Thursday, February 2, 2023

Results of Treasury Secretary Yellen's Trip to Africa

 The US Institute of Peace published on 1 February 2023 a commentary titled "Four Takeaways from Treasury Secretary Yellen's Trip to Africa" by Edward A. Burrier.

Treasury Secretary Janet Yellen's 10-day trip to Senegal, Zambia, and South Africa resulted in the following 4 takeaways:

--Because of its young population, the United States recognizes that "Africa will shape the trajectory of the world economy over the next century."

--Zambia's debt crisis has far-reaching implications and China is a "barrier" to resolving it.

--Energy transitions in countries like South Africa, which use considerable coal, will be challenged by vested political interests.

--Ending Russia's war on Ukraine is the single best way to help Africa's economies.