<?xml version="1.0" encoding="UTF-8"?><rdf:RDF xmlns="http://purl.org/rss/1.0/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:dc="http://purl.org/dc/elements/1.1/"> <channel rdf:about="https://hdl.handle.net/10855/22561"> <title>Macroeconomic policy</title> <link>https://hdl.handle.net/10855/22561</link> <description/> <items> <rdf:Seq> <rdf:li rdf:resource="https://hdl.handle.net/10855/50307"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50306"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50305"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50274"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50273"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50259"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50257"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50211"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50210"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50221"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50207"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50208"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50205"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50198"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50109"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50115"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50113"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50110"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50179"/> <rdf:li rdf:resource="https://hdl.handle.net/10855/50178"/> </rdf:Seq> </items> <dc:date>2025-02-19T21:44:18Z</dc:date> </channel> <item rdf:about="https://hdl.handle.net/10855/50307"> <title>Africa sovereign credit rating outlook: 2024 year-end review 10th edition</title> <link>https://hdl.handle.net/10855/50307</link> <description>Africa sovereign credit rating outlook: 2024 year-end review 10th edition The second half of 2024 (2024H2) presented a mixed economic dynamic across African countries. While most countries experienced an economic rebound, driven by improved commodity prices and economic reforms, several others continued to struggle with internal conflicts, political instability and adverse climate conditions. The 2024H2 period witnessed an increase in positive rating actions than downgrades and negative outlooks, as was the case in the first half of 2024 (2024H1). There were more positive changes in outlooks and rating upgrades. Eleven countries had their ratings upgraded or experienced a positive change in outlook from negative to stable or from stable to positive. The dominant sentiment towards positive rating actions reflects growing optimism about Africa’s political and economic prospects. S&amp;P Global Ratings had the highest number of rating activities in Africa during the period 2024H2, taking rating actions on 13 countries – 4 downgrades, 4 upgrades, 4 negative changes in outlook and 1 positive change in outlook. </description> <dc:date>2024-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50306"> <title>Dévaluations des taux de change et gestion de la dette extérieure en Afrique</title> <link>https://hdl.handle.net/10855/50306</link> <description>Dévaluations des taux de change et gestion de la dette extérieure en Afrique Le recours à la dévaluation du taux de change est récemment réapparu comme un outil de stabilisation pour corriger les déséquilibres macroéconomiques dans les pays en développement, comme ce fut le cas dans le cadre des programmes d’ajustement structurel au moment de la crise de la dette des années 80. Des politiques actives de taux de change sont de plus en plus utilisées pour stimuler l’activité économique et protéger les vies et les moyens de subsistance des conséquences des récentes crises économiques. Dans le même temps, la dette publique est également réapparue comme l’une des questions au centre du débat économique et politique en Afrique, les gouvernements ayant recommencé à s’endetter pour investir dans les infrastructures et les dépenses sociales, dans le cadre des efforts déployés pour se remettre des effets des récents chocs économiques. Malgré l’importance actuelle des questions de gestion de la dette et de dépréciation du taux de change, très peu &#13; d’études empiriques récentes se sont penchées sur la relation entre ces fondamentaux économiques. L’objectif principal du présent document est donc d’examiner dans quelle mesure la dépréciation du taux de change affecte la dette extérieure en Afrique, à court et à long terme, en tenant compte des régimes de taux de change et de l’intensité des ressources naturelles des pays. L’étude applique la méthode de cointégration des données de panel en estimant le modèle autorégressif à retards échelonnés, afin de permettre l’évaluation des effets à court et à long terme de l’évolution des taux de change sur la dette extérieure. Les résultats indiquent que dans les pays où les régimes de change sont relativement fixes, la dévaluation est plus susceptible d’entraîner une réduction du fardeau de la dette extérieure, tandis que dans les pays où les régimes de change