Carnegie Endowment for International Peace
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Since the International Development Association is an important component of the World Bank and Africa is the major recipient of IDA commitments, the region is crucial to the bank’s overall balance sheet.
Africa’s mobile phone market is one area where U.S.-China technology decoupling will be evident, an industry at the heart of Africa’s digital transformation.
Kenya’s notable progress in securing regional and international trade deals is positioning the country as an important trading economy.
Despite these signs of progress, the severity of the governance and security challenges throughout the continent do raise important questions on the role of the AU, notably its Peace and Security Council, going forward.
In the long run, PAPSS could also substantially reduce dependence on external currencies, and the associated financial volatilities. Cross-border transactions such as remittance transfer by migrants within Africa and exchanges among small businesses should be easier, quicker, and cheaper.
A closer look at African summitry offers a better understanding of the motives and strategies underlying African leaders’ involvement in these diplomatic exercises and shows how engaging African leaders in these summits could be done in ways that align more with their interests.
Efforts are being made to ramp up production of COVID-19 vaccines in Africa to address the continent’s low rate of vaccination. As of September 2021, there are at least twelve COVID-19 production facilities set up or in the pipeline across six African countries.
Can the leadership of a distinguished Nigerian economist steer the World Trade Organization onto a steadier course?
In the chaotic early weeks of the pandemic, when Europe was ground zero for the international spread of the coronavirus, European unity seemed a distant prospect. But Merkel’s leadership combined with a gigantic recovery fund have helped the EU bounce back.
Even as the economic impact of the pandemic deepens, Putin is unlikely to walk back his signature interventions abroad.