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UN envoy in Libya to reopen negotiations between parties over central bank governor

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The United Nations mission in Libya will start supporting negotiations between factions in Tripoli on Wednesday to settle the central bank crisis, which has reduced oil output and threatens to end four years of relative peace.

Libya’s two legislative chambers, the House of Representatives in Benghazi and the High Council of State in Tripoli have agreed to appoint a central bank governor jointly, potentially defusing a conflict over control of the country’s oil money.

Libya’s central bank is the only legal repository for oil earnings, and it pays state salaries throughout the country.

The negotiations between the two groups were expected to end on Monday with an agreement to select a person for governor and a board of directors within 30 days, which had already been extended by five days last week.

In agreeing to begin negotiations with both legislative chambers and the Presidential Council, the U.N. mission stated that “time is of the essence in reaching a consensual solution to the crisis and mitigating its adverse effects”.

The Presidential Council, based in Tripoli, had rarely participated directly in Libyan politics until its leader, Mohammed al-Menfi, moved in August to replace senior central bank Governor Sadiq al-Kabir, prompting eastern forces to order a halt to oil flows across Libyan oilfields in protest.

Libya has had little peace since a 2011 NATO-backed rebellion, and in 2014, it divided between eastern and western factions. Major combat ceased with a ceasefire in 2020 and attempts to reunify, but differences still exist.

The House of Representatives parliament and the High State Council were both recognised internationally in a 2015 political accord, despite supporting opposing parties throughout much of Libya’s conflict.

Musings From Abroad

US CDC issues second-highest Marburg travel advisory for Rwanda

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As a result of the Marburg disease epidemic in Rwanda, the United States government has announced that its agency will be issuing its second-highest level of travel advisory, advising citizens to avoid unnecessary travel. Rwanda is located in East Africa.

According to the US Department of Health and Human Services, the CDC will begin screening visitors who have visited Rwanda within the last 21 days before they enter the country.

The organisation advised travellers to Rwanda to take extra care when they visited the nation last week when it released its “level 2” travel advisory.

Since the first epidemic of the Ebola-like illness in Rwanda was discovered in late September, 46 cases and 12 fatalities have been documented. The death rate in Marburg might reach 88%.

Fruit bats carry the virus, which subsequently spreads to people who come into touch with the bodily fluids of infected people.

Rwanda has started to distribute vaccination doses against the virus, giving priority to those who are most at risk, healthcare staff who are most exposed, and those who have close contact with confirmed cases.

The first known outbreak of viral hemorrhagic fever in Rwanda was discovered in late September; to yet, 36 cases and 11 fatalities have been reported. The death rate in Marburg might reach 88%.

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Musings From Abroad

US ‘conflict minerals by disclosure rule’ has not lessened Congo bloodshed, monitor claims

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In a study released on Monday, a United States congressional watchdog stated that it had not discovered any proof that the conflict minerals disclosure rule implemented by the Securities and Exchange Commission (SEC) in 2012 had lessened bloodshed in the Democratic Republic of the Congo.

 

According to a U.S. Government Accountability Office study, armed factions are still engaged in conflict over control of gold mines located in the country’s east.

 

It said that the regulation, which mandates that certain businesses disclose how they utilise gold, tungsten, tantalum, and tin, has probably had little impact on the bordering nations.

 

 

“GAO found no empirical evidence that the rule has decreased the occurrence or level of violence in the eastern DRC, where many mines and armed groups are located,” the report said.

 

 

“GAO also found the rule was associated with a spread of violence, particularly around informal, small-scale gold mining sites,” it said, adding that gold is the most difficult to trace, and easiest to smuggle, of the four minerals covered by the rule.

 

The top producer of tantalum in the world is Congo; both the US and the EU view it as a vital material.

 

The report further stated that “the SEC disagreed with some of GAO’s findings and raised concerns about some of its methodology and analyses.” According to the GAO, some of its modifications had no appreciable impact on its conclusions.

 

 

“As the agency noted in comments shared with GAO, SEC staff has serious concerns about the report, including that it makes assertions and reaches conclusions that rest on several erroneous factual assumptions, draws causal inferences that are not supported by GAO’s statistical analyses, and deviates significantly from the GAO’s previously issued reports,” the SEC said.

 

 

“GAO had not shared its final report with the SEC until today, so staff is reviewing it to determine if and how GAO addressed the SEC’s concerns,” it added.

Last year, GAO said that some U.S. companies buying minerals from Congo and its neighbours were failing to meet disclosure requirements.

 

The UN Security Council was informed on September 30 by Bintou Keita, the head of the U.N. mission in Congo, that M23 rebels in the east are making $300,000 a month in a zone they have taken over for coltan mining.

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