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- Economic Report on Africa 2006
- Chapter
Capital flows to Africa and their impact on growth
- Author: United Nations
- Main Title: Economic Report on Africa 2006 , pp 63-98
- Publication Date: March 2007
- DOI: https://doi.org/10.18356/9050205e-en
- Language: English
Although inflows of capital to Africa have increased recently, they still fall short of the resources needed to fund attainment of the internationally agreed development goals. In both 2004 and 2005, average GDP growth in Africa reached 5 per cent, still falling short of 7 per cent, the rate required to meet the MDGs. Thus, the mobilization and more effective use of both domestic resources and international flows have been given top priority in the Monterrey Consensus. As African economies are increasingly interwoven with the global economic system, national development efforts need to be supported by an enabling international economic environment (UN 2002).
© United Nations
ISBN (PDF):
9789210598842
Book DOI:
https://doi.org/10.18356/f1705055-en
Related Subject(s):
Economic and Social Development
;
International Trade and Finance
Sustainable Development Goals:
-
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