tipos de negociao exclusivos e muito mais. Com mais de 1.200 colaboradores em 20 escritrios internacionais espalhados por 16 pases, a Deriv se esfora para proporcionar o melhor ambiente de trabalho, o que inclui uma cultura de trabalho positiva, assistncia imediata s preocupaes de seus colaboradores, a comemorao de suas conquistas, e a realizao de iniciativas que visam elevar a moral dos seus colaboradores.

ASSESSORIA DE IMPRENSA
Aleksandra Zuzic
aleksandra@deriv.com

Fotos deste comunicado podem ser encontradas em:
https://www.globenewswire.com/NewsRoom/AttachmentNg/c7747671–2e51–4da5–8bdc–e8ccab8ef6b2
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd0a9ee9–744f–4eb2–a533–d19989a1f090
https://www.globenewswire.com/NewsRoom/AttachmentNg/44084c93–ef28–4ce4–a375–c0296647ba71


GLOBENEWSWIRE (Distribution ID 1000804883)

Deriv gets Gold accreditation by Investors in People

DUBAI, United Arab Emirates, April 19, 2023 (GLOBE NEWSWIRE) — Deriv, one of the leaders in the fintech industry, achieved We invest in people, gold accreditation. This is the first industry accolade received in 2023, one of its many goals this year.

Being awarded gold is a triumph and something only 17% of organisations that Investors in People (IIP) assess achieve. This accreditation is for 3 years. IIP celebrates companies that finetune their management style to demonstrate trust, motivate employees to improve skills and knowledge, and remain agile to change.

For Deriv the gold accreditation acknowledges the leadership approach, people practices, and culture of trust that the broker has strived to build in all its offices. Survey results reveal 80% of employees agree on solid people practices. They appreciate the empowering work culture which inspires them to be on their "A' game and work their best.

The insights captured also indicate Deriv provides career advancement opportunities and cares about putting people first. Employees participate in innovation and transformation through a shift from small to big thinking about their work scopes, the business, and the industry.

The shortlisting companies relies on three principles:

Leading: How much trust is there between employees and the leadership team? Do leaders live up to their values and inspire the right culture?

Supporting: Are the right structures in place so employees can do their job well? Are employees rewarded for doing well? And supported properly if they're struggling?

Improving: Are there plenty of opportunities for employees to grow and develop? Is the company ready for any changes the future might bring?

The process:

  • IIP representative talks to the company, its employees, and what is the motive for achieving accreditation.
  • IIP sends out a survey to employees to see how they feel about working in the company and how well they are supported.
  • IIP conducts one–on–one interviews with employees and attends meetings to gain insight into the workplace.
  • The key findings are published in a report revealing the company's failure or success in achieving the accreditation. The report also includes recommendations from IIP on the next steps for the company.
  • IIP creates an action plan for what changes the company should make over the accreditation period.

The accreditation positions Deriv in 1st ranking in the finance and insurance activities sector and 3rd ranking globally in the technology/IT sector. Rankings are for organisations with employee strength of 250""4,999.


Commenting on the award, Seema Hallon, Head of People Management, said:

"This is a proud achievement for us! At Deriv, we try our best to create a work environment that encourages every team member to take ownership of their jobs and "up their game' to bring out the best contribution to their roles. Our culture of trust, driven by our values, is based on open conversations, active involvement, agile working and fun together. We are excited to be on this journey of excellence with IIP and hope to be in the Platinum category soon!"

""Deriv has ambitious growth plans for 2023. It is looking for skilled professionals to expand its dynamic, diverse, and fast–paced workplace. Join us in our journey, view our open positions.

About Deriv

Over the last 23 years, Deriv's mission has been to make online trading accessible to anyone, anywhere. Deriv's product offering includes intuitive trading platforms, over 200 tradable assets (in markets such as forex, stocks, and cryptocurrencies), unique trade types, and more. With more than 1,200 employees in 20 global offices spread across 16 countries, Deriv strives to provide the best work environment, which includes positive work culture, timely addressing of employee concerns, celebrating achievements, and conducting initiatives to boost their morale.

PRESS CONTACT
Aleksandra Zuzic
aleksandra@deriv.com

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c7747671–2e51–4da5–8bdc–e8ccab8ef6b2
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd0a9ee9–744f–4eb2–a533–d19989a1f090
https://www.globenewswire.com/NewsRoom/AttachmentNg/44084c93–ef28–4ce4–a375–c0296647ba71


GLOBENEWSWIRE (Distribution ID 1000804883)

Deriv reçoit l'accréditation Gold d'Investors in People

DUBAÏ, Emirats Arabes Unis, 19 avr. 2023 (GLOBE NEWSWIRE) — Deriv, l'un des leaders de l'industrie fintech, a obtenu l'accrditation We invest in people, gold. Il s'agit de la premire distinction reue par l'industrie en 2023, l'un de ses nombreux objectifs de l'anne.