sont flottants, la dévaluation est plus susceptible d’accroître l’impact des exportations sur la réduction de la dette extérieure. Dans une certaine mesure, les résultats suggèrent que les taux de change flottants ne fonctionnent peut-être pas à leurs niveaux optimaux pour assurer un impact négatif significatif de la dévaluation du taux de change sur la dette extérieure </description> <dc:date>2024-08-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50305"> <title>Exchange rate devaluations and external debt management in Africa</title> <link>https://hdl.handle.net/10855/50305</link> <description>Exchange rate devaluations and external debt management in Africa The use of exchange rate devaluation has recently re-emerged as a stabilization tool to correct macroeconomic imbalances in developing countries, as was the case under the structural adjustment programmes during the debt crisis of the 1980s. There has been increased use of active exchange rate policies to enhance economic activity and safeguard lives and livelihoods from the consequences of recent economic crises. At the same time, public debt has also re-emerged as one of the issues at the centre of economic and political debate in Africa, as governments have resumed debt accumulation to invest in infrastructure and social spending as part of efforts to recover from the effects of recent economic shocks. Despite the current prominence of &#13; debt management and exchange rate depreciation issues, there have been very few recent empirical studies looking at the relationship between these economic fundamentals. The main objective of the present paper is therefore to examine the extent to which exchange rate depreciation affects external debt in Africa, in both the short and the long run, taking into consideration countries’ exchange rate regimes and natural resource intensity. The study applies the panel cointegration method by estimating the autoregressive distributed lag model to allow for the assessment of both the short- and long-term effects of exchange rate developments on external debt. The results indicate that in countries with relatively fixed exchange rate regimes, devaluation &#13; is more likely to result in a reduction of the external debt burden, while in countries with flexible exchange rate regimes, devaluation is more likely to enhance the impact of exports on external debt reduction. To some extent, the results suggest that flexible exchange rates may not be operating at their optimal levels to ensure a significant negative impact of exchange rate devaluation on external debt. </description> <dc:date>2024-08-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50274"> <title>Performances et perspectives économiques trimestriels de l’Afrique Avril-juin 2024: Restructuration de la dette souveraine : délais et prévisibilité</title> <link>https://hdl.handle.net/10855/50274</link> <description>Performances et perspectives économiques trimestriels de l’Afrique Avril-juin 2024: Restructuration de la dette souveraine : délais et prévisibilité Les niveaux élevés de la dette dus aux chocs mondiaux, à la fuite des capitaux et aux problèmes budgétaires, entre autres, exposent les pays à un risque plus important de surendettement, de défaut de paiement et de restructuration de la dette souveraine. Sept pays africains sont actuellement en situation de surendettement, dont quatre ont sollicité une restructuration de leur dette au titre du Cadre commun pour le traitement de la dette au-delà de l’Initiative de suspension du service de la dette. Ces mêmes pays accusent des retards importants dans la restructuration de la dette, ce qui a rendu difficile de prévoir quand chaque étape du processus de restructuration serait achevée. Pour résoudre efficacement le dilemme de l’insoutenabilité de la dette souveraine dans le monde, il est essentiel d’améliorer les cadres de restructuration de cette dette. Cette question sera le thème principal de ce rapport. La section 2 du rapport met l’accent sur l’évolution économique récente et les perspectives économiques de l’Afrique, pour ce qui est de la croissance, des résultats enregistrés en matière d’inflation, de la situation budgétaire et des mouvements des taux de change. La section 3 examine la restructuration de la dette souveraine et les initiatives lancées par le passé pour lutter contre le surendettement. Les délais des processus de restructuration sont estimés à la section 4. La section 5 contient des recommandations de stratégies qui permettent de progresser dans l’architecture de restructuration de la dette mondiale et d’améliorer les délais et la prévisibilité de la restructuration. </description> <dc:date>2024-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50273"> <title>Africa’s quarterly economic performance and outlook April – June 2024 : Sovereign debt restructuring: timelines and predictability</title> <link>https://hdl.handle.net/10855/50273</link> <description>Africa’s quarterly economic performance and outlook April – June 2024 : Sovereign debt restructuring: timelines