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Remittances to Africa: Dynamics, opportunities and challenges

For several years, the African Bank of Development (AfDB), in collaboration with the African Union Commission and the Economic Commission for Africa, has raised the issue of Domestic Resource Mobilization, particularly in the 2010 edition of its African Economic Outlook (AEO), which focused on this theme in a keynote article. The aim was to sensitize African decision-makers and public authorities on the need for better channeling of domestic saving, to optimize national resources, both public and private, and to focus allocations to economically and socially productive investments. In raising the profile of Domestic Resource Mobilization as a developmental issue, the AfDB Group and its partners were motivated in particular by the major financial challenges confronting the continent in order to achieve the Millennium Development Goals (MDGs).

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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