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WHO appoints 21 leading scientists to Science Council to help shape future health breakthroughs

GENEVA, Switzerland – The World Health Organization (WHO) has renewed its Science Council with new members as part of its regular process for renewing the advisory body’s membership. The renewed Council brings together 21 leading scientists and experts from across disciplines, regions and generations, including specialists in public health, epidemiology, biomedical research, health systems, ageing, engineering, precision medicine and emerging technologies. The Council includes representation from all WHO regions, as well as two youth members.

“The pace of scientific discovery is accelerating at an extraordinary rate, from artificial intelligence and biotechnology to advances such as gene editing, synthetic biology and robotics, to new approaches for disease prevention, diagnosis and care,” said Dr Tedros Adhanom Ghebreyesus, WHO director-general, World Health Organization. “WHO is strengthening its ability to look ahead, identify transformative developments, and ensure that the benefits of scientific progress are translated into better health for people everywhere.”

The WHO Science Council will continue to serve as WHO’s principal external advisory body on high-priority scientific issues, emerging technologies and breakthrough innovations with the potential to transform health outcomes worldwide. By providing strategic, independent scientific advice and anticipating high-impact scientific advances, the Council will support WHO in identifying emerging health trends, risks and opportunities. The Council aims to help ensure that the Organization remains at the forefront of scientific advances with implications for global health in the decades ahead.

The membership reflects WHO’s commitment to scientific excellence, geographic diversity, gender balance and youth inclusion. The Council’s two youth representatives, identified through the WHO Youth Council, will bring youth perspectives to the discussions on scientific developments that will help shape the future of global health.

WHO established the Science Division and the Science Council as part of its Transformation initiative to strengthen its capacity to provide timely, independent and evidence-based advice to Member States in response to the unprecedented pace of scientific progress. Together, these mechanisms help ensure that WHO remains at the forefront of scientific developments and can translate emerging knowledge into public health policy and action.

Venezuela opposition lawmaker Ecarri proposes dollarisation plan

  • Multiple economists have criticised the plan for limiting the country’s policy options and increasing dependence on the US.

By Jessica Dos Santos

CARACAS, (venezuelanalysis.com) – Venezuelan opposition lawmaker Antonio Ecarri has proposed dollarizing Venezuela’s economy and abolishing the bolívar, the country’s official currency, as a way to “stop devaluation” and “protect citizens’ purchasing power.”

Ecarri, a National Assembly Deputy from Alianza del Lápiz, has hired US economist Steve Hanke as an advisor for his plan to change the national currency.

“We are working on a serious dollarisation proposal to put the brakes on the infernal devaluation that is destroying people’s wages. Enough of bureaucracy financing public spending by confiscating the private property and labor of Venezuelans,” Ecarri said.

Hanke, a Johns Hopkins University academic who served in the Reagan administration, has advised countries such as Ecuador and Zimbabwe on similar initiatives. In an article for business magazine Fortune, he confirmed that he has already drafted “a bill for the Venezuelan parliament.”

According to the US economist, the transition would begin with the establishment of a fixed USD-bolívar exchange rate before converting bolívar-denominated accounts to US dollars. The Venezuelan Central Bank (BCV) would retain administrative functions but lose the ability to issue money or set interest rates.

Hanke previously revealed that he has held meetings with US Treasury and White House officials to discuss an international strategy aimed at strengthening the US currency through dollarisation of foreign countries, currency boards, and other instruments.

Ecarri’s proposal drew significant criticism, with Venezuelan National Assembly president Jorge Rodríguez announcing “an investigation process to establish the offenses committed” by the opposition lawmaker. Ecarri was also removed from his position as chairman of the Venezuela-US Parliamentary Friendship Group, a post he had held for just two months.

According to a published statement, the opposition deputy allegedly violated the legislature’s internal procedures as well as the constitutional provision establishing that “the monetary unit of the Bolivarian Republic of Venezuela is the bolívar” and that the central bank “is the public entity that, exclusively and mandatorily, exercises monetary policy.”

Rodríguez also described the proposal during a parliamentary session as “absurd and outrageous.” Ecarri, however, defended his stance and decision to hire Hanke, whom he called “an authority in the field and a personal adviser of mine for some time.”

The opposition lawmaker argues that Venezuela is “at a key moment” to debate the adoption of a different currency.

“The country is already de facto dollarized, but those who continue to receive their wages in bolívars that lose value every day are our teachers, nurses, workers, and pensioners,” he stressed. “The government itself has just approved a law allowing rents to be paid in foreign currency.”

Ecarri claimed that growing oil revenues would supply Venezuela with enough foreign currency to adopt the dollarisation plan, which he argued “should be accompanied by a Macroeconomic Stabilisation Fund to protect the value of the currency against potential external shocks in the United States.”

Since 2018, the Venezuelan government has tolerated the circulation of US dollars amid efforts to control inflation. Though the bolívar remains the official currency, businesses and retailers establish cost structures and prices using US dollars. Venezuelan authorities have also fixed monthly bonus payments, which constitute virtually the entire income for workers and pensioners, in dollars, which are then paid in bolívars using the exchange rate established daily by the BCV.