L'obtention de la mdaille d'or est un triomphe que seules 17% des organisations values par Investors in People (IIP) atteignent. Cette accrditation est valable trois ans. L'IIP rcompense les entreprises qui affinent leur style de gestion pour faire preuve de confiance, motiver les employs amliorer leurs comptences et leurs connaissances, et rester flexibles face au changement.

Pour Deriv l'accrditation Gold reconnat l'approche du leadership, les pratiques du personnel et la culture de confiance que le courtier s'est efforc d'instaurer dans tous ses bureaux. Les rsultats de l'enqute rvlent que 80 % des employs sont d'accord sur la qualit des pratiques humaines. Ils apprcient la culture de travail responsabilisante qui les incite donner le meilleur d'eux–mmes.

Les informations recueillies indiquent galement que Deriv offre des possibilits d'avancement et se soucie de faire passer les collaborateurs en premier. Les employs participent l'innovation et la transformation en passant d'une petite une grande rflexion sur leur travail, l'entreprise et l'industrie.

La prslection des entreprises repose sur trois principes :

Diriger : Quel est le degr de confiance entre les employs et l'quipe dirigeante ? Les dirigeants sont–ils la hauteur de leurs valeurs et inspirent–ils la bonne culture ?

Soutenir : Les structures adquates sont–elles en place pour permettre aux employs de bien faire leur travail ? Les employs sont–ils rcompenss lorsqu'ils font bien leur travail ? Et sont–ils soutenus correctement s'ils rencontrent des difficults ?

Amliorer : Les employs ont–ils de nombreuses possibilits d'voluer et de se dvelopper ? L'entreprise est–elle prte faire face aux changements que l'avenir pourrait lui rserver ?

Le processus :

  • Un reprsentant de l'IIP s'entretient avec l'entreprise et ses employs et leur explique les raisons de l'obtention de l'accrditation.
  • IIP envoie une enqute aux employs pour savoir ce qu'ils pensent de leur travail dans l'entreprise et de la faon dont ils sont soutenus.
  • L'IIP mne des entretiens individuels avec les employs et assiste des runions pour se faire une ide du lieu de travail.
  • L'IIP mne des entretiens individuels avec les employs et assiste des runions pour se faire une ide du lieu de travail. Les principales conclusions sont publies dans un rapport qui indique si l'entreprise a russi ou chou obtenir l'accrditation. Le rapport contient galement des recommandations de l'IIP sur les prochaines tapes suivre par l'entreprise.
  • L'IIP labore un plan d'action sur les changements que l'entreprise doit apporter au cours de la priode d'accrditation.

L'accrditation place Deriv au 1er rang dans le secteur des activits financires et d'assurance et au 3e rang mondial dans le secteur des technologies de l'information. Les classements concernent les organisations dont l'effectif est compris entre 250 et 4 999 personnes.

Seema Hallon, responsable de la gestion du personnel, a comment cette rcompense :

“C'est une grande fiert pour nous ! Chez Deriv, nous faisons de notre mieux pour crer un environnement de travail qui encourage chaque membre de l'quipe s'approprier son travail et se surpasser pour apporter la meilleure contribution possible son rle. Notre culture de la confiance, guide par nos valeurs, est base sur des conversations ouvertes, une implication active, un travail agile et le plaisir de travailler ensemble. Nous sommes ravis d'tre sur la voie de l'excellence avec l'IIP et esprons tre bientt dans la catgorie Platine !

Deriv a des projets de croissance ambitieux pour 2023. Elle est la recherche de professionnels comptents pour dvelopper son lieu de travail dynamique, diversifi et en constante volution. Rejoignez–nous dans notre aventure, consultez nos offres d'emploi.

propos de Deriv

Au cours des 23 dernires annes, la mission de Deriv a t de rendre le trading en ligne accessible tous, partout. L'offre de Deriv comprend des plateformes de trading intuitives, plus de 200 actifs ngociables (sur des marchs tels que le forex, les actions et les crypto–monnaies), des types de transactions uniques, et bien plus encore. Avec plus de 1 200 employs dans 20 bureaux rpartis dans 16 pays, Deriv s'efforce d'offrir le meilleur environnement de travail possible, ce qui inclut une culture de travail positive, la prise en compte rapide des proccupations des employs, la clbration des russites et la mise en "uvre d'initiatives visant stimuler leur moral.

CONTACT PRESSE
Aleksandra Zuzic
aleksandra@deriv.com

Des photos accompagnant ce communiqu sont disponibles aux adresses suivantes :
https://www.globenewswire.com/NewsRoom/AttachmentNg/c7747671–2e51–4da5–8bdc–e8ccab8ef6b2
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd0a9ee9–744f–4eb2–a533–d19989a1f090
https://www.globenewswire.com/NewsRoom/AttachmentNg/44084c93–ef28–4ce4–a375–c0296647ba71


GLOBENEWSWIRE (Distribution ID 1000804883)

Legit Security Extends Platform Capabilities for Code to Cloud Visibility and Security

PALO ALTO, Calif., April 19, 2023 (GLOBE NEWSWIRE) — Legit Security, a cyber security company with an enterprise platform that protects an organization's software supply chain from attack and ensures secure application delivery, today announces new code to cloud traceability and security capabilities that capture deep security issue context and business insights to drive faster remediation and security issue prioritization for enterprise security teams. These capabilities extend the company's existing market leadership position in software supply chain security by providing broader and more automated security issue discovery, correlation and remediation capabilities from code creation to cloud delivery and runtime. By using the Legit Security platform, enterprise security teams can greatly improve their efficiency and effectiveness by leveraging critical insights and deep security issue context to cut through the noise and quickly remediate the security issues that matter most. More details on this latest capability can be found on the company's blog.

