How African Countries Can Navigate the Turbulent Global Economy – Carnegie Endowment for International Peace

Wealthlandnews June 2, 2022
Updated 2022/06/02 at 6:38 AM

African economies still recovering from slowdown caused by the global pandemic are again at risk of destabilization. Russia’s invasion of Ukraine, low COVID-19 community vaccination rates, increasingly severe climate incidents, and a global economic downturn present substantial challenges and African policymakers must respond to spare their nations from economic disaster. Yet, given constrained fiscal space and rising debt, how can policymakers position their economies on a path of sustainable recovery? Is the $100 billion in Special Drawing Rights pledged by G20 countries to vulnerable nations enough to mitigate the strain? And how do calls for reforming the Bretton Woods system and global financial institutions impact the path forward?
Join Carnegie, in partnership with the International Monetary Fund, for a special conversation on the IMF Regional Economic Outlook, featuring Carnegie Africa director, Zainab Usman, and IMF director for Africa, Abebe Aemro Selassie.
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The Carnegie Africa Program engages policymakers and scholars to shape global discourse and policy in the region and to amplify the voices of African experts on the ground.
In a complex, changing, and increasingly contested world, the Carnegie Endowment helps countries take on the most difficult global problems and safeguard peace and security through independent analysis, strategic ideas, support for diplomacy, and training the next generation of international scholar-practitioners.
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