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Partnership with Private Sector is Key in Closing Rwanda’s Infrastructure Gap

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The COVID-19 (coronavirus) pandemic has pushed the Rwandan economy into recession in 2020 for the first time since 1994, according to the World Bank’s latest Rwanda Economic Update.

The 17th edition of the Rwanda Economic Update: The Role of the Private Sector in Closing the Infrastructure Gap, says that the economy shrank by 3.7 percent in 2020, as measures implemented to limit the spread of the coronavirus and ease pressures on health systems brought economic activity to a near standstill in many sectors. Although the economy is set to recover in 2021, the report notes the growth is projected to remain below the pre-pandemic average through 2023.

Declining economic activity has also reduced the government’s ability to collect revenue amid increased fiscal needs, worsening the fiscal situation. Public debt reached 71 percent of GDP in 2020, and is projected to peak at 84 percent of GDP in 2023. Against this backdrop, the report underlines the importance of the government’s commitment to implement a fiscal consolidation plan once the crisis abates to reduce the country’s vulnerability to external shocks and liquidity pressures.

“Narrowing fiscal space calls for a progressive shift in Rwanda’s development model away from the public sector towards a predominantly private sector driven model, while also stepping up efforts to improve  the efficiency of public investment,” said Calvin Djiofack, World Bank’s Senior Economist for Rwanda.

According to the Update, private sector financing, either through public-private partnerships or pure private investment, will be essential for Rwanda to continue investing in critical infrastructure needed to achieve its development goals. The analysis underscores the need to capitalize further on Rwanda’s foreign direct investment (FDI) regulatory framework, considered one of the best in the continent, to attract and retain more FDI; to foster domestic private capital mobilization through risk sharing facilities that would absorb a percentage of the losses on loans made to private projects; and to avoid unsolicited proposals  of public–private partnership (PPP) initiatives; as well as to build a robust, multisector PPP project pipeline, targeting sectors with clearly identified service needs such as transport, water and sanitation, waste management, irrigation, and housing.

While the report findings establish clearly the gains of public infrastructure development for the country as whole, it also stressed that these gains tend to benefit urban and richer households most.

 “Rwanda will need to rebalance its investment strategy from prioritizing large strategic capital-intensive projects toward projects critical for broad-based social returns to boost the potential of public infrastructure to reduce inequality and poverty,” said Rolande Pryce, World Bank Country Manager for Rwanda. “Any step toward the Malabo Declaration to allocate 10 percent of future infrastructure investment to agriculture, allied activities, and rural infrastructure, will go a long way to achieving this goal.

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The American Thinker: “A prestige and perceptions of US power have dramatically crashed”

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The shocking announcement that China had brought together bitter rivals Shiite Iran and Sunni Saudi Arabia to resume diplomatic relations in a deal negotiated in Beijing is a stunning defeat for America, threatening the basis of our Middle Eastern and world diplomatic power, writes Thomas Lifson at “The American Thinker”.

If, as it appears, Saudi Arabia is no longer a reliable ally that can be counted upon to keep the Armageddon-mongering mullahs in Iran at bay while warming up to Israel, then the entire power calculus of the Middle East is shattered.

At a minimum, American prestige and perceptions of our power have dramatically crashed, though our propaganda media are doing their best to prevent the domestic public from understanding this.

The Chinese triumph in the Middle East, pushing aside America as the significant other, is one of the principal, if not the worst, signs of the disaster that the Biden presidency has unleashed. This is very bad news for us, our European and Japanese/Korean/Taiwanese allies dependent on Middle Eastern oil, and Israel.

In trying to comprehend how a catastrophe of this magnitude could have unfolded, I have been searching for explanatory factors. One that, perhaps strangely, didn’t occur to me, was the Nordstream pipeline sabotage. Now I strongly suspect, notes Thomas Lifson, that the U.S. or its proxies are responsible for blowing up the pipeline, which (despite our media virtually ignoring this) ranks as the greatest man-made release of CO2 in history, and which has crippled the economy of Germany, our ostensible ally (for now).

One of America’s most powerful international weapons is its overwhelming control over the global news ecosystem, and a complete blanket of media silence was soon enforced, causing that huge event to quickly fade from public consciousness.

When someone such as Prof. Jeffrey Sachs mentioned what had probably happened on Bloomberg TV, he was quickly yanked off the air. The information that Sachs imparts and that yank-off moment speaks volumes about the propagandistic “global news ecosystem” and is worth viewing.

