How Can Africa Weather the Crisis?
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Javier Santiso Director
OECD Development Centre
Africa Forum, Paris
5 June, 2009
23 April 2009
How Can Africa Weather the Crisis?
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DEVDEV A policy tank for a better world
Non-OECD members2009 - 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)
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AEOAEO Measuring Africa’s economies since 2001
• Comprehensive, independent analysis
• Short-term macroeconomic forecasts
• Special annual sectoral focus
Key financial backerJunior partners
UNECA
Lead partner
African think tanksLocal consultants
Experts Network
1. Economic overview & annual thematic focus
2006: Transport
2007: Water and sanitation
2008: Technical & vocational skills
2009: Innovation & ICT
2. 47 country chapters
3. Statistical annex and indicators
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Global contextGlobal 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.
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Policies 1Policies 1 OECD countries must not forget Africa
DAC members' net ODA 1990 – 2007DAC Secretariat simulations of net ODA to 2008 and 2010
Source: OECD DAC / DCD, 2008
• Commit to aid, especially in times of crisis, but also• Leverage the countercyclical properties of aid• Work together to minimize aid fragmentation
to maximize aid effectiveness
Donors must:
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Policies 2Policies 2 The emerging world is not forgetting Africa
Source: OECD Development Centre, based on China Mofcom, 2009
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
Real GDP growth in brics
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Africa must rely on itself to build up its futurePolicies 3Policies 3
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Net capital flows to emerging economies
Direct investment Portfolio equity Banks non-bank debt Official flows
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AEO.orgAEO.org Africa’s economic portal for policymakers
• Last but not least, let’s discover…
AfricanEconomicOutlook.org