Sub-Saharan Africa’s economies face severe strains and must take action to reignite sustainable growth
Over the past few years, I have been heartened by the progress on the ground in sub-Saharan Africa. Along with the extended period of strong economic growth of the past 15 years came improvements in health indicators and standards of living. Now that the region’s economy has entered a rough patch, there is a risk that the progress that has reached so many will stall. A confluence of external and domestic factors is exerting severe strain on many countries, including the largest ones. So to reignite the engine of sustainable growth that has propelled the region in the recent past and secure favorable medium-term prospects, governments must implement a strong policy reset…