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Cameroon
			: Fourth Review under the Extended Credit Facility Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

Cameroon : Fourth Review under the Extended Credit Facility Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2019/247

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 July 2019

DOI: http://dx.doi.org/10.5089/9781513508771.002

ISBN: 9781513508771

Keywords: Financial and Monetary Sector, Fiscal policy, Fiscal sector, Real sector, External sector, BEAC, arrears, non-oil, CEMAC, Proj

Growth is estimated to have rebounded to 4 percent in 2018, supported by stronger-than-anticipated oil and gas production and Africa Cup of Nations (CAN) projects. The overall fiscal deficit declined by half to 21/...

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...

Cameroon
			: Third Review Under the Extended Credit Facility Arrangement and Requests for a Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

Cameroon : Third Review Under the Extended Credit Facility Arrangement and Requests for a Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2018/378

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 December 2018

DOI: http://dx.doi.org/10.5089/9781484392003.002

ISBN: 9781484392003

Keywords: Cameroon, Sub-Saharan Africa

President Biya was re-elected as President of Cameroon on October 7 by a large margin, amidst some violence in anglophone regions. Growth is projected to gradually increase from 3.5 percent in 2017 to 3.8 percent i...

Cameroon
			: Selected Issues

Cameroon : Selected Issues »

Volume/Issue: 2018/256

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 2018

DOI: http://dx.doi.org/10.5089/9781484373378.002

ISBN: 9781484373378

Keywords: Cameroon, Sub-Saharan Africa

Selected Issues...

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...

Cameroon
			: 2018 Article IV Consultation, Second Review Under the Extended Credit Facility Arrangement Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

Cameroon : 2018 Article IV Consultation, Second Review Under the Extended Credit Facility Arrangement Requests for Waivers of Nonobservance of Performance Criteria and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2018/235

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 July 2018

DOI: http://dx.doi.org/10.5089/9781484370179.002

ISBN: 9781484370179

Keywords: Article IV consultation reports, Fiscal consolidation, Debt sustainability, Fiscal risk, Competition, Fiscal policy, Extended Credit Facility, Extended arrangement reviews, Performance criteria waivers, Performance criteria modifications

Cameroon's macroeconomic performance has been mixed against the backdrop of slower economic activity and rising security concerns, with a weaker-than-envisaged fiscal consolidation in 2017. While external buffers a...

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...

Cameroon
			: First Review Under the Extended Credit Facility Arrangement Requests for Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Cameroon

Cameroon : First Review Under the Extended Credit Facility Arrangement Requests for Waiver of Nonobservance of a Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2018/9

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 January 2018

DOI: http://dx.doi.org/10.5089/9781484337547.002

ISBN: 9781484337547

Keywords: Cameroon, Sub-Saharan Africa

Cameroon's performance under the three-year ECF-supported program approved in June has been satisfactory, with the fiscal and external adjustments contributing to the rebuilding of buffers. Growth in 2017-18 is exp...

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...

The Informal Economy in Sub-Saharan Africa
			: Size and Determinants

The Informal Economy in Sub-Saharan Africa : Size and Determinants »

Volume/Issue: 2017/156

Series: IMF Working Papers

Author(s): Leandro Medina , Andrew Jonelis , and Mehmet Cangul

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2017

DOI: http://dx.doi.org/10.5089/9781484305942.001

ISBN: 9781484305942

Keywords: Uganda, South Africa, Rwanda, Senegal, Seychelles, Sierra Leone, Sudan, Swaziland, Tanzania, Togo

The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable....

Cameroon
			: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Cameroon

Cameroon : Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2017/185

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2017

DOI: http://dx.doi.org/10.5089/9781484307328.002

ISBN: 9781484307328

Keywords: Sub-Saharan Africa, Cameroon

Cameroon's reform strategy is embedded in the coordinated regional approach outlined at the Yaoundé Heads of States summit in December 2016, during which the Cameroonian authorities spearheaded a coordinated respon...

Manual de estadísticas de finanzas públicas 2014
			: Manual

Manual de estadísticas de finanzas públicas 2014 : Manual »

Series: Manuals & Guides

Author(s): Sage De Clerck , and Tobias Wickens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2017

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781475592634.069

ISBN: 9781475592634

Keywords: activos, impuestos, deuda, pasivos, bienes

La crisis financiera internacional de 2007-09 puso de manifiesto la importancia de las estadísticas fiables y puntuales sobre los sectores público y del gobierno general. Las estadísticas de finanzas públicas son u...

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....

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...

Central African Economic and Monetary Community (CEMAC)
			: Financial System Stability Assessment

Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment »

Volume/Issue: 2016/106

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2016

DOI: http://dx.doi.org/10.5089/9781484338964.002

ISBN: 9781484338964

Keywords: bank, risk, banks, banking, financial stability, Central Africa Economic and Monetary Community,

This paper provides detailed assessment of the Central African Economic and Monetary Community's (CEMAC's) financial system. Over the past decade, primarily as a result of high oil prices, CEMAC achieved robust eco...

West African Economic and Monetary Union (WAEMU)
			: Selected Issues

West African Economic and Monetary Union (WAEMU) : Selected Issues »

Volume/Issue: 2016/98

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2016

DOI: http://dx.doi.org/10.5089/9781475550009.002

ISBN: 9781475550009

Keywords: investment, public investment, public, infrastructure, per

This paper presents stylized facts on the quantitative and qualitative infrastructure gap in the West African Economic and Monetary Union (WAEMU), estimates the efficiency of public investment, and recommends how t...

