L'usine Hisense d'Atlantis célèbre 11 ans de croissance et d'engagement communautaire

JOHANNESBURG, Afrique du Sud, 04 juill. 2024 (GLOBE NEWSWIRE) — Il y a onze ans, Hisense a pris une décision révolutionnaire qui a largement contribué à l'économie sud–africaine, et en particulier à celle de la province du Cap–Occidental. Depuis l’inauguration de son usine en 2013, celle–ci est devenue le plus grand site de production de téléviseurs en Afrique subsaharienne. Aujourd'hui, Hisense célèbre cette étape importante avec ses honorables amis.

Engagement en faveur de la communauté et de l'émancipation économique
L'importance de l'usine va au–delà de la simple production d'appareils électroménagers. Elle a permis de créer des emplois indispensables et de renforcer l'autonomie économique de la communauté du Cap–Occidental. Hisense est fière d'avoir contribué aux moyens de subsistance de nombreuses familles, favorisant ainsi un avenir durable pour les communautés dans lesquelles elle opère.

Investissement social de l'entreprise et engagement communautaire
La philosophie de Hisense repose considérablement sur l’investissement social d'entreprise et l'engagement communautaire. Le partenariat avec divers foyers pour enfants illustre parfaitement cet engagement, en apportant un soutien aux jeunes et en stimulant leur esprit. « Aujourd'hui, nous sommes ravis d'accueillir les enfants d'Ikamva Labantu, afin d'éveiller leur intérêt pour la technologie et de les inspirer à façonner l'avenir », a déclaré Luna, directrice générale adjointe de Hisense Afrique du Sud.

Soutien à l'environnement et à la communauté
Soucieuse de l'environnement, Hisense fait un don à SANParks, qui participe à la sauvegarde des pingouins de Boulders Beach. L'entreprise offre des produits d'une valeur de 40 000 R, dont deux réfrigérateurs à deux portes, un four à micro–ondes et une machine à laver à chargement par le dessus de 18 kg. De plus, un réfrigérateur à deux portes H670SIT–WD est offert à Ikamva Labantu pour soutenir les communautés locales du Cap.

Réalisations et engagement future
Le classement de Hisense TV au deuxième rang mondial et au premier rang mondial pour les téléviseurs de 100 pouces souligne son engagement envers la qualité et l'innovation. Cela place Hisense en tant qu'acteur clé sur le marché mondial, et renforce son ambition d'offrir continuellement l'excellence.

En se remémorant les 11 années de présence en Afrique du Sud, Luna a annoncé : « L'usine d'Atlantis a réussi à fabriquer un nombre impressionnant de 4,5 millions de téléviseurs et 2,9 millions de réfrigérateurs, ce qui réaffirme notre engagement envers la durabilité, l'innovation et l'autonomisation des communautés ».

L'usine Hisense d'Atlantis est bien plus qu'un simple site de production ; c'est un symbole d'espoir et de résilience, reflétant le pouvoir des partenariats public–privé à promouvoir le développement économique et de l'autonomisation des communautés.

Une photo accompagnant cette annonce est disponible sur le lien suivant : https://www.globenewswire.com/NewsRoom/AttachmentNg/767ca8d5–d6d7–43e9–8818–4f87d371eb86


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Investing in Teachers, School Leaders Key in Keeping Girls in School UN-African Union Study Finds

Girls at Dabaso Girls School in Malindi, Kenya, pose with a ball during break time. Universal secondary education could virtually end child marriage and reduce early childbearing by up to three-fourths, according to an African Union and UNESCO report. Credit: Courtesy of Stafford Ondego for the EDT PROJECT

Girls at Dabaso Girls School in Malindi, Kenya, pose with a ball during break time. Universal secondary education could virtually end child marriage and reduce early childbearing by up to three-fourths, according to an African Union and UNESCO report. Credit: Courtesy of Stafford Ondego for the EDT PROJECT

By Maina Waruru
NAIROBI & ADDIS ABABA, Jul 4 2024 – Investing in teachers and school leaders in Africa is the most important factor in promoting educational opportunities for girls, keeping them in school and ending child marriage, ultimately reducing gender inequality through education.

Having more female teachers in schools and having more of them lead the institutions is even more important for keeping the girls in school beyond the primary level and providing them with role models to motivate them to continue learning.

While low educational attainment for girls and child marriage are profoundly detrimental for the girls, their families, communities, and societies, investments in teachers and school leaders are also key in ending lack of learning, identified as the single biggest cause of school dropout for girls, besides traditional factors including social and cultural ones.

Despite data showing that less than a fifth of teachers at the secondary level for example, are women in many African countries, and the proportion of female school leaders is even lower, the teachers have been proven to improve student learning and girls’ retention beyond primary and lower secondary school.

As a result, better opportunities must be given to women teachers and school leaders in order to bring additional benefits to girls’ education, as women often remain in teaching for a longer time, a report by the United Nations and the African Union says.

The absence of the above has led to high drop-outs, resulting in low educational attainment, a higher prevalence of child marriage, and higher risks of early childbearing for girls across Africa, according to the reportEducating Girls and Ending Child Marriage in Africa: Investment Case and the Role of Teachers and School Leaders.

“Increasing investments in girls’ education yields large economic benefits, apart from being the right thing to do. This requires interventions for adolescent girls, but it should also start with enhancing foundational learning through better teaching and school leadership,” the document tabled at the 1st Pan-African Conference on Girls and Women’s Education taking place July 2–5 in Addis Ababa, Ethiopia.

The lack of foundational learning is a key cause leading to drop-out in primary and lower-secondary schools, it finds, further noting that while teachers and school leaders are key to it, new approaches are also needed for pedagogy and for training teachers and school heads.

“Targeted interventions for adolescent girls are needed, but they often reach only a small share of girls still in school at that age; by contrast, improving foundational learning would benefit a larger share of girls (and boys) and could also make sense from a cost-benefit point of view,” it adds.

Parents in 10 francophone countries who responded to household surveys cited the lack of learning in school—the absence of teaching despite children attending classes—for their children dropping out, accounting for over 40 percent of both girls and boys dropping out of primary school, it further reveals.

The lack of learning, blamed on teacher absence, accounts for more than a third of students dropping out at the lower secondary level, meaning that improving learning could automatically lead to significantly increased educational attainment for girls and boys alike.

“To improve learning, reviews from impact evaluations and analysis of student assessment data suggest that teachers and school leaders are key. Yet new approaches are needed for professional development, including through structured pedagogy and training emphasizing practice. Teachers must also be better educated; household surveys for 10 francophone countries suggest that only one-third of teachers in primary schools have a post-secondary diploma,” the survey carried out in 2023 laments.

It calls for “better opportunities” for female teachers and school principals, noting that this would bring additional benefits as women also tend to remain in teaching for a longer time compared to men.

Better professional standards and competency frameworks are also needed for teachers to make the profession more attractive and gender-sensitive, it finds, revealing that countries have not yet “treated teaching as a career” and lack a clear definition of competencies needed at different levels of the profession.

Throughout sub-Saharan Africa, just over two-thirds of girls complete their primary education and four in ten complete lower secondary education explains the study authored by Quentin Wodon, Chata Male, and Adenike Onagoruwa for the African Union’s  International Centre for the Education of Girls and Women in Africa (AU/CIEFFA) and the UN agency for education, culture and science, UNESCO.

