Javier Santiso Director
OECD Development Centre
Africa Forum, Paris
5 June, 2009
23 April 2009
How Can Africa Weather the Crisis?
DEVDEV A policy tank for a better world
Non-OECD members2009 - 15 members
OECD members 2009 - 23 members
Egypt
South Africa
India
Thailand
Brazil
Chile
Peru
Indonesia
Morocco
Mauritius
Romania
Vietnam
Colombia
Israel
Costa Rica
AfDB(Observer)
AEOAEO Measuring Africa’s economies since 2001
• Comprehensive, independent analysis
• Short-term macroeconomic forecasts
• Special annual sectoral focus
Key financial backerJunior partners
UNECA
Lead partner
African think tanksLocal consultants
Experts Network
1. Economic overview & annual thematic focus
2006: Transport
2007: Water and sanitation
2008: Technical & vocational skills
2009: Innovation & ICT
2. 47 country chapters
3. Statistical annex and indicators
Global contextGlobal context Africa is still growing fast but…
Source: OECD Development Centre / African Development Bank, 2009
Note: the African Economic Outlook is a joint product of the AfDB, the OECD Development Centre and the UNECA.
Policies 1Policies 1 OECD countries must not forget Africa
DAC members' net ODA 1990 – 2007DAC Secretariat simulations of net ODA to 2008 and 2010
Source: OECD DAC / DCD, 2008
• Commit to aid, especially in times of crisis, but also• Leverage the countercyclical properties of aid• Work together to minimize aid fragmentation
to maximize aid effectiveness
Donors must:
Policies 2Policies 2 The emerging world is not forgetting Africa
Source: OECD Development Centre, based on China Mofcom, 2009
India China
Source: OECD Development Centre, based on UNCTAD, Nepgen and Jansson 2009
Significant Chinese and Indian investments in African infrastructure, up to April 2008
Real GDP growth in brics
Africa must rely on itself to build up its futurePolicies 3Policies 3
-200
0
200
400
600
800
1,000
2002 2003 2004 2005 2006 2007 2008e 2009f
USD
billio
n
Net capital flows to emerging economies
Direct investment Portfolio equity Banks non-bank debt Official flows
AEO.orgAEO.org Africa’s economic portal for policymakers
• Last but not least, let’s discover…
AfricanEconomicOutlook.org
