Hunger in DRC-Criminal Stupidity Not to Help African Nations Manufacture Covid-19 Vaccines

(Courtesy of acted.org)

April 10, 2021

Watch my brief interview (below) on the Covid-19 crisis in the Democratic Republic of the Congo and across Africa.

Covid-19 has worsened the already desperate condition of lack of food for the people in the Democratic Republic of the Congo and other nations in Africa. As reported below, a staggering  one third of the population of the DRC are “acutely hungry.” The DRC has the largest amount of unused arable land in the world. If developed, it could potentially feed the continent of Africa. It is the lack of development, not any objective conditions that is the cause of hunger in the DRC. 

Vaccines must be given to African nations now to inoculate their populations. However, if were are to vaccinate 1.5 billion people living in Africa, which we must, Africa will need 3 billion doses. This requires assisting African nations in building up their domestic manufacturing capability to produce the vaccine and vaccinate their populations. Anything less is shortsighted, if not criminally stupid.

Read my earlier posts:    Biden Must Lead All-Out Effort to Vaccinate Africa From COVID-19 ;  Hunger Stalks Africa: Nations Should be Food Self-Sufficient

                              

Acute Hunger Crisis in the Democratic Republic of the Congo

Excepted report from EIR News.

The United Nations Food and Agriculture Organization and World Food Program issued a cry of alarm yesterday, that they had found in their recently-completed review of the situation in the Democratic Republic of the Congo, a “staggering” scale of acute hunger. Some 27.3 million people—one in three citizens of that nation—are “acutely hungry,” with nearly 7 million of those people classified as in emergency status, one step below famine, able to survive only by such extreme strategies as selling off their last animal which provides their livelihood, or by begging.

“This makes the central African country home to the highest number of people in urgent need of food security assistance in the world,” the statement from the two agencies reports.

These figures include 3.3 million of that nation’s children who are malnourished, children who if not quickly provided with enough nutritious food may never recover from stunting of their mental and physical growth which malnutrition brings about.

WFP’s representative in the D.R. Congo, Peter Musoko, is quoted: “For the first time ever we were able to analyze the vast majority of the population, and this has helped us to come closer to the true picture of the staggering scale of food insecurity in the D.R.C. This country should be able to feed its population and export a surplus. We cannot have children going to bed hungry and families skipping meals for an entire day.”

The FAO Representative in the D.R. Congo Aristide Ongone Obame urged: “We need to urgently focus on growing food where it is needed most, and on keeping people’s sustenance-giving animals alive. The main agricultural season is around the corner and there is no time to waste.”

The two agencies drove home the human condition only reflected in these statistics: “Behind the numbers are the stories of parents deprived of access to their land, or forced to flee for their lives, watching their children fall sick for lack of food. WFP staff have met families who have returned to their village to find their home burnt to the ground and their crops entirely looted. Some have been surviving by eating only taro, a root that grows wild, or only cassava leaves boiled in water.”

Never forget that such intolerable conditions are not “natural,” nor unsolvable. China’s just-released White Paper “Poverty Alleviation: China’s Experience and Contribution” asserted, “poverty is not predestined, nor is it unconquerable…. With strong will and determination, as well as practical action, one can make steady progress towards overcoming poverty and realizing common prosperity.”

Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton

Biden Must Lead All-Out Effort to Vaccinate Africa From COVID-19

A health worker at a local health centre in Kinshasa, Democratic Republic of the Congo, prepares a vaccine injection. (Courtesy UNICEF/Sibylle Desjardins)

March 29, 2021

Biden Must Lead All-Out Effort to Vaccinate Africa

Dr. John Nkengasong, director of the Africa Centers for Disease Control (CDC), Dr. Nicaise Ndembi, senior science advisor for the Africa CDC, and Dr. Akinwumi Adesina, African Development Bank President, have all spoken out on the need to vaccinate Africa’s more than one billion people. Dr. Adesina speaking earlier this month at the launch of the Bank’s African Outlook 2021 report said, “We need global solidarity and vaccine justice for Africa…as long as Africans remain unvaccinated the world will go back to square one.”

On a March 25 webinar, organized by the Advocacy Network for Africa, and Africa Rising, Dr. Nkengasong echoed the same immediacy for Africa to vaccinate its people against Covid19. He told his audience; we have more Africans dying from the second wave of Covid19 and there is potential of a third wave. “We need vaccines today” he said.

