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Headlines For Tuesday, May 6, 2008

World Bank Hires Anti-Fraud Chief

“The head of South Africa's Scorpions crime-fighting unit, Leonard McCarthy, was appointed Monday to lead the World Bank's anticorruption department…

Robert Zoellick, President of the World Bank, said in a statement that President Thabo Mbeki of South Africa had agreed to release Mr. McCarthy from service to take up the position of Vice President of the Bank's Department of Institutional Integrity on June 30. …” [The New York Times and Reuters/Factiva]

WSJ notes that “…McCarthy is among the most prominent government investigators in developing nations …” [The Wall Street Journal/Factiva]

Reuters adds that “…McCarthy has held numerous positions in government, including investigating director in the Office for Serious Economic Offenses, deputy attorney general of the Cape Province and senior public prosecutor. He was appointed as a director of public prosecutions by former President Nelson Mandela. …” [Reuters/Factiva]

“This post is critical for our work, reputation, and fiduciary duty,’ said Robert Zoellick, president of the World Bank. ‘I am confident that he will bring effective leadership to our highest obligation to protect the Bank's assets and hold people, businesses, and governments responsible if they steal from the poor.” [The Financial Times (UK)]

Sudan Seeks $6 Billion At Oslo Donors' Meeting

“Sudan will ask donor nations meeting this week for $6 billion over the next three years to help rebuild Africa's largest nation after decades of civil wars…The Sudan consortium, which began meeting on Monday, has met yearly since a 2005 north-south peace deal ended Africa's longest civil war. It is the stage for richer nations to show their support for maintaining peace in Sudan by pledging development funds. …

A report to the consortium, put together by the Khartoum government in conjunction with south Sudan's administration, said Sudan needed $6.1 billion for development over the next three years - on top of $2 billion in humanitarian aid. …” [Reuters/Factiva]

In a separate piece, Reuters reports that “… ‘The Norwegian government has decided to allocate 2.5 billion crowns ($487.3 million) over the next four years which I think is substantial,’ Deputy Foreign Minister Raymond Johansen told Reuters at a three-day donor conference hosted by Norway. … ‘I also hope this will encourage other states both to follow up on their previous obligations and come up with new pledges,’ Johansen said. …” [Reuters/Factiva]

AP notes that “…The Oslo meeting is aimed at agreeing pledges for 2009-2011. Norwegian Foreign Ministry spokeswoman Wera Helstroem said most delegations had been authorized by their countries to announce pledges. …” [The Associated Press/Factiva]

AFP writes that “…The three-day meeting, gathering representatives from 30 countries and the World Bank, will seek to determining what progress has been made since the signing of the Comprehensive Peace Agreement (CPA) between Sudan's government and the Sudan People's Liberation Movement (SPLM) in January, 2005. …” [Agence France Presse/Factiva]

British PM, UN Seek Big Business To Tackle World Poverty

“Global businesses need to do more to help alleviate poverty in the developing world, Britain's Prime Minister Gordon Brown said Tuesday as he prepared to host a major conference on the issue.

‘This year must be a year of action if we are to tackle the development emergency we face,’ he said in a statement released before meeting the heads of more than 80 multi-nationals as well as the leaders of Ghana and Rwanda in London. …” [Agence France Presse/Factiva]

Reuters notes that “…The ‘Business Call to Action’ will bring together more than 80 chief executives of multinationals, and several - including Coca-Cola, Diageo, Microsoft, Sumitomo Chemical, Thomson Reuters and Vodafone - will present anti-poverty programs they have already undertaken.

‘Over the next five years, the initiatives are expected to save almost half a million lives, create thousands of jobs, and benefit millions of poor people across Africa and Asia,’ the UK Department for International Development said in a statement. …

The meeting, co-hosted by the head of the UN Development Program, Kemal Dervis, is part of a push to meet the Millennium Development Goals…Dervis said the private sector was ‘one of the greatest untapped resources’ in the fight against poverty. …” [Reuters/Factiva]

The Guardian reports that “Aid agencies are demanding that the multinational companies meeting Gordon Brown in London today to discuss the implementation of the millennium development goals must pay their proper share of tax, respect the environment and pay better wages to poor workers. …

Action Aid said the UN estimated that meeting the MDGs by 2015 will require $189 billion annually in aid, so ‘measures to stop the hemorrhaging of vitally needed public funds through legal tax avoidance schemes are critical’….” [The Guardian (UK)/Factiva]

UN Chief Moving 'At Full Speed' To Get Task Force. World Leaders To Tackle Global Food Crisis

“Secretary-General Ban Ki-moon said Monday he is moving ‘at full speed’ to get a top-level UN task force and world leaders to tackle the world food crisis.

