Private Savings And Covid 19 In Sub Saharan Africa

Author : Mr. Boileau Loko,Nelie Nembot,Mr. Marcos Poplawski Ribeiro
Publisher : International Monetary Fund
Page : 47 pages
File Size : 49,6 Mb
Release : 2022-09-09
Category : Business & Economics
ISBN : 9798400219306

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Private Savings and COVID-19 in Sub-Saharan Africa by Mr. Boileau Loko,Nelie Nembot,Mr. Marcos Poplawski Ribeiro Pdf

The paper reexamines the main private savings determinants in Sub-Saharan Africa (SSA), followed by an analysis of the COVID-19 pandemic impact on private savings in SSA and other country groupings. Using an unbalanced panel data from 1983−2021 for 31 SSA economies, the paper finds that real per capita economic growth remains a key historical determinant of private savings in the region. In contrast with other regions, private saving rates have not increased during COVID-19 in SSA. Instead, COVID-19 deaths in our estimations are significantly associated with a decline in private savings in SSA. Robustness checks and a descriptive analysis of household surveys during the pandemic corroborate those results.

Author : Mr.Dhaneshwar Ghura,Mr.Michael T. Hadjimichael
Publisher : International Monetary Fund
Page : 48 pages
File Size : 47,5 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.

Author : Cesar Calderon,Gerard Kambou,Calvin Zebaze Djiofack,Vijdan Korman,Megumi Kubota,Catalina Cantu Canales
Publisher : World Bank Publications
Page : 136 pages
File Size : 54,5 Mb
Release : 2020-04-07
Category : Business & Economics
ISBN : 9781464815683

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Africa's Pulse, No. 21, Spring 2020 by Cesar Calderon,Gerard Kambou,Calvin Zebaze Djiofack,Vijdan Korman,Megumi Kubota,Catalina Cantu Canales Pdf

The COVID-19 pandemic has taken a toll on human life and brought major disruption to economic activity across the world. Despite a late arrival, the COVID-19 virus has spread rapidly across Sub-Saharan Africa in recent weeks. Economic growth in Sub-Saharan Africa is projected to decline from 2.4 percent in 2019 to -2.1 to -5.1 percent in 2020, the first recession in the region in 25 years. The coronavirus is hitting the region’s three largest economies —Nigeria, South Africa, and Angola— in a context of persistently weak growth and investment. In particular, countries that depend on oil and mining exports would be hit the hardest. The negative impact of the COVID-19 crisis on household welfare would be equally dramatic. African policymakers need to develop a two-pronged strategy of “saving lives and protecting livelihoods.†? This strategy includes relief measures and recovery measures aimed at strengthening health systems, providing income support to workers and liquidity support to viable businesses. However, financing of these policies will be challenging amid deteriorating fiscal positions and heightened public debt vulnerabilities. Therefore, African countries will require financial assistance from their development partners -including COVID-19 related multilateral assistance and a debt service stand still with creditors.

Author : Salewa Olawoye
Publisher : Edward Elgar Publishing
Page : 175 pages
File Size : 48,8 Mb
Release : 2023-01-20
Category : Business & Economics
ISBN : 9781802205374

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COVID-19 and the Response of Central Banks by Salewa Olawoye Pdf

COVID-19 and the Response of Central Banks analyses the reactions of central banks to the COVID-19 crisis in Sub-Saharan Africa. It focuses on how the pandemic has affected the economic performance of Sub-Saharan African countries, many of which were already struggling with growth and sustainability. The first part of the book covers countries within monetary unions such as Cameroon, Congo, Senegal, and Cote d'Ivoire. In the second half, countries with their own independent central banks, The Democratic Republic of Congo, Nigeria, Ghana, and Sierra Leone, are discussed. Chapters highlights the differences between Monetary Union membership and independent Central Banks in policymaking during health crises and explore the role of central banking in minimizing the deleterious effects.

