Africa’s Fateful Choice
With Africa reeling from multiple crises this year, the region's governments will have to direct their policy responses not just toward short-term recovery, but also toward long-term sustainability and resilience. Africa simply cannot afford any more investments in the dirty, inefficient, fragile economy of the past.
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CAPE TOWN – The International Monetary Fund predicts that COVID-19 could set Sub-Saharan Africa back by a decade in per capita GDP terms, which means that staging a strong recovery from the crisis will be critical. But African leaders must choose wisely among the available policy options. If investments made today merely set the stage for future environmental and economic crises, the region will find itself back where it started.