Kigali — Adopting strategies that increase the development finance envelope in African countries will get rid og poverty
Africa has displayed the lowest growth rate in the world since the 1960's to date. The rate was a mere 0.9 percent per annum which was 1.5percent points below the rate of other developing regions and 3 percent points below that of high performing East Asian economies and even African top performers such as Mauritius and Botswana.
In a recent conference held at Laico Umubano Hotel, Kigali it was highlighted that Africa's slow growth is primarily due to low factor accumulation, particularly capital and productivity and these two factors account for 50percent of the difference in growth rates between Africa and other developing countries.
According to Janvier Nkurunziza, the Project Manager for the United Nations Conference on Trade and Development for Africa (UNCTAD), Africa's savings rate is currently at 20percent of GDP. This is half the rate in East Asia and Pacific region which boosts a rate of 39percent of GDP.
"The impact of low levels of savings and investment, has led to low levels of economic development on welfare of Africa's populations which is staggering," he said.
According to Nkurunziza, the continent of Africa has the highest rate of poverty prevalence, which is well defined as the proportion of people living with an income of less than one dollar per day, and this has remained the case over last 2 decades.
"This situation has prevailed up to middle this decade, where 46percent of the African population is poor compared to 29percent in south Asia, the poorest region in the world," Nkurunziza said.
"Africa is the only region where the number of poor people has been increasing at a time when other regions have significantly reduced their proportion of poor people by controlling unnecessary birth rates," Nkurunziza added.
East Asia has reduced the number of its poor people from about 60percent in the 1980's to about 15percent in 2003, in contrast to Africa's numbers that increased from 42percent to 46percent over the same period of time.
"The 2008 cascading food, fuel, financial and economic crises have even exacerbated these trends and millions of Africans have fallen into poverty in the last two years as a result," Nkurunziza said.
Antonio Pedro, the Director of the United Nations Economic Commission for Africa (UNECA) said that, the continent clearly needs much more resources than it has today if it is to attain MDGs, in particular halving poverty by 2015.
"The need for more capital accumulation and its efficient use for productive purposes will make projects reach their goal of mobilizing financial resources on the African continent as well," Pedro said.
The UNECA Project has been assessing two questions of how Africa should generate more financial resources to fund its development needs and what should be done to maximize the efficiency of these resources.
Pedro underscores the need for financial resources as one of the available alternatives that do not generate debt.
He gave the simple reason that, "people should avoid repeating the experience of the 1970s and 1980s where unwise borrowing and lending led to the infamous Africa's debt crisis."
"Many African economies are apparently and presently still paying the price due to that infamous crisis that was caused by unwise borrowing and lending," Pedro said.
The UN body says that most of these resources are domestic and include private resources from formal, semi-formal and informal sectors, as well as tax and non tax public revenue.
The UNECA project has plans of making discussions on some of the external resources that include primary remittances, which should be considered due to their growing importance in several African countries.
"What should be done to increase the productivity of resources in Africa is to base on mobilizing financial resources and efficiently making proper use of them in the continent," Pedro said.
He added that, "Before the current economic crisis that has engulfed all countries in the world, a number of African countries had benefited from the commodity boom and increased their revenue."
Unfortunately, judging from the experience of past booms, countries have tended to increase spending on non productive assets which created a misuse of resources around the continent.
Martin Halle, an employee of the UNECA project said that, public resources are supposed to be directed to the most pressing needs of the population and most productive investment.
"For investments to produce growth, development and reduce poverty, the tendency to allocate resources based solely on political objectives should give way to economic efficiency considerations," Halle said.
He said that the view that while political imperative may be important for resource allocation, growth can be achieved only if economic factors have precedence.
However, he recommended that African countries need to take part in establishing the best institutional framework that will encourage private investors to invest within the continent.
Through adopting strategies that increase the development finance envelope in African countries and using them efficiently to put the continent on a sustainable growth path, its imperative that poverty reduction will be achieved when domestic financial resources are properly put to use.
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John 10:10
The thief (D-Evil) comes to steal,kill, and to destroy: I (Jesus Christ) have come that they might have life, and that they might have it more abundantly.
[Daniel 11:14 ]] And in those times there shall many stand up against the king of the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR PEOPLE shall exalt themselves to establish the vision; BUT THEY SHALL FALL !
INFERIORITY = UNEQUAL EXCHANGE ANY KIND OF EXCHANGE MUST BE AS EQUALS
Currency Exchange is designed to puff up certain peoples and nations over others. The numbers are constantly telling some that they are inferior to others. The problem intensifies when those being manipulated by this financial scam buy in to this wicked scheme.
Whats the solution to INFERIORITY CURRENCY EXCHANGE ? Stop giving away our souls one piece of money ( dollar , pound, franc, rand, deniro, rupal, euro, Chinese renminbi, rupee, Russian ruble,etc..) at-a-time .
Do research on what price your product gets in the so-called First World countries. And demand that price. This will not work unless people at the local areas do this together. Form Co-Ops and agree to charge the prices you deserve.
2) INFERIORITY = Pay by Time
There is another system used to oppress people that feeds the business owners with a lust for MORE profit. One year they may have profits of 50%, the next year they may have profits of 100%, the next year their profits may only be 75%. The system in the world will consider that going from 100% profits to 75% profits is bad for business.
