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Africa Renewal

The Africa Renewal magazine examines the many issues that confront the people of Africa, its leaders and its international partners: sustainable development goals, economic reform, debt, education, health, women's empowerment, conflict and civil strife, democratization, investment, trade, regional integration and many other topics. It tracks policy debates. It provides expert analysis and on-the-spot reporting to show how those policies affect people on the ground. And, it highlights the views of policy-makers, non-governmental leaders and others actively involved in efforts to transform Africa and improve its prospects in the world today. The magazine also reports on and examines the many different aspects of the United Nations’ involvement in Africa, especially within the framework of the New Partnership for Africa’s Development (NEPAD).

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Industrial countries write off Africa’s debt

Rich nations of the Group of Eight (G-8) have formally acceded to a long-standing demand of poor countries by offering to write off $40 bn in debt to multilateral institutions. The decision, taken at the G-8 Summit in July, covers the debt that 18 countries — 14 of them African — owe to the World Bank, the International Monetary Fund (IMF) and regional development banks such as the African Development Bank. Anti-debt campaigners, however, have criticized the move as too little relief, too late and worry that it will be riddled with many new conditions.

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