The central bank has continually devalued the bolívar, with the USD-bolívar exchange rate growing by more than 150 percent since the beginning of 2026. The currency depreciation is a key driver of inflation. Prices rose by 19.9 percent in July, and accumulated 12-month inflation presently stands at 576 percent.

Financial authorities have likewise been unable to control a parallel, speculation-driven exchange rate which currently stands 15-20 percent above the official one.

Despite the persistent devaluation-inflation issues, formal dollarization is opposed by most Venezuelan policy analysts, including government critics. Economist Asdrúbal Oliveros warned that dollarization would be an effective mechanism for drastically reducing inflation but “is not the best solution,” since it would be a “nearly irreversible” decision that would limit the country’s monetary policy options.

Right-wing economist José Guerra likewise considers dollarisation “a straitjacket” for an oil-producing country. “Without a central bank issuing currency, an external shock will cause deflation, an inability to pay salaries and finance public spending, as happens in Ecuador. It also creates a high dependence on the US and is a one-way path,” he said.

Rodrigo Cabezas, former finance minister under president Hugo Chávez, similarly expressed his “complete opposition” to dollarisation, stating that it is “unreasonable” for a country to surrender essential economic tools, losing control over foreign exchange policies and interest rates.

For his part, economist and former United Socialist Party (PSUV) legislator Tony Boza contended that Washington wants to push dollarisation in Latin America to “stave off its economic downfall.” Boza went on to criticise the acting Delcy Rodríguez government and the National Assembly for subordinating economic policies and the country’s national resources to US and foreign capital interests.

Taiwan promotes smart medicine in Ukraine

TAIPEI, (TaiwanToday) – Deputy Minister François Chih-chung Wu spoke about Taiwan’s smart medical care project at hospitals in Ukraine’s Lviv City via videoconference August 25 in Taipei City.

According to the Ministry of Foreign Affairs (MOFA), a pact by the Taiwan International Cooperation and Development Fund (TaiwanICDF), the Lviv city government, the First Medical Union of Lviv and the Unbroken Charitable Foundation to implement smart medical care was concluded.

Wu said Taiwan leverages its smart medicine and health sector to promote the diplomatic allies’ Prosperity Project with partners who hold democratic values for mutual benefits.

The Taiwan government has supported Ukraine since the Russian invasion of 2022, the deputy minister said. He cited the recently renovated rehabilitation building at the UNBROKEN Ecosystem in Lviv named the Taiwan Friendship Building to underscore the friendship.

Lviv Mayor Andriy Sadovyi thanked the government for its long-standing assistance and said the project coincided with the 35th anniversary of Ukrainian independence. While Ukraine has paid with many lives for Russia’s invasion, it still firmly believes in the values of independence and freedom, he said, adding that the friendship of Taiwan is sincerely appreciated.

Taiwan ICDF secretary-general Huang Yu-lin said Ukraine has demonstrated exceptional courage and resilience. Taiwan understands the importance of resilience to tackle crisis, adapt to changes, facilitate reconstruction and create potential, he added.

Huang said the project, the first of its kind implemented by the TaiwanICDF commissioned by the MOFA in Europe, will provide smart medical solutions through hardware and software integration, educational training and personnel cultivation.

According to the MOFA, the project enhances the functions of emergency wards and intensive care units at the city’s St Panteleimon hospital and St Nicholas children’s hospital.

Refinery key to Guyana’s national oil company plans, says president Ali

GEORGETOWN, Guyana, (DPI) – President Dr Mohamed Irfaan Ali has clarified what government means when it talks about a national oil company, stating it would not be a state-run firm producing or investing in oil, but rather an entity built around a domestic refinery to bring down fuel costs and protect Guyana from global price shocks.

The clarification matters because Guyana, despite producing crude oil offshore, imports all of the refined gasoline and diesel used at the pump. This means every spike in global fuel prices is passed on directly to Guyanese consumers and businesses.

“We cannot have crude oil and don’t have security of supply,” the president further explained. A refinery would give the country control over its own fuel supply and “some shield against shocks that are currently existing.”

Asked directly about plans for a national oil company, he was clear on what it would not be.

“[The national oil company is] not as an investor but… one company that looks holistically at the entire ecosystem in terms of the supply,” president Ali said. “The plan would also require expanding the country’s fuel storage capacity, which he said currently falls short of “the development aspirations of our country.” Storage options being considered range from 30 to 120 days’ worth of supply.”

Longer term, president Ali said the refinery and expanded storage could also position Guyana as a fuel supplier to the wider CARICOM region.

“We must be an important supplier in the energy market,” he said.

CAF seeks startups to advance financial inclusion in the silver economy

  • The eighth edition of the CAF Financial Inclusion Lab (LIF) will select up to eight projects, which will gain access to acceleration and investment-readiness programs, as well as opportunities to connect with investors, financial institutions and other strategic partners

BOGOTA, Colombia – Development Bank of Latin America and the Caribbean – has launched the call for applications for the 2026 CAF Financial Inclusion Lab (LIF). In its eighth edition, the initiative is seeking digital solutions capable of addressing the challenges and opportunities arising from demographic change in Latin America and the Caribbean.

The 2026 LIF focuses on the silver economy, seeking solutions that promote greater financial inclusion, financial and digital literacy, and financial well-being for people aged 50 and over, as well as proposals that help people prepare for longer lives at different stages of the life cycle. The call for applications will remain open until October 18, 2026, and is open to legally incorporated companies operating in at least one CAF member country and with technology solutions that are already in active use.

