African External Finance in the 1990's.

The text being reviewed is a report of a symposium organized by the World Bank. The report is divided into four parts featuring a collection of essays and commentary by a group of eminent scholars and experts about Africa's financing needs, official external assistance, commercial external finance and other private resource flows, and risk management. The editors, who are officials of the World Bank, intimate in the introductory chapter that the effective utilization of external resources will determine the availability of external financing, which is dwindling at the moment when competing demands for it are high. Part One contains two chapters, the second of which identifies the major possible …