In addition, while responding to the immediate challenge of revitalizing capital flows, the long-term challenge of economic diversification to reduce dependence on primary commodities remains key for improving Africa’s resilience to external shocks. This is in addition to the need to provide fiscal space for countercyclical economic policies and investments to sustain economic growth in Africa.
Other current and capital inflows The annual growth rate in exports of goods and services from developing countries was 12.3 percent for the five year period to 2007 compared to 4.2 percent registered in the 1980s and 4.8 percent in the 1990s.