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J. Tuyet Nguyen, a journalist with years of experience, has covered major stories in New York City and the United Nations for United Press International, the German Press Agency dpa and various newspapers. His reports focused mostly on topics with international interests for readers worldwide. He was president of the United Nations Correspondents Association (2007 and 2008), which is composed of more than 250 journalists representing world media with influence over policy decision makers. He has chaired the organization of the annual UNCA Awards, which seeks to reward journalists around the world who have done the best broadcasts and written reports on the UN and its specialized agencies. He has traveled the world to cover events and write stories, from politics to the environment as well cultures of different regions. But his most important reporting work has been with the United Nations since the early 1980s. He was bureau chief of United Press International office at the UN headquarters before joining dpa in 1997. Prior to working at the UN, he was an editor on the International Desk of UPI World Headquarters in New York. He worked in Los Angeles and covered the final months of war in Vietnam for UPI.

Climate, Covid-19 and famine issues raised at Munich Security Conference as world faces more violent threats

Munich/New York, February 18 – Issues of climate change, the pandemic and famine were raised at the annual Munich Security Conference which held an in-person meeting amid war threats in Ukraine for the first time since Covid-19 struck three years ago.

United Nations Secretary-General Antonio Guterres told the meeting that non-traditional security issues like climate crisis and Covid-19, which are the world’s current biggest issues, may exacerbate global security and he demanded that world leaders take action.

On Ukraine, Guterres said, “I am deeply concerned about heightened tensions and increased speculation about a military conflict in Europe. I still think it will not happen. But if it did, it would be catastrophic.”

Guterres said the world has become more complex and dangerous under the pandemic. He cited security threats in Syria where Da’esh, Al-Qaida and its affiliates are regaining grounds, the risks of terrorist spill over out of Afghanistan as well as the alarming spread of terrorism in some African countries that show “how adept terrorists are at exploiting power vacuums and subverting fragile states.”

“The COVID-19 pandemic has highlighted the inadequacy and moral bankruptcy of the global financial system, which has increased the systemic inequality between north and south.

Many countries in the Global South have suffered devastating economic losses during the pandemic.

Governments face debt default and financial ruin, while their people face poverty, unemployment, hunger and despair.

“I urge all countries to step up support for global solutions to these non-traditional security threats, including the full implementation of the Paris Agreement on climate change; the World Health Organization global vaccination strategy; and urgent reforms to the global financial system to enable developing countries to access the resources needed to support their people,” Guterres said.

WHO: Pandemic will end “when we choose to end it.”

WHO Director-General, Dr Tedros Adhanom Ghebreyesus boldly told the conference that the answer to the question of when the pandemic will end: “It will end when we choose to end it. Because ultimately, it’s not a matter of chance, it’s a matter of choice.”

Tedros said the world now has the tools and know-how to end the pandemic this year.

“In particular, we are calling on all countries to fill the urgent financing gap of US$ 16 billion for the ACT Accelerator, to make vaccines, tests, treatments and PPE available everywhere,” he said.

Compared with the costs of another year of economic turmoil, $16 billion is frankly peanuts. And some finance ministers called it a rounding error to the money they are losing due to the pandemic.”

One of the programs to fight the pandemic is to allow and strengthen capacities for local production of vaccines and other health products in low- and middle-income countries. Tedros said WHO has established the WHO Technology Transfer Hub in South Africa, which has now developed its own mRNA COVID-19 vaccine candidate.

With the financial support of the European Union, WHO announced (February 18) the first six African countries to receive technology from the hub to produce their own mRNA vaccines: Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia.


Tedros called for substantial resources of $31 billion a year in order to strengthen global health security with about $20 billion coming from existing and projected domestic and international resources, leaving a gap of U$ 10 billion per year. 

“To close the gap for the most essential functions – such as surveillance, research and market-shaping for countermeasures – we support the idea of a new dedicated financing facility, anchored in, and directed by, WHO’s constitutional mandate, inclusive governance and technical expertise,” he said.

WFP: Famine threatens world like a ring of fire
David Beasly, Executive Director of the UN World Food Program (WFP), told the conference that conflict and climate shocks compounded by the pandemic and rising costs are driving millions of people to the brink of starvation.

“We have a ring of fire circling the earth now from the Sahel to South Sudan to Yemen, to Afghanistan, all the way around to Haiti and Central America,” Beasley said. “If we do not address the situation immediately over the next 9 months we will see famine, we will see destabilization of nations and we will see mass migration. If we don’t do something we are going to pay a mighty big price.”

He said a total of 45 million people in 43 countries are teetering on the edge of famine and as global hunger rates and humanitarian needs shoot ever higher, the resources required to meet them are levelling off. Beasly said the number of food insecure people has jumped from 135 million to 283 million in the last two years and it could spike ever further.

“We averted famine and catastrophe in 2021 and 2022 because nations stepped up. We thought COVID would be behind us by 2022, but it only recycled again, exacerbating, and creating economic catastrophes among the poorest countries around the world,” Beasley said. “WFP has the solutions and we’ve got the programs to stop this crisis, we just need the money, otherwise nations around the world will pay for it a thousand-fold.”

