CEoG 2024 Forum on job creation in Africa

The Chief Economist Forum 2024 recently held a high-level discussion on job creation in Africa, focusing on constraints and policy options. The forum brought together economic experts from across the continent to brainstorm solutions and promote collaboration in addressing the pressing issue of unemployment in Africa. Among the esteemed guests were Andrew Dabalen, Chief Economist for the Africa Region at the World Bank, and Pamela Nakamba, Economic Advisor to the Zambian President. The forum aimed to create a platform for Chief Economists of Governments to come together, exchange ideas, and work towards finding innovative approaches to promote economic growth and job creation in Africa. The annual event has become a vital forum for economic collaboration and knowledge sharing among key decision-makers in the region. During the discussion, Andrew Dabalen highlighted the importance of forming a network of Chief Economists to tackle complex economic challenges collectively. The network provides a platform for experts to share best practices, exchange ideas, and support each other in addressing the continent's economic issues. By leveraging the collective expertise of Chief Economists, African countries can develop more effective economic policies and strategies to drive sustainable growth and create quality jobs. The forum's agenda focused on key themes such as industrial policy, access to finance, financial sector development, and infrastructure. Pamela Nakamba emphasized the need for African countries to adopt a strategic approach to industrialization, tailored to address specific challenges and unlock economic potential. She highlighted the importance of investment in infrastructure, particularly in energy and transportation, to facilitate business growth and job creation. Access to finance was identified as a traditional constraint to economic development, highlighting the need for collaborative efforts among African countries to mobilize resources effectively. One of the key takeaways from the forum was the importance of collaboration and coordination among African nations in promoting economic growth. While the World Bank serves as a convening platform for economic discussions, participants emphasized the need for additional platforms for policymakers and experts to meet and coordinate policies independently. The forum encouraged Chief Economists to engage in bilateral discussions and work together to align their countries' positions on international platforms, ensuring a unified voice in shaping economic policies. The outcomes of the forum discussions are expected to inform policy recommendations and interventions aimed at promoting job creation and economic growth in Africa. Chief Economists play a crucial role in influencing decision-making at the highest levels of government, advocating for policies that prioritize investment in key sectors and infrastructure development. The forum serves as a catalyst for action, inspiring participants to implement innovative strategies and drive collaboration across borders to address the continent's pressing economic challenges. In conclusion, the CEoG 2024 Forum on Job Creation in Africa has emerged as a beacon of economic collaboration and growth, bringing together leading experts to address the critical issue of unemployment on the continent. By fostering dialogue, sharing knowledge, and promoting coordinated efforts, the forum aims to pave the way for a more prosperous and sustainable future for Africa's economies. The insights and recommendations generated from the forum are poised to shape policy decisions and drive positive change in the region's economic landscape.