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The Economic Report on Africa 2009 (ERA 2009) is organised into two parts. Part I examines global economic developments and their implication for Africa, analyses recent economic and social trends, and highlights emerging development challenges to the continent in 2008. Part II is devoted to the issue of regional value challenges to developing African agriculture. ERA 2009 then focuses on the question of how to enhance structural transformation of African agriculture through systematic efforts to develop regionally integrated value chains and markets for selected strategic food and agricultural commodities. Finally, the report urges African governments to operationalise commitments to develop agriculture, and suggests strategies that promote viable value chains at the national and regional levels.

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• List of Acronyms(p. ix)
• Foreword(p. xiii)
• Acknowledgements(p. xv)
• Overview(p. 1)
• 1 Developments in the World Economy and Implications for Africa(p. 19)
• Introduction(p. 19)
• 1.1 Europe and the United States have slipped into recession but Asia is still growing(p. 20)
• 1.2 Macroeconomic imbalances decline but remain huge(p. 23)
• 1.3 World commodity prices peaked in mid-2008(p. 25)
• 1.4 Global inflation increased significantly in line with commodity prices(p. 30)
• 1.5 Global interest in Africa is broadening(p. 32)
• 1.6 Effects of the financial crisis on Africa and the policy response(p. 36)
• 1.7 Conclusions(p. 37)
• References(p. 39)
• 2 Growth and Social Development in Africa in 2008 and Prospects for 2009(p. 41)
• 2.1 Growth performance(p. 41)
• 2.2 Sectoral performance shows limited transformation of production structures(p. 57)
• 2.3 Trends in social development in Africa(p. 61)
• 2.4 Prospects for 2009: further slowdown(p. 67)
• 2.5 Conclusions and policy recommendations(p. 69)
• References(p. 71)
• Appendix tables(p. 73)
• 3 Current and Emerging Development Challenges for Africa in 2008(p. 77)
• 3.1 Africa's trade performance, trade negotiations, and Aid for Trade(p. 77)
• 3.2 Tracking performance and progress in the implementation of commitments on financing for development(p. 98)
• 3.3 The food crisis and its impact on Africa(p. 108)
• References(p. 115)
• 4 Challenges to Agricultural Development in Africa(p. 117)
• 4.1 Analysis of trends and status of African agriculture(p. 118)
• 4.2 Challenges to agricultural transformation in Africa(p. 122)
• 4.3 Interventions for addressing challenges to agricultural development in Africa(p. 134)
• 4.4 Conclusions(p. 137)
• References(p. 139)
• 5 An Integrated Regional Value Chains Approach to Agricultural Development in Africa(p. 143)
• 5.1 Motivation for value chain development: threats and challenges of globalization(p. 144)
• 5.2 Key constraints and opportunities for value chain development(p. 148)
• 5.3 Developing integrated agricultural product value chains for strategic commodities in Africa(p. 152)
• 5.4 Strategies for promoting regional value chains in the CAADP framework(p. 165)
• 5.5 Conclusions and policy recommendations(p. 172)
• References(p. 178)
• 6 The Way Forward(p. 183)
• 6.1 Operationalizing commitments to develop African agriculture(p. 183)
• 6.2 Addressing key constraints to agricultural transformation in Africa(p. 190)
• 6.3 Promoting regionally integrated value chains(p. 191)
• References(p. 193)