Quoting the latest data from the UNESCO Institute for Statistics, it reveals that while nine in ten girls complete their primary education and over three in four complete their lower secondary education globally, the proportions are much lower in Sub-Saharan Africa, where slightly over two-thirds of the girls—69 percent compared to 73 percent boys—complete their primary education, and four out of ten girls—43 percent compared to 46 percent boys—complete lower secondary education.

Providing girls and women with adequate opportunities for education could have large positive impacts on many development outcomes, including higher earnings and standards of living for families, ending child marriage and early childbearing, reducing fertility, on health and nutrition, and on well-being, among others.

It observes that gains made in earnings are substantial, especially with a secondary education, noting that women with primary education earn more than those with no education, “but women with secondary education earn more than twice as much, but gains with tertiary education are even larger.”

Each additional year of secondary education for a girl could reduce their risk of marrying as a child and having a child before the age of 18.

“Universal secondary education could virtually end child marriage and reduce early childbearing by up to three-fourths. By contrast, primary education in most countries does not lead to large reductions in child marriage and early childbearing,” it declares.

The organizations make a strong case for the importance of secondary education for girls, explaining that universal secondary education would also have health benefits, including increasing women’s knowledge of HIV/AIDS by one-tenth, increasing women’s decision-making for their own healthcare by a fourth, helping reduce under-five mortality by one-third, and potentially lowering under-five stunting in infants by up to 20 percent.

In addition, secondary education while ending child marriage could reduce fertility—the number of children women have over their lifetime nationally by a third on average—slowing population growth and enabling countries to benefit from the “demographic dividend.”

Other benefits include a reduction in “intimate partner” violence, an increase in women’s decision-making in the household by a fifth and the likelihood of registering children at birth by over 25 percent.

To remedy the crisis, there was a need to improve the attractiveness of the teaching profession as one way of getting more females heading schools, Wodon, Director of UNESCO’s International Institute for Capacity Building in Africa (IICBA), said during the report’s launch at the conference.

“Virtually all teachers are dissatisfied with their job, meaning that there is a need to improve job satisfaction in the profession besides improving salaries,” he noted.

While retaining girls in school lowered fertility rates by up to a third in some countries, the study’s aim for advocating for more education for girls had nothing to do with the need for lower fertility but was in the interest of empowering girls and women in decision-making.

Empowering girls through education places them in a better position in society in terms of power relations between them and males, observed Lorato Modongo, an AU-CIEFFA official.

“It is a fact that we cannot educate girls without challenging power dynamics in patriarchal settings, where men make decisions for everyone,” she noted.

Overall, the report regrets that gender imbalances in education and beyond, including in occupational choices, result from deep-seated biases and discrimination against women, which percolate into education. It is therefore essential to reduce inequality both in and through education, acknowledging that education has a key role to play in reducing broader gender inequalities in societies.

“While educating girls and ending child marriage is the right thing to do, it is also a smart economic investment.”

IPS UN Bureau Report

 


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CSL Behring Announces First Two Patients Treated with HEMGENIX® (etranacogene dezaparvovec) Gene Therapy for Hemophilia B in Europe

MARBURG, Germany, July 04, 2024 (GLOBE NEWSWIRE) — Global biotechnology leader CSL Behring (ASX: CSL) today announced that two hemophilia B patients were treated with the gene therapy HEMGENIX® (etranacogene dezaparvovec) at Hemophilia Treatment Centers in France. This milestone achievement makes HEMGENIX® the first gene therapy administered as a treatment in a real–world setting for hemophilia B in Europe.

HEMGENIX® is the first one–time gene therapy approved in Europe for the treatment of adults with severe and moderately severe hemophilia B, an inherited bleeding disorder caused by the lack of Factor IX (a protein needed to produce blood clots to stop bleeding). It is used in adults without a history of Factor IX inhibitors.1

Following European Commission approval, HEMGENIX® was the first ever therapy to be granted Direct Access in France2, thus enabling the first patients to be treated in Europe outside of the clinical program.

Though effective, current therapies can be time intensive and require regular treatment that can have a substantial impact on a patient’s daily life.3 HEMGENIX® offers a one–time treatment, allowing people living with hemophilia B to produce their own Factor IX, which can lower the risk of bleeding.4

“Only a few decades ago, gene therapy for hemophilia was a distant concept, which has now become reality. Accordingly, the first two patients treated with HEMGENIX® since receiving European approval is a major accomplishment and a testament to the joint commitment of the hemophilia B community, as well as the access and reimbursement authorities, in bringing innovative therapies to patients,” said Dr Lutz Bonacker SVP and General Manager, CSL Behring Commercial Operations Europe. “This milestone has been made possible by the innovative Direct Access scheme adopted in France, allowing patients to benefit from early access to pioneering treatments. We are encouraged to see increasing access to gene therapies in European countries and are fully committed to ensuring that access to potentially life–changing treatment continues.”

HEMGENIX® was granted conditional marketing authorisation by the European Commission (EC) for the European Union and European Economic Area in February 2023, following approval from the U.S. Food and Drug Administration (FDA) in November 2022. It has also been approved by Health Canada, the United Kingdom's Medicines and Healthcare products Regulatory Agency (MHRA), Switzerland’s Swissmedic and Australia’s Therapeutic Goods Administration (TGA).

The multi–year clinical development of HEMGENIX® was led by uniQure and sponsorship of the clinical trials transitioned to CSL after it licensed global rights to commercialise the treatment.

About Hemophilia B

Hemophilia B is a life–threatening rare disease. People with the condition are particularly vulnerable to bleeds in their joints, muscles, and internal organs, leading to pain, swelling, and joint damage. Current treatments for moderate to severe hemophilia B include life–long prophylactic infusions of factor IX to temporarily replace or supplement low levels of the blood–clotting factor.  

About HEMGENIX®

HEMGENIX® is a gene therapy that reduces the rate of abnormal bleeding in eligible people with hemophilia B by enabling the body to continuously produce factor IX, the deficient protein in hemophilia B. It uses AAV5, a non–infectious viral vector, called an adeno–associated virus (AAV). The AAV5 vector carries the Padua gene variant of Factor IX (FIX–Padua) to the target cells in the liver, generating factor IX proteins that are 5x–8x more active than normal. These genetic instructions remain in the target cells, but generally do not become a part of a person’s own DNA. Once delivered, the new genetic instructions allow the cellular machinery to produce stable levels of factor IX.

About the Pivotal HOPE–B Trial

The pivotal Phase III HOPE–B trial is an ongoing, multinational, open–label, single–arm study to evaluate the safety and efficacy of HEMGENIX®. Fifty–four adult hemophilia B patients classified as having moderately severe to severe hemophilia B and requiring prophylactic factor IX replacement therapy were enrolled in a prospective, six–month or longer observational period during which time they continued to use their current standard of care therapy to establish a baseline Annual Bleeding Rate (ABR). After the six–month lead–in period, patients received a single intravenous administration of HEMGENIX® at the 2×10^13 gc/kg dose. Patients were not excluded from the trial based on pre–existing neutralizing antibodies (NAbs) to AAV5.

