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Adjustment for Growth
			: The African Experience

Adjustment for Growth : The African Experience »

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

DOI: http://dx.doi.org/10.5089/9781557755667.084

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Back Matter

Back Matter »

Source: Adjustment for Growth : The African Experience

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Front Matter

Front Matter »

Source: Adjustment for Growth : The African Experience

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Economic Adjustment in Low-Income Countries
			: Experience Under the Enhanced Structural Adjustment Facility

Economic Adjustment in Low-Income Countries : Experience Under the Enhanced Structural Adjustment Facility »

Series: Occasional Papers

Author(s): F. Rozwadowski , Siddharth Tiwari , David Robinson , and Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

DOI: http://dx.doi.org/10.5089/9781557753366.084

ISBN: 9781557753366

Keywords: current account, export prices, export volume, external debt, terms of trade

This paper evaluates progress made under ESAF-supported programs in attaining external viability, restoring economic growth, and implementing structural reforms. Performance is evaluated for 19 countries that enter...

Front Matter

Front Matter »

Source: Economic Adjustment in Low-Income Countries : Experience Under the Enhanced Structural Adjustment Facility

Series: Occasional Papers

Author(s): F. Rozwadowski , Siddharth Tiwari , David Robinson , and Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753366

Keywords: current account, export prices, export volume, external debt, terms of trade

This paper evaluates progress made under ESAF-supported programs in attaining external viability, restoring economic growth, and implementing structural reforms. Performance is evaluated for 19 countries that enter...

I. Introduction

I. Introduction »

Source: Economic Adjustment in Low-Income Countries : Experience Under the Enhanced Structural Adjustment Facility

Series: Occasional Papers

Author(s): F. Rozwadowski , Siddharth Tiwari , David Robinson , and Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753366

Keywords: current account, export prices, export volume, external debt, terms of trade

Following broadly satisfactory growth, inflation, and external performance during the 1960s and 1970s, many low-income countries encountered serious economic difficulties in the early 1980s. These problems f...

I Overview

I Overview »

Source: Adjustment for Growth : The African Experience

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

During the past two decades, sub-Saharan Africa has lagged behind other developing regions in economic performance. However, the important overall indicators of performance have masked wide differences among...

II Cross-Country Analysis

II Cross-Country Analysis »

Source: Adjustment for Growth : The African Experience

Series: Occasional Papers

Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 1996

ISBN: 9781557755667

Keywords: debt, interest, terms of trade, external debt, payments

The experience of sub-Saharan African countries in recent years has demonstrated that achieving gains in real per capita incomes requires more private saving and investment. 1 Non...

II. The Setting

II. The Setting »

Source: Economic Adjustment in Low-Income Countries : Experience Under the Enhanced Structural Adjustment Facility

Series: Occasional Papers

Author(s): F. Rozwadowski , Siddharth Tiwari , David Robinson , and Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753366

Keywords: current account, export prices, export volume, external debt, terms of trade

The economic and social structures of the 19 countries under review made them unusually vulnerable to adverse weather and world market conditions as well as poor domestic financial policies. Incomes per capi...

III. Financial and Structural Policies: The Broad Front for Reform

III. Financial and Structural Policies: The Broad Front for Reform »

Source: Economic Adjustment in Low-Income Countries : Experience Under the Enhanced Structural Adjustment Facility

Series: Occasional Papers

Author(s): F. Rozwadowski , Siddharth Tiwari , David Robinson , and Susan Schadler

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 June 1993

ISBN: 9781557753366

Keywords: current account, export prices, export volume, external debt, terms of trade

The exceptionally weak economic performance and structural characteristics of the ESAF countries meant that a wide range of policy changes and reforms were needed. Generally, programs aimed at containing exc...