Like in much of Africa, women in Kenya own only a small fraction of property, and less than 14% of Kenya’s real estate brokers are women. For VOA, Juma Majanga reports from Nairobi on the challenges women face in the real estate industry.
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Month: March 2022
WHO Says COVID Boosters Needed, Reversing Previous Call
An expert group convened by the World Health Organization said Tuesday it “strongly supports urgent and broad access” to booster doses, in a reversal of the U.N. agency’s previous insistence that boosters weren’t necessary and contributed to vaccine inequity.
In a statement, WHO said its expert group concluded that immunization with authorized COVID-19 vaccines provide high levels of protection against severe disease and death amid the global circulation of the hugely contagious omicron variant.
It said vaccination, including the use of boosters, was especially important for people at risk of severe disease.
Last year, WHO’s director-general Tedros Adhanom Ghebreyesus called for a moratorium on booster doses while dozens of countries embarked on administering the doses, saying rich countries should immediately donate those vaccines to poor countries instead. WHO scientists said at the time they would continue to evaluate incoming data.
Numerous scientific studies have since proven that booster doses of authorized vaccines help restore waning immunity and protect against serious COVID-19. Booster programs in rich countries including Britain, Canada and the U.S. have been credited with preventing the surge in omicron infections from spilling over into hospitals and cemeteries.
WHO said it is continuing to monitor the global spread of omicron, including a “stealth” version known as BA.2, which has been documented to have re-infected some people after an initial case of omicron. There’s mixed research on whether it causes more severe disease, but vaccines appear just as effective against it.
WHO noted that the current authorized COVID-19 vaccines are all based on the strain that was first detected in Wuhan, China more than three years ago.
“Since then, there has been continuous and substantial virus evolution and it is likely that this evolution will continue, resulting in the emergence of new variants,” the agency said. It added that coronavirus vaccines would likely need to be updated.
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Invasion of Ukraine Prompts Exodus of Western Companies from Russia
A growing number of Western businesses are either halting operations in Russia or exiting altogether over that country’s military incursion of neighboring Ukraine.
The major hit to Russia’s economy will likely come from the crucial oil and gas industry. British-based BP announced Sunday that it is divesting its $14 billion stake in Russian state-owned oil and gas company Rosneft.
Meanwhile, Chief Executive Officer Ben van Beurden of Britain-based Shell Oil Company issued an apology Tuesday for buying Russian crude oil last week, and said it would end all of its operations in Russia, including pipeline gas and liquid natural gas. Shell previously announced it was abandoning its joint venture with state-owned Gazprom and the now-suspended Nord Stream 2 pipeline, built to carry natural gas from Russia to western Europe.
Japanese automakers Toyota and Nissan have announced plans to suspend production at their plants in the western port city of St. Petersburg and end all vehicle exports to Russia. A third Japanese automaker, Honda, has also halted all exports to Russia, including motorcycles and engines.
Another major manufacturing firm cutting ties with Russia is U.S.-based aviation giant Boeing, which has suspended buying titanium for use in building airplanes.
In the clothing sector, legendary U.S.-blue jeans maker Levi Strauss announced Monday that it is suspending sales of its products and ending any new investments in Russia, saying that any business considerations “are clearly secondary to the human suffering experienced by so many.” Levi Strauss said it would donate $300,000 to support humanitarian efforts in Ukraine launched by the International Rescue Committee and CARE.
Financial services companies are also cutting ties. Credit card companies Visa and Mastercard, along with payments company PayPal, all announced last week they were suspending operations in Russia, with high end rival American Express announcing on March 1 that it is halting relationships with Russian banking partners. U.S.-based Vanguard, the world’s top mutual fund investment firm, says it has ended purchases of Russian securities from its actively managed funds and is working to exit its holdings across all of its index funds.
Tech and entertainment companies are also turning their backs on Russia over Ukraine. U.S.-based streaming video service Netflix has suspended all services in Russia and is ending all future projects and acquisitions there, while Hollywood giants Warner Brothers, Disney and Sony Pictures are all delaying the release of new films in Russia. Apple has blocked Russia-based RT News and Sputnik News from its app store outside of Russia, while Google and TikTok have blocked Russian state media channels from their platforms.
Meanwhile, Apple has stopped selling iPhones and other devices inside Russia, while U.S.-based computer maker Dell Technologies has suspended sales of its products in both Russia and Ukraine.
Some information for this report came from The Associated Press and Reuters.
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What Happens in Kenya When Modernization Clashes With Nature?
The tension between nature and modern development is being played out in Kenya. Along Nairobi Expressway’s construction site, workers can be seen wrapping marigolds and other greenery onto industrial beams, a contrast to ongoing welding and excavation activities.
“It’s been nice working with some greenery for a change,” said 32-year-old Julian Wandera, who has been working on the expressway since May 2021. “Especially as the weather gets hotter,” he added.
Aside from the greenery, Kenyan authorities are asking for more trees to be planted by the China Road and Bridge Corporation.
The Nairobi Expressway is Kenya’s first major public-private partnership, which started in October 2019. The Kenya National Highways Authority (KeNHA) has collaborated with the Chinese company, China Road and Bridge Corporation, for the design, construction, and financing of the 27-kilometer road.
Kenya hopes the $600 million toll road sparks modernization and increases tourism as it links Jomo Kenyatta International Airport east of the capital city with the Nairobi-Nakuru highway west of the capitol. In an interview with state outlet Kenya Broadcasting Corportation (KBC), Transport Cabinet Secretary James Macharia said the road will cut down on the city’s notorious traffic from as long as three hours during rush hour to as fast as 20 minutes. Macharia added it would save money lost in bad traffic and create more jobs.
Wandera is one of an estimated 6,000 Kenyans employed by the project. “We should be done by September 2022,” he told VOA. “I’ve learned a lot in the process, and we’ve all gotten along [with the Chinese] for the most part.”
Throughout the construction, CRBC felled an estimated 2,500 trees, according to the National Environment Management Authority’s (NEMA) environmental impact assessment. Trees are needed to mitigate air pollution, improve water quality, provide urban habitats for birds, small invertebrates, and insects, and cultivate the overall livability standard of a city. On Feb. 17, the Director-General of NEMA, Mamo Boru Mamo, ordered CRBC to plant at least 3,000 assorted tree seedlings to not only replace those uprooted during the construction process, but also to contribute to Nairobi’s beautification process.
Mamo also noted that the seedlings must be in compliance with Kenya Forest Service guidelines to prevent the introduction of invasive species.
