The impacts of the Middle East conflict on Africa
Twenty-nine currencies in Africa have weakened, raising the cost of servicing external debt and importing food, fuel, and fertilizer
The global economic environment has become increasingly volatile with rising frequency of major shocks worldwide.
Amid spikes in energy, food and fertilizer prices caused by the ongoing conflict in the Middle East, the African Development Bank (AfDB) (www.AfDB.org), the African Union Commission (AUC) the United Nations Development Programme (UNDP), and the UN Economic Commission for Africa (UNECA) outline practical recommendations for crisis responses and resilience building in African countries.
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