Winners Announced in 2023 Stevie Awards for Great Employers

Bank of America and Globe Telecom Among Top Winners Winners in the 8th Annual Stevie Awards for Great Employers Were Announced at a Ceremony in NYC FAIRFAX, Va., Sept. 19, 2023 (GLOBE NEWSWIRE) — Winners in the 2023 Stevie® Awards for Great Employers, an international competition, were announced on Monday, September 18 during a gala event in New […]

Bank of America and Globe Telecom Among Top Winners

Winners in the 8th Annual Stevie Awards for Great Employers Were Announced at a Ceremony in NYC

The 2023 Stevie Awards for Great Employers recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work.

FAIRFAX, Va., Sept. 19, 2023 (GLOBE NEWSWIRE) — Winners in the 2023 Stevie® Awards for Great Employers, an international competition, were announced on Monday, September 18 during a gala event in New York City. The awards recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work.

A complete list of Gold, Silver, and Bronze Stevie Award winners by category is available at http://www.StevieAwards.com/HR.

A diverse group of organizations and individuals around the world are among those recognized. The organization that won the Grand Stevie Award for Most Honored Organization of the Year is Bank of America of Charlotte, NC, with seven Gold, seven Silver, and seven Bronze Stevie Awards wins totaling 45.5 points. Organization of the Year goes to the organization with the most award points, with each Gold Stevie win counting for three points, each Silver Stevie win for two points, and each Bronze Stevie for one-and-a-half points.

The Grand Stevie Award for the Highest-Rated Nomination of the Year goes to Globe Telecom Inc. of Taguig City, Philippines for their nomination of Ato Jiao for Chief HR Officer of the Year, which received an average score from the judges of 9.5 out of a possible 10.

Leading winners of Gold Stevie Awards include Bank of America (7), Cathay United Bank (5), IBM (4), Tata Consultancy Services (4), Tech Mahindra (4), Dimes Sanayi ve Ticaret A.Ş. (3), Enerjisa Enerji (3), Product Madness (3), TELUS International (3), Akbank T.A.S. (2), American Systems (2), Ayala Land Inc. (2), BlueSky Personnel Solutions (2), Borusan (2), DHL Global Forwarding, Freight (2), FedEx (2), Globe Telecom (2), GoHealth (2), Golden Hour Veterinary Telemedicine (2), Kordsa Teknik Tekstil A.Ş. (2), Saint-Gobain North America (2), Siemens AG (2), and Top Hat (2).

More than 1,000 nominations by organizations from 28 nations were evaluated in this year’s competition. Winners were determined by the average scores of more than 125 professionals worldwide acting as judges.

Stevie Award winners in the 31 Employer of the Year categories were determined by a unique blending of the ratings of professionals and the votes of the general public.

The Stevie Awards for Great Employers recognize achievement in many facets of the workplace. Categories include:

  • Employer of the Year Awards
  • HR Achievement Awards
  • HR Individual Awards
  • HR Team Categories
  • Solution Provider Awards
  • Solutions, Implementations, and Training Programs or Media Awards
  • Thought Leadership Categories
  • COVID-19 Response Awards

The awards are presented by the Stevie Awards, which organizes eight of the world’s leading business awards programs including The International Business Awards® and The American Business Awards®.

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

A sponsor of the 8th annual Stevie Awards for Great Employers is HiBob.

Marketing Contact
Nina Moore
Nina@StevieAwards.com
+1 (703) 547-8389

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/06939e25-fba1-4760-aacd-ed60700c9173

GlobeNewswire Distribution ID 8924230

Impulse Dynamics Announces Leadership Changes

Jason Spees Appointed to Chief Executive Officer — Shlomi Nachman To Be Chairman and John Liddicoat To Join the Board of Directors — Expanding Depth of Medical Device Industry Leadership and Track Record of Driving Commercialization Success With Advanced Technology MARLTON, N.J., Sept. 19, 2023 (GLOBE NEWSWIRE) — Impulse Dynamics plc, a global medical device […]

Jason Spees Appointed to Chief Executive Officer — Shlomi Nachman To Be Chairman and John Liddicoat To Join the Board of Directors — Expanding Depth of Medical Device Industry Leadership and Track Record of Driving Commercialization Success With Advanced Technology

MARLTON, N.J., Sept. 19, 2023 (GLOBE NEWSWIRE) — Impulse Dynamics plc, a global medical device company dedicated to improving the lives of people with heart failure, announced new leadership appointments, including Jason Spees to Chief Executive Officer, Shlomi Nachman to Chairman of the Board, and John Liddicoat, M.D., as a member of the Board of Directors. Spees was recently President and Chief Commercial Officer at Impulse Dynamics and brings a depth of medical device industry experience from commercial leadership roles. Nachman most recently was the Company Group Chairman at Johnson & Johnson, overseeing the Cardiovascular and Specialty Solutions & Vision Group. Liddicoat most recently served as Executive Vice President and President of the Americas Region and Enterprise Technology & Innovation function at Medtronic.