All African Must Be Vaccinated!

Dr. Ndembi, speaking on the same webinar, outlined the minimal goal of vaccinating 60% of Africa’s population by the end of 2022. Based on his low estimate of Africa’s population at 1.2 billion, he calculated  vaccinating 720 million people, requiring 1.4 billion doses of the two dose Moderna and Pfizer vaccines. The one dose Jonson and Johnson could significantly speed up the vaccination process. However, it is unacceptable to plan to vaccinate only 60% of Africa’s growing population over the next 21 months.

Only a small number of vaccines has been delivered to Africa, about 14.6 million doses, according to Dr. Adesina, reported by Reliefweb. The main vehicle for acquiring the COVID-19 vaccines for Africa is the COVAX initiative, led by the World Health Organization and backed by the United Nations. President Biden has authorized $2.5 billion to fund COVAX and pledged another $1.5 billion. However, the U.S. unlike China and Russia, has not donated a single dose of any its three  vaccines to Africa.

As all epidemiologists know, as long as large numbers of human beings remain unvaccinated, the virus will mutate, potentially to more contagious and virulent strains, endangering the whole human race. Therefore, it is not only immoral for vaccine producing nations not to vaccinate the populations of all lower and middle income nations, but insanely irresponsible.

(Courtesy statista.com)

For the sake of preserving the wellbeing of the human race, our goal has to be nothing short of complete vaccination of the planet’s eligible population. It is foolish to have poorer nations competing for limited supplies of vaccines. According to Matthew Kavanagh, who participated in the March 25th webinar, sharing the limited supply of vaccines will not be sufficient to defeat the virus. He estimated that given the appropriate support, some African nations could begin producing vaccines themselves in six months. Dr Adesina pointed to the core of the solution; “Africa needs to develop its pharmaceutical industry and begin manufacturing.” There is no viable solution to protect Africa’s expanding population from this virus, other than immediately building up the capacity of African nations to produce and distribute vaccines to their people.

This will require releasing the patents-the secrets of the vaccines, to other nations. Kavanagh, from the Center for Global Health Science and Security, rightly demands that governments “will need to use their legal and political authority to push companies to share their patents and know-how.” He pointed out that the creation of the Moderna vaccine was supported by $2.5 billion of American taxpayers’ money. President Biden’s administration must use every kind of effort to insure that intellectual property rights do not trump the obligation to save lives.

 

All-Out Economic Mobilization Required to Defeat COVID-19

As a result of responding to the spread of HIV/AIDS over several decades and more recently, from several outbreaks of Ebola, Africans have learned some valuable experiences. For African nations to produce and distribute vaccines in sufficient quantities to inoculate over one billion people, new capabilities will have to be added to their diminutive manufacturing sectors. To get the vaccine into the arms of their population, their weak health care system will have to be vastly expanded. This will require implementing economic growth policies that are long overdue in Africa, but under the necessity of defeating the COVID-19 pandemic, must now be immediately executed. This includes massive investment in hard and soft infrastructure. For example. One cannot expect to win the war against this virus, without high-speed rail transportation to move products quickly in refrigerated cars between cities and ports. Without roads, the vaccine will not reach large sections of the population. Of course, more hospitals and well equipped clinics will be required to be built. Energy will be needed to produce and maintain the quality of the vaccines, as well as providing the power for the manufacturing plants and hospitals. Africa is severely lacking in these and other basic categories of infrastructure.

It is estimated that almost 40 million more Africans will be pushed into poverty this year as a result of the pandemic. I believe that estimate is too low, but it would still represent almost a 10% increase in the number of Africans living in poverty. To respond to the necessity of winning the war against this pandemic, Africa would have to be transformed with immense investments in new infrastructure, production, and industry. Hiring those eager to work in these productive jobs will provide meaningful employment for millions of youths, and those misemployed in the cancerous so called informal economy.

What President Biden Should Do

It is reported that in a recent discussion with British Prime Minister Boris Johnson, U.S. President Joe Biden, proposed that western nations develop a Belt and Road initiative like that of China.  Let us start with the African continent, which is projected to have 25% of the world’s population in 2050, with 2.4 billion people.

