Wednesday, November 16th, 2022

10:00 a.m. – 12:00 p.m.

via Zoom and In-Person

We are pleased to invite you to an event titled “Living on the Edge: A Discussion of the IMF’s Africa Regional Economic Outlook” on Wednesday, November 16th, 2022 from 10:00 am – 12:00 pm EST. This event will feature two panels. The first panel, “Building a More Food-Secure Sub-Saharan Africa” will feature IMF presenters Ivanova Reyes (IMF) and Qianqian Zhang (IMF) alongside discussant Moses Kansanga (GW). The second panel, “Managing Oil Price Uncertainty and the Energy Transition,” will feature IMF presenter Hany Abdel-Latif (IMF) alongside discussant Robert J. Weiner (GW). Catherine Pattillo, a Deputy Director in the IMF’s African Department, will provide welcome remarks alongside IIEP Director Steve Suranovic. This event is co-sponsored by the Institute for African Studies.

Sub-Saharan Africa’s (SSA) recovery has been abruptly interrupted. Last year, activity finally bounced back, lifting GDP growth in 2021 to 4.7 percent. But growth in 2022 is expected to slow sharply by more than 1 percentage point to 3.6 percent, as a worldwide slowdown, tighter global financial conditions, and a dramatic pickup in global inflation spill into a region already wearied by an ongoing series of shocks. Rising food and energy prices are impacting the region’s most vulnerable, and public debt and inflation are at levels not seen in decades. Against this backdrop, and with limited options, many countries find themselves pushed closer to the edge. The near-term outlook is extremely uncertain as the region’s prospects are tied to developments in the global economy and with a number of countries facing difficult sociopolitical and security situations at home. Within this challenging environment, policymakers must confront immediate socioeconomic crises as they arise, while also endeavoring to reduce vulnerabilities to future shocks, building resilience. Ultimately, however, the region’s safety and prosperity will require high-quality growth and the implementation of policies that will set the stage for a sustainable recovery, helping countries move away from the edge.

Agenda

10:00-10:10 – Welcome and conjuncture chapter – IIEP Director Steve Suranovic and IMF Africa Deputy Director Catherine Pattillo

10:10-10:55 – Panel 1 – Building a More Food-Secure Sub-Saharan Africa
Ivanova Reyes Peguero and Qianqian Zhang – IMF Presenters
Moses Kansanga, GW Discussant
Moderator and Audience Q&A

10:55-11:10 – Coffee Break

11:10-11:55 – Panel 2 – Managing Oil Price Uncertainty and the Energy Transition
Hany Abdel-Latif – IMF Presenter
Robert Weiner, GW Discussant
Moderator and Audience Q&A

11:55-12:00 – Wrap-up

Welcoming Remarks:

Catherina Pattillo is a Deputy Director in the IMF’s African Department where she oversees work on several countries, as well as on climate change, capacity development, gender and research. Since joining the Fund from a position at Oxford University, she has worked in the Fiscal Affairs Department where she was chief of the division responsible for the IMF’s Fiscal Monitor, the Research Department, and on countries in Africa and the Caribbean, and the Strategy, Policy and Review Department where she worked on low-income country issues, and emerging issues such as gender, inequality, and climate change. She has published in these areas, as well as on Sustainable Development Goals, firm dynamics in sub-Saharan Africa, growth, investment, debt, monetary and exchange rate policies, aid, and currency crises. She received her Ph.D in Economics from Yale University.

Steve Suranovic is the Director at the Institute for International Economic Policy and an Associate Professor of Economics and International Affairs at the George Washington University.  He is the current Director of the GW Global Bachelor’s program (Shanghai), and a former Director of the Elliot School’s Masters in International Economic Policy.  He teaches courses in international economics and microeconomics principles.  His research includes theoretical analysis of the role of ethics in economics, international trade policy, behavioral models of addiction, energy policy, and climate change policy.  (RePEc, Google Scholar, Research Gate, SSRN)

Professor Suranovic received his B.S. in mathematics from the University of Illinois at Urbana/Champaign and his M.S. and Ph.D. in economics from Cornell University. He has published in numerous academic journals, including the Journal of International Economics, the Canadian Journal of Economics, World Economy, and the Journal of Health Economics. His book titled, “A Moderate Compromise: Policy Choice in an Era of Globalization,” published by Palgrave-Macmillan, offers a critique of current methods of policy evaluation and choice and suggests a simple, principled, and moderate alternative.  He also has several textbooks about International Economics published by Flat World Knowledge. Professor Suranovic maintains two educational websites. The International Economics Study Center features a free online international economics textbook, and a complete Survey of International Economics course that includes a textbook, PPT presentations, video lectures, and problem sets.  The Ethical Economics Study Center features a collection of primers highlighting the role of ethical behavior in fostering good (or efficient) economic outcomes.  It also features case studies, including selected movie reviews, demonstrating how unethical behavior is often responsible for the negative outcomes attributed to free markets.

Panelists:

Ivanova Reyes is an economist working in the Regional Studies Division of the International Monetary Fund’s African Department.  Prior to joining the IMF, she worked at Gettysburg College, the World Bank, Inter-American Development Bank, Ministry of Economy of the Dominican Republic (DR), Superintendency of Pensions of the DR and Pontificia Universidad Catolica (PUCMM) of DR.  She holds a PhD in Economics from American University, a masters in economics from Georgetown University and a masters in applied macroeconomics from the Pontificia Universidad Catolica (PUC) of Chile.  Her research is focused on analyzing the impact of China’s economy on Latin America and the Caribbean.

Hany Abdel-Latif is an Economist in the Regional Studies Division in the IMF’s African Department. Previously, he worked as a lecturer (assistant professor) at Swansea University UK, where he taught econometrics, macroeconomics, and economic policy. His research covers commodity, financial liquidity, and geopolitical risk shocks, among other macro-financial issues. Hany is a research fellow of the Economic Research Forum (ERF) and a fellow of the Higher Education Academy (FHEA) UK. He has acted as a consultant at several institutions, including the UNDP and Cambridge University Assessment. He holds a PhD from Swansea University and an MSc from City, University of London.

Qianqian Zhang is an economist in the African Department at the IMF. Her research interests include fiscal policy, fiscal decentralization, gender, and development issues. She previously worked in the Fiscal Affairs Department and as a country economist for Afghanistan. She received her PhD from George Washington University and her master’s degree from Cornell University.

Discussants:

Moses Kansanga is an Assistant Professor of Geography and International Affairs at The George Washington University. He is a critical geographer whose research explores questions at the intersection of sustainable food systems and natural resource management from a political ecology perspective. For the past decade, Moses has worked with smallholder farming communities in the Global South with concentration on sustainable agriculture and natural resource politics. He received his PHD at University of Western Ontario.

Robert Weiner is the director of the Master of Science in International Business program and a professor of international business, public policy & public administration, and international affairs at the George Washington University School of Business, Washington D.C. He serves concurrently as deputy director of the Master of Science in Government Contracts, a joint program of the GW Schools of Business and Law. He is a faculty director of the Business School’s Center for International Business Education and Research, and an affiliate of the Elliott School of International Affairs’ Institute for International Economic Policy, Institute for Middle East Studies, Institute for Security and Conflict Studies, and Sigur Center for Asian Studies. He is also senior advisor to the Brattle Group. He received his PhD from Harvard University.