Funding the African-Development Multiplier

In: The journal of modern African studies: a quarterly survey of politics, economics & related topics in contemporary Africa, Band 26, Heft 1, S. 139-150

Abstract

There is broad international agreement on Africa's need for enhanced external financing. The United Nations unanimously adopted an unprecedented Programme of Action for African Economic Recovery and Development in 1986, which entailed, on the African side, explicit recognition of significant responsibility for poor economic performance and of the need for policy reform, and on the Northern side, an acceptance of responsibility for greater funding.