
SAVW Board of Trustees reviews the digital transformation plan
The Board approved the new indicators programme to measure the Award's performance and outcomes. The programme includes 80 precise performance indicators, with the aim of enhancing work efficiency and raising its standards, reflecting a commitment to transparency and professionalism in achieving the Award's objectives.
The Board also reviewed the revenues from endowments allocated to support the Award's various activities and programmes, with a focus on investing these resources sustainably to enhance the Award's pioneering role and its continued approach to instilling volunteer values and social responsibility.
In the context of promoting continuous development, the Board discussed the Award's most prominent achievements and developments, reviewing the Award's digital transformation plan, which aims to facilitate procedures to enhance future efforts to support volunteer work and achieve the Award's vision as a leading platform for spreading the culture of volunteering and encouraging innovative community initiatives.
Continuous development
During the meeting, His Excellency Ahmed Ibrahim Al Mail expressed his appreciation for the generous support and wise guidance the award receives from His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and the wise follow-up of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler, and Chairman of the Executive Council of the Emirate.
Ahmed Al Mail praised the efforts of the board members and their role in enhancing the award's performance. He noted that the adoption of the new indicators programme and the digital transformation plan represent a qualitative shift in the award's journey toward achieving its goals and promoting the values of giving and innovation, which will inspire individuals and institutions to adopt volunteer projects that contribute to achieving sustainable development and strengthening community cohesion.
Al Mail pointed out that SAVW is moving forward in strengthening its pioneering role by adopting innovative tools and programmes that support volunteer work and enhance its outcomes, ensuring the achievement of the award's objectives and reflecting its unwavering commitment to serving the community.
Keeping Up with Challenges and Developing the Award
For his part, Dr. Jassim Al Hammadi, Secretary General of SAVW, emphasised that the award continuously works to consolidate the culture of volunteering across various sectors, to remain a platform that encourages creativity and giving that serves the community and elevates the status of volunteer work in the Emirate of Sharjah.
Al Hammadi explained that adopting an electronic performance measurement programme enhances transparency and the quality of outputs, contributing to consolidating the award's role as an inspiring entity for excellence and creativity in the volunteer field. He emphasised the award's commitment to keeping up with challenges and developing its working mechanisms in line with the vision of the Emirate of Sharjah and its community and humanitarian leadership.
Al Hammadi pointed out that SAVW importance lies in encouraging and motivating volunteer work and establishing the foundation for volunteer work by educating the community to perform constructive volunteer work, which has contributed to the growing community interest in the award year after year.
Qualitative developments
Fatima Musa Al Belushi, Executive Director of SAVW, explained that the meeting also reviewed the award's 2024 results, highlighting its most notable achievements and developments. She noted that the award has organised 21 editions over 22 years since its inception, honouring 1,259 individual and institutional winners across various categories.
Al Belushi added that the previous edition, the 21st edition, dedicated to the 2023 results, achieved remarkable figures, including 125,389 volunteer hours with the participation of 3,038 volunteers, 45 volunteer opportunities, and financial support totaling AED 47,033.
SAVW executive director added that the results of the work demonstrated the qualitative developments seen by the award, especially the expansion of its categories to include 14 diverse categories targeting various segments of society, which enhances the award's comprehensiveness and impact. She noted that the award places special importance on community awareness, as it organized 76 awareness lectures, in addition to specialised awareness publications such as magazines such as "Sharjah Volunteering" and the electronic newsletter "Volunteers", in addition to publications directed at children such as "Little Volunteer Magazine" and other awareness publications.
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Equatorial Guinea: Selected Economic and Financial Indicators, 2024–26 Estimates Projections 2024 2025 2026 (Annual percentage change, unless otherwise specified) Production, prices, and money Real GDP 0.9 -1.6 0.5 Hydrocarbon GDP1 0.4 -6.4 -2.6 Non-hydrocarbon GDP 1.3 2.3 2.8 GDP deflator 2.5 3.0 1.0 Consumer prices (annual average) 3.4 2.9 2.9 Consumer prices (end of period) 3.4 2.9 3.5 Monetary and exchange rate Broad money 2.6 2.7 2.9 Nominal effective exchange rate (- = depreciation) … … … External sector Exports, f.o.b. -7.1 1.6 -8.7 Hydrocarbon exports -8.4 1.7 -10.2 Non-hydrocarbon exports 2.6 1.8 1.0 Imports, f.o.b. -8.9 2.2 -1.9 Government finance Revenue -14.3 0.7 -5.0 Expenditure -0.7 4.9 -1.3 (Percent of GDP, unless otherwise specified) Government finance Revenue 17.9 17.8 16.7 Hydrocarbon revenue 14.5 14.3 13.0 Non-hydrocarbon revenue 3.4 3.5 3.7 Expenditure 18.5 19.1 18.6 Overall fiscal balance (Commitment basis) -0.6 -1.3 -1.9 Overall fiscal balance (Cash basis) -1.0 -2.0 -2.6 Non-hydrocarbon primary balance2 -11.7 -12.6 -12.3 Non-hydrocarbon primary balance (as percent of non-hydrocarbon GDP) -17.0 -17.4 -16.4 Change in domestic arrears -0.3 -0.7 -0.7 External sector Current account balance (including official transfers; - = deficit) -3.2 -3.3 -4.5 Imputed Foreign Reserves (net), US$billion 0.4 0.4 0.2 Debt Total public debt 36.4 37.0 38.4 Domestic debt 28.7 28.0 27.9 External debt 7.8 9.0 10.5 External debt service-to-exports ratio (percent) 6.2 5.7 6.2 External debt service/government revenue (percent) 7.9 7.4 7.7 Memorandum items Oil price (U.S. dollars a barrel)3 79.9 67.7 63.3 Nominal GDP (billions of CFA francs) 7,740 7,846 7,959 Nominal GDP (millions of US dollars) 12,769 12,881 13,138 Hydrocarbon GDP (billions of CFA francs) 2,401 2,193 1,971 Non-hydrocarbon GDP (billions of CFA francs) 5,340 5,653 5,987 Government deposits (in percent of GDP) 17.7 17.5 17.2 Oil volume (crude and condensado, millions of barrels) 29.1 26.8 25.1 Gas volume4 (millions of bbls oil equivalent) 51.8 49.2 49.5 Total Hydrocarbon Volume (in millions of barrels of oil equivalent) 81.0 76.0 74.7 Exchange rate (average; CFA francs/U.S. dollar) 606.2 … … Sources: Data provided by the Equatoguinean authorities; and staff estimates and projections. 1 Including oil, LNG, LPG, butane, propane, and methanol. 2 Excluding hydrocarbon revenues, hydrocarbon expenditures, and interest earned and paid. 3 The reference price for crude oil is the Brent. 4 Includes LNG, propane, butane and methanol. [1] Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country's economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board. [2] Under the IMF's Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the page. [3] At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country's authorities. An explanation of any qualifiers used in summings up can be found here: Distributed by APO Group on behalf of International Monetary Fund (IMF).