Unlock Africa’s public finance potential

In spite of Africa being the poorest continent, the report argues, it is making progress in key areas that would boost economic growth.

The study highlights some of the reforms that have a significant impact. These include: Doubling spending on infrastructure to about $80 billion every year; improved ease of doing business, investments in health systems have led to significant gains including a 50 percent reduction in infant mortality rates since 1990; and an increase in the time African children spend in school, which has nearly doubled since 1990, contributing to raising the continent’s youth literacy rate to 70 percent.