Insights
Smart Recovery: Digitization and Transparency will Drive Africa’s Private Sector Growth
While Africa has so far avoided the worst of the health consequences of the coronavirus, relative to other parts of the world, the pandemic has laid bare the underlying market fragility across the continent. The pan-African economy is enduring its first extreme recession in 25 years, pushing per capita GDP down 10% in nominal terms to levels last seen in 2013. Very little if any fiscal rescue came from Treasuries to consumers, workers, and civil servants across Africa to cushion the economic blow that followed the pandemic response. The hardest hit are workers in the informal sector, which makes up…
The Coming Transformation of Ukraine
From Survival to Sustainable Development: Lessons Learned from CIPE’s Private Sector Approach Soon Ukraine will embark upon reconstruction in the aftermath of the full-scale Russian invasion, which has displaced around 10 million people and left the economy in shambles. Recovery costs, including humanitarian and economic needs, have been estimated in excess of $400 billion1. Over the course of the coming reconstruction, Ukraine will face the tasks of restoring stability and rebuilding livelihoods, but more than this will need to reinvent its economy and governance in order to carry itself forward. As Ukraine charts its path through a turbulent time, it…
“Corruption breeds incompetence.”
