Front Matter

Author(s):
Céline Allard
Published Date:
May 2017
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World Economic and Financial Surveys

Regional Economic Outlook: Sub-Saharan Africa Restarting the Growth Engine

APR 17

©2017 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 2017

ISBN: 978-1-47557-446-3 (paper)

ISBN: 978-1-47557-498-2 (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

CEMAC

Economic and Monetary Community of Central Africa

BCEAO

Central Bank of West African States

BEAC

Bank of Central African States

CEMAC

Central African Economic and Monetary Community

EAC

East African Community

GDP

gross domestic product

HPIC

Heavily Indebted Poor Countries

IMF

International Monetary Fund

ILO

International Labour Organization

MIMIC

Multiple Indicator-Multiple Cause

OECD

Organisation for Economic Co-operation Development

PMM

Predictive Mean Matching

PPP

purchasing power parity

REO

Regional Economic Outlook (IMF)

SDGs

Sustainable Development Goals

SMEs

small and medium-sized enterprises

SSA

Sub-Saharan Africa

VAT

value-added tax

WAEMU

West African Economic and Monetary Union

WEO

World Economic Outlook (IMF)

Acknowledgments

This April 2017 issue of the Regional Economic Outlook: Sub-Saharan Africa (REO) was prepared by a team led by Céline Allard under the direction of David Robinson.

The team included Francisco Arizala, Romain Bouis, Mehmet Cangul, Hilary Devine, Jesus Gonzalez-Garcia, Cleary Haines, Mumtaz Hussain, Ali Mansoor, Leandro Medina, Nkunde Mwase, Monique Newiak, Maxwell Opoku-Afari, Cemile Sancak, Charalambos Tsangarides, Tim Willems, Frank Wu, and Mustafa Yenice.

Specific contributions were made by Luisa Charry, Wenjie Chen, Byung Kyoon Jang, Yun Liu, Daniela Marchettini, Manabu Nose, Alun Thomas, Arina Viseth, Torsten Wezel, Jiayi Zhang; and Aline Coudouel, Emma Monsalve (both from the World Bank).

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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