Thursday, August 25, 2005

New Chains of Slavery

The Dark Continent,facing a new shape of slavery,the "Debt Slavery".In the poor African continent,33 countries are the victim of the category of HIPC(Highly Indebted Poor Countries),presently burdened with more than 300$ billion in foreign debt,a huge amount impossible to be paid for next half century by poor Africans in their present socio-economic status.
In recent meetings of G-7 in London,steps taken to provide"debt relief"to Africa are termed as "historic opportunity"by the rich leaders,it is not as such in fact,only 14 African countries will benefit by cancellation of a 40$ billion debt,owing to World Bank,IMF,and ADB(African Development Bank).
In reality,Africa in spite of all such "historic opportunities",efforts like "live 8 concerts",progressive plans by United Nations Economic Commission,is dying under the huge debt burden.A very simple step for saving lives in dying Africa can be"provide aid for the"poor" and not for "gains".

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