Front Matter

Front Matter

Author(s):
International Monetary Fund. African Dept.
Published Date:
October 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 also have 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 9781616351250

    Please send orders to:

    International Monetary Fund, Publication Services

    P.O. Box 92780, Washington, DC 20090 (U.S.A.)

    Tel.: (202) 623-7430 Telefax: (202) 623-7201

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    Contents

    Abbreviations

    ACET

    African Center for Economic Transformtion

    AIDS

    Almost Ideal Demand System

    AfDB

    African Development Bank

    AGOA

    Africa Growth and Opportunity Act

    AREAER

    Annual Report on Exchange Arrangements and Exchange Restrictions

    BIC

    Brazil, India, and China

    BRIC

    Brazil, Russia, India, and China

    CEIC

    Macroeconomic database for emerging and developed markets

    CFA

    Currency zone of CEMAC and WAEMU

    CIS

    Commonwealth of Independent States

    COMTRADE

    United Nations Commodity Trade Statistics Database

    CPI

    consumer price index

    CPIA

    Country Policy and Institutional Assessment

    CPIS

    Consolidated Portfolio Investment Survey

    DAC

    Development Assistance Committee

    EM

    emerging market

    EME

    emerging market economy

    ERS

    Economic Research Service

    ETCZ

    economic and trade cooperation zones

    EXPY

    Export sophistication

    FDI

    foreign direct investment

    FOCAC

    Forum on China-Africa Cooperation

    GDP

    gross domestic product

    GIC

    growth incidence curve

    HDI

    Human Development Index

    ICT

    information and communications technologies

    LAC

    Latin America and the Caribbean

    LIC

    low-income country

    M-PESA

    mobile phone electronic payment

    MSCI

    Morgan Stanley Capital International

    MDG

    millennium Development Goal

    MIC

    middle-income country

    MDRI

    Multilateral Debt Relief Initiative

    MENA

    Middle East and North Africa

    NEPAD

    New Partnership for Africa’s Development

    NGO

    nongovernmental organization

    OECD

    Organization for Economic Cooperation and Development

    OLS

    ordinary least squares

    REER

    real effective exchange rate

    REO

    Regional Economic Outlook

    SACU

    Southern African Customs Union

    SEZ

    special economic zone

    SME

    small and medium-sized enterprises

    SSA

    sub-Saharan Africa

    TFP

    total factor productivity

    UNCTAD

    United Nations Conference on Trade and Development

    UNDP

    United Nations Development Program

    USDA

    United States Department of Agriculture

    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).

    Acknowledgments

    This October 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 Paulo Drummond, Rodrigo Garcia-Verdu, Cleary Haines, Hui Jin, Robert Keyfitz, Maitland MacFarlan, Alexis Meyer-Cirkel, Montfort Mlachila, Luiz Edgard R. Oliveira, Gonzalo Salinas, Jon Shields, Alun Thomas, and Teresa Trasino. Specific contributions were made by Yemisrach Amare, Rahul Anand, Noriaki Kinoshita, Kaveh Majlesi, Saurabh Mishra, Sukhwinder Singh, Nicola Spatafora, and Misa Takebe; with editorial assistance from Jenny Kletzin DiBiase. Natasha Minges was responsible for document production, with assistance from Anne O’Donoghue and Charlotte Vazquez. Martha Bonilla of the External Relations Department edited the issue, and Michael Harrup managed the production.

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