Core Insights - The economic resilience of Sub-Saharan Africa is highlighted, with a projected growth of 4.1% for this year and a slight increase to 4.4% next year, indicating the effectiveness of reforms in major economies [1] - Countries like Côte d'Ivoire, Ethiopia, Rwanda, and Uganda are leading in growth, while resource-dependent and conflict-affected nations are experiencing sluggish growth and stagnation in per capita income [1] - The decline in oil prices contrasts with the rise in prices of cocoa, coffee, copper, and gold, while borrowing costs remain high across the region [1] Economic Environment - The global external environment has been turbulent, impacting trade and aid, with the expiration of the African Growth and Opportunity Act leading to increased tariffs on exports to the U.S., although the impact is limited [1] - A significant drop in foreign aid has severely affected impoverished and vulnerable countries [1] - Fiscal vulnerabilities are accumulating, with debt servicing costs rising sharply, leading to 20 countries facing debt distress or high risk [1] Inflation and Debt Management - Although inflation is generally declining, about one-fifth of economies still face inflation rates exceeding 10%, and international reserves are generally insufficient [1] - Improving fiscal revenue and debt management are identified as key policy priorities [1] - Successful reforms in Ghana, Rwanda, and Tanzania demonstrate that coordinated tax systems and public service improvements can ensure sustainable revenue [1] Debt Management Strategies - Transparent and credible mechanisms for debt management can lower financing costs and attract investment [1] - The "debt-for-development" model is being piloted in Côte d'Ivoire, allowing for the conversion of some debt into expenditures with social or environmental benefits [1] Recommendations for Growth - To scale up such initiatives, governments need credible regulation, transparent data, and simplified procedures to build a more resilient and inclusive growth foundation [2]
撒南非洲国家经济保持韧性
Shang Wu Bu Wang Zhan·2025-11-20 17:29