Lestan Kimiri, the project manager of the Mukogodo Forest Association, believes that the Kenyan government is right to demand replanting as they have evidence that biodiversity was affected. In an email response to VOA, he says that this is part of the construction company’s corporate social responsibility.
“In the modern era, everyone is working to green our cities and towns. Nairobi being Kenya’s capital, it’s right to green it,” Kimiri says. “Remember the polluter pay principle where the company releasing carbon emissions pays for it? Planting of trees and other vegetation is part of it.” He believes that NEMA’s order will set a precedent for the environmental standards expected from foreign contractors.
As China’s engagement with African nations deepens, particularly in the infrastructure development sector, questions about China’s level of commitment to advocating for environmental standards arise.
Elijah Munyi, an assistant professor of International Relations at the United States International University-Africa, focuses on the politics and regimes development in foreign direct investment, particularly in the context of China-Africa relations. In a phone interview with VOA, he said that as African countries are developing internal infrastructure and environmental regulations, the convergence of development and sustainability goals remains a critical matter.
Munyi doubts whether China is committed to upholding high environmental standards. “I’m not completely convinced. Since this is just on Waiyaki Way, it’s super visible. It could be an aesthetic coup over the government and [the] Chinese,” he says. “I wouldn’t think of this as a groundbreaking development. It’s a little addition to mark a very politically important project.”
The major anticipated users of the expressway include embassy employees, politicians, and other high-level individuals, given the tolls that will be required for expressway access.
Neither the Chinese Embassy in Nairobi nor CRBC responded to multiple requests for comments. The beautification process is part of their compliance to the Kenya government’s greening orders.
Last October, China announced a Second Belt and Road initiative which aims to bring a more environmentally friendly approach to building land and sea infrastructure projects from Asia to Africa.
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Study: COVID-19 Can Cause Brain Shrinkage, Memory Loss
COVID-19 can cause the brain to shrink, reduce grey matter in the regions that control emotion and memory, and damage areas that control the sense of smell, an Oxford University study has found.
The scientists said that the effects were even seen in people who had not been hospitalized with COVID, and whether the impact could be partially reversed or if they would persist in the long term needed further investigation.
“There is strong evidence for brain-related abnormalities in COVID-19,” the researchers said in their study, which was released on Monday.
Even in mild cases, participants in the research showed “a worsening of executive function” responsible for focus and organizing, and on an average brain sizes shrank between 0.2% and 2%.
The peer-reviewed study, published in the Nature journal, investigated brain changes in 785 participants aged 51–81 whose brains were scanned twice, including 401 people who caught COVID between their two scans. The second scan was done on average 141 days after the first scan.
The study was conducted when the Alpha variant was dominant in Britain and is unlikely to include anyone infected with the Delta variant.
Studies have found some people who had COVID suffered from “brain fog” or mental cloudiness that included impairment to attention, concentration, speed of information processing and memory. Read full story
The researchers did not say if vaccination against COVID had any impact on the condition but the UK Health Security Agency said last month that a review of 15 studies found that vaccinated people were about half as likely to develop symptoms of long COVID compared with the unvaccinated.
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As Hershey Raises Prices, Ivory Coast Cocoa Farmers Grapple With Climate Change
Chocolate makers are expected to raise prices this year due to higher costs of cocoa from exporters like Ivory Coast, the world’s largest cocoa producer.
Hershey, the largest producer of chocolate products in the United States, said last month it will raise prices on its products across the board due to the rising cost of ingredients.
Meanwhile, chocolate makers like Dana Mroueh said they are seeing cocoa prices rise in Ivory Coast, the world’s biggest cocoa producer.
“We’ve noticed the price of cocoa is going up these few years, especially organic cocoa. So, from the beginning to today, those five years, we can say the price has risen 20 percent,” Mroueh said.
Demand for chocolate in America increased during the COVID-19 pandemic, and cocoa producers in Ivory Coast are struggling to keep up with that demand.
Experts say one reason is the impact of climate change.
Harvard University says that by 2030, parts of West Africa will be too hot and dry to adequately produce cocoa. The West African countries of Ghana and Ivory Coast alone produce 70 percent of global supply.
Cocoa farmer Raphael Konan Kouassi took VOA to his plantation, a shady orchard where fat green and yellow cocoa pods hung from tree trunks. He said trees are yielding less due to rising temperatures and poor rains.
“Almost all of the young plants die in the high season. If you have not been able to get water to them, you have no cocoa,” he said.
Kouassi receives government assistance in the form of cocoa trees, which are more resilient to the fluctuations of climate change, but he said government distributions happen at the wrong time of year for the saplings to survive.
Christian Bunn of the Consortium of International Agricultural Research Centers, a global scientific organization, said information about how the climate is changing can inform farmers on how to better nurture their crops.
“What we’re seeing is that the onset of both dry and wet season can change. It’s less reliable. During the season, there may be breaks in terms of rain during the dry season, or there’s a dry spell during the wet season, and the overall distribution or amounts of rainfall they’re receiving may change,” Bunn said.
The data shows it may be better for farmers to stop producing cocoa and diversify into other crops, he said.
However, Olga Yenou, the CEO of an Ivorian company that supplies The Hershey Company, said higher prices for cocoa could be welcomed by farmers.
“My opinion is that these farmers should have better prices, should earn more, because they work hard. Most are poor,” Yenou said.
Her wish appears to be coming true. As climate change continues to bite, prices continue to surge.
Amazon Rainforest Nears Climate ‘Tipping Point’ Faster Than Expected
Hammered by climate change and relentless deforestation, the Amazon rainforest is losing its capacity to recover and could irretrievably transition into savannah, with dire consequences for the region and the world, according to a study published Monday.
Researchers warned that the findings mean the Amazon could be approaching a so-called tipping point faster than previously understood.
Analyzing 25 years of satellite data, researchers measured for the first time the Amazon’s resilience against shocks such as droughts and fires, a key indicator of overall health.
Resilience has declined across more than three-quarters of the Amazon basin, home to half the world’s rainforest, the researchers reported in the journal Nature Climate Change.
In areas hit hardest by destruction or drought, the forest’s ability to bounce back was reduced by approximately half, co-author Tim Lenton, director of the University of Exeter’s Global Systems Institute, told AFP.
“Our resilience measure changed by more than a factor of two in the places nearer to human activity and in places that are driest,” he said in an interview.
Climate models have suggested that global heating – which has on average warmed Earth’s surface 1.1 degrees Celsius above preindustrial levels – could by itself push the Amazon past a point of no return into a far drier savannah-like state.
If carbon pollution continues unabated, that scenario could be locked in by mid-century, according to some models.
“But, of course, it’s not just climate change – people are busy chopping or burning the forest down, which is a second pressure point,” Lenton said.
