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Botswana
			: Technical Assistance Report-Report on Price Statistics Mission

Botswana : Technical Assistance Report-Report on Price Statistics Mission »

Volume/Issue: 2019/158

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2019

DOI: http://dx.doi.org/10.5089/9781498319065.002

ISBN: 9781498319065

Keywords: Price indexes, Gross domestic product, Price structures, Economic growth, Consumption, price data, PPI, CPI, rebasing, national account

A technical assistance (TA) mission was conducted by AFRITAC South (AFS)1 during February 4-15, 2019 in response to a request from Statistics Botswana (SB) to assist with updating the consumer price index (CPI) and...

Botswana
			: Technical Assistance Report-Report on the National Accounts Mission

Botswana : Technical Assistance Report-Report on the National Accounts Mission »

Volume/Issue: 2019/149

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2019

DOI: http://dx.doi.org/10.5089/9781498318044.002

ISBN: 9781498318044

Keywords: Financial statistics, Financial services industry, Statistics, Services industry, Consumer price indexes, rebase, national account, rebasing, rebased, economic census

A technical assistance (TA) mission was conducted by IMF's Regional Technical Assistance Center for Southern Africa (AFS)1 during February 25-March 8, 2019 to assist Statistics Botswana (SB) improve the quality of...

A Governance Dividend for Sub-Saharan Africa?

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

DOI: http://dx.doi.org/10.5089/9781484354872.001

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...

Botswana
			: Technical Assistance Report-Government Finance Statistics

Botswana : Technical Assistance Report-Government Finance Statistics »

Volume/Issue: 2018/348

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

DOI: http://dx.doi.org/10.5089/9781484387887.002

ISBN: 9781484387887

Keywords: Sub-Saharan Africa, Botswana

In response to a request for IMF technical assistance (TA) made by the Botswana authorities and in consultation with the IMF's African Department, a government finance statistics (GFS) TA mission from the IMF's St...

Botswana
			: Technical Assistance Report-Government Finance Statistics

Botswana : Technical Assistance Report-Government Finance Statistics »

Volume/Issue: 2018/349

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

DOI: http://dx.doi.org/10.5089/9781484387955.002

ISBN: 9781484387955

Keywords: Botswana, Sub-Saharan Africa

In response to a request for IMF technical assistance (TA) made by the Botswana authorities and in consultation with the IMF's African Department, a government finance statistics (GFS) TA mission from the IMF's St...

Botswana
			: Technical Assistance Report-Government Finance Statistics

Botswana : Technical Assistance Report-Government Finance Statistics »

Volume/Issue: 2018/350

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2018

DOI: http://dx.doi.org/10.5089/9781484388013.002

ISBN: 9781484388013

Keywords: Sub-Saharan Africa, Botswana

A Government Finance Statistics (GFS) technical assistance (TA) mission visited Gaborone, Botswana, during October 9-20, 2017 to support the Botswana Ministry of Finance and Economic Development (MFED) in improving...

Botswana
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

Botswana : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana »

Volume/Issue: 2018/268

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 September 2018

DOI: http://dx.doi.org/10.5089/9781484375426.002

ISBN: 9781484375426

Keywords: Sub-Saharan Africa, Botswana

In recent years, sizable buffers and prudent policies have kept the economy stable despite diamond market weakness and volatility. Nevertheless, the diamond cum public sector-led development model has shown its lim...

Regional Spillovers in Sub-Saharan Africa
			: Exploring Different Channels

Regional Spillovers in Sub-Saharan Africa : Exploring Different Channels »

Volume/Issue: 2018/1

Series: Spillover Notes

Author(s): Francisco Arizala , Matthieu Bellon , Margaux MacDonald , Montfort Mlachila , and Mustafa Yenice

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2018

DOI: http://dx.doi.org/10.5089/9781484367148.062

ISBN: 9781484367148

Keywords: Uganda, Togo, Tanzania, Swaziland, South Sudan, Spillovers, Sub-Saharan Africa, Sierra Leone, Congo, Republic of, Congo, Democratic Republic of the

After close to two decades of strong economic activity, overall growth in sub-Saharan Africa decelerated markedly in 2015-16 as the largest economies experienced negative or flat growth. Regional growth started rec...

Lessons for Effective  Fiscal Decentralization in  Sub-Saharan Africa

Lessons for Effective Fiscal Decentralization in Sub-Saharan Africa »

Volume/Issue: 2018/10

Series: Departmental Papers / Policy Papers

Author(s): Niko Hobdari , Vina Nguyen , Salvatore Dell'Erba , and Edgardo Ruggiero

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

DOI: http://dx.doi.org/10.5089/9781484358269.087

ISBN: 9781484358269

Keywords: Kenya, Ghana, Guinea, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius

Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Aga...

Public Investment Efficiency in Sub-Saharan African Countries

Public Investment Efficiency in Sub-Saharan African Countries »

Volume/Issue: 2018/9

Series: Departmental Papers / Policy Papers

Author(s): Karim Barhoumi , Ha Vu , Shirin Nikaein Towfighian , and Rodolfo Maino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2018

DOI: http://dx.doi.org/10.5089/9781484360019.087

ISBN: 9781484360019

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

There is significant room to improve public investment efficiency in sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-à-vis peers such as emerging and developing Asia as well as Latin...

Monetary Policy in Sub-Saharan Africa

Monetary Policy in Sub-Saharan Africa »

Series: Books

Author(s): Andrew Berg , and Rafael Portillo

Publisher: Oxford University Press

Publication Date: 27 April 2018

DOI: http://dx.doi.org/10.5089/9780198785811.071

ISBN: 9780198785811

Keywords: Monetary policy, Sub-Saharan Africa

Monetary policy in sub-Sahara Africa (SSA) has undergone an important transformation in recent decades. With the advent of sustained growth and generally stable fiscal policies in much of the region, many countries...

Medium-Term Budget Frameworks in Sub-Saharan African Countries

Medium-Term Budget Frameworks in Sub-Saharan African Countries »

Volume/Issue: 2017/203

Series: IMF Working Papers

Author(s): Richard Allen , Taz Chaponda , Lesley Fisher , and Rohini Ray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2017

DOI: http://dx.doi.org/10.5089/9781484314203.001

ISBN: 9781484314203

Keywords: Zambia, Congo, Republic of, Congo, Democratic Republic of the, Zimbabwe, Uganda, Togo, Tanzania, Sudan, Swaziland, Sub-Saharan Africa

More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the per...

Growth Breaks and Growth Spells in Sub-Saharan Africa

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

DOI: http://dx.doi.org/10.5089/9781484314166.001

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...

Botswana
			: 2017 Article IV Consultation-Press Release; Staff Report

Botswana : 2017 Article IV Consultation-Press Release; Staff Report »

Volume/Issue: 2017/249

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 August 2017

DOI: http://dx.doi.org/10.5089/9781484314814.002

ISBN: 9781484314814

Keywords: Sub-Saharan Africa, Botswana

Botswana's economic performance over the past two decades has been impressive, allowing the country to move quickly from low to upper-middle income status. The authorities have pursued prudent economic policies and...

