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Chapter 4. The Fiscal Policy Challenges of Monetary Union in East Africa

Chapter 4. The Fiscal Policy Challenges of Monetary Union in East Africa »

Source: The Quest for Regional Integration in the East African Community

Series: Books

Author(s): Paulo Drummond , S. Wajid , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2015

ISBN: 9781484364413

Keywords: exchange, exchange rate, monetary policy, growth, markets

The establishment of a single East African currency is taking on an increased sense of urgency. 1 The East African Community (EAC) has established a high-level task force, and wor...

Chapter 12. Themes and Lessons from the Financial Sector Assessment Programs

Chapter 12. Themes and Lessons from the Financial Sector Assessment Programs »

Source: The Quest for Regional Integration in the East African Community

Series: Books

Author(s): Paulo Drummond , S. Wajid , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2015

ISBN: 9781484364413

Keywords: exchange, exchange rate, monetary policy, growth, markets

The recently completed IMF-World Bank Financial Sector Assessment Programs (FSAPs) for the partner countries of the East African Community (EAC) highlight the growing financial integration in the region....

Chapter 2. Transformation and Productivity: Comparison with Asia

Chapter 2. Transformation and Productivity: Comparison with Asia »

Source: Structural Transformation in Employment and Productivity : What Can Africa Hope For?

Series: Departmental Papers / Policy Papers

Author(s): Louise Fox , Alun Thomas , and Cleary Haines

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475583397

Keywords: Employment, Productivity, Structural adjustment, Structural transformation, Sub Saharan Africa

Productivity Transformation The employment and output data were combined to make assessments of the speed of structural adjustment in sub-Saharan Africa compared with Asian countries...

3. Combler le déficit d’infrastructures en Afrique subsaharienne

3. Combler le déficit d’infrastructures en Afrique subsaharienne »

Source: Regional Economic Outlook, October 2014: Sub Saharan Africa : Staying the Course

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

Language: French

ISBN: 9781498386777

Introduction et Résumé Le présent chapitre examine les efforts entrepris par les pays d’Afrique subsaharienne ces dernières années pour remédier au manque d’infrastru...

2. Comment l’Afrique subsaharienne peut-elle tirer parti du dividende démographique?

2. Comment l’Afrique subsaharienne peut-elle tirer parti du dividende démographique? »

Source: Regional Economic Outlook, April 2015 : Sub-Saharan Africa

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2015

Language: French

ISBN: 9781475595840

D’ici 2035, l’Afrique subsaharienne comptera plus d’habitants en âge de travailler (15–64 ans) que tout le reste de la planète (graphique 2.1). Cette tendance pourrait avoir des répercussions im...

2. Competitiveness in Sub-Saharan Africa: Marking Time or Moving Ahead?

2. Competitiveness in Sub-Saharan Africa: Marking Time or Moving Ahead? »

Source: Regional Economic Outlook, October 2015 : Sub-Saharan Africa

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2015

ISBN: 9781513597331

Keywords: Sub-Saharan Africa; commodity exporters; oil-exporting countries; competitiveness; trade integration; income inequality; gender inequality

In recent years the sub-Saharan African region has experienced strong real GDP growth and substantial trade integration. However, growth in sub-Saharan Africa’s trade volumes has not kept up with growth in t...

2. Compétitivité en Afrique subsaharienne: stagnation ou progression?

2. Compétitivité en Afrique subsaharienne: stagnation ou progression? »

Source: Regional Economic Outlook, October 2015 : Sub-Saharan Africa

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2015

Language: French

ISBN: 9781513562490

Keywords: Sub-Saharan Africa; commodity exporters; oil-exporting countries; competitiveness; trade integration; income inequality; gender inequality

Ces dernières années, l’Afrique subsaharienne a vu son PIB réel et son intégration commerciale progresser fortement. En volume, cependant, le commerce de la région a augmenté moins vite que le commerce mondi...

4. Conclusions

4. Conclusions »

Source: Toward a Monetary Union in the East African Community : Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms

Series: Departmental Papers / Policy Papers

Author(s): Paulo Drummond , Ari Aisen , Emre Alper , Ejona Fuli , and Sébastien Walker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2015

ISBN: 9781513562179

Keywords: Monetary unions, Burundi, Kenya, Rwanda, Tanzania, Uganda, East Africa, Economic growth, Agricultural sector, Natural resources

This paper identifies the degree of susceptibility of the EAC economies to asymmetric shocks; assesses the value of the exchange rate as a shock absorber for these countries; and reviews adjustment mechanism...

Conclusions

Conclusions »

Source: Monitoring and Managing Fiscal Risks in the East African Community

Series: Departmental Papers / Policy Papers

Author(s): Paolo Mauro , Herve Joly , Ari Aisen , Emre Alper , Francois Boutin-Dufresne , Jemma Dridi , Nikoloz Gigineishvili , Tom Josephs , Clara Mira , Vimal Thakoor , Alun Thomas , and Fan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 2015

ISBN: 9781513551265

Keywords: Burundi, East Africa, Fiscal risk, Infrastructure, Kenya, Public enterprises, Risk management, Rwanda, Tanzania, Uganda

Enhanced monitoring and management of fiscal risks would bring considerable benefits to all EAC partner countries—both individually and to the region as a whole—by reducing the scope for international spillo...

6. Conclusions

6. Conclusions »

Source: Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

Keywords: Fiscal analysis, Fiscal policy, Cyclical indicators, Sub-Saharan Africa, Oil exporting states, fiscal policy, sub-saharan Africa, oil exporters, financial markets,

Sub-Saharan African countries have in general run procyclical fiscal policies since 2000. This is not surprising in light of the fact that the majority of them are low-income and/or resource-dependent econom...