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Looking Beyond Aid to Fund Africa’s Development

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  • John Kwabena Kwakye

Abstract

The paper calls on African countries to explore more intensely supplementary vehicles of development finance, including the national budget; domestic capital markets; remittances; other diasporean capital; foreign direct investment; future foreign exchange flows; and ‘reverse capital flight.’ The paper also makes the point that the post-2015 agenda goes beyond long-term finance and that, more importantly, it embraces a new global partnership and international cooperation.

Suggested Citation

  • John Kwabena Kwakye, 2014. "Looking Beyond Aid to Fund Africa’s Development," Southern Voice Occasional Paper 7, Southern Voice.
  • Handle: RePEc:svo:opaper:7
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    File URL: http://southernvoice.org/wp-content/uploads/2014/08/SV-OP-7.pdf
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    References listed on IDEAS

    as
    1. V.N. Balasubramanyam, 2008. "Foreign Direct Investment," Chapters, in: Amitava Krishna Dutt & Jaime Ros (ed.), International Handbook of Development Economics, Volumes 1 & 2, volume 0, chapter 39, Edward Elgar Publishing.
    2. World Bank, 2005. "Global Economic Prospects 2006 : Economic Implications of Remittances and Migration," World Bank Publications, The World Bank, number 7306, December.
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