🚨 Publication Alert! 🚨 Can #SriLanka 🇱🇰 move beyond recovery to achieve lasting economic prosperity? Our new essay series, "Sri Lanka: from debt default to transformative growth," lays out a compelling roadmap to propel the nation beyond economic stabilisation and into a future of sustainable, equitable growth. With crucial elections just around the corner, this collection features insights from leading local and international experts, offering 27 concrete policy proposals to steer the nation's trajectory from debt distress towards lasting prosperity. Key themes covered in the book include: ➡️ Building cross-party consensus ➡️ Ensuring debt sustainability ➡️ Strengthening Central Bank independence ➡️ Supporting fiscal sustainability ➡️ Undertaking economic transformation ➡️ Making growth inclusive 📰 Read the full #PressRelease: https://lnkd.in/e7xzUnwe 📚 Download the book via ODI: https://lnkd.in/eKzMqDfB Huge thanks to the book's editors, Ganeshan Wignaraja and Dirk Willem te Velde, and all the brilliant minds who contributed their expertise to this important work, including Ashanthi Abayasekara, Sirimal Abeyratne, Derrick Abudu, Chandranath Amarasekara, Ambassador Ravinatha Aryasinha, Yohannes Ayele, Yunnan Chen, Indrajit Coomaraswamy, Frederique Dahan, Shanta Devarajan, M Ganeshamoorthy, Hazel Granger, Tom Hart, Michael Iveson, Murtaza Jafferjee, Sujeetha Jegajeevan, PhD, Maximiliano Mendez Parra, P Nandalal Weerasinghe, Phyllis Papadavid, Roshan Perera, Sherillyn Raga and Gregory Smith. #EconomicTransformation #EconomicDevelopment #DebtRestructuring #StructuralReforms #EconomicRecovery
ODI Trade and Economic Development
Think Tanks
London, England 2,013 followers
Expert analysis on trade and economic development at ODI, a leading global affairs think tank
About us
ODI's International Economic Development Group (IEDG) drives sustainable, equitable economic growth. We deliver cutting-edge research, policy advice, and practical support on trade, investment and economic development. IEDG is also the home of the Supporting Investment and Trade in Africa (SITA) programme – an initiative funded by the UK Government driving African economic integration through the African Continental Free Trade Area (AfCFTA). Through the SITA programme, we work in partnership with the AfCFTA Secretariat to provide research, policy support and on-the-ground expertise to unlock trade potential across the continent.
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ODI Trade and Economic Development reposted this
Principal Research Fellow / Director International Economic Development @ODIdev; Director Supporting Investment and Trade in Africa; Professor of Practice @SOAS; Member STAG @tradegovuk; Director, Secretariat of APPG-ToP
Last week I attended the Biashara Africa 2024 , African Continental Free Trade Area (AfCFTA) Secretariat’s second business forum (after the first in September 2023 in Cape Town) . Apart from high level quality segments with President Kagame, Minister Prudence SEBAHIZI and others, there were also very informative, action oriented, and focused workshops. Such a conference is also a very good way to connect with a range of very busy AfCFTA staff and AfCFTA champions. Very grateful to meetings with H.E SG Wamkele Mene, Chief of Staff Rui Livramento, and Dr Dr. Tsotetsi Makong (PhD), continuing close collaboration. Other highlights include the work in the AfCFTA magazine by Yafika Chitanda and José Luis TAVARES SEMEDO on national implementation committees covering recent ODI AfCFTA work and also AfCFTA capacity building workshops in state parties such as Rwanda, with details here https://lnkd.in/eS7QKQBx Grateful to contribute to a session on investment, mentioning the AfCFTA work by Roslyn Ng'eno and others on the Protocol on Investment, see for the latest joint AfCFTA ODI publications here https://lnkd.in/euhdRmFe Don't forget to check the recent African Continental Free Trade Area (AfCFTA) Secretariat SOAS University of London, ODI study on African FDI data to support implementation of the Protocol on Investment https://lnkd.in/eXtEHqtG Fascinating to meet ‘001’ the energetic Chinwe Ezenwa whose company LeLook became the first to receive a Nigeria AfCFTA Certificate of Origin. With Olusegun Olutayo Nigeria AfCFTA Coordination Office
