by: Andrea Spinelli Barrile | 8 May 2024
African Development Bank (Afdb) Group President Akinwumi Adesina has highlighted the importance of significantly increasing financing to Africa to achieve the Sustainable Development Goals (SDGs). Adesina said this at the 50th anniversary celebrations of the Islamic Development Bank. Afica24 reports it.
According to Adesina, Africa suffers from a growing financial deficit, amounting to 4,000 billion dollars per year, which risks compromising efforts to achieve the Sustainable Development Goals set by 2030.
In addition to evaluating financial strategies essential to advancing global development in the face of economic instability, multilateral banks play a critical role in increasing collaboration on innovative financial solutions. To this end, the AfDB’s “High5” strategic program aims to achieve almost 90% of the SDGs. Furthermore, the African Development Bank is expected to raise $25 billion for climate adaptation by 2025: Afdb Group’s investments in Africa amount to $10 billion in 2023. Key beneficiary sectors include infrastructure, agriculture, electricity and the fight against climate change.
© All rights reserved
Related
Morocco Tourism Awards: Adel El Fakir, elected Tourism Personality of the Year
On all fronts, both nationally and internationally to promote the Morocco tourism brand, Mr. El Fakir has increased in 2023 the number of air services with national and international airlines, as well as with tour operators around the world. entire.
It also increased marketing actions and communication campaigns and brought together all tourism operators. Never, in the opinion of the Moroccan press bosses surveyed, “the ONMT has had so much dynamism”.
Initiated by the specialized media Tourisma Post and supported by a certain number of partner media, the “Morocco Tourism Awards” rewarded the actors, destinations and tourism institutions which were the most active in 2023, which stood out for their creativity and their commitment and which thus contribute to the influence of the Morocco tourist brand both nationally and internationally.
The event was enhanced by the presence of Mr. André Azoulay, Advisor to His Majesty King Mohammed VI.
Votes for the selection of nominees were made mainly by journalists and press bosses from national media. A choice justified by the organizers to guarantee a certain neutrality and a critical look at the sector.
Here is the list of prizes awarded:
– Tribute Prize: Omar Kabbaj, President of the Interedec Maroc Group
– Hotelier of the Year: Noury Saladin – CEO of Movempick Marrakech
– The Hotel Establishment of the Year: The Fairmont La Marina Rabat-Salé hotel
– The Hotel Group of the Year: Hivernage Collection Group
– Travel Agency of the Year: Atlas Voyages
– DMC Agency of the Year: S’Tours
– Restaurateur of the Year: Imane Rmili – President of the National Federation of Restaurateurs
– Social engagement for guides: Halaa Benkhaldoun – Intrepid Travel Morocco
– Woman of the Year: Rkia Alaoui – President of the CRT Tangier-Tetouan-Al Hoceima
– Destination of the Year: Essaouira
– The Eco-Responsible of the Year: the Society for the Development and Promotion of the Taghazout Station -Sapst –
– The Young Hope 2023: Naït Othman – CEO Travel Link Morocco
– Leader of the Year: Hamid Bentahar – President of the National Tourism Confederation – CNT
– Personality of the Year: Adel El Fakir – General Director – ONMT
Morocco Tourism Awards: Adel El Fakir, elected Tourism Personality of the Year
FDIC Faces Scandal as Report Exposes Toxic Work Culture and Chairman’s Conduct
An FDIC Supervisor Invited Staff to Strip Club, Says Independent Report
An Independent Report Reveals Culture of Harassment at FDIC
A recently released independent report on the Federal Deposit Insurance Corporation (FDIC) has shed light on a culture of harassment and misconduct within the organization. The report, conducted by the external law firm Cleary Gottlieb Steen & Hamilton, describes the FDIC as having a “patriarchal” and “insular” culture, with incidents of harassment and wrongdoings being overlooked or mishandled.
FDIC Dismissed and Ignored Numerous Harassment Complaints
The 234-page summary of the investigation reveals that the FDIC has frequently dismissed harassment complaints and failed to take appropriate action against wrongdoers. Instead of addressing the issues head-on, the report suggests that wrongdoers were often transferred internally or even promoted. The FDIC’s anti-harassment program, as highlighted by the report, was found to be ineffective, with no serious consequences for the majority of reported incidents.
Work Culture Characterized as “Misogynistic” and “Outdated”
The investigation highlighted the FDIC’s culture as being “misogynistic,” “patriarchal,” “insular,” and “outdated,” fostering a “good ol’ boys” club mentality. Instances of favoritism and circles of protection around managers were prevalent, with executives known for pursuing romantic relations with subordinates facing no apparent consequences. Employees from underrepresented groups felt tokenized and feared retaliation for reporting issues.
FDIC Chairman Faces Questions about Leadership and Workplace Crisis
The report specifically addressed FDIC Chairman Martin Gruenberg, citing “credible reports” of his temper and raising concerns about his ability to lead a cultural transformation within the organization. This revelation prompted calls from lawmakers for Gruenberg’s resignation, potentially making way for Vice Chairman Travis Hill to assume the interim role. Gruenberg, a Democrat, has held the position for nearly a decade.
FDIC Responds and Gruenberg Acknowledges Responsibility
In response to the report, Chairman Gruenberg publicly acknowledged the criticisms and took responsibility for the FDIC’s culture and any shortcomings on his part. He expressed his commitment to addressing the issues raised by the independent investigators. However, the White House and lawmakers from both parties have remained quiet about their confidence in Gruenberg’s leadership.
What’s Next for the FDIC
The release of the report raises significant concerns about the FDIC’s ability to foster a safe and inclusive workplace and inspire confidence among its employees. With the findings now public, pressure is mounting for decisive action and a comprehensive transformation at the FDIC to create a more equitable and respectful work environment.
Disclaimer: This article is based on an independent report and does not represent the views of the original source or the views of the website.
Note: The details about the original writer and original website have been removed to ensure originality and adherence to ethical journalism practices.
FDIC Faces Scandal as Report Exposes Toxic Work Culture and Chairman’s Conduct