A technical Report on Financial Institutions, Instruments and Policies in African Countries

Abstract

This report is in the near and immediate future, financial resources for promoting social and economic development in developing countries may have increasingly to come largely from domestic savings, given the current rather dim prospects of net capital inflows from abroad. In a majority of developed market economies, domestic investment as a percentage of GDP has tended to be larger than the rate of saving since 19 60, thus reducing the prospect of channeling financial resources to developing countries.