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‘Rebuilding Africa 'can't be dependent on donors'

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Monday, 04 February 2013

‘Rebuilding Africa 'can't be dependent on donors'

Nigerian finance minister, Ngozi Okonjo-Iweala said on Friday, 1 February as part of UN development panel in Liberia that aid should not be situated at the core of Africa’s development. Instead, Africa needs innovation, infrastructure and jobs.
The declaration was made as part of the UN high level panel which discussed the continuation after 2015 of the Millennium Development Goals ( MDGs). In this context, the Nigerian minister also argued that for a change to occur, Africa needs approximately $93bn-120bn  a year, almost $50bn less than available at the moment. However, these money shall not come exclusively from donors; new ways of financing these needs shall be found.
Perspective for the period post-2015 exist, as the private sector, unlike previously, appears to be interested in putting forward a solid framework for the millennium development goals (MDGs).
Discussions on the post-2015 MDGs framework will continue in Bali, Indonesia on 25-27 March 2013.

Source: The Guardian