WORLD NEWS
Full list of 25 ‘poor countries’ granted debt relief by the International Monetary Fund
The International Monetary Fund (IMF) has announced it has granted debt relief to over 25 poor member countries.
The International Monetary Fund (IMF) is an organization of 189 countries, that helps foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and reduce poverty around the world.
Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near-global membership and helps countries during times of financial crisis.
Describing the Covid-19 pandemic as an unexpected shock to the financial situations of so many countries, the Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, in a statement in Washington last night, announced debt service relief for 25 poor countries saying the debt relief was to enable the affected countries to better tackle the COVID-19 pandemic.
The countries that were relieved of the debt include Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo, D.R., The Gambia, Guinea, Guinea-Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.
She said, ” Today, I am pleased to say that our Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.
“This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more of their scarce financial resources towards vital emergency medical and other relief efforts.
“The CCRT can currently provide about US$500 million in grant-based debt service relief, including the recent US$185 million pledge by the UK and US$100 million provided by Japan as immediately available resources. Others, including China and the Netherlands, are also stepping forward with important contributions. I urge other donors to help us replenish the Trust’s resources and boost further our ability to provide additional debt service relief for a full two years to our poorest member countries.”
GENERAL NEWS
Ghanaian Business Mogul Allegedly M*rdered In South Africa
Intel from a reliable source stated that a 48 year old Ghanaian businessman, Newton Kwaku Boateng, who is based in South Africa has been allegedly poisoned to death by his South African wife in SA a week ago.
Mr. Newton who recently had scuffles with his wife had reported her to his family in Ghana, and even threatened divorce. Suspecting foul play, Boateng’s family have expressed their displeasure and despair at the death of their relative. They believe without doubt that indeed, their relative was poisoned by his wife.
Mr. Godwin Attipoe who spoke on behalf of Newton’s Family in Ghana said “We are so devastated. We are so angry. We are so heartbroken.”
He hinted that after the death of the beloved brother, a case of inquest was opened in Kempton Park, South African Police Service in Gauteng Province, South Africa, adding that “Kempton Park is a City which is based in Gauteng Province”.
Godwin Attipoe claimed they suspect corruption and cover up of the murder of Newton Kwaku Boateng by Kempton Park police station which he claimed is working closely with the wife of the deceased Alinah Mahlangu. Why? Their inquest for an autopsy be done on the victim is being denied by the police service in SA.
An emotional Godwin had to pause speaking as he started weeping, triggering cries among his other family members who were with him.
He further revealed that South African police say they are investigating and awaiting autopsy results after the body with foam in his mouth was found.
He however said “We are giving the South Africa police the authority and power of attorney to order an autopsy on Newton Boateng who died on March 2, 2023”.
He appealed to the Ghana Embassy in South Africa to assist the family to supervise the autopsy on the deceased, which his wife is resisting, adding that the wife of the deceased has not been authorized to represent the family on the issue.
More developing on the issue. Watch this space.
WORLD NEWS
South Korea Halloween stampede: Seoul crush killed at least 151 lives. (video)
South Korea Halloween stampede: Seoul crush killed at least 151 lives. (video)
South Korea Halloween stampede : At least 146 people have been killed after a stampede in the South Korean capital of Seoul on Saturday night.
During Halloween celebrations outside the Hamilton Hotel in the Itaewon neighborhood, the victims were crushed by a massive throng surging forward on a small street.
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Social media videos showed numerous casualties lying on the ground as emergency personnel and onlookers tried to revive them with CPR.
The 150 injured, many of whom are in serious condition in the hospital, and the death toll, according to Choi Seong-beom, chief of Seoul’s Yongsan fire department, could increase.
He said that the majority of the bodies had been transferred to hospitals, while the remainder had been taken to a nearby gym so that they could be recognized.
All of Seoul’s emergency services professionals, along with hundreds more, were deployed to the streets to treat the injured.
Although some local media reports claimed a huge number of people flocked to the area after learning an unnamed celebrity had been there, it is unclear what precipitated the crowd surge.
Oh Se-hoon, the mayor of Seoul, had been traveling in Europe but decided to come back home after hearing the news.
Following the stampede, South Korean President Yoon Suk Yeol presided over an emergency meeting.
In a statement, he urged officials to guarantee the injured received prompt medical attention and to examine the festival venues’ security.
The largest Halloween celebrations in years were held in Itaewon, according to local media, as a result of the recent relaxation of COVID-19 regulations.
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