African Economic Outlook 2004/2005

The fourth edition of the African Economic Outlook was launched in Abuja - Nigeria during the African Development Bank annual meetings on 17 May 2005.

African economies have just registered their highest overall growth in eight years - more than 5 per cent in 2004 - thanks to rising global commodity prices, the expansion of its oil production, propitious weather conditions, and steadily prudent economic policies.

How can Africa turn this performance into sustained strong development, reducing poverty and making progress on the MDGs?

In the short run, African economies are still highly vulnerable to regional conflicts, adverse weather conditions and volatile commodity prices.

What are some regional and national responses to these challenges? In particular, how can oil producers take advantage of oil-revenue windfalls? What are the policy challenges related to the removal of preferential trade agreements? What can trade partners and donors do to help African governments further these changes?

The 2004/2005 edition African Economic Outlook tackles those and other crucial challenges for African development, providing an in depth update on the economic and political situation in 29 African countries.

The report is jointly published by the African Development Bank and the

The full edition of the African Economic Outlook is available from:
- SourceOECD for subscribing institutions and many libraries
- OECD Online Bookshop for non subscribers
- Olisnet for subscribed Government Officials

- Journalists are invited to contact to: colm.foy@oecd.org or myriam.andrieux@oecd.org, tel: +33.1.45.24.84.80/81

African Economic Outlook 2004/2005

Available in print (paperback) and electronic format (pdf)
540 pages, OECD, Paris 2005
OECD Code 41 2005 01 1 P1
ISBN 92-64-01000-9
www.oecd.org/bookshop
sales@oecd.org

For further information, please contact: DEV.Africa@oecd.org .