Up to eight projects will be selected as winners and will gain access in 2027 to acceleration programs and personalised support; investment-readiness activities and opportunities to connect with investors, financial institutions, companies and other partners within the LIF network; as well as opportunities to establish business partnerships and advance their regional expansion.

“Longevity is one of the major challenges facing financial systems across the region. Through LIF 2026, we want to demonstrate that digital innovation can support people throughout their lives and turn population aging into an opportunity for development in the region,” said Antonio Silveira, CAF vice president of private sector.

Four areas for innovation

LIF 2026 is looking for digital solutions that are already operational and have demonstrated market traction in four categories:

  • Financial capabilities: Financial and digital literacy, cybersecurity, and planning for longer lives.
  • Financial products and services: Accessible digital banking, payments, savings, insurance and other innovative solutions.
  • Productivity of senior-owned MSMEs: Credit, digital payments, financial management and solutions related to the silver economy.
  • Inclusive govtech: Digital identity, social assistance payments, formalisation and public services.

Preparing to scale and attract investment

From the applications received, 20 finalist proposals will be selected to participate in a virtual Pitch Day on December 9. Of these, up to eight will be selected as winners and will begin an acceleration, investment-readiness and potential-partner engagement program in 2027.

Winners will have access to a tailored acceleration program featuring coaching, mentoring, workshops and support to strengthen their business models and impact management. They may subsequently participate in matchmaking opportunities with investors, companies, financial institutions and other CAF partners.

Key dates

  • October 18, 2026: Application deadline.
  • November 23: Announcement of the 20 finalists.
  • December 9: Virtual Pitch Day.
  • January–September 2027: Acceleration, investment-readiness and matchmaking programs.

Haiti after Kenscoff: Pledges and promises do not stop the killing

By Sir Ronald Sanders

For generations, Kenscoff was where people from Port-au-Prince went to breathe. Its cool hills offered relief, and its farmers supplied the capital’s markets. Gang attacks reached the commune in January 2025, but it remained an important barrier between gang-controlled territory and Pétion-Ville. On the night of 23 August, the Viv Ansanm coalition launched its largest attack on the community so far.

The United Nations says at least 47 people were killed and 22 injured, including five children. Twenty-two people were reportedly executed inside a church compound where they had sought shelter, and more than 50 others were abducted. It was one of the largest mass kidnappings Haiti has suffered in recent years.

Kenscoff was not a failure of diagnosis or planning. The danger was known, security machinery existed and international assistance had been promised. It was a failure to act in time and with sufficient strength. That failure now has names, bodies and grieving families attached to it.

Kenscoff’s Mayor, Jean Massillon, said gang reconnaissance drones had been seen over the town 15 days before the attack. Yet the warning did not produce the protection required. After the massacre, the chief prosecutor, Fritz Patterson Dorval, said eight armoured vehicles were in the area. Armoured vehicles protect no one if they are not where they are needed when gunmen arrive.

The slaughter at Kenscoff was not an isolated act. On 25 August, the United Nations Integrated Office in Haiti reported that, between April and June, at least 1,408 people were killed and 656 injured. Kidnappings rose from 57 in the previous quarter to 81. Fighting in Cité Soleil and the Plaine du Cul-de-Sac displaced more than 18,000 people.

During the same period, the United Nations documented 796 victims of gang-related rape: 772 women, 23 girls and one man. They ranged in age from ten to seventy-one. Eighty-seven percent were raped by more than one attacker, sometimes in the presence of their children or other relatives. In several cases, their homes were looted and burned.

The report also raises serious questions about the conduct of the security forces. Forty percent of those killed or injured during the quarter were victims of security operations against gangs. Twelve percent of them had no gang association, including children struck by bullets or drone explosions. The United Nations says it has received no information that investigations have been opened into these deaths and injuries.

On 25 August, United Nations Secretary-General António Guterres condemned the Kenscoff massacre and called for those responsible to be brought to justice through the specialised judicial units established with international support. No one doubts the sincerity of that statement. But condemnation has become the cheapest commodity in the international system. Haitians want to know which government will put an aircraft, a vehicle, an investigator or a prosecutor behind the words.

Kenscoff has exposed the central weakness of the Gang Suppression Force. It exists in mandate, but lacks the numbers and reach required to protect the Haitian people. The United Nations Security Council authorised 5,550 personnel. In July, only about 1,000 were in Haiti.

Jack Christofides, the Special Representative for the Force, told the Security Council that its headquarters, rules of engagement, intelligence structures and first forward operating base had been established, and regular patrols and initial operations had begun. These preparations do not amount to the operational strength required to confront gangs across several regions of Haiti.

The Force’s initial authorisation expires on 30 September, yet it remains far short of its authorised strength. Personnel, equipment and money have been promised, but promises do not secure communities. Countries with strategic airlift capacity must help move pledged contingents and their equipment to Haiti. A soldier pledged by a country but left at home cannot protect a family in Kenscoff.

