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How finance flows to Africa

Published on May 22, 2015

The good news is that external financial flows to sub-Saharan Africa have increased significantly over the past 20 years or so. In fact, the volume of external flows reached about $120 billion in 2012—from $20 billion in 1990. As seen in Figure 1, the composition of external flows has also changed a lot: Most of the increase in external flows to sub-Saharan Africa can be attributed to the increase in private capital flows, which are now higher than ODA. The share of ODA fell from 62 percent of total external flows in 1990 to 22 percent in 2012, and 17 countries received more foreign direct investment (FDI) than ODA in 2012. Read more. Source | Brookings