Times of Eswatini

Concerns as West pours aid into Ukraine

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PARIS - African countries are casting a worried eye as the West pumps aid into Ukraine, sensing a retreat in pledges to help their developmen­t and fight climate change.

According to the Paris-based Organisati­on for Economic Cooperatio­n and Developmen­t (OECD), assistance for Ukraine in 2022 shot up to US$16 billion, compared to less than a billion a year earlier, while that for Africa fell by eight per cent to US$29 billion.

Supporters of Ukraine say the help is vital for shoring up a country, whose collapse would send shockwaves across Europe and beyond. Ukraine’s economy contracted by almost a third last year.

But in many African countries, sympathy is starting to mingle with mutterings.

At a joint meeting in April of the Internatio­nal Monetary Fund (IMF) and World Bank in Washington, “African countries expressed fears of a double standard on internatio­nal aid,” a French Government source told AFP.

The war in Ukraine ‘lays bare the real face of the great powers in their action with regard to’Africa, a diplomat in Benin told AFP this week, ahead of a conference in Paris on poverty and climate funding.

Africa, the source said, was being ‘abandoned’.

As soon as Russia invaded its neighbour, the aid spigot for Ukraine was wrenched open.

On February 24, 2022, Ukraine’s allies put together pledges totalling to just over US$150 billion, according to the German-based Kiel Institute for the World Economy (IfW).

On Tuesday, the European Union’s executive Commission proposed an additional US$50 billion in assistance for embattled Kyiv.

As much as US$411 billion could be added to the pot, according to World Bank figures, at a conference in London on Wednesday on Ukraine’s future reconstruc­tion.

Many of the promises take the form of military aid, which is understand­able at a time of war. But the colossal scale, unlike anything seen in Europe in decades, is raising eyebrows.

“You see these enormous sums which at one time were considered an impossibil­ity and which these days are considered possible,” Niger’s Foreign Minister, Hassoumi Massoudou, told AFP.

This, he said, demonstrat­ed that ‘resources and mechanisms exist’ that could also be used to channel money to Africa.

Rich countries are already under fire for failing to uphold a pledge dating back to the 2009 UN climate conference in Copenhagen to muster US$100 billion a year for countries in the firing line of climate change.

Also awaiting implementa­tion is a 2021 pledge by the G20 to recycle US$100 billion in IMF special drawing rights (SDRs) from rich countries to vulnerable economies.

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