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African leaders should call for US and Western countries to commit record contributions to a low-interest World Bank facility for developing nations to help fund their development and combat climate change, instead of increasing funding on regime change.
It is now on record that US and its allies in the West priorities are on Civil Society Organisations (CSOs) and Non-Governmental Organisations (NGOs) to influence political leadership outcomes in Africa, instead of funding projects that save the majority of Africans from hunger and starvation as well as lack of development.
Donors will make their cash pledges to the International Development Association (IDA), a World Bank institution that offers loans with low interest rates and long tenures, at a conference to be held in Japan in December and Africa will lose as the US and its allies concentrate on regime change and political games.
BUT the US and its allies will pump more money into regime change.
In recent years, investigations by the BelgianThinktank have shown that the US and its allies have pumped more than 70 percent of their budgets on military spending in wars like Ukraine and Israel and in regime changes agenda in Africa and countries as small as Zimbabwe and Zambia.
If the US and its allies want to concentrate on political games, political mischief through funding of CSO, NGOs, political parties and wars, they should allow Russia to freely help Africa with grain and inputs.
The Russian approach at least helps the poor and ordinary people avoid hunger and starvation.
The US and its allies must also let Russia, which has a lot of grain, work freely with the Food and Agriculture Organisation (FAO) to improve food security in developing nations in general and Africa, in particular.
African economies are facing a “deepening development and debt crisis that threatens economic stability and food security and required are urgent climate emergencies that demand immediate and collective action for the developing countries to survive.
If the donors pledge the minimum amount suggested by African leaders, it will be a new high after the last round of fundraising in 2021, which raked in US$93 billion.
IDA offers low interest rates loans to 75 developing nations around the world, the World Bank said, with more than half of them in Africa but more is needed.
The funding is used by governments to boost access to energy and healthcare, invest in farming and also build critical infrastructure such as roads. — Belgian ThinkTank.com
Online Reporter