Girl at computer. Credit: UNFPA Central African Republic/Karel Prinsloo
A bold action by governments, tech companies, and all communities is needed to confront the rising tech-facilitated GBV that is silencing women’s voices and threatening hard-won gains in Africa.
By Sennen Hounton and Lydia Zigomo
UNITED NATIONS, Jan 7 2026 (IPS)
New estimates show that violence against women and girls remains one of the most pervasive human rights violations in the world – and that one of its fastest-growing frontiers is the digital space.
Technology-facilitated gender-based violence includes online harassment, cyberstalking, image-based abuse, deepfake exploitation and coordinated digital attacks, and all of these are proliferating.
Anonymous accounts, weak reporting systems, and limited legal consequences have enabled perpetrators to weaponize technology to shame, silence, and violate women and girls at unprecedented scale and speed.
Africa is no exception.
Across the continent, disturbing patterns are emerging: Girls are facing cyberbullying and sextortion. Women leaders and human rights defenders are disproportionately targeted through coordinated online abuse designed to intimidate them out of public life.
During elections, women in public roles report harassment, smear campaigns and doxxing – tactics meant to silence civic participation.
In humanitarian settings – from the Sahel to the Lake Chad Basin to Sudan and the Democratic Republic of the Congo – displaced women and girls rely on digital tools to stay connected and access essential services.
Yet these same tools expose them to surveillance, extortion, blackmail and exploitation.
In conflict contexts, online threats have escalated into offline consequences – including intimidation, detention and physical violence.
Despite the scale of the problem, most cases remain invisible because technology companies, justice systems and communities have not kept pace. Reporting mechanisms are often ineffective.
Digital safety is rarely taught in schools or homes. Survivors face retaliation and victim-blaming. Perpetrators, and the platforms that enable them, are almost never held accountable.
The consequences are severe. Technology-facilitated violence impacts mental health, restricts mobility, destroys livelihoods and erodes confidence. “This virtual world can have real emotional impacts. It’s not enough to say ignore it or log off,” a 24-year-old woman in Chad told UNFPA.
Other young women in Africa also describe witnessing or experiencing harms with real-world impacts: “My page was hacked, I was forced to do things against my will,” a 31-year-old woman from Liberia said.
“Someone had published naked photos and videos of me in our local village Facebook group,” a young woman in Kenya shared. “I gathered the courage and went to a police station to report the incident. The officers I spoke to first admonished me and told me that this was not a criminal case, but rather a case of indecent behaviour on my part.”
In aggregate, these harms are reshaping the digital public sphere in ways that exclude women and girls.
When girls abandon online learning for fear their images may be misused, or when women delete their accounts to escape harassment, societies lose leadership, innovation and the voices essential to progress.
Gender equality cannot advance when half the population is pushed out of digital spaces.
That is why UNFPA and partners convened the first-ever Africa Symposium on Technology-facilitated Gender-based Violence in November, convening leaders in digital rights and gender-based violence prevention and response. It is time to build alliances and explore solutions. Africa is home to multiple hubs of technological innovation, and to the world’s youngest population.
As the digital divide slowly closes, we must ensure that the technology being adopted is safe, private and secure, and does not reinforce or amplify existing gender and social inequalities.
Symposium attendees recognized the need for a bold, coordinated response, one that follows the same principles that guide all efforts to end gender-based violence: dignity, consent, confidentiality, privacy, and survivor-centered care.
We must create a world where “African innovators lead the way in designing digital ecosystems that are safe, ecosystems that are inclusive and empowering for all, and in particular for women and marginalized communities,” said Judy Karioko, from the International Research & Exchanges Board (IREX) in Kenya, at one of the Symposium’s sessions.
UNFPA is committed to making every space – physical or digital – safe for women and girls in all their diversity. Through the Making All Spaces Safe programme, supported by Global Affairs Canada, concrete action is being taken across Africa, including Benin, Ghana, Kenya and Tunisia, to integrate technology risks into efforts to end gender-based violence.
But no single institution can end digital violence alone. Governments, tech companies, educators, civil society, faith leaders, families – and every digital citizen – share responsibility.
The world’s future begins with Africa. As a region, and as a global community, we cannot wait. Because if we fail to make the online world safe, we fail to protect the future of girls, and the world growing up in the digital age.
