The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. It examines the main drivers of growth on the… Continue reading Outlook According to the country’s authorities, Abidjan had a population of 4,707,000 inhabitants in 2014, representing 20% … Macro-economics Policy, Forecasting and Research, Independent Development Evaluation (IDEV). Sectoral Reports. 40th SADC Summit Brochure 2020. An Integrated, Prosperous and Peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena. Since its inception in 2006, the AEC series has fostered dialogue and the exchange of knowledge on a variety of issues and challenges facing Africa. African Economic Outlook 2020. It offers an overview of the economies of 54 African countries. Abidjan, the most populous city in French-speaking West Africa, is the economic capital of Côte d’Ivoire, and Yamoussoukro is the administrative and political capital. Source: African Development Bank Group (AfDB) | Nov 20, 2020 Africa Industrialisation Day: African Development Bank calls for Faster Industrialisation of African Economies. The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The bank projects that Africa’s GDP will contract by 3.4% in 2020, dropping by 7.3% from the pre-COVID19 growth projection. Roland Michelitsch r.michelitsch@afdb.org Managers: Rufael Fassil r.fassil@afdb.org Madhusoodhanan Mampuzhasseril m.mampuzhasseril@afdb.org Karen Rot-Münstermann k.rot@afdb.org Talk to us: Phone (IDEV) +225 2026 2841 Phone (AfDB standard) +225 2026 4444 Write to us: 01 BP 1387 Avenue Joseph Anoma, Abidjan 01, Côte d’Ivoire Economic Affairs. Africa Business News of Friday, 17 January 2020. SADC Executive Secretary … Real GDP in Africa is projected to contract by 1.7 percent in 2020, dropping by 5.6 percentage points from the January 2020 pre-COVID–19 projection, if the virus has a substantial impact but of short duration. The African Development Bank (AFDB) will on Thursday, 30 January launch the 2020 edition of its flagship African Economic Outlook (AEO) report at its headquarters in Abidjan, Cote d’Ivoire. Macro-economics Policy, Forecasting and Research, Independent Development Evaluation (IDEV). Download document … Growth in the region will be affected through a combination of channels,including decline in commodity prices, low financial flows, reduced tourism earnings and heightened volatility in financial markets. In support of its home-grown reform agenda, in June 2020, the transitional government requested a Staff Monitored Program (SMP) with the IMF. Insights from the African Economic Outlook report for 2020[1] indicate that although the economy of Africa grew at 3.4% in 2019, North Africa accounted for the largest economic output, contributing 44% of economic growth in Africa – the high level of economic growth in the region is mainly attributed to a proliferation of oil revenue. Source: African Development Bank Group. SADC response to COVID-19. Home > Publications > African Economic Outlook 2020 - Supplement. Resource Mobilization. World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. West Africa’s burgeoning youth population offers a strategic workforce which can be harnessed for employment and economic growth, despite a COVID-19 pandemic that is devastating the continent and global economies, the African Development Bank said in its regional economic outlook report. AfDB experts say that regional integration is now more pertinent than ever in continuing the continent’s economic growth. The African Development Bank (AfDB) in their African Economic Outlook 2020 Supplement has posted a grim outlook for African economies in 2020.. Africa Macro-economic outlook. Share: February 12, 2020. Watch the recording of our webinar on the impact of AfDB-supported irrigation projects in Malawi. Africa is set to recover from its worst recession in half a century. 506 2020 Index of Economic Freedom , Selected Issues and Statistical Appendix, various countries, Washington, D.C., 2011–2019; available at https://www.imf.org. Application Deadline: 21 August 2020. Sign in to the FRMB portal Please enter your sign in details to enter the FRMB portal. Home; Areas of Work. AFDB Socio Economic Database, 1960-2021. Key Documents & Reports ... African Economic Outlook 2020. The African Development Bank (www.AfDB.org) will launch its African Economic Outlook 2020 Supplement in a live Zoom event from 14.30 to 16.00 (Abidjan time) on Tuesday 7 July 2020. Strong multilateral cooperation is required to bring the pandemic under control everywhere. SADC CLIMATE SERVICES CENTRE. Deceleration in output growth will be reflected in negative growth in per capita income of 4.3 percent with the attendant social ramifications. A vast body of literature is developing on the COVID-19 outbreak in Africa and its social, economical, and political consequences. West Africa Economic Outlook 2020 - Coping with the COVID-19 Pandemic ... AfDB; Posted 11 Jul 2020 Originally published 10 Jul 2020 Origin View original. Life after debt: African Development Bank Chief Economist Arezki reflects on governance and growth in Africa Following the launch of the 2021 edition of the African Economic Outlook, Rabah Arezki, the African Development Bank's Chief Economist and Vice President for Economic Governance and Knowledge Management, discusses strategies to rebuild stronger African economies. