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A Governance Dividend for Sub-Saharan Africa?1

A Governance Dividend for Sub-Saharan Africa?1 »

Source: 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

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...

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...

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...

Regional Spillovers in Sub-Saharan Africa

Regional Spillovers in Sub-Saharan Africa »

Source: 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

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...

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...

Public Investment Efficiency in Sub-Saharan African Countries

Public Investment Efficiency in Sub-Saharan African Countries »

Source: 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

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...

Guinea-Bissau: Fifth Review Under the Extended Credit Facility Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review

Guinea-Bissau: Fifth Review Under the Extended Credit Facility Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review »

Source: Guinea- Bissau : Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report

Volume/Issue: 2018/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2018

ISBN: 9781484359235

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Public investment, Debt sustainability, Financial stability, Statistics, Extended arrangement reviews, Extended arrangement extension, Performance criteria waivers

This paper discusses Guinea-Bissau's Fifth Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review. Program implementation for...

Guinea-Bissau: Fifth Review Under The Extended Credit Facility Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review—Debt Sustainability Analysis

Guinea-Bissau: Fifth Review Under The Extended Credit Facility Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review—Debt Sustainability Analysis »

Source: Guinea- Bissau : Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report

Volume/Issue: 2018/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2018

ISBN: 9781484359235

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Public investment, Debt sustainability, Financial stability, Statistics, Extended arrangement reviews, Extended arrangement extension, Performance criteria waivers

This paper discusses Guinea-Bissau's Fifth Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review. Program implementation for...

Guinea-Bissau: Fifth Review Under The Extended Credit Facility Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review—Informational Annex

Guinea-Bissau: Fifth Review Under The Extended Credit Facility Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review—Informational Annex »

Source: Guinea- Bissau : Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report

Volume/Issue: 2018/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2018

ISBN: 9781484359235

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Public investment, Debt sustainability, Financial stability, Statistics, Extended arrangement reviews, Extended arrangement extension, Performance criteria waivers

This paper discusses Guinea-Bissau's Fifth Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review. Program implementation for...

IMF Executive Board Completes Fifth Review Under the ECF Arrangement with Guinea-Bissau, Approves US$ 4.3 Million Disbursement, and Augments Access and Extends Arrangement

IMF Executive Board Completes Fifth Review Under the ECF Arrangement with Guinea-Bissau, Approves US$ 4.3 Million Disbursement, and Augments Access and Extends Arrangement »

Source: Guinea- Bissau : Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report

Volume/Issue: 2018/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2018

ISBN: 9781484359235

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Public investment, Debt sustainability, Financial stability, Statistics, Extended arrangement reviews, Extended arrangement extension, Performance criteria waivers

This paper discusses Guinea-Bissau's Fifth Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review. Program implementation for...

Guinea- Bissau
			: Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report

Guinea- Bissau : Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report »

Volume/Issue: 2018/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2018

DOI: http://dx.doi.org/10.5089/9781484359235.002

ISBN: 9781484359235

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Public investment, Debt sustainability, Financial stability, Statistics, Extended arrangement reviews, Extended arrangement extension, Performance criteria waivers

This paper discusses Guinea-Bissau's Fifth Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review. Program implementation for...

Statement by Mr. Sembene, Exeuctive Director for Guinea-Bissau, and Mr. Romao Lopes Varela, Advisor to the Executive Director June 1, 2018

Statement by Mr. Sembene, Exeuctive Director for Guinea-Bissau, and Mr. Romao Lopes Varela, Advisor to the Executive Director June 1, 2018 »

Source: Guinea- Bissau : Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report

Volume/Issue: 2018/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 June 2018

ISBN: 9781484359235

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Public investment, Debt sustainability, Financial stability, Statistics, Extended arrangement reviews, Extended arrangement extension, Performance criteria waivers

This paper discusses Guinea-Bissau's Fifth Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review. Program implementation for...

Guinea-Bissau: Selected Issues Paper

Guinea-Bissau: Selected Issues Paper »

Source: Guinea- Bissau : Selected Issues Paper

Volume/Issue: 2017/381

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333198

Keywords: Guinea-Bissau, Sub-Saharan Africa

Selected Issues Paper...

Guinea-Bissau: Selected Issues Paper

Guinea-Bissau: Selected Issues Paper »

Source: Guinea- Bissau : Selected Issues Paper

Volume/Issue: 2017/381

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333198

Keywords: Guinea-Bissau, Sub-Saharan Africa

Selected Issues Paper...

Guinea-Bissau: Selected Issues Paper

Guinea-Bissau: Selected Issues Paper »

Source: Guinea- Bissau : Selected Issues Paper

Volume/Issue: 2017/381

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333198

Keywords: Guinea-Bissau, Sub-Saharan Africa

Selected Issues Paper...

Guinea-Bissau: Selected Issues Paper

Guinea-Bissau: Selected Issues Paper »

Source: Guinea- Bissau : Selected Issues Paper

Volume/Issue: 2017/381

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333198

Keywords: Guinea-Bissau, Sub-Saharan Africa

Selected Issues Paper...

Guinea-Bissau: Selected Issues Paper

Guinea-Bissau: Selected Issues Paper »

Source: Guinea- Bissau : Selected Issues Paper

Volume/Issue: 2017/381

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333198

Keywords: Guinea-Bissau, Sub-Saharan Africa

Selected Issues Paper...

Guinea-Bissau: Selected Issues Paper

Guinea-Bissau: Selected Issues Paper »

Source: Guinea- Bissau : Selected Issues Paper

Volume/Issue: 2017/381

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333198

Keywords: Guinea-Bissau, Sub-Saharan Africa

Selected Issues Paper...

