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Budgetary Convergence in the WEAMU

Budgetary Convergence in the WEAMU »

Source: Budgetary Convergence in the WEAMU : Adjustment Through Revenue or Expenditure?

Volume/Issue: 2000/109

Series: IMF Working Papers

Author(s): Jean-Claude Nachega , and Ousmane Dore

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2000

ISBN: 9781451853209

Keywords: Convergence, Granger causality, Co-integration, Error-correction, expenditure, expenditures, public debt, budget deficit

A regional convergence pact adopted recently by the Conference of Heads of States of WAEMU provides a framework for fiscal convergence similar to the European Union’s Maastricht Treaty. Using bivariate co-in...

Experience with Budgetary Convergence in the WAEMU

Experience with Budgetary Convergence in the WAEMU »

Source: Experience with Budgetary Convergence in the WAEMU

Volume/Issue: 2002/108

Series: IMF Working Papers

Author(s): Paul Masson , and Ousmane Dore

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2002

ISBN: 9781451853117

Keywords: Convergence, Integration, terms of trade, fiscal balance, tax revenue, History of Thought: Macroeconomics, Hypothesis Testing, Estimation,

This paper reviews the experience of fiscal adjustment undertaken in the West African Economic and Monetary Union (WAEMU) countries since the entry into force of the 1994 treaty establishing the framework for a reg...

Fixed Base Year vs. Chain Linking in National Accounts

Fixed Base Year vs. Chain Linking in National Accounts »

Source: Fixed Base Year vs. Chain Linking in National Accounts : Experience of Sub-Saharan African Countries

Volume/Issue: 2016/133

Series: IMF Working Papers

Author(s): Robert Dippelsman , Venkat Josyula , and Eric Métreau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 2016

ISBN: 9781475569339

Keywords: System of National Accounts, chain linking, volume measures, fixed base year

There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African count...

Food Inflation in Sub-Saharan Africa

Food Inflation in Sub-Saharan Africa »

Source: Food Inflation in Sub-Saharan Africa : Causes and Policy Implications

Volume/Issue: 2016/247

Series: IMF Working Papers

Author(s): Emre Alper , Niko Hobdari , and Ali Uppal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2016

ISBN: 9781475563115

Keywords: South Africa, Seychelles, Sierra Leone, Rwanda, Senegal, Togo, Sub-Saharan Africa, Tanzania, Sudan, Swaziland

This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persiste...

A Governance Dividend for Sub-Saharan Africa?1

A Governance Dividend for Sub-Saharan Africa?1 »

Source: A Governance Dividend for Sub-Saharan Africa?

Volume/Issue: 2019/1

Series: IMF Working Papers

Author(s): Amine Hammadi , Marshall Mills , Nelson Sobrinho , Vimal Thakoor , and Ricardo Velloso

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 January 2019

ISBN: 9781484354872

Keywords: Zambia, Zimbabwe, Congo, Democratic Republic of the, Congo, Republic of, Rwanda, Senegal, Seychelles, Sierra Leone, South Africa, Sub-Saharan Africa

Countries in Sub-Saharan Africa (SSA) tend to lag those in most other regions in terms of governance and perceptions of corruption. Weak governance undermines economic performance through various channels, includin...

Growth Breaks and Growth Spells in Sub-Saharan Africa

Growth Breaks and Growth Spells in Sub-Saharan Africa »

Source: Growth Breaks and Growth Spells in Sub-Saharan Africa

Volume/Issue: 2017/202

Series: IMF Working Papers

Author(s): Francisco Arizala , Jesus Gonzalez-Garcia , Charalambos Tsangarides , and Mustafa Yenice

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 September 2017

ISBN: 9781484314166

Keywords: Africa, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros

This paper examines the growth performance of sub-Saharan African countries since 1960 through the lens of growth turning points (accelerations and decelerations) and periods of sustained growth (growth spells). Gr...

IMF Executive Board Completes First Review Under Togo’s PRGF Arrangement, and Approves Increase in Financial Support by US$29 million

IMF Executive Board Completes First Review Under Togo’s PRGF Arrangement, and Approves Increase in Financial Support by US$29 million »

Source: Togo : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Modification of Performance Criteria and Augmentation of Access: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Togo

Volume/Issue: 2008/346

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2008

ISBN: 9781451836646

Keywords: debt, budget, debt service, interest, external debt

This paper discusses key findings of the First Review Under the Poverty Reduction and Growth Facility for Togo. All relevant performance criteria for the first review were met, some by wide margins. Implementation...

IMF Executive Board Completes Sixth and Final Review Under the ECF Arrangement for Togo and Approves US$13.95 Million Disbursement

IMF Executive Board Completes Sixth and Final Review Under the ECF Arrangement for Togo and Approves US$13.95 Million Disbursement »

Source: Togo : 2011 Article IV Consultation and Sixth Review Under the Extended Credit Facility Arrangement: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Togo

Volume/Issue: 2011/240

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2011

ISBN: 9781462318353

Keywords: debt service, public debt, debt sustainability, external debt, current account

Togo's economic performance continued its gradual improvement, marking progress in overcoming the legacy of its protracted domestic crisis. The program has broadly achieved its objectives for growth and macroeconom...

IMF Executive Board Completes the Fifth Review under the ECF Arrangement and Approves US$34.6 Million Disbursement to Togo

IMF Executive Board Completes the Fifth Review under the ECF Arrangement and Approves US$34.6 Million Disbursement to Togo »

Source: Togo : Fifth Review under the Extended Credit Facility Arrangement-Press Release; Staff Report and Statement by the Executive Director for Togo

Volume/Issue: 2019/333

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2019

ISBN: 9781513518640

Keywords: External sector, Public debt, Economic growth, External debt, Domestic debt, ISCR, CR, public bank, overall fiscal deficit, primary balance

This paper discusses Togo's Fifth Review Under the Extended Credit Facility (ECF) Arrangement. The report highlights that the economic recovery seems to be taking hold. Inflation stood at 0.6 percent at end-July 20...

IMF Executive Board Completes the Fourth Review under the ECF Arrangement and Approves US$34 Million Disbursement to Togo

IMF Executive Board Completes the Fourth Review under the ECF Arrangement and Approves US$34 Million Disbursement to Togo »

Source: Togo : 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Togo

Volume/Issue: 2019/205

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2019

ISBN: 9781498323925

Keywords: Economic stabilization, Economic growth, Credit, Public investments, National income, WAEMU, performance criterion, percent of GDP, public bank, arrears

Economic activity has been recovering, driven by robust performance in the export and agricultural sectors. Fiscal consolidation efforts have continued; Togo complied with the WAEMU deficit convergence criteria in...