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
An August 2014 blog post during the escalation of the Ebola Virus Disease (EVD) epidemic in Liberia considered how, beyond the health crisis, the outbreak was having a significant impact on Liberia’s economy. Two years down the line, the threat of the virus has receded, yet the economy is facing other challenges, most prominently the drop in commodity prices. The country is at a critical juncture where it should increase attention on enabling the private sector to drive inclusive growth. This post is the first of a short series dedicated to Liberia to discuss some of the issues involved in the process.
L’Afrique est à la croisée des chemins avec la mise en œuvre des objectifs de développement durable (ODD). Située au centre de l’attention des experts du monde du développement et des décideurs - comme l’a montré la récente 71e Assemblée générale des Nations Unies, la transition ODD-ODM nous mène à un constat de « non-évolution ». Les différentes conceptions énoncées ainsi que les multiples indicateurs proposés n’ont pas permis d’atteindre le développement durable nécessaire pour l’Afrique. Manque de pertinence des données disponibles ou déficit de coordination ? Une chose reste constante et incontournable : l’Afrique ne pourra atteindre un développement durable et tendre vers l’émergence, que si elle prend en charge, elle-même, sa propre transformation économique.
Although Public Private Partnerships (PPPs) are often hailed as one the best options for infrastructure development, there appears to be surprisingly little understanding amongst policymakers of what they actually entail. This is even more so in situations of fragility. In a recent policy paper published under the West Africa Policy Notes series of the African Development Bank, I undertook to highlight what are the advantages and pitfalls of PPPs in the context of Guinea-Bissau and provide recommendations on the best course of action for pursuing development in the country
On my first visit to Guinea-Bissau in 2013, I entered the country after landing at Osvaldo Vieira International Airport. The plane I flew in was a small jet, with no more than 50 seats. That year, I was one of just 30,317 passengers entering the country by plane. The sight of the deserted tarmac, as I landed, spoke much of a seldom-visited country
Like most African economies, Nigeria faces the challenge of limited economic transformation and diversification. This is evident from the country’s specialization in less dynamic and low value added domestic activities and trading in the global system. The high share of manufacturing imports as a percentage of total merchandise imports in 2012 (71%) and the very low share of manufacturing exports as a percentage of total exports in the same year (2.9%) testify to the weak state of global value chains (GVC) in Nigeria. Furthermore, the total value addition in most sectors has been relatively weak (see Table 1). While the recently rebased GDP has shown mild economic diversification away from agriculture toward services, the economy continues to tilt in favour of the natural resources sector.