and predictability High levels of debt due to global shocks, capital flight and fiscal challenges, among other things, expose countries to greater risk of debt distress, debt default and sovereign debt restructuring. Seven African countries are currently in debt distress, of which four have applied for debt restructuring under the Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative. These same countries are experiencing significant delays in debt restructuring, which has made it difficult to predict when each step of the restructuring process will be completed. To effectively address the dilemma of unsustainable sovereign debt around the world, it is crucial to improve frameworks for restructuring such debt. This issue will be the main theme of the present report. Recent economic developments and the economic outlook for Africa, with respect to growth, inflation performance, the fiscal situation and exchange rate movements, are the focus of section 2 of the report. Sovereign debt restructuring and past distress initiatives are examined in section 3. The timelines of the restructuring processes are assessed in section 4. Section 5 contains recommendations for policies to advance the global debt restructuring architecture and improve restructuring timelines and predictability. </description> <dc:date>2024-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50259"> <title>Le FMI et l’avenir de l’architecture financière mondiale: Un rapport duGroupe de travail africain de haut niveau sur l’architecture financière mondiale</title> <link>https://hdl.handle.net/10855/50259</link> <description>Le FMI et l’avenir de l’architecture financière mondiale: Un rapport duGroupe de travail africain de haut niveau sur l’architecture financière mondiale Ce rapport intitulé Le FMI et l’avenir de l’architecture financière mondiale s’inscrit dans le cadre des travaux du groupe de travail de haut niveau sur l’architecture financière mondiale. Ce groupe est coordonné par la Commission économique des Nations unies pour l’Afrique (UNECA) et comprend les ministres africains des Finances, de la Planification et du Développement économique, l’Union africaine, la Banque africaine de développement, Afreximbank et la Banque mondiale, ainsi que des membres du personnel et des administrateurs du FMI. Il a été créé pour concevoir et défendre des propositions de réforme de l’architecture financière mondiale et pour renforcer la voix de l’Afrique dans les discussions sur cette question. Une partie de ses travaux est résumée dans le présent rapport, préparé par la Commission économique des Nations Unies pour l’Afrique en consultation avec les ministres africains des Finances, de la Planification et du Développement économique, l’Union africaine et la Banque africaine de développement, avec pour objectif de proposer un nouveau programme de travail qui permettrait au FMI de mieux répondre aux défis auxquels sont confrontés les pays à faible revenu et à revenu intermédiaire. Le présent rapport présente quelques-unes des nouvelles réflexions et politiques dont le FMI aura besoin pour remplir sa mission de «nouveau Bretton Woods ». uatre principes guideront cet effort: Premièrement, les politiques du FMI en matière de DTS devraient être moins discrétionnaires et davantage fondées sur des règles et des analyses. Deuxièmement, l’horizon de prêt et les perspectives du FMI concernant les « problèmes de balance des paiements » devraient donner la priorité au long terme. Troisièmement, le FMI doit travailler plus assidûment pour corriger les inégalités structurelles dans l’architecture financière mondiale en accordant une plus grande représentation aux pays à revenu faible et moyen inférieur et en s’attaquant de manière plus proactive aux problèmes qui les affectent. uatrièmement, le FMI devrait harmoniser l’ensemble de son engagement, y compris ses instruments de politique et de prêt. Il doit pouvoir catalyser la mobilisation de sources de financement supplémentaires, et favoriser une collaboration plus étroite avec la Banque mondiale et d’autres banques multilatérales de développement (BMD). </description> <dc:date>2024-11-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50257"> <title>The IMF and the Future of the Global Financial Architecture : A report of the Africa High-level Working Group on the Global Financial Architecture</title> <link>https://hdl.handle.net/10855/50257</link> <description>The IMF and the Future of the Global Financial Architecture : A report of the Africa High-level Working Group on the Global Financial Architecture The IMF and the Future of the Global Financial Architecture comes as part of the work of the High-level Working Group on the Global Financial Architecture. The working group was set up to design and champion proposals to reform the global financial architecture and to strengthen Africa’s voice in discussions on this issue. Part of its work is encapsulated in this report—prepared by UNECA in consultation with African Ministers of Finance, Planning, and Economic Development; the African Union; and