Exiting From Fragility in sub-Saharan Africa
			: The Role of Fiscal Policies and Fiscal Institutions

Exiting From Fragility in sub-Saharan Africa : The Role of Fiscal Policies and Fiscal Institutions »

Volume/Issue: 2015/268

Series: IMF Working Papers

Author(s): Corinne Deléchat , Ejona Fuli , Dafina Glaser , Gustavo Ramirez , and Rui Xu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2015

DOI: http://dx.doi.org/10.5089/9781513591315.001

ISBN: 9781513591315

Keywords: fragility, resilience, fiscal institutions, CPIA, revenue, taxes, tax, budget, Macroeconomic Analyses of Economic Development, Fiscal and Monetary Policy in Development

This paper studies the role of fiscal policies and institutions in building resilience in sub-Saharan African countries during 1990-2013, with specific emphasis on a group of twenty-six countries that were deemed f...

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

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

Volume/Issue: 2015/331

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2015

DOI: http://dx.doi.org/10.5089/9781513521190.002

ISBN: 9781513521190

Keywords: debt, expenditure, monetary fund, security, investment

This 2015 Article IV Consultation highlights that Cameroon's economy has shown resilience in the face of the twin shocks of the oil price slump and heightened security threats, with the robust growth of 2014 contin...

Cameroon
			: Selected Issues

Cameroon : Selected Issues »

Volume/Issue: 2015/332

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2015

DOI: http://dx.doi.org/10.5089/9781513599588.002

ISBN: 9781513599588

Keywords: contingent liabilities, liabilities, debt, arrears, monetary fund

This Selected Issues paper examines recent performance and reform agenda for Cameroon's state-owned enterprises (SOEs). Cameroon's SOEs are important providers of formal employment and have a large weight in the ec...

The Unequal Benefits of Fuel Subsidies Revisited
			: Evidence for Developing Countries

The Unequal Benefits of Fuel Subsidies Revisited : Evidence for Developing Countries »

Volume/Issue: 2015/250

Series: IMF Working Papers

Author(s): David Coady , Valentina Flamini , and Louis Sears

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 November 2015

DOI: http://dx.doi.org/10.5089/9781513501390.001

ISBN: 9781513501390

Keywords: Fuel subsidy reform, welfare impact, distribution, transport, fuel, subsidies, fuel prices, subsidy, Incidence, All Countries,

Understanding who benefits from fuel price subsidies and the welfare impact of increasing fuel prices is key to designing, and gaining public support for, subsidy reform. This paper updates evidence for developing...

Financial Inclusion and Development in the CEMAC

Financial Inclusion and Development in the CEMAC »

Volume/Issue: 2015/235

Series: IMF Working Papers

Author(s): Adrian Alter , and Boriana Yontcheva

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2015

DOI: http://dx.doi.org/10.5089/9781484317556.001

ISBN: 9781484317556

Keywords: financial inclusion, financial development gap, benchmarking, gdp, credit, variables, Government Policy and Regulation,

This paper examines financial inclusion and development in the CEMAC. We explore the level of financial inclusion in the CEMAC through a benchmarking exercise.We construct a measure of financial development gap and...

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...

Systemic Risk Assessment in Low Income Countries
			: Balancing Financial Stability and Development

Systemic Risk Assessment in Low Income Countries : Balancing Financial Stability and Development »

Volume/Issue: 2015/190

Series: IMF Working Papers

Author(s): Daniela Marchettini , and Rodolfo Maino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 August 2015

DOI: http://dx.doi.org/10.5089/9781513545882.001

ISBN: 9781513545882

Keywords: Early Warning Indicators, Financial Deepening, credit, bis, risk, banking, Financial Markets and the Macroeconomy, Financial Forecasting and Simulation,

We propose a toolkit for the assessment of systemic risk buildup in low income countries. We show that, due to non-linearity in the relationship between credit and financial stability, the assessment should be cond...

Central African Economic and Monetary Community (CEMAC)
			: Staff Report on Common Policies and Challenges of Member Countries

Central African Economic and Monetary Community (CEMAC) : Staff Report on Common Policies and Challenges of Member Countries »

Volume/Issue: 2015/222

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2015

DOI: http://dx.doi.org/10.5089/9781513561851.002

ISBN: 9781513561851

Keywords: Oil prices, External shocks, Economic growth, Fiscal consolidation, Monetary policy, Economic integration, Economic indicators, Millennium Development Goals, Staff Reports, Press releases

This paper discusses common policies of the member countries of the Central African Economic and Monetary Community (CEMAC). Medium-term prospects for CEMAC are uncertain. Despite their recent stabilization, oil pr...

Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries

Joining the Club? Procyclicality of Private Capital Inflows in Low Income Developing Countries »

Volume/Issue: 2015/163

Series: IMF Working Papers

Author(s): Juliana Araujo , Antonio David , Carlos van Hombeeck , and Chris Papageorgiou

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2015

DOI: http://dx.doi.org/10.5089/9781513508146.001

ISBN: 9781513508146

Keywords: Cyclicality, Emerging Markets, capital inflows, private capital, international capital, developing countries, Open Economy Macroeconomics, Macroeconomic Analyses of Economic Development, Emerging Markets.,

Using a newly developed dataset this paper examines the cyclicality of private capital inflows to low-income developing countries (LIDCs) over the period 1990-2012. The empirical analysis shows that capital inflows...

