North Africa Long-Term Strategy Consultation Meeting - Summary Report

The summary below captures the main points discussed during the North Africa regional consultation meeting in Tunis and is not a detailed set of minutes. The comments have been summarized and organized into five thematic areas: (I) Context and Drivers of change; (ii) Vision for Africa for the next decade; (iii) Operational Focus for the African Development Bank; (iv) Financing, and (v) Institutional Reform.

North Africa Quarterly Analytical - New Libya, New Neighbourhood - What Opportunities for Tunisia?

The Libyan conflict, that raged for close to ten months and led to the fall of Gaddafi, particularly hurt the Tunisian economy, especially in the first half of 2011. In a review of the period concerned, the African Development Bank (AfDB) (Santi, Ben Romdhane and Ben Aissa, 2011) estimated that despite a few positive externalities, the Libyan crisis negatively affected the Tunisian economy which was still reeling from the socio-economic impact of its 14 January 2011 Revolution.

Economic Brief - Capital Market Development in North Africa Current Status and Future Potential

Capital markets in North Africa have a long history but have been marginal to the region’s development. For the private sector to expand and flourish there is strong evidence which shows that the ability to raise equity finance is indispensable. However this investigation reveals the limited breadth and depth of the North African markets. Markets in sovereign and corporate bonds complement equity financing, but these are also underdeveloped in North Africa. The study finds that legal and regulatory provision is for the most part adequate, but there has been an absence of confidence by both...

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.

ORNA - North Africa - Annual Report 2014

From 1990 to 2010, North African countries achieved rapid economic growth and significant progress in human welfare indicators such as poverty reduction, life expectancy, and health status. Nevertheless, this period ended with popular uprisings that toppled long-standing political regimes in Egypt, Libya and Tunisia. This year’s North Africa Annual Report is largely devoted to the topic of inclusive growth and development, the absence of which in several ways helped trigger the uprisings, in an attempt to better understand why economic growth over the 5-10 years preceding the revolutions...

« La Banque africaine de développement doit poursuivre sur sa lancée de réformes », affirment les gouverneurs d’Afrique du Nord

Les gouverneurs de la Banque africaine de développement  pour l’Afrique du Nord ont affirmé, jeudi à Abidjan, leur soutien à la politique de financement de l’institution dans leur région, à l’occasion d’une consultation annuelle tenue au siège de la Banque. « Nous voulons une Banque qui mène, pas une Banque qui suit », a lancé le président Adesina, dans son allocution d’ouverture, à l’attention des gouverneurs des six pays de la région –...

Libya: The African Development Bank supports a new generation of promising young leaders for a successful transition

One hundred and fifty-three emerging Libyan leaders have received certificates after completing a ten-day intensive leadership workhop in Istanbul, Turkey, organized by the African Development Bank. The Tamayoz Residential programme, provided by Adam Smith International, exposed participants to leadership examples and success stories, provided deeper understanding of a leader’s responsibilities, transferred knowledge of the latest organizational leadership tools, and presented work-based assignments related to Libya’s challenges and solutions. Tamayoz means distinction and uniqueness in...

North Africa Economic Outlook 2018

This North Africa Economic Outlook (covering Algeria, Egypt, Libya, Mauritania, Morocco, and Tunisia) examines the macroeconomic performance of the region and the outlook for 2018 and 2019 and explores the relationship between food security and rural poverty. Part I looks at the key drivers of regional GDP growth and its sectoral decomposition, price movements, fiscal and current account balance, domestic resource mobilization, and debt dynamics. It also identifies common structural issues facing North African countries and analyzes trends in poverty and inequality and how they relate to...

Libya - PCR - Strengthening the Dialogue with the Libyan Authorities

In 2011, the change in the political regime offered Libya an opportunity to embark on a program of economic and social reforms. However, since the summer of 2014, Libya went through an unprecedented period of political unrest and security issues. As a result, the country has suffered many structural problems including a lack of institutions and weak governance. Within the two periods, the Bank considered the transition as the appropriate timing for a fundamental change of collaboration between Libya and theBank. In this context, the project under consideration was approved in June 24th, 2013...

AfDB to launch Tamayoz, a leadership programme to empower a new generation of Libyan leaders

In partnership with Libyan authorities and the Middle East and North Africa (MENA) Transition fund, the African Development Bank (AfDB) will launch "Tamayoz - Libya Leading the Way" Leadership programme. Tamayoz - meaning distinction and uniqueness in Arabic - has been designed to strengthen leadership at the decision-making levels of the public sector, private sector, and civil society in Libya. The programme will offer trainings to current and future Libyan leaders, emphasising core leadership skills to improve collaboration between decision makers. With a main objective to support a...

