adminSKILLED workers are leaving sub-Saharan Africa in rapidly increasingly numbers, producing a “brain drain” that causes long-term social damage, the International Monetary Fund (IMF) warned Tuesday.
The IMF said the number of sub-Saharan migrants living in developed countries could increase from about 7-million in 2013 to about 34-million by 2050.
It described a “profound demographic transition” under way in the region as the working-age population grows faster than the total population — driving a migration boom.
“Brain drain is particularly acute in sub-Saharan Africa,” the IMF said in its latest report said, noting that it created “welfare losses beyond those that are purely economic”.
“The migration of young and educated workers takes a large toll on a region whose human capital is already scarce,” it said.
“The migration of highly skilled workers entails a high social cost, as is evidenced by the departure of doctors and nurses from Malawi and Zimbabwe.”
The IMF said migration from sub-Saharan Africa to the developed nations of the Organisation for Economic Co-operation and Development (OECD) had “picked up sharply” over the last 15 years.
France, the UK and the US host about half of the diaspora outside the sub-Saharan region.
The report also pointed to evidence of some positive gains from the migration of highly skilled workers.
“Returning migrants bring back new skills. . .knowledge and experience,” it said, adding that “remittance inflows represent an important source of foreign-exchange and income”.
The IMF report added that growth had fallen in sub-Sahara’s powerhouse economies due to lower commodity prices.
Nigeria is due to contract 1,7 percent in 2016 amid disrupted oil production, poor power supply and weak investor confidence. – AFP.
Online Reporter