“I am pleased to lead the Impulse Dynamics team, focusing on a strong commercialization strategy and our commitment to an ongoing pace of innovation to change the course of treatment for patients living with heart failure,” said Spees. “We find ourselves in a unique position to capitalize on robust clinical data and a lineup of cutting-edge technologies, exemplified by the Integra-D™ trial featuring the groundbreaking single device that integrates our CCM® technology with implantable cardioverter defibrillator (ICD) technology. I look forward to working closely with the board and the leadership team to optimize the company for its next phase of commercial acceleration.”

“I am honored to join the board of an organization that has showcased substantial contributions to the advancement of heart failure treatment,” said Shlomi Nachman. “Over 64 million people suffer from heart failure, and many of those treated are not experiencing the higher quality of life they deserve. With CCM therapy and its future product pipeline, we are in the exciting position of being able to help millions of these patients to feel better and lead fuller lives,” Nachman added. “I’m looking forward to working with the leadership team and the board to ensure a direct path to ongoing innovation and commercial success.”

“I’ve been watching Impulse Dynamics and its technology from the sidelines for many years, and I am excited to now be able to join the team,” said Liddicoat. “I look forward to working with a strong leadership team to lead innovation-driven growth as we aim to enhance the standard of care for heart failure patients across the globe.”

Jason Spees joined the company as President and Chief Commercial Officer in July 2021. He brings more than two decades of successful leadership roles in the medical device industry. Spees was most recently Senior Vice President of Sales and Marketing for Biotronik in the areas of cardiac rhythm management, cardiovascular intervention, peripheral vascular intervention, diagnostics, and digital health. Prior to Biotronik, Spees was the Chief Commercial Officer of Preventice Solutions, along with multiple leadership positions, including Vice President of Sales for Boston Scientific. He holds a B.S. in Operations Research and Engineering from the United States Air Force Academy and an M.A. in Public Management – Finance from the University of Maryland.

Shlomi Nachman was the Company Group Chairman of Cardiovascular and Specialty Solutions and Visions Group within Johnson & Johnson’s Medical Devices sector. Nachman was a member of the Medical Devices Group Operating Committee, where he led a diverse portfolio of six medical device businesses, including Electrophysiology, Neurovascular Intervention, Ear, Nose & Throat, Breast Aesthetics, Optometry and Ophthalmology. Before that, Nachman had various roles with increased scope and responsibilities, including Worldwide President of Biosense Webster and Cordis. His career at Johnson & Johnson spanned over 27 years, comprising multiple leadership positions with a proven track record of success that has recognized the ability to drive growth, innovation, and architect business turnarounds. Additionally, Nachman has accrued deep knowledge in all aspects of medical devices, such as general management, strategy, L&A, finance, product development, operations, sales and marketing, and research and development. Nachman was born in Israel and holds a B.S. in Management and Economics from the Technion Institute, as well as a diploma in electrical engineering from the Amal Technical School.

John Liddicoat brings a history of transformational leadership focused on execution. He spent 16 years at Medtronic, driving the strategic direction and global operations of increasing size and scope, including the Structural Heart, Cardiac Rhythm, and Heart Failure businesses. In his most recent role as Executive Vice President and President of the Americas region and the Enterprise Innovation and Technology function, he was responsible for designing and implementing go-to-market strategies to deliver above-market growth across North and South America. Liddicoat graduated medical school from the University of Chicago, completed a residency in general and cardiothoracic surgery at Johns Hopkins Hospital, and served on the faculty of Harvard Medical School. An innovator and entrepreneur, he has also served as a consultant to venture capital firms and early-stage medical device companies.

About the Optimizer® Integra CCM-D™ System and CCM® Therapy

The Optimizer Integra CCM-D System is an investigational device that combines CCM therapy and ICD therapy into one device. This device is being used in an FDA-approved Investigational Device Exemption (IDE) study and is not available for sale in the United States.

Impulse Dynamics currently offers the Optimizer system that is FDA-approved and CE-marked. The Optimizer system delivers CCM therapy — the company’s proprietary technology — to the heart. CCM therapy has been designed by Impulse Dynamics to improve the heart’s contraction, allowing more oxygen-rich blood to be pushed out through the body. CCM therapy is indicated to improve the 6-minute hall walk, quality of life, and functional status of NYHA Class III heart failure patients who remain symptomatic despite guideline-directed medical therapy, are not indicated for CRT, and have a left ventricular ejection fraction ranging from 25 to 45 percent.

CCM therapy delivers non-excitatory electrical pulses from the implantable Optimizer device in a manner designed to improve heart contraction. CCM therapy sends unique electrical pulses to the heart cells during their absolute refractory period. Impulse Dynamics has completed numerous clinical studies, including several randomized controlled trials, and CCM therapy has been published in more than 120 peer-reviewed journal articles.

About Impulse Dynamics

Impulse Dynamics is dedicated to advancing the treatment of heart failure for patients and the healthcare providers who care for them. The company pioneered its proprietary CCM therapy, which uses the Optimizer technology platform to improve quality of life in heart failure patients. CCM therapy is delivered through the Optimizer system, which includes an IPG implanted in a minimally invasive procedure and approved for commercial use in the United States and 44 countries worldwide. More than 9,000 patients have received the therapy as part of clinical trials and real-world use, where it is proven to be safe and effective for heart failure patients with debilitating symptoms who otherwise have few effective options available to them. To learn more, visit www.ImpulseDynamics.com or follow the company on LinkedInTwitter, and Facebook.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expect,’’ ‘‘plan,’’ ‘‘anticipate,’’ ‘‘could,’’ ‘‘intend,’’ ‘‘target,’’ ‘‘project,’’ ‘‘contemplate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘predict,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements include, but are not limited to, statements concerning potential benefits of CCM therapy, and CCM therapy combined with an ICD delivered via a single device (CCM-D), and the absence of risks associated therewith; the ability for CCM therapy and our products to fill a significant unmet medical need for patients with heart failure; and the short-term and long-term benefits of the Optimizer Integra CCM-D System and CCM therapy in patients with heart failure, as well as to the physicians treating those patients. These forward-looking statements are based on management’s current expectations and involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Other important factors that could cause actual results, performance or achievements to differ materially from those contemplated in this press release include, without limitation: the company’s future research and development costs, capital requirements and the company’s needs for additional financing; commercial success and market acceptance of CCM therapy; the company’s ability to achieve and maintain adequate levels of coverage or reimbursement for Optimizer systems or any future products the company may seek to commercialize; competitive companies and technologies in the industry; the company’s ability to expand its indications and develop and commercialize additional products and enhancements to its current products; the company’s business model and strategic plans for its products, technologies and business, including its implementation thereof; the company’s ability to expand, manage and maintain its direct sales and marketing organization; the company’s ability to commercialize or obtain regulatory approvals for CCM therapy and its products, or the effect of delays in commercializing or obtaining regulatory approvals; FDA or other U.S. or foreign regulatory actions affecting us or the healthcare industry generally, including healthcare reform measures in the United States and international markets; the timing or likelihood of regulatory filings and approvals; and the company’s ability to establish and maintain intellectual property protection for CCM therapy and products or avoid claims of infringement. The company does not undertake any obligation to update forward-looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein. These forward-looking statements should not be relied upon as representing the company’s views as of any date subsequent to the date of this press release.

Rohan More, Global Vice President of Marketing
Impulse Dynamics
856-642-9933
rmore@impulsedynamics.com

Ian Segal, Public and Media Relations Manager
Impulse Dynamics
856-642-9933
isegal@impulsedynamics.com

GlobeNewswire Distribution ID 8924737

George Mason University is Virginia’s Top University for Social Mobility and a Top 50 National Public University

Fairfax, VA, Sept. 18, 2023 (GLOBE NEWSWIRE) — Multiple national college rankings released in recent weeks have placed George Mason University among America’s top 50 public universities, top 100 among all public and private institutions, and Virginia’s No. 1 university for social mobility. Released today, U.S. News & World Report’s Best Colleges 2024 rankings puts […]

Fairfax, VA, Sept. 18, 2023 (GLOBE NEWSWIRE) — Multiple national college rankings released in recent weeks have placed George Mason University among America’s top 50 public universities, top 100 among all public and private institutions, and Virginia’s No. 1 university for social mobility.

