Economics - East Africa - Ethiopia - Panafrica - Tanzania - Development - Finance
World downturn squeezing Africa
As the world’s economic woes deepen, Africa’s leaders are delivering a strong message that the international community must help the continent protect the development gains of recent years. In a report prepared for the 2 April meeting of the Group of 20 (G-20), a high-level consultative body, at which South Africa is the continent’s only representative, a committee of 10 African finance ministers and central bank governors set up to monitor the crisis, has told world leaders that they must honour their commitments to increase aid, improve trade access and agree to a fairer, more flexible way of managing international financial affairs.

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