Publication:
Africa's Pulse, No. 29, April 2024: Tackling Inequality to Revitalize Growth and Reduce Poverty in Africa

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-03-19T15:45:01Z
dc.date.available2024-03-19T15:45:01Z
dc.date.issued2024-04-08
dc.description.abstractEconomic growth is expected to rebound in Sub-Saharan Africa, supported by increased private consumption and declining inflation in 2024. However, this positive outlook remains fragile due to uncertain global economic conditions, low fiscal buffers, growing debt service obligation, costly external borrowing, and escalating conflict and violence, which continue to weigh on economic activity in the region. Despite the projected boost in growth, the pace of economic expansion in the region remains slow and insufficient to significantly affect poverty reduction. Structural inequality is at the core of these challenges and tackling it can help to restore growth and accelerate poverty reduction. While domestic resource mobilization and support from the international community can help alleviate the region's funding squeeze, investing in human capital, and strengthening local capacity for service delivery can build people's capacity to seize market opportunities. Policies that boost market access by addressing institutional distortions and market imperfections are also critical for fostering inclusive growth.en
dc.description.abstractLa croissance économique devrait rebondir en Afrique subsaharienne, principalement menée par une plus grande croissance de la consommation privée et une baisse de l'inflation en 2024. Toutefois, ces perspectives positives restent fragiles en raison des conditions économiques mondiales incertaines, des faibles réserves budgétaires, de l'obligation croissante du service de la dette, des emprunts extérieurs coûteux et de l'escalade des conflits et de la violence, qui continuent de peser sur l'activité économique dans la région. Malgré les prévisions de reprise de la croissance, le rythme de l'expansion économique dans la région reste lent et insuffisant pour avoir un effet significatif sur la réduction de la pauvreté. L'inégalité structurelle est au coeur de ces défis et s'y attaquer peut contribuer à relancer la croissance et à accélérer la réduction de la pauvreté. Si la mobilisation des ressources intérieures et le soutien de la communauté internationale peuvent contribuer à atténuer la pénurie de financement dans la région, l'investissement dans le capital humain et le renforcement des capacités locales de prestation de services peuvent renforcer la capacité des populations à saisir les opportunités du marché. Les politiques qui favorisent l'accès au marché en s'attaquant aux distorsions institutionnelles et aux imperfections du marché sont également essentielles pour favoriser une croissance inclusive.fr
dc.identifier.doi10.1596/978-1-4648-2109-7
dc.identifier.isbn978-1-4648-2109-7 (electronic)
dc.identifier.urihttps://hdl.handle.net/10986/41213
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectECONOMIC GROWTH
dc.subjectDEBT VULNERABILITIES AND EXTERNAL BORROWING
dc.subjectFISCAL CONSOLIDATION
dc.subjectINFLATION
dc.subjectSTRUCTURAL INEQUALITY
dc.subjectPOVERTY REDUCTION
dc.subjectDOMESTIC RESOURCE MOBILIZATION
dc.subjectMARKET IMPERFECTIONS
dc.subjectNO POVERTY
dc.subjectSDG 1
dc.subjectQUALITY EDUCATION
dc.subjectSDG 4
dc.titleAfrica's Pulse, No. 29, April 2024: Tackling Inequality to Revitalize Growth and Reduce Poverty in Africaen
dc.titleAfrica's Pulse, No. 29, Avril 2024: Lutter contre les inégalités pour revitaliser la croissance et réduire la pauvreté en Afriquefr
dspace.entity.typePublication
okr.associatedcontenthttps://www.worldbank.org/en/region/afr/brief/office-of-chief-economist-in-the-africa-region Office of the Chief Economist, Africa Region
okr.date.disclosure2024-04-08
okr.docurlhttps://documents.worldbank.org/en/publication/documents-reports/documentdetail/099009304082416318/idu1e42991fc157681444f1aa551febfbae741eb
okr.guid099019404082470111
okr.guid099228304082417952
okr.guid099009304082416318
okr.guid099233004082442292
okr.identifier.doihttps://doi.org/10.1596/41213
okr.identifier.report189043
okr.language.supportedfrfr
okr.region.administrativeAfrica
okr.region.administrativeAfrica Eastern and Southern (AFE)
okr.region.administrativeAfrica Western and Central (AFW)
okr.region.geographicalSub-Saharan Africa
okr.topicMacroeconomics and Economic Growth
okr.topicPoverty Reduction
okr.topicEducation
okr.topicPrivate Sector Development
okr.unitAFEVP - Office of the Chief Economist for the Africa Region
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