{"id":2275,"date":"2024-10-29T15:23:56","date_gmt":"2024-10-29T12:23:56","guid":{"rendered":"https:\/\/eurasialaw-journal.ru\/?p=2275"},"modified":"2024-10-29T15:23:56","modified_gmt":"2024-10-29T12:23:56","slug":"financing-structural-transformation-in-africa","status":"publish","type":"post","link":"https:\/\/eurasialaw-journal.ru\/en\/financing-structural-transformation-in-africa.html","title":{"rendered":"FINANCING STRUCTURAL TRANSFORMATION IN AFRICA AS A FACTOR OF ECONOMIC DEVELOPMENT"},"content":{"rendered":"

FINANCING STRUCTURAL TRANSFORMATION IN AFRICA AS A FACTOR OF ECONOMIC DEVELOPMENT<\/h1>\r\n
\r\n

\u2116 8 (195) 2024<\/strong><\/p>\r\n

DOI 10.46320\/2073-4506-2024-8-195-507-509 <\/strong><\/p>\r\n

Pages 507-509<\/strong><\/p>\r\n

SAENKO Alexey Nikolaevich<\/strong>
\r\njunior researcher of the Institute of Africa of the Russian Academy of Sciences<\/p>\r\n

FINANCING STRUCTURAL TRANSFORMATION IN AFRICA AS A FACTOR OF ECONOMIC DEVELOPMENT<\/strong><\/p>\r\n

The article considers such a sector of the economy as financing with the help of multilateral financial institutions and organizations. The emphasis is placed on the fact that over the past decades, multilateral financial institutions, both collectively and individually, have played a vital role in financing the economy and its development. They provided support to countries in solving major global economic problems, such as the Latin American crisis. As a result, the work identifies the role of financing in terms of supporting and strengthening economic recovery efforts in Africa, ensuring a global response during the crisis. As examples, the suspension of debt servicing on the initiative of the debt crisis settlement is considered, where the total allocation of a special loan amounted to the equivalent of 650 billion dollars. This measure was necessary to alleviate the financial and balance of payments problems faced by several developing countries, including Africa. The problems were mostly related to the consequences of the pandemic. While the global financial architecture (abbreviated GFA) has provided great assistance in recent decades, it has nevertheless failed to provide sufficient resources to meet Africa’s financial needs for structural transformation.<\/p>\r\n

Keywords:<\/strong> financing, financial institutions, economy, development factors, recovery.<\/p>\r\n

\r\n

\u2116 8 (195) 2024<\/strong><\/p>\r\n

\u0421\u0442\u0440\u0430\u043d\u0438\u0446\u044b 507-509<\/strong><\/p>\r\n

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<\/div>","protected":false},"excerpt":{"rendered":"FINANCING STRUCTURAL TRANSFORMATION IN AFRICA AS A FACTOR OF ECONOMIC DEVELOPMENT \u2116 8 (195) 2024 DOI 10.46320\/2073-4506-2024-8-195-507-509 Pages 507-509 SAENKO Alexey Nikolaevich junior researcher of the Institute of Africa of the Russian Academy of Sciences FINANCING STRUCTURAL TRANSFORMATION IN AFRICA AS A FACTOR OF ECONOMIC DEVELOPMENT The article considers such a sector of the economy … Read more<\/a>
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