Romain Le Cour, head of the Haiti Observatory at the Global Initiative Against Transnational Organized Crime, said of the international force and Haitian police: “They don’t have enough personnel.” He is right. One thousand personnel cannot protect Delmas, Tabarre, Cité Soleil, the Artibonite, Mirebalais and Kenscoff simultaneously. The gangs understand the arithmetic. They stretch the security forces by attacking communities where the State is already weak.

Even a fully deployed force will not succeed if the ground it recovers cannot be held by Haitian institutions. Monica Juma, executive director of the United Nations Office on Drugs and Crime, told the UN Security Council in July that Haiti is facing “a governance crisis, driven by organised crime”. She warned that, without functioning courts, prisons, police institutions and financial investigations, security gains would be temporary.

From 16 to 19 August, the Secretary General of the Organization of American States (OAS), Albert Ramdin, led a high-level delegation to Haiti. It included CARICOM Secretary-General Carla Barnett and representatives of the United Nations, the Pan American Health Organization and international financial institutions. Ramdin returned with an unambiguous message: the Gang Suppression Force needs more personnel, financing, logistical support and operational capacity, and progress must become “visible and measurable as soon as possible”.

As this Commentary is written, the Permanent Council of the OAS is due to consider how the organisation can support Haiti. The Council must not receive another report only to file it among the growing collection of plans for Haiti. It must require a programme of action identifying what will be delivered, by whom and by what date. Commitments of personnel, equipment, strategic airlift and money should be published. So should failures to honour them.

The OAS can use its machinery against organised crime, illicit firearms and money laundering to bring together customs services, financial intelligence units, coastguards, police forces and prosecutors. The weapons used in Kenscoff were not made there. The money used to buy and transport them did not appear from nowhere. The suppliers, financiers and political protectors of the gangs must be identified, sanctioned and prosecuted.

Haiti is a member of CARICOM and a founding member of the OAS. Its people are our people. Caribbean countries have limited resources, but we do not have limited standing. Our voices should be heard, and our actions must be seen and measured.

Kenscoff has stripped away every excuse. The danger was known. Personnel and equipment had been promised. Institutions had been created. Yet people were left to die. Governments must now be judged not by the plans they approve or statements they issue, but by the personnel, equipment, investigators and prosecutors they put into the field. Anything less leaves the next Haitian community waiting for its turn to be slaughtered.

APEC moves cut barriers for fast-growing services trade

HANGZHOU, China – APEC economies are moving to cut regulatory barriers to services trade, advancing work on cross-border data flows, professional licensing and technical standards as they begin implementing a new regional services roadmap.

Officials meeting in Dalian are working on an implementation plan for the APEC Roadmap for Innovative, Competitive and Resilient Services, endorsed by trade ministers in May. The Group on Services has 12 months from the endorsement to develop the plan, which will guide APEC’s work for building more open, predictable, innovative and resilient services sectors across the Asia-Pacific region.

The work focuses on addressing practical barriers encountered by businesses when selling services across borders. Economies are advancing discussions on services domestic regulation and technical standards, recognition of professional qualifications and licensing, as well as manufacturing-related services and structural reform.

Digital trade is emerging as another major focus. Officials are examining the treatment of artificial intelligence (AI)-related services across APEC economies, measures affecting digital trade in services and how trusted data flows can support policymaking and business operation.

“The full potential of digital services in terms of trade and investment will also not be realised if barriers still hinder data flows,” said Peter Ta-Lin Shih, Convenor of the APEC Group on Services.

The push follows discussions a day earlier among policymakers, business representatives and experts on how AI and digital technologies are changing services trade and firms’ participation in global value chains.

The dialogue zeroed in on barriers affecting cross-border data flows and digitally delivered services, the measurement of digital services trade and ways economies can cooperate to manage the risks accompanying digital transformation.

“When we talk about how to embrace digital transformation by examining practical barriers affecting cross-border data flows and digitally delivered services, we in reality aim for freer and more open trade and investment,” Shih said.

The discussions are also feeding into APEC’s work toward a Free Trade Area of the Asia-Pacific (FTAAP), with officials considering where services cooperation could deliver earlier progress. Areas under discussion include greater coherence in services policies and technical standards, capacity building and information sharing, as well as approaches to future services commitments.

Officials are now turning to how the new roadmap will work in practice, including what individual economies will contribute, how work across APEC groups can be coordinated, and how progress will be tracked and reported.

The implementation plan will translate the roadmap into a work program for APEC economies, with the Group on Services responsible for developing it within the timeframe set by ministers.

Behind every click, call and delivery: Making services trade work

By Andre Wirjo

Most people think of international trade as ships carrying containers across oceans or trucks crossing borders. Increasingly, however, trade is something you cannot put inside a box.

It is an architect designing a building in another economy. A software developer providing cybersecurity services halfway around the world. A university delivering online education across borders. A logistics company coordinating complex global supply chains. A small business accepting digital payments from overseas customers.

Together, these activities make up trade in services, one of the fastest-growing and most important parts of the global economy.

Yet while services now account for nearly two-thirds of economic output across the APEC region, making it easier to trade services across borders remains surprisingly challenging. Unlike goods, where barriers are often at the border in the form of tariffs or customs procedures, the biggest obstacles to services trade are frequently found in domestic regulations, licensing systems, professional qualification requirements and data governance frameworks.

