Development financing in Africa

Abstract

Africa remains a continent with urgent development needs, but it is now also a continent that is relying more on its domestic resources and where international support will be channeled for structural transformation and inclusive growth. African Governments know that they are responsible for their countries’ development and that financing for development is as much about their own actions as it is about international support. The present paper concerns with the mobilization of domestic and external resources for Africa's structural transformation.The credibility of the financing for development agenda will rest on all means of implementation, which includes not only financial resources, but institutional capacity-building, trade and technology transfer, and systemic issues such as the governance of international financial institutions.