Wednesday, July 17, 2019
Outlook for Washington's Prosper Africa initiative.
Six months on from the unveiling of its new Africa policy, the Trump administration’s signature new initiative -- Prosper Africa -- has finally been revealed. Prosper Africa intensifies Washington’s prioritisation of trade over aid and will attempt to double two-way trade and investment by 2025.
- Limited engagement by senior administration officials may hinder implementation and legitimisation.
- Washington will focus on new bilateral free trade agreements, though the wider African Growth and Opportunity Act should remain in place.
- Washington’s political engagement with Africa will remain relatively limited.