Africa’s Development Dynamics 2021
Digital Transformation for Quality Jobs
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Africa’s Development Dynamics uses lessons learned in the continent’s five regions – Central, East, North, Southern and West Africa – to develop policy recommendations and share good practices. Drawing on the most recent statistics, this analysis of development dynamics attempts to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.
The 2021 edition, now published at the beginning of the year, explores how digitalisation can create quality jobs and contribute to achieving Agenda 2063, thereby making African economies more resilient to the global recession triggered by the COVID-19 pandemic. The report targets four main policy areas for Africa’s digital transformation: bridging the digital divide; supporting local innovation; empowering own-account workers; and harmonising, implementing and monitoring digital strategies. This edition includes a new chapter examining how to finance Africa’s development despite the 2020 global economic crisis.
Africa’s Development Dynamics feeds into a policy debate between the African Union’s governments, citizens, entrepreneurs and researchers. It aims to be part of a new collaboration between countries and regions, which focuses on mutual learning and the preservation of common goods. This report results from a partnership between the African Union Commission and the OECD Development Centre.
Also available in: French, Portuguese
Financing development in Africa
The chapter analyses the state of Africa’s development financing in the face of the COVID-19 global crisis and highlights key policy areas to ensure its sustainability. The first section presents recent trends and dynamics of Africa’s main sources of development finance before COVID-19 hit in 2020. The second section discusses the global economic impact of the coronavirus pandemic on domestic resource mobilisation and highlights the opportunities for digitalisation to improve Africa’s tax revenues. The third section analyses the risks of declining external financial flows on African economies. It also identifies policy priorities to relaunch remittances, foreign direct investment and official development assistance to Africa. The last section examines both the urgent need for debt restructuring to free up critical development financing and reforms in debt management to ensure future debt sustainability.
Also available in: French, Portuguese
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