Israel braced for mass protests over Netanyahu bid to dismiss intelligence chief
Prime Minister condemned over move, which critics say is an attempt to block state-level inquiry into October 7 attacks
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Zawya
3 days ago
- Zawya
IMF sees 'some progress' on Lebanon reforms, says external support needed
Lebanon has made progress on reforms needed to revive its economy but still has key steps to take and will need external funding on concessional terms, the International Monetary Fund said on Thursday after a week of meetings in Beirut. Lebanon's economy went into a tailspin in late 2019, prompted by decades of profligate spending by the country's ruling elite. Reforms required to access IMF funding were repeatedly derailed by political and private interests. Lebanon's new president and prime minister, both of whom took office in early 2025, pledged to prioritise reforms and secure an IMF financing agreement - but the country now faces additional needs with the widespread destruction and displacement caused by Israel's military campaign last year. "The authorities have made some progress recently, including the amendment of the Bank Secrecy Law and submission of a new bank resolution law to Parliament," the IMF's Lebanon mission chief Ramirez Rigo said in a written statement. Rigo said his mission held "productive discussions" with Lebanese officials, including on restoring the viability of the banking sector, fiscal and debt sustainability and enhancing anti-money laundering and terrorism financing measures. He said Lebanon's medium-term fiscal framework should support the restructuring of Eurobond debts, which Lebanon defaulted on in 2020, leading to a sovereign default on its $31 billion of outstanding international bonds. "Given Lebanon's substantial reconstruction needs, limited fiscal space and lack of capacity to borrow, the country will require significant support from external partners on highly concessional terms," the IMF statement said. The World Bank estimated Lebanon's recovery and reconstruction needs following Israel's military campaign at $11 billion. But the U.S. has said it opposes any reconstruction funds to Lebanon until Hezbollah - the Iran-backed Lebanese armed group that fought Israel last year - is disarmed.
Zawya
30-05-2025
- Zawya
Justice Committee Chairperson Commends Appointment of Judge Khampepe to Head TRC Inquiry
The Chairperson of the Portfolio Committee on Justice and Constitutional Development, Mr Xola Nqola, is pleased to note the appointment of retired Constitutional Court Judge Sisi Khampepe as head of the judicial commission of inquiry to determine whether attempts were made to prevent the investigation and prosecution of apartheid-era crimes. Mr Nqola said the move to appoint Judge Khampepe is welcomed as survivours and families of victims can see some urgency from government on this matter. 'This is indeed a positive step. Too many families and survivours of apartheid-era crimes have waited to long for justice. 'Claims of attempts to prevent the investigation and prosecution of such crimes have been doing the rounds for years. The announcement by President Cyril Ramaphosa of the commission to investigate these claims, followed by the speedy appointment of the head of the inquiry, is indeed progress the country needed,' emphasised Mr Nqola. Yesterday, President Ramaphosa announced that Judge Khampepe will chair the commission. Retired Northern Cape Judge President Frans Diale Kgomo and Adv Andrea Gabriel SC will assist her. Mr Nqola further stated that the committee noted that the establishment of the commission of inquiry is part of an agreement reached in settlement discussions in a court application brought by families of victims of apartheid-era crimes. 'On our part, since the establishment of this committee in the 7th Parliament last year, we have held a few engagements with the National Prosecuting Authority to get updates on the progress of prosecuting TRC [Truth and Reconciliation Commission] matters. Earlier this month we were informed of positive progress by all the stakeholders that presented to the committee and the committee resolved to further monitor closely the commitment made to us. We are committed to ensure that justice is done without unnecessary delays,' said the Chairperson. Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
Tahawul Tech
29-05-2025
- Tahawul Tech
sovereign public clouds Archives
The Lebanese Prime Minister gained insights about the museum's role as an international hub for future foresight and a platform that brings together decision-makers, innovators, and thinkers from around the world.
