The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Measuring the pulse of Economic Transformation in West Africa
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
In early February, in a blog post on the run-up to the international donor roundtable for Guinea-Bissau, I argued that “all parties are aware that in order to move forward not only is money needed, but also compact coordination amongst partners and the government, as well as the assurance that planned projects and programmes are coherent and complementary”.
Niger is suffering considerable demographic and budgetary pressures. Its margin for manoeuvre to build itself through sustainable development is tight.
On January 28, the African Development Bank’s (AfDB) Board of Directors approved the 2015-2019 Country Strategy Paper (CSP) for Guinea-Bissau. This approval marks a strong step towards the redeployment of international assistance in the country and is a prelude to the country’s planned donor roundtable expected to be held at the end of March.
The Ebola outbreak, which is ravaging West Africa, causing over 4,000 deaths, and has crossed the Atlantic infecting its first case in the United States and now Spain, is an immense tragedy. But it also serves as a reminder of the fundamental challenges of development in a weak institutional environment.
Guinea-Bissau’s categorization as a “Fragile state” by many donors and development partners largely mirrors the status of its financial sector. Although it has gone a long way since its complete collapse in the aftermath of the 1998/99 civil war, the financial system is still underdeveloped: in 2013, financial intermediation accounted for about 4% of GDP in 2013 (AfDB, 2014), banking penetration in the country is below 1% of the population and Access to finance is cited as the second most important constraint for business operations behind political instability (80.6%) at par with electricity (75.7%).