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Think Small: The Example of Small Grants, in Madagascar

"Small grants are out of fashion – in big countries. As G8 industrialised nations move towards their target of doubling foreign aid to Africa by 2010, development policy has been revamped to accommodate a steep increase in aid budgets. Big money ...

Making the Millennium Challenge Account Work for Africa

President Bush has been rightly lauded for his visionary initiative to establish a Millennium Challenge Account (MCA) that would increase U.S. resources directed toward the most promising development investments. The administration's proposal to u...

SAIIA Southern Africa Record no 63

This Southern Africa Record contains the following texts: AFRICA – GENERAL: African Charter for Popular Participation in Development and Transformation, Arusha, Tanzania, 12-16 February 1990; The Abidjan Declaration on Debt Relief, Recovery and De...

Doing business in Latin America

Economic growth in Latin America has been cyclical. Unsustainable growth rates have earned the region a reputation of being an unstable long-term investment destination. Despite this, enormous business potential exists in Latin America. There are ...

Growth and Foreign Debt: The Ugandan Experience

"This paper analyses Uganda’s external debt problem. Like many other countries in the sub-Saharan Africa, Uganda is a severely indebted low-income country. Uganda’s total debt stock at end June 1993 was estimated at US$2.64 billion, with a debt ...

Botswana's Debt Sustainability: A Brief Narrative

" This paper examines the financial and by extension the economic sustainability of the existing debt using non-technical analysis and a simplified narrative.The motivation of this note was to shed light on the extent to which one should worry ab...

Final Report for African Economic Research Consortium (AERC) Collaborative Research Project on Impact of China-Africa Aid Relations: the Case of Sudan

"This project provides an in-depth case analysis of Chinese aid and development assistance as well as international aid to Sudan and explains that aid constitutes one of the key channels through which the impact of China economic growth are transm...

Macroeconomic Approach to External Debt The Case of Nigeria

"One of the greatest problems facing many Sub-Saharan African countries today is the amount of their external indebtedness. The external debt problem is becoming more acute for a number of reasons. First, the size of the debt relative to the si...

The Lomé Convention: Where is it heading?

The Lomé convention governs relations between 70 African, Caribbean and Pacific countries, all former colonies of members of the European Union. Most of these countries are in Africa. This update looks at the reasons for the existence of the Con...

Development Without Aid

Particularly prevalent among African officialdom, there is a disturbing mindset, that somehow development is impossible without the intervention of foreign aid. The former President of the Republic of Zambia, Kenneth Kaunda, wept before the Genera...

Creating and Wasting Fiscal Space: Zambian Fiscal Performance 2002–2011

"Following three decades of economic mismanagement and decline, Zambia has experienced sustained economic growth since the turn of the century. The combination of rapid growth, reduced public expenditure, increased mining taxation and debt relief ...

The ZIPAR Quarterly Issue 2

In ‘Eurobonds: Weighing Risks against gains’ there has been recent media speculation about the government issuing another Eurobond – the third in two years. This has resulted in apprehensions in some quarters of the economy regarding the risks ass...

Harnessing Zambia’s External Debt for Development

"In recent times there has been debate on Zambia’s steadily growing external debt. This comes in the wake of debt relief efforts of the Highly Indebted Poor Country (HIPC) and Multilateral Debt Relief (MDR) initiatives which saw a reduction of th...

Is Sudan's Public Debt Sustainable? Preliminary Assessment

The motivation of this study is the recently launched global agenda of SDGs goals (17.4) that proposes to “ Assist developing countries in attaining long-term debt sustainability; this is to be attained through coordinated policies aimed at foster...

Liquidation Of The TOR Debt: Why Securitization Is A Better Option Than Recovery Through Petroleum Prices

"The Legislative Alert argues the current system of levying taxes through fuel price to pay the Tema Oil Refinery Debt is seriously flawed. Not only is the process cumbersome and inefficient, but it also puts an unnecessary burden on consumers. Th...

Africa Can And Must Overcome Its Addiction To Foreign Aid

"This Legislative Alert draws attention to African countries’ addiction to foreign aid. It points out that this has not entirely helped the continent’s development because aid has been inadequate and has increased Africa’s indebtedness with consid...

The Perils Of “A Guggisberg Economy”

"More than half a century after independence, the Ghanaian economy remains dependent on cocoa and gold for its survival. The country has failed to diversify the economy's production base all these years. In essence, the economy has retained its c...

Overcoming Africa’s Addiction To Foreign Aid: A Look At Some Financial Engineering To Mobilize Other Resources

The paper points out that African countries have become addicted to foreign aid. This has not, however, entirely helped their development because not only has aid been inadequate but it has also increased Africa’s indebtedness with considerable se...

The Heavily Indebted Poor Country Initiative: Processes And Issues

"This paper analyzes the Heavily Indebted Poor Countries' Initiative (HIPC) with a focus on the experiences of countries such as Uganda and Bolivia that have had the most experience with the program. It was written at a time when Ghana was conside...

Macroeconomic Policy Impacts on the fight against HIV/AIDS in Ghana

"The HIV/AIDS pandemic has been perhaps the worst health challenge in recent history killing approximately 22 million people. In 2005, 3.1 million people died of AIDS related illnesses; an estimated 2 million come from Sub-Saharan Africa. Signific...

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