Africa's Development Dynamics 2022

In 2022, African economic growth is projected to be a full percentage point below the global rate of 4.9 per cent, mainly because of the COVID-19 pandemic.

This year’s edition of the report Africa's Development Dynamics entitled Regional Value Chains for a Sustainable Recovery was published by the African Union Commission and the OECD Development Centre in May 2022. 

By providing policy recommendations, sharing good practices and drawing on up-to-date statistics, the report aims to assist African leaders in reaching the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local. 

The COVID-19 pandemic is delaying African economies’ convergence with the rest of the world. Based on current projections, the report estimates it will take African countries more than five years to regain their pre-COVID share (about 5 per cent) of the world’s gross domestic product (GDP).

The new report explores how developing regional value chains can help African countries rebound from the socio-economic shocks of the COVID-19 pandemic and accelerate productive transformation. It targets policy areas where private and public actors can support regional value chains when operationalising the African Continental Free Trade Area (AfCFTA). African firms can harness digital innovations to reduce production costs, and governments can design policies for skills development, public procurement and foreign investment to strengthen industrial linkages. 

Two continental chapters examine related African initiatives and global trends. Five chapters tailor policy recommendations to specific value chains in each region. Africa’s Development Dynamics feeds into a policy debate between governments, citizens, entrepreneurs and researchers. It proposes a new collaboration between countries and regions, focusing on mutual learning and the preservation of common goods. 

(OECD/ile)

Read more and download the report at OECD website

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