Global Implications of Lower Oil Prices

Global Implications of Lower Oil Prices »

Volume/Issue: 2015/15

Series: Staff Discussion Notes

Author(s): Aasim Husain , Rabah Arezki , Peter Breuer , Vikram Haksar , Thomas Helbling , Paulo Medas , and Martin Sommer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 July 2015

DOI: http://dx.doi.org/10.5089/9781513532417.006

ISBN: 9781513532417

Keywords: Oil price, fuel taxes and subsidies, fiscal vulnerabilities, external vulnerabilities, exchange rate regime, oil, prices, price, oil prices, energy

The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the...

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...

Soft Power and Exchange Rate Volatility

Soft Power and Exchange Rate Volatility »

Volume/Issue: 2015/63

Series: IMF Working Papers

Author(s): Serhan Cevik , Richard Harris , and Fatih Yilmaz

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 March 2015

DOI: http://dx.doi.org/10.5089/9781475530520.001

ISBN: 9781475530520

Keywords: Exchange rate volatility, exchange, exchange rate, volatility, exchange rates, trade, Time-Series Models, International Monetary Arrangements and Institutions,

Standard models-based exclusively on macro-financial variables-have made little progress in explaining the behavior of exchange rates. In this paper, we introduce a neglected set of 'soft power' factors capturing...

Government Finance Statistics Manual 2014
			: Manual

Government Finance Statistics Manual 2014 : Manual »

Series: Manuals & Guides

Author(s): Sage De Clerck , and Tobias Wickens

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 March 2015

DOI: http://dx.doi.org/10.5089/9781498343763.069

ISBN: 9781498343763

Keywords: assets, taxes, debt, liabilities, goods

The Government Finance Statistics Manual 2014 (GFSM 2014)-describes a specialized macroeconomic statistical framework--the government finance statistics (GFS) framework--designed to support fiscal analysis. The ma...

Remittances and Macroeconomic Volatility in African Countries

Remittances and Macroeconomic Volatility in African Countries »

Volume/Issue: 2015/49

Series: IMF Working Papers

Author(s): Ahmat Jidoud

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 March 2015

DOI: http://dx.doi.org/10.5089/9781498300940.001

ISBN: 9781498300940

Keywords: Macroeconomic Volatility, African Economies, Financial Frictions, consumption, business cycle, economies, supply, Bayesian Analysis, Model Construction and Estimation, Financial Frictions.,

This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Em...

Côte d'Ivoire
			: Sixth Review Under the Extended Credit Facility Arrangement and Requests for Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Twelve-Month Extension of the Current Arrangement

Côte d'Ivoire : Sixth Review Under the Extended Credit Facility Arrangement and Requests for Waiver of Nonobservance of Performance Criterion, Augmentation of Access, and Twelve-Month Extension of the Current Arrangement »

Volume/Issue: 2014/358

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2014

DOI: http://dx.doi.org/10.5089/9781498349741.002

ISBN: 9781498349741

Keywords: debt, monetary fund, market, investment, external debt

All end-June performance criteria and indicative targets under the ECF arrangement were met, and all structural benchmarks were completed, albeit with minor delays. However, there was a nonobservance of the continu...

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...

Central African Economic and Monetary Community (CEMAC)
			: Selected Issues

Central African Economic and Monetary Community (CEMAC) : Selected Issues »

Volume/Issue: 2014/305

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 October 2014

DOI: http://dx.doi.org/10.5089/9781616354824.002

ISBN: 9781616354824

Keywords: inflation, central bank

...

Central African Economic and Monetary Community (CEMAC) - Staff Report; Press Release; and Statement by the Executive Director for the Central African Economic and Monetary Community

Central African Economic and Monetary Community (CEMAC) - Staff Report; Press Release; and Statement by the Executive Director for the Central African Economic and Monetary Community »

Volume/Issue: 2014/252

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2014

Language: French

DOI: http://dx.doi.org/10.5089/9781498397889.002

ISBN: 9781498397889

Regional growth weakened in 2013 due to a fall in oil production in most countries. GDP growth is expected to pick-up in 2014 due to the recovery of oil production and the continuation of the implementation of publ...

Central African Economic and Monetary Community (CEMAC)
			: Staff Report on Common Policies of Member Countries

Central African Economic and Monetary Community (CEMAC) : Staff Report on Common Policies of Member Countries »

Volume/Issue: 2014/252

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 August 2014

DOI: http://dx.doi.org/10.5089/9781498315685.002

ISBN: 9781498315685

Keywords: current account, public debt, current account balance, debt crises, central bank

Regional growth weakened in 2013 due to a fall in oil production in most countries. GDP growth is expected to pick-up in 2014 due to the recovery of oil production and the continuation of the implementation of publ...

Cameroon
			: Selected Issues

Cameroon : Selected Issues »

Volume/Issue: 2014/213

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2014

DOI: http://dx.doi.org/10.5089/9781498396011.002

ISBN: 9781498396011

Keywords: investment management, public investment management, public investment spending, contingent liabilities

...

Cameroon
			: Staff Report for the 2014 Article IV Consultation

Cameroon : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/212

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 July 2014

DOI: http://dx.doi.org/10.5089/9781498342636.002

ISBN: 9781498342636

Keywords: oil, current account, public debt, current account deficit

KEY ISSUES Context. Cameroon's macroeconomic outlook and risks have deteriorated slightly since the Article IV consultation in 2013. Economic activity has remained strong and inflation subdued, but the fiscal posi...

Does Openness Matter for Financial Development in Africa?

