Official development assistance to Africa : thematic issues
Author(s)/Corporate Author (s)United Nations. Economic and Social Council;
United Nations. Economic Commission for Africa;
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This paper examines Africa's case for additional investible resources is established on the need for the continent to extricate itself from its low development trap and to create an enabling environment for relaunching development. Substantial and timely concessional inflows were seen as a necessary condition to close the required resource gap. This case became much more compelling in light of the deterioration in continent's terms of trade, the debt problem and the transformations taking place in the mechanisms and direction of private foreign capital and Africa's inability to attract adequate volumes of these resources.