Dr. Sennen Hounton is the UNFPA Regional Director for West and Central Africa, while Ms. Lydia Zigomo is the UNFPA Regional Director for East and Southern Africa
Source: Africa Renewal, United Nations
IPS UN Bureau
Follow @IPSNewsUNBureau
The maternity ward at Kharkiv City Multifunctional Hospital No.25. Credit: UNFPA/Ukraine
By Ed Holt
BRATISLAVA, Jan 7 2026 (IPS)
“It was an emergency caesarean section when the life of the pregnant woman was at risk. We did the operation with just flashlights and no water, and against a backdrop of constant explosions,” says Dr Oleksandr Zhelezniakov, Director of the Obstetrics Department at Kharkiv Regional Clinical Hospital, in eastern Ukraine.
He is recalling what he says was “one of the most difficult” medical procedures he has been involved in since the start of Russia’s full-scale invasion of his country.
But it was far from the only time he has had to work in extreme conditions while his city is pounded by Russian shelling. In fact, he says, it has become routine for him and his colleagues.
“The current reality is that, given we are in a frontline city, we work like this almost every day, because the alarms never stop and we hear explosions almost every day,” he tells IPS.
“You just do what you have to do to save a life, to save the future. In such moments, you only think about saving a life. We work [in these conditions] because life must always prevail,” he says.
Staff look at the beginnings of construction of a bunkerised facility at Kharkiv City Multifunctional Hospital No. 25. Credit: UNFPA/Ukraine
Zhelezniakov’s hospital has, like many other medical facilities in Ukraine, been repeatedly attacked and damaged since the start of the war. The World Health Organisation (WHO) had documented more than 2,700 attacks on Ukrainian healthcare facilities since February 24, 2024.
These have included attacks on more than 80 maternal healthcare facilities – with devastating consequences for maternal health, as recently released data has shown.
According to analysis by the United Nations Population Fund (UNFPA) released in December, there has been a sharp rise in the risk of dying in pregnancy or childbirth in Ukraine as the conflict grinds on.
The agency says repeated strikes on hospitals and the breakdown of essential services are forcing women to give birth in increasingly dangerous conditions, and health workers have warned that a combination of violence, chronic stress, displacement and widespread disruption of maternity care is driving a surge in pregnancy complications and preventable deaths.
Its analysis of national data shows a 37-percent increase in the maternal mortality rate from 2023 to 2024 – the most recent full year of national data available. In 2023, Ukraine recorded 18.9 maternal deaths per 100,000 live births. In 2024, that figure rose to 25.9. The organisation says most of these are preventable deaths, reflecting a health system operating under extreme strain.
It said it had also seen sharp increases in severe pregnancy and childbirth complications. Uterine ruptures — among the most dangerous obstetric emergencies — have risen by 44 per cent. Hypertensive disorders of pregnancy have increased by more than 12 per cent, while severe postpartum haemorrhage has risen by nearly 9 per cent – from 2023 to 2024. Delays in accessing care, stress, displacement and disrupted referral pathways are key contributing factors.
Meanwhile, the situation in frontline regions is particularly acute. In Kherson, premature births are almost double the national average, and the region has the highest stillbirth rate in the country, according to UNFPA.
It cites contributing factors including stress, insecurity and difficulties in accessing care, which can lead to preterm labour and premature rupture of membranes.
Another indicator of system strain is the Caesarean section rate. Nationally, the rate now exceeds 28 per cent, already above recommended levels. In frontline regions, the figures are among the highest in Europe: 46 per cent in Kherson and approximately 32 per cent in Odesa, Zaporizhzhia and Kharkiv. These high rates often reflect the need for doctors and women to time deliveries around short windows of relative safety and can additionally show an increased pregnancy complication rate that requires surgical intervention, according to UNFPA officials.
“Attacks [on healthcare, including maternity and neonatal facilities] have had measurable and severe consequences for maternal health. Ukraine is entering another winter under conditions that sharply increase risks for pregnant women, newborns and the health workers who care for them,” Isaac Hurskin, Head of Communications, UNFPA in Ukraine, told IPS.
In early December, a maternity hospital in Kherson, a facility supported by UNFPA, was struck by artillery fire. During the strike, hospital staff moved women in labour and newborns into a bunkered maternity ward—one of many such facilities constructed by the government with help from groups like UNFPA to protect mothers and babies during active hostilities.