Modern software applications are driven by a demand for continuous innovation that has led to the adoption of DevOps, agile development, and rapid software releases to the cloud. However, this has created a sprawling and rapidly changing attack surface that requires a coordinated, real–time approach to security that spans Application Security, Cloud Security and Software Development teams. Yet, these teams lack end–to–end visibility and context into how applications are really built and deployed so they can cut through high levels of security issue noise, prioritize application risks effectively, and collaborate efficiently so they can quickly remediate the most critical risks first.

The Legit Security platform is providing deep visibility into security vulnerabilities and risks from code creation, through software build automation, to runtime deployment so that security teams can easily collaborate and build trust with software development teams while scaling their security operations to meet the speed of development. Automated code to cloud traceability and security also provides critical capabilities to define and track secure application delivery benchmarks, to build secure pipelines with optimal security guardrail coverage across the software development lifecycle (SDLC), and to manage clear cut strategies for shifting security left to improve efficiency.

"Traditional application security lacks an understanding of code lineage and how applications are built and shipped, creating a huge gap in the ability to secure application delivery end–to–end, in real time, across all stages of the SDLC," said Liav Caspi, CTO and co–founder of Legit Security. "Our code to cloud traceability closes this gap. We're providing visibility, context and correlation of both applications and their risks to bridge together the worlds of Application Security, Cloud Security and Development, which is exactly what the market needs to get to the next level of effectiveness. We're enabling enterprises to better understand and prioritize the real risks that vulnerabilities pose to their applications, how that risk originated, and how it moved through their SDLC and to the cloud."

Legit Security's code to cloud traceability works by tracking code from the time it's written, across all its pre–production build stages and binary forms, to when it's deployed to a runtime environment. The platform automatically discovers and maps the connections and dependencies between systems, code, artifacts, third parties, developers and cloud environments and tracks the pathways used by individual application releases. This allows organizations to see where vulnerabilities in code will ultimately be deployed and also where vulnerabilities discovered in runtime originated in the SDLC, so that teams can quickly understand their ultimate impact and prioritize remediation for the most critical threats.

For more information on the Legit Security platform's code to cloud capabilities, please visit our blog. To learn more about Legit's broader platform capabilities spanning software supply chain security, unified application security control plane, and regulatory compliance and continuous assurance, please visit https://www.legitsecurity.com.

About Legit Security
Legit Security protects an organization's software supply chain from attack and ensures secure application delivery, governance and risk management from code to cloud. The platform's unified application security control plane and automated SDLC discovery and analysis capabilities provide visibility and security control over rapidly changing environments and allow security issues to be prioritized based on context and business criticality to improve security team efficiency and effectiveness.


GLOBENEWSWIRE (Distribution ID 8811308)

The Wolf of Wall Street film to launch NFT offering, powered by Aventus

LONDON, April 19, 2023 (GLOBE NEWSWIRE) — Aventus, a Web3 solutions provider for enterprises, has partnered with the film rights holders for The Wolf of Wall Street and world–leading film producers and editors to create The Wolf of Wall Street Experience: a series of NFT drops which will also act as a key to unlocking wider parts of the experience.

With a worldwide box office of almost $400M, five Oscar nominations including Best Picture, and a Guinness World Records entry for most swearing in a film, The Wolf of Wall Street's impact on popular culture remains steadfast almost a decade after its release, with memes of the film continuing to generate millions of uses.

The Wolf of Wall Street Experience will give fans of the film and Web3 enthusiasts access to exclusive content, rewards, and experiences via a series of limited NFT drops, including never–before–seen scenes from the making of the film, unlockable content, experiences, and limited access to an invite–only event to celebrate the anniversary of the film.

The launch is scheduled for the second quarter of 2023, with additional benefits for early participants of the community.

The NFTs will be created by the carbon neutral Aventus Network, which is a layer 1 (parachain) on Polkadot "" meaning the project will leverage the full benefits of the Polkadot ecosystem, including enhanced scalability, speed, interoperability and security. It also means NFT holders will be able to leverage the full benefits of interoperability across more than 50 blockchains, including Ethereum.

Alan Vey, Founder & CEO at Aventus, commented: "The Wolf of Wall Street is one of the most iconic films across not only popular culture more broadly, but specifically within the blockchain community. We're thrilled to be able to bring this film to Web3 and to be a part of a historic moment for the industry as blockbuster becomes the latest sector to realise the benefits of NFTs in community building and engagement."

