Event Date and time: Wednesday 22 March, 2017 | 10:00 – 11:00
Venue details: Chatham House| 10 St James’s Square, St. James’s, London SW1Y 4LE
Organisers: Chatham House
Event website: Growth in Africa: The End of Africa Rising?
Event cost: Free
Participants: Abebe Selassie, Director, Africa Department, International Monetary Fund
Regional growth in sub-Saharan Africa is forecast at its lowest rate in 20 years. Weak commodity prices, reduced appetite for foreign investment, drought in much of east and southern Africa, and inadequate government responses have hampered the region’s growth. Rapid and meaningful policies are necessary to reverse this economic contraction. Governments must look to further economic competitiveness and diversification, while more effectively delivering on infrastructure including beyond urban centres and equitable wealth distribution. At the same time, however, it remains necessary to caution against broad regional aggregations, which fail to capture individual economic performances and overlook the sustained growth rates seen in many non-commodity exporting countries.
At this event, director of the IMF’s Africa department, Abebe Selassie will discuss Africa’s current economic trajectory, highlighting the necessary fiscal and policy responses to ensure inclusive ad sustainable recovery.