While everyone survived the attack and a baby girl was born in the bunker during the shelling, Hurskin said it was “a stark illustration of the conditions under which pregnancy and childbirth are now taking place — conditions no woman or health worker should ever have to face”.
But the devastation wrought by the war in Ukraine is also impacting wider reproductive health.
IPS has spoken to women in Ukraine who have admitted they are avoiding getting pregnant because of concerns about their ability to access maternal healthcare safely but also the conditions in which they may have to raise an infant.
“Women in conflict-affected areas have specific reproductive needs. It is very hard to meet them when a maternity hospital gets bombed on a regular basis, or when energy infrastructure is targeted, limiting the functionality of hospitals and forcing pregnant women to unequipped hospital shelters. A woman considering getting pregnant needs to make a decision based on these factors – whether a hospital is safe, whether she can have access to services, and whether she is able to care for the child afterwards, with no electricity, heating, or water at home,” Uliana Poltavets, International Advocacy and Ukraine Program Coordinator at Physicians for Human Rights (PHR), told IPS.
“This is a trend which is being observed,” added Zhelezniakov. “Women fear not only for their lives and the lives of their unborn children during childbirth under shelling but also an uncertain future—a lack of safe housing, work, and normal conditions for raising a child. This is a rational fear in the irrational conditions of war. It is one of the reasons for the sharp decline in the birth rate.”
But he added that conversely, the effects of the war were impacting women’s ability to conceive.
“Chronic stress, high cortisol levels, anxiety, and sleep disorders directly affect hormonal balance and reproductive function. Constant stress also leads to hormonal imbalances (dysfunction of the hypothalamic-pituitary-ovarian axis). This causes an increase in cases of secondary infertility, premature ovarian failure, and endometriosis. We are already seeing an increase in the number of pathological menopauses in young women,” he said.
These threats to fertility and maternal health come at a time when Ukraine is facing a demographic crisis.
According to UNFPA, since 2014, when Russia illegally annexed Crimea and supported separatist paramilitary movements in eastern Ukraine, the country has lost an estimated 10 million people through displacement, mortality and outward migration. Fertility has fallen to below one child per woman — one of the lowest rates globally.
It says that rising maternal deaths, increasing complications and pervasive uncertainty about the safety of childbirth reinforce one another, with long-term consequences for families, communities and national recovery.
“This is not only a humanitarian emergency. It is a demographic crisis with implications that will extend far beyond the end of hostilities. Protecting maternal health is central to Ukraine’s long-term recovery and future stability,” said Hurskin.
Indeed, examples from other recent conflicts where there has been widescale destruction of healthcare have shown the long-term effects of war on maternal and reproductive healthcare long after they have finished, from problems with rebuilding damaged and destroyed facilities, ongoing displacement, and continued shortages of medical staff just some of the barriers to women being able to access services.
“Look at Syria, for example. The healthcare system is being built back up, there is rebuilding of facilities, things are improving, but it will take decades to get back to where it was before. And maternal healthcare tends to be deprioritised both during and after a conflict – resources tend to go to other areas such as emergency and trauma care. Women in Syria will have problems with accessing maternal healthcare for years and years to come,” an expert on healthcare in war zones working for an international human rights group, who spoke on condition of anonymity for security reasons, told IPS.
Zhelezniakov admits that a worsening of the demographic crisis in Ukraine is inevitable.
“The expectation is that it will get worse. The destruction of the maternal health care system only exacerbates existing problems caused by the war: the migration of women and children abroad, loss of life, economic instability, and psychological pressure,” he says.
But he adds that even now measures can be taken to improve maternal healthcare, including strengthening primary care, improving digitalisation (e-health systems), investment in prevention, mental health support programmes, environmental improvement, legislative regulation, and raising awareness of reproductive health to reduce mortality and disability, among others.
Developing international cooperation by creating “medical hubs” in relatively safe regions with the support of international partners, such as UNFPA and WHO, to ensure services, would also help.
“Even during active hostilities, we can and must work to adapt the system,” he says.
He also vows that, no matter what happens, he and other medical staff will not stop their work, recalling the emergency caesarean section performed by flashlight as shells rained down on Kharkiv.
