The UN's other Mali objective

Yesterday, the UN Security Council approved a resolution authorizing the dispatch of an international force to Mali. The resolution authorized the force, which will be African-led, to help Mali's transitional government recover control of northern territory now held by a motley group of Islamic extremists and other rebels. The UN's move got plenty of attention worldwide. In Mali, rebel representatives decried the move while the government welcomed it:

[A]ddressing reporters Friday after meeting in Algeria, the two [rebel] groups lashed out at the Security Council's unanimous decision Thursday to back West African plans for a 3,300-troop intervention.

"We denounce this decision. We have always denounced the (planned) military intervention and we have said that it is not the solution," said Ansar Dine representative Mohamed Ag Akharib.

The statements came after Mali's government hailed the Security Council decision on the West African intervention plan as a sign that the world would not abandon the country.

"We are grateful to the international community, a consensus has been reached on the Malian situation," said an advisor to Mali's interim president, Dioncounda Traore.

In Mali and internationally, very little attention has been paid to the resolution's quite remarkable attempts to impose discipline on Mali's own armed forces. Earlier this month, Mali's army deposed the sitting prime minister, a move that generated broad international condemnation. The Council resolution makes clear that the Council reserves the right to act against against those responsible for further disruptions to the political process:

[The Council] reiterates its demand that no member of the Malian Armed Forces should interfere in the work of the Transitional authorities and expresses its readiness to consider appropriate measures, as necessary, against those who take action that undermines the peace, stability, and security, including those who prevent the implementation of the constitutional order in Mali...[emphasis added]   

Moreover, the resolution stipulates that offensive operations by the international force should not occur until there is adequate progress on restoring Mali's constitutional order. In effect, the Council holds out the possibility of international action against northern rebels as an inducement for the interim government and military to get their own affairs in order.

The Multilateralist

Will the IMF and Egypt have to renegotiate?

The Financial Times' Andrew Bowman is skeptical that the International Monetary Fund's planned $4.8 billion loan to Egypt will go through anytime soon:

The loan is conditional on some very unpopular tax increases and fuel subsidy cuts to reduce the deficit to 8.5 per cent during the financial year starting July 2013. The government is loathe to take these on at this moment in time with its authority fragile and new elections looming in 2013. Indeed, when it tried to introduce new taxes on consumer goods a few days before the constitutional referendum, it removed them within a few hours following public outcry. Its loan request has been postponed until January and the delay may entail renegotiation.

Meanwhile, continued uncertainty regarding the IMF loan appears to be shutting down other avenues of financial support for the Eyptian government, whose reserves are running low. Via the New York Times:

Earlier this month, the African Development Bank said it would only disburse its $500 million loan when the country concludes its agreement with the I.M.F., Bloomberg News reported, while this week Germany said it was postponing a €240 million, or $320 million, partial debt relief plan for Egypt, citing concerns over the tumultuous political situation, according to the newspaper Berliner Zeitung.