#AfDBAM2020: AfDB’s Kevin Urama on how Africa can emerge stronger from the COVID-19 crisis

The African Development Bank (AfDB) is emphasizing the need for African countries to address structural bottlenecks in order to enhance resilience and prepare for a post-COVID-19 world. In a recent interview with CNBC Africa, Kevin Urama, the AfDB's Senior Director for African Development Institute, discussed how African economies can emerge stronger from the current crisis. Urama highlighted the importance of building back better by focusing on sustainable development, social equity, and inclusive growth. The interview also touched on policy options for African economies, particularly in key sectors such as health, as countries navigate the reopening of their economies post-lockdown. Urama began by acknowledging the re-election of AfDB President, Akinwumi Adesina, for a second term. He commended Adesina for his transformative agenda and vision to drive Africa's economic growth through the 'High Fives': lighting up Africa, feeding Africa, industrializing Africa, integrating Africa, and improving the quality of life for Africans. These priorities, set by Adesina, aim to address critical development challenges on the continent and lay the foundation for a resilient and sustainable future. Urama emphasized the need for African economies to focus on building a sustainable, efficient, and inclusive economy post-COVID-19. He highlighted the importance of balancing social equity, economic development, and environmental sustainability. By aligning policies with the Sustainable Development Goals (SDGs), Urama stressed the significance of ensuring that no one is left behind in the recovery process. Addressing policy options for African countries, Urama underscored the importance of understanding the transmission channels of COVID-19 and implementing appropriate measures to reopen economies safely. He emphasized the need for data-driven decisions, testing strategies, and community engagement to contain the spread of the virus. Personal hygiene practices, such as frequent handwashing, wearing masks, and maintaining social distance, were also highlighted as critical preventive measures. As African countries gradually reopen their economies, Urama emphasized the need for policies that balance economic revival with public health considerations. He emphasized the significance of a coordinated approach that takes into account the unique challenges faced by each country. By prioritizing health sector investments, testing capacity, and community engagement, African nations can navigate the complexities of reopening while safeguarding public health. In conclusion, Urama reiterated the importance of building back better through inclusive growth, sustainable development, and resilience. By adopting a holistic approach that encompasses social, economic, and environmental considerations, African economies can emerge stronger from the COVID-19 crisis and pave the way for a more resilient and equitable future.