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India prime minister pledges billions to Africahttp://www.bbc.co.uk/news/world-south-asia-13515993Africa Can End Povertyhttp://blogs.worldbank.org/africacan/United States African Development Foundationhttp://www.adf.gov/Africa Region: Working Paper Serieshttp://www.worldbank.org/afr/wps/In recent years, China has increased its investment in Africa by billions of dollars as they work with governments there to build new power plants, factories, and other pieces of key infrastructure. This week, another world power announced that they would be entering this competitive market. On Tuesday, Indian Prime Minster Manmohan Singh pledged $5 billion towards new projects in Africa, including tele-medicine for a virtual university and information technology investments. The announcement was made at the Africa-India Forum Summit in Addis Ababa, where Singh remarked, "The India-Africa partnership is unique and owes its origins to history and our common struggle against colonialism, apartheid, poverty, disease, illiteracy and hunger." India is hoping to catch up with China's tremendous economic relationship with Africa, which totaled approximately $126.9 billion in 2010. Along with this announcement, Prime Minister Singh also remarked that India would sponsor five new institutes in Africa and invite all African airlines to fly to several different Indian cities over the next couple of years.The first link leads to helpful article about the specifics of this development, courtesy of the Times of India. The second link whisks users away to a news update from the BBC website about this pledge of $5 billion. The third link leads to a blog from Shanta Devarajan, the World Bank Chief Economist for Africa, about the challenges (and successes) of ending poverty in Africa. The fourth link takes users to the homepage of the US African Development Foundation, which works on a range of important projects on the African continent. Finally, the last link leads to the World Bank's Africa Region Working Paper Series, which covers applied research and policy studies on cotton production, technological innovation, and other important developments.
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