Released today, U.S. News & World Report’s Best Colleges 2024 rankings puts Mason at #51 among all public universities and #105 among all universities nationwide. Mason retains its top 20 ranking position for innovation and improved to a top 50 (#49) university for veterans, according to these national rankings.

“The rankings are confirming what we here at Mason and Virginians have known for some time; based on our performance, George Mason University is one of America’s top 50 public universities,” Mason President Gregory Washington said. “Further, today’s rankings reflect the value and performance families are looking for from a college education, and Mason’s year-over-year enrollment increases and placement of our graduates confirm that we are now a destination for graduates from Virginia and beyond.”

Overall rankings 

Mason is now a top 50 public university in the Wall Street Journal Best Colleges in the U.S. (#33, up from #95) and Forbes America’s Top Colleges (#40). In addition, U.S. News & World Report put Mason in a tie at #51 (up from #64) among public universities, and Washington Monthly National University Rankings ranked Mason 60th among public universities.

Among all universities, both public and private, Mason earns a tied ranking of 105th from U.S. News (up from #137), 95th with the Wall Street Journal (up from #179 in 2021), 93rd with Forbes, and 91st with Washington Monthly (up from #94).

Social mobility

The most significant change in this year’s rankings is the addition of social mobility factors to ranking methodologies, in recognition of growing public demand for more affordable, inclusive, and accessible universities. Mason places No. 1 in Virginia across all rankings that measure social mobility. Among public universities nationwide, Mason ranks #41 with the Wall Street Journal and #34 with Washington Monthly, both for social mobility, and #19 in the New York Times Top U.S. Colleges with the Greatest Economic Diversity.

“All students deserve access to a college education and experience that will deliver on a promise to transform their lives and set them up for lifelong success. Mason delivers in access, innovation, excellence, and opportunity. We are not just in the education business—we are in the success business,” added Washington.

Other national recognitions 

These high-profile rankings follow other recent scores that highlight Mason for being one of America’s most inclusive and welcoming universities. FIRE, the Foundation for Individual Rights and Expression, updated its rankings this month, naming Mason No. 8 in the nation for First Amendment observation, up from 17th last year.

Campus Pride also gave Mason its “Best of the Best” designation again for offering safe and welcoming campuses to the LGBTQ+ community, one of just 30 universities in the nation and the only university in Virginia to earn this distinction.

“The measurements of success are starting to change to favor institutions that are more inclusive and less exclusive,” Washington said. “That adjustment is long overdue. Mason is all about helping hard-working students reach their Point B, no matter where their Point A happens to be.”

The university’s total student enrollment has surpassed 40,000 this year, a first for the Commonwealth of Virginia, including the largest freshman class in school history with 4,500 students. Mason’s graduation rates are higher than the national average. In addition, 86% of recent graduates are employed in the greater Washington, D.C. area and 89% in positions related to their career goals.

Currently, about one in four Mason students is in the first generation of their family to attend college, and a slightly higher percentage of Mason students qualifies for Federal Pell Grants, which are awarded to undergraduates with exceptional financial need.

This year, U.S. News also ranked several of Mason’s undergraduate programs in the top 100 nationally, including business, economics, psychology, computer science, and teaching.

Over the years, Mason has been recognized in the numerous college rankings as Virginia’s top public university for diversity, innovation, cybersecurity, homeland security, service to military veterans, and service to students outside the traditional college ages. Check out all of Mason’s updated rankings: gmu.edu/news/rankings.

About George Mason University

George Mason University is Virginia’s largest public research university. Located near Washington, D.C., Mason enrolls more than 40,000 students from 130 countries and all 50 states. Mason has grown rapidly over the past half-century and is recognized for its innovation and entrepreneurship, remarkable diversity, and commitment to accessibility. In 2023, the university launched Mason Now: Power the Possible, a one-billion-dollar comprehensive campaign to support student success, research, innovation, community, and sustainability. www.gmu.edu.

John Hollis
George Mason University
jhollis2@gmu.edu

GlobeNewswire Distribution ID 8924300

UNGA 78: UN Secretary-General convenes climate ambition summit

The United Nations Secretary-General, Antonio Guterres will on Wednesday convene a Climate Ambition Summit as part of the 78th United Nations General Assembly (UNGA) in New York.Guterres stated this on the official UN website, noting that the summit w…

The United Nations Secretary-General, Antonio Guterres will on Wednesday convene a Climate Ambition Summit as part of the 78th United Nations General Assembly (UNGA) in New York.