A total of 54 patients received a single dose of HEMGENIX® in the pivotal trial, with 52 patients completing at least three years of follow–up. The primary endpoint in the pivotal HOPE–B study was ABR 52 weeks after achievement of stable factor IX expression (months 7 to 18) compared with the six–month lead–in period. For this endpoint, ABR was measured from month seven to month 18 after infusion, ensuring the observation period represented a steady–state factor IX transgene expression. Secondary endpoints included assessment of factor IX activity.

No serious treatment–related adverse reactions were reported. One death resulting from urosepsis and cardiogenic shock in a 77–year–old patient at 65 weeks following dosing was considered unrelated to treatment by investigators and the company sponsor. A serious adverse event of hepatocellular carcinoma was determined to be unrelated to treatment with HEMGENIX® by independent molecular tumour characterization and vector integration analysis. No inhibitors to factor IX were reported. 

Long–term three–year data presented at the 17th Annual Congress of the European Association for Haemophilia and Allied Disorders (EAHAD) 2024 continue to reinforce the potential long–lasting efficacy and safety of HEMGENIX® and the ongoing benefit of this treatment for people living with hemophilia B.

About CSL
CSL (ASX:CSL; USOTC:CSLLY) is a global biotechnology company with a dynamic portfolio of lifesaving medicines, including those that treat hemophilia and immune deficiencies, vaccines to prevent influenza, and therapies in iron deficiency and nephrology. Since our start in 1916, we have been driven by our promise to save lives using the latest technologies. Today, CSL – including our three businesses: CSL Behring, CSL Seqirus and CSL Vifor – provides lifesaving products to patients in more than 100 countries and employs 32,000 people. Our unique combination of commercial strength, R&D focus and operational excellence enables us to identify, develop and deliver innovations so our patients can live life to the fullest. For inspiring stories about the promise of biotechnology, visit CSL.com/Vita. For more information about CSL, visit CSL.com.

Media Contacts
Stephanie Fuchs
Mobile: +49 151 584 388 60
Email: Stephanie.Fuchs@cslbehring.com

References


1 European Medicines Agency. First Gene therapy to treat haemophilia B. Available at: https://www.ema.europa.eu/en/news/first–gene–therapy–treat–haemophilia–b. [Accessed May 2024].
2 Republique Française. Légifrance: Article 62 of Law No. 2021–1754. Available at: https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000048551003 [Accessed May 2024].
3 Leebeek, F & Miesbach, W. (2021) Gene therapy for haemophilia: a review on clinical benefit, limitations, and remaining issues. Blood. Vol 138, Issue 11. pp923–931.
4 Coppens M et al. Etranacogene dezaparvovec gene therapy for haemophilia B (HOPE–B): 24–month post–hoc efficacy and safety data from a single–arm, multicentre, phase 3 trial. The Lancet Haematology 2024; 11(4):E265–E275.


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As Heat Soars in India, so Does Domestic Violence

Members of a “Jugnu” club get trained by UN Women to support women who experience gender-based violence. Credit: UN Women

By Umang Dhingra
NEW DELHI, India, Jul 4 2024 – As the temperature soars to new heights in India, so does domestic violence. It’s a well-established correlation that is largely left out of the climate change discussion, but the gap is glaring and needs to be bridged.

For the third summer in a row, temperatures in India are breaking historical records. The recent record high of 52.9° C (127.22° F), has resulted in loss of livelihood, water rationing, health impacts, and even death. The heat affects some more than others. As people are advised to shelter at home, those in lower economic strata contend with cramped living situations, lack of air conditioning, and power cuts.

Women bear the worst impacts. New Delhi’s Heat Action Plan (HAP) registers their greater vulnerability – noting, for example, that they’re more susceptible to falling sick from the heat compared to men, the heightened risks for pregnant people, and greater expectations of women to be caretakers. But it fails to note the increased threat of violence.¬¬¬¬¬

It is well-documented that temperature extremes lead to an increase in domestic violence cases, with low-income women bearing the brunt. In South Asia, for every degree that the temperature rises, domestic violence increases about 6%.

As India grapples with its large carbon footprint, rising temperatures, and growing population, intimate partner violence can be expected to increase drastically. P¬¬ar¬¬¬ticularly if greenhouse gas emissions aren’t regulated effectively, India could see a spike in domestic violence of more than 20% by the end of the century.

Extreme temperatures are associated with frustration, aggression, and disruptions in people’s daily routines. Researchers theorize this is the reason why heat has a such a strong influence on rates of intimate partner violence.

For low-income daily wage laborers in India, heat may result in loss of livelihood and income. Economic stress and resultant anxiety can significantly increase domestic violence risk.

In addition, women are expected to be caretakers for the family, which gives them little chance of escape from abusers and increases their vulnerability under extreme conditions. This phenomenon was prevalent during Covid-19 pandemic, when the “shadow pandemic” of domestic violence affected women across India.

The pandemic also revealed strong patterns of economic abuse of women due to unequal power dynamics within the family.

Despite research demonstrating this, the spike in domestic violence during heat waves remains hush-hush. New Delhi’s Heat Action Plan (HAP) does not mention gender-based violence even once across its 66 pages.

While it acknowledges women as a vulnerable group and deals with increased risk during pregnancy, other risks to women remain shrouded in the vagueness of “social norms” and “gender discrimination.” Failing to address the threat of intimate partner violence explicitly leaves out a key piece of the puzzle.

The omission has manifold impacts. It lets policymakers shy away from confronting the issue, creating a gap in policy at the highest level. It sets up government workers tasked with implementing the plans such as New Delhi’s HAP on the ground for failure.

With no guidance on how to deal with the predictable increase in domestic violence during extreme heat, government can offer little support for women who need it. Mahila Panchayats (“women’s councils”) and grassroots non-profits often help rural and low-income women find support and community, but extreme weather can cut them off from these resources.

Forced to stay indoors and unable to access help, women have little recourse or respite. In theory, India’s laws protect them. But in practice, implementation is spotty, and they remain vulnerable.

India’s climate policy must not leave women out in the cold. New Delhi’s Heat Action Plan and other policy initiatives must protect women and offer them accessible support. First responders and government workers must be given the tools they need to help support those at risk for domestic violence, not only during heat waves but year-round.

Finally, India’s problem with domestic violence might be exacerbated during the summers but is not unique to them. India needs a suite of policies and concrete actions to contend with rising intimate partner violence, starting at the grassroots level and prioritizing education, employment, economic stability, and family planning for all.

Heat waves and the stressors they bring might be unforeseeable in a sense, but rising temperatures and rising domestic violence are completely predictable effects of climate change. There’s no excuse for failing to redress them.

By leaving women vulnerable year after year, we are doing a disservice, both to women who need help and to the institutions that they place their trust in.

Umang Dhingra is a Duke University undergraduate and a Stanback Fellow at the Population Institute, a Washington D.C.-based nonprofit that supports reproductive health and rights.

