This episode of Lagos to Mombasa asks: could ag policy be a means to post-COVID-19 recovery in Africa? Linda Manda of Standard Bank Group and Gillian Pais of McKinsey & Company join Gyude to discuss the true potential of the agriculture sector, not just in addressing Africa’s own food security needs but also in its global contributions.
CGD Policy Blogs
In this episode of the new series Lagos to Mombasa, Abebe Aemro Selassie of the IMF and Charlie Robertson of Renaissance Capital join Gyude Moore to discuss how to increase investment in transportation, power, water, health, and education infrastructure to spur economic growth in African countries.
This first episode of the new Africa-centered podcast series Lagos to Mombasa examines how African governments can shape their responses to the pandemic and prepare for the future. Patrick Tippoo of Biovac and the African Vaccine Manufacturing Initiative and Prashant Yadav from CGD join Gyude Moore to discuss options and opportunities.
Next Thursday CGD will launch the new podcast series Lagos to Mombasa: The Trans-Africa Podcast from CGD. The series will focus on policies, problems, and promise across Africa. Join Gyude Moore every two weeks as he speaks to researchers and practitioners about some of the biggest development challenges facing the continent.
The US International Development Finance Corporation (DFC) is the $60 billion agency that’s supposed to catalyze investment to capital-starved countries, bolster job-creation in emerging markets, and support US foreign policy. The BUILD Act which created the DFC was a bipartisan bill, carefully crafted to overcome long-standing objections from both liberals and conservatives to its beleaguered predecessor agency. Recent actions from the Hill and the White House, each one arguably unobjectionable on its own, all add up to a highly worrying erosion of the DFC’s mandate—that threaten both the political bargain that sustains the agency and US strategic goals across Africa.
The Biden administration’s policy anchors—responding to climate change, investing in American competitiveness, and supporting global economic recovery—must extend to US policy in Africa.
The Biden Administration May Join the European Union in a Ban on Financing Fossil Fuels with Development Dollars. Poor Countries Must Be Exempt.
Since taking office, the Biden Administration has taken several steps to address the climate crisis and plans to do more on the international stage. This trend will be in line with an earlier move by the European Union to “stop funding oil, gas, and coal projects at the end of 2021, cutting €2bn (£1.7bn) of yearly investments.” But a blanket ban on fossil fuels is likely to stifle economic growth and make poor populations in Africa even more vulnerable to the impacts of climate change.
As the virus spread and shut down life as we know it, global response became increasingly tainted by provincialism. From seizing masks and medical supplies en route to other countries to preventing vaccine exports, the world’s richest countries turned inward and neglected the global response effort. It is not too late to correct what has been an egregious failure in leadership.
On January 25, the African Center for Economic Transformation (ACET) and CGD convened a panel of seven experts, including from government, the private sector, and financing partners, to discuss the potential for increasing DRM in the aftermath of the COVID-19 health and economic crises.