Economic Report on Africa 2006 : Capital Flows and Development Financing in Africa

Capital flows to Africa in the form of aid, remittances and foreign direct investment have increased considerably over the past four years.

However, they are unevenly distributed among countries.

In addition, capital flows to Africa are highly volatile and unpredictable, increasing macroeconomic uncertainty and undermining government's ability to design and sustain long-term development plans.

The 2006 edition of the Report places capital flows at the centre of the debate on development financing and examines how external capital can help countries accelerate growth and reduce poverty.

Publishing Agency: United Nations (UN).