AfDB: Championing inclusive growth across Africa. A blog by the former Chief Economist and Vice-President
For the past decade, Africa has had strong growth. A new economic momentum has been created. The continent weathered the financial crisis and has bounced back. But headline economic growth is not enough. Deliberate policies to reduce inequalities and promote inclusion are now needed more than ever before. It is time to focus on what people want: decent work, a living wage, access to basic service, more democracy and accountable governments. Africa and its people aim to be a pole of growth in the decades ahead. Read more
It has sometimes been said, unkindly, especially as memory of the G20’s contribution to resolving the global financial crisis recedes into the past, that close to 15 years since its establishment, the G20 is still a movement in search of a cause. The argument continues that the G20 is mainly a means for middling powers to exercise some global influence, while the annual attention paid them during their presidencies lasts.