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Former president of Tanzania praising falling aid

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Friday, 31 May 2013

Former president of Tanzania praising falling aid

Former president of Tanzania - Benjamin Mkapa - surprised attendees to a roundtable discussion on Development on 28 May when he praised falling aid from the developed world to Africa.
"I personally think that […] aid decline is health because it will compel African nations to look for own ways of running their economies," said Mr Mkapa whose ten-year reign between 1995 and 2005 attracted considerable  foreign investments and development assistance.
The former president emphasised that the future of the African continent lies on engaging with the developed world as equal partners with resources to trade.
Further on, he categorized the effect of EPAs on ACP countries’ economies as “disastrous”. Mosha said it will be a major blow to Africa's infant industries to compete with heavily subsidised European industries, which are backed up by inefficient farmers who survive on government subsidies.
"They also don't want the issue of development assistance to feature in ongoing EPA talks," Mosha charged after former Mkapa criticised the 27 member bloc for treating Africa as aid recipient and not equal partner.
Tanzania is part of the East African Community (EAC), an intergovernmental organisation which includes also Burundi, Kenya, Rwanda, and Uganda which has established a customs union and a common market for its member countries. Tanzania is negotiating its EPA with the EC under the EAC.

Source: AllAfrica