For a just and intelligent American policy to vaccinate Africa from COVID-19, President Biden should provide leadership in:

  • Calling for a debt moratorium on principal and interest for the next two years-at least until the end of the first quarter of 2023, so nations can free up funds to pay for vaccinating their citizens.
  • Persuading the vaccine manufacturers to allow the patents of their vaccines to be released so other nations can reproduce the vaccine. Essentially, waiving intellectual property rights.
  • Providing know-how and technology transfer for the production and storage of the vaccines.
  • Providing interest free loans-grants as startup funds for vaccine manufacturing plants.
  • Providing training and logistical support for establishing mass vaccination centers.
  • Offering long term low-interest concessionary loans for the construction of vitally necessary hard and soft infrastructure in the model of China’s Belt and Road

Surely for the sake of civilization, America can and must assist African nations to accomplish more than vaccinating just 60% of their population by 2022. If we do not fully vaccinate Africa, then in addition to the loss of life among Africans, the virus would continue to mutate, travel around the world, potentially infecting and reinfecting the world’s population. From a purely economic outlook, the global economy would lose trillions of dollars from underperforming African economies. Let us act nobly and wisely in understanding that when we act in the interest of others, we are also acting in our own interest

Read: African development bank president calls global vaccine solidarity and justice africa; and To democratize vaccine access democratize production

Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton.

 

President Biden To Help Africa Fight Ebola and COVID19

A Congolese health worker administers ebola vaccine to a child at the Himbi Health Centre in Goma, Democratic Republic of Congo, July 17, 2019.
A Congolese health worker administers ebola vaccine to a child at the Himbi Health Centre in Goma, Democratic Republic of Congo, July 17, 2019. Olivia Acland | Reuters

The new administration of President Biden has initiated three important policies to help fight disease in Africa, all of which are in the self interest of the US and benefit the world. The month old Biden administration is speaking with one voice, and acting with urgency to tackle the new outbreak of deadly Ebola in Africa, and the COVID19 pandemic. Unless these diseases are eliminated in every country the entire human race is endanger. Every single human being must be vaccinated. To do less is immoral and criminal stupidity.

  • WHO: By executive order the US has rightly rejoined the World Health Organization (WHO). The WHO plays an important function in Africa and the world. It is also time to for the US to give up its allegations that Covid19 was deliberately created by a lab in China.
  • Covid19: Biden announced to the G7 that U.S. will commit $4 billion to support COVAX—the UN program for vaccines for the underdeveloped world. Administration officials have correctly stated: “This pandemic is not going to end if we don’t end it globally. In addition to saving a lot of lives … it’s also the right thing to do from an international security and economic perspective.
  • Ebola: “While the world is reeling from the ongoing COVID-19 pandemic, Ebola has again emerged, simultaneously, in both Central and West Africa. The world cannot afford to turn the other way,” White House Press secretary Jen Psaki wrote: “We must do everything in our power to respond quickly, effectively, and with commensurate resources to stop these outbreaks before they become largescale epidemics.” (see CBNC below). Secretary of State Blinken speaking to the UN Security Council on Feb. 17, said: “We have the immediate challenge of COVID-19; we have a longer challenge, but equally vital, in establishing the strongest possible global health structure going forward. With the news of another Ebola outbreak in the Democratic Republic of Congo and Guinea, there is clearly no time to waste. And our vision has to be bold. We must defeat COVID-19 and prevent future pandemics. Addressing the recent outbreak of Ebola in Africa, National Security Adviser Jake Sullivan spoke with the ambassadors from Guinea, Democratic Republic of Congo, Sierra Leone, and Liberia to convey the United States’ willingness to work closely with the governments of affected countries, and neighboring countries whose citizens would be at risk if the infection continues to spread.

Read CNBC report on February 16, 2021: White House says Ebola outbreaks in Africa need swift action to avoid ‘catastrophic consequences’

 Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com

 

President Kagame is Right: Africa Must Get Covid19 Vaccinations. It is Morally and Economically Just.

People aged over 70 receive free Covid testing in Kigali, Rwanda, in January. Photograph: Xinhua/Rex/Shutterstock

February 9, 2021

The Guardian on February 7, published an insightful statement from Rwandan President, Paul Kagame, on the importance of vaccinating Africans, entitled: Until Africans get the Covid vaccinations they need, the whole world will suffer.

President Kagame correctly concludes: Ensuring equitable access to vaccines globally during a pandemic is not only a moral issue, but an economic imperative to protect the wellbeing of people everywhere. But when will Africa get the protection it needs? If all lives are equal, why isn’t access to vaccines?

