South-South Cooperation

Image: Nigerian currency Naira. Credit: Umaizi

New Currency Stemmed as Six West African Countries Object

By Lisa Vives, Global Information Network

NEW YORK (IDN) – French-speaking countries will have to put the cork back in the champagne bottle after six member countries of the West African Monetary Zone (WAMZ) comprising Nigeria, Ghana, Gambia, Guinea, Liberia and Sierra Leone, have rejected the adoption of 'Eco' as the name of the proposed single currency for West Africa.

At a special meeting, five English speaking countries in West Africa in the Nigerian capital Abuja met on January 15 and put the kibosh on adopting the Eco as African common currency as desired by mostly , French-speaking states.

: Global Information Network; THE WORLD; Africa; 21 January 2020

Photo: Jorge Chediek, Director of the United Nations Office for South-South Cooperation (UNOSSC) and Envoy of the United Nations Secretary-General on South-South Cooperation. Credit: UNOSSC.

South-South Cooperation Offers Solutions to Urgent Climate Challenges

Viewpoint by Jorge Chediek

The author is Director of the United Nations Office for South-South Cooperation (UNOSSC) and Envoy of the United Nations Secretary-General on South-South Cooperation.

NEW YORK (IDN) – Climate change is the defining challenge of our time. At stake are recent gains in the fights against poverty, hunger and disease, and the lives and livelihoods of millions of people in the global South.

: UN Bureau; OPINION; 06 December 2019

Photo (L-R): Ambassador of Equatorial Guinea in Brussels, Carmelo Nvono-Ncá preparing trip modalities for the signing with ACP Group Secretary General Dr. Patrick I. Gomes. Credit: ACP Press

ACP Information Centre for South-South and Triangular Cooperation Established in Equatorial Guinea

By Reinhard Jacobsen

BRUSSELS (IDN) – The African, Caribbean and Pacific Information Centre for South-South and Triangular Cooperation (SS&TrC) has been formally established in Malabo, the capital of Equatorial Guinea. The Centre is a gift of President Obiang Nguema Mbasogo, the government and the people of the country in Central Africa, to the people and the ACP Group of 79 member states.

When the Centre was established on August 9, less than a year after it was unveiled on October 4, 2018, President Obiang referred to this inauguration as "historical" and "the most salient token of Southern peoples and countries’ solidarity that is aimed at enhancing their respective autonomy and support their efforts to achieve the international Sustainable Development Goals (SDGs) foreseen in the 2030 Agenda.

: Reinhard Jacobsen; GLOBAL GOVERNANCE; ACP Group of States; 15 August 2019

Photo: The 11th Mekong-Japan Ministerial Meeting on August 2-3, 2018 in Singapore, with Taro Kono, Minister for Foreign Affairs of Japan serving as chair. Attendees included: Sok Siphana, Advisor to the Royal Government of Cambodia; Saleumxay Kommasith, Minister of Foreign Affairs of Laos; Kyaw Tin, Minister for International Cooperation of Myanmar; Don Pramudwinai, Minister of Foreign Affairs of the Kingdom of Thailand; and Pham Binh Minh, Deputy Prime Minister and Minister of Foreign Affairs of Viet Nam. Credit: Ministry of Foreign Affairs of Thailand.

China-Japan Rivalry Intensifies in Asia's New Growth Region

By Kalinga Seneviratne

SINGAPORE (IDN) – While China's Belt and Road Initiative (BRI) has been in the news for a while – thanks mainly to negative reporting by the western media – Japan is slowly funding the building of supplementary trade corridors in the Mekong region projecting itself as not only interested in building infrastructure, but also trade facilitation through human capacity building in the region.

With a growth rate exceeding 5 percent and a combined population of over 240 million, the Mekong region, which was devastated by the Vietnam war in the 1960s and 1970s, has now emerged as a new growth centre of Asia. With the exception of Thailand, the population of the region – that also includes Myanmar, Laos, Cambodia and Vietnam – is young, with more than 20 per cent of residents below 15 years of age.

: Kalinga Seneviratne; THE WORLD; Asia-Pacific; 02 October 2018

Photo: Kenyan President Uhuru Kenyatta (left) with the Chinese President Xi Jinping (right) at the Great Hall of the $3.8 billion cost of the Naivasha-Kisumu phase of the Standard Gauge Railway to be provided as part of grant financing. Credit: Xinhua/Yin Bogu.

