Day: 15 January 2019

On the occasion of the new year, journalists from the main local and regional media were invited to share a moment of conviviality at the Monaco Yacht Club, in the presence of HE the Minister of State, Serge Telle, of Jean Castellini, Councilor Government-Minister of Finance and the Economy and Didier Gamerdinger, Government Counselor-Minister of Social Affairs and Health.

The Minister of State has notably announced the arrival of Albert Croési as Interministerial Councilor for the living environment and relations with users.

He also gave a date to the media for the presentation of the Energy Transition Mission headed by Annabelle Jaeger-Seydoux.

He reiterated the importance of the work of definition of cost accounting to prepare future budgets.

He confirmed the launch of the housing plan which should be presented to the National Council, then announced at the end of the first quarter of 2019, reminding: “the housing issue should not be confrontational”.

Serge Telle said he was extremely “outraged by the upheavals of the economic model of the press and their repercussions on the difficult job of journalism” and be ready to reflect with professionals on the future of this corporation. He said, “A society without a journalist, is no longer the same society”.

He punctuated this statement by addressing the journalists present: “You represent the balance of power that guarantees the smooth running of society.”

HSH the Sovereign Prince attended a ceremony at Princess Grace Hospital to praise all professionals at the hospital. The Prince was accompanies by Mrs. Benoîte de Sevelinges, Director of the Princess Grace Hospital, with his Excellency the Minister of State and the Government Counselor-Minister of Social Affairs and Health Mr. Didier Gamerdinger, presented its wishes to all professionals of the hospital.

In front of many personalities present for the event, the Director of the Hospital drew up a complete report of the activity of the CHPG in 2018, namely:

• Most medical services have had occupancy rates above 90%;
• More than 80,000 patients have been treated at CHPG at least once, and nearly 200 have chosen to check-up;
• 99.8% of them consider the care they received to be good, very good or excellent.

Benoîte de Sevelinges praised the generosity of the Prince’s Government with the creation of a complementary pension scheme and the salary adjustment, which has now been completed.

In terms of projects, 2018 will have been a springboard year towards 2019, with, among other things, the signing of the National Pact for the Energy Transition on April 18th.

In terms of works, the year 2019 will see the commissioning of the Blood Transfusion Center and the new sampling center of the laboratory.

The imaging department should benefit before the summer of a brand new interventional radiology room that will allow the CHPG to develop new management techniques for the benefit of patients.

Finally, the year should come to an end with the opening of the new consultations platter of the Pavilion Louis II which will bring together the specialties of digestive surgery, hepatogastroenterology, and urology in conditions of reception and significantly improved.

2019 will finally be the year of digital, with the implementation of the first building blocks of the new Computerized Patient Record, as part of a global overhaul of the information system, a project called e-CHPG.

Finally, Benoîte de Sevelinges concluded his address with a tribute to his predecessor, Patrick Bini, who “left a firm with solid foundations, which will allow it to enter an era of modernization, even before commissioning, long awaited new building”.

Investors & Partners (I&P) and the Prince’s Government have signed a partnership agreement to create the first impact fund dedicated to education in Africa.

Due to launch in 2020, its objective will be to respond to the challenges of access, equity, quality and adequacy of education in Africa.

The education of the most vulnerable populations and the training of young people are crucial issues for the African continent. Despite undeniable progress over the past decade, education systems face a number of common challenges, such as improving access to education, especially for girls and rural people, ensuring its quality, and ensure a balance between training provided and the needs of local labor markets.

“African governments have limited means to solve these problems, and in fact the private sector is increasingly seen as a complementary player in the education sector,” explained Jean-Michel Severino, President of Investisseurs & Partenaires.

Private initiatives are still limited and very little money has been invested in education, especially in the area of ​​impact investing.

Through the creation of an impact fund dedicated to education, I&P and the Prince’s Government aim to promote accessible, fair and quality education in Africa.

The fund will help fund and support private educational institutions, or educational ecosystem businesses producing goods, services and technologies that are essential to solving these issues.

Several investment hypotheses are now tested concerning the sectors and investment criteria, the geographical scope and the financial instruments that will be mobilized.

A feasibility study is underway to determine the opportunities and obstacles to creating an impact vehicle dedicated to education in the African context.

Led by FERDI (Foundation for Studies and Research on International Development), the study will provide a better understanding of African education challenges and identify good practices in education that can be developed and expanded by the private sector.

The partnership between I&P and the Prince’s Government comprises three components:

Completion of the feasibility study, conducted between October 2018 and May 2019
The recruitment of an International Volunteer of Monaco, carried out in October 2018
A partnership agreement to define, structure and raise the fund, with a grant of Monaco of one million euros to I&P.