Africa's Pulse, No. 27, April 2023 PDF Download
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Author: The World Bank
Publisher: World Bank Publications
ISBN: 1464819858
Category : Business & Economics
Languages : en
Pages : 100
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Book Description
Economic growth in Sub-Saharan Africa slowed to 3.6 percent in 2022, from 4.1 percent in 2021 but may be bottoming out. Weak investment growth and macroeconomic instability are weighing on economic activity. Inflation remains persistently high and above target despite early and sizable interest rate increase. Amid unfavorable global financial conditions and high levels of debt, African policymakers must bank on their domestic policy space to restore macroeconomic stability, deepen structural reforms to foster inclusive growth, and implement policies that harness the region's resource wealth during the low carbon transmission. This natural wealth holds significant untapped economic potential to address fiscal challenges and drive economic transformation. The low carbon transition is irreversible and will be intensive in the minerals required for the clean energy transition, many of which are abundant across Africa.
Author: The World Bank
Publisher: World Bank Publications
ISBN: 1464819858
Category : Business & Economics
Languages : en
Pages : 100
Get Book Here
Book Description
Economic growth in Sub-Saharan Africa slowed to 3.6 percent in 2022, from 4.1 percent in 2021 but may be bottoming out. Weak investment growth and macroeconomic instability are weighing on economic activity. Inflation remains persistently high and above target despite early and sizable interest rate increase. Amid unfavorable global financial conditions and high levels of debt, African policymakers must bank on their domestic policy space to restore macroeconomic stability, deepen structural reforms to foster inclusive growth, and implement policies that harness the region's resource wealth during the low carbon transmission. This natural wealth holds significant untapped economic potential to address fiscal challenges and drive economic transformation. The low carbon transition is irreversible and will be intensive in the minerals required for the clean energy transition, many of which are abundant across Africa.
Author: Weltbankgruppe
Publisher: World Bank Publications
ISBN: 1464820430
Category :
Languages : en
Pages : 130
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Book Description
Growth in Sub-Saharan Africa is expected to slow to 2.5 percent in 2023 from 3.6 percent in 2022. It is projected to increase to 3.7 percent in 2024 and 4.1 percent in 2025. However, in per capita terms, the region is projected to slightly contract over 2015-2025. The region faces many challenges, including a "lost decade" of sluggish growth, persistently low per capita income, mounting fiscal pressures exacerbated by high debt burdens, and an urgent need for job creation. Tackling these multifaceted issues requires comprehensive reforms to promote economic prosperity, reduce poverty, and create sustainable employment opportunities in the region. This will require an ecosystem that facilitates firm entry, stability, growth, and skill development that matches business demand.
Author: The World Bank Group
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Economic growth in Sub-Saharan Africa slowed to 3.6 percent in 2022, from 4.1 percent in 2021 but may be bottoming out. Weak investment growth and macroeconomic instability are weighing on economic activity. Inflation remains persistently high and above target despite early and sizable interest rate increase. Amid unfavorable global financial conditions and high levels of debt, African policymakers must bank on their domestic policy space to restore macroeconomic stability, deepen structural reforms to foster inclusive growth, and implement policies that harness the region's resource wealth during the low carbon transmission. This natural wealth holds significant untapped economic potential to address fiscal challenges and drive economic transformation. The low carbon transition is irreversible and will be intensive in the minerals required for the clean energy transition, many of which are abundant across Africa.
Author: Paul Ekins
Publisher: Taylor & Francis
ISBN: 100099760X
Category : Science
Languages : en
Pages : 352
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Book Description
Written by one of the leading experts in the field, Paul Ekins, Stopping Climate Change provides a comprehensive overview of what is required to achieve ‘real zero’ carbon dioxide emissions by 2050, and negative emissions thereafter, which is the only way to stop human- induced climate change. This will require innovation in socio-technical systems, and in human behaviour, on an unprecedented scale. Stopping Climate Change describes the changes required to meet this goal: in technologies, social institutions and individual activities. Paul Ekins examines in detail issues around the supply and demand of energy and materials, and the efficiency of their use. It also analyses greenhouse gas removal technologies, offsetting and geoengineering, and plots the reduction of the non- CO2 greenhouse gas-emitting activities. Having set out the changes required, Ekins considers the economic implications, in terms of both the innovation and investments that are necessary to bring them about, and the effects that these are likely to have on national economies. The evidence presented points clearly to the economic impacts of decarbonisation being positive for the majority of countries, and for the world as a whole, even before considering the benefits of avoided climate change. When the health benefits of stopping the burning of fossil fuels are factored in, the global net benefits of decarbonisation are unequivocal. Drawing on examples from the UK and Europe, but with wider relevance at a global scale, Stopping Climate Change clearly shows how determined policy action at different levels could stop climate change. It will be of great interest to students, scholars and policymakers researching and working in the field of climate change and energy policy.
