African external finance in the 1990s

Author(s)

Ishrat Husain
John Underwood
International Bank for Reconstruction and Development

Files

Abstract / Description

External financing for sub-Saharan Africa is a vexing problem with no easy solutions. The regions' macroeconomic policies, domestic savings, and efficiency of resource use - all generally poor - impinge heavily on the size, growth, and timing of external finance. The papers in this symposium volume assume the following: (a) that structural adjustment efforts in most African countries will be intensified and strengthened; (b) macroeconomic imbalances and microeconomic distortions will be minimized if not eliminated; (c) trade, investment policies, and regulatory framework will be streamlined; (d) private savings and investment will be encouraged through financial liberalization; and (e) public investment programs will complement private sector initiative and concentrate on infrastructural deficiencies and human resource development. This volume restates only the essential ingredients of a strategy for resuming growth.

Keywords

Debt service, Export credit agencies, External financing

Publication Date

1991

Was this content written or created while at IBA?

No

Series

World Bank Symposium

Author Affiliation

Dr. Ishrat Husain worked as Division Chief, Debt and International Finance at World Bank, Washington, D.C. at the time of this title's publication

Recommended Citation

Husain, I., Underwood, J., & International Bank for Reconstruction and Development. (1991). African external finance in the 1990s. Retrieved from https://ir.iba.edu.pk/faculty-research-books/60