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...world's poor, the nations of sub-Saharan Africa are the most heavily indebted, owing some $200 billion, equivalent to roughly three times the value of their annual exports. Across a region where per capita GNP is barely $300, external debt per capita clocks in at more than $360. Although their citizens are ravaged by AIDS, African governments spend roughly four times as much on interest payments as on health care. Says Njehu: "Make no mistake, the people hardest hit by austerity programs adopted because of debt problems are the poor--the same people who benefited least from the original...

Author: /time Magazine | Title: Seattle Sequel | 4/17/2000 | See Source »

This bill, the African Growth and Opportunity Act, would give sub-Saharan African countries duty-free access to the U.S. textile market, a self-help strategy that should prove much more successful than the current foreign aid policy of loaning money or forgiving debts. Although the bill should be welcomed with some reservations, the Clinton administration was still correct in its decision to sacrifice the World Bank proposal in order to ensure the bill's passage. While the more modest African Growth and Opportunity Act actually has a good chance of being enacted, the World Bank proposal is not only...

Author: By The CRIMSON Staff, | Title: An Economic Plan for Africa | 4/14/2000 | See Source »

...Pergamon, Paris, Berlin. We can go to Florida for spring break, or Costa Rica or London or California. We go abroad to sub-Saharan Africa, to Australia, to Eastern Europe. The world is a collection of islands connected by Coke and in-flight movies...

Author: By Maryanthe E. Malliaris, | Title: Passing Through | 4/11/2000 | See Source »

...grandstanding was intended to make a serious point. Holbrooke argued forcefully that the pandemic, which infects 33.6 million people worldwide, 23.3 million of them in sub-Saharan Africa, constitutes as great a threat to international security as any military conflict. Gore warned that AIDS will probably kill as many people in the next decade as all the wars in the 20th century combined. The outgoing Clinton Administration, he promised, will ask Congress for an additional $100 million, boosting the total U.S. commitment to fighting AIDS worldwide to $325 million. Equally important, Gore confirmed that Washington is relaxing some...

Author: /time Magazine | Title: Addressing Africa's Agony | 1/24/2000 | See Source »

...AIDS debate is only the first act in a busy agenda for council president Holbrooke, who during his month in the post wants to keep the spotlight shining on Africa. He has already held an open discussion on sub-Saharan refugees, has invited Senate Foreign Relations Committee Chairman Jesse Helms to address the council, and is trying to broker a peace in the multicountry Congo...

Author: /time Magazine | Title: Addressing Africa's Agony | 1/24/2000 | See Source »

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