Innovative Financing for the Economic Transformation of Africa
Author :
Publisher :
Page : 187 pages
File Size : 36,15 MB
Release : 2015
Category :
ISBN : 9789994462520
Author :
Publisher :
Page : 187 pages
File Size : 36,15 MB
Release : 2015
Category :
ISBN : 9789994462520
Author : Steve Kayizzi-Mugerwa
Publisher : Cambridge Scholars Publishing
Page : 402 pages
File Size : 30,87 MB
Release : 2018-04-18
Category : Business & Economics
ISBN : 1527509656
This book derives from a symposium held at Cornell University in April 2014. The symposium explored development financing, which has become an important area of policy discussion in Africa and other developing areas in recent years. Using multifaceted and multidisciplinary analytical approaches, it considers the role of the banking system, the stock market, credit access, external aid, and sovereign wealth funds in the evolving development finance architecture. Further, the volume looks at China’s role as an aid donor, the impact of BRICs partnerships in South Africa, the role of NEPAD in mobilizing resources for infrastructure development, and the links between law, trade, and regional integration. The study concurs with previous analyses that greater access to credit by the poor represents the most effective way of fighting poverty and raising the standards of living in Africa. Cornell’s Institute for African Development and the African Development Bank were cosponsors of the 2014 symposium.
Author : Suhas Ketkar
Publisher : World Bank Publications
Page : 220 pages
File Size : 24,28 MB
Release : 2008-09-29
Category : Business & Economics
ISBN : 082137706X
Developing countries need additional, cross-border capital channeled into their private sectors to generate employment and growth, reduce poverty, and meet the other Millennium Development Goals. Innovative financing mechanisms are necessary to make this happen. 'Innovative Financing for Development' is the first book on this subject that uses a market-based approach. It compiles pioneering methods of raising development finance including securitization of future flow receivables, diaspora bonds, and GDP-indexed bonds. It also highlights the role of shadow sovereign ratings in facilitating access to international capital markets. It argues that poor countries, especially those in Sub-Saharan Africa, can potentially raise tens of billions of dollars annually through these instruments. The chapters in the book focus on the structures of the various innovative financing mechanisms, their track records and potential for tapping international capital markets, the constraints limiting their use, and policy measures that governments and international institutions can implement to alleviate these constraints.
Author : United Nations. Economic Commission for Africa
Publisher :
Page : 39 pages
File Size : 21,35 MB
Release : 2017
Category : Africa, West
ISBN :
Author : Uchenna R. Efobi
Publisher : Springer
Page : 456 pages
File Size : 36,50 MB
Release : 2018-05-15
Category : Business & Economics
ISBN : 3319788434
This edited volume provides a critical evaluation of financing options for sustainable development in Africa. While sustainability has long been the watchword for development programs, and while many African countries have taken initiatives to develop integrated frameworks that tackle developmental challenges—including poverty, education, and health—financing has remained a challenge. In this book, an expert team of chapter authors examines new financing options while also exploring how traditional financing means, such as foreign aid and foreign direct investment, can be more effective for sustainability. The authors discuss how African nations can build adequate structures and productive capacity to create a platform that can meet present economic, social, and environmental needs without compromising the ability of future generations to meet their own needs. Practical case studies and scientific evidence give this book a unique approach that is both qualitative and quantitative. This book will be of interest to students, practitioners, and scholars of development studies, public policy and African economics.
Author : United Nations Publications
Publisher : Economic Report on Africa
Page : 0 pages
File Size : 40,34 MB
Release : 2021-05-05
Category : Political Science
ISBN : 9789211251395
This publication examines the role of innovative finance for business sector development as a pathway to financing and achieving Africa's sustainable development and Agenda 2063. It articulates how innovative sources of finance can be utilized to finance Africa's business sector development, taking into account innovations in the financial services sector and financial technologies as one of the main mechanisms for transitioning African countries to inclusive economic growth and sustainable development. The publication further provides strategic guidance to the business sector decision makers and policy makers in Africa on critical regulations and measures needed to be deployed for the creation and use of innovative financing mechanisms by the private sector to leverage increased investment and financing of SDGs/infrastructure, enhanced productivity, job creation and prosperity.
