The current global crisis highlights the need to better understand the financial and broader interconnectedness among the various sectors of the economy and between them and the rest of the world. African think tanks, central banks and government treasury departments (Ministry of Finance/Economic Development) need to engage in dialogue among themselves and with other stakeholders about the policy frameworks for supporting high economic performance for fighting poverty. But for country experts and think-tankers to engage fruitfully in 'policy dialogue', it is essential to have a framework that can disentangle issues, appreciate the dynamics and identify the intrinsic core policy issues and prescriptions. Also, the strategic visions of CEOs, the wider private sector, and NGOs depend on their ability to disentangle the same/similar issues and identify the intrinsic core (the heart of the matter!). For example, in order to design effective financial sector policies for growth and poverty reduction, it is imperative to intimately understand the role of the financial sector in the development process. Such fundamental insight into the mechanisms that link the financial and real sectors of African countries can be derived primarily from the medium of the flow of funds, for "...a main function of the flow of funds accounts is to reveal the sources and uses of funds that are needed for growth and development..."
This Brief posits the importance of the flow-of-funds framework in design and implementation of development policy in Africa.
www.wejobs.blogspot.com Jobs in Africa
Jobs in Africa - www.wejobs.blogspot.com
International Jobs - www.jobsunited.blogspot.com
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