Germany to Focus G8 on Africa Investment
Thursday, October 19, 2006
A senior official from Germany, which takes over the presidency of the G8 in January, sought to distinguish Berlin?s plans from last year?s British G8 presidency, which focused on debt relief and increased aid to Africa.
An internal German cabinet briefing paper, obtained by the Financial Times, argues that ?an important factor in Africa?s economic future is the private sector. Therefore the (economic and political) context in African countries needs to be improved to attract large-scale international investments?.
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