As a leading African institution, the African Development Bank was the first to provide headline numbers on Africa's macroeconomic performance and outlook in 2018 by launching this year's edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday, January 17, 2018. AfDB President Akin Adesina acknowledged that "for the first time in the history of the Bank, it published its own African Economic Outlook - alone!" and "that's the kind of African Development Bank we want: a Bank that leads." In preparation for the Bank's Annual Meetings in Busan, Korea, (May 21-25), the report offers researchers, economists and the general public an analyses of African economic development during the previous year and near term. "By offering regional approaches for the first time, Celestin Monga, Chief Economist and Vice President of the African Development Bank's Economic Governance and Knowledge Management, highlights how the Bank wants to leverage its expertise and give a more indepth of analysis and relevance to this publication." More about AfDB in this BRIEFING.
The African Development Bank has expanded its flagship publication, the African Economic Outlook, with five regional reports. The regional economic studies were released in Tunis (North Africa), Abidjan (West and Central Africa), Nairobi (Eastern Africa) and Pretoria (Southern Africa).
(From left to right): Kouassi Rene N’Guettia, Director Economic Affairs, African Union Commission; Arkebe Oqubay, Minister and Special Advisor to the Prime Minister of Ethiopia; Victor Harison, Commissioner for Economic Affairs, African Union Commission; Amani Abou-Zeid, Commissioner for Infrastructure and Energy, African Union Commission; Célestin Monga, Vice-President and Chief Economist, Economic Governance and Knowledge Management, AfDB; Abebe Shimeles, Acting Director, Macroeconomic Policy, Forecasting and Research Department, AfDB.
(From Left - Right) Célestin Monga, the AfDB’s Chief Economist and Vice-President for Economic Governance and Knowledge Management; AfDB's president Akin Adesina; Abebe Shimeles, Acting Director, Macroeconomic Policy, Forecasting and Research, at the launch of the African Economic Outlook (AEO) report, January 17th 2018.
The African Development Bank launched the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on Wednesday, January 17, ... see more »
North Africa ended 2017 with growth of 4.9% of real GDP, up from 3.3% recorded in 2016. The region's economic performance is above a 3.6% average for ... see more »
According to Nnena Nwabufo, the Bank's Deputy Director General for the East Africa Region, the East African Economic Outlook highlights a number of ... see more »
The Central African region recorded 0.9% real GDP in 2017, the lowest growth rate of the continent, although it represents a relative improvement over ... see more »
After several good years, economic growth in West Africa stagnated at 0.5% in 2016. The decline in the price of raw materials and the unimpressive ... see more »
Estimated at 1.6% on average in 2017, real GDP growth in Southern Africa is expected to improve to 2% in 2018 and 2.4% in 2019. Deputy Director ... see more »
The African Development Bank (AfDB)'s Senior Vice-President Charles Boamah and its Acting Vice-President for Finance, Hassatou N'Sele, took the stage during the 2017 AfDB's Annual ... Read more »
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