The African Economic Research Consortium (AERC), established in 1988 is a public not-for-profit organization devoted to the advancement of economic policy research and training. AERC's mission is to strengthen local capacity for conducting independent, rigorous inquiry into the problems facing the management of economies in sub-Saharan Africa.

That mission rests on two basic premises. First, that development is more likely to occur where there is sustained sound management of the economy. Second, that such management is more likely to happen where there is an active, well-informed group of locally based professional economists to conduct policy-relevant research. Specifically, then, AERC intends to:

Enhance the capacity of locally based researchers to conduct policy-relevant economic inquiry,

Promote the retention of such capacity, and

Encourage its application in the policy context.