Foreign News
Coronavirus: France Urges Debt Relief for Africa
French President Emmanuel Macron on Wednesday called for a global moratorium on debt repayments by African countries, amid warnings that sub-Saharan Africa is headed for its worst economic performance in at least 50 years due to the coronavirus pandemic.
Macron said that he hoped a virtual meeting on Wednesday of finance ministers from the G20 industrialised countries and emerging economies could agree on the moratorium.
It should involve all major Western powers, China, Russia and the Gulf States, as well as multilateral lenders, Macron said.
Developed countries had all responded to the crisis with massive monetary and budgetary action, but Africa’s large debts as well as credit flight made such moves harder there, he said.
“Every year a third of Africa’s commercial exports go to service its debt,” he argued. “It’s crazy!”
Macron said he favoured a large-scale cancellation of African countries’ debts, but the AU considered that a moratorium was more likely to find agreement in the short term.
The International Monetary Fund (IMF) predicted on Wednesday that sub-Saharan Africa’s economy is now set to shrink by 1.6 per cent this year, according to the head of its African Department, Abebe Selassie.
This is the worst performance seen since at least 1970, Selassie said.
“The possibility that growth could contract more still is quite high. No country will be spared,’’ he said.
He spoke of a “poisonous cocktail of shocks,” including the economic impact of restrictions that have been imposed to curb the spread of the new coronavirus.
And also falls in remittance flows, tourism, investment and demand for the region’s goods and services.
“A contraction in the size of the economy means that there’s less income that is being generated and that will translate into a decline in standards of living,” he said.
“I cannot stress how significant the threat to the region is,” he added.
“This crisis is unprecedented and equally calls for bold and decisive support from the international community.”
The IMF is set to provide about 11.5 billion dollars in new financing and debt relief to 32 sub-Saharan countries that have already requested help, he said.
Governments, multilateral institutions, philanthropic groups, non-governmental organizations and private businesses should all “join forces in an unprecedented effort to consolidate Africa’s health defences,” more than a dozen African and European leaders said on Tuesday.
They called for a stimulus package of at least 100 billion dollars to give African countries “the fiscal space they need to devote more public health resources to fighting the virus, while mitigating its economic and social consequences.”
“This crisis has shown how interconnected we all are. No region can win the battle against COVID-19 alone.
“If it is not beaten in Africa, it will return to haunt us all,” the leaders warned.
Africa has so far recorded around 16,000 cases and 875 deaths, according to the continent’s Centres for Disease Control and Prevention.
Macron said there was no guarantee that African countries would continue to be spared the worst of the pandemic, but Europe would be better placed to help if the peak in Africa came after European countries had got over the worst of it.
African leaders should try and delay the epidemic on their soil with measures such as lockdowns, he suggested. (dpa/NAN)
Foreign News
No talk of Ceasefire Deal Between Turkey, US-backed SDF in Northern Syria – Turkish Official
There is no talk of a ceasefire deal between Turkey and the U.S.-backed Syrian Democratic Forces (SDF) in northern Syria, contrary to a U.S. announcement on the issue, a Turkish defence ministry official said on Thursday.
The official was responding to comments from State Department spokesperson Matthew Miller, who said a ceasefire between Turkey and the SDF around the northern Syrian city of Manbij has been extended until the end of this week.
“As Turkey, it is out of the question for us to have talks with any terrorist organisation.
“The (U.S.) statement must be a slip of the tongue,” the defence ministry official, who was speaking on condition of anonymity, told reporters.
Washington brokered an initial ceasefire between Turkey-backed Syrian rebels and the SDF forces last week after fighting that broke out earlier this month as rebel groups advanced on Damascus and overthrew Bashar al-Assad.
The SDF is an ally in the U.S. coalition against Islamic State militants.
It is spearheaded by the YPG, a group that Ankara sees as an extension of the Kurdistan Workers Party (PKK) militants who have fought the Turkish state for 40 years.
Turkey regards the PKK, YPG and SDF as terrorist groups. The U.S. and Turkey’s Western allies list the PKK as terrorist, but not the YPG and the SDF.
When asked if Ankara was considering another ground operation into northern Syria, the official said that Turkey still sees a threat to its borders from north Syria.
“Our preparations and precautions as part of the fight against terrorism will continue until the PKK/YPG lays down its arms and its foreign fighters leave Syria,” the official said.
Since 2016, Turkey has mounted four military operations in northern Syria, citing national security threats.
