(Wednesday August 31st, 2016 Issue)
DAKAR,
Aug. 27 (Xinhua) -- Senegalese President Macky Sall has said he will push for
funding of African economies, equity and fight against tax evasion during the
G20 Summit that will be held between Sept. 4 to 5 in Hangzhou, China.
The
president who will attend the 11th G20 Summit in his capacity as the chairman
of the New Partnership for African Development (NEPAD), made the remarks during
an interview he gave to Chinese media in Dakar.
“There
should be more investments than aid for African countries,” Sall said.
“Three
years ago, I appealed for measures that would help to bring growth to Africa.
Africa needs more investments and partnerships,” the Senegalese president said.
We
must ensure that the partnerships between Africa and other G20 countries are
built on mutual interest and in a manner that will allow Africans, African
businesses and African governments to access long term financial resources that
should be less expensive to allow for development, Sall noted.
“Everyone
wins, because Chinese enterprises can work just like other international firms.
Africa will achieve development and it will also invest in itself. The funding
will enable our economies to recover from the delays witnessed in the priority
sectors such as infrastructure and energy,” he said.
The
second issue that the NEPAD chairman will be raising during the summit of 20
largest economies in the world will be equity and the fight against tax evasion
in Africa. “Africa is a continent which, often, has unfortunately been
exploited. Multinationals that operate in capitalistic sectors have always
benefited from legislations that totally exonerate them from paying taxes. And
yet today, to fund development on the continent, we first need to count on
internally mobilized resources,” Sall said.
We
should, therefore, change international taxation regime so that wealth created
in a country can generate revenue for those countries that have the natural
resources, the Senegalese president recommended.
“We
can reverse the trend and Africa will not need to ask for aid, because the
generated tax resources will positively fund development on the continent,” he
affirmed.
Sall
further expressed hope that the G20 “will help the international community and
especially Africa” to be able to achieve growth based on new technologies and
investments.
In
this regard, he hailed the Forum on China Africa Cooperation, whose last summit
was held in Johannesburg where China promised to give Africa financial support
of 60 billion U.S. dollars over the next three years.
The
11th edition of the G20 Summit will be held under the theme “Toward an
Innovative, Invigorated, Interconnected and Inclusive World Economy.”