Botswana
			: Selected Issues

Botswana : Selected Issues »

Volume/Issue: 2017/250

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 August 2017

DOI: http://dx.doi.org/10.5089/9781484314906.002

ISBN: 9781484314906

Keywords: Botswana, Sub-Saharan Africa

Selected Issues...

Botswana
			: Technical Assistance Report-Public Investment Management Assessment

Botswana : Technical Assistance Report-Public Investment Management Assessment »

Volume/Issue: 2017/188

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 July 2017

DOI: http://dx.doi.org/10.5089/9781484307489.002

ISBN: 9781484307489

Keywords: Botswana, Sub-Saharan Africa

Botswana's public investment has been consistently high for the past 25 years coupled with prudent fiscal policy and moderate debt at around 10 percent of GDP. Prudent management of public finances has allowed enou...

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

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

Volume: 17

Series: Departmental Papers / Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

DOI: http://dx.doi.org/10.5089/9781475583397.087

ISBN: 9781475583397

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

This paper provides the most complete analysis of the structural transformation among low- and low-middle-income countries in sub-Saharan Africa to date....

Botswana
			: Technical Assistance Report-Banking Sector Safety Net and Crisis Management

Botswana : Technical Assistance Report-Banking Sector Safety Net and Crisis Management »

Volume/Issue: 2017/49

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Monetary and Capital Markets Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2017

DOI: http://dx.doi.org/10.5089/9781475578720.002

ISBN: 9781475578720

Keywords: Botswana, Sub-Saharan Africa

This Technical Assistance Report evaluates the banking sector safety net and crisis management in Botswana. The current legislative framework guiding bank resolution and financial sector crisis management is weak,...

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

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

DOI: http://dx.doi.org/10.5089/9781475563115.001

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...

Sub-Saharan African Migration
			: Patterns and Spillovers

Sub-Saharan African Migration : Patterns and Spillovers »

Volume/Issue: 2016/09

Series: Spillover Notes

Author(s): Jesus Gonzalez-Garcia , Ermal Hitaj , Montfort Mlachila , Arina Viseth , and Mustafa Yenice

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 November 2016

DOI: http://dx.doi.org/10.5089/9781475546668.062

ISBN: 9781475546668

Keywords: Togo, Tanzania, Uganda, Swaziland, Spillovers, Sub-Saharan Africa, Rwanda, Senegal, Seychelles, Sierra Leone

Amid rapid population growth, migration in sub-Saharan Africa has been increasing briskly over the last 20 years. Up to the 1990s, the stock of migrants-citizens of one country living in another country-was dominat...

Financial Development in Sub-Saharan Africa
			: Promoting Inclusive and Sustainable Growth

Financial Development in Sub-Saharan Africa : Promoting Inclusive and Sustainable Growth »

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Montfort Mlachila , Ahmat Jidoud , Monique Newiak , Bozena Radzewicz-Bak , and Misa Takebe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 September 2016

DOI: http://dx.doi.org/10.5089/9781475532401.087

ISBN: 9781475532401

Financial Development in Sub-Saharan Africa...

Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries

Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries »

Volume: 16

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

DOI: http://dx.doi.org/10.5089/9781513563541.087

ISBN: 9781513563541

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

Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of f...

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

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

DOI: http://dx.doi.org/10.5089/9781475569339.001

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...

Women's Opportunities and Challenges in Sub-Saharan African Job Markets

Women's Opportunities and Challenges in Sub-Saharan African Job Markets »

Volume/Issue: 2016/118

Series: IMF Working Papers

Author(s): Christine Dieterich , Anni Huang , and Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2016

DOI: http://dx.doi.org/10.5089/9781484388518.001

ISBN: 9781484388518

Keywords: Multi-sector Labor Market, Agriculture Feminization, Female Informal Employment, Household Enterprise Employment, SSA Labor Market

As labor market data is scarce in Sub-Saharan Africa (SSA), this paper uses household survey data to analyze the determinants of the gender gap in the labor market and its welfare implications for five SSA countrie...

Inequality, Gender Gaps and Economic Growth
			: Comparative Evidence for Sub-Saharan Africa

Inequality, Gender Gaps and Economic Growth : Comparative Evidence for Sub-Saharan Africa »

Volume/Issue: 2016/111

Series: IMF Working Papers

Author(s): Dalia Hakura , Mumtaz Hussain , Monique Newiak , Vimal Thakoor , and Fan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 June 2016

DOI: http://dx.doi.org/10.5089/9781484382349.001

ISBN: 9781484382349

Keywords: Income inequality, gender inequality, economic growth, and sub-Saharan Africa

A growing body of empirical evidence suggests that inequality-income or gender related-can impede economic growth. Using dynamic panel regressions and new time series data, this paper finds that both income and gen...

Botswana
			: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana

Botswana : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Botswana »

Volume/Issue: 2016/103

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 April 2016

DOI: http://dx.doi.org/10.5089/9781484323489.002

ISBN: 9781484323489

Keywords: budget, investment, monetary fund, public investment, exchange

This paper presents an overview of Botswana's economy. Botswana's diamond endowment-along with its track record of good macroeconomic policy management and political stability-contributed to high average economic g...

Macroeconomic Stability in Resource-Rich Countries

Macroeconomic Stability in Resource-Rich Countries »

Volume/Issue: 2016/36

Series: IMF Working Papers

Author(s): Elva Bova , Paulo Medas , and Tigran Poghosyan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 February 2016

DOI: http://dx.doi.org/10.5089/9781475596465.001

ISBN: 9781475596465

Keywords: resource-rich countries, procyclical fiscal policy, commodity, prices, price, fiscal policy, General, Models with Panel Data, All Countries,, Natural resources

Resource-rich countries face large and persistent shocks, especially coming from volatile commodity prices. Given the severity of the shocks, it would be expected that these countries adopt countercyclical fiscal p...

Africa on the Move
			: Unlocking the Potential of Small Middle-Income States

Africa on the Move : Unlocking the Potential of Small Middle-Income States »

Series: Books

Author(s): Lamin Leigh , and Ali Mansoor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 January 2016

DOI: http://dx.doi.org/10.5089/9781513588605.071

ISBN: 9781513588605

Keywords: Economic growth, Infrastructure, Macroprudential policies and financial stability, Economic development, Poverty eradication, environment, employment, bank, unemployment, labor

This book describes the reforms needed to move small middle-income countries in sub-Saharan Africa to advanced-economy status. The result of intense discussions with public officials in the countries covered, the b...

Regional Economic Outlook, October 2015
			: Sub-Saharan Africa

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

DOI: http://dx.doi.org/10.5089/9781513562490.086

ISBN: 9781513562490

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

Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by fall...

Regional Economic Outlook, October 2015
			: Sub-Saharan Africa

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

DOI: http://dx.doi.org/10.5089/9781513597331.086

ISBN: 9781513597331

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

Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by fall...

Distribución directa de los ingresos provenientes de recursos naturales
			: ¿vale la pena considerarla?

