Africafé: Evolving economic trends and the impact on African economies

September 29, 2022

In this episode, Otaviano Canuto talks about a perfect storm coming towards African economies. With inflation soaring and global uncertainty looming from a world economic perspective, Otaviano Canuto shares his thoughts on the crisis and his recommendations to mitigate the adverse effects of the crisis on the African continent.
 

Speakers
Otaviano Canuto
Senior Fellow
Senior Fellow at the Policy Center for the New South, principal at Center for Macroeconomics and Development and non-resident fellow at Brookings Institute. Former Vice President and Executive Director at the World Bank, Executive Director at the International Monetary Fund (IMF) and Vice President at the Inter-American Development Bank. He was also Deputy Minister for international affairs at Brazil’s Ministry of Finance, as well as professor of economics at University of São Paulo (USP) and University of Campinas (UNICAMP). ...
Youssef Tobi
International Relations Specialist
Tobi Youssef has joined the Policy Center for the New South in 2017. He is currently working on Politics and Governance in the Maghreb Region; his areas of expertise are geopolitics, political risk and nation building. Youssef Tobi obtained a Master Degree at Sciences Po Lyon  where he wrote two thesis on “ the role of Moroccan Bank in Africa, a non-state actor in service of the Diplomacy”  and the“ Chasm between the mediatic and associative representation of refugees : a case study”.  Prior to working at the Think tank, Tobi Youssef participated in a Social Entrepreneurship Project in Beirut, Lebanon and conducted an internship in a NGO based in Marseille where he assisted refugees and helped raise funds. ...

RELATED CONTENT

  • Authors
    November 27, 2020
    As President elect Biden prepares for the enormous responsibility of becoming President of the United States (US), there is one question I want to ask him, writes Stephen Young, Washington Representative and Senior Analyst of the ”Union of Concerned Scientists” on November 7th, 2020: “Sir ,are you a fan of nuclear arms race? Because you are being handed one, a burgeoning nuclear and technology arms race waged by Russia, China and the United States.” Two weeks after Joe Biden will be ...
  • Authors
    Souha Majidi
    November 26, 2020
    The Trump Administration “America First” policy changed U.S. foreign policy towards the African continent. Trump opposed trade agreements with several countries, considering them to be unfavorable to the U.S., given the nature of the African market. He shifted the U.S. concern in Africa from fighting against violent extremism and terrorism to a direct competition with other great powers—China and Russia—which had already extensively implemented African strategies. He endeavored to r ...
  • November 26, 2020
    Food security for all requires (i) sustained productivity growth and competitiveness, not only of agriculture but of the entire economy; (ii) a social safety net; and (iii) resilience in the face of periodic shocks. This is the central message of this review. Two popular concepts in food security for all are food self-sufficiency (FSS) and food sovereignty (FSY). While countries have pursued different policies to achieve FSS, the common element in their approaches is the misguided ...
  • Authors
    November 26, 2020
    The insurance sector is rapidly expanding in Africa as firms, households, and governments are increasingly becoming customers in life insurance, non-life insurance, and reinsurance markets. In 2019, Africa’s insurance premiums were valued at $68.15 billion 1 . The largest insurance markets can be found in South Africa, Kenya, Egypt, Nigeria, Algeria, Angola, and Tunisia, which together comprised 83% of all African premiums in 2019 2 . Africa’s insurance sector is often overlooked wi ...
  • November 25, 2020
    Coup sur coup, deux accords géants sont venus marquer l’actualité internationale. L’un, est économique et sonne comme un coup de tonnerre : c’est le RCEP (Regional Comprehensive Economic Partnership), vaste accord commercial asiatique, signé le 15 novembre 2020. Cette date restera dans l’histoire comme ayant associé la Chine à un ensemble de pays asiatiques. Il inclut l’ASEAN (Association des Nations d’Asie du Sud-est, à l’initiative de la démarche) mais, aussi, le Japon et la Corée ...
  • November 24, 2020
    The global economic activity has climbed up since June but there are signs that the recovery may be losing momentum. Instead of a V, U, W, or L, a square root as a recovery shape looks more likely, as we approached before in this series. And the crisis is likely to leave deep, unequal s...
  • Authors
    Patricio Aroca
    Pilar Jano
    Ademir Rocha
    Bruno Pimenta
    November 23, 2020
    Short-term climate conditions may affect crop yields and vintage quality and, as a consequence, wine prices and vineyards’ earnings. In this paper, we use a Computable General Equilibrium (CGE) model for Chile, which incorporates very detailed information about the value chain of the wine sector in the country. Using information for the 2015-2016 harvest, we calibrate climate variability shocks associated with a “bad year” for the wine industry in Chile, when premature rains occurre ...