the African Development Bank—to propose a new work agenda for the IMF to respond more capably to the challenges that low- and middle-income countries are facing. This report aims to put forward some of the new thinking and policymaking that the IMF will need to fulfill its new Bretton Woods moment. Four principles will help guide this effort. First, the IMF’s SDR policies should be less discretionary and more rule-based and analytical. Second, the IMF’s lending horizon and outlook on balance-of-payments problems should prioritize the long term. Third, the IMF must work more assiduously to redress structural inequalities in the global financial architecture by giving greater representation and tending more proactively to the problems affecting low- and lower-middle-income countries. Fourth, the IMF should align its overall engagement, including its policy and lending instruments, to play a highly catalytic role in mobilizing additional sources of financing while fostering closer collaboration with the World Bank and other multilateral development banks (MDBs). The IMF and the Future of the Global Financial Architecture is divided into five chapters: “Global financial safety net,” “A new global debt architecture,” “The Resilience and Sustainability Trust and a new agenda for green development,” “A new agenda for market access,” and “An International Monetary Fund for the 21st century: Lending, governance, and future direction.” Together they form a Ten Point Plan of near- and long-term recommendations for the IMF to address enduring and emerging challenges in the global financial architecture. </description> <dc:date>2024-10-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50211"> <title>Tirer parti des partenariats public-privé en Afrique du Nord après la pandémie de COVID19</title> <link>https://hdl.handle.net/10855/50211</link> <description>Tirer parti des partenariats public-privé en Afrique du Nord après la pandémie de COVID19 Le présent rapport met en lumière l’importance du rôle que les partenariats public-privé pourraient jouer dans la stratégie de relance postpandémie et souligne les domaines dans lesquels des réformes s’imposent pour les développer. Il est proposé de recourir à ce type de partenariat pour accroître l’efficacité des dépenses publiques, dans le cadre d’un plan d’investissement global qui prend en compte les problèmes à court, à moyen et à long terme. La pandémie de COVID-19 a contribué à engendrer une crise économique et sociale qui risque de durer et d’avoir des effets à long terme. Elle a déclenché une accélération de transformations profondes au niveau mondial, qui auront de fortes répercussions sur les trajectoires de développement de l’Afrique du Nord (accélération de la numérisation, réorganisation des chaînes de valeur mondiales, importance accrue du capital humain, etc.). La pandémie a également mis en évidence les vulnérabilités sociales de la sous-région et souligné la nécessité d’investir davantage dans la santé, l’éducation et la protection sociale. </description> <dc:date>2023-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50210"> <title>Leveraging public-private partnerships in North Africa in the wake of coronavirus disease</title> <link>https://hdl.handle.net/10855/50210</link> <description>Leveraging public-private partnerships in North Africa in the wake of coronavirus disease The COVID-19 pandemic has significantly impacted North African economies, exacerbating existing vulnerabilities and creating both short-term and long-term challenges. This report by the Economic Commission for Africa (ECA) explores the role of public-private partnerships (PPPs) in addressing these challenges and fostering economic recovery in the region. It highlights the potential of PPPs to enhance investment efficiency and support public infrastructure development, which is crucial for recovery efforts. The report discusses the promises and risks associated with PPPs, emphasizing the need for a conducive environment to maximize their benefits. It includes a case study on Morocco, illustrating the practical challenges and successes of implementing PPPs. The document concludes with policy recommendations aimed at improving the framework for PPPs in North Africa, ensuring they contribute effectively to sustainable development and economic resilience. </description> <dc:date>2022-12-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50221"> <title>Africa sovereign credit rating review: 2024 mid-year out look</title> <link>https://hdl.handle.net/10855/50221</link> <description>Africa sovereign credit rating review: 2024 mid-year out look This report analyses the long-term foreign currency sovereign credit rating actions in Africa with a predominant focus on the three dominant international credit rating agencies (CRAs) – Moody’s Investors Service, Fitch Ratings and S&amp;P Global (S&amp;P) in the first half of 2024 (2024H1). It presents a comparative analysis of the consistency in application of methodologies and rating services&#13; between Africa and other regions and makes recommendations to CRAs and African governments on how credit ratings can be improved. </description> <dc:date>2024-07-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50207"> <title>Blue economy in North Africa: sectorial analysis for maritime transport.