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UPDATE: WHO calls for $23 billion to end pandemic in 2022; Africa on track to control Covid-19

Geneva/New York, February 11 – The World Health Organization has launched a global campaign to raise $23 billion which it said would put an end to the pandemic as a global emergency in 2022. WHO said the launch amounts to a new financing framework based on the ‘fair share’ of financing that each high-income country should contribute to the ACT-Accelerator’s global response.

The Access to Covid-19 Tools (ACT) Accelerator (see ACT-Accelerator) is a partnership of leading UN agencies that is providing low and middle-income countries with tests, treatments, vaccines, and personal protective equipment. WHO said ‘fair shares’ are calculated based on the size of their national economy and what they would gain from a faster recovery of the global economy and trade. 

“The end of this pandemic can be within our sights – this year,” UN Secretary-General Antonio Guterres said of the launch. “We can get the economic recovery back on track and rescue the Sustainable Development Goals. But we need to act now.”

“Vaccines, tests and effective treatments are available. Yet many low and lower middle-income countries are still not getting these pandemic-ending tools to protect their families and communities – and our world. Until and unless we can ensure access to these tools, the pandemic will not go away, and the sense of insecurity of people will only deepen. We have the systems to accelerate the rollout of these essential tools.”

Dr. Matshidiso Moeti, the WHO Regional Director for Africa, said Africa is on track to control the COVID-19 pandemic this year if current trends continue because the continent has become smarter, faster and better at responding to each new surge, UN News reported. But she said vigilance will remain key.

“Against the odds, including huge inequities in access to vaccination, we’ve weathered the COVID-19 storm with resilience and determination, informed by Africa’s long history and experience with controlling outbreaks,” she said. 

Moeti said Africa has gone through four waves of Covid-19, which claimed over 242,000 lives and tremendous damage to economies.

She said every month that emergency containment measures stay in place costs the continent roughly $13.8 billion in lost Gross Domestic Product (GDP).

“Although COVID-19 will be with us for the long-term, there is light at the end of the tunnel. This year we can end the disruption and destruction the virus has left in its path, and gain back control over our lives,” she said.

“Controlling this pandemic must be a priority. But we understand no two countries have had the same pandemic experience, and each country must, therefore, chart its own way out of this emergency.”

The launch in Geneva attended by national and international organization leaders came at a time when Omicron cases have declined and popular protests mounted against continued pandemic restrictions. Covid-19 deaths have remained high in some countries.

WHO said in a press release that the campaign aims at meeting the ACT-Accelerator’s funding gap of $16 billion and $6.8 billion in-country delivery costs to take vital steps towards ending the pandemic as a global emergency in 2022.

The press release said the ACT-Accelerator is calling for “the support of higher income countries, at a time when vast global disparities in access to Covid-19 tools persist. Over 4.7 billion Covid-19 tests have been administered globally since the beginning of the pandemic. However, only about 22 million tests have been administered in low-income countries, comprising only 0.4 per cent of the global total. Only 10 per cent of people in low-income countries have received at least one vaccine dose. This massive inequity not only costs lives, it also hurts economies and risks the emergence of new, more dangerous variants that could rob current tools of their effectiveness and set even highly-vaccinated populations back many months.” 

“The rapid spread of Omicron makes it even more urgent to ensure tests, treatments and vaccines are distributed equitably globally,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus. “If higher-income countries pay their fair share of the ACT-Accelerator costs, the partnership can support low- and middle-income countries to overcome low COVID-19 vaccination levels, weak testing, and medicine shortages. Science gave us the tools to fight COVID-19; if they are shared globally in solidarity, we can end COVID-19 as a global health emergency this year.”


See important links:
ACT-Accelerator calls for fair share-based financing of US$ 23 billion to end pandemic as global emergency in 2022

·        Consolidated Financing Framework for ACT-A Agency & In-Country Needs: www.who.int/publications/m/item/consolidated-financing-framework-for-act-a-agency-in-country-needs

·        ACT-Accelerator ‘fair share asks’ – by country: www.who.int/publications/m/item/act-accelerator-fair-share-asks—by-country

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UPDATE: WHO calls for $23 billion to end pandemic in 2022; Africa on track to control Covid-19 Read More »

WHO seeks $23 billion to end pandemic as a global emergency in 2022

Geneva/New York, February 9 – The World Health Organization has launched a global campaign to raise $23 billion which it said would put an end to the pandemic as a global emergency in 2022. WHO said the launch amounts to a new financing framework based on the ‘fair share’ of financing that each high-income country should contribute to the ACT-Accelerator’s global response.

The Access to Covid-19 Tools (ACT) Accelerator (see ACT-Accelerator) is a partnership of leading UN agencies that is providing low and middle-income countries with tests, treatments, vaccines, and personal protective equipment. WHO said ‘fair shares’ are calculated based on the size of their national economy and what they would gain from a faster recovery of the global economy and trade. 