Distribución directa de los ingresos provenientes de recursos naturales : ¿vale la pena considerarla? »

Volume/Issue: 2014/5

Series: Staff Discussion Notes

Author(s): Sanjeev Gupta , Alex Segura-Ubiergo , and Enrique Flores

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2015

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781513592626.006

ISBN: 9781513592626

Keywords: Recursos naturales, Ingreso, Distribución del ingreso, Política fiscal

Algunos académicos han sostenido que la distribución directa a la población de ingresos públicos provenientes de recursos naturales ayudaría a los países ricos en recursos naturales a escapar de la 'maldición de l...

On the Drivers of Inflation in Sub-Saharan Africa

On the Drivers of Inflation in Sub-Saharan Africa »

Volume/Issue: 2015/189

Series: IMF Working Papers

Author(s): Anh Nguyen , Jemma Dridi , Filiz Unsal , and Oral Williams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2015

DOI: http://dx.doi.org/10.5089/9781513583013.001

ISBN: 9781513583013

Keywords: Global VAR (GVAR), supply, supply shocks, demand, Time-Series Models, Monetary Policy (Targets, Instruments, and Effects), General, Sub-Saharan Africa.,

The perception that inflation dynamics in Sub-Saharan Africa (SSA) are driven by supply shocks implies a limited role for monetary policy in influencing inflation in the short run. SSA's rapid growth, its integrati...

Transforming Non-Renewable Resource Economies (NREs)

Transforming Non-Renewable Resource Economies (NREs) »

Volume/Issue: 2015/171

Series: IMF Working Papers

Author(s): Bill Battaile , and Saurabh Mishra

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 July 2015

DOI: http://dx.doi.org/10.5089/9781513573571.001

ISBN: 9781513573571

Keywords: resource curse, diversification, income, productivity, gdp, development, Global Outlook, General,

This paper provides an empirical benchmarking of growth, productivity and export patterns for developing NREs against other low and middle income developing countries, to inform policy discussions and future analyt...

Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries?
			: Evidence from a Panel of Countries

Do Resource Windfalls Improve the Standard of Living in Sub-Saharan African Countries? : Evidence from a Panel of Countries »

Volume/Issue: 2015/83

Series: IMF Working Papers

Author(s): Munseob Lee , and Cheikh Gueye

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2015

DOI: http://dx.doi.org/10.5089/9781484336397.001

ISBN: 9781484336397

Keywords: gdp, development, Models with Panel Data, General, Macroeconomic Analyses of Economic Development, Exhaustible Resources and Economic Development, Resource Booms, Government Policy,

We examine the impact of resource windfall on the standard of living both in the short-run and long-run, using a sample of 130 countries, 1963-2007. Then, we systematically investigate the effect of resource windfa...

Regional Economic Outlook, April 2015
			: Sub-Saharan Africa

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

DOI: http://dx.doi.org/10.5089/9781475595840.086

ISBN: 9781475595840

The sharp decline in oil and other commodity prices have adversely impacted sub-Saharan Africa. Nevertheless, the region is projected to register another year of solid economic performance. In South Africa, however...

Increasing Productivity Growth in Middle Income Countries

Increasing Productivity Growth in Middle Income Countries »

Volume/Issue: 2015/2

Series: IMF Working Papers

Author(s): Aidar Abdychev , La-Bhus Fah Jirasavetakul , Andrew Jonelis , Lamin Leigh , Ashwin Moheeput , Friska Parulian , Ara Stepanyan , and Albert Touna Mama

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2015

DOI: http://dx.doi.org/10.5089/9781484328439.001

ISBN: 9781484328439

Keywords: Growth, potential growth&;amp;#x2026;, environment, debt, productivity growth, economics, trade, Forecasting and Other Model Applications, Forecasting and Simulation, One

Many small middle-income countries (SMICs) in sub-Saharan Africa (SSA) have experienced a moderation in growth in recent years. Although factor accumulation, most notably capital deepening, was crucial to the succe...

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

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

DOI: http://dx.doi.org/10.5089/9781498386777.086

ISBN: 9781498386777

Growth in much of Sub-Saharan Africa is expected to remain strong, driven by efforts to invest in infrastructure and strong agricultural production. The current Ebola outbreak in Guinea, Liberia, and Sierra Leone i...

International Monetary Fund Annual Report 2014
			: From stabilization to sustainable growth

International Monetary Fund Annual Report 2014 : From stabilization to sustainable growth »

Series: Annual Report of the Executive Board

Author(s): International Monetary Fund. Secretary's Department

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 October 2014

DOI: http://dx.doi.org/10.5089/9781498315357.011

ISBN: 9781498315357

Keywords: Annual reports, Administrative and Capital budgets, Bilateral surveillance, External training programs, Executive Board, Financial sector surveillance, IMF, IMF Finance, IMF Lending, Fund budget

Seven years after the onset of the global financial crisis, the world still has a way to go to secure a sustainable recovery marked by strong growth that supports rapid job creation and benefits all, International...

A Quality of Growth Index for Developing Countries
			: A Proposal

A Quality of Growth Index for Developing Countries : A Proposal »

Volume/Issue: 2014/172

Series: IMF Working Papers

Author(s): Montfort Mlachila , Rene Tapsoba , and Sampawende Tapsoba

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2014

DOI: http://dx.doi.org/10.5089/9781498379274.001

ISBN: 9781498379274

Keywords: Quality of growth, primary school, primary school completion rate, primary school completion, pro-poor, General, General, Measurement and Analysis of Poverty,

This paper proposes a new quality of growth index (QGI) for developing countries. The index encompasses both the intrinsic nature and social dimensions of growth, and is computed for over 90 countries for the perio...

Africa Rising
			: Harnessing the Demographic Dividend

Africa Rising : Harnessing the Demographic Dividend »

Volume/Issue: 2014/143

Series: IMF Working Papers

Author(s): Paulo Drummond , Vimal Thakoor , and Shu Yu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 August 2014

DOI: http://dx.doi.org/10.5089/9781498379878.001

ISBN: 9781498379878

Keywords: Demographic Dividend, Economic Growth, Sub-Saharan Africa, Panel Estimates, working age population, gdp per capita, demographic transition, growth rate, Models with Panel Data, Demographic Trends and Forecasts

Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly ha...

Botswana
			: Staff Report for the 2014 Article IV Consultation

Botswana : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/204

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 July 2014

DOI: http://dx.doi.org/10.5089/9781498337922.002

ISBN: 9781498337922

Keywords: exchange rate, current account balance, effective exchange rate, balance of payments, real effective exchange rate, Press releasse,

KEY ISSUES Setting: The seeds of good governance and prudent macroeconomic and natural resources management planted by the Botswana authorities paid off with an impressive increase in the GDP per capita during the...

