Back

AFRICAFE: IMF's Regional Economic Outlook for Sub-Saharan Africa

July 25, 2024
Related topics: 
Economy
Africa

In today's episode, we turn our focus to the economic landscape of sub-Saharan Africa, a region grappling with significant challenges and opportunities as it strives for recovery. According to the latest IMF economic outlook for sub-Saharan Africa, the region has faced diverse economic challenges in recent years, from global economic slowdowns to internal fiscal pressures. However, amidst these obstacles, signs of resilience and growth are emerging. With nearly two-thirds of its countries anticipating higher economic growth, there is optimism about the trajectory ahead. In this episode, we are honored to be joined by Dr. Abebe Aemro Selassie, Director of the African Department at the International Monetary Fund, to delve into key issues shaping the region's economic outlook.

Speakers
Ahmed Ouhnini
Economist, Policy Center for the New South
Ahmed Ouhnini is an Economist at the Policy Center for the New South. His research area covers agricultural economics, human and social development. Previously, he has worked as a researcher at the Paris School of Economics (PSE) and has also a record of working in consulting services in Morocco. Ahmed holds an engineering Diploma in Agriculture and Rural Development from the National School of Agriculture of Meknes and a Master’s Degree in Law, Economics and Management from the Paris 1 Pantheon Sorbonne Institute of Development. ...

RELATED CONTENT

  • Africafé: Catalyzing Climate Finance in Africa
    November 30, 2023
    In this episode, we dive into the pressing necessity for climate initiatives in Africa. Despite its minimal global emissions, Africa grapples with severe climate challenges and a substantial funding shortfall. Yet, as obstacles persist, including the disconnect between investor expectat...
  • Addressing Africa’s Persistent Debt Problem
    Authors
    Otaviano Canuto
    Hinh T. Dinh
    Karim El Aynaoui
    Hafez Ghanem
    Badr Mandri
    November 30, 2023
    This Chapter was originally published on Cape Town Chronicles   The history of debt in Africa is a long and painful one. It began in the 1980s, when the public finances of most developing countries deteriorated following two episodes of oil shocks, leading to a "lost decade" of low growth, increased poverty, and political instability. The recovery from the debt crisis only became possible following initiatives in favour of heavily indebted poor countries (HIPC) and ...
  • Download PDF
    Morocco — Beyond Debt: Sustainable Pathways to Higher Growth
    Authors
    Abdelaaziz Ait Ali
    Mahmoud Arbouch
    Fahd Azaroual
    Oumayma Bourhriba
    Youssef El Jai
    Badr Mandri
    November 28, 2023
    This Working Paper was originally published on erf.org.eg Like many developing countries, Morocco faced a significant increase in public debt following the COVID-19 pandemic. In 2022, Central government debt reached 69.6% of GDP, up from 60.3% in 2019, highlighting the need for a thorough analysis of debt sustainability. This paper examines the main trends in the Moroccan economy over the past two decades, including growth performance, monetary policy and financial condit ...
  • Download PDF
    Morocco — Beyond Debt: Sustainable Pathways to Higher Growth
    Authors
    Abdelaaziz Ait Ali
    Mahmoud Arbouch
    Fahd Azaroual
    Oumayma Bourhriba
    Youssef El Jai
    Badr Mandri
    November 14, 2023
    This Policy brief was originally published on erf.org.eg Like many emerging and developing economies, Morocco has experienced a significant increase in public debt since the COVID-19 pandemic. Central government debt reached 69.6 percent of GDP in 2022, up from 60.3 percent in 2019, and overall public debt increased to 82.5 percent of GDP in 2022, well above the presumed critical threshold of 60 percent. Therefore, it becomes crucial to conduct a comprehensive debt sustainabil ...
  • Download PDF
    Is the Moroccan Fiscal System Progressive ? A Shapley Decomposition
    Authors
    Touhami Abdelkhalek
    Dorothee Boccanfuso
    November 8, 2023
    Public policies, particularly those related to taxes and subsidies, should help to reduce poverty and inequality. However, the combination of components of these two systems, as implemented, leads sometimes to an increase in poverty and or inequality without being necessarily anticipated. In this policy brief, based on data from the 2019 wave of the Enquête Panel de Ménage from the Observatoire National du Développement Human from Morocco, we first highlight the influence of taxes ...
  • L'Union européenne enclenche la phase transitoire du Mécanisme d'Ajustement Carbone aux Frontières : quelles conséquences pour l'Afrique ?
    Authors
    Rim Berahab
    November 2, 2023
    Le 1er octobre 2023 a marqué le début de la phase transitoire du Mécanisme d'Ajustement Carbone aux Frontières (CBAM en anglais) de l'Union européenne (UE). L'objectif de cette initiative est d'instaurer une tarification du carbone sur les biens importés qui soit équivalente à celle appliquée aux biens produits au sein de l'UE, visant ainsi à réguler les émissions de carbone. Cette démarche implique la mise en place d'un ensemble d'obligations de déclaration et de conformité pour le ...
  • Download PDF
    Production Networks, Sectoral Shocks and Aggregate Volatility in a Developing Economy: Insights From Morocco
    Authors
    Ali Elguellab
    Elhadj Ezzahid
    November 1, 2023
    The role of the production network in shock propagation has been an issue of considerable interest since the Great Recession. However, the empirical literature has only focused on advanced and emerging countries. This paper aims to contribute to filling this gap by examining the case of Morocco, a developing country belonging to the lower-middle-income group. The question is whether its production network is a factor in amplifying idiosyncratic industry-level shocks or, conversely, ...