Africa part 6

 

Africa, external debt and humanitarian aid.

 As I mentioned in the previous article.  Africa possesses natural resources of gold, diamonds, silver, uranium, oil and gas.  But on the other hand, we find large external debts despite these abundant wealth.  In addition to large areas of agricultural land that produce the most important products such as tea, cocoa, and cotton.  And agricultural products that the world needs and imports.  But the external debts of these countries are constantly accumulating and inflating.  This is because the corruption that exists within almost all African countries controls these wealth.  The money is smuggled out of the African continent.  Any ruler or government in Africa has its first and last goal, which is to control these wealth and smuggle money.  With the use of foreign loans, which exhaust the African citizen due to debt service.  It is a secondary interest

 It is due annually and the interest rate may reach 25%.  The interest amount is paid by African governments in the form of higher prices for goods and services provided by the government.  Some governments interpret borrowing to cover the budget deficit.  As a result of expenses exceeding revenues.  Because revenue from natural resources is not placed in the state’s general budget.  But it is transferred outside the continent into the personal accounts of government officials.  Indeed, some African countries receive humanitarian aid from international institutions such as the United Nations and UNRWA.  We are facing a tragedy, which is that the African citizen's country is very rich, but he suffers from debts and asks for humanitarian aid.  And the ruler or government in any African country.  You intentionally make the African citizen suffer.  So that his first and last goal is to satisfy his basic need, which is just to eat.  He does not hold these governments accountable or demand his rights.  Or he revolts against the government.  How can someone who is just looking to feed himself and his family on a daily basis revolt against the government or object?

 Therefore, instead of the world directing its efforts, loans, and humanitarian aid to resource-poor countries that have widespread famines and epidemics.  The world is busy lending money to Africa, which is rich in natural resources and wealth.  .<script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js?client=ca-pub-7519727374201004"

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