African Economic Outlook 2013

African Economic Outlook Report 2013 - “Structural Transformation and Natural Resources”

The African Economic Outlook (AEO) Report is an annual publication jointly prepared and published by the African Development Bank (AfDB), the OECD Development Center, the Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP). As with previous editions, the AEO 2013 Report underpins this close collaboration in many respects and has expanded in scope covering all Africa countries, except Somalia.

Each year, the Report focuses on a specific and critical theme on Africa’s emerging socioeconomic development issues. The theme is carefully selected in consultation among all partner institutions. The theme for the AEO 2013 Report is: Structural Transformation and Natural Resources. This theme is closely aligned with the theme for the Annual Meeting and brings a fresh perspective to Africa’s social and economic developments. In particular, the Report highlights the state of play in African countries with respect to structural transformation, and what policy instruments are needed to harness the continent’s diverse natural resources for longer and sustained inclusive growth. The synopsis of country case studies shows that regional member countries are differently endowed with natural resources, but each country’s available resources provide a unique opportunity of fostering structural transformation through close linkage with other sectors.

Since its inception, the AEO Report has gained both in analytical rigour and readership, making it a hugely anticipated premier publication on Africa’s development prospects. The key objectives of the AEO are to broaden the knowledge base on African economies and to offer valuable and evidence based support for policymaking, investment decisions, and donors' interventions. The Report has also proven as a tool for strengthening capacity building for economists in the partner institutions and local experts in the countries covered, thereby reinforcing ownership and sustainability of the exercise.