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Economic Technologies’ Chairman & Chief Executive Officer, Jude E. Uba, hails the 31st G8 Summit’s agreements and definitive expressions of collective effort to double official financial flow to Africa to $50 billion annually, endorse debt cancellation for the world’s 18 poorest countries and to deliver $3 billion for the Palestinian Authority.

(PRWEB) July 23, 2005 -- Clearly, before the start of deliberations at the Gleneagles, Scotland summit, it was obvious that a 100% debt cancellation for Africa, one of the centerpieces and perhaps the most concrete of Tony Blair’s ambitious Africa Plan, was off the table. So was the goal of boosting foreign aid to 0.7% of rich, industrialized countries’ GDP by 2015. However, the Summit was a profound success.

“The world, today, under the leadership of Prime Minister Tony Blair, did wrest the dossier of the future from inaction and collectively challenged nations of obstructive policies and lack of leadership, with a new point of reference,” said Jude E. Uba, Economic Technologies’ Chairman & CEO.

Judging from the chemistry at the Gleneagles resort, it is quite clear that “African leaders, themselves, do cherish the resolve, and are aware of the great historical challenge put to them, to quadruple the value, quality, weight and determination of the leadership necessary to achieve massive productivity gains in the continent. A bold and audacious leadership, with an unbending loyalty to produce real results, that is also required of every African. Inevitably, people build economies and create wealth, not governments,” Uba stated.

Consistent with Economic Technologies' commitment to be a central transforming force in global economics, we actively welcome any real attempts at sustaining result-oriented priorities, definitions and focus for extending high quality of living to billions of people around the world. At the request of many leaders, Uba is committed to producing annual Real Progress Reports and to consult with such governments. “Promises must now become concrete actions, clear results. We must sow the seeds of future progress, planted not in difficult soil, so as to stem the disaffection and trails that reverberate.”

“Tony Blair, faced with consequential needling in London, was unremitting in his quest to invite a new beginning for Africa and for the rest of the world, with a clear view of a better future. Now, the world and the peoples of Africa, must drive this beautiful beginning forward, with truly unique and extraordinary benefits lurking, not be obscured by neglect,” Uba said.

Although small progress has been made, yet the issue of daunting trade barriers, which has a rather long-term consequential dispatch for Africa, must remain solidly on the table.

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Source :  http://www.prweb.com/releases/2005/7/prweb264619.htm