EMGA obtient 210 millions de dollars américains de la EIB pour BTG Pactual (Brésil)

LONDRES, 26 nov. 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) annonce, ce jour, avoir obtenu un financement par emprunt de 210 millions de dollars américains pour son client de longue date basé au Brésil, BTG Pactual.

Le prêt de 210 millions de dollars américains a été accordé par la EIB et la transaction s’inscrit dans la continuité d’opérations précédentes.

Sajeev Chakkalakal, Directeur général et Responsable de la banque d’investissement chez EMGA, a déclaré : « Une fois de plus, nous sommes ravis d’avoir organisé cette transaction historique visant à financer le portefeuille de prêts verts de BTG en vue de retombées positives nettes sur la durabilité de l’environnement et du climat. La EIB reste un investisseur clé pour EMGA et nous sommes fiers de l’avoir aidée à renforcer sa présence au Brésil dans le cadre de sa stratégie mondiale ».

Jeremy Dobson, Directeur général et Chef des opérations chez EMGA, a ajouté : « Ce fut un plaisir de travailler à nouveau avec BTG sur un financement supplémentaire auprès d’une nouvelle institution financière de développement (IFD). Nous nous réjouissons de poursuivre nos excellents résultats en matière de financement au Brésil et dans le reste de l’Amérique latine ».

BTG Pactual : BTG est la plus grande banque d’investissement d’Amérique latine, la 6e banque du Brésil en termes de capitaux propres et un acteur clé dans l’octroi de prêts et de garanties à un large éventail de clients, des PME aux grandes entreprises. BTG est une banque pionnière dans la promotion du financement de la lutte contre le changement climatique au Brésil et joue un rôle décisif dans la canalisation des ressources vers des projets ayant un impact positif sur la communauté. 

EIB : La European Investment Bank (EIB), est la banque d’investissement de l’Union européenne et la plus grande institution financière multilatérale au monde. La EIB finance et investit à la fois par le biais de capitaux propres et de solutions d’emprunt et se concentre sur les domaines du climat, de l’environnement, des petites et moyennes entreprises (PME), du développement, de la cohésion et des infrastructures. 

Emerging Markets Global Advisory LLP (EMGA), dont les bureaux sont basés à Londres et à New York, vient en aide aux établissements financiers et aux entreprises à la recherche de nouveaux capitaux d’emprunt ou de capitaux propres. L’équipe multinationale d’EMGA possède collectivement des dizaines d’années d’expérience dans la conclusion de plus de 9 milliards USD de transactions d’emprunt et de capital–investissement pour leurs clients sur les marchés émergents et les économies frontières du monde, y compris le Brésil qui reste un marché stratégique. Avec une expérience reconnue dans la formation de capital et le conseil stratégique à travers divers cycles économiques, EMGA continue d’offrir une vaste couverture géographique et une gamme de services diversifiée, consolidant ainsi sa place sur le marché en tant que banque d’investissement de premier plan spécialisée dans les marchés émergents.

Contact : info@emergingmarketsglobaladvisory.com


GLOBENEWSWIRE (Distribution ID 1001025332)

EMGA erhält 210 Millionen US-Dollar von der EIB für brasilianischen Kunden BTG Pactual

LONDON, Nov. 26, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) gibt heute bekannt, dass sie eine Fremdfinanzierung in Höhe von 210 Millionen US–Dollar für ihren langjährigen brasilianischen Kunden BTG Pactual sichern konnten.

Die Kreditfazilität in Höhe von 210 Millionen US–Dollar wurde von der EIB bereitgestellt und die Transaktion schließt an frühere Geschäfte an.

Sajeev Chakkalakal, Managing Director und Head of Investment Banking bei EMGA, dazu: „Wir freuen uns erneut, diese richtungsweisende Transaktion zur Finanzierung des Green–Lending–Portfolios von BTG und die daraus resultierenden starken positiven Nettoeffekte für die Klimafreundlichkeit arrangiert zu haben. Die EIB ist nach wie vor ein wichtiger Investor für EMGA, und wir sind stolz darauf, dass wir das Unternehmen bei der Ausweitung seiner Präsenz in Brasilien im Rahmen seiner umfassenderen globalen Strategie unterstützen konnten.“

Jeremy Dobson, Managing Director und Head of Operations bei EMGA, fügte hinzu: „Es war mir eine Freude, erneut mit BTG an einer zusätzlichen Finanzierung mit einer neuen Entwicklungsfinanzierungsgesellschaft (DFI) zusammenzuarbeiten. Wir freuen uns darauf, unsere starke Erfolgsbilanz bei der Vermittlung von Finanzierungen in Brasilien und dem Rest Lateinamerikas fortzusetzen.“

BTG Pactual: BTG ist die größte Investmentbank in Lateinamerika, die sechstgrößte Bank in Brasilien nach Eigenkapital und ein wichtiger Akteur bei der Bereitstellung von Krediten und Garantien für eine breite Palette von Kunden, von KMU bis hin zu Großunternehmen. BTG ist ein Vorreiter bei der Förderung der Klimafinanzierung in Brasilien und spielt eine entscheidende Rolle bei der Kanalisierung von Ressourcen für Projekte mit positiven Auswirkungen auf die lokalen Gemeinschaften. 

