Mobilizing domestic resources for sustainable development in Africa post COVID-19

Abstract

Africa has been relying for decades on external aid to finance its development, yet it is still facing human development challenges. The encouraging results from these recent years in terms of economic growth contrast with rising of inequalities and difficult living conditions. This situation arouses the need to think to innovant means of mobilizing resources within Africa and fully harness its potential. In the wake of the COVID-19 crisis which further exposed fragile economies, raising funds are critical to first respond to the socio-economic impact of the crisis, but also to sustain financing development after the recovery. This policy brief highlights key policy recommendations emerging from the webinar held on 12 May 2020, which addressed the topic of “Mobilizing Domestic Resources for Sustainable Development in Africa, post-COVID-19”.