Does Openness Matter for Financial Development in Africa? »

Volume/Issue: 2014/94

Series: IMF Working Papers

Author(s): Antonio David , Montfort Mlachila , and Ashwin Moheeput

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 June 2014

DOI: http://dx.doi.org/10.5089/9781498359290.001

ISBN: 9781498359290

Keywords: Financial Development, Trade Openness, International Financial Integration, capital account, capital account openness, financial sector, bond, financial reforms, Financial Aspects of Economic Integration, Economic Growth of Open Economies,

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cro...

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...

Understanding Countries' Tax Effort

Understanding Countries' Tax Effort »

Volume/Issue: 2013/244

Series: IMF Working Papers

Author(s): Ricardo Fenochietto , and Carola Pessino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 December 2013

DOI: http://dx.doi.org/10.5089/9781484301272.001

ISBN: 9781484301272

Keywords: tax effort, tax frontier, tax capacity, stochastic tax frontier, inefficiency, tax revenues, tax analysis, determinants of tax revenue, tax system, Models with Panel Data

This paper presents a model to determine the tax effort and tax capacity of 113 countries and the main variables on which they depend. The results and the model allow a clear determination of which countries are ne...

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...

Central African Economic and Monetary Community (CEMAC)
			: 2013 Staff Report on Common Policies for Member Countries

Central African Economic and Monetary Community (CEMAC) : 2013 Staff Report on Common Policies for Member Countries »

Volume/Issue: 2013/322

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 November 2013

DOI: http://dx.doi.org/10.5089/9781475513783.002

ISBN: 9781475513783

Keywords: fiscal balance, fiscal stance, public debt, fiscal rule

This paper focuses on common policies for member countries of Central African Economic and Monetary Community (CEMAC). It highlights that the fiscal stance should be more cautious in some countries where policy buf...

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...

Cameroon
			: 2013 Article IV Consultation

Cameroon : 2013 Article IV Consultation »

Volume/Issue: 2013/279

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 September 2013

DOI: http://dx.doi.org/10.5089/9781475554885.002

ISBN: 9781475554885

Keywords: banking, banking system, capital expenditure, macroeconomic stability

This paper presents key discussions of Cameroon's 2013 Article IV Consultation. Economic activity in Cameroon has continued to recover gradually from the global financial crisis in 2008-2009, and inflation has rema...

Tax Administration Reform in the Francophone Countries of Sub-Saharan Africa

Tax Administration Reform in the Francophone Countries of Sub-Saharan Africa »

Volume/Issue: 2013/173

Series: IMF Working Papers

Author(s): Patrick Fossat , and Michel Bua

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 July 2013

DOI: http://dx.doi.org/10.5089/9781475581539.001

ISBN: 9781475581539

Keywords: reform, modernization, tax department, tax administrations, tax offices, local tax offices, General, Business Taxes and Subsidies,

Since the early 1990s, major tax administration reforms have been implemented in the Francophone countries of sub-Saharan Africa, with significant support from the IMF and development partners. While the reforms ha...

Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure?

Can a Government Enhance Long-Run Growth by Changing the Composition of Public Expenditure? »

Volume/Issue: 2013/162

Series: IMF Working Papers

Author(s): Santiago Acosta Ormaechea , and Atsuyoshi Morozumi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 2013

DOI: http://dx.doi.org/10.5089/9781475550597.001

ISBN: 9781475550597

Keywords: panel-data analysis, expenditure, total expenditure, public expenditure, expenditures, General, Comparative Studies of Countries,

This paper studies the effects of public expenditure reallocations on long-run growth. To do this, we assemble a new dataset based on the IMF’s GFS yearbook for the period 1970-2010 and 56 countries (14 low-...

Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries
			: The Case of Cameroon

Fiscal Sustainability, Public Investment, and Growth in Natural Resource-Rich, Low-Income Countries : The Case of Cameroon »

Volume/Issue: 2013/144

Series: IMF Working Papers

Author(s): Issouf Samaké , Priscilla Muthoora , and Bruno Versailles

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 June 2013

DOI: http://dx.doi.org/10.5089/9781484318256.001

ISBN: 9781484318256

Keywords: DSGE, natural resource-rich countries, low-income countries, growth, public debt, government spending, primary deficit, Bayesian Analysis, Forecasting and Simulation, Macroeconomic Analyses of Economic Development

This paper assesses the implications of the use of oil revenue for public investment on growth and fiscal sustainability in Cameroon. We develop a dynamic stochastic general equilibrium model to analyze the effects...

Inclusive Growth
			: An Application of the Social Opportunity Function to Selected African Countries

Inclusive Growth : An Application of the Social Opportunity Function to Selected African Countries »

Volume/Issue: 2013/139

Series: IMF Working Papers

Author(s): Olumuyiwa Adedeji , Huancheng Du , and Maxwell Opoku-Afari

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 June 2013

DOI: http://dx.doi.org/10.5089/9781484360880.001

ISBN: 9781484360880

Keywords: social opportunity curve, equity, education, school enrollment, access to education, education system, education for all, Health and Inequality, Education and Inequality, General

The inclusiveness of growth depends on the extent of access to economic and social opportunities. This paper applies the concept of social opportunity function to ascertain the inclusiveness of growth episodes in s...

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...

