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Africa – How to attract private finance to Africa’s development (World Bank blogs)

LUC EYRAUD, CATHERINE PATTILLO, ABEBE AEMRO SELASSIE

African economies are at a pivotal juncture. The COVID-19 pandemic has brought economic activity to a standstill. Africa’s hard-won economic gains of the last two decades, critical in improving living standards, could be reversed. High public debt levels and the uncertain outlook for international aid limit the scope for growth through large public investment programs. The private sector will have to play more of a role in economic development if countries are to enjoy a strong recovery and avoid economic stagnation.  Heads of state from Africa made this one of their resounding messages during the recent summit on “Financing African Economies” held in Paris in May.

How to attract private finance to Africa’s development (worldbank.org)