IPS UN Bureau

 


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Women Take the Lead in Baloch Civil Resistance

Mahrang Baloch during a public appearance. The 30-year-old has emerged as a prominent figure in the Baloch movement. Credit: Mehrab Khalid/IPS

Mahrang Baloch during a public appearance. The 30-year-old has emerged as a prominent figure in the Baloch movement. Credit: Mehrab Khalid/IPS

By Karlos Zurutuza
ROME, Jul 4 2024 – A 30-year-old woman speaks before tens of thousands gathered in southern Pakistan. Men of all ages listen to her speech in almost reverential silence, many holding up her portrait and chanting her name: Mahrang Baloch.

This took place on January 24 in Quetta, the provincial capital of Balochistan, 900 kilometers southwest of Islamabad. The large, predominantly male crowd that gathered to welcome a group of women was unexpected for many. However, the reasons behind it were compelling.

They were welcomed back home after leading a women’s march towards Islamabad that lasted several months, demanding justice and reparations for missing Baloch people. In a phone conversation with IPS from Quetta, Mahrang Baloch provides the context behind what became known as the ‘march against the Baloch genocide’.

“For two decades, Pakistani security forces have been conducting a brutal military operation against political activists, dissenters, journalists, writers, and even artists to suppress the rebellion for an independent Balochistan, resulting in thousands of disappearances.”

Divided across the borders of Pakistan, Iran, and Afghanistan, the Baloch people number between 15 and 20 million, with their own language and culture.

Following Britain’s withdrawal from India, they declared their own state in 1947, even before Pakistan did. However, seven months later, that territory was annexed by Islamabad. Today, they live in the country’s largest and most sparsely populated province in the country, also the richest in resources, yet plagued by poverty and violence.

Mahrang Baloch, a surgeon by profession, recalls being fifteen years old when her father, an administration official known for his political activism, was arrested in 2009. Two years later, his body was found in a ditch after being savagely mutilated.

There is no Baloch family that has not lost one of their own in this conflict,” says the prominent activist. Remaining silent, however, doesn’t seem to be an option for them.

“We at the Baloch Unity Committee (BYC) will fight against the Baloch genocide and defend Baloch national rights with public power in the political arena. However, we will continue our struggle outside the so-called parliament of Pakistan, which lacks a true mandate from the people and facilitates the Baloch genocide,” explains the mass leader.

 

Sammi Deen Baloch in Dublin after receiving a human rights award last June. She has not heard from her father since his kidnapping in 2009. (Photo provided by SDB)

Sammi Deen Baloch in Dublin after receiving a human rights award last June. She has not heard from her father since his kidnapping in 2009. (Photo provided by SDB)

 

Harassment

International organizations such as Amnesty International or Human Rights Watch have consistently accused Pakistani security forces of committing serious human rights violations, including arbitrary detentions and extrajudicial executions.

Pakistani authorities declined to respond to questions posed by IPS via email. Meanwhile, the Voice for Missing Baloch People (VBMP), a local platform, cites more than 8,000 cases of enforced disappearances in the last two decades.

The secretary general of that organization is Sammi Deen Baloch, a 25-year-old Baloch woman who led last winter’s march to Islamabad alongside Mahrang Baloch. Baloch is a common surname in the region. The two women are not related.

Sammi Deen also participated in previous marches conducted in 2010, 2011 and 2013. Her father disappeared in 2009, and she has not heard from him ever since. “Fifteen years later, I still don’t know if I am an orphan, and my mother doesn’t know if she is a widow either,” says the young activist.

Last May, Sammi Deen travelled to Dublin (Ireland) to collect the Asia Pacific Human Rights Award, which is given annually to outstanding human rights defenders.

However, bringing Balochistan into the international spotlight always comes at a cost.

“They resort to all kinds of strategies to silence us, from smear campaigns to threats which are also directed against our families. They even file false police reports against us constantly,” Sammi Deen Baloch told IPS over the phone from Quetta.

Mahrang Baloch visited Norway last June after receiving an invitation from the PEN Club International, a global association of writers with consultative status at the UN. Even in the Scandinavian country she was harassed during her stay, forcing the Norwegian police to intervene on several occasions.

Despite the pressure endured by these women, Sammi Deen points to “significant progress” in the attitude of her people after the last march.

“Until very recently, most of the thousands of affected families remained silent out of fear of reprisals, but people massively joined the last protest. Today, more and more people are raising their voices to denounce what is happening,” claims the activist.

 

Khair Bux Marri at his residence in Karachi in 2009. Until his death in 2014, he was one of the most influential and respected leaders of the Baloch people. Credit: Karlos Zurutuza/IPS

Khair Bux Marri at his residence in Karachi in 2009. Until his death in 2014, he was one of the most influential and respected leaders of the Baloch people. Credit: Karlos Zurutuza/IPS

 

Thirst for Leadership

Baloch society has historically been organised along tribal lines. Some of its most charismatic leaders, such as Khair Bux Marri, Attaullah Mengal or Akbar Khan Bugti, eventually paid with imprisonment, exile and even death for their opposition to what they saw as a state of occupation by Pakistan.

Muhammad Amir Rana is a security and political economy analyst as well as the President of the Pakistan Institute of Peace Studies. In a telephone conversation with IPS from Islamabad, Rana points to a certain “need for leadership” as one of the keys behind the massive support for Baloch activists.

“The problem is that all those historical leaders are already dead, and those who remain in Balochistan are seen as people close to the establishment by a large part of Baloch society. They no longer represent their people,” explains the analyst.

He also highlights the presence of an “emerging” Baloch civil society structured around the Baloch Unity Committee (BYC), the Baloch Students Organization (BSO Azad ) or the VBMP.

“Mahrang Baloch is a young woman with an academic background who has managed to put the issue of the missing Baloch people in the spotlight, but who also brings together the feelings of her people and seems to be able to channel that into a political movement,” says the expert.

 

Karima Baloch used to hide her face for security reasons. The student leader went into exile in Canada, where she died in 2020 under circumstances not yet clarified (Photo: BSO Azad)

Karima Baloch used to hide her face for security reasons. The student leader went into exile in Canada, where she died in 2020 under circumstances not yet clarified (Photo: BSO Azad)

 

It’s an opinion shared by many, including Mir Mohamad Ali Talpur, a renowned Baloch journalist and intellectual.

“The mainstream parties often try to supplant the civil society but they, with their limited aims, are too shallow to take up the mantle. As for the tribal chiefs that remain, they are stooges of the government and their power stems from the governmental support and from the tribes,” Talpur tells IPS over the phone from Hyderabad, 1,300 kilometres southwest of Islamabad.

He also highlights the changes the last march led by women produced.

“Since the last march, all abductions have resulted in protests which include blockades of roads and other similar actions. Mahrang and Sammi have a charismatic aura and emulating them is considered honourable in both urban and tribal sections of society,” explains Talpur. He also stresses that both women give “continuity to Karima Baloch´s legacy.”

He refers to that Baloch student leader forced into exile in Canada, where she died in 2020 in circumstances that have not yet been clarified. The BBC, the British public broadcaster, even included her in its list of “the 100 most inspiring and influential women of 2016.”

As for the more pressing present, Talpur is blunt about the social impact of the women-led march:

“The most significant change is that people have realized that remaining silent about the injustices perpetrated against them only allows things to worsen.”

