If you want something done right, do it yourself. In a more than complicated and very uncertain international context where capital is becoming scarcer and more expensive, African economies desperately need to mobilize their own resources to ensure their development. Especially since they are the continent's main source of financing. Government revenue in 2021 amounted to $466 billion, compared to $127 billion in capital inflows (foreign direct investment and portfolio flows), $96 billion from remittances from diasporas, and $65 billion from official development assistance.
However, the OECD (Organisation for Economic Co-operation and Development) and the African Union (AUEU) found that government revenues have stagnated since the pandemic. African states have suffered a major shock, amplified by rising food and energy prices that have weighed on growth...
This article is for subscribers only. You still have 82% to discover.
Want to read more?
Unlock all items immediately.
TEST FOR €0.99
Already a subscriber? Log