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Sunday, 4 July 2021

Libya election plans in disarray + Sudan secures loan, debt relief from IMF

Libya election plans in disarray: Five days of UN-backed talks to put in place a framework for holding Libyan presidential and parliamentary elections failed to find an agreement, throwing the political roadmap agreed earlier this year into uncertainty, the Associated Press reports. The 75 delegates comprising the Libyan Political Dialogue Forum were unable to agree on a constitutional basis for holding the elections, which are supposed to be held in December, finally ending the years of civil war and instability endured by the country.

Painting an even more chaotic picture, a report in the Guardian characterizes the meetings with allegations of bribery, “bitter and ill-tempered” exchanges, and “intolerable personal abuse.” UN officials were also accused of breaching their mandate by reportedly discussing with some delegates the possibility of cancelling the elections outright.

Also worth knowing this morning:

  • Sudan secures USD 2.5 bn IMF loan, USD 50 bn debt relief: The IMF has approved a USD 2.5 bn extended credit facility as well as USD 50 bn in debt relief for Sudan, according to statements by the international lender (here and here). The move aims to help settle some of Sudan's USD 60 bn foreign debt, a “substantial portion” of which it hopes to clear by the end of this month, according to Bloomberg.
  • Tensions are flaring in Gaza + the West Bank again: The Israeli military launched airstrikes on targets in Gaza on Friday and Saturday after incendiary balloons were flown across the border into Israel, Reuters reports. In the West Bank, Israeli soldiers shot and killed a Palestinian who they said was carrying an expllosive device.

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