“African countries increasingly offer the conditions of good governance,” he said. To help potential investors get a better idea of African possibilities, the OECD Development Centre and African Development Bank have released the first African Economic Outlook report, which offers both an overview of the region and the individual economic, social and political situations of 22 African countries.
The Outlook offers a portrait of the economic, political and social situation and prospects for each country. It also includes comparative data for the 22 countries, ranging from economic growth to perceptions of corruption and incidences of conflict. The report sees real GDP growth for the 22 at 3.3% in 2002, down from 3.5% in 2001, ranging from 50.7% in Equatorial Guinea to a slight decline of 0.3% in Gabon. One of the key words to emerge at the first International Forum on African Perspectives in February 2000 was “Afro-positive”, a term coined by Jean-Louis Terrier, the chairman of Credit Risk International. The OECD’s new outlook may help to spread a clearer, healthier view of the real positive potential that Africa’s countries and regions hold.
• African Economic Outlook is available from the online bookshop at www.oecd.org/bookshop/
©OECD Observer No 230, January 2002