Brookings Institution

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Library Articles

Leveraging African Pension Funds for Financing Infrastructure Development

Published: 2017
The key issues surrounding pension funds -is explored in this report, which serves as a source of financing for African infrastructure. The report begins by providing an overview of the gaps in African infrastructure, as well as the financial resources available to support infrastructure development. In the sections that follow, it illustrates pension funds’ untapped potential in the continent,...

Confronting Climate Change : Africa’s Leadership on an Increasingly Urgent Issue

Published: 2017
This chapter discusses several issues regarding climate change and its effects on several countries on the African continent. The first heading, discusses the African leadership in a time of climate risk. Africa’s “growth miracle” and its associated resurgence has been challenged. Commodity prices have plunged which related to a global economic slowdown that have dampened economic prospects....

No Country Left Behind : The Case for Focusing Greater Attention on the World's Poorest Countries

Published: 2017
In the global pursuit of poverty reduction, a minority of countries risks being left behind, both in terms of their levels of deprivation and in the way global progress is accounted for. This suggests that the “leave no-one behind” principle, originally intended to draw attention to marginalized groups such as lower castes or the disabled, might equally be applied to countries. In a preliminary...

Increasing Employment Opportunities : Navigating Africa’s Complex Job Market

Chapter 2 of the Foresight Africa 2017 report, explores six overarching themes that provide opportunities for Africa to overcome its obstacles and spur inclusive growth. The themes are as follows: The tipping point: The youth bulge and the sub-Saharan African labor market. This article discusses the demographic dividend that has been touted as a potential source of growth for the African...

Upholding Good Governance: Democracy, Elections, and Local Institutions under Political and Social Uncertainty

The first issue brief in this chapter is titled: We need to learn from recent crises in West Africa: Local governance and civil society solutions on pages 94-97. Major progress was made in 2016, firstly with cooperation between African governments, communities, civic organizations, and international partners overcame initial struggles and succeeded in ending the latest Ebola outbreak in Guinea,...

Financing Africa’s Infrastructure Deficit: From Development Banking to Long-Term Investing

Published: 2016
This paper studies the appropriate financing structure of infrastructure investment in Africa. It starts with a description of recent initiatives to scale up infrastructure investment in Africa. The paper then uses insights from the literature on informed versus arm’s length debt to discuss the structure of infrastructure financing. Considering the differences in investors’ preferences that...

Ethiopia — an Agrarian Economy in Transition

Rapid economic growth was experienced in Ethiopia since 2005. Real gross domestic product (GDP) grew at an average rate of 10.5 per cent per annum for the period between 2004–05 and 2013–14. Important contributions to GDP growth were made with public investment in key infrastructure and interventions in the agriculture sector. This growth has been accompanied by a process of capital deepening...

Foresight Africa : Top Priorities for the Continent in 2016

Published: 2016
The Africa Growth Initiative and its colleagues discuss six overarching themes in this year’s Foresight Africa, that place Africa at this tipping point and give their views on what they perceive to be key areas for intervention to keep Africa on its current rising trajectory. The format this year, in 2016 is different from years past, encompassing viewpoints from high-level policymakers,...

Understanding Ghana’s Growth Success Story and Job Creation Challenges

This paper seeks to provide an analytical assessment of Ghana’s economic growth. Ghana’s status as one of the African Lions is linked to the country’s remarkable growth performance. Growth of labour productivity at the national and sectoral level is examined, as well as the sectoral contribution to aggregate productivity growth. The article also analyses the effect of growth on employment and...

Understanding the African Lions - Growth Traps and Opportunities in Six Dominant African Economies Understanding Ghana's Growth Success Story and Job Creation Challenges

Ghana has a status as one of the Lions of the African continent. This which is linked to the country’s remarkable growth performance, which culminated in the attainment of lower middle-income status. However, employment response to growth has been weak. Additionally, growth has been accompanied by substantial reduction in poverty, albeit increasing inequality. This development is explained by a...

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