Africa: Major Reforms Boosting Growth, Says World Bank

source: allAfrica

14 November 2007
Posted to the web 14 November 2007

Cape Town

Africa’s prospects for economic growth are improving as a result of reforms in macro-economic management and trade policy, as well as better governance, the World Bank reports today.

In a study entitled Africa Development Indicators 2007, the bank says that “something decidedly new is on the horizon in Africa…Many African economies appear to have turned the corner and moved to a path of faster and steadier economic growth.”

Economic performance in the decade until 2005 reversed the “collapses” of the decade ending in 1985, and the “stagnations” of the ensuing 10 years.

“For the first time in three decades,” the report adds, “African economies are growing with the [continue reading]

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