The 2023 Economic Report on Africa has called for new approaches for African countries to address the challenges of global economic shocks.
The report, launched by the United Nations, also recommends structural transformation for sustainable growth and Resilience
It is no longer news that COVID-19 had a major economic impact on Africa
The capacity of Africa to overcome the pandemic-induced setback was exacerbated by the Russian Invasion of Ukraine, taking a toll on food prices.
The report- ‘Building Africa’s Resilience to Global Economic Shocks,’ jointly published by the African Union Commission, United Nations Economic Commission for Africa, African Development Bank and UNDP tells why Africa is not on course with achievements of SDG 2030 and AU agenda 2063
The report also says there’s a need to transform primary commodities to help build Resilience on the continent and encourage inter-Africa trade in food commodities to reduce dependence on imported foods
The impact of…