Post by patsonmusiiwa on Mar 30, 2009 5:53:11 GMT -5
Accordind to an artical in the press, the current global recession is affecting strides that had been achieved in the continent in recent decades. The article states that, "Many countries are experiencing reduced trade & economic activity, withdrawal of investors & acute security of credit. Projects are being postponed or cancelled altogether. "
So you might be wondering, How then does this affect CC? Well, numerous organizations with the assistance of governments were engaged in efforts aimed @ combating CC, but with the global economic recession, the shrinking of large economies has resulted in less or no donor funding at all froom these very countries to Africa. Moreover, organizations caanot borrow money due to high interests rates. if this trend continues, we face tough times ahead in fighting CC.
So you might be wondering, How then does this affect CC? Well, numerous organizations with the assistance of governments were engaged in efforts aimed @ combating CC, but with the global economic recession, the shrinking of large economies has resulted in less or no donor funding at all froom these very countries to Africa. Moreover, organizations caanot borrow money due to high interests rates. if this trend continues, we face tough times ahead in fighting CC.