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Showing posts from March, 2024

GEM Sites Bi-Weekly Updates

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                                                                March 08 - March 20, 2024 Lebanon Lebanon faces poverty trap as the elite 'sabotage' third recovery plan That is not proving to be the case for the third version of Lebanon's long-expected government economic recovery plan, aimed at addressing the country’s financial losses that exceed $70 billion and restructuring its insolvent banking sector. The stakes are high. For depositors, locked out of their savings, it will lay out the mechanisms of restitution. Except for some well-connected Lebanese, most have lost all their life savings. For the banks, it will determine which will survive and which will be forced into bankruptcy. It is also a condition to secure a much-needed $3 billion loan programme from the International Monetary Fund, a pre...

GEM Sites Bi-Weekly Updates

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                                                     February 26 - March 06, 2024 Rwanda Congolese refugees in Rwanda stage protests to denounce ’ongoing Genocide in DRC’ Congolese refugees, who have been residing in the Kiziba camp located in the Karongi District, staged a peaceful protest to denounce the ongoing genocide against their compatriots remaining in their home country, including members of the Tutsi, Banyamulenge, and Bahema ethnic groups. The protesters carried signs calling for the Democratic Republic of Congo’s government and the international community to put an end to the genocide being perpetrated against their relatives. Some signs bore messages such as "We condemn the Government of the Democratic Republic of Congo, We condemn Burundi, we condemn SADC, we condemn FDLR." JAPAN AND RWANDA SIGN LONG-TERM FINANCING ...