Download e-book for iPad: African Development Report 2006 by The African Development Bank

By The African Development Bank

ISBN-10: 0191538310

ISBN-13: 9780191538315

ISBN-10: 0199298475

ISBN-13: 9780199298471

The African improvement document 2005 is the 17th annual survey of financial and social growth in Africa. The file presents complete research of the nation of the African financial system, analyzing improvement coverage concerns affecting the industrial clients of the continent.

The African improvement financial institution staff is a nearby multilateral improvement finance establishment the participants of that are the entire fifty three nations in Africa and 25 nations from Asia, the center East, Europe, North and South the US. the aim of the financial institution is to additional the industrial improvement and social growth of African international locations separately and jointly. To this finish, the financial institution promotes the funding of private and non-private capital for improvement, basically by way of offering rather a lot and delivers for tasks and courses that give a contribution to poverty aid and broad-based sustainable improvement in Africa.

The non-concessional operations of the financial institution are financed from its usual capital assets. additionally, the Bank's delicate window associates - the African improvement Fund and the Nigeria belief Fund - offer concesssional financing to low-income international locations that aren't in a position to maintain loans on marketplace terms.

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Extra info for African Development Report 2006

Sample text

Often this might be to the commercial or economic benefit of firms in the donor country. Can Africa Absorb More Aid? 2: Quo Vadis Aid? To a large extent, what aid does depends on where it goes. Some scholars have argued that more attention should be paid to what aid finances. According to one view, it is time for a renewed focus on infrastructure. In general, infrastructure and the productive sectors have largely been overlooked in recent years, in so far as the distribution of aid resources is concerned.

Given the structural weak- 23 nesses of most SSA economies, their low incomes, low savings, and low investments, high levels of debt and debt servicing will ultimately militate against rapid economic growth and development. Indeed, many analysts and international policy makers appear to have reached a consensus that a satisfactory recovery of investment and output growth in indebted SSA countries will remain difficult, perhaps unattainable, as long as these countries are saddled with a debt-servicing burden that requires a sizeable net transfer of resources abroad.

If aid were intended for the latter, the literature would revolve around foreign direct investments, technology transfers, and localized diffusion. The necessary condition for these to occur is basic infrastructure, which donors cannot sustain by themselves without commitment from recipient countries. Nonetheless, it is inconceivable to discuss development without talking about science and technology and research and development (R&D). Yet the discourse has continued so far in utter silence on these critical requirements, often discussing capacity and human resource development by way of technical assistance, which consists of sending accountants and bookkeepers to keep tabs on how money is spent.

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African Development Report 2006 by The African Development Bank

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