</title> <link>https://hdl.handle.net/10855/50207</link> <description>Blue economy in North Africa: sectorial analysis for maritime transport. This document explores the Blue Economy (BE), which integrates the economic utilization of water resources—such as oceans, seas, rivers, lakes, and other water bodies—with strategies to protect their health. Covering over 80% of Earth’s surface, these water bodies are vital life resources. They contribute to half of the global oxygen production and serve as the largest carbon sink, absorbing nearly a quarter of the carbon dioxide emissions. This absorption helps mitigate global warming by sequestering 90% of the additional heat generated by the greenhouse effect. </description> <dc:date>2019-03-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50208"> <title>L' économie bleue en Afrique du Nord : analyse du secteur de transport maritime</title> <link>https://hdl.handle.net/10855/50208</link> <description>L' économie bleue en Afrique du Nord : analyse du secteur de transport maritime Le présent document s’agit de l’économie bleue (EB) du concept en plus souvent invoqué qui intègre l’exploitation économique des ressources en eau, telles que les océans, mers, fleuves et rivières, lacs et autres étendues d’eau ; la stratégie préconisée est d’en protéger la santé. Notre mère la terre est recouverte à plus de 80% par des étendues d’eau figurant parmi les principales ressources vitales. Par ailleurs, les ressources en eau fournissent la moitié de la production d’oxygène à l’échelle globale, et constituent par ailleurs le plus grand puits de carbone, qui absorbe près du quart des émissions de dioxyde de carbone. Ce phénomène contribue à réduire les effets du réchauffement global: en effet, il permet d’absorber 90 % de l’excédent de chaleur produit par l’effet de serre. </description> <dc:date>2019-03-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50205"> <title>Resilience in the face of systemic crises: lessons from the coronavirus disease pandemic in Tunisia</title> <link>https://hdl.handle.net/10855/50205</link> <description>Resilience in the face of systemic crises: lessons from the coronavirus disease pandemic in Tunisia The present document focuses on the economy of Tunisia, which has been heavily affected by the coronavirus disease (COVID-19) pandemic. The country is particularly vulnerable to climate change and its economic and social consequences. Tunisia, like all North African countries, must change its development model to integrate resilience to future shocks as a central pillar and design public policies based on a systemic approach to future risks. The current crisis is therefore a symptom of profound changes that have occurred on a global scale and created great uncertainty for developing countries, including Tunisia, regarding the conditions of their economic and social development. In this context, each country must assess its fragilities to take them into account when considering adaptation and resilience to future crises and shocks. </description> <dc:date>2022-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50198"> <title>Towards Africa's prosperity: Creating the Conditions for a Socially Inclusive, Environmentally Sustainable and Well-Governed Continent</title> <link>https://hdl.handle.net/10855/50198</link> <description>Towards Africa's prosperity: Creating the Conditions for a Socially Inclusive, Environmentally Sustainable and Well-Governed Continent The 2030 deadline is seven years away. What does Africa need to do to achieve the goals of Agenda 2030 and Agenda 2063 in light of the severe socioeconomic setbacks from the COVID-19 pandemic? What are the critical “game changers” that can enable this transformative change? Africa needs a much more ambitious strategy to achieve the goals by the end of 2030. Overcoming severe challenges—economic crisis, climate change, growing inequalities, peace and security—exacerbated by the pandemic, requires both fundamental reforms and unconventional methods. Building on the momentum generated by the declaration of the African Regional Forum on Sustainable Development on the UN Decade of Action and Delivery for Sustainable Development in Africa, as well as a summary report and key messages on Africa’s priorities, this study identifies the game changers needed to accelerate progress towards achieving prosperity within this decade. It envisages that by 2030, the region will have moved closer to Agenda 2063’s vision of “an integrated, prosperous and peaceful Africa, driven by its citizens and representing a dynamic force in the global arena.” As a strategy document, it is intended as a roadmap for citizens, policymakers, and development partners to deliver prosperity by 2030 to the 1.07 billion inhabitants of the region. It offers a