Africa: Searching New Revenue Sources Key to Financing Africa's Dev't - Report

The 2016 Economic Development in Africa Report underlined the need for searching new revenue sources to financing the continent's development activities.

Launching the report under the theme : " Debt Dynamic and Development Finance in Africa" yesterday, UN-ECA Investment Policy Section,Regional Integration and Trade Division Chief Laura Paez noted that as debt looks unsustainable in some African countries, they need to finance their development through implementing effective and efficient domestic resources mobilization as well as making use of other sources of finance such as remittances, diaspora bonds and public-private partnership.

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