09/09/2020
Transformation = Growth + DEPTH
Since the mid 1990s, many African countries have seen steady economic growth but have struggled to leverage that growth into sustainable development policies and plans.
For example, countries continue to rely excessively on low-productivity agriculture, and they have failed to develop strong manufacturing industries
It's vital, we work with Africa’s public and private sectors to address the policy and institutional barriers that hamper sustained growth.
In our view, it is not enough for African economies to simply grow. They must also transform.
In short, African countries need Growth with DEPTH, which is how we intend to encapsulates the multidimensional process of economic transformation into a practical policy agenda.
DEPTH
D – Diversification
While pursuing further improvements in the macroeconomic and business environments, countries have to diversify their production and exports.
E – Export competitiveness
P – Productivity increases
T – Technological upgrading
H – Improved Human well-being
2014 African Transformation Report
Areas of Focus
we have to focus on the “how-to” of policy reform, drawing on the best experiences and practices from within Africa and around the world. We accomplish this by relying on on a core set of objectives and activities supported by our organization’s five operating pillars.
5 Operating Pillars
PILLAR ONE
Economic Strategies and Management for Transformation
Objectives
To help countries produce more transformational development strategies and plans in response to country demand. To help countries raise resources and manage them efficiently to promote economic transformation.
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Opportunities meet planning.