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. The months after the release of the June 2020 World Economic Outlook (WEO) Update have offered a glimpse of how difficult rekindling economic activity will be while the pandemic surges. User name. I forgot my username/password. Economic Development, Trade, Industry, Mining (ETIM) Share: Discover. The theme of this year’s conference is “Africa beyond COVID-19: Accelerating towards inclusive sustainable development”. Also links to relevant web resources will be included. MapAfrica; Project Portfolio; Data Portal; Quick Links. en fr Home Data Catalog Infographics AfDB Data Repository Publications. AfDB 2020 Annual Meetings Day 2 - Best Of 27/08/2020 ... 2020 Regional Economic Outlook - North Africa 26/08/2020 2020 Annual Meetings Governors Statements 26/08/2020 2020 Annual Meetings Governor Statement, Kenya 26/08/2020 African Development Bank Group 2020 Annual Meetings Opening ceremony (full) 26/08/2020 2020 Annual Meetings Governor Statement, Ireland 26/08/2020 … FEATURED SADC CENTRES / FACILITIES . The analysis shows that Africa’s GDP growth is estimated at 3.5 percent in 2018. African Union Headquarters P.O. Key points from the AfDB’s Development Evaluation Week 2020. China’s imports of both logs and sawnwood also dipped in the first quarter of the year. Insights from the African Economic Outlook report for 2020 indicate that although the economy of Africa grew at 3.4% in 2019, North Africa accounted for the largest economic output, contributing 44% of economic growth in Africa – the high level of economic growth in the region is mainly attributed to a proliferation of oil revenue. Since its inception in 2006, the AEC series … African Development Bank Regional Economic Outlook 2020: In West Africa, harnessing the youth workforce could speed economic recovery in the post-COVID-19 era ... AfDB.org… ... the official views of the African Development Bank, its Boards of Directors, or the countries they represent. African Economic Outlook 2020. This ‘growing’ web dossier keeps track of new scientific publications on this subject. The COVID-19 pandemic in Africa has, as in other parts of the world, an enormous impact on all aspects of life. However, early assessment suggests that the prospect for initial growth projection is now evidently remote. Chapter 1 examines Africa’s growth performance and outlook amid the COVID–19 pandemic. African Economic Outlook 2020 Amid O VID–19 SUPPLEMENT. African Economic Outlook 2020 ... AFRICAN DEVELOPMENT BANK African Economic Outlook 2020 Amid O VID–19 SUPPLEMENT. The Resource Mobilization and Partnerships Department supports the financing of African transformation based on AfDB's Ten-Year Strategy for … The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the transformation of African economies The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Also Read: East Africa holds its ground as Africa’s fastest-growing region. Global site tag (gtag.js) - Google Analytics --> The role of the Infrastructure Consortium for Africa (ICA) is to help improve the lives and economic well-being of Africa’s people through encouraging, supporting and promoting increased investment in infrastructure in Africa. I am already a user . As noted in the October 2020 World Economic Outlook (WEO), a green investment push coupled with initially moderate but steadily rising carbon prices would yield needed emissions reductions while supporting the recovery from the pandemic recession. Economic outlook 2020 Prior to the pandemic the West African economies were poised to expand this year but, according to the West Africa Economic Outlook 2020 - Coping with the See also, the World Economic Outlook Reports. African Economic Outlook 2020 OE Amid COVID.19 SUPPLEMENT 17 A large market with a youthful population A trillion-dollar market opportunity through the African Continental Free Trade Area (AfCFTA) agreements Africa is increasingly connected to the GVCs due to improved internet and mobile phone connectivity and other The African Development Bank Group on Thursday climaxed its 2020 Annual Meetings with a decisive reelection of President Akinwumi Adesina for a second five-year term as the pan-African development body gears up to support the continent’s COVID-19 recovery efforts. Recent News. North Africa is the second fastest, at 4.1 percent. Since its inception, the AWF has been outstanding in providing grants for project preparation with measures to strengthen water governance and water knowledge management. African Economic Outlook 2020 Supplement Amid COVID–19 Download supplement (english) Download supplement (french) Real GDP is projected to grow by 3.4% in 2021 after contracting by an estimated 2.1% in 2020, mainly due to COVID-19 related disruptions, according to the African Development Bank’s (www.AfDB.org) recently released African Economic