Private capital flows into Africa reached some USD55 billion this year, up from USD49 billion in 2007, due to the continent’s improved macroeconomic policies, a World Bank economist said.

“We are seeing private capital flow back into Africa after the recession,” Shanta Devarajan, the World Bank’s chief economist for Africa, told Reuters in an interview. “The fact that African policymakers responded with prudent policies during the crisis means that the policy environment in Africa has never been better, the productivity of external resources in Africa has never been higher.”

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.