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

  • August 26, 2022
    In a conversation with Helmut Sorge, Columnist at the Policy Center for the New South, the Founder of the Global Initiative for Food Security and Ecosystem Preservation, and Atlantic Dial ...
  • Authors
    August 24, 2022
    Chinese economic figures released since August’s beginning have shown a slowdown in its growth. New Omicron coronavirus outbreaks in the context of the Covid-zero policy, the housing slump and heat waves have been, decelerating the economy’s pace. China’s current growth slowdown is an additional step in the trajectory of gradually declining rates that has accompanied the “great rebalancing” since the beginning of the 2010s. One significant difference now is the perception of exhaust ...
  • Authors
    August 23, 2022
    Disruptions to global value chains (GVCs) – caused by conflicts, natural disasters, and accidents that close transport routes – and that affect specific regions or sectors, are not unusual. However, in recent years and amid the Covid-19 pandemic, they have become more frequent and severe. High profile, sizeable, and repeated disruptions raise pressing questions: Is the breakdown in many GVCs a temporary glitch, or a permanent phenomenon? Have GVCs become endemically more accident pr ...
  • Authors
    August 23, 2022
    The rules he followed were his own. Made by Boris for Johnson. From his earliest days, Alexander Boris Johnson noted the BBC (July 7, 2022) “tended to believe rules were for other people.” When he worked as a journalist in Brussel’s decades ago, he unchained his phantasy and filed reports which were close to the truth but more often than not, just fake. “His route to No 10 Downing Street “, writes Jonathan Freedland in the “Guardian “(July 7, 2022), “was smoothed with lies.” Once, h ...
  • Authors
    Mohamed Benabid
    August 22, 2022
    L’information constitue l’une des ressources les plus convoitées sur la planète, et invite à examiner la manière dont elle s’intègre en tant qu’objet de pouvoir et de domination dans les processus politiques, nationaux et internationaux. Les tensions autour de cette ressource s’expriment non seulement à travers les territoires directement contrôlés par les États mais aussi ceux disputés ou de compétition, y compris dans leur acceptation intangible comme pour le cyberespace. La guerr ...
  • August 19, 2022
    Despite some exceptions such as Rwanda, Morocco and Tunisia to some extent, about 80% of Africa still has not learnt that being dependant on others is putting your population at risk, acc ...
  • Authors
    August 18, 2022
    On the evening of August 15, the Kenyan Independent Electoral and Boundaries Commission (IEBC) declared William Ruto, the vice-president of the outgoing government, as winner of the presidential race. The announcement was not made in a situation of calm, as political unrest and turbulence erupted a few moments before Wafula Chebukati, the Chairman of the Electoral Commission, announced the winner’s name. For the first time since it was established by the Constitution in 2011, the me ...
  • Authors
    August 17, 2022
    In May 2021, the International Energy Agency’s (IEA) report Net Zero by 2050 stated that there is no need for new investments in oil and gas fields in their net zero pathway[1]. The message was clear: place your next investments in clean energy sources and energy efficiency. However, the IEA’s Africa Energy Outlook 2022 stated that Africa’s industrialisation relies in expanding the use of natural gas[2]. Even the IEA executive director Fatih Birol said, “if we make a list of the top ...