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In 2005, when Africa was the thrust of the G8 meeting, nothing much was achieved. Amidst great fanfare, the leaders of the Group of Eight (G8) major industrial countries, are meeting again, in northern Japanese island of Hokkaido with one of their principal objectives being the need to address the problem of poverty in Africa. KUNLE SOMORIN contends that this may be a pipe-dream for Africa's ...
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Kunle Somorin needs to do a bit more research (8 July - G8, Poverty and Africa), at least on the U.S. Government's new Millennium Challenge Corporation in Africa. He could see that in Ghana $15 million has been disbursed, $70 million contracted, and the rest is on the way - just by looking on MCC's web site - http://www.mcc.gov/documents/qsr-imp-ghana.pdf. Maybe the money hasn't moved as fast as possible, but good projects and corruption avoidance make doing things right worth the wait. In Madagascar, it's hardly "privatization" of land to provide legal title to land to the peasants who farm it. http://www.mcc.gov/documents/qsr-imp-madagascar.pdf Good titles can keep the powerful and corrupt from stealing land - as happens in many countries - and allow farmers to raise capital. $100 million has been disbursed and contracted in Madagascar, with plenty more in the pipeline. I agree with much of your frustration, but why attack one of the few institutions trying to move more money, faster, and to projects requested by Africans?