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Home Africa

Experts to review UN ECA flagship Economic Report on Africa 2020

Staff by Staff
January 15, 2020
in Africa, Conference, Development, Economy, Finance, Fintech, Report, South Africa
Reading Time: 2 mins read
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An expert group meeting to review the Economic Commission for Africa’s (ECA) flagship Economic Report on Africa (ERA 2020) has been scheduled for 16 – 17 January 2020 in Johannesburg, South Africa.

The report is titled “Innovation for Private Sector Development in Africa.” It looks at current knowledge on innovations in finance, including financial technologies (Fintech) and how such innovations can make a clear breakthrough in financing business sector development in Africa.

The Economic Report on Africa is ECA’s main flagship publication. Each edition appraises recent economic and social developments in Africa and delves into a key policy issue facing the continent.

The 2020 report builds on previous editions of ERA and various analytical work undertaken by ECA, as well as research by other research institutions, on financing Africa’s development. It provides evidence-based reference material for policymakers, business sector decision-makers and other stakeholders on harnessing private sector finance for Africa’s sustainable development.

Another important consideration in the report is on how African countries can adopt industrial policy and investment policy to support digital development.

The overall aim of the report is to articulate how innovative sources of finance can be utilized to finance Africa’s business sector development, taking into account both potential innovations in the financial services sector and innovations in businesses (such as start-ups, micro-enterprises, large corporates, and private-public enterprises). These are integral components of achieving sustainable economic development.

ERA 2020 is an interdivisional collaborative work led by ECA’s Private Sector Development and Finance Division (PSDFD) and the Macroeconomic and Governance Division (MGD), with appropriate contributions from all substantive divisions.

The report is scheduled for launch during ECA’s Conference of African Ministers of Finance, Planning and Economic Development in March 2020.

Source: EIN News

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Tags: africaConference of African Ministers of Finance Planning and Economic DevelopmentECAEconomic Commission for AfricaEconomic Report on AfricaERAfintechInnovation for Private Sector Development in AfricaJohannesburgMacroeconomic and Governance DivisionMGDPrivate Sector Development and Finance DivisionPSDFDSouth Africaафрикаюжная-африкаأفريقياجنوب-أفريقياアフリカ南アフリカ南非非洲
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