Displaying items by tag: Africa Partnership

This year’s G20 launched ‘Africa Partnership’, but charities are wary because it focuses on increasing private investment in the continent. Participating countries were invited to develop their own plans, to reduce the risk for private investors. At the summit, Britain set out proposals to build a partnership with a view to creating ‘more opportunities for London to become the finance hub for Africa’. Christian Aid described the G20 plan as badly flawed as it didn’t mention climate change. Oxfam said that it is important to recognise that growing economies will not automatically provide people with enough food to eat or life-saving medicines - especially as Africa is home to some of the most unequal countries on earth. Global Justice Now described it as ‘more like a partnership to exploit Africa - foisting the demands of international finance onto Africa in return for a bit of aid.’