EIB: EIB ist The European Investement Bank (EIB) – die Investitionsbank der Europäischen Union. Sie ist die größte multilaterale Finanzinstitution der Welt. Die EIB finanziert und investiert sowohl über Eigenkapital– als auch über Fremdkapitallösungen und konzentriert sich auf die Bereiche Klima, Umwelt, kleine und mittlere Unternehmen (KMU), Entwicklung, Kohäsion und Infrastruktur. 

Emerging Markets Global Advisory LLP (EMGA), mit Niederlassungen in London und New York, unterstützt Finanzinstitute und Unternehmen bei der Beschaffung von neuem Fremd– oder Eigenkapital. Das multinationale Team von EMGA verfügt gemeinsam über jahrzehntelange Erfahrung im Abschluss von Transaktionen im Wert von über 9 Mrd. US–Dollar in den Bereichen Schulden und Private Equity für seine Kunden in den Schwellen– und Grenzmärkten der Welt, darunter Brasilien, das nach wie vor ein wichtiger Markt ist. Mit einer nachgewiesenen Erfolgsbilanz in der Kapitalbildung und strategischen Beratung während verschiedener Wirtschaftszyklen bietet EMGA weiterhin eine geografische Reichweite und ein vielfältiges Dienstleistungsangebot und festigt damit seine Position auf dem Markt als herausragende, auf Schwellenländer spezialisierte Boutique–Investmentbank.

Kontaktinformationen: info@emergingmarketsglobaladvisory.com


GLOBENEWSWIRE (Distribution ID 1001025332)

A EMGA garante US$ 210 milhões do EIB para o BTG Pactual do Brasil

LONDRES, Nov. 26, 2024 (GLOBE NEWSWIRE) — A Emerging Markets Global Advisory LLP (EMGA) anuncia hoje que garantiu US$ 210 milhões em financiamento de dívida para seu cliente de longa data no Brasil, o BTG Pactual.

A linha de crédito de US$ 210 milhões foi fornecida pelo EIB, dando continuidade às operações anteriores.

Sajeev Chakkalakal, Diretor Executivo e Presidente do Banco de Investimentos da EMGA, afirmou: “Mais uma vez estamos satisfeitos por termos organizado esta transação histórica, que busca financiar o portfólio de Empréstimos Verdes do BTG e os fortes benefícios líquidos positivos resultantes para a sustentabilidade climática. O EIB continua sendo um relacionamento importante para a EMGA, e estamos orgulhosos de tê–los ajudado a aumentar sua presença no Brasil como parte da sua estratégia mais ampla do EIB Global.”

Jeremy Dobson, Diretor Executivo e Chefe de Operações da EMGA, acrescentou: “Foi um prazer trabalhar novamente com o BTG em um financiamento adicional com uma nova Instituição Financeira de Desenvolvimento (IFD). Esperamos dar continuar à nossa sólida trajetória na organização de financiamentos no Brasil e no restante da América Latina.”

BTG Pactual: o BTG Pactual é o maior banco de investimento da América Latina, o 6º maior banco do Brasil em termos de patrimônio líquido e um agente importante na concessão de empréstimos e garantias a um amplo conjunto de clientes, de SMEs a grandes corporações. O BTG é pioneiro na promoção do financiamento climático no Brasil e desempenha um papel fundamental na canalização de recursos para projetos com impacto positivo na comunidade. 

EIB: o EIB é o European Investment Bank (EIB), o banco de investimentos da União Europeia e a maior instituição financeira multilateral do mundo. O EIB financia e investe tanto por meio de soluções de patrimônio quanto de dívida, com foco nas áreas de clima, meio ambiente, PMEs, desenvolvimento, coesão e infraestrutura. 

A Emerging Markets Global Advisory LLP (EMGA), com escritórios em Londres e Nova Iorque, auxilia instituições financeiras e empresas que buscam novos capitais privados ou de dívidas. A equipe multinacional da EMGA acumula décadas de experiência na conclusão de transações que somam mais de US$ 9 bilhões em dívida e capital privado para seus clientes em mercados emergentes e economias de fronteira em todo o mundo, incluindo o Brasil, que continua sendo um mercado estratégico. 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 oferecendo uma variedade de serviços, consolidando sua posição no mercado como um banco de investimento de destaque, especializado em mercados emergentes.

Contato info@emergingmarketsglobaladvisory.com


GLOBENEWSWIRE (Distribution ID 1001025332)

Nature, Climate, and Prosperity: Unlocking the Power of Integrated Action

Credit: UNDP Suriname

By Michelle Muschett and Flor de Maria Bolaños
NEW YORK, Nov 26 2024 – As the world faces escalating challenges, from climate change to biodiversity loss and ecosystem degradation, there is now a rapidly expanding understanding that these crises are deeply interconnected.

This wider recognition of the interconnectedness of these planetary crises is an opportunity to bring interconnected solutions to the foreground and the people who are driving these solutions forward.

Indigenous Peoples and local communities have long adopted integrated solutions that connect climate action, nature conservation, and inclusive economic growth, by amplifying their voices we can accelerate our transition to a sustainable, resilient future.

The United Nations Development Programme (UNDP) is at the forefront of this effort, fostering inclusive governance, building partnerships, and promoting innovative approaches that protect people and the planet.

The urgency of addressing climate change is undeniable, but climate action alone is insufficient. The rapid degradation of ecosystems and loss of biodiversity exacerbate climate impacts, endangering both the environment and people’s well-being.

Forests, wetlands, and other ecosystems are essential in regulating the climate, supporting livelihoods, and ensuring food and water security for billions.

