## infographic

## Source details

**Canonical URL:** [infographic](https://www.imf.org/-/media/files/publications/reo/afr/2021/october/english/infographic.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/reo/afr/2021/october/english/infographic.pdf.md)
- [Structured JSON version](/-/media/files/publications/reo/afr/2021/october/english/infographic.pdf.json)

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### Two Worlds
- Advanced economies back to precrisis per capita GDP path by 2023, SSA per capita GDP 5.6% lower
- Selected Economies: Fully Vaccinated Persons, 2021 (Percent of population)
- The region’s rebound is most welcome but remains modest by global standards.
- Sources: Our World in Data, and IMF staff calculations.
- 1/ Excludes China.
- Source: IMF, World Economic Outlook.

### Regional Growth and Recovery
- The region is set to grow by 3.7percent in 2021, which is lower than the rest of the world.
- The region's slow recovery reflects differences in policy spaceand slower vaccine rollout.

### One Planet — Global Challenges
- Global challenges need global solutions.
- Ongoing Pandemic: The path to a COVID-19 free world lies through Africa.
- Emerging Climate Crisis: Global efforts to reduce emissions cannot succeed without Africa, home to the world’s second largest forest and with unmatched renewable energy potential.

### Three Stories — Anatomy of the Crisis
- Widening divergence across the region
- Policymakers are constrained by:
  - Difficulty raising taxes
  - Contain public debt
  - Higher spending requirement
- Inequality worsened in 39out of 45 countries.
- Women, young people, and the poor have been disproportionately affected by the crisis.

### Policy Priorities and Financing Needs
- This points to the urgent need for spending prioritization, revenue mobilization, enhanced credibility (governance and macro-frameworks), an improved business climate, and external financing.
- International support is critical
- Urgently needed vaccines
- $425 billion additional external funding to:
  - respond to COVID-19,
  - rebuild external buffers, and
  - accelerate convergence to advanced economies, including enhancing climate resilience and promoting digitalization.

*Source: infographic*

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_Source: https://www.imf.org/-/media/files/publications/reo/afr/2021/october/english/infographic.pdf_