“The end of this pandemic can be within our sights – this year,” UN Secretary-General Antonio Guterres said of the launch. “We can get the economic recovery back on track and rescue the Sustainable Development Goals. But we need to act now.”

“Vaccines, tests and effective treatments are available. Yet many low and lower middle-income countries are still not getting these pandemic-ending tools to protect their families and communities – and our world. Until and unless we can ensure access to these tools, the pandemic will not go away, and the sense of insecurity of people will only deepen. We have the systems to accelerate the rollout of these essential tools.”

The launch in Geneva attended by national and international organization leaders came at a time when Omicron cases have declined and popular protests mounted against continued pandemic restrictions. Covid-19 deaths have remained high in some countries.

WHO said in a press release that the campaign aims at meeting the ACT-Accelerator’s funding gap of $16 billion and $6.8 billion in-country delivery costs to take vital steps towards ending the pandemic as a global emergency in 2022.

The press release said the ACT-Accelerator is calling for “the support of higher income countries, at a time when vast global disparities in access to Covid-19 tools persist. Over 4.7 billion Covid-19 tests have been administered globally since the beginning of the pandemic. However, only about 22 million tests have been administered in low-income countries, comprising only 0.4 per cent of the global total. Only 10 per cent of people in low-income countries have received at least one vaccine dose. This massive inequity not only costs lives, it also hurts economies and risks the emergence of new, more dangerous variants that could rob current tools of their effectiveness and set even highly-vaccinated populations back many months.” 

“The rapid spread of Omicron makes it even more urgent to ensure tests, treatments and vaccines are distributed equitably globally,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus. “If higher-income countries pay their fair share of the ACT-Accelerator costs, the partnership can support low- and middle-income countries to overcome low COVID-19 vaccination levels, weak testing, and medicine shortages. Science gave us the tools to fight COVID-19; if they are shared globally in solidarity, we can end COVID-19 as a global health emergency this year.”


See important links:


ACT-Accelerator calls for fair share-based financing of US$ 23 billion to end pandemic as global emergency in 2022

·        Consolidated Financing Framework for ACT-A Agency & In-Country Needs: www.who.int/publications/m/item/consolidated-financing-framework-for-act-a-agency-in-country-needs

·        ACT-Accelerator ‘fair share asks’ – by country: www.who.int/publications/m/item/act-accelerator-fair-share-asks—by-country

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Picasso’s Guernica tapestry returns to United Nations headquarters

New York, February 5 – Famed Spanish painter Pablo Picasso’s Guernica tapestry, which depicts war’s atrocities, was returned to the United Nations headquarters by the Rockefeller family and re-hung at its berth outside of the UN Security Council chamber where diplomats usually hold press stakeouts with international media.

The 25-foot iconic tapestry was re-installed with little notice by a crew of workers one year after it was removed. The Rockefeller family, which has been the steward of the tapestry, lend it to the UN three decades ago. Picasso painted the anti-war artwork during the Spanish Civil War in 1937.

“I am delighted and deeply grateful, along with my family, for the careful stewardship the Secretary-General and the broader United Nations team has provided for the Guernica tapestry,” Nelson A. Rockefeller, Jr., said in a statement. “The Guernica tapestry with its probing symbolism – its depiction of horrific aspects of human nature – wrestles with the cruelty, darkness, and also a seed of hope within humanity.The Guernica tapestry is meant to be experienced and interpreted, with Picasso refusing to share its message when asked. I am grateful that the tapestry will be able to continue to reach a broader segment of the world’s population and magnify its ability to touch lives and educate.”

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UN launches 2022 humanitarian campaign for Afghanistan as it is “hanging by a threat” under Taliban authorities

Kabul, Geneva, New York, January 26 – Afghanistan is “hanging by a threat” just six months after Taliban forces took over the country and it is facing another brutal winter with people burning possessions to keep warm and over half of the population of 39 million suffering extreme levels of hunger and over 80 per cent relying on contaminated drinking water, UN Secretary-General Antonio Guterres told the UN Security Council.

“For Afghans, daily life has become a frozen hell,” Guterres said. Other extreme conditions include clinics overcrowded and under resources;

Covid-19, deadly preventable diseases like measles, diarrhea and even polio and some families forced to sell their babies to purchase food.

“There is a danger that the currency could go into freefall, and the country could lose 30 per cent of its GDP within the year,” he said pointing out that liquidity has evaporated as sanctions and mistrust by the global banking system have frozen nearly $9 billion in central bank assets.

“As the economy spirals downward, human rights are also losing ground,” the UN leader said, citing the plight of women who lost their jobs and girls shut-out of their classrooms, and arbitrary arrests and abductions of women activists. “Meanwhile, terrorism remains a constant threat – not only to the security of Afghanistan itself, but to the entire world.”

Guterres urged the council to support recommendations and humanitarian programs that the UN team in Afghanistan was launching to assist  Afghanistan and to jump-start the country’s economy through increased liquidity.

While Guterres briefed the 15-nation Security Council at UN headquarters in New York, UN officials leading the humanitarian programs for Afghanistan launched the One-UN Transitional Engagement Framework (TEF) to assist Afghan people in 2022. They said TEF is the “overarching strategic planning document, ensuring the coordination of the UN team’s work to reduce the suffering of the people of Afghanistan by saving lives, sustaining essential services—such as health and education—and preserving essential community systems.”

“This UN system wide strategy will help ensure that Afghans can meet their basic human needs; acting on this now is more important than ever to avoid that an even wider proportion of the population requires lifesaving humanitarian assistance. It’s especially important now as millions are suffering with the harsh winter months, and we thank the international community for stepping up their vital support to the Afghan population,” said UN Resident and Humanitarian Coordinator for Afghanistan Dr. Ramiz Alakbarov.

The UN team said in a press release that the $8 billion required to implement this UN-wide framework include the $4.44 billion previously requested through the Humanitarian Response Plan, launched on 11 January, since all the activities in the TEF complement one another and are interdependent. While the HRP aims to deliver lifesaving assistance to 22.1 million people, through the TEF, the UN requires an additional $3.6 billion in immediate funding to sustain essential social services such as health and education; support community systems through maintenance of basic infrastructure; and maintain critical capacities for service delivery and promotion of livelihoods and social cohesion, with specific emphasis on socio-economic needs of women and girls.

“The United Nations are grateful to all donors for their continued generous support of relief and recovery efforts in Afghanistan, demonstrating the strong solidarity of the international community with the people of Afghanistan,” Dr. Alakbarov said, launching the TEF in Kabul with UN team representatives and members of the international community. “With the world coming together in aid of the resilient Afghans, adherence to the principles of equity, transparency and accountability inscribed in TEF will work towards restoring hope and dignity for all Afghans.”

The press release said the European Union recently announced 268 million Euros (US$302 million) to meet the basic human needs of the Afghans. Key contributions also include $308 million from the United States as well as continued generous support from the UK, Germany, Australia, Italy, Canada, Japan, Denmark, Sweden, Norway, Netherlands, Republic of Korea and other donors.

The Asian Development Bank (ADB) has approved $405 million in grants to support food security and sustain delivery of essential health and education services, while the World Bank (WB) and the Afghanistan Reconstruction Trust Fund (ARTF) donors approved first transfer of $280 million in support of delivery of essential services. Staying and delivering at the grassroots level across Afghanistan, the UN and partners will continue to engage in the sustained effort to meet humanitarian and basic human needs of Afghans, in compliance with UN Security Council Resolution 2615 adopted in December of 2021. 

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UPDATE: UN chief names five priorities for 2022; calls for actions to keep trust in institutions

By J. Tuyet Nguyen

New York, January 21 – Governments have failed to meet five major challenges under the pandemic, UN Secretary-General Antonio Guterres said in an address presenting his priorities for 2022 to a session of the 193-nation UN General Assembly. “All these challenges are, at heart, failures of global governance,” Guterres said. “I want to begin the year by raising five alarms – on Covid-19, global finance, climate action, lawlessness in cyber space, and peace and security. We face a 5-alarm global fire that requires the full mobilization of all countries.”

“Across all these challenges, the world needs a strong and effective United Nations to deliver results,” said Guterres, who started a new 5-year term as UN chief in January.

Guterres told a press conference that the challenges are not isolated. “Each of the alarms is feeding off the others. They are accelerants to an inferno.” He said failures to meet challenges in tackling the pandemic resulted in people’s deep mistrust in institutions.

“For an organization built in the aftermath of World War, in the wake of unprecedented genocide, we have an obligation to speak up and act to put out the fire.”

“We must go into emergency mode in the COVID-19 battle.”

Guterres called for actions that are grounded in science and common sense.

“Omicron is yet another warning. The next variant may be worse. Stopping the spread anywhere must be at the top of the agenda everywhere.

At the same time, the virus cannot be used as cover to undermine human rights, shrink civic space and stifle press freedom.”

“We need all countries and all manufacturers to prioritize vaccine supply to COVAX and create the conditions for the local production of tests, vaccines and treatments around the world. This includes pharmaceutical companies more rapidly sharing licenses, know-how and technology.

We must also fight the plague of vaccine misinformation.

And we must do much more to ready our world for the next outbreak in line with the recommendations of the independent panel on pandemic preparedness.”

Global financial system failed

One of the main functions of the global financial system was to ensure stability by supporting economies through financial shocks. But the pandemic is itself a shock and the system failed, Guterres said.

“The divergence between developed and developing countries is becoming systemic – a recipe for instability, crisis and forced migration.

These imbalances are not a bug, but a feature of the global financial system. They are inbuilt and structural.

They are the product of a system that routinely ascribes poor credit ratings to developing economies, starving them of private finance.

Credit ratings agencies are de facto decision-makers in the global financial system. They should be accountable and transparent.

