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AU says must replace Western partners with China

ao333

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The African Union said on Saturday Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank.

Maxwell Mkwezalamba, the AU's economic chief, said Africa must end its reliance on Western money.

"For Africa's development and integration we have depended on the Western world -- we cannot continue to proceed like this," Mkwezalamba told reporters.

"We need to diversify our partners that we work with and hence for us, working with China is something that we have welcomed," he said at the AU summit in Uganda.

China pledged last year to give Africa $10 billion in concessional loans over the next three years and it is pouring money into developing infrastructure in many nations on the world's poorest continent.

Some Western nations say China is interested only in extracting Africa's natural resources to feed its fast-growing economy, cares little for African development and supports governments with dubious human rights records.

Rights groups say China, which last year imported $6.3 billion of Sudanese crude oil, has failed to do enough to stop bloodshed in Sudan's strife-torn Darfur and has violated a U.N. arms embargo on the region.

China denies the charges and has appointed its own envoy to try to bring peace to Darfur. China's Foreign Ministry says critics who suggest China is only interested in Africa because of its energy resources are "erroneous and one-sided."

Mkwezalamba said restrictive conditions placed on loans by some of its traditional Western partners and groups such as the World Bank was driving African nations into the arms of China. He did not specify the restrictive conditions.

"By getting support from China and other countries we strengthen our position in dealing with institutions such as the World Bank, which tend to impose huge conditions," he said. "The resources tend to come very slowly."

"They tell you that you are going to get $100 million today but then you don't get the $100 million until after maybe two years because the whole question of processing the loan takes a long time," he said.

Mkwezalamba said Africa's increasing outreach to China in place of traditional development partners would create friction.

"We know that there could be some difficulties that some financial institutions and development institutions may have with some of these partners (like China), but for Africa I think this is the way to go," he said.

Some Chinese commentators say the West still treats Africa like a colony, whereas Beijing's interest is based on mutual economic development.

AU says must replace Western partners with China | Reuters
 
This is a long time in coming. USA got its economic power and became a consumer nation by using (I won't say exploit since it could be considered mutually beneficial) cheap asian labor.

China wants to do the same to Africa. Problem with that idea is Africa is unstable and ruled by warlords, so unless the Chinese start deploying troops overseas (in the millions), they're just wasting money giving it to warlords. Warlords will take that money and buy weapons creating more instability.
 
I bet someone will total disapprove China to be AU's new partner here with things like "textile tsumani".
 
I bet someone will total disapprove China to be AU's new partner here with things like "textile tsumani".

haha


China wants to do the same to Africa. Problem with that idea is Africa is unstable and ruled by warlords, so unless the Chinese start deploying troops overseas (in the millions), they're just wasting money giving it to warlords. Warlords will take that money and buy weapons creating more instability.

I doubt we'll see China will start fiddling with the local power structure. Their plan so far seems to be, to do bussiness with any one who's willing and stable.

The African Union said on Saturday Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank.

That is the biggest problem with organizations like the IMF or World bank. Their loans comes with too many strings that undermine the development they wish to achieve in the first place. Stringent environmental laws are just not economically feasible for poor african nations. What they need is not ultra-clean solar panels but coal fired turbine generators.
 
China wonderful nation helping African poor countries .... :china:

Great Leadership qualities

africainvestment_from_china_with_love.gif


Helping poor countries stand on their own feet !!! Wonderful
 
This is a long time in coming. USA got its economic power and became a consumer nation by using (I won't say exploit since it could be considered mutually beneficial) cheap asian labor.

China wants to do the same to Africa. Problem with that idea is Africa is unstable and ruled by warlords, so unless the Chinese start deploying troops overseas (in the millions), they're just wasting money giving it to warlords. Warlords will take that money and buy weapons creating more instability.

Africa's aid addiction
BBC NEWS | Africa | The pitfalls of Africa's aid addiction
 
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