Botswana
			: Technical Assistance Report-Introducing a Medium-Term Expenditure Framework

Botswana : Technical Assistance Report-Introducing a Medium-Term Expenditure Framework »

Volume/Issue: 2014/162

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Fiscal Affairs Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2014

DOI: http://dx.doi.org/10.5089/9781498302166.002

ISBN: 9781498302166

Keywords: expenditure, mtef, mtff, medium-term expenditure framework, aggregate expenditure

This Technical Assistance Report focuses on Botswana's Medium-term Expenditure Framework (MTEF). The Government of Botswana has committed to introduce the MTEF by 2016. The MTEF will provide a more explicit linkage...

Réforme des subventions énergétiques en Afrique subsaharienne
			: expériences et enseignements

Réforme des subventions énergétiques en Afrique subsaharienne : expériences et enseignements »

Volume: 13

Series: Departmental Papers / Policy Papers

Author(s): Trevor Alleyne , and Mumtaz Hussain

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 May 2014

Language: French

DOI: http://dx.doi.org/10.5089/9781475559187.087

ISBN: 9781475559187

Keywords: Energy sector, Sub-Saharan Africa, Energy taxes, Subsidies, Electric power, Gasoline prices, Oil prices, Fiscal reforms, Cross country analysis, electricity

The reform of energy subsidies is an important but challenging issue for sub-Saharan African (SSA) countries. There is a relatively large theoretical and empirical literature on this issue. While this paper relies...

Regional Economic Outlook, April 2014: Sub-Saharan Africa
			: Fostering Inclusive Growth

Regional Economic Outlook, April 2014: Sub-Saharan Africa : Fostering Inclusive Growth »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: French

DOI: http://dx.doi.org/10.5089/9781475578942.086

ISBN: 9781475578942

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent econo...

Regional Economic Outlook, April 2014, Sub-Saharan Africa
			: Fostering Durable and Inclusive Growth

Regional Economic Outlook, April 2014, Sub-Saharan Africa : Fostering Durable and Inclusive Growth »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

DOI: http://dx.doi.org/10.5089/9781484342886.086

ISBN: 9781484342886

Keywords: inflation, exchange rate, exchange rate pegs, central bank

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent econo...

Managing Income Tax Compliance through Self-Assessment

Managing Income Tax Compliance through Self-Assessment »

Volume/Issue: 2014/41

Series: IMF Working Papers

Author(s): Andrew Okello

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 March 2014

DOI: http://dx.doi.org/10.5089/9781475515237.001

ISBN: 9781475515237

Keywords: self-assessment, tax return, tax officials, tax administrations, General, Personal Income and Other Nonbusiness Taxes and Subsidies, Business Taxes and Subsidies,

Modern tax administrations seek to optimize tax collections while minimizing administration costs and taxpayer compliance costs. Experience shows that voluntary compliance is best achieved through a system of self-...

Namibia
			: Selected Issues

Namibia : Selected Issues »

Volume/Issue: 2014/41

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 February 2014

DOI: http://dx.doi.org/10.5089/9781475580396.002

ISBN: 9781475580396

Keywords: Financial stability, Economic growth, Productivity, Political economy, Namibia, Selected issues, Fiscal reforms, tfp, labor market, labor force

This Selected Issues paper analyzes policies that can raise potential growth in small middle-income countries (SMICs) of sub-Saharan Africa (SSA). The findings suggest that although macroeconomic stability and trad...

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies »

Volume/Issue: 2014/19

Series: IMF Working Papers

Author(s): Francesco Grigoli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2014

DOI: http://dx.doi.org/10.5089/9781484398241.001

ISBN: 9781484398241

Keywords: Education expenditure, efficiency, hybrid, developing economies, emerging economies, education spending, expenditure, educational outcomes, Health Production: Nutrition, Mortality

The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has proven challenging. This paper seeks to overcome the difficulties of earlier studies by using a hybr...

Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries

Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries »

Volume/Issue: 2014/5

Series: IMF Working Papers

Author(s): Ernesto Crivelli , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2014

DOI: http://dx.doi.org/10.5089/9781484351178.001

ISBN: 9781484351178

Keywords: resource revenue, taxation, tax effort, fiscal affairs, General, Resource Booms, Government Policy,

This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non resource) tax reve...

Expansion, récession ou prospérité? L'exploitation des richesses naturelles en Afrique subsaharienne

Expansion, récession ou prospérité? L'exploitation des richesses naturelles en Afrique subsaharienne »

Volume: 13

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren , Alun Thomas , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 December 2013

Language: French

DOI: http://dx.doi.org/10.5089/9781484374443.087

ISBN: 9781484374443

Keywords: oil, minerals, fiscal framework, governance, resource curse, Dutch disease, taxation, investment efficiency, capacity, extractive industries

Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African...

Sovereign Wealth Funds
			: Aspects of Governance Structures and Investment Management

Sovereign Wealth Funds : Aspects of Governance Structures and Investment Management »

Volume/Issue: 2013/231

Series: IMF Working Papers

Author(s): Abdullah Al-Hassan , Michael Papaioannou , Martin Skancke , and Cheng Chih Sung

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 November 2013

DOI: http://dx.doi.org/10.5089/9781475518610.001

ISBN: 9781475518610

Keywords: governance structure, investment management, macroeconomic coordination, investment strategy, investment strategies, Portfolio Choice,

This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation an...

Perspectives économiques régionales, Oct 13
			: Afrique subsaharienne Maintenir le rythme

Perspectives économiques régionales, Oct 13 : Afrique subsaharienne Maintenir le rythme »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2013

Language: French

DOI: http://dx.doi.org/10.5089/9781484369470.086

ISBN: 9781484369470

Keywords: frontier markets, exchange rate, capital inflows, debt, private capital, portfolio flows, balance of payments, structural reforms, exchange rate pegs, foreign exchange

The October 2013 Regional Economic Outlook: Sub-Saharan Africa provides a comprehensive report on the prospects for growth in the region, as well as the major risks to the outlook. Generally, growth is expected to...

Boom, Bust or Prosperity? Managing Sub-Saharan Africa's Natural Resource Wealth

Boom, Bust or Prosperity? Managing Sub-Saharan Africa's Natural Resource Wealth »

Volume: 13

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren , Alun Thomas , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 October 2013

Language: Portuguese

DOI: http://dx.doi.org/10.5089/9781484397466.087

ISBN: 9781484397466

Keywords: oil, minerals, fiscal framework, governance, resource curse, Dutch disease, taxation, investment efficiency, capacity, extractive industries

Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African...

Africa's Got Work to Do
			: Employment Prospects in the New Century

Africa's Got Work to Do : Employment Prospects in the New Century »

Volume/Issue: 2013/201

Series: IMF Working Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2013

DOI: http://dx.doi.org/10.5089/9781484389195.001

ISBN: 9781484389195

Keywords: wage employment, household enterprises, labor, General, Labor Force and Employment, Size, and Structure, Sub-Saharan Africa.,

Estimates of the current and future structure of employment in sub-Saharan Africa (2005–20) are obtained based on household survey estimates for 28 countries and an elasticity-type model that relates employm...

