Open AccessDevelopment Financing under Constraints: A Decade of African Development Bank. By Ime Ekop Ebong. Bonn-Bad Godesberg: Verlag Neue Sesellschaft GmbH. 1974. 172 pp.(special Issue No. 8 of the Vierteljahresberichte.)
Author(s) -
M.A. Behzad
Publication year - 1975
Publication title -
pakistan development review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.154
H-Index - 26
ISSN - 0030-9729
DOI - 10.30541/v14i1pp.149-152
Subject(s) - pooling , investment (military) , institution , finance , economics , political science , business , economic growth , development economics , law , computer science , artificial intelligence , politics
Development Financing under Constraints, as the author himselfputs it, is 'aimed to recapitulate the spirit in which the AfricanDevelopment Bank was founded, describe how it later functioned and whyit functioned the way it did'. The study is an excellent attempt tohighlight economic cooperation and integ¬ration and to discuss itsrationale in view of the given constraints. The main idea behind theestablishment of an institution, like the African Develop¬ment Bank(ADB), was necessarily an 'all-African Investment Bank' to promotedevelopment projects. The newly independent nations of Africa, lackingas they are in the basic infrastructure, are beset with difficulties insurviving as economically viable units. As such, the need for a poolingof resources and for technical know-how is particularlyimperative