MASS MAIL 30 MARCH 2006 - THE WORLD BANK WALKING THE TALK

FOUNDATION FOR THE DEVELOPMENT OF AFRICA
"Participation Builds Unity"

"MADE IN AFRICA - FOR AFRICA"

FDA NEWSLETTER

MASS MAIL
30 MARCH 2006
THE WORLD BANK WALKING THE TALK
(All)

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The FOUNDATION FOR THE DEVELOPMENT OF AFRICA proudly presents you with the following information that may add value to Africa's development. Please direct any correspondence to: info@isupportafrica.com

THE WORLD BANK WALKING THE TALK

The World Bank's IDA (International Development Association) recently announced the cancellation of IDA debt to 13 of Africa's poorest nations as from July 2006, this date being the start of the World Bank's financial year. This move emerged from the deliberations at the July 2005 G8 Summit in Gleneagles, Scotland, where the G8 leaders pledged to cancel the debt of the world's most indebted countries, most of which are located in Africa - these African countries include:
Benin; Burkina Faso; Ethiopia; Ghana; Madagascar; Mali; Mozambique; Niger; Rwanda; Senegal; Tanzania; Uganda and Zambia. The countries outside of Africa, included in the relief fund, are Bolivia; Guyana; Honduras and Nicaragua,

The IDA is expected to provide more than US$37 billion in debt relief over the next 40 years.

Now that's walking the talk!

The approval of this enormous fund is seen as part of the World Bank's contribution toward the Multilateral Debt Relief Initiative (MDRI), however it is also seen as an effort to assist poor countries meet the Millennium Development Goals as well as provide recognition for the IDA's (International Development Association) role as the cornerstone in development finance for the poor countries of the world.

What is needed now is for us (Africans) to walk the talk - let's create an environment conducive to foreign direct investment - Let's create an environment that will allow for a PPP - Process of Positive Participation - Let's all take hands and work together to make Africa work for Africa.

The FDA-AFRICA Supporters, the FDA PARTNERS and all the contacts of the Foundation for the Development of Africa would like to express our gratitude to all involved with initiating and implementing this bold move to support and assist Africa - Thank you!

Our FDA AFRICA SUPPORTERS and FDA PARTNERS contribute towards the wellbeing of the Foundation for the Development of Africa. In return we showcase these organisations and individuals on our world-ranked website.

This is a plea for you to support our FDA AFRICA SUPPORTERS and FDA PARTNERS. There wellbeing indirectly means our wellbeing.

Our FDA AFRICA SUPPORTERS are showcased and branded on every 'index page' within our 600 plus page websites - see:
http://www.foundation-development-africa.org/fda_info/africa_supporters.htm

Our FDA PARTNERS are showcased on our dedicated FDA PARTNER website - see:
http://www.fdapartners.net/partners/index.htm
or
http://www.fdapartners.net/com/logodisplaylist.htm

The services and products of our supporters/partners are indexed on our PRODUCTS AND SERVICES SERVING AFRICA - This section is becoming very popular and is receiving substantial 'hits' from around the globe - see:
http://www.fdapartners.net/products_services/index.htm

It may be in your interest to participate as a FDA PARTNER - see why:
http://www.fdapartners.net/com/why_participate.htm

We need you to support our efforts - please participate:
http://www.foundation-development-africa.org/fda_info/how_then_can_i_support_fda_africa.htm

Please add your name to a growing list of names proclaiming - "YES! I support Africa" - see:
http://www.isupportafrica.com/isagen/names/index.htm

Take care

COMMENTS RECEIVED

30 March 2006
Hi Peter
We will not be able to attract FDI as long as the authorities in power are not prepared to protect SA industries against unfair international trade.
The International Trade Administration Commission (ITAC), which has the job of ensuring that action is taking against unfair trade such as dumping and subsidised export that cause injury to the SACU industry, has recently on a number of occasions refused to protect the industry despite finding proof of both the unfair trade and injury to the domestic industry. They disregard the fact that the exporters' submissions do not conform to the legal requirements (International Trade Administration Act and the Anti-Dumping Regulations) and take into consideration issues that are not at liberty to take into consideration, e.g. refusing to impose duties at it would allegedly affect downstream industry negatively - without any representation having been made by downstream industry. The used to meet weekly (up to 2002), then it became fortnightly and since January they only meet monthly, which has a profound negative impact on the finalisation of investigations.
In other countries anti-dumping is used to properly (and improperly) protect their industries. Here we bend over backwards to accommodate the exporters and give them every opportunity to cause the demise of our industries.
I certainly would not invest my money in such a market.
Maybe you can use your contact to start placing pressure on ITAC to change its ways?
Even call for a public debate on the matter or invite them to give a talk. I will gladly participate, being a trade remedies consultant and having graduated (LLD) in anti-dumping law.
God bless
Gustav Brink
Brindis Remedies t/a Trade Remedies Unlimited
South Africa

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