Overview
African countries have experienced modest economic recovery during the 1990s. But these countries are caught in a vicious circle in which the existing economic structure cannot generate enough savings and export earnings needed to finance their development and mount a sustained assault on widespread poverty. Yet foreign aid has been cut back sharply and the continent receives only a trickle of foreign investment flows. New policy regimes are now in place, creating the right environment for external financing to make a major difference. Development finance is one of the foremost challenges facing African countries and the international community in the new century.
- | Author: V. Makhan
- | Publisher: Palgrave MacMillan
- | Publication Date: Jan 01, 2002
- | Number of Pages: 261 pages
- | Binding: Paperback or Softback
- | ISBN-10: 1349421235
- | ISBN-13: 9781349421237
