By Robert Johnson

LONDON (IDN) – An estimated $21 to $32 trillion of private financial wealth is located, untaxed or lightly taxed, in secrecy jurisdictions around the world as the Financial Secrecy Index names tax havens, which play a key role in facilitating the illicit flow of money across borders.

From the Lava Jato scandal to the Panama and Paradise Papers, time and again attention has been drawn to the pernicious role of offshore territories. In fact, if counted together, the United Kingdom and its Overseas Territories and Crown dependencies would top the Financial Secrecy Index, given the staggering scale of their undisclosed financial activities.…

By Prossy Nandudu

KAMPALA (ACP-IDN) – With the African population expected to increase by roughly 50 percent over the next 18 years to over 1.8 billion in 2035, demands for mineral resources will also climb sharply to meet the need for additional housing units, roads, energy and other urban infrastructure using development minerals, averred Dr Patrick Gomes, Secretary General of the African, Caribbean, Pacific (ACP) Group of States.

“In most ACP countries, growth rates are recorded due to the construction, mining and transport sectors. Interventions in this sector may be an effective way to help countries achieve the UN’s Sustainable Development Goals (SDGs) by 2030,” he told a high-level ministerial meeting of the Group at the ACP Secretariat early this year in Brussels.…

By Ramesh Jaura

BERLIN | STOCKHOLM (IDN) – Countries around the world are increasing their military expenditure. While the 29 NATO members together account for 52 per cent of world spending and the United States continues to have the highest military expenditure among them, China, India and Saudi Arabia are contributing the lion’s share of the continuing growth.

Total military expenditure rose to $1739 billion in 2017. Though this whopping amount marked a marginal increase of 1.1. percent on 2016, it comprised 2.2 per cent of global gross domestic product (GDP) or $230 per person, according to new figures from the Stockholm International Peace Research Institute (SIPRI).…

By J Nastranis

UNITED NATIONS (IDN) – “The holy scriptures of the Koran, Bible, Torah, the Bhagwad Geeta or the Lotus Sutra” underline “the vital importance to unite the efforts of political and religious leaders for the cause of security and stability across our planet,” said Kazakhstan’s Vice-Minister for Religious Affairs and Civil Society, Berik Aryn, in a keynote address at an event organized by the Kazakh Permanent Mission to the UN in partnership with the United Nations Alliance of Civilizations (UNAOC).

He was speaking on behalf of Kassym-Jomart Tokayev, the Chairman of the Senate of the Parliament of the Republic of Kazakhstan, and Head of the Secretariat of the Congress of the Leaders of World and Traditional Religions, Kazakhstan’s interfaith initiative launched in 2003.…