Credit: UNDP Panama

Acknowledging that human and planetary health are inseparable, this year’s 16th Conference of the Parties (COP16) to the Convention on Biological Diversity theme, “Peace with Nature,” emphasized the need for a harmonious relationship with nature. As societies, we are an integral part of the natural world, and only by reversing habitat loss, protecting ecosystems, and creating spaces where biodiversity can thrive can we lay the foundation for a sustainable future.

Nature is embedded in all aspects of life, making it essential for COP16 participants—from governments to Indigenous communities and the private sector—to commit to an inclusive and equitable process in building peace with nature.

The Latin America and Caribbean region, considered a “biodiversity superpower,” holds one of the world’s largest reserves of natural capital, covering 46.5 percent of forested land. This region is home to six of the world’s most megadiverse countries (Brazil, Colombia, Ecuador, Mexico, Peru, and Venezuela), including 11 of Earth’s 14 biomes and the Amazon rainforest, the planet’s most biodiverse habitat.

By connecting climate, nature, and development across diverse landscapes—from Patagonia and the Caribbean to the Galapagos, Chocó and Magdalena, the Atlantic Forest, the Mesoamerican Biological Corridor, mangroves, reefs, and the Amazon—the region has the potential to lead a global shift from nature-negative to nature-positive and climate-resilient systems.

Biodiversity and ecosystems took center stage in 2024 as the COP16 to the Convention on Biological Diversity convened in Cali, Colombia. Here, nearly 200 countries came together to discuss solutions to halt the rapid destruction of nature.

COP16 was seen as the “first implementation COP,” where governments, Indigenous communities, businesses, financial institutions, and civil society shared progress and strengthened the Global Biodiversity Framework (GBF).

This meeting, alongside Climate COP29 in Azerbaijan and Land Degradation COP16 in Saudi Arabia, underscored the interconnectedness of these crises and marked a pivotal moment in taking bold steps to reduce humanity’s pressure on the planet.

Interconnected crises demand interconnected solutions, and UNDP stands as a connector at the nexus of climate, nature, and development, implementing solutions across 140 countries with a $3.4 billion nature portfolio and a $2.3 billion climate portfolio.

Through the Climate Promise and the Nature Pledge, UNDP supports over 125 countries in enhancing their NDCs and biodiversity action plans (NBSAPs), ensuring that these global commitments result in tangible, on-the-ground progress.

By treating climate, nature, and development as interdependent, we can create solutions that address both environmental and economic goals.

The conviction that climate and nature solutions must be inclusive and equitable is at the core of UNDP’s approach. UNDP brings diverse voices to the environmental agenda, acknowledging the ancestral wisdom of Indigenous Peoples, local communities, women, and youth.

Indigenous Peoples, who have managed biodiversity-rich ecosystems for generations, play a crucial role in protecting the planet’s natural resources. Their culture and profound knowledge—based on centuries of living in harmony with nature—are invaluable for shaping sustainable, resilient solutions.

A successful case of inclusive governance and integrated development is the partnership between UNDP, Ecuador, local communities, and Lavazza. This collaboration focuses on producing deforestation-free coffee, allowing farmers to cultivate coffee while restoring forests and protecting ecosystems, blending environmental protection with inclusive economic growth for local communities.

The “deforestation-free” certification guarantees that coffee production does not contribute to deforestation, preserving biodiversity and boosting Ecuadorian coffee’s global market potential. More than 1,800 families from the Ecuadorian Amazon region have participated, receiving training, infrastructure improvements, and market access. Around 40% of these participants are women, underscoring the project’s commitment to inclusivity and gender equity.

The result is a flourishing coffee sector that supports both environmental sustainability and economic resilience. This partnership provides a blueprint for how businesses can align with environmental goals to drive systemic change, proving that sustainable development not only protects the planet but also generates resilient human development and economic opportunities that directly benefit communities.

Financing is critical to addressing the interconnected crisis of climate change, biodiversity loss, and ecosystem degradation at scale. Financial flows need to triple to meet the targets of the Paris Agreement and the Sustainable Development Goals. UNDP works with countries to access, channel, and deliver finance for nature and climate goals.

This includes large-scale support for countries such as Ecuador, Brazil, and Costa Rica to secure financing for implementing their Reducing Emissions from Deforestation and Forest Degradation (REDD+) strategies. These strategies are critical in reducing deforestation emissions while supporting sustainable livelihoods.

Additionally, UNDP’s Biodiversity Finance Initiative (BIOFIN) supports 130 countries in crafting and implementing national biodiversity finance plans. In Cuba, for example, BIOFIN’s support enabled a policy change that allows landowners to claim payments for carbon emissions offset by forests on their land.

This initiative protects Cuba’s biodiversity while playing a vital role in reducing pollution and mitigating climate change. In Costa Rica, the RAICES Indigenous Tourism Incubator, with BIOFIN’s support, has mobilized over US$1.5 million, benefiting more than 2,000 Indigenous people and establishing 28 tourism projects.

These initiatives help manage nearly 1,900 hectares of forest sustainably. In Colombia, BIOFIN has partnered with FINAGRO, the nation’s largest agricultural development bank, to embed biodiversity protection into its financial tools, advancing Colombia toward achieving its GBF goals.

The enormous challenges of climate change and biodiversity loss present an opportunity to rethink how we develop as a global society. Recognizing the interconnectedness of these issues allows for integrated solutions that unlock new pathways to progress.