“Those two things interact, so there are concerns the transition could happen even earlier.”
Besides the Amazon, ice sheets on Greenland and the West Antarctic, Siberian permafrost loaded with CO2 and methane, monsoon rains in South Asia, coral reef ecosystems, and the Atlantic Ocean current are all are vulnerable to tipping points that could radically alter the world as we know it.
Global fallout
Deforestation in Brazil has surged since far-right President Jair Bolsonaro took office in 2019, hitting a 15-year high last year.
Scientists reported recently that Brazil’s rainforest – 60% of the Amazon basin’s total – has shifted from a “sink” to a “source” of CO2, releasing 20% more of the greenhouse gas into the atmosphere over the past decade than it absorbed.
Terrestrial ecosystems worldwide have been a crucial ally as the world struggles to curb CO2 emissions. Vegetation and soil globally have consistently absorbed about 30% of carbon pollution since 1960, even as emissions increased by half.
“Savannification” of the Amazon would be hugely disruptive, in South America and across the globe.
More than 90 billion tons of CO2 stored in its rainforest – twice worldwide annual emissions from all sources – could be released into the atmosphere, pushing global temperatures up even faster.
Regionally, “it’s not just the forests that take a hit,” said Lenton. “If you lose the recycling of rainfall from the Amazon, you get knock-on effects in central Brazil, the country’s agricultural heartland.”
Ominously, the new findings marshal data pointing in the same direction.
“Many researchers have theorized that a tipping point could be reached,” said co-author Niklas Boers, a professor at the Potsdam Institute for Climate Impact Research in Germany.
“Our study provides vital empirical evidence that we are approaching that threshold.”
‘Saving grace’
To assess change in the resilience of the rainforest, Lenton, Boers and lead author Chris Boulton from Exeter University analyzed two satellite data sets, one measuring biomass and the other the “greenness” of the canopy.
“If too much resilience is lost, dieback may become inevitable – but that won’t become obvious until the major event that tips the system is over,” said Boers.
There may be a “saving grace” that could pull the Amazon back from the brink.
“The rainforest naturally has a lot of resilience – this is a biome that weathered the ice ages, after all,” said Lenton.
“If you could bring the temperature back down again even after passing the tipping point, you might be able to rescue the situation.”
“But that still puts you in the realm of massive carbon dioxide removal, or geoengineering, which has its own risks.”
Just under 20% of the Amazon rainforest – straddling nine nations and covering more than 5 million square kilometers (2 million square miles) – has been destroyed or degraded since 1970, mostly for the production of lumber, soy, palm oil, biofuels and beef.
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Afghanistan Faces Return to Highest Maternal Mortality Rates
Afghanistan faces a serious risk of backtracking to its notoriously high maternal mortality rates because of sudden drops in foreign funding, a shortage of health care workers, mobility restrictions and worsening poverty, health professionals have told VOA.
More than 1,600 Afghan mothers were dying for every 100,000 live births in 2001. With strong technical and financial support from donors, the country reduced the rate to about 640 deaths by 2018.
Donors were spending about $1 billion annually on Afghanistan’s health sector, but all development funding ceased immediately when the Taliban returned to power in August.
The abrupt funding shortage crippled the country’s donor-dependent public health system amid a global pandemic and a nearly universal poverty rate in the country.
By September 2021, more than 80% of the country’s health care facilities were reported as dysfunctional because of a lack of funding and medical supplies and a shortage of personnel.
“After the change of the government in August, there was a significant drop [cumulative around 25%] in the availability and utilization of maternal health services,” Joy Rivaca Caminade, a communication specialist with the World Health Organization in Afghanistan, told VOA.
The United Nations’ children’s agency, UNICEF, gave a similar bleak assessment.
“Following the events of mid-August 2021, Afghanistan’s health sector was close to collapse, with coverage of many lifesaving interventions for women and children falling between 20 and 30% within days,” said Joe English, a UNICEF spokesperson.
Such setbacks have given rise to one of Afghanistan’s long-standing health crises — high maternal mortality.
Mortality rates during childbirth might even have gone back to what they were in 2001, said Nadia Akseer, a scientist at the Bloomberg School of Public Health at Johns Hopkins University.
While there is no data showing how much infant and maternal mortality rates have worsened over the past six months, public health experts say the situation has deteriorated and the future remains uncertain.
Too little aid
After aid organizations warned that Afghanistan was facing widespread starvation and famine during the cold season, Western donors agreed to provide only lifesaving humanitarian assistance, to be delivered through U.N. agencies and nongovernmental organizations.
In December, the World Bank announced it was transferring $100 million from the Afghanistan Reconstruction Trust Fund — a multidonor fund set up to coordinate international aid — to UNICEF and WHO to fund emergency health activities in the country until June 2022.
U.N. agencies have welcomed the funding resumption and say the aid flow must continue or there will be serious public health consequences.
There are also concerns about the insufficiency of the funding as well as the mechanisms established for disbursement.
In addition to the nearly $1 billion in foreign assistance, the former Afghan government used to allocate about $200 million for the health sector from domestic resources annually.
The current humanitarian funding is only a fraction of what the country used to spend on health programs. And while the aid is insufficient, some are criticizing the U.N.-led aid disbursement regime.
“We know that U.N. agencies have high overhead costs, and they have their own fees,” Akseer told VOA, adding that donors must find a more cost-effective aid delivery system and consider removing economic sanctions on Afghanistan.
The World Bank and other Western donors have said no funding should be given to or disbursed through the Afghan Health Ministry, which manages public health facilities and personnel all over the country.
The United States, the largest humanitarian donor to Afghanistan, has imposed strong economic and political sanctions on the Taliban government, blocking access to about $9 billion in foreign assets, held mostly by the U.S. To help mitigate the growing humanitarian crisis in Afghanistan, the U.S. Treasury has issued special licenses for the delivery of essential aid to needy Afghans on the condition that the aid will not directly benefit the Taliban.
U.N. and partner health care NGOs use foreign funds to ensure health facilities remain operational and to tackle a host of public health crises facing Afghanistan, including the pandemic, a recent increase in measles cases, growing malnutrition among children, and infectious diseases — not just infant and maternal health.
Brain drain
According to a Doctors Without Borders statement on February 23, “The Afghan heath system has been under-funded, under-staffed and dysfunctional for years. Most health facilities in Afghanistan remain under great pressure due to shortages of staff and equipment—some are barely functioning or are closed altogether.”
Even in 2016, Afghanistan had the lowest number of doctors per every 1,000 people (0.3) in Asia, according to the World Bank.
