Designing economic recovery programmes

For the United Nations, Africa continues to be the highest priority In 1986, the UN convened a special session to drum up international support for African economic recovery and development. The UN has also instituted a system-wide task force to ensure that commitments made by the international community are honoured and challenges met. The Africa Project Development Facility aims to accelerate the development of productive enterprises sponsored by private African entrepreneurs, as a means of generating self-sustained economic growth and productive employment in sub-Saharan Africa. ADPF has helped entrepreneurs in 25 countries to find financing for new enterprises. The Facility has completed 130 projects which represent investments of US$233 million and the creation of 13,000 new jobs. It is expected that these new enterprises will either earn or save some $131 million in foreign exchange annually.