Security Current Affairs

India, Morocco agree to enhance bilateral cooperation in field of defence and security

India and Morocco have agreed to enhance bilateral cooperation in the field of defence and security. Decision in this regard was taken at meeting between Moroccan Defence Minister Abdeltif Loudyi and Defence Mnister Nirmala Sitaraman in South Block in New Delhi. This was first ever visit of Moroccan Defence Minister to India.

Highlights of meeting

Both countries agreed to enhance bilateral cooperation in field of defence and security. They identified fields of hydrography, peacekeeping, telemedicine, information technology and communications as well as counter Terrorism and counter insurgency as potential areas for bilateral engagement. They also discussed cooperation in defence industry including collaboration in ship building and manufacturing.

Two MoUs signed

Both countries also singed two bilateral MoUs, (i) ‘Cooperation in the area of Cyber Security’ between Computer Emergency Response Team (CERT–IN) and Moroccan Computer Response Team (ma-CERT) and (ii) Cooperation in Peaceful Uses of Outer Space’ between Indian SSRO and Moroccan Centre of Remote Sensing.

Month: Categories: Defence Current Affairs 2018

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China pledges $60 billion of financial assistance to Africa

China has pledged $60 billion of financial assistance to Africa bolster industry, counter hunger, and enhance security in the continent. It was announced by Chinese President Xi Jinping in his inaugural address at third Forum on China-Africa Cooperation (FOCAC) held in Beijing.

FOCAC is an official forum between China and all states in Africa (except Eswatini). It was started as Ministerial Conference in 2000 in Beijing and since then it is held triennially in China and Africa alternatively.

2018 FOCAC Highlights

Focal areas: Eight focal areas of funding were mentioned that would premise emergence of China-Africa community with shared future in the new era. Energy, transport, telecommunications and tapping cross-border water resources will be China’s priority in this next phase of Africa’s infrastructural forays.

Economic and trade cooperation: China’s will also help to set up additional economic and trade cooperation zones to promote industrialisation in Africa. It will also encourage local currency settlements, instead of hard currency usage to settle transactions. It will also support Africa to achieve general food security by 2030.

Security: China also flagged its intent to bolster security in the continent. It will set up peace and security fund in partnership with Africa. It will also support countries in Sahel region and others bordering piracy-ridden Gulf of Aden and Gulf of Guinea apart from providing military aid to African Union.

50 China-Africa security assistance programmes will be launched under flagship Belt and Road Initiative (BRI).  China has already established naval base in Djibouti on the edge of the strategic Gulf of Aden, which links the Red Sea and Arabian Sea

Environment Protection: China-Africa Green Envoys Programme will be launched to strengthen Africa’s capacity for environmental management, pollution prevention and control, as well as green development. China-Africa environmental cooperation centre will also be set up where research on environmental issues will be conducted.

Financing Mechanism: For financing, China will nudge African countries to tap new multilateral lenders such as Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB) of emerging economies as well as Silk Road Fund marshalled by China.

Out of $60 billion offered, China will disburse $15 billion as aid, interest-free loans and concessional loans, $20 billion as credit line, channel $10 billion into special fund for China-Africa development and $5 billion special fund will be set up only for African imports.

Month: Categories: International Current Affairs 2018

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