Tens of thousands of educated Afghans, among them health care professionals affiliated with international organizations, have been evacuated out of Afghanistan over the past six months.
This has created a “brain drain of health professionals,” Akseer said.
“Let’s say a midwife who worked in a typical village in Afghanistan and who was trained by an international organization, that affiliation is her ticket out of the country.”
WHO confirmed the shortage of health professionals but added there was no data to measure how this was impacting the delivery of essential health services across the country.
Afghanistan’s health problems have been compounded by economic and institutional crises.
“The increase in poverty to over 97%, the large-scale loss of livelihoods, and widespread displacement do not bode well for maternal and child health,” said English, the UNICEF spokesperson.
The Taliban’s restrictions on women’s mobility has also limited Afghan mothers’ access to health care services, aid agencies say.
“It’s very possible that just in the past six months we’ve seen higher rates of maternal mortality and maternal illness than maybe the country has seen in the past 15 years,” Akseer said.
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US Delegation Travels to Venezuela to Explore Easing Sanctions
A delegation of senior U.S. officials visited Venezuela Saturday for talks with members of President Nicolas Maduro’s government to explore the possibility of easing U.S. sanctions against the major oil producer.
White House press secretary Jen Psaki said Monday the U.S. delegation discussed a range of issues, including energy security, as well as the health and welfare of detained U.S. citizens.
She said those two issues were “separate paths and conversations.”
Sources who participated in the talks told media outlets the discussions had been in the works behind the scenes for months but took on new urgency with the Russian invasion of Ukraine.
Venezuela’s oil production has plummeted over the last two decades, down from roughly 3 million barrels per day in 2002 to fewer than 800,000 barrels per day at the start of this year, according to OPEC. Even so, the country’s crude exports could offset the fallout from a possible oil embargo against Russia. The South American country is also Russian President Vladimir Putin’s strongest ally in the Western Hemisphere.
The U.S. under former President Donald Trump broke off diplomatic relations with Venezuela in 2019, after the U.S. recognized opposition leader Juan Guaidó as the country’s legitimate president, accusing Maduro of rigging the presidential reelection. The Trump administration also blocked all U.S. revenue to Venezuela’s national oil company.
The Wall Street Journal reports that in recent weeks, some U.S. investors have called on the Biden administration to lift sanctions on Venezuela so it can send more crude oil into the market. That would fill the gap if Western nations decide to impose a boycott on Russian oil. Chevron has also lobbied the administration to modify its license to accept and trade oil in Venezuela.
The sources say the U.S. delegation to Venezuela was led by Juan Gonzalez, National Security Council senior director for the Western Hemisphere; James Story, ambassador to Venezuela; and Roger Carstens, special presidential envoy for hostage affairs. Carstens was the top U.S. diplomat in Caracas when the Trump administration broke off relations with Maduro in 2019.
Carstens previously traveled to Caracas in December and met in jail with six oil executives from Houston-based Citgo, former U.S. Marine Matthew Heath and two former Green Berets arrested in connection with a failed raid aimed at toppling Maduro that was staged from neighboring Colombia.
The U.S. State Department and Venezuela’s Information Ministry declined direct comment on the talks. But Reuters reports little progress was made as both sides made what were characterized as “maximalist demands,” reflecting longtime tensions between the Western Hemisphere’s main power and one of its biggest ideological foes.
Some information for this report came from The Associated Press and Reuters.
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Libya Oil Production Falls After 2 Crucial Fields Shut Down
Libya’s national oil company said Sunday that an armed group has shut down two crucial oil fields, causing the country’s daily production of oil to drop by 330,000 barrels.
The state-run National Oil Corporation said the group closed pump valves at the Sharara field, Libya’s largest, and el-Feel, effectively stopping production in both areas. Before the shutdown, Libya’s production of oil was at around 1.2 billion barrels per day.
Company head Mustafa Sanallah announced a force majeure, a legal maneuver that lets a company get out of its contracts because of extraordinary circumstances.
He said the closures cost Libya more than $160 million ($34.6 million) per day in lost revenues.
Sanallah said the NOC has urged public prosecutors “to take deterrent measures” and reveal “the planners, executors and the beneficiaries” of the shutdown. The same militia disrupted oil production at both fields in 2014 and 2016, he added.
An oil official in the capital Tripoli said the militia that shut down the fields is from the mountainous town of Zintan, around 136 kilometers (over 84 miles) southwest of Tripoli.
Tribal leaders in the area were negotiating with the militia leaders to allow the resumption of oil production, said the official, who spoke on condition of anonymity because he was not authorized to brief the media.
The shutdown came as the Russian invasion of Ukraine has shaken markets worldwide, causing crude oil prices to soar above $115 per barrel.
Libya has the ninth-largest known oil reserves in the world, and the biggest oil reserves in Africa.
The dizzying developments in Libya’s oil fields have come amid a mounting standoff between two rival governments which threaten to again drag the country into chaotic infighting.
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Sanctioning Russia Curtails North Korea’s Hard Currency Intake
As international sanctions on Moscow have triggered a decrease in the ruble’s value, North Korean workers in Russia are struggling to meet the remittance quotas set by Pyongyang, according to multiple sources in Russia and official North Korean documents obtained by VOA’s Korean Service.
North Korea is believed to use the hard currency to fund development of its weapons.
North Koreans working at Pyongyang’s entities and front companies contracted with enterprises in Russia are paid in rubles. As of 2020, there were 1,000 North Koreans working in Russia, according to the Russian Foreign Ministry.
Because the regime prefers dollars to rubles, the North Koreans convert their rubles before remitting them to Pyongyang. The sharp drop of the ruble has slashed the amount of dollars North Korean workers can send back to Pyongyang. When Russia invaded Ukraine on Feb. 24, $1 was worth 84.05 rubles. On March 4, $1 was worth 106.47 rubles.
VOA’s Korean Service is in regular contact with several sources in Russia who are familiar with the situation of North Korean workers there. Only the most trusted North Koreans are allowed to work in Russia and elsewhere outside their country.
Workers are “feeling extreme pressure from their supervisors” at North Korean enterprises operating in Russia, said one source who said the workers fear further devaluation of the ruble and are in a panic-driven rush to convert rubles to dollars.
The service has verified the credibility of the sources in Russia and to protect their identities, cannot reveal further information about them. The sources provided several documents including the list of monthly remittance quotas and instructions for meeting them.
Devalued ruble
The ruble plunged below $0.01 in value this week after the U.S. and European countries imposed sanctions against Russia on Feb. 26 to financially isolate and punish Moscow for invading Ukraine.
Included in the sanctions was a ban on several Russian banks from accessing the SWIFT global bank payment system.
