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Black wealth, African American money: the future for Black America

African Leaders: Financial Crisis Threatens Chaos

Some African countries could "go under" if they are not helped through the global downturn, threatening "total chaos and violence", Ethiopian Prime Minister Meles Zenawi warned the G20 on Monday.

At a meeting of African leaders in London ahead of next month’s summit of the Group of 20 rich and emerging countries, presidents and prime ministers from across the continent warned of the costs of ignoring Africa.

British Prime Minister Gordon Brown was meeting African leaders to hear their concerns about the world economic downturn in the G20 build-up.

"They should care about Africa because it is in their interests," Meles, who will attend the G20 as the chair of the New Partnership for Africa’s Development (NEPAD), told reporters.

"Any stimulus money spent in developed countries is going to have less global impact than if the same amount of money were to be spent in Africa.


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March 17, 2009 - Posted by | Uncategorized

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