Russia writes off $20 billion for African countries, page


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Topic started on 27-10-2012 @ 11:43 AM by UltraMarine
According to pravda.ru , Russia has written off the debt of over $20 billion to several African countries, the Head of the Department of International Organizations of the Ministry for Foreign Affairs of Russia, Vladimir Sergeyev, stated speaking at the UN General Assembly. The move seems to be strange and inappropriate under the conditions of the economic crisis.

This write-off is not the first one. In 2008, Moscow wrote off $16 billion of debt of African countries. The diplomat said that Russia transferred $50 million to the World Bank's foundation for poor countries. The funds of the organization are directed to the development of the African region to the south from the Sahara desert. To crown it all, Russia allocated $ 43 million to the World Bank program during the last four years. The funds were assigned to improve education in developing countries - especially in African countries. More than 8,000 students from Africa study at the Russian higher education institutions, and more than a half of them study for free.
Russia has signed agreements with Tanzania and Zambia within the scope of the "debt-for-development" program. The agreements stipulate that the debt of those countries to Russia would be targeted for their development. The Russian government intends to sign similar agreements with Mozambique, Benin and Ethiopia.
Russia regularly writes off the debts of its debtors worldwide. The debts were formed during the Soviet period, when those countries were buying weapons from the Soviet Union. In September of this year, the Russian Federation "forgave" the debt of $11 billion to North Korea. In the summer of 2010, Russia wrote off 12 billion dollars to Afghanistan, and in the winter of 2008 - nearly 8 billion dollars to Iraq. Over the last 11 years, Russia has written off foreign debts in the total amount of $80 billion and paid $124 billion to its creditors. Here is the list of the largest debts that were written off by Russia:
Afghanistan - $12 billion, Iraq - $11.9 billion, Mongolia - $11 billion, North Korea - $11 billion, Syria - $9.8 billion, Ethiopia - $4.8 billion, Libya - $4.5 billion, Algeria - $4.3 billion, Nicaragua - $4.3 billion, Angola - $3.5 billion.


LINK
edit on 27-10-2012 by UltraMarine because: (no reason given)



reply posted on 27-10-2012 @ 02:23 PM by badnickname
reply to post by badgerprints


You really think the USA is being honorable and sending aid to countries like Cuba? While at the same time destroying them economically and militarily for decades? I kinda doubt it.

What I do believe however, is that the USA sends money to US companies operating in and around those countries and doing US bidding and biting. Stuff like spying, making US public money private money through 3rd countries, sponsoring revolutions and terrorism, forced vaccinations and unkown "birth prevention"...

That is also the reason why all US funded institiutions are being kicked out of Latin America and Russia.

There is quite a track record of that b***t, and I wouldn't be so eager to pronounce the US a benefactor in any way.


reply posted on 27-10-2012 @ 02:40 PM by badgerprints
Originally posted by badnickname
reply to post by badgerprints


You really think the USA is being honorable and sending aid to countries like Cuba? While at the same time destroying them economically and militarily for decades? I kinda doubt it.

What I do believe however, is that the USA sends money to US companies operating in and around those countries and doing US bidding and biting. Stuff like spying, making US public money private money through 3rd countries, sponsoring revolutions and terrorism, forced vaccinations and unkown "birth prevention"...

That is also the reason why all US funded institiutions are being kicked out of Latin America and Russia.

There is quite a track record of that b***t, and I wouldn't be so eager to pronounce the US a benefactor in any way.


I can't control politics. Never could and neither can you.
The US is no more evil than Russia or China. They are all manipulating.

Calling Russia a hero for dropping a debt they can't collect is no less wrong than calling the US evil for using their donations to their advantage.

I guess you missed my point.
US Citizens give more in donated financial aid each year than the government.
Not every "rich person" is evil.

I obviously missed your point.
You used a Russian write off to start a bashing thread, not to discuss actual aid or contributions.

Bash away.


reply posted on 27-10-2012 @ 02:45 PM by badnickname
reply to post by badgerprints


I simply responded to your post wich I thought was propagating a worldview of a US as an "aid giving" entity. I believe this is a myth and also an ingorance propagating one, thus my reply. Sorry if I went overboard, I tend to be sensitive about such issues.

I agree Russia wrote off debts it cannot collect, and would be using this to further their influence and contain US interests in those countries.


reply posted on 28-10-2012 @ 02:37 PM by TruthxIsxInxThexMist
reply to post by UltraMarine


Oil has been found in parts of Africa lately... this could be a factor!!

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