The New International Financial Architecture and Africa

Le Gall, Françoise; Nsouli, Saleh M.

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The New International Financial Architecture and Africa

IMF Working Paper No. 01/130

33 Pages Posted: 2 Feb 2006

See all articles by Françoise Le Gall

Saleh M. Nsouli

International Monetary Fund (IMF)

Date Written: September 2001

Abstract

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.

Keywords: Africa, globalization, international financial architecture

JEL Classification: F02, F3

Suggested Citation: Suggested Citation

Le Gall, Françoise and Nsouli, Saleh M., The New International Financial Architecture and Africa (September 2001). IMF Working Paper No. 01/130, Available at SSRN: https://ssrn.com/abstract=879901