AFDB to Launch African Economic Outlook 2021 in March
The African Development Bank (AFDB) has announced Friday, 12 March 2021 for the virtual launch of its 2021 African Economic Outlook. Themed “From Debt Resolution to Growth: The Road Ahead for Africa”, this year’s report examines Africa’s growth performance and outlook and presents the socio-economic impact of the COVID-19 pandemic.
The African Economic Outlook is AFDB’s flagship tool for economic intelligence, policy dialogue, and operational effectiveness and is widely read by policymakers, academics, investors, development practitioners and the media.
In a published statement, AFDB stated: “Africa is projected to recover in 2021 from its worst economic recession in half a century, but the continent still faces significant challenges related to COVID-19 vaccinations and debt burdens. One of the most significant consequences of the COVID-19 pandemic has been a rise in the borrowing needs of African governments to cover expenditures induced by the health crisis.”
The launch will be attended by African Development Bank President Akinwumi A. Adesina, Nobel laureate Prof. Joseph Stiglitz, government ministers and Governors of the Bank, representatives of the diplomatic corps, researchers and industry experts.
According to AFDB, a panel of senior policymakers, sovereign debt experts and private sector practitioners will discuss the report and present their views. Panelists will focus on helping African countries build back better from the crisis and manage debt vulnerabilities.
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