MacroDev Conference Webinar : What are the impacts of the boom in commodity prices on emerging & developing countries & on energy transition?

What are the impacts of the boom in commodity prices on emerging and developing countries and on energy transition?

Online Webinar for the release of the MacroDev Panorama

Editions Agence Française de Développement (AFD)

The outbreak of the Russian-Ukrainian conflict at the end of February 2022 had the almost immediate consequence of a surge in the world prices of raw materials, whether hydrocarbons, metals or agricultural products. This bullish trend was in fact already at work since mid-2020, but it was exacerbated by the role that Russia and Ukraine play on the world supply of certain raw materials such as gas, oil, aluminum or wheat. Among the causes of this increase, we can cite the strong recovery in global demand following the shock of the Covid-19 pandemic, the constraints on global supply chains, or the climate change. If not unprecedented, this rise in commodity prices could signal a new cycle of high prices lasting several years and which could have various consequences for emerging and developing countries. In this context, the rise in the price of fossil fuels, could pave the way for an acceleration of the energy transition at the global level.

In this online webinar we will explore the following questions:

• So how can this phenomenon be explained?
• What is its uniqueness compared to other similar episodes in world economic history recorded over the past fifty years? Among emerging and developing countries, which ones will benefit from this shock and which ones are more likely to suffer from it?
• What will be the impact on the energy transition?

In the September 2022 issue of MacroDev-Semestrial Panorama 2022 #2, AFD economists provide answers to these questions in a thematic note devoted to commodities. Several country cases illustrate and complete the analysis, making it possible to draw an overall picture of the consequences of such a shock on the economies of developing and emerging countries.

Join us and get the expert inputs from our economists moderated by Emmanuelle Mansart-Monat, Economist, Agence Française de Développement (AFD) :

1. Introduction by Thomas Melonio, Executive Director, Innovation, Strategy & Research Department, AFD
2. First Session : Cross-cutting thematic session on commodities with :

• Maxime Terrieux, Economist, AFD

Q&A session

3.Second Session: Three Country Cases

• Mozambique : Maëlan Le Goff, Economist, AFD
• Nigeria : Sylvain Bellefontaine, Senior Economist, AFD
• Peru : Alix Vigato, Economist, AFD

Q&A session

4.Wrap up session & Conclusion

• Emmanuelle Mansart-Monat, Economist, AFD