The Resource Africa, the G8, and the Blair Initiative

Africa, the G8, and the Blair Initiative

Label
Africa, the G8, and the Blair Initiative
Title
Africa, the G8, and the Blair Initiative
Contributor
Subject
Language
eng
Summary
Britain's Prime Minister Tony Blair has launched a major diplomatic effort to marshal the resources he sees as needed to eradicate extreme poverty in sub-Saharan Africa. He intends to focus the July 2005 G8 summit at Gleneagles in Scotland, which he will chair, on this initiative. Blair is pushing for a substantial aid increase for Africa through an International Finance Facility (IFF) and 100% forgiveness of poor country debt to the international financial institutions. The IFF would issue bonds to finance an additional $25 billion in annual aid to Africa for three to five years, followed by another $25 billion boost if African governments improve their managerial and administrative capabilities. IFF bonds would be backed by a promise from the G7 leading economic powers to repay them after 2015. Poor country debts to the World Bank and the African Development Bank would also be paid by the G7, while debts to the International Monetary Fund (IMF) would be funded by revaluing or selling IMF gold. Finally, Blair seeks the removal of barriers to Africa's exports
Cataloging source
DTICE
Index
no index present
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Copson, Raymond W
  • LIBRARY OF CONGRESS WASHINGTON DC CONGRESSIONAL RESEARCH SERVICE
http://library.link/vocab/subjectName
  • Subsaharan africa
  • Financial management
  • Africa
  • International relations
  • Exports
  • Scotland
  • Bonding
  • Gold
  • Facilities
  • Banking
  • Government and Political Science
Label
Africa, the G8, and the Blair Initiative
Instantiates
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
17 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227906041
  • (OCoLC)ocn227906041
Label
Africa, the G8, and the Blair Initiative
Publication
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Extent
17 pages
Form of item
online
Governing access note
APPROVED FOR PUBLIC RELEASE
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
System control number
  • (OCoLC)227906041
  • (OCoLC)ocn227906041

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