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Friday, April 15, 2011

The lies behind the West's war on Libya http://www.pambazuka.org/en/category/features/72575

Africans should think about the real reasons why western countries are waging war on Libya, writes Jean-Paul Pougala, in an analysis that traces the country’s role in shaping the African Union and the development of the continent.An African satellite only cost a onetime payment of US$400 million and the continent no longer had to pay a US$500 million annual lease. Which banker wouldn’t finance such a project?

But the problem remained – how can slaves, seeking to free themselves from their master’s exploitation ask the master’s help to achieve that freedom? Not surprisingly, the World Bank, the International Monetary Fund, the USA, Europe only made vague promises for 14 years. Gaddafi put an end to these futile pleas to the western ‘benefactors’ with their exorbitant interest rates. The Libyan guide put US$300 million on the table; the African Development Bank added US$50 million more and the West African Development Bank a further US$27 million – and that’s how Africa got its first communications satellite on 26 December 2007.

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