As the world approaches crucial tipping points, including the convergence of three major environmental COPs within six weeks, we must embrace solutions that foster nature-positive and climate-resilient economies.

UNDP calls on governments, multilateral institutions, and the private sector to prioritize nature-positive, low-carbon, and regenerative financing, ensuring that ecosystems and communities alike are resilient. The urgency is clear: bold action is needed now, for the benefit of all people and the planet; we need to make peace with nature.

Michelle Muschett is Director, Regional Bureau for Latin America and the Caribbean of the United Nations Development Programme (UNDP); Flor de Maria Bolaños is Country Specialist UNDP for Latin America and the Caribbean.

IPS UN Bureau

 


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Expand choices for Women, Prevent New HIV Infections in Africa

Lillian Mworeko of ICWL with UNAIDS Executive Director, Winnie Byanyima, at the launch of the Choice Manifesto. Credit: Wambi Michael/IPS

Lillian Mworeko of ICWL with UNAIDS Executive Director, Winnie Byanyima, at the launch of the Choice Manifesto. Credit: Wambi Michael/IPS

By Wambi Michael
MBALE, WAKISO, KAMPALA, Uganda, Nov 26 2024 – In Uganda, women and girls are more affected by HIV. Out of 1.4 million people living with the disease, 860 000 are women and girls.

According to UNAIDS, every week, 4,000 adolescent girls and young women aged 15–24 years became infected with HIV globally in 2023, with 3,100 of these infections occurring in sub-Saharan Africa.

In 2023, in sub-Saharan Africa, women and girls accounted for 62 percent of all new HIV infections.

As part of the efforts to prevent new infections and death among the adolescents and women, Uganda adopted oral PrEP in 2017, or pre-exposure prophylaxis. PrEP, or pre-exposure prophylaxis, is medicine people at risk for HIV take to prevent getting HIV from sex or injection drug use.

In January 2021, the World Health Organization (WHO) recommended that the dapivirine vaginal ring (DPV-VR) may be offered as an additional prevention choice for women at substantial risk of HIV infection as part of combination prevention approaches.

Dr. Daniel Byamukama, the head of HIV prevention at the Uganda Aids Commission, revealed that HIV prevalence remains high among key populations. Credit: Wambi Michael/IPS

Dr. Daniel Byamukama, the head of HIV prevention at the Uganda Aids Commission, revealed that HIV prevalence remains high among key populations. Credit: Wambi Michael/IPS

Because Uganda largely depends on donor support for HIV/AIDS treatment and prevention, PrEP tools like the dapivirine vaginal ring (DPV-VR) and a twice-yearly injection known as lenacapavira are rolled out in a phased-funded approach, and therefore more women and adolescent girls continue to be infected despite the efficacy of these medications and tools.

A bio-behavioral survey conducted in 12 of Uganda’s regional towns found that 54 percent (over half of the sex workers aged 35-49 years) were living with HIV. The results of the survey released in October indicated that one in three commercial sex workers missed taking their ARVS at least once.

Dr. Geoffrey Musinguzi, the principal investigator, said each female sex worker had had a sexual encounter with at least four men. He suggested HIV pre-exposure prophylaxis (PrEP) could stop the majority of HIV transmissions that still happen in Uganda and most of the sub-Saharan countries.

Lynette Nangoma (not her real name) is one of the lucky female Ugandan women who have had the chance to have access to oral pre-exposure prophylaxis as well as the vaginal dapivirine vaginal ring. She told IPS that there are times when she forgets to take her PrEP pills. Nyangoma usually engages in multiple sexual relationships. ”Thank God I’m still alive and HIV-free. I think those tablets helped a lot. As you may know, this job of ours can be risky,” she narrates.

Dr. Diana Atwine, the Permanent Secretary at Uganda's Health Ministry, said the dapivirine vaginal ring is only available in seven districts funded by USAID under PEPFAR.

Dr. Diana Atwine, the Permanent Secretary at Uganda’s Health Ministry, said the dapivirine vaginal ring is only available in seven districts funded by USAID under PEPFAR.

Dr. Daniel Byamukama, the head of HIV prevention at the Uganda Aids Commission, revealed that HIV prevalence remains high among key populations, at 33 percent among sex workers, 15 percent among prisoners, and 17 percent among people who inject and use drugs.

Nangoma told IPS that she has been using the dapivirine vaginal ring for the last four months.

“I feared it at first when a health worker was brought in to teach us about it. It looked too big. But I decided to try it. I can tell that for me, I find very convenient.”

The dapivirine vaginal ring is a female-initiated option to reduce the risk of HIV infection. It must be worn inside the vagina for 28 days, after which it should be replaced by a new ring. The ring works by releasing the antiretroviral drug dapivirine from the ring into the vagina slowly over 28 days.

Nangoma told IPS that some of her colleagues have been hesitant to use it, fearing discomfort.

Dr. Carolyne A. Akello, who has spent over 10 years in HIV/AIDS research with a focus on HIV prevention among women of reproductive age, including adolescent girls and young women, told IPS: “Yes, it looks big, but actually the vagina is a very accommodating organ. The ring is inserted into the vagina, and it is held up by the muscles. The ring was well researched. It is one size fits all. So whether small, big, or short, it fits every woman. It usually goes to the back of the vagina. There is where it sits for all the 28 days.”

