CRISTINA FERNÁNDEZ, President of Argentina, said most of the problems facing the world today resulted from a lack of democratic multilateralism. In that context, she welcomed the vote by the Assembly on resolution 68/304, to restructure the foreign debts of all countries. That had long been before the Assembly, which had called for reform of the international financial system and the Security Council. Argentina had previously experienced the kind of economic and financial crisis that had spread throughout the world in 2008, when, in 2001, it had been forced to default on its sovereign debt. Contributing to that collapse were the creditors’ terms that had been forced upon the Read More
India’s foreign policy is an independent one and no major power can impose its will on the “giant elephant” of South Asia, a leading Chinese daily said in an article Tuesday, while underlining the importance of the Sino-Indian relationship.
The bilateral ties were complementary and improving, as the two neighbours have found a “practical and postive” way to manage their territorial dispute, the People’s Daily said.
“India, the ‘giant elephant’ of South Asia, operates an independent foreign policy,” the People’s Daily in its online edition said in an article headlined “Japan cannot rely on India to counter China”.
The paper, which is the mouthpiece of the ruling Communist Party of China, highlighted Read More
In a statement, Comesa said at least 13 countries were so far benefitting from the first tranche of the funds amounting to US$102 865 733,84 which was provided under the 9th EDF for the period 2008 to 2014.
The countries include Burundi, Djibouti, DR Congo, Comoros, Kenya, Malawi, Mauritius, Rwanda, Seychelles, Swaziland, Uganda, Zambia and Zimbabwe.
Four additional countries were expected to join in the 10th EDF running from 2014 to 2016, bringing the total number of eligible states to 17.
The objective of the RISM is to Read More