Home / 2007 Annual Meetings of African Development Bank Group / News Tools: Save | Print | E-mail | Most Read
AfDB Predicts 6% Jump in African Economic Growth
Adjust font size:

The African Development Bank (AfDB) has projected that the continent's economic growth rate will rise to 6 percent this year, the News Agency of Nigeria reported on Wednesday.

A statement released by the AfDB said its projection was based on strong demand for oil and other Africa n resources from fast- developing nations.

The statement based its projections on rising investment, good weather for agriculture and sound macroeconomic policies.

"Increased growth follows an expansion of 5.5 percent in the Africa n economy last year, up from an average of about 5 percent in the preceding years," it said.

But in spite of the overall expansion, the bank's Chief Economist Louis Kasekende said growth must accelerate to a steady 7 percent to 8 percent for Africa to reach its goal of halving the number of people living in extreme poverty by 2015.

(Xinhua News Agency May 17, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories
African Development Bank Opens Annual Meetings in Shanghai
Three Distinct Headings for Asia-Africa Trade Cooperation
China to Promote Financial Co-op between Asia and Africa
China Trade a Boost to Africa's Economy
Cooperation Brings Solutions
> Korean Nuclear Talks
> Middle East Peace Process
> Iran Nuclear Issue
> Reconstruction of Iraq
> 6th SCO Summit Meeting
- China Development Gateway
- Foreign Ministry
- Network of East Asian Think-Tanks
- China-EU Association
- China-Africa Business Council
- China Foreign Affairs University
- University of International Relations
- Institute of World Economics & Politics
- Institute of Russian, East European & Central Asian Studies
- Institute of West Asian & African Studies
- Institute of Latin American Studies
- Institute of Asia-Pacific Studies
- Institute of Japanese Studies
SiteMap | About Us | RSS | Newsletter | Feedback
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号