“The birth of a child in such conditions is always a miracle and a powerful motivator to continue working, despite everything,” he says.
IPS UN Bureau Report
Follow @IPSNewsUNBureau
Les registres d'inscription à l'examen du Brevet d'Études du Premier Cycle (BEPC), session de 2026 sont ouverts jusqu'au 2 février 2026.
Les inscriptions des candidats au Brevet d'Études du Premier Cycle (BEPC), session de 2026 ont débuté depuis ce lundi 5 janvier 2025. Selon le communiqué de la ministre des Enseignements secondaire, technique et de la formation professionnelle, Véronique Tognifodé, les opérations se déroulent au niveau des Directions départementales des enseignements secondaire, technique et de la formation professionnelle (DDESTFP) sur toute l'étendue du territoire national. Les inscriptions seront clôturées lundi 2 février 2026.
A.A.A
A man walks past a campaign poster for the military’s proxy party USDP ahead of strictly controlled elections in Myanmar. Credit: Guy Dinmore/IPS
By Guy Dinmore
YANGON, Myanmar and BANGKOK , Jan 6 2026 (IPS)
With thousands of civilians killed in years of civil war and over 22,000 political prisoners still behind bars, no one was surprised that early results from Myanmar’s first but tightly controlled elections since the 2021 coup show the military’s proxy party speeding to victory.
“How can you hold elections and bomb civilians at the same time?” asked Khin Ohmar, a civil rights activist outside Myanmar who is monitoring what the resistance forces and a shadow government reject as “sham” polls.
The junta had already cleared the path towards its stated goal of a “genuine, disciplined multi-party democratic system” by dissolving some 40 parties that refused to register for polls, which they regard as illegitimate, with their leaders and supporters still in prison.
These include the National League for Democracy (NLD) and its leader, Aung San Suu Kyi, who won a landslide second term in the 2020 elections – only for the results to be annulled by Senior General Min Aung Hlaing, a coup leader and self-appointed acting president. Mass street protests were crushed in early 2021 and war spread across Myanmar.
Although these elections will deliver just a façade of the legitimacy craved by some of the generals, they did succeed in projecting a power and authority that was quickly slipping away just two years ago as long-standing ethnic armed groups and newly formed People’s Defence Forces (PDFs) inflicted a series of humiliating defeats on the junta.
“The tide has turned in favour of the military,” commented a veteran Myanmar analyst in Yangon, crediting China, which reined in the ethnic groups on its shared border, fully embraced Min Aung Hlaing and, along with Russia, delivered the arms, technology and training needed to peg back the resistance.
Campaigners for the pro-military USDP canvas residents and check voters lists in Yangon ahead of the December 28 parliamentary election that excluded major anti-junta parties. Credit: Guy Dinmore/IPS
The regime’s air power and newly acquired drones have been deployed to ruthless effect, often hitting civilian targets in relatively remote areas where the resistance has grassroots support. Air strikes were stepped up as the elections approached. Major cities like Yangon were calm; people subdued.
Bombs dropped on Tabayin township in the Sagaing Region on December 5 killed 18 people, including many in a busy tea shop, AFP reported. On December 10, air strikes on a hospital in the ancient capital of Mrauk-U in Rakhine State were reported to have killed 10 patients and 23 others. The regime accused the insurgent Arakan Army and PDFs of using it as a base.
“I don’t think that anyone believes that those elections will be free and fair,” UN Secretary General Antonio Guterres stated while visiting the region ahead of the polls. He called on the junta to end its “deplorable” violence and find “a credible path” back to civilian rule.
In contrast, the Trump administration declared in November that the junta’s election plans were “free and fair” and removed Temporary Protected Status from Myanmar refugees in the US, saying their country was safe for them to return to.
“I’ll be jailed if I don’t vote,” said Min, a Yangon taxi driver, only half-joking on the eve of voting in Yangon, the commercial capital. “And what difference does it make? We are ruled by China and Xi Jinping, not Min Aung Hlaing,” he added.
With the polls spread over three stages, the first 102 townships voted on December 28. Others will follow on January 11 and January 25 to make a total of 265 of Myanmar’s 330 townships scheduled to vote for the bicameral national parliament and assemblies in the 14 regions and states.
