Africa in the Wake of the Global Financial Crisis: Challenges Ahead and the Role of the Bank

Jan 01, 2010 | L. Ndikumana, A. Kamara, A. Chouchane et al. | AfDB
2010 is a critical year for Africa as the continent attempts to emerge from the crisis it did not create and to move ahead with its development agenda. It is in this context that this note is developed to: (i) assess the state and prospects of African economies; (ii) highlight the African Development Bank’s response to the crisis in support of its regional member countries (RMCs), and (iii) discuss key actions needed to help Africa pull out of the crisis and achieve and sustain high long-term growth. The note especially focuses on what the Bank, in partnership with the international community, can do to help bring the continent back on a high and sustainable growth path.