ECA Policy Brief - Issue 01
Mobilizing domestic tax revenues for development in Africa
One of the key lessons of the 2009 global financial and economic crisis for African countries is the need to pay more attention to domestic resource mobilization. This is because the crisis not only exposed Africa’s vulnerability to external shocks but also demonstrated the volatility and uncertainty that surround external sources of development finance, including export revenues, Foreign Direct Investment (FDI), Official Development Assistance (ODA) and remittances.
