After the nightmare of the Second World War, the economies of Western Europe were on their knees. And so, on 3rd April, 1948, the United States launched an economic recovery program unprecedented in its ambition. Over the next four years, the U.S. would extend a strong hand and lift these crippled nations out of the ruins of the world economy. It would transfer over $12 billion—around $128 billion in today's money—and remove barriers to trade, modernize industries, and increase prosperity.
Make no mistake: Africa is not immune to the damage wrought by the coronavirus. In my native Ghana, more than 6,000 people have contracted COVID-19. Abebe Aemro Selassie, director of the International Monetary Fund's Africa department, has warned that the continent's economy will contract by 1.5 percentage points this year. That is a loss of some £163.5 billion for the countries of Africa.
Here, in the strangest of circumstances, there is a chance for meaningful global investment to end poverty, improve health infrastructure and introduce inclusive education. There is an opportunity to end the"give and take" development cooperation model that has predominated since the 1960s, and build up an Africa that is not isolationist, but can stand on its own two feet, trade with the world, create jobs for its people, and come up with its own solutions to its own challenges.
USA has given billions already to africa, failed cause. Still treat women as slaves, mutilate little girls, war constantly. No religious tollerane. Sad Sad. Elites steal all the money.
The look we get when we know that the African continent needs help and then we hear the Chinese are coming along with their globalist friends the Democrats to “assist”
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