Residents in downtown Yangon check their names on the electoral register and then cast their votes in a polling station on December 28. Credit: Guy Dinmore/IPS
No voting is to be held at all in the remaining 65 townships that the election commission deemed too unsafe.
Voting in the first round in Yangon, an urban and semi-rural sprawl of seven million people, proceeded calmly and slowly on a quiet Sunday – despite intense efforts, and sometimes threats, by the regime to boost the turnout.
In 2020 and 2015 – when Myanmar arguably held the region’s most open and fair elections and the military’s proxy Union Solidarity and Development Party (USDP), was soundly defeated – people gaily posted images of their ink-stained little fingers on social media as evidence of their vote after weeks of packed rallies and vibrant campaign rallies.
But not this time. Social media posts hurled insults, some comic and vulgar, at the regime. Those eager to support the resistance’s boycott but who were afraid of reprisals were relieved if they found their names had been omitted by mistake on electoral lists. Electronic voting machines in use for the first time made it impossible to leave a blank.
But as in past elections, a solid core of people close to the military and its web of powerful economic interests turned out to vote for the USDP.
“We are choosing our government,” declared one man exiting a polling station in central Yangon with his family, apparently USDP supporters. One proudly waved his little finger dipped in indelible ink.
How can you hold elections and bomb civilians at the same time? - Khin Ohmar, civil rights activist
Turnout for the first round was put by regime officials at 52 percent. This compares with about 70 percent in the past two elections. China’s special envoy – sent as an official observer, along with others from Russia, Belarus, Vietnam and Cambodia – praised the elections.
On January 2, the election commission unexpectedly issued partial results: the USDP, led by retired generals, had won 38 of 40 seats in the lower house where votes had been tallied to date. No one blinked.
The USDP campaign message focused on two main elements – get out and vote with all your family, and back a USDP government to restore stability and progress to Myanmar.
Its underlying message was a reminder that the last USDP administration, led by President Thein Sein introduced socio-economic and political reforms and ceasefire negotiations with ethnic groups after securing a large majority in the 2010 elections when the NLD and other opposition groups were also absent.
Aung San Suu Kyi, then under house arrest, was released just after the 2010 polls and went on to contest and win a seat in a 2012 by-election ahead of the NLD’s own sweeping victory in 2015. Aung San Suu Kyi governed in a difficult power-sharing arrangement with the military for the next five years and was thrown back into prison in the coup.
For now a large proportion of Myanmar’s population lives in areas under junta control, including all 14 of the state and regional capitals, swollen by an influx of people fleeing conflict. The military also holds major seaports and airports and – to varying degrees – the main border crossings for China and Thailand.
But in terms of territory, over half of Myanmar is in the hands of disparate ethnic armed groups and resistance forces. Alliances are fluid and negotiable.
The shadow National Unity Government is trying to establish its own authority over liberated territory, looking to cement a consensus around the concept of a democratic and federal Myanmar free of the military’s interference – something that has eluded the country since independence from British colonial rule in 1948.
Front lines shift back and forth as the military struggles to regain control over the Bamar heartlands of central Myanmar, once considered their bastion, while stretched elsewhere after losing vast tracts of border areas since the coup. Several million people have fled the country or are internally displaced.
Once again there is some speculation that a “smooth” election and the formation of a USDP government in April will lead to a gesture signalling the military’s confidence, such as a possible ending of forced conscription and the release of some political prisoners. Project power, then collect legitimacy.
“Political prisoners are used as bait,” said Khin Ohmar, the civil rights activist in Bangkok. “The world would at least have to applaud.”
IPS UN Bureau Report
Follow @IPSNewsUNBureau
The UN report, released last month, calls for a fundamental recalibration of global security and development strategies, prioritizing diplomacy and international cooperation to reverse the current trend of escalating military spending. Credit: UNDP
By Alice Slater
NEW YORK, Jan 6 2026 (IPS)
The United Nations issued a year end Fact Sheet: Rising global military expenditures, starkly illuminating that last year’s record high of $2.7 trillion in military expenditures, caused a cascade of devastating consequences to human well-being, the environment, possibilities for avoiding climate collapse, as well as blows to employment, ending hunger and poverty, providing health care, education, and other ills, due to a lack of adequate funding support.
