MischievousMonkey
Gor bu dëgër
No English source yet because he just announced it live but I'll post it when it's out.
Macron announces that African nations' debt might be massively written off
- Thread starter MischievousMonkey
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xoxodede
Superstar
French President announces possibility of debt cancellation for African countries - Vatican News
French President announces possibility of debt cancellation for African countries
French President Macron on Monday opens possibility of cancelling debt for some African countries and extends lockdown.
By Fr. Benedict Mayaki, SJ
French President Emmanuel Macron addressed French citizens on coronavirus and confinement measures on Monday. In that address, he announced the possibility of canceling the debt of African countries to assist them in their fight against the Covid-19 virus.
The French President made this statement toward the end of his speech during which he extended lockdown measures in the country till 11 May. He also called for unity in the fight against the virus. The world is at a “moment of truth”, he said, and it is our “responsibility to build new forms of solidarity and cooperation.”
Turning his thoughts towards Africa, he said: “We must also know how to help our African neighbours fight the virus more effectively. We must help them economically too by canceling their debts.”
Pope Francis’ call
During his Urbi et orbi blessing on the occasion of Easter Sunday on 12 April, Pope Francis appealed for international sanctions to be relaxed in the light of the present circumstances caused by the pandemic. Noting that vulnerable people tend to be abandoned, Pope Francis made this call so that the countries on which sanctions have been imposed would be able to “provide adequate support to their citizens.” The Pope also reminded the world that this is not the time for indifference, self-centeredness or division.
“May all nations be put in a position to meet the greatest needs of the moment through the reduction, if not the forgiveness, of the debt burdening the balance sheets of the poorest nations,” Pope Francis said.
Coronavirus
France has been the third country most affected by the coronavirus in Europe, after Italy and Spain. There have been 136,779 confirmed cases with over 14,000 deaths and 35,435 recovered patients. Since 17 March, the French population has been asked to stay home as a precautionary measure against the spread of the Covid-19 virus. The lockdown was originally scheduled to end on 14 April.
French President announces possibility of debt cancellation for African countries
French President Macron on Monday opens possibility of cancelling debt for some African countries and extends lockdown.
By Fr. Benedict Mayaki, SJ
French President Emmanuel Macron addressed French citizens on coronavirus and confinement measures on Monday. In that address, he announced the possibility of canceling the debt of African countries to assist them in their fight against the Covid-19 virus.
The French President made this statement toward the end of his speech during which he extended lockdown measures in the country till 11 May. He also called for unity in the fight against the virus. The world is at a “moment of truth”, he said, and it is our “responsibility to build new forms of solidarity and cooperation.”
Turning his thoughts towards Africa, he said: “We must also know how to help our African neighbours fight the virus more effectively. We must help them economically too by canceling their debts.”
Pope Francis’ call
During his Urbi et orbi blessing on the occasion of Easter Sunday on 12 April, Pope Francis appealed for international sanctions to be relaxed in the light of the present circumstances caused by the pandemic. Noting that vulnerable people tend to be abandoned, Pope Francis made this call so that the countries on which sanctions have been imposed would be able to “provide adequate support to their citizens.” The Pope also reminded the world that this is not the time for indifference, self-centeredness or division.
“May all nations be put in a position to meet the greatest needs of the moment through the reduction, if not the forgiveness, of the debt burdening the balance sheets of the poorest nations,” Pope Francis said.
Coronavirus
France has been the third country most affected by the coronavirus in Europe, after Italy and Spain. There have been 136,779 confirmed cases with over 14,000 deaths and 35,435 recovered patients. Since 17 March, the French population has been asked to stay home as a precautionary measure against the spread of the Covid-19 virus. The lockdown was originally scheduled to end on 14 April.
T'krm
Superstar
Je'n crois pas qu'un seul mot provenant de ses levres Qui serait?
Interesting, if they were to do this I would think they have something else worse planned.
nikka,
THEIR debt still isn't paid. fukk what they're talking about.
THEIR debt still isn't paid. fukk what they're talking about.
Secure Da Bag
Veteran
So you can forgive all that debt, but can't pay Haiti back that blackmail money? 
You saw what they did with the Eco. Wait until they drop this trick.
You saw what they did with the Eco. Wait until they drop this trick.
Red Shield
Global Domination
of course
So you can forgive all that debt, but can't pay Haiti back that blackmail money?
You saw what they did with the Eco. Wait until they drop this trick.
yeah france has some reason for saying this shyt and it ain't because they're trying to do right by Africa
of course
yeah france has some reason for saying this shyt and it ain't because they're trying to do right by Africa
I wonder if this a chess move to woo countries away from China now that it's stigmatizing blacks.
I'm speculating that they basically offering a carrot to West Africa. A tainted one that increases their power back before China, Russia, and Iran having a presence on the continent.
subs @Elle Driver
DING DING
I always said the next world wide proxy will be the Motherland. China got in but now the west can use this virus and the worlds economic down turn as animus against China. Africa STILL has a ton of resources, STILL has absurd amounts of land, STILL has a gang of cheap labor too. Better to get these countries down asap before they fall too deep in China's pockets and the whole continent becomes China's colonies basically. Cuz if that happens you can kiss the worldwide free market goodbye.
MischievousMonkey
Gor bu dëgër
If I had to provide a hot take for this move, I'd say that considering both the progressive loss of its grip over francophone West Africa & China/Africa unstable but deep relationship, France is trying to take advantage of the latter to fix the first with a more cooperative approach.
Of course, it's just words as of now and cannot be taken as an indication of a global change in strategy, but still: the massive write off of debt would be an extremely good thing. That is exactly the kind of Western internal conflict that turning to China for business helped produce: they're seeing that they're progressively losing favors and have to adapt.
As long as it benefits Africa
write off the debt breh.
Of course, it's just words as of now and cannot be taken as an indication of a global change in strategy, but still: the massive write off of debt would be an extremely good thing. That is exactly the kind of Western internal conflict that turning to China for business helped produce: they're seeing that they're progressively losing favors and have to adapt.
As long as it benefits Africa
write off the debt breh.It’s a chess move for France.
Francophone African countries have be vocal in recent years on how France has kept their economies from growing for some time. France is weakened spot and right now they want to keep the cash cow going and taking advantage at the vitriol that African governments have on China to swoop in like Superman and polish their image.
If what he says does happen and African leaders are smart, they would take advantage of this situation and do what they have always should have done and that’s open Francophone African countries to open market and get rid of the French chokehold on their economies.
Francophone African countries have be vocal in recent years on how France has kept their economies from growing for some time. France is weakened spot and right now they want to keep the cash cow going and taking advantage at the vitriol that African governments have on China to swoop in like Superman and polish their image.
If what he says does happen and African leaders are smart, they would take advantage of this situation and do what they have always should have done and that’s open Francophone African countries to open market and get rid of the French chokehold on their economies.
Red Shield
Global Domination
Yeah this is definitely a chess move.
All those anti-black stories coming out of china are spreading on Nigeria, Ghana, Kenya, etc twitter. So Africans are definitely gonna sour on the chinese... but throwing in with the french is ehh..
seeing more on Africa twitter talking about stopping relying on foreigners.
Now I imagine france might get a little power increase, but nothing substantial for them coming from this. Those movements that want the french out ain't going anywhere
Red Shield
Global Domination
we really need something to happen that peace's the west and chinese the fukk out