1945

Mobilizing private finance for investment in LDCs

In the course of the 1980s and 1990s, many LDCs have pursued economic reform programmes aimed at the restoration of fiscal balance and the establishment of an enabling environment for investment. In a number of these countries, reform packages, coupled with favourable commodity prices and good weather, have in recent years contributed to increased growth rates and enhanced foreign investment. Some countries, such as Angola and Mozambique, have recorded significant increases in inflows of FDI since the beginning of the decade, while others, such as Cambodia, the Lao People’s Democratic Republic, Uganda and the United Republic of Tanzania, have seen a turnaround since 1993–1994.

Related Subject(s): Economic and Social Development
/content/books/9789210451338s005-c003
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