After a bitter fight between the World Bank's board of directors and Bank President Paul Wolfowitz, Congo-Brazzaville was allowed to reach decision point in the HIPC program on March 9. The deal was almost held up after reports that Congo’s President Denis Sassou-Ngueso spent $300k at a New York hotel, but this scandal wasn’t enough to convince debt relief diehards that Congo wasn’t perhaps the most worthy recipien
CGD Policy Blogs
As if 782 percent inflation, mass homelessness caused by their own government, and an economy worse than a warzone weren't enough for the beleaguered Zimbabwean people, they now face this: No more Coca-Cola. The BBC is reporting that local bottlers can no longer get foreign exchange to import the syrup, so Coke fans (probably most Zimbabweans) must go without their favorite drink for now.
President Ellen Johnson Sirleaf addressed a Joint Session of Congress on March 15th. This is only the second time in the last decade that an African Head of State has addressed Congress – the first being South Africa’s Nelson Mandela. She was superb. The combination of humility, resolve, courage, strength of purpose, and vision, along with great communication skills, made it one of the best speeches I have seen on any topic in a long time.
Jeffrey Sachs, director of the Earth Institute of Columbia University, spoke yesterday at CGD (video clip available) to describe his Millennium Villages Project. Sachs’s argument is generally that countries like India developed not by ineffectual, small amounts of foreign aid – as he argues the US delivers today – but by creating a Green Revolution. Communities learned to work together, and with fertilizers donated in part by the United States, they became able to feed themselves and eventually to begin developing.