Export expansion and diversification are crucial for the growth of African economies. Yet, over the past three decades Africa has become ever more marginalized from trade at the global level. Africa’s share of world exports has dropped by nearly 60 percent, a staggering loss of $70 billion annually, equivalent to 21 percent of the region’s GDP and more than five times the $13 billion in annual aid flows to Africa.
The World Bank’s Africa Region is using a range of instruments—analytical, advisory, and operational—to improve trade performance in Africa and thereby integrate African countries into regional and world economies. More ...
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