Just looking through the cnn.com website yesterday and happened to spot an article about a meeting with Bono (of SA)">U2 fame), Tony Blair, President Thabo Mbeki of SA, President Olusegun Obesanjo of Nigeria, Bill Clinton, and Bill Gates in Davos, Switzerland. This meeting concerned among other things removal of debt from struggling African nations.
However, I feel that this is not a bright idea because it sends the wrong message to potential investors. This could curb any future private sector investments and knock these countries back to the stone-age (if they aren't there already). Where they will grow more dependent on foreign aid and much, much less on self sufficiency. I feel that African nations need to get their act together because the rest of the world is tired of throwing money at them for most of it to end up in Swiss accounts and feeding genocidal rebel soldiers.
Why is it so hard for African nations to meet the standards of the rest of the world? India and South-East Asia are starting to see remarkable improvements, Latin America has seen unprecedented political stability in the past decade and presently shows great economic promise, but Africa is still the same old story, flies, pestilence and disease that just never seems to end.
South Africa, Egypt, Morocco and possibly Kenya seem to be the only viable nations on the continent. South Africa showing what African nations could aspire to be (minus the crime and AIDs epidemics).
I'd like to hear your opinions.