Attacks on UNRWA Not About Its Neutrality, Says UNRWA Chief

By Naureen Hossain
NEW YORK, Apr 24 2024 – The UN Palestinian refugee agency welcomed the recommendations made in the report from the independent investigation led by Catherine Colonna and warned of new and continuing concerns that threaten the agency’s operations.

Philippe Lazzarini

UNRWA Commissioner-General Philippe Lazzarini spoke to reporters on Tuesday. He was in New York to speak before the Security Council, which recently convened to discuss the status of UNRWA, where he warned of the “reluctant disregard” for UN staff and premises in the region since the current outbreak of violence in Gaza on October 7.

He noted that over 160 UNRWA buildings have been damaged, and 180 UN staff members have been killed during this time. The premises that have been vacated are now being used by military groups from both sides of the conflict, including Hamas and Israeli military forces.

Lazzarini remarked that the attacks on UNRWA—literal and rhetorical—were motivated not by concerns for its neutrality but were “primarily motivated to strip Palestinians from the region”.

Where UNRWA’s support has taken the greatest hits, there has been in support from donors. Since late January, more than sixteen countries suspended their support to UNRWA in the wake of accusations that some of its staff members were involved in the October 7 attack in Israel. Support had been suspended under the stipulation that while the agency was under investigation, donors had to temporarily freeze funding. Since the release of the interim report from the Colonna investigation, Lazzarini stated that “a number of countries” have resumed their support of UNRWA to the extent that the agency is funded through the month of June.

Lazzarini also told reporters that his focus now was to bridge the funding gap left by the United States, which was UNRWA’s biggest donor, and was among the first to suspend its support. The US is stipulated to freeze its funding to UNRWA until March 2025. Should this suspension be long-lasting, Lazzarini warned that it would have a “sustainable impact” on UNRWA funding and operations.

He remarked that “grassroots solidarity through digital fundraising” has bolstered support for UNRWA. The agency has received 50–100 million USD in donations since the current hostilities.

UNRWA staff on the ground continue their work under dangerous circumstances and even under questions of the agency’s neutrality. The ongoing attacks against the Palestinians raise the question of whether UNRWA can or should maintain neutrality under the circumstances. Lazzarini noted that UNRWA staff and the communities they serve are “deeply anxious of the possibility that UNRWA could be dismantled. UNRWA has been a lifeline not only for the community, but for their families,” Lazzarini said.

Lazzarini’s press briefing also followed the public release of the report from the independent investigation into UNRWA, led by former French foreign minister Catherine Colonna. The report is the result of a nine-week investigation into the agency’s operations and conduct to assess its neutrality as a UN entity. In short, the report makes several key recommendations to address concerns over transparency in communications and accountability, management reform, staff neutrality, and cooperation with other UN agencies, among others.

With regards to the report, Lazzarini said that UNRWA would keep member states regularly informed of their plans to implement the recommendations made in the Colonna report, while also adding that the success of these recommendations would require the full support of donors.

IPS UN Bureau Report

 


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US Foreign Policy in Middle East Still Governed by Israeli Priorities

The Palestinian Flag in the West Bank city of Ramallah. Credit: UN News

By Ramzy Baroud
SEATTLE, Washington, Apr 24 2024 – The vote and the American veto at the United Nations Security Council on April 18 was predictable. Though European countries are increasingly supportive of a Palestinian state, the US is not yet ready for that eventuality, for these reasons:

One, US foreign policy in the Middle East is still governed by Israeli priorities. And since the majority of Israelis reject the idea of a Palestinian state, of any ‘concession’ to the Palestinians, or even of the most basic rights for Palestinians, the weak US president could have not possibly defied that solid Israeli position.

Two, the fact that Israel, per the words of its ambassador at the UN, Gilad Erdan, saw that a vote for Palestine would be equivalent to ‘rewarding terrorism’, created the kind of political discourse that would have made a positive American vote or an abstention from the vote akin to supporting so-called terrorism.

Three, Biden, in his mind, cannot politically afford supporting an independent Palestine only a few months ahead of one of the most decisive elections in US history.

The Republicans made it clear that their support for Israel is blind and unconditional. They have also made it clear that they are ready to exploit any comment – let alone action – by Biden and his officials that may seem critical of Israel in any way. All of these factors combined made the American veto quite predictable.