Eager for foreign currency, Pyongyang has long dispatched North Korean workers to Russia to make money. The U.S. estimated 30,000 were in Russia before the U.N. issued sanctions in December 2017 banning countries from authorizing work permits to North Koreans. Many remain in Russia and work using student or travel visas.
North Koreans work in various sectors but most are employed on construction or logging projects.
From January to August 2022, each North Korean construction worker was expected to remit $6,500 in dollars, according to a monthly list of quotas set by Pyongyang and obtained by VOA’s Korean Service.
That was equivalent to 710,000 rubles using the current exchange rate of 110 rubles per dollar. In October 2021, $6,500 was equivalent to 460,000 rubles when the exchange rate was 70 rubles per dollar.
This means North Koreans must now earn 30% to 40% more to fulfill the required remittance quotas.
North Korea “doesn’t need rubles and requires the payments in dollars only,” said a source. “It won’t reduce the quota amounts that were ordered to be submitted unconditionally” despite the ruble’s fall.
A copy of a document obtained by VOA’s Korean Service included instructions for workers to meet quotas “unconditionally.”
In addition to the money destined for Pyongyang, each worker must earn approximately 30,000 rubles per year to pay to Russian universities to obtain a student visa.
Financial pressure
In December, the U.S. ostracized Moscow-based university European Institute Justo and its provost for sponsoring student visas for North Korean workers whose income the Treasury Department said supported Pyongyang’s weapons program.
Additionally, the SWIFT ban on Russian banks restricted North Korean workers from sending money to Pyongyang. The dollar-based SWIFT global messaging network is used by more than 11,000 financial institutions in 200 plus countries to send and receive information about cross-border transactions.
North Korean workers in Russia now “can’t send money” using their old method, said Heo Kang Il, a former manager of a North Korean restaurant in China, who spoke with VOA’s Korean Service.
Heo said North Korean entities in Russia used to deposit their earnings to North Korean banks operating secretly in Russia. Then the banks would wire the money to a global online payments system using online accounts created under pseudonyms in China. From there, the money was sent to Pyongyang.
VOA’s Korean Service contacted the North Korean mission to the U.N. to obtain Pyongyang’s position on the economic impact the drop in the ruble’s value is expected to have on Pyongyang but did not get a reply.
William Brown, a former CIA analyst who closely monitors the North Korean economy, said difficulties faced by heavily sanctioned countries like North Korea and now Russia could lead them to forge closer trade and financial relations.
“They are going to create a sort of an island of sanctioned countries – North Korea, Russia now, and Iran,” said Brown.
“So the more this island gets bigger, the more they’ll trade and invest within that group,” he said. “In the Cold War era, we didn’t do much business with any of the bloc [made of] China, Russia, Eastern Europe, all those countries. There were essentially two separate financial systems. They did a lot of trade finance amongst themselves.”
Bradley Babson, a former World Bank adviser and current advisory council member of the Korea Economic Institute of America, said Pyongyang will now forge even closer economic ties with its top trading partner China.
The North Koreans “are going to have to rely almost entirely on China for whatever economic benefits that they can get out of opening up their trade relationship and whatever remittances they might be able to receive from North Koreans working in China as opposed to Russia.”
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Malawi Moves to Reduce Rise in Pangolin Trafficking
Trafficking in pangolins continues to rise in Malawi as the country registers a drop in ordinary wildlife crime, such as trafficking in elephant tusks and rhino horns. Wildlife authorities say pangolin-related arrests in Malawi more than tripled between 2019 and 2020. Police in Malawi say a month rarely passes with no pangolin-related arrest. Authorities fear this may lead to extinction of the endangered mammals.
The latest is the arrest last Thursday of five people in Mangochi district, in the south of Malawi after they were found selling a live pangolin.
“The four suspects are Malawian while their accomplice is a well-known businessman from Pakistan,” said Ameena Tepani Daudi, who speaks for the police in the district. “The five were arrested at the Pakistan national’s house following a tip from members of the community. We found all of them in a bedroom while negotiating about selling price. And the pangolin was found hidden in a sack bag.”
Daudi said via a messaging app that suspects are expected in court soon.
“All suspects have been charged with illegal possession of specimens of listed species which contravenes section 110(b) of National Parks and Wildlife Act. And they will appear before court, possibly next week,” she added.
Police say the incident is among many pangolin-trafficking arrests in recent years.
Last year’s report by Lilongwe Wildlife Trust says Malawi is a range state for the Temminck’s ground pangolin, the only pangolin species found in southern Africa, now threatened with extinction.
Brighton Kumchedwa, the director of Malawi’s Department of National Parks and Wildlife, says the increase in pangolin trafficking is not surprising, considering recent research estimating that global pangolin populations have declined by 80% in the last 20 years.
“For Malawi, we can speculate that a shift from ivory trafficking to pangolin is because, one, the size of a pangolin is so small, easy to conceal but also it is fetching a reasonable amount of money on a black market. But also the existence in the country of foreign nationals that eat pangolin pangolins as delicacy, but also use of scales in medicine, that’s why an increase in pangolin trafficking,” he said.
Kumchedwa says last week’s arrest of a Pakistani national in connection with pangolin trafficking confirms that the presence of some foreign nationals, particularly from Asia is fueling trafficking in pangolin.
Kumchdewa says strategies are in place to prevent possible extinction of the endangered mammals in Malawi and these include stiffer penalties to perpetrators.
According to the revised anti-wildlife-trafficking law in Malawi, perpetrators caught in possession of live pangolins or any of their derivatives face a prison sentence of up to 30 years, with no option for a fine.
“But also we have our own investigation unit, which is helping quite a lot, because it is largely intelligence-led law enforcement. But also, more than that, is how the courts have indeed applied the law. They are giving custodial sentences. We are seeing people taken to jail for seven years, five years found in possession of a pangolin,” he said.
Kumchedwa asked Malawians to be more patriotic and help the government by reporting to authorities about people involved in illegal pangolin trade, as well as in other protected animals.
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Mastercard, Visa Suspend Operations in Russia After Invasion
Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its invasion of Ukraine.
Mastercard said cards issued by Russian banks will no longer be supported by its network and any Mastercard issued outside the country will not work at Russian stores or ATMs.
“We don’t take this decision lightly,” Mastercard said in a statement, adding that it made the move after discussions with customers, partners and governments.
Visa said it’s working with clients and partners in Russia to cease all Visa transactions over the coming days.
“We are compelled to act following Russia’s unprovoked invasion of Ukraine, and the unacceptable events that we have witnessed,” Visa Chairman and Chief Executive Officer Al Kelly said in a statement.
