The need for economic diversification in the CIS economies

(v) The need for diversification in Africa is compelling.

quot The need for diversification in Africa is compelling.

41. The need for the diversification of African commodity exports is great and there is also scope for diversification if certain conditions are met.

18. The need for diversification of the African commodity sector is well recognized.

Need to fill the gap in existing funding arrangements for preparing diversification projects

51. While the need for increased external assistance for diversification is recognized, it does not necessarily call for the establishment of a new organization for a fund for diversification.

In addition, crop diversification has reduced the need for costly and environmentally damaging pesticides.

(b) Need to fill the gap in existing funding arrangements for preparing diversification projects

There was also an urgent need to establish a diversification fund for African commodities.

We need assistance for diversification, for development of our human resources and for the implementation of sustainable development.

V. POTENTIAL FOR DIVERSIFICATION

Any strategy for the sustainable development of the continent must consequently take into account the need for diversification.

Section IV presents the case for diversification, and section V considers the potential for diversification.

IV. THE CASE FOR DIVERSIFICATION

First, there is the need for diversification of African commodities, which is a prerequisite for economic recovery and growth.

The need for raising export earnings in SIDS which are typically import dependent because of their limited scope for economic diversification does not need elaboration.

Export diversification usually involves production diversification, for which there is considerable potential in Africa.

Particular attention has also to be paid to the critical need for the diversification of the African economies.

III. INSTITUTIONAL FRAMEWORK FOR COMMODITY DIVERSIFICATION

Diversification

Second, there is the relationship between oil prices and the need for income diversification in the oil producing countries.

V. POTENTIAL FOR DIVERSIFICATION . 29 40 16

VII. RESOURCES FOR DIVERSIFICATION, INCLUDING EXTERNAL SUPPORT

Diversification facility for the African commodity sector

IV. A STREAMLINED PROPOSAL FOR A DIVERSIFICATION

Diversification facility for Africa apos s commodities

Although domestic resources will be of key importance, the need to mobilize adequate external resources for diversification must be recognized.

(c) The need to fill gaps that may exist in the funding available for diversification of related activities in Africa.

The establishment of a diversification fund, however, would, along with the proposed national diversification councils, provide the focal point for enhancing diversification efforts in Africa.

In some cases, export diversification need not necessarily be for the world market but could be for a regional or subregional African market.

IV. THE CASE FOR DIVERSIFICATION . 24 28 14

VIII. PROPOSED APPROACH TOWARDS A FUND FOR DIVERSIFICATION

IV. A STREAMLINED PROPOSAL FOR A DIVERSIFICATION FACILITY

A DIVERSIFICATION FUND FOR AFRICA apos S COMMODITIES

The diversity among small island developing States highlighted the need to tailor specific remedies for each country. Economic and trade diversification could be crucial, and donor commitments to investment in economic diversification could be essential.

(ii) The need for commodity diversification in Africa has been assessed in the light of the parlous economic situation of the region.

38. He underscored the need for additional diversification funds for Africa under the aegis of an existing funding organization such as the African Development Bank.

National diversification councils

Among them is the project for an African diversification fund or diversification facility in the African Development Bank 43 which would help to facilitate the diversification of the African commodity sector by preparing technically and economically viable diversification projects.

Section VIII sets out the proposed approach involving a diversification facility for African commodities, as well as national diversification councils.

All these problems need to be addressed if we are to be successful in the diversification efforts.

Stressing the need for further diversification of funding sources to address land degradation, in accordance with articles 20 and 21 of the Convention,

Stressing the need for further diversification of funding sources to address land degradation, in accordance with articles 20 and 21 of the Convention,

The IMF also pointed out remaining challenges, including the need for further reductions in public debt, increased financial sector regulation, and market diversification.