Problems of financial resource mobilization for the economic development of African countries

Drobot E.V.1,2
1 Центр дополнительного профессионального образования
2 Первое экономическое издательство

Journal paper

Journal of International Economic Affairs (РИНЦ, ВАК)
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Volume 14, Number 1 (January-March 2024)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=65634616

Abstract:
The economies of African countries are characterized by a number of unresolved problems caused by their resource, economic, financial, debt, etc. dependence, which creates additional difficulties for mobilizing domestic financial resources in order to ensure sustainable development and achieve the parameters stated in the Agenda 2063 and in the 2030 Agenda for Sustainable Development. This article discusses the main problems that act as obstacles to mobilizing domestic financial resources of African countries in the 2020s. The main guidelines for the subsequent development of strategies for solving these problems are outlined. This article is a continuation of a series of publications devoted to the problems and prospects of mobilizing domestic financial resources necessary to ensure sustainable economic growth and development in African countries. The article is intended for specialists in the field of world economy and international relations, economists, Africanists, as well as anyone interested in integration and international economic relations in general.

Keywords: Africa, mobilization of financial resources, taxation, shadow economy, sustainable development, capital flight, economic development

JEL-classification: F15, F54, F65, N27, N47

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