The U.S. Record on Financing for Development in 2009

US State Department

Fact Sheet

Bureau of Economic, Energy & Business Affairs

Washington, DC

September 24, 2010

“As for America…our commitment must be measured by more than just the dollars we spend. I’ve pledged substantial increases in our foreign assistance…but the true sign of success is not whether we are a source of perpetual aid that helps people scrape by – it’s whether we are partners in building the capacity for transformational change.” – President Barack Obama, Remarks to the Ghanaian Parliament, July 11, 2009

“Development…is a strategic, economic, and moral imperative – as central to advancing American interests as solving global problems as diplomacy and defense.” – Secretary Hillary Clinton, Remarks to the Center for Global Development, January 6, 2010 Continue reading The U.S. Record on Financing for Development in 2009

China Summons Past to Advance Into Africa

By Antoaneta Becker
LONDON, Sep 27, 2010 (IPS) – Irked by accusations that it is the new coloniser of Africa, China is looking to use soft power and historical evidence of its ancient links to the continent to justify its economic embrace of Africa.

Chinese archaeologists have been sent to hunt for a long-lost shipwreck off the Kenya coast to support claims that China beat white explorers in discovering Africa. Meanwhile Beijing is preparing to fund more research on the continent to aid its companies and banks’ quest for expansion there. Continue reading China Summons Past to Advance Into Africa