Ban said he would hold a first meeting of the task force next Monday and would be sending invitations to all world leaders in the next two days to join him at a summit in Rome from June 3-5 organized by the UN Food and Agriculture Organization (FAO) ‘to work out a strategy to address and overcome this crisis.’…

While there have been ‘promising steps’ in recent days to deal with emergency needs, he said the entire UN system needs to lead and act together ‘to boost agricultural development, particularly in Africa and other regions most affected.’ The secretary-general said he has called on government leaders not to adopt measures that distort trade and push up prices. He also called for immediate action to get seeds and fertilizer to small farmers. …” [The Associated Press/Factiva]

Xinhua notes that Ban said that “… ‘If not properly handled, this crisis could cascade into multiple crises affecting trade, development and even social and political security around the world,’ …He said the task force will study the root causes of the crisis and propose solutions to be executed decisively through coordinated global action at the upcoming food summit in Rome early in June. …” [Xinhua/Factiva]

In an opinion piece published in Monday’s Washington Times, Ban writes that “…We can deal with this crisis. We have the resources. We know what to do. We should consider this not only a problem but an opportunity. It is a huge chance to address the root problems of many of the world's poorest people, 70 percent of whom live as small farmers. If we help them - if we offer aid and the right mix of sound local and international policies - the solution will come.

Traveling though West Africa, I found good reason for optimism. In Burkina Faso, I saw a government working to import drought- resistant seeds and better manage scarce water supplies, helped by nations like Brazil. In Ivory Coast, we saw a women's cooperative running a chicken farm set up with UN funds. The project generated income - and food - for villagers in ways that can easily be replicated. Elsewhere, I saw yet another women's group slowly expanding their local agricultural production with UN World Food Program (WFP) help. Soon they will replace WFP rice with their own home- grown produce, sufficient to cover the needs of their school feeding program.

These are home-grown, grass-roots solutions for grass-roots problems - precisely the kind of solutions that Africa needs. The only thing required is that we help. We can begin by taking the hard steps to deal decisively with the crisis in food.” [The Washington Times/Factiva]

ADB Study Says Higher Farm Productivity Key For Food Security

“Developing Asia needs to improve farm productivity in the long run to ensure food security, the Asian Development Bank (ADB) said in a study on Monday. …The study said in addition to providing immediate relief to shield the poor and vulnerable, those countries should in the short term also ensure inputs and credit are available to spur a strong supply response over the coming crop cycles.

‘In the long-run the notion of food security should move beyond a relatively static focus on food availability to higher productivity,’ the ADB study, titled Food Prices and Inflation in Developing Asia: Is Poverty Reduction coming to an End? concluded. …

The report, prepared by ADB's Economics and Research Department, emphasized that farmers will need to make the right choices and be provided access to new seeds, modern technology, credit and infrastructural facilities. …It urged governments to reevaluate their investment priorities and take steps to boost agricultural productivity to mitigate any longer-term rise in food prices. …” [Xinhua/Factiva]

AFP notes that “… ‘As a majority of the poor in developing Asia live in rural areas and depend on agriculture, higher agricultural growth will raise farm output, reduce prices and raise incomes of poorer farm households,’ the ADB's Chief Economist Ifzal Ali said in the report. …” [Agence France Presse/Factiva]

10 Million Children Worldwide Die From Lack Of Health Care

“More than 200 million children worldwide under age 5 do not get basic health care, leading to nearly 10 million deaths annually from treatable ailments like diarrhea and pneumonia, a US-based charity said Wednesday.

Nearly all of the deaths occur in the developing world, with poor children facing twice the risk of dying compared to richer children, according to Save the Children's global report. …Eight out of 10 bottom-ranked countries are in sub-Saharan Africa, where four out of five mothers are likely to lose a child in their lifetime, Save the Children said. …Laos, Yemen, Chad, Somalia and Ethiopia were found doing the worst among developing countries, the report said. …

An alarming number of countries are failing to provide the most basic health services that would save lives, with 30 percent of children in developing countries not getting basic health intervention such as prenatal care, skilled assistance during birth, immunizations and treatment for diarrhea and pneumonia. …” [The Associated Press/Factiva]

Reuters adds that “The Philippines and Peru are doing the best job of vaccinating children and treating them for critical diseases compared to other developing nations, Save the Children reported on Tuesday. …

The rankings were based on data that included immunization against childhood diseases such as malaria and tetanus, access to treatment for leading childhood killers such as diarrhea and pneumonia, prenatal care and other factors. …