Hisense Atlantis Factory Celebrates 11 Years of Growth and Community Empowerment

JOHANNESBURG, South Africa, July 03, 2024 (GLOBE NEWSWIRE) — Eleven years ago, Hisense made a groundbreaking decision that has significantly contributed to the South African, and particularly the Western Cape province economy. Since opening its Factory in 2013, the factory has grown to become the largest TV production facility in sub–Saharan Africa. Today, Hisense celebrates this golden milestone with honourable Friends of Hisense.

Commitment to Community and Economic Empowerment

The significance of the factory extends beyond the production of appliances. It has created much–needed jobs and significant economic empowerment for the Western Cape community. Hisense is proud to have contributed to the livelihoods of many families, fostering a sustainable future for the communities in which it operates.

Corporate Social Investment and Community Engagement

Hisense’s commitment to Corporate Social Investment (CSI) has been a cornerstone of its ethos. The partnership with various children's homes exemplifies this commitment, providing support and nurturing young minds. “Today, we are delighted to have the children from Ikamva Labantu with us, igniting their interest in technology and inspiring them to aspire towards shaping the future,” said Luna, Hisense South Africa Deputy General Manager.

Environmental and Community Support

Hisense cares about the environment and is making a donation to SANParks, who assist in saving the penguins at Boulders Beach. Hisense is donating products worth R40,000, including two double door fridges, a microwave, and an 18KG top–loader washing machine. Additionally, an H670SIT–WD double door fridge is being donated to Ikamva Labantu to support local communities in Cape Town.

Achievements and Future Commitment

The achievement of Hisense TV being ranked Global No. 2 and Global No. 1 in 100–inch TVs underscores its commitment to quality and innovation. This positions Hisense as a key player in the global market, driving forward the ambition to continuously deliver excellence.

Reflecting on the 11–year journey in South Africa, Luna announced, “The Atlantis factory has successfully manufactured an impressive 4.5 million TVs and 2.9 million refrigerator units, reaffirming our commitment to sustainability, innovation, and community empowerment.”

The Hisense Atlantis factory is more than just a production facility; it is a symbol of hope, resilience, and the power of public–private partnerships in fostering economic development and community empowerment.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/767ca8d5–d6d7–43e9–8818–4f87d371eb86


GLOBENEWSWIRE (Distribution ID 1000969854)

The 2024 China Guanxian Steel Plate Industry Opening-up and International Precision Procurement Conference held in Guanxian County, Shandong Province

GUANXIAN, China, July 03, 2024 (GLOBE NEWSWIRE) — The 2024 China Guanxian Steel Plate Industry Opening–up and International Precision Procurement Conference under the theme of “Shandong Good Products for Global Trade” was held in Guanxian County from June 26 to 28.

The 2024 China Guanxian Steel Plate Industry Opening–up

A Media Snippet accompanying this announcement is available by clicking on this link.

The steel plate industry is a distinctive pillar industry of Guanxian County, with 1,233 steel plate processing companies and over 35,000 employees, processing various types of steel plates totaling 16 million tons annually. Products are exported to over 120 countries and regions in Southeast Asia, Africa, and South America. Many steel plate “star products” from Guanxian County are used in major projects at home and abroad. Guanxian County has become the largest fine steel plate processing industry cluster in the country, as well as a demonstration base and characteristic industrial cluster for the transformation and upgrading of Shandong Province's high–quality steel plate foreign trade.

The conference, organized by the People's Government of Guanxian County, featured a series of activities including SGS “Global Procurement Base” certification, factory inspection, procurement matchmaking, and cooperation agreements. During the event, Guanxian County was certified as the SGS “Global Procurement Base” for the steel plate industry, and over 100 overseas buyers engaged in in–depth discussions and exchanges with more than 110 local steel plate companies on steel plate procurement and market expansion.

Guanxian County promotes green and intelligent development through optimized industrial processes, improved technological equipment, enhanced comprehensive waste utilization, and digital transformation. Focusing on innovation–driven development, the county is strengthening the new advantage of “digital and intelligence +” to accelerate the development of new quality productive forces through industrial optimization and unimpeded trade channels.

Source: The People's Government of Guanxian County


GLOBENEWSWIRE (Distribution ID 9172922)

Nyxoah Has Signed a €37.5 Million Loan Facility Agreement with the European Investment Bank

REGULATED INFORMATION
INSIDE INFORMATION

Nyxoah Has Signed a €37.5 Million Loan Facility Agreement with the European Investment Bank

Mont–Saint–Guibert, Belgium – July 3, 2024, 12:30pm CET / 6:30am ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (“OSA”), today announced that it has signed a €37.5 million loan facility agreement with the European Investment Bank (“EIB”). The agreement is backed by the European Commission’s InvestEU program. Nyxoah plans to use the funding for research and development, and for scaling–up its manufacturing capacity to meet demand in Europe and the U.S.

The €37.5 million facility is divided into three tranches: €10 million for the first tranche (“Tranche A”), €13.75 million for the second tranche (“Tranche B”) and €13.75 million for the third tranche (“Tranche C”). Disbursement under the various tranches is subject to certain conditions. Tranche A carries an annual 5% cash and 5% capitalized interest rate, and features a five–year bullet repayment schedule. The various tranches do not contain revenue or liquidity covenants.

In connection with the loan facility agreement, and as a condition to drawdown thereunder, the Company also intends to enter into a “synthetic warrant agreement” with the EIB. Under the intended synthetic warrant agreement, in consideration for the facility, in connection with each tranche of the facility, the EIB will be granted “synthetic warrants” with a duration of 20 years. The number and strike price of the synthetic warrants will be calculated based on tranche specific formulas provided for in the synthetic warrant agreement. The synthetic warrants can be exercised as of the maturity date of the relevant tranche of the facility or, in exceptional situations, earlier. Such synthetic warrants will entitle the EIB to receive from the Company a cash consideration equal to the 20–day volume weighted average price of a share in the Company on the stock exchange, reduced by the applicable strike price per synthetic warrant, and multiplied by the number of synthetic warrants that the EIB exercises. In connection with Tranche A, it is expected that the EIB will be granted 468,384 synthetic warrants with a strike price of €8,11 that the EIB can exercise after the maturity of Tranche A (5 years) or, in exceptional situations, earlier.

Since certain provisions of the loan facility agreement and the synthetic warrant agreement are dependent on a change of control, those provisions will be submitted for approval to a shareholders' meeting of the Company in accordance with article 7:151 of the Belgian Companies and Associations Code.

EIB Vice–President Robert de Groot said: “Belgium stands at the forefront of innovation in the area of life sciences and med tech. As the EIB, we take pride in supporting this thriving industry and fostering growth. Nyxoah, with its groundbreaking approach, is making a valuable contribution. We are eager to see the company progressing, benefitting patients worldwide.”

Olivier Taelman, CEO of Nyxoah, commented: “We are excited and grateful for the support and confidence in our cutting–edge technology shown by the European Investment Bank. This loan follows our recent successful equity offering where we raised €48.5 million, providing us a combined access to over €80 million in growth capital. This will aid in the commercialization of Genio in Europe and in the U.S., if approved, while helping increase production capacity and sustain innovation.”