Gavin Wood, Founder of Polkadot & Ethereum, added: "Polkadot's parachain ecosystem aims to help blockchains achieve their objectives by providing enhanced scalability, security and interoperability, and it's wonderful to watch Aventus leverage this support to enable this truly groundbreaking project."

About Aventus
Aventus provides robust, flexible and managed Web3 solutions for businesses looking to leverage the benefits of blockchain in order to future–proof their operations, generate new revenue streams and improve operational efficiencies.

With a combined experience of over seven decades in Web3 and enterprise leadership, Aventus crafts optimised solutions tailored to an enterprise's unique needs to enable Web3 transformation & education, and manages the solution "" so enterprises can focus on what they do best.
https://www.aventus.io/

Media inquiries:
aventus@thephagroup.com


GLOBENEWSWIRE (Distribution ID 1000804863)

Africa, Now Squeezed to the Bones

The IMF has made some encouraging improvements in paying attention to social protection, health, and education, but it needs to do much more to avoid, in its own words, “repeating past mistakes”, says new report. Credit: Charles Mpaka/IPS

The IMF has made some encouraging improvements in paying attention to social protection, health, and education, but it needs to do much more to avoid, in its own words, “repeating past mistakes”, says new report. Credit: Charles Mpaka/IPS

By Baher Kamal
MADRID, Apr 19 2023 – As many as 45 African countries –out of the Continent’s 54 nations–, all of them grouped in what is known as Sub-Saharan Africa, have now been further squeezed to their bones, as funding shrinks to lowest ever levels, and as a portion of the so-called aid goes back to the pockets of rich donor countries.

See what happens.

In its April 2023 World Economic Outlook, the International Monetary Fund (IMF) talks about a rocky recovery. In its reporting on that, it lowers global economic growth outlook as ‘fog thickens.’

“Donors have turned their aid pledges into a farce. Not only have they undelivered more than 193 billion dollars, but they also funnelled nearly 30 billion dollars into their own pockets by mislabeling what counts as aid”

It says that the road to global economic recovery is “getting rocky.’ And that while inflation is slowly falling, economic growth remains ‘historically low,’ and that the financial risks have risen.

 

Squeezed

Well. In its April Outlook, the IMF devotes a chapter to Sub-Saharan Africa, titled “The Big Funding Squeeze”.

It says that growth in Sub-Saharan Africa is expected to slow to 3.6 percent as a “big funding squeeze”, tied to “the drying up of aid and access to private finance,” hits the region in this second consecutive year of an aggregate decline.

If no measures are taken, “this shortage of funding may force countries to reduce fiscal resources for critical development like health, education, and infrastructure, holding the region back from developing its true potential.”

 

Some arguments

According to the IMF:

  • Public debt and inflation are at levels not seen in decades, with double-digit inflation present in half of countries—eroding household purchasing power and striking at the most vulnerable.
  • The rapid tightening of global monetary policy has raised borrowing costs for Sub-Saharan countries both on domestic and international markets.
  • All Sub-Saharan African frontier markets have been cut off from market access since spring 2022.
  • The US dollar effective exchange rate reached a 20-year high last year, increasing the burden of dollar-denominated debt service payments. Interest payments as a share of revenue have doubled for the average SSA country over the past decade.
  • With shrinking aid budgets and reduced inflows from partners, this is leading to a big funding squeeze for the region.

The giant monetary body says that the lack of financing affects a region that is already struggling with elevated macroeconomic imbalances.

 

Unprecedented debts and inflation

In a previous article: The Poor, Squeezed by 10 Trillion Dollars in External Debts, IPS reported on the external debt of the world’s low and middle-income countries, which at the end of 2021 totalled 9 trillion US dollars, more than double the amount a decade ago.

Such debts are expected to increase by an additional 1.1 trillion US dollars in 2023, thus totalling 10.1 trillion US dollars.

Now, the IMF reports that “public debt and inflation are at levels not seen in decades, with double-digit inflation present in about half of the countries—eroding household purchasing power and striking at the most vulnerable.”

In short, “Sub-Saharan Africa stands to lose the most in a severely fragmented world and stresses the need for building resilience.”

Like many other major international bodies, the IMF indirectly blames African Governments for non adopting the “right” policies and encourages further investments in the region, while some insist that the way out is digitalisation, robotisation, etcetera.

 

The big contradiction

Here, a question arises: are all IMF and other monetary-oriented bodies’ recommendations and ‘altruistic’ advice the solution to the deepening collapse of a whole continent, home to around 1,4 billion human beings?

Not really, or at least not necessarily. A global movement of people who are fighting inequality to end poverty and injustice, grounded in the commitment to the universality of human rights: Oxfam, on 13 April 2023 said that multilateral lender’s role in helping to insulate people in low- and middle-income countries from economic crises is “incoherent and inadequate.”

For example, “for every $1 the IMF encourages a set of poor countries to spend on public goods, it has told them to cut four times more through austerity measures.”