I completely agree with President Kagame. It is both immoral and economically stupid not to vaccinate every human being as quickly as possible, and without cost. Let me briefly summarize.

1) Every human being is bestowed by the Creator with the power of creative reason. Thus, every human being is sacred. Society should spare no effort to preserve human life. This is a requirement of civilization. After all, we are not Malthusians, who believe the world is over populated.

2) Until the Covid19 virus is eliminated across the world, no nations or peoples are safe from the virus and its mutations. Therefore, it is criminally stupid not to vaccinate every single person on the planet as quickly as possible.

3) The global economy will also suffer, if more human beings are unable to work or die due to sickness from Covid19. Economic production and trade will shrink, lowering the physical standard of living throughout the world.

4) It is cheaper to vaccinate everyone for free than pay for exorbitant medical costs to treat patients with Covid19.

5) Let us use this horrible crisis to unite all nations in a global effort to not only eradicate this deadly virus, but upgrade the healthcare system of African nations, enabling them to properly respond to the needs of their people

Below is the full text of President Kagame’s column.

The current situation with regard to the access and distribution of Covid-19 vaccines vividly illustrates the decades-old contradictions of the world order.

Rich and powerful nations have rushed to lock up supply of multiple vaccine candidates. Worse, some are hoarding vaccines – purchasing many times more doses than they need. This leaves African and other developing countries either far behind in the vaccine queue, or not in it at all.

There are worrying signs of vaccine nationalism in Europe and North America. The pressures on political leaders to vaccinate all their citizens before sharing supplies with others is understandable. But forcing smaller or poorer countries to wait until everyone in the north has been catered for is shortsighted.

Delaying access to vaccines for citizens of developing countries is ultimately many times more costly. The pandemic will rage on, crippling the global economy. New mutations may continue to emerge at a more rapid pace. The world risks reversing decades of human development gains and eclipsing the 2030 sustainable development goals.

In this context, the billions of dollars it would cost to distribute vaccines across the developing world is not particularly high, given the return on the investment. Doing so would unlock global commerce, which would benefit all trading nations during the long road to economic recovery that lies ahead of us. We need global value chains to be fully operational again and to include everyone.

Last year, the world came together to provide additional fiscal space for developing countries through the debt service suspension initiative at the G20. This helped governments in Africa pay for their Covid responses and provide additional social protection, thereby preventing the worst outcomes. We shouldn’t lose that spirit now and give in to an unfortunate erosion of global solidarity.

The Covax facility, led by the World Health Organization, was supposed to ensure doses for 20% of Africa’s people – right from the start and at the same time as richer countries. However, nearly two months after the first vaccines have been administered, it is still not clear when African nations will be able to start immunising people, though the first doses may begin reaching the continent later this month.

What can be done in practical terms? The rich world can help developing countries get the same fair prices that they have already negotiated for themselves. One pharmaceutical firm is reportedly planning to charge $37 per dose for “small orders”. Recently, one African country reported being asked to pay more than double the price that the European Union had negotiated for the same product.

During natural disasters, price gouging for essential supplies is illegal. It should not be tolerated for vaccines during a pandemic either. If prices are fair, and Africa is allowed to place orders, many countries on the continent would be willing and able to pay for themselves. But, given the current market structure, they will need active support from more powerful countries to do so.

The African Union and Afreximbank have set up the Africa Medical Supplies Platform to help countries secure financing by providing advance commitment guarantees of up to $2bn to manufacturers. The platform has negotiated an initial order of 270m doses, but this is still very far from the 60% coverage Africa needs to achieve some measure of herd immunity, and there is no telling when those supplies will be available.

Africa is not sitting back and waiting for charity. We have learned our lessons from the past. All we ask for is transparency and fairness in vaccine access, not the protectionism currently in play.

ReadUntil Africans Get Covid Vaccinations They Need, Whole World Will Suffer

Watch my interview on RT TV from January: Africa must be vaccinated

Read my earlier postsInternational Cooperation and Collaboration Needed to Save Lives in Africa From COVID-19New Economic Order Required to Combat COVID-19 in Africa

 Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com

 

Rising Covid19 Death Rate Threatens Africa. Vaccinations and Healthcare Must Be Provided

Workers carry a coffin to the display area at the Kingsize Coffins manufacturing plant, amid a nationwide coronavirus disease (COVID-19) lockdown, in Benoni, South Africa on January 25, 2021.
Workers carry a coffin to the display area at the Kingsize Coffins manufacturing plant, amid a nationwide coronavirus disease (COVID-19) lockdown, in Benoni, South Africa on January 25, 2021. Siphiwe Sibeko/Reuters

January 29, 2021

In my interview with RT TV, I emphasized that it was deadly stupidity and immoral not to vaccinate ever African. WATCHAfrica must be vaccinated

The entire world is not safe until ALL people are vaccinated. In the Spring of 2020, when Africa had a lower rate of COVID19 infection compared to the rest of the world, I warned of an increase in the death rate in Africa due to woefully deficient healthcare. If we care about the human race, we need a “New Just Economic Order,” that values human life over debt and money. 

