Africa needs to curb poverty and social inequality to meet development goals

March 23, 2023 AELEX Admin 0 Comments

Addis Ababa 15 March 2023 (ECA) – With slower economic growth and high inflation, many African countries are struggling to meet the continent’s development goals due to the impact of severe and mutually reinforcing shocks. Adam Elhiraika, Director of the Macroeconomic Policy Division at ECA explained that the COVID-19 pandemic, the Ukrainian war and resultant food and energy crisis, rising inflation, debt tightening, and natural disasters resulted in serious developmental challenges on the continent such as increased poverty and high inequality rates and lack of decent jobs.

Read more

Leave a Reply:

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.