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China Supports Taliban Govt In Afghanistan

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China Supports Taliban Govt In Afghanistan

Despite outcry against ongoing human rights violations in Afghanistan, China has stated its support for the newly formed interim Taliban government.

Taliban spokesman Mohammad Naeem said on Tuesday that the Chinese ambassador to Afghanistan congratulated the government.

“Foreign Minister of the ‘Islamic Emirate of Afghanistan’ Taliban-led government, Amir Khan Muttaqi, met with Chinese ambassador Wang Yu.

READ ALSO: Woman Pleads Guilty To Plan To Kill US VP Harris

“The Chinese ambassador congratulated the new Afghan government and added that China will continue to develop and strengthen humanitarian, economic cooperation and relations with Afghanistan,” Mr Naeem tweeted.

 

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ECOWAS Suspends Burkina Faso Over Coup

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ECOWAS Suspends Burkina Faso Over Coup
Lt. Col. Paul-Henri Damiba

Irked by the coup d’etat of late Sunday that toppled the democratically elected government of President Roch Kabore, the Economic Community of West African States (ECOWAS) has suspended Burkina Faso from its governing bodies.

The Authority of ECOWAS Heads of State and Government made the resolution on Friday at the end of its virtual Extraordinary Summit on the situation in Burkina Faso.

The resolutions of the ECOWAS Presidents is contained in a communique issued at the end of the virtual summit made available to journalists on Friday.

The ECOWAS Presidents, who strongly condemned the coup d’état, condemned the resurgence of coup d’états in member countries, adding that ECOWAS would no longer tolerate accessing power through unconstitutional means.

The communique stated that “the Authority, during deliberations, strongly condemns the coup d’etat and expresses deep concern over the resurgence of military coups in the region.

“Following the coup d’etats in Mali on Aug. 18, 2020, in Guinea on Sept. 5, 2021, and in Burkina Faso on 24 January 2022.

“The coup d’etat in Burkina Faso was organised by obtaining the resignation of President Roch Marc Christian Kabore under duress.

READ ALSO: Soldiers Detain Burkina Faso President After Suspected CoupSoldiers Detain Burkina Faso President After Suspected Coup

“The Authority reaffirms its resolute commitment to upholding the zero tolerance for accessing power through unconstitutional means as enshrined in the 2001 ECOWAS Supplementary Protocol on Democracy and Good governance and decides as follows:

“The leadership demands the immediate release and protection of President Roch Marc Christian KABORE and all the other political detainees;

“They also decide to suspend Burkina Faso from all ECOWAS institutions; demand the quick restoration of constitutional order by the militaries and urges them to remain republican by focusing on the role of safeguarding the territorial integrity of the country.

“Instructs the Committee of Chiefs of Defence Staff (CCDS) to immediately deploy a delegation to Burkina Faso to hold consultations with the military leaders.

“To carry out an assessment of the security situation in the country and submit a report to be reviewed by the Authority of Heads of State and Government.

“The meeting further instructs the Commission to facilitate the deployment of a joint ECOWAS Ministerial Mission to Burkina Faso, led by the Chairperson of Council of Ministers on Jan. 31.

“To assess the political situation and submit their report to the Authority of Heads of State and Government. The United Nations Special Representative to West Africa and Sahel and the African Union will participate in this mission.”

Following reports on the recent developments on the political situations in the Republic of Mali and the Republic of Guinea, the Authority requested the Commission to finalise the on-going revision of the Protocol on Democracy and good governance.

The Authority also decided to convene an Extraordinary Summit on Feb. 3 in Accra, Ghana, to re-examine the situation in Burkina, Guinea and Mali.

The Heads of State and Government took note of the Memorandum on the political situation in Burkina Faso presented by President of the ECOWAS Commission, Jean-Claude Brou.

They commended the quality of the report and took note of the recommendations contained therein.

Burkinabe army on Jan. 24 arrested the 64-year-old President Marc Kabore and later at night announced that his government had been deposed.

Kabore was elected in 2015 following a popular revolt that forced out strongman Blaise Compaore and he was re-elected in 2020

The coup leader, Lt.-Col. Paul-Henri Damiba, said on Thursday that Burkina Faso would return to constitutional order “when the conditions are right”.

 

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IMF Wants El Salvador To Stop Use Of Bitcoin

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IMF Wants El Salvador To Stop Use Of Bitcoin

Warning of “large risks,” the International Monetary Fund (IMF) has asked El Salvador to rethink its stance on using Bitcoin as its legal tender.

In its “Article IV Consultation with El Salvador” released on Tuesday, the IMF “urged the authorities to narrow the scope of the Bitcoin law by removing bitcoin’s legal tender status.”

“Since September 2021, the government has adopted Bitcoin as legal tender. The adoption of a cryptocurrency as legal tender, however, entails large risks for financial and market integrity, financial stability, and consumer protection. It also can create contingent liabilities,” the statement said.

The call by the Washington-based financial body came as the cryptocurrency market dropped in value for its fifth week, erasing over $1 trillion and wider volatility on Wall Street.

Last September, El Salvador became the first country in the world to embrace digital money, allowing consumers to use it in all transactions. The Latin American country planned to build the world’s first “Bitcoin City“, funded initially by bitcoin-backed bonds.

President Nayib Bukele sought a $1.3 billion IMF loan, but this has been delayed due to the volatility at the crypto market.

Mr Bukele had disclosed that there would be no property, income or municipal taxes and that the city would have zero-carbon emissions.

READ ALSO: El Salvador Becomes First Country To Adopt Bitcoin For Use As Legal Tender

He explained that the project would attract investors, adding that the city would have residential areas, malls, restaurants and a port, and sustainable public transport.

In its statement, the IMF also warned that at current debt spending levels, El Salvador’s public debt could rise to about 96 per cent of GDP in 2026, calling it an “unsustainable path.”

 

 

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81-year-old Nancy Pelosi Declares Bid To Return To US Congress

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81-year-old Nancy Pelosi Declares Bid To Return To US Congress

The 81- year-old Speaker of the U.S. House of Representatives Nancy Pelosi is not ready to quit politics yet.

Pelosi has just declared another run for congress in the November 2022 election.
Her announcement Tuesday night ended months of speculation over whether she would be retiring.

The California Democrat revealed her plan in a video posted on Facebook, in which she said that “much more needs to be done to improve people’s lives.”

“Our democracy is at risk because of the assaults on the truth, the assault on the US Capitol and the state-by-state assault on voting rights,” she said in the video.

READ ALSO: House Sets Impeachment Vote to Charge Trump With Incitement

“This election is crucial. Nothing less is at stake than our democracy. But as we say, we don’t agonise, we organise and that is why I am running for reelection to Congress and respectfully seek your support. I’d be greatly honoured by it and grateful for it. Thank you so much.”

Nancy Pelosi was first elected to Congress in 1987 and has been the top House Democrat since 2003.

In 2007, she became the first woman to hold the speaker’s gavel.

After Democrats were beaten in the 2010 midterm elections, Pelosi spent eight years as the minority leader before becoming speaker again in 2019.

 

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