Developing countries also suffer from a lack of transparency around Official Development Assistance, climate finance, and more.”

Guterres called for a serious review of the global financial governance mechanisms, which he said are dominated by the richest economies in the world. “Financial metrics must go beyond Gross Domestic Product, to assess vulnerability, climate, and investment risks.

Credit ratings should be based on comparable fundamentals and evidence, rather than harmful preconceptions. Reforming the global financial architecture requires an operational debt relief and restructuring framework.”

“We must go into emergency mode against the climate crisis”

“This year, we need an avalanche of action,” he said.

“All major-emitting developed and developing economies must do much more, much faster, to change the math and reduce the suffering – taking into account common but differentiated responsibilities. A growing number of countries have committed to significant emissions reductions by 2030.

“Others, including some big emitters, have an economic structure – namely high dependence on coal – that stands in the way.

They need resources and technology to accelerate the transition from coal to renewable energy.

That is why I am appealing for the creation of coalitions to provide financial and technical support for each of these countries that need assistance.

Developed countries, multilateral development banks, private financial institutions and companies with the necessary technical know-how – all need to join forces in these coalitions to deliver needed support at scale and with speed.

At the same time, every country must strengthen their Nationally Determined Contributions until they collectively deliver the 45 per cent emissions reduction needed by 2030.”

“We must go into emergency mode to put humanity at the center of technology

 “Technology shouldn’t use us. We should use technology,” he said, pointing out that global governance barely exists in this area.

“And if governed properly, the opportunities are extraordinary, especially if we can ensure safe and secure internet connectivity.

But growing digital chaos is benefiting the most destructive forces and denying opportunities to ordinary people.

In countries with low broadband connectivity, simply connecting schools to the internet can grow GDP by 20 per cent.

Realizing such benefits requires safely connecting the 2.9 billion people who remain off-line, mainly in developing countries.

Women still lag far behind men in terms of internet access.”

He proposes a Global Digital Compact as part of the Summit of the Future in 2023 and also a Global Code of Conduct to end the infodemic and the war on science, and promote integrity in public information, including online.

Such a compact should bring together governments, the private sector and civil society to agree on key principles underpinning global digital cooperation.

“We need to go into emergency mode to bring peace to a world that sees too little of it”

Guterres said the number of violent conflicts is currently the highest since 1945, military coups are back and impunity is taking hold.

“Nuclear weapons stockpiles now exceed 13,000 — the highest level in decades. Human rights and the rule of law are under assault.

Populism, nativism, white supremacy and other forms of racism and extremism are poisoning social cohesion and institutions everywhere.

The pushback on human rights – especially the rights of women and girls – continues.

We need a united Security Council, fully engaged in addressing them.

Geo-political divides must be managed to avoid chaos around the globe.

We need to maximize areas for cooperation while establishing robust mechanisms to avoid escalation.

And in all we do to secure peace, I am committed to ensuring that women are at the center of our conflict prevention, peacemaking and peacebuilding efforts.

We know that peace efforts are more successful and sustainable when women are a full part of decision-making and mediation and peace processes”

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Covid-19, global economy are top issues at Davos Agenda 2022

Geneva/New York, January 17 – World government and corporate leaders have begun addressing the week-long, virtual annual meeting of the Davos Agenda 2022 in Switzerland with the pandemic and how the disease has affected the global economy and widened the gap between rich and poor countries as top issues. Organizers of the prestigious conference said the Davos Agenda virtual event “offers the first global platform of 2022 for world leaders to come together to share their visions for the year ahead.”

“Everyone hopes that in 2022 the COVID-19 pandemic, and the crises that accompanied it, will finally begin to recede,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. “But major global challenges await us, from climate change to rebuilding trust and social cohesion. To address them, leaders will need to adopt new models, look long term, renew cooperation and act systemically. “

The event at the scenic Swiss Alps resort of Davos (January 17-21) features heads of state and government, corporate CEOs and civil society groups. It will also mark the launch of several Forum initiatives including efforts to accelerate the race to net-zero emissions, ensure the economic opportunity of nature-positive solutions, create cyber resilience, strengthen global value chains, build economies in fragile markets, organizers said.

UN leader blasts unequal vaccination as “shameful”

UN Secretary-General Antonio Guterres said in his address that the world has failed on one particular demand to assist poor and vulnerable countries obtain Covid-19 vaccines and help the World Health Organization’s program to vaccinate 40 per cent of people in all countries by the end of 2021 and 70 per cent by mid-2022.

“We are nowhere near these targets,” Guterres said. “Vaccination rates in high-income countries are — shamefully — seven times higher than in African countries. We need vaccine equity, now.”

“We need pharmaceutical companies to stand in solidarity with developing countries by sharing licenses, know-how and technology so we can all find a way out of this pandemic.        

“In situations where compensation may be warranted, developed countries should explore ways to provide it.

And we must prepare for the next pandemic through common sense investments in monitoring, early detection and rapid response plans in every country — and by strengthening the authority of the World Health Organization.”

