When the United Nations drew up its list of Millennium Development Goals (MDG)to eradicate poverty, the 2015 deadline seemed generous. But, as of this month, that deadline is just two years away and the consensus among world leaders is that the work is by no means done.
The eight goals – which range from reducing child mortality to combatting HIV/Aids and malaria – each contain a number of targets, some of which have been reached, while others remain elusive.
One such is the commitment to universal primary education, which will be the subject of a public roundtable discussion at the New York University Abu Dhabi, moderated by J Lawrence Aber, the Willner Family Professor in Psychology and Public Policy at NYU. The Humanitarian and Development Aid for the World’s Children: Perspectives from the UAE event at 6.30 to 8pm this Wednesday (January 8) will focus on how aid can be used most effectively to promote children’s education and development in the post-2015 era.
“The post-2015 goals are being debated now and are critically important to get right,” Abner writes from New York. “The challenge facing the global community post-2015 is different from the MDG challenge.
“It is easier to ensure all children access to primary education than it is to ensure that all children actually learn. This challenge requires the kind of rigorous and relevant research that we hope to promote at this workshop.”
The key to translating financial donations into programmes that will actually improve the quality of children’s education and promote social-emotional development in the future is to use the best evidence-based, scientific approaches available today, Abner says.
“The workshop will bring together a broad and interdisciplinary group of researchers and program developers who together are identifying ‘evidence-based’ strategies together with representatives of NGOs who strive to take such approaches to scale.”
In addition to targeted research, funding will be critical and the UAE is rare in the current economic climate for its continuing commitment to financial aid. According to the UAE Ministry of Foreign Affairs, the emirates has contributed more than Dh255bn in loans, grants and assistance for development projects in almost 100 countries over the past 35 years. And a further Dh100bn has been made available through the IMF and the World Bank. In 2012, the UAE was the world’s 16th-largest donor of foreign aid, spending Dh5.83 billion in 137 countries, according to the OECD.
Post 2015, leadership and funding will be a powerful combination. “The UAE has committed to expanding its humanitarian and development aid at a time when many other nations of the world are pulling back,” Abner writes. “UAE leadership will be invaluable in generating the resources to address the post-2015 development goals like ‘learning for all’.”
The UAE’s resources currently flow through organisations such as Dubai Cares, set up in 2007 and now one of the most prolific philanthropic organisations in the country. Launched by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, it focuses on goals 2 and 3 – to guarantee universal primary education and to promote gender equality.
It claims to have so far reached out to more than 7 million children, renovated or built more than 1,500 schools and classrooms, distributed more than two million textbooks, and helped 22,500 children get access to fresh water through five Water, Sanitation and Hygiene (WASH) schemes. The Emirates Red Crescent has also distributed more than Dh6bn over the last three decades.
The post-2015 era is high on the UN’s own agenda. The UN Secretary General has said that any action plan post-2015 needs to be “bold in ambition yet simple in design”.
“It needs to be rights-based, with particular emphasis on women, young people and marginalised groups,” Ban said at a September 2013 conference. “And it must protect the planet’s resources, emphasise sustainable consumption and production and support action to address climate change.”
munderwood@thenational.ae
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
The Library: A Catalogue of Wonders
Stuart Kells, Counterpoint Press
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The specs
Engine: 3.9-litre twin-turbo V8
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BUNDESLIGA FIXTURES
Friday (All UAE kick-off times)
Borussia Dortmund v Eintracht Frankfurt (11.30pm)
Saturday
Union Berlin v Bayer Leverkusen (6.30pm)
FA Augsburg v SC Freiburg (6.30pm)
RB Leipzig v Werder Bremen (6.30pm)
SC Paderborn v Hertha Berlin (6.30pm)
Hoffenheim v Wolfsburg (6.30pm)
Fortuna Dusseldorf v Borussia Monchengladbach (9.30pm)
Sunday
Cologne v Bayern Munich (6.30pm)
Mainz v FC Schalke (9pm)
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.