New PDF release: African External Finance in the 1990s (World Bank Symposium)

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By Ishrat Husain, John Underwood

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In between are other countriesNigeria, Cameroon, Kenya, Zimbabwe, and Côte d'Ivoirewhere the potential for expanding on human and physical endowments is promising. Significantly, success in using external resources has an impact on their supply. Official aid will continue to be the major component of external resource flows to most countries in the region. Questions about the effectiveness of aid have concerned the international development community. The climate for official development assistance (ODA) in Page 2 donor countries, already chilled by internal budgetary pressures, can improve substantially if resources are used well and if aid is coordinated well.

But much still needs to be done. Several of the papers here provide useful insights about aid coordination and suggest practical means to achieve better results. The Record Sub-Saharan Africa's economic disaster has been well documented. As the paper by Culagovski and colleagues shows, per capita real gross domestic product (GDP) declined by almost 20 percent in the region between 1974 and 1984. That is the greatest sustained development failure of the century, and it has not yet been conclusively reversed.

Commercial Bank Lending: Outlook and Constraints Ellen Johnson Sirleaf, Francis Nyirjesy 105 Comment, Yvonne D. Jones 115 10. Short-Term Trade Credit Richard Brun, Sudarshan Gooptu 117 Comment, Ronald Johannes 125 11. Officially Supported Export Credits Asli Demirguc-Kunt, Refik Erzan 127 Comment, G. G. Johnson 134 Part IV Other Private Resource Flows and Risk Management 12. Foreign Direct Investment Lawrence Cockroft and Roger Riddell 139 Comment, Marcel Yondo 149 Page vii 13. Risk Management in Sub-Saharan Africa Stijn Claessens, Ying Qian 151 Comment, Michael Dooley 160 14.

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African External Finance in the 1990s (World Bank Symposium) by Ishrat Husain, John Underwood

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