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n Journal of Public Administration - NEPAD : an opportunity for small and medium enterprises and entrepreneurs in Africa : viewpoint
One of the features of NEPAD is to accord high priority to the role of private investment and trade. With regard to private investment, NEPAD stipulates the following;
- NEPAD focuses on debt reduction and Official Development Assistance (ODA) as complementary external resources required in the short to medium term, and addresses private capital flows as a longer-term concern.
- The basic principle of improved governance is a requirement for increased capital flows, so that participation in the Economic and Political Governance Initiatives is a prerequisite for participation in the Capital Flows Initiative.
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