We need a Marshall plan for Africa, one that marshals the resources of the United States and the ingenuity of the African people to build a truly prosperous continent.
So, the US extends credit to African governments. Those funds are then loaned to local organisations (we might hope mostly private sector but doesn’t need to be). The local organisations repay to the govt in local currency. TRhe govts repay the US in $.
Oh, and all the money is in fact to be used to buy goods and services from the US.
As that is the way the Marshall Plan worked that’s what’s being called for right now, right? OK then.
Although quite how this differs from much foreign aid already is difficult to see. Because that’s how much of it does work, right now…..