Agile policy shifts will drive Africa’s recovery

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According to the World Bank, sub-Saharan Africa needs sound policies to lead the recovery. Picture: iStock
According to the World Bank, sub-Saharan Africa needs sound policies to lead the recovery. Picture: iStock

BUSINESS

The World Bank believes that Africa’s road to economic recovery must be paved with sound economic policies, and that African countries need to reconstitute their fiscal space to finance programmes that can stimulate recovery, improve debt management and fight corruption.

However, the most crucial measure of African countries’ economic recovery will depend on how fast they can prioritise policy actions and investment that address the dual challenges of extreme unemployment and inequality.

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