Somalia secured the debt relief from IMF and World Bank

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News Date: December 13, 2023

Following Ethiopia's $1.5 billion agreement in November, the IMF and World Bank recently granted $4.5 billion to Somalia in debt relief, which represents a significant step toward reducing financial pressures in the region.
This show of unity denotes a deliberate attempt to tackle the economic difficulties these countries are facing.
It seeks to strengthen Somalia's faltering economy and promote stability and long-term growth in the region by reducing debt.
These programs highlight the value of international collaboration in supporting poor countries, highlighting the critical role these organizations play in enabling economic recovery and supporting important developmental projects.

Zimbabwe is engaged to clear IFI debt

Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, finance minister Mthuli Ncube said at an IMF press conference on Saturday.
Sources: reuters

Ripple XRP - Gold standard

Three reasons why Ripple XRP can be the gold standard soon:
1.President Trump's nominee for the Federal Reserve board of governors, Judy Shelton, has advocated for getting back to a gold standard, possibly "in a very cryptocurrency way". She Faces Senate Committee Vote This Week;
Source:gesara.news
2.There are close connections or relations between Donald Trump and Ripple board;
Source:www.youtube.com
3.Ripple XRP already has Support in the US Federal Register New Rule.
Source:gesara.news

Debts forgiveness and peace at the Russia-Africa summit

Vladimir Putin hosted the Russia-Africa summit in St. Petersburg from July 27 to 28.
Putin: The total amount of debt of the African countries written off by Russia amounts to $23 billion dollars with another $90 million to be allocated for the same purposes.
Vladimir Putin, the president of Russia, also stated on Friday that Moscow is closely analyzing suggestions made by several African leaders to put an end to the conflict in Ukraine.

Triangular spacecraft patent

A spacecraft having a triangular hull with vertical electrostatic line charges on each corner that produce a horizontal electric field parallel to the sides of the hull. This field, interacting with a plane wave emitted by antennas on the side of the hull, generates a force per volume combining both lift and propulsion.
Source:google.com/patent/US20060145019A1

BRICS common currency

Russian FM says BRICS group to consider common currency.
Russia, Brazil, India, China, and South Africa may soon consider creating their own currency within the framework of the BRICS, FM Lavrov hints possibility during a visit to Angola.
Source: aa.com