The twin suspensions were announced within 16 minutes of each other, and they followed a private video call earlier in the day between President Volodymyr Zelenskyy of Ukraine and U.S. lawmakers. During that conversation, Zelenskyy “asked us to turn off MasterCard and Visa for Russia,” Rep. Brad Sherman, a Democrat from California, tweeted. “I agree,” he added, before Mastercard and Visa made their announcements.
Earlier in the week, Visa and Mastercard had announced more limited moves to block financial institutions from the networks that serve as arteries for the payments system. Russian people have already been hit hard by heavy sanctions and financial penalties imposed by the U.S. government and others.
Since the invasion of Ukraine, the value of the Russian currency, the ruble, has plunged by more than a third to a record low. That’s pushing up inflation for Russian households, and all the fear has helped cause long lines at ATMs.
Many other companies around the world have also made moves to increase the financial pressure on Russia and its people because of its attack on Ukraine. Some are selling their stakes in Russian companies, such as energy giant BP, while others like Harley-Davidson halted product shipments to the country.
“This war and the ongoing threat to peace and stability demand we respond in line with our values,” Visa’s Kelly said.
The moves by Mastercard and Visa could make real differences to their bottom lines. Russia accounted for 4% of all of Visa’s net revenue in its last fiscal year, including money made from domestic and cross-border activities. Ukraine accounted for about 1%, Visa said in a filing with U.S. securities regulators this week.
Mastercard said in its own filing that about 4% of its net revenues during 2021 came from business conducted within, into and out of Russia. Another roughly 2% was related to Ukraine.
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To Fight Its War, Russia Closing Digital Doors
Russia’s blocking of Facebook is a symptom of its broader effort to cut itself off from sources of information that could imperil its internationally condemned invasion of Ukraine, experts say.
The often-criticized social network is part of a web of information sources that can challenge the Kremlin’s preferred perspective that its assault on Ukraine is righteous and necessary.
Blocking of Facebook and restricting of Twitter on Friday came the same day Moscow backed the imposition of jail terms on media publishing “false information” about the military.
Russia’s motivation “is to suppress political challenges at a very fraught moment for (Vladimir) Putin, and the regime, when it comes to those asking very tough questions about why Russia is continuing to prosecute this war,” said Steven Feldstein, a senior fellow at the Carnegie Endowment for International Peace.
Russia thus joins the very small club of countries barring the largest social network in the world, along with China and North Korea.
Moscow was expected to quickly overpower its neighbor but the campaign has already shown signs that it could go longer and could lead to the unleashing of its full military ferocity.
“It’s a censorship tool of last resort,” Feldstein added. “They are pulling the plug on a platform rather than try to block pages or use all sorts of other mechanisms that they traditionally do.”
Earlier this week independent monitoring group OVD-Info said that more than 7,000 people in Russia had been detained at demonstrations over Moscow’s invasion of Ukraine.
Web monitoring group NetBlocks said Russia’s moves against the social media giants come amid a backdrop of protests “which are coordinated and mobilized through social media and messaging applications.”
The war is meanwhile taking place during a period of unprecedented crackdown on the Russian opposition, with has included protest leaders being assassinated, jailed or forced out of the country.
‘No access to truth’
Since Moscow’s invasion of Ukraine last week, Russian authorities have stepped up pressure against independent media even though press freedoms in the country were already rapidly waning.
In this context, Facebook plays a key information distribution role in Russia, even as it endures withering criticism in the West over matters ranging from political division to teenagers’ mental health.
Natalia Krapiva, tech legal counsel at rights group Access Now, said social media has been a place where independent, critical voices have been talking about the invasion.
“Facebook is one of the key platforms in Russia,” she said, adding that its loss is “a devastating blow to access to independent information and for resistance to the war.”
Russia has been hit with unprecedented sanctions from the West over the invasion, but also rejections both symbolic and significant from sources ranging from sporting organizations to U.S. tech companies.
Facebook’s parent Meta and Twitter however have engaged on the very sensitive issue of information by blocking the spread of Russian state-linked news media.
Russia’s media regulator took aim at both, with Roskomnadzor accusing Facebook of discrimination toward state media.
Big U.S. tech firms like Apple and Microsoft have announced halting the sale of their products in Russia, while other companies have made public their “pauses” of certain business activities or ties.
On Friday U.S. internet service provider Cogent Communications said it had “terminated its contracts with customers billing out of Russia.”
The Washington Post reported Cogent has “several dozen customers in Russia, with many of them, such as state-owned telecommunications giant Rostelecom, being close to the government.”
It’s exactly the kind of measure Ukrainian officials have been campaigning heavily for as they ask Russia be cut off from everything from Netflix to Instagram.
Yet experts like Krapiva worry about what that would mean for dissenting or critical voices inside Russia.
“There’s a risk of people having no access to truth,” she said.
“Some Ukrainians have been calling for disconnecting Russia from the internet, but that’s counterproductive to disconnect civil society in Russia who are trying to fight.”
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Will COVID Mutate in Animals and Jump Back to Humans?
A new variant of the coronavirus found in white-tailed deer in Canada was later discovered in a person who lived nearby and had contact with the deer population, according to a recent study. The researchers say it’s possible the deer transmitted the virus to the human.
Emerging evidence that COVID-19 is gaining a foothold in wildlife could have negative long-term consequences for humans, according to Nükhet Varlik, associate professor of history at Rutgers University-Newark.
“Even if we managed to vaccinate the entire human population, the disease can still come back — from the animals back to us — which is, in fact, what happened with some of the other historical pandemics,” Varlik says. “So, in the long term, I don’t think COVID can be eradicated, to be honest.”
Six out of every 10 infectious diseases in people are zoonotic, meaning they pass between species, from animals to humans.
Examples of zoonotic viruses include the flu, West Nile virus, the plague, rabies and Lyme disease.
The coronavirus outbreak has been linked to a market in Wuhan, China, where live animals were slaughtered on site. And although the virus is classified as zoonotic, no animal reservoir of the disease has been found.
Any new COVID-19 variant that animals might pass back to humans has the potential to mutate into something totally new.
“It’s definitely going to evolve differently in an animal than it will in a human,” says Cody Warren, a virologist and immunologist who is a postdoctoral fellow at the University of Colorado Boulder. “Now we have what we’re considering a human virus trying to evolve to grow in an animal, and so, it’s going to undergo its own unique evolutionary trajectory in that animal.”
Multiple COVID-19 variants such as delta and omicron have been found in humans, and scientists cannot rule out the possibility that some variants came from animals.