Guterres asked participants to the Davos Agenda to act urgently on three issues: “confront the pandemic with equity and fairness;” reform the global financial system so it works for all countries; and “support real climate action in developing countries. Emissions must fall, but they continue to rise.”

“Coal-fired power generation is surging towards a new all-time record,” he said. “Even if all developed countries kept their promises to drastically reduce emissions by 2030 — and all developing countries achieved their Nationally Determined Contributions as written — global emissions would still be too high to keep the 1.5 degree goal within reach. We need a 45 per cent reduction in global emissions this decade”.

President Xi Jinping of China called for cooperation to jointly defeat the pandemic.

“The pandemic is proving a protracted one, resurging with more variants and spreading faster than before. It poses a serious threat to people’s safety and health, and exerts a profound impact on the global economy,” Xi said his government has locked down several cities to stop Omicron from spreading.

“Strong confidence and cooperation represent the only right way to defeat the pandemic. Holding each other back or shifting blame would only cause needless delay in response and distract us from the overall objective.”

Xi said China always delivered on its promises and has sent over 2 billion doses of vaccines to more than 120 countries and international organizations. He said China will provide another one billion doses to African countries, including 600 million doses as donation, and will also donate 150 million doses to ASEAN countries.

On the global economic situation, Xi said, “We should open up, not close off. We should seek integration, not decoupling. This is the way to build an open world economy. We should guide reforms of the global governance system with the principle of fairness and justice, and uphold the multilateral trading system with the World Trade Organization at its center. We should make generally acceptable and effective rules for artificial intelligence and digital economy on the basis of full consultation, and create an open, just and non-discriminatory environment for scientific and technological innovation. This is the way to make economic globalization more open, inclusive, balanced and beneficial for all, and to fully unleash the vitality of the world economy.”

Xi said the Beijing Olympic and Paralympic Winter Games will open soon. “We are confident that China will present a streamlined, safe and splendid Games to the world. The official motto for Beijing 2022 is ‘Together for a Shared Future’. Indeed, let us join hands with full confidence, and work together for a shared future.”

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UN warns global economic recovery is facing “significant headwinds”

New York, January 13 – The current global economic recovery is losing steam after recording a solid expansion of 5.5 per cent under the pandemic in 2021, the United Nations World Economic Situation and Prospects (WESP) 2022 said. The report projected global economic output to grow by only 4.0 per cent in 2022 and 3.5 per cent in 2023 as the world is subdued by rising Covid-19 infections, persisting labor market shortages, supply-chain challenges and inflationary pressures.

The report attributed global recovery in output in 2021 to robust consumer spending and some uptake in investment.

“Trade in goods bounced back, surpassing the pre-pandemic level. But growth momentum slowed considerably by the end of 2021 including in big economies like China, the European Union and the United States of America, as the effects of fiscal and monetary stimuli dissipated and major supply-chain disruptions emerged. Growth impetus generally has been weaker in most developing countries and economies in transition. While higher commodity prices have helped commodity-exporting countries at large, rising food and energy prices have triggered rapid inflation, particularly in the Commonwealth of Independent States (CIS) and Latin America and the Caribbean. Recovery has been especially slow in tourism-dependent economies, notably in the small island developing states.”

“In this fragile and uneven period of global recovery, the World Economic Situation and Prospects 2022 calls for better targeted and coordinated policy and financial measures at the national and international levels,” said UN Secretary-General Antonio Guterres. “The time is now to close the inequality gaps within and among countries. If we work in solidarity – as one human family – we can make 2022 a true year of recovery for people and economies alike.”

The report said employment levels are projected to remain well-below pre-pandemic levels in 2022 and 2023 and possibly beyond with labor forces in the United States and Europe remaining at historically low levels as people who lost jobs or left the labor market under the pandemic have not yet returned. It projected that employment growth in developing countries will remain weak because of lower vaccination progress and limited stimulus spending. Africa, Latin America and the Caribbean, and Western Asia are projected to see a slow recovery of jobs and job creation in many countries will remain insufficient to offset earlier employment losses.

The report said higher levels of economic inequality within and between countries are emerging as a “longer-term scar of Covid-19.”

“In the coming years, a full recovery of GDP per capita will remain elusive for many developing countries. Africa and Latin America and the Caribbean are projected to see gaps of 5.5 and 4.2 percentage points, respectively, compared to pre-pandemic projections. These persistent output gaps will exacerbate poverty and inequality and thwart progress on achieving sustainable development and tackling climate change. In contrast, the GDP per capita of the developed economies, relative to pre-pandemic projections, is expected to almost fully recover by 2023.”

The report said the pandemic’s adverse impacts on economic growth and employment have significantly undermined progress on global poverty reduction, dashing hopes of achieving the Sustainable Development Goal of ending extreme poverty.

