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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.

Suggested Citation

  • Osakwe, Patrick N. & Ben Hammouda, Hakim, 2006. "Financing Development in Africa: Trends, Issues and Challenges," MPRA Paper 1815, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:1815
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    File URL: https://mpra.ub.uni-muenchen.de/1815/1/MPRA_paper_1815.pdf
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    References listed on IDEAS

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    4. Jan Willem Gunning & Paul Collier, 1999. "Explaining African Economic Performance," Journal of Economic Literature, American Economic Association, vol. 37(1), pages 64-111, March.
    5. 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, August.
    6. 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.
    7. 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.
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    12. 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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    More about this item

    Keywords

    Development; Finance; MDGs; Africa; Trends;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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