Overall, a rural agricultural development strategy will be useful in the stimulation of economic growth in the continent, timely enough to allow the survival of all the emerging democracies in Africa. Creating opportunities for employment in the agro-industrial sector will allow each African country to earn and increase their GDP enough to purchase U.S. goods and stimulate bilateral trade. The conference will provide a forum to facilitate an open discussion on several new initiatives and cooperation known to encourage agricultural investment, trade, rural food security, rural economics and community development programs. The initiative to expand the food security and agricultural economics program will also be discussed by experts in the field of agricultural technology. Using technology to improve and advance rural agriculture and human economic development is central to food security programs needed for sub-Sahara Africa.
African governments face a severe debt crisis.
Much of the debt was acquired under non-democratic, dictatorship regimes. The present debt ratio to national income mitigates against Africa s economic development. Today, the newly emerging African leaders in government, business, industry, and politics are saying no more business as usual. They know that gaining control over the impossible burdens of national indebtedness is a high priority, and that this requires commitments and conditions so that the massive debt cycle will not be repeated. Now, pre-conditions for debt relief are being set.