It said the number of people living in extreme poverty globally is projected to decrease slightly to 876 million in 2022 but is expected to remain well above pre-pandemic levels. Poverty levels will continue to increase is the world’s most vulnerable economies whereas fast-developing economies in East Asia and South Asia and developed economies are expected to experience some poverty reduction.

“Insufficient fiscal space and the slow recovery of employment in general will undermine poverty reduction in many developing countries in the near term. This is particularly the case in Africa, where the absolute number of people in poverty is anticipated to rise through 2023,” the report said.

For more information, please visit: https://www.bit.ly/wespreport

The report is produced by the UN Department of Economic and Social Affairs (UN DESA), in partnership with the UN Conference on Trade and Development (UNCTAD) and the five UN regional commissions: Economic Commission for Africa (UNECA), Economic Commission for Europe (UNECE), Economic Commission for Latin America and the Caribbean (UNECLAC), Economic and Social Commission for Asia and the Pacific (UNESCAP) and Economic and Social Commission for Western Asia (UNESCWA). The UN World Tourism Organization (UNWTO) also contributed to the report.

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UN warns global economic recovery is facing “significant headwinds” Read More »

Climate Failure and Social Crisis Top Global Risks 2022, World Economic Forum says

-Top risks are climate crisis, growing social divides, heightened cyber risks and an uneven global recovery, as pandemic lingers on

-Global survey of experts finds only 1 in 6 are optimistic and only 1 in 10 believe the global recovery will accelerate

-To resolve these systemic issues, global leaders must adopt a coordinated multistakeholder response, even as room for cooperation narrows

-Read the Global Risks Report 2022 here and find out more about the Global Risks Initiative here. Join the conversation using #risks22  

(Following is a press release from the World Economic Forum)

Geneva, Switzerland, 11 January 2022 – Climate risks dominate global concerns as the world enters the third year of the pandemic. According to the Global Risks Report 2022, while the top long-term risks relate to climate, the top shorter-term global concerns include societal divides, livelihood crises and mental health deterioration.
 
Additionally, most experts believe a global economic recovery will be volatile and uneven over the next three years.
 
Now in its 17th edition, the report encourages leaders to think outside the quarterly reporting cycle and create policies that manage risks and shape the agenda for the coming years. It explores four areas of emerging risk: cybersecurity; competition in space; a disorderly climate transition; and migration pressures, each requiring global coordination for successful management.
 
“Health and economic disruptions are compounding social cleavages. This is creating tensions at a time when collaboration within societies and among the international community will be fundamental to ensure a more even and rapid global recovery. Global leaders must come together and adopt a coordinated multistakeholder approach to tackle unrelenting global challenges and build resilience ahead of the next crisis,” said Saadia Zahidi, Managing Director, World Economic Forum.
 
Carolina Klint, Risk Management Leader, Continental Europe, Marsh, said: “As companies recover from the pandemic, they are rightly sharpening their focus on organizational resilience and ESG credentials. With cyber threats now growing faster than our ability to eradicate them permanently, it is clear that neither resilience nor governance are possible without credible and sophisticated cyber risk management plans. Similarly, organizations need to start understanding their space risks, particularly the risk to satellites on which we have become increasingly reliant, given the rise in geopolitical ambitions and tensions.”
 
Peter Giger, Group Chief Risk Officer, Zurich Insurance Group, said: “The climate crisis remains the biggest long-term threat facing humanity. Failure to act on climate change could shrink global GDP by one-sixth and the commitments taken at COP26 are still not enough to achieve the 1.5 C goal. It is not too late for governments and businesses to act on the risks they face and to drive an innovative, determined and inclusive transition that protects economies and people.”
 
The report closes with reflections on year two of the COVID-19 pandemic, yielding fresh insights on national-level resilience. The chapter also draws on the World Economic Forum’s communities of risk experts – the Chief Risk Officers Community and Global Future Council on Frontier Risks – to offer practical advice for implementing resilience for organizations.
 
The Global Risks Report 2022 has been developed with the invaluable support of the World Economic Forum’s Global Risks Advisory Board. It also benefits from ongoing collaboration with its Strategic Partners, Marsh McLennan, SK Group and Zurich Insurance Group, and its academic advisers at the Oxford Martin School (University of Oxford), the National University of Singapore and the Wharton Risk Management and Decision Processes Center (University of Pennsylvania)



Notes to editors

How to contact the following Partner companies: Jason Groves, Global Director of Media Relations, Marsh, United Kingdom, +44 (0)20 7357 1455, jason.groves@marsh.com Pavel Osipyants, Head Media Relations EMEA, Risk Management, Investment Management, Zurich Insurance Group, Switzerland, +41 (0)787 242 188, pavel.osipyants@zurich.com Sam Ik Whang, Director, Media Relations Team, SK Group, South Korea, +82-2-2121-1636 samik.whang@sk.com About the Davos Agenda – the state of the world in 2022
The Global Risks Report 2022 comes ahead of the Davos Agenda, which will mobilize heads of state and government, business leaders, international organizations and civil society to share their outlook, insights and plans relating to the most urgent global issues. The meeting will provide a platform for connection, enabling the public to watch and interact through livestreamed sessions, social media polling and virtual connections.
 
