Policy choices made today can have important positive effects on future living standards, according to new long-term economic scenarios released by the OECD. With “business-as-usual” without significant reforms, living standards in the BRIICS countries (Brazil, Russia, India, Indonesia, China and South Africa) grow faster, but decelerate from the 6 per cent annual growth achieved over the last decade to just more than 2 per cent by 2060, leaving them at less than half the level seen in the leading countries.
Africa needs development strategies that are more coherent and that prioritise improved public action to stand up to the challenges of growth, jobs and inequalities prompted by the continent’s remarkable emergence, according to the first issue of a new joint report by the African Union Commission and the OECD Development Centre.
International stakeholders presented research on research matters relating to the six Information For All Programme priority areas. The objectives of the conference were to create a platform for the IFAP policy dialogue and to support the development of sustainable partnerships in BRICS, African countries and the Asia/Pacific Region.
African trade ministers have raised concerns regarding the erosion of Africa Growth and Opportunity Act (AGOA) Forum preferences following the Trump administration’s recent Section 232 measures on steel and aluminium. The ministers called on the US to exempt sub-Sahara Africa exports from the tariffs. They were speaking at the 17th Agoa Forum, running from 9-12 July 2018, in Washington DC.
Among other things, the declaration seeks to support the co-ordinating process for the BRICS Network University, as well as reaffirm the commitment to the UN's Sustainable Development Goal Four, which aims to “ensure inclusive and equitable education and promote lifelong learning opportunities for all”.
The theme is: ‘BRICS in Africa: collaboration for inclusive growth and shared prosperity in the Fourth Industrial Revolution’
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.