Economic Challenges in Sub-Saharan Africa

Sub-Saharan Africa is projected to grow slowly in 2021 and 2022, with vaccine access and policy constraints being major hurdles. Economic performance varies across the region, with oil exporters and diversified economies showing different growth rates. Vaccine distribution and international support are crucial for recovery. The region faces fiscal challenges, including development spending, public debt, and tax revenue mobilization. Despite these challenges, sub-Saharan Africa has vast potential, but must adopt greener growth models to address climate change and achieve long-term prosperity.

What are the two main reasons for the widening income gap in Sub-Saharan Africa?

• Political instability and corruption

• Inadequate access to vaccines and lack of policy space

• High inflation rates and unemployment

• Natural disasters and climate change

How much is the GDP growth expected for oil exporters in Sub-Saharan Africa in 2021?

• 3.7%

• 2.25%

• 4.1%

• 5%

Which factor is NOT mentioned as influencing economic performance differences in Sub-Saharan Africa?

• Policy support

• Tourism industry

• Vaccination rates

• Economic diversification

What is the most pressing economic policy priority for Sub-Saharan Africa?

• Improving education systems

• Ensuring timely vaccine access

• Reducing inflation

• Increasing foreign investments

What percentage of the world's population does the Fund aim to vaccinate by the end of 2021?

• 60%

• 40%

• 50%

• 30%

Which of the following is NOT a fiscal challenge mentioned for Sub-Saharan Africa?

• Mobilizing tax revenues

• Development spending needs

• Containing public debt

• Increasing military expenditure

What recent allocation has boosted the region's reserves?

• Special drawing rights

• Foreign direct investment

• International loans

• Export revenues

What is a key threat to Sub-Saharan Africa's potential according to the transcript?

• Political instability

• Climate change

• Lack of education

• Trade barriers

What type of growth model is suggested for Sub-Saharan Africa to adopt?

• Industrial

• Agricultural

• Greener and more innovative

• Service-oriented

What is necessary to achieve the 'long promised African century'?

• Increased military spending

• Transformative reforms and external funding

• More urbanization

• Higher birth rates