World Bank urges African countries to "pay attention to the pace of debt growth"ssement de la dette »

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"What is alarming is not the fact of getting into debt, but it is rather when the pace of indebtedness is frantic with respect to debt sustainability," said the World Bank expert. before adding that "the debt rate has experienced remarkable growth. African countries doubled their debt in five years and in March 2018, 18 countries were classified as being at high risk of debt distress, compared to eight in 2013 ". This should lead our African countries to pay attention to debt management, hammered the Bank's economist who advises African States mobilization of internal resources to avoid over-indebtedness. This involves improving the efficiency of public spending, tax incentives, the implementation of fiscal management policies and the deepening of institutional reforms.

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Economic growth rebounds in Africa, but too slowly However, the report of Africa's Pulse (author of this report), everything is not dark. Despite the level of indebtedness, sub-Saharan Africa's growth is expected to reach 3.1% in 2018, averaging 3.6% over 2019-20. In West Africa, Côte d'Ivoire (7.4% growth) and Senegal will maintain solid growth, underpinned by infrastructure investments. The moderate pace of economic expansion reflects the gradual recovery of growth in the three largest economies of the region: Nigeria, Angola and South Africa. In addition, economic activity is set to rebound in some metal-exporting countries as output and investment in the mining sector improve. Growth prospects improved in most East African countries, reflecting improved growth in the agricultural sector after several droughts and a recovery in private sector credit. In Ethiopia, growth will remain strong, benefiting from continued public investment in infrastructure.

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"Growth has rebounded in sub-Saharan Africa, but not fast enough. We are still far from pre-crisis levels, says Albert Zeufack. African countries need to intensify and deepen macroeconomic and structural reforms to achieve high and sustained levels of growth. " Contrary to the countries of the CEMAC zone (Central African Economic and Monetary Community) that the decline in the price of oil precipitated in the crisis, the members of the West African Economic and Monetary Union (UEMOA) are experiencing economic growth. . The case of Côte d'Ivoire, according to the World Bank, is quite remarkable because of its growth of 7.4% despite the decline in the price of cocoa, its main raw material. And this because Côte d'Ivoire is working to create added value on the raw material before exporting. What drives the development of the manufacturing industry and the creation of jobs to believe the experts of the World Bank.