A Subregional Development Bank for Southern Africa PDF Download

Author: Diana Barrowclough
Publisher: Routledge
ISBN: 0429750129
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
Southern-Led Development Finance examines some of the innovative new south-south financial arrangements and institutions that have emerged in recent years, as countries from the Global South seek to transform their economies and to shield themselves from global economic turbulence. Even before the Covid-19 crisis, it was clear to many that the global economy needed a reset and a massive increase in public investment. In the last decade southern-owned development banks, infrastructure funds, foreign exchange reserve funds and Sovereign Wealth Funds have doubled the amount of long-term finance available to developing countries. Now, as the world considers what a post-Covid-19 future will look like, it is clear that Southern-led institutions will do much of the heavy lifting. This book brings together insights from theory and practice, incorporating the voices of bankers, policymakers and practitioners alongside international academics. It covers the most significant new initiatives stemming from Asia, tried and tested examples in Latin America and in Africa, and the contribution of advanced economies. Whilst the book highlights the potential for Southern-led initiatives to change the global financial landscape profoundly, it also shows their varied impacts and concludes that more is needed for development than just the technical availability of funds. As governments and businesses become frustrated by the traditional North-dominated mechanisms and international financial system, this book argues that southern-led development finance will play an important role in the search for more inclusive, equitable and sustainable patterns of investment, trade and growth in the post-Covid landscape. It will be of interest to practitioners, policy makers, researchers and students working on development and finance everywhere.

Author: African Development Bank
Publisher: Inter-American Development Bank
ISBN:
Category : Political Science
Languages : en
Pages : 120

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Book Description
The shift of people from rural areas to cities and urban towns in developing and emerging economies is one of the most profound demographic changes happening globally. Cities all over the world offer significant opportunities to transform human well-being, catalyze economic development, and serve as incubators for new ideas. Rapid urbanization is often linked to improved economic opportunities, better access to health and education services, and improved living conditions. However, underinvestment in infrastructure and services and weak urban governance, planning and financing frameworks can undermine urbanization’s potential to serve as the engine of green and inclusive growth and development.

Author: World Bank
Publisher: World Bank Publications
ISBN: 0821380834
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
Sustainable infrastructure development is vital for Africa s prosperity. And now is the time to begin the transformation. This volume is the culmination of an unprecedented effort to document, analyze, and interpret the full extent of the challenge in developing Sub-Saharan Africa s infrastructure sectors. As a result, it represents the most comprehensive reference currently available on infrastructure in the region. The book covers the five main economic infrastructure sectors information and communication technology, irrigation, power, transport, and water and sanitation. 'Africa s Infrastructure: A Time for Transformation' reflects the collaboration of a wide array of African regional institutions and development partners under the auspices of the Infrastructure Consortium for Africa. It presents the findings of the Africa Infrastructure Country Diagnostic (AICD), a project launched following a commitment in 2005 by the international community (after the G8 summit at Gleneagles, Scotland) to scale up financial support for infrastructure development in Africa. The lack of reliable information in this area made it difficult to evaluate the success of past interventions, prioritize current allocations, and provide benchmarks for measuring future progress, hence the need for the AICD. Africa s infrastructure sectors lag well behind those of the rest of the world, and the gap is widening. Some of the main policy-relevant findings highlighted in the book include the following: infrastructure in the region is exceptionally expensive, with tariffs being many times higher than those found elsewhere. Inadequate and expensive infrastructure is retarding growth by 2 percentage points each year. Solving the problem will cost over US$90 billion per year, which is more than twice what is being spent in Africa today. However, money alone is not the answer. Prudent policies, wise management, and sound maintenance can improve efficiency, thereby stretching the infrastructure dollar. There is the potential to recover an additional US$17 billion a year from within the existing infrastructure resource envelope simply by improving efficiency. For example, improved revenue collection and utility management could generate US$3.3 billion per year. Regional power trade could reduce annual costs by US$2 billion. And deregulating the trucking industry could reduce freight costs by one-half. So, raising more funds without also tackling inefficiencies would be like pouring water into a leaking bucket. Finally, the power sector and fragile states represent particular challenges. Even if every efficiency in every infrastructure sector could be captured, a substantial funding gap of $31 billion a year would remain. Nevertheless, the African people and economies cannot wait any longer. Now is the time to begin the transformation to sustainable development.

Author: Chris Saunders
Publisher: Zed Books Ltd.
ISBN: 1780321813
Category : Political Science
Languages : en
Pages : 196

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Book Description
How successful have Southern African states been in dealing with the major issues that have faced the region in recent years? What could be done to produce more cohesive and effective region-building in Southern Africa? In this original and wide-ranging volume, which draws on an interdisciplinary team of mainly African and African-based specialists, the key political, socio-economic, and security challenges facing Southern Africa today are addressed. These include the various issues confronting the Southern African Development Community (SADC) and its institutions; such as HIV/AIDS, migration and xenophobia, land-grabbing and climate change; and the role of the main external actors involved with the region, including the United Nations, the European Union, the United States, and China. The book also looks at the Southern African Customs Union and Southern African Development Finance Institutions, including the Development Bank of Southern Africa and Industrial Development Corporation, and issues of gender and peacebuilding. In doing so, the book goes to the heart of analyzing the effectiveness of SADC and other regional organisation, suggesting how region-building in Southern Africa may be compared with similar attempts elsewhere in Africa and other parts of the world.

