The question of the architecture of the international financial system is on the agenda. [...] Factors that could explain the weak development of the financial sector include the weakness of member countries’ economies and the limited backward and forward linkages between the real and financial sectors, as well as the lack of basic infrastructure. [...] 8 Annual Report on African Economies The chapter on the CFA franc zone explores the future of the zone in light of recent developments, including the failure to launch the common currency of ECOWAS in 2020 and the withdrawal of Burkina Faso, Mali and Niger from ECOWAS. [...] Given the central role of the RECs in continental integration in Africa, coordination between the African Continental Free Trade Area (AfCFTA) and the RECs is essential to overcome the challenges of integration. [...] The PCNS hosts a series of gatherings of different formats and scales throughout the year, the most important being the annual international conferences the “Atlantic Dialogues”, the “African Peace and Security Annual Conference» (APSACO), and the “Africa Economic Symposium” (AES).
- Pages
- 16
- Published in
- Morocco
Table of Contents
- Table of Content 2
- PART I Macroeconomic and Financial Context in Africa 2
- PART II Monetary Integration and Financial Innovations in Africa 2
- PART III Financial Needs and Development Challenges in Africa 3
- Epilogue 3
- Annexes 3
- Preface 4
- Part 1 outlines the macro-economic framework of the African economy. 4
- The first chapter on macro-financial conditions in Africa 4
- The second chapter examines the complex relationship between exchange rate regimes 5
- The chapter on the contribution of Moroccan banks to financing development in Africa 5
- Part 2 The second part of the report 6
- Economic Community of Central African States ECCAS the 6
- This chapter examines the challenges undermining monetary Union in ECOWAS 7
- The chapter on SADC 7
- In a troubled economic environment financial systems in the Maghreb are looking for a new way forward 8
- The wide disparities between COMESA member states represent a significant obstacle in the medium term to achieving Regional Financial Integration RFI 8
- A comparative analysis of financial development in the IGAD region 8
- The chapter on the CFA franc zone 9
- The last article in this second part takes stock of convergence in the various African RECs The challenges to macro-economic convergence in Africa are manifold 9
- Part 3 is devoted to the issue of financing development in Africa on a continental scale. 9
- The chapter on meeting financing needs 9
- Infrastructure financing in Africa is a major challenge 10
- The vital importance of financial support for African agriculture 10
- These new financing mechanisms are designed to strengthen national food production capacities and links with regional markets 11
- The Pan-African Payment and Settlement System PAPSS 11
- The chapter on credit rating in Africa The chapter on the AUs financial reform 11
- In the Sahel landlockedness is manifested in the distance from active areas within the national territory and coastlines 12
- The corridor linking Morocco Mauritania and Senegal 12
- The reports Epilogue deals with ethics in the use of Artificial Intelligence 13
- Larabi Jaidi Karim El Aynaoui 13
- List of Authors 14
- About Policy Center for the New South 15
