Showing posts with label vanuatu. Show all posts
Showing posts with label vanuatu. Show all posts

Friday, April 17, 2015

At IMF, Inner City Press Asks of Little Aid to Vanuatu, Flaw Like at World Bank, Amid Refugee Flows Like Yemen


By Matthew Russell Lee
UNITED NATIONS / DC, April 17 -- At the International Monetary Fund's annual meeting's Asia and Pacific press conference on April 17, Inner City Press asked, "on Vanuatu, it's said that even after Cyclone Pam the country is not eligible for the IMF's Catastrophe Containment and Relief Trust. Is that true, and what could be done given that only two small-island states are eligible, despite high debts and storm risks?"
 The IMF's Hoe Ee Khor replied that "We have a mission in Vanuatu right now. We are in the process of trying to draw up the program. The amount we have access to is 22 million SDR. It's small relative to the size of the damages.” Video here.
  He said the IMF is working on the “macro economic framework” which may trigger more financing from Australia, New Zealand and other IFIs like the ADB and World Bank.
     There is a similar problem at the World Bank, with countries like Lebanon and Jordan and some in West Africa not eligible for financing needed to deal with refugees. And now more refugees are being created, for example from Yemen.
Back on March 26 amid the ongoing airstrikes in Yemen, Inner City Press asked the IMF again about the status of its program in the country. 
   IMF Deputy Spokesperson William Murray said that the first review is postponed until things clarify.  And now?
   

    

Thursday, August 28, 2014

On Climate Refugees, Vanuatu Tells Inner City Press It's Sensitive, No UNDP View, More Debt in Caribbean Than Pacific; Of UNDP Layoffs


By Matthew Russell Lee
UNITED NATIONS, August 28 -- The UN says it is doing its all for Small Island Developing States, that Secretary General Ban Ki-moon will convene a meeting of the UN's Chief Executives Board on Samoa in early September. 
  But will climate change refugees be on the agenda? Apparently not.
 On August 28, Inner City Press asked the Permanent Representative of Vanuatu, as well as his co-panelist from the UN Development Program, for their positions on environmental refugees.  UNDP apparently has no position; Vanuatu's Odo Tevi called it sensitive and said there is no solution in sight.
  Inner City Press is informed the concept is not in the outcome document for the Samoa meeting. At this Third International Conference on SIDS there, one of the topics is “debt sustainability.” But what is the UN system doing about that?
    On this, UNDP's Deputy Director for the Bureau for Asia and the Pacific, Nicholas Rosellini, said debt is a bigger problem in the Caribbean than in the Pacific. Vanuatu's Odo Tevi said that given "new models" coming up, it would be good to be cautious. We don't hear enough from Vanuatu, so Odo Tevi's comments were appreciated.
  Because UNDP has declined to directly answer questions about the layoffs planned under Administrator Helen Clark, despite extensive complaints from staff unions, to endeavor to understand the specifics of the cuts Inner City Press asked Rosellini how UNDP's research would be impacted.
  Rosellini said UNDP has three centers in the Pacific, and cited one in Suva which will continue as-is. The same was previously said about UNDP's Human Development Report arm. So where are the cuts?
  Recently UNDP refused to answer simple Inner City Press questions about irregularities in programs it adminsters in Afghanistan, then only answered after two weeks, following Inner City Press questions at a half dozen UN noon briefings. With this type of stonewalling, with no end in sight, the questions must continue.
 By contrast, even the International Monetary Fund answers questions -- for example, Inner City Press' question on ebola on August 28, here. The IMF is sending Min Zhu to Samoa: we'll have more on this.
 On Gaza, Inner City Press on July 24 asked the International Monetary Fund for its estimate of the economic impact of the conflict in both Gaza and Israel, including specifically with the FAA and now Delta and other airlines' decisions on access to Ben Gurion Airport.
  IMF Deputy Spokesperson William Murray read out Inner City Press' Gaza question (and others from Inner City Press on Ukraine and Liberia) at the IMF's embargoed briefing on July 24. On Gaza, the IMF's Murray answered Inner City Press:
With the conflict ongoing, it is too soon to make an accurate assessment of the impact, which will depend on the conflict's duration. Post-conflict reconstruction poses risk to Palestinian Authority finances absent additional donor financing. The Palestinian Authority does not have fiscal room to take on this additional burden.”
  On Israel, after noting that he saw news of renewed access to Ben Gurion Airport, Murray answered Inner City Press:
As for Israel, Israel financial market have remained stable, with shekel steadily appreciating, the Tel Aviv 100 has been little changed in past two weeks. The cost of the conflict of past two weeks, point two percent of GDP... The impact on economic activity, tourism and SMEs in southern Israel has already been felt. A further deceleration of GDP growth could be likely in 3d quarter. Once conflict ends we expect growth in Israel to rebound relative quickly.”
A tale of two economies, you might call it.  Watch this site.