Sub-Saharan African countries continue to fall behind in terms of economic and social development. The persistence of conflict and post-conflict situations as well as the HIV/AIDS pandemic, calls for large additional transfers of resources. Aid needs to be better targeted towards countries with low incomes or special needs. It is only through the development of human and social capabilities that inequality and increased marginalization can be prevented. The creation of an African aid and development portal to provide a gateway to all development and aid projects in Africa, including those of non-governmental organizations, is proposed.
A pervasive slowdown in the world economy, aggravated by the terrorist attacks in the United States of America, has led to the lowest growth of gross world product in a decade. Gross world production grew little more than 1 per cent in 2001 and the v
Africa needs to take control over its own development strategy through a participatory and coordinated approach that involves a more effective mobilization and use of domestic financial and non-financial resources, the development of innovative and dynamic partnerships, and improved governance at both the national and multilateral levels. Better governance requires enhanced transparency, sound management of resources and a stable economic and regulatory environment.Recommendations on how to enhance the effectiveness of the UN system and multilateral institutions to support participatory development in Africa are discussed. These include the need to address coordination failures and the…
Economic growth in 2000 was unexpectedly and unusually high and widespread. The increase in gross world product exceeded the earlier forecast of 3.5 per cent and was the strongest in more than a decade. This outcome was the result of improvements in
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