International
US expects timely installation of new Haiti prime minister after Ariel Henry’s exit
Amidst the political turmoil in Haiti, the United States is calling for the swift appointment of a new prime minister following the resignation of Ariel Henry. Henry, who has been serving as interim prime minister since July 2021, announced his resignation amidst escalating violence and pressure from various quarters.
The State Department spokesperson, Matthew Miller, emphasized the urgency of the situation, stating that the appointment of a new prime minister should occur “without further delay.” This sentiment was echoed during a CARICOM meeting in Jamaica, where representatives from the US, France, and the UN discussed Haiti’s political future.
Henry’s resignation will only take effect upon the formation of a transitional presidential council, a process expected to unfold within the next 24 to 48 hours. The formation of this council is crucial for ensuring a smooth transition of power and for facilitating the appointment of a new prime minister.
Despite the urgency of the situation, Henry did not attend the CARICOM meeting, remaining stranded in Puerto Rico due to the prevailing violence and mounting pressure for his resignation.
In addition to addressing the political vacuum in Haiti, there were discussions about Kenya’s decision to postpone the deployment of a thousand police officers to lead a multinational mission approved by the UN. While the delay is understandable given the circumstances, the US emphasized the need for the deployment to proceed expeditiously.
A senior State Department official stressed the importance of swift action, emphasizing that Washington has already reimbursed Nairobi for the costs associated with training the Kenyan forces slated for deployment to Haiti.
As Haiti grapples with political instability and security challenges, the international community, led by the United States, is closely monitoring developments and advocating for a timely and orderly transition of power to ensure stability and security in the country.
International
Elon Musk plans sweeping cuts to U.S. bureaucracy and spending
Elon Musk has pledged massive cuts to government programs, subsidies, and bureaucracy in his anticipated role as a “State Efficiency” leader, according to an article published Wednesday in The Wall Street Journal.
The billionaire entrepreneur plans to target hundreds of billions of dollars in federal spending, including funds for public broadcasting and Planned Parenthood. Musk called government bureaucracy an “existential threat” to American democracy.
Teaming up with fellow businessman and Trump ally Vivek Ramaswamy, Musk aims to streamline federal regulations and implement significant administrative and cost reductions.
“We are entrepreneurs, not politicians. We will serve as external volunteers, not federal officials or employees,” Musk and Ramaswamy stated in the article.
International
Putin warns of escalation, suggests strikes on western weapon suppliers
Russian President Vladimir Putin declared that the conflict in Ukraine is taking on the characteristics of a “global war,” warning that Russia might target Western nations supplying Ukraine with weapons used in attacks on Russian territory.
These remarks come after a day of heightened tensions, during which Russia launched a state-of-the-art medium-range missile designed to carry a nuclear warhead. However, this particular missile was loaded with conventional explosives.
Ukrainian President Volodymyr Zelensky condemned the missile strike, calling it the action of a “deranged neighbor” using Ukraine as a “military testing ground.”
Earlier, Ukraine accused Russia of attacking the central-eastern city of Dnipro with a missile exhibiting “all the characteristics” of an intercontinental missile, an unprecedented development in the ongoing conflict.
International
IMF: Spain’s economy remains resilient despite devastating floods
The International Monetary Fund (IMF) stated on Thursday that the devastating floods in eastern Spain on October 29 will have a “limited impact” on the country’s economic growth.
“Our assessment is that the economic impact was quite localized, and damage to key infrastructure, such as transportation and industry, has been relatively limited,” said IMF spokesperson Julie Kozack during a press briefing in Washington.
Kozack added that preliminary evaluations suggest the overall effect on Spain’s economic growth “would be limited,” though no specific figures were provided.
In its latest forecast on October 23, the IMF projected Spain’s economy to grow by 2.9% this year, one of the highest rates in the European Union. The organization will update its data in January and is expected to confirm Spain’s “relatively solid” growth, according to Kozack.
However, on Wednesday, Bank of Spain Governor José Luis Escrivá estimated that the floods, which claimed 228 lives and caused immense damage—especially in the Valencia region—could trim 0.2 percentage points off Spain’s GDP growth in the fourth quarter.
Escrivá’s estimate draws on comparisons with Hurricane Katrina, which devastated New Orleans in 2005, and the fact that the affected areas represent “approximately 2% of the Spanish economy.”
The Spanish government has forecasted a 2.7% growth rate for 2023.
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