In the context of the Aid for Trade initiative, the mobilization of domestic and external finance is critical to the success in obtaining resources to finance the investment needed to meet the laudable objectives in the Millennium Declaration. This article presents the new trends in financing development in Africa and aims to discuss the challenges facing the continent in this area. The challenges arising from the increase of resources are important but not insurmountable. The countries need to allocate these resources to the productive sectors in order to improve their competitiveness and better integrate the international economy.
Journal of World Trade