COP29: Islamic bank supports WHO Impact Investment with $10m – Newstrends
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COP29: Islamic bank supports WHO Impact Investment with $10m

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COP29: Islamic bank supports WHO Impact Investment with $10m

The Islamic Development Bank (IsDB) has committed a $10 million grant to the World Health Organization (WHO) to support the Health Impact Investment Platform (HIIP), bolstering its mission to strengthen primary healthcare systems worldwide.

Announced on November 12, 2024, during the UN Climate Change Conference (COP29) in Baku, the grant highlights IsDB’s dedication to enhancing health resilience and climate adaptation in low- and middle-income countries.

In a statement on Tuesday, IsDB described HIIP as a groundbreaking partnership among Multilateral Development Banks (MDBs), WHO and nations seeking robust health and climate solutions.

“This initiative focuses on the investment in essential, climate and crisis-resilient primary health care services and systems,” the bank stated, emphasizing the aim to reinforce the health system, especially in low- and middle-income countries and in underserved communities, ultimately aiming to foster resilience against emerging health threats and climate challenges.

Fifteen countries are identified as part of phase one of the Health Impact Investment Platform: Burundi, Central African Republic, Comoros, Djibouti, Egypt, Ethiopia Guinea Bissau .

Other countries included Jordan, Maldives Morocco, Senegal, South Sudan, The Gambia, Tunisia and  Zambia.

Supporting WHO’s technical assistance goals 

The $10 million grant will specifically support the technical assistance that WHO provides to countries around the world to assess investment needs and to design the most impactful health projects.

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“These projects will serve as the foundation for co-investment by the MDBs, ensuring that resources are directed toward areas with the greatest potential for positive health outcomes,”IsDB added.

Over the next four years, WHO aims to strengthen climate resilience as part of its Fourteenth General Programme of Work, which includes implementing national climate adaptation plans and making 10,000 health facilities fully operational, including solar-powered electrification.

Unlocking $500m in health investments across the region 

In addition to the $10 million grant, IsDB’s contribution is projected to unlock at least $500 million in health investments across the region.

“This collective goal is part of a broader effort to mobilize a total of US$ 1.5 billion in concessional loans and grants, focusing on critical areas, this way addressing national health priorities.”  

Advancing health resilience, leadership statements  

IsDB President Dr. Muhammad Al Jasser said, the Islamic Development Bank is proud to support the Health Impact Investment Platform as part of our unwavering commitment to advancing universal health coverage and resilience in our Member Countries.

“These Multilateral Development Banks and WHO partnerships enable us to scale up primary health care where it is needed most, creating a stronger foundation to withstand future crises and addressing the pressing health challenges of today.” 

“Together, we are fostering a healthier, more equitable future for communities across the globe,” he said.

WHO Director-General Dr. Tedros Adhanom Ghebreyesus emphasized that low- and middle-income countries need access to sustainable financing to strengthen their health systems through primary health care, to make them both more resilient to pandemics and more equitable in delivering essential health services.

“The Health Impact Investment Platform combines WHO’s public health expertise and on-the-ground presence with the resources and financing expertise of the Islamic Development Bank and other multilateral development banks. By working together, we can make a significant difference in improving health outcomes and creating a healthier future for all.” 

The IsDB, along with its partners, remains committed to fostering partnerships that will advance healthcare and improve quality of life globally.

 

COP29: Islamic bank supports WHO Impact Investment with $10m

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Israeli strikes pound central Beirut, suburbs

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Israeli strikes pound central Beirut, suburbs

BEIRUT: Israeli strikes pounded a densely-populated part of the Lebanese capital and its southern suburbs on Tuesday, hours ahead of an anticipated announcement of a ceasefire ending hostilities between Israel and Lebanese armed group Hezbollah.

A strike on Beirut hit the Noueiri district with no evacuation warning and killed at least one person, Lebanon’s health ministry said in a preliminary toll.

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Minutes later, at least 10 Israeli strikes hit Beirut’s southern suburbs. They began approximately 30 minutes after the Israeli military issued evacuation orders for 20 locations in the area, the largest such warning yet.

As the strikes were under way, Israel’s military spokesperson Avichay Adraee said the air force was conducting a “widespread attack” on Hezbollah targets across the city.

