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Sub-Saharan Africa. COVID-19 impacts on foreign direct investments in sub-Saharan Africa (Tamara White, Brookings)

Figure 1. Foreign direct investment inflows, 2007-2009 and 2018-2020

Source: United Nations Conference on Trade and Development, World Investment Report. 2021.

In June of this year, the United Nations Conference on Trade and Development (UNCTAD) released its 2021 World Investment Report, in which it focuses on investing in a sustainable recovery from the pandemic. The report itself looks at how the COVID-19 pandemic impacted foreign direct investment globally and investment priorities for the recovery phase. The complex health and economic challenges created by the pandemic throughout the African continent have significant impacts on the foreign direct investment (FDI) both to and from the region. In fact, Africa’s share of total global FDI inflows for developing economies fell from 6.3 percent to 5.9 percent between 2019 and 2020 (Figure 1). Although FDI inflows were already on a decline, COVID-19 continued to have a negative impact on investment globally and regionally.

COVID-19 impacts on foreign direct investments in sub-Saharan Africa (brookings.edu)

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Sub-Saharan Africa – What is driving COVID-19 vaccine hesitancy in Sub-Saharan Africa? (World Bank blogs)

Figure 1 – Compilation of available estimates for COVID-19 vaccine hesitancy in different African countries (some countries have multiple estimates).

NEIA PRATA MENEZES, MULOONGO SIMUZINGILI, ZELALEM YILMA DEBEBE, FEDJA PIVODIC, ERNEST MASSIAH

As African countries accelerate the deployment of COVID-19 (coronavirus) vaccines, the issue of vaccine hesitancy looms. Globally, there has been a rise in general vaccine hesitancy but especially towards COVID-19 vaccines. In Africa, hesitancy must be viewed in the context of significant vaccine shortage; hesitancy does not explain fully the low vaccination rates in Africa. The slow vaccine rollout on the continent is  due to supply constraints, structural issues, and logistical barriers.

What is driving COVID-19 vaccine hesitancy in Sub-Saharan Africa? (worldbank.org)

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Washington Consensus Reforms/Sub Saharan Africa – Washington Consensus Reforms and Lessons for Economic Performance in Sub-Saharan Africa (American Economic Association, Brookings)

Belinda Archibong, Brahima Coulibaly, Ngozi Okonjo-Iweala write: Over three decades after market-oriented structural reforms termed “Washington Consensus” policies were first implemented, we revisit the evidence on policy adoption and the effects of these policies on socio-economic performance in sub-Saharan African countries. We focus on three key ubiquitous reform policies around privatization, fiscal discipline, and trade openness and document significant improvements in economic performance for reformers over the past two decades. Following initial declines in per capita economic growth over the 1980s and 1990s, reform adopters experienced notable increases in per capita real GDP growth in the post–2000 period. We complement aggregate analysis with four country case studies that highlight important lessons for effective reform. Notably, the ability to implement pro-poor policies alongside market-oriented reforms played a central role in successful policy performance

go to American Economic Association: Washington Consensus Reforms and Lessons for Economic Performance in Sub-Saharan Africa – American Economic Association (aeaweb.org)

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(Sub Saharan Africa) Pandemic, poverty, electricity access

Tamara White writes for Brookings: On June 14, the United Nations released its 2021 Sustainable Development Goals (SDG) Report, which examines the world’s progress toward accomplishing the SDGs. The most recent edition placed special emphasis on the COVID-19 pandemic given its role in reversing many SDG gains. More specifically, the authors note that years or even decades of progress have been halted or reversed due to the pandemic.

read more: COVID-19 and poverty’s impact on electricity access in sub-Saharan Africa (brookings.edu)

Figure 1. Proportion of population with access to electricity, 2010 and 2019 (percentage)

Source: The Sustainable Development Goals Report 2021, United Nations.

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Sub Saharan Africa – IMF: 7 steps to speed up the COVID-19 vaccine effort in sub-Saharan Africa (Kristalina Georgieva, Abebe Aemro Selassie, IMF blog)

  • Rapidly rising infections of COVID-19 are placing sub-Saharan Africa in the midst of a third wave.
  • The growth of cases in the region is now the fastest in the world, with an explosive trajectory that is outpacing the record set in the second wave.
  • The only way to truly reduce the rapidly rising risks is by implementing a widespread vaccination program.
  • Unfortunately, current vaccine rollouts in sub-Saharan Africa are the slowest in the world.
  • It’s suggested that re-imposing containment measures like national lockdowns would likely come at too high an economic and social loss.
COVID-19: How to ensure vaccines in sub-Saharan Africa | World Economic Forum (weforum.org)
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Sub-Saharan Africa – We Need to Act Now (Kristalina Georgieva and Abebe Aemro Selassie, IMF blog)

Sub-Saharan Africa is in the grips of a third wave of COVID-19 infections that threatens to be even more brutal than the two that came before.

Sub-Saharan Africa: We Need to Act Now – IMF Blog

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(Sub-Saharan Africa) Working hard and not being counted? Evidence from Sub-Saharan Africa on redefining employment (World Bank blogs)

In 2013, the 19th International Conference of Labour Statisticians (ICLS) profoundly changed international labor statistics standards: One important change (among many) is that going forward, only work done for the purpose of pay or profit is considered employment. Producing outputs only or mainly intended for one’s own or family consumption, common among smallholder farmers in many developing countries, no longer counts towards employment or labor force participation.

https://blogs.worldbank.org/opendata/working-hard-and-not-being-counted-evidence-sub-saharan-africa-redefining-employment

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(Sub-Saharan Africa/Cities) Set Up for Success: Charter Cities in Sub-Saharan Africa (CSIS)

Judd Devermont, Heba Elhanafy

In this edition of Talking Urban Futures in Africa, urban researcher Heba Elhanafy speaks to CSIS Africa Program director Judd Devermont about charter cities in sub-Saharan Africa.

https://www.csis.org/analysis/set-success-charter-cities-sub-saharan-africa

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(Sub-Saharan Africa/Washington Consensus) Washington Consensus reforms and economic performance in sub-Saharan Africa (Brookings)

Belinda ArchibongBrahima Sangafowa Coulibaly, and Ngozi Okonjo-Iweala

Over three decades after market-oriented structural reforms, termed “Washington consensus” policies, were first implemented, we revisit the evidence on policy adoption and the effects of these policies on socio-economic performance in sub-Saharan African countries.

Washington Consensus reforms and economic performance in sub-Saharan Africa

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