Among other achievements, the UAB has emerged as a key international and regional participant in developing policies that promote financial stability, economic integration, and sustainable development and prosperity. The UAB has also been a champion of sharing best practices and training among regulators and bankers. The partnership that has developed between the Federal Reserve and the UAB may be counted among these successes.
Between 2009 and 2014, the average growth rate was about 4 %. Since then, low commodity prices have slowed the pace of growth somewhat. But medium-term growth prospects remain solid. That’s true, at least, when looking at total growth rates. But what really matters when seeking to improve welfare is per capita growth. Here the picture is less benign. Africa’s population is growing fast.