The New International Financial Architecture and Africa

The New International Financial Architecture and Africa

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The new international financial architecture can help African countries benefit from globalization, while minimizing the risks, and foster an environment conducive to increased domestic investment and higher sustained growth. This paper highlights the progress that African countries have made in several areas of the new architecture, but it also underscores the considerable way that these countries must go to meet the requirements of the new architecture.In support of the system, the Ministry of Finance held a publicity campaign in March 2000 to make suppliers aware that payments would ... In addition, budget guidelines issued in December 2000 require that spending units present a monthly cash-flow plan, along with their ... In Cameroon, an intemationally recognized auditing agency (Emst aamp; Young) conducted an audit of procurement procedures andanbsp;...

Title:The New International Financial Architecture and Africa
Author: Mr. Saleh M. Nsouli, Ms. Françoise Le Gall
Publisher:International Monetary Fund - 2001-09-01

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