Word: nepad
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Dates: during 2000-2009
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...Canadian resort village of Kananaskis took an important step toward treating Africans as partners rather than beggars. The summit's agenda, in addition to global economic recovery and the fight against terrorism, included a novel plan for African reconstruction. Under the New Partnership for Africa's Development (NEPAD), African countries would undertake to establish peace and good governance in return for a target of $64 billion in investment from the rich world...
...NEPAD work? It had better. In sub-Saharan Africa 40% of people exist on less than $1 a day, and average per capita income is lower now than in the 1960s. One African in five lives in a country severely disputed by war. This decline reflects both political and institutional failure. Reform, Museveni argues, "must clearly aim at repositioning Africa from backward, agriculturally focused to industrial societies...
...African nations, of course, the issue is not which part of the U.S. government offers them funding, but how much they receive. Four countries headed by South Africa have come up with a proposal called the New Partnership for African Development (NEPAD), presenting ambitious goals that will require $64 billion a year in new money, most of it from outside the continent...
...NEPAD's agenda has been compared to the Marshall Plan that rebuilt Europe after World War II, with the important distinction that it was drawn up within Africa, not imposed from the outside. The plan targets HIV/AIDS and education and predicts economic growth of seven percent annually over 15 years for recipient countries, which will be selected based on their willingness to clean up corruption and promote democracy. For the U.S. to play a major role in NEPAD, however, the Bush administration will need to convince Congress that the money will be well spent. And that pointed proviso, unfortunately...
...countries agreed on eight draft codes of conduct to be monitored by an independent African body. The aim is to ensure Africa keeps its side of the deal to attract some $64 billion a year under a proposed "Marshall Plan" for Africa, the New Partnership for Africa's Development (NEPAD...