| This broad goal encompasses reform
of global trading and financial systems, tariff – and quota-free
access for Least Developed Countries’ exports, debt cancellations,
addressing special development needs, creating work, providing access
to essential drugs, and sharing new information, communications,
and other technologies.
Developed
countries subsidies, tariffs and quotas still restrict market access
for African products. And, where there has been market access, supply-side
constraints have prevented African countries from taking advantage
of it. This is compounded by the slow pace of regional integration
and poor governance within Africa. Key to helping reduce supply-side
constraints, ODA levels to Africa have started to increase since
2001. They recovered from a low of $US15.3 billion in 2000 to a
new high of $US26.3 billion in 2003.9 Following the 2002 Monterey
Consensus, they have fallen short of requirements and aid quality
has not shown much improvement.
The recovery in ODA flows was largely driven by debt relief, provided
through the Highly Indebted Poor Country (HIPC) initiative, and
emergency assistance. However, debt relief schemes have left out
middle-income countries, which also labour under heavy debt burdens.
Furthermore, countries benefiting from the HIPC initiative still
find themselves burdened with unsustainable debts.
The decisions taken at the G8 Summit in July 2005 regarding debt
cancellation and increased assistance to Africa’s poorest
economies will go a long way to ease the burden in many countries
and free more funds for development activities. However, they may
still fall short of development requirements, while the partnership
implementation modalities and disbursement flows remain to be realized.
Despite some progress, patent laws still block access to essential
drugs needed to fight malaria, HIV/AIDS, TB and other diseases.
Finally, the information and communications technology divide between
Africa and the rest of the world remains wide.
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