International
US calls for ‘global effort’ to combat cybercrime
AFP
A top US Treasury official on Tuesday called for a “global effort” to combat cyberattacks and to prevent criminals from holding computer systems for ransom.
“It’s going to be critical that we not only do this in the United States, but that we have a global effort because many of these cyber criminals are domiciled outside of our country,” Deputy Treasury Secretary Wally Adeyemo said.
Governments, companies and individuals must focus on cybersecurity “to prevent criminal actors from being able to get into their system, and potentially use them to ransom.”
He testified before the Senate Banking Committee to present a Treasury report showing that growing use of cryptocurrencies outside of traditional payments systems undermines the effectiveness of US economic sanctions.
“Our goal ultimately, is to make sure that payments do not flow into the hands of criminal actors and … don’t flow into the hands of those people who have been sanctioned by the United States,” Adeyemo said.
Treasury sanctions work by blocking targets — individuals, government officials or companies — from using the US financial system, which in effect cuts them off from banking or profiting from trade in most of the world.
But the Treasury review said digital currencies and alternative payment platforms provide a way to skirt sanctions by moving funds and hiding profits outside the traditional dollar-based financial system.
The official said “it is true” that China is “trying to find means around our financial system to avoid sanctions.”
But “by taking actions in unison with other countries” governments are better able to “hold our adversaries accountable for actions that they take that are in violation of international laws and norms,” he said.
Asked about Afghanistan, Adeyemo said it is “essential” to maintain economic sanctions against the Taliban but also to “find ways for legitimate humanitarian assistance to get to the Afghan people.”
“I see under no situation in which we would allow the Taliban to have access to the reserves that belong to the Afghan people,” he said, referring to Washington’s decision to withhold about $9 billion of the nation’s reserves held overseas.
The Treasury report showed use of sanctions increased tenfold over the past two decades since the attacks of September 11, 2001, with 9,421 designations this year compared to just 912 in 2000.
International
Trump to decide soon on deportation exemptions for construction and farm workers
U.S. President Donald Trump stated on Tuesday in Florida that he will make a decision in the coming weeks regarding exemptions from deportations for workers in the construction and agriculture sectors.
Trump made these remarks to the media during a visit to the new migrant detention center, ‘Alligator Alcatraz,’ located in the middle of a wetland in Florida, the White House reported.
ICE (Immigration and Customs Enforcement) raids have targeted many of these workers, sparking fear among them and threatening to slow down two sectors that are vital to the U.S. economy.
In construction, 25.7% of workers are immigrants, and 14.1% of the total workforce nationwide is undocumented, according to the American Immigration Council.
In agriculture, the percentage of undocumented employees rises to 42%, according to data from the Department of Agriculture cited by the New York Times.
International
IDB plans $11 billion in sustainable financing to support countries facing currency risks
The Inter-American Development Bank (IDB) aims to unlock at least $11 billion in sustainable financing to help countries address challenges including natural disasters that strain their currencies and hinder private sector investment.
As the United States and other wealthier countries reduce official development assistance, multilateral lenders face pressure to find new ways to tackle issues such as climate change and biodiversity loss. During the Fourth International Conference on Financing for Development, IDB President Ilan Goldfajn stated that the measures adopted by the IDB are expected to inspire more private sector contributions, which is a key priority of the conference.
“We are not just announcing ideas; we are launching what the private sector is asking for: credible tools, scalable platforms, and real opportunities to invest with impact and confidence,” he added.
Support will include a new platform designed to help countries manage the risk of large swings in their national currencies that can deter international investors by making returns harder to predict. Based on a program in Brazil that has already attracted $8 billion from the private sector since its launch last year, the plan is to expand the concept to other regional economies over the next three years and at least double the amount mobilized.
Called FX EDGE, the platform will offer a credit line that activates if a currency drops sharply—a common problem during political or debt crises or after natural disasters—ensuring debtors can continue to service their loans in dollars or other foreign currencies.
The platform also aims to enable greater use of long-term currency hedging instruments, such as derivatives, through local banks and financial institutions, backed by the IDB’s credit rating.
International
Maduro’s government appeals to Vatican for help rescuing migrant children
Este lunes, durante su programa semanal ‘Con Maduro +’, el mandatario venezolano anunció que pediría al sumo pontífice su ayuda para rescatar a 18 niños migrantes.
“Yo sé que el papa es un hombre que comprende estos temas. Le pido ayuda a la Iglesia católica, apostólica y romana, al papa León, para que la Iglesia católica de Estados Unidos y la Iglesia católica de El Salvador proteja a los migrantes y nos ayude con sus gestiones para rescatar a estos niños y a estas niñas”, indicó Maduro en el espacio transmitido por VTV.
Más temprano, Rodríguez había pedido al alto comisionado de la ONU para los Derechos Humanos, Volker Türk, y al coordinador residente de la ONU en Venezuela, Gianluca Rampolla, pronunciarse sobre este hecho y exigió a Washington devolver a los pequeños.
Trump to decide soon on deportation exemptions for construction and farm workers
IDB plans $11 billion in sustainable financing to support countries facing currency risks
Maduro’s government appeals to Vatican for help rescuing migrant children
Tec de Monterrey honors one of its students for his contribution to nanotechnology in medicine
Defense Minister commends salvadoran soldier for Central American Cross Country victory
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