U.s. African Development Foundation - 6843 Words

The U.S. African Development Foundation, which is an agency dedicated to the development of African in various sectors such as economic opportunity and food security, provides some figures of the grants that have been used for the continent between 2012 and 2014 with the year 2015 as a planned for future funding. Under â€Å"Obligated† heading, we can see that $29.6M was needed during Fiscal Year (FY) 2012, $27.8M was for FY 2013, and $31.8M was for FY 2014. Under â€Å"Spent† heading, the actual amount that have been used for FY 2012 was $36.5M, FY 2013 was $32.3M, and FY 2014 was $26.2 M, with, again, the projected grants for FY 2015 was $24M under â€Å"Planned† heading, and no data for this fiscal year as to how much has been spent as of this†¦show more content†¦For instance, when we look at East Asia Pacific, there are six countries listed on the chart (Cambodia, China, Fiji, Indonesia, Lao PDR, Malaysia, Philippines, Thailand, and Vietnam) and al most all of them, except for Lao PDR who have a population between 20-40 percent who live under $1.25 a day, have a population of less than 20 percent living under the $1.25 poverty line. However, under the $2 a day poverty line, only China and Vietnam have a population of less than 20 percent living below the poverty line, and the rest have beyond the 20 percent limits. The most extreme of them all is Lao PDR with over 60 percent living under $2 a day, and Cambodia and Philippines are about the same with just over 40 percent of the population (http://povertydata.worldbank.org/poverty/region/EAP). In stark contrast with East Asia Pacific, the Sub-Saharan Africa has an overwhelmingly high percentage of population who are living under extreme poverty line, even at the $2 a day limit. For instance, Zimbabwe has between 75-100 percent of the population living under $2 a day, with the percentage just a little below 75 percent at the $1.25 limit. The â€Å"Regional Poverty Trend† data chart also shows a total opposite with East Asia Pacific, because for the Sub-Saharan Africa starting in 1981, we see that the number of â€Å"millions of poor† marked by the blue columns has been increasing steadily with 2011 at