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

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company announced positive outcomes from the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please see the Company’s annual report for the financial year 2023 and visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward–looking statements

Certain statements, beliefs and opinions in this press release are forward–looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the entry into of the loan facility agreement and the synthetic warrant agreement with the EIB; the use of proceeds from the loan facility agreement; the Genio® system and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; reporting data from Nyxoah’s DREAM U.S. pivotal trial; filing for FDA approval; and entrance to the U.S. market. By their nature, forward–looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward–looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20–F for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2024, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward–looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward–looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward–looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward–looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward–looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward–looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward–looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
David DeMartino, Chief Strategy Officer
IR@nyxoah.com

For Media
Belgium/France
Backstage Communication – Gunther De Backer
gunther@backstagecom.be

International/Germany
MC Services – Anne Hennecke
anne.hennecke@mc–services.eu

Attachment


GLOBENEWSWIRE (Distribution ID 1000969769)

Nyxoah a Signé une Convention de Prêt de 37,5 Millions d'Euros avec la Banque Européenne d'Investissement

Nyxoah a Signé une Convention de Prêt de 37,5 Millions d'Euros avec la Banque Européenne d'Investissement

INFORMATIONS PRIVILÉGIÉES
INFORMATIONS RÉGLEMENTÉES

Nyxoah a Signé une Convention de Prêt de 37,5 millions d'euros avec la Banque Européenne d'Investissement

Mont–Saint–Guibert, Belgique – 3 juillet 2024, 12h30 CET / 6h30 ET – Nyxoah SA (Euronext Brussels/ Nasdaq : NYXH) (“Nyxoah” ou la “Société”) opère dans le secteur des technologies médicales et se concentre sur le développement et la commercialisation de solutions innovantes destinées à traiter le Syndrome d’Apnées Obstructives du Sommeil (SAOS). La Société a annoncé aujourd’hui la signature d’une convention de prêt de 37,5 millions d'euros avec la Banque Européenne d'Investissement (” BEI “). Cet accord est soutenu par le programme InvestEU de la Commission européenne. Nyxoah prévoit d’utiliser ce financement pour la recherche et le développement, ainsi que pour augmenter sa capacité de production afin de répondre à la demande en Europe et aux États–Unis.

La convention de prêt de 37,5 millions d'euros est divisée en trois tranches : 10 millions d'euros pour la première tranche (“Tranche A”), 13,75 millions d'euros pour la deuxième tranche (“Tranche B”) et 13,75 millions d'euros pour la troisième tranche (“Tranche C”). Le déboursement des différentes tranches est soumis à certaines conditions. La tranche A est assortie d'un taux d'intérêt annuel de 5 % au comptant et de 5 % capitalisé. Le remboursement du capital se fera à l’échéance de la tranche après 5 ans. Les différentes tranches ne contiennent pas d'engagements en matière de revenus ou de liquidités.

Dans le cadre de l'accord relatif à la convention de prêt, et comme condition à son utilisation, la Société a également l'intention de conclure un “accord de warrants synthétiques” avec la BEI. En vertu de cet accord, la BEI recevra, en contrepartie de la facilité de crédit, des ” warrants synthétiques ” d'une durée de 20 ans pour chaque tranche de la facilité de crédit. Le nombre et le prix d'exercice des warrants synthétiques seront calculés sur la base de formules spécifiques à chaque tranche prévues dans l'accord sur les warrants synthétiques. Les warrants synthétiques peuvent être exercés à partir de la date d'échéance de la tranche concernée de la facilité ou, dans des situations exceptionnelles, plus tôt. Ces warrants synthétiques permettront à la BEI de recevoir de la Société une contrepartie en espèces égale au prix moyen pondéré en fonction du volume sur 20 jours d'une action de la Société en bourse, diminué du prix d'exercice applicable par warrant synthétique, et multiplié par le nombre de warrants synthétiques que la BEI exerce. Dans le cadre de la tranche A, il est prévu que la BEI reçoive 468 384 warrants synthétiques avec un prix d'exercice de 8,11 € que la BEI pourra exercer après l'échéance de la tranche A (5 ans) ou, dans des situations exceptionnelles, plus tôt.

Étant donné que certaines dispositions de la convention de prêt et de la convention de warrants synthétiques dépendent d'un changement de contrôle, ces dispositions seront soumises à l'approbation d'une assemblée générale des actionnaires de la Société conformément à l'article 7:151 du Code belge des Sociétés et des Associations.
Robert de Groot, Vice–Président de la BEI, a déclaré : ” La Belgique est à la pointe de l'innovation dans le domaine des sciences de la vie et des technologies médicales. En tant que BEI, nous sommes fiers de soutenir cette industrie florissante et de favoriser la croissance. Nyxoah, avec son approche novatrice, apporte une contribution précieuse. Nous sommes impatients de voir la société progresser, au bénéfice des patients du monde entier.”

Olivier Taelman, CEO de Nyxoah, a commenté l'événement : “Nous sommes ravis et reconnaissants du soutien et de la confiance que la Banque européenne d'investissement accorde à notre technologie de pointe. Ce prêt fait suite au succès de notre récente émission d'actions, qui nous a permis de lever 48,5 millions d'euros, ce qui nous donne un accès combiné à plus de 80 millions d'euros de capital. Cela nous aidera à commercialiser le Genio en Europe et aux États–Unis, s'il est approuvé, tout en contribuant à augmenter la capacité de production et à soutenir l'innovation.

A propos de Nyxoah

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

À la suite de la réussite de l'étude BLAST OSA, le système Genio® a reçu son marquage CE européen en 2019. Nyxoah a réalisé deux introductions en bourse réussies : sur Euronext Bruxelles en septembre 2020 et sur le NASDAQ en juillet 2021. Suite aux résultats positifs de l'étude BETTER SLEEP, Nyxoah a reçu l'approbation du marquage CE pour l'élargissement de ses indications thérapeutiques aux patients atteints de Collapse Concentrique Complet (CCC), actuellement contre–indiqués dans la thérapie des concurrents. En outre, la Société mène actuellement l'étude pivot DREAM IDE en vue d'obtenir l'approbation FDA et de commercialisation aux États–Unis.

Pour plus d'informations, veuillez consulter le rapport annuel de la société pour l'exercice 2023 et visiter le site suivant http://www.nyxoah.com/.

Attention – Marquage CE depuis 2019. Dispositif expérimental aux États–Unis. Limité par la loi fédérale américaine à un usage expérimental aux États–Unis.