Ambassador John Campbell is his blog post  Covid-19-death-rate-rising-africa? discusses the increase in infection and mortality from Coivd19 on the African continent.

Read my earlier posts  below on COVID19 in Africa:

International Cooperation and Collaboration Needed to Save Lives in Africa From COVID-19

New Economic Order Required to Combat COVID-19 in Africa

 Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com

 

Ethiopia’s Addis Ababa to Djibouti Railway: A Model for the Role of Infrastructure in Fighting Hunger

Below is a useful article from EIR magazine that correctly emphasizes the role of infrastructure in providing food for Africa. The authors highlight Ethiopia, an East African nation that has aggressively pursed the expansion of infrastructure to advance their economy.

November 16, 2020

Click to access 19-25_4745.pdf

World Food Program Awarded Nobel Peace Prize. WFP Dir, Beasley Responds With “Call to Action” to Stop Starvation

David Beasley, the head of the World Food Program, visiting Sanaa, Yemen, September 2018, where the world’s worst hunger crisis continues to unfold. (courtesy WFP/Marco Frattini, September 2018)

October 19, 2020

I whole heartedly congratulate the World Food Program (WFP) for receiving the 2020 Noble Peace Prize “for its efforts to combat hunger.” I also full support WFP Executive Director, David Beasley’s call for action to prevent starvation. Speaking in Niger on October 9, Beasley said: “Just in the last three years, the number of people on the brink of starvation had risen before COVID, from 80 million to 135 million. And now, with COVID, the number of people—and I’m not talking about people going to bed hungry—on the brink of starvation is now up to 270 million people…we are on the brink of disaster.” Earlier this year, Beasley reported that Beasley warned that from 150,000 to 300,000 people could die a day from starvation.

Fifteen African nations account for half of that 270 million. The WFP has identified the following nations as being in dire need of food: Burkina Faso (4.8); Cameroon (5.2); C.A.R. (3.1); D.R.C. (21.8); Ethiopia (18.0); Liberia (0.84); Mali (3.5); Mozambique (3.3); Niger (5.9); Nigeria (23.8); Sierra Leone (2.9); Somalia (6.3); South Sudan (10.2); Sudan (17.7); Zimbabwe (6.3); totaling 133.64 million people.

David Beasley alerted the world, that 7 million people have already died of hunger this year and that figure could increase by“3, 4, 5 times or more.” The WPF calculates that it needs $6.8 billion to prevent famine. With $1.6 billion received so far, $5 billion more is urgently needed. “The $5 billion that we’re talking about is additional money, because we feed 100 million people. It literally is—the starvation rate is spiraling because of COVID and economic deterioration,” he said. “And quite frankly, with the billionaires making hundreds of billions of dollars with COVID, we’re facing the worst humanitarian crises since World War II. They need to step up. We need an extra $5 billion to save millions of lives around the world….This is a call to action. With all the wealth in the world today, no one should be dying from hunger, not a single person.”

Referring to the most severe cases, the Beasley warned: “There are literally about a dozen or two dozen places around the world that, if we don’t get the support that they need, three things are going to happen. One, you are going to have famine, I mean, literally of biblical proportions. Number two, you’re going to have destabilization. And, number three, you’re going to have mass migration. And we can solve all that. We have a cure against starvation, and it is called food.” (all emphasis added)

South African activist, Phillip Tsokolibane has called for a “military mobilization” to provide logistics to stop the spread of hunger in Africa. He said last week from South Africa:

“While various charitable and other organizations have sounded alarm bells and have appealed for money, the issue we face, if we want to save lives, is securing massive amounts of food, as soon as possible, to hungry and starving people. Given the state of infrastructure on the continent and the fact that much of this starvation is occurring in isolated, rural areas, the distribution that must take place is well beyond the means of individual governments and those of relief agencies.

