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Businessafrica.net Newsletter ISSN 1563-4108
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NEWS & EVENTS ON INTERNATIONAL RELATIONS

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A RARE OPPORTUNITY TO ESCAPE TINA ("There Is No Alternative" Mantra)

The yearly G8 Summit (June 6-8, 2007) ends at Heiligendamm / Germany, with a vague promise to make available US$62 billion to fight against AIDS / HIV in African countries.

As exposed at the beginning to this article, this is not the first time the most industrialized countries's Club promised to assist in the development of sub-Saharan African countries. But, year after year, one notices that successive promises remained unfulfilled. They are just promises, to be believed only by those at the "receiving" end.

Since the 1990s, most African leaders believed in these promises and hoped for the fulfillment. Now, quite 20 years later, it seems that they too are realizing that nothing would come out from G8 summits. For decades to come.

Strategic Power-shift from The West To The East

No substantial financing to developing sub-Saharan African countries would be decided upon, planned and executed by G8 western nations for decades to come.

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