Paris Club

UKRAINIAN LEGISLATORS SEND STATEMENT TO ASSEMBLY OF THE CUBAN RESISTANCE CONDEMNING PARTICIPATION OF FORCES AND MERCENARIES LOYAL TO THE CUBAN REGIME IN THE INVASION OF THE TERRITORY OF UKRAINE

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星期五, 九月 8, 2023
Assembly of the Cuban Resistance, Travel, Club, Assembly, Rada, Committee, Vladimir Putin, Jockey-Club de Paris, Republic, Verkhovna Rada, Domestic worker, Foreign policy, European, Paris Club, News, Drug, EU, Cuban

"We, people's deputies of the Verkhovna Rada of Ukraine, are deeply concerned about the presence and participation of forces and mercenaries loyal to the dictatorship in the Republic of Cuba in the genocidal invasion of the territory of Ukraine," the statement from the members of the Rada reads.

Key Points: 
  • "We, people's deputies of the Verkhovna Rada of Ukraine, are deeply concerned about the presence and participation of forces and mercenaries loyal to the dictatorship in the Republic of Cuba in the genocidal invasion of the territory of Ukraine," the statement from the members of the Rada reads.
  • The deputies' statement comes following news that approximately 1,000 Cubans have traveled to Russia, some knowing what they were going into, others not.
  • This is an addition to the established presence of Cuban Black Berets (special paramilitary forces) receiving special training in Belarus and regular Cuban armed forces fighting for the Russian military in Ukraine.
  • The Assembly of the Cuban Resistance echoes a call from the deputies of the Rada to those Cubans fighting in Ukraine to return home and fight for freedoms in their own country.

Kenya at 60: six key moments that shaped post-colonial politics

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星期日, 七月 9, 2023
Optimism, Violence, Constitutional Movement, Speech, Politics, Leadership, Michigan State University academics, Timothy, National Rainbow Coalition, History, Authoritarianism, Government, Wind, Movement, US, Law of the United Kingdom, Frustration, Lanet, University of Nairobi, Paris Club, Film industry, Drug, Property management

I haven’t selected elections, assassinations or other moments that have enjoyed much coverage over the years.

Key Points: 
  • I haven’t selected elections, assassinations or other moments that have enjoyed much coverage over the years.
  • Instead, I turn to often-forgotten moments that shed light on the country’s key steps forward – and backwards – and the role of agency and institutions.

1964: The Lanet mutiny

    • A regiment based at Lanet in Nakuru did stage an unsuccessful mutiny in 1964.
    • In response, Kenya’s first president, Jomo Kenyatta – as Kenyan political scholar Musambayi Katumanga has detailed – opted to keep the military small.
    • It was a strategy copied by Kenyatta’s successor, Daniel arap Moi, after a coup attempt in 1982.
    • Kenya’s third president, Mwai Kibaki, also adopted it after the country’s 2007/8 post-election crisis.

1976: The Change the Constitution Movement


    By the mid-1970s, Kenyatta was unwell. To prevent the automatic succession of his vice-president, Moi, a group of prominent Kikuyu politicians attempted to change the constitution. Their efforts were unsuccessful. Power transferred peacefully to Moi upon Kenyatta’s death in 1978. Nevertheless, the attempt had three important legacies:

1980: The crackdown begins

    • He blocked any real opposition but left space for broader political debate.
    • He banned the Nairobi University Students’ Organisation and deregistered the University Academic Staff Union and Kenya Civil Servants Union.

1990: Timothy Njoya’s new year speech

    • The following month, a constitutional amendment was rushed through parliament, paving the way for a return to multi-party elections.
    • This timeline could mistakenly be taken to suggest that it was donor pressure that forced constitutional reform.
    • A tidal change occurred at the dawn of 1990 when, in a new year speech, theologian Timothy Njoya speculated on how much longer Kenya would be a one-party state.

2005: The constitutional referendum

    • Popular frustration showed when Kenyans rejected the draft constitution in the 2005 referendum.
    • The referendum and general elections that followed meant that Kenya was in intense campaign period for over two years.
    • Finally, the referendum fostered a sense that the opposition would win the 2007 election unless it was rigged.

2011: A new chief justice

    • It also established a new bill of rights and created the supreme court.
    • The latter has exclusive jurisdiction to hear and determine presidential election petitions, and determine appeals from the court of appeal.
    • It marked a turning point when Willy Mutunga –- a highly respected human rights advocate –- was appointed as the court’s first chief justice.

Paris hosts summit to secure debt relief and climate cash for developing countries

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星期三, 六月 21, 2023
Bank for International Settlements, Poverty, Private sector, World Trade Organization, Global, Education, Solution, UN General Assembly Resolution 60/147, Reform, DSI, OECD, World, Research, Goal, World Bank, Government, G7, Pandemic, Climate change, European Commission, COVID-19, Developed country, Decision-making, COP27, COP26, V20, UN, Global North and Global South, International Monetary Fund, CDP, G20, Climate, Bank, HIPC, Developing country, Health, Heavily indebted poor countries, Paris Club, Multilateral Debt Relief Initiative, IMF, MDRI, Security (finance), Cryptocurrency

The aim is also to contribute to the international agenda on development and climate financing, a few months after the UN climate summit, COP27, left a mixed record.

