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Next Generation Africa: Economic Impact and Mutual Benefits from a Strategic EU-Africa Partnership

Author

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  • Olimpia Fontana

    (Mario Albertini Fellow at Centro Studi sul Federalismo, Torino, Italy)

Abstract

This paper contributes from an economic point of view to the idea of a Next Generation Africa financed by the EU’s allocation of SDRs. The first part considers the macroeconomic framework for African countries at an aggregate level, especially after the outbreak of the pandemic. The second part provides an approximate estimate of the impact of Next Generation Africa on aggregate economic growth and on the financing needs of the African continent’s basic infrastructure. Other long-term dimensions of a strategic partnership with Africa are also discussed. The paper strongly confirms the need and opportunity, on both sides of the partnership, for Next Generation Africa.

Suggested Citation

  • Olimpia Fontana, 2022. "Next Generation Africa: Economic Impact and Mutual Benefits from a Strategic EU-Africa Partnership," Research Papers 600, Fondazione Centro Studi sul Federalismo.
    • Handle: RePEc:azz:rpaper:600
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    More about this item

    Keywords

    Africa; Europe; Special Drawing Rights; Development; Fiscal Multiplier;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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