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The African monetary Outlook 2009 studies the hot financial scenario and predicts the temporary evolution of forty seven African nations which account for ninety nine% of the continent's financial output and ninety seven% of its inhabitants. The Outlook is drawn from a country-by-country research in keeping with a different analytical layout. This universal framework contains a forecasting workout for the present and the 2 following years, utilizing an easy macroeconomic version, including an research of the social and political context. This Overview incorporates a comparative synthesis of African nation clients, putting the evolution of African economies on the earth financial context. additionally it is a piece on innovation and knowledge and conversation applied sciences (ICTs) in Africa, offering a accomplished overview in their proliferation and use at the African continent, in addition to a statistical annex. A URL is equipped for linking to the full-length nation notes.

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See AEO 2008 report. 32. OECD DAC (2009), op. cit. 33. html 34. OECD DAC (2009), op. , pp. 89-99. 35. For more information, OECD DAC (2009), op. , pp. 92-93. 36. 12. © AfDB/OECD 2009 African Economic Outlook 35 Overview also in May 2008 DAC members agreed to expand the coverage of the recommendations to eight heavily indebted poor countries (HIPCs) that are not LDCs. However, progress towards ownership seems to be uneven among partners and donors and often remains narrowly based within partner countries.

Pp. 95. 39. 13. 40. OECD DAC (2009), op. , pp. 96-97. 41. OECD DAC (2009), op. , p. 10. 42. 86. African Economic Outlook © AfDB/OECD 2009 Overview Box 5 - How Does Africa Fare in Making Aid More Effective? How far from the 2010 targets? Progress on track Key factors for aid effectiveness How does Africa fare? Significant improvements in providing technical co-operation in a co-ordinated and aligned manner For indicator 4, the 2008 survey shows that globally, the target has already been exceeded from 48 per cent in 2005 to 60 per cent in 2007.

Thus, about USD 21 billion of the USD 50 billion promised by 2010 has already been delivered or has been planned. This leaves nearly an additional USD 30 billion in 2004 dollars - about USD 34 billion in 2007 dollars to be programmed into donors’ aid budgets if their aid commitments for 2010 are to be achieved10. The severity of the economic crisis in major donor countries reinforces doubts on whether aid commitments will be respected. The World Bank and the IMF11 recently estimated that the current aid gap for Low Income Countries (LICs) is between USD 20 to USD 25 billion taking into account the impact of the global financial crisis.

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