Who are Biden’s collaborators who go to Africa to contain China
What the US Secretary of State's recent trip to Africa means. The article by Giuseppe Gagliano
The US Secretary of State's recent trip to Africa demonstrates the need for the United States to counter and limit China's projection of global economic and military power.
According to La Jeune Afrique, "if, in 2020, the African continent accounted for only about 1.2% of the United States' international trade in goods – less than Italy (1.8%) -, in recent years this represents more of $ 50 billion a year. In the first nine months of the year, Africa's trade surplus reached $ 8.7 billion. The stock of US foreign direct investment (FDI) in Africa reached $ 43 billion in 2019, almost as much as China ($ 44 billion). Additionally, Millennium Challenge Corporation (MCC) and Development Finance Corporation (US DFC) are among the few donors able to sign $ 500 million grants for African projects. Finally, the United States occupies a leading voice in institutions such as the African Development Bank (ADB), the World Bank and the International Monetary Fund (IMF). "
We were talking about the collaborators of President Biden. The first of these is certainly the former banker of JP Morgan and private equity Carlyle, Alice P. Albright, who coordinates the Millennium Challenge Corporation specializing in supporting developing countries and disburses grants in the form of multi-year "pacts" signed. on the basis of compliance with various governance criteria and effectiveness of public action. Senegal ($ 550 million), the Ivory Coast ($ 525 million) and Benin ($ 375 million) benefited.
Biden's second employee will be Samantha Power, director of USAID, the US development aid agency that "employs more than 10,000 people, has invested over $ 22 billion in one year at the end of September 2020, of which more 700 million respectively in the Democratic Republic of Congo, Nigeria and Ethiopia, and nearly half a billion in South Sudan, as well as in Kenya and Uganda.
The third contributor is Enoh T. Ebong who coordinates the US Trade and Development Agency (USTDA), a lawyer and specialist in IPOs and mergers and acquisitions, has “facilitated more than $ 76 billion in American exports since its creation in 1992. In Africa it is involved in the Power Africa (electricity), Access Africa (TIC) and Prosper Africa initiatives. Thanks to this agreement, the United States has signed 800 trade and investment agreements in 45 countries for a value of around 50 billion dollars.
The fourth collaborator is the Assistant Secretary of the Treasury, Adewale "Wally" Adeyemo, born in Nigeria in 1981, graduated from Berkeley and Yale, formerly Deputy National Security Advisor during the administration of Barack Obama, of which he was the first president of the homonymous foundation
The fifth collaborator is Mary Catherine Phee, former ambassador to South Sudan, assistant secretary of state for African affairs since September and administrator of the United States African Development Foundation (USADF).
The sixth contributor is Dana Banks, a former diplomat in South Africa and Togo, now senior director for Africa at the Council for National Security.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/stati-uniti-africa-cina/ on Wed, 08 Dec 2021 07:22:32 +0000.