The impact of multilateral payments arrangements among developing countries on African economic development

Abstract

The purpose of this paper is to examine briefly the experience of African payments and-clearing arrangements with a view to assessing their impact on Africans social and1 economic development especially within the context of Africans Priority Programme for Economic Recovery 1986-1990 which envisages increased production of goods arid1 services for the African market. . The paper will also examine the situation and prospects for payments and clearing arrangements between. Africa and other developing countries