1、APRIL 2026Africa Economic Update Making Industrial Policy Work in AfricaPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedACKNOWLEDGMENTS The Africa Economic Update(formerly Africas Pulse)analyzes the near-term macroeconomic outlook,key d

2、evelopment challenges,and appropriate policy responses across the World Banks Sub-Saharan Africa administrative region.The biannual reports are produced by the Office of the Chief Economist of the Africa region.The team for the spring edition of the Africa Economic Update was led by Andrew L.Dabalen

3、 and Cesar Calderon.The core team included Megumi Kubota,Vijdan Korman,Sena Kimm Gnangnon,Simeon Koffi,Ayan Qu,Heidi Kaila,and Nicholas Woolley.Valuable contributions to the report were provided by Tsegaye Assayew,Tom Bundervoet,Daniel Valderrama Gonzalez,Elizabeth Mary Foster,Dawit Mekonnen,Moritz

4、Meyer,Ana Maria Oviedo,Edoardo Palombo,Nistha Sinha,and Haoyu Wu(section 1).The special focus section of this volume,“Making Industrial Policy Work in Africa,”was led by James Cust,Woubet Kassa,and Solomon Owusu,with guidance from regional directors Daniel Dulitzky,Michel Rogy,Anna Wellenstein,and M

5、arina Wes.The team is grateful to Indermit S.Gill,Chief Economist and Senior Vice President for Development Economics;Ndiame Diop,Vice President of the Eastern and Southern Africa region;Ousmane Diagana,Vice President of the Western and Central Africa region;Ethiopis Tafara,Regional Vice President o

6、f the Africa region,International Finance Corporation;and Junaid Kamal Ahmad,Vice President of Operations at the Multilateral Investment Guarantee Agency,for their strategic guidance.The report was peer reviewed byEdoardo Palombo(section 1)and Ana Fernandes,Arti Grover,and Tristan Reed(section 2).Co