Bust deoonalnate a greater comltEent to reglonal projecis, 1n practice aswelL as 1n iheory. lilth reSard to the f1nanc1n8 of multinatlonal projectsfroE loans, no flnal solutlon has yet been found, allhough negotlatlons are lnprogresa betreen ECA and the financlng lnsElguglons. 19/ DurlnA the first phaae, payEenta froE lenders al.Located to the transport and coEt[unicetLons sector 1n Afrlca aoounted to approxj.lately US$l billion ayear, of whlch only 45 percent Hent to the Decade. See docu0ent DEC/ IRANSC0M/CM/M4(ALT), paragraph L0.68. ECA'S efforts !o find solutions to the probleos of flnancing reSlonal and sub-negional prolects should be vlgoroualy pursued. The lnspector conslders ihat the flnancing and implementatlon of reglonal projects requires the manlfestatlon of lhe polltlcal. wltL of the Stales concenned. This polttlcaL wlll may take the forn of: (a) Either the establlshmenl of an autonooous authorlty (uke the organiza- tlon lor the DeveLopoeni of the SenegaL Rlver (oMVS)) responslble for lhe Eobillzation of llnances and lhe implenentatlon of proiectE, an authorlty to which the Member States deLegate part of lhej,r prerogatives and lrh1ch constilutes at the sane lime an insLitutional fraeer,rork lor neSotiallons on oatters not delegated lo the authority. (b) 0r a nore flexi.ble fraoework, 1.e. a comnlttee on whlch the Stabes concerned by a given regional project would be represented, meeting as necessary. The comnitlee would reflect the indj.vidual and.colLectlve pol1lical will of lhe Stales concerned and decj.de upon atL questions regardlng the nobillzation of financing and the lmplementatlon of the projects, ECA could be reque8ted to provide secretarlat services lo such coonilgees. 69. The second formula has the advantage of being l-ess costly and cunbersome, but implies a dynamic role by EC.q, whj.ch nust do eve!'ything to facilllale ihe rnanifestation of the individual and collective polibical will ol the States concerned Lhrough studies on bhe progpamoing of the varlous natlonal sections of lhe project, on thej-r respective priorities al the natlonal and reglonal
**Analysis**
The text appears to be discussing the financing and implementation of regional projects, particularly in Africa, and the role of the Economic Commission for Africa (ECA) in facilitating the process. The text mentions specific sectors such as transport and communication, and highlights the importance of political will and institutional frameworks in achieving regional development. The tone of the text suggests a focus on policy and development issues rather than a specific sector or activity.

**Category**
Economic development, Transport and communication