1. African Economic Outlook
2003/2004

2. Outline Background information Macroeconomic projections
Poverty outlook
Energy focus

3. Background Information
A joint project by ADB
& OECD Development Centre
Structure
Overview
Country Notes
Statistical Annex
Country coverage

4. Country coverage, 2003/04

5. A modest recovery, due to both internal and external factors
The 2003/2004 outlook
A modest recovery, due to both internal and external factors

6. Growth rates in OECD area

7. ODA to Africa

8. On the negative side: US dollar depreciation

9. Average growth rates of African countries

10. Best and worst performers

11. Inflation is under control (with a few exceptions) Agregate CPI inflation (%) excluding hyper-inflation countries

12. Fiscal situation of many countries is still weak Fiscal balance as % of GDP, 2003 estimate

13. sub-Saharan Africa will miss the 2015 MDGs target by a large extent
Poverty
sub-Saharan Africa will miss the 2015 MDGs target by a large extent

14. The income poverty target

15. Progress toward achieving MDGs

16. Energy focus
The energy sectors may play significant role in poverty alleviation and development:
Energy contributes to improving people’s lives
Energy contributes to the development of economic activities
Energy contributes to the efficiency of economic management

17. Energy focus
However, the African energy sectors hardly play such a role; they are characterized by:
too heavy reliance on traditional energy sources (biomass), related to inadequate supply of modern energy
underutilization of potential sources of energy
mismanagement of resources that are utilized

18. Structure of energy consumption in Africa (2001)
World structure:
Biomass 14%
Electricity 16%
Petroleum 44 %
Coal 7 %
Gas 16%

19. Oil and NGLs

20. Gas

21. Hydroelectric power

22. Supply of motor gasoline in Nigeria (2001)

23. Observed taxation on oil export

24. Electricity losses in 2001

25. Thank you