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| Tuesday, 26 March, 2002, 06:02 GMT African leaders seek aid breakthrough ![]() The aim is to find $64bn of new investment Leaders of 21 African states have gathered in Abuja in Nigeria to fine-tune a plan to finance economic development in the continent, ahead at a meeting of the world's biggest industrialised countries. The plan, dubbed the New Partnership for African Development (Nepad), is the brainchild of Presidents Olusegun Obasanjo of Nigeria and Thabo Mbeki of South Africa.
The BBC's Elizabeth Blunt says African countries are counting on the plan to re-engage potential donors and investors. It is to be discussed by G8 leaders, who will lay out their response - including financing to tackle the Aids crisis which affects tens of millions of Africans - in June. South Africa has requested that the Western countries, on whose money the plan depends, should not victimise the whole continent following the election in Zimbabwe. Details The summit aims to develop in more detail the ideas drawn up by the 16 member states of Nepad before a visit to Nigeria by Canadian Prime Minister Jean Chretien, who is due to host the next G8 meeting. It hopes to persuade Western countries and companies to invest $64bn (�45bn) a year in Africa, targeting economic growth of 7%, in exchange for promises that good governance and transparency will be encouraged.
On the agenda are subjects including peace and security, agriculture and market access, capital flows, economic and corporate governance, infrastructure and human development. But some fear that the recent election in Zimbabwe has put that investment at risk. Western governments, together with a clutch of non-governmental organisations including the Commonwealth, cast doubt on the legitimacy of the President Robert Mugabe's victory. Zimbabwe's neighbours, however, were broadly in agreement that Mr Mugabe won fairly. Punish one, punish all Jacob Zuma, the South African deputy president, warned against "collective punishment".
"Zimbabwe was such an example. If one country has done certain things... you must not try to also punish other people." African leaders should not be expected to be held responsible for bringing Zimbabwe into line, he warned. "If a country like France misbehaved, no-one would say that everything is in the hands of (British prime minister) Tony Blair," he said. |
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