International
World needs Global Economic Integration, IMF Says
World needs Global Economic Integration, IMF Says
By: Michael Mike
The International Monetary Fund (IMF) has said that more than ever before the world needs global economic integration to especially ward off the threats on global economy in the last two years as a result of COVID-19 pandemic and the ongoing Ukraine crisis.
The Managing Director of IMF, Ms. Kristalina Georgieva in her remark to the China International Import Expo (CIIE) at the weekend lamented that for over two and a half years the world has faced challenges in the global supply chain due to COVID-19 and the Ukraine crisis, insisting that the world has witnessed economic downturn.
She said due to the crises, “We have witnessed acute food insecurities, inflation. Poverty in many places is on the rise, around the world. We have seen
even big economies become relatively poorer.”
She proffered that: “Integration, not fragmentation, is key to the world’s economic success. We must promote trade openness and China is leading by example in this sense.”
She advised that reforms by China should be emulated, while decrying that: “Today, trade restriction and distortion, and subsidence is on the rise,” lamenting that: “Rather than be a source of growth, trade policies have become a source of fragmentation.”
She also asked governments to bring their disputes for resolution, stressing that: “We need much stronger international cooperation, not less of it.”
On her part, the Director General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala noted that China contributes 15 per cent of world’s total exports and she is the second largest importer of goods and services, while the third largest service exporter.
Okonjo-Iweala in her goodwill message to the Expo, said: “Trade must be part of the solution to solve inflation, climate change,
global economic slow, etc.”
She disclosed that reforming and revitalization of WTO is about equipping it to be able to find challenges to problems and be able to drive the solutions.
Okonjo-Iweala claimed that the future of trade is in digital solutions and services, going green and green services, and in inclusivity.
She explained that the future of trade means bringing continents together like Africa, Latin America, among others
She revealed that WTO will work with China for stronger, more responsive partnership with common objectives of making the world a better place.
In his opening speech at fifth China International Import Expo (CIIE), the Chinese President, Xi Jinping said the CIIE has become a showcase of China’s new development paradigm, a platform for high-standard opening-up, and a public good for the whole world.
He said: “Openness is a key driving force behind the progress of human civilizations and an intrinsic path toward global prosperity and development. The world today is confronted with accelerated changes unseen in a century as well as a sluggish economic recovery. We should commit ourselves to openness to meet development challenges, foster synergy for cooperation, build the momentum of innovation, and deliver benefits to all. We should steadily advance economic globalization, enhance every country’s dynamism of growth, and provide all nations with greater and fairer access to the fruits of development.”
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He promised that: “China will work with all countries and all parties to share the opportunities in its vast market. We will step up efforts to cultivate a robust domestic market, upgrade trade in goods, develop new mechanisms for trade in services, and import more quality products. We will establish pilot zones for Silk Road e-commerce cooperation and build national demonstration zones for innovative development of trade in services, so as to encourage innovation in trade and promote high-quality Belt and Road cooperation.”
He added that: “China will work with all countries and all parties to share the opportunities from its institutional opening-up. We will steadily expand institutional opening-up with regard to rules, regulations, management and standards, put into full effect the new Catalogue of Encouraged Industries for Foreign Investment, and further develop the national integrated demonstration zone for greater openness in the service sector. We will implement the strategy to upgrade pilot free trade areas, accelerate the Hainan Free Trade Port development, and tap into their role as pilot platforms for comprehensive reform and opening-up.”
He further assured that: “China will work with all countries and all parties to share the opportunities from deepened international cooperation. We will engage fully and deeply in WTO reform negotiations, promote trade and investment liberalization and facilitation, and enhance international macro-economic policy coordination, with a view to jointly fostering new drivers for global growth. We will endeavor actively to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA) to expand the globally-oriented network of high-standard free trade areas. We will firmly support other developing countries and assist them in growing faster, and promote the building of a community with a shared future for mankind.”
Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy
By: Michael Mike
Ambassador of Palestine to Nigeria, Abdullah Shawesh has drawn global attention to emerging humanitarian crisis in war torn Gaza, stating that around 155,000 pregnant women and new mothers are struggling to survive.
He said: “They are suffering from hunger and the diseases that stalk it, amid life-threatening shortages of food, water and medical care …. Only three maternity hospitals remain in the Gaza Strip, and they are overwhelmed with patients.
“Doctors and midwives … are struggling to provide adequate care to newborns.”
Addressing a press conference at the weekend on the situation in Gaza, Shawesh lamented that mass graves continued to be discovered on Gaza Strip, with the war currently leaving an estimated 37 million tons of debris and unexploded ordnance.
He decried that as it stands, the war is projected could take 14 years to clear the unexploded ordnance and rubble.
Shawesh said: “As of May 1, the number of Palestinian martyrs has reached 34,535, with 77,704 wounded, in addition to thousands of others who are still missing under the rubble or subjected to enforced disappearance in Israeli occupation detention centers.”
