ABSTRACT
This chapter analyzes financial flows and commitments from 1973 to 1979 from the Arab Middle East to sub-Saharan Africa. The Arab Middle East is defined as the twenty-one countries that are members of the Arab League, but the sources of identified financial flows and commitment are mainly confined to the seven Arab members of Organization of Petroleum Exporting Countries (OPEC) and OPEC/Arab international financial institutions. The chapter discusses the ways and means of overcoming the obstacles to investment in Africa and of finding channels through which investment funds could profitably be allocated. It provides a national classification according to existing level of development and economic performance. The Arab surplus states could help not only with the financing of mineral and oil exploration and development, but also in the establishment of facilities for the processing of mineral and oil products.
