The African Development Bank’s Ten-Year Strategy for 2013-2022 aims to improve the quality of Africa’s growth and is built around two objectives. The first objective is to achieve growth that is inclusive and the second is to ensure that this growth is sustainable, thus helping Africa gradually...
03-Nov-2017
Information Note - Measuring and Reporting on Value for Money - A Conceptual Framework for MDBs
The African Development Bank is leading an MDB initiative1 aimed at better defining the concept of value-for-money. To this end, the MDBs commissioned Consultants to draft a conceptual framework on measuring and reporting on value for money. A first draft of this paper was reviewed and discussed by...
02-Nov-2017
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...
Extractive industries (mining, oil and gas) have been some of the leading drivers of economic growth in Africa over the past decade. Yet, there is a perception that the continent has failed to turn its natural resources endowment into positive development outcomes. This may – at least in part – be...
Prior to the end of the prolonged commodity boom that led up to the 2008 recession, much was made of the rapid growth in GDP demonstrated by many African countries. The continent’s rising GDPs were held to be heralding a new dawn: a turn in the evolutionary economic downward cycles that had...
In spite of government counter-terrorism expenditure and efforts, the incidence of terrorism in Nigeria appears to be rising. This paper examines the growth and fiscal consequences of terrorism in Nigeria by estimating the terrorism--macroeconomy relation using different measures of terror...
This study analyzes the effect of capital flows on economic growth in sub-Saharan Africa, using a system of generalized methods of moment (GMM) model. It tests the extent to which the level and volatility of capital inflows, both disaggregated and total, affect economic growth. The study finds that...
Little is known about the role that foreign aid can play in dampening the effects of climate change. This paper investigates the role of aid in mitigating the adverse effects of climatic shocks on food security in developing countries. Because foreign aid is an important source of revenue for...