 

Countries forced to cut public funding

Then the global civil society movement explains that an important IMF initiative to shore up poor people in the Global South from the worst effects of its own austerity measures and the global economic crisis “is in tatters.”

New analysis by Oxfam finds that the IMF’s “Social Spending Floors” targets designed to help borrowing governments protect minimum levels of social spending— are proving largely powerless against its own austerity policies that instead force countries to cut public funding.

“The IMF’s ‘Social Spending Floors’ encouraged raising inflation-adjusted social spending by about $1 billion over the second year of its loan programs compared to the first year, across the 13 countries that participated where data is available.”

 

IMF’s austerity policies

By comparison, the IMF’s austerity drive has required most of those same governments to rip away over $5 billion worth of state spending over the same period, warns Oxfam.

“This suggests the IMF was four times more effective in getting governments to cut their budgets than it is in guaranteeing minimum social investments,” said incoming Oxfam International interim Executive Director, Amitabh Behar.

“This is deeply worrying and disappointing, given that the IMF had itself urged countries to build back better after the pandemic by investing in social protection, health and education,” Behar said.

“Among the 2 billion people who are suffering most from the effects of austerity cuts and social spending squeezes, we know it is women who always bear the brunt.”

 

A fig leaf for austerity?

In its new report “IMF Social Spending Floors. A Fig Leaf for Austerity?,” Oxfam analysed these components in all IMF loan programs agreed with 17 low- and middle-income countries in 2020 and 2021.

Oxfam’s report: “The Assault of Austerity” found inconsistencies between countries. There is no standard or transparent way of tracking progress and many of the minimum targets were inadequate.

The IMF has made some encouraging improvements in paying attention to social protection, health, and education, the report goes on, but it needs to do much more to avoid, in its own words, “repeating past mistakes”.

 

The farce of aid budget

In another report titled “Obscene amount of aid is going back into the pockets of rich countries,” Oxfam informed that on 12 April 2023 the Development Assistance Committee of the Organisation for Economic Cooperation and Development. (OECD DAC) published its preliminary figures on the amount of development aid for 2022.

According to the OECD report, in 2022, official development assistance (ODA) by member countries of the Development Assistance Committee (DAC) amounted to USD 204.0 billion.

This total included USD 201.4 billion in the form of grants, loans to sovereign entities, debt relief and contributions to multilateral institutions (calculated on a grant-equivalent basis); USD 0.8 billion to development-oriented private sector instrument (PSI) vehicles and USD 1.7 billion in the form of net loans and equities to private companies operating in ODA-eligible countries (calculated on a cash flow basis), it adds.

Total ODA in 2022 rose by 13.6% in real terms compared to 2021, says the OECD.

“This was the fourth consecutive year ODA surpassed its record levels, and one of the highest growth rates recorded in the history of ODA…”

 

The rich pocketing ‘obscene’ percentage of aid

In response, Marc Cohen, Oxfam’s aid expert, said: “In 2022, rich countries pocketed an obscene 14.4 percent of aid. They robbed the world’s poorest people of a much-needed lifeline in a time of multiple crises.

“Donors have turned their aid pledges into a farce. Not only have they undelivered more than 193 billion dollars, but they also funnelled nearly 30 billion dollars into their own pockets by mislabeling what counts as aid”.

 

Rich countries inflating their aid budgets

“They continue to inflate their aid budgets by including vaccine donations, the costs of hosting refugees, and by profiting off development aid loans. It is time for a system with teeth to hold them to account and make sure aid goes to the poorest people in the poorest countries.”

From Recovery to Resilience: Volcanic Eruption in Saint Vincent & the Grenadines Two Years on

UN Resident Coordinator Didier Trebucq visits a National Emergency Management Organization (NEMO) warehouse in the immediate aftermath of the volcanic eruption in 2021. Credit: UN Barbados and the Eastern Caribbean/Bajanpro

By Didier Trebucq
KINGSTOWN, Saint Vincent & the Grenadines, Apr 19 2023 – On the morning of 9th of April 2021, the La Soufrière Volcano on the main island of St. Vincent and the Grenadines erupted -filling the sky with ash and transforming the lives, livelihoods and landscape of this small Southern Caribbean nation.

The effects of the eruption were immediate. More than 22,000 people were displaced from their homes, buildings including schools and businesses were damaged, livestock was destroyed and almost an entire population was cut off from clean drinking water and other basic necessities for five months.

In total the damage amounted to more than $ 234 million; the impact of which was felt well beyond the main island to communities across the archipelago.

Two years later, the ash from La Soufrière has settled, but the aftermath of the eruption continues to shape ordinary life and the development trajectory of this Small Island Developing State.

For our UN country team in St. Vincent and the Grenadines, it also changed the way we work in the face of increasingly frequent crises. Reflecting on the response and recovery efforts since, there are many lessons to be learned:

Faced with the unprecedented scale of disruption, the response of our UN team in the Multi-country office for Barbados and the Eastern Caribbean, was swift and comprehensive.