Outlook (AEO) (https://bit.ly/3lMe67I). Reinforcing the AfDB’s Engagement in Fragile Situations . The African Water Facility (AWF) provides grants and expert technical assistance to implement innovative water projects and raise investment for water projects throughout Africa. African Economic Outlook 2020 - Supplement 07-Jul-2020 If it continues beyond the first half of 2020, there would be a deeper GDP contraction in 2020 of 3.4 percent, down by 7.3 percentage points from the growth projected before the outbreak of COVID–19. The North Africa Economic Outlook 2020 shows that the services, ... f.belbachir@afdb.org. 07/07/2020 . However, early assessment suggests that the prospect for initial growth projection is now evidently remote. SADC PROJECT PREPARATION AND DEVELOPMENT FACILITY. Share: February 12, 2020. The economic outlook for 2017 remains cautiously optimistic largely based on the government’s ability to maintain the policy and structural reform agenda as well as successfully implement the sustainable development strategy. The months after the release of the June 2020 World Economic Outlook (WEO) Update have offered a glimpse of how difficult rekindling economic activity will be while the pandemic surges. Prior to the outbreak of the COVID-19 pandemic, West Africa region was poised to expand by 4.0 percent in 2020.The magnitude of socioeconomic impact of the COVID-19 pandemic on countries in West Africa may not be known with certainty as the situation remains fluid. About the African Economic Outlook report: The African Economic Outlook (https://bit.ly/2DI9y0d) report is one of the African Development Bank Group’s flagship publications. Date & Venue. Highlights from the African Economic Outlook report for 2020², shows the economy of Africa grew at 3.4% in 2019 with North Africa, contributing the largest as the region accounted for 44% of economic growth on the continent – the boost in economic growth in North Africa … Real output could fall by as much as -4.3 percent in a worst-case scenario with prolonged duration and depth of the spread of the COVID-19 pandemic until the end of 2020. The African Community of Practice on Managing for Development Results (AfCoP) is a bilingual community launched in February 2007 at the third International Roundtable on Managing for Development Results in Hanoi, Vietnam. The African Development Bank has estimated that the continent could lose at least $173.1 billion in GDP in 2020 and $236.7 billion in 2021 as a result of the economic fallout of the pandemic, which has forced several industries to shut down and has led to millions of job losses. The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix of the World Economic Outlook report, which presents the IMF staff's analysis and projections of economic developments at the global level, in major country groups and in many individual countries.The WEO is released in April and September/October each year. For its part, the tourism and industrial sectors in North Africa will likely be hardest hit by the COVID-19 pandemic, according to the African Development Bank’s 2020 edition North Africa Economic Outlook … Economic Affairs. FAOSTAT provides free access to food and agriculture data for over 245 countries and territories and covers all FAO regional groupings from 1961 to the most recent year available. English. Chapter 2 explores the causes and consequences of Africa’s debt Prior to the outbreak of the COVID-19 pandemic, West Africa region was poised to expand by 4.0 percent in 2020.The magnitude of socioeconomic impact of the COVID-19 pandemic on countries in West Africa may not be known with certainty as the situation remains fluid. African Economic Outlook 2020 - Supplement . Economic Affairs. Français. West Africa’s growing youth population offers a strategic workforce which can be used for employment and economic growth, despite the pandemic devastating the continent and global economies, the Bank said in its regional economic outlook report. While economic stimulus packages in G-20 countries amount to about 22% of GDP, that figure stands at only 3% for African countries as of September 2020. The 2021 edition of the African Economic Outlook focuses on debt resolution, governance, and growth in Africa. Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. APNODE Webinar: Factors promoting and hampering the evaluation of public policies: Experience from Zimbabwe. Africa’s estimated growth masks significant cross-regional and cross-country variation. Economic growth in Egypt, estimated at 5.6% for 2019, is forecast to strengthen to 5.8% in 2020 and 6% in 2021, supported by broad-based economic reform programs since 2016. The 2020 African Economic Conference (AEC), jointly organized by African Development Bank, the Economic Commission for Africa and the United Nations Development Programme, will be held in Addis Ababa, Ethiopia (or virtually) from 1st to 3rd December 2020 or from the 8 th to the 10 th of December. The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. The chapter emphasizes policy options to mitigate the effects of the pandemic in