Browse

You are looking at 1 - 10 of 92 items :

Clear All
Adjustment Programs in Africa
			: The Recent Experience

Adjustment Programs in Africa : The Recent Experience »

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

DOI: http://dx.doi.org/10.5089/9781557750563.084

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

This paper reviews recent experience of African countries in the design and implementation of adjustment programs supported by use of Fund resources....

Back Matter

Back Matter »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

This paper reviews recent experience of African countries in the design and implementation of adjustment programs supported by use of Fund resources....

Front Matter

Front Matter »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

This paper reviews recent experience of African countries in the design and implementation of adjustment programs supported by use of Fund resources....

I Introduction

I Introduction »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

1 The aggregate analysis covers primarily 1980 and 1981, while the case studies include results through the end of 1983. The paper is divided into seven parts. The...

II The Role of the Fund

II The Role of the Fund »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

2 At the beginning of 1980 there were 12 stand-by arrangements. The total amount approved under these arrangements was equivalent to SDR 455.2 million. Several arra...

III The Objectives of Programs

III The Objectives of Programs »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

The general objectives of adjustment programs supported by use of Fund resources are summarized in the Fund’s Articles of Agreement. These objectives include:...

IV Instruments and Policy Design

IV Instruments and Policy Design »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

Although there is general agreement on the objectives, each program is designed differently. There is no such thing as a “typical” Fund-supported adjustment program, although many articles have been written...

V Performance Under Programs

V Performance Under Programs »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

1981) discusses the problem in detail, focusing on three yardsticks: (1) the performance that would have been achieved without a program; (2) the performance in the previous year or series of pr...

VI Case Studies of Somalia and Mali

VI Case Studies of Somalia and Mali »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

10 which had Fund-supported programs during 1980–83. Somalia had a succession of three stand-by arrangements during this period, starting in 1980. Mali, by contrast...

VII Conclusion

VII Conclusion »

Source: Adjustment Programs in Africa : The Recent Experience

Series: Occasional Papers

Author(s): Saleh Nsouli , and Justin Zulu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 April 1985

ISBN: 9781557750563

Keywords: current account, balance of payments, current account deficit, debt service, domestic credit

Even though some African countries implemented adjustment programs effectively during 1980–81, generally adjustment efforts of African countries remained fairly limited. During this period, the economic cond...