The establishment of an African monetary fund : structure and mechanism : a technical feasibility study
The need for an autonomous African monetary and financial institution was stressed in the Lagos Plan of Action for the economic development of African 1980-2000, which called for the establishment of mechanisms to ensure the complete restructuring and reorientation of the policies and programs of monetary and financial institutions imported into Africa in such way as to integrate them better in the development objectives of each country. An African Monetary Fund is considered the most effective institution of this purpose. The study represents consolidated perspective of the issues, concepts and mechanisms for the establishment of the African monetary fund, and is the result of fruitful and close collaboration among the participating secretariats. The study brings together, in somewhat simplified form, the very complex and sometimes controversial issues relating to money and finance as critical aspect of socio-economic development in Africa. It demonstrates that the establishment of an African Monetary Fund, while not panacea for Africa's monetary and financial ills, will undoubtedly promote tie creation of sound monetary system in Africa.
| Format: | Technical paper biblioteca |
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| Language: | eng |
| Published: |
1985-02
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| Online Access: | http://hdl.handle.net/10855/15047 |
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