Author : Luc Eyraud,Irina Bunda,Jehann Jack,Mr. Tarak Jardak,Rasmane Ouedraogo (Economist),Zhangrui Wang,Torsten Wezel
Publisher : International Monetary Fund
Page : 85 pages
File Size : 46,8 Mb
Release : 2021-06-08
Category : Business & Economics
ISBN : 9781513576510

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Resolving Nonperforming Loans in Sub-Saharan Africa in the Aftermath of the COVID-19 Crisis by Luc Eyraud,Irina Bunda,Jehann Jack,Mr. Tarak Jardak,Rasmane Ouedraogo (Economist),Zhangrui Wang,Torsten Wezel Pdf

Sub-Saharan African countries are facing an unprecedented health and economic crisis that is likely to severely hurt credit quality and raise non-performing loans from already high levels. Banks have a critical role to play not only during the crisis by providing temporarily relief to businesses and households, but also during the recovery by supporting economic activity and facilitating the structural transformations engaged by the pandemic.

Author : Michael Hadjimichael
Publisher : Unknown
Page : 47 pages
File Size : 52,9 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291213954

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Public Policies and Private Savings and Investment in Sub-Saharan Africa by Michael 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.

Author : International Monetary Fund,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 34 pages
File Size : 44,9 Mb
Release : 2021-04-15
Category : Business & Economics
ISBN : 9781513575735

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Regional Economic Outlook, April 2021, Sub-Saharan Africa by International Monetary Fund,International Monetary Fund. African Dept. Pdf

Regional Economic Outlook, April 2021, Sub-Saharan Africa

Author : Mrs.Paola Ganum,Mr.Vimal V Thakoor
Publisher : International Monetary Fund
Page : 33 pages
File Size : 54,9 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.

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 38 pages
File Size : 40,8 Mb
Release : 2021-04-15
Category : Business & Economics
ISBN : 9781513575971

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Regional Economic Outlook, April 2021, Sub-Saharan Africa by International Monetary,International Monetary Fund. African Dept. Pdf

Sub-Saharan Africa is still contending with an unprecedented health and economic crisis. In the months since the October 2020 Regional Economic Outlook: Sub-Saharan Africa, the region has confronted a second coronavirus (COVID-19) wave that swiftly outpaced the scale and speed of the first. While this episode has eased for now, many countries are bracing for further waves, particularly as access to vaccines remains scant.

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 67 pages
File Size : 54,5 Mb
Release : 2020-04-15
Category : Nature
ISBN : 9781513536835

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Regional Economic Outlook, April 2020, Sub-Saharan Africa by International Monetary Fund. African Dept. Pdf

Sub-Saharan Africa is facing an unprecedented health and economic crisis that threatens to throw the region off its stride, reversing the encouraging development progress of recent years. Furthermore, by exacting a heavy human toll, upending livelihoods, and damaging business and government balance sheets, the crisis threatens to retard the region’s growth prospects in the years to come. Previous crises tended to impact affect countries in the region differentially, but no country will be spared this time.

Author : Fred Olayele,Yiagadeesen Samy
Publisher : Taylor & Francis
Page : 198 pages
File Size : 41,9 Mb
Release : 2022-10-21
Category : Political Science
ISBN : 9781000755367

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Sustainable Development in Post-Pandemic Africa by Fred Olayele,Yiagadeesen Samy Pdf

With both domestic and external financing expected to dry up in the wake of the COVID-19 pandemic, this book argues that there is a need for fresh ideas and new strategies for achieving sustainable development in Africa. In addition to triggering the most severe recession in nearly a century, the COVID-19 pandemic has disrupted global value chains, causing unprecedented damage to healthcare systems, economies, and well-being, hitting the world’s most vulnerable people the hardest. Even before the pandemic, Africa was suffering from the effects of low commodity prices, sluggish GDP growth, high debt levels, low levels of domestic savings, and weak private capital inflows. This book argues that now, as the continent emerges from the current crisis, it will be important to reconfigure current financing sources under a forward-looking framework that incorporates other non-traditional financing tools and mechanisms such as public-private partnerships, sovereign wealth funds, gender lens investing, new growth drivers, and emerging and disruptive technologies. Finally, the book concludes by adopting a sectoral approach and examining the real economy impacts of new growth drivers such as agriculture value chains, industrialization, tourism, and the blue economy. Drawing on a range of original research as well as insights from practice, this book will be a useful guide for Global Development and African Studies researchers, as well as for policy makers, investors, finance specialists, and global business practitioners and entrepreneurs.

