West Africa is at the heart of Africa’s transformation. With a projected growth rate of 7.4 per cent in 2014, it is the fastest growing region in the continent. As many of its countries undergo a strong stabilization, emerge from conflict, or even rise to middle income status, the region begins to reap the fruits of its regional and global integration. A global demand for expert opinions and analysis is rising rapidly. Read More

31Aug2015

Remittances from West Africa’s Diaspora: financial and social transfers for regional development

Migrant remittances, namely the money migrants send to their countries of origin from their host countries, are increasingly significant for West Africa.


29Jun2015

Tourism in West Africa: an economic, social and cultural opportunity

Whereas tourism is acknowledged as a driver of socio-economic development and growth in Africa, as evidenced in the last African Tourism Monitor, the 2015 edition of the annual report on competitiveness in travel and tourism, released in early May by the World Economic Forum (WEF), points out that West Africa lags behind when it comes to the travel sector. The ten West African countries assessed in the report all appear in the bottom half of the ranking.[1] Cabo Verde, the top-ranked country from the region, ranks 86th out of 141. Guinea recorded the lowest score at 140th, securing the penultimate position in the overall ranking. The eight remaining West African countries are in the bottom quarter, among the least globally competitive countries in terms of tourism


18Jun2015

Addressing public finance management and development challenges in Benin

Benin’s economic landscape is characterized by the Government’s intention to implement structural investment programmes in several economic sectors (transportation, energy, health, tourism, agriculture, etc.). Of a total amount of 6,529 billion CFA francs, or USD 13.8 billion, covering the 2014-2018 period, this development strategy seeks to raise the investment rate to about 27% of GDP in 2018, compared to 19% in 2013.


12Jun2015

African Economic Outlook 2015: West Africa confronts the challenges of spatial inclusion

A recent post discussed highlights from the African Economic Outlook 2015 (AEO) report, indicating a difficult scenario for the West African Region, but also some encouraging signs. Indeed, against all odds, the region has demonstrated a palpable dynamism.


10Jun2015

African Economic Outlook 2015: Resilient economies, positive forecast for West Africa

An annual collaboration between the African Development Bank (AfDB), the OECD Development Centre and the United Nations Development Programme (UNDP), the African Economic Outlook 2015 (AEO) was launched on May 25, 2015, during the AfDB Annual Meetings. The report provides an overview of the economic and social development of Africa and provides two-year projections.


You are currently offline. Some pages or content may fail to load.