avatar
World Bank’s Africa Strategy Remains in Rutted Comfort Zone


 

A renewed wave of development babble began flowing soon after the February launch of the World Bank’s ten-year Strategy document, “Africa‘s Future and the World Bank‘s Support to It”. Within three months, a mini-tsunami of Afro-optimism swept in:  the International Monetary Fund’s Regional Economic Outlook for SubSaharan Africa, the Economic Commission on Africa’s upbeat study, the African World Economic Forum’s Competitiveness Report, and the African Development Bank’s discovery of a vast new “middle class” (creatively defined to include the 20% of Africans whose expenditures are $2-4/day).

Patrick Bond directs the University of KwaZulu-Natal’s Centre for Civil Society in Durban: http://ccs.ukzn.ac.za

Leave a comment