Global Scans · Peace, Justice and Strong Institutions · Weekly Summary

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In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

• [New] The United States is expected to use its veto power, having stated that the UN is not the venue for recognition of a Palestinian state, which must be the result of a peace deal with Israel. The Times of Israel
• [New] The introduction of gen AI presents new risks, requiring financial institutions to embrace a new approach to risk management and controls. Fintech Singapore
• [New] Generative artificial intelligence, also known as gen AI, is expected to significantly impact risk management over the next five years, allowing financial institutions to automate tasks, accelerate processes and improve efficiencies. Fintech Singapore
• [New] Budget 2024 proposes to provide $50 million over five years, starting 2024-2025, to create the AI Safety Institute of Canada with a view to better understanding and protecting against the risks of advanced and generative AI systems. Gowling WLG
• [New] Financial institutions must advance trade finance digitization and technology integration, essential for bolstering due diligence, enhancing financial crime prevention, and safeguarding the global financial system from TBFC threats. FinExtra
• [New] The peaceful accommodation of India will alter the historical patterns of rise and fall of great powers through war. Oxford University Press
• [New] While Canada has until 2029 to confront the many issues highlighted in the third National Action Plan on Women, Peace and Security, it must invest at all levels of government. The Conversation
• [New] International organizations such as the UNEP and the IUCN and financial institutions will have a key role to play in promoting environmentally sustainable wind energy projects, recognizing that development can only be considered sustainable if it addresses both the biodiversity and climate crises. OUP Academic
• [New] The FSB's initiatives cover a wide range of financial institutions and markets, including the non-bank financial intermediation sector, to address potential sources of systemic risk. Investopedia
• [New] Working together with Ontario businesses and industrial partners, the federal government, municipalities, Indigenous communities, academic institutions and other key stakeholders, we are going to connect Ontario with global markets to develop an economically sustainable low-carbon hydrogen sector. Ontario.ca
• Russia's already threatening to terminate more UN sanctions mandates that help the Security Council monitor and take action to deter threats to international peace and security. UN News
• U.S. officials have recently warned Beijing against providing indirect aid to the Russian war effort and regularly urge China to wield its influence to help bring about peace in Ukraine. The Moscow Times
• Insights developed by the New Zealand Institute of Economic Research show us that a 20% increase in the number of businesses adopting cloud-based business tools in the future could add $7.8 billion to Aotearoa's annual GDP through improved productivity. NZ Herald
• Nicaragua asked the International Court of Justice today to order Germany to halt arms exports to Israel and reverse its decision to stop funding to the U.N. Palestinian refugee agency, saying there is a serious risk of genocide in Gaza. Just Security
• Working together with Ontario businesses and workers, the federal government, municipalities, Indigenous communities, academic institutions, and other key stakeholders, we are going to connect Ontario with global markets to develop an economically sustainable low-carbon hydrogen sector. Ontario.ca
• Foreign Ministry of Germany: Milestone towards a just peace for Ukraine: From today, a register at the Council of Europe will record all the damage Russia has caused with its war of aggression in violation of international law. Ukraine Interactive map - Ukraine Latest news on live
• The anti-corruption policy of Ukraine has two distinct dimensions: 1) the establishment and successful functioning of institutions aimed at investigating and penalizing corrupt deeds; 2) the creation of a regulatory environment with limited opportunities for corruption. BTI 2024
• The present situation in Gaza is catastrophic and that given the international court of justice (ICJ) finding that there is a plausible risk of genocide being committed, the UK is legally obliged to act to prevent it. The Guardian
• The U.S. Department of State defines de-risking as the phenomenon of financial institutions terminating or restricting business relationships with clients or categories of clients to avoid, rather than manage, risk. Council on Foreign Relations
• As Al-Shabaab's methods grow more sophisticated and more lethal, its reach and influence pose an existential threat to Somalia and to international peace and security. ReliefWeb
• Prime Minister Benjamin Netanyahu has so far resisted pressure to change course, insisting that Hamas remains an existential threat to Israel that must be destroyed before lasting peace can return. investing.com

Last updated: 22 April 2024