Composition of financial flows to Sub-Saharan African countries: ten years into the Monterrey Consensus on the Millennium Development Goals

Abstract

The overall trend in increasing volumes of cross-border financial flows is positive. It is also encouraging that the volume of private financiers, whether from commercial or non-commercial origins, is picking up. The trend in Sub-Saharan Africa is not so clear-cut but with some pragmatic adjustments to experience and realistic knowledge on the ground, these so-called 'poor' numbers are perhaps not deceiving us so much and Jerven may be barking up the wrong tree.