Déclarations Prospectives

Certaines déclarations, croyances et opinions contenues dans le présent communiqué de presse sont de nature prospective et reflètent les attentes actuelles de la société ou, le cas échéant, des administrateurs ou de la direction de la société concernant la conclusion de l'accord de facilité de prêt et de l'accord de bons de souscription synthétiques avec la BEI, l'utilisation du produit de l'accord de facilité de prêt ; le système Genio® et les études cliniques en cours sur le système Genio® ; les avantages potentiels du système Genio® ; les objectifs de Nyxoah concernant le développement, la voie réglementaire et l'utilisation potentielle du système Genio® ; l'utilité des données cliniques pour l'obtention éventuelle de l'approbation de la FDA pour le système Genio® ; la communication des données de l'essai pivot DREAM U. U. de Nyxoah, le dépôt d'une demande d'approbation auprès de la FDA et l'entrée sur le marché américain. De par leur nature, les déclarations prospectives impliquent un certain nombre de risques, d'incertitudes, d'hypothèses et d'autres facteurs susceptibles d'entraîner une différence matérielle entre les résultats ou événements réels et ceux exprimés ou sous–entendus dans les déclarations prospectives. Ces risques, incertitudes, hypothèses et facteurs pourraient avoir une incidence négative sur les résultats et les effets financiers des plans et des événements décrits dans le présent document. En outre, ces risques et incertitudes comprennent, sans s'y limiter, les risques et incertitudes énoncés dans la section “Facteurs de risque” du rapport annuel de la société sur le formulaire 20–F pour l'exercice clos le 31 décembre 2023, déposé auprès de la Securities and Exchange Commission (“SEC”) le 20 mars 2024, et des rapports ultérieurs que la société dépose auprès de la SEC. Une multitude de facteurs, y compris, mais sans s'y limiter, les changements dans la demande, la concurrence et la technologie, peuvent faire en sorte que les événements, les performances ou les résultats réels diffèrent de manière significative de tout développement anticipé. Les déclarations prospectives contenues dans le présent communiqué de presse concernant des tendances ou des activités passées ne constituent pas des garanties de performances futures et ne doivent pas être considérées comme une déclaration selon laquelle ces tendances ou activités se poursuivront à l'avenir. En outre, même si les résultats ou développements réels sont conformes aux déclarations prospectives contenues dans le présent communiqué de presse, ces résultats ou développements peuvent ne pas être représentatifs des résultats ou développements des périodes futures. Aucune déclaration ou garantie n'est donnée quant à l'exactitude ou à la justesse de ces déclarations prévisionnelles. En conséquence, la Société décline expressément toute obligation ou tout engagement de publier des mises à jour ou des révisions des déclarations prospectives contenues dans le présent communiqué de presse à la suite d'un changement des attentes ou d'un changement des événements, conditions, hypothèses ou circonstances sur lesquels ces déclarations prospectives sont basées, sauf si la loi ou la réglementation l'exige expressément. Ni la Société, ni ses conseillers ou représentants, ni aucune de ses filiales, ni les dirigeants ou employés de ces personnes ne garantissent que les hypothèses sous–jacentes à ces déclarations prospectives sont exemptes d'erreurs et n'acceptent aucune responsabilité quant à l'exactitude future des déclarations prospectives contenues dans ce communiqué de presse ou quant à la survenance effective des développements prévus. Vous ne devriez pas accorder une confiance excessive aux déclarations prospectives, qui ne sont valables qu'à la date du présent communiqué de presse.

Contact :

Nyxoah
David DeMartino, Chief Strategy Officer
IR@nyxoah.com

Media
Belgique / France
Backstage Communication – Gunther De Backer
gunther@backstagecom.be

International/ Allemagne
MC Services – Anne Hennecke
anne.hennecke@mc–services.eu

 

GLOBENEWSWIRE (Distribution ID 1000969769)

A Bleak Future 50 Years after the New International Economic ‘Non-order’?

By Anis Chowdhury
SYDNEY, Jul 3 2024 – Fifty years ago on 1 May 1974, the Sixth Special Session of the General Assembly (April–May) adopted a revolutionary declaration and programme of action on the establishment of a New International Economic Order (NIEO) “based on equity, sovereign equality, interdependence, common interest and cooperation among all States, irrespective of their economic and social systems”. The hope was that a NIEO would “correct inequalities and redress existing injustices, make it possible to eliminate the widening gap between the developed and the developing countries and ensure steadily accelerating economic and social development and peace and justice for present and future generations”. Alas, what evolved is far from what was envisioned or called for.

Anis Chowdhury

Failed aid promise

The NIEO resolution reaffirmed the minimum target – originally defined in the strategy for the second Development Decade – of 1% of the gross national product (GNP) of each developed country to be transferred to developing countries, out of which 0.7% of GNP would be as official development assistance (ODA).

But, ODA steadily declined from around 51% of GNI in the early 1960s to around 32% during 2017-2021. Oxfam estimated that 50 years of broken promises meant a US$5.7 trillion aid shortfall by 2020. Only five countries met the ODA target of 0.7% of GNI: Denmark (0.70%), Germany (0.83%), Luxembourg (1.00%), Norway (0.86%) and Sweden (0.90%).

 

 

Unreformed international monetary system and financing of development

The NIEO resolution called for (i) full and effective participation of developing countries in all phases of decision-making at the International Monetary Fund (IMF) and the World Bank; (ii) adequate and orderly creation of additional liquidity through the additional allocation of special drawing rights (SDRs); and (iii) early establishment of a link between SDRs and additional development financing.

None has materialised. Despite repeated commitments, and notwithstanding some minor improvement between 2005 and 2015, the representation of developing countries in international financial institutions, regional development banks and standard-setting bodies, e.g., OECD’s international taxation, has remained largely unchanged. The governments of the largest developed countries continue to hold veto powers in the decision-making bodies of these institutions.

The unchanged mechanism for allocating SDRs in proportion to countries’ IMF quota shares meant that most of the latest SDRs allocation of (about US$650 billion) in 2021 went to advanced economies; developing countries received only about one third, the most vulnerable countries receiving much less. While both G7 and G20 called for a voluntary rechannelling of US$100 billion worth of unused SDRs, only a fraction has actually been rechannelled to developing countries.

Increased indebtedness

The NIEO resolution envisioned “appropriate urgent measures …to mitigate adverse consequences for … development … arising from the burden of external debt”. These included debt cancellations, moratorium, rescheduling or interest subsidisation, and reorientation of international financial institutions lending policies.

Failure to fulfil aid promises and reform the global financial architecture, including the IMF quota-based SDRs allocations, forced developing countries to borrow from commercial sources at exorbitantly high interest rates with shorter maturity terms and no mechanism for restructuring. This has exacerbated the debt crisis. Almost 40% of all developing countries (52 countries) suffer from severe debt problems and extremely expensive market-based financing.

Only after extensive lobbying by civil society organisations, did the IMF and the World Bank jointly take the Heavily Indebted Poor Countries Initiative in 1996, supplemented by the Multilateral Debt Relief Initiative in 2005. Despite the IMF’s debt service relief, and some limited G20 debt service suspension during the Covid-19 pandemic for low-income countries (LICs), the debt crisis worsened, with 60% LICs already at high risk of or in debt distress.

Rising food insecurity

The NIEO resolution called for the accumulation of buffer stocks of commodities in order to offset market fluctuations, combat inflationary tendencies, and ensure grain and food security.

Developing countries are far from attaining food security. Even before the Ukraine war, food insecurity around the world was rising. The Food and Agricultural Organization (FAO) estimated that in 2022 approximately 30% of the global population (2.4 billion people), did not have constant access to food. Among them, around 900 million people faced severe food insecurity, and an additional 122 million people have been pushed into hunger since 2019. World Bank projections show that by 2030, over 600 million people will still struggle to feed their families.

Meanwhile, Africa turned from a net-exporter to a net-importer of food since the adoption of NIEO resolution. While developing countries had an overall annual agricultural trade surplus of almost US$7 billion in the early 1960s, “since the beginning of the 1990s they have generally been net importers of agricultural products, with a deficit in 2001, for example, of US$11 billion.”

