african economic outlook 2007
Download
Skip this Video
Download Presentation
African Economic Outlook 2007

Loading in 2 Seconds...

play fullscreen
1 / 25

African Economic Outlook 2007 - PowerPoint PPT Presentation


  • 266 Views
  • Uploaded on

African Economic Outlook 2007. Measuring the Pulse of Africa. 8 December 2007 Africa EU Summit. Louis Kasekende Chief Economist , African Development Bank Javier Santiso Chief Development Economist , OECD Development Centre. T he African Economic Outlook Project. 1. 2.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'African Economic Outlook 2007' - Sharon_Dale


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
african economic outlook 2007

African Economic Outlook 2007

Measuring

the Pulse of Africa

8 December 2007

Africa EU Summit

Louis Kasekende

ChiefEconomist, African Development Bank

Javier Santiso

ChiefDevelopmentEconomist, OECD Development Centre

slide2
The African Economic Outlook Project

1

2

Africa’s Economic Performance 06/07: Multifaceted Growth

3

Measuring The Pulse of Africa

slide3
UNECA

Africa, EU, OECD: a unique partnership

AEO

Lead partner

Junior partners

Consultants, think tanks …

Experts Network

Main Financial Partner

slide4
An innovative product

AEO

  • Comprehensive, independent analysis
  • Short-termmacroeconomicforecasts
  • Special annual focus
    • 2003: Privatization
    • 2004: Energy
    • 2005: SMEs
    • 2006: Transport
    • 2007: Water and sanitation
    • 2008: Technical & vocational training
  • Overview & annual thematic focus
  • Comparable country chapters
  • Statistical annex and indicators
slide5
Tunisia

Morocco

Algeria

Libya

Egypt

Mauritania

Niger

Mali

Senegal

Chad

Sudan

Eritrea

Gambia

Guinea-Bissau

Burkina

Faso

Djibouti

Guinea

Nigeria

Ethiopia

SierraLeone

Côte

d'Ivoire

Togo

Central African

Republic

Ghana

Liberia

Cameroon

Somalia

Equatorial Guinea

Uganda

Congo

Gabon

Kenya

Rwanda

Dem.Rep.

Congo

Burundi

Tanzania

Angola

Malawi

Zambia

Mozambique

Zimbabwe

Madagascar

Namibia

Botswana

Swaziland

Lesotho

South

Africa

Coverage 2007: 31 African countries

AEO

New in 2008:

Cape Verde

Liberia

Libya

Equatorial Guinea

Cape verde

Benin

Sao Tome et principe

91% of GDP

86% of population

AEO 2007

Comores

Mauritius

slide6
The African Economic Outlook Project

1

2

Africa’s Economic Performance 06/07: Multifaceted Growth

3

Measuring The Pulse of Africa

slide7
Africa continues steady growth

Growth

In 2006, real GDP growth exceeded 5% for the third consecutive year

Africa

Growth is becoming more broad-based:

  • 23 countries achieved GDP growth rate of above 5 % in 2006
  • 15 countries achieved GDP growth rate between 3% to 5% in 2006

Total OECD

Source: AfDB/OECD

slide8
The commodity boom: a key role

Growth

Global commodity prices 2001-2007

Source: World Bank

slide9
Vibrant and Stable in oil-producing countries

Growth

26.9 %

Source: AfDB/OECD

Source: AfDB/OECD

slide11
The rewards of economic reform

Growth

Africa: inflation and fiscal balance

(2000-2006)

  • Public finance management is generally good and improving
  • Greater macroeconomic stability attained :
  • Fiscal balance is positive
  • Inflation is stable

Source: AfDB

slide13
Fewerbullets, more ballots

Governance

Presidential elections

in 2006

Benin

Cape Verde*

Chad

DRC*

Gambia

Madagascar

Sao Tome et Principe*

Seychelles

Zambia*

Uganda

*Parliamentary elections also

*Weighted sum of events

slide16
Aid

ODA & debt relief have helped stimulate growth

… but aid is still falling short of Gleneagles commitments of doubling assistance to Africa by 2010

… there is little new aid beyond debt relief and humanitarian aid

slide17
Oil exporter & importers: divergent paths?

Outlook

Fiscal Balance

Growth

Oil and Mineral exporters

Challenges:

  • Capitalise on windfall gains
  • Maximise spillover to rest of the economy
  • Avoid Dutch Disease

Oil importers

Challenges:

  • Contain inflationary pressure
  • Finance widening trade deficit
  • Streamline spending to prioritise poverty reduction

Trade Balance

Inflation

Source: AfDB/OECD

slide18
The African Economic Outlook Project

1

2

Africa’s Economic Performance 06/07: Multifaceted Growth

3

Measuring The Pulse of Africa

slide19
An African / Europeanpartnership

AEO

  • A Maturing Relationship
  • An EU/OECD initiative with the African Development Bank
  • Combining OECD approach (best practice, peer review) and AfDB regional expertise
  • 2008: AfDB takes over as lead partner
  • A tool for business, finance & policy actors
  • Expanding country coverage
  • Improved modelling, forecasts & indicators
  • Feeding into the policy-making process
  • Supporting operational activities
  • Increased co-operation with local institutions
slide20
Comparative, up-to-date and forward-looking tool
  • Monitoring progress towards MDGs of African countries: 31 countries in 2007 and 35 in 2008!
  • Sound Statistical analysis and data computation
  • Original indicators (political troubles, diversification) and macro forecasts
  • New background research:Working papers on political indicators, privatisation, etc.

Analysing crucial themes for Africa development

  • Previous years: privatisation, energy, SME financing, transport, water
  • AEO 2008: “Technical Skills Development in Africa”
  • Deeply rooted in African realities
  • Network of local experts, constant dialogue with stakeholders
  • Quality peer review involving AfDB country and sector economists

An indispensable tool

AEO

slide21
A strong African voice in policy dialogue

AEO

  • Promoting public debate on economic policies
  • At national level (African policy makers)
  • At regional and continental level (input for African Peer Review Mechanism)
  • Building indicators tracking main APRM areas of focus
  • Promoting best practice and lessons learned through experience
  • Supporting the International Dialogue on Africa’s Development
  • Monitoring capacity-building in infrastructure, trade, institutions
  • Monitoring policy reforms, financial flows for development
  • Millennium Development Goals
  • Monitoring progress in 31 countries in 2007, 35 in 2008
  • AEO, a joint AfDB/OECD/UNECA contribution to Goal 8
slide22
Net Progression in Media Impact

AEO

Citations in mainstream media

Source: OECD

slide23
Practical involvement in policy outcomes

AEO

The AEO contributes to the issues debated at today’s EU-Africa Summit

  • Water
  • Inefficiencies not in resources, but in management
  • Transport Infrastructure
  • Reverse neglect through strategic PPP projects drawing on exterior funding
  • Energy
  • Coordination of regional energy investment structures
  • SME financing
  • Facilitation of SME-business friendly environments
slide24
Questions for the Summit

AEO

  • How can the African Economic Outlook help develop African economies?
  • How can the AEO contribute to reinforce the co-operation between Africa and Europe?
  • How can African input more effectively into the AEO process?
slide25
Thank you

Obrigado

More information:

www.oecd.org/dev/aeo

ad