African Growth Pt. II: The View of the World Bank and the Brookings Institution

Africa in DC

While the South Africa Minister of Finance was the primary speaker at the Brookings Institution’s April 17 event on “Inequality and Inclusive Growth in Africa”, Shanta Devarajan, the Chief Economist for Africa at the World Bank and Homi Kharas, the Deputy Director of the Global Economy and Development program at the Brookings Institution were also present.  While Mr. Kharas made some very insightful comments I was thoroughly displeased my Mr. Devarajan’s approach (although to be fair, the Finance Minister took up the vast majority of the time so I do not have to much material to evaluate the others).

Following Minister Gordhan’s remarks, Homi Kharas posed some very concerning questions about Africa’s growth.  While the statistics point to

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