TO LIFT AFRICA OUT OF POVERTY

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By UNCTAD/PRESS/PR/2006/025, Sept 21,06 – PROMISED AID INCREASES SHOULD BE SPENT DIFFERENTLY TO LIFT AFRICA OUT OF POVERTY

De-politicized and more predictable flows with greater economic focus needed, managed by the UN along Marshall Plan lines, UNCTAD report(1) says:

EMBARGO:

The contents of this press release and the related Report must not be quoted or summarized in the print, broadcast or electronic media before 21 September 2006.

Downloads 2267 KB, 107 pages in pdf: Economic Development in Africa – Doubling Aid, Making the “Big Push” work.

Aid to Africa not only should be doubled, as now agreed to by donors, but most of it should be distributed multilaterally, perhaps by a UN fund independent of political pressures, a new UNCTAD report contends.

The money should be released in predictable tranches over a long-term period, should be more focused than currently on enabling African economies to produce a broader range of goods and to create more jobs, and should be channelled to those countries´ general budgets so that their legislatures can best decide how to spend it, the report recommends. Such an arrangement would replace the current chaotic system in which too many agencies – some bilateral, some multilateral – are pushing too many development projects that sometimes compete with each other, often don´t match recipients´ development goals, are costly to administer, and frequently leave African governments confused and stymied by their numerous rules and conditions, says Economic Development in Africa 2006: Doubling Aid: Making the “Big Push” Work.

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Endnotes:

Economic Development in Africa – Doubling Aid: Making the “Big Push” Work, 2006 (Sales No. E.06.II.D.10, ISBN 92-1-112702-5) may be obtained from UN sales offices at the addresses below or from UN sales agents in many countries. Price US$ 19.00. Please send orders or enquiries
- for Europe, Africa and Western Asia: to United Nations Publication/Sales Section, Palais des Nations, CH-1211 Geneva 10, Switzerland, fax: +41 22 917 0027, E-mail;

- for the Americas and Eastern Asia: to United Nations Publications, Two UN Plaza, DC2-853, New York, NY 10017, USA. Tel: +1 212 963 8302 or +1 800 253 9646, fax: +1 212 963 3489, E-mail, Internet.

For more information, please contact: UNCTAD Press Office, Tel: +41 22 917 5828, E-mail, Web.

(Read the rest of this long article on this page of UNCTAD.org).

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