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During the summit held on May 18, Macron allegedly proposed a “New Deal” in order to “save the African economies”.
The billions would flow freely – up to 100 from the IMF – thanks to the generosity of the rich countries which would give up part of their rights.
Almost all of the commentators sing the same tune! What is it really about?
Radio France Internationale lifts a corner of the veil by indicating that it is a question “of orienting more towards Africa the enormous mass of international liquidities which seek to be placed. Everyone knows that trillions have been issued by the ECB and the FED, which are in the hands of finance capital who does not know where to invest them.
The declaration adopted by the governments of 44 countries – including 30 from Africa and all the great powers – in the presence of representatives of the IMF, the World Bank and the FED provides a better understanding.
“Flushing out the strategy of imperialism”
It is necessary “to flush out the strategy of imperialism in its entirety”, declared with reason the persons in charge of the “Pan-African Unitary Dynamics” who organized on May 22 a rally in Paris against the “France-Africa summit” of Macron, adding that “one imperialism is not preferable to another”.
It is a real roadmap dictated to Africa which was adopted: it is necessary “to work at the service of a greater integration of Africa within the international financial architecture” and to put in place “reforms. favorable to the development of the private sector ”.
The recommended recipe is “to create an environment favorable to the private sector through public-private partnerships and private financing. “
Public-private partnerships (PPP) are long-term contractual agreements through which the private sector finances and manages services and infrastructure – schools, hospitals, highways, energy, water etc. – while the state covers the risks, pays an annuity or the consumer pays for the service. (1)
Maximum privatization is planned … resulting in a budget time bomb. The Court of Auditors in France criticized the enormous cost of PPPs and their “financial unsustainability”. The debt will explode, at prohibitive rates (2): financial capital is a winner across the board, and the population will have to pay.
It will be necessary to work “further on the mobilization of multilateral and bilateral financial instruments and products, in particular guarantees, political risk coverage, risk-sharing instruments”. Everything must therefore be planned so that the expected profits are made … even in the event of a social explosion!
The statement further warns that all of this “could, if necessary, be accompanied by difficult but necessary reforms to be carried out at the national level, with the assistance of the international community as necessary.” The aid in question is the continuation of the interference!
The peoples have the right to live!
The “New Deal” is the old strings. As the organizers of the May 22 rally declared, the object of the summit was: “How to continue the looting, the exploitation of Africa while stifling the discontent of the African peoples.” It is a question of confirming not the territorial division of Africa but the sharing of wealth. “
The summit does not bring any solution to the vital problems which beset the peoples of Africa neither for today nor for the future: if the continent is the least affected by the pandemic, it is the most affected by the consequences of the crisis of the capitalist system. and measures taken by their corrupt governments, at the behest of imperialism: poverty, hunger, plundering of natural resources, debt service, dilapidated education and health …
(1) The aim is to generalize what has started to be implemented and confirm the analyzes presented in this article: toll highway between Dakar, power plant in Ghana, etc.