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The Economic Implications of the War in Ukraine for Africa and Morocco

Author

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  • Abdelaaziz Ait Ali
  • Fahd AZAROUAL
  • Oumayma Bourhriba
  • Uri Dadush

Abstract

The Russian-Ukrainian war will have major economic and political repercussions. In this note, we focus on the war’s economic short and long term implications on the African economy. This conflict comes at very arduous context, where Africa is still struggling to set its economy on the recovery path, amid global inflationary pressures and highly uncertain context. While natural resources countries, especially energy exporters, are sensing opportunities from the crisis, other countries such as Morocco, will be hardly hit by a double whammy of soaring energy and food prices. This will add to their external imbalances and concerns about inflation persistence and the path of their public debt.

Suggested Citation

  • Abdelaaziz Ait Ali & Fahd AZAROUAL & Oumayma Bourhriba & Uri Dadush, 2022. "The Economic Implications of the War in Ukraine for Africa and Morocco," Policy briefs 1970, Policy Center for the New South.
  • Handle: RePEc:ocp:ppaper:pb11-22
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    Cited by:

    1. Mariyana Pavlova-Banova & Asen Bozhikov & Ivan Angelov & Iskren Tairov & Aleksandrina Aleksandrova & Kristina Georgieva & Mariela Stoyanova, 2022. "Integrating Crisis Management Mechanisms In European Cohesion Policy," Business Management, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 3 Year 20, pages 32-45.
    2. Kohnert, Dirk, 2022. "Will Putin"s Ukraine war provoke famine and upheaval in Africa," MPRA Paper 112751, University Library of Munich, Germany.
    3. Chepeliev, Maksym & Maliszewska, Maryla & Filipa, Maria & Pereira, Seara e, 2022. "The War in Ukraine Disrupts Agricultural Value Chains, but Trade Policy Measures Can Mitigate the Impacts," 2022: Transforming Global Value Chains, December 11-13, Clearwater Beach, FL 339412, International Agricultural Trade Research Consortium.
    4. Kohnert, Dirk, 2022. "La guerre de Poutine en Ukraine provoquera-t-elle famine et révoltes en Afrique? [Will Putin's Ukraine war provoke famine and upheaval in Africa ?]," MPRA Paper 112809, University Library of Munich, Germany.
    5. Otaviano Canuto, 2022. "War in Ukraine and Risks of Stagflation," Policy briefs 1974, Policy Center for the New South.
    6. Kohnert, Dirk, 2022. "La guerre de Poutine en Ukraine, causera-t-elle la faim et des troubles en Afrique ? [Will Putin's Ukraine war provoke famine and upheaval in Africa ?]," MPRA Paper 112768, University Library of Munich, Germany.

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