Removing these barriers rarely makes headlines. It also happens to be some of the hardest policy work governments undertake.

That is why, just months after APEC trade ministers endorsed the APEC Roadmap for Innovative, Competitive and Resilient Services, officials gathering in Dalian are already focused on the next steps, not what the roadmap says, but how to make it work. Because a roadmap is as good as the journey it enables.

The invisible barriers to services trade

Services have become the backbone of modern economies. In most APEC economies, services provide jobs for more than half of the working-age population. Besides being directly traded across borders, they are also increasingly embedded in the value of goods.

Yet improving cross-border trade in services is often not straightforward. An engineer, accountant or healthcare provider may encounter various challenges. Professional qualifications may not be recognized. Licensing requirements may differ. Regulations affecting cross-border data flows may vary significantly between economies.

These barriers are often less visible, but they can be just as significant. Addressing them requires more than negotiating market access. It often involves improving domestic regulations, strengthening institutions and building greater trust and cooperation among economies.

From roadmap to results

APEC has been working to strengthen the region’s services sector for more than a decade.

The APEC Services Competitiveness Roadmap, endorsed in 2016, helped elevate services as a regional policy priority. It led to important achievements, including the development of the APEC Services Index to assess the regulatory environment affecting services trade, the adoption of principles on domestic regulation and stronger cooperation in areas such as education and environmental services.

But economies also recognised that the services landscape has changed dramatically over the past ten years. Artificial intelligence (AI) is reshaping business models. Digital services continue to expand rapidly. New technologies are changing how professionals collaborate across borders, while businesses increasingly rely on cross-border data flows and digital infrastructure.

Recognising these changes, APEC trade ministers endorsed a new roadmap in May this year, intended to further reduce barriers to services trade, drive economic growth and fuel job creation.

Now comes the difficult task. An implementation plan may sound technical, but it is where policy ambitions are either translated into concrete action or left on paper. The challenge is not simply identifying priorities. It is deciding what activities should be pursued, how economies can work together, which reforms should be undertaken domestically, and how progress should be measured over time.

Turning ambition into action

For the new roadmap to succeed, implementation needs to be practical, measurable and flexible. That begins with translating broad priorities into meaningful activities. Studies, policy dialogues, capacity-building initiatives and information sharing all have a role to play, but they need to contribute to clearly defined objectives.

Progress also needs to be measured thoughtfully. Good implementation is not only about having more meetings or producing more reports. It is also about what changes on the ground: whether reforms are making it easier for businesses to provide services across borders, whether regulatory environments are improving and whether workers and consumers are benefiting from better access to services.

Better indicators will be essential to answering these questions. The APEC Services Index already provides valuable insights into services regulations across participating economies, but there is scope to expand its coverage to emerging sectors, including digital services. Strengthening services-related statistics more broadly will also help economies identify trends, evaluate reforms and make more informed policy decisions.

Implementation also requires recognising that services policy does not belong to a single government agency. Facilitating cross-border digital services may involve trade ministries, telecommunications regulators, competition authorities, privacy agencies, immigration officials and professional regulators. Strengthening services competitiveness therefore depends as much on coordination within governments as on cooperation between them.

Businesses, too, have an important role to play. They experience firsthand how regulations affect investment decisions, innovation and day-to-day operations. Their perspectives can help policymakers identify barriers that may not be apparent from legislation or statistics alone.

Finally, the implementation plan itself should remain adaptable. One of the strengths of APEC’s previous roadmap was its ability to evolve as new priorities emerged. Few anticipated in 2016 how rapidly AI, digital platforms and new forms of cross-border services would transform economies. The next implementation plan should retain that same flexibility, allowing APEC to respond to future technologies, business models and policy challenges that cannot yet be fully anticipated.

A roadmap should not be treated as a fixed destination. It should be a living document that evolves alongside the economies it seeks to support.

Progress will not happen overnight. It will depend on the quieter work of implementation. It is painstaking work, but it is also among the most consequential. If services increasingly shape how our economies grow, innovate and connect, then getting services policy right is no longer merely a technical exercise. It is central to the future of trade itself.

Cost of living crisis needs “multidimensional” response, says president Ali

GEORGETOWN, Guyana, (DPI) – President Dr Mohamed Irfaan Ali said rising cost of living in Guyana stems from several converging factors, ranging from global imported inflation to shifting consumer habits and retail markups.

The president said that the government’s response must be “holistic” rather than centred on any single cause, while his administration has already implemented numerous measures to ease pressure on households.

“There are certain things that we don’t have control over, ” the president said.

For example, global inflation. President Ali explained that global inflation has placed pressure on fuel and fertiliser prices. Although Guyana produces crude oil, the country imports all refined products, meaning it absorbs global price volatility on gasoline, diesel and cooking gas.

President Ali said this is why the government is pursuing investment in a local refinery, potentially linked to a national oil company, along with expanded fuel storage capacity, to build stability against future global shocks; he pointed to more families eating out and cooking less at home as part of the same shift.

Separately, the president raised concerns about markups between farmers and retailers, citing cases where produce sold by farmers at a base price is marked up significantly by the time it reaches consumers. The Guyanese president suggested the creation of farmers’ markets across the country to give farmers more direct access to buyers.

