Subsequent executives reinstated the foreign exchange reserve contract. For some, it is an advantageous agreement that ensures that these countries are protected from the devastating effects of price inflation, which sometimes occurs in weak African economies that issue their own currencies. In the early 1960s, French governments developed a discourse on the concept of copéification or “post-independence relationship.” [3] [36] This concept was linked to efforts to spread French influence around the world, such as promoting the French language and culture, safeguarding French product markets and projecting French power. [3] It should be carried out outside a traditional colonial context, in which sovereign states such as France and the new independent African countries would work together in the mutual interest. [3] The concept of cooperation also evoked France`s historical responsibility to promote the development of its former colonial “family”. [3] To this end, France has signed cooperation agreements with its former colonies that have provided them with cultural, technical and military assistance, such as sending French teachers and military advisers to work for newly formed African governments. [3] The agreements also allowed France to maintain troops in Chad, InDjibouti, Gabon, Côte d`Ivoire and Senegal, and to create a framework for France to intervene militarily in the region. [3] [17] In the 1970s and 1981s, the French budget for military cooperation accounted for 11-19% of the total head ration budget. [37] Under President de Gaulle, French aid and aid were conditional on the signing of these agreements. [17] For example, when Guinea refused to sign the agreements, France immediately withdrew its staff from Guinea and announced any aid to that country.

[17] Jacques Foccart, Secretary General for African and Malagasy Affairs under Presidents Charles de Gaulle and Georges Pompidou, was responsible for the implementation of these agreements. In 1987 alone, France was the largest source of development assistance in sub-Saharan Africa, with up to 18% of total aid to the region, followed by the World Bank (13%), Italy (8.5%), the United States (6.8%), Germany (6.8%) 29] All French aid was granted through the Ministry of Cooperation. [3] France has benefited from its aid, trade and investment in Africa, which has always produced a positive balance of payments for France. [29] President Alassane Ouattara of Côte d`Ivoire delivers a speech before signing a new pact to stimulate economic growth and private investment in the French-speaking West African nation. November 7, 2017, Washington, DC. Photo of the U.S. Department of State, public domain. The CFA is a colonial-era currency that is still used in several former French colonies in Africa. O imperial colonial franc`s continua na éfrica.

For absurdo torna-se dos pobres para sustentar a opulencia. Mr. Vergonha. Tem que acabar com isso. Yes, indeed… this must be erased forever and African countries are freed from the colonial rope! After the accession of its African colonies from 1959,[9] France retained a sphere of influence over the new countries, which was decisive for President Charles de Gaulle`s vision of France as a world power (or majesty in French) and as a bulwark for British and American influence in a post-colonial world. [3] The United States supported France`s continued presence in Africa to prevent the region from being under Soviet influence during the Cold War. [3] France had close political, economic, military and cultural relations with its former African, multidimensional and institutional, semi-institutional and informal colonies.

[1] [3] Through a “colonial pact”, France forced these countries to “invest 85% of their foreign exchange reserves in the French Central Bank” under the control of the French Finance Minister, journalist Mawuna Koutonin wrote in 2014.

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