 

Israeli strikes pound central Beirut, suburbs

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Over $100m wasted, Trump mocks Democrats for targeting him

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President-elect Donald Trump

Over $100m wasted, Trump mocks Democrats for targeting him

Former U.S. President Donald Trump has fiercely criticised the legal cases brought against him, calling them “empty and lawless”.

He accused Democrats of weaponising the judicial system to target him as a political opponent.

In a strongly worded statement, Trump alleged that over $100 million in taxpayer money had been wasted in what he described as a politically driven effort to undermine his influence.

“Nothing like this has ever happened in our Country before,” he said, pointing to high-profile prosecutors, including Georgia’s Fani Willis and New York Attorney General Letitia James, as key figures in what he called a “political hijacking.”

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Trump also accused Willis of colluding with Nathan Wade, whom he described as “her lover” and lacking the experience to handle such cases.

He claimed Wade was paid “millions,” allegedly enabling lavish trips and cruises.

Letitia James, who is pursuing a civil fraud case against Trump, was also criticised.

He claimed she had campaigned on a promise to “get Trump” in her bid for office, an action he labelled “unethical” and “probably illegal.”

Trump also mentioned Manhattan District Attorney Alvin Bragg, alleging that Bragg initially resisted prosecuting him but was pressured into action by the Justice Department and the Democratic Party.

Describing the series of legal actions as a “low point in the history of our Country,” Trump maintained his resolve, declaring: “I persevered, against all odds, and WON.”

 

Over $100m wasted, Trump mocks Democrats for targeting him

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US-based Nigerians get 30-year sentence over $3.5m romance scam

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US-based Nigerians get 30-year sentence over $3.5m romance scam

A United States federal jury sentenced two Nigerians, Anthony Ibekie and Samuel Aniukwu, to 30 years in prison for scamming certain US citizens $3,500,000.

This was mentioned in a news statement made public on the US Department of Justice website on Monday.

According to the statement, the Nigerians, Ibekie and Aniukwu mislead their victims by informing them that they had received big inheritances that required payment to claim.

The couple would then ask their victims to transfer money, promising to refund them after the inheritances were claimed.

It also stated that the duo carried out romance scams by establishing romantic relationships with their victims and demanding them to send money after they had built trust in their victims.

It read, “An undercover law enforcement investigation has resulted in federal prison sentences for two Nigerian nationals residing in the Chicago suburbs who conducted online inheritance scams and other fraud schemes.

“Using aliases, Anthony Emeka Ibekie and Samuel Aniukwu communicated with victims throughout the United States, convincing them they had received substantial inheritances and needed to send money to individuals associated with the defendants in order to claim it.

“In addition to the inheritance scam, the pair carried out an online romance scam that involved communicating with victims via social media and dating websites, building trust with the victims through a purported online romance, and convincing them to send money to a predetermined recipient. Aniukwu and Ibekie also orchestrated a ‘business email compromise’ scam that targeted corporate email accounts.

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“The fraud schemes were uncovered by a covert law enforcement investigation. The scams resulted in losses to victims of at least $3.5 million.”

According to the statement, after being arraigned on 14 charges, the duo pleaded guilty to their different alterations.

Following their guilty pleas, Ibekie was sentenced to 20 years in prison on Thursday, and Aniukwu was sentenced to 10 years in prison on November 8.

The statement continued, “A federal jury earlier this year convicted Ibekie, 59, of Oswego, Illinois, on all 14 counts of wire fraud, mail fraud, money laundering, making false statements to a bank, and passport fraud. U.S. District Judge Steven C. Seeger on Thursday sentenced Ibekie to 20 years in federal prison.

“Aniukwu, 50, of Romeoville, Illinois, pleaded guilty last year to wire fraud and money laundering charges. Judge Seeger on Nov. 8, 2024, sentenced Aniukwu to 10 years in prison.”

Meanwhile, Jennifer Gosha, an accomplice of the Nigerians and a US citizen, is expected to be sentenced on December 18 after pleading guilty.

“A third defendant, Jennifer Gosha, 52, a U.S. citizen from Oak Park, Ill., pleaded guilty earlier this year to charges of wire fraud and making false statements to a federal agent. Gosha is scheduled to be sentenced by Judge Seeger on December 18, 2024,” the statement concluded.

 

US-based Nigerians get 30-year sentence over $3.5m romance scam

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