Botswana
			: 2013 Article IV Consultation

Botswana : 2013 Article IV Consultation »

Volume/Issue: 2013/296

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2013

DOI: http://dx.doi.org/10.5089/9781484343111.002

ISBN: 9781484343111

Keywords: balance of payments, output growth, current account balance, external position, imported goods

This paper discusses 2013 Article IV Consultation highlights slower economic performance and financial risks in Botswana. The output growth is expected to remain broadly unchanged in 2013 as strong nonmining sector...

Botswana
			: 2013 Selected Issues

Botswana : 2013 Selected Issues »

Volume/Issue: 2013/297

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 September 2013

DOI: http://dx.doi.org/10.5089/9781484394595.002

ISBN: 9781484394595

Keywords: employment, public employment, unemployment, labor market, private employment

This Selected Issues paper examines fiscal policy implications for labor market and economic diversification in Botswana. The IMF report analyzes that large public employment significantly affect labor market outco...

Boom, Bust, or Prosperity? Managing Sub-Saharan Africa's Natural Resource Wealth

Boom, Bust, or Prosperity? Managing Sub-Saharan Africa's Natural Resource Wealth »

Volume: 13

Series: Departmental Papers / Policy Papers

Author(s): Charlotte Lundgren , Alun Thomas , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 August 2013

DOI: http://dx.doi.org/10.5089/9781475507379.087

ISBN: 9781484369326

Keywords: Natural resources, Fiscal policy, Fiscal sustainability, Public investment, Tax revenues, Transparency, Tax administration, Sub-Saharan Africa, natural resource, extractive industries

Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African...

Perspectives économiques régionales, Mai 13
			: Afrique subsaharienne Créer une dynamique dans une économie mondiale à plusieurs vitesses

Perspectives économiques régionales, Mai 13 : Afrique subsaharienne Créer une dynamique dans une économie mondiale à plusieurs vitesses »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2013

Language: French

DOI: http://dx.doi.org/10.5089/9781484345030.086

ISBN: 9781484345030

Keywords: bond, bonds, sovereign bonds, sovereign bond, exchange rate, public debt, inflation, exchange rate pegs, debt sustainability, debt relief

Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to around...

Building a Common Future in Southern Africa

Building a Common Future in Southern Africa »

Series: Books

Author(s): Joannes Mongardini , Tamon Asonuma , Olivier Basdevant , Alfredo Cuevas , Xavier Debrun , Lars Engstrom , Imelda Flores Vazquez , Vitaliy Kramarenko , Lamin Leigh , Paul Masson , and Genevieve Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2013

DOI: http://dx.doi.org/10.5089/9781616353995.071

ISBN: 9781616353995

Keywords: monetary policy, inflation, unemployment rate, rules

The Southern African Customs Union (SACU) is the oldest customs union in the world, with significant opportunities ahead for creating higher economic growth and increased welfare benefits to the people of the regio...

The Quality of the Recent High-Growth Episode in Sub-Saharan Africa

The Quality of the Recent High-Growth Episode in Sub-Saharan Africa »

Volume/Issue: 2013/53

Series: IMF Working Papers

Author(s): Marcelo Martinez , and Montfort Mlachila

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 February 2013

DOI: http://dx.doi.org/10.5089/9781475551426.001

ISBN: 9781475551426

Keywords: Quality of growth, real gdp, school enrollment, gdp growth, life expectancy, General, Measurement and Analysis of Poverty,

The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how...

Bond Markets in Africa

Bond Markets in Africa »

Volume/Issue: 2013/12

Series: IMF Working Papers

Author(s): Yibin Mu , Peter Phelps , and Janet Stotsky

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 January 2013

DOI: http://dx.doi.org/10.5089/9781475527148.001

ISBN: 9781475527148

Keywords: African bond markets, corporate bonds, bond, bond market, corporate bond, bonds, General, Government Policy and Regulation,

African bond markets have been steadily growing in recent years, but nonetheless remain undeveloped. African countries would benefit from greater access to financing and deeper financial markets. This paper compile...

Inequalities and Growth in the Southern African Customs Union (SACU) Region

Inequalities and Growth in the Southern African Customs Union (SACU) Region »

Volume/Issue: 2012/290

Series: IMF Working Papers

Author(s): Olivier Basdevant , Dalmacio Benicio , and Yorbol Yakhshilikov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 December 2012

DOI: http://dx.doi.org/10.5089/9781616359386.001

ISBN: 9781616359386

Keywords: Growth, Inequalities, SACU, human capital, income inequalities, gini, gini coefficient,

This paper applies the work of Berg and Ostry (2011) to the SACU region, to identify how inequalities have played a role in growth in each of these countries, and elaborates policy options to mitigate the effects o...

Botswana
			: Selected Issues

Botswana : Selected Issues »

Volume/Issue: 2012/235

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2012

DOI: http://dx.doi.org/10.5089/9781475504897.002

ISBN: 9781475504897

Keywords: income inequalities, gini coefficient, child labor, redistributive policies, social safety

Poverty and unemployment remained high in Botswana. The shortcomings of the labor market policies are responsible for a high unemployment rate. This selected issues paper sheds considerable light on ways that Botsw...

Botswana
			: Staff Report for the 2012 Article IV Consultation

Botswana : Staff Report for the 2012 Article IV Consultation »

Volume/Issue: 2012/234

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 August 2012

DOI: http://dx.doi.org/10.5089/9781475504880.002

ISBN: 9781475504880

Keywords: tax incentives, fiscal balance

The major trends in terms of GDP growth rates, conditions of market forces, and the core inflation crisis in Botswana are analyzed in detail in the report. It has been suggested that although the recovery from the...

Perspectives économiques régionales, Avril 12
			: Afrique subsaharienne: Entretenir la croissance dans un climat mondial d'incertitude

Perspectives économiques régionales, Avril 12 : Afrique subsaharienne: Entretenir la croissance dans un climat mondial d'incertitude »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2012

Language: French

DOI: http://dx.doi.org/10.5089/9781616353834.086

ISBN: 9781616353834

Keywords: exchange rate, exporters, exchange rate pegs, banking, inflation, oil exporters, exporting countries, oil-exporting countries, exchange rate developments, natural resources

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic...

Regional Economic Outlook, April 2012, Sub-Saharan Africa
			: Sustaining Growth amid Global Uncertainty

Regional Economic Outlook, April 2012, Sub-Saharan Africa : Sustaining Growth amid Global Uncertainty »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2012

DOI: http://dx.doi.org/10.5089/9781616352493.086

ISBN: 9781616352493

Keywords: exchange rate, exporters, exchange rate pegs, banking, inflation

Sub-Saharan Africa continues to record strong economic growth, despite the weaker global economic environment. Regional output rose by 5 percent in 2011, with growth set to increase slightly in 2012, helped by stil...