Author : Vereinte Nationen Wirtschaftskommission für Afrika
Publisher :
Page : 39 pages
File Size : 37,37 MB
Release : 2017
Category :
ISBN :
The purpose of this report is to identify challenges and opportunities linked to the financing of structural transformation in West Africa. It thereby serves to analyse the role that may be played by innovative financing mechanisms in that context, having regard to the slower growth seen every year in Africa because of poor infrastructure quality. The report also highlighted some major sources of financing in West Africa and related challenges. An emerging middle class points to new consumption patterns and thereby gives added importance to the question of infrastructure financing. The country diagnostic study of infrastructure indicates that infrastructure needs in sub-Saharan Africa would amount to more than $93 billion yearly over the next 10 years with a financing shortfall of more than $50 billion. Increased weight is given to these issues by the Sustainable Development Goals.
Author : Cush Ngonzo Luwesi
Publisher : Springer Nature
Page : 226 pages
File Size : 32,50 MB
Release : 2023-10-28
Category : Business & Economics
ISBN : 303138234X
Water has become increasingly central to addressing multiple development and environmental objectives in the course of climate change. Exploring the multiple dimensions of water governance, policy and management in a holistic way is thus imperative for financial innovations to take place in the water sector. This book constitutes, first of all, a reference document allowing African managers and policymakers to broaden their knowledge of financing strategies and tactics in order to raise funds for water services provision and water resources development. Additionally, the book reviews the agenda on water and sanitation services in order to ensure water resources development has a place in funding structures. The book presents and discusses contemporary instruments of financing water services and water resources development in Africa. In this regard, three major thematic areas are recognized as key: Coverage of the legal and institutional contexts pertaining to water financing innovations; an assessment of economic mechanisms and principles subtending financial innovations in the water sector; and applications of innovative water financing mechanisms based on scale formation and adoption practices. This book highlights the principles of economic profitability and financial sustainability to enable creditworthiness and a snowball effect of borrowing, and will be of interest to researchers, policymakers, and academics, as well as development agencies and financiers of sustainable development and environmental (Blue and Green) economies.
Author : Samuel Munzele Maimbo
Publisher : World Bank Publications
Page : 325 pages
File Size : 29,35 MB
Release : 2011-09-07
Category : Business & Economics
ISBN : 0821387979
Financing Africa takes stock of Africa's financial systems in light of recent changes in the global financial system --including the greater risk aversion of international investors, a shift in economic and financial powers towards emerging markets and the regulatory reform debate - and the increasing role of technology. Using a wider and more detailed array of data than previous publications, we observe a trend towards financial deepening, more stability and more inclusion leading up to the crisis; serious challenges, however, continue, including limited access to financial services, focus on short-term contracts and hidden fragility, related to weak regulatory frameworks, undue government interference and governance deficiencies. Our policy analysis therefore focuses on (i) expanding outreach, (ii) fostering long-term finance and (iii) improving regulation and supervision. We identify the positive role of innovation and competition, a stronger focus on non-traditional financial service providers, and more emphasis on demand-side constraints as priority areas for policy actions. Specifically, competition from new players outside the banking system, including telecomm companies can increase outreach with technological innovation that changes the economics of retail finance. Moving beyond national stock exchanges that are not sustainable in most African countries towards regional solutions and over-the-counter trades can help foster long-term finance, as can addressing governance challenges in contractual savings institutions, including life insurance companies and pension funds. Finally, there is a need to look beyond supply-side constraints towards users of financial services, focusing more on financial literacy of households and firms, but also consumer protection. In formulating policy messages, we carefully distinguish between different country groupings, differentiating -- among others -- between low- and middle-income and small and larger economies, with a special focus on resource-based economies and post-conflict countries. This book reaches out to both policy makers concerned about a more inclusive and effective financial system and other stakeholders, including practitioners and development partners. With this book we aim to contribute to the on-going financial sector debate on Africa, with the ultimate goal of faster economic development and poverty reduction.
Author : Mr.Amadou N Sy
Publisher : International Monetary Fund
Page : 61 pages
File Size : 32,79 MB
Release : 2019-02-14
Category : Business & Economics
ISBN : 1484385667
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.