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World Bank TICAD Seminar #37 (World Bank Tokyo Online Morning Seminar #189) “Africa’s Pulse, April 2024 edition – Tackling Inequality is Necessary for Growth and Poverty Reduction”

April 26, 2024
Tokyo, Japan

Increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse report. Transformative policies are needed to address deep-rooted inequality to sustain long-term growth and effectively reduce poverty.

The report projects that growth will rebound in 2024, rising from a low of 2.6 percent in 2023 to 3.4 percent in 2024, and 3.8 percent in 2025. However, this recovery remains tenuous. While inflation is cooling across most economies, falling from a median of 7.1 to 5.1 percent in 2024, it remains high compared to pre-COVID-19 pandemic levels. Additionally, while growth of public debt is slowing, more than half of African governments grapple with external liquidity problems, and face unsustainable debt burdens.

Overall, the report underscores that despite the projected boost in growth, the pace of economic expansion in the region remains below the growth rate of the previous decade (2000-2014) and is insufficient to have a significant effect on poverty reduction. Moreover, due to multiple factors including structural inequality, economic growth reduces poverty in Sub-Saharan Africa less than in other regions.

At this online seminar, Cesar Calderon, Lead Economist, Office of the Chief Economist for Africa Region, presented the main points of the report. 


8am-9am, Friday April 26, 2024 (Japan Standard Time)


Cesar Calderon
Lead Economist, Office of the Chief Economist for Africa Region, World Bank 

Presentation Material:

Africa’s Pulse: Tackling Inequality is Necessary for Growth and Poverty Reduction (PDF)


Related Seminars

World Bank Group Morning Seminar


  • DATE/TIME: 8am-9am, Friday April 26, 2024 (JST)
  • FORMAT: Online (Youtube) *No registration is required
  • LANGUAGE: English (no interpretation to Japanese)
  • CONTACT: Koichi Omori, World Bank Tokyo Office