Africa Can Mobilize $1.43 Trillion per Year for Its Development - Algeria Patriotic

Africa has domestic resources that could enable it to mobilize $1.43 trillion (USD) per year to accelerate its growth and build more resilient economies, African Development Bank (AfDB) experts emphasized in Abidjan. In a report on Africa's macroeconomic performance and outlook, presented at the AfDB Annual Meetings, held from May 26 to 30, these experts highlighted the capacities of African countries to achieve the Sustainable Development Goals…

The African continent remains a net creditor vis-à-vis the rest of the world, which nevertheless influences its consumer prices and the value of its currencies. However, its access to capital markets to finance its economic sovereignty remains limited, without clear justification, according to the African Development Bank (ADB). In presenting the economic outlook 2025 for Africa, Professor Kevin Chika Urama, Chief Economist and Vice-President of…