23 January 2009United Nations agencies and their partners today issued an appeal for nearly $40 million to bring humanitarian relief to over 300,000 people in Côte d’Ivoire. The money is expected to fund 17 projects as part of the strategic humanitarian priorities identified for the West African nation for 2009, which are to protect internally displaced persons (IDPs) and improve vulnerable people’s nutrition.Aid workers have focused on assisting the uprooted who are returning to their homes, especially in Côte d’Ivoire’s west. They are also working to help children suffering from severe acute malnutrition.The 2007 Ouagadougou Agreement, the political accord reached in neighbouring Burkina Faso that aims to reconcile the Government and the rebel Forces Nouvelles, heralded a new era of political and humanitarian development in Côte d’Ivoire.To safeguard the progress made in the country since the signing of the pact, Secretary-General Ban Ki-moon has recommended extending the mandate of the UN peacekeeping force there, known as UNOCI, for another six-month period.“While the country currently enjoys increased stability, the delicate electoral process, including the post-electoral period, and the implementation of the remaining tasks of the peace agreement require that UNOCI maintain its core capabilities,” Mr. Ban wrote in his latest report on Côte d’Ivoire.
Intact Financial Corp. to buy U.S. specialty insurer for US$1.7 billion by The Canadian Press Posted May 2, 2017 3:20 pm MDT Last Updated May 2, 2017 at 4:40 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TORONTO – Intact Financial Corporation (TSX:IFC) says it has reached a US$1.7-billion deal to buy OneBeacon Insurance Group, Ltd., a U.S. specialty insurer.Under the terms of the all-cash deal, OneBeacon shareholders will receive US$18.10 cash per common share, a 14 per cent premium based on OneBeacon’s closing stock price on the NYSE of US$15.89 as of May 1, and a 15 per cent premium to the volume weighted average price over the last 30 days.In addition, OneBeacon debt of approximately US$275 million will remain outstanding.Pending approval by OneBeacon’s shareholders, Toronto-based Intact says the acquisition will make it a North American leader in specialty insurance with more than C$2 billion of annual premiums.Intact says the deal will bolster its Canadian business with new products and cross-border capabilities, and better positions Intact to compete with international insurers.
Addressing the Assembly’s annual general debate, Nasser Bourita cited a raft of global ills, and noted that while globalization has driven the international economy it has also increased employment instability and widened the economic gaps between and within nations. Similarly, the Internet has created unprecedented opportunities for growth and development but it has also provided a space for extremists and terrorist groups to promote their nefarious aims. “All this means our collective working mechanisms need to be reformed,” said Mr. Bourita, stressing that Morocco is convinced that a global organization that is effective and truly multilateral can help solve the problems the world is facing. Morocco is equally convinced that Africa can no longer be seen as a burden on the global community – the continent must play its role in tackling global challenges, including broader development. “Africa has not held its rightful place in the [international arena]. It should not be dealt with based only on how much assistance it receives, or how “many agenda items it takes up” at UN meetings. Indeed, Africa is imbued with immense human and natural resources. In that regard, Morocco viewed South-South cooperation as a major opportunity for forming development partnerships that could assist African countries, bolster foreign direct investment and increase African participation, with increased equal footing, in global mechanisms. Full statement available (in Arabic) here