World leaders need to see health budgets as an investment in their people, not a cost burden, Dubai forum told

Dr. Michael Ryan, executive director of the WHO Health Emergencies Programme (L), said leaders must seen health funding as an investment and not a burden at WGS 23. (AFP/Reuters/File Photos)
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Updated 14 February 2023
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World leaders need to see health budgets as an investment in their people, not a cost burden, Dubai forum told

  • WHO official warns World Government Summit that countries must learn lessons from COVID-19 pandemic ‘to make sure we don’t face a disaster like this again’
  • UAE minister tells forum climate change is causing 250,000 additional deaths per year and will add billions to global health costs by 2050

DUBAI: Governments need to look at health provision as an investment in their people and not simply as a cost burden, a leading World Health Organization official has said.

“Until that happens, we’re not going to get anywhere,” Dr. Michael Ryan, executive director of the WHO Health Emergencies Programme, said.

Ryan told a session on “Sustaining Health: An Agenda For All” at the World Government Summit on Tuesday that it was important for all countries to invest not just with money, but in ideas and innovation, and where other nations had shortfalls, to help them, too.

“For too long we have seen health provision as a cost and not as an investment and until we do we are not going to get anywhere,” Ryan told a hall filled with delegates, mostly employed in the health sector.

But he also called on world leaders to remember what they learned and experienced from events such as the COVID 19 pandemic.

“In my experience, in a crisis everyone makes promises to change — but the truth is people move on and they forget. I don’t think we have learned yet from the lessons.”

Every country needs a national health emergency plan, he added.

“A lot of countries will need help doing that,” Ryan told delegates, adding: “We are only as prepared as the least prepared country.

“We are all responsible for our own populations, but part of the responsibility is a global deal with different things being worked on in different places.”

He said countries needed to share their specialisms with other nations around the world.

Reflecting on the past four years and the pandemic, he said: “We need a new promise for the future and we need governments to make sure that promise is kept. We need governments to make sure we don’t face a disaster like this again.”

Speaking earlier, the UAE Minister of Health and Prevention, Abdulrahman Al-Owais, told delegates that there was now a new question relating to “how we maintain a sustainable preparedness for threats to health.”

He said there was an important focus on health resilience, ensuring that countries responded effectively while maintaining effective health services.

A number of factors are affecting health in the world, including climate change, which caused 250,000 additional deaths per year — its direct impact on health would cost $2 billion to $4 billion by 2050.

Al-Owais said there is also a need for the general population to be given the confidence to trust their own and world leaders when handling incidents such as a global pandemic.

The minister said he believed that in the UAE the handling of COVID-19 was effective. He said the private sector very quickly developed vaccinations.

“The population of the UAE, which has at least 200 nationalities living here, did not question the government when vaccinations were made available. Instead they went to the centers and had them.”

Production of vaccines showed governments could work closely with the private sector when it comes to the world’s health, he said.

 While many countries around the world enforced strict lockdowns and limited movement, Egypt did not — there have been nearly 515,700 known cases of COVID-19 and 24,809 deaths.

Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, said there needed to be more focus on research and development, globally.

He mirrored his fellow panelists’ calls for global unity.

“No one nation can solve these problems. We need to work together to make sure that no one (country) is left behind,” Ghaffar said.

“There is no playbook from COVID. We need to share what we have learned as different nations, so we can prepare for different risks we face in the future.”

Referring to Ryan’s earlier comments, he added: “I am only afraid that we forget very easily as human beings.”

But the panel agreed that artificial intelligence could be used to better predict future health risks and map out their likely paths.

“We managed to create enough data to be aware of what we needed to be prepared for the pandemic,” Ghaffar said.

Egypt had already been able to use data the government and health professionals held on local communities, which assisted in the decision not to introduce a lockdown.

Ghaffar said it was important to address funding. “We need to think about funding that is sustained for health, not just during crisis”

He said the challenge in Egypt was especially difficult because local populations were so large.

Learning to cope with health issues, such as COVID-19, posed many challenges for Egypt and the wider world, with the lack of a template on how to cope leaving most governments guessing as to what should be done.


Rising energy prices from the Iran war could help Russia pay for fighting in Ukraine

Updated 8 sec ago
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Rising energy prices from the Iran war could help Russia pay for fighting in Ukraine

  • Prices for Russia’s oil exports have risen from under $40 per barrel as recently as December to about $62 per barrel
  • The halt in production of ship-borne liquefied natural gas, or LNG, by major supplier Qatar will sharply increase global competition for available cargoes — including those from Russia

