Post Stabilization Economics In Sub Saharan Africa

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Post-Stabilization Economics in Sub-Saharan Africa

Mr.Shanaka J. Peiris,Mr.Jean A. P. Clément
Post Stabilization Economics in Sub Saharan Africa Book PDF

Author : Mr.Shanaka J. Peiris,Mr.Jean A. P. Clément
Publisher : International Monetary Fund
Page : 407 pages
File Size : 45,5 Mb
Release : 2008-05-01
Category : Business & Economics
ISBN : 9781589066779

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Post-Stabilization Economics in Sub-Saharan Africa by Mr.Shanaka J. Peiris,Mr.Jean A. P. Clément Pdf

Mozambique is an economic success story in sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of special interest to other sub-Saharan countries are the book's discussions of Mozambique's progress toward consolidating macroeconomic and financial stability, and the challenges it faces in ensuring long-term sustainability, creating a virtuous cycle of natural resource use, and implementing second-generation structural reforms to sustain its growth. This book also provides a summary of the most recent research on issues related to post-stabilization economics in SSA.

Stabilization and Structural Adjustment

Finn Tarp
Stabilization and Structural Adjustment Book PDF

Author : Finn Tarp
Publisher : Routledge
Page : 233 pages
File Size : 46,7 Mb
Release : 2002-09-11
Category : Business & Economics
ISBN : 9781134891986

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Stabilization and Structural Adjustment by Finn Tarp Pdf

This book reveals and examines the relevance of the macroeconomic theory and models behind recommendations for stabilization and structual adjustment. Alternaive analytical approaches are discusses. This is done on the basis of an up-to-date review of developments in sub-saharan Africa during the 1980's and within a common analytical framework.

Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo

Mr.Jean A. P. Clément
Postconflict Economics in Sub Saharan Africa Lessons from the Democratic Republic of the Congo Book PDF

Author : Mr.Jean A. P. Clément
Publisher : International Monetary Fund
Page : 340 pages
File Size : 55,6 Mb
Release : 2005-02-07
Category : Business & Economics
ISBN : 1589062523

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Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo by Mr.Jean A. P. Clément Pdf

The Democratic Republic of the Congo is making significant strides on both the political and economic fronts to extricate itself from one of the bloodiest wars in African history. This remarkable turnaround offers other countries and the international community valuable lessons in preventing conflict and in coping with postconflict recovery. This book also provides a summary of the most recent research on conflict, an analysis of the causes of conflicts in Africa, and an outline of their key economic characteristics.

Economic Fluctuations in Sub-Saharan Africa

Mr.Giovanni Melina,Mr.Rafael A Portillo
Economic Fluctuations in Sub Saharan Africa Book PDF

Author : Mr.Giovanni Melina,Mr.Rafael A Portillo
Publisher : International Monetary Fund
Page : 32 pages
File Size : 44,8 Mb
Release : 2018-03-05
Category : Business & Economics
ISBN : 9781484344880

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Economic Fluctuations in Sub-Saharan Africa by Mr.Giovanni Melina,Mr.Rafael A Portillo Pdf

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii) inflation and output tend to be negatively correlated; (iii) unlike advanced economies and emerging markets (EMs), trade balances and current accounts are acyclical in SSA; (iv) the volatility of consumption and investment relative to GDP is larger than in other countries; (v) the cyclicality of consumption and investment is smaller than in advanced economies and EMs; (vi) there is little comovement between consumption and investment; (vii) consumption and investment are strongly positively correlated with imports.

Post-Covid-19 Recovery and Resilience: Leveraging Reforms for Growth and Inclusion in Sub-Saharan Africa

Mrs.Paola Ganum,Mr.Vimal V Thakoor
Post Covid 19 Recovery and Resilience Leveraging Reforms for Growth and Inclusion in Sub Saharan Africa Book PDF

Author : Mrs.Paola Ganum,Mr.Vimal V Thakoor
Publisher : International Monetary Fund
Page : 33 pages
File Size : 53,9 Mb
Release : 2021-02-19
Category : Business & Economics
ISBN : 9781513570044

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Post-Covid-19 Recovery and Resilience: Leveraging Reforms for Growth and Inclusion in Sub-Saharan Africa by Mrs.Paola Ganum,Mr.Vimal V Thakoor Pdf

Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important, especially with constrained scope for fiscal and monetary stimuli. Reforms could boost per capita growth by an additional 0.3-1.3 percentage points, relative to the 1.9 percent average since 2010. Such growth would reduce per capita income doubling time from 37 years to about 22 years. Low-income countries stand to gain the most from reforms. The largest gains come from governance, products markets, and factor accumulation. Importantly, these reforms can be implemented in the post-pandemic environment characterized by weaker social and distributional outcomes.