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The Guided Trade Initiative (GTI) just got BIGGER with the announcement of 30+ countries joining the movement at #BiasharaAfrika2024 last week – meaning more opportunities for African businesses to connect and thrive! The launch of the second phase of the GTI marks another milestone for the African Continental Free Trade Area (AfCFTA) Secretariat. 🇳🇬 #Nigeria's recent entry into the GTI is particularly noteworthy. In July, the country began trading under the #GTI, marking a pivotal step towards regional trade and economic integration. To coincide with this milestone, we published a report examining the economic implications of the nation's participation. Authored by Yohannes Ayele, Maximiliano Mendez Parra and Teniola T. Tayo, the report highlights: 🔹 Eliminating tariffs under AfCFTA could boost Nigeria's exports and imports, leading to a net positive economic effect 🔹 Sectors like cashews, ginger, and manufactured goods have significant growth potential 🔹 Targeted policies can help address challenges like reduced tariff revenue and increased competition for domestic industries 📑 Read the full report to learn more about how Nigeria can maximise the benefits of the GTI and drive economic growth ➡ https://lnkd.in/e7uZbWkk #Nigeria #AfCFTA #OneAfricanMarket #GuidedTradeInitiative #BiasharaAfrika #BA2024 #IntraAfricanTrade #EconomicGrowth African Continental Free Trade Area (AfCFTA) Secretariat
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🆕 𝐉𝐔𝐒𝐓 𝐏𝐔𝐁𝐋𝐈𝐒𝐇𝐄𝐃: New research from Dirk Willem te Velde highlights practical, low-cost interventions that external donors can implement to drive economic growth and job creation in developing nations. Moving beyond traditional approaches, the research emphasises the importance of targeted interventions that enable markets to function effectively and support industrialisation. Key highlights: ▪️ Strategic aid for trade initiatives, such as one-stop border posts, can facilitate trade and boost economic activity. ▪️ Development finance institutions (DFIs) can play a crucial role through targeted loans, grants, and policy advice. ▪️ Policy analysis for growth and economic transformation can change narratives and help developing countries formulate growth and economic transformation policies. These proven approaches empower low- and middle-income countries to achieve development goals and improve living standards. ➡️ Download the report here: https://lnkd.in/eJJgxRcw #EconomicGrowth #EconomicTransformation #SustainableDevelopment #DevelopmentFinance
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It's the final day of #BiasharaAfrika in Kigali. As the second edition of the #AfCFTA Business Forum wraps up, we're thrilled to launch a new policy brief developed in partnership with the African Continental Free Trade Area (AfCFTA) Secretariat. This report delves into the transformative potential of the AfCFTA Protocol on Investment, set to revolutionise the investment landscape across the continent. Authored by Makane MBENGUE, Roslyn Ng'eno, Patience Okala and Dirk Willem te Velde, the report explores how the AfCFTA Investment Protocol aims to: 🔹 Streamline investment processes, making it easier for businesses to engage in Africa 🔹Enhance transparency and provide clarity for investors 🔹Promote sustainable growth by encouraging investments that benefit economies and communities 🔹Foster a Pan-African investment framework, facilitating collaboration among African nations 📥 Download the full report here: https://lnkd.in/eWifWvmN ℹ️ 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘰𝘧 𝘧𝘰𝘶𝘳 𝘈𝘧𝘊𝘍𝘛𝘈-𝘖𝘋𝘐 𝘣𝘳𝘪𝘦𝘧𝘪𝘯𝘨𝘴 𝘰𝘯 𝘵𝘩𝘦 𝘧𝘰𝘶𝘳 𝘮𝘢𝘪𝘯 𝘱𝘪𝘭𝘭𝘢𝘳𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘈𝘧𝘊𝘍𝘛𝘈 𝘗𝘳𝘰𝘵𝘰𝘤𝘰𝘭 𝘰𝘯 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵: 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘍𝘢𝘤𝘪𝘭𝘪𝘵𝘢𝘵𝘪𝘰𝘯, 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘗𝘳𝘰𝘮𝘰𝘵𝘪𝘰𝘯, 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘗𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘚𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵. 𝘔𝘰𝘳𝘦 𝘣𝘳𝘪𝘦𝘧𝘪𝘯𝘨𝘴 𝘵𝘰 𝘧𝘰𝘭𝘭𝘰𝘸. #BiasharaAfrika2024 #BA2024 #TradeAndInvestment #InvestInAfrica #OneAfricanMarket #IntraAfricanTrade
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DAY 2 of #BiasharaAfrika – the second edition of the AfCFTA Business Forum – is already underway in Kigali, #Rwanda, as leaders from across Africa's public and private sectors convene to discuss the challenges and opportunities of the African Continental Free Trade Area (#AfCFTA). Amid these discussions, we're excited to share a recent report by the African Continental Free Trade Area (AfCFTA) Secretariat, ODI and SOAS University of London exploring data on foreign direct investment (FDI) to support the implementation of the AfCFTA Protocol on Investment. Put together by Prachi Agarwal, Yohannes Ayele, Rosemarie McGarrell, Victor Murinde, Roslyn Ng'eno and Dirk Willem te Velde, the report provides a comprehensive analysis of FDI trends, sources, destinations and sectoral composition in Africa. Key findings: 📈 Africa's FDI has grown significantly since 1990, with inflows reaching $79.6 billion in 2021 and stock surpassing $1 trillion by 2022. 🤝 Intra-African investment is on the rise, now comprising 5-17% of total FDI. This presents a huge opportunity for regional integration and economic diversification. 🌟 Top FDI recipients include South Africa, Egypt, Nigeria, Morocco and Mozambique. 🏢 Sectoral trends show a shift towards services attracting more intra-African FDI. 💰 Major investors include the UK, US, China, EU, Singapore and India. The insights from this report are crucial for policymakers and investors aiming to leverage the AfCFTA Protocol on Investment. By understanding the nuances of FDI flows and sectoral preferences, stakeholders can make informed decisions to attract and channel investments that align with Africa's sustainable development goals. ➡️ 📑 Read the full report: https://lnkd.in/eek2sawK #BiasharaAfrika2024 #BA2024 #InvestInAfrica #IntraAfricanTrade #TradeAndInvestment #InvestAfrica
