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"In response to the global financial crisis of 2008–09, banks radically cut back on lending, especially for long-term projects. Governments worldwide, gambling on a big positive multiplier effect on aggregate demand, increased fiscal spending throu…
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"Quantifying the cost of funding adaptation to climate change (‘adaptation finance’) is difficult. There is a broad range of estimates, with the UN suggesting an annual requirement of $49–171 billion by 2030. The issue becomes more complicated when…
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"This paper seeks to explore Zimbabwe’s growing relationship with China. This will be done by giving a brief overview of the deepening political relations. The paper will then analyse economic and commercial ties between the two nations and the impa…
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"There is a huge research gap in understanding the channels through which the trade, investment and aid relations between these Asian countries and Africa affect these sub-sectors and also their resultant impact on economic growth and poverty reduc…
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"The relationship between The Gambia and Taiwan has been cordial and multifaceted, since the resumption of diplomatic relations in 1995. It is based on shared common understanding and mutual respect. These have been shaping the relations of the tw…
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"The lessons drawn here have been extracted from broader studies which have analyzed the China-Africa relations. However, in order to assess their validity to the Tanzanian case it is important, therefore, to commission a country study which will l…
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"While mindful of the potentially positive consequences of globalization for Africa, this paper posits that conscious policies are required to ensure that trade openness and increased private capital inflows lead to enhanced and sustained growth. De…
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"This paper summarizes the macroeconomic consequences of an over-valued currency. It describes the extent of foreign exchange misalignment in Ethiopia and its impact on the foreign exchange rate and the premium obtained through commodity smuggling i…
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"This paper develops an empirical model for Ghana’s real exchange rate with special focus on foreign aid. The novelty of this study is the interfacing of exports with a policy environment, using aid as proxy, to see how it affects export performanc…
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"This study investigates the prices of tied foreign aid imports by estimating the price differentials between tied aid imports and non-aid imports from bilateral sources to Ghana. The study finds a significant mark-up on the prices of tied aid impo…
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This newsletter contains four articles and three brief reports: Ian M. Hume’s article discusses the World Bank and its assistance to Africa. It gives a general outline of the Bank and its structural framework and structure of operations before focus…
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"The Global Fund to Fight AIDS, Tuberculosis and malaria is a public-private partnership established in 2002 to mobilize and disburse resources to prevent and treat HIV/AIDS, TB and malaria in mid and low income countries in parts of Africa, the Car…
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"The objective of the Citizen Entrepreneur Mortgage Assistance Equity Fund (CEMAEF) is to mitigate the process whereby citizen investments in commercial/industrial properties and land facing foreclosures by the lending institutions are easily acquir…
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This paper estimates an earnings function where the dependent variable is a mix of point and interval data using an interval regression model based on a pseudo-maximum likelihood estimation procedure. The analysis uses the 1999 OHS, and takes into…
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Despite the international recognition and praise that South Africa received in 1994 for organizing its first free and fair, multiracial presidential elections, the country continues to exhibit increasing signs of state fragility on a number of diffe…
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The crisis in Algeria, now a decade old, is not merely a consequence of the interruption of the December 1991 elections by an army-backed coup to keep the Front Islamique du Salut (FIS: Islamic Salvation Front) from power. It is also an economic cri…
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"With China’s increasing role in Africa, the issue of aid to Africa has been high on the China–EU agenda and the subject of considerable debate. This occasional paper focuses on one area of potential co-operation, i.e. China’s and the EU’s aid poli…
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"This paper compares the terms of a selection of infrastructure aid contracts entered into by the government of Mali with both ‘traditional’ and ‘non-traditional’ donors. It asks whether these forms of aid, conventionally considered to be dichotomou…
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This newsletter contains several articles and brief reports. Sir Arthur Snelling’s article presents a “a personal view of Africa” which does not represent the views of the British Government, which at present differ more about policy towards South …
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"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 ne…
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