Export Quality in Developing Countries

Export Quality in Developing Countries »

Volume/Issue: 2013/108

Series: IMF Working Papers

Author(s): Christian Henn , Chris Papageorgiou , and Nicola Spatafora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2013

DOI: http://dx.doi.org/10.5089/9781484351635.001

ISBN: 9781484351635

Keywords: Product Quality, Upgrading, export quality, exporter, exporters, commodity exporters, Country and Industry Studies of Trade, Information and Product Quality,

This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of products over 1962–2010. Quality upgrading is particularly rapid during the early stages of dev...

Current Account Norms in Natural Resource Rich and Capital Scarce Economies

Current Account Norms in Natural Resource Rich and Capital Scarce Economies »

Volume/Issue: 2013/80

Series: IMF Working Papers

Author(s): Juliana Araujo , Bin Li , Marcos Poplawski-Ribeiro , and Luis-Felipe Zanna

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 March 2013

DOI: http://dx.doi.org/10.5089/9781484396032.001

ISBN: 9781484396032

Keywords: External Sustainability, Developing Economies, current account balances, current account balance, current account deficits, current account surpluses, Open Economy Macroeconomics, Cooperative Enterprises,

The permanent income hypothesis implies that frictionless open economies with exhaustible natural resources should save abroad most of their resource windfalls and, therefore, feature current account surpluses. Res...

Determinants of Bank Interest Margins in Sub-Saharan Africa

Determinants of Bank Interest Margins in Sub-Saharan Africa »

Volume/Issue: 2013/34

Series: IMF Working Papers

Author(s): Calixte Ahokpossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 January 2013

DOI: http://dx.doi.org/10.5089/9781475551136.001

ISBN: 9781475551136

Keywords: Banks interest margins, commercial banks, market structure, banking, foreign ownership, bank interest, bank interest margins, Financial Markets and the Macroeconomy, General,

Financial intermediation is low in sub-Saharan Africa (SSA) compared to other regions of the world. This paper examines the determinants of bank interest margins using a sample of 456 banks in 41 SSA countries. The...

Customs Administration Reform and Modernization in Francophone Sub-Saharan Africa, 1995-2010

Customs Administration Reform and Modernization in Francophone Sub-Saharan Africa, 1995-2010 »

Volume/Issue: 2012/259

Series: IMF Working Papers

Author(s): Gilles Montagnat-Rentier , and Gilles Parent

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 October 2012

DOI: http://dx.doi.org/10.5089/9781475558180.001

ISBN: 9781475558180

Keywords: francophone, reform, modernization, revenue, customs, customs administrations, customs duties, import duties, Other, Comparative Studies of Countries,

This paper outlines reforms that have been achieved in the modernization of the customs administrations of francophone sub-Saharan (African) countries since the mid-1990s. It also highlights the remaining issues in...

Commodity Price Volatility and Inclusive Growth in Low-Income Countries

Commodity Price Volatility and Inclusive Growth in Low-Income Countries »

Series: Books

Author(s): Rabah Arezki , Catherine Pattillo , Marc Quintyn , and Min Zhu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2012

DOI: http://dx.doi.org/10.5089/9781616353797.071

ISBN: 9781616353797

Keywords: hedging, fiscal policy, inflation, terms of trade, food prices

In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic growth. However, many are now facing enormous difficulties because of rapidly rising food...

Communauté économique et monétaire de l'Afrique centrale
			: Rapport des services du FMI sur les politiques communes des États membres; note d'information au public sur les débats du Conseil d'administration; et déclaration de l'Administrateur pour la Communauté économique et monétaire de l'Afrique centrale

Communauté économique et monétaire de l'Afrique centrale : Rapport des services du FMI sur les politiques communes des États membres; note d'information au public sur les débats du Conseil d'administration; et déclaration de l'Administrateur pour la Communauté économique et monétaire de l'Afrique centrale »

Volume/Issue: 2012/244

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2012

Language: French

DOI: http://dx.doi.org/10.5089/9781475510508.002

ISBN: 9781475510508

Keywords: banking, reserve adequacy, banking system, banking sector, capital adequacy, excess liquidity, capital adequacy ratio, deposit insurance, deposit insurance scheme, recapitalization

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Taxation and Development
			: Again

Taxation and Development : Again »

Volume/Issue: 2012/220

Series: IMF Working Papers

Author(s): Michael Keen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2012

DOI: http://dx.doi.org/10.5089/9781475510294.001

ISBN: 9781475510294

Keywords: Taxation and development, state building, large taxpayer office, informality, taxation, tax design, tax system, tax reform, tax policy, Structure and Scope of Government: General

Issues of taxation and development, which have long been a central concern of the IMF, have attracted wider and renewed interest in the last few years. This paper reflects on three broad lessons of experience: that...

République Centrafricaine
			: Consultations de 2011 au titre de l'article IV-Rapport des services du FMI, note d'information au public sur les délibérations du Conseil d'administration, et déclaration de l'Administrateur pour la République Centrafricaine

République Centrafricaine : Consultations de 2011 au titre de l'article IV-Rapport des services du FMI, note d'information au public sur les délibérations du Conseil d'administration, et déclaration de l'Administrateur pour la République Centrafricaine »

Volume/Issue: 2012/238

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 August 2012

Language: French

DOI: http://dx.doi.org/10.5089/9781475505887.002

ISBN: 9781475505887

Keywords: current account, debt sustainability, central bank, external debt, debt management, current account deficit, domestic debt, debt relief, debt service, payment arrears

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Oil Wealth in Central Africa
			: Policies for Inclusive Growth

Oil Wealth in Central Africa : Policies for Inclusive Growth »

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

DOI: http://dx.doi.org/10.5089/9781616353766.071

ISBN: 9781616353766

Keywords: fiscal policy, per, public investment, expenditure, fiscal stance

Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Draw...