The president also addressed the cost of bottled water, noting Guyana’s capacity to meet local demand through domestic bottling companies, and cautioned against reliance on costlier imported water. He said the government’s role is to enable the private sector rather than compete with it, though essential commodities may require targeted attention.

The head of state said no single policy tool, including grants, can fully address the cost-of-living pressures Guyanese face, stressing that grants are meant to support vulnerable groups and family income, not resolve the underlying structural issues.

“We have to address this in a multidimensional frame,” president Ali said. “Cultural issues, changing eating patterns, changing buying patterns, the margins that are there, that is the only way. It has to be holistic.”

CDB supports regional drive for innovative and transparent public procurement at XX INGP Conference

MONTERREY, Mexico – The Caribbean Development Bank (CDB, the Bank) reinforced its commitment to advancing modern, transparent, and innovative public procurement systems across the Caribbean at the 20th Annual Conference of the Inter-American Network on Government Procurement (INGP), held in Monterrey, Mexico from August 12-14.

A key outcome of this year’s conference was the adoption of the Monterrey Declaration: Innovation as a Driver of Public Procurement Transformation, which positions innovation as a strategic pillar for the evolution of public procurement across the Americas. The Declaration calls for technology-driven reforms, enhanced professional capacity, and greater collaboration to strengthen transparency, accountability, competition, and value for money.

For CDB’s Borrowing Member Countries (BMCs), the agenda is particularly relevant as governments seek to strengthen public institutions, improve the efficiency of public spending, and maximise the development impact of limited public resources.

Naomi Akoy-Bouguenon, acting division chief, procurement policy division at CDB, said the Declaration provides an important framework for advancing procurement reform across the region.

“Public procurement is much more than an administrative process. It is a strategic lever for development, with direct implications for how effectively governments translate public resources into better services and stronger outcomes for citizens,” said Akoy-Bouguenon.

“The Monterrey Declaration recognises the opportunity to harness innovation, digital technologies, stronger professional capacity, and regional collaboration to make procurement systems more transparent, efficient, and responsive. CDB is pleased to contribute to this regional dialogue and to support our BMCs as they strengthen the institutions and systems that underpin effective development.”

The conference also featured the inaugural Expo INGP 2026, bringing together public- and private-sector leaders and showcasing technological, digital, and sustainable solutions aimed at transforming procurement processes.

Discussions highlighted the growing importance of procurement systems that are not only compliant and transparent, but also agile enough to respond to emerging priorities, leverage new technologies, and create greater opportunities for innovation and sustainable development.

As a permanent supporting partner and member of the Inter-American Network on Government Procurement (INGP), whose membership includes all CDB BMCs, the Bank co-organised the event alongside the Organization of American States (OAS), which hosts the INGP Technical Secretariat, the Inter-American Development Bank (IDB), the Secretary of Administration of the Government of the State of Nuevo León, and Mexico’s Secretary of Anti-Corruption and Good Governance. Each year, CDB sponsors the participation of procurement directors and other high-level procurement authorities from each BMC at the INGP Annual Conference, supporting regional dialogue and knowledge-sharing on public procurement reform.

CDB’s engagement forms part of its broader support for stronger institutions and effective development financing across the Caribbean, in line with the Bank’s 2026-2035 strategic vision. Through policy dialogue, technical assistance, knowledge-sharing, and capacity-building, the Bank works with its BMCs to strengthen procurement frameworks and practices, improve institutional performance, and support better development outcomes.

The outcomes of the XX INGP Conference and the Monterrey Declaration are expected to inform future regional collaboration and support the continued transformation of public procurement systems throughout the Americas.

US Treasury Department issues sanctions waivers for Venezuela Telecom Services, contracts

 New OFAC licenses allow Venezuelan state-run CANTV and CONATEL to acquire tech exclusively from US firms while restricting foreign partnerships.

By Silvana Solano Rodríguez

MERIDA – The US Treasury Department’s Office of Foreign Assets Control (OFAC) issued two general licenses granting specific permissions for telecommunications operations with Venezuela.

Under General License 61 (GL61), published on Friday, OFAC authorised US companies to provide “technology, software, or services for the installation, maintenance, refurbishment, repair, upgrade, operation, or support of telecommunications” to Venezuela’s state-owned telecommunications company CANTV and National Telecommunications Commission CONATEL.

According to official OFAC definitions, telecommunications services encompass fixed and mobile telephony, data transmission, internet connectivity, radio and television broadcasting, news agency feeds, satellite communications, and submarine cables.

GL61 permits specific operational activities, including payment processing, logistics, data storage, server maintenance, and roaming agreements. However, the license specifies that Venezuelan state entities must procure new acquisitions exclusively from US companies or US citizens.

In addition, the Trump administration published General License 62 (GL62), authorising negotiations for contracts in Venezuela’s telecommunications sector, though final agreements remain contingent on a separate specific license.

Both sanctions waivers impose that any contracts be governed by the laws of a state or federal jurisdiction within the United States. Furthermore, the licenses mandate that “dispute resolution proceedings relating to the contract occur in the United States, the United Kingdom, France, or Singapore.”

The Treasury licenses maintain bans on debt swaps, physical gold, or digital currencies and tokens issued by or on behalf of the Venezuelan government.