Within less than 24 hours, a team including myself and the heads of WFP and UNICEF, disaster management experts and other emergency teams were deployed to support the initial humanitarian response.

Soon after, I joined the Prime Minister in launching a UN Global Funding Appeal to raise the funds to support the Government meet the basic needs of over 100, 000 people.

Thanks to the $1 million immediately released from the Central Emergency Response Fund (CERF) and funding from other donors, we were able to launch lifesaving response efforts with a focus on WASH, health, food security, education, health, logistics, protection, and shelter.

At the same time as these emergency interventions, we developed a Country Implementation Plan; which aligned emergency response with long-term recovery and development planning, including job creation and inclusive growth.

By taking this holistic approach, St. Vincent and the Grenadines was able to address early recovery and rehabilitation as well as prepare for social and economic shocks in the future.

The eruption of La Soufrière Volcano not only demonstrated the risks of living in a hazard prone region like the Southern Caribbean, but also laid bare the complex set of vulnerabilities common to many Small Island Developing States (SIDS).

From its small size, remote location, undiversified economy and exposure to climate-related shocks, St. Vincent and the Grenadines faced a specific set of structural challenges which made the impact of the eruption all the more acute. At the time of the disaster, the country was also dealing with the ongoing effects of COVID-19 pandemic on the health sector and tourism industry, and was responding to a concurrent dengue outbreak.

Understanding the nature of these vulnerabilities and how they relate to one another was key to designing an effective UN response. As part of these efforts, UN agencies with a presence in the country expanded and adapted their services quickly to provide tailored assistance.

PAHO and WHO for example, were able to expand their programmes to ensure access to quality health services in the immediate aftermath of the volcanic eruption while continuing to support the country respond to the COVID-19 pandemic.

In addition to this, we also set up a specific coordination structure to facilitate joint needs assessments and collective response strategies to tackle issues together.

Credit: UN Barbados and the Eastern Caribbean/Bajanpro

From social protection to livelihoods to education, we recognized that community resilience was key to St. Vincent and the Grenadines being more prepared to bounce back from future shocks.

Following the eruption, we worked with the Government to expand the Social Protection System, including supplying 1400 households with cash transfers which were linked to social empowerment programmes.

A post-disaster needs assessment undertaken by our UN team and partners also helped us better understand the social and economic impacts of the eruption on communities across the islands.

From this, we were able to design specific, people focused interventions to help strengthen agriculture value chains, digitize national statistics, and provide focused support to the education system.

Two years on, our roadmap towards a people-centered, resilient recovery is still ongoing. On the issue of food security for example, a Joint UN Programme implemented by FAO and WFP is working to build resilient livelihoods among farmers, fishers and vulnerable households by linking social protection to agriculture through data, information system and the adoption of more inclusive risk management practices.

Two years after the devastating volcanic eruption, communities across St. Vincent and the Grenadines are continuing to rebuild their lives and move steadily towards a resilient, long-term recovery.

Just as it up-ended livelihoods, the eruption also forced us to adapt the way we work and put the need for stronger community resilience and disaster risk management into sharp focus.

For St. Vincent and the Grenadines, like other Small Island Developing States, implementing these adaptations will become more important as the threat of shocks and climate related crises grow.

Although we don’t know what crises lie ahead, together with communities and partners across St. Vincent and the Grenadines, our UN country team is ready for them.

Didier Trebucq is Resident Coordinator for the Multi-Country Office in Barbados and the Eastern Caribbean, with editorial support from DCO.

Source: DCO, United Nations

The Development Coordination Office (DCO) manages and oversees the Resident Coordinator system and serves as secretariat of the UN Sustainable Development Group. Its objective is to support the capacity, effectiveness and efficiency of Resident Coordinators and the UN development system as a whole in support of national efforts for sustainable development.

DCO is based in New York, with regional teams in Addis Ababa, Amman, Bangkok, Istanbul and Panama, supporting 130 Resident Coordinators and 132 Resident Coordinator’s offices covering 162 countries and territories.

IPS UN Bureau

 


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Global Solidarity Needed to Address Taliban’s Attacks on Women’s Rights

Matiullah Wesa worked with community and tribal leaders in remote areas in Afghanistan to advocate for education and bring learning closer to communities.

By David Kode
JOHANNESBURG, Apr 19 2023 – Matiullah Wesa’s crime was to try to ensure young people got an education in Afghanistan. His recent forceful abduction by the Taliban offers the latest stark reminder that global solidarity and coherent action from the international community are needed to prevent the complete loss of the rights of women and girls in Afghanistan.

Matiullah has been at the forefront of advocating for access to education as a co-founder and leader of Pen Path. For more than a decade, Pen Path has worked with community and tribal leaders in remote areas in Afghanistan to advocate for education and bring learning closer to communities. It works to enlighten communities about the importance of education, particularly girl’s and women’s education, organises book donations, runs mobile libraries in remote areas and reopens schools closed by years of conflict and insecurity. Pen Path has reopened over 100 schools, distributed more than 1.5 million items of stationery and provided education facilities for 110,000 children – 66,000 of them girls. This is what Matiullah is being punished for.

