Saturday, July 12, 2008

Cash infusion for Senegal Electricity

The World Bank just gave Senegal a cash infusion of 80 million to help with electricity production, development, and services.
This funding is to help with the restoration of electricity through 2009.

Since I am very pessimistic where funding like this are made, I wonder how much would really go into electrical projects, and how much would go into pockets of the runners of the country?

Virtually every country on the continent of Africa is having problem with electricity, yet aid and lines of credit are being extended to African countries. The G-8 conference just ended in Japan, with promises to help the beggars of the world.
The details of aid have not come to light, but based on past results, I would rather have the donor nations send their own people to oversee the distribution. At least with regard to USA, any citizen who bribes a foreign official, can be prosecuted in the USA if such bribery comes to light, so would any embezzlement. With regard to African leadership, perpetrators get pats on the back.

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