Furthermore, GL61 and GL62 maintain restrictions prohibiting “any transaction involving a person located in the Russian Federation, the Islamic Republic of Iran, the Democratic People’s Republic of Korea, the Republic of Cuba, the People’s Republic of China, or any entity that is owned or controlled by or in a joint venture with such persons”.

Since the January 3 US military strikes and kidnapping of Venezuelan President Nicolás Maduro, Washington has upheld its wide-reaching coercive economic sanctions in areas such as energy and mining,  while issuing licenses to favor US and Western corporations.

US sanctions and restrictions on Chinese technology firms present a challenge to CANTV’s recent operational landscape. For the past two decades, the Venezuelan government has forged bilateral agreements with Chinese telecom firms, including ZTE and Huawei, establishing joint projects to manufacture and deploy telecommunications equipment domestically.

Over the last decade, CANTV has worked with Huawei and ZTE to modernise networks, expand fibre-optic infrastructure, and sustain broadband services nationwide. Venezuelan authorities have not commented on the latest US licenses and potential impact on existing agreements.

In addition, CANTV has been identified by analysts as a potential candidate for privatisation. The company has recently been mired in controversy after reportedly cutting retired workers’ incomes. Retirees have staged protests in several states in recent days after a US $200 monthly bonus was arbitrarily slashed, while also demanding the restoration of basic medical insurance and health coverage guaranteed by collective bargaining agreements.

In parallel, CONATEL has launched technical and legal working sessions with representatives of SpaceX’s Starlink service to examine radioelectric spectrum allocation, equipment homologation, and regulatory compliance under Venezuela’s Organic Telecommunications Law.

Despite Maduro previously criticising SpaceX owner Elon Musk for destabilising politics in Venezuela and Latin America, the acting Delcy Rodríguez government thanked the tech mogul for activating free Starlink services in the wake of the June 24 double earthquake in the Caribbean nation.

People, animals, plants, ecosystems: Making the case for investing in One Health

GENEVA, Switzerland –  The economic costs from zoonotic and other infectious diseases run into billions of US dollars annually.  And according to World Bank estimates, antimicrobial resistance could lead to a loss of around 3.8 percent of global gross domestic product by 2050.

These global health threats and potential economic consequences mean that countries need to invest in new ways to increase preparedness and prevention.

A new brief from the Food and Agriculture Organization (FAO) Investment Centre, in collaboration with the World Health Organization (WHO) and the World Organisation for Animal Health (WOAH), examines the long-term, added value of investing in One Health – an integrated approach that recognises the connections between human, animal, plant and ecosystem health.

Financial and economic returns to investing in One Health: evidence and future directions looks at how the approach can reduce disease burdens, health-care costs, environmental contamination and antimicrobial resistance spread.

By promoting collaboration across sectors and disciplines, One Health helps maximise the impact of investments while reducing unintended consequences and improving long-term resilience.

Geared for decision-makers, One Health practitioners and financing institutions, the brief identifies barriers and opportunities for investing in One Health initiatives and reviews current evidence and knowledge gaps on the returns on investment.

It also highlights the institutional and financing mechanisms needed to scale sustainable, cost-effective interventions at all levels, from the community to the global level.

Thanawat Tiensin, FAO assistant director-general, director of FAO’s Animal Production and Health pision and chief Veterinarian, says that “today’s most pressing challenges – climate change, biodiversity loss, pollution, food insecurity and socioeconomic vulnerabilities – are deeply interconnected,” adding that “they demand integrated approaches like One Health, which can improve prevention and mitigation.”

Baba Soumare, WOAH deputy director- general, points to animal health as one of the most effective entry points for prevention, adding that “investing in One Health means investing in stronger veterinary services, better surveillance and greater collaboration across sectors to detect, prevent and respond to health threats at their source. These investments protect not only animals, but also people, economies and ecosystems.”

Investments in animal health, food systems, environmental protection and public health can also reinforce one another, delivering greater impact than isolated sectoral interventions.

Assistant director-general and director of the FAO Investment Centre Mohamed Manssouri says that “while the wider benefits of investing in One Health are recognised globally, investments in One Health initiatives are still limited.”

He stresses that “more quantitative evidence of the added value of the One Health approach and support to governments to translate One Health priorities into investment plans are essential for securing continued political commitment as well as investor confidence and engagement.”

Dr Jeremy Farrar, assistant director-general, WHO, echoes this sentiment, confirming that as “chair of the Quadripartite, WHO will work with partners to strengthen the evidence on the impact and return on investment of One Health interventions. This is essential to build a stronger scientific and economic case for One Health approach and turn political commitment into action.”

This latest brief, part of the FAO Investment Centre’s Innovation and Knowledge for Investment (IK4I) series, adds to FAO’s body of work around One Health. This includes two major studies with the World Bank in Asia and the Pacific, published in 2022, on strengthening investments in livestock health and wildlife systems.

Ensuring AI benefits everyone is key to development in the global South

    • Artificial intelligence has the potential to reshape human development. The question is whether it will do so in ways that reflect the priorities of the many, rather than the interests of the few.

GENEVA, Switzerland – The global artificial intelligence (AI) market is projected to hit $4.8 trillion by 2033 – roughly the size of Germany’s economy – a 25-fold increase in just ten years.

