Yellen said ending the war would be the best thing to help the global economy, but Treasury estimated that a Group of Seven-led price cap on Russian crude oil and refined products to limit Russia's revenues could save the 17 largest net oil-importing African countries $6 billion annually.
Washington provided about $13 billion in emergency aid and food assistance last year, and was now setting up a U.S.-Africa strategic partnership to address the short-term food needs of more than 300 million Africans, Yellen said. It is also helping to build more resilient and sustainable systems for the future.
It is a message Yellen plans to hammer home throughout her visit, with further stops planned in Zambia and South Africa, contrasting the U.S. approach with that of China and other countries active on the continent. "While our approach may be exacting, we believe it delivers lasting results. Countries need to be wary of shiny deals that may be opaque and ultimately fail to actually benefit the people they were purportedly designed to help in the first place," she said. "This can leave countries with a legacy of debt, diverted resources, and environmental destruction.
Bullshit. What savings do you make when you make deals with shady politicians like ramaphosa in the background. If there is any truth to what she's saying I dare her to reveal all agreements entered into between the west and Africa.
How about a price cap for apple 🍎 products, German automobiles, total, shell, BP gas & petroleum products, not to mention your embassies visa charges?
America is now the worst ally to Africa since the beginning from looting resources and enslaving africans,to killing leaders with best govt Ever in the world like libya.russia is now liberating us from shackles of oppression from them.its time
Yellen, where is your money? What's Africa to do with you? You just warned that US debt ceiling has been reached.
But yet the Ukrainian police and military wouldn’t let the African students on busses and trains before the Ukrainian People to leave the country while being pummeled
Why do we now call hunger food insecurity
finger pointing for the win or loss
🙄🤦♂️
Ho hum. Food insecurity in Africa. Whoda thunk.
No one cares about the people in Africa just like they didn't care about the people murdered in Ukaine. Thousands of donbass Ukrainians were murdered by their own government for almost 10 years and no one said a word. If they cared their would have been no war, no starvation.
a lie or propaganda? russia supports africa, n africa supports russia n china, your excuse to lead war with russia on ukraine ?
SecYellen Russia in Ukraine isn't the cause of poverty in most African nations, US foreign policy of exploitation & dollarization is! _AfricanUnion AJEnglish BBCAfrica When Africans own & manages their resources, poverty will end. SCMPNews China in Africa is welcomed!
Nuke Ukraine already.
The always lying Yellen. The Queen of Americas Financial destruction with Biden because she wouldn’t stand up to him on spending.
It is extremely clear that Russia will never surrender. I don’t know what the endgame is here, but total victory will not happen.
Literally duh and us putting sanctions on their exports is only adding to the problem. I'm sure Russia would love to export food goods as would Ukraine of allowed to do so.
Lift the sanctions.
Stay in your lane Janet.
..but the US is aiding the war...
I wonder how much our military presence and/or sanctions are putting a drag on their economies?
Correction Madame Secretary,the era when Africa & Africans regarded 'uncle sam's' word as for lack of a better expression 'credible' are over, it's NATO's war against Russia bt most of us are happy the Russians have proved they're not iraq libya afghanistan RIP WEST propaganda
All the grain released from Ukraine under the grain deal, how many percent went to Africa? People that hoarded all COVID 19 vaccine all of a sudden care about Africa? The west time of propaganda is up.
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