“I believe we must mobilize the logistical capacities of the world’s most capable military forces and design a strategy to bring food supplies from such food-producing nations as the United States and Canada, and bring them directly to those who need them. Let allies and adversaries alike, join forces, in this greatest of all humanitarian efforts.”

Emergency Action Required

  1. We must urgently deliver food to starving people. One single human being dying from starvation is intolerable. Every creative soul that perishes is a loss to the human race.
  2. Nations producing food surpluses must allocate food shipments to feed starving people in Africa.
  3. Logistics for delivery will have to done in a military fashion or directly by qualified military personnel supported by governments.
  4. Roads, railways, and bridges constructed for emergency food delivery can serve as an initial platform for expansion to a higher plateau of infrastructure required for economic growth
  5. Debts must be suspended to enable nations to direct money away from onerous payments of debt service to growing and distributing food.
  6. A new financial architecture-a New Bretton Woods must be established with a facility to issue credit to finance critical categories of infrastructure necessary for economic growth and food production.

Read my earlier posts:

COVID-19 Tragedy Compels Revamping Globalization and Food Production 

Famine in Africa: More Than Humanitarian Aid Required

Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in the economic development policy of Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com

Will IMF Austerity Policies Lead to More Deaths in Africa? The Answer is Obvious

African nations must have infrastructure to develop industrialized economies .
October 16, 2020

An October 12, 2020, Oxfam International press release, IMF Paves Way for New Era of Austerity Post-Covid-19, exposes the danger of African nations following the dictates of the International Monetary Fund. A major reason that African nations have fragile healthcare systems is the IMF insistence on countries servicing their yearly debt service at the cost of under funding healthcare. Prime Minister, Abiy Ahmed, emphasized the cost service service early this year: “In 2019, 64 countries, nearly half of them in sub-Saharan Africa, spent more on servicing external debt than on health. Ethiopia spends twice as much on paying off external debt as on health. We spend 47 percent of our merchandise export revenue on debt servicing…” Ethiopian PM Abiy Ahmed: Debt Cancellation for the World to Survive. Read my post: IMF Conditionalities Contribute to Shortage of Health Workers: Africa Suffers.

Africa has the highest number of people working in the informal economy. In some countries-over 80% of its people have to live hand to mouth each day to provide for their families. Millions are struggling every day just to survive, with no health and unemployment insurance safety-net. The COVID-19 pandemic has driven more Africans into poverty, and hunger is increasing across the continent. It is criminal and immoral for the IMF to to insist that nations implement austerity, when hundreds of millions are already suffering from lack of income, lack of food, and lack of healthcare. In fact, IMF policies have never helped nations develop their economies. African nations have yet to recover from the infamous IMF dictated “Structural Adjust Program” (SAPs) that destroyed their economies in the 1980s and 1990s. It may be difficult for people to hear, but the truth is; IMF’s Insistence on maintaining debt service and IMF conditionalities are killing Africans. Read my post: Africa Needs Real Economic Growth, Not IMF Accountants

In the history of modern economy, austerity measures have never led to economic growth. All honest economists, and even the IMF and World Bank, know this. The only solution is the creation of a New Bretton Woods system that must include: 1) suspension of debt service, 2) a new financial mechanism to issue credit for economic development 3) upgrading of healthcare infrastructure, 4)  massive investments in hard physical infrastructure of roads, energy, and railroads.

Excerpts from Oxfam:

“84 percent of the International Monetary Fund’s (IMF) COVID-19 loans encourage, and in some cases require, poor countries hard hit by the economic fallout from the pandemic to adopt more tough austerity measures in the aftermath of the health crisis, warned Oxfam today.

New analysis by Oxfam finds that 76 out of the 91 IMF loans negotiated with 81 countries since March 2020 – when the pandemic was declared – push for belt-tightening that could result in deep cuts to public healthcare systems and pension schemes, wage freezes and cuts for public sector workers such as doctors, nurses and teachers, and unemployment benefits, like sick pay.

