Economic Briefs


Market Brief - Africa Economic Financial Brief 06-10 January 2014

Following the financial crisis of 2008-09 and the deepening of the Euro-zone crisis in 2012, global protectionist measures dramatically rose harming the commercial interest of LDCs. Subsequent to the G20 summit held in November 2008 to discuss the effects of the global financial crisis close to 200 trade protection measures had been instituted up until July 2012. This has had been disadvantageous to the commercial interests of LDCs, including Africa. Export taxes and tariff measures accounted for 41percent of the total policy instruments, whereas export subsidies, non-tariff barriers, and...

Economic Brief - Global Value Chain Development and Structural Transformation in Nigeria

Key Points • The rationale for global value chain development in Nigeria is premised on several grounds that include: viability as a lever for guiding the country’s economic transformation; potency for addressing the growth inclusiveness challenge facing the country; and effectiveness in driving sustained growth through delinking the economy from fluctuations in commodity prices and weather conditions. • To take advantage of these benefits, Nigeria needs to take advantage of its vast potentials in wide array of activities that include agricultural commodities (cocoa, cassava, etc), oil...

Economic Brief - Regional integration in South-East Asia : lessons for the southern Mediterranean Countries

Key messages • Despite a long common history, geographical, cultural, religious and linguistic proximities, North Africa is an under-integrated region. • ASEAN's high rate of trade integration cannot be solely attributed to the trade liberalization and economic integration efforts deployed by the member countries. • Traditionally more open to FDI than the North African Economies, ASEAN was very rapidly integrated into the strategies of global companies, first as a production base, then as a market.

Africa Economic Brief - Why Africa Needs Green Bonds

The objectives of the brief are to highlight developments in the nascent global green bonds market and their relevance to Africa, to present arguments for greater participation of financial institutions within the continent and to make proposals on how this can be accelerated. The information presented in the paper is based on literature review and analysis of data on climate finance. It is estimated that that the global market for green bonds is expected to reach US$100 billion by the end 2015. In the last four years, about US$2.5billion has been mobilized for development in Africa through...

Mozambique - Country results brief 2018

Over the last decade, Mozambique has been one of the fastest-growing African economies, enjoying average economic growth of about 8% between 2004 and 2015. It received strong support from the international community during the period (for example, in 2014 it received US$2 billion in official development assistance). In parallel, the country has embarked on major reforms — especially fiscal reforms and tax administration — and has opened up to foreign investment, particularly for the exploitation of its natural resources.

Egypt - Country Results Brief 2018 (Arabe)


Egypt - Country results brief 2018

Over the past decade Egypt has sustained an average annual growth rate of 4% and addressed pressing fiscal challenges. Since the 2011 revolution, this middleincome country has recovered and is now the recipient of the most foreign direct investment in Africa. It has a highly diversified economy, with agriculture accounting for 12% of GDP, services for about half of the GDP and industry for 34%. The country expects to invest more in human capital in the short and medium term as recent policy reforms start bearing fruit.

Resumo dos Resultados 2018 – Moçambique

Ao longo da última década, Moçambique tem sido uma das economias africanas com mais rápido crescimento, um crescimento económico médio de cerca de 8% entre 2004 e 2015. Recebeu um forte apoio da comunidade internacional durante este período (por exemplo, em 2014, recebeu US$ 2 bilhões em assistência oficial ao desenvolvimento). Paralelamente, o país embarcou em grandes reformas — especialmente reformas fiscais e administração tributária — abrindo-se ao investimento estrangeiro, particularmente no que concerne à exploração dos seus recursos naturais.

Africa Economic Brief - Volume 9 Issue 6 - Governance for Structural Transformation in Africa

Improving governance is recognized as a priority concern of all societies. It is more the case today because of heigh - tened economic competition and increased risks posed by the mismanagement of government revenues. A focus on governance includes government authorities, as well as those outside the state sphere. Governance concerns how public goals are established, how they are pursued, and how the power to accomplish them is acquired, utilized, and held accountable. The bundle of these practices, and the norms that frame them, we call institutions.

Africa Economic Brief - Volume 9 Issue 7 - Tackling the Governance of Economic Transformation

Policies to move African economies from growth to transformation are urgently needed, but are they feasible, given typical political-economic constraints? Drawing on a multidisciplinary literature, this paper warns against the twin errors of ignoring such constraints and treating them as insuperable. There is no doubt that typical patterns of power and interest undermine the credible commitments, adequate public good provision, investment coordination, and provisions for joint learning that are crucial in economic transformation. Moreover, efforts to tackle poor economic governance...

Africa Economic Brief - Volume 9 Issue 8 - Institutions in Transformational Governance: Lessons for Africa

Institutions and governance capabilities are important determinants of the path and pace of development. Institutions are rules that describe how resources are allocated or choices and decisions are made, while governance capabilities describe how power and authority are used to enforce or ensure adherence to particular rules. Both are important for explaining the stability and credibility of property rights, the efficiency of markets, how political decisions about resource allocation are made, and how and to what extent important market failures can be addressed. Much of the institutional...