He alleged that “Palestinian detainees are subjected to harsh measures, receiving minimal sustenance such as a single slice of bread and a small amount of food to merely sustain their lives and prevent death, resulting in substantial weight loss and serious health consequences.”
“Around 155,000 pregnant women and new mothers are struggling to survive. They are suffering from hunger and the diseases that stalk it, amid life-threatening shortages of food, water and medical care …. Only three maternity hospitals remain in the Gaza Strip, and they are overwhelmed with patients.
He noted that: “The Palestinian Minister of Transport, Tariq Zourub, declared that the losses of the transportation sector in the Gaza Strip exceeded 3 billion dollars. The occupation destroyed about 945 km of roads and 55,000 vehicles, which is equivalent to 65% of the road network and 60% of the vehicles licensed in the strip.
Day after day, Israeli crimes in Gaza are revealed, and every day we witness a new chapter of genocidal crimes.”
He added that: “Recently, many mass graves were discovered in the Al-Shifa Medical Complex and the Nasser Medical Complex in the Gaza Strip, which contain hundreds of dead bodies.”
Gaza: 155,000 Pregnant Women Struggling to Survive- Says Palestine Envoy
Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide
By: Michael Mike
Rwanda has warned of the dangers of allowing hatred and disunity to fester, insisting that this could lead to genocide like it witnessed over 30 years ago where a million people were killed in the spate of 100 days.
The Rwandan High Commissioner to Nigeria, Christophe Bazivamo, stated this at the 30th commemoration of the 1994 Genocide against the Tutsi in Abuja.
The commemoration is observed under the multi-year theme, “Remember – Unite – Renew”.
Bazivamo stated that the path to lasting peace demands constant vigilance, adding that “As we renew, we restate our unbreakable pledge to fight intolerance, discrimination, ethnic hatred, hate speeches, genocide revisionism, and denial in all their forms.
“Unfortunately, this is happening today just beyond Rwanda’s borders in the Great Lakes region. We should never allow the embers of hatred to reignite.”
The High Commissioner further said: stated: “On this Kwibuka 30, together, we can ensure that the memory of the victims becomes a powerful force for good, inspiring future generations to choose peace over hate, unity over division, and hope over despair.
“This can be achieved in different ways including putting course lessons about the 1994 Genocide against the Tutsi in schools and the establishment of memory symbols in remembrance of the 1994 Genocide against the Tutsi to educate the young and the next generation on the need to fight hate ideologies and stand against any form of discrimination and divisionism. Let us work together to build a world where such atrocities never happen again.”
In his remarks, the Minister of Foreign Affairs, Yusuf Tuggar conveyed the condolences of the Nigerian government to the survivors of the genocide.
Tuggar represented by a former ambassador to Sudan, Safiu Olaniyan said: “Genocide should not be allowed to raise its head ever again.”
The Secretary General, United Nations, Antonio Guterres urged the world to stand as one against all forms of hatred and discrimination.
Guterres whose speech was read at the occasion by the UN Resident Coordinator in Nigeria, Mohamed Malick Fall noted that: “To those who would seek to divide us, we must deliver a clear, unequivocal and urgent message: never again.
“We can draw a straight line between the senseless slaughter of one million Tutsi — as well as some Hutu and others who opposed the genocide — and the decades of hate speech that preceded it, enflamed by ethnic tensions and the long shadow of colonialism.
“Today, around the world, the darkest impulses of humanity are being awakened once more by the voices of extremism, division and hate.
“On this solemn day of remembrance, let’s pledge to stand as one against all forms of hatred and discrimination.
In his remarks, a retired Nigerian Navy admiral, Samuel Alade who witnessed the genocide while in Rwanda said, “I commend the tenacity of purpose and the commitment of the Rwandans to make their nation an example of relevance.”
Rwanda Warns that Allowing Hatred, Disunity to Fester Could Lead to Genocide
Earthquake: Emergency agency warns about aftershocks in New York
New York State Emergency Management has warned that residents might experience aftershocks of the 4.8 magnitude earthquake, which occurred in the city and New Jersey on Friday.
The North American correspondent of the News Agency of Nigeria (NAN) reports that the earthquake, which occurred at 10:23a.m. local time ,eight miles northwest of Bridgewater, New Jersey ,affected some areas in New York.
It rattled skyscrapers and buildings across Manhattan, Brooklyn and Queens.
The emergency agency, in a safety alert issued , urged the public to call 911 if they were experiencing an emergency.
“ An earthquake occurred in New Jersey. The earthquake has been felt throughout New York State. Aftershocks may occur. Call 9-1-1 only if you or others are injured or have an emergency’’
An earthquake with a magnitude of 4.8 is generally considered moderate, though it appears to be among the biggest earthquakes to ever affect New York City.
In addition to New York and New Jersey, the quake was felt in parts of Connecticut, Rhode Island and Massachusetts .
New York governor Kathy Hochul said that the impact of the earthquake was being assessed.
“My team is assessing impacts and any damage that may have occurred, and we will update the public throughout the day.” she wrote on X .
Earthquake: Emergency agency warns about aftershocks in New York
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