Sustainable Development in Post-Pandemic Africa

With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa. In addition to triggering the most severe recession in nearly a century, the CO...

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Format: Online
Language:English
Published: Taylor & Francis 2023
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Online Access:OCN: 1338165207
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collection Directory of Open Access Books
description With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa. In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world’s most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues that now, as the continent emerges from the current crisis, it will be important to reconfigure current financing sources under a forward-looking framework that incorporates other non-traditional financing tools and mechanisms such as public-private partnerships, sovereign wealth funds, gender lens investing, new growth drivers, and emerging and disruptive technologies. Finally, the book concludes by adopting a sectoral approach and examining the real economy impacts of new growth drivers such as agriculture value chains, industrialization, tourism, and the blue economy. Drawing on a range of original research as well as insights from practice, this book will be a useful guide for Global Development and African Studies researchers, as well as for policy makers, investors, finance specialists, and global business practitioners and entrepreneurs.
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spelling doab-20.500.12854ir-1231282025-06-24T08:16:08Z Sustainable Development in Post-Pandemic Africa Olayele, Fred Samy, Yiagadeesen Africa, debt, financing sources, industrialization, sustainable development, tourism With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa. In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world’s most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues that now, as the continent emerges from the current crisis, it will be important to reconfigure current financing sources under a forward-looking framework that incorporates other non-traditional financing tools and mechanisms such as public-private partnerships, sovereign wealth funds, gender lens investing, new growth drivers, and emerging and disruptive technologies. Finally, the book concludes by adopting a sectoral approach and examining the real economy impacts of new growth drivers such as agriculture value chains, industrialization, tourism, and the blue economy. Drawing on a range of original research as well as insights from practice, this book will be a useful guide for Global Development and African Studies researchers, as well as for policy makers, investors, finance specialists, and global business practitioners and entrepreneurs. 2023-11-21T04:31:11Z 2023-11-21T04:31:11Z 2023-11-20T13:10:36Z 2023 book OCN: 1338165207 https://library.oapen.org/handle/20.500.12657/85256 9781003185062 9781032027609 9781032027616 https://directory.doabooks.org/handle/20.500.12854/123128 eng open access Taylor & Francis Routledge 10.4324/9781003185062 10.4324/9781003185062 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 Chapter 4 Enhancing Gender-Responsive Financing in Africa 9781003185062 9781032027609 9781032027616 Routledge open access
spellingShingle Africa, debt, financing sources, industrialization, sustainable development, tourism
Sustainable Development in Post-Pandemic Africa
title Sustainable Development in Post-Pandemic Africa
title_full Sustainable Development in Post-Pandemic Africa
title_fullStr Sustainable Development in Post-Pandemic Africa
title_full_unstemmed Sustainable Development in Post-Pandemic Africa
title_short Sustainable Development in Post-Pandemic Africa
title_sort sustainable development in post pandemic africa
topic Africa, debt, financing sources, industrialization, sustainable development, tourism
topic_facet Africa, debt, financing sources, industrialization, sustainable development, tourism
url OCN: 1338165207