Word: nepad
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Dates: during 2002-2002
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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...
...leadership endorsed NEPAD, but the plan requires more than rhetoric. Under NEPAD, in return for increased aid, trade access and debt relief, African governments will commit themselves to standards of good governance and democracy through a system of peer review. Without upholding these core principles, donors and business will be loath to invest. Yet translating governance buzzwords into reality requires considerable institutional capacity and the sort of political will hitherto lacking in Africa. Business and civil society have a key role to play in holding leadership to these promises, often made abroad but seldom kept at home, though their relationship...
...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...