“For a woman to use it consistently, we ask her to leave it there even during sex and menstrual periods. And many women, once they fix it, actually say, ‘Wow. The ring seems to have disappeared; I don’t feel it any more.’ And also, many men don’t feel it during sex. Seven out of ten men did not know that their partner was using the ring,” said Akello.

Unlike daily oral PrEP, dapivirine vaginal ring does not rely on remembering to take a pill each day and is also discreet as it stays inside the vagina throughout the month.

HIV/AIDS activist and access to medicine campaigner who leads the International Community of Women Living with HIV in Eastern Africa (ICWEA), Lillian Mworeko, told IPS that one of the advantages of the dapivirine vaginal ring is that it is discreet.

“It gives power to the woman in terms of control. They are able to fix it themselves. They are in charge. You are giving power to the woman to take care of their prevention. We strongly advocate for it,” Mworeko said. “So that women, especially adolescent girls and young women who are not able to negotiate for safer sex, have a tool that is in their control without seeking permission.”

Uganda was among the first countries in sub-Saharan Africa to approve dapivirine ring. Others included Namibia, South Africa, Kenya, Zimbabwe, Zambia, Malawi, Rwanda, Eswatini, Lesotho, and Botswana. The ring was designed for women to use in countries that still carry a high level of stigma around HIV. In 2023, South Africa announced a national rollout of the ring. Eswatini, Zambia, Rwanda, and Kenya have embarked on similar efforts.

Dr. Diana Atwine, the Permanent Secretary at Uganda’s Ministry of Health, said the dapivirine vaginal ring is only available in seven districts funded by USAID under PEPFAR. Less than three hundred women had accessed the vaginal ring through that initiative by the end of August 2024.

While Atwine says lenacapavir will be a game-changer in terms of reducing the burden of daily pills and minimizing stigma and stigmatization, her ministry’s budget cannot afford the high cost of such tools.

As Uganda joins the rest of the world to mark World AIDS Day, Mworeko used the occasion to express her frustration that so many women in Africa cannot access these tools because their governments say they cannot afford them. Gilead Sciences, the company behind lenacapavir, reportedly charges the one-month ring, which currently costs USD 12.8 per month.

“When we talk about life and the lives of people, we need to put it into the context that nothing can compare with a person who is going to live with HIV for the rest of their life. We cannot compare the price of prevention with treating a person for life,” argues Mworeko.

She suggests that other than waiting for donations that delay or never arrive, the leaders of Africa must set part of their national budgets to ensure that women and girls have access to the new prevention tools and methods.

“What is the cost of preventing a young girl from getting HIV, and they are going to live the rest of their life free of HIV? They are going to deliver babies free of HIV, and they are going to contribute to the economy of their country. Compared to not acting now in the name of the cost, we are going to have this young person infected with HIV, and we must treat them,” Mworeko asked.

When asked about the facts that Uganda and other countries in Africa lacked money to make their own purchases of the prevention measures, Mworeko said, “What are our priorities? Who prioritizes what? We must prioritize where our hearts are. We cannot continue talking about new HIV infections when tools are here.”

Part of Mworeko’s frustration was partly directed towards researchers and the manufacturers of these medicines and preventive measures.

“I think the most disturbing situation is that most of the research is done here in our country. We are slow at rolling them out. Yet other countries pick up and fund these interventions. So we contribute to research, but we don’t benefit as a country. Because there is no one who would want to see their children infected with HIV,” says Mworeko, one of the activists behind the HIV Prevention Choice Manifesto for Women and Girls in Africa.

Uganda was among the countries where clinical trials for Gilead’s PURPOSE 1 were conducted. The results showed the high prevention effectiveness of the six-monthly long-acting injectable drug lenacapavir for cisgender adolescent girls and women, cisgender men, and transgender women.

The Global HIV Prevention Coalition (GPC), UNAIDS, and other partners called on Gilead Sciences to accelerate their efforts in ensuring that it is made available, accessible, and cost-effective, especially to low- and middle-income countries. It said the company’s approach must reflect the urgency of their needs.

“We urge Gilead to act swiftly in ensuring equitable, sustainable, broad access, particularly in markets with the highest need,” said GPC.

Gilead promised in early October that it will prioritize providing lenacapavir to Rwanda, South Africa, Tanzania, Thailand, Uganda, Vietnam, Zambia, and Zimbabwe until generic versions are available.

Dr. Flavia Matovu Kiweewa, one of the researchers on Gilead Sciences’ PURPOSE program in trials in Uganda, said: “I know Gilead Sciences has committed to providing licenses to generic manufacturers to make this product. But countries need to advocate so that we can be the first beneficiaries of lencapvir because we have significantly contributed to the study. But not only that, we are seeing lots of infections in young women.”

Dr. Herbert Kadama, the PrEP coordinator at the Ministry of Health, said Uganda plans to adopt lenacapvir and dapivirine vaginal ring are part of the efforts to address the challenges women also face with HIV/AIDS. He noted that 63 percent of new infections in Uganda, like the rest of Africa, are in women and girls.

According to Dr. Flavia Matovu Kiweewa, lencapvir prevents HIV acquisition by HIV-negative women by 100% compared to other preventive measures, but it is not a vaccine.

”We are glad that for the first time ever in history, we have an intervention that can give 100% protection against acquiring HIV. For us who have been in the PrEP field for quite some time, we faced lots of disappointments, especially for women trials. Because women are not able to adhere to daily interventions and they are influenced by their partners and friends,” said Matovu Kiweewa.