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🆕 🇬🇭 𝐍𝐄𝐖 𝐑𝐄𝐏𝐎𝐑𝐓: Unlocking Ghana's digital trade potential under the AfCFTA. Our new report explores how #Ghana can leverage the African Continental Free Trade Area (#AfCFTA) Digital Trade Protocol to expand its thriving digital economy, increase exports and create new jobs. Key findings: ➖ Implementing the protocol could boost Ghana's GDP to $71.74 billion! ➖ Exports could surge to $25.83 billion. ➖ The report outlines key recommendations for harnessing the power of digital trade including: developing a comprehensive e-commerce act, strengthening data protection and supporting MSMEs. 🔗 Read the full report here: https://lnkd.in/e87tXwTa #DigitalTrade #IntraAfricanTrade #EconomicGrowth #DigitalEconomy #ECommerce #TradeandInvestment #BiasharaAfrika2024
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This week, leaders from across Africa's public and private sectors will meet in Kigali, #Rwanda for Biashara Afrika – the second edition of the #AfCFTA Business Forum – to discuss the challenges and opportunities of the African Continental Free Trade Area (AfCFTA). ODI Trade and Economic Development Director, Dirk Willem te Velde, will be on the ground contributing to critical discussions on the future of trade in Africa and engaging with key stakeholders on how to unlock the full potential of intra-Africa trade. 𝐇𝐨𝐰 𝐢𝐬 𝐎𝐃𝐈 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐀𝐟𝐂𝐅𝐓𝐀? Through our Supporting Investment and Trade in Africa (SITA) programme, we're helping to shape the future of trade in #Africa. 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐒𝐈𝐓𝐀? SITA supports African economies in navigating the complexities of the AfCFTA. We provide research, analysis and capacity building to help governments and businesses maximise the benefits of this landmark agreement. In partnership with the African Continental Free Trade Area (AfCFTA) Secretariat and Foreign, Commonwealth and Development Office, SITA aims to: 🤝Support continent-wide AfCFTA negotiations 🛠️Support country-level implementation of the AfCFTA 💼 Undertake impactful policy analysis and targeted policy engagement 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐒𝐈𝐓𝐀? 🔗 Visit our website to explore our latest reports on the AfCFTA: https://lnkd.in/eH5TjNkf #BiasharaAfrika2024 #AfCFTABA2024 #IntraAfricanTrade #InvestInAfrica #OneAfricanMarket
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Are new green trade measures creating a "green squeeze" on smaller producers in developing countries? A new T20 Brasil policy brief co-authored by Jodie Keane, Maximiliano Mendez Parra and Matthew Stern, examines the rise of green trade measures and the resulting "green squeeze" on developing nations. They urge the #G20 to take proactive steps to address challenges, including: ▪️ Fostering structured dialogue ▪️ Supporting resilient value chains ▪️ Fulfilling commitments on climate finance and aid for trade Read more: https://lnkd.in/eYHAGYxV #ClimateAndTrade #TradeAndClimate #TradeAndEnvironment #GreenSqueeze #Aid4Trade #ClimateAction #Sustainability #G20Brasil #T20Brasil
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Last week, the European Commission announced a 12-month delay in the implementation of the EU Deforestation Regulation (EUDR). This decision is a welcome reprieve, but it is not a complete solution. The #EUDR, while vital for combating #deforestation, could inadvertently create a 'green squeeze' on LDCs, who often lack the resources and infrastructure to comply with the regulation's complex requirements. A recent ODI report highlighted the potential risks for #Ethiopia's coffee sector, showing how even small increases in compliance costs could significantly impact the country's GDP and export revenue. We need to use this extra time wisely to ramp up support for Least Developed Countries (LDCs) and ensure they are not left behind in the transition to sustainable supply chains. In this blog, Jodie Keane and Angela Kolongo explore the key challenges LDCs face and the steps the EU must take to address them. Read more: https://lnkd.in/dEf72YZG #GreenSqueeze #Sustainability #SustainableDevelopment #GreenTrade #TradePolicy