US Treasury Secretary to urge for ‘speedy’ action on Ghana, Zambia debt relief within G20 framework

US Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Ghana and Zambia for restructuring of their sovereign debts, as a record number of developing nations are at risk of a debt crisis, with ballooning inflation escalating borrowing costs. Yellen, who is scheduled to meet with her counterparts at this […]

5+5 Defense Initiative : Defense Ministers Agree in Rabat to Step Up Cooperation Ties

Defense ministers of member countries of the “5+5 Defense” Initiative have agreed in Rabat to enhance further their cooperation in maritime surveillance, aviation security, risk management, military training and interoperability. During their 18th meeting held Friday with the participation of France, Italy, Portugal, Spain, Malta, Morocco, Mauritania, Libya and Tunisia, the ministers approved action plan […]

Funding shortfall forces UN agency to halt food aid for 650,000 women and children in Ethiopia

The United Nations World Food Programme (WFP) announced Tuesday (22 April) it will suspend life-saving nutrition aid to 650,000 malnourished women and children in Ethiopia starting in May due to a severe funding shortfall. The move comes amid warnings that 3.6 million of the most vulnerable people in the country could lose access to food […]