Growth in Sub-Saharan Africa

Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Growth in Sub Saharan Africa Book PDF

Author : Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Publisher : International Monetary Fund
Page : 32 pages
File Size : 49,8 Mb
Release : 1995-12-01
Category : Business & Economics
ISBN : 9781451855753

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Growth in Sub-Saharan Africa by Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael Pdf

The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Exiting From Fragility in sub-Saharan Africa

Corinne Deléchat,Ms.Ejona Fuli,Mrs.Dafina Glaser,Mr.Gustavo Ramirez,Rui Xu
Exiting From Fragility in sub Saharan Africa Book PDF

Author : Corinne Deléchat,Ms.Ejona Fuli,Mrs.Dafina Glaser,Mr.Gustavo Ramirez,Rui Xu
Publisher : International Monetary Fund
Page : 46 pages
File Size : 55,8 Mb
Release : 2015-12-22
Category : Business & Economics
ISBN : 9781513591315

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Exiting From Fragility in sub-Saharan Africa by Corinne Deléchat,Ms.Ejona Fuli,Mrs.Dafina Glaser,Mr.Gustavo Ramirez,Rui Xu Pdf

This paper studies the role of fiscal policies and institutions in building resilience in sub-Saharan African countries during 1990-2013, with specific emphasis on a group of twenty-six countries that were deemed fragile in the 1990s. As the drivers of fragility and resilience are closely intertwined, we use GMM estimation as well as a probabilistic framework to address endogeneity and reverse causality. We find that fiscal institutions and fiscal space, namely the capacity to raise tax revenue and contain current spending, as well as lower military spending and, to some extent, higher social expenditure, are significantly and fairly robustly associated with building resilience. Similar conclusions arise from a study of the progression of a group of seven out of the twenty-six sub- Saharan African countries that managed to build resilience after years of civil unrest and/or violent conflict. These findings suggest relatively high returns to focusing on building sound fiscal institutions in fragile states. The international community can help this process through policy advice, technical assistance, and training on tax administration and budget reforms.

Renewing Development in Sub-Saharan Africa

Ian Livingstone,D. G. R. Belshaw
Renewing Development in Sub Saharan Africa Book PDF

Author : Ian Livingstone,D. G. R. Belshaw
Publisher : Psychology Press
Page : 502 pages
File Size : 40,7 Mb
Release : 2002
Category : Business & Economics
ISBN : 0415252180

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Renewing Development in Sub-Saharan Africa by Ian Livingstone,D. G. R. Belshaw Pdf

After two decades of economic reform programmes, the majority of countries in Sub-Saharan Africa still face the challenge of renewing the development progress that they were achieving in the 1960s and early 1970s. Promising beginnings in the post-independence countries ended in economic collapse in the 1980s. This led to stabilization and structural adjustment reforms, but these have had disappointing results in most of the countries that applied them. In addition, local scale inter-country conflicts and internal strife within the region and post-war complications have generated new problems. This volume reviews the ensuing debates and brings together specialist contributions, to provide a clear guide to the major complexities of African development. A foundation is laid for designing a range of individual country-specific policy-sets, in which the strategic components are prioritized according to each country's constraints and opportunities.

Public Policies and Private Savings and Investment in Sub-Saharan Africa

Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Public Policies and Private Savings and Investment in Sub Saharan Africa Book PDF

Author : Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Publisher : International Monetary Fund
Page : 48 pages
File Size : 45,8 Mb
Release : 1995-02-01
Category : Business & Economics
ISBN : 9781451922523

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Public Policies and Private Savings and Investment in Sub-Saharan Africa by Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael Pdf

This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.

Dollarization in Sub-Saharan Africa

Mr.Mauro Mecagni,Mr.Juan S Corrales,Mr.Jemma Dridi,Mr.Rodrigo Garcia-Verdu,Patrick A. Imam,Mr.Justin Matz,Ms.Carla Macario,Mr.Rodolfo Maino,Mr.Yibin Mu,Ashwin Moheeput,Mr.Futoshi Narita,Mr.Marco Pani,Mr.Manuel Rosales Torres,Mr.Sebastian Weber,Mr.Etienne B Yehoue
Dollarization in Sub Saharan Africa Book PDF

Author : Mr.Mauro Mecagni,Mr.Juan S Corrales,Mr.Jemma Dridi,Mr.Rodrigo Garcia-Verdu,Patrick A. Imam,Mr.Justin Matz,Ms.Carla Macario,Mr.Rodolfo Maino,Mr.Yibin Mu,Ashwin Moheeput,Mr.Futoshi Narita,Mr.Marco Pani,Mr.Manuel Rosales Torres,Mr.Sebastian Weber,Mr.Etienne B Yehoue
Publisher : International Monetary Fund
Page : 75 pages
File Size : 43,8 Mb
Release : 2015-05-15
Category : Business & Economics
ISBN : 9781498368476

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Dollarization in Sub-Saharan Africa by Mr.Mauro Mecagni,Mr.Juan S Corrales,Mr.Jemma Dridi,Mr.Rodrigo Garcia-Verdu,Patrick A. Imam,Mr.Justin Matz,Ms.Carla Macario,Mr.Rodolfo Maino,Mr.Yibin Mu,Ashwin Moheeput,Mr.Futoshi Narita,Mr.Marco Pani,Mr.Manuel Rosales Torres,Mr.Sebastian Weber,Mr.Etienne B Yehoue Pdf

Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit of account—is a notable feature of financial development under macroeconomically fragile conditions. It has emerged as a key factor explaining vulnerabilities and currency crises, which have long been observed in Latin America, parts of Asia, and Eastern Europe. Dollarization is also present, prominently, in sub-Saharan Africa (SSA) where it remains significant and persistent at over 30 percent rates for both bank loans and deposits—although it has not increased significantly since 2001. However, progress in reducing dollarization has lagged behind other regions and, in this regard, it is legitimate to ask whether this phenomenon is an important concern in SSA. This study fills a gap in the literature by analyzing these issues with specific reference to the SSA region on the basis of the evidence for the past decade.

