The U.S. International Trade Commission, where I am an analyst, is researching infrastructure in Africa. What have we learned? Land transport in Africa is time-consuming and unreliable. It can take three days to move freight 300 miles in Kenya and four days for the same distance in Cameroon, due to loading delays, congestion and low speeds on pothole-filled roads.
News Advisory: BACKGROUND: Leaders of the largest industrial economies in the world - the so-called G-8 - meet next week in Gleneagles, Scotland. At the top of the agenda is an expected response to the British- sponsored Africa Commission report, which calls for a doubling of foreign aid to African nations and debt relief to the world's poorest nations. The United States has provided significant foreign assistance to African nations, and the innovative Millennium Challenge Account appreciably raises the level of aid to developing countries. However, questions continue to be raised about the effectiveness of aid provided, as well as concerns raised about the slow delivery of aid through the MCA process. Meanwhile, the U.S. has signed onto a debt relief plan initiated by the G-8 consi...
[...] Obama sent a signal to Africa that American foreign aid policy is moving toward a new focus on agriculture and food security. [...] there needs to be a major change in the attitude of most African governments toward the private investor, many of whom find the atmosphere cold and uninviting.
News Advisory: BACKGROUND: Leaders of the largest industrial economies in the world - the so-called G-8 - meet next week in Gleneagles, Scotland. At the top of the agenda is an expected response to the British- sponsored Africa Commission report, which calls for a doubling of foreign aid to African nations and debt relief to the world's poorest nations. The United States has provided significant foreign assistance to African nations, and the innovative Millennium Challenge Account appreciably raises the level of aid to developing countries. However, questions continue to be raised about the effectiveness of aid provided, as well as concerns raised about the slow delivery of aid through the MCA process. Meanwhile, the U.S. has signed onto a debt relief plan initiated by the G-8 consi...
FOREIGN AID today perpetrates a cruel hoax on those who wish the world's poor well. There is all the appearance of energetic action - a doubling of foreign aid to Africa promised at the G-8 summit last July, grand United Nations and World Bank plans to cut world poverty in half by 2015 and visionary statements about prosperity and democracy by George W. Bush, Tony Blair and Bono. The economist Jeffrey Sachs even announced the "end of poverty" altogether by 2025, which he says will be "much easier than it appears. No doubt such promises satisfy the urgent desires of altruistic people in rich countries that something be done to alleviate the grinding misery of the billions who live in poverty around the world. Alas, upon closer inspection, it turns out to be one big Potemkin village. The...
British Prime Minister Tony Blair is pressuring the rich nations of the world to give more foreign aid to Africa - to the tune of $25 billion a year by 2010. The United States already gave $3.2 billion last year. In the wake of this pressure, we might ask ourselves whether it's foreign aid that Africa needs most for economic development. A standard myth is there's a "vicious circle of poverty" that makes economic development virtually impossible for the world's poor nations. This myth holds that poor countries are poor because income is so low that savings cannot be generated to provide the kind of capital accumulation necessary for economic growth. Thus, it is alleged, the only way out of perpetual poverty is foreign aid.
Cuts to U.S. foreign aid budget will be life-threatening to the world's poorest children in Horn of Africa and elsewhere WASHINGTON, July 26, 2011 /PRNewswire-USNewswire/ -- As the clock winds down on Capitol Hill's current budget battle and the August 2 deadline to extend the national debt limit looms, recent polls show that Americans remain divided on the issue of foreign aid. According to a Gallup poll from January, 59% of those polled supported cutting foreign aid.
British Prime Minister Tony Blair is pressuring the rich nations of the world to give more foreign aid to Africa -- to the tune of $25 billion a year by 2010. The United States already gave $3.2 billion last year. In the wake of this pressure, we might ask ourselves whether it's foreign aid that Africa needs most for economic development. A standard myth is there's a "vicious cycle of poverty" that makes economic development virtually impossible for the world's poor nations. This myth holds that poor countries are poor because income is so low that savings cannot be generated to provide the kind of capital accumulation necessary for economic growth. Thus, it is alleged, the only way out of perpetual poverty is foreign aid.
Since 2001, this Administration has worked with our G-8 [forum of top economic world powers] partners to relieve some $34 billion in African debt; and, with strong bipartisan support in Congress, we have nearly quadrupled assistance to Africa as part of the largest expansion of foreign aid since the Marshall Plan. Kenya calmed only after intense engagement by President Bush, Secretary Rice, and Assistant Secretary Frazer to support Kofi Annan's facilitation efforts with Kenyan leaders and civil society to find common ground for compromise and to create conditions for a coalition government.
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