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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:International investment capital and the future of growth in Africa
Author:Idris, Aminu K.
Periodical:Nigerian Journal of International Affairs
Geographic term:Africa
Subjects:foreign investments
economic development
Abstract:This article examines one of the critical impetuses for ensuring sustained economic growth in Africa. International investment capital is construed here as relevant to the future of growth in Africa from two perspectives. The first is the underlying imperative for delineating a context for building up such capital, by means of international safeguards and regime arrangements, such as the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID), in order to supplement the rather limited domestic sources of investment funds on the continent. The second relates to the need to enhance the efficacy of available investment capital both through the linking of such capital to sectors that have the potential of ensuring a stable foundation for sustained economic growth and development, and the pursuance of trade policies that can ensure the growth of the pertinent or relevant sector(s). Ref.