The Africa Infrastructure Development Index July 2018

The development of infrastructure in Africa is critical for fostering economic growth and improving the living standards of Africans. It contributes significantly to human development, poverty reduction, and the attainment of the Sustainable Development Goals (SDGs). Investment in infrastructure accounts for over half of the recent improvements in economic growth in Africa and has the potential to contribute even more. It is for this reason that infrastructure development across Africa remains central to the African Development Bank’s mission as espoused in its High 5s transformative...

Africa Economic Brief – Volume 9 issue 01 - Global Markets and Inequality in African Countries

Globalization has had a big impact on many African countries in the last 20 years. It has provided a consi - derably expanded market for their exports; allowed them to specialize more in products for which they have a comparative advantage; and given their consumers access to an array of goods that they would not otherwise enjoy. In addition, it has led to impressive GDP growth in much of Africa, and has been an important force for improving average prosperity. But there has been a downside, too. In particular, the gap between the incomes of the rich and poor that is, income inequality has...

Africa Economic Brief – Volume 9 issue 02 - Industrialization: Lessons from China for North Africa

How can developing economies escape from the trap of middle- or low-income status in which the majority has been for decades? Drawing lessons from the experiences of China, this piece argues that an economically successful country must have the market as its foundation with, on top of that, the state playing an active, facilitating role. It is a dream for every developing country to become a modern, industrialized, high-income country. Yet among nearly 200 developing economies after the Second World War, so far only two the Republic of Korea and Taiwan, China have grown from low- to high-...

Africa Economic Brief – Volume 9 issue 03 - Graduating to Rules based Macroeconomic Institutions

The future of Africa’s development, most notably achieving the Sustainable Development Goals (SDGs) of the United Nations and the High Five of the African Development Bank, would pretty much hinge on harnessing the resource rents for financing the continent’s structural transformation and development. Though Africa has made some progress, largely driven by the resource boom during the better part of the first decade of this century, like many developing regions, its growth has started to face headwinds since the global recession of 2008. The advanced economies were even more severely...

Africa Economic Brief – Volume 9 issue 04 - Africa’s Growth Trajectory: Lessons from History

Colonial economies were primarily based on agriculture, mining and commerce. Cash crops and minerals were exported with very little value added. Though Ghana emerged as the world’s leading producing of cocoa in 1911 and has been for centuries an important exporter of gold (hence its former name, the Gold Coast), it was not until 1963 that Kwame Nkrumah established a cocoa-processing factory in Tema and a gold refinery in Tarkwa. Outside South Africa, much of Africa lacked a significant industrial base. The colonial economy was more interested in raw materials. I have found the French Colonial...

Africa Economic Brief – Volume 9 issue 05 - Regional Financial Integration and Economic Activity in Africa

The historical account of financial integration and cooperation in Africa is somewhat chequered and dates back to the colonial era. The earliest record of efforts towards regionalization was with the establishment of the Southern African Customs Union (SACU) in 1910. Recent trends toward regionalization have now moved beyond trade and customs unions to economic, financial, and monetary integration. To fix ideas, regional financial integration refers to a market- or institutionally-driven process of broadening and deepening the financial interrelationships within a region; whereas, financial...

Tanzania - Country results brief 2017

The African Development Bank is stepping up the pace in Tanzania by focusing on the “High 5s” — five priorities that are crucial for accelerating Africa’s economic transformation: Light up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa. This Tanzania Country Results Brief demonstrates the Bank’s recent progress in moving the country toward its goal of reaching middle-income status by 2025. It also highlights the Bank’s responsiveness to Tanzania’s needs, in moving closer to the field and providing the best...

Cameroon - Country results brief 2017

Cameroon is the economic powerhouse of the Central African Economic and Monetary Community (CEMAC), contributing over 40% to the region’s gross domestic product (GDP). It has abundant natural resources, a diversified economic and industrial fabric and a prime geographic location, particularly because of its long coastline along the Gulf of Guinea. With this strong potential, the country is well placed to is meet the various challenges in achieving the objectives of its 2010–2020 Growth and Employment Strategy Paper (GESP), which forms part of its vision for graduating to emerging country...

Africa Economic Brief - Volume 8 Issue 7 - Transforming Africa's Agriculture through Agro-Industrialization

Economic growth in Africa has been accelerating for the past two decades. The continent enjoyed sustained economic growth registering an annual average growth of more than 5 percent. This episode of rapid economic growth, where four out of ten fastest growing economies in the world in the past ten years were African countries, undoubtedly kindled high hopes for a continent, which had been painted as hopeless and backward just two decades ago. Instead, the recent discourse has been dominated by the “Africa Rising” narrative, with significant shift in the sentiment towards the prospect of...