Poverty Reduction Strategies
The World Bank's Africa Development Indicators (ADI 2007), launched yesterday in Johannesburg, would indicate that there is in fact reason to be optimistic.
During the last decade many African countries have achieved steady economic growth, much needed to reduce the levels of poverty in the continent. In the words of Obiageli Ezekwesili, World Bank Vice President for the Africa Region.
This World Bank initiative will, through a competitive process, award grants and technical assistance to innovative entrepreneurial projects that are designed by Africans, to support the development of Africa.
Elegible participants to the competition can be individuals or organizations emanating from the Sub-Saharan African diaspora, currently living in Europe and active in Africa. Applicants can be entrepreneurs, private investors, NGOs, civil society organizations, foundations, etc.
In a speech to the Chicago Council on Global Affairs, Barack Obama pledged to double US aid by 2012, if elected President.