Central African Economic and Monetary Community
			: Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community

Central African Economic and Monetary Community : Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community »

Volume/Issue: 2012/244

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 14 August 2012

DOI: http://dx.doi.org/10.5089/9781475504842.002

ISBN: 9781475504842

Keywords: banking, reserve adequacy, banking system, banking sector, capital adequacy, Central Africa Economic And Monetary Community,

This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public i...

Cameroon
			: Staff Report for the 2012 Article IV Consultation

Cameroon : Staff Report for the 2012 Article IV Consultation »

Volume/Issue: 2012/237

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 August 2012

DOI: http://dx.doi.org/10.5089/9781475506297.002

ISBN: 9781475506297

Keywords: capital expenditure, current expenditure, contingent liabilities, public financial management

Despite achieving macroeconomic stability, there is not much improvement in Cameroon's social indicators. To achieve higher and more inclusive growth, the report mentioned that problems in sectors such as infrastru...

Income Inequality and Fiscal Policy

Income Inequality and Fiscal Policy »

Volume/Issue: 2012/8

Series: Staff Discussion Notes

Author(s): David Coady , and Sanjeev Gupta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 June 2012

DOI: http://dx.doi.org/10.5089/9781475504828.006

ISBN: 9781475504828

Keywords: Fiscal consolidation, Developed countries, Developing countries, Fiscal policy, Government expenditures, Income inequality, Income distribution, Taxation, Unemployment, tax

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Evolution of Debt Sustainability Analysis in Low-Income Countries
			: Some Aggregate Evidence

Evolution of Debt Sustainability Analysis in Low-Income Countries : Some Aggregate Evidence »

Volume/Issue: 2012/167

Series: IMF Working Papers

Author(s): Benedicte Baduel , and Robert Price

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475505153.001

ISBN: 9781475505153

Keywords: low-income countries, debt service, debt ratios, debt dynamics, National Budget, Deficit, and Debt: Other, Macroeconomic - Aspects Of Public Finance,

The Debt Sustainability Analysis (DSA) for low-income countries (LICs) is a standardized analytical tool to monitor debt sustainability. This paper uses DSAs from three periods around the time of the global economi...

The Volatility Trap
			: Precautionary Saving, Investment, and Aggregate Risk

The Volatility Trap : Precautionary Saving, Investment, and Aggregate Risk »

Volume/Issue: 2012/134

Series: IMF Working Papers

Author(s): Reda Cherif , and Fuad Hasanov

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2012

DOI: http://dx.doi.org/10.5089/9781475503869.001

ISBN: 9781475503869

Keywords: Volatility, risk, precautionary saving, buffer-stock, growth, investment rate, standard deviation, nonlinear relationship, correlation, statistics

We study the effects of permanent and temporary income shocks on precautionary saving and investment in a "store-or-sow" model of growth. High volatility of permanent shocks results in high precautionary saving in...

Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks?

Are Foreign Aid and Remittance Inflows a Hedge Against Food Price Shocks? »

Volume/Issue: 2012/67

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

DOI: http://dx.doi.org/10.5089/9781463938444.001

ISBN: 9781463938444

Keywords: food price shocks, vulnerability, food price, remittance, remittance inflows, food imports, International Factor Movements and International Business: General, Saving,

This paper explores the role of foreign aid and remittance inflows in the mitigation of the effects of food price shocks. Using a large sample of developing countries and mobilising dynamic panel data specification...

How Costly Are Debt Crises?

How Costly Are Debt Crises? »

Volume/Issue: 2011/280

Series: IMF Working Papers

Author(s): Davide Furceri , and Aleksandra Zdzienicka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2011

DOI: http://dx.doi.org/10.5089/9781463926618.001

ISBN: 9781463926618

Keywords: output losses, debt crises, sovereign defaults, debt crisis, currency crises, crisis episodes, currency crisis

The aim of this paper is to assess the short- and medium-term impact of debt crises on GDP. Using an unbalanced panel of 154 countries from 1970 to 2008, the paper shows that debt crises produce significant and lon...

Central African Economic and Monetary Community
			: Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community

Central African Economic and Monetary Community : Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community »

Volume/Issue: 2011/329

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2011

DOI: http://dx.doi.org/10.5089/9781463925307.002

ISBN: 9781463925307

Keywords: exchange rate, real effective exchange rate, exporters, oil exporters, effective exchange rate

Member countries of the Central African Economic and Monetary Community are recovering from the global financial crisis, although growth in 2011 has not returned to precrisis levels. Executive Directors welcomed th...

Oil-Price Boom and Real Exchange Rate Appreciation
			: Is there Dutch Disease in the Cemac?

Oil-Price Boom and Real Exchange Rate Appreciation : Is there Dutch Disease in the Cemac? »

Volume/Issue: 2011/268

Series: IMF Working Papers

Author(s): Juan Trevino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

DOI: http://dx.doi.org/10.5089/9781463924676.001

ISBN: 9781463924676

Keywords: real exchange rate, growth, exchange rate, oil importers, real exchange rate appreciation, exchange rate appreciation, International Factor Movements: Other, Open Economy Macroeconomics, Economic Growth of Open Economies, Demand and Supply of Labor: General

The paper employs a heuristic comparative approach suggested by Ismail (2009) to search for evidence of Dutch disease in oil-rich countries of the Central African Economic and Monetary Community (CEMAC). While thes...

