Africa: UNECA advocates industrial policy, holistic tracking of corruption for growth

Author(s): Femi Adekoya | Date: November 30, 2016 | Language: English
Source: http://guardian.ng/ | URL: https://goo.gl/qbzKjj | Type: Text

Building on the main premise of the Transformative Industrial Policy for Africa report – which calls for smart and dynamic industrial policy directions for sustained and inclusive economic growth, the United Nations Economic Commission for Africa (UNECA) has said African countries must insist on three things— building strong human capital, creating and improving strong development-prone institutions and mapping policy coherence.
According to UNECA, transformative industrial policy remains crucial for the continent which also needs a more holistic approach to appraising and tackling corruption – especially being mindful of the international dimension of the problem – within the context of governance.
In spite of divergent currents underpinning development policy advocacy for African countries, Director of the Sub-regional Office for Central Africa of UNECA, Antonio Pedro said: “It becomes an issue of urgent public policy for our member States to find the necessary set of policy instruments and interventions to enable our countries to sustain high rates of growth, generate reliable sources of revenue, optimise evolving demographics and the ‘youth bulge’ in order to attain greater macro-economic stability and, ultimately, achieve sustainable and resilient growth towards the upper-middle or advanced income status”.

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