Global Lenders To Meet Africa G20 Cash Appeal-DFID
Britains chief aid economist said on Saturday he expected the International Monetary Fund (IMF) and the World Bank to mainly meet Africas call for 30 billion to 50 billion US dollar in extra cash to help it through the global financial crisis.
Alan Winters, chief economist at Britains Department for International Development (DFID = UKs Danida) ), said that Britain had no plans to cut budgeted aid to any African country.
– We have a commitment to reach 0,7 percent of GDP by 2013, and we have been working hard with other donors to encourage them to honor their aid pledges, noted he.
Meanwhile, Japan reassured African governments Sunday that it would follow through on pledges to double its aid and investments on the continent despite the global economic crisis.
Japan promised a total of about 6 billion dollar in assistance and private investments to African countries during an aid summit last May.
Japanese Foreign Minister Hirofumi Nakasone led a two-day meeting with delegates from about 100 countries, international agencies and charities to reaffirm support for the scheme.
Kilde: www.worldbank.org
