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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