Domestic Resource Mobilization through Local-Currency Financing and the Deepening of Capital Markets: An African Perspective
PETER DANIEL ONIMISI (Ph.D.) Association of African Development Finance Institutions (AADFI) Abidjan, Republic of Côte d’Ivoire Abstract Africa’s annual development-financing shortfall has escalated to more than $1.3 trillion, driven by rising debt-service costs, a deteriorating external financing environment, and the structural limits of foreign-currency borrowing. This article argues that local-currency financing and the deliberate deepening […]