Policy challenges and institutional reform

Any long-run improvement in living standards in Africa can be achieved only through a sustained rise in productivity. Increasing investment is a prerequisite, if not a guarantee, of rapid productivity growth, because the latter requires the use of more productive technologies and higher skill levels, which are usually embodied in, or closely related to, new plant and equipment. Furthermore, strong complementarities between public investment and private investment mean that these should rise together if the fast and continuous pace of economic growth which has so far eluded the majority of countries in SSA is to be achieved.

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals