G8 pledges to help Africans

AFP

G8 pledges to help Africans

CAMP DAVID (AFP)

G8 leaders pledged to lift millions of Africans out of poverty by promoting investments in sustainable agriculture.

“Today we commit to launch a New Alliance for Food Security and Nutrition to accelerate the flow of private capital to African agriculture, take to scale new technologies and other innovations that can increase sustainable agricultural productivity, and reduce the risk borne by vulnerable economies and communities,” the Group of Eight major industrial nations said.

“This New Alliance will lift 50 million people out of poverty over the next decade.”

The ambitious announcement, contained in a final communique released after a high-profile gathering on a range of topics, came a day after President Barack Obama reached out to the private sector for financial support for the cause.

The initiative also comes as pledges expire from 2009 in L’Aquila, Italy, where the G8 promised more than $20 billion over three years to improve food access to Africans and others hit by the high prices and a global slowdown.

Civil society observers appeared skeptical about the endeavor’s success.

“The G8 have offered warm words on food security but have failed to make a specific pledge to simply maintain L’Aquila level financial commitments going forward,” said Katie Campbell, senior policy analyst for ActionAid USA. “In failing to deliver this, they have turned their backs on the women smallholder farmers who are so vital to food security in Africa.”

Oxfam claimed that input from those directly concerned had not been taken into consideration.

“Poor countries have presented the G8 country-led, sustainable, and coordinated plans for food security and agricultural development, but today the G8 gave them the cold shoulder,” Lamine Ndiaye, the group’s Pan Africa Head of Economic Justice, said in a statement.

According to the G8 communique, the initiative would, among other things, be guided by “a collective commitment to invest in credible, comprehensive and country-owned plans.”

The Norwegian global firm Yara has said it would build Africa’s first major fertilizer production facility as part of the initiative. Companies including Pepsi and Dupont have also pledged to invest in Africa’s small-scale farmers.

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Posted on May 20, 2012, in Food, Morocco News, Security and tagged , , . Bookmark the permalink. 1 Comment.

  1. G8 Aid for Africa is no more than another empty promise to add to Deauville’s failure.
    The reality of a sick Europe and G8 with it, are gradually surfacing and joining the fall of the aftermath of the Soviet Union turning into a Russian federation of chaotic mini-states. Europe failed to help itself let alone helping others. Africa is the backbone of the world mineral resources and it is Africa that is maintaining Europe and the World and not the other way around in exchange for meagre returns which the Africans are now rejecting, demanding better terms of trade and less corruption from western multinationals.
    G8 only shows the demise of Western economic power and the hypocrisy it generates through its empty rhetoric and failed promises. The helplessness of the West is becoming apparent not only in the failure to deal the collapse of Greece, the downfall of Spanish banking and the economic recession of most European countries including France, as well dealing with Syria but more so the appeasement shown at this meeting in accommodating Iran, and rightly so, to develop its own nuclear energy. They unanimously gave the ‘Fingers up’ to the Arab/Amazigh Spring and Deauville hopes or perhaps, the other way around as they have already been snubbed by Libya.
    They defaulted in Deauville Plan and who is going to believe them that this plan for Africa is different, or is the threat of the role of China in Africa motivating them more? G8 should be scrapped and replaced, not only by G28 but by G50 of the most performing economies in the world. European economic and financial management is no longer viable to give guidance, but just as Japanese management gave a lesson to the West to modernise its management and production systems, the emerging nations are giving a new economic outlook to how to manage macro- as well as micro-economics in a developing world, which Greece is part of this developing world and needs to adjust to it badly.
    It remains that the future is with the BRICS and other emerging nations within North Africa/Africa, the Middle East, Asia and South America and not the Old bankrupt European Continent and North America.
    Dr Ben Kirat

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