Deindustrialisation

The NIEO resolution called for “all efforts … by the international community” for “the industrialization of the developing countries”.

Except for a few countries in Asia, deindustrialisation has become the unfortunate fate for developing countries. For Africa, the GDP share of manufacturing declined from around 17% in 1990 to around 11% in 2019, and Africa remains the least industrialised region in the world. In most central Asian countries, manufacturing’s GDP shares declined from around 20% in the early 1990s to less than 10% in 2015. Large Latin American countries, e.g., Argentina, Brazil, Chile and Mexico also witnessed declines in manufacturing’s GDP shares.

The deindustrialisation has seen increasing specialisation in commodities, resource-based manufactures and low productivity services. Thus, majority of developing countries remain vulnerable to commodity price swings.

Even late-comer Asian developing countries, including China, face the risk of premature deindustrialisation. Some, e.g., Malaysia, the Philippines and Thailand, are already are in a ‘middle-income trap’.

Trade and technology barriers

The NIEO resolution asked for “improved access to markets in developed countries through the progressive removal of tariff and non-tariff barriers and of restrictive business practices”.

Yet, there has been a resurgence of protectionism in OECD countries since the late 1970s. The trade protectionism under different guises, such as health and sanitary standards, persisted even after the establishment of the World Trade Organization (WTO). The World Bank has warned, “protectionist measures are on the rise… [and] detrimental policies have been outpacing trade-liberalizing policies”.

The NIEO resolution also emphasised that developing countries needed to be given “access on improved terms to modern technology and to adapt that technology, as appropriate… and … adapt commercial practices governing transfer of technology to the requirements of the developing countries”.

Still, strengthened intellectual property rights, reinforced in the WTO’s agreement on Trade-Related Intellectual Property Rights (TRIPs), have raised the costs of acquiring technology, reducing technology transfers, raising transnational corporations (TNCs)’ monopoly powers. Developed countries refused to relax TRIPs to allow developing countries’ access to Covid-19 vaccines, drugs and testing technologies.

Unabated power of transnational corporations

The NIEO resolution demanded “permanent sovereignty of States over natural resources”; and “regulation and control over the activities of transnational corporations… to prevent interference in the internal affairs of the countries … to eliminate restrictive business practices…to conform to the national development plans and objectives of developing countries, …to transfer …technology and management skills to developing countries on equitable and favourable terms; to regulate the repatriation of the profits … and to promote reinvestment of their profits in developing countries”.

The UN Commission on TNCs, a body created in 1974 for the purpose, struggled to agree on the draft code of conduct on TNCs, and in 1994 was replaced by a Commission of the Trade and Development Board of UNCTAD.

TNCs continue to influence and mould domestic and international politics to their interests. TNCs have governments at their beck and call – witness their consistent success at dodging tax payments. Stringent WTO’s TRIPS was adopted at the behest of TNCs, especially to protect monopoly profits of big transnational pharmaceutical companies.

TNCs exert political influence to liberalise trade and investment; obtain subsidies; reduce their tax burdens; dilute working conditions; relax environmental protection. As Dani Rodrik noted, the WTO is heavily influenced by major banks and TNCs. Through the World Economic Forum (WEF), the TNCs are now setting global economic agenda.

Diminished States

The NIEO resolution contained the Charter on Economic Rights and Duties of States. However, neo-liberalism promoted by US President Reagan and UK Prime Minister Thatcher sees State as a problem. Privatisation, liberalisation and deregulation have significantly eroded the State from its customary intervention in regulating economic growth and promoting redistribution. The erosion of the State as an institution is visible in underfunded social programmes, a smaller public sector, weakened regulatory structures, foregone infrastructure projects, public assets sales and continued privatisation.

Questionable legitimacy of global economic governance

The NIEO resolution demanded that the United Nations, in particular the Economic and Social Council, be entrusted with the responsibility of setting global economic agenda and coordinating it as the most inclusive organisation with legitimacy. Besides the TNC takeover of global economic agenda setting through WEF, non-inclusive informal country groupings, e.g., G7 and G20, with questionable legitimacy and formal bodies, e.g., OECD and Bank for International Settlements, are acting as norm-setters. Thus, developing countries remain unpresented and disadvantaged.

Opportunity lost

The NIEO resolution was initiated in the wake of the collapse of the post-World War II Bretton Woods System in 1971, aimed at supporting development aspirations of developing and newly decolonised countries. However, the developed world failed to see that more orderly world growth and prosperity of developing countries would have benefited them too.

Instead, they engaged in protected negotiations dragging on for about two years. The resolution was adopted by a divisive majority vote (123 for, 50 against and 1 abstention) amidst fierce opposition from developed countries.

The United States took the position that “it cannot and does not accept any implication that the world is now embarked on the establishment of something called the New International Economic Order”. The NIEO effectively went into oblivion after President Reagan declared in 1981, “We should not seek to create new institutions”.

Thus, the developed world ensured NIEO’s failure while the global economy continues to struggle under a “non-system”. The world economy has also become more crisis prone; we had the Latin American debt crisis in the 1980s, the 1997-98 Asian financial crisis, the 1998 Russian financial crisis, the 2000 Turkish lira crisis and the 2002 Argentine crisis within a short span of two decades. And the global financial and economic crisis showed, a crisis originating in one corner of the globe can quickly engulf the whole world.

Yet, we still do not have a global financial governance mechanism to deal with such crises fairly. What is most disappointing may not be the failure of the NIEO as such, but the hope that it inspired.

A bleak future?

Initiated by Progressive International, delegates from over 25 countries of the Global South assembled in Havana on 27 January 2023 to declare their intent to build a NIEO fit for the 21st century, countering the TNCs’ global economic agenda setting behind the WEF. The signatories of NIEO-Mark II seek to rebuild the collective power of emerging and developing countries for fundamentally transforming the international system, and for alternative ways to respond to global crises.

NIEO-Mark II is essentially, a call for shared and differentiated responsibilities for equitable development. Developed countries acknowledge the principle of ‘common but differentiated responsibilities’, formalised at the 1992 Rio Earth Summit. But they have failed to meet their financing commitments and reneged on various targets to address global warming.

Amidst ongoing global challenges, including the climate emergency geopolitical conflicts, public health crisis, global food insecurity, outstripping the response capacity of the UN, the UN Secretary-General has called for a Summit of the Future – Our Common Agenda to be held on 22-23 September 2024.

The Summit of the Future is expected to find multilateral solutions for better tomorrow; resulting in an inter-governmentally agreed “Pact for the Future” to tackle emerging threats and opportunities.

What is the chance that the nations would agree to the “Pact for the Future”? To what extent the Pact will accommodate NIEO-Mark II?

The world now is more divided than it was in the 1970s when NIEO-Mark I was first proposed. Yet, plagued by ideological conflicts, NIEO-Mark I failed, making the world more crisis prone. One can only hope that the rising ideological and geo-political tensions do not lead to a bleak future.

Anis Chowdhury, Emeritus Professor, Western Sydney University (Australia). Served as a senior official at the UN Department of Economic Social Affairs (UN-DESA, New York) and UN Economic and Social Commission for Asia and the Pacific (UN-ESCAP, Bangkok) between 2008-2016.

IPS UN Bureau

 


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