Prelimenary evaluation of impications of Africa's participation in multilateral payments and clearing arrangements among developing countries

Abstract

This preliminary evaluation of implications of African participation in multilateral payments and clearing arrangements among developing countries relied in part as its main source of information, published books and documents, in particular, resource material of the IMF, annual reports of the IBRD papers prepared by the UNCTAD and UNECA secretariats. The study also drew heavily on. Other published materials of the West African Clearing House and the African Centre for Monetary Studies. Consideration of the main features, the role and common objectives and operational procedure of issues on multilateral clearing and payments arrangements among developing countries, both in terms of negative and positive implications is the subject of the six chapters of this study.