Marcos fiscales para los países ricos en recursos naturales

Marcos fiscales para los países ricos en recursos naturales »

Volume/Issue: 2012/4

Series: Staff Discussion Notes

Author(s): Marcos Poplawski-Ribeiro , Mauricio Villafuerte , Thomas Baunsgaard , and Christine Richmond

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2012

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781498397162.006

ISBN: 9781498397162

Keywords: Natural resources, Developing countries, Fiscal sustainability, hipótesis del ingreso permanente, gestión financiera pública, marco fiscal, reglas fiscales, macro-gestión fiscal, política fiscal, sostenibilidad fiscal a largo plazo

En la serie de Documentos de Análisis del Personal Técnico del FMI se presentan los últimos análisis e investigaciones sobre políticas elaborados por miembros del personal técnico del FMI, que se publican para reci...

Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency Gdp Data

Tracking Short-Term Dynamics of Economic Activity in Low-Income Countries in the Absence of High-Frequency Gdp Data »

Volume/Issue: 2012/119

Series: IMF Working Papers

Author(s): S. V. S. Dixit , and Maxwell Opoku-Afari

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

DOI: http://dx.doi.org/10.5089/9781475503487.001

ISBN: 9781475503487

Keywords: Short-Term Dynamics, Economic Activity, GDP, paper, correlation, forecasting, time series, standard deviations, Econometric and Statistical Methods: Other, Computational Techniques

This paper uses a set of routinely collected high-frequency data in low-income countries (LICs) to construct an aggregate and a comprehensive index of economic activity which could serve (i) as a measure of the dir...

Welfare Effects of Monetary Integration
			: The Common Monetary Area and Beyond

Welfare Effects of Monetary Integration : The Common Monetary Area and Beyond »

Volume/Issue: 2012/136

Series: IMF Working Papers

Author(s): Tamon Asonuma , Xavier Debrun , and Paul Masson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

DOI: http://dx.doi.org/10.5089/9781475503890.001

ISBN: 9781475503890

Keywords: monetary policy, inflation, central bank, monetary union, monetary area

This paper proposes a quantitative assessment of the welfare effects arising from the Common Monetary Area (CMA) and an array of broader grouping among Southern African Development Community (SADC) countries. Model...

Fiscal Policies and Rules in the Face of Revenue Volatility within Southern Africa Customs Union Countries (SACU)

Fiscal Policies and Rules in the Face of Revenue Volatility within Southern Africa Customs Union Countries (SACU) »

Volume/Issue: 2012/93

Series: IMF Working Papers

Author(s): Olivier Basdevant

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2012

DOI: http://dx.doi.org/10.5089/9781475502831.001

ISBN: 9781475502831

Keywords: Fiscal rule, SACU, expenditure, fiscal rules, National Budget, Deficit, and Debt: General,

Following the onset of the global economic crisis in 2008, SACU member countries have witnessed a significant growth slowdown, and a deterioration of their fiscal balances. This paper (i) assesses options for the d...

Beyond the Curse
			: Policies to Harness the Power of Natural Resources

Beyond the Curse : Policies to Harness the Power of Natural Resources »

Series: Books

Author(s): Amadou Sy , Rabah Arezki , and Thorvaldur Gylfason

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 January 2012

DOI: http://dx.doi.org/10.5089/9781616351458.071

ISBN: 9781616351458

Keywords: natural resource, copper, inflation, commodity prices

Countries with an abundance of natural resources, many of which are in sub-Saharan Africa, often show a record of relatively poor economic performance compared with non-resource-rich countries. The chapters in this...

The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland

The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland »

Volume/Issue: 2011/266

Series: IMF Working Papers

Author(s): Luis-Felipe Zanna , Olivier Basdevant , Susan Yang , Genevieve Verdier , Joannes Mongardini , Borislava Mircheva , and Dalmacio Benicio

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

DOI: http://dx.doi.org/10.5089/9781463924652.001

ISBN: 9781463924652

Keywords: fiscal multipliers, SACU transfers, fiscal consolidation, consumption tax, government spending, fiscal consolidations, consumption tax rate, Computational Techniques, National Budget, Deficit

Botswana, Lesotho, Namibia, and Swaziland face the serious challenge of adjusting not only to lower Southern Africa Customs Union (SACU) transfers because of the global economic crisis, but also to a potential furt...

Do Remittances Reduce Aid Dependency?

Do Remittances Reduce Aid Dependency? »

Volume/Issue: 2011/246

Series: IMF Working Papers

Author(s): Maelan Le Goff , and Kangni Kpodar

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

DOI: http://dx.doi.org/10.5089/9781463923259.001

ISBN: 9781463923259

Keywords: Development aid, aid flows, aid dependency, bilateral aid, aid allocation, International Factor Movements and International Business: General, Economic Development: General,

Aid has been for decades an important source of financing for developing countries, but more recently remittance flows have increased rapidly and are beginning to dwarf aid flows. This paper investigates how remitt...

Botswana
			: 2011 Article IV Consultation:  Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana

Botswana : 2011 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana »

Volume/Issue: 2011/248

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2011

DOI: http://dx.doi.org/10.5089/9781462343577.002

ISBN: 9781462343577

Keywords: expenditure, per, expenditures

Botswana's economy staged an impressive recovery during the past year. The strong economic recovery has helped stabilize financial market conditions. The overall external position has also strengthened. The overrid...

Customs Administration Reform and Modernization in anglophone Africa
			: Early 1990's to Mid-2010

Customs Administration Reform and Modernization in anglophone Africa : Early 1990's to Mid-2010 »

Volume/Issue: 2011/184

Series: IMF Working Papers

Author(s): Justin Zake

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

DOI: http://dx.doi.org/10.5089/9781462309283.001

ISBN: 9781462309283

Keywords: Anglophone African countries, reform, modernization, customs, customs administrations, import duties, trade facilitation, Taxation and Subsidies: Other, Comparative Studies of Countries, Reform And Modernization,

Anglophone African countries have been implementing reform and modernization initiatives in their Customs administrations. This paper outlines the progression of key reform and modernization initiatives in these co...

Financial Deepening, Property Rights and Poverty
			: Evidence From Sub-Saharan Africa

Financial Deepening, Property Rights and Poverty : Evidence From Sub-Saharan Africa »

Volume/Issue: 2011/196

Series: IMF Working Papers

Author(s): Yifei Huang , and Raju Singh

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

DOI: http://dx.doi.org/10.5089/9781462305230.001

ISBN: 9781462305230

Keywords: financial development, property rights, dependent variable, gini coefficient, descriptive statistics, Macroeconomic Analyses of Economic Development, Financial Economics: General,

Recent studies on the relationship between financial development and poverty have been inconclusive. Some claim that, by allowing more entrepreneurs to obtain financing, financial development improves the allocatio...

Revenue Administration Reforms in anglophone Africa Since the Early 1990's

Revenue Administration Reforms in anglophone Africa Since the Early 1990's »

Volume/Issue: 2011/162

Series: IMF Working Papers

Author(s): David Kloeden

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

DOI: http://dx.doi.org/10.5089/9781455296736.001

ISBN: 9781455296736

Keywords: Revenue authority, VAT, self-assessment, integrated tax administration, Anglophone Africa, tax reform, large taxpayer office, tax administrations, large taxpayers, taxpayer services

Despite positive but mixed progress over two decades, most lower income African countries need to enhance their low tax-to-GDP ratios by mobilizing domestic resources to complement debt relief, donor aid and to ach...

