Friday, October 19, 2007

G8 Committed to Africa Development Aid

Financial Times - G8 firm on Africa development aid

This week in Ethiopia, German Chancellor Angela Merkel met with the African Union at the start of a tour of African Countries that will also include South Africa and Liberia. In Ethiopia, Merkel affirmed the G8’s commitment to its aid pledges to Africa. Most significantly, this aid will include an increase in development assistance by $25 billion by 2010.

Critics, however, are skeptical of this pledge to increase aid, based on the G8’s history of breaking similar promises. They argue that promises made at the Heiligendamm summit in June did not go much further than the $25 billion aid goal made at the Gleneagles G8 summit in 2005, which stagnated.

Discussion questions:
Is this pledge different than previous G8 pledges of increased development aid? What kind of impact will this have on the African countries?

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