Regional Economic Outlook, October 2011, Sub-Saharan Africa
			: Sustaining the Expansion

Regional Economic Outlook, October 2011, Sub-Saharan Africa : Sustaining the Expansion »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 October 2011

DOI: http://dx.doi.org/10.5089/9781616351250.086

ISBN: 9781616351250

Keywords: exchange rate, inflation, exchange rate regimes, exporting countries, surveys

This year looks set to be another encouraging one for most sub-Saharan African economies. Reflecting mainly strong demand but also elevated commodity prices, the region's economy is set to expand by more than 51/4...

Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries
			: How do they Differ?

Determinants of Non-oil Growth in the CFA-Zone Oil Producing Countries : How do they Differ? »

Volume/Issue: 2011/233

Series: IMF Working Papers

Author(s): Alexandra Tabova , and Carol Baker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

DOI: http://dx.doi.org/10.5089/9781463921996.001

ISBN: 9781463921996

Keywords: real exchange rate, exchange rate, exporters, oil exporters, Intertemporal Choice and Growth: General, International Policy Coordination and Transmission, Economic Growth of Open Economies,

Non-oil growth in the CFA oil exporting countries has been lackluster despite their great natural resource wealth. In this paper we study the key determinants of non-oil growth and explore to what extent these coun...

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...

Inflation Dynamics in the CEMAC Region

Inflation Dynamics in the CEMAC Region »

Volume/Issue: 2011/232

Series: IMF Working Papers

Author(s): Marcos Poplawski-Ribeiro , Darlena Tartari Schwegler , and Carlos Caceres

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2011

DOI: http://dx.doi.org/10.5089/9781463921965.001

ISBN: 9781463921965

Keywords: pass-through, CEMAC region, monetary fund, monetary policy, inflation dynamics, Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data), Macroeconomic Policy, Macroeconomic Aspects of Public Finance

This paper analyses inflation dynamics in the Central African Economic and Monetary Community (CEMAC) using a constructed dataset for country-specific commodity price indices and panel cointegrated vector autoregre...

Cameroon
			: 2011:  Article IV Consultation:  Staff Report; Debt Sustainability Analysis; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon

Cameroon : 2011: Article IV Consultation: Staff Report; Debt Sustainability Analysis; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2011/266

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2011

DOI: http://dx.doi.org/10.5089/9781463902810.002

ISBN: 9781463902810

Keywords: banking, banking system, public debt, debt sustainability, current account

In this study, Cameroon's economic recovery, low inflation, and positive economic prospects have been ascribed. Efforts to improve non-oil revenue by broadening the tax base, streamlining exemptions, and increasing...

External Sustainability of Oil-Producing Sub-Saharan African Countries

External Sustainability of Oil-Producing Sub-Saharan African Countries »

Volume/Issue: 2011/207

Series: IMF Working Papers

Author(s): Robert York , and Misa Takebe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

DOI: http://dx.doi.org/10.5089/9781463902872.001

ISBN: 9781463902872

Keywords: external sustainability, oil-producing countries, sub-Sahara Africa, current account, current account balance, current account balances, current account deficits, current account surpluses, Macroeconomic - Aspects Of Public Finance, Macroeconomic Policy

In the extensive empirical work carried out across the IMF on oil-producing sub-Saharan African (SSA) countries, the notion of "sustainability" is often directed toward fiscal policies, and, in particular, views on...

The Cyclicality of Fiscal Policies in the CEMAC Region

The Cyclicality of Fiscal Policies in the CEMAC Region »

Volume/Issue: 2011/205

Series: IMF Working Papers

Author(s): Gaston Mpatswe , Sampawende Tapsoba , and Robert York

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2011

DOI: http://dx.doi.org/10.5089/9781463902162.001

ISBN: 9781463902162

Keywords: fiscal procyclicality, monetary union, expenditure, public expenditure, fiscal policies, government spending, Business Fluctuations, And Cycles, macroeconomic - Aspects Of Public Finance, Macroeconomic Policy

This paper examines fiscal cyclicality in the CEMAC region during 1980-2008. The issue has attracted very little empirical interest but is important if fiscal policies are to play a role in mitigating external shoc...

Inequality and Unsustainable Growth
			: Two Sides of the Same Coin?

Inequality and Unsustainable Growth : Two Sides of the Same Coin? »

Volume/Issue: 2011/8

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2011

DOI: http://dx.doi.org/10.5089/9781463926564.006

ISBN: 9781463926564

Keywords: Cross country analysis, Developed countries, Economic growth, Emerging markets, Income distribution, Poverty reduction, sustainable growth, per capita income, external debt, external shocks

This note raises the IMF’s profile on a number of issues related to inequality, unemployment, governance, etc. It builds on earlier empirical work that examined correlations between growth downbreaks/duratio...

La Desigualdad y el Crecimiento Insostenible Pueden ser dos Caras de la Misma Moneda

La Desigualdad y el Crecimiento Insostenible Pueden ser dos Caras de la Misma Moneda »

Volume/Issue: 2011/8

Series: Staff Discussion Notes

Author(s): Jonathan Ostry , and Andrew Berg

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2011

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781498361682.006

ISBN: 9781498361682

Keywords: Income distribution, Developed countries, Developing countries, Economic growth, Emerging markets, Poverty reduction, crecimiento sostenible, ingreso per cápita, deuda externa, shocks externos

En esta nota se presenta el enfoque del FMI con respecto a una serie de cuestiones relacionadas con la desigualdad, el desempleo, la gestión de gobierno, etc. Se basa en estudios empíricos anteriores que examinan l...