However, the vote was still important and revealing for the following reasons:

One, the international community remains largely united in its support of the Palestinians.

Two, the positive vote by France, a very important and influential European country, signals a shift in the perception of European body politic towards Palestine.

Three, the strong statements emanating by Ireland, Spain and others in this regard indicates that the trajectory of the support of Palestine in Europe will continue in the coming months and years.

Four, the outcome of the vote further isolates the United States, exactly as much as the Israeli genocide in Gaza has also exposed and isolated Washington, as the only line of defense for Tel Aviv, allowing it to violate the rights of the Palestinian people and to deny them the very political horizon needed for a just peace in the Middle East.

And finally, it further accentuates Biden’s inability to liberate himself from the stronghold imposed on him and his party by Israel’s supporters – Israel’s backers within the Democratic Party institution and the pro-Israel lobby from without.

Despite the negative vote, however, Palestinians, now, have renewed resolve that they would ultimately be able to prevail. This feeling is buoyed by the strong support for Palestine at the UNSC and at the General Assembly, the growing sympathy of the Palestinians worldwide and the continued resistance of Palestinians in Gaza.

https://www.ipsnews.net/2024/04/will-two-state-solution-include-palestine-un-member-state/

Dr Ramzy Baroud is a journalist and the Editor of The Palestine Chronicle. He is the author of six books. His latest book, co-edited with Ilan Pappé, is “Our Vision for Liberation: Engaged Palestinian Leaders and Intellectuals Speak out”. Dr. Baroud is a Non-resident Senior Research Fellow at the Center for Islam and Global Affairs (CIGA). His website is www.ramzybaroud.net

IPS UN Bureau

 


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Rich Nation Hypocrisy Accelerating Global Heating

By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, Apr 24 2024 – Rich nations’ climate hypocrisy is accelerating global heating, pushing the planet closer to irreversible catastrophe, with its worst consequences borne by the poorest, both countries and peoples.

Climate injustice
While official and other discourses acknowledge or even invoke the need for collective responsibility, the disparity in culpability between wealthy nations and the developing world is stark.

Jomo Kwame Sundaram

Historically, the industrialised nations of the global North have been the primary contributors to greenhouse gas emissions but continue to evade their fair share of responsibility.

The narrative of an equally shared burden of combating climate change conveniently obscures disproportionately greater emissions and historical exploitation by rich countries.

The European Union’s ambitious new ‘equitable’ climate policies, such as the Carbon Border Adjustment Mechanism (CBAM), continue this hypocrisy. While ostensibly aimed at reducing emissions, such measures burden developing countries more, further deepening world inequalities.

Market solutions best?
Similarly, carbon taxes, prices and emissions trading systems make it much harder for nations with fewer resources to afford adequate climate action. They have few resources to adapt to global heating and its effects, let alone afford the costly transitions to cleaner technologies and other mitigation measures.

Furthermore, developed nations have relocated energy-intensive industries to the global South to ‘export emissions’. Thus, they effectively shift blame while consuming most goods and services produced at high environmental costs.

Limiting the average temperature increase to no more than 1.5°C (degrees Celsius) above pre-industrial levels, as agreed to by the UNFCCC, will require drastic reduction of carbon (dioxide equivalent) emissions by 45% below 2010 levels by 2030!

Instead, the Intergovernmental Panel on Climate Change (IPCC) estimates current trends will increase the average temperature by 2.7°C by 2100, far above catastrophic levels.

Despite the urgency, countries are mainly focused on committing to the distracting ‘net-zero’ carbon emissions by 2050, ignoring the urgent need for substantial greenhouse gas (GHG) emissions cuts.

At recent climate conferences, carbon pricing and related market mechanisms have been ‘sold’ as an effective and fair means to rapidly reduce carbon dioxide and other GHG emissions to mitigate climate change.

Carbon tax revenue distribution
Worse, there is no discussion of how revenues from carbon taxation should be distributed equitably to accelerate climate adaptation and mitigation efforts in poorer countries.

Carbon pricing claims to penalise GHG emitters for the economic damages and losses caused by global warming. However, there is little evidence of efforts to compensate those most adversely affected.

Moreover, carbon market schemes have only made grossly inadequate impacts. Emissions have only been marginally reduced, well short of what the world needs to address the climate threat.

Besides being ineffective, only a tiny fraction of global GHG emissions are subject to carbon taxes, often imposed using biased methods and assumptions.

