16, May 2021
Leaders from more than a dozen African countries will attend a summit in Paris from Monday 0
Leaders from more than a dozen African countries will attend a summit in Paris from Monday to discuss their financial needs after the Covid-19 pandemic. Ahead of the gathering, the head of the International Monetary Fund, Kristalina Georgieva, has told FRANCE 24 the international community must step up efforts to ensure a “dangerous divergence” of fortunes between advanced and developing economies is avoided. “This divergence would mean more insecurity, more instabilty and lost opportunities for the world economy to grow,” she warned.
Georgieva said she hoped a planned $650 billion increase in the Fund’s reserves, known as Special Drawing Rights, could be used as a way for richer countries to provide more help to those in need.
“We have done it, we can do it again,” she said. “Of course it is up to our members, but I was so encouraged to hear many countries stating that they want to see an on-lending done to help the countries that are in dire need.”
On the issue of debt relief, the IMF chief pointed to efforts underway at the G20 with Chad, Zambia and Ethiopia trying to overhaul their debt burdens.
Georgieva said she believed the outcome of the talks could encourage other countries to enter the process: “That would allow us to bring down the dangerous levels of debt in countries that are suffocating under a high debt burden.”
“This is the kind of situation where you need all hands on deck,” she said, calling on indebted countries, the international community and the private sector to work together on the issue.
Source: France 24



















20, May 2021
Congo-Brazzaville: New Prime Minister is close to first lady Antoinette Nguesso and the president’s youngest son, Denis Christel Nguesso 0
The new government in Congo Brazzaville is sponsored by President Sassou Nguesso’s family.
Former Prime Minister Clément Mouamba’s government resigned on 16 April, just after President Denis Sassou Nguesso was sworn in for a fourth and final presidential term.
Key members of the Congolese head of state’s inner circle immediately pushed candidates to replace Mouamba. Cameroon Intelligence Report understands that there was a post-election battle to replace Mr. Mouamba.
Prime Minister Anatole Collinet Makosso, who was appointed on 12 May, is very close to both first lady Antoinette Sassou Nguesso and the president’s youngest son, Denis Christel Sassou Nguesso.
However, Post-Sassou era is now on everyone’s thoughts but not lips.
President Denis Sassou Nguesso’s re-election on 21 March for what will surely be his last term has stirred the ambitions of his close entourage, though no one dares admit to it.
By Asu Vera Eyere in the UK