“The IMF has sounded the alarm about a massive spike in inequality in the wake of the pandemic. Yet it is steering countries to pay for pandemic spending by making austerity cuts that will fuel poverty and inequality. These measures could leave millions of people without access to healthcare or income support while they search for work, and could thwart any hope of sustainable recovery. In taking this approach, the IMF is doing an injustice to its own research. Its head needs to start speaking to its hands,” said Chema Vera, Oxfam International’s Interim Executive Director…

“Nine countries including Angola and Nigeria are likely to introduce or increase the collection of value-added taxes (VAT), which apply to everyday products like food, clothing and households supplies, and fall disproportionately on poor people. Unemployment in Nigeria has surged to 27 percent, the highest in at least a decade…

“The IMF has contributed to these failures by consistently pushing a policy agenda that seeks to balance national budgets through cuts to public services, increases in taxes paid by the poorest, and moves to undermine labor rights and protections..

“The IMF’s austerity drive will hurt the countries it claims to help.” (emphasis added)

IMF Conditionalities Contribute to Shortage of Health Workers: Africa Suffers

Ethiopian PM Abiy Ahmed: Debt Cancellation for the World to Survive

IMF Paves Way for New Era of Austerity Post-Covid-19

Africa Needs Real Economic Growth, Not IMF Accountants

UN Speech by Ivory Coast President: “Bolder Measures” Needed To Help African Economies Hit by COVID-19

Debate
Other press by DR General debate of the 75th session of the UN General Assembly by videoconference: Statement by HE Mr. Alassane OUATTARA, Head of State of the Republic of Côte d`Ivoire, September 24, 2020
September 28, 2020
The remarks by President Quattara at the United nations echoed those of other leaders of developing nations. However, we must contemplate taking even bolder action. The present global financial-economic system needs to be restructured.  The Bretton-Woods system as envisioned by President Franklin Roosevelt has been distorted beyond recognition.  The amount of debt and derivatives on the books of the international banking system is suffocating real economic expansion. Yes, we must have a debt moratorium for the duration of the crisis, but we have to do more. We have to construct a New Bretton Woods that will deflate existing unpayable debt and establish  standards for prioritizing the issuance of new credits explicitly for development; in particular infrastructure.  The COVID-19 pandemic has brought to the fore, for all the world to see, the gross failure of the current globalized system. We, humanity, will only progress when we establish a higher platform of economy, one dedicated to the promotion of human life, not the balance sheets of debts. Read: New Economic Order Required to Combat COVID-19 in Africa

General debate of the 75th session of the United Nations General Assembly: Statement by His Excellency Mr. Alassane Ouattara, President of the Republic of Côte d’Ivoire

Excerpts below:
“Faced with the spread of COVID-19, developing countries, especially African countries, are more severely affected by the economic and social effects of the absence of global initiatives in favor of of their savings. In this context, in my capacity as Champion for the implementation of the African Union’s Agenda 2063, I welcome the initiative of the G20 to grant a moratorium on the service of the bilateral public debt for the benefit of several African countries.

“I call on all the continent’s partners to take bolder measures aimed at relieving our economies hard hit by the effects of COVID-19. Africa’s financial needs are estimated at US $ 100 billion per year over three (3) years, or a total of US $ 300 billion. In addition, countries should have budgetary leeway to allow them to pursue the necessary social investments and take into account security needs, especially in countries facing terrorism.

“Finally, the world must hear the Africans’ call for the cancellation of the public debt of their countries. My country supports the African Union’s efforts to collectively renegotiate the continent’s debt with the creditors, and to obtain an extension of the debt moratorium, mentioned above. But we must go further and act without further delay. African countries need lasting solutions, in particular liquidity and investments, in order to withstand the unprecedented shock suffered by our populations and to continue the development process of the continent.

Among these solutions, I recommend recourse to the Special Drawing Rights of the International Monetary Fund; a mechanism that has already proved effective during the global financial crisis of 2008-2009.

“The fight against COVID-19 must not overshadow other diseases such as Malaria and AIDS, which claim more victims in African countries. Above all, it must not destroy efforts to fight poverty. In this area, my country has launched vigorous reforms that have reduced poverty by 15.6 percentage points in eight years.
The regional study on poverty by the West African Economic and Monetary Union (UEMOA) and the World Bank confirms that Côte d’Ivoire has gone from a poverty rate of 55.01% in 2011. at 39.4% in 2018. It is therefore about 1.6 million Ivorians who were lifted out of poverty during this period.

“Likewise, still according to recent statistics from the World Bank, the Gross Domestic Product (GDP) per capita of Côte d’Ivoire has more than doubled, from 1120 US dollars in 2011 to 2290 US dollars in 2019. , making Côte d’Ivoire the country with the highest per capita income in the West African sub-region.”

