The leaders of the G8 countries have adopted a detailed aid plan for Africa. This plan intends to foster economic and social development through a mix of public and private investment schemes, which will also involve local institutions.
The document states that urgent action is necessary because “the many initiatives taken to stimulate the development of this continent did not manage to improve the lives of its men, women and children for long”.
The plan aims to put already existing schemes into action, to reduce debt for the most indebted countries, to target AIDS and education and resolve conflicts.
Timothy BANCROFT-HINCHEY PRAVDA.Ru
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