posted on Jan, 21 2008 @ 12:30 PM
I have been doing some research on Africas debt and i have came upon many intresting claims, rumors and general facts and so on.
Africa owes hundreads of billions to the west, UK, US and so on. I read that when a country offers Africa some 'aid', as in 1 billion GBP. Instead
of giving them 1Bil they knock it off there debt.
Now we all know how corrupt some African poloticions are, its rediculas. So are they accepting bribes so that there country stays down, so that Africa
remains in the pocket of the super-powers ?
Nigeria is the first nation to completly get rid of all debt to the west.
Nigeria, Africa's most populous country, has not received any fresh loans since 1992. As a result, Nigerians have been paying out in debt repayments
nearly six times the amount they receive in aid.
Nigeria still owes 5Billion to other places, like the world bank and so on, but nothing too out of hand. This shows that if a country in Africa stops
its non-sence, puts a good leader in charge, it can be brought around.
So what are your veiws on this matter ?