set of limited but crucial objectives achievable at the regional and the national levels of policy implementation. Most important, its realistic tone challenges governments to forge ahead to 2030 and beyond, confident in the regional support they will receive from the community of states that constitute the Africa Union and united in the common purpose of prosperity reimagined. This report is organized around four themes. Chapter 1 describes Africa’s economic and social conditions in 2022. Chapter 2 offers a comprehensive definition of the economic, political and social dimensions of a prosperity in which everyone on the continent can realize their full potential in an environment of peace and security. </description> <dc:date>2024-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50109"> <title>Function and composition of the Bureau of the Africa Regional Forum on Sustainable Development</title> <link>https://hdl.handle.net/10855/50109</link> <description>Function and composition of the Bureau of the Africa Regional Forum on Sustainable Development This report is about the Africa Regional Forum on Sustainable Development is an annual, intergovernmental, multi-stakeholder platform, organized jointly by the Economic Commission for Africa (ECA) and one of its members that has volunteered to host the Forum, in collaboration with the African Union Commission, the African Development Bank and various entities of the United Nations system. It brings together ministers, senior officials, experts and practitioners from members of ECA, the private sector, civil society, academic institutions and United Nations entities. The overall objective of the Regional Forum is to follow up on and review the progress made towards the achievement of the Sustainable Development Goals of the 2030 Agenda for Sustainable Development and the aspirations, goals and targets of Agenda 2063: The Africa We Want, of the African Union. It is also intended to facilitate peer learning and promote transformative solutions and action to accelerate the implementation of the two agendas. </description> <dc:date>2024-03-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50115"> <title>A case study: the institutional investor consortium model: mobilizing private capital to finance the development of WAEMU economies</title> <link>https://hdl.handle.net/10855/50115</link> <description>A case study: the institutional investor consortium model: mobilizing private capital to finance the development of WAEMU economies A case study by Roselyn Spencer, Managing Director and Partner at MiDA Advisors in the Institutional investor Consortium model: Mobilizing private capital to finance the development of WAEMU economies. Two existing consortium of institutional pension funds currently exist and successfully operating. The workshop was focus on the case studies of: The Kenyan Pension fund Investment Consortium (KEPFIC) in Nairobi, Kenya and Asset Owners Forum South Africa (AOFSA) in Johannesburg, SA. </description> <dc:date>2023-11-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50113"> <title>Policy brief: prospects for the successful implementation of Agenda 2063 : the Africa We Want, of the African Union – lessons learned from efforts to align national development plans</title> <link>https://hdl.handle.net/10855/50113</link> <description>Policy brief: prospects for the successful implementation of Agenda 2063 : the Africa We Want, of the African Union – lessons learned from efforts to align national development plans The present policy brief contains a review of the progress achieved within the context of the first 10-year implementation plan and lessons learned that can inform the process of developing the second 10-year plan. In section 2, several challenges encountered during the implementation of the first 10-year implementation plan are highlighted, based on an evaluation conducted by the African Union Commission and the experience of the Economic Commission for Africa (ECA) in supporting the development planning processes of its members. In section 3, several lessons learned in that context are highlighted, while section 4 contains several policy recommendations to inform implementation of the second 10-year implementation plan. </description> <dc:date>2023-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50110"> <title>Impact of the coronavirus disease crisis on businesses in Morocco: constraints and opportunities</title> <link>https://hdl.handle.net/10855/50110</link> <description>Impact of the coronavirus disease crisis on businesses in Morocco: constraints and opportunities The present report contains the main findings of a survey conducted among 1,000 Moroccan businesses from 1 January to 16 June 2021. The analysis of the results highlights some of the main effects of the coronavirus disease (COVID-19) pandemic in Morocco, such as financial constraints and shock asymmetry. The survey has highlighted the scale of certain constraints faced by companies, which were especially acute during the pandemic, such as access to