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African ministers advise rich nations to invest $30bn from IMF cash

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By Gistflash News

July 9, 2021

finance ministers have urged rich countries to reallocate at least 30 billion dollars from the International Monetary Fund money toward investments in Africa.

They said that this would help African countries battling the effects of coronavirus and climate change in an open letter to the leaders of the Group of 20 leading economies.

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The ministers of finance from Ghana, the Democratic Republic of Congo (DRC), Cote D’Ivoire and Nigeria wrote the letter.

They also urged the rich nations to increase support for poorer countries’ COVID vaccination drive.

The IMF has taken steps to implement a new 650 billion dollar allocation, the largest ever of its reserve currency, so-called Special Drawing Rights (SDRs).

The process is expected to be completed in August.

The ministers wrote in the letter published on Friday that “the IMF’s promised new issue of Special Drawing Rights available as soon as possible and define a clear path forward for their maximal re-allocation and on-lending.

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“The urgency now is to accelerate the disbursement of these SDRs to forestall the current emerging market liquidity crisis devolving into an insolvency crisis.’’

The economic fallout from the pandemic has exacerbated existing strains on a number of African sovereigns, with Zambia, Chad and Ethiopia all seeking overhauls of their debt burdens.

Reuters/NAN

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Foreign

Magnitude 5.8 earthquake hits Greek island of Crete

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By Gistflash News

Sept 27, 2021

A magnitude 5.8 strong quake hit Greece’s Crete island on Monday, according to the Geodynamics Institute of the National Observatory of Athens.

The tremor’s epicentre was located at a depth of 10 km, some 25 km south of the city of Heraklion, the capital of Crete island, while aftershocks up to 4.3 magnitude have followed, according to Greek scientists.

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Material damage has been reported, with no injuries until now, local officials told Greek national news agency AMNA.

Earlier, the Euro Mediterranean Seismological Centre put the quake’s magnitude at 6.2, which was later revised to 6.0.

Xinhua/NAN

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WHO investigators seeking COVID-19 origin going back to China

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By Gistflash News

Sept 27, 2021

The World Health Organisation (WHO) is launching a new investigation into the origins of COVID-19, months after an earlier probe ended without drawing firm conclusions, according to a report published.

WHO was putting together a team of some 20 scientists, who will be charged with finding new evidence in China and other locales, the Wall Street Journal reported.

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The group will examine whether the virus emerged from a laboratory, a theory that has been angrily rejected by China.

In December 2020, WHO investigators began visits to Wuhan, China, where the first known outbreak of the virus took place.

But their March 2021 report said they had gotten insufficient information from Chinese scientists to answer key questions about COVID-19’s origin.

In August, U.S. intelligence agencies issued a separate report saying they also could not make firm conclusions about COVID-19’s origins.

dpa/NAN

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Florida Gov. appoints Nigerian-American, Joseph Ladapo Surgeon-General

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By Gistflash News

Sept 25, 2021

Ron DeSantis,  Florida Governor,  U.S.  has appointed a Nigerian-American, Dr Joseph Ladapo,  as Florida Surgeon-General and Secretary of the Department of Health.

DeSantis in a statement posted on the Florida Department of Health website,  stated that he was pleased to announce Ladapo for the position.

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“I am pleased to announce that  Ladapo will lead the Florida department of health as our state’s next surgeon-general

“Ladapo comes to us by way of the David Geffen School of Medicine at UCLA, with a superb background.”

According to him, Ladapo has had both a remarkable academic and medical career with a strong emphasis in health policy research.

The governor said: ” Ladapo will  bring great leadership to the department of health, ” thanking both Dr Scott Rivkees and Dr  Shamarial Roberson for their hard work on behalf of all Floridians.

Lieutenant-Governor,  Jeanette Nuñez described Ladapo’s as, “an excellent choice to serve as our next surgeon general.

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“Ladapo has impeccable credentials and a strong vision to effectively serve the people of Florida at the helm of our public health agency.

“Through his service to our state, we will continue Florida’s work to advance our public health goals,” Nuñez said.

Ladapo said he is honored to have been chosen by DeSantis to serve as Florida’s next surgeon-general.

“We must make health policy decisions rooted in data and not in fear.

“From California, I have observed the different approaches taken by governors across the country and I have been impressed by DeSantis’ leadership and determination,” he said.

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The new surgeon-general said he was impressed by DeSantis’ leadership to ensure that Floridians were afforded all opportunities to maintain their health and wellness, while preserving their freedoms as Americans.

“It is a privilege to join his team and serve the people of Florida,” he said.

Ladapo was recently granted a professorship at the University of Florida (UF) College of Medicine.

Prior to joining UF, he served as an associate professor at the David Geffen School of Medicine at the University of California, Los Angeles (UCLA),caring for hospitalised patients.

He is a graduate of Wake Forest University, who also holds an MD from Harvard Medical School and a PhD in Health Policy from Harvard Graduate School of Arts and Sciences.

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