Governments will have to raise far more revenue and staunch capital flight if they are to boost growth and investment this year
Africa will be thrown back on its own resources and internal revenue-raising capacity, at least for the short term, as the economies of major trading partners in Asia and Europe slow down. The terms of commercial finance in Africa could be more onerous for many countries in 2020, and the pool of concessional finance for the continent has remained almost unchanged for two decades, despite a quadrupling of Africa's gross domestic product to US$2.1 trillion in that period.
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