Africa told to mobilise its own resources

    By admin -
    45
    695

    African countries have been urged to be more inward-looking when mobilising financial resources needed to fund development activities in the region.


    Speaking during a group discussion on how to mobilise resources, delegates to the second NEPAD multi-stakeholders dialogue criticised what they say is too much dependence on external donors in funding development programmes.

    They said despite a big increase in Overseas Development Assistance (ODA) to Africa it is not sensible to count on external donor assistance as there is a gap between what is promised and what is provided.

    Felix Ndukwe of the African Development Bank (AfDB) said for Africa to truly own its development agenda it must find a way out of donor dependence.

    He called for the expansion of Africa’s tax base to include more taxpayers than is now the case in the continent.

    “We need to expand the tax base, develop capital and financial markets within the African continent as well as creating a conducive micro-economic environment for foreign direct investments to flow in,” he said.

    Dr. Tajudeen Abdul-Raheem, deputy director for Africa for the United Nations Development Program (UNDP) expressed astonishment at the readiness of some African governments to fund wars without seeking external financial support.

    “It is an interesting scenario where governments think inward when it comes to funding wars. But when it comes to education and health they seek external support saying there is no funding”.

    He said such political will in funding wars should be shifted into funding development programmes for sustainable growth in Africa.

    However, he cautioned that once resources are mobilised domestically there is a need to observe good governance to ensure that mobilised resources are used for the intended goals.

    Abdul-Raheem said absence of good governance might demoralise those spearheading the efforts to mobilise domestic resources.

    Earlier during the dialogue, lack of resources was mentioned as one of the major obstacles in implementing NEPAD programmes.

    Source : nepad news, novembre 3, 2006

    RELATED ARTICLESMORE FROM AUTHOR

    45 COMMENTS

    4. … [Trackback]

      […] Info on that Topic: news1.ahibo.com/2006/11/03/africa-told-to-mobilise-its-own-resources/ […]

    6. … [Trackback]

      […] Find More here to that Topic: news1.ahibo.com/2006/11/03/africa-told-to-mobilise-its-own-resources/ […]

    8. … [Trackback]

      […] There you will find 19652 more Information on that Topic: news1.ahibo.com/2006/11/03/africa-told-to-mobilise-its-own-resources/ […]

    11. … [Trackback]

      […] Find More Information here on that Topic: news1.ahibo.com/2006/11/03/africa-told-to-mobilise-its-own-resources/ […]

    24. Greetings! Quick question that’s completely off topic.
      Do you know how to make your site mobile friendly? My web site looks weird when viewing from my iphone4.

      I’m trying to find a template or plugin that might
      be able to fix this issue. If you have any recommendations, please share.
      Cheers!

    37. … [Trackback]

      […] There you will find 70339 more Information to that Topic: news1.ahibo.com/2006/11/03/africa-told-to-mobilise-its-own-resources/ […]

    45. I’ve been exploring CBD or best thc gummies for sleep looking for a while, and this article in reality resonated with my own experience. CBD has helped me discontinuance cool-headed, sleep better, and manage emphasis on in a genuine approach without that despondent or “foggy” feeling. I’ve tried oils, gummies, and full-spectrum blends each works differently depending on the moment. The key in the service of me was consistency and quality: in the good old days I switched to natural, lab-tested brands, the results became more noticeable. It’s not a magic drug, but it can be a real take up the cudgels for for loony make up for and portion recovery.

    LEAVE A REPLY