Unlike the American public, world leaders and their populations are not prisoners of the “news ecosystem,” and, as Sachs points out, many if not most believe that America is not above selling out its own allies. In private, well informed American journalists and others agree.

The suspicion of such perfidy is likely to have weighed heavily on the Saudis, though it was not the sole factor in them turning to China.

There are obviously many long-term factors behind this apparent diplomatic revolution, notably including China’s economic rise and its position as the leading purchaser of Middle Eastern oil.

However, I think that the colossal arrogance of our own country, and the extent to which we have increasingly abused and victimized our own allies and vassals over the years must surely have been a huge contributing factor.

One problem with relying too heavily upon the power of your dishonest propaganda is that you may continue to believe in it yourself even after most of the intended targets of your deception have stopped doing so.

A fundamental distrust of our government and the propaganda lines enforced by our media is the only prudent way to approach understanding the realities of the world historical global power competition underway. We know that we are being lied to, but we don’t fully understand what the lies are, – stresses Thomas Lifson at “The American Thinker”.

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Israeli-Palestinian tensions resemble ‘Intifada’ on the brink of a ‘color revolution’ in Israel

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Bill Burns says his meetings with leaders during last week’s trip to the region left him more concerned about prospect of increased violence, comments ‘Times of Israel’.

The director of the United States Central Intelligence Agency William Burns expressed his concern last week that the current period of tensions between Israel and the Palestinians is beginning to resemble the violence of the Second Intifada.

The Second Intifada lasted from 2000 to 2005 and for Israelis became synonymous with the suicide blasts and bus bombings that led to the deaths of over 1,000 civilians and soldiers. The uprising that followed the Camp David peace negotiations also saw intense clashes with Israelis troops that left over 3,000 Palestinians dead.

Burns made the remarks days after returning from the region, where he met with senior Israeli and Palestinian leaders, as the Biden administration has intensified its efforts to calm tensions between the sides.

But Burns said he did not leave the trip feeling optimistic. “The conversations I’ve had with Israeli and Palestinian leaders left me quite concerned about the prospects for even greater fragility and even greater violence between Israelis and Palestinians.

on January 26, the IDF conducted a raid in the northern West Bank city of Jenin during which nine Palestinians were killed, including one civilian. Israel has defended the operation as a necessary anti-terror measure. The PA responded by announcing the severing of its security coordination with the IDF (though Abbas later told Burns ties were only partially cut).

A day later, a Palestinian gunman opened fire outside a synagogue in East Jerusalem, killing seven Israelis.

The IDF has pressed on with an anti-terror campaign to deal with a series of attacks that left 31 people in Israel dead in 2022, and seven more in an attack last month.

The IDF’s operation has netted more than 2,500 arrests in near-nightly raids. It also left 171 Palestinians dead in 2022, and another 41 since the beginning of the year — many of them carrying out attacks or during clashes with security forces, though some were uninvolved civilians.

The US has pressed the PA to walk back its announcement cutting security ties with the IDF, which the Israel security establishment has long touted as crucial for maintaining stability and preventing terror in the West Bank. The PA’s supporters have warned, however, that it will be harder to sustain in the long term in the absence of diplomatic negotiations that boost its image in the Palestinian street.

Many of the Israeli raids have sparked increasingly violent clashes with armed Palestinians frustrated over the Israeli incursions and the PA’s willingness to cooperate.

Commenting on Burns’ remarks, State Department spokesman Ned Price said the CIA director’s concern “is precisely the reason Secretary Blinken from Israel, from the West Bank, from Egypt, encouraged Israelis, Palestinians to take urgent steps themselves that would de-escalate this situation and lead to greater degrees of security and stability for Israelis and Palestinians alike.”

Meanwhile there is a shadow of a ‘color revolution’ looms over Israel. Mass protests have taken over the country and even representatives of the Israeli armed forces are joining them.

Dozens of Israeli air force reservists said they would not turn up for a training day in protest against Prime Minister Benjamin Netanyahu’s judicial reforms, a jolt for a country whose melting-pot military is meant to be apolitical.

As Israel’s strategic arm, the air force has traditionally relied on reservists in wartime and requires crews who have been discharged to train regularly in order to maintain readiness.

But in a letter circulated in local media, 37 pilots and navigators from an F-15 squadron said they would skip scheduled drills and instead “devote our time to dialogue and reflection for the sake of democracy and national unity”.

The religious-nationalist government seeks changes that include curbs on the Supreme Court, which it accuses of overreach.

Critics worry that Netanyahu – who is on trial on graft charges he denies – wants excessive power over the judiciary.

