Regional Economic Outlook, April 2011 : Sub-Saharan Africa: Recovery and New Risks

Book
Front Matter

Front Matter

Author(s):
International Monetary Fund. African Dept.
Published Date:
May 2011
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    © 2011 International Monetary Fund

    Cataloging-in-Publication Data

    Regional economic outlook. Sub-Saharan Africa. – Washington, D.C. : International Monetary Fund, 2003-

    • v. ; cm. – (World economic and financial surveys, 0258-7440)

    • Twice a year.

    • Began in 2003.

    • Some issues have also thematic titles.

    1. Economic forecasting – Africa, Sub-Saharan – Periodicals. 2. Africa, Sub-Saharan — Economic conditions – 1960- – Periodicals. 3. Economic development – Africa, Sub-Saharan – Periodicals. I. Title: Sub-Saharan Africa. II. International Monetary Fund. III. Series: World economic and financial surveys.

    HC800.A1 R445

    ISBN-13 978-1-61635-061-1

    Please send orders to:

    International Monetary Fund, Publication Services

    PO Box 92780, Washington, DC 20090, U.S.A.

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    Contents

    Abbreviations

    AREAER

    Annual Report on Exchange Arrangements and Exchange Restrictions

    BRIC

    Brazil, Russia, India, and China

    CBOE

    Chicago Board Option Exchange

    CET

    Common External Tariff

    CFA

    Currency zone of CEMAC and WAEMU

    CIS

    Commonwealth of Independent States

    CPI

    Consumer price index

    CPIA

    Country Policy and Institutional Assessment

    CPIS

    Consolidated Portfolio Investment Survey

    EAC

    East African Community

    EM

    Emerging market

    EMBI

    Emerging Market Bond Index

    EME

    Emerging market economy

    FDI

    Foreign direct investment

    FM

    Frontier market

    G-7

    Group of seven industrialized nations

    GDP

    Gross domestic product

    LAC

    Latin America and the Caribbean

    LIC

    Low-income country

    MSCI

    Morgan Stanley Capital International

    MDG

    Millennium Development Goal

    MIC

    Middle income country

    MDRI

    Multilateral Debt Relief Initiative

    MNA

    Middle East and North Africa

    MSCI

    Morgan Stanley Capital International

    NEER

    Nominal effective exchange rate

    OECD

    Organisation for Economic Co-operation and Development

    PPP

    Public-private partnerships

    REER

    Real effective exchange rate

    REO

    Regional Economic Outlook

    SACU

    Southern African Customs Union

    SARB

    South Africa Reserve Bank

    SG

    Sustained growth

    SME

    Small and medium-sized enterprises

    SSA

    Sub-Saharan Africa

    TFP

    Total factor productivity

    VAT

    Value added tax

    WAEMU

    West African Economic and Monetary Union

    WEO

    World Economic Outlook

    The following conventions are used in this publication:

    • In tables, a blank cell indicates “not applicable,” ellipsis points (…) indicate “not available,” and 0 or 0.0 indicates “zero” or “negligible.” Minor discrepancies between sums of constituent figures and totals are due to rounding.

    • An en-dash (–) between years or months (for example, 2009–10 or January–June) indicates the years or months covered, including the beginning and ending years or months; a slash or virgule (/) between years or months (for example, 2005/06) indicates a fiscal or financial year, as does the abbreviation FY (for example, FY2006).

    • “Billion” means a thousand million; “trillion” means a thousand billion.

    • “Basis points” refer to hundredths of 1 percentage point (for example, 25 basis points are equivalent to ¼ of 1 percentage point).

    Preface

    This April 2011 issue of the Regional Economic Outlook: Sub-Saharan Africa (REO) was prepared by a team led by Abebe Aemro Selassie under the direction of Saul Lizondo. The team included Valerie Cerra, Hamid R. Davoodi, Shiv Dixit, Matthew Gaertner, Rodrigo Garcia-Verdu, Martine Guerguil, Duval Guimarães, Cleary Haines, Robert Keyfitz, Nir Klein, Maitland MacFarlan, Catherine McAuliffe, Alexis Meyer-Cirkel, Montfort Mlachila, Rogelio Morales, Maxwell Opoku-Afari, Laure Redifer, Sarah Sanya, Jon Shields, Alun Thomas, and Masafumi Yabara with editorial assistance from Jenny Kletzin DiBiase. Natasha Minges was responsible for document production, with assistance from Anne O’Donoghue. The editing and production was overseen by Joanne Blake and Martha Bonilla of the External Relations Department.

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