UNSC’s inability to address Gaza crisis hurts its legitimacy
Maya Ungar, an analyst at the International Crisis Group, said the UN Security Council’s failure to bring an end to Israel’s war on Gaza is undermining its authority.
She noted that the council has now called 24 special sessions on Palestine since October 7.
“Twenty-four sessions, yet very little that the Security Council has actually been able to do. That’s significant and it’s something that will continue to hurt and undermine the legitimacy of the Security Council, you know, far past when a ceasefire is reached in Gaza,” she told Al Jazeera.
“I think one of the biggest takeaways, which many member states have been shouting from the rooftops, is a need for reform of the Security Council. We’re in a situation where the Security Council is clearly not working to maintain international peace and security as it was mandated to do.”
Fitch downgrades Israel’s credit rating
The credit ratings agency cut Israel’s credit rating to A from A+, citing worsening geopolitical risks as the war on Gaza drags on.
It also kept the rating outlook negative, meaning a further downgrade is possible.
“In our view, the conflict in Gaza could last well into 2025 and there are risks of it broadening to other fronts,” Fitch said in a statement.
“In addition to human losses, it could result in significant additional military spending, destruction of infrastructure and more sustained damage to economic activity and investment, leading to a further deterioration of Israel’s credit metrics.”
