Amid Anxiety, Experts Confident Of Africa’s Economic Growth

IN spite of disconnect between economic growth and standards of living on the continent, African economic policy experts insist the continent could become a point of reference for global growth. Speakers from many African countries yesterday evaluated pains and gains of economic growth amid fresh anxiety at the ongoing Meeting of the Committee of Experts of the fifth Joint Annual Meetings of the African Union Conference of Ministers of Economy and Finance and UN Economic Commission of Africa Conference of African Ministers of Finance, Planning and Economic Development in Addis Ababa, Ethiopia.

The United Nations Under-Secretary-General and Executive Secretary of ECA, Mr. Abdoulie Janneh, said Africa has maintained a healthy economic growth rate despite slow global growth and political upheaval in North Africa and West Africa, while taking particular note of security challenges in Nigeria and ongoing power tussle in Mali.

He outlined three critical issues for structural transformation of Africa— having a clear vision of its development needs, articulating a strong post-2015 development agenda, and generating gainful employment, particularly for the youth who form the bulk of Africa’s population.


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