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IMF Loan Changed to a Grant January 20th, 2010

Under pressure, the IMF has changed its US$100 million loan to a grant. Dominique Strauss Kahn, the head of the IMF, has called for a major multilateral aid plan to rebuild the shattered Caribbean island of Haiti where the rescuers are still struggling to save lives after last week’s devastating earthquake.

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Cabinet-level U.S. Department for Global Development Proposed by Development NGOs, Faith Community October 2nd, 2008

U.S. based development and humanitarian relief non-governmental organizations and the faith community are calling on the next President and Congress to create a Cabinet-level U.S. Department for Global Development (USDGD). This proposal stems from extensive field experience, and reflects the many reports and evaluations showing that America’s Foreign Assistance Program lacks coherency and fails to respond effectively to today’s global challenges.

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G8 Commitment to Africa: Promise or Reality? July 14th, 2008

The annual gathering of the world richest nations ended on July 9th in Japan where government leaders from United States, Britain, Japan, Canada, Italy, France, Germany and Russia met to discuss global issues such as climate change, the food crisis, and development for Africa. The 2008 G8 summit was July 7-9 in Toyako, a resort near Hokkaido, Japan.

This summit comes at a halfway point for the Millennium Development Goals and commitments to Africa once again were on the 2008 G-8 agenda. But advocates for Africa fear not much will come of the new promises since so little has come of those made at the 2005 G8 meeting in Gleneagles, Scotland. There, leaders promised to double global development assistance – to $50 billion by 2010, with at least $25 billion of that amount going to Africa. The 2005 G8 leaders also had promised to eliminate the outstanding debt of the poorest nations, increase funding to fight HIV/AIDS, TB and Malaria and double investments in education. But, according to Action Aid, a leading humanitarian agency in Africa, the reality is that foreign aid to Africa has remained flat.

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