Connect with us

Musings From Abroad

China calls for more efforts from US over debt burden on African countries

Published

on

China has urged the United States to take seriously its obligations and make more effort to resolve the debt problems in African countries.

The Chinese Foreign Ministry Spokesperson, Wang Wenbin made the call on Monday at a press briefing while responding to claims made by some U.S. and World Bank officials that China was a barrier to African debt relief.

Wenbin maintained that China attaches great importance to debt issues in Africa, and actively helps African countries cope with the issues. He said China had made the largest contribution to the G20 Debt Service Suspension Initiative (DSSI).

“China has always been committed to providing support for the economic and social development of developing countries, including African countries, and has always carried out investment and financing cooperation with developing countries on the basis of equality and mutual benefit. Our country has always done its best to help developing countries ease their debt burden,” said Wang.

“China is not the source of the debt trap of African countries, but a partner in helping them and other developing countries get out of the poverty trap,” Wang added.

“Some Western politicians are weaving traps to disrupt and undermine China’s cooperation with developing countries. Their tricks have been seen through by developing countries and the international community, and there is no market for them,” said the spokesman.

Although China is the main creditor for some countries like Zambia, South Africa, and Zimbabwe, Wang argued that “data from the World Bank showed that multilateral financial institutions and commercial creditors hold nearly three-quarters of Africa’s total external debt, creating the biggest debt burden for African countries. which constitutes the biggest source of debt pressure on developing countries”.

“The debts of the World Bank and the International Monetary Fund (IMF) account for nearly 70 percent of the total debt held by multilateral financial institutions. The United States is the largest shareholder of the World Bank and IMF, and financial capital from the U.S. and Europe is the largest commercial creditor of African countries. There is a unshirkable responsibility for the U.S. to participate in solving Africa’s debt problems.

“We urge the U.S. side to earnestly shoulder its responsibilities and make greater efforts to promote the substantive participation of multilateral financial institutions and commercial creditors in addressing Africa’s debt issue,” said Wang.

In October 2022, the International Monetary Fund (IMF) described the near-term outlook for Sub-Saharan Africa as “extremely uncertain”. The Fund warned public debt and inflation were at “levels not seen in decades” and says several countries face “difficult sociopolitical and security situations.”

Several African countries like Zambia, Nigeria, Ghana, Tunisia, and Egypt, amongst others, are grappling with high foreign debt.

Musings From Abroad

World Bank stops tourism fund to Tanzania’s Ruaha park. Here’s why

Published

on

A spokesperson for the World Bank said on Wednesday that the lender had stopped all new payments from a $150 million fund meant to expand a national park in southern Tanzania.

The suspension is linked to reports of extrajudicial killings and rights abuses, with claims that guards recently killed people and forced people to leave their homes last year.

The World Bank’s independent complaints system says that two anonymous complainants have said that rangers from Ruaha National Park killed local villagers without a court order, forced them to disappear, evicted them, tortured them, and took their cattle.

“The World Bank is deeply concerned about the allegations of abuse and injustice related to the… project in Tanzania,” a spokesperson said in a statement. “We have therefore decided to suspend further disbursement of funds with immediate effect.”

Mobhare Martini, a spokeswoman for the government, said the claims were not true but that the government was looking into them “to see if there was any misconduct from any staff so that it can take the right action.” He said the last instalment of the loan that had been put on hold was $25 million.

Human rights activists have spoken out against several government plans in Tanzania to increase tourism. This is especially true in the north of the country, where thousands of Maasai have been forced to leave their traditional homes.

The Oakland Institute, a think tank in California, released a report last year accusing Ruaha park rangers of sexual assault. The report also said that local communities across Tanzania were paying the price for saving the environment to bring in tourists.

The park is 81 miles (130 km) west of Iringa. A 45,000-square-kilometer (17,000-square-mile). In the past, the park was famous for having a lot of elephants. 34,000 of them lived in the Ruaha-Rungwa environment in 2009, but that number dropped to 15,836, give or take 4,759, in 2015. Six lions and 74 vultures were found also dead in February 2018 with wide allegations that the animals were poisoned by communal further fueling clashes between locals and authorities.

Wildlife tourism is one of Tanzania’s biggest economic sources, the government is keen on expanding the sector and claims it has provided fair compensation to people evicted from their homes and disturbed by the wild.

