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Asthe first aid ,first capital and the first big trade partner ,the European Union on Africa influence to deep .With the spread of European debt crisis ,various solutions of exterior effect are constantly emerging ,the devaluation of the currency ,inflation as well as the expansionary fiscal policy effects ,so that sub-Saharan Africa the already severe debt again pan .
Countries in Africa and the international community is actively respond to Africa new debt issues ,emerging countries pull is one of the important power .Run behind one every year 10000000000 and sinking 14000000000 recipient of international financial crisis has not only caused the developed countries the debt crisis ,intensified the Africa national debt problem .
According to the International Monetary Fund and the world bank ,sub-Saharan Africa countries debt amounted to 231000000000 dollar 2010 .Although this year received $10000000000 in aid ,but at the same time to pay more than $14000000000 in debt .
The EAC Member States central bank data show ,over the past year, each member country debt grew 10% to 25% differ ,air jordan.The South African Reserve Bank said ,South Africa only in the third quarter of 2010 total external debt grew to $14000000000 ,hollister,$93900000000 .
As of August this year ,the total external debt is going to end up in Zambia 7.7%. Nigeria debt from the end of the 4580000000 end of year 3 dollars rise to $5230000000 within 3 months ,an increase of 14,hollister.
16%. from the current situation ,the European debt crisis on Africa began to appear .North Africa 60% of exports from the trade with the European Union ,and the countries of Southern Africa manufacturing 1/3 profits depend on the European market .
At the same time ,as a result of Africa the country in euros and dollars ,euro crisis after fermentation ,euro and dollar is shown drop trend ,further increasing inflationary pressures in africa .
The horn of Africa the inflation rate has reached two figures ,including Uganda in October of this year rose to 30.5%. China Institute of contemporary international relations in West Africa as an assistant researcher Li Wentao thought ,in the busy self &ldquo ;&rdquo ;the case, the future EU aid to Africa and investment will present slow down trend .
From nearly two years ,aid to Africa and debt relief issues has become a hot potato &rdquo &ldquo ;.European national domestic public opinion and public opinion mostly requires the government to save &ldquo ;&rdquo ;&ldquo ,rather than outward ;money &rdquo ;.
In July this year,hollister, the British Prime Minister Cameron has called for the British visit to honor the promise of assistance ,to maintain investment scale ,doudoune moncler pas cher,by the British media criticism ,is considered to be &ldquo ;bluffing,hollister outlet.
&rdquo ;.External debt risk from Africa recovery influence industrial development Africa soaring debt causes the people to the continent of Africa the economic recovery is widespread concern .
Africa debt and Development Forum Network executive director Mutasa said ,external debt seriously damage the Africa national economic recovery ,&ldquo ;debt problem is the biggest obstacle in the development of the mainland ,hollister france.
&rdquo ;Africa economist said ,rising public debt to some such as the East African community ,region economy to bring huge risk ,is the recovery of region economy caused by severe challenges .
Tanzania Dar Es Salaam University economist Nguvi said ,if the debt is not effective control ,the establishment of regional monetary union goals will be put off or change .Africa national debt crisis deepens impact of the entry of foreign capital .
The International Monetary Fund and the World Bank experts recently warned ,these countries deal with debt ability is fragile ,they need to retrench ,increase export diversification ,otherwise it will affect the local investment ,hollister.
The heavy debt is a serious impact on Africa infrastructure construction of the country and on development of human resources investment .Chinese Embassy in Kenya Economic Department of Chinese officials told reporters that Kenya will be a large number of fertile land ,used for economic crop ,in exchange for foreign exchange support construction and repayment of foreign debt ,it is bound to affect the agriculture and related industry development .
Actively respond to explore the cooperation mode to maintain growth in the face of increasing debt problems ,the continent of Africa countries and the international community have explore coping measures ,hollister online shop.
The president of Kenya auspicious Qi shellfish before said ,Africa countries should innovate the mode of cooperation ,hollister pas cher,broaden the financing channels ,strengthen the local capital market construction ,mining local capital market potential ,to gradually reduce the dependence on external debt .
Kenya Permanent Secretary of the Ministry of finance Joseph recently announced ,the government plans to lobby the development partners to reduce at least 35% of new debt .South Africa Trade and Industry Minister Davies said recently ,Africa countries need to use resources in exchange for money model to resolve the shortage of development funds and debt problem .
Zimbabwe economic planning and development minister Tapiwa · ;Ma Sha Qatar said ,Zimbabwe will establish a set of debt management strategy, the optimal solution to the debt of 60% ,the current Zimbabwe has established a debt management office to resolve the debt problem .
Nigeria government expresses 7 days ,the 2012 will cut 500000000000 naira ($3300000000 ) in debt .Li Wentao points out ,from the international financial institutions to predict ,2011 Africa economy will still maintain the 5% growth .
This includes the following factors ne is the Africa countries still on the export of resources dependence is strong ,and the financial market only in the initial stage ,to the international market &ldquo ;&rdquo ;slow .
As long as the international energy and raw material price fluctuations ,Africa can withstand storms ;two in Africa in recent years &ldquo rely through one ;&rdquo ;ability to promote faster, 2011 Africa area unifinication process accelerate ,the southern Africa development community ,common market for Eastern and East African community developed by &ldquo ;three party integration roadmap to &ldquo &rdquo ;;Baotuan heating &rdquo ;.
At the same time ,hollister online shop,Africa also to slow down on foreign aid dependence in Rwanda ,for example ,foreign aid accounts for its financial ratio has been reduced from 86% in 2000 to 41% in 2011 ;three is the emerging countries of Africa effect .
China ,India and other emerging countries large enterprises in Africa for investment ,regard Africa as a continental &rdquo &ldquo ;opportunity ;instead of &ldquo ;the &rdquo in mainland china ;.
In aid to Africa and debt relief ,emerging countries are also active .From 2000 to 2009, China has exempted 35 Africa countries 312 debt ,a total of 18960000000 yuan ($3000000000 ) .The International Monetary Fund ,the world bank and other international organizations and relevant countries in Africa from debt also give a lot of support ,franklin marshall.
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