Africa Threatened With Starvation: No Objective Reason

Millions ‘on the edge’ in DR Congo now in even greater danger of tipping over. WFP food distribution to Internally Displaced People in Kikuku, North Kivu, Democratic Republic of the Congo. WFP/Ben Anguandia

There is no objective reason for hunger in Africa. African nations have abundant fertile land and many water systems that should enable them to be not only food self sufficient, but produce a surplus. With proper investment in infrastructure and planning, stockpiles of food would be available to feed the population during difficulty periods like the present COVID-19 pandemic. With manufacturing and agricultural processing sectors, people would have more job security, then living hand to mouth in the so called informal economy. 

WFP Chief warns of grave dangers of economic impact of Coronavirus as millions are pushed further into hunger

Transcript as delivered of remarks by UN World Food Programme (WFP) Executive Director David Beasley to today’s virtual session of the UN Security Council, September 17, 2020.

“Five months ago, I warned the Council the world stood on the brink of a hunger pandemic. A toxic combination of conflict, climate change and COVID-19, threatened to push 270 million people to the brink of starvation. Famine was real. It’s a terrifying possibility in up to three dozen countries if we don’t continue to act like we’ve been acting…

“As COVID-19 pushed countries everywhere to lock down, the equivalent of 400 million full-time jobs have been destroyed, and remittances have collapsed. The impact has been felt hardest by the 2 billion people who work in the informal economy around the world – mainly in middle and low-income countries. Already only one day’s work away from going hungry, in other words living hand to mouth…

“Let me turn to the countries on today’s agenda. In the DEMOCRATIC REPUBLIC OF THE CONGO, conflict and instability had already forced 15.5 million people into crisis levels of food insecurity. These are people on the brink of starvation. The latest assessment indicates that the upsurge in violence, coupled with COVID-19, has sent this total sky-rocketing to nearly 22 million people, an increase of 6.5 million people. And I should warn you these numbers assume WFP is able to maintain current levels of food assistance. If we are forced to scale back operations, the outlook is even worse

“NIGERIA: COVID-19 is also forcing more people into food insecurity. Analysis shows measures imposed to contain the virus reduced incomes in 80 percent of households. You can imagine the devastation with that alone.

“In the northeast of the country, 4.3 million people are food insecure, up by 600,000 largely due to COVID-19. While in the large urban area of Kano, the number of food insecure people during that lockdown period from March to June went from 568,000 to 1.5 million people – an increase of 1 million people. Very troubling.

“SOUTH SUDAN: The outlook there is similarly worrying, where even before the pandemic, 6.5 million people were expected to face severe food insecurity at the height of the lean season, made worse by the violence in Jonglei State in recent months. This has resulted in the displacement of tens of thousands of civilians, a large number of abducted women and children, and widespread loss of livestock and livelihoods. In addition, virus outbreaks in urban areas such as Juba could put as many as another 1.6 million people at risk of starvation.

Finally, even though it is not on today’s agenda, I also want to highlight the disaster unfolding in Burkina Faso, driven by the upsurge in violence. The number of people facing crisis levels of hunger has tripled to 3.3 million people, as COVID compounds the situation…displacement, security and access problems. For 11,000 of these people living in the northern provinces, famine is knocking on the door as we speak.

Read: WFP Warns Grave Economic Dangers From COVID-19

Food Is Now Up to 250 Percent More Expensive Across Africa

‘With crop reduction comes food scarcity, and prices go up with demand. The Famine Early Warning Systems Network found that Ethiopia, Kenya, South Sudan, Sudan, Uganda, Zimbabwe, DRC, Mauritania, Nigeria, Guatemala and Haiti are the countries that have been most affected by the drop in crop production.

‘In the Republic of Congo, the average price of a basic food basket has increased by 15 percent, while a similar pattern has emerged in Sudan, South Sudan, Ethiopia and Somalia, with an above-average increase in the price of staple foods.

‘Then there’s the rising cost of sorghum – a drought resistant cereal grain that’s popular across the continent. In July, sorghum prices exceeded the five-year average by 150 to 250 percent in Sudan, 50 to 240 percent in South Sudan, 85 percent in Addis Ababa, Ethiopia, and 20 to 55 percent in Southern Somalia

Read: Food Up To 250% More Expensve in Africa

Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in the economic development policy of Africa for over 30 years. He is the creator of the blog: lawrencefreemanafricaandtheworld.com