this post was submitted on 19 Jul 2023
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[–] [email protected] 1 points 1 year ago (3 children)

North America and Europe stopped supporting African countries, they decided to turn to other rich countries instead.

[–] [email protected] 4 points 1 year ago

I was just looking it up for South Africa

The EU is South Africa’s most important development partner. Its €281 million bilateral cooperation programme is reinforced by grants for thematic focal areas. Further, the European Investment Bank makes available €462 million in long-term loans.

source

(I don't know much about the subject, this is from a quick Google search)

[–] [email protected] 3 points 1 year ago (1 children)

It's more like we made promises we didn't keep (like transferring financial aid, investments in infrastructure projects, etc) and instead Western countries still bleed part of Africa's economy dry and I can understand that they're fed up with it. I only hope that China and Russia won't just be a wolf in sheep's disguise, since they're also imperialist and it'd be naive to expect them to help Africa become a strong contender to their economies.

[–] [email protected] 1 points 1 year ago (1 children)

New boss, same as the old boss.

African nations would be better off to continue pushing for an African Union and bring collective bargaining power when dealing with the new and old colonists.

[–] [email protected] -1 points 1 year ago

Well, there are plans to create a SWIFT alternative (?)/digital currency for African nations to trade between themselves. They're not simply relying on BRICS, it would seem.

[–] [email protected] 3 points 1 year ago

Did they do that for money or disagreements (e.g. treatment of LGBT people)?