(By Professor Daniel Bradlow)
The International Monetary Fund (IMF) will inject $650 billion in Special Drawing Rights into the global economy. It will allocate them among its member states, which can then decide for themselves how they want to use their Special Drawing Rights.
By: Bonolo Makgale and Tariro Sekeramayi
Introduction
Dr. John Henrik Clarke once remarked, “History is not everything, but it is a starting point. History is a clock that people use to tell their political and cultural time of day. It is a compass they use to find themselves on the map of human geography. It tells them where they are, but more importantly, what they must be.”
(By Professor Daniel Bradlow)
The COVID-19 crisis is one of many indicators that we live in dangerous and uncertain times. Others include the international community’s struggle to respond to technological and climate change, demographic shifts, growing poverty and inequality as well as increased global insecurity.
(Op-Ed by Solomon A. Dersso, Chairperson of the African Commission on Human and Peoples’ Rights)
For this year’s Africa Human Rights Day, the African Commission on Human and Peoples’ Rights commemorates this landmark event under the theme ‘Human and Peoples’ Rights and the COVID-19 Pandemic: Protecting Rights for Building Back Better’. This occasion serves to deliberate on why and how respect for and protection of human and peoples’ rights offers the recipe for a successful strategy for building back better.
(Op-Ed by Marystella A. Simiyu)
The inability of countries to ordinarily hold elections and undertake electioneering is one of the many disruptions brought by the COVID-19 pandemic.
By: Bonolo Makgale
The national lockdown in South Africa which was initiated due to the COVID-19 global health pandemic has revealed another hidden pandemic amongst us. The latest National Income Dynamic Study (NIDS) Coronavirus Rapid Mobile Survey (CRAM) has revealed that the national lockdown has contributed to the perpetual hunger for 2.2 million South Africans. The report revealed that with 3 million South Africans having lost their incomes and jobs, hunger has become a national crisis exposing food insecurity in the most vulnerable communities.
(Op-Ed by Dr Nkatha Murungi)
Women’s Day commemorates the march by about 20,000 women to the Union Buildings in Pretoria on 9 August 1956, to protest the introduction of regulations on movement, also known as pass laws by the government of South Africa at the time. The march to the Union Buildings was accompanied by similar protests in other towns and provinces, in a manner that portrayed a solid resolve and unity of purpose, for a cause that defied colour and racial differences that were the norm at the time. The march was the culmination of resistance initiatives by women in the face of state-backed oppression and brutality.
(By Professor Daniel Bradlow)
About eight years ago, the government of Mozambique formed two companies, Proindicus and the Mozambique Asset Management. These two companies entered into loan agreements, valued at approximately $2.2 billion, with creditors including Credit Suisse and VBT Bank. Even though these debts were obligations of the state, some of these debts were hidden from the Mozambique parliament and public. Their existence was exposed in 2016 and precipitated a debt crisis in the country.
(Op-Ed by Dr Ashwanne Budoo)
Since the new wave of the coronavirus disease (COVID-19) in December 2019, many states around the world have taken drastic steps including lockdowns and quarantine to ensure the minimal spread of the virus.
(By Professor Daniel Bradlow)
African sovereign debtors are caught on the horns of a dilemma. On the one hand, they are obliged to help their populations deal with the COVID virus. This requires them to mobilize as quickly as possible the maximum available resources to spend on health care and on supporting people facing hunger, homelessness and unemployment. However, they know that they cannot raise sufficient financing for these purposes merely by mobilizing domestic resources and accessing official sources of finance.