Bole Medhanealem,
In front of Kebe Cake Rehobot Apartment Building 1st Floor
Addis Ababa, Ethiopia
P.O.Box 25378/1000
Practical and innovative ways to accelerate inclusive economic transformation in Africa took center stage in a session to review progress and set a new agenda in the implementation of the Doha and Vienna programme of action in Africa at the expert’s segment of the 55th Conference of African Ministers of Finance, Planning & Economic Development.
Presentations by the Economic Commission for Africa (ECA) highlighted that despite a greater emphasis on both programmes of action in building productive capacity, boosting agriculture, food security, trade, good governance, and development, most African countries which form the majority of the LDCs have made only limited headway in transforming the structure of their economies to achieve sustainable development.
According to ECA, the devastating impacts of COVID-19, and the war in Ukraine on production, trade, and its wider economic and social effects, have mired progress even further.
Despite this, some African countries have made some progress in various areas of action. Botswana, Cabo Verde, and Equatorial Guinea have graduated from the list of LDCs while Comoros, Djibouti, Senegal, and Zambia were determined to have met the graduation standards for the first time.
Referance: ENA (March 19/2023 )
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