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Zainab Usman Profile picture
Zainab Usman
@MssZeeUsman
Director, @AfricaCarnegie • Ex-@WorldBank • Author, "Economic Diversification in Nigeria": https://t.co/HvyDkChZUd • Doing, Thinking & Writing Economic Policy 🌍
Jan 2 • 6 tweets • 4 min read
In the new year, we should leave old baggage behind.

But the specious argument in this article with its offensive title, “The world economy’s biggest problem is Africa” reminiscent of The Economist’s “the Hopeless Continent”, needs to be tackled 🧵 1/
ft.com/content/178bdc…
Image “The biggest problem for global growth is Africa”.

According to the IMF, "Sub-Saharan" Africa grew by 3.3% in 2023 (higher than the global avg of 3%, as the world’s 2nd fastest growing region) and is projected to grow at 4% in 2024 (higher than the global avg of 2.9%). 2/ Image
May 6, 2023 • 9 tweets • 2 min read
The U.S. just gave the death blow to 30+ years of Washington Consensus of free markets & small govt

A new American Industrial strategy unveiled by NSA Jake Sullivan will profoundly shape the global economy and prevailing theories of int’l development🧵1/ brookings.edu/events/the-bid… In laying the old Washington Consensus to rest, NSA Jake Sullivan identified 4 challenges associated with the previous approach:
1- hollowed out US industrial base
2- geopolitical risks from competitors
3- the climate challenge
4-Rising inequalities within & btw countries. 2/
Apr 29, 2023 • 9 tweets • 4 min read
The fireside chat between Mo Ibrahim & Pres. Ruto is the most riveting session of #IGW.

The candid convo was wide-ranging: global financial architecture, climate justice, African Union reforms, Africa’s external relations, etc. Some highlights 🧵1/ youtube.com/live/ny2jgGMMt… “The current international financial architecture is, to put it bluntly, rigged against those of us in the global south because we cannot meaningfully address our development needs with the financial resources from this architecture” - @WilliamsRuto 5.50min 2/
Apr 12, 2020 • 28 tweets • 16 min read
The global discussion around debt relief for low-income and fragile countries during #COVID19 is gathering momentum. There are various dimensions to the current debt situation, especially for #Africa. Here’s a short thread for those interested to follow the discussions 1/n The World Bank and IMF recently issued a joint call to the G20 for temporary suspension of debt service payments by IDA countries (low-income and fragile countries) to help provide liquidity in these countries to tackle #COVID19 2/n imf.org/en/News/Articl…