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Coronavirus: France Urges Debt Relief for Africa

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 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

Israeli Forces Vow Response to Iran’s Attack Despite Calls for Restraint

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Israelis awaited word on how Prime Minister Benjamin Netanyahu would respond to Iran’s first-ever direct attack as international pressure for restraint grew amid fears of an escalation of conflict in the Middle East.

Netanyahu on Monday summoned his war cabinet for the second time in less than 24 hours to weigh a response to Iran’s massive weekend missile and drone attack, a government source said.

While the attack caused no deaths and little damage, thanks to the air defences and countermeasures of Israel and its allies, it has increased concerns that violence rooted in the Gaza war is spreading, and fears of open war between the long-time foes.

Israeli military chief of staff Herzi Halevi said on Monday that “this launch of so many missiles – cruise missiles and drones – into Israeli territory will be met with a response” but gave no details.

Iranian Deputy Foreign Minister Ali Bagheri Kani told state TV on Monday night that Tehran’s response to any Israeli retaliation would come in “a matter of seconds, as Iran will not wait for another 12 days to respond”.

But the prospect of Israeli retaliation has alarmed many Iranians already enduring economic pain and tighter social and political controls since protests in 2022-23.

Iran launched the attack in retaliation for an airstrike on its embassy compound in Damascus on April 1 attributed to Israel, and signalled that it did not seek further escalation.

U.S. President Joe Biden told Netanyahu at the weekend that the United States, which helped Israel blunt the Iranian attack, would not participate in an Israeli counter-strike.

Since the war in Gaza began in October, clashes have erupted between Israel and Iran-aligned groups based in Lebanon, Syria, Yemen, and Iraq.

Israel said four of its soldiers were wounded hundreds of metres inside Lebanese territory overnight, the first known Israeli ground penetration into Lebanon since the Gaza war erupted, although it has traded fire with the Lebanese Hezbollah militia.

“We’re on the edge of the cliff and we have to move away from it,” Josep Borrell, the European Union’s foreign affairs chief, told Spanish radio station Onda Cero.

French President Emmanuel Macron, German Chancellor Olaf Scholz and British Foreign Secretary David Cameron made similar appeals.

Washington and UN Secretary-General Antonio Guterres also have called for restraint.

White House national security spokesman John Kirby declined on Monday to say if Biden had urged Netanyahu in talks on Saturday night to exercise restraint in responding to Iran.

“We don’t want to see a war with Iran. We don’t want to see a regional conflict,” Kirby told a briefing, adding that it was for Israel to decide “whether and how they’ll respond”.

Foreign Minister Israel Katz said he was “leading a diplomatic attack” alongside Israel’s military response, writing to 32 countries to place sanctions on Iran’s missile programme and proscribe its Revolutionary Guards Corps as a terrorist organisation.

U.S. Treasury Secretary Janet Yellen said Iran’s actions threatened stability in the Middle East and could cause economic spillovers.

The U.S. would use sanctions, and work with allies, to keep disrupting Iran’s “malign and destabilising activity”, she added.

However, some analysts said the Biden administration was unlikely to seek to sharpen sanctions on Iran’s oil exports due to worries about boosting oil prices and angering top buyer China.

In a call between the Chinese and Iranian foreign ministers, China said it believed Iran could “handle the situation well and spare the region further turmoil” while safeguarding its sovereignty and dignity, according to Chinese state media.

Russia has refrained from publicly criticising its ally Iran but has also warned against further escalation.

Iran’s retaliatory attack, involving more than 300 missiles and drones, caused modest damage in Israel and wounded a 7-year-old girl.

Most missiles and drones were shot down by Israel’s Iron Dome defence system and with help from the U.S., Britain, France and Jordan.

In Gaza itself, where more than 33,000 Palestinians have been killed in the Israeli offensive according to Gaza health ministry figures, Iran’s action drew applause.

Israel began its campaign against Hamas, the Iranian-backed Palestinian militant group that runs Gaza, after Hamas attacked Israel on Oct. 7, killing 1,200 people and taking 253 hostages, by Israeli tallies.

British Prime Minister Rishi Sunak said the Group of Seven major democracies were working on a package of coordinated measures against Iran.

Italy, which holds the rotating G7 presidency, said it was open to new sanctions and suggested any new measures would target individuals.

Iran’s attack prompted at least a dozen airlines to cancel or reroute flights, with Europe’s aviation regulator still advising caution in using Israeli and Iranian airspace. (Reuters/NAN)

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Foreign News

50 killed in Afghanistan Road Accidents During Eid Holiday

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No fewer than 50 people died and 185 others injured in road accidents during the four-day Eid el Fitr holiday
across Afghanistan.

The country’s General Directorate of Traffic Police on Monday said a total of 102 road accidents occurred across Afghanistan in the period, killing 50 commuters, including eight women and 13 children, and injuring 185 others.

Herat, Ghazni, and Paktika were among 34 provinces of the country where most of the road accidents took place, the department said.

Overspeeding, reckless driving, non-compliance to traffic rules, and lack of traffic signals on highways were the main causes of the deadly accidents, the government agency said.

(Xinhua/NAN)

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Foreign News

U.S. not Expecting to be Drawn into War but Predicts Attack by Iran Against Israel

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The United States expects an attack by Iran against Israel but one that would not be big enough to draw Washington into war, a U.S. official said late on Thursday.

The White House said earlier that Washington did not want conflict to spread in the Middle East and the U.S. had told Iran it was not involved in an air strike against a top Iranian military commander in Damascus.

The White House added it warned Iran to not use that attack as a pretext to escalate further in the region.

Suspected Israeli warplanes bombed Iran’s embassy in Damascus on Monday in a strike for which Iran has vowed revenge and in which a top Iranian general and six other Iranian military officers were killed, ratcheting up tension in a region already strained by the Gaza war.

Iranian sources told Reuters that Tehran has signalled to Washington that it will respond to Israel’s attack on its Syrian embassy in a way that aims to avoid major escalation and it will not act hastily, as Tehran presses demands including a Gaza truce.

The United States has been on high alert about possible retaliatory strikes from Iran and U.S. envoys have been working to lower tensions.

Palestinian Islamist group Hamas attacked Israel on Oct. 7, killing 1,200, according to Israeli tallies.

Israel’s military assault on Hamas-governed Gaza has since killed more than 33,000 people according to the local health ministry, displaced nearly all of Gaza’s 2.3 million population, caused a humanitarian crisis, and led to genocide allegations that Israel denies.

Iran-backed groups have declared support for Palestinians, waging attacks from Lebanon, Yemen, and Iraq.

Tehran has avoided direct confrontation with Israel or the United States, while declaring support for its allies. (Reuters/NAN)

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