FRANKFURT: The Iran war’s disruption of Middle East oil and gas supplies and soaring prices are strengthening Russia’s ability to profit from its energy exports, a pillar of the Kremlin’s budget and a key to paying for its own war in Ukraine.
Prices for Russia’s oil exports have risen from under $40 per barrel as recently as December to about $62 per barrel — first on fears of war and then due to interruption of almost all tanker traffic through the Strait of Hormuz, the conduit for some 20 percent of the world’s oil consumption.
Russian oil still trades at a considerable discount to international benchmark Brent crude, which has risen above $82 from the closing price of $72.87 on Friday, the eve of the attack on Iran by the US and Israel. However, Russian crude is now above the benchmark of $59 per barrel that was assumed in the Russian Finance Ministry’s budget plan for 2026. Oil and gas tax revenues account for up to 30 percent of the Russian federal budget.
Additionally, the halt in production of ship-borne liquefied natural gas, or LNG, by major supplier Qatar will sharply increase global competition for available cargoes — including those from Russia.
A change in fortunes
Russia had seen state oil and gas revenue fall to a four-year low of 393 billion rubles ($5 billion) in January and the budget shortfall of 1.7 trillion rubles ($21.8 billion) for that month was the biggest on record, according to Finance Ministry figures.
The lower revenue was due to weaker global prices and to deep discounts fueled by US and European Union hindrance of Russia’s “shadow fleet” of tankers with obscure ownership used sell oil to its biggest customers, China and India, in defiance of a Western-imposed price cap and sanctions on Russia’s two biggest oil companies, Lukoil and Rosneft.
Economic growth has stagnated as massive military spending has leveled off. President Vladimir Putin has resorted to tax increases and increased borrowing from compliant domestic banks to keep state finances on an even keel in the fifth year of the war.
“Russia is a big winner from the war-related energy turmoil,” said Simone Tagliapietra, energy expert at the Bruegel think tank in Brussels. “Higher oil prices mean higher revenues for the government and therefore stronger capability to finance the war in Ukraine.”
Amena Bakr, head of Middle East and OPEC+ insights at data and analytics firm Kpler, writes: “With Middle East barrels facing logistical disruption, both India and China face strong incentives to deepen reliance on Russian supply.”
Additionally, the price of future delivery of natural gas has skyrocketed in Europe, raising questions about EU plans to put an end to imports of Russian LNG by 2027 — reviving bad memories of a 2022 energy crunch after Moscow cut off most supplies of pipeline gas due to the war.
Length of strait’s closure is the key factor
Much depends on how long the Strait of Hormuz remains closed to most ship traffic, said Alexandra Prokopenko, an expert on the Russian economy at the Carnegie Russia Eurasia Center in Berlin.
A quick exit from the conflict would return Brent prices to roughly $65 per barrel and “a short-lived spike would not fundamentally change” Russia’s budget picture, she said. A middle scenario in which some shipping resumes and oil stabilizes at around $80 per barrel would give Russia “some fiscal relief,” depending on how long the higher prices last.
A long-term closure with Iranian strikes damaging refineries and pipelines could send oil to $108 per barrel, accelerate inflation and push Europe to the edge of recession. “This scenario would bring the largest windfall to Russia,” she said.
Even several weeks of interruption in Gulf LNG could lead to calls in Europe to suspend plans to ban new Russian supply contracts after April 25, said Chris Weafer, CEO of Macro-Advisory Ltd. consultancy.
“The EU is under even more pressure to work with the US to find a solution to the Ukraine conflict and, very likely, to consider easing the plan for a total block for Russian oil and gas imports,” he said. “Countries such as Hungary and Slovakia and those who have been big buyers of Russian LNG, will press for that review.”
In any case “the Russian federal budget will have a much better result in March,” Weafer said, due to lower discounts on Russian oil and “because there are eager buyers of Russian oil and oil products.”
Putin says European leaders have only themselves to blame
Putin said European governments were to blame for their energy predicament.
“What is happening today on the European markets, is, of course, above all the result of the mistaken policies of European governments in the energy sphere,” Putin said Wednesday on state TV.
He said that “maybe it would be more beneficial for us to halt (gas) supplies now to the European market, and leave for the markets that are opening and get established there,” adding that “it’s not a decision, but in this case what’s called ‘thinking out loud.’”
Putin said he would have the government to look into the issue.
Russia’s Deputy Prime Minister Alexander Novak said Wednesday that Russian oil was “in demand” and that Russia was ready to increase supplies to China and India, the Tass news agency reported.
The head of Russia’s sovereign wealth fund, Kirill Dmitriev, took a dig at European Commission President Ursula von der Leyen and EU foreign policy chief Kaja Kallas, writing on X that “surely the wise Ursula and Kaja have a backup LNG plan. Or maybe not.”
Belgium, France, the Netherlands and Spain have continued to import around 2 billion cubic meters of Russian LNG per month, and on top of that Hungary imports 2 billion cubic meters a month through the Turkstream pipeline across the Black Sea, Tagliapietra said. That would amount to 45 billion cubic meters in 2026, 15 percent of total gas demand for this year.
It’s “not easy to replace this in case the LNG market gets tighter with continued shutdowns in Qatar,” he said.