{"id":59579,"date":"2024-11-27T06:22:42","date_gmt":"2024-11-27T06:22:42","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future"},"modified":"2024-11-27T06:55:25","modified_gmt":"2024-11-27T06:55:25","slug":"2024-aec-africa-must-act-now-to-secure-its-economic-future","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future","title":{"rendered":"2024 AEC: Africa must Act now to Secure its Economic Future"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>The 2024 African Economic Conference concluded with a resounding call for swift and decisive action to address the continent’s pressing economic challenges amid global uncertainties.<\/b><\/p>\n

The three-day conference, themed “Securing Africa\u2019s Economic Future Amidst Rising Uncertainty,” brought together leaders, policymakers, and experts to deliberate on actionable solutions to Africa\u2019s economic challenges and opportunities. Organized by the Government of Botswana, the African Development Bank (AfDB), the UN Economic Commission for Africa (ECA), and the United Nations Development Programme (UNDP), it underscored the need for urgency in translating ideas into transformative actions.<\/p>\n

Raymond Gilpin, Chief Economist and Head of the Strategy, Analysis, and Research Team at UNDP\u2019s Regional Bureau for Africa, highlighted the critical impact of global turbulence on Africa\u2019s development trajectory. He cautioned that increasing global protectionism and conflicts have constrained investment flows, trade, and economic progress, while the continent faces disproportionate challenges from climate change, mounting debt, and eroded development gains.<\/p>\n

\u201cGlobal uncertainties and climate shocks are testing Africa\u2019s resilience, but we cannot let these define our future,\u201d Gilpin stated. \u201cWe are standing at a crossroads. The path forward lies in leveraging our unique strengths \u2013 through deeper regional integration, innovative technologies, entrepreneurial energy, and the power of our youth. These are the tools that will drive our transformation.\u201d<\/p>\n

Gilpin stressed the need for institutional reform and renewed urgency:<\/p>\n

\u201cAs leading institutions on the continent, the AfDB, ECA, and UNDP must step up, not just in articulating smart ideas, but in fundamentally rethinking how we operate. The Africa of today is dynamic and evolving \u2013 our strategies must evolve with it. This is about action, not aspiration.\u201d<\/p>\n

Anthony Simpasa, Director of the Macroeconomic Policy, Forecasting, and Research Department at the AfDB, underscored the importance of entrepreneurship, international trade, and natural resource management in building resilience against external shocks.<\/p>\n

\u201cWe have the tools to create change, but tools alone are not enough,\u201d Simpasa emphasized. \u201cWe need practical, evidence-based solutions to transform economies, diversify growth drivers, and build shock absorbers for future crises. Political commitment and policy coherence are critical to creating an environment that fosters growth and resilience.\u201d<\/p>\n

Zuzana Schwidrowski, Director of the Macroeconomics, Finance, and Governance Division at the ECA, echoed the need for collective effort and inward-focused solutions. She cited the African Continental Free Trade Area (AfCFTA) as a transformative opportunity to bolster regional trade and economic integration.<\/p>\n

\u201cAfrica is not asking for handouts,\u201d Schwidrowski said. \u201cEvery challenge brings with it an opportunity. Amidst global fragmentation and trade wars, Africa has the chance to carve out new niches and seize emerging opportunities. We must work together to capitalize on them.\u201d<\/p>\n

Schwidrowski also praised Botswana\u2019s exemplary governance and economic stewardship, highlighting its status as a top-rated African sovereign and a model for the continent.<\/p>\n

The conference concluded with a commitment to accelerating policy and regulatory reforms, fostering innovation, and harnessing Africa\u2019s demographic dividend to build a resilient and prosperous economic future.<\/p>\n

The Conference brought together over 500 participants, including heads of state, government officials, policymakers, academics, development experts, business leaders, and representatives from civil society and international organizations. By bringing together the continent\u2019s brightest minds and most influential leaders, the African Economic Conference continues to provide a platform for actionable solutions that can secure a prosperous, sustainable, and inclusive future for all Africans.<\/p>\n

UNDP.ORG<\/b><\/p>\n

For More News And Analysis About Botswana<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. The 2024 African Economic Conference concluded with a resounding call for swift and decisive action to address the continent’s pressing economic challenges amid global uncertainties. The three-day conference, themed “Securing Africa\u2019s Economic Future Amidst Rising Uncertainty,” brought together leaders, policymakers, and experts to deliberate on actionable solutions to Africa\u2019s economic challenges and […]<\/p>\n","protected":false},"author":84,"featured_media":59578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[234],"class_list":["post-59579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-botswana"],"yoast_head":"\n2024 AEC: Africa must Act now to Secure its Economic Future - Botswana<\/title>\n<meta name=\"description\" content=\"The 2024 African Economic Conference concluded with a resounding call for swift and decisive action to address the co ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2024 AEC: Africa must Act now to Secure its Economic Future\" \/>\n<meta property=\"og:description\" content=\"The 2024 African Economic Conference concluded with a resounding call for swift and decisive action to address the co ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-27T06:22:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-27T06:55:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/11\/sm_1732677796.796892.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1720\" \/>\n\t<meta property=\"og:image:height\" content=\"1143\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"2024 AEC: Africa must Act now to Secure its Economic Future\",\"datePublished\":\"2024-11-27T06:22:42+00:00\",\"dateModified\":\"2024-11-27T06:55:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future\"},\"wordCount\":572,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2024\/11\/sm_1732677796.796892.jpg\",\"keywords\":[\"Botswana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/2024-aec-africa-must-act-now-to-secure-its-economic-future\",\"name\":\"2024 AEC: Africa must Act now to Secure its Economic Future - 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