finance. The present report sets out key lessons drawn from a survey conducted by the Economic Commission for Africa (ECA) on a broad sample of businesses. The survey was designed to analyze the effect of the pandemic on businesses. The survey was designed to analyze the effect of the pandemic on businesses. It also makes it possible to assess the impact of public subsidies in the form of wage subsidies received by businesses. One of the key findings consists in the positive impact of this assistance on turnover and the lack of any effect on employment. </description> <dc:date>2024-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50179"> <title>Examen des performances des banques nationales de développement en Afrique</title> <link>https://hdl.handle.net/10855/50179</link> <description>Examen des performances des banques nationales de développement en Afrique Les banques nationales de développement jouent un rôle crucial pour la plupart des programmes de développement économique et social de l’Afrique, notamment ceux visant la croissance économique durable, l’inclusivité, l’emploi, la productivité et l’industrialisation. En s’acquittant de leur mandat, qui est de contribuer au développement économique par le biais de prêts à moyen et à long terme, les banques nationales de développement peuvent contribuer au développement financier de diverses manières. Pour peu qu’elles gèrent judicieusement leur bilan et qu’elles établissent des synergies avec d’autres institutions financières, les banques nationales de développement peuvent tirer parti de leur avantage comparatif dans le domaine des prêts à long terme afin de consolider les marchés obligataires nationaux et de stimuler le développement du secteur financier. Elles peuvent également renforcer l’inclusion financière, par exemple, en orientant (directement ou indirectement) les ressources vers les secteurs soumis à un rationnement du crédit, en particulier ceux où prédominent les petites et moyennes entreprises et les entreprises détenues par des jeunes ou des femmes. Les banques nationales de développement sont également appelées à jouer un rôle essentiel en complétant les activités des banques multilatérales de développement. À cet égard, des études de cas approfondies sur les banques et les pays permettraient de mettre en lumière le plein potentiel des banques nationales de développement en ce qui concerne leurs contributions éventuelles à la croissance économique, à l’industrialisation, à l’inclusion financière et au développement du secteur financier en Afrique. La mise en place de banques nationales de développement performantes nécessite un changement de paradigme. Cela signifie l’adoption d’une toute nouvelle approche, à même de garantir la viabilité financière des banques et de leurs programmes de prêts, tout en instaurant un environnement dans lequel l’intermédiation financière atteindra plus efficacement les secteurs traditionnellement marginalisés, avec l’apport d’une aide non financière à divers secteurs de l’économie. </description> <dc:date>2024-01-01T00:00:00Z</dc:date> </item> <item rdf:about="https://hdl.handle.net/10855/50178"> <title>Review of the performance of national development banks in Africa</title> <link>https://hdl.handle.net/10855/50178</link> <description>Review of the performance of national development banks in Africa National development banks hold important keys to most of Africa’s economic and social development agendas, including sustainable economic growth, inclusive growth, employment, productivity, and industrialization. By delivering on their mandate to support economic development through medium- and long-term lending, national development banks can contribute to financial development in various ways. Provided that they have efficient balance sheet management and synergies with other financial institutions, national development banks can contribute to domestic bond markets and financial sector development by leveraging their comparative advantage in long-term lending. They can also enhance financial inclusion, notably by directly and indirectly channeling resources to credit-rationed sectors, especially those where small and medium-sized enterprises and youth and women-owned enterprises are prevalent. National development banks also have a critical role in complementing the activities of multilateral development banks. In this regard, in-depth bank and country case studies would shed light on the full potential of national development banks to contribute to economic growth, industrialization, financial inclusion, and development of the financial sector in Africa. In the study conducted for the present report, a triangulation approach was taken, in which multiple methods or data sources were used as part of operational research to develop a comprehensive understanding of certain phenomena (Patton, 1999). Triangulation has been viewed as a research strategy to test validity through the convergence of information from various sources. </description> <dc:date>2024-04-01T00:00:00Z</dc:date> </item> </rdf:RDF>