The creation of the African Continental Free Trade Area (AfCFTA) provides a unique opportunity to boost growth, cut poverty, and reduce Africa’s dependence on the boom and-bust commodity cycle. A World Bank (2020) report estimates that the AfCFTA has the potential to raise income in the continent by 7 percent by 2035 and lift 40 million people out of extreme poverty, mainly by spurring intraregional trade (termed the “AfCFTA trade scenario” for purposes...
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2022/06/30
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172891
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1
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2022/06/30
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Disclosed
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2022/06/22
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Making the Most of the African Continental Free Trade Area : Leveraging Trade and Foreign Direct Investment to Boost Growth and Reduce Poverty
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regional and global value chains
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