Sustainable financing of selected second development industrial decade: multinational industrial projects in African subregions

Abstract

The programme for the Second Industrial Development Decade for Africa (IDDA), 1991- 2000 is in two parts; the national and the sub regional and regional components. For the sub regional and regional components, each sub region prepared a sub regional programme with selected projects. These, together with the regional programme projects constitute the sub regional and regional component of the second IDDA. The sub regional and regional components of the second IDDA specify essential requirements for successful implementation of multinational projects. These include the mobilization of financial resources and creation of an enabling environment to promote the domestic private sector and attract foreign investment. Sub regional projects as is indeed the case even for national projects is expected to mobilize its financial resources from domestic and international sources.