ABSTRACT

Trump Administration's Prosper Africa Initiative [Updated November 17, 2020]   [open pdf - 638KB]

From the Document: "The Trump Administration's Prosper Africa initiative aims to substantially increase U.S.-African trade and investment ties, spur joint U.S. and African economic growth, and--as U.S. officials have stated--demonstrate 'the superior value proposition of transparent markets and private enterprise.' Past Administrations have similarly sought to expand U.S.-Africa trade and investment ties, but gains to date have been modest. In 2019, Africa accounted for 1.4% of U.S. global trade and received 0.7% of U.S. foreign direct investment. Such shares have declined relative to their historical highs a decade or so ago, suggesting that quickly achieving sizable growth in such metrics may not be easy. As such, Congress may seek to determine whether Prosper Africa is adequately funded, effectively configured, and an appropriate vehicle to attain such goals."

Report Number:
CRS In Focus, IF11384
Author:
Publisher:
Date:
2020-11-17
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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