How Big (Small?) are Fiscal Multipliers?

How Big (Small?) are Fiscal Multipliers? »

Volume/Issue: 2011/52

Series: IMF Working Papers

Author(s): Ethan Ilzetzki , Enrique Mendoza , and Carlos Végh Gramont

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2011

DOI: http://dx.doi.org/10.5089/9781455218028.001

ISBN: 9781455218028

Keywords: exchange rate, exchange rates, fiscal multipliers, government expenditure

We contribute to the intense debate on the real effects of fiscal stimuli by showing that the impact of government expenditure shocks depends crucially on key country characteristics, such as the level of developme...

Investing in Public Investment
			: An Index of Public Investment Efficiency

Investing in Public Investment : An Index of Public Investment Efficiency »

Volume/Issue: 2011/37

Series: IMF Working Papers

Author(s): Zac Mills , Annette Kyobe , Jim Brumby , Chris Papageorgiou , and Era Dabla-Norris

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

DOI: http://dx.doi.org/10.5089/9781455217892.001

ISBN: 9781455217892

Keywords: public investment management, project appraisal, selection, implementation, and evaluation, growth, investment management, budget institutions, investment projects, investment spending

This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project appraisal, selection, implementation, and evaluation. Co...

Growth in Africa Under Peace and Market Reforms

Growth in Africa Under Peace and Market Reforms »

Volume/Issue: 2011/40

Series: IMF Working Papers

Author(s): Olessia Korbut , Gonzalo Salinas , and Cheikh Gueye

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

DOI: http://dx.doi.org/10.5089/9781455217861.001

ISBN: 9781455217861

Keywords: growth, Africa, political stability, exchange rate, economic outlook, current account, international monetary fund

Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the region's ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource...

In the Wake of the Global Economic Crisis
			: Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland

In the Wake of the Global Economic Crisis : Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland »

Volume: 11

Series: Departmental Papers / Policy Papers

Author(s): Thomson Fontaine , Dalmacio Benicio , Joannes Mongardini , Genevieve Verdier , and Gonzalo Pastor

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2011

DOI: http://dx.doi.org/10.5089/9781462343492.087

ISBN: 9781462343492

Keywords: expenditure, fiscal adjustment, spending cuts, government spending, tax increases

The Southern African Customs Union (SACU) is facing its biggest challenge in its 100 years of existence. The global economic crisis has significantly reduced its revenue outlook, which is having a disproportionate...

Balance of Payments Statistics Yearbook, 2010

Balance of Payments Statistics Yearbook, 2010 »

Series: Balance of Payments Statistics

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 November 2010

DOI: http://dx.doi.org/10.5089/9781616350024.044

ISBN: 9781616350024

Keywords: liabilities, debt, payments, portfolio investment, loans, direct investment, financial derivatives, bonds, debt securities, equity securities

The BOPS Yearbook, usually published in December, contains balance of payments statistics for most of the world, compiled in accordance with the IMF's Balance of Payments Manual. Part 1 includes aggregate as well a...

Perspectives économiques régionales, Octobre 2010 
			: Afrique subsaharienne: Résilience et risques

Perspectives économiques régionales, Octobre 2010 : Afrique subsaharienne: Résilience et risques »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 October 2010

Language: French

DOI: http://dx.doi.org/10.5089/9781589069657.086

ISBN: 9781589069657

Keywords: exchange rate, inflation, monetary policy, exchange rate regimes, oil exporters, fixed exchange rate, exchange rates, floating exchange rate, importing countries, oil-importing countries

The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic...

Botswana
			: 2010 Article IV Consultation:  Staff Report and Supplement; Public Information Notice on the Executive Board Discussion

Botswana : 2010 Article IV Consultation: Staff Report and Supplement; Public Information Notice on the Executive Board Discussion »

Volume/Issue: 2010/280

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 September 2010

DOI: http://dx.doi.org/10.5089/9781455206582.002

ISBN: 9781455206582

Keywords: budget, debt, interest, revenues, article

The economy entered the crisis from a position of considerable strength because of past prudent macroeconomic management. Macroeconomic policies are being appropriately redirected away from short-term demand manage...

The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments

The Effectiveness of Macroeconomic Commitment in Weak(er) Institutional Environments »

Volume/Issue: 2010/193

Series: IMF Working Papers

Author(s): Marc Quintyn , and Sophia Gollwitzer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2010

DOI: http://dx.doi.org/10.5089/9781455205233.001

ISBN: 9781455205233

Keywords: Macroeconomic Commitment Institutions, Political-Economic Institutions, inflation, central bank, monetary fund, monetary union, The Effectiveness of Macroeconomic Commitment, Fiscal and Monetary Policy in Development, Capitalist Systems: Political Economy, Other Economic Systems: Other

This paper analyzes the institutional conditions affecting the establishment and effectiveness of independent central banks and of budgetary institutions. It draws on the recent theory developed by North, Wallis an...

Exchange Rate Assessment for Sub-Saharan Economies

Exchange Rate Assessment for Sub-Saharan Economies »

Volume/Issue: 2010/162

Series: IMF Working Papers

Author(s): Burcu Aydin

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455201457.001

ISBN: 9781455201457

Keywords: Exchange Rate, Panel Data, current account balance, current account, real exchange rate, exchange rates,

This paper provides an exchange rate assessment for sub-Saharan African economies by using methodologies similar to those developed by the International Monetary Fund's Consultative Group on Exchange Rate Issues. A...

Botswana
			: 2009 Article IV Consultation:  Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana

Botswana : 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Botswana »

Volume/Issue: 2010/172

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 June 2010

DOI: http://dx.doi.org/10.5089/9781455206575.002

ISBN: 9781455206575

Keywords: interest, revenues, debt, article, interest rate

After several years of robust growth, real GDP growth slowed to 2.9 percent in 2008 owing to a decline in mining output. The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09, we...

Revenue Administration
			: A Toolkit for Implementing a Revenue Authority

Revenue Administration : A Toolkit for Implementing a Revenue Authority »

Volume: 10

Series: Technical Notes and Manuals

Author(s): Maureen Kidd , and William Joseph Crandall

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 May 2010

DOI: http://dx.doi.org/10.5089/9781455277452.005

ISBN: 9781455277452

Keywords: Governance, Revenue Authority, revenue administration, tax compliance, autonomy in tax administration, accountability, tax, customs, revenue, ra

This technical note presents a toolkit for implementing a revenue authority. This toolkit is a guide with a series of operational modules designed to assist countries when they implement a 'revenue authority' to ad...

Perspectives économiques régionales, Avril 10 
			: Afrique subsaharienne: Retour à une croissance forte

Perspectives économiques régionales, Avril 10 : Afrique subsaharienne: Retour à une croissance forte »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 April 2010

Language: French

DOI: http://dx.doi.org/10.5089/9781589069640.086

ISBN: 9781589069640

Keywords: fiscal policy, capital inflows, exporting countries, importing countries, oil-importing countries, exchange rate regime, oil exporters, private capital flows, private capital, floating exchange rate regime

The economic slowdown in sub-Saharan Africa looks set to be mercifully brief. Recovery is now under way across the region. The region's relative resilience during this global recession, compared with previous globa...

