• About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home The Global Economics

US-Africa Discuss $55 Billion In Economic Grants At The Leader’s Summit

Washington held the US-Africa Summit with nearly 50 imminent African leaders flying in to commence the three-day talk on key issues having catastrophic effects on the continent in particular and the world in general.

Jagriti Saha by Jagriti Saha
December 14, 2022
in The Global Economics, Top Stories
Reading Time: 3 mins read
0
US-Africa Discuss $55 Billion In Economic Grants At The Leader’s Summit (Image Source: @SecBlinken)

US-Africa Discuss $55 Billion In Economic Grants At The Leader’s Summit (Image Source: @SecBlinken)

33
SHARES
186
VIEWS
FacebookTwitterRedditWhatsAppLinkedInFacebook

The US-Africa summit, the first in 8 years, holds the objective of covering matters pertaining to health, climate change, food security, civil wars, and outer space explorations.

Washington held the US-Africa Summit on Tuesday, December 13th, with nearly 50 imminent African leaders flying in to commence the three-day talk on key issues having catastrophic effects on the continent in particular and the world in general. The US-Africa summit, the first in 8 years, holds the objective of covering matters pertaining to health, climate change, food security, civil wars and outer space explorations. Additionally, the US officials plan to discuss contemporary topics such as commercial investments and technology that produce potential long-term benefits for Africa.

President Joe Biden’s administration is in desperate measures to mend relations with Africa after former President Donald J Trump kept brushing the nations off and belittling them in a White House meeting in 2018.

The US-Africa summit kicked off with meetings centered around crucial environmental topics, democratic governance and security and public health. The officials discussed that African leadership is the key to square up to peace, security, and governance challenges. US trade representative Katherine Tai has led a ministerial conference on trade.

The African continent is facing a grappling food shortage, magnified by the after-effects of Covid-19 that disrupted supply chains and the Russian aggression on Ukraine.

The United States has the plan to commit US$55 billion to Africa spread over the coming three years. The money will be sanctioned to combat core challenges existing in a range of sectors. The congressional collaboration will be key to its distribution. This economic aid package shall provide an economic presence for Washington, thereby also promoting development in the African region. So far, the plan for dispensing the $55 billion is as follows:

Health 

Joe Biden’s administration has apportioned $20 billion to health programs in Africa. The breakup includes $11.5 billion in HIV/AIDS, a little over $ 2 billion to curtail malaria, a little over $ 2 billion to support programs aimed at family planning and reproductive, maternal and child health, a little over $ 2 billion to address economic, humanitarian and health impacts of the global Covis-19 pandemic. Congress will be further approached for $4 billion for healthcare workers.

Climate Change

Climate change is one of the greatest menaces existing in the world, demanding immediate action. The Biden-Harris government has already invested and plans to provide at least $1.1 billion to boost the African efforts of conservation, energy transitions, and climate adaptations.

Africa has been receiving American assistance for quite a long time, but the effect seems to remain limited. Despite half a century’s worth of economic grants, the development problems haven’t been subdued. Africa requires more attention from the international community. Uneven distribution of assistance in recipient countries on the basis of western ideologies generally contributes to social and economic problems.

The White House stresses the urgent requirement to strengthen democracies across continents to increase stability. They have included anti-corruption programs and show support for independent journalism to promote democracy.

US officials are perturbed about the influence of China and Russia over the African continent. In addition, the instability caused in the economy by constant famines, climate changes, and epidemics is a cause of pivotal concern. America seeks to provide and create economic opportunities for the youth of the continent. They look forward to making additional investments to help students participate in exchange programs between the countries, hike trade opportunities and provide aid to African SMEs.

The United States’ interest in renewing ties with Africa has been challenged by China. Beijing has, on the other hand, held regular high-level meetings with Africa every three years for the past twenty years.

President Biden is expected to give his round of speeches on Wednesday and Thursday. He is anticipated to announce his support as the African Union moves to join the G20 group as a permanent member. The president and first lady Jill Biden is also scheduled to host the African delegates for dinner on Wednesday at the White House.

The US President has visited multiple allies in Europe, Asia, Middle East since taking office in 2020 but not Africa yet. This summit, thus, is paramount even to assess the complexities prevailing in the continent.

Via: short URL
Tags: Climate ChangeDonald J TrumpPresident Joe BidenThe Leader’s SummitUS-Africa
Jagriti Saha

Jagriti Saha

Related Posts

US and Ukraine Sign the High-Stakes Critical Mineral Pact
Trending

US and Ukraine Sign the High-Stakes Critical Mineral Pact

by The Global Economics
May 1, 2025
Global Tariffs Can't Slow Down China’s Growing Steel Production
Global Trade

Global Tariffs Can’t Slow Down China’s Growing Steel Production

by The Global Economics
April 16, 2025
Google to Finalize its Biggest Deal with Cyber-Security Startup Wiz
Technology

Google to Finalize its Biggest Deal with Cyber-Security Startup Wiz

by The Global Economics
March 19, 2025
Alibaba's RISC-V Chip Will Be a Game-Changer for China's Semiconductor Industry
Technology

Alibaba’s RISC-V Chip Will Be a Game-Changer for China’s Semiconductor Industry

by The Global Economics
March 10, 2025
Cop16 Deal Secures Billions of Dollars for Biodiversity Protection
Top Stories

Cop16 Deal Secures Billions of Dollars for Biodiversity Protection

by The Global Economics
February 28, 2025
Twitter Youtube LinkedIn Soundcloud
the global economics logo

The Global Economics Limited is a UK based financial publication and a Bi-Monthly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Trump's Order on US Drugs Might Increase Global Drug Prices

Trump’s Order on US Drugs Might Increase Global Drug Prices

May 13, 2025
Alibaba Challenges OpenAI and Google with Self-Sufficient AI Search Tech

Alibaba Challenges OpenAI and Google with Self-Sufficient AI Search Tech

May 12, 2025
UK-US Entered a "Historic" Trade Agreement, but 10% Tariffs Remain

UK-US Entered a “Historic” Trade Agreement, but 10% Tariffs Remain

May 9, 2025
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version