Complementary modalities for financing development in Africa

The previous chapters have shown that domestic and external debt are on the rise in Africa and that ensuring debt sustainability will pose a limit to further increases in debt. With dwindling traditional financing, the question arises as to how the increasing financing needs of the continent can be met. There is a wide range of complementary modalities of development finance that tap and leverage existing resources. These modalities range from public–private partnerships, sovereign wealth funds, remittances and diaspora bonds, GDP-indexed bonds and climate-related funds to the use of new special drawing rights allocations and international reserves, and policies stemming illicit financial flows.

Связанные Темы : Economic and Social Development