Carbon price discounts
Carbon prices have also been grossly discounted to induce market participation and public acceptability. Hence, carbon tax rates do not reflect the supposed social costs of adverse externalities.

Worse, despite the potential of carbon taxes to generate significant revenue for climate finance, progressive redistributive measures have not been developed, let alone implemented.

Hence, carbon pricing policies are not up to the task. They also fail to address underlying systemic issues driving global heating. Carbon taxes tend to be regressive, disproportionately burdening low-income individuals and countries.

Without a progressive reallocation of resources, poor nations and people cannot afford to adapt to global heating, let alone contribute to needed worldwide climate action efforts or achieve sustainable development.

Government fossil fuel subsidies, e.g., to ensure support against Russia after its Ukraine invitation, have undermined the purpose of carbon pricing. With such subsidies, carbon prices became negative in many countries in 2022.

Zero for ‘net-zero’
Carbon offset markets, touted as a way to achieve net-zero emissions, have been criticised as an ineffective distraction, allowing the wealthy to continue emitting GHGs while profiting financial intermediaries.

While successfully touted as a rallying slogan for climate action, the net-zero emissions target is dangerously misleading. Commitments to achieve net-zero emissions typically rely on ‘offsetting’, which allows countries and companies to avoid reducing emissions.

Despite earlier surges in demand for carbon offsets from major financial investors, much of the profit goes to arbitrage, speculation, and trading rather than decarbonisation efforts.

Initiatives like the Glasgow Financial Alliance for Net Zero were touted as significant breakthroughs. However, there is much reason to be sceptical about the effectiveness of such initiatives for reducing GHG emissions.

Less than half a year after the Glasgow Conference of Parties (COP), the North Atlantic Treaty Organization (NATO) and allied countries abandoned their declared commitment to end burning coal despite all its additional dangers, such as sulphide and sulphate emissions.

Market solutions or delusions?
While carbon pricing and offset markets have been promoted as solutions to mitigate global warming, their limitations and ineffectiveness in significantly reducing emissions underscore the need for alternative strategies.

Selective investment and technology promotion policies and greatly increased climate finance for adaptation and mitigation in developing countries are crucial.

They can only succeed if pragmatically conceived and implemented, considering the range of sustainable development and other challenges faced.

Addressing climate change requires a comprehensive, equitable, and pragmatic approach that prioritises substantial emissions reductions and supports vulnerable populations most affected by global heating.

IPS UN Bureau

 


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EMGA décroche un financement de 15 millions de dollars US pour Banco Improsa au Costa Rica

LONDRES, 24 avr. 2024 (GLOBE NEWSWIRE) — En partenariat avec Banco Improsa, Emerging Markets Global Advisory LLP, ci–après « EMGA », annonce avoir obtenu l’ouverture d’une ligne de crédit à hauteur de 15 millions de dollars auprès de l’Agence japonaise de coopération internationale (ou JICA pour Japan International Cooperation Agency).

« Malgré la complexité du contexte macroéconomique mondial, nous nous réjouissons d’appuyer une fois de plus la vision durable de Banco Improsa pour soutenir les PME au Costa Rica et de mener à bien ce financement. » observe Sajeev Chakkalakal, Responsable de la branche Investissement et directeur général d’EMGA.

Félix Alpizar Lobo, Directeur général de Banco Improsa, commente la transaction en ces termes : « Ce financement confirme notre engagement en faveur du renforcement des PME au Costa Rica, et Banco Improsa est fière de partager l’objectif de la JICA en contribuant à la croissance économique et sociale des pays en voie de développement. »

Jeremy Dobson, directeur général d’EMGA, ajoute que « La solide gestion et la bonne santé financière de Banco Improsa ont joué un rôle clé pour aider l’équipe de la branche Investissement d’EMGA à obtenir ce financement. Ce soutien de la JICA contribuera à renforcer davantage la capacité de Banco Improsa à faire progresser son portefeuille de prêts dédiés aux PME. »

JICA

L’Agence japonaise de coopération internationale est une agence gouvernementale qui fournit une part majeure de l’aide publique au développement pour le compte du gouvernement japonais. Elle est chargée de soutenir la croissance économique et sociale dans les pays en voie de développement et de promouvoir la coopération internationale.

EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)

Implantée à Londres et à New York, EMGA vient en aide aux établissements financiers et aux entreprises en quête de nouveaux capitaux d’emprunt ou de capitaux propres. Son équipe multinationale compte des décennies d’expérience dans la réalisation de transactions pour le compte de ses clients sur les marchés émergents et les économies frontières de tous les pays du monde, y compris au Costa Rica qui reste un marché clé. EMGA continue d’élargir son rayonnement géographique et d’étoffer son offre de services en capitalisant sur son expérience reconnue dans la formation de capital et les prestations de conseil stratégique étendues à divers cycles économiques. Elle assied ainsi sa position prédominante sur le marché de banque d’investissement de niche ciblée sur les marchés émergents.

BANCO IMPROSA

Forte de plus de 37 ans d’expérience, Banco Improsa est une banque commerciale dont le modèle relationnel d’affaires et l’assise sur les marchés de niche convergent vers une spécialisation visant la fourniture de solutions et de services de financement aux petites et moyennes entreprises (ou PME), entre autres. Elle fait partie des premières banques privées du Costa Rica à proposer des services non financiers à ses clients et propose des conseils et un appui aux PME de longue date. Le principal facteur de réussite de Banco Improsa réside dans son engagement à respecter des normes élevées de service, en toute agilité et flexibilité, qui alliées à sa gamme de solutions financières personnalisées, lui a permis d’atteindre une franche position sur ce secteur.

Banco Improsa est une filiale du Grupo Financiero Improsa (ou GFI).

Coordonnées :
info@emergingmarketsglobaladvisory.com 


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A EMGA obtém financiamento de US$ 15 milhões para o Banco Improsa na Costa Rica

LONDRES, April 23, 2024 (GLOBE NEWSWIRE) — A Emerging Markets Global Advisory LLP (EMGA), em parceria com o Banco Improsa, anuncia que obteve uma linha de crédito de US$ 15 milhões da Japan International Cooperation Agency (JICA).

Sajeev Chakkalakal, chefe de banco de investimento e diretor administrativo da EMGA, afirmou: “Apesar de um ambiente macroeconômico global complicado, temos o prazer de mais uma vez facilitar a visão contínua do Banco Improsa de apoiar as PMEs na Costa Rica e concluir essa solução de financiamento.”

Ao comentar a transação, Felix Alpizar Lobo, gerente geral do Banco Improsa, disse: “Esse financiamento reitera nosso compromisso de fortalecer o segmento de PMEs na Costa Rica. O Banco Improsa orgulha–se de compartilhar o objetivo da JICA que é contribuir para o crescimento econômico e social dos países em desenvolvimento.”

Jeremy Dobson, diretor administrativo da EMGA, acrescentou: “A sólida gestão e a posição financeira saudável do Banco Improsa foram fatores fundamentais para ajudar a equipe do banco de investimentos da EMGA a garantir esse financiamento, e essa linha de crédito da JICA reforçará ainda mais a capacidade do Banco Improsa de aumentar sua principal carteira de empréstimos para PMEs.”

JICA

A Japan International Cooperation Agency é uma agência governamental que fornece a maior parte da Assistência Oficial ao Desenvolvimento para o governo do Japão. Ela foi criada para ajudar no crescimento econômico e social dos países em desenvolvimento e na promoção da cooperação internacional.

EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)

A EMGA, com filiais em Londres e Nova York, auxilia instituições financeiras e empresas que buscam novos capitais de dívida ou acionários. A equipe multinacional da EMGA combina décadas da experiência necessária para concluir transações em nome de seus clientes nos mercados emergentes e economias de fronteira do mundo, incluindo a Costa Rica, que continua sendo um mercado importante. Com um histórico comprovado em formação de capital e consultoria estratégica ao longo de diversos ciclos econômicos, a EMGA continua expandindo seu alcance geográfico e sua oferta de serviços, solidificando sua posição no mercado como um dos bancos de investimento de nicho mais proeminentes do setor voltado para mercados emergentes.

BANCO IMPROSA

É um banco comercial com mais de 37 anos de experiência, cujo modelo de negócios relacional e o foco em nichos de mercado são voltados para o fornecimento de soluções e serviços de financiamento para pequenas e médias empresas (PMEs), entre outros. O Banco Improsa foi um dos primeiros bancos privados da Costa Rica a prestar serviços não financeiros a seus clientes e conta com um longo histórico de aconselhamento e apoio a PMEs. O principal fator de sucesso do Banco Improsa é seu compromisso com elevados padrões de atendimento ágil e flexível, o que, aliado à oferta de soluções financeiras personalizadas, lhe conferiu uma sólida posição nesses segmentos.

