posted on Jun, 3 2005 @ 03:16 PM
"The UK Chancellor Gordon Brown has put forward a bold plan to tackle poverty in Africa ahead of the G8 Summit of rich countries in Scotland next
He called for a doubling of European aid by 2010 and 100% debt relief, as well as an end to many trade subsidies.
But the plan is facing opposition in the US - and particularly from President George W Bush. "
So, I'm curious, what do people think about this idea? Will freeing poverty- stricken African countries from loads of debt help the continent in the
long run? Should the US participate? Why the opposition?
IMO, I think this is a good idea. These countries will never pay back their debt and all it does stunt their economic progress. African economies have
started to grow exponentially in recent years, just imagine what they could do without all this debt.
As to the US administration's refusal to support this...I think the article has it right. There's no constituency for Africa in the US and Bush has
his mind elsewhere. There are no African nations like Saudi Arabia that have a significant grip in the US.
I'm really surprised at the UKs generosity...if that's what it is. I curious as to what they get out of this. Is it just an altruistic endeavor, or
is there some, more political reason behind it. If this debt relief and aid effort truly is altruistic, I find that quite admirable. It's rare for a
country to look past it's own interests and care about the well-being of the human race.