Author: Albert G. Zeufack
Publisher: World Bank Publications
ISBN: 1464818053
Category :
Languages : en
Pages : 110
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Book Description
The economic impact of the COVID-19 pandemic in Sub-Saharan Africa has been severe; however, countries are weathering the storm so far. Real GDP is estimated to contract by 2.0 percent in 2020—close to the lower bound of the forecast range in April 2020, and less than the contraction in advanced economies and other emerging markets and developing economies, excluding China. Available data from the second half of 2020 point to rebound in economic activity that explain why the contraction in the region was in the lower bound of the forecasts. It reflected a slower spread of the virus and lower COVID-19-related mortality in the region, strong agricultural growth, and a faster-than-expected recovery in commodity prices. Economic activity in the region is expected to rise to a range between2.3 and 3.4 percent in 2021, depending on the policy measures adopted by countries and the international community. However, prospects for a slow vaccine rollout, the resurgence of pandemic, and limited scope for additional fiscal support, could hold back the recovery in the region. Policies to support the economy in the near term should be complemented by structural reforms that encourage sustained investment, create jobs and enhance competitiveness. Reducing the countries’ debt burden will release resources for public investment, in areas such as education, health, and infrastructure. Investments in human capital will help lower the risk of long-lasting damage from the pandemic which may become apparent over the longer term, and can enhance competitiveness and productivity. The next twelve months will be a critical period for leveraging the African Continental Free Trade Area in order to deepen African countries’ integration into regional and global value chains. Finally, reforms that address digital infrastructure gaps and make the digital economy more inclusive †“ensuring affordability but also building skills for all segments of society, are critical to improve connectivity, boost digital technology adoption, and generate more and better jobs for men and women.
Author: Kathleen Beegle
Publisher: World Bank Publications
ISBN: 1464812330
Category : Business & Economics
Languages : en
Pages : 481
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Book Description
Sub-Saharan Africa's turnaround over the past couple of decades has been dramatic. After many years in decline, the continent's economy picked up in the mid-1990s. Along with this macroeconomic growth, people became healthier, many more youngsters attended schools, and the rate of extreme poverty declined from 54 percent in 1990 to 41 percent in 2015. Political and social freedoms expanded, and gender equality advanced. Conflict in the region also subsided, although it still claims thousands of civilian lives in some countries and still drives pressing numbers of displaced persons. Despite Africa’s widespread economic and social welfare accomplishments, the region’s challenges remain daunting: Economic growth has slowed in recent years. Poverty rates in many countries are the highest in the world. And notably, the number of poor in Africa is rising because of population growth. From a global perspective, the biggest concentration of poverty has shifted from South Asia to Africa. Accelerating Poverty Reduction in Africa explores critical policy entry points to address the demographic, societal, and political drivers of poverty; improve income-earning opportunities both on and off the farm; and better mobilize resources for the poor. It looks beyond macroeconomic stability and growth—critical yet insufficient components of these objectives—to ask what more could be done and where policy makers should focus their attention to speed up poverty reduction. The pro-poor policy agenda advanced in this volume requires not only economic growth where the poor work and live, but also mitigation of the many risks to which African households are exposed. As such, this report takes a "jobs" lens to its task. It focuses squarely on the productivity and livelihoods of the poor and vulnerable—that is, what it will take to increase their earnings. Finally, it presents a road map for financing the poverty and development agenda.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: The World Bank
Publisher:
ISBN: 9781464817588
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Global Economic Prospects, January 2022
Author: OECD
Publisher: OECD Publishing
ISBN: 9264098100
Category :
Languages : en
Pages : 10
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Book Description
Designed to strengthen and deepen implementation of the Paris Declaration, the Accra Agenda for Action (AAA) takes stock of progress and sets the agenda for accelerated advancement towards improving the quality and impact of aid.
Author: The World Bank;Government of Rwanda
Publisher: World Bank Publications
ISBN: 1464812853
Category : Business & Economics
Languages : en
Pages : 469
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Book Description
A strong and widely acknowledged record of economic success-including a three-and-a-half-fold increase in per capita income since 1994--places Rwanda among the world’s fastest--growing economies. Traumatic memories of the 1994 genocide are gradually fading, as associations begin to take a more positive form--of a nation on the rise, powered by human resilience, a sense of common purpose, and a purposeful government. Past successes and a sense of frailty have fueled aspirations for a secure, prosperous, and modern future. Sustaining high rates of economic growth is at the heart of these ambitions. Recent formulations of the nation’s Vision 2050 set a target of achieving upper-middle-income status by 2035 and high-income status by 2050. Future Drivers of Growth in Rwanda: Innovation, Integration, Agglomeration, and Competition, a joint undertaking by experts from Rwanda and the World Bank Group, evaluates the country’s possibilities and options in this endeavor. The report identifies four essential drivers of growth--innovation, integration, agglomeration, and competition--and reforms in six priority areas: human capital development, export dynamism and regional integration, well-managed urbanization, competitive domestic enterprises, agricultural modernization, and capable and accountable public institutions.