The Fact Sheet does an admirable job of illustrating the shocking maldistribution of States massive military expenditures and what that money could buy in many instances, such as to end hunger and malnutrition, provide clean water and sanitation, education, environmental remediation, and so much more.
But isn’t it time for the UN to issue a Fact Sheet: Lost Opportunities to Halt Rising Military Expenditures and Heal the Earth? After all, just this summer on the 80th Anniversary of WWII, Russia and China issued a Joint Statement by the Russian Federation and the People’s Republic of China on Global Strategic Security in which they urged that in acknowledging that anniversary and the founding of the United Nations, States and their associations “should not seek to ensure their own security at the expense and to the detriment of the security of other States.” adding that ”the destinies of the peoples of all countries are interrelated.”
Even a cursory examination of the sorry history of the United States and its nuclear alliance, in seeking to secure military domination at the expense of Russia and China, shows a sad list of missed opportunities to accept Russia and China’s offers to negotiate for peace and disarmament, which would have freed up trillions of dollars over the years to address the crisis we now face for preserving all life on earth.
The most recent opportunity that should be on the list, (met with deafening silence by the corrupt western media, laboring under the heavy thumb of their corporate military sponsors, who delight in the billions lining their pockets to produce the burgeoning war machine) was China and Russia’s Joint Statement criticizing the US misbegotten Golden Dome space project and opposing any countries use of outer space for armed confrontation.”
They urged negotiations based on the Russian-Chinese draft treaty to prevent weapons and use of force in outer space, proposed at the UN Committee on Disarmament in 2008 and 2014, where consensus is required to negotiate a treaty and the United States vetoed it each time, preventing any discussion. Amazingly, they further pledged that to prevent an arms race in outer space and promote peace in space, they would “agree to promote on a global scale the international initiative/political commitment not to be the first to deploy weapons in outer space.” In other words, No First Use.
While peace in space is the most recent Lost Opportunity, the first Lost Opportunity happened in 1946 when President Truman rejected Stalin’s proposal that the US turn the bomb over to international supervision at the newly formed UN, so Russia got the bomb.
President Reagan rejected Gorbachev’s plea to give up Star Wars as a condition for both countries to eliminate all their nuclear weapons when the wall came down and Gorbachev released all of Eastern Europe from Soviet occupation, thus losing the opportunity to abolish our nuclear arsenals.
More Lost Opportunities: the expansion of the North Atlantic Treaty Organization (NATO) up to Russia’s border despite promises made when the wall came down that NATO would not expand east of a reunified Germany:
President Clinton’s refusal of Putin’s offer to go down to 1000 bombs each, and then call all nuclear states to negotiate for their elimination, provided the US stopped developing missile sites in Romania.
President Bush walked out of the 1972 Anti-Ballistic Missile Treaty and put the new base in Romania; President Trump put one in Poland.
President Obama rejected Putin’s offer to negotiate a treaty to ban cyber war! [i]
Had the US been more open over the years to cooperation, instead of losing so many opportunities to make peace, we would be so much more able to deal with the urgency of preserving a livable planet for all and avoiding the dire consequences enumerated in the new UN Fact Sheet on global military expenditures. It’s still not too late to take up the Russian-Chinese proposal for peace in space. May wiser heads prevail.
Alice Slater serves on the Boards of World BEYOND War and the Global Network Against Weapons and Nuclear Power in Space, and is a UN NGO Representative for the Nuclear Age Peace Foundation.
IPS UN Bureau
Follow @IPSNewsUNBureau
By Jomo Kwame Sundaram
KUALA LUMPUR, Malaysia, Jan 6 2026 (IPS)
While US President Donald Trump has blamed the BRICS and foreign investors for de-dollarisation, his rhetoric, actions and policy measures are mainly responsible for the trend’s recent acceleration.
Jomo Kwame Sundaram
Threats and reactionsDespite some temporary reversals, the dollar’s post-World War II role as world reserve currency has gradually declined over the decades, especially since the 1970s. Ben Norton has argued that several Trump measures have accelerated this trend.
Trump claims his supposedly ‘reciprocal tariffs’ will reduce the US trade or current account deficit with the rest of the world. But if countries cannot export to the US, they cannot earn dollars to meet their trade and investment needs.
Many believe Trump’s tariffs and other threats are enhancing US leverage vis-à-vis others, but their reactions, including defensive countermeasures, are accelerating de-dollarisation.
