The African Economic Outlook 2008
Mr Ransford Smith, Commonwealth Deputy Secretary-General
Mr Jeff Waage, Director and Professor, London International Development Centre
Mr Kenneth Ruffing, AEO coordinator, OECD Development Centre
Mr Indrajit Coomaraswamy, Director, Economic Affairs Division, Commonwealth
Mr Christian Kingombe, Economist, OECD Development Centre
Africa achieved its fourth year of strong growth in 2007 and prospects are promising for 2008 and 2009. Strong commodity prices are underpinning this performance.
Oil-exporting countries are outpacing the rest of the continent. They face the challenge of capitalizing on these windfall gains to build endogenous sources of long-term growth. Oil-importing countries face increasing inflationary pressures and potentially deteriorating current account deficits. This session will present the report and its findings and debate the main conclusions.
The report has been officially launched at the African Development Bank Annual Meeting in Maputo, Mozambique, on Sunday 11 of May 2008 and is now available on the OECD website.