The New York Times recently reported on the political crisis in Niger, where the President’s dismissal of the Constitutional Court (which had ruled against his proposal to abolish term limits) is being con
At a recent conference that brought together African Finance and Education ministers, the keynote speaker, Tharman Shanmugaratnam, finance minister (and former education minister) of Singapore gave a beautiful speech about Singapore's experience that contained some potentially difficult and controversial messages for Africa.
Sub-Saharan Africa now has the highest incidence of extreme poverty, such as judged by the World Bank’s $1.25 a day poverty line. Granted, Africa has shown encouraging signs since the mid 1990s of reversing its past record of relatively poor performance against poverty.
In recent months, the external sector in South Africa has strengthened in ways that are somewhat perplexing. The strengthening has partly to do with weak import demand due to the economic slowdown. But the surprising aspect has been sustained inflows of foreign portfolio investment in South African domestic securities. Just as the news on the real sector and fiscal balances has gotten worse, somewhat paradoxically foreign investors’ appetite for South African securities has grown.