Front Matter

Front Matter

Author(s):
International Monetary Fund. African Dept.
Published Date:
October 2016
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    World Economic and Financial Surveys

    Regional Economic Outlook

    Sub-Saharan Africa Multispeed Growth

    OCT 16

    ©2016 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)

    Began in 2003.

    Some issues 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.R4 2016

    ISBN: 978-1-51359-597-9 (paper)

    ISBN: 978-1-47553-834-2 (Web PDF)

    The Regional Economic Outlook: Sub-Saharan Africa is published twice a year, in the spring and fall, to review developments in sub-Saharan Africa. Both projections and policy considerations are those of the IMF staff and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

    Publication orders may be placed online, by fax, or through the mail:

    International Monetary Fund, Publication Services

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

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

    E-mail : publications@imf.org

    www.imf.org

    www.elibrary.imf.org

    Contents

    Abbreviations

    ARC

    Africa Risk Capacity

    AREAER

    Annual Report on Exchange Arrangements and Exchange Restrictions

    BDC

    Bureau de Change

    CAT-DDO

    World Bank’s catastrophe deferred drawdown option

    CBN

    The Central Bank of Nigeria

    CCRT

    Catastrophe Containment and Relief Trust

    CEMAC

    Economic and Monetary Community of Central Africa

    CFA

    currency zone of CEMAC and WAEMU

    DAS

    Wholesale Dutch Auction System

    DEV

    developing countries

    ECF

    Extended Credit Facility

    EME

    emerging market economies

    EWS

    early warning systems

    FAO

    Food and Agriculture Organization of the United Nations

    FOCAC

    Forum on China Africa Cooperation

    FX

    foreign exchange

    GDDRR

    Global Facility for Disaster Reduction and Recovery

    GDP

    gross domestic product

    GRA

    General Resources Account

    ICRG

    International Country Risk Guide

    IFEM

    Interbank foreign exchange market

    IMF

    International Monetary Fund

    LEAP

    Livelihoods Early Assessment Protection

    LICs

    low-income countries

    NPLs

    nonperforming loans

    OLS

    ordinary least squares

    PCDR

    Post-Catastrophe Debt Relief

    PPP

    purchasing-power parity

    PSNP

    Productive Safety Net Program

    RCF

    Rapid Credit Facility

    REER

    real effective exchange rate

    REO

    Regional Economic Outlook (IMF)

    RFI

    Rapid Finance Instrument

    SDGs

    Sustainable Development Goals

    SSA

    Sub-Saharan Africa

    WAEMU

    West African Economic and Monetary Union

    WHO

    World Health Organization

    WEO

    World Economic Outlook (IMF)

    Acknowledgments

    This October 2016 issue of the Regional Economic Outlook: Sub-Saharan Africa (REO) was prepared by a team led by Céline Allard under the direction of Abebe Aemro Selassie.

    The team included Francisco Arizala, Mounir Bari, Marlon Francisco, Jesus Gonzalez-Garcia, Cleary Haines, Dalia Hakura, Ermal Hitaj, Mumtaz Hussain, Marshall Mills, Monique Newiak, Tobias Rasmussen, Vimal Thakoor, Charalambos Tsangarides, Arina Viseth, Tim Willems, Mustafa Yenice, and Jiayi Zhang.

    Specific contributions were made by Luisa Charry, Kerstin Gerling, Farayi Gwenhamo, Samir Jahjah, Romina Kazandjian, Lisa Kolovich, Yun Liu, Montfort Mlachila, Ian Parry, Mika Saito, Jing Wang, and Fan Yang.

    Natasha Minges was responsible for document production, with production assistance from Charlotte Vazquez. The editing and production were overseen by Linda Long of the Communications Department.

    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).

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