Economic Recovery in Africa

1. Front Matter

   Pages i-xviii

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2. Introduction

   • Vijay S. Makhan

   Pages 1-7

3. A Survey of Africa’s Economic Performance in the Post-Independence Period

   • Vijay S. Makhan

   Pages 8-34

4. The Paradox of Financial Flows

   • Vijay S. Makhan

   Pages 35-60

5. New Priorities for Foreign Aid

   • Vijay S. Makhan

   Pages 61-76

6. New Perspectives on Aid Delivery and Development Management

   • Vijay S. Makhan

   Pages 77-87

7. Conclusion

   • Vijay S. Makhan

   Pages 88-102

8. Back Matter

   Pages 103-261

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African countries have experienced modest economic recovery during the 1990s. But these countries are caught in a vicious circle in which the existing economic structure cannot generate enough savings and export earnings needed to finance their development and mount a sustained assault on widespread poverty. Yet foreign aid has been cut back sharply and the continent receives only a trickle of foreign investment flows. New policy regimes are now in place, creating the right environment for external financing to make a major difference. Development finance is one of the foremost challenges facing African countries and the international community in the new century.

• development
• Development Finance
• earnings
• environment
• finance
• investment
• management
• Poverty
• science and technology

Ambassador VIJAY S. MAKHAN is a career diplomat of Mauritius. He was Secretary for Foreign Affairs of his country up to 1995 when he was elected Assistant Secretary General of the OAU. He was re-elected in July 1999. Besides a number of papers, he has authored Policy Consensus Strategy Vacuum, A Pan-African Vision for the Twenty-first Century.

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