“Lenacapvir is going to be a game changer in the HIV prevention landscape. We are very excited that if we can access lanacapvir in Uganda and other high-burden settings in Africa, we will reduce the incidence of HIV significantly,” she added.

IPS UN Bureau Report

 


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Never Disparage a Toilet

Nearly half the world’s population—over 3.5 billion people—lack access to safe toilets, with 419 million forced to practice open defecation

Photo courtesy: Shelter Associates

By Baher Kamal
MADRID, Nov 26 2024 – In most Western European countries you can purchase –or rent- a 60 square-metres flat that is equipped with two toilets, one for her and one for him. Larger apartments may feature even more.

For those who can afford it, such facilities are taken for granted. Yet, nearly half the global population—over 3.5 billion people—live without access to safely managed sanitation, including 419 million forced to practice open defecation.

The Hidden Reality of Open Defecation

The consequences of open defecation are stark. Human waste contaminates rivers and groundwater—often the primary sources of drinking, cooking, and bathing water in impoverished regions. It pollutes the air and fuels the spread of deadly diseases like cholera and malaria.

For women and adolescent girls, the lack of sanitation also brings added challenges. Without hygienic facilities, they face health risks and societal stigma, particularly during menstruation, with nowhere to manage this basic need in privacy.

 

Global Promises, Limited Progress

Year after year, the world’s largest multilateral system – the United Nations, tries to draw attention to the dangers of the lack of such an essential sanitation service. And so it does once and again on the occasion of the 2024 World Toilet Day.

These dangers are one of the main sources of concern and worry of at latest 30 specialised bodies grouped in the international system.

Such is the case of the World Health Organization (WHO), the UN Children Fund (UNICEF), the UN Women, among many others, let alone the UN-Water which coordinates the United Nations’ work on water and sanitation.

Politicians promised that by 2030, they would achieve access to adequate and equitable sanitation and hygiene for all and end open defecation, paying special attention to the needs of women and girls and those in vulnerable situations.

This promise is part of the Sustainable Development Goals (SDGs).

Marking World Toilet Day on November 19th, the global community faces a pressing sanitation crisis affecting 3.5 billion people. Credit: Lova Rabary-Rakontondravony/IPS

Safely managed sanitation protects groundwater from human waste pollution. Credit: Lova Rabary-Rakontondravony/IPS

Yet another unmet promise

Nevertheless, “the world is alarmingly off-track to deliver sanitation for all by 2030.”

The evidence is sobering:

  • Over half the world’s population, 4.2 billion people, use sanitation services that leave human waste untreated, jeopardizing human and environmental health.
  • Of those, 673 million lack any toilet and practice open defecation.
  • An estimated 367 million school-age children attend schools without toilets.
  • Only 32% of forcibly displaced people have basic sanitation access.

At the current pace, sanitation for all won’t become a reality until the 22nd century, warns the World Health Organization.

Also this year, the whole UN system recalls that ‘Safe toilets for all by 2030’ is one of the targets of Sustainable Development Goal 6 . However, “the world is seriously off track.”

Indeed, this goal is among the 17 SDGs which were adopted nearly a decade ago by all members of the United Nations.

Also Toilets Are Under Threat

Yes, as armed conflicts, extreme weather events and disasters can destroy, damage or disrupt sanitation services. Here go some of the consequences:

“When toilet systems don’t work – or don’t exist – untreated human waste spreads in the environment, unleashing deadly diseases such as cholera,” warns the United Nations.

– Unsafe water, sanitation and hygiene are responsible for the deaths of around 1,000 children under five every day. (WHO, 2023)

– Children who live in extremely fragile contexts are three times more likely to practise open defecation, four times more likely to lack basic sanitation services and eight times more likely to lack basic drinking water services. (UNICEF, 2024).

Obviously the citizens living in industrialised countries are not to be blamed for having toilets… not at all. Rather, good for them.

But what about the decision-makers?

Human Rights Protection Crucial to Meeting the 2030 AIDS Public Health Goals

Ahead of World AIDS Day (1 December), a new report by UNAIDS released its report, Take the rights path to end AIDS. Credit: UN AIDS

Ahead of World AIDS Day (1 December), a new report by UNAIDS released its report, ‘Take the rights path to end AIDS.’ Credit: UN AIDS

By Ed Holt
BRATISLAVA, Nov 26 2024 – Gaps in realising human rights could stop AIDS being ended as a public health threat by 2030, UNAIDS has warned in a report to mark World AIDS Day.

In the report, entitled Take the Rights Path, the group says the global HIV response is at an inflection point and that decisions taken now by governments will determine whether the AIDS pandemic is no longer a public health threat by the end of the decade, a commitment in the UN Sustainable Development Goals (SDGs).

It highlights that a litany of widespread rights abuses, including girls being denied education, impunity for gender-based violence, arrests of people for who they are or who they love, and other barriers to accessing HIV services simply because of the community a person is from, are endangering efforts to end the pandemic.

The group has called on world leaders to ensure rights are upheld so that everyone that needs to can reach lifesaving programmes and AIDS can be ended, or risk “a future of needless illness, death, and unending costs.”

“It is entirely possible to end AIDS—the path is clear. Leaders must only choose to follow it,” Winnie Byanyima, UNAIDS Executive Director, told IPS.

HIV/AIDS activists and public health experts have in recent years increasingly pointed to the effects of repression of human rights on efforts to fight HIV/AIDS.

