AES 2023 - Report Presentation – Annual Report on the African Economy / Closing Remarks

Addressing inequalities in all their forms has emerged as one of the major global challenges faced by numerous countries across the globe, particularly in Africa. In a context where Africa faces many pressing challenges that are the subject of much analysis (Sarbib et al. 2022), there is a clear gap in conducting comprehensive reviews focused on inequalities, partly due to the lack of available data. Inequalities, which are both consequences and partial causes of poor development o ...

This book was originally published on elibrary.imf.org   Throughout the past two decades, Morocco has faced several external and domestic shocks, including large swings in international oil prices, regional geopolitical tensions, severe droughts, and most recently the impact of the pandemic and the economic fallout from Russia’s invasion of Ukraine. Despite rough waters, the government stayed the course and remained focused not only on immediate stability, but also on the long-ter ...

This paper was originally published on mdpi.com   The labor market can be a daunting place for young graduates; this paper aims to shed light on how they navigate it. By examining the ways in which they enter the workforce and the impact of individual and socioeconomic factors on their career paths, we gain a deeper understanding of the challenges they face. We use a two-stage approach to study this issue: first, we create a typology of graduates’ integration paths and then estima ...

This paper reviews the past performance of industrialization in Africa and identifies key considerations for policymaking. To date, African countries have lagged in industrialization compared to other continents, in spite of the determined efforts and aspirations of their leaders. However, recent evidence suggests that Africa’s de-industrialization trend began to reverse in the past decade, with some countries experiencing growth in manufacturing employment. Notably, more jobs have ...

On the day he formally took power in Nigeria, 29 May, President Bola Tinubu put an end to fuel subsidies.  It was a bold and politically difficult decision, but long overdue. Nigeria is a leading oil producer and yet its citizens struggle to put gas in their tanks. It exports crude oil but imports refined fuels. For years, the government capped the gasoline price and paid importers the difference between the higher landed cost of petrol and diesel and the lower price at the pump. Th ...