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Financing Development in Africa: Trends, Issues and Challenges

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  • Osakwe, Patrick N.
  • Ben Hammouda, Hakim

Abstract

Access to finance is critical to successful development in Africa. This paper presents recent trends in various aspects of development finance and provides a critical assessment of the costs of meeting the Millennium Development Goals in the region. It also examines recent proposals for financing the MDGs. Furthermore, it examines the key international commitments made to Africa as well as the extent to which donors have fulfilled these commitments. Finally, it examines issues and challenges arising from recent initiatives on aid and debt.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1815.

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Date of creation: Dec 2006
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Handle: RePEc:pra:mprapa:1815

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Keywords: Development; Finance; MDGs; Africa; Trends;

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  1. Sanjeev Gupta & Catherine A. Pattillo & Smita Wagh, 2006. "Are Donor Countries Giving More or Less Aid?," IMF Working Papers 06/1, International Monetary Fund.
  2. Sanjay G. Reddy & Antoine Heuty, 2006. "Achieving the Millennium Development Goals: What’s wrong with existing analytical models?," Working Papers 30, United Nations, Department of Economics and Social Affairs.
  3. Jan Willem Gunning & Paul Collier, 1999. "Explaining African Economic Performance," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 64-111, March.
  4. Osakwe, Patrick N., 2006. "Emerging Issues and Concerns of African Countries in the WTO Negotiations on Agriculture and the Doha Round," MPRA Paper 1850, University Library of Munich, Germany.
  5. Hélène Poirson & Luca Antonio Ricci & Catherine A. Pattillo, 2002. "External Debt and Growth," IMF Working Papers 02/69, International Monetary Fund.
  6. Nannyonjo, Justine, 2001. "The HIPC Debt Relief Initiative: Uganda's Social Sector Reforms and Outcomes," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  7. Steve Radelet, 2006. "A Primer on Foreign Aid," Working Papers 92, Center for Global Development.
  8. William Easterly & Ross Levine & David Roodman, 2003. "New Data, New doubts: A Comment on Burnside and Dollar's "Aid, Policies, and Growth" (2000)," NBER Working Papers 9846, National Bureau of Economic Research, Inc.
  9. Robert Lensink & Oliver Morrissey, 2000. "Aid instability as a measure of uncertainty and the positive impact of aid on growth," Journal of Development Studies, Taylor & Francis Journals, vol. 36(3), pages 31-49.
  10. Devarajan, Shantayanan & Miller, Margaret J. & Swanson, Eric V., 2002. "Goals for development : history, prospects and costs," Policy Research Working Paper Series 2819, The World Bank.
  11. Peter S. Heller, 2005. "Understanding Fiscal Space," IMF Policy Discussion Papers 05/4, International Monetary Fund.
  12. Cooper, Richard, 2005. "A Half-Century of Development," Scholarly Articles 3677048, Harvard University Department of Economics.
  13. Sanjeev Gupta & Catherine Pattillo & Smita Wagh, 2006. "Are Donor Countries Giving More or Less Aid?," Review of Development Economics, Wiley Blackwell, vol. 10(3), pages 535-552, 08.
  14. François Bourguignon & Mark Sundberg, 2006. "Constraints to Achieving the MDGs with Scaled-Up Aid," Working Papers 15, United Nations, Department of Economics and Social Affairs.
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