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Local Time: 5/9/2010 9:13:25 PM GMT Time: Sun, 5 Sep 2010 19:13:25

Brown says Africa can lead global recovery (7/24/2010)

Africa can lead the global recovery, former British Prime Minister Gordon Brown said on Saturday, setting out five potential sources for economic growth in the continent.

In a speech to be delivered to African leaders at a summit in Kampala, Brown said lower income countries in Africa are forecast to grow at a 5 percent rate this year, compared to 2 percent average growth predicted in high income countries. "Africa can drive the global recovery, but not without Africans driving the global agenda," said Brown, who resigned as British premier in May after his Labour party lost the general election. "That is why I propose enhanced African representation at the IMF, increased African representation in the World Bank and a constituency system for the G20 where Africa can be permanently and fully represented along with other non-G20 countries of the world," he said. "Africa does not only stand to gain from a global society, but must be its inspiration and a leader," Brown said, adding that Africa has more untapped potential and unrealised talent than any other continent. He said one of the five potential sources of growth is "a faster pace of economic integration in Africa's internal market, and between (its) market and those of other continents, facilitated by investment in infrastructure."

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