1945

The challenge of increasing savings and boostine productive investment

Achieving high and sustainable levels of investment needed for Africa’s development will require a more balanced combination of foreign and domestic resources than has been the case until now. It is expected that more reliance on domestic resources will give countries more policy space to implement strategies that reflect their development priorities, unlike past strategies, which were donor driven. After all, African leaders are answerable to Africans, albeit imperfectly, but donors are not. The resulting increase in ownership of the development agenda should boost the efficiency of development strategies if they focus on those sectors where investment is most productive.

Related Subject(s): Economic and Social Development
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