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A Cautionary Tale of Zambia’s International Sovereign Bond Issuances

"In recent years, Zambia has been faced with the increased need to plug huge infrastructural gaps. However, the slowing down of bilateral and multilateral financing due to austerity measures in developed economies has made the country diversify ...

Promoting Accountability Through State Audit: A Review Of The Auditor General’s Report On The Consolidated Fund 1994-1999

"Public auditing is one of the cornerstones of public sector financial accountability. Auditing involves the examination of public revenue and expenditure with the aim of ensuring that revenues collected are spent in accordance with the legal mand...

Preliminary Observations Of The Impact Of The Global Financial Crisis On The Ghanaian Economy

"The global financial crisis that emanated from the United States is the worst financial crisis since the Great Depression of the 1930s. This crisis started in late 2007 and intensified throughout 2008. From early 2008 onwards, the value of shares...

The Problem Of High Interest Rates: Don’t Control But Please Regulate

"The persistence of high interest rates in Ghana is the collective responsibility of banks, the fiscal authorities and the monetary authorities. High bank lending rates and large spreads are of particular concern, not only can they not be justifie...

Local Government Finances and Financial Management in Tanzania Observations from Six Councils, 2000-2003

"The major focus of the Formative Process Research Programme is to observe changes in local authorities in the provision of basic services to the public. Moreover, the research aims to analyse changes in local authorities’ capacity for financial ...

Local Government Reform in Tanzania, 2002-2005: Summary of Research Findings on Governance, Finance and Service Delivery

"What impact has Tanzania’s Local Government Reform Programme had on local governance, finances and service delivery? Have there been any changes over time in the provision of basic services to the public? What factors may explain distinct improve...

Financing Primary Education for All: Public Expenditure and Education Outcomes in Botswana

"This report presents the Botswana findings from a research project aiming to explore the relationship between public education spending and education outcomes at the primary level in developing countries. The overall project has explored this rel...

Nigeria’s Elections: Avoiding a Political Crisis

Nigeria’s democracy faces a crucial test. Presidential, parliamentary and state gubernatorial and assembly elections scheduled for 14 and 21 April 2007 are not a routine quadrennial ritual. Success would offer the country the first opportunity to ...

Security Sector Reform in the Congo

No issue is more important than security sector reform in determining the Democratic Republic of the Congo’s prospects for peace and development. Two particular challenges loom large: the security services must be able to maintain order during...

G-8 Preview: Bush and Allies to Discuss Repairing Their Rift and Rebuilding Iraq

The annual economic summit of eight industrialized nations, which begins June 1 in Evian, France, will provide an opportunity for President Bush to repair relations with major European countries that opposed the U.S. invasion of Iraq, particularly...

Burundi: Democracy and Peace at Risk

Since the new, democratically elected government came to power in September 2005, the first since 1993, there has been marked deterioration in Burundi’s political climate. Led by the National Council for the Defense of Democracy-Forces for the Def...

Northern Uganda: Seizing the Opportunity for Peace

With peace negotiations due to restart in the southern Sudanese town of Juba on 26 April, the ten-month-old peace process between the Lord’s Resistance Army (LRA) and the Ugandan government still has a chance of ending one of Africa’s longest, mos...

Whither the Multilateral Trading System? Implications for (South) Africa

"So far the World Trade Organisation (WTO) has acted as a constraint on the worst protectionist pressures building in the global trading system following the 2008–10 global financial crisis, which is a testament to the system’s constraining power...

Banking on Africa: Chinese Financial Institutions and Africa

The Chinese drive into the resource sector in Africa has already received much attention in the media and, increasingly, in scholarly literature. What has not been well understood is the role of Chinese financial institutions in support of the cou...

The G20 Processes and Reform Agenda: What impacts on corporate and/or trade finance?

"This paper provides an evaluation of the 2008 financial crisis and G20 reforms and their impact on trade and corporate finance. In late 2008, a sudden and severe collapse in global trade occurred as demand shocks from advanced economies affected ...

The G20 and the Restructuring of the International Economic Order: An Egypt Perspective

More than 50 years ago, the world community set about devising the institutional building blocks of an orderly social and economic world, largely in response to crises and problems of the first half of the twentieth century which had witnessed two...

Burundi: Democracy and Peace at Risk

Since the new, democratically elected government came to power in September 2005, the first since 1993, there has been marked deterioration in Burundi’s political climate. Led by the National Council for the Defense of Democracy-Forces for the Def...

Congo: Staying Engaged after the Elections

On 6 December 2006, Joseph Kabila was sworn in as the first democratically elected president since Congolese independence, concluding a landmark electoral process largely devoid of major violence or gross irregularities. Democratic governance ...

Élections au Burundi - Reconfiguration radicale du paysage politique

Les élections générales au Burundi viennent de conduire à une transformation totale du paysage politique. La victoire remarquable de l'ancienne rébellion du CNDD-FDD à tous les différents scrutins et l'élection de son candidat à la présidentielle,...

eAfrica: The Electronic Journal of Governance and Innovation, Vol 3, December 2005

This issue discusses the relevance of the Millennium development goals for Africa and why these goals will not succeed in relieving the poverty crisis in Africa. The article “Paying for Broken promises” covers the first referendum that was held i...

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