Browsing Tag

donors

Donors pledge €1.3 billion as Sudan war enters third year

Three years into Sudan’s devastating war, international donors meeting in Berlin pledged about €1.3 billion in a bid to ease a crisis that has killed tens of thousands of people and driven millions from their homes. "This nightmare must end," UN Secretary-General António Guterres said, describing the anniversary as "a tragic milestone in a conflict that has shattered a country of immense promise". "The consequences are not confined to Sudan. They are destabilising the wider region," he told the conference in a video address.…

Somalia’s Parliament Greenlights $1.3 Billion Budget, with Donors Contributing 66.7%

MOGADISHU, Somalia - Somalia's parliament, armed with two chambers, has given a thumbs-up to a $1.3 billion budget, marking a high point over the years. This financial plan is set to boost various economic sectors, including funding for ongoing infrastructure projects. This approval covers both spending and income as outlined in the Appropriation Act for 2025, ensuring that many governmental departments can pursue their programs seamlessly over the next year. In a unanimous vote, MPs pushed the budget to $1.3 billion, a…

Donors and Troop Providers Anxious About Egypt’s Emerging Role in Successor to Atmis Mission

In the whirlwind of regional politics, the involvement of Egypt in Somalia's security landscape has sparked a fair amount of jitters among nations and international partners engaged in the African Union peacekeeping mission there. Egypt, flexing its military muscles, seems keen to play a pivotal role in Somalia as the African Union’s existing mandate wraps up. But oh, the plot thickens like a good mystery novel...Security wonks hint that this new player on the block—Egypt, wielding its influence by backing Somalia—has given…

what position for other donors?

In the Central African Republic, following the announcement by France of the suspension of its budget support, the question of the location of the other partners in Bangui arises. More than half of the Central African Republic's budget comes from external resources, either budget support or project support. What do we know about the donors' intentions for the Central African Republic?…

The IMF warns donors of the risk of excessive debt in sub-Saharan Africa

The specter of excessive debt reappears for sub-Saharan Africa after the coronavirus pandemic. The International Monetary Fund has just sounded the alarm, urging donor countries to be "bold" about the debt wall that awaits Africa. Sub-Saharan Africa needs the next 3 years to revive their economies is huge. According to the IMF, it would require $ 890 billion in external funding for the countries of the region. This amount represents more than half of their total GDP. It will therefore return to massive borrowing to…