They have highlighted a growing marginalization and stigmatization of key populations, including LGBT+ people, and drug users, in a number of countries, including the introduction of legislation directly discriminating against those communities. Meanwhile, women’s rights continue to be repressed or not fully upheld in many parts of the world.

The UNAIDS report points out that currently, only three countries report no prosecutions over the past 10 years for HIV non-disclosure, exposure, or transmission and have no laws in place criminalizing sex work, same-sex relations, possession of small amounts of drugs, transgender people, or HIV nondisclosure, exposure, or transmission. It also shows that 44 percent of all new HIV infections worldwide are among women and girls.

Activists say it is essential that criminal and other laws that harm people’s rights must be removed, and at the same time laws and policies that uphold the rights of everyone impacted by HIV and AIDS are enacted.

“The science couldn’t be more clear—criminalization is prolonging the HIV epidemic and erodes the trust in the health system that is necessary not only for an effective HIV response but also for strong pandemic responses more broadly. But these gaps can be overcome—what’s missing is political will,” Asia Russell, Executive Director of campaign group Health GAP, told IPS.

There is concern, though, that against a backdrop of growing authoritarianism and a pushback against rights in many countries, this will be challenging.

“Scapegoating and criminalizing communities is a tool dictators and autocrats are turning to more frequently, driving people away from life-saving health services and making all communities less safe,” said Russell.

Ganna Dovbakh, Executive Director at the Eurasian Harm Reduction Network (EHRA), went even further, suggesting widespread criminalisation meant that achieving the end of AIDS as a public health threat increasingly appeared to be “wishful thinking.”

“It sounds unrealistic. Taking into account anti-gender and anti-human rights movements across the globe, it sounds too ambitious,” she told IPS.

However, while the report raises concerns about how the failure to ensure human rights is impacting efforts to fight HIV/AIDS and the potential for inaction on the matter to halt or even reverse progress in battling the disease, UNAIDS points out that there has been success in countries where people-centred approaches to fighting HIV have been adopted.

“Seven countries in Africa (Botswana, Eswatini, Kenya, Malawi, Rwanda, Zambia, and Zimbabwe) have already reached UNAIDS testing and treatment targets (95-95-95) for the general population.

“This is a testament to global solidarity, African political leadership, and the strong collaboration between governments, communities, civil society, science, and the private sector,” said Byanyima.

“While there are rising threats from anti-LGBTQ fundamentalists in the US, Russia, Uganda, Kenya, Tanzania, and elsewhere, not all countries are blindly embracing criminalization,” said Russell. “Some governments, however, have recently rejected this approach—such as Namibia, pointing to the racist and colonial origin of such laws and their destabilizing effect not on the HIV response but on society as a whole.”

However, the report lays bare the scale of the global challenge to end AIDS by the end of the decade.

In 2023, 9.3 million [7.4 million–10.8 million] people living with HIV were still not receiving antiretroviral therapy, and 1.3 million [1.0 million–1.7 million] people newly acquired HIV. In the regions where numbers of new HIV infections are growing the fastest, only very slow progress is being made in scaling up pre-exposure prophylaxis (PrEP). These regions also lag behind sub-Saharan Africa in progress towards meeting the 95–95–95 HIV testing and treatment targets, according to the report.

It also said that coverage of prevention services among the populations at greatest risk of HIV is very low—typically at less than 50 percent—and that HIV infections are rising in at least 28 countries around the world.

“These countries need to look at their policies and programmes and build a rights-based approach to turn their epidemics around,” said Byanyima.

Despite this, the group remains optimistic that the disease can be ended as a public health threat by the end of the decade—if governments take action now.

“It is still possible, but leaders must act now to dismantle barriers to health. I remain hopeful, but it will only happen if countries with expanding epidemics change course and protect everyone’s rights to protect everyone’s health,” said Byanyima.

Some others agree, but say it is likely governments will need to be pushed into taking the action necessary to end AIDS.

“We have the interventions that can deliver the defeat of the AIDS crisis—if deployed at scale, with the people most in need at the front of the line rather than pushed to the back. What’s missing is equitable access to the advances of science and human rights and the political will,” said Russell.

“The case for closing the HIV funding gap, reversing criminalizing laws, and accelerating deployment of superior prevention technologies could not be stronger. Unfortunately. Many governments are not, on their own, showing the leadership we need… pressure is needed now to compel government action—political will in response to the AIDS crisis rarely happens because of benevolence; it emerges in response to the pressure of accountability from communities,” she added.

Mark Harrington, Executive Director of the Treatment Action Group campaign organisation, said decades of advances in medical science meant “the toolkit we have to prevent and treat HIV, and to ensure that people can live healthy long lives regardless of HIV status, is better than it’s ever been,” but that governments must be pushed to ensure they are “responsive to the health needs of their people to fulfill the promise of all these results of decades of research and activism.”

“Political will has to be continually created and strengthened. As activists, that is our job. Over the past four decades, scientists and activists have made unbelievable progress against a once untreatable disease. We need to keep on reminding policymakers of their duties and communities of their rights to health,” he told IPS.

IPS UN Bureau Report

 


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Explainer: Why COP29 Baku Outcome is a Bad Deal for Poor, Vulnerable Nations

COP 29/CMP 19/CMA 6 closing plenary Credit: Vugar Ibadov/UNFCC

COP 29/CMP 19/CMA 6 closing plenary
Credit: Vugar Ibadov/UNFCC

By Joyce Chimbi
NAIROBI & BAKU, Nov 26 2024 – The culmination of bitter, difficult, and challenging climate negotiations concluded with an announcement from the COP29 Presidency of Azerbaijan of the “agreement of the Baku Finance Goal—a new commitment to channel USD1.3 trillion of climate finance to the developing world each year by 2035.” This is on top of the USD 300 billion that the developed world is to extend to developing nations annually by 2035.

