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By Ishrat Husain, John Underwood

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Extra resources for African External Finance in the 1990s (World Bank Symposium)

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The latest edition is available free of charge from the Publications Sales Unit at the address in the copyright notice or from Publications, World Bank, 66, avenue d'Iéna, 75116 Paris, France. Library of Congress Cataloging-in-Publication Data African external finance in the 1990s / edited by Ishrat Husain, John Underwood.  - (A World Bank symposium) Includes bibliographical references.  3.  II.  Series. 3'435'096c20 CIP Page iii FOREWORD Most African governments and donors now broadly agree that achieving sustained economic growth depends not only on continuing economic and financial policy reforms but also on a wide array of other action needed to deal with long-term development problems.

From its perspective, the World Bank is concerned with ensuring that limited aid resources are allocated where and when they are most needed to support reform and growth. To this end, the World Bank has since 1987 chaired a partnership of donors and creditors that seeks to coordinate and channel assistance to Sub-Saharan Africa. Within this frameworkthe Special Program of Assistance, or SPAdonors and creditors meet twice yearly to review the performance of low-income heavily indebted African countries and to monitor the financing requirements, including debt rescheduling and write-offs, of countries where reform programs are strong enough to merit SPA support.

Within this frameworkthe Special Program of Assistance, or SPAdonors and creditors meet twice yearly to review the performance of low-income heavily indebted African countries and to monitor the financing requirements, including debt rescheduling and write-offs, of countries where reform programs are strong enough to merit SPA support. Through the SPA, donors and creditors allocate additional adjustment support where it is needed, report on collective efforts to improve aid quality, and discuss development issues linked to adjustment.

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