African Countries Seek Relief from Burgeoning Chinese Loans

By Allan Olingo

In the past 15 years, Beijing has written off more than $2 billion worth of debt advanced to African countries, says Allan Olingo, an accomplished business journalist from Kenya. This article first appeared in The East African on September 17, 2018.

NAIROBI (IDN-INPS) – Some African countries are now seeking to write off their loans from China while others are offering concessions using their natural resources and assets to manage their ballooning debt.

A new report by the U.S.-based Centre for Global Development shows that China’s loans to Africa, currently standing in excess of $14 billion, continue to rise, putting a strain on borrowers and posing the risk of default.

: Africa & ME Editor; THE WORLD; Africa; 20 September 2018

Photo: President Kagame meets Chinese President in Beijing. Credit: Paul Kagame's website.

African Critics Warn of Dark Side to China's ‘Charitable' Loans

By Lisa Vives, Global Information Network

NEW YORK (IDN) – There are two sides to every coin and two widely opposing views on China's offer of generous loans and grants to African countries announced at the recent China-Africa Cooperation Forum in Beijing.

At the conference, with representatives from 53 of 54 African countries, sky-high numbers were bandied about. Chinese President Xi Jinping announced $60 billion in funds for eight initiatives over the next three years, in areas ranging from industrial promotion, infrastructure construction and scholarships for young Africans.

: Global Information Network; THE WORLD; Africa; 12 September 2018

Photo: Secretary General Shahidul Islam of the BIMSTEC has said member states, including Bangladesh and Myanmar, have shown their "diplomatic maturity" by not raising the Rohingya issue at the just-concluded Summit in Kathmandu. Credit: bdnews24.com

Foreigners Suspected of Using Rohingyas to Destabilise Region

By Kalinga Seneviratne

SINGAPORE (IDN) – The Myanmar government has slammed a ruling by the International Criminal Court (ICC) declaring that they have jurisdiction to investigate the deportation of Rhoyingya Muslims as a possible crime against humanity. In a statement, Myanmar's President Win Myint dismissed September 6 ICC ruling as based on "faulty procedure" and described it as of "dubious legal merit".

In Dhaka, Secretary General Shahidul Islam of the regional grouping BIMSTEC told a press conference that both Bangladesh and Myanmar had shown "diplomatic maturity" by not raising contentious issues in a forum that is designed to promote economic cooperation.

: Kalinga Seneviratne; THE WORLD; Asia-Pacific; 08 September 2018

Photo: The Fourth BIMSTEC Summit was held in Kathmandu, Nepal on 30-31 August 2018. Credit: BIMSTEC.

BIMSTEC Viable, Though SAARC Deadlocked

By Sugeeswara Senadhira

The author is Director (Research & International Media), Presidential Secretariat in Colombo. This article first appeared in Ceylon Today on September 3, and is being reproduced with the author's permission. – The Editor

COLOMBO (IDN-INPS) – Sri Lanka, as the new Chair of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has a special responsibility of ensuring speedy cooperation of the member states of the Bay region. Though this is not an easy task, Sri Lanka is fortunate because it can get maximum support from the regional super economic power, India, for this endeavour.

: Kalinga Seneviratne; OPINION; 04 September 2018

Parliamentarians Agree on Concrete Goals of Future ACP-EU Partnership

By Robert Johnson

BRUSSELS (IDN) – Members of the European Parliament (MEPs) and their counterparts from 78 African, Caribbean and Pacific (ACP) countries have adopted a series of far-reaching resolutions during the 35th session of the Joint Parliamentary Assembly (JPA) from June 18 to 20 in Brussels.

The resolutions relate to strengthening of the parliamentary dimension, llegal trade in plant protection products and seeds, social and environmental cnsequences of urbanisaton, fighting international terrorism, and humanitarian crisis in Southern Sudan.

: Robert Johnson; GLOBAL GOVERNANCE; ACP Group of States; 21 June 2018

Photo: First Anniversary Commemoration of the India-UN Development Partnership Fund. Credit: UNOSSC

UN Chief Lauds India for Deepening South-South Cooperation

By Santo D. Banerjee

NEW YORK (IDN) – UN Secretary‑General António Guterres has commended India's "very important role in shaping the Sustainable Development Goals". He was speaking at an event marking the first anniversary of the India‑United Nations Development Partnership Fund in New York.

The Fund aims at supporting sustainable development for low-income nations with 22 projects having already been approved in 25 partner countries ranging from hurricane rehabilitation and climate early warning system to government accountability and agriculture.