NAM working on Critical Economic Situation in Africa

NAM expresses their profound concern about the socio-economic situation in Africa which has remained unstable regardless of several efforts made by African countries, independently and together, to lay a solid foundation for Africa’s development. Non Aligned Movement has always been concerned to bring about the upliftment of nations in dire need of radical change, it is in this regard it has embraced the idea that the global commune should lend tangible aid and support to Africa’s own attempts to comprehend the intent of the African Renaissance, which aims to position the continent at the front of human development and progress.

They have noted that although the global community has an essential role to play in supporting Africa to realize African development priorities and goals, the prime conscientiousness for the progress of Africa lies with the Africans themselves. In this context they warmly receive the growing trend in Africa towards larger regiona,l sub-regional collaboration and assimilation. They also welcomed the development of economic performance in Africa in recent years. However, they have expressed alarm at the increasing high levels of poverty in Africa, which necessitate the pressing attention of the global commune.

The Heads of State or Government called on the global commune to endow with additional resources for the advancement of the social sphere in Africa, in particular to assuage the unfavourable penalty on the social sphere of carrying out of structural transformation of their economies. In addition, they reiterated that the Bretton Woods institutions, especially the IMF, should unite their attempts with the United Nations system by integrating poverty mitigation and societal advancement policies in their financial and economic stabilisation programmes.

NAM continuously reviews and has also noted the result of the Mid-Term Review of the United Nations New Agenda for the Development of Africa (UNNADAF) and therefore called upon the global society to put into operation the improved commitments to make sure that the targets of UNNADAF will be reached in the given time frame of the program. They also noted with alarm the apparent termination of the United Nations System-wide Special Initiative on Africa hardly two years after its initiation. They confirmed the legality of the priorities then recognized (education, health, water security and capacity building for governance), and urged the rededication of funds and resources to carry this initiative to realization.
They further re-emphasised their unease at the inconvenience derived from human-made and natural disasters, with drought, famine, over-flooding and desertification, which add and further worsen the quandary of the African societies. Recalling the shattering effects of the El Niño phenomenon it stated that such occurrences clearly demonstrate the susceptibility of countries, in particular developing countries, to natural disasters such as drought and flood. Such disasters often have an effect on more than one nation state. They therefore, called upon states to strengthen and increase support and teamwork among themselves in the implementation of pro-active programmes for disaster deterrence, awareness, alleviation and disaster assistance.

NAM also expresses concern that in spite of debt deferment and forgiveness, African countries are still faced with an increasing debt burden. Although the appliance of the Naples Terms and Highly Indebted Poor Countries (HIPC) initiative characterize an hopeful step towards a resolution to the predicament of bilateral debt within the Paris Club, the debt of low-income African countries still remain a stern obstacle to their advancement prospects.

The state of affairs is exacerbated by the pessimistic course of resources from Africa to the multiparty institutions. The continuing progressive development in the share of polygonal debt in their total debt stock needs the institution of sufficient modalities to apply multilateral debt diminution for the advantage of indebted African countries. They further urge the polygonal financial and monetary institutions as well as bilateral creditors to set up mechanisms that would not only seek out long-lasting and helpful solutions to the problem of multilateral debt of African countries, other than that would also make available extra concessional resources to the concerned countries.

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