Publications /
Book / Report

Back
Africa Economic Symposium (AES) 3nd edition - SUMMARY REPORT
Authors
General rapporteur Mahmoud Arbouch
September 2, 2025

The Africa Economic Symposium (AES) has firmly established itself as one of the flagship annual events of the Policy Center for the New South, alongside the Atlantic Dialogues and the African Peace and Security Annual Conference (APSACO). Now in its third edition, AES continues to provide a unique platform for economists, policymakers, and academics from across the continent and beyond to exchange perspectives on the pressing macroeconomic and structural challenges facing Africa. Its mission remains to foster rigorous, evidence-based debates that inform policymaking and support long-term strategies for Africa’s development in an era of uncertainty. 

The 2025 edition, convened under the theme “Bold Moves amid Global Shifts,” explored the difficult policy trade-offs confronting African governments as they navigate a volatile global environment. The continent’s recovery from COVID-19 has been uneven, while debt pressures, supply chain disruptions, and geopolitical tensions weigh heavily on fiscal and economic resilience. Structural challenges such as persistent unemployment, low productivity, and the exclusion of Africa’s youth continue to hinder inclusive growth, even as policymakers are called upon to adapt to deep systemic uncertainty. 

The symposium underscored that many African states are increasingly resorting to short-term stabilization measures—such as accumulating reserves and postponing reforms—that may provide immediate security but risk delaying the structural transformation urgently needed. Against this backdrop, AES 2025 called for a careful balance between fiscal prudence, social investment, and the pursuit of sustainable growth, placing emphasis on reforming governance, improving macroeconomic management, and accelerating structural change. 

The discussions highlighted the urgent need to rethink Africa’s economic strategies in a shifting global order. From debt sustainability and the role of central banks to the promise of financial innovation, digital inclusion, and new instruments such as central bank digital currencies, the symposium emphasized that policy choices must align with long-term transformation goals. The debates also explored the opportunities and challenges of regional integration, trade connectivity, and development finance, all of which are essential levers for Africa’s resilience and prosperity. 

As in previous editions, the Annual Report on African Economies was launched alongside the symposium, offering an in-depth analysis of the continent’s macroeconomic dynamics and structural transformation pathways. More than just a publication, the report reflects the collective intellectual effort of leading scholars and practitioners, providing evidence-based insights to guide decision- makers. Together, the symposium and the report reinforced the Policy Center for the New South’s commitment to fostering forward-looking economic thinking that moves beyond short-term headlines to tackle Africa’s enduring challenges.

RELATED CONTENT

  • Authors
    Mohammed Germouni
    August 12, 2020
    En dépit d’une diminution du contrôle des changes, le cours d’une devise continue de se jouer, jusqu’ici encore, en fonction de l’importance du poids considérable des relations financières qu’elle permet et facilite. Autant la monnaie américaine demeurait la devise-clé, en raison de la puissance tant économique que sécuritaire qu’elle reflète, autant l’Euro et le Yen n’en sont pas moins bien présents, également, sur les marchés que dans les réserves monétaires des divers pays. Certe ...
  • Authors
    August 10, 2020
    The International Monetary Fund (IMF) released, on August 4th, its ninth annual External Sector Report, where current account imbalances and asset-liability stocks of 30 systemically large economies are approached. This time the report went beyond looking the previous year and tried to anticipate what will be some of the impacts of the still on-going COVID-19 crisis. The report shows that the global economy entered the COVID-19 crisis with a configuration of external imbalance ...
  • Authors
    Renato S. Vieira
    August 8, 2020
    In this paper, we combine data from Uber Movement and from a representative household travel survey to constructs a weighted travel time index for the Metropolitan Region of São Paulo. The index is calculated based on the average travel time of Uber trips taken between each pair of traffic zone and in each hour between January 1st, 2016 to December 31, 2018. The index is weighted based on trips reported in a household travel survey that was designed to be statistically representativ ...
  • August 7, 2020
    L’industrie automobile mondiale est confrontée à une année 2020 des plus difficiles. La pandémie est apparue pour la première fois dans une région chinoise réputée pour son secteur automobile développé. Dans un premier temps, ce sont les constructeurs sudasiatiques qui ont subi les premières ondes de l’arrêt de l’activité en Chine avant que le foyer pandémique se déplace en Europe et aux Etats-Unis et que la perturbation des chaînes de valeurs prenne une dimension cette fois-ci mond ...
  • Authors
    August 6, 2020
    La COVID-19 a asséné un puissant coup de massue à l’économie mondiale, en combinant une terrible pandémie à un effondrement de la production dû au confinement de la moitié de la population active mondiale. L’incertitude générée par le choc médical et économique paralyse les consommateurs et les investisseurs, et la dispersion des prévisions économiques à court terme est plus grande qu’elle ne l’a jamais été dans l’histoire moderne, environ six fois plus que lors de la grande crise f ...
  • Authors
    Jaime Bonet-Morón
    Diana Ricciulli-Marín
    Gerson Javier Pérez-Valbuena
    Luis Armando Galvis-Aponte
    Inácio F. Araújo
    Fernando S. Perobelli
    July 29, 2020
    The aim of this paper is to assess the regional economic impact of the lockdown measures ordered by the national government to prevent the spread of COVID-19. Using an input–output model, we estimate the economic loss of extracting groups of formal and informal workers from different economic sectors. Results show monthly economic losses that represent between 0.5% and 6.1% of national GDP, depending on the scenario considered. Accommodation and food services, real estate, administr ...
  • Authors
    Amine Harastani Madani
    July 29, 2020
    Parler de de l’Union africaine sans évoquer la place qu’y occupe le Maroc serait incomplet, car le Royaume a contribué activement à la construction africaine, s’en est séparé, en signe de protestation contre le non-respect de la légalité internationale par les organes de la défunte Organisation de l’Unité africaine pour, ensuite, y retourner, dans le cadre de l’Union africaine. Doit-on parler de retour ou d’admission ? Indépendamment de la réponse apportée à cette question, il convi ...
  • Authors
    July 28, 2020
    Le ciblage est un point de focalisation de l’impact social des programmes de lutte contre la pauvreté et des aides monétaires de l’Etat aux catégories sociales pauvres et vulnérables. La pratique du ciblage n’est pas récente dans la trajectoire des politiques publiques. Elle donne lieu à des controverses sur les méthodes appropriées pour atteindre les populations cibles ou les territoires prioritaires des politiques et programmes sociaux. Les difficultés du ciblage sont devenues le ...
  • July 28, 2020
    بعد تفشي فيروس كورونا المستجد في جل مناطق العالم، اختلفت طرق التصدي له من دولة إلى أخرى. حيث اعتمدت الدول قرارات متفاوتة من حيث الصرامة في ظل الحد من تفشي هذا الوباء. وفي نفس الصدد، اتُخذت عدة قرارات لدعم المواطنين لكي يتاح لهم المرور من هذه الأزمة بأقل الأضرار الممكنة في مختلف القطاعات...
  • Authors
    Karim EL Mokri
    July 27, 2020
    The current pandemic has hit all countries hard, with severe repercussions at all levels. In economic terms, and given the scale of the damage, countries have reacted quickly by drawing on their available toolboxes. However, unlike in 2008, room for maneuver this time is much more limited and many countries have no choice but to go into massive debt to cope with the effects of the pandemic. For a country like Morocco, such a situation should lead the authorities concerned to study a ...