Africa Notes: Increasing Investment in Africa: Lessons to Be Learned From Ghana - July 1993

Since 1988, the World Bank and other donors have invested millions of dollars in the form of technical assistance and lines of credit to bring about restructuring of the financial sectors of African countries. The overall objectives of World Bank support to the sector have been to promote balance sheet restructuring of existing institutions, increase financial deepening (the generation of diverse financial instruments to support new investment), generate wider access to project financing for viable African-owned small- to medium-scale enterprises (SMEs), and generate growth in the continent's sluggish economies.

Tamara J. Duggleby