International

African Countries Suffering Debt Hangovers – Macron, UN

Published

3 years ago

June 23, 2023

African Countries Suffering Debt Hangovers – Macron, UN

The United Nations Secretary General, Antonio Guterres and French President Emmanuel Macron, on Thursday, said African countries are facing challenges that hinder growth and development as a result of debt hangovers.

They spoke at the opening ceremony of the High-Level Summit for New Global Financing Pact in Paris-France.

President Bola Ahmed Tinubu joined world leaders at the summit on the consensus for redesigning the global financial architecture, which will favour poverty reduction, debt restructuring or cancellation and more consideration for vulnerable countries affected by climate change and COVID-19.

The president, who was at Palais Brongniart, venue of the event, was received by the French Minister of Europe and Foreign Affairs, Catherine Colonna.

Macron, while welcoming the world leaders to Paris, said the summit would focus on drawing up a new financial order that would scale up finances and support developing countries for energy transition, poverty reduction, while respecting the sovereignty of each nation.

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The French president, in a statement by the Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake, said African countries had been at the receiving end of the major global challenges, with debt hangovers that hamper growth and development.

“COVID-19 pandemic brought lots of difficulties and now we are faced with the war in Ukraine that has been draining resources that should be channelled into human development,” he said.

Macron told the leaders from 50 countries, multilateral institutions and the private sector that justice and fairness must be imperative in redesigning the new world financial architecture, with more focus on the most vulnerable.

The French president listed four elements for consideration by the leaders, starting with an acknowledgement that reducing poverty would require collective efforts, with a more diverse and comprehensive framework.

“We must admit that no country can succeed alone in reducing poverty and protecting the planet,” he added.

Macron said the framework should be relevant to each country, and sub-regional roles included, with clear responsibilities and benefits, while multilateral institutions like the International Monetary Fund and World Bank must be re-engineered to be more people and solutions driven.

The French president noted that the private sector must be carried along in the new pact that seeks to harmonise growth, as they control most of the financial instruments that need to be liquefied for more even development, especially on health, education and food security.

On behalf of the African countries, the President of Niger Republic, Mohammed Bazoum, said the new pact must be “urgent” and “essential” to Africa, and the framework should be “just” and “robust” in reflecting the reality of developing countries as partners.

Bazoum said the challenges of impoverishment and desertification had stimulated unrest in most countries, affecting peace and stability in sub-regions and the continent.

“In Africa, we need support for infrastructure, health, food security and education,” he stated.

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Guterres, in his own remarks, told the gathering of leaders that the high-level summit would need more mobilisation and political will for redesign and implementation.

The UN scribe said many countries were still struggling from effects of COVID-19 and climate change, and the war in Ukraine had heightened sufferings.

Guterres said some African countries had been unable to service their debts, with indications that generations might be affected.

“African countries,” he said, “were not properly captured in the global order.”

He said the new global financial pact must address fragmentations and frustrations, and enable the kind of change that encourages debt relief, suspension of repayments, change of business models and more commitment from development banks, with guarantees.

The UN scribe said leaders must look beyond reforms, and accept the need for transformation.

“We are at a moment of truth and reckoning, and we can make it a moment of hope,” Guterres said. Climate activist, Vanessa Nakate, from Uganda, who called for a moment of silence for the helpless and hopeless across the world, said broken promises cost the lives of many in developing nations.

The presidents and leaders of multilateral institutions and the private sector at the summit went into syndicate sessions to discuss the new financial architecture.

President Tinubu will today (Friday) participate at the summit, which will unveil a New Global Financing Pact and mechanism for implementation.

Related Topics:African Featured Macron UN

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International

€10 Million Stolen from Sparkasse Bank Vault in Gelsenkirchen Over Christmas

Published

5 hours ago

December 31, 2025

Trends Admin

€10 Million Stolen from Sparkasse Bank Vault in Gelsenkirchen Over Christmas

Thieves exploited the quiet Christmas holiday to break into a branch of Sparkasse Bank in Gelsenkirchen, Germany, stealing at least €10 million, police confirmed on Tuesday.

The suspects drilled through a thick concrete wall to gain access to the bank vault, where they forced open customer safe deposit boxes and made off with the money and valuables.

The crime went undetected until the early hours of Monday, December 29, when a fire alarm alerted authorities to the breach. Most shops and banks in Germany are closed from the evening of December 24 during the holiday season, allowing the robbers to carry out the heist unnoticed.

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According to witnesses, several men carrying large bags were seen moving through the stairwell of a nearby parking garage late on Saturday night. Investigators are also examining reports that a black Audi RS6, with masked occupants, left the garage early Monday morning. The car reportedly had stolen licence plates from Hanover, more than 200 kilometres from Gelsenkirchen.

Angry and anxious customers gathered outside the bank on Tuesday, demanding information about their belongings. One customer, who had used the deposit box for 25 years to store retirement savings, told Welt, “I couldn’t sleep last night. We’re getting no information.” Another reported storing cash and family jewellery in the box.

Police investigations into the massive bank robbery are ongoing.

