Arms Management and Destruction Programming: Taking Stock

The Arms Management and Destruction (AMD) sector— an element of conventional weapons destruction (CWD) that includes several elements of physical security and stockpile management (PSSM)—has experienced dynamic growth over the last 18 months. An increasing number of programs address illicit and poorly stored weapons, enhance the safety and security of arms storage, and support the development of national capacity, including MAG’s regional initiative in the Sahel and West Africa. As a distinct AMD sector emerges, now is the time to analyze what makes programming strategies effective as well as ineffective. The industry must resist the temptation to talk about best practice which distracts from the importance of tailoring AMD assistance to specific national contexts. Rather than seek to replicate projects, focus should be on identifying, sharing and embedding good practice, and the approaches that underpin successful programming in a specific national context

Landmine Free 2025: A Shared Responsibility

Just over 20 years ago, states and civil society came together to put an end to the harm inflicted by antipersonnel mines. The result was the ground-breaking Anti-Personnel Mine Ban Convention in 1997. Better known as the Ottawa Treaty, it prohibited the use, stockpiling, production, and transfer of anti-personnel mines. It also created time-bound legal obligations requiring the destruction of all stockpiles, the clearance of all mined areas, and assistance for landmine victims

MAG: Clearing Improvised Landmines in Iraq

MAG’s recent experience in the Middle East has shown that clearing improvised landmines can be achieved even in the most complex humanitarian contexts. It is imperative that detail and specificity is given to discussions on improvised devices if we are to avoid negative repercussions for the safety of beneficiaries and humanitarian workers

Preventing Unplanned Explosions at Munitions Sites

Unplanned explosions at munitions sites (UEMS) frequently result in contamination and destruction similar to that resulting from conflict. Preventive measures can reduce the risk of UEMS and are significantly easier to deploy than clearance after an explosion

Arms Management and Destruction in Sahel and Maghreb by Chris Loughran, Julia Wittig and Greg Crowther [ MAG (Mines Advisory Group) ]

Since January 2013, the United Nations Mine Action Service has worked to build Mali’s national capacity in explosive ordnance disposal

Initial Public Offerings and the Firm Location

The firm geographic location matters in IPOs because investors have a strong preference for newly issued local stocks and provide abnormal demand in local offerings. Using equity holdings data for more than 53,000 households, we show the probability to participate to the stock market and the proportion of the equity wealth is abnormally increasing with the volume of the IPOs inside the investor region. Upon nearly the universe of the 167,515 going public and private domestic manufacturing firms, we provide consistent evidence that the isolated private firms have higher probability to go public, larger IPO underpricing cross-sectional average and volatility, and less pronounced long-run under-performance. Similar but opposite evidence holds for the local concentration of the investor wealth. These effects are economically relevant and robust to local delistings, IPO market timing, agglomeration economies, firm location endogeneity, self-selection bias, and information asymmetries, among others. Findings suggest IPO waves have a strong geographic component, highlight that underwriters significantly under-estimate the local demand component thus leaving unexpected money on the table, and support state-contingent but constant investor propensity for risk