the gulf of guinea and the global economy - AIPN
the gulf of guinea and the global economy - AIPN
the gulf of guinea and the global economy - AIPN
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III. Coping with <strong>the</strong> Obstacles to Development <strong>of</strong> <strong>the</strong> Region:A Role for <strong>the</strong> International Business <strong>and</strong> Financial Communities(2)International Financial Institutions to help <strong>the</strong> countries preventmismanagement <strong>of</strong> natural resources: Appropriate fiscalstabilization instrumentsThree-fold role for <strong>the</strong> IMF:‣ A partner for reforms;‣ A catalytic role for financing: signaling to private investors;‣ A better partner in <strong>the</strong> dialogue with developing countries.International community to help promote good institutionsthrough political encouragement <strong>and</strong> technical assistance,with <strong>the</strong> view to improve accountability, government effectiveness, s, regulatoryframeworks, respect for <strong>the</strong> rule <strong>of</strong> law, <strong>and</strong> fight against corruptionInternational business <strong>and</strong> financial community to helpcountries cushion against oil market shocks:‣ Economic diversification;‣ Greater access <strong>of</strong> developing country products to markets <strong>of</strong> developedcountries;‣ Improving oil market information <strong>and</strong> transparency.13
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