ORIGINAL FRENCH ARTICLE: Et pendant ce temps, l’Afrique…
by Jean-Paul Piérot
Translated Thursday 23 October 2008, by
North and South. Africa needs 72 billions dollars a year in aid. Hundreds of billions are being freed up to pay for the consequences of speculation.
It was a powerful symbol. At the New York summit meeting at the UN General Assembly on September 22, the first point on the agenda was forgotten amid the financial crisis. The Paulson Plan, named after George Bush’s Treasury Secretary and which consists of injecting 700 billion dollars to save the American banks that the speculative bubble is driving bankrupt, occupied the front pages the newspapers; meanwhile the TV networks were devoting a large part of their program time to heated Congressional debates, rivaled only by rebroadcasts of football games. The cruel irony is that the UN General Assembly was then considering the mid-stage results of the Millenium commitments, and in particular the most dramatic case: Africa. In the year 2000, 190 governments had made a commitment to eliminate extreme poverty and hunger, to provide a primary education to all children, to work towards equality between the sexes, to reduce infant mortality, to improve maternal health care, to fight against AIDS and malaria, to make progress in sustaining the environment, and to set up a world partnership for development.
The G8 promised to double its aid.
The report by the Korean UN general secretary, Ban Ki-moon, underlined the delays and the unkept promises run up by the richest countries. In 2005, a G8 summit agreed to double aid for African development by 2010. The following year, that aid was increased by 8%, but since then the providers of funds have fallen behind, the General Secretary noted. Africa has a long way to go to realize the development objectives that had been sent. Africa has been decoupled and is regressing compared to the rest of the world. Two-thirds of the population is stricken by the greatest poverty. Sub-Saharan Africa, already hard-hit by famine, is further threatened by a food crisis, global warming, and skyrocketing energy prices. Malaria and many other diseases, which could be contained and treated, continue to kill millions. Those are just a few of the conclusions contained in the report which was presented to the world’s heads of state and government, amid almost total media indifference.
Despite promises to ease Africa’s government debt burden, it still stood at 144.5 billion dollars in 2007, and the debt contracted by private business hit 110.2 billion. Meanwhile, Africa is falling further and further behind in terms of infrastructure, health facilities, access to medicines, and access to water. And at the very same time, the money that the richest countries cannot find for development of the Southern hemisphere spouts in a geyser of hundreds of billions of dollars to save a financial system weakened by speculation. Whereas the UN puts the amount of aid that the world should devote to deliver Africa from the slow death of underdevelopment at 72 billion dollars a year, the American government vouchsafes 700 billion dollars to the bankers, with the American tax-payer footing the bill. The UN estimates of the money needed by the African continent are, in comparison with the colossal sums being spent to save finance capitalism, shamefully modest. Fifty-two billion dollars over the next two years to close the infrastructure gap, 20 billion over the same period to close the energy gap, 5.7 billion to provide clean water, 11 billion for transport, 8 billion for agricultural development, etc. Compare that with the Paulson Plan’s 700 billion dollars, which comes hard on the heels of the 200 billion freed up to take over Fanny Mae and Freddy Mac, the 250 billion pounds announced by the British government, Spain’s 30 billion euros, the Netherlands’ 8 billion, and the 50 billion euros paid out by Germany to save the Hypo Real Estate bank from going belly-up.
As Aminata Traoré, former minister of culture of Mali and a great militant for the African cause, explains on page three of the print edition of l’Humanité, there is a great danger of seeing the Great Powers, which dominate the world, striving to make up part of the bill by reducing aid to the countries of the Southern hemisphere – countries which have been seriously weakened by the structural adjustment programs imposed by the International Monetary Fund (IMF) and the World Bank. This fear was further corroborated by the worrying words pronounced by IMF director Dominique Strauss-Kahn, who announced on Thursday that the countries of the Third World were going to suffer the fallout from the crisis that is shaking the stock markets. The Southern hemisphere is the eternal loser. 700 billion as against 72! And yet, the extravagance of the great capitalist Powers, ready to pay out thousands of billions of dollars or euros to defend the capitalist system, is enough to show that humanity, once it has been freed of the domination of the markets, has more than enough means to guarantee a decent life to every human being.