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3. Domestic Public Revenues excluding Grants in $ billion) Government revenues significantly higher in 2008-2010 than in previous five years;
However, ODA flows still lower in 2010 than in 2008, and
Volatile revenues due to reliance on commodity exports
Government revenues significantly higher in 2008-2010 than in previous five years;
However, ODA flows still lower in 2010 than in 2008, and
Volatile revenues due to reliance on commodity exports
4. Total Private External Capital Flows ($ billion) Overall increase in FDI and other private capital flows over the decade
However, this increase is not large; FDI still below its 2008 values
Undiversified type of investments – mostly in extractive industries
Overall increase in FDI and other private capital flows over the decade
However, this increase is not large; FDI still below its 2008 values
Undiversified type of investments – mostly in extractive industries
5. Remittances in Africa ($ billion) Solid and resilient source of revenues for African economies;
Official statistics are likely to underestimate remittances flows;
Africa represents a small share in total remittances towards developing countries.
Solid and resilient source of revenues for African economies;
Official statistics are likely to underestimate remittances flows;
Africa represents a small share in total remittances towards developing countries.
6. Development Assistance ($ billion) Donors have remained engaged in Africa: ODA disbursements significantly higher in 2008-2010 than in previous five years;
ODA flows have continued rising during and after the crisis.
Donors have remained engaged in Africa: ODA disbursements significantly higher in 2008-2010 than in previous five years;
ODA flows have continued rising during and after the crisis.
7. Overall development resources ($ billion) African development finance proves resilient and is close to its 2008 level of performances
African development finance proves resilient and is close to its 2008 level of performances
8. ODA: commitments made vs effective disbursement G8 Gleneagles 2005 (in $ billion) The commitments made in Gleneagles (2005) were not met:
The international community did not reach the global target ($149 bn) ;
Africa did not get its share (50%) – ODA gap for Africa $18.9 bn (2010 prices)
The commitments made in Gleneagles (2005) were not met:
The international community did not reach the global target ($149 bn) ;
Africa did not get its share (50%) – ODA gap for Africa $18.9 bn (2010 prices)
9. ODA/domestic resources compared to GDP per capita Low income economies suffer from a high level of aid dependency, due to insufficient domestic resource mobilization
Low income economies suffer from a high level of aid dependency, due to insufficient domestic resource mobilization
10. ODA allocation based on income per capita They also get less aid per capita than middle income economies due to limited absorptive capacities
If they would get the same amout of aid per capita (straight line)… They also get less aid per capita than middle income economies due to limited absorptive capacities
If they would get the same amout of aid per capita (straight line)…
11. ODA allocation based on income per capita …their level of aid dependency would increase for LICs and decrease for middle income economies
…their level of aid dependency would increase for LICs and decrease for middle income economies
12. Conclusions