A new report from Bridgewater Associates, Global Citizen, and Harith General Partners reveals that Sub-Saharan Africa will contribute about 25% of the world’s working-age population in the coming decades.
This demographic shift will significantly impact global economies and geopolitics.
The region is expected to become a major driver of economic growth, but it faces risks of stagnation if current challenges are not addressed.
The report emphasizes the need for customized investments and policies to address the region’s unique needs, including infrastructure and human capital gaps.
It suggests that both multilateral development banks and private investors must play crucial roles in closing these gaps. Without adequate support, the region may struggle to realize its potential.
An Economic Development Assembly will be held in Abidjan, Côte d’Ivoire, next month to call for increased global contributions to development efforts.
The assembly aims to bring together policymakers, investors, and development banks to ensure Sub-Saharan Africa can fully benefit from its growing workforce and contribute to reducing extreme poverty.