§ Sir David Steel
To ask the Secretary of State for Foreign and Commonwealth Affairs if he will publish a table showing the flow of gains and losses in income for Africa, taking account of development assistance, private lending, debt service payments and commodity price changes, for each year since 1985 to the current year.
§ Mr. Waldegrave
Figures for the whole of Africa are not available, as north Africa and the middle east are treated as a single region by the main organisations compiling such data. Figures for sub-Saharan Africa are as follows:781W
A. Net resource flows1 $ billion 1985 1986 1987 1988 Official development finance2 12.1 15.4 18.1 20.4 Export credits 1.1 -0.1 -0.2 0.6 Private flows3 1.6 4.2 4.0 4.2 Total net resource flows 14.8 19.5 21.9 25.2 Interest payments4 2.9 2.6 3.1 3.5 Net financial transfer 11.9 16.9 18.8 21.7
Source: OECD: 1988 survey of finance and external debt of developing countries.
B. Trade5 $ billion 1985 1986 1987 1988 Exports 31.9 28.3 28.5 n/a Imports 28.0 29.2 32.5 n/a
Source: World Bank World Development Reports, 1987, 1988, 1989.
1 Total gross resource flows less capital repayments.
2 Bilateral and multilateral official development assistance (ODA), plus other official development finance.
3 International bank lending, direct investment, grants by non-governmental organisations, plus other private investment.
4 Interest payments on long- and short-term credit (but not including capital repayments).
5Includes intra-regional trade.
All figures exclude South Africa which is not regarded by OECD as a developing country.