AfDB Group launches inaugural edition of Africa’s Macroeconomic Performance, Outlook

At the conference

By Kennedy Nnamani

THE African Development Bank, Group, AfDB, has launched the inaugural edition of Africa’s 2023 Macroeconomic Performance and Outlook, MEO, report.

The event took place on Thursday at the bank’s Abidjan Headquarters and was also attended virtually by stakeholders across the globe.

While delivering his welcome address, Akinwumi Adesina, President, African Development Bank Group, noted that the report reiterates the call for accelerating the implementation of structural reform that will drive private sector industrialisation in key sectors such as agriculture and agro business, climate, smart and just energy transition as well as development in natural resources.

The AfDB Group noted that the publication will offer policymakers, global investors, researchers, and other development partners an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments.

The Bank also noted that the report will be released in the first and third quarters of each year and will complement the Bank’s flagship African Economic Outlook report, which focuses on key emerging issues relevant to Africa’s development.