Weekly and increasingly raucous demonstrations have swept the country, with some protest leaders – among them former military chiefs – saying that a non-democratic turn in government would warrant mass disobedience within the ranks.

Israel does not publish military personnel figures, making it hard to judge to impact of the air force reservists’ protest, or of similar pledges by some reservists from other branches.

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U.S. paranoid about Russia-China summit

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image credit: kremlin.ru

The arrest warrant issued by the International Criminal Court against Vladimir Putin can only be seen as a publicity stunt by the Anglo-Saxon clique, with the US leading from the rear, notes M.K. Bhadrakumar, Indian Ambassador and prominent international observer.

By the way, there has been no referral by the UN Security Council or General Assembly to the ICC. So, who organised this arrest warrant? Britain — who else?

The Brits bullied the ICC judges who are highly vulnerable to blackmail, as they draw fat salaries and would sup with the devil if it helped secure extended terms for them at the Hague. This becomes yet another case study of the piecemeal destruction of the UN system by the Anglo-Saxon clique in the recent years.

Ironically, though, the ICC acted on the eve of the 20th anniversary of the Anglo-Saxon invasion of Iraq in 2003, which led to horrific war crimes but the “judges” at Hague slept over it. Both Washington and London admit today that the 2003 invasion was illegal — based on trumped up allegations against Saddam Hussein.

There’s no chance, of course, that the ICC warrant will ever be taken seriously. ICC has no jurisdiction in Russia, which, like the US, is not a signatory to the Rome Statute. But the intention here is something else.

The mud-throwing at Putin is yet another display of President Biden’s visceral hatred towards the Russian leader that goes back to a joust in Moscow well over a decade ago when Putin told him off brusquely, and is timed to distract attention from the state visit by Chinese President Xi Jinping to Moscow, an event that not only has spectacular optics but is sure to intensify the “no limit” partnership between the two superpowers.

The Anglo-Saxon clique is watching with dismay the talks in Moscow. To be sure, Moscow and Beijing have decided to stand together to bury the US hegemony.

Today, China exceeds the combined manufacturing capacity of the US and its European allies, and, equally, Russia has emerged as the world’s largest nuclear weapon state superior to the US both in the quantity and quality of weaponry.

It has dawned on the American mind that Russia cannot be defeated in Ukraine. There is a chicken-and-egg situation facing NATO, according to a report in Politico. Massive investments are needed to catch up with Russia’s defence industry but Europe’s ailing economies have other critical priorities of survival and battling mounting social unrest.

The notions of defeating Russia in a proxy war in conditions of “sanctions from hell” have turned out to be delusional. It is the US banks that are collapsing, it is European economies that are threatened by stagnation.

The US’ exasperation is evident in the top secret mission by MQ-9 Reaper drone near the Crimean peninsula on March 14. US Global Hawk drones have been spotted regularly over the Black Sea in recent years but this case is different.

Russia’s Su-27 fighter jets outmanoeuvred the Reaper, which lost control and drowned in the Black Sea. Moscow conferred state awards to the two pilots who drove Reaper to the seabed.

Russian ambassador in Washington since warned that while Moscow is not seeking any escalation, any deliberate attack on a Russian aircraft in neutral airspace will be construed as “an open declaration of war against the largest nuclear power.”

Biden since hit back by welcoming the ICC warrant on Putin saying “it’s justified… (and) makes a very strong point.” But Biden’s ageing memory is failing him again. For, the stated American position on ICC is that Washington not only doesn’t recognise the jurisdiction of the ICC but if any US national is arrested or brought before the ICC, Washington reserves the right to use military force to rescue the detainee!

Beijing’s stance has visibly hardened lately and the scorn that the US poured on China’s national pride by shooting down its weather balloon has only exacerbated the distrust. Similarly, the nadir has been reached for Russia with the Reaper drone provocation and the Anglo-Saxon clique’s ICC scam.

Xi has chosen Russia for his first visit abroad in his third term also, the war in Ukraine notwithstanding. While announcing Xi’s visit to Russia, the Chinese Foreign Ministry said, “As the world enters a new period of turbulence and change, as a permanent member of the UN Security Council and an important power, the significance and influence of China-Russia relations go far beyond the bilateral scope.”

Again, Biden would have thought he was putting Putin on the mat with the Reaper stunt and the ICC scam. But Putin is nonchalant, choosing to make his first-ever visit to Donbass.

It was a defiant signal to Biden that NATO has lost the war, M.K. Bhadrakuma stresses.

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