Guterres stated this on the official UN website, noting that the summit will be convened alongside the second SDG Summit which aims to accelerate action at the mid-way point of the SDGs.

The summit represents a critical political milestone for demonstrating that there is collective global will to accelerate the pace and scale of a just transition to a more equitable renewable-energy based, climate-resilient global economy.

“To accelerate action by governments, business, finance, local authorities and civil society, the UN Secretary-General is convening a Climate Ambition Summit on Sept. 20.

“By showcasing “first movers and doers” who are responding to his call for accelerated climate action, the Summit champions leadership, solutions and ambitious action that are driving the transition to a more sustainable, equitable, climate-resilient global economy.

“As a critical political milestone ahead of COP28, the Summit calls for unprecedented levels of acceleration and cooperation to cut greenhouse gas emissions and protect lives and livelihoods,” he said.

The climate Action Summit presents an opportunity for decisive progress on climate action and to raise the bar for more timely and targeted efforts.

The News Agency of Nigeria (NAN) reports that Nigeria’s President Bola Tinubu will on Tuesday address world leaders at the ongoing 78th UNGA.

His address will centre on sustainable development, climate change, global cooperation and the imperative to address inequalities and global humanitarian crises.

The theme for the 78th session of UNGA is: “Rebuilding Trust and Reigniting Global Solidarity: Accelerating Action on the 2030 Agenda and it’s Sustainable Development Goals towards peace, prosperity, progress and sustainability for all.” (NAN)(www.nannews.ng

Source: News Agency of Nigeria

Corruption depletes national wealth, erodes trust – Fagbemi

Mr Lateef Fagbemi, the Attorney General of the Federation and Minister of Justice, has described corruption as a major challenge which depletes national wealth and erodes trust in the system.Fagbemi said this in Abuja at the senstitisation workshop on…

Mr Lateef Fagbemi, the Attorney General of the Federation and Minister of Justice, has described corruption as a major challenge which depletes national wealth and erodes trust in the system.

Fagbemi said this in Abuja at the senstitisation workshop on the revised guidelines on negotiation and drafting agreements by government parties to prevent corruption, Illicit Financial Flows (IFFs) and ensure sustainable development.

The workshop was organised on Tuesday by the Independent Corrupt Practices and Other Related Offences Commission (ICPC)

“Corruption is indeed a challenge to the rule of law and it is undoubted that the political system loses its legitimacy when power is used for private advantage.

“It depletes national wealth and erodes trust in the system,” he said.

Fagbemi, who noted that there could not be any substantial development without stemming corruption, said that the Federal Government is poised to tackle the menace headlong in the nation.

He observed with concern that corruption is being promoted by IFFs and arbitrary award of contracts.

He said that Federal Government is working towards promoting more effective and transparent management of public resources as well as well-functioning institutions to combat IFFs.

Fagbemi said that government had put in place measures to deter corruption in negotiation and execution of contracts.

“The government has taken measures aimed at ensuring that all contracts within Federal Executive Council’s threshold are properly vetted.

“As we have discovered that a major source of drain on our national purse is the increasing utilization of litigation and arbitration.

“This is sometimes funded by litigation sharks, to foist contracts and agreements that were ab initio procured through bribery and corruption on Nigeria,” he said.

According to him, one thing is however clear, there can be no sustainable development without stemming corruption and IFFs.

He noted that key to fighting corruption and IFFs is the methodology of approach.

“Experience has however shown that law and order approach alone is not sustainable. Effectiveness and efficiency require a nuance combination or well-tailored mixture of governance reforms, prevention and sanctions.

“It is estimated that Nigeria loses an average of $1-18 billion annually to illicit financial flows, more than 60 per cent of which is due to commercial IFFs which would be largely prevented with capable negotiation, drafting transparency and patriotic zeal.

“Consequently, the methodology adopted with this workshop is a preventive effort aimed at enlightening key stakeholders charged with the responsibility of negotiating contracts on behalf of Government in the contents of the Revised Guidelines.

“This would hopefully deter corruption in negotiation and execution of Government contracts, which is part of the Federal Government’s Ministerial deliverables on Improved Governance for Effective Service Delivery,” he said.

