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African Development Report 2015 - Chapter 8: The way forward to achieving sustainable development in Africa

20-Jun-2016

During the past decade, Africa’s economic pulse has quickened, in comparison with previous decades. However, the recent decline in commodity prices could have adverse impacts on this momentum, especially for commodity dependent countries. In chapter 1, we evaluated the main determinants of this growth performance and high-lighted: favourable commodity price developments, from 2002 to mid-2014; more FDI inflows, especially toward resource-rich countries; improvement in the quality of governance; increasing numbers of middle class consumers; plus, more stable political conditions. In many African countries, impressive economic growth has been accompanied by improved poverty reduction and social outcomes.

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