The African Development Bank in North Africa
Date: Friday 10 June 2011
Venue: Lisbon Congress Center
Time: 8:00 a.m. - 10:30 a.m.
Dr. Donald Kaberuka, President, African Development Bank
Mr. Ahmed Lahimi Alami, Minster, High Commission for Planning, Morocco
Mrs. Magda Kandil, Executive Director and Director of the Egyptian Center for Research in Economic Studies
Prof. Azzeddine Azzam, University of Nebraska-Lincoln, USA and University of Dubai, UAE
Mr. Amadou Mahtar Ba, President, All-Africa.Com and Chief Executive, Africa Media Initiative
By the end of 2010, the North African countries were receiving positive attention and major praise for their strong economic performance. The region was recording an average rate of economic growth of around 4.5% for over a decade. The publication of the 2010 Human Development Report, brought more attention to the region as a results of listing three of its countries - Tunisia, Algeria, and Morocco - among the top ten economies, in the world, showing the greatest improvement in human development, as measured by the Human Development Index (UNDP, HDI, 2010), relative to their 1970 starting points. Not only that, North Africa showed more resilience to the global financial crisis of 2008 and the Euro-zone crisis of 2009 than the rest of the African continent, and performed better than nearly all other regions of the world (except for emerging Asia).
Then, as unexpected as a Sahara’s Tornado or a Mediterranean’s hurricane, the Tunisian Jasmine revolution erupted followed by an Egyptian Lotus counterpart. Now, the whole region is simmering waiting for the next flower to pop-up.
- What went wrong?
- What are the real root socio-economic and political causes of the revolutions?
- Do these causes differ from one country soil to the others?
- What are the lessons learned for the North African experience to the rest of Africa?
- What are the implications for the development strategies for the region and beyond?
- What is the role of the Bank in nurturing and fostering these changes?
- Is there is a need for new tools and instruments to be used in the case of these Middle Income Countries? The answers to these questions and more will be the topic of this Panel, composed of North Africa international experts, development practitioners, and international leaders.
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