After two “lost decades” from the mid-1970s to the mid-1990s, Africa’s economic growth has resumed in the last twenty years. In the last decade in particular (i.e. between 2003-2014), GDP growth in the region has averaged 5.1%, making it the second fastest-growing region in the world, after East Asia. Yet, with approximately 49% of Africans still living below $1.25 per person per day, this growth is not translating into poverty reduction as effectively as anyone would like.
In this interview Francisco H. G. Ferreira, World Bank Chief Economist for the Africa Region and a Research Fellow at the Institute for the Study of Labor (IZA, Bonn), focuses on the implementation of development policies in Africa, human capital empowerment and, finally, the strategies to deal with religious and cultural conflicts and to promote nation-building processes in the Sahel region in particular.
FEEM Lecture "Growth and Poverty Reduction in Africa" by Francisco H. G. Ferreira, Chief Economist, Africa Region, World Bank