United Nations Economic Commission for Africa
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African Ministers call for reforms of the IMF’s Special drawing Rights system
No full textAfrican Ministers of Finance, Planning and Economic Development have called for reforms of the IMF’s Special Drawing Rights (SDR) system to strengthen the global financial safety net and make more liquidity available to developing countries. The call for reforms was made during a meeting of the Africa High-level Working Group on the Global Financial Architecture on the margins of the 2023 Annual Meetings of the African Development Bank Group held in Sharm El-Sheikh, Egypt. The ministers emphasized the need for SDR allocation decisions to be made in a rule based analytical manner to reduce the discretionary and political nature of the allocation process
Human capital and productive employment creation: addressing Africa’s skills gap
No full textThe levels of human capital and skills differ widely between continents and over time. While skills and human capital on the African continent have improved over time, a gap with other continents remains (Penn 2019). Of more concern, the gap in human capital between Africa and the rest of the world has widened slightly over the years. While the fast pace of Asia’s human capital growth has contributed to this growing gap, the fact remains that Africa is behind its peers in other continents and the rest of the world. There is a strong link between a country’s human capital and total factor productivity: increasing a country’s population’s skills capacity also improves the efficiency level of that country’s inhabitants. Furthermore, while there is a large gap in the human capital level between Africa and the rest of the world, human capital levels also differ widely within Africa (Penn, 2019). A large cluster of countries has lower levels of human capital and total factor productivity, with a striking geographic or regional divide. Human capital tends to be higher in Southern African and North African countries
Report of the Intergovernmental Committees of Senior Officials and Experts for Central and East Africa on their second joint session: note by the secretariat
No full textReport of the Intergovernmental Committees of Senior Officials and Experts for Central and East Africa on their second joint session. The main objective of the joint session, which was held in a hybrid format, was to discuss regulatory and statutory issues related to the mandate and operation of the two subregional offices and to provide the experts present with a platform to discuss economic and social development challenges and identify realistic, sustainable and integration-driving options aligned with the theme of the meeting
Rapport de la Commission africaine de statistique sur les travaux de sa huitième réunion: Note du secrétariat
No full textLe présent document s’agit de la huitième réunion de la Commission africaine de statistique s’est tenue du 24 au 26 octobre 2022 sous le thème « Moderniser les écosystèmes de données en Afrique pour soutenir l’intégration régionale ». L’objectif de cette réunion était d’examiner les tendances actuelles et de concevoir des solutions statistiques nouvelles et innovantes pour renforcer les systèmes statistiques nationaux en Afrique dans le contexte de la reprise après la pandémie de la maladie à coronavirus (COVID-19)
Salvaging the 2030 Agenda for Sustainable Development and Agenda 2063: the Africa we want, of the African Union
No full textThe present brief sets out the prospects in Africa for achieving the Sustainable Development Goals and Agenda 2063 in the context of the cascading crises that have been triggered by the coronavirus disease (COVID-19) pandemic and the war between the Russian Federation and Ukraine. The analysis draws on the findings of the 2022 Africa Sustainable Development Report of the African Union Commission, the Economic Commission for Africa (ECA), the United Nations Development Program and the African Development Bank, which was focused on the theme of the 2022 high-level political forum on sustainable development:
“Building back better from the coronavirus disease (COVID-19) while advancing the full implementation of the 2030 Agenda for Sustainable Development”. The brief includes proposals for policy measures to accelerate the achievement of the Sustainable
Development Goals and to enhance resilience to external shocks
Performance et perspectives économiques trimestriels de l’Afrique Juillet-septembre 2023:les échanges dette-nature sont-ils une solution viable pour résoudre la triple crise de la dette, du financement climatique et de la conservation de la nature en Afrique ?
