|For Immediate Release||March 28, 1998|
An internet-linked commercial information resource center is staffed toanswer trade-related queries from U.S. and African businesses and willserve as a repository for economic and commercial reports from StateDepartment officers stationed throughout Africa.
At the dedication of the Ron Brown Commercial Center, the President willannounce several new initiatives and enhancements to his existingPartnership for Economic Growth and Opportunity. These include:
Greater Market Access -- all sub-Saharan African countries eligible for the U.S. Generalized System of Preferences program (GSP) will be able to avail themselves of several of the Partnership's programs; -- additional support will be provided to countries pursuing aggressive, growth-oriented economic reforms; -- further substantially enhanced access to the U.S. markets for products from Africa's strongest reformers will be granted through rapid passage of the African Growth and Opportunity Act, which the President supports.
Targeted and Enhanced Assistance -- the President has requested an additional $30 million for technical assistance and support programs; -- the Administration will work with Congress to restore development assistance to Africa to its historical high water mark; -- we will establish an endowment in conjunction with the Ronald H. Brown Foundation to help young Africans pursue internships with American companies and gain technical expertise.
Spurring Private Investment-- OPIC has established three funds for Africa -- a fund of $120 millionfor southern Africa, a second fund $150 million for all of Africa and athird infrastructure fund of up to $500 million (for roads, ports, bridges,telecommunications and investment in women-owned businesses andmicro-enterprises).
Enhanced Debt Relief -- the President has requested an additional $35 million for bilateral concessional debt relief; -- we have secured, with our G-7 partners, a commitment from the World Bank to increase lending to Africa by $1.1 billion this year and we will engage G-7 partners this year on African debt relief issues.
Increasing Bilateral Trade Ties -- the President will host an economic Summit for the heads of state of reforming nations; -- we will host the first annual ministerial-level Economic Cooperation Forum later this year.
Africa Trip Briefings
Remarks on the Bilateral Meeting
African Crisis Response Initiative
Press Briefing by David Sandalow
Press Briefing by Mike McCurry
Ron Brown Commercial Center
Delegation Accompanying the President to Africa
Press Briefing by Sandy Berger
Briefing at Accra, Ghana
Safe Skies for Africa Initiatives
Briefing by Scholars on Africa
Interview of Gloriosa Uwimpuhwe
Joint Press Briefing
Press Briefing on Africa Trip
Radio Democracy for Africa
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