The Journal of Modern African Studies


Funding the African-Development Multiplier

Sayre P. Schatz*

There is broad international agreement on Africa's need for enhanced external financing. The United Nations unanimously adopted an unprecedented Programme of Action for African Economic Recovery and Development in 1986, which entailed, on the African side, explicit recognition of significant responsibility for poor economic performance and of the need for policy reform, and on the Northern side, an acceptance of responsibility for greater funding.


* Professor of Economics, Temple University, Philadelphia, Pennsylvania. This article stems from Sayre P. Schatz, ‘Financing of the Implementation of the United Nations Programme of Action for African Economic Recovery and Development’, a paper prepared for the International Conference on ‘Africa: the Challenge of Economic Recovery and Accelerated Development’ held in Abuja, Nigeria, 15–19 June 1987, at the invitation of Adebayo Adedeji, Executive Secretary of the U.N. Economic Commission for Africa.