O Banco Improsa é uma empresa subsidiária do Grupo Financiero Improsa (GFI).

Informações de contato
info@emergingmarketsglobaladvisory.com 


GLOBENEWSWIRE (Distribution ID 1000946462)

EMGA sichert Finanzierung von 15 Mio. US-Dollar für Banco Improsa in Costa Rica

LONDON, April 24, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) gibt in Zusammenarbeit mit der Banco Improsa bekannt, dass sie eine Kreditlinie in Höhe von 15 Millionen US–Dollar von der Japan International Cooperation Agency (JICA) erhalten hat.

Head of Investment Banking und Managing Director von EMGA, Sajeev Chakkalakal, dazu: „Trotz des schwierigen globalen makroökonomischen Umfelds freuen wir uns, dass wir Banco Improsas Vision, KMU in Costa Rica zu unterstützen, erneut unterstützen und diese Finanzierungslösung abschließen konnten.“

Felix Alpizar Lobo, General Manager von Banco Improsa, kommentierte die Transaktion mit den Worten: „Diese Finanzierung bekräftigt unser Engagement für die Stärkung des KMU–Segments in Costa Rica. Die Banco Improsa ist stolz darauf, das Ziel der JICA zu teilen, einen Beitrag zum wirtschaftlichen und sozialen Wachstum der Entwicklungsländer zu leisten.“

Jeremy Dobson, Managing Director der EMGA, fügte hinzu: „Das starke Management und die gesunde Finanzlage von Banco Improsa waren die Schlüsselfaktoren, die dem Investmentbanking–Team der EMGA geholfen haben, diese Finanzierung zu sichern, und diese JICA–Fazilität wird die Fähigkeit von Banco Improsa weiter stärken, ihren Kernbestand an KMU–Krediten auszubauen.“

JICA

Die Japan International Cooperation Agency ist eine Regierungsbehörde, die den größten Teil der offiziellen Entwicklungshilfe für die japanische Regierung leistet. Sie hat die Aufgabe, das wirtschaftliche und soziale Wachstum der Entwicklungsländer zu unterstützen und die internationale Zusammenarbeit zu fördern.

EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)

EMGA, mit Büros in London und New York, unterstützt Finanzinstitute und Unternehmen bei der Suche nach neuem Fremd– oder Eigenkapital. Das multinationale Team der EMGA verfügt über die jahrzehntelange Erfahrung, die notwendig ist, um Transaktionen für ihre Kunden in den Schwellen– und Grenzmärkten der Welt durchzuführen, einschließlich Costa Rica, das nach wie vor ein wichtiger Markt ist. Mit einer nachgewiesenen Erfolgsbilanz in den Bereichen Kapitalbildung und strategische Beratung in verschiedenen Konjunkturzyklen baut EMGA seine geografische Reichweite und sein Serviceangebot weiter aus und festigt seinen Platz auf dem Markt als eine der branchenweit herausragenden, auf Schwellenländer fokussierten Nischen–Investmentbanken.

BANCO IMPROSA

Sie ist eine Geschäftsbank mit mehr als 37 Jahren Erfahrung, deren Geschäftsmodell auf Beziehungen und Nischenmärkte ausgerichtet ist und die sich unter anderem auf die Bereitstellung von Finanzierungslösungen und Dienstleistungen für kleine und mittlere Unternehmen (KMU) spezialisiert hat. Die Banco Improsa war eine der ersten Privatbanken in Costa Rica, die ihren Kunden nicht–finanzielle Dienstleistungen anbot, und verfügt über eine langjährige Erfahrung in der Beratung und Unterstützung von KMU. Der wichtigste Erfolgsfaktor der Banco Improsa ist ihr Engagement für hohe Standards in Bezug auf einen agilen und flexiblen Service, der ihr zusammen mit dem Angebot maßgeschneiderter Finanzlösungen eine solide Position in diesen Segmenten verschafft hat.

Die Banco Improsa ist eine Tochtergesellschaft der Grupo Financiero Improsa (GFI).

Kontaktinformationen:
info@emergingmarketsglobaladvisory.com 


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