Cameroon
			: 2010: Article IV Consultation: Staff Report; Debt Sustainability Analysis; Staff Report Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon

Cameroon : 2010: Article IV Consultation: Staff Report; Debt Sustainability Analysis; Staff Report Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2010/259

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 March 2011

Language: French

DOI: http://dx.doi.org/10.5089/9781455294626.002

ISBN: 9781455294626

Keywords: Article IV consultation reports, Bank supervision, Banking sector, Budgets, Debt sustainability analysis, Economic indicators, External borrowing, Financial management, Staff Reports, banking

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

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...

Export Tax and Pricing Power
			: Two Hypotheses on the Cocoa Market in Côte d'Ivoire

Export Tax and Pricing Power : Two Hypotheses on the Cocoa Market in Côte d'Ivoire »

Volume/Issue: 2010/269

Series: IMF Working Papers

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2010

DOI: http://dx.doi.org/10.5089/9781455210763.001

ISBN: 9781455210763

Keywords: Low-income countries, imperfect competition, C&;amp;#x00F4;te d&;amp;#x2019;Ivoire, export tax, exporters, export taxes, perfect competition, world price, International Factor Movements and International Business: General, Open Economy Macroeconomics,

The paper models export taxation of a primary commodity in a large country under two hypotheses about the structure of its export market. The first is perfect competition among exporters, where there is an indefini...

Direction of Trade Statistics Quarterly, September 2010

Direction of Trade Statistics Quarterly, September 2010 »

Series: Direction of Trade Statistics

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 September 2010

DOI: http://dx.doi.org/10.5089/9781455210497.042

ISBN: 9781455210497

Keywords: export earnings, trade data, balance of payments, trading partners, partner country, free trade, world trade, partner countries, merchandise exports, trade flows

The Direction of Trade Statistics Online service provides data on the value of merchandise exports and imports between each country and all its trading partners. The database includes: total bilateral and multilate...

The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries

The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries »

Volume/Issue: 2010/205

Series: IMF Working Papers

Author(s): Chris Papageorgiou , Andrew Berg , Catherine Pattillo , and Nicola Spatafora

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

DOI: http://dx.doi.org/10.5089/9781455205363.001

ISBN: 9781455205363

Keywords: Global financial crisis, low-income countries, medium- and long-term growth, impulse response functions, growth spells, panel growth regressions, terms of trade, pre-crisis, post-crisis growth, exchange rate regime

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis,...

IMF Interactions with Member Countries

IMF Interactions with Member Countries »

Series: Independent Evaluation Office Reports

Author(s): International Monetary Fund. Independent Evaluation Office

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 August 2010

DOI: http://dx.doi.org/10.5089/9781589069435.017

ISBN: 9781589069435

Keywords: emerging economies, survey, civil society, financial sector, surveys

This report presents the findings of an evaluation of the effectiveness of IMF interactions with its member countries during the period 2001-08, with special emphasis on 2007-08. It analyzes IMF interactions with i...

Cameroon
			: Report on the Observance of Standards and Codes:  Fiscal Transparency Module

Cameroon : Report on the Observance of Standards and Codes: Fiscal Transparency Module »

Volume/Issue: 2010/264

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 August 2010

DOI: http://dx.doi.org/10.5089/9781455205783.002

ISBN: 9781455205783

Keywords: budget law, fiscal transparency, budget documents, budget review, public finance

The report presents a reassessment of fiscal transparency practices in the Republic of Cameroon, in comparison with the principles of the IMF Code of Good Practices on Fiscal Transparency. It is the follow-up to a...

Cameroon
			: 2010:  Article IV Consultation:  Staff Report; Debt Sustainability Analysis; Staff Report Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon

Cameroon : 2010: Article IV Consultation: Staff Report; Debt Sustainability Analysis; Staff Report Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cameroon »

Volume/Issue: 2010/259

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 August 2010

DOI: http://dx.doi.org/10.5089/9781455205776.002

ISBN: 9781455205776

Keywords: budget, debt, deficit, article, public investment

Cameroon showed incipient signs of recovery from the global financial crisis. Although growth performance remained constrained under the Poverty Reduction Growth Facility (PRGF), tax and customs administrations wer...

Cameroon
			: Poverty Reduction Strategy Paper

Cameroon : Poverty Reduction Strategy Paper »

Volume/Issue: 2010/257

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2010

DOI: http://dx.doi.org/10.5089/9781455205752.002

ISBN: 9781455205752

Keywords: employment, vocational training, primary education, primary school, primary schools

The Cameroonian authorities found irregularities while implementing the first Poverty Reduction Strategy Paper (PRSP). The process of revising the strategy of PRSP I has resulted in the growth and employment strate...

Cameroon
			: Poverty Reduction Strategy Paper:  Joint Staff Advisory Note

Cameroon : Poverty Reduction Strategy Paper: Joint Staff Advisory Note »

Volume/Issue: 2010/258

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2010

DOI: http://dx.doi.org/10.5089/9781455205769.002

ISBN: 9781455205769

Keywords: expenditure, gross capital formation, public spending, regional integration, medium-term expenditure framework

The government of Cameroon adopted its first Poverty Reduction Strategy Paper (PRSP) to define the overall framework for its development policies. To adjust the overall objectives and address the weaknesses of the...

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...