The abduction of Matiullah and many others advocating for the rights of education point to a concerted effort by the Taliban to try to restrict women’s and girls’ access to education and silence those advocating for education and an inclusive society.

There are sadly many other instances. In November 2022 around 60 Taliban members stormed a press conference organised to announce the formation of Afghan Women Movement for Equality. They arrested conference participants and deleted all images from their phones.

Immediately after taking power in August 2021, the Taliban instructed women to stay at home and avoid travelling. In December 2022, the Ministry of Higher Education announced it had suspended university education for women until further notice. Taliban officials argued that female students did not wear proper clothing on campus and announced it was enforcing gender segregation in schools. These decisions have been accompanied by others that force thousands of female workers to stay at home and prevent women and girls entering public spaces such as parks.

In December 2022 the Taliban banned women from working for international and national civil society organisations. This was a move that could only be counter-productive, since women play a vital role in providing essential services that people need. Banning women from working for civil society organisations affects millions in dire need of humanitarian assistance and services to women and children, as well as further increasing unemployment. The Taliban urged organisations to suspend female staff under the pretence that workers did not adhere to the regime’s strict dress code.

Most recently, women have been banned from working for United Nations agencies that are operating in Afghanistan. The United Nations may have to pull out.

It has taken just months for the Taliban to reverse the gains made over the years before their return that saw Afghan women claim visibility in public life and work such roles as broadcasters, doctors and judges.

Women in Afghanistan are fighting but can’t succeed alone

These restrictions on women’s rights should be seen in the context of the closing of civic space and attacks on other fundamental rights. As a result, Afghanistan’s civic space rating was recently downgraded to closed, the worst category, by the CIVICUS Monitor, a research partnership that tracks civic space conditions in 197 countries.

Despite the ongoing restrictions against women, the brave women of Afghanistan refuse to back down. They continue to organise what protests they can against restrictions and women human rights defenders continue to advocate for the rights of all women and girls to access education and participate in decision-making processes.

When women protest against restrictions, they risk harassment, physical and psychological torture and detentions. Some have been forcefully abducted from their homes. In January 2022, Taliban gunmen raided the homes of women human rights defenders Parwana Ibrahimkhel and Tamana Zaryab and abducted them.

No society can reach its real potential without the participation of women. The international community must double its efforts to support women and girls in Afghanistan. States should respond proactively to the United Nations 2023 appeal for Afghanistan. Aid should however be made conditional on guarantees to uphold the fundamental rights of women and girls. The international community should accompany aid with a strategy to build a more inclusive and open society.

Not to do so would be to abandon the likes of Matiullah Wesa, the many others like him penalised for standing up for education and rights, and the women of girls of Afghanistan being forced into silence.

David Kode is the Advocacy and Campaigns Lead at CIVICUS, the global civil society alliance.

 


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Pacific Island Countries To Develop Advanced Warning System for Tuna Migration

Pacific Community-led regional initiative aims to assist countries in the region with mitigating the impacts of climate change-induced tuna migration. Credit: Pacific Community/SPC

Pacific Community-led regional initiative aims to assist countries in the region with mitigating the impacts of climate change-induced tuna migration. Credit: Pacific Community/SPC

By Neena Bhandari
SYDNEY, Apr 19 2023 – Climate change and warming ocean waters are causing tuna fisheries to migrate to international waters, away from a country’s jurisdiction, thereby putting the food and economic security of many Pacific Island countries and territories at risk.

Now a Pacific Community (SPC) led regional initiative will help ensure that these countries are equipped to cope with climate change-induced tuna migration.

“All the climate change projections indicate that there will be a redistribution of tuna from the western and central Pacific to the more eastern and towards the polar regions, that is not Antarctica or the Arctic, but to regions outside of the equatorial zones where they primarily occur at the moment,” says SPC’s Principal Fisheries Scientist, Dr Simon Nicol.

“This has really important implications for the Pacific Island countries. Our projections suggest that about one-fifth or about USD 100 million of the income derived from the tuna industry directly is likely to be lost by 2050 by these countries,” Nicol tells IPS.

The total annual catch of tuna in the western and central Pacific Ocean represents around 55 percent of global tuna production. Approximately half of this catch is from the exclusive economic zones (EEZs) of Pacific Island countries.

The recent USD15.5 million [NZD25 million] funding by New Zealand for SPC’s ‘Climate Science for Ensuring Pacific Tuna Access’ programme will enable Pacific Island countries to prepare and adapt the region’s tuna fisheries to meet the challenges posed by climate change.

Nicol says that the investment that New Zealand has provided for the programme will allow for more rigorous and timely monitoring of the types of changes that are occurring, both due to the impacts of fishing and climate change, at a very fine resolution. Secondly, it will also provide the additional resources that are needed to increase the ocean monitoring capacity to remove the anomalies and biases to particular local conditions, which often occur in global climate models.

