africa

Amid a heated election battle for the re-election of the Japanese Senate, Japanese leader Shinzo Abe was assassinated in a dramatic way that caused great shock and disbelief in the Japanese public opinion. Dr. El Mostafa Rezrazi with PM Shinzo Abe at the Summit of the 5th Edition of TICAD held in Yokohama in June 2013 After his health deteriorated, the man voluntarily left office in 2020, but his party’s comrades persuaded him to give them more support in the election campaign. On ...

Covid-19 has a far-reaching impact and is imposing a slowdown on the world economy, raising fears of the worst consequences on production, jobs and the immediate future of developing economies. Fiscal and monetary authorities around the world are engaging in policies to support their economies with unprecedented funds and initiatives. The African continent, also affected by the pandemic, is pursuing courageous economic (fiscal and monetary) policies, but the main question is what ne ...

Illicit financial flows (IFFs) have become a serious threat to the attainment of global development goals. On February 28th, 2020, the President of the United Nations General Assembly, Tijjani Muhammad-Bande, and the President of ECOSOC, Mona Juul, have announced a high-level panel on international financial accountability, transparency, and integrity (FACTI) as a means to address this challenge, which inhibits financing for the Sustainable Development Goals. This paper provides an ...

This paper suggests that tribal dynamics of power structure are key in reestablishing peace and development in the region. The Sahel region’s security challenges are directly influenced by tribalism and ethnic dynamics. In recent decades mistreatment, favoritism, and corruption allowed criminality and multidimensional conflicts to flourish. This is evident in Mali, Niger, Burkina Faso, Libya, and Chad. Lightly governed and poorly secured regions in these countries became more strate ...

After a long spell of slow growth in the wake of the global financial crisis, the global economy was gaining speed over 2016-2018, but this recovery is now in some danger. The likelihood of imminent recession is low but growth will be slow over 2019-2020, and growth next year presents many uncertainties. Growth is supported by the consumer for the time being, but business has become very nervous and something will have to give. There are significant and specific risks in the large e ...

This paper empirically examines the impact of exchange rate arrangements on current account imbalances within the African context. Following Friedman’s hypothesis (Friedman, 1953), we test the propositions stating that flexible exchange rate regimes limit the magnitude of real external shocks and permit smoother adjustments of external imbalances. Using a new de facto exchange rate regime classification, we employ two empirical methodologies to test this hypothesis: we first apply a ...