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Updated:
18 Jan 2008
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Trade and Economic Development
U.S. Treasury Secretary Henry Paulson, on a trip to Tanzania, South Africa and Ghana, tells the U.S.-Africa Business Summit in Cape Town that African leadership is vital in four areas to accelerate and sustain economic development on the continent: natural resource protection, financial markets, business climates and free trade. He adds that protection of natural resources, which often have been the cause of conflict in Africa, is "key to Africa's long-term, sustainable and inclusive economic advancement." (complete text)
United States Provides Debt Relief for Liberia
In a November 14 White House press release, President Bush states that he welcomes support of the agreement by International Monetary Fund (IMF) shareholders to finance debt relief for Liberia. The IMF's pledge follows the U.S. commitment to provide $391 million in bilateral debt relief for Liberia. Collectively, this will unlock significant resources in support of the economic turnaround begun by Liberia's President Ellen Johnson Sirleaf. (complete text)
São Tomé and Príncipe Launches Millennium Threshold Program
The United States and São Tomé and Príncipe November 9 sign a Millennium Challenge Corporation (MCC) Threshold Program agreement. “The program initiated today is a testament to the commitment by the people and government of São Tomé and Príncipe to enhance their business climate,” MCC Director Malik Chaka says. “The program with São Tomé and Príncipe will help streamline business registration and improve tax and customs administration and enforcement. We look forward to working with the people of São Tomé and Príncipe as they implement this ambitious program.” (complete text) |
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SPECIAL FEATURE
 (© AP Images) Climate Change and Clean Energy  Photo Gallery |
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