“We have noted, for example, that the boundary of the warm pool in Papua New Guinea, Solomon Islands and Nauru can have an element of bias associated with it. It’s an important oceanographic feature in the western Pacific equatorial zone, which moves in association with the El Nino Southern Oscillation. Sometimes its eastern boundary is right next to Papua New Guinea, and at other times, it extends all the way past Nauru. It is a key driver of recruitment for skipjack tuna, so we need to be quite precise where that boundary is for any prediction of skipjack recruitment that occurs in any given year,” he tells IPS.

Several Pacific Island countries and territories find their food and economic security at risk due to the climate-change-induced migration of tuna into international waters. Credit: Pacific Community/SPC

Several Pacific Island countries and territories find their food and economic security at risk due to the climate-change-induced migration of tuna into international waters. Credit: Pacific Community (SPC)

The analysis at the ocean basin scale does not provide EEZ scale information for particular countries, and it is often not precise in predicting when the impact of climate change is going to manifest itself.

Under the programme, a Pacific-owned advanced warning system will be developed by SPC to help countries forecast, monitor and manage tuna migration, which is set to become more pronounced in the coming decades.

“The advanced warning system will allow us to zoom in on what the likely changes are in each particular country’s EEZ and also zoom in more accurately and precisely on when those changes are likely to occur, which is particularly important from a Pacific Island country perspective,” Nicol tells IPS.

Whilst Pacific Island countries manage the tuna resource collectively to ensure its biological sustainability, the income that they derive is very much a national-level enterprise. A recent study in Nature Sustainability estimates that the movement of tuna stocks could cause a fall of up to 17 percent in the annual government revenue of some of these countries.

The study notes that more than 95 percent of all tuna caught from the jurisdictions of the 22 Pacific Island countries and territories comes from the combined EEZs of 10 Pacific Small Island Developing States (SIDS) – Cook Islands, Federated States of Micronesia, Kiribati, Marshall Islands, Nauru, Palau, Papua New Guinea, Solomon Islands, Tokelau and Tuvalu. On average, they derive 37 percent (ranging from 4 percent for Papua New Guinea to 84 percent for Tokelau) of all government revenue from tuna-fishing access fees paid by foreign industrial fishing fleets.

“The advanced warning system would allow for more refined predictions of the changes in tuna stock, abundance, distribution and the fisheries around them. This is very important to what each country gets as access fees, which relates to how much tuna is typically caught in their EEZ,” says Dr Meryl Williams, Vice Chair of the Scientific Advisory Committee of the International Seafood Sustainability Foundation.

“Access fees usually form part of the general consolidated revenue that the government has to spend on hospitals, education and infrastructure, and hence it is a very important source of revenue for people’s economic development in many of the Pacific Island countries,” she adds.

Currently, the program is focused only on the four dominant tuna species – Skipjack (Katsuwonus pelamis), Yellowfin (Thunnus albacares), Bigeye (Thunnus obesus) and the South Pacific Albacore (Thunnus alalunga) – caught in the Pacific Island countries.

SPC’s Director of Climate Change and Environmental Sustainability, Coral Pasisi says, “Without successful global action to mitigate climate change, the latest ecosystem modelling predicts a significant decrease in the availability of tropical tuna species (tuna biomass) in the Western Pacific due to a shifting of their biomass to the east and some declines in overall biomass. Negative impacts on coastal fish stocks important for local food security are also predicted”.

Curbing greenhouse gas emissions in line with The Paris Agreement could help limit tuna migration away from the region. “We have to ensure sustainable fishing levels for the Pacific Islands. To reach this goal, developed countries should act quickly and increase their ambition to stay below 1.5 degrees centigrade, and Pacific countries should maintain sustainable management of their fisheries resources,” Pasisi tells IPS.

She says the future of the Pacific region’s marine resources will be secured through nearshore fish aggregating devices, sustainable coastal fisheries management plans, and aquaculture.

“We must also complete the work on delineating all Exclusive Economic Zone boundaries to ensure sovereignty over the resources. We need and seek international recognition for the permanency of these. We also must work with all fishing nations in the Pacific to ensure that sustainable management of tuna fisheries continues, even if there is a shift into international waters,” Pasisi adds.

The programme will work with Pacific Island countries and territories to develop and implement new technologies and innovative approaches to enable the long-term sustainability of the region’s tuna fisheries.

There is a need to also recognise the more direct fisheries benefits that people, including women, receive from their contributions to the tuna industry, says Williams, who is also the founder and immediate past Chair of the Gender in Aquaculture and Fisheries section of the Asian Fisheries Society.

“Looking at the whole of employment in small-scale and industrial fisheries tuna value chains, not just fishing but also processing, trading, work in offices and in fisheries management etc., we estimate that women probably make up at least half, if not more than half, of the labour force in the tuna industry. Hence, their role is very important in sustainably managing the tuna stock in Pacific Island countries,” she tells IPS.

IPS UN Bureau Report

 


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