PARIS - What is holding back investment in Africa? Foreign direct investment to the continent decreased from 12% of the world’s total in 2017 to less than 6% in 2021. Yet, Africa boasts a huge diversity of assets, not least in its young and vibrant human capital, and vast renewable energy resources. These should attract a much larger share of the world’s soaring investment in transformative and sustainable activities.
The forum will explore the continent’s untapped opportunities, review policy options to boost sustainable investment, and discuss reforms in the global financial architecture that can enhance its access to affordable finance.
It will also focus on investing in Africa for inclusive growth and sustainable development.
The Forum debates will build on the findings of the recently launched Africa’s Development Dynamics 2023, a report by the African Union Commission, produced in collaboration with the OECD Development Centre.
The Forum hosts Europe’s largest annual conversation on Africa’s ongoing, formidable transformation. It invites African and OECD policy makers, investors, academics, civil society and international organisations to share their views, and discuss how better policies can improve development outcomes for Africans and the world.
The event is held on the same day as the launch of the 2023 edition of Revenue Statistics in Africa. The report presents internationally comparable statistics on tax and non-tax revenues that help track progress on domestic resource mobilisation and inform tax policy analysis and reforms. The report is under embargo until Tuesday 31 October at 09H00 A.M Paris time. Requests for embargoed copied should be sent to Bochra.Kriout@oecd.org.
The 22nd International Economic Forum on Africa is organised by the OECD Development Centre and the African Union Commission.