How is that bad ? Profits are profits ! Many businesses have different levels of pay for the same workers.; levels such as :
a) Top Salaries Private and only known to each individual workers b) Medium Salaries Private c) Lower Salaries Private and only known to each individual workers d) High Hourly Wages e) Medium Hourly Wages f) Minimum Hourly Wages
I suggest that EVERY WORKER SHOULD BE PAID A LIVING WAGE. The Minimum Wage is like a financial ball and chain ; only giving those receiving it just enough to live to see the next day.
The Living Wage allows workers to live, invest, spend, save, and thrive. We can dream about having our own businesses , then wake up and attain our dreams. This is great for the businesses that pay Living Wages. For this creates new customers and new generations of customers.
As long as the system of Living Wages is in place, there will be a thriving economy and a blooming world full of optimistic activities. But it will only happen when business owners see the benefit of paying more pennies to make more dollars ! Which of you business owners will have the insight, recognition, roots, understanding, initiative, moxy, & compassion to make the step most are afraid to make.
John 10:10
The thief (D-Evil) comes to steal,kill, and to destroy: I (Jesus Christ) have come that they might have life, and that they might have it more abundantly.
[Daniel 11:14 ]] And in those times there shall many stand up against the king of the south(AMERICA / BABYLON ): ALSO the ROBBERS OF OUR PEOPLE shall exalt themselves to establish the vision; BUT THEY SHALL FALL !
INFERIORITY = UNEQUAL EXCHANGE ANY KIND OF EXCHANGE MUST BE AS EQUALS
THE TRUTH ABOUT DIAMONDS
Did You Know That The Robbers Have Warehouses Full Of 55 Gallon Drums Each Full Of Raw Uncut Diamonds ?
The Wicked Are Using The Same Schemes On Us. : 1) They Hoard Riches ; Controlling The Supply So Well Think The Supply Is Low 2) This Scheme Helps Them To Get A Higher Price & Deceives Most Of Us Into Believing That Things ( Such As Diamonds, Gold, Oil, Etc..) Are In Short Supply & Even Due To Run Out.
Diamonds Are In Abundance And Their Supply Is Being Controlled By Persons Under The Control Of Spiritual Wickedness In High Places (Ephesians 6:12) .
We Saints Serve An Infinite God, What He Placed Here On This Earth For His Children Is Also Infinite. When You See A Volcano Or Magma ; The Liquid Land Flowing Out Of Volcanos, Think Of Growth. The Earth Is Steady Growing.
Once God Settles Things With The Rightreous & Un-Righteous . [Definition Righteous Means The Desire To Do Right ]
Diamonds Are In Abundance And Their Supply Is Being Controlled By Persons Under The Control Of Spiritual Wickedness In High Places (Ephesians 6:12) . [http://janineroberts.org/]
1. The Bakken Oil Field Find
2. 55 gallon drums fulls of unprocessed diamonds.
* These are just a few of the suppressed world riches this beautiful world created by God (Jehovah, Father of Jesus Christ)..
3. Minister Lindsey Williams has known for 30 years of a major oil find in Alaska.
* He says that he sat in on meetings of the rich and powerful. These men decided not to use this oil to help America.
* Beware Africans, the wolves of deception are always around riches.
* Hosea said we perish for two reasons. Most people only remember one reason why we perish.
- Hosea said MY PEOPLE PERISH FOR LACK OF KNOWLEDGE
- AND because they REJECT KNOWLEDGE
- In other words, they DONT KNOW & THEY DONT WANT TO KNOW !!!!
4. For those who want to know I suggest you guys who can get the Internet do these things :
a) Listen to broadcasts like : Alex Jones (Infowars), Derry Brownfield, The Power Hour
(Joyce & Dave), Jeff Rense, and other broadcasts on the Genesis Communications Network.
b) Heres an appetizer of information on the subjects I have just written on :
Do a search use IX Quick search engine .They dont record your computers address ; protect your privacy [ http://ixquick.com/]
Here are three(s) separate subjects that I mentioned that you can search for
(i) Bakken Oil Field Find
(ii) Lindsey Williams (YouTube videos)
(iii) Janine Roberts :Glitter & Greed : The Secret World of The Diamond Cartel
ANOTHER SUGGESTION IS FOR THOSE LIVING IN THE CITY TO POOL THEIR RESOURCES TOGETHER AND MAKE NEIGHBORHOOD COOP GREENHOUSES . HERE YOU CAN GROW SOME KIND OF FOODS AND NOT BE TOTALLY DEPENDENT ON GROCERY STORES.
Our only enemies are in Hell , waiting for their life-sentence of damnation.
You are in my prayers. Pray for each other too
Have Faith in God and Love for each other. May The Lord God Bless You real good
The Swine Flu Vaccination Hoax - Explained URL [http://www.youtube.com/watch?v=SbFxV_C8Yw4 ]
[Check Out :
3) Who Brought The Slaves To America ? URL = [ http://www.youtube.com/watch?v=JuzhnKy63io ] Or [http://wideeyecinema.com/?p=911]
WAKE UP !!! STAY UP !!!
[ www.libradio.net ]
[http://www.infowars.com/infowars.asx ]
[ gcnlive.com ]
Life Is A Game. Have Fun . Luke 18:17 - Isaiah 11:6