debt moratorium

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

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(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

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

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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.”