If developed nations don’t step in to help the continent now, the whole world will pay the price, says Guardian economics editor Larry Elliott
Fifteen years ago a group of rich countries gathered for its annual get-together at the Gleneagles hotel in Perthshire, Scotland. A number of African leaders were invited to the summit, from which a deal emerged: the west’s major powers would provide debt relief and aid in return for cleaner and better governance.
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