How Can Africa Weather the Crisis?

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OECD countries will envy the growth rates of African countries in 2009, but the African continent will not overcome the crisis unwounded and much will depend on the policies implemented by donors and African governments.

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  • Welcoming adress
  • How Can Africa Weather the Crisis?

    1. 1. Javier Santiso Director OECD Development Centre Africa Forum, Paris 5 June, 2009 23 April 2009 How Can Africa Weather the Crisis?
    2. 2. DEV A policy tank for a better world Non-OECD members 2009 - 15 members OECD members 2009 - 23 members Egypt South Africa India Thailand Brazil Chile Peru Indonesia Morocco Mauritius Romania Vietnam Colombia Israel Costa Rica AfDB (Observer)
    3. 3. AEO Measuring Africa’s economies since 2001 <ul><li>Comprehensive, independent analysis </li></ul><ul><li>Sh ort-term macroeconomic forecasts </li></ul><ul><li>Special annual sectoral focus </li></ul><ul><li>Economic overview & annual thematic focus </li></ul><ul><ul><li>2006: Transport </li></ul></ul><ul><ul><li>2007: Water and sanitation </li></ul></ul><ul><ul><li>2008: Technical & vocational skills </li></ul></ul><ul><ul><li>2009: Innovation & ICT </li></ul></ul><ul><li>47 country chapters </li></ul><ul><li>Statistical annex and indicators </li></ul>Key financial backer Junior partner s UNECA Lead partner African think tanks Local consultants Experts Network
    4. 4. Global context Africa is still growing fast but… Source : OECD Development Centre / African Development Bank, 2009 Note : the African Economic Outlook is a joint product of the AfDB, the OECD Development Centre and the UNECA.
    5. 5. Policies 1 OECD countries must not forget Africa DAC members' net ODA 1990 – 2007 DAC Secretariat simulations of net ODA to 2008 and 2010 Source : OECD DAC / DCD, 2008 <ul><ul><li>Commit to aid , especially in times of crisis, but also </li></ul></ul><ul><ul><li>Leverage the countercyclical properties of aid </li></ul></ul><ul><ul><li>Work together to minimize aid fragmentation </li></ul></ul><ul><ul><li>to maximize aid effectiveness </li></ul></ul>Donors must:
    6. 6. Policies 2 The emerging world is not forgetting Africa Source : OECD Development Centre, based on China Mofcom, 2009 Real GDP growth in brics India China Source : OECD Development Centre, based on UNCTAD, Nepgen and Jansson 2009 Significant Chinese and Indian investments in African infrastructure, up to April 2008
    7. 7. Africa must rely on itself to build up its future Policies 3
    8. 8. AEO.org Africa’s economic portal for policymakers <ul><li>Last but not least, let’s discover… </li></ul>AfricanEconomicOutlook.org

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