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Occasional Paper 29 En

Drivers of Economic Growth in Africa

  • File Details
  • Size: 25MB
  • Creator / Author: Joan Addedis
  • Resource Type: Africa Capacity Report
  • # Download: 254
  • Access: Open to Download

Basic Information
Creator / Author
ACBF
Source / Publisher
ACBF
Resource Type
Geographic & Audience Details
Geographic Coverage
Classification & Domains
Subject
Economic Growth
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Abstract

The paper produced by the African Capacity Building Foundation (ACBF) shows that investment, human capital formation, debt, and overseas development assistance drive Africas economic growth. It recommends paying attention to capacity, which is critical to making Africas growth sustainable and inclusive. Continental, regional, and national long-term growth plans require stronger capacities to improve economic governance, align national and subnational institutions, coordinate planning and financing ministries, and cultivate a culture of committed leadership to stir economies when times are hard and execute recovery plans without policy reversals. The paper provokes discussion, encourages further investigation, and defines the critical capacity challenges to tackling the growth-equality disconnect in Africa.
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Keywords

Poverty Alleviation, CAPACITY DEVELOPMENT, AGENDA 2063, Infrastructure andTtechnology Transfer, Illicit Finance Flow, IFFs, Debt, SOVEREIGN BONDS
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