The 11th International Forum on African Perspectives, co-organized by the OECD Development Centre and the African Development Bank, will gather high-level personalities from government, the private sector and civil society to discuss issues of importance to Africa’s economic and social developme
In his speech given at the OECD forum 2007, Mr. Gurría emphasised that access to reliable and safe water is one of the greatest challenges facing humanity. The OECD is working to develop policy ideas and identify best practices to assist countries meet their water needs.
The 31 countries examined in this sixth edition of the African Economic Outlook account for some 86 per cent of Africa’s population and 91 per cent of itseconomic output.
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AEO 2007 contains, once again, grounds for optimism regarding the continent’s sustained economic development. Backed by favourable commodity prices, increased aid flows, debt forgiveness and the implementation of needed reforms, economic performance improved in many African countries in 2006.
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THE ETHIOPIAN ECONOMY has performed strongly in recent years. Growth has averaged an impressive 8.9 per cent over 2004-06, driven mainly by strongagricultural growth along with expansion in industry and services.
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IN 2005, THE KENYAN ECONOMY sustained the momentum that had started in 2003. Real GDP grew by 5.8 per cent in 2005 compared with 4.9 per cent in 2004, and it is estimated at 5 per cent in 2006. This economic growth is expected to be maintained in the medium term.
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NAMIBIA HAS EXPERIENCED SEVERAL YEARS of moderate economic growth, due mainly to strong performance in diamond production and prudent macroeconomic policies. Growth averaged 4.5 % a year over the period 2000-05, and is expected to reach 4.8 % in 2006 and 2007 and 4.9 % in 2008.
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MOZAMBIQUE HAS ACHIEVED IMPRESSIVE economic expansion since the end of the civil war. Over the past five years, growth averaged 8.9 %. The economy is estimated to have expanded by 7.9 % in 2006.
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In 2006,national economic activity,although down from the performances recorded in 2005, remained buoyant despite the decline in oilsector activity. Real overall GDP growth is estimated at about 1.3 per cent for 2006.
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GROWTH, WHICH HAD REACHED 7.1 per cent in 2005, slowed to 3 per cent in 2006. The 4 per cent growth forecasts for 2007 and 2008 are hardly optimisticas they amount to just a 1 point increase in per capita GDP.