This rapid expansion is already affecting everyday life. AI-powered mobile apps help rural health workers interpret symptoms where doctors are scarce. Adaptive learning platforms personalise lessons for students in under-resourced schools.

In climate-vulnerable regions, AI models forecast floods, droughts and crop failures days or weeks in advance, giving communities time to prepare.

But these gains aren’t automatic. They depend on choices about who builds the technology, whose data train it, and who gets a say in how it is governed.

Stakes are high for human development

The benefits of AI are far from evenly distributed. A small group of economies and around 100 firms control the bulk of AI research, patents, and computing power.

Fewer than one-third of developing countries have a national AI strategy. Among least developed countries, the figure is just 12 percent. About 65 percent of people in least developed countries remain offline, putting AI out of reach from the start.

Up to 40 percent of jobs worldwide could be affected by AI-driven automation. That threatens to erode the low-cost labour advantage many developing economies rely on for growth and poverty reduction.

Meanwhile, 118 countries – mostly in the global South – are absent from major AI governance forums. This means norms on safety, transparency and accountability are being written without them.

These are not just technical gaps. They’re human development gaps affecting livelihoods, public services and countries’ capacities to meet their citizens’ needs.

Leverage points: Infrastructure, data and skills

AI can deliver the greatest human development impact where needs are most acute: agriculture, primary healthcare, disaster management and public administration.

Success depends on three interdependent factors: infrastructure such as electricity, broadband and computing; locally relevant data; and workforce skills.

For most developing countries, the realistic entry point is adapting existing or open-source models to local conditions rather than building proprietary systems.

Aligning these efforts with national development plans — and treating data governance as central to readiness — separates countries that capture AI’s gains from those where the technology remains confined to urban centres.

Policy pathways for inclusive AI

Inclusive AI is not a slower path but one that ensures technology leaves no one behind. For developing countries, the window to act is open but narrowing.

UN Trade and Development (UNCTAD) advocates for global cooperation to steer AI towards shared goals and values. Key priorities include:

  • Industry commitment: A public disclosure mechanism for AI, similar to the environmental, social, and governance (ESG) framework, can improve accountability and turn global commitments into impactful outcomes.
  • Shared infrastructure.: A global shared facility can provide equitable access to AI infrastructure, lowering entry barriers for countries that can’t build such infrastructure alone.
  • Open innovation: Open data and open-source models can broaden access to knowledge and resources, supporting inclusive AI innovation. Coordinating fragmented open-source AI resources can make them more accessible and promote global collaboration.
  • Capacity building: Sharing AI knowledge and resources – especially through South–South cooperation – can strengthen the capacity of developing countries to seize AI benefits and address common challenges.

IDB Group – Japan to advance health systems, resilient infrastructure

TOKYO, JAPAN — The Inter-American Development Bank Group (IDB Group) has signed two Memorandums of Cooperation (MoC) with the government of Japan to advance their joint work on health systems, digital health, long-term care, resilient infrastructure, and urban development in Latin America and the Caribbean.

The two agreements are part of a package that expands resources from the Japan International Cooperation Agency (JICA) to $6.5 billion, and is expected to generate co-financing of approximately $7.5 billion based on the average of the last years, totaling $14 billion of financing to the region; establishes a $30 million non-reimbursable Japan Resilience Initiative for critical minerals and other areas; creates a new risk-transfer instrument using NEXI loan insurance for IDB loans; and renews the agreement with the Japan Bank for International Cooperation (JBIC) to identify co-financing opportunities including in critical minerals, sustainability infrastructure, energy transition, resilient supply chain, food security, and green finance.

Advancing health, care, and digital transformation

Under a new Memorandum of Cooperation, the IDB Group, Japan’s ministry of finance, and JICA will deepen collaboration in long-term care, health system strengthening, universal health coverage, and digital health transformation. Building on Japan’s experience in addressing demographic change and population aging, the partnership seeks to support more accessible, resilient, and sustainable health and care systems across Latin America and the Caribbean.

The agreement will advance IDB Cares, the IDB Group’s flagship initiative to accelerate investments and strengthen care systems through improved governance, financing, service quality, workforce development, and the adoption of innovative care technologies, including community- and home-based care models.

It also reinforces cooperation on digital health initiatives, including the Pan-American Highway for Digital Health (PH4H), supporting interoperable health services, telehealth, digital medical records, artificial intelligence applications, cybersecurity, and other patient-centered solutions to expand access to quality healthcare.

The cooperation also creates opportunities to draw on IDB Lab’s experience connecting innovation, technology, and entrepreneurial ecosystems, including by exploring links between Japanese expertise and solutions and emerging health and care needs across the region.

Scaling high-quality, resilient infrastructure

In another Memorandum of Cooperation, the IDB and Japan’s ministry of land, infrastructure, transport and tourism agreed to expand collaboration to promote high-quality and resilient infrastructure investments in Latin America and the Caribbean. The agreement establishes a framework to identify collaboration opportunities with strong development impact and advance cooperation in infrastructure sectors critical to sustainable growth.

The partnership —  drawing on Japan’s global leadership in disaster preparedness – will support more resilient transport, water and sanitation, housing, and urban infrastructure systems by integrating disaster risk management, environmental considerations, and technological innovation into planning and implementation.