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Five years after Africa was centerstage at a meeting of the G7 heads of state in Gleneagles, it has all but vanished from the priorities of policymakers from the rich and emerging economies. At the G20 Summit in London this week, heads of state will debate new resources for the IMF, in the range of $250 billion. But these resources will likely be deposited in the New Arrangements to Borrow (NAB) facility, which will be far too expensive and out of reach of most African countries.
Last month I blogged a New York Timesinterview with Dambisa Moyo, whom the paper aptly dubbed the "Anti-Bono." A youngish woman who grew up in Zambia and holds degrees from Harvard and Oxford, she launches a frontal assault on foreign assistance in her new book, Dead Aid. For her, ODA is DOA.
An open letter to President Obama and congressional leaders on the importance of global development and foreign assistance reform was published in Politico last week on behalf of the Modernizing Foreign Assistance Network (MFAN) and signed by more than 150 influential individuals and organizations. The letter says, in part:
This is a joint posting with David Beckmann, originally appearing on the Huffington Post Web site on March 17, 2009.
In the face of big global challenges, President Obama has rightly called for a new, smarter U.S. foreign policy that focuses on bolstering our long-term security, building our alliances, and expanding global prosperity. A central element of his new approach is elevating U.S. support for global development and balancing it with defense and diplomacy, which in practice means strengthening U.S. foreign assistance and other programs that fight poverty, disease, and lack of opportunity in developing nations.