- 22/04/2013 - The Committee of Ten (C10) encourages diversification to overcome economic vulnerability
- 19/04/2013 - The Committee of Ten supports the ADF
- 29/01/2013 - President Kaberuka Stresses Investment in Human Capital at World Economic Forum
- 25/01/2013 - Private Sector Needed to Close the Energy Gap in Africa
- 24/01/2013 - AfDB President Kaberuka Calls on World Leaders to Find Ways to Boost Global Economic Growth
The Crisis and Africa: Preventing a Development Crisis and Gearing up for Recovery
The developed economies can help Africa recover by:
- Pursuing strategies that boost demand for African exports. Indeed, recovery in the developed and emerging markets will help Africa out of the crisis by increasing African exports and capital inflows.
- Discouraging protectionist practices in trade and finance. Protectionism would have the lamentable effect of curtailing trade and capital flows.
- Supporting increased provision of concessional financing and grants to African countries through bilateral and multilateral mechanisms.
- Providing adequate funding for African low income countries as well as supporting funding for programs aimed at enhancing response to vulnerability.
- Honoring pledged funding for Africa.
But much of the effort must come from the continent. Thus, African countries need to:
- Strike a balance between crisis response and alleviation of structural constraints to long term growth;
- Rebalance between external and domestic sources of growth;
- Give priority to infrastructure, trade logistics and regional integration;
- Accelerate institutional reforms;and
- Strike a balance between the role of the state and the role market mechanisms; they must not quit markets nor disengage from the global economy.
Household Consumption Report (1.7 MB)