Oil windfalls bigger than G8 aid

Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): , Add Tags

View Ratings | Rate It


Become a Fan
  (9 fans)

At www.guardian.co.uk

Windfalls from the rising global price of oil and other commodities will be worth more to poor countries in Africa than the doubling of aid promised by the G8 industrial nations, one of Britain's leading development thinktanks said yesterday. Research by the Overseas Development Institute found that surpluses generated for the eight biggest oil exporters in Africa would total $35bn (£19bn) a year if crude prices remained at their current high levels. This compares with the doubling of overseas aid to $50bn a year pledged by the G8 at Gleneagles this year.

Read the rest of the story HERE:

At www.guardian.co.uk



The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments