Regional Outreach of the Intergovernmental Committee of Experts on Sustainable Development Financing: statement by Carlos Lopes UN Under-Secretary-General and Executive Secretary of ECA
The financing requirements for sustainable development in Africa have been estimated at US$ 200 billion annually. Since domestic savings and external capital flows have often fallen below the levels needed to bridge the financing gap, many African countries have resorted to external directly in the financial markets. As development aid continues to decline it is probable this trend will be looked attractively but the 3% public debt rise in just one year is an indication it is not sustainable.
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| Format: | Speech biblioteca |
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| Language: | eng |
| Published: |
2014-05
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| Online Access: | https://hdl.handle.net/10855/46897 |
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