Turkey believes that forces of the Syrian National Army paramilitary group which it backs will “liberate” YPG-controlled areas in northern Syria, the official said, signalling that Turkey does not plan an imminent operation into the region by its military.
The SDF have close ties with Western countries including the U.S. and France. Recently, France said the political transition in Syria needed to ensure that the SDF was represented. (Reuters/NAN)
Foreign News
President Yoon Banned from Leaving South Korea
The South Korean Government ordered an overseas travel ban on President Yoon Suk Yeol.The South Korean news agency Yonhap reported on Monday that the travel ban is due to the ongoing investigation into Yoon, which involves suspicion of high treason.Yoon unexpectedly imposed martial law on his country last Tuesday night, but hours later, after massive political resistance, he repealed the order.
On Saturday evening, a motion by the opposition to impeach the president in parliament failed. However, public pressure against the 63-year-old continues. (dpa/NAN)Foreign News
Israel Threatens to Expand War if Hezbollah Truce Collapses
Israel threatened on Tuesday to return to war in Lebanon if its truce with Hezbollah collapses and said this time its attacks would go deeper and target the Lebanese state itself, after the deadliest day since the ceasefire was agreed last week.
In its strongest threat since the truce was agreed to end 14 months of war with Hezbollah, Israel said it would hold Lebanon responsible for failing to disarm militants who violated the truce.
“If we return to war we will act strongly, we will go deeper, and the most important thing they need to know: that there will be no longer be an exemption for the state of Lebanon,” Defence Minister Israel Katz said.
“If until now we separated the state of Lebanon from Hezbollah… it will no longer be (like this),” he said during a visit to the northern border area.
Despite last week’s truce, Israeli forces have continued strikes in southern Lebanon against what they say are Hezbollah fighters ignoring the agreement to halt attacks and withdraw beyond the Litani River, about 30 km (18 miles) from the frontier.
On Monday, Hezbollah shelled an Israeli military post, while Lebanese authorities said at least 12 people were killed in Israeli airstrikes on Lebanon.
Katz called the Hezbollah attack “the first test” and described Israel’s strikes as a strong response.
The Beirut government must “authorise the Lebanese army to enforce their part, to keep Hezbollah away beyond the Litani, and to dismantle all the infrastructure,” Katz said.
“If they don’t do it and this whole agreement collapses then the reality will be very clear.”
Top Lebanese officials urged Washington and Paris to press Israel to uphold the ceasefire, after dozens of military operations on Lebanese soil that Beirut has deemed violations, two senior Lebanese political sources told Reuters on Tuesday.
The sources said caretaker Prime Minister Najib Mikati and Speaker of Parliament Nabih Berri, a close Hezbollah ally who negotiated the deal on behalf of Lebanon, spoke to officials at the White House and French presidency late on Monday.
Mikati, quoted by the Lebanese news agency, said that diplomatic communications had intensified since Monday to stop Israeli violations of the ceasefire.
He also said a recruitment drive was under way by the Lebanese army to strengthen its presence in the south.
U.S. State Department spokesperson Matt Miller told reporters on Monday that the ceasefire “is holding” and that the U.S. had “anticipated that there might be violations”.
Neither the French presidency nor the foreign ministry were immediately available to comment.
French Foreign Minister Jean-Noel Barrot spoke to his Israeli counterpart Gideon Saar on Monday, saying both sides should adhere to the ceasefire.
The truce came into effect on Nov. 27 and prohibits Israel from conducting offensive military operations in Lebanon, while requiring Lebanon to prevent armed groups including Hezbollah from launching attacks on Israel.
It gives Israeli troops 60 days to withdraw from south Lebanon.
A mission chaired by the United States is tasked with monitoring, verifying, and helping enforce the truce, but it has yet to begin work.
Berri on Monday called on the mission to “urgently” ensure Israel halts its breaches, saying Beirut had logged at least 54 Israeli violations of the ceasefire so far.
Israel has said its continued activity in Lebanon is aimed at enforcing the ceasefire.
Lebanon’s Mikati met in Beirut on Monday with U.S. General Jasper Jeffers, who will chair the monitoring committee.
Two sources familiar with the matter told Reuters that France’s representative to the committee, General Guillaume Ponchin, would arrive in Beirut on Wednesday and that the committee would hold its first meeting on Thursday.
“There is an urgency to finalise the mechanism, otherwise it will be too late,” the source said, referring to Israel’s gradual intensification of strikes even with the truce in place. (Reuters/NAN)