“Most of the attention and resources are focusing on, ‘How do we test humans?’ and ‘How do we coordinate hospital beds?’” says Suresh Kuchipudi, a professor and chair of emerging infectious diseases at Pennsylvania State University. “But, in this process, we haven’t really been looking at animals. …That’s why we have a lot of missing links to trace back the origins of these viruses. So, it may be that we haven’t been looking into some animal species in some part of the world where this evolution largely may have happened. We have lots of gaps in connecting the dots.”
Kuchipudi, a veterinary virologist, co-authored a separate study that found evidence of COVID-19 in white-tailed deer in Staten Island, New York. Researchers tested the animals between December 12, 2021, and January 31, 2022, and found COVID-19 antibodies in 19 of the 131 animals sampled.
When a virus goes from humans back into animals, the process is referred to as spillback.
“And what I think is most concerning about that is that it gives new opportunities for the virus to evolve in new, unique and innovative ways,” says Warren. “And that virus could potentially evolve in a way and then jump back into humans and spread again throughout the human population as a new disease.”
Kuchipudi emphasizes the need to begin monitoring high-risk animals where the force of infection is high and based on their frequent exposure to humans in order to stop, or at least minimize, transmissions from animals to humans.
“Then we can track down what is happening in terms of the virus evolution. But will we also be able to determine what are the routes through which this exposure has happened? Is it through wastewater or leftover food?” says Kuchipudi. “Although we found deer have the virus, it is not entirely clear how the free-living deer, that don’t really come close to humans typically, are picking up the infection.”
Right now, there is no coordinated, concerted effort nationally or internationally to address the problem of COVID-19 in animals, according to Kuchipudi. But he is hopeful that is changing. The American Rescue Plan provides $300 million for the monitoring and surveillance of animals believed susceptible to COVID-19.
“I see a lot of momentum happening,” Kuchipudi says. “A lot of relevant people recognize this is a problem. And I think most federal and state agencies are very seriously discussing looking into this.”
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Ukraine Digital Army Brews Cyberattacks, Intel and Infowar
Formed in a fury to counter Russia’s blitzkrieg attack, Ukraine’s hundreds-strong volunteer “hacker” corps is much more than a paramilitary cyberattack force in Europe’s first major war of the internet age. It is crucial to information combat and to crowdsourcing intelligence.
“We are really a swarm. A self-organizing swarm,” said Roman Zakharov, a 37-year-old IT executive at the center of Ukraine’s bootstrap digital army.
Inventions of the volunteer hackers range from software tools that let smartphone and computer owners anywhere participate in distributed denial-of-service attacks on official Russian websites to bots on the Telegram messaging platform that block disinformation, let people report Russian troop locations and offer instructions on assembling Molotov cocktails and basic first aid.
Zahkarov ran research at an automation startup before joining Ukraine’s digital self-defense corps. His group is StandForUkraine. Its ranks include software engineers, marketing managers, graphic designers and online ad buyers, he said.
The movement is global, drawing on IT professionals in the Ukrainian diaspora whose handiwork includes web defacements with antiwar messaging and graphic images of death and destruction in the hopes of mobilizing Russians against the invasion.
“Both our nations are scared of a single man — (Russian President Vladimir) Putin,” said Zakharov. “He’s just out of his mind.” Volunteers reach out person-to-person to Russians with phone calls, emails and text messages, he said, and send videos and pictures of dead soldiers from the invading force from virtual call centers.
Some build websites, such as a “site where Russian mothers can look through (photos of) captured Russian guys to find their sons,” Zakharov said by phone from Kyiv, the Ukrainian capital.
The cyber volunteers’ effectiveness is difficult to gauge. Russian government websites have been repeatedly knocked offline, if briefly, by the DDoS attacks, but generally weather them with countermeasures.
It’s impossible to say how much of the disruption — including more damaging hacks — is caused by freelancers working independently of but in solidarity with Ukrainian hackers.
A tool called “Liberator” lets anyone in the world with a digital device become part of a DDoS attack network, or botnet. The tool’s programmers code in new targets as priorities change.
But is it legal? Some analysts say it violates international cyber norms. Its Estonian developers say they acted “in coordination with the Ministry of Digital Transformation” of Ukraine.
A top Ukrainian cybersecurity official, Victor Zhora, insisted at his first online news conference of the war Friday that homegrown volunteers were attacking only what they deem military targets, in which he included the financial sector, Kremlin-controlled media and railways. He did not discuss specific targets.
Zakharov did. He said Russia’s banking sector was well fortified against attack but that some telecommunications networks and rail services were not. He said Ukrainian-organized cyberattacks had briefly interrupted rail ticket sales in western Russia around Rostov and Voronezh and knocked out telephone service for a time in the region of eastern Ukraine controlled by Russian-backed separatists since 2014. The claims could not be independently confirmed.
A group of Belarusian hacktivists calling themselves the Cyber Partisans also apparently disrupted rail service in neighboring Belarus this week seeking to frustrate transiting Russian troops. A spokeswoman said Friday that electronic ticket sales were still down after their malware attack froze up railway IT servers.
Over the weekend, Ukraine’s minister of digital transformation, Mykhailo Fedorov, announced the creation of an volunteer cyber army. The IT Army of Ukraine now counts 290,000 followers on Telegram.
Zhora, deputy chair of the state special communications service, said one job of Ukrainian volunteers is to obtain intelligence that can be used to attack Russian military systems.
Some cybersecurity experts have expressed concern that soliciting help from freelancers who violate cyber norms could have dangerous escalatory consequences. One shadowy group claimed to have hacked Russian satellites; Dmitry Rogozin, the director general of Russia’s space agency Roscosmos, called the claim false but was also quoted by the Interfax news agency as saying such a cyberattack would be considered an act of war.
Asked if he endorsed the kind of hostile hacking being done under the umbrella of the Anonymous hacktivist brand — which anyone can claim — Zhora said, “We do not welcome any illegal activity in cyberspace.”
“But the world order changed on the 24th of February,” he added, when Russia invaded.
The overall effort was spurred by the creation of a group called the Ukrainian Cyber Volunteers by a civilian cybersecurity executive, Yegor Aushev, in coordination with Ukraine’s Defense Ministry. Aushev said it numbers more than 1,000 volunteers.
On Friday, most of Ukraine’s telecommunications and internet were fully operational despite outages in areas captured by invading Russian forces, said Zhora. He reported about 10 hostile hijackings of local government websites in Ukraine to spread false propaganda saying Ukraine’s government had capitulated.
Zhora said presumed Russian hackers continued trying to spread destructive malware in targeted email attacks on Ukrainian officials and — in what he considers a new tactic — to infect the devices of individual citizens. Three instances of such malware were discovered in the runup to the invasion.