Read more about the Global Risks Report 2022 and join the conversation using #risks22
Watch the report launch press conference here
Find out more about the Davos Agenda
Read the Forum Agenda also in French | Spanish | Mandarin | Japanese
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The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).

  Sam Werthmuller, Public Engagement, +41 79 267 80 17, swer@weforum.org      





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Climate Failure and Social Crisis Top Global Risks 2022, World Economic Forum says Read More »

UPDATE: New Asia-Pacific free trade agreement enters into force, creates “center of gravity” for global trade

New York, January 1 – A new Asia-Pacific free trade agreement that entered into force on the first day of 2022 will create the world’s largest trading bloc by economic size, the United Nations Conference on Trade and Development (UNCTAD) said.

The Regional Comprehensive Economic Partnership (RCEP), covering a third of the world economy, will eliminate 90 per cent of tariffs among 15 East Asian and Pacific countries and is expected to boost intraregional exports by $42 billion, the UN agency said in UNCTAD study published on  December 15.

The RCEP includes 15 East Asian and Pacific nations of different economic sizes and stages of development. They are Australia, Brunei Darussalam, Cambodia, China, Indonesia, Japan, the Republic of Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand and Viet Nam.

It will become the largest trade agreement in the world as measured by the GDP of its members – almost of one third of the world’s GDP.

By comparison, other major regional trade agreements by share of global GDP are the South American trade bloc Mercosur (2.4 per cent), Africa’s continental free trade area (2.9 per cent), the European Union (17.9 per cent ) and the United States-Mexico-Canada agreement (28 per cent).

Source: UNCTAD secretariat

UNCTAD’s analysis shows that the RCEP’s impact on international trade will be significant. “The economic size of the emerging bloc and its trade dynamism will make it a center of gravity for global trade,” the study said.

Amid COVID-19, the entry into force of the RCEP can also promote trade resilience. Recent UNCTAD research shows that trade within such agreements has been relatively more resilient against the pandemic-induced global trade downturn.

Eliminating 90 per cent of tariffs within bloc

The agreement encompasses several areas of cooperation, with tariff concessions a central principle. It will eliminate 90 per cent of tariffs within the bloc, and these concessions are key in understanding the initial impacts of the RCEP on trade, both inside and outside the bloc.

Under the RCEP framework, trade liberalization will be achieved through gradual tariff reductions. While many tariffs will be abolished immediately, others will be reduced gradually during a 20-year period.

The tariffs that remain in force will be mainly limited to specific products in strategic sectors, such as agriculture and the automotive industry, in which many of the RCEP members have opted out from trade liberalization commitments.

Boon for intraregional exports

Trade between the bloc’s 15 economies was already worth about $2.3 trillion in 2019, and UNCTAD’s analysis shows the agreement’s tariff concessions could further boost exports within the newly formed alliance by nearly 2 per cent, or approximately $42 billion.

This would result from trade creation – as lower tariffs would stimulate trade between members by nearly $17 billion – and trade diversion – as lower tariffs within the RCEP would redirect trade valued at nearly $25 billion away from non-members to members.

Uneven benefits among members

The report highlights that the RCEP members are expected to benefit to varying extents from the agreement.

Tariff concessions are expected to produce higher trade effects for the largest economies of the bloc, not because of negotiations asymmetries, but largely due to the already low tariffs between many of the other RCEP members.

UNCTAD’s analysis shows Japan would benefit the most from RCEP tariff concessions, largely because of trade diversion effects. The country’s exports are expected to rise by about $20 billion, an increase equivalent to about 5.5 per cent relative to its exports to RCEP members in 2019.

The report also finds substantial positive effects for the exports of most other economies, including Australia, China, the Republic of Korea and New Zealand. On the other hand, calculations show RCEP tariff concessions may end up lowering exports for Cambodia, Indonesia, the Philippines and Viet Nam.

This would stem primarily from the negative trade diversion effects, the report says, as some exports of these economies are expected to be diverted to the advantage of other RCEP members because of differences in the magnitude of tariff concessions.

For example, some of the imports of China from Viet Nam will be replaced by imports from Japan because of the stronger tariff liberalization between China and Japan.

But it’s better to be in than out

The report notes, however, that the overall negative effects for some of the RCEP members don’t imply that they would have been better off by remaining outside of the RCEP agreement. Trade diversion effects would have accrued nonetheless.

“Even without considering the other benefits of the RCEP agreement besides tariff concessions, the trade creation effects associated with participation in RCEP softens the negative trade diversion effects,” the report states.

It cites Thailand’s example, where trade creation effects completely compensate for the negative trade diversion effects.

Overall, the report finds that the entire region will benefit from RCEP’s tariff concessions, with most of these gains resulting from trade diverted away from non-members.

“As the process of integration of RCEP members goes further, these diversion effects could be magnified, a factor that should not be underestimated by non-RCEP members,” the report says.

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