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Musings From Abroad

Second man to walk the moon, Buzz Aldrin, drags kids to court

US astronaut Buzz Aldrin is suing two of his children and his former business manager alleging they stole money from him and are slandering his legacy.

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US astronaut Buzz Aldrin is suing two of his children and his former business manager alleging they stole money from him and are slandering his legacy.

The lawsuit, which was revealed on Monday, was filed in a Florida court one week after his children petitioned to take control of his finances.

His family members had told a judge that he requires a legal guardian because he is in “cognitive decline”.

The 88-year-old was the second man to ever walk on the surface of the Moon.

He has become a strong advocate to human exploration of Mars.

In a Wall Street Journal interview last week, the former US Air Force colonel said: “Nobody is going to come close to thinking I should be under a guardianship.”

In his lawsuit, he claims that his son, daughter and former manager Christina Korp also undermined his “personal romantic relationships” by forbidding him from getting married.

At issue is the management of his private company, Buzz Aldrin Enterprises, and his non-profit organisation, the ShareSpace Foundation.

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Musings From Abroad

France to withdraw forces from West and Central Africa

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According to three sources quoted by AFP, France intends to scale back its military deployment in West and Central Africa to about 600 soldiers in keeping with President Emmanuel Macron’s intentions to lessen France’s military footprint in the area.

Given the strong anti-French sentiment in several former colonies and the competition for influence from nations like Russia, Macron declared in February 2023 that there would be a “noticeable reduction” in the number of French troops stationed in Africa.

A strategy being discussed with allies in Africa indicates that France intends to significantly scale back its so-called “pre-positioned” forces in the continent.

Two government-affiliated sources, as well as a military source, claim that France will only maintain about 100 troops in Senegal, West Africa, down from 350 currently, and about 100 in Gabon, Central Africa.

Paris intends to maintain about 300 troops in Chad, in north-central Africa, down from 1,000 currently, and about 100 troops in Ivory Coast, on the southern coast of West Africa.

According to the three sources, the diminished presence can occasionally be increased in response to the demands of regional partners. The French General Staff was contacted by AFP, but they declined to comment.

Up until two years ago, France maintained around 5,000 troops in the Sahel region of Africa as part of the Barkhane anti-jihadist campaign, in addition to the about 1,600 forces that were pre-deployed in Gabon and West Africa. However, the juntas that took over in Mali in 2021, Burkina Faso in 2022, and Niger in 2023 have been steadily driving it out.

Now, all three nations have security agreements in place with Russia, which has been looking to increase its influence throughout the continent. The final nation in the Sahel to get French forces is Chad, which is led by Mahamat Idriss Deby, the son of Idriss Deby Itno, a former president who served for more than 30 years.

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Musings From Abroad

AfDB, IDB on $20bn IMF reserve asset donor drive

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In line with a global initiative to increase the efforts of leading multilateral development banks (MDBs) to address poverty and climate change, the African Development Bank (AfDB) and the Inter-American Development Banks (IDB) intend to convert each SDR into $4 in additional funding through the use of hybrid bonds and other financial instruments.

“All these countries have shown a lot of interest, and I think that with the approval from the IMF to use it (SDRs), it’s going to make that conversation a lot better,” AfDB President, Adesina said.

Japan has also pledged to help as a potential contributor of SDR, and in Europe, France has indicated interest in contributing some of its SDR for a simultaneous “liquidity guarantee” that would reimburse donors should they encounter difficulties.

“There are a lot of things that that bacon can feed – electricity, water sanitation, education,” Adesina stated, adding that he and Goldfajn have the remainder of the year to “bring the bacon home.”

The board of the AfDB separately approved a $117 billion capital increase earlier this month, and it is currently seeking an additional $25 billion for its concessional lending arm, the African Development Fund.

It aims to allocate a portion of the funds to projects like credit guarantees, which lower project financing costs by utilizing the bank’s triple-A credit rating as a halo.

It plans to use them similarly for debt-for-nature or climate swaps, which enable governments to reduce debt in exchange for safeguarding important ecosystems. Currently, Tanzania is employing them for railways linking Tanzania to the Democratic Republic of the Congo, Burundi, and Nigeria.

The AfDB’s almost-final year in leadership, Adesina, stated that acknowledging the economic and global significance of Africa’s savannahs, rainforests, rivers, and seas is also necessary.

According to his estimation, their worth is at least $6.8 trillion, and the bank plans to adjust the GDP calculations for the continent to account for this amount. For instance, the Congo Basin is thought to be larger than the Amazon to be the world’s greatest carbon sink.

“In a world of climate change and green growth that ought to matter,” he added, saying that if “properly valued” countries like Congo and Gabon would have much better debt metrics.

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