U.S. Cyber Command has been assisting Ukraine since well before the invasion. Ukraine does not have a dedicated military cyber unit. It was standing one up when Russia attacked.
Zhora anticipates an escalation in Russia’s cyber aggression — many experts believe far worse is yet to come.
Meantime, donations from the global IT community continue to pour in. A few examples: NameCheap has donated internet domains while Amazon has been generous with cloud services, said Zakharov.
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Tech Firms Move Fast, Create Restrictions Within Ukraine-Russia Conflict
The Russian war on Ukraine is also happening online, as people share images from around Ukraine. Caught in the middle are U.S. technology firms, which have taken steps to curtail Russian propaganda and make changes for Ukrainians’ safety. But it’s a fine line to walk as VOA’s Michelle Quinn reports.
Produced by: Matt Dibble
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Nigeria to Supply Equatorial Guinea With Natural Gas
Nigeria has agreed to supply natural gas to Equatorial Guinea at Nigeria’s International Energy Summit in Abuja. African energy experts are urging quick implementation of the gas deal amid high demand and supply disruptions caused by Russia’s invasion of Ukraine.
This week’s signing of a gas deal by Nigeria’s minister of state for petroleum, Timipre Sylva, and his Guinean counterpart, Gabriel Lima, is a testament to Africa’s untapped gas market.
The deal seeks to supply Nigerian gas to Guinea’s processing site in Punta Europa.
Sylva said the deal would allow much of Nigeria’s unused gas to access the global market within two years — a timely development, experts said.
Gbenga Komolafe, head of Nigeria’s Upstream Petroleum Regulatory Commission, said, “The supply disruptions caused by Russia’s invasion of Ukraine resulted in an upward surge of crude oil prices, surpassing $100 per barrel for the first time since 2014. This development offers market potential for Nigeria to key into maximizing its oil and gas assets.”
African energy experts at the signing urged officials of both countries to expedite the implementation of the deal.
Komolafe said African countries need to carry out increased exploration and adopt advanced technology to maximize production yields to increase oil and gas reserves.
Gas supply
Nigeria ranks among nine countries with the highest gas reserves in the world. In January, Nigeria’s gas reserves rose by 1.4% from the previous year. But the market remains largely untapped and previous attempts by authorities to initiate gas deals fell apart.
Nigerian authorities last week said they were willing to invest more and focus on natural gas exploration.
Simbi Wabote, executive secretary at the Nigerian Content Development and Monitoring Board, said, “It is time for us to synergize as Africa in order to expand that opportunity beyond the shores of Nigeria.”
But officials said a lack of prior investments in the energy sector could limit this opportunity for African countries.
“There’s a clear demand and supply gap that we’re seeing today, and that’s why we’re seeing the $104 oil prices in the market today,” said Mele Kyari, managing director of the Nigerian National Petroleum Commission. “No one has invested significantly in the last 10 years, more so in the last five years, to an extent that we’re seeing the effect of what that truly means.”
For now, officials and experts will be eager to see how this gas deal changes the status quo.
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Russian Space Agency Chief Threatens to End Cooperation Over Western Sanctions
The head of Russia’s space agency, Roscosmos, is again threatening to end service to the International Space Station, saying Russia will stop supplying rocket engines to the United States and may curtail cooperation on the station in retaliation for Western sanctions against Russia for the invasion of Ukraine. NASA says operations on the orbiting observatory are normal.
In an interview with Russian state television Thursday, Roscosmos chief Dmitry Rogozin said, considering the situation, “We can’t supply the United States with our world’s best rocket engines. Let them fly on something else, their broomsticks, I don’t know what.”
Rogozin said Russia has delivered 122 RD-180 engines to the U.S. since the 1990s, of which 98 have been used to power Atlas launch vehicles. The Washington Post said the engines are also used by United Launch Alliance, the joint venture of Lockheed Martin and Boeing to launch national security missions for the Pentagon.
Russia said it would cut off the supply of the RD-181 engines used in Northrop Grumman’s Antares rocket, which is used to fly cargo and supplies to the International Space Station.
Projects with Germans scrapped
Rogozin tweeted Thursday that Russian cosmonauts would not cooperate with Germany on joint experiments on the Russian segment of the ISS. Roscosmos will conduct them independently. He went on to say the “Russian space program will be adjusted against the backdrop of sanctions; the priority will be the creation of satellites in the interests of defense.”
Earlier in the week, in another interview with state television, Rogozin noted Russia is responsible for space station navigation, as well as fuel deliveries to the orbiting lab. He said Roscosmos “will closely monitor the actions of our American partners and, if they continue to be hostile, we will return to the question of the existence of the International Space Station.”
Russia had announced earlier that it was suspending cooperation with Europe on space launches from the Kourou spaceport in French Guiana in response to Western sanctions.
Cooperation in space has traditionally avoided politics, and when asked about the situation Tuesday during a meeting of the NASA Advisory Council, NASA Administrator Bill Nelson said, “Despite the challenges here on Earth, and they are substantial …. NASA continues the working relationship with all our international partners to ensure their safety and the ongoing safe operations of the ISS.”
Some information for this report came from Reuters.
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Argentina Signs $45 Billion IMF Deal to Help Restructure Debt
Argentina has signed a $45 billion agreement with the International Monetary Fund (IMF) to help restructure and delay its debt payments.
Negotiations about revamping the country’s debt payments have taken almost two years. That’s leaving Argentina now racing to finalize the deal with the IMF ahead of an essential “cliff payment” deadline this month, which could amount to about $2.8 billion.
Argentina’s finance minister and chief negotiator for the IMF, Martín Guzman, says the bill may be sent to the lower house of congress next week.
If the bill is approved in congress, President Alberto Fernández says payments would start being made in 2026 and would be completed by 2034. While the government said it will replace a $57-billion loan from the IMF 2018 bailout in January 2023, IMF head Kristalina Georgieva says there is still much more work to be done, referring to potential political opposition in congress.
The IMF says the executive board will meet once the Argentine National Congress signs off on a bill to assent to “the economic and financial program embodied in the Memorandum of Economic and Financial Policies.”
“The law that enables the treatment of the Memorandum of Understanding with the IMF for its approval or rejection will formally enter into this chamber,” the head of Argentina’s lower house said in a statement on Wednesday.
The agreement contains measures to promote growth and protect social programs as part of a 30-month Extended Fund Facility to confront “the country’s most pressing economic challenges,” according to a statement from the IMF on Thursday.
Some information in this report came from the Associated Press and Reuters.
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