Key Points: 
  • The aim is also to contribute to the international agenda on development and climate financing, a few months after the UN climate summit, COP27, left a mixed record.
  • Many developing countries are having to reckon with an ever-growing number of natural hazards, at a time of acute socio-economic vulnerability.
  • However, the financial situations of developing countries vary: some, such as Sri Lanka, Ghana and Suriname, already have unsustainable public debt that needs to be restructured.

Increasingly complex debt restructuring

    • On top of ad hoc restructuring for countries facing particular constraints, several debt restructuring or suspension initiatives were launched in 2000 in response to more widespread debt situations.
    • In response to this new international context, the G20 countries have set up a “Common Framework for Debt Treatment”, enabling countries eligible for the DSI to request a restructuring of their debt in case of persistent financing deficits.
    • However, the global framework for debt restructuring has so far had little impact on climate issues, with climate investment often an afterthought.

Vulnerable countries in demand

    • As a result, several countries called for reform of this financial architecture at the UN General Assembly in 2021, in particular by asking for debt restructuring to be linked to climate objectives.
    • This call was echoed at COP26 in Glasgow in November 2021, notably by the V20 countries (vulnerable twenty group).
    • Now comprising 58 nations, the group accounts for 5% of global greenhouse gas emissions, and yet are at the receiving end of climate change.

Even more complexity?

    • At the end of the 76th annual meetings of the World Bank and IMF in October 2022, the G7, joined by Australia, the Netherlands and Switzerland, set out its proposals for reforming the World Bank.
    • Much indicates 2023 will be a year of reform for development finance, with many events slated to reflect on these issues.
    • Institutions, both international (IMF, World Bank, World Trade Organisation, etc.)

Biodiversity should be at the heart of global financial reform and the IMF can lead the way, Avaaz shows in policy papers

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星期四, 四月 13, 2023
BRI, Ecological debt, All, Heart, Policy, Kunming-Montreal Global Biodiversity Framework, Choking, Hong Kong Export Credit Insurance Corporation, AP, Attention, World Bank, Courtship, Natural Resources, International Monetary Fund, Biodiversity, Conference of the parties, Climate change, Party, United Kingdom common framework policies, World Bank Group, Investment, Developed country, Global North and Global South, G20, Climate, Avaaz, Ecosystem, Belt, Paris Club, Conference, IMF, U.N, Cryptocurrency, Agriculture, Security (finance), Online shopping, Argentines

Realizing the importance of Argentina’s biodiversity is central in these proposals: Argentina is a financial debtor, but an ecological creditor to the world.

Key Points: 
  • Realizing the importance of Argentina’s biodiversity is central in these proposals: Argentina is a financial debtor, but an ecological creditor to the world.
  • Avaaz suggests that Argentina develops debt-for-nature and debt-for-climate swaps (with a mechanism relying on sustainable bonds – see report for details).
  • But debt swapping is just but one mechanism that the IMF can use to jointly address the debt and ecological crises.
  • The institution has only recently developed initiatives on climate but has taken even more time to respond on biodiversity.

Global Times: New journey to the next glorious century

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星期一, 十月 17, 2022
People, Belt, Method, Uncertainty, Socialism, Urbanization, City, Thought, Civilization, Population, Growth, Review, Acceleration, Common, World Bank, Policy, Republic, Central Committee of the Chinese Communist Party, Chinese, Paris Club, General officer, Income, Global, Poverty, Man, National Congress of the Chinese Communist Party, World, Communist party, Air pollution, Partnership, Knowledge, Goal, Parity, Learning, CPC, Environment, Marxism, Face, Colonialism, International law, Belt and Road Initiative, Global Times, UN, Lists of countries and territories, NATO, Center, IMF, Lifting, National Congress, Human, Leadership, Drug, Renewable energy, Management, Tourism

The following is an abstract of views of 10 global leading thinkers, based on the interviews the Global Times conducted with them.

Key Points: 
  • The following is an abstract of views of 10 global leading thinkers, based on the interviews the Global Times conducted with them.
  • It was able to creatively adapt the Marxism of the 19th century and its experience of the 20th century to new requirements and implement eternal values with new methods.
  • Each of the two initiatives - the Global Development Initiative and the Global Security Initiative - provides an important conceptual framework for the future.
  • The Global Security Initiative, on the other hand, will have to contribute to the revival of the global security system with the UN at its center.

Debt relief efforts for African countries: Council approves conclusions

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星期二, 十二月 1, 2020
Debt, Finance, Money, Economy, Debt relief, External debt, Debtor, Government debt, Paris Club

The EU is committed to furthering international debt relief efforts for African countries.

Key Points: 
  • The EU is committed to furthering international debt relief efforts for African countries.
  • The conclusions highlight the increasing debt vulnerability in low income countries, particularly in Africa, and underscore the EU's support for a coordinated international approach on debt relief efforts for African countries.
  • The Council also recognises that for countries with unsustainable debt levels further debt relief may be required.
  • The Council also stresses that debt transparency is critical for a sound assessment of debt sustainability, debtor government accountability, and to enable informed decisions for borrowers and creditors in the context of debt relief efforts.