The Renewable Energy Sector and Youth Employment in Algeria, Libya, Morocco and Tunisia

This paper was prepared by Dr. Isabel Schäfer, under the supervision of Vincent Castel (Chief Country Economist, ORNA) and took into account comments and recommendations made by Moussa Adama (Principal Power Engineer, MAFO/ ONEC), Thouraya Triki (Chief Country Economist, ORNA), Sahar Taghdisi Rad (Senior Economist, ORNA), Hadia Ghezali (Administrative Assistant, DZFO), Khaled El-Askari (Principal Energy officer, EGFO/ONEC). The paper benefited from the overall guidance of Jacob Kolster (Director, ORNA), and was presented in Tunis and Algiers under the guidance of Boubacar Traore (Resident...

Promoting North African Women’s Employment through SMEs

In its latest analysis on North Africa, “Promoting North African Women’s Employment through SMEs”, the African Development Bank points to a host of significant challenges facing women who strive to set up and own SMEs in the region. These include women’s multiple burdens, legal and cultural barriers, lack of access to training and business related support, limited access to property and credit, absence of effective social networks, and problems associated with economic infrastructure. The Bank underlines in particular, seven major challenges. First, while in North Africa there are no...

EOI - Tunisia - Junior Consultant for M&E and knowledge generation – ORNA - 10 2015

The African Development Bank is a multilateral bank whose shareholders comprise 54 African countries and 27 non-regional member countries. The Bank Group’s overarching objective is to spur sustainable economic development and social progress in Africa, and as a result contribute to poverty reduction. The Bank Group achieves this objective by financing a broad range of development projects and programs through public sector loans, private sector loans, equity investment, policy advice and technical assistance grants.

Economic Brief - Promoting crisis-resilient growth in North Africa

Key messages • The Arab Spring was an internally generated crisis, the result of two interwoven processes relating to the patterns of growth and crisis resilience in the region. While North African countries enjoyed moderately high growth between 2003 and 2010, notwithstanding the two crises (food and financial) that hit the region during that period, growth was not inclusive and benefits were not shared broadly across sectors or widely across groups. While North African governments took steps to strengthen crisis resilience at macroeconomic level, they generally failed to protect small...

The AfDB releases its North Africa 2014 Report

The AfDB North Africa 2014 report focuses on inclusive growth, providing an overview of the AfDB's activities in the region, along with a summary of the socio-economic situation in each of the five countries covered. The African Development Bank (AfDB) has released its North Africa 2014 annual report, entitled Looking for inclusion. This year's report focuses on the pressing need for inclusive growth and development, as demonstrated by the uprisings experienced in several countries in the region in early 2011. The report includes a brand new indicator, which measures the extent to...

The AfDB Group in North Africa 2014

From 1990 to 2010, North African countries achieved rapid economic growth and significant progress in human welfare indicators such as poverty reduction, life expectancy, and health status. Nevertheless, this period ended with popular uprisings that toppled long-standing political regimes in Egypt, Libya and Tunisia. This year’s North Africa Annual Report is largely devoted to the topic of inclusive growth and development, the absence of which in several ways helped trigger the uprisings, in an attempt to better understand why economic growth over the 5-10 years preceding the revolutions...

2014-2016 - Libya - Country Re-Engagement Note

Since becoming a member in 1972, Libya has been one of the African Development Bank’s (AfDB or the Bank hereafter) largest shareholders with a subscribed capital of 4.057% as of December 31, 2013. More recently, in 2013, Libya has pledged USD 37 million in contribution to ADF-13. Historically, however, the Bank’s engagement in Libya has been limited mainly due to the country’s significant foreign exchange earnings from oil and gas exports and, hence, limited need for borrowed funds.

Economic Brief - Labour market reforms in post-transition North Africa

Key Messages • North African countries’ labour market policies have produced a dual labour market, characterised by vast inequalities between formal and informal sector workers and between large and small firms. • During the course of the recent crises that have struck the region, government policies for mitigating their impacts have led to a widening of group inequalities and in the weakening of already vulnerable groups. • The growing divide between the ‘haves’ and the ‘have nots’, in a difficult environment characterised by rising living costs, heavy job destruction and...

Economic Brief - The Search for Inclusive Growth in North Africa- A Comparative Approach

Key messages • This paper shows that the longstanding relationship between growth and distribution in economics has been revived in recent years with greater focus on inclusive growth as growth that is capable of benefiting much larger sections of the society. • The extensive descriptive review of a broad set of development indicators for the past two decades and an estimation of a combined single score for measuring ‘inclusive growth’ for individual countries has shown that overall North Africa has fared relatively better recently both in historical terms and compared to many other...

Economic Brief - From Inherited Wealth to Productive Economy - Planning for Development in Post-Civil War Libya

The title of this paper “From Inherited Wealth To Productive Economy” conveys the change that needs to take place within Libya as it stands poised to engage upon a process of long-term economic planning in the wake of the country’s civil war. It consists essentially of a move away from an economy that has relied overwhelmingly on oil revenues within a system that, however had few, if any, national political institutions to guide development--to a new state where political and economic institutions jointly combine in a more inclusive and integrated fashion to provide for economic growth and...