Author: Siphumelele Duma
Publisher: UJ Press
ISBN: 1776436008
Category : Political Science
Languages : en
Pages : 194

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Book Description
Since the beginning of decolonisation in Africa, regional integration has become one of the most potent defining characteristics of the continent’s quest for industrialisation and sustainable development. It was understood that the individual continental economies could not achieve the requisite level of industrial development to meet their respective development objectives due to the colonial policy of balkanisation, which divided the continent into small, economically unviable units. In 1992, the Southern African Development Community (SADC) adopted developmental integration, an approach to regional integration to engender industrialisation and address the region’s development challenges. This book offers a critical assessment and examination of this approach as to how it has influenced the industrialisation process in Southern Africa. If so, why has it failed to accelerate the region’s industrialisation and structural transformation process? It contributes significantly to cross-cutting development debates on the African continent, particularly in southern Africa. More importantly, in understanding the nexus between developmental integration and industrialisation.

Author: Jose Antonio Ocampo
Publisher: Rowman & Littlefield
ISBN: 0815764189
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
A Brookings Institution Press and Economic Commission for Latin America and the Caribbean (ECLAC) publication Using the experience of postwar Western Europe as a benchmark, José Antonio Ocampo and his colleagues assess how regional financial institutions can help developing countries—often at a disadvantage within the global financial framework— finance their investment needs, counteract the volatility of private capital flows, and make their voices heard. The 1997 Asian financial crisis generated extensive debate on the international financial architecture. Through this discussion, it became clear that services by financial institutions— including adequate mechanisms for preventing and managing financial crises, and instruments for safeguarding global macroeconomic and financial stability—are undersupplied. Furthermore, private international capital markets provide finance to developing countries in a way that effectively reduces the ability of those nations to undertake countercyclical macroeconomic policies. International capital markets ration out many developing countries, particularly the poorest, from private global capital markets. While these deficiencies in the financial architecture are clear, the post-1997 debate has done little to evaluate the role that regional institutions could play in improving global financial arrangements. Regional Financial Cooperation aims to fill that important gap. Contributors include Ernest Aryeetey (Institute of Statistical, Social and Economic Research, University of Ghana), Georges Corm (Saint Joseph University, Beirut), Roy Culpeper (North-South Institute, Ottawa), Ana Teresa Fuzzo de Lima (Institute of Development Studies, University of Sussex), Stephany Griffith-Jones (Institute of Development Studies, University of Sussex), Julia Leung (Hong Kong Monetary Authority), José Luis Machinea (ECLAC), Jae Ha Park (Korean Institute of Finance),Yung Chul Park (Korea University), Fernando Prada (FORO Nactional/International, Lima), Guillermo Rozenwurcel (School of Politics and Government, University of San Martin, Argentina)

Author: Noluthando Phungula
Publisher: Cambridge Scholars Publishing
ISBN: 1527563804
Category : Social Science
Languages : en
Pages : 231

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Book Description
This book contributes to the current academic debate and scholarly research on conflict transformation in the Southern African Development Community (SADC) sub-region. It will serve as a guide on how conflict recurrences can best be tackled in the sub-region, and seeks to improve the transformation process of conflict and peace-building in the Kingdom in the Sky and in the sub-region at large. The book will shed light on the road ahead for the SADC and its role in transforming conflict into positive peace and peace-building, and will contribute to discussions on the necessity of a conflict transformation model as a key tool in efforts to transform the state of recurring intrastate conflict in Lesotho. Thus, this book will also enhance the literature and discourse on sub-regional organisations and their path towards conflict transformation on the African continent.

Author: Ihsan Ugur Delikanli
Publisher: Springer
ISBN: 331991524X
Category : Business & Economics
Languages : en
Pages : 215

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Book Description
This book provides a comprehensive overview and insight of virtually all multilateral institutions involved in lending for international socio-economic development. The analysis covers twenty-five MDBs globally by classifying them in three groups based on geographical lending outreach. Unlike similar books and articles, which treat MDBs as banks, this book offers a novel perspective by addressing the specifics of multilateral lending institutions, revealing multiple aspects of their operations, going beyond the “bank” concept towards “knowledge bank,” “change agent,” and even “benchmark setter.” The book reflects on the key role of most MDBs in inspiring and advancing sustainable economic development through transfer of knowledge and funding towards addressing multiple global challenges for the benefit of practitioners, consultants, government officials, borrowers, and researchers interested in MDBs.

Author: Jose Antonio Ocampo
Publisher: Zed Books
ISBN: 9781842778623
Category : Business & Economics
Languages : en
Pages : 228

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Book Description
This publication reviews the major financing issues influencing economic development since the historic Monterrey Consensus of the International Conference on Financing for Development in 2002. It contains four main chapters under the headings of: international private capital flows; official development financing; external debt; and systemic issues.

Author: Fredrik Söderbaum
Publisher: Routledge
ISBN: 1351770233
Category : Political Science
Languages : en
Pages : 140

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Book Description
This title was first published in 2003. This volume advances our understanding of how Southern Africa is currently being reconfigured, critically examining what has been marketed as the "flagship" of the Spatial Development Initiative programme in Southern Africa: the Maputo Development Corridor (MDC). By examining a variety of cross-cutting levels of governance and development and by focusing on the nexus between the formal and informal processes that stake out the MDC, this volume contributes to a detailed understanding of what is perhaps the most important current experiment in regionalism in Africa. By engaging regional processes on the micro-level and "on the ground", there is a special emphasis on how local communities regard and respond to the Corridor initiative. All chapters in the volume are the result of extensive fieldwork in both Mozambique and South Africa, and the contributions are drawn from the region and beyond, including Botswana, Mozambique, Zimbabwe, South Africa, Sweden and the United States.