Part of oil companies’ windfall profits should be used to cushion the impact of high oil import bills on African economies, the African Development Bank’s new president proposed on Monday.
As reported by tomorrow’s Financial Times. The plan is supposedly going to be discussed at the upcoming African and donor-nation finance ministers meeting in Tunis. It will be interesting to see how this argument fairs (and is phrased) compared to the debates here in Washington at the U.S. Senate. (Full senate committee transcript, just in case.)