the short, medium, and long terms. Bank Group President Akinwumi Adesina will unveil the report in the presence of African ministers, diplomats and representatives of international bodies. Source: African Development Bank Group (AfDB) | Jan 30, 2020 African Economic Outlook 2020: Africa’s economy forecast to grow despite external shocks. Africa Millennium Development Goals, African Regional Energy Statistics, 2014, AIKP Water Supply and Sanitation Needs Model (WSS), 2016, African Development Bank, Bank Operations 2016, African Development Bank, Food Security, December 2011, Making Finance Work for Africa, AfDB Country Policy and Institutional Assessment, 2013, Press Releases; News; Annual Meetings Highlights; Vice Presidents Interviews; 2020 Annual Meetings Governors Statements; Beneficiaries Testimonials; Project Impact Stories; Photos; AFDB Group. East Africa maintained its lead as the continent’s fastest growing region, with average growth estimated at 5.0percent in 2019. Date: 8 – 10 December 2020 Venue: … The community was established in response to a call by African governments and practitioners to share lessons learned and good practice in Managing for Menu: DP EA. 25 Mar, 2021. This insights summary is based on a webinar with the same title that was hosted by Deloitte Africa’s Dr Martyn Davies, Africa Automotive Leader, and Managing Director of Emerging Markets and Africa on 24 March 2020. Thus, under a conservative baseline scenario, the economy is now projected tocontract by -2.0 percent in 2020, 6 percentage points below the projected growth rate prior to the pandemic. 9 In March, in an effort to bolster stimulus funding, African finance ministers called for a US$100 billion stimulus package for the continent. The African Development Bank will launch its African Economic Outlook 2020 Supplement in a live Zoom event from 14.30 to 16.00 (Abidjan time) on Tuesday 7 July 2020. African Economic Report 2020 (EN) See previous publications by clicking here. Economic Policy and … Executive Director of the African Economic Research Consortium and Former Governor of the Central Bank of Kenya, Njuguna Ndung'u described the African Economic Outlook 2020 supplement as “a very important and useful policy tool for African countries who actually need it at this time.” “It will be useful now and in the future. It highlights past growth trends and projects future growth for 2017-18 based on prevailing global, regional and domestic dynamics and shocks. Home ADF BOS About us Partnerships Conference. AfDB says that the supplement will be the first-ever published in the Bank’s 19-year history of the African Economic Outlook. The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa Published in March and September, these Interim reports provide updates to the projections, analysis and policy recommendations contained in the main Economic Outlooks released in May/June and November/December. The OECD Interim Economic Outlook provides analysis and GDP growth forecasts for all G20 countries and the world economy as a whole. Password. Attachments. The 2020 edition of the African Economic Conference is jointly organized by the African Development Bank (AfDB), the Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP). is forecast to pick up to 3.9 percent in 2020 and 4.1 percent in 2021. Twenty-fourth Southern African Climate Outlook Forum (SARCOF-24), virtually, 27 to 28 August 2020. Macroeconomic performance and outlook. Africa’s economic growth continues to strengthen, reaching an estimated 3.5 percent in 2018, about the same as in 2017 and up 1.4 percentage points from the 2.1 percent in 2016. The 2020 African Economic Conference (AEC), jointly organized by African Development Bank, the Economic Commission for Africa and the United Nations Development Programme, will be held virtually from the 8 th to the 10 th of December.. OverviewThe 2019 African Economic Outlook (AEO) analyses macroeconomic developments and prospects in Africa. Source: afdb.org 2020-01-17 African Development Bank set to unveil 2020 African Economic Outlook If it continues beyond the first half of 2020, there would be a deeper GDP contraction in 2020 of 3.4 percent, down by 7.3 percentage points from the growth projected before the outbreak of COVID–19. Vison 2050 & RISDP 2020-2030. In the SDS, full implementation of the IEA Sustainable Recovery Plan, published in June 2020 in co-operation with the International Monetary Fund, puts the global energy economy on a different post-crisis track. The African Development Bank Group (AfDB) is a multilateral development finance institution established to contribute to the economic development and social progress of African countries. Log In | Sign Up. Box 3243, Roosvelt Street W21K19 Addis Ababa, Ethiopia Tel: +251 11 551 77 00 Fax: +251 11 551 78 44 Selected series from the publication are available in a database format. During May and June, as many economies tentatively reopened from the Great Lockdown, the global economy started to climb from the depths to which it had plunged in April.
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