Regional Economic Outlook, October 2008, Sub-Saharan Africa

International Monetary Fund. African Dept.
Regional Economic Outlook October 2008 Sub Saharan Africa Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 99 pages
File Size : 54,9 Mb
Release : 2008-10-10
Category : Business & Economics
ISBN : 9781589067639

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Regional Economic Outlook, October 2008, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

Sub-Saharan Africa's prospects have deteriorated somewhat and the risks have increased, according to this report. Growth in the region is projected to dip to 6 percent in 2008 and 2009. The fall is due mainly to the global food and fuel price shock, which has weighed particularly on growth in oil-importing countries, and to the global financial market turmoil, which has slowed global growth and demand for Africa's exports. Inflation is expected to rise to 12 percent in 2008, mainly on account of the food and fuel price shock. As a result of rising prices, particularly of food, poverty may well be on the increase in 2008. In 2009, inflation should ease to 10 percent, helped by recent commodity price declines. There are significant risks to the outlook related to a potentially deeper and longer period of global financial turmoil and resulting slowdown in global activity, and substantial uncertainty concerning commodity prices.

Regional Economic Outlook, April 2008, Sub-Saharan Africa

International Monetary Fund. African Dept.
Regional Economic Outlook April 2008 Sub Saharan Africa Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 145 pages
File Size : 43,6 Mb
Release : 2008-04-14
Category : Business & Economics
ISBN : 9781589067110

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Regional Economic Outlook, April 2008, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

The region's prospects continue to be promising, but global developments pose increased risks to the outlook. Growth in sub-Saharan Africa should again average about 61⁄2 percent in 2008 with oil exporters leading the way; meanwhile, growth in oil importers is expected to taper off, though only modestly. With food and energy prices still rising, inflation is projected to average about 81⁄2 percent this year for countries in the region, setting aside Zimbabwe. Risks in 2008 are tilted to the downside, but the region is better placed today to withstand a worsening of the global environment.

Our Continent, Our Future

P. Thandika Mkandawire,Charles Chukwuma Soludo
Our Continent Our Future Book PDF

Author : P. Thandika Mkandawire,Charles Chukwuma Soludo
Publisher : IDRC
Page : 192 pages
File Size : 52,7 Mb
Release : 2014-05-14
Category : Political Science
ISBN : 9781552502044

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Our Continent, Our Future by P. Thandika Mkandawire,Charles Chukwuma Soludo Pdf

Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

Regional Economic Outlook, April 2009, Sub-Sarahan Africa

International Monetary Fund. African Dept.
Regional Economic Outlook April 2009 Sub Sarahan Africa Book PDF

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 108 pages
File Size : 47,7 Mb
Release : 2009-04-24
Category : Business & Economics
ISBN : 9781589068384

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Regional Economic Outlook, April 2009, Sub-Sarahan Africa by International Monetary Fund. African Dept. Pdf

Prepared by the IMF African Department, and published twice a year in English and French, Regional Economic Outlook: Sub-Saharan Africa analyzes the macroeconomic performance and short-term prospects of sub-Saharan Africa and provides and in-depth analysis of selected topics. The April 2009 Outlook includes two chapters: one on the macroeconomic impact of the global financial crisis on sub-Saharan Africa, and the other on the impact of the crisis on financial systems in the region. Detailed country data are provided in a statistical appendix.

Africa and the Global Financial Crisis

Reuben Adeolu Alabi
Africa and the Global Financial Crisis Book PDF

Author : Reuben Adeolu Alabi
Publisher : LIT Verlag Münster
Page : 458 pages
File Size : 42,7 Mb
Release : 2011
Category : Business & Economics
ISBN : 9783643106483

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Africa and the Global Financial Crisis by Reuben Adeolu Alabi Pdf

In this volume of the African Development Perspectives Yearbook series, the Research Group on African Development Perspectives investigates the impact of the Global Financial Crisis (GFC) on economic reform processes in Africa. The analysis is structured in such a way so as to reflect the opportunities and dangers of policy reversals in the face of the GFC. The impact of the crisis on different types and forms of governance in the region is considered. The first question is therefore which macro-economic policy instruments have to be applied in order to overcome the crisis and to continue with sustainable development. The second question is how the GFC has affected Africa's external economic relations and if the path of opening up to the world markets is to be continued. The third question raised is how the crisis has affected social cohesion, impacted poverty alleviation strategies and the achievement of Millennium Development Goals (MDGs). All these questions are discussed in the various contributions which comprise general studies and country case studies. The book also looks into the role of international financial institutions during and after the crisis. (Series: African Development Perspectives Yearbook - Vol. 15)