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African states 'must earn aid'

01.01.70

Tunis: Africa cannot point fingers at rich nations for providing inadequate aid if it fails to fight corruption at home, one of the continent's top lenders has said.

Donald Kaberuka, President of the African Development Bank (AfDB), said in an interview that Africans had to improve governance if they wanted the G8 group of rich nations to keep promises made at a 2005 summit in Gleneagles, Scotland, to increase aid.

"I am not prepared to sit here and point fingers at the guy who comes from Gleneagles bringing money if I am not prepared to say to Africa 'improve the investment climate, reduce risk'.
"Africans are fed up with corruption," he added. Fighting poverty "cannot be done for Africans. It should be done by Africans".

Kaberuka said he would take his message of "mutual accountability" between donors and recipients to fellow international bankers at the coming annual spring

meetings of the International Monetary Fund and World Bank.

The AfDB - whose shareholders include Africa's 53 nations and
24 donor countries from around the world - often works closely with the IMF and World Bank in lending money to the continent.

Kaberuka said if commitments made at Gleneagles were honoured Africa stood a change of attaining the 7% average annual real economic growth it needed to meet anti-poverty targets known as the Millennium Development Goals.

But Africa had to play its part.

"Africans also made a commitment and the most important is better governance. It is time to deliver," he said. - Reuters

Expert opinion

Halter Marek

02.12.06

Halter Marek
Le College de France
Olivier Giscard dEstaing

02.12.06

Olivier Giscard dEstaing
COPAM, France
Mika Ohbayashi

02.12.06

Mika Ohbayashi
Institute for Sustainable Energy Poliy
Bill Pace

02.12.06

Bill Pace
World Federalist Movement - Institute for Global Policy
Peter I. Hajnal

01.12.06

Peter I. Hajnal
Toronto University, G8 Research Group