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Rwanda, South Korea reach $1 billion finance agreement

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The Finance Ministry of Rwanda has revealed that the country has received $1 billion in concessional loans from South Korea to finance various projects in the transportation, healthcare and education sectors.

According to a statement from the finance ministry, the $500 million arrangement for 2024–2028 doubles and takes the place of the previous four-year agreement that was scheduled to expire at the end of 2026.

The government of Rwanda announced in May that 1.32 trillion Rwandan francs ($1.02 billion) or the whole 2024–2025 budget will come from borrowing from outside sources.

 

Early in June, South Korea hosted a summit that brought together African leaders, including Paul Kagame, the president of Rwanda, and Yoon Suk Yeol, the president of that nation.

The five-year deal, which runs from 2024 to 2028, will correspond with Rwanda’s National Strategy for Transformation, a five-year development initiative.

According to the government, it would fund initiatives in important areas of the Rwandan economy like health care, education, and transportation.

According to Rwanda’s finance minister, Yusuf Murangwa, collaboration between the two countries is in line with the country’s transformation strategy. It is essential to building the country’s human capital for the twenty-first century, revolutionizing the agriculture sector, and laying the groundwork for governance driven by information and communications technology (ICT).

“The framework signed is a significant milestone in our bilateral cooperation and provides assurances to achieve even more results in areas of our engagement,” he said.

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Musings From Abroad

3 Americans sentenced to death in DR Congo for thwarted coup

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A military court has sentenced 37 accused persons to death for their roles in the failed coup attempt in the Democratic Republic of the Congo in May, including three US nationals.

On May 19, armed men took over the presidential residence in Kinshasa for a short while until security forces assassinated their leader, Christian Malanga, a politician from the Democratic Republic of the Congo who was living in the US.

Marcel Malanga, his son, and Tyler Thompson, a friend of Marcel’s who played football with him in high school in Utah, were two of the Americans on trial. They’re both in their 20s.

Christian Malanga’s business associate Benjamin Zalman-Polun was the third American.
All three received the death penalty in a decision that was read aloud on television after being convicted guilty of terrorism, criminal conspiracy, and other offences.

Malanga had already informed the court that his father had threatened to murder him if he didn’t take part. In addition, he informed the court that he was going to Congo for the first time at his father’s invitation—a relationship he had not had in a long time.

After the failed coup, some fifty individuals, including citizens of the US, UK, Canada, Belgium, and the Congo, are awaiting prosecution. Thirty-seven offenders received death sentences.

The decision was announced in the courtyard of the military jail Ndolo, which is located outside of Kinshasa, beneath a tent. The defendants, dressed in prison-issue blue and yellow tops, were seated in front of the judge.

July marked the start of the trial. Ambassador personnel were present at the proceedings, according to State Department spokesperson Matthew Miller in Washington, and they will keep a careful eye on any further developments.

“We understand that the legal process in the DRC allows for defendants to appeal the court’s decision,” he told a briefing.

Jean-Jacques Wondo, a citizen of Belgium and Congo, is one of the 37 defendants. Before the trial, Wondo’s family made video messages to Congo President Félix Tshisekedi pleading for his release.

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Musings From Abroad

US backs 2 permanent seats for Africa in Security Council

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United States Ambassador to the UN, Linda Thomas-Greenfield, is set to announce the position that the US favours giving two permanent seats to African states in the Security Council, and one seat that would be rotated among small island developing states.

The action is being taken as the US looks to strengthen its relationships with Pacific Island countries that are crucial to fending off Chinese influence in the area and mend fences with Africa, where many people are upset over Washington’s support for Israel’s war in Gaza.

The declaration, which Thomas-Greenfield described as a part of US President Joe Biden’s legacy, is intended to “move this agenda forward in a way that we can achieve Security Council reform at some point in the future,” she told journalists.

In addition to Washington’s long-standing support for India, Japan, and Germany to also receive permanent seats on the council, there is a drive for two permanent African members and a rotating seat for small island developing states.

Developing countries have long sought seats on the Security Council, the UN’s most powerful body, permanently. However, years of reform negotiations have yielded little results, and it’s uncertain if US backing could spur action.

Thomas-Greenfield made it clear to Reuters ahead of the Council on Foreign Relations’ announcement in New York on Thursday that Washington opposes the extension of the veto power beyond the five nations that now possess it.

The Security Council is responsible of upholding global peace and security and is vested with the authority to employ force, impose sanctions, and enforce arms embargoes.

There were eleven members of the Security Council at the UN’s founding in 1945. In 1965, the number of members rose to 15, consisting of five permanent veto-wielding nations (the US, Britain, China, Russia, and France) and ten elected governments serving two-year terms.

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