African external finance in the 1990s

African external finance in the 1990s


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.

Publication Date


Was this content written or created while at IBA?



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

African external finance in the 1990s