A Public Financial Management Framework for Resources-Producing Countries

A Public Financial Management Framework for Resources-Producing Countries »

Volume/Issue: 2010/72

Series: IMF Working Papers

Author(s): Jean-Luc Hélis , and Teresa Daban Sanchez

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982152.001

ISBN: 9781451982152

Keywords: Resource revenue management, resource curse, accountability, resource-producing countries, budget law, budget process, budget documents, annual budget, fiscal policy, Macroeconomic Policy

This working paper overviews the challenges posed by resource revenues management and the policy prescriptions to meet them, and focuses on the Public Financial Management (PFM) framework and reforms that resource-...

Exchange Rate Choices of Microstates

Exchange Rate Choices of Microstates »

Volume/Issue: 2010/12

Series: IMF Working Papers

Author(s): Patrick Imam

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2010

DOI: http://dx.doi.org/10.5089/9781451962000.001

ISBN: 9781451962000

Keywords: Micro-states, Currency board, Fixed exchange rate, Geweke- Hajivassiliou-Keane Multivariate Simulator, exchange rate, inflation, central bank, Geweke-hajivassiliou-keane Multivariate Simulator,

In this paper we first explain why most microstates (countries with less than 2 million inhabitants) have gained independence only in the last 30 years. Despite the higher costs and risks microstates face, their ab...

Balance of Payments Statistics Yearbook, 2009

Balance of Payments Statistics Yearbook, 2009 »

Series: Balance of Payments Statistics

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 December 2009

DOI: http://dx.doi.org/10.5089/9781589068728.044

ISBN: 9781589068728

Keywords: liabilities, debt, portfolio investment, loans, financial derivatives, equity securities, money market, money market instruments, debt securities, bonds

The BOPS Yearbook, usually published in December, contains balance of payments statistics for most of the world, compiled in accordance with the IMF's Balance of Payments Manual. Part 1 includes aggregate as well a...

Accounting for Global Dispersion of Current Accounts

Accounting for Global Dispersion of Current Accounts »

Volume/Issue: 2009/276

Series: IMF Working Papers

Author(s): Jaewoo Lee , Yongsung Chang , and Sun-Bin Kim

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

DOI: http://dx.doi.org/10.5089/9781451874211.001

ISBN: 9781451874211

Keywords: Distribution of Current Account, Incomplete Markets, Frictions, current accounts, current account imbalances, current account balances, current account deficit,

We undertake a quantitative analysis of the dispersion of current accounts in an open economy version of incomplete insurance model, incorporating important market frictions in trade and financial flows. Calibrated...

Perspectives économiques régionales, Octobre 2009
			: Afrique subsaharienne Surmonter la tourmente

Perspectives économiques régionales, Octobre 2009 : Afrique subsaharienne Surmonter la tourmente »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 October 2009

Language: French

DOI: http://dx.doi.org/10.5089/9781589069008.086

ISBN: 9781589069008

Keywords: debt, fiscal policy, exporting countries, oil exporters, oil-importing countries, importing countries, exchange rate regime, debt sustainability, exporters, deficits

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial marke...

Access to Market Financing for IDA-eligible Countries-the Role of External Debt and IMF-Supported Programs

Access to Market Financing for IDA-eligible Countries-the Role of External Debt and IMF-Supported Programs »

Volume/Issue: 2009/217

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

DOI: http://dx.doi.org/10.5089/9781451873641.001

ISBN: 9781451873641

Keywords: decision point, enhanced HIPC Initiative, IMF-supported program, debt ratio, debt service, debt ratios, concessional debt,

Exclusion restrictions used to identify demand and supply relationships for market financing among IDA recipients (past and present) show that poor credit ratings and high political instability adversely impact the...

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa

Determinants and Macroeconomic Impact of Remittances in Sub-Saharan Africa »

Volume/Issue: 2009/216

Series: IMF Working Papers

Author(s): Raju Singh , Kyung-woo Lee , and Markus Haacker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

DOI: http://dx.doi.org/10.5089/9781451873634.001

ISBN: 9781451873634

Keywords: exchange rate, migration, determinants of remittances, real exchange rate

The paper investigates the determinants and the macroeconomic role of remittances in sub-Saharan Africa, assembling the most comprehensive dataset available so far on remittances in the region and incorporating dat...

What Determines Bond Market Development in Sub-Saharan Africa?

What Determines Bond Market Development in Sub-Saharan Africa? »

Volume/Issue: 2009/213

Series: IMF Working Papers

Author(s): Olatundun Janet Adelegan , and Bozena Radzewicz-Bak

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

DOI: http://dx.doi.org/10.5089/9781451873603.001

ISBN: 9781451873603

Keywords: Bond market development, government bonds, corporate bonds, macroeconomic factors, bond, bond market, domestic debt, debt market,

This study empirically analyzes the determinants of bond market development in a cross section of 23 sub-Saharan African (SSA) countries between 1990 and 2008. It considers the stage of development and the size of...

Setting Up a Sovereign Wealth Fund
			: Some Policy and Operational Considerations

Setting Up a Sovereign Wealth Fund : Some Policy and Operational Considerations »

Volume/Issue: 2009/179

Series: IMF Working Papers

Author(s): Christian Mulder , Amadou Sy , Yinqiu Lu , and Udaibir Das

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

DOI: http://dx.doi.org/10.5089/9781451873269.001

ISBN: 9781451873269

Keywords: Sovereign wealth fund, SWF&;amp;#x2019;s policy objective, central bank, monetary fund, balance of payments, currency composition, external debt, Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

This paper offers a policy and operational "roadmap" to policymakers considering setting up an SWF. It should also be of interest to policymakers in countries where SWFs are already in place, to review their existi...

Understanding the Growth of African Financial Markets

Understanding the Growth of African Financial Markets »

Volume/Issue: 2009/182

Series: IMF Working Papers

Author(s): Mihasonirina Andrianaivo , and Charles Amo Yartey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2009

DOI: http://dx.doi.org/10.5089/9781451873290.001

ISBN: 9781451873290

Keywords: Political Risk, stock market, stock market development, capital account liberalization, stock market capitalization, Financial Institutions and Services: General, Financial Institutions and Services: Government Policy and Regulation, Economywide Country Studies: Africa,

This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking systems and stock markets. The results show that income level, creditor rights protection, fina...

Spillovers From the Rest of the World Into Sub-Saharan African Countries

Spillovers From the Rest of the World Into Sub-Saharan African Countries »

Volume/Issue: 2009/155

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2009

DOI: http://dx.doi.org/10.5089/9781451873023.001

ISBN: 9781451873023

Keywords: Growth spillovers, financial linkages, panel estimate, world growth, gdp growth,

This paper investigates the impact of a global slowdown on individual African countries using a series of dynamic panel regressions for countries in the region, relating real growth in domestic output to world grow...