Author : Anonim
Publisher : Unknown
Page : 130 pages
File Size : 48,8 Mb
Release : 1994
Category : Africa, Sub-Saharan
ISBN : UCSD:31822018833343

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Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa by Anonim Pdf

Author : Amewu, Sena,Asante, Seth,Pauw, Karl,Thurlow, James
Publisher : Intl Food Policy Res Inst
Page : 24 pages
File Size : 53,8 Mb
Release : 2020-06-12
Category : Political Science
ISBN : 8210379456XXX

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The economic costs of COVID-19 in Sub-Saharan Africa: Insights from a simulation exercise for Ghana by Amewu, Sena,Asante, Seth,Pauw, Karl,Thurlow, James Pdf

The objective in this paper is to estimate the economic costs of COVID-19 policies and external shocks in a developing country context, with a focus on agri-food system impacts. Ghana is selected as a case study. Ghana recorded its first two cases of COVID-19 infection on 12 March 2020. The government responded by gradually introducing social distancing measures, travel restrictions, border closures, and eventually a partial, two-week “partial” lockdown in the country’s largest metropolitan areas of Accra and Kumasi. Social distancing measures have been enforced nationwide and include bans on conferences, workshops, and sporting and religious events, as well as the closure of bars and nightclubs. All educational institutions are also closed. The partial lockdown measures in urban areas directed all residents to remain home except for essential business, prohibited non-essential inter-city travel and transport, and only essential manufacturing and services operations were permitted to continue (The Presidency 2020). At the time the lockdown was announced, Ghana’s Ministry of Finance revised its GDP growth estimate for 2020 downwards from 6.8 to 1.5 percent (MoF 2020), although the Minister warned that growth could fall further if lockdown measures were extended. The lockdown was initially extended for a third week but was officially lifted on 20 April. Social distancing measures remain in place nationwide, although a gradual easing of restrictions commenced in June. Ghana’s borders remain closed at the time of writing.

Author : Jieun Choi,Mark A. Dutz,Zainab Usman
Publisher : World Bank Publications
Page : 247 pages
File Size : 52,5 Mb
Release : 2020-06-26
Category : Business & Economics
ISBN : 9781464814457

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The Future of Work in Africa by Jieun Choi,Mark A. Dutz,Zainab Usman Pdf

The Future of Work in Africa focuses on the key themes of creating productive jobs and addressing the needs of those left behind. It highlights how global trends, especially the adoption of digital technologies, may change the nature of work in Sub-Saharan Africa by creating new opportunities and challenges. It argues that, contrary to global fears of worker displacement by new technologies, African countries can develop an inclusive future of work, with opportunities for lower-skilled workers. Harnessing these opportunities is, however, contingent on implementing policies and making productive investments in four main areas. These are enabling inclusive digital technologies; building human capital for a young, rapidly growing, and largely low-skilled labor force; increasing the productivity of informal workers and enterprises; and extending social protection coverage to mitigate the risks associated with disruptions to labor markets. This companion report to the World Bank’s World Development Report 2019 concludes with important policy questions that should guide future research, whose findings could lead to more inclusive growth for African nations.

Author : Deon Filmer,Louise Fox
Publisher : World Bank Publications
Page : 283 pages
File Size : 55,9 Mb
Release : 2014-01-24
Category : Business & Economics
ISBN : 9781464801075

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Youth Employment in Sub-Saharan Africa by Deon Filmer,Louise Fox Pdf

"The series is sponsored by the Agence Francaise de Developpement and the World Bank."