AFRICAFE: IMF's Regional Economic Outlook for Sub-Saharan Africa

July 25, 2024

In today's episode, we turn our focus to the economic landscape of sub-Saharan Africa, a region grappling with significant challenges and opportunities as it strives for recovery. According to the latest IMF economic outlook for sub-Saharan Africa, the region has faced diverse economic challenges in recent years, from global economic slowdowns to internal fiscal pressures. However, amidst these obstacles, signs of resilience and growth are emerging. With nearly two-thirds of its countries anticipating higher economic growth, there is optimism about the trajectory ahead. In this episode, we are honored to be joined by Dr. Abebe Aemro Selassie, Director of the African Department at the International Monetary Fund, to delve into key issues shaping the region's economic outlook. From factors driving recovery to fiscal management strategies and international support mechanisms, we explore critical questions that are shaping the future of sub-Saharan Africa's economic landscape.

Speakers
Ahmed Ouhnini
Economist, Policy Center for the New South
Ahmed Ouhnini is an Economist at the Policy Center for the New South. His research area covers agricultural economics, human and social development. Previously, he has worked as a researcher at the Paris School of Economics (PSE) and has also a record of working in consulting services in Morocco. Ahmed holds an engineering Diploma in Agriculture and Rural Development from the National School of Agriculture of Meknes and a Master’s Degree in Law, Economics and Management from the Paris 1 Pantheon Sorbonne Institute of Development. ...

RELATED CONTENT

  • December 13, 2017
    As a significant complement to the Atlantic Dialogues conference, the Atlantic Currents publication allows a deeper and further extension of the analytic contribution provided by the “Dialogues”.The goal being to enlarge the discussion pertaining to economic, political and security dimensions of a wider Atlantic area, favoring a new geopolitical construction of this strategic region. OCP Policy Center is proud of the role it has played in extending the transatlantic debate to embrac ...
  • December 12, 2017
    Infrastructure development is a key factor for growth and an essential catalyst for sustainable and socially inclusive development. The emergence of a large middle-class on the African continent is driving the demand for socio-economic infrastructure including access to water and sanita...
  • Authors
    Will Martin
    December 5, 2017
    The second United Nations Sustainable Development Goal (SDG2) includes the goal to: “End hunger and achieve food security and improved nutrition” by 2030. While such an ambitious goal will clearly involve a wide range of policies and actors, this policy brief focuses on the role of trade policies in affecting food and nutrition security. Extensive and frequently contentious, debate swirls about whether trade in agricultural products is beneficial or detrimental for food security, pa ...
  • Authors
    November 30, 2017
    إن أسواق العمل في منطقة الشرق األوسط وشمال إفريقيا تتباين فيما بينها بشكل كبير، فهناك بعض الدول النفطية اليت تقوم باستيراد العمالة فيما تقوم بلدان أخرى، ومن ضمنها المغرب، بتوفير اليد العاملة والكفاءات المهاجرة. هذا وتظهر على المغرب معالم وجود بطالة مقنعة على المستوى الهيكلي بالرغم من وتيرة النمو السريعة اليت سارت عليها البالد. وهناك عدد من األسباب المتشعبة اليت تقف وراء هذا النمو العاجز عن خلق فرص عمل ِّ ها في َّ بعة قد تتمكن من التخفيف من حدة اإلشكالية ولكن دون أن تنجح في حل مكتملة ...
  • Authors
    November 30, 2017
    The jobs markets across the Middle East North Africa region vary greatly, with some oil-rich countries importers of labor while others, including Morocco, are the source of emigrants. Morocco exhibits structural underemployment despite having grown quite rapidly. The reasons for Morocco’s job-poor growth run deep. Policies can mitigate the problem but are unlikely to solve it in the foreseeable future. ...
  • Authors
    November 27, 2017
    Current technological developments in manufacturing are likely to lead to a partial reversal of the wave of fragmentation and global value chains that was at the core of the rise of North-South trade from 1990 onwards. At the same time, China – the main hub of the global-growth-cum-structural-change of that period - may attempt to extend the previous wave through its “One Belt, One Road” initiative. ...
  • November 16, 2017
    The purpose of this paper is to propose the establishment of a forward-looking partnership between China and Morocco, centered around the agri-food issue in Africa. It is in Africa that the food demand will increase in a very significant way during the 21st century due, in particular, to population growth and the acceleration of urban development. Africa must succeed in its agricultural revolution in order to fight hunger and poverty, ensure the industrialization of its economy and ...
  • Authors
    Thomas Awazu Pereira da Silva
    November 9, 2017
    This paper sheds light on the increasing and persistent skilled unemployment in Morocco over the past decade – oscillating around 20% of total unemployment. It identifies and estimates the role and significance of a skill mismatch between Morocco’s education system and its labor market, illustrated by the ratio between technical and general university degrees produced by the education system. The paper finds supporting evidence that a skill mismatch does play a significant role in e ...
  • October 24, 2017
    Input-output tables provide a rich source of information about the structure of economies that is not available from other frameworks. In addition to providing key information for the analysis of linkages between activities (and regions), the tables also provide the underlying core database used in a range of economic models. If used appropriately, these more sophisticated models can meaningfully assess the impact of economic change, at the national and regional levels. They can als ...