Economic Cooperation
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Trump-Touted Rwanda-Congo Economic Pact Trips on Elusive Peace #politics
Bloomberg Television· 2025-10-07 19:23
Economic Cooperation & Political Risk - Economic talks between Rwanda and DRC stalled due to renewed conflict involving M23 in eastern DRC, frustrating Kinshasa officials [2] - DRC officials refused to initial the regional economic integration framework due to ongoing fighting [2] - The proposed economic agreement included a revenue sharing deal from minerals mined in DRC and investment in infrastructure [3] - The agreement also involved a $760 million hydroelectric power project [3] - Skeptics view the deal as weak because Rwanda made no concessions [4] Stance of Involved Parties - DRC cannot proceed with the agreement in good faith while fighting continues [3] - Rwanda is surprised by the stalled talks, viewing the deal as beneficial for economic development [4] - Rwanda has not begun lifting its defensive posture along the border with DRC [3] US Involvement - US officials were involved in Washington, trying to negotiate the final text of the regional economic integration framework [2] - Msad Bullos, the State Department advisor to Africa, led weeks of negotiations [3]
The Plaza Accord | On This Day
Bloomberg Television· 2025-09-22 22:06
All right, welcome back. Today, 40 years ago, one of the most consequential moments in international finance unfolded in secrecy at the Fame Plaza Hotel overlooking Central Park in New York City. It was there September 22nd, 1985 when the UK, France, Japan, and West Germany joined forces to formally help the United States devalue the dollar.It was a day of intrigue that began shortly after midnight when the Treasury Department confirmed news reports that the finance ministers and central bank heads of the f ...
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Bloomberg· 2025-07-19 10:47
Geopolitical Landscape - US policy, under Donald Trump, appears to be reducing obstacles to economic cooperation between India and China [1]