Continue Reading

Musings From Abroad

President de Sousa insists Portugal must ‘pay costs’ of slavery, colonial crimes

Published

on

Following recent conversations around reparations to countries with colonial heritage, Portuguese President, Marcelo Rebelo de Sousa, has added his voice to the argument that his country was responsible for crimes committed during the transatlantic slavery and the colonial era and suggested there was a need for reparations.

For over four hundred years, at least 12.5 million Africans were taken hostage, forced to be moved long distances by mostly European ships and merchants, and then sold as slaves.

At a meeting with foreign reporters late Tuesday night, Rebelo de Sousa said that Portugal “takes full responsibility” for the wrongs done in the past and that those wrongs, such as the killings of colonists, had “costs.”

“We have to pay the costs,” he said. “Are there actions that were not punished and those responsible were not arrested? Are there goods that were looted and not returned? Let’s see how we can repair this.”

Those who made it through the trip worked on farms in the Americas, mostly in Brazil and the Caribbean, while others made money off of their work.  More than any other European country, Portugal traded almost 6 million Africans. The country has not done much to face its past, and schools don’t teach much about its part in transatlantic slavery.

More and more African and Caribbean countries want to set up a group to deal with making up for crimes that happened during the transatlantic slave trade. Payments of money or other forms of getting things right could be part of reparations.

Last week, United Nations High Commissioner for Human Rights Volker Turk said in an address at the closing of the four-day U.N. Permanent Forum on People of African Descent (PFPAD), called on countries to take real steps toward reparations for people of African descent. He appealed while adding his voice to calls for justice for the horrible crimes committed during slavery.

Last year, Rebelo de Sousa said that Portugal should say sorry for transatlantic slavery and colonialism, but he didn’t say sorry in full. He said on Tuesday that it was more important to own up to the past and take responsibility for it than to say sorry.

“Apologising is the easy part,” he said.

The United Kingdom, Japan, France, Germany, Italy, Portugal, the Netherlands, Denmark, Spain, and the United States of America were among the eleven countries that colonized more than 90% of the world’s 193 countries.

Continue Reading

EDITOR’S PICK

Sports30 mins ago

Zambian FA boss, Gen.Sec arrested over alleged laundering of K341,902

President of the Football Association of Zambia (FAZ), Andrew Kamanga, has been arrested along with the Secretary-General and two other...

Metro5 hours ago

Luapula businessman, Munsanje, reflects on media freedoms and freedom of expression

As stakeholder engagement intensifies regarding the ongoing project to amplify voices on media freedom, freedom of expression, and digital rights,...

Musings From Abroad5 hours ago

World Bank stops tourism fund to Tanzania’s Ruaha park. Here’s why

A spokesperson for the World Bank said on Wednesday that the lender had stopped all new payments from a $150...

Metro6 hours ago

‘It would be risky to release Binance executive from custody risky’, Nigerian govt says

Nigeria’s anti-corruption agency, the Economic and Financial Crimes Commission (EFCC), believes admitting the detained executive of cryptocurrency firm, Binance Holdings...

Musings From Abroad6 hours ago

President de Sousa insists Portugal must ‘pay costs’ of slavery, colonial crimes

Following recent conversations around reparations to countries with colonial heritage, Portuguese President, Marcelo Rebelo de Sousa, has added his voice...

VenturesNow7 hours ago

Nigeria’s antigraft agency EFCC may try 300 forex racketeers

The Economic and Financial Crimes Commission (EFCC), Nigeria’s anti-corruption body, could go after 300 forex criminals who trade on a...

Tech7 hours ago

Institute calls for responsible social media usage among youths

Smart Zambia Institute has reiterated the importance of youths to use social media responsibly. Senior Business Applications Officer at the...

Politics7 hours ago

Digital Rights: Policy enthusiast, Jere, advocates self-regulation as alternative to govt regulations

Copperbelt businessman and mining policy advocate, George Jere, has highlighted the importance of self-regulation in the expanding digital media landscape,...

VenturesNow9 hours ago

Dangote refinery drops diesel price further, but the wait continues for retail consumers

Barely weeks after crashing the prices of diesel and aviation fuel by about 30% in the country, Nigeria’s private Dangote...

Musings From Abroad9 hours ago

British PM Sunak remains adamant over migration deal with Rwanda

British Prime Minister, Rishi Sunak, has remained adamant on the controversial migration deal, promising to start sending asylum seekers to...

Trending