Each year the African Development Bank publishes the Annual Development Effectiveness Review (ADER) to provide an overview of how it contributes to Africa’s development. The ADER 2014 is the fourth in the series, and explores the theme of Africa’s transformation into more fast-growing and increasingly complex economies and societies. The ADER argues there is every prospect that Africa’s strong economic growth of the past 10 years will continue in the coming years.
The ADER addresses three broad questions: What development progress is Africa making? How well is AfDB contributing to Africa’s development? And how well is AfDB managing itself to better support Africa’s development?
With nine of the world’s 15 fastest growing economies in Africa, this continent is becoming a pole of global growth. By 2025, most African countries will have middle-class majorities – people who are in a better position to demand services and good stewardship of public resources. This shift, together with diversifying economies and improving governance, heralds a move towards self-sustaining patterns of development for Africa.
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