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Economic Development in Africa report 2014

Catalysing Investment for Transformative Growth in Africa

image of Economic Development in Africa report 2014
The Economic Development in Africa Report 2014 addresses the current state of development in Africa. Over the past decade, African countries have had relatively good economic growth performance. But average investment rates on the continent remain low relative to what is considered necessary to achieve national development goals and relative to the average rate for developing countries. These facts suggest that Africa’s recent growth may be fragile and that it is unlikely to be sustained in the medium to long term if current trends continue. The key question, then, is how can African Governments catalyse investment for sustained and transformative growth? This report addresses that question

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UNCTAD at fifty: a brief overview of UNCTAD’s work on Africa

Since its establishment in 1964, UNCTAD has contributed to economic development in Africa through research, policy analysis, technical cooperation, and by facilitating consensus on global issues affecting Africa’s development. In line with its mandate, UNCTAD’s support to Africa over the past five decades has focused mainly on trade and development as well as interrelated issues in the areas of finance, technology, investment and sustainable development. For example, UNCTAD has contributed to economic integration in Africa through technical assistance and policy-related capacity-building support to African regional economic communities and organizations. It participated in the work of the committee set up by the Organization of African Unity to draft the treaty for the creation of the African Economic Community. It has also supported the African Union in implementing the Abuja Treaty and its Action Plan for Boosting Intra-African Trade.

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