Economic Report on Africa 2009

Developing African Agriculture Through Regional Value Chains

image of Economic Report on Africa 2009

The Economic Report on Africa 2009 (ERA 2009) is organized into two parts. Part I examines global economic developments and their implication for Africa, analyses recent economic and social trends, and highlights emerging development challenges to the continent in 2008. Part II is devoted to the issue of regional value challenges to developing African agriculture. ERA 2009 then focuses on the question of how to enhance structural transformation of African agriculture through systematic efforts to develop regionally integrated value chains and markets for selected strategic food and agricultural commodities. Finally, the report urges African governments to operationalize commitments to develop agriculture, and suggests strategies that promote viable value chains at the national and regional levels.



Growth and Social Development in Africa in 2008 and Prospects for 2009

Economic performance in Africa slowed in 2008 and is projected to slow further in 2009. Africa’s economic downturn is spurred by the financial turmoil that originated in the USA and affected most countries of the world. For the continent as a whole, despite this decline, fiscal and current account balances have improved and domestic savings and investment rates increased. However, with high average fuel and food prices in 2008, Africa’s average inflation rate rose significantly, threatening macroeconomic stability and food security in many countries.


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