African Development Bank’s new leader has chance to break with flawed strategy
While Western investors get jittery when there is bad news from Beijing, the big losers from China’s slowdown are in Africa. The continent is heavily dependent on Chinese investments and its huge appetite for raw materials. If the Chinese authorities decide that Africa is no longer a priority, many economies will suffer badly.
<i>African growth is particularly vulnerable because it has been fuelled by costly infrastructural projects, financed by public debt. The outcomes have not been impressive, while the condition of public finances in many countries has markedly deteriorated. Two main policy courses are open, each offering a key role to the Africa Development Bank (AfDB) and ...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.