Trump’s measures, such as his insistence on bilateral negotiations, have alarmed most nations, including long-time allies. As nations, including allies, rethink their economic relations with and vulnerability to the US, de-dollarisation inadvertently accelerates.
Trump vs the Fed
The US Federal Reserve Bank’s overnight lending or funds rate has been higher since 2022, responding to higher consumer price inflation following the pandemic and the Russian invasion of Ukraine.
As the Fed raised interest rates, yields on US government debt rose. But Trump now wants the Fed to cut interest rates to reduce the high debt servicing costs of both the government and private corporations.
In 2024, the US federal government paid about 3% of GDP in debt interest alone. Although such debt exceeds 120% of GDP, debt service costs are deemed manageable as long as interest rates remain low.
Trump’s pressures on the Fed to cut interest rates have inadvertently undermined investor confidence and prompted ‘flights [from dollar assets] to safety’.
Trump’s recent campaign against his earlier Fed chair appointee, Jerome Powell, has inadvertently raised investor concerns about his espoused monetary policy priorities.
Inflation fears persist
Investors now worry that Trump is pressuring the Fed to cut interest rates. They believe this will stoke inflation and cause the dollar to fall against other major currencies. As Trump is seen forcing down interest rates, he risks being blamed for persistent inflation.
If the Fed buys US Treasuries to reduce yields, for a new round of ‘quantitative easing’ (QE), dollar asset investments will realise lower, if not negative, real yields.
Although inflation hawks’ worst fears of higher inflation have not materialised so far, few believe tariffs will not raise inflation.
Expecting Trump 2.0 to impose more tariffs, many US companies stockpiled imports before April 2. As tariffs took effect and stocks declined, prices rose.
Many investors have sold their dollar assets as monetary authorities worldwide seek alternatives to the greenback. Such sell-offs lower the dollar’s value, further spurring de-dollarisation.
Trump now wants to lower US Treasury bond yields as foreign governments and investors seek alternatives to holding dollar assets.
Many are considering switching to non-dollar assets despite stagnation tendencies elsewhere in the Global North, especially in Europe and Japan. If investors stop buying dollar assets or sell them to purchase non-dollar assets, de-dollarisation will gain momentum.
Foreign demand falling
Washington is understandably worried that foreign investors will dump Treasury securities. In 2015, a third was held by foreigners, but this has since fallen to under a quarter.
The ‘Mar-A-Lago Accord’ proposal, which requires foreign governments to hold US Treasury ‘century bonds’ for 100 years despite assured losses, will compound resentment.
Lowering Treasury bond yields is both risky and difficult due to the highly financialised US economy. Past bond market turmoil has triggered stock market selloffs, lowering Treasury yields, share prices and tax revenue.
Government and corporate borrowing costs rise together. As trillions of dollars’ worth of corporate bonds mature over the next two years, high interest rates will raise corporations’ borrowing costs. Many want to refinance at lower interest rates.
These efforts to bring down interest rates are apparent to all. But lower interest rates and negative ‘actual yields’ for Treasury securities will ensure high inflation persists.
De-dollarisation accelerating?
Trump’s actions, especially threats of tariffs and sanctions, have elicited diverse reactions, often undermining dollar hegemony and accelerating de-dollarisation.
Many recent developments have undermined public confidence in the US government and the rule of law, accelerating de-dollarisation.
As investors sold US assets in mid-2025, the dollar saw its biggest fall since the 1973 oil price hike. It fell by over 10% against other major currencies, triggering temporary falls in the prices of many financial assets, including equities and bonds.
Since then, there has been increased capital market uncertainty and volatility, as in the US bond market, although a strong rally followed the ensuing stock market crash.
In many recent episodes of financial volatility, dollar liquidity was considered the safe option. But in 2025, confidence in dollar assets fell, prompting selloffs and de-dollarisation.
Thus far, Trump has been adept at managing short-term volatility, but his style implies no one knows when the music will stop.
IPS UN Bureau
Follow @IPSNewsUNBureau
Le Tribunal de commerce de Cotonou a condamné, le 30 décembre 2025, la société AASHIRWA HOUSE HOLD SARL à rembourser le solde d'un prêt à l'Association pour la Promotion de l'Epargne Crédit à la Base Communautaire (P.E.B. Co BETHESDA).