In the Philippines, 31 percent of children under 5 are missing out on such basic health care, the smallest proportion of any country in the report. Peru was next at 32 percent, then South Africa (34 percent) and Indonesia (35 percent). …” [Reuters/Factiva]

Also in this Edition; Briefly Noted… The cyclone and storm surge that tore through Myanmar's Irrawaddy delta killed at least 15,000 people and left 30,000 missing, officials said on Tuesday, warning the toll could rise in low-lying, remote villages. [Reuters/Factiva]

The area worst affected by the cyclone that struck Myanmar on Saturday is a vast and populous delta crisscrossed by canals and inlets, qualities that are likely to make the damage extensive and delivering aid extraordinarily difficult. [The New York Times]

World Bank President Robert Zoellick begins a three-day trip to Mexico and Colombia as part of his first visit to Latin America since he took the reins of the multilateral agency last July. Zoellick will begin his official trip in Mexico with a visit to the state of Morelos, south of the capital, where he will meet with beneficiaries of the Oportunidades program, which conditions the delivery of aid based upon certain criteria such as child school attendance in beneficiary families. [Agencia EFE/Factiva]

Africarisks losing gains from its two-decade-long struggle to trim poverty and expand economic reforms unless governments look for long-term solutions to food-price shock, African Development Bank President, Donald Kaberuka, told Reuters in a telephone interview on Monday. [Reuters/Factiva]

Tanzaniawill host in early June a summit meeting with African political and business leaders to promote ties organizers hope could help lift the world's poorest continent. Former US ambassador to the UN and mayor of Atlanta Andrew Young who is co-chairman of the summit, said it will focus on topics ranging from climate change and energy needs to jobs for young people, improving health care and coping with rising food prices. [The Associated Press/Factiva]

Zimbabwe's Central Bank has introduced a new high-denomination bank note of a quarter of a billion dollars, state television said Monday. [Agence France Presse/Factiva]

Investors have started to pour money in Peru's real estate market, lured by a shortage of buildings and a red-hot economy. Unlike some markets elsewhere, Peru's residential, commercial and industrial real estate prices are climbing. [Dow Jones/Factiva]

The Philippines is preparing an ambitious plan to guarantee the supply of cheap, subsidized rice to Manila slum dwellers as the government seeks to restore calm among extremely poor households that are cutting back on food amid soaring prices for rice and other items. [The Financial Times (UK)]

China will pledge to actively join a post-Kyoto Protocol deal on tackling global warming, in a planned joint statement with Japan during President Hu Jintao's visit starting Tuesday, officials said. [Agence France Presse/Factiva]

Grameen, the pioneering micro lending institution, has seen a sharp rise in problems for millions of poor borrowers across the developing world in repaying loans as food prices soar, according to Muhammad Yunus, its founder and Nobel Peace Prize winner. [The Financial Times (UK)]

India is considering a blanket ban on trading in food futures, highlighting growing concerns in Asia over the role of hedge funds and financial market traders in the recent surge in commodities prices. [The Financial Times (UK)]

Pakistan needs around $100 billion for meeting infrastructure-related challenges, said Ijaz Ahmed Khan, CEO of Infrastructure Project Development Facility (IPDF), an agency working under Finance Ministry to look for public-private partnership in infrastructure development. [Business Recorder (Pakistan)/Factiva]

Food price inflation may be one of the most serious problems facing the world, but one that monetary policy has little power to tackle, central bankers said on Monday. With the price of food rising by more than 40 percent a year, the issue is high on the agenda at meetings of the Bank for International Settlements in Basel which began on Sunday. [Reuters/Factiva]

Biotechnology companies, who argue they could help solve the global food crisis, are hoping for a boost tomorrow as regulators attempt to overcome the deadlock over growing genetically modified food in the EU. [The Financial Times (UK)]

The US and EU should reconsider a shift to biofuels that has helped increase food prices worldwide by turning agricultural land over to energy crops, UN special advisor Jeffrey Sachs said Monday. Targets to produce more fuels that release less carbon dioxide when burned do not make sense now in a global food scarcity condition, he told reporters before he spoke to EU lawmakers at the European Parliament. [The Associated Press/Factiva]

Global warming could pose a greater risk to tropical insects and other species sensitive to the slightest shifts in temperature than to creatures living in the world's tundra, US scientists warned Monday. While cold weather animals are used to huge temperature changes, tropical species live under a much smaller temperature range and face a bigger risk of extinction with an increase of just two or four degrees Celsius, according to a team led by University of Washington scientists. [Agence France Presse/Factiva

 




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