Africa: Domestic Resources and Diversification Key to Africa's Economic Growth - UN Official

27 October 2010

African countries must mobilise domestic revenue and diversify their economies to supplement resources that flow into the continent from foreign aid, loans and investment to sustain growth during the global financial crisis, the head of the United Nations Economic Commission for Africa (ECA) said today.

Fiscal consolidation and austerity measures in key developed economies could result in reduced global demand and a "double dip" recession with direct implications for Africa's export earnings and for much-needed official development assistance, said Abdoulie Janneh, Executive Secretary of the ECA.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.