€10 Million Stolen from Sparkasse Bank Vault in Gelsenkirchen Over Christmas

International

Elon Musk Faces Backlash Over ‘Hotness’ Remark on Teen Facing Deportation

Published

6 hours ago

December 31, 2025

Trends Admin

Audrey Morris and Tesla CEO Elon Musk

Elon Musk Faces Backlash Over ‘Hotness’ Remark on Teen Facing Deportation

Tech billionaire and Tesla CEO Elon Musk has come under renewed criticism following remarks he made about the physical appearance of a teenage girl who was facing possible deportation from Denmark.

The backlash followed a post by Musk, 54, on X (formerly Twitter), where he suggested that people who are physically attractive should be exempted from deportation. The comment was made in reference to Audrey Morris, a 19-year-old American student whose immigration status in Denmark recently became a public issue.

Reacting to the comment, Morris described Musk’s remark as demeaning, saying it reduced her case to her looks rather than her personal achievements and life circumstances.

“It’s definitely crazy,” Morris told the Daily Beast, adding that while she was not entirely shocked, she was floored that such a comment came from someone of Musk’s stature.

She said public attention quickly shifted from her academic achievements, volunteer work, and long-term residence in Denmark to her appearance.

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“It would’ve been really cool if he commented on my academic achievements or what I’ve accomplished,” she said. “That would have been helpful.”

Morris noted that although the attention was embarrassing, she hoped it would at least bring awareness to her situation.

The teenager has lived in Denmark since the age of nine after her family relocated from the United States in 2015 for her mother’s doctoral studies. She remained in the country under a temporary residency permit as an accompanying child, which expired in June 2024.

Her immigration troubles reportedly began after she moved into a boarding facility at her high school in another city and changed her address—an action that violated the conditions of her residency permit. At one point, the threat of deportation became serious enough for her to prepare to return to the United States, leaving behind her family and boyfriend.

In a later development, Danish authorities granted Morris a 10-year residency permit, sparing her immediate deportation. However, she was denied citizenship, even as her American mother and 15-year-old brother were granted the status.

“Denmark is my home—one hundred percent,” Morris said in an earlier interview. “I am as Danish as a foreigner can possibly be.”

Musk’s comment, in which he wrote that “8 or above level hotness should get an exemption,” has since drawn criticism from social media users and commentators who accused him of objectifying women and trivialising a serious immigration issue.

Elon Musk Faces Backlash Over ‘Hotness’ Remark on Teen Facing Deportation

International

Israel to Revoke Licences of 37 Aid Groups in Gaza, West Bank, Sparks International Outcry

Published

13 hours ago

December 31, 2025

Trends Admin

Israel to Revoke Licences of 37 Aid Groups in Gaza, West Bank, Sparks International Outcry

Israel has announced plans to revoke the licences of 37 humanitarian aid organisations operating in Gaza and the occupied West Bank, a move that has drawn sharp criticism from several Western governments and international humanitarian bodies.

The affected organisations include major international non-governmental organisations (INGOs) such as ActionAid, the International Rescue Committee, and the Norwegian Refugee Council, whose licences are set to be suspended from January 1, with their operations expected to wind down within 60 days.

According to Israel’s Ministry of Diaspora Affairs, which oversees the registration of aid groups, the decision followed the organisations’ failure to comply with new registration requirements, including the submission of what it described as “complete and verifiable personal details” of staff members.

The announcement triggered condemnation from the foreign ministers of 10 countries, including the United Kingdom, France, Canada, Japan, Norway and Sweden, who described the new rules as “restrictive” and “unacceptable.” In a joint statement, they warned that shutting down INGO operations would have a severe impact on access to essential services, particularly healthcare, in Gaza.

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The ministers stressed that the humanitarian situation in Gaza remains catastrophic and urged the Israeli government to ensure aid organisations can operate in a sustained and predictable manner.

Israel, however, insisted that the move would not disrupt the flow of humanitarian assistance. The Ministry of Diaspora Affairs said aid continues to reach Gaza through approved and vetted channels, including United Nations agencies, bilateral partners and selected humanitarian organisations.

The ministry argued that the licence revocations were necessary to prevent the infiltration of terrorist operatives into humanitarian structures, adding that fewer than 15% of aid organisations were found to be in violation of the new regulatory framework.

Israel’s military coordination body, Cogat, also claimed that the suspended organisations did not deliver aid to Gaza during the current ceasefire, and that their combined contribution previously accounted for about 1% of total aid volumes.

The new framework allows for licence denial on grounds including denying Israel’s existence, denying the Holocaust or the October 7, 2023 Hamas attacks, supporting armed struggle against Israel, promoting delegitimisation campaigns, or calling for a boycott of Israel.

In contrast, the Humanitarian Country Team of the Occupied Palestinian Territory, which represents UN agencies and over 200 local and international organisations, warned that the registration system “fundamentally jeopardises” humanitarian operations in Gaza and the West Bank. The group said the criteria were vague, arbitrary and politicised, making compliance difficult without breaching international humanitarian principles.

The forum noted that INGOs currently support most of Gaza’s field hospitals, primary healthcare centres, emergency shelters, water and sanitation services, and nutrition centres for malnourished children.

Israel’s Minister of Diaspora Affairs and Combating Antisemitism, Amichai Chikli, defended the policy, stating: “Humanitarian assistance is welcome — the exploitation of humanitarian frameworks for terrorism is not.”

Other organisations facing suspension include CARE, Medico International, and Medical Aid for Palestinians.