Saturday, January 31, 2009

$200 Billion

In Africa today there are more than 7 million people in need of food AID. Not all Africans are able to receive the food AID due to the $200 Billion dollar debt shadowing the countries in Africa. Countries in Africa have spent over $14 Million dollars in HIV and AIDS care alone! Some families live on less than $2's a day and aren't able to afford to pay for the massive debt! In 2005 several rich countries, including America, made a debt cancellation on 14 African countries. Nigeria had to pay 40% of the total which was $30. So in the end they only had to pay around $12 million. Those funds were directed to poverty and development goals. The promise of 100% cancellation did not take effect until 2006.

No comments:

Post a Comment