Developed nations appear perturbed by the outrage from the Global South as the COP29 Presidency big-up what is for all intents and purposes a bad deal for vulnerable nations on the frontlines of climate change. Once an annual inflation rate of 6 percent is factored into the new goal, USD 300 billion is not the tripling of funds that is being made out to be.

The Baku deal indicates that “developed countries will lead a new climate finance goal of at least USD 300 billion per annum by 2035 from all sources, as part of a total quantum of at least USD 1.3 trillion per annum by 2035 from all actors, with a roadmap developed in 2025.”

Ambiguous Climate Finance Promises

The promise of a USD 1.3 trillion of climate finance in line with what developing countries wanted rings hollow, for the text does not lay out the road map for how the funds are to be raised, postponing the issue to 2025. Even more concerning, Baku seems to have set things in motion for wealthy nations to distance themselves from their financial responsibility to vulnerable nations in the jaws of a vicious climate crisis.

COP29 text “calls for all actors to work together to enable the scaling up of financing to developing country Parties for climate action from all public and private sources to at least USD1.3 trillion per year by 2035.”

In this, there is a mixture of loans, grants, and private financing. Essentially, the Baku agreement reaffirms that developing nations should be paid to finance their climate actions, but it is vague on who should pay.

Baku to Belém Road Map

For finer details, there is a new road map in place now known as the “Baku to Belém Road Map to 1.3T.” COP29 text indicates that the “Baku to Belém, Brazil’ roadmap is about scaling up climate finance to USD 1.3 trillion before COP30 and that this is to be achieved through financial instruments such as grants, concessional as well as non-debt-creating instruments. In other words, the roadmap is about making everything clear in the coming months.

In climate finance, concessionals are loans. Only that they are a type of financial assistance that offers more favourable terms than the market, such as lower interest rates or grace periods. This is exactly what developing nations are against—being straddled with loans they cannot afford over a crisis they did not cause.

Article 6 of Paris Agreement: Carbon Markets

Beyond climate finance, there are other concerns with the final text. Although it has taken nearly a decade of debate over carbon trading and markets, COP29 Article 6 is complex and could cause more harm than good. On paper, the carbon markets agreements will “help countries deliver their climate plans more quickly and cheaply and make faster progress in halving global emissions this decade, as required by science.”

Although a UN-backed global carbon market with a clear pathway is a good deal, it falls short on the “transparency provision” as the agreement does not address the trust crises compromising current carbon markets. Countries will not be required to release information about their deals before trading and that carbon trading could derail efforts by the industrialized world to reduce emissions as they can continue to pay for polluting, and this will be credited as a “climate action.”

Climate Funds Fall Short

The Loss and Damage Fund seeks to offer financial assistance to countries greatly affected by climate change. There is nonetheless delayed operationalisation and uncertain funding, as COP29 did not define who pays into the fund and who is eligible to claim and draw from the fund.

The Adaptation Fund was set up to help developing countries build resilience and adapt to climate change. Every year, the fund seeks to raise at least USD 300 million but only receives USD 61 million, which is only a small fraction—about one-sixth—of what is required.

Final Text Quiet on Fossil Fuels

The final COP29 text does not mention fossil fuels and makes no reference to the historic COP28 deal to ‘transition away from fossil fuels’. Climate change mitigation means avoiding and reducing emissions of harmful gases into the atmosphere.

Fossil fuels are responsible for the climate crises, but the COP29 text on mitigation is silent on the issue of fossil fuels and does not therefore strengthen the previous COP28 UAE deal. Saudi Arabia was accused of watering down the text by ensuring that “fossil fuels” do not appear in the final agreement. They were successful, as the final text states, “Transitional fuels can play a role in facilitating the energy transition.”

Earlier, while welcoming delegates to COP29, Azerbaijan’s President Ilham Aliyev left no one in doubt about his stand on fossil fuels, saying that oil and gas are a “gift from God,” praising the use of natural resources including oil and gas, and castigating the West for condemning fossil fuels while still buying the country’s oil and gas.

Against this backdrop, COP29 negotiations were never going to be easy, and although the Summit overran by about 30 hours more than expected, it was certainly not the longest COP, and it will certainly not be the most difficult as Baku has successfully entrenched bitter divisions and mistrust between the developed and developing world.

IPS UN Bureau Report

 


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ROSEN, GLOBAL INVESTOR COUNSEL, Encourages ASML Holding N.V. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ASML

NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of ordinary shares of ASML Holding N.V. (NASDAQ: ASML) between January 24, 2024 and October 15, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025.

SO WHAT: If you purchased ASML ordinary shares during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the ASML class action, go to https://rosenlegal.com/submit–form/?case_id=31159 or call Phillip Kim, Esq. at 866–767–3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the issuers being faced by suppliers, like ASML, in the semiconductor industry were much more severe than defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than defendants had publicly acknowledged; (3) defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, defendants’ statements about ASML’s business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the ASML class action, go to https://rosenlegal.com/submit–form/?case_id=31159 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email case@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        case@rosenlegal.com
        www.rosenlegal.com


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