Bill Clinton: “Development Report February 18, 1997 Dear __________: I am pleased to submit the second of five annual reports on the…”

“Development Report February 18, 1997 Dear __________: I am pleased to submit the second of five annual reports on the Administration's Comprehensive Trade and Development Policy for Africa as required by section 134 of the Uruguay Round Agreements Act. Our policy seeks to accelerate the pace of sustainable economic development for the countries of Africa. This Second Africa Trade and Development Report reflects our conviction that economic development in Sub-Saharan Africa will benefit both Africans and Americans. Stronger economies will better enable African nations to address a variety of complex problems that transcend regional boundaries. In an increasingly competitive global economy, the United States cannot afford to neglect a vast region that contains almost 10 percent of the world's population. Our efforts to help Africa develop will also create more export opportunities for U.S. goods and services and more jobs at home. These efforts to strengthen African economies will also reduce the cost in later years for large-scale U.S. humanitarian aid and enhance local and regional capacity to address transnational problems that threaten regional stability. Many African countries have made significant progress in the struggle for development in recent years. With assistance from the World Bank and the International Monetary Fund, more than 30 Sub-Saharan African nations have instituted economic reform programs, and, since 1990, nearly as many have held elections.…”