09 June 2007

Ngozi Okonjo-Iweala with the Last Word on Aid

Encouraging news... "She tells us we’re seeing changes in Africa that we never thought would happen. We’ve seen annual growth of 5%, in some cases 6-7%, up from 2%. External debt has been massively reduced. Countries are building up foreign exchange reserves, shoring up their currencies. Private investment flows are increasing, remittances to Nigeria are skyrocketing, and there’s a net inflow of capital."
There are a number of important things said in this article about employment, aid and why China is perceived as good news (=infrastructure).
WorldChanging: Tools, Models and Ideas for Building a Bright Green Future: Ngozi Okonjo-Iweala with the Last Word on Aid:

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"Spend and tax" not "tax and spend"

 I got a response from my MP which got me kind of mad. You'll see why as I reproduce it here. Apologies for the strange changes in types...