USA / China: Biden optimistic after four-hour meeting with Xi
On 15 November, after concluding a four-hour meeting with Chinese leader Xi Jinping, Joe Biden expressed optimism about improving US-China relations. Key agreements were reached on reducing fentanyl production and restoring military communication. Biden described the talks as constructive and productive. The primary aim was to stabilise US-China relationships and prevent conflict through open communication, especially in the military domain. Biden emphasised the importance of China's commitment to control precursor chemicals for fentanyl, which has been causing a drug crisis in the US. Agreement on military communication and addressing potential miscalculations was seen as a significant step forward, a need highlighted by incidents like the Chinese ‘spy balloon’ over the USA in January. The talks were part of Biden's effort to make the relationship with China rational and manageable, avoiding conflict. However, he still maintains his opinion of Xi as a dictator.
Pakistan: agreement with IMF on continuing bailout
On 15 November, Pakistan reached an agreement with the International Monetary Fund (IMF) for the release of a $700 million tranche, part of a larger $3 billion bailout package agreed in July. This announcement constitutes a significant relief for the struggling economy, as Pakistan is facing a severe balance of payments crisis and dwindling foreign exchange reserves. The leader of the IMF team noted several causes for encouragement; he said that inflation is expected to decline over the coming months amid receding supply constraints and modest demand, together with aid from international partners, leading to improved economic confidence. However, he warned that Pakistan remains vulnerable to global risks like geopolitical tensions, commodity price fluctuations, and tightening global financial conditions. This agreement comes as Pakistan prepares for general elections in February 2024 and aims to stabilise its economy, which has been in free fall for years, leading to rampant inflation and widespread financial hardship.
Liberia: close race in presidential election
Votes are being counted in the presidential run-off election between incumbent George Weah and ex-vice president Joseph Boakai. The election, held peacefully on 14 November, saw more than 2.4 million voters choosing between Weah, 57, seeking a second term, and Boakai, 78. Weah, formerly a famous footballer (World Player of the Year in 1996), is popular among young people but must defend his record in office, while Boakai is an old hand who has worked in both the public and private sectors. At the time of writing results showed Boakai in the lead with 50.6% of the votes, but the final result is still uncertain. The first-round vote in October was close, with Weah leading Boakai by only 7,126 votes: in 2017 he had defeated him easily. The elections are the first since the UN ended its peacekeeping mission, created after more than 250,000 people died in two civil wars between 1989 and 2003. ECOWAS, which monitored the election, highlighted the peaceful conduct but expressed concerns about premature victory claims and potential post-election violence.
Myanmar: intense attacks from opposition forces
Myanmar's military has acknowledged facing intense attacks from anti-coup forces, who claim to have seized several towns and military outposts in various states. The military is responding with drone bomb attacks and has evacuated some sites. The military mounted a coup d’etat in February 2021, overthrowing the government led by Aung San Suu Kyi. This led to widespread protests and subsequent violent military crackdowns, resulting in civilian armed resistance. Over 4,000 civilians have been killed in the conflict, and more than 200,000 displaced. The UN has expressed deep concern over the expanding conflict and Rohingya genocide. Although the generals claim to be the unifying force of the country, they have largely ignored ASEAN efforts for peace, and Myanmar is barred from ASEAN's top summits due to non-compliance with a previous agreement to end violence.
