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Thursday, July 20, 2006

Africa and Poverty



I want to speak about Africa these days. Many people like Bono,J.Sachs and W.Easterly involved into this problem and try to help.G8 promised to help.The presidents of the 8 most powerful countries in the world decided to solve this problems-It means it's a problem of a World.
We have an example of Angola.In 2005 Angola had a fastest growth economy in Africa and one of the fastest in the world.And all this after quarter century war.If we will see these countries in the future developed without,HUGE AID, will it be coincidence? I think no, that will be truth.
Nigeria is leading petrolium producer and exporter.It is the 12th largest producer of petrolium in the world and the 8th largest exporter.Here we can say,that 'Aid to Africa' doesn't mean Aid to all African countries.
At the end i want to say,that i believe in Africa's development and future economical stability.

Hakop Astabatsyan.

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