Africa: G8 Has Yet to Deliver on Aid Promises - World Bank

By Kester Kenn Klomegah

MOSCOW (IPS) - The industrialised nations of the Group of Eight are failing on the promises made in their previous summits to help Africa's economic development and to push for poverty alleviation for those struggling to survive on less than a dollar per day, say World Bank experts and development activists.

"It's obvious to the whole world that G8 member countries are not fully delivering on their promises to Africa and nobody holds them accountable for those lapses," Eric Kilongi Mgendi, regional spokesperson for the development campaign group ActionAid, told IPS in an interview from Nairobi, Kenya.

"African countries badly need technology and investment capital to help them adapt to all kinds of environmental hazards, including the changing climate. It needs the G8 to steer development to an appreciable level for the growing population," he said.

While aid would help develop much of the infrastructure, harness energy resources and improve social services, African leaders should also take progressive steps to strengthen intra-regional trade, said the activist.

Full story: Africa: G8 Has Yet to Deliver on Aid Promises - World Bank

Posted by proutist-universal on August 3, 2007 11:16 AM
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"In economic life there is extreme inequality and exploitation. Although colonialism no longer exists openly in the political and economic sphere, still it persists indirectly, and this should not be tolerated... In this respect you should remember that in economic life, we will have to guarantee the minimum requirements of life to one and all... There cannot be any sort of adjustment as far as this point is concerned. The minimum purchasing requirement must be guaranteed to all. Today these fundamental essentialities are not being guaranteed. Rather, people are being guided by deceptive economic ideas like outdated Marxism, which has proven ineffective in practical life and has not been successfully implemented in any corner of the world. Why do people still believe in such a theory, which has never been proved successful? The time has come for people to make a proper assessment of whether they are being misguided or not."

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