No full textDe nombreux pays africains sont parmi les plus vulnérables au monde face aux changements des conditions écologiques et climatiques. En outre, presque tous les pays du continent sont actuellement très endettés. Ils sont donc pris dans un cercle vicieux : le service de la dette réduit la marge de manœuvre budgétaire disponible pour les investissements dans l’adaptation au changement climatique et l’atténuation de ses effets ou pour lutter contre la dégradation de l’environnement. Les échanges dette-nature et climat permettent aux pays qui possèdent une biodiversité précieuse de faire payer à d’autres leur protection et leur approvisionnement en tant que bien public mondial. Ils pourraient donc attirer de nouveaux fonds ou parties prenantes et même générer des revenus supplémentaires pour ces pays. Cependant, malgré leur grand potentiel, les échanges dette-nature et climat restent, pour l’instant, un instrument de niche sur le marché financier. Le présent rapport évalue la faisabilité de la mise en œuvre des échanges dette-nature et climat en Afrique, ainsi que leur potentiel à mobiliser des financements supplémentaires pour les mesures climatiques tout en réduisant le fardeau de la dette. Il examines comment les pays africains pourraient tirer parti de l’intérêt croissant des investisseurs pour ces instruments qui protègent la biodiversité et répondent à la crise climatique. Le rapport contient également des recommandations sur la manière de concrétiser au mieux les promesses des échanges dette-nature
Fostering rapid capture and sustainable exploitation of the demographic dividend in West Africa
No full textThe United Nations Economic Commission for Africa (ECA), through its Sub-Regional Office for West Africa, in collaboration with the Regional Consortium for Research in Generational Economics (CREG) is organizing a regional workshop on Budgeting Sensitive to Demographic Dividend (BSDD) in Cotonou, Benin from May 22 to 26, 2023. The main objective of the workshop is to build the capacity of the Member States on Retropolation and Connexion of the Demographic Dividend Monitoring Index (DDMI), the latter being the 3rd step of the BSDD process. "The demographic profile of West Africa has consequences for wealth creation and the inclusive and sustainable development of our countries. Reversing this trend is more than a priority, it is an imperative. It is an emergency," concluded the Director of the ECA Sub Regional Office for West Africa
Local content thresholds for the fertilizer, packaging and pharmaceutical sectors (2023)
No full textThis report is aimed at developing local content thresholds for the fertilizer, packaging, and pharmaceutical sectors in Zimbabwe. It was developed on the basis of a desk review of the national local content strategy and its associated policies, laws and regulations, and the findings of market studies on the state of those sectors and their supply chains. The review encompassed the guidance provided through national strategic plans, laws, and policies, focusing on local content procurement challenges and opportunities
Post Mortem: Webinar women and gender equality in the operationalization phase of the AfCFTA
No full textThe webinar which gathered more than 90 stakeholders from the private sector, the public sector, civil society organizations, international organizations, and academia, aimed at providing a platform for discussion around the challenges women entrepreneurs
and women engaged in intra African trade face, the opportunities of the AfCFTA, and expectations regarding UNECA’s support to ECCAS and its Member States in this regard
ATPC reaffirms its commitment to contribute to the AU theme of the Year 2023 “Acceleration of AfCFTA Implementation”
No full textATPC reaffirms its commitment to contribute to the AU under the Theme of the Year 2023 “Acceleration of AfCFTA Implementation”. Stephen Karingi, Director of Regional Integration and Trade Division at the Economic Commission for Africa (ECA), called on African countries to expedite the reform of their domestic policy and institutional landscape to boost intra-African trade and accelerate economic transformation through effective implementation of the African Continental Free Trade Area (AfCFTA). The AfCFTA can help Africa fix its macroeconomic challenges, address food insecurity, overcome the predicament of jobless growth, and serve as a tool for inclusive and sustainable development. All this is possible, but only if we fully implement the AfCFTA and unleash its potential to the full,” said Mr. Karingi. The key to succeed in this endeavor lies in our ability to use the AfCFTA as a platform for Africa’s industrialization, added Mr. Karingi. To this end, ECA is supporting several initiatives, including the development of the electric battery value chain in the Democratic Republic of Congo and Zambia