Un concours financier de quatre millions neuf cent mille (4.900.000) FCFA a été octroyé par l'Association pour la Promotion de l'Epargne Crédit à la Base Communautaire (P.E.B. Co BETHESDA) à la société AASHIRWA HOUSE HOLD SARL. Pour garantir ce prêt, la société emprunteuse avait constitué une garantie de cinq cent quatre-vingt-dix mille (590.000) FCFA.
La société AASHIRWA HOUSE HOLD SARL indique qu'elle effectué des versements sur « le compte mobile money personnel de l'agent collecteur » afin d'éviter d'accumuler les impayés.
L'Association P.E.B. Co BETHESDA conteste le montant de la dette et adresse une mise en demeure à la société AASHIRWA HOUSE HOLD SARL.
La société saisit la justice, le 16 juillet 2025, pour obtenir un arrêté contradictoire des comptes.
Un terrain d'entente a finalement été trouvé par les parties à travers un protocole d'accord qui a fixé le capital restant dû, majoré des intérêts et pénalités, à la somme de 2 870 915 FCFA.
À l'issue de paiements partiels ultérieurs, le tribunal a constaté que le reliquat de la créance s'élevait à 2 400 915 FCFA.
La société AASHIRWA HOUSE HOLD SARL a reconnu ce montant. Mais elle a sollicité un délai de grâce d'un an pour « mieux organiser sa solvabilité ».
Le Tribunal de commerce de Cotonou a opposé une fin de non-recevoir à cette demande de moratoire. Le tribunal a motivé sa décision en soulignant que la société « ne fait aucune offre de paiement réaliste et ne justifie pas non plus les difficultés de trésorerie qu'elle prétend rencontrer ». Par ailleurs, le juge a rappelé que le recouvrement de ces fonds est essentiel pour l'association P.E.B. Co BETHESDA, qui doit répondre aux « besoins de financement de sa clientèle ».
En conséquence, le tribunal « condamne la société AASHIRWA HOUSE HOLD SARL au paiement de la somme de deux millions quatre cent mille neuf cent quinze (2.400.915) francs CFA » au profit de l'association P.E.B. Co BETHESDA.
En plus du remboursement de la créance, la société AASHIRWA HOUSE HOLD SARL devra supporter l'intégralité des frais de la procédure, selon le jugement N°028/2025/CJ3/S1/TCC rendu en premier ressort le 30 décembre 2025.
M. M.
Lors d'une cérémonie solennelle ce lundi 05 janvier 2025 à Cotonou, deux hauts responsables de l'armée ont officiellement reçu leurs nouveaux attributs de généraux.
Le Chef d'État-Major Général, Fructueux Gbaguidi, a été élevé au grade de Général de Corps d'Armée. Il arbore désormais quatre étoiles dorées. À ses côtés, le patron de la Garde républicaine, Dieudonné Tévoèdjrè, accède au rang de Général de brigade.
Ces promotions, actées fin décembre par le président Patrice Talon, interviennent dans un climat de vigilance accrue. Le Bénin fait face à une menace djihadiste persistante à ses frontières nord.
Le ministre de la Défense, Alain Fortunet Nouatin, a salué des officiers incarnant « la fidélité à la République » et une « rigueur professionnelle » exemplaire. Pour le gouvernement, ce renforcement du commandement répond à la nécessité d'une « maturité stratégique » face aux groupes armés.
Le contexte politique a également pesé sur la cérémonie. Le ministre Nouatin a fait une allusion directe aux récentes tensions politiques. Il a rappelé qu'après une tentative de coup d'État avortée, la discipline militaire reste la priorité absolue. « La stabilité institutionnelle ne saurait jamais être tenue pour acquise », a martelé le ministre devant un parterre de personnalités, dont le ministre d'État Romuald Wadagni.
Des profils de terrain
Les deux promus sont des purs produits de l'élite militaire, anciens enfants de troupe. Fructueux Gbaguidi est un officier de terrain aguerri, passé par le maintien de la paix de l'ONU et la diplomatie militaire.
Dieudonné Tévoèdjrè commande actuellement la Garde républicaine, unité d'élite chargée de la protection des institutions.
QUELQUES IMAGES