AfDB to launch inaugural Africa’s Macro-Economic Performance and Outlook report
The African Development Bank [AfDB] Group will launch the inaugural edition of Africa’s Macro-economic Performance and Outlook [MEO] report on January 19, 2023, at its Abidjan Headquarters, according to Emeka Anuforo, the Bank’s Communication and External Relations expert.
The publication will offer policymakers, global investors, researchers, and other development partners an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments.
The new report, to be released in the first and third quarters of each year, will complement the Bank’s flagship African Economic Outlook report which focuses on key emerging issues relevant to Africa’s development.
The following speakers will feature at the launch event: Dr. Akinwumi Adesina, President, AfDB Group, Niale Kaba, Minister of Planning and Development of Côte d’Ivoire and Kevin Chika Urama, Acting Chief Economist and Vice President, AfDB Group
Also to feature will be Professor Jeffrey D. Sachs, Economist, Director of the Center for Sustainable Development at Columbia University. Sachs is also United Nations Secretary-General Antonio Guterres’ Advocate for the Sustainable Development Goals [SDGs].
Meanwhile, African Heads of State will from January 25-27, attend Dakar 2 Summit where they are expected to convene meetings to mobilise and align government resources, development partners, and private sector financing to unleash the continent’s food production potential.
With the removal of barriers to agricultural development aided by new investments, it is estimated that Africa’s agricultural output could increase from US$ 280 billion per year to US$ 1 trillion by 2030.
“Investing in raising agricultural productivity, supporting infrastructure, climate-smart agricultural systems, with private sector investments all along the food value chain can help turn Africa into a breadbasket for the world,” experts say.
Private sector actors will commit to the development of critical value chains. Central Bank governors and ministers of finance will commit to development of financing arrangements to implement Food and Agriculture Delivery Compacts [FADCs], working with ministers of agriculture, as well as private sector players, including commercial banks and financial institutions.
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