I think you've put your finger on something that is a common problem, whether it's the World Bank or the UN. You've put your finger on a number of different things. Let me just comment on a couple of them, and I'll come back to your question if I have time.
I agree that Africa is a different story from 10 or 15 years ago, and I think Canada has an incredible role to play. I go back to this issue of managing the extractive industries. This is something in which CIDA has a role to play as part of its policy dialogue investment, making use of provincial governors and experience of provincial governments, especially because you have francophone experience here in francophone Africa, places like Congo, which you referenced earlier in your question to the other gentleman. In my mind, this is going to be an important part of the future of Africa. There are any number of different countries that are witnessing an extractive industry bonanza, and how they manage that money is going to be very important. Canada has a significant role to play.
On food security and agriculture, Canada has a major role to play there on food security issues. I would start with those two things.
Third, on this issue of policy dialogue within the sustainable economic growth sphere, it's around building this rule of law work I was referring to. I think that's going to be very important, because many of the 53 sub-Saharan African countries, as you said, are going to have an opportunity to take off. It's not so much about ODA—that will be helpful in terms of bringing the expertise—but it's about getting the rule of law right. We see this in Ghana, for example, among other countries.
In terms of Canadian businesses, yes, in general I think Canada brings labour and environment standards, including in its mining sector. You guys bring world-class standards to all sorts of global challenges. So yes, I do think standards of conduct of business are an important part of what Canada brings. I completely agree.
In terms of this issue of development finance in the diaspora, I do think there have been a number of experiments using savings and money sent from diasporas and how to catalyze that to use it for bonds or financing. What I would say about that is as follows in terms of the mechanics of it: government could provide some sort of a risk guarantee in terms of how that money is used. Oftentimes what will happen is you'll have to work through a bank or financial institution on the ground in a developing country, so they'll want someone to share risk with. So I think CIDA could have, at the very minimum, the authorities through Parliament to use grant moneys to share risk or create new instruments that are a form of loan guarantee that could be established for the private sector. That would be a way in which the government could play a role.