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By Ishrat Husain, John Underwood

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Corrective measures by the major players, the largest industrial countries, can help mitigate the adverse effects. Third, the prices of non-oil primary commodities are projected to decline in the 1990s, musing a stagnation or fall in export earnings, depending upon the gains from volume growth. There probably will not be a strong reversal in trends, at least in the first half of the 1990s, so any expectations about a favorable international economic environment would be misplaced. African policy makers should proceed with this base scenario in mind.

The suggestions below go beyond the improvements projected there or take account of the risk that their optimistic assumptions on concessional resource inflows may not materialize. a. 0)Note: Net disbursements on a cash basis, after rescheduling. the efficiency of investment. Nyirjesy and Johnson Sirleaf suggest ways in which African countries could take advantage of the presence of foreign banks with domestic operations to increase the efficiency of domestic resource mobilization. Since ODA resources will make up the bulk of external resource flows to the Sub-Sahara in the 1990s, more efficient use of these concessional inflows is a key factor in achieving sustainable growth.

Title : African External Finance in the 1990s World Bank Symposium author : Husain, Ishrat publisher : World Bank isbn10 | asin : 0821319264 print isbn13 : 9780821319260 ebook isbn13 : 9780585228587 language : English subject Debts, External--Africa, Sub-Saharan, Debts, External--Africa, Investments, Foreign--Africa, Sub-Saharan, Investments, Foreign--Africa, Export credit--Africa, Sub-Saharan, Loans, Foreign--Africa. 3/435/096 subject : Debts, External--Africa, Sub-Saharan, Debts, External--Africa, Investments, Foreign--Africa, Sub-Saharan, Investments, Foreign--Africa, Export credit--Africa, Sub-Saharan, Loans, Foreign--Africa.

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