Africa: Reducing Inequality Boosts Growth Too

After close to two decades of robust growth, sub-Saharan Africa is facing a pronounced economic slowdown. Lower commodity prices and tighter financing conditions are posing significant challenges for oil producers and middle-income countries on the sub-continent in particular. In the short term, adjustment to these shocks is unavoidable, notably since lower commodity prices are likely to be here to stay. However Africa’s potential remains strong. One area in particular stands out: reducing inequalities, notably gender inequality, can significantly boost growth.

Opinion 3 MIN