Featured - Finance - International - March 2, 2021

AFDB to unveil the African Economic Outlook

African Development Bank (AFDB) will launch its 2021 African Economic Outlook on 12 March 2021, BusinessMail reports.

The theme, “From Debt to Resolution to Growth: The Road Ahead for Africa, which examines Africa’s growth performance and outlook and presents the socio-economic impact of COVID-19 pandemic.”

In their statement AFDB said, Africa is projected to recover in 2021 from its worst economic recession in half a century, but the continent still faces significant challenges related to COVID-19 vaccinations and debt burdens.

“One of the most significant consequences of the COVID-19 pandemic has been a rise in the borrowing needs of African governments to cover expenditures induced by the health crisis.

“The African Economic Outlook is the Bank’s flagship tool for economic intelligence, policy dialogue and operational effectiveness,” read the statement.

Panelists to present on the African Economic Outlook will focus on helping African Countries build back better from the crisis and manage debt vulnerabilities.

The launch will be attended by AFDB president Akinwumi Adesina, Nobel laureate Professor Joseph Stiglitz, government ministers and Governors of the Bank, representatives of the diplomatic corporates, researchers and industry experts.

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