Dilip Ratha suggests new private-public partnerships to mobilize additional international financing for Africa:
Establishing sovereign rating benchmarks and credit enhancement through guarantee instruments provided by multilateral aid agencies would facilitate market access.Creative financial structuring such as the International Financing Facility for Immunization(IFFIm) can help front-load aid commitments, although these may not result in additional financing in the long run. Preliminary estimates suggest that Sub-Saharan African countries can potentially raise $1-3 billion by reducing the cost of international migrant remittances, $5-10 billion by issuing diaspora bonds, and $17 billion by securitizing future remittances and other future receivables...[continue reading(pdf) ]
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