Business
African Economic Outlook Report For Launch
The 2013 African Economic Outlook (AEO) Report will be launched at the UN Economic Commission for Africa (ECA) on Sept. 26 in Addis Ababa, a statement said.
Notice of the launch is contained in a statement issued by the ECA Information and Communication Directorate, made available to the News Agency of Nigeria (NAN) in Addis Ababa on Sunday.
The statement noted that the annual report is jointly produced by the Commission, the African Development Bank (AfDB), the Development Centre of the Organisation for Economic Co-operation and Development (OECD) and the UN Development Programme (UNDP).
According to the statement, this year’s report, which has “Structural Transformation and Natural Resources’’ as its theme, shows that Africa’s economic growth has been resilient in the face of global head winds and regional shocks.
It said the AEO 2013 provided medium-term projections on economic growth and selected macro-economic indicators covering 53 countries.
The statement noted that only Somalia was not included in the study, which included a rich statistical annex.
It highlighted the state of play in African countries with respect to structural transformation and what policy instruments needed to harness the continent’s diverse natural resources for more sustainable and inclusive growth.
Our correspondent reports that synopsis of country case studies showed the endowment of regional member countries in human and natural resources, which provided unique opportunities to foster structural transformation through close linkage with other sectors.
The AEO Report had gained analytical rigour and readership since its inception, making it a hugely anticipated premier publication on Africa’s development prospects.
The statement said the essence of the report was to broaden the knowledge on African economies and to offer valuable and evidence-based support for effective policies and investment decisions, as well as donor interventions.
“The report has proven to be a tool for strengthening capacity building for economists in the partner institutions and local experts in the countries, thereby reinforcing ownership and sustainability of the exercise,“ the statement added.
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