According to him, the Federal Ministry of Justice is therefore committed to supporting initiatives undertaken by MDAs which are aimed at engendering transparency, efficiency and preventing corruption.

“Equally at the ministerial level, the ministry has developed policy documents and specific mechanisms to ensure transparency and reduce incidence of bad judgment awards.

“Which always arise from poor drafting or drafting of Federal Government Contracts with malafide intention against the country and its citizenry, particularly as it relates to contracts within the threshold of the Federal Executive Council,” he said.

The Chairman of ICPC, Prof Bolaji Owasanoye, noted that Nigeria had continued to experience corruption, IFFs, litigation and arbitral proceedings that could have been avoided with specific guidelines, better negotiation skills, aptitude, patriotism and professionalism.

“Information in the public domain shows that odious contract terms through which Nigeria has been fleeced through IFFs were oiled by a combination of bribery and corruption, competence and capacity deficiency.

“Also through negligence of negotiators, unpatriotic legal professional services in the chain of drafting, negotiating, signing, and contesting litigation or arbitration arising from some of such agreements,” he said.

He said that the workshop was to provide guidance on how to prevent corruption and IFFs in the course of negotiating and drafting of contracts and agreements in doing government business.

“The guidelines that this sensitization workshop is grounded upon was reviewed by experts, improved upon and tested via different capacity building activities implemented by ICPC between 2019 and 2022.

“This is done with local and international experts in furtherance of ICPC mandates of preventing corruption and advising MDAs on ways of minimizing corruption and adopting systems and processes for better efficiency and transparency,” he said.

Amb. Yonov Agah, Director-General/Chief Trade Negotiator, Nigerian Office for Trade Negotiations (NOTN), lauded ICPC for the production and dissemination of the guidelines to the wider public and relevant stakeholders.

He said the guidelines also underscore the unwavering resolve to uproot corruption and ensure the prudent utilisation of public resources.

He said this would cultivate an environment not only conducive for sustainable economic growth and development, but also a better future for the country.

He said that crafted guideline is a navigational tool capable of safeguarding the national interest against possible corrupt practices, while drafting and negotiating agreements.

“This important tool should ensure that agreements in Nigeria serve as blueprints for progress rather than as fertile grounds for corruption and illicit activities,” he said(NAN)(www.nannews.ng)

Source: News Agency of Nigeria

IMF/World Bank meetings to hold in Morocco despite devastating earthquake

The managements of the World Bank and International Monetary Fund (IMF), together with Moroccan authorities have agreed to hold their 2023 Annual Meetings in Marrakech in spite of the recent devastating earthquake in the country.This is contained in …

The managements of the World Bank and International Monetary Fund (IMF), together with Moroccan authorities have agreed to hold their 2023 Annual Meetings in Marrakech in spite of the recent devastating earthquake in the country.

This is contained in a joint statement signed by World Bank President, Ajay Banga; IMF Managing Director, Kristalina Georgieva; and Kingdom of Morocco Minister of Economy and Finance, Nadia Alaoui.

They, however, said that the meetings, scheduled between Oct. 9 and Oct. 15, would hold by “adapting the content to the circumstances”.

“Since the devastating earthquake in Morocco on Sept. 8, the World Bank and the IMF staff have worked in close coordination with the Moroccan authorities and a team of experts to thoroughly assess Marrakech’s capacity to host the 2023 Annual Meetings.

“In undertaking this assessment, key considerations were that the meetings would not disrupt vital relief and reconstruction efforts, and that the safety of the participants can be assured.

“Based on a careful review of the findings, the Managements of the World Bank and IMF, together with the Moroccan authorities, have agreed to proceed with holding the 2023 Annual Meetings in Marrakech from Oct. 9 to Oct. 15,” they said.

According to them, the meetings would be conducted in a way that does not hamper the relief efforts, and respects the victims and Moroccan people.

“At this very difficult time, we believe that the annual meetings also provide an opportunity for the international community to stand by Morocco and its people, who have once again shown resilience in the face of tragedy.

“We also remain committed to ensuring the safety of all participants,” they said.

NAN reports that the World Bank plays a key role in the global efforts to end extreme poverty and boost shared prosperity.

Working in more than 100 countries, the bank provides financing, advice, and other solutions that enable countries to address the most urgent challenges of development.

The IMF is a global organisation that works to achieve sustainable growth and prosperity for all of its 190 member countries.

It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increasing productivity, job creation, and economic well-being. (NAN)(www.nannews.ng)

Source: News Agency of Nigeria