Africa: Participants discuss impact of FDI

The paper, which was co-authored by the AfDB’s Results and Quality Assurance Department (ORQR) Principal Economist, Gaston Gohou and Laval University Professor, Issouf Soumaré, attempted to assess the crash of FDI on welfare across Africa.

Given the important disparities in development, African countries need continuous flows of foreign investment in order to stimulate their economies and thus trigger reductions in poverty levels. Also, the attainment of the MDGs will contribute to improved human development, especially poverty reduction.

Unfortunately, at present, most African countries are off-track on meeting their goals and they require significant levels of capital investment to help them get back on track. One main source of this capital investment is Foreign Direct Investment (FDI), since in most African countries; the private sector is seen as being a principal driver of growth. FDI will therefore play a critical role in the achievement of these goals.

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