Guinea-Bissau: Staff Report for the 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review

Guinea-Bissau: Staff Report for the 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review »

Source: Guinea- Bissau : 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 2017/380

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333150

Keywords: Sub-Saharan Africa, Guinea-Bissau

Background: The three-year arrangement under the Extended Credit Facility (ECF) was approved on July 10, 2015. Guinea-Bissau obtained a primary disbursement (SDR 2.84 million, 10 percent of quota) upon approval of...

Guinea-Bissau: Staff Report for the 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review—Debt Sustainability Analysis

Guinea-Bissau: Staff Report for the 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review—Debt Sustainability Analysis »

Source: Guinea- Bissau : 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 2017/380

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333150

Keywords: Sub-Saharan Africa, Guinea-Bissau

Background: The three-year arrangement under the Extended Credit Facility (ECF) was approved on July 10, 2015. Guinea-Bissau obtained a primary disbursement (SDR 2.84 million, 10 percent of quota) upon approval of...

Guinea-Bissau: Staff Report for the 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review—Informational Annex

Guinea-Bissau: Staff Report for the 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review—Informational Annex »

Source: Guinea- Bissau : 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 2017/380

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333150

Keywords: Sub-Saharan Africa, Guinea-Bissau

Background: The three-year arrangement under the Extended Credit Facility (ECF) was approved on July 10, 2015. Guinea-Bissau obtained a primary disbursement (SDR 2.84 million, 10 percent of quota) upon approval of...

IMF Executive Board Completes Fourth Review Under the ECF Arrangement, Approves US$ 4.3 Million Disbursement, and Concludes 2017 Article IV Consultation with Guinea-Bissau

IMF Executive Board Completes Fourth Review Under the ECF Arrangement, Approves US$ 4.3 Million Disbursement, and Concludes 2017 Article IV Consultation with Guinea-Bissau »

Source: Guinea- Bissau : 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 2017/380

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333150

Keywords: Sub-Saharan Africa, Guinea-Bissau

Background: The three-year arrangement under the Extended Credit Facility (ECF) was approved on July 10, 2015. Guinea-Bissau obtained a primary disbursement (SDR 2.84 million, 10 percent of quota) upon approval of...

Guinea- Bissau
			: Selected Issues Paper

Guinea- Bissau : Selected Issues Paper »

Volume/Issue: 2017/381

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

DOI: http://dx.doi.org/10.5089/9781484333198.002

ISBN: 9781484333198

Keywords: Guinea-Bissau, Sub-Saharan Africa

Selected Issues Paper...

Guinea- Bissau
			: 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Guinea- Bissau : 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau »

Volume/Issue: 2017/380

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

DOI: http://dx.doi.org/10.5089/9781484333150.002

ISBN: 9781484333150

Keywords: Sub-Saharan Africa, Guinea-Bissau

Background: The three-year arrangement under the Extended Credit Facility (ECF) was approved on July 10, 2015. Guinea-Bissau obtained a primary disbursement (SDR 2.84 million, 10 percent of quota) upon approval of...

Statement by the Executive Director, Mr. Daouda Sembene on Guinea-Bissau December 11, 2017

Statement by the Executive Director, Mr. Daouda Sembene on Guinea-Bissau December 11, 2017 »

Source: Guinea- Bissau : 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 2017/380

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 December 2017

ISBN: 9781484333150

Keywords: Sub-Saharan Africa, Guinea-Bissau

Background: The three-year arrangement under the Extended Credit Facility (ECF) was approved on July 10, 2015. Guinea-Bissau obtained a primary disbursement (SDR 2.84 million, 10 percent of quota) upon approval of...

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...

Medium-Term Budget Frameworks in Sub-Saharan African Countries

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

Source: 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

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 »

Source: 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

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...

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...

Guinea-Bissau: Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review

Guinea-Bissau: Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review »

Source: Guinea-Bissau : Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release and Staff Report

Volume/Issue: 2017/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2017

ISBN: 9781484311158

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Financial intermediation, Fiscal reforms, Private sector, Extended arrangement reviews, Performance criteria waivers, Economic indicators, Balance of payments statistics

This paper discusses Guinea-Bissau's Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. Program implem...

Guinea-Bissau
			: Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release and Staff Report

Guinea-Bissau : Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release and Staff Report »

Volume/Issue: 2017/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2017

DOI: http://dx.doi.org/10.5089/9781484311158.002

ISBN: 9781484311158

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Financial intermediation, Fiscal reforms, Private sector, Extended arrangement reviews, Performance criteria waivers, Economic indicators, Balance of payments statistics

This paper discusses Guinea-Bissau's Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. Program implem...

IMF Executive Board Completes Third Review Under the ECF Arrangement with Guinea-Bissau and Approves US$ 4.1 Million Disbursement

IMF Executive Board Completes Third Review Under the ECF Arrangement with Guinea-Bissau and Approves US$ 4.1 Million Disbursement »

Source: Guinea-Bissau : Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release and Staff Report

Volume/Issue: 2017/228

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 July 2017

ISBN: 9781484311158

Keywords: Extended Credit Facility, Economic growth, Fiscal policy, Financial intermediation, Fiscal reforms, Private sector, Extended arrangement reviews, Performance criteria waivers, Economic indicators, Balance of payments statistics

This paper discusses Guinea-Bissau's Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. Program implem...

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....

The Informal Economy in Sub-Saharan Africa

The Informal Economy in Sub-Saharan Africa »

Source: 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

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....

Chapter 4. Conclusion

Chapter 4. Conclusion »

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

Series: Departmental Papers / Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475583397

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

Structural transformation in output and employment in sub-Saharan Africa has become a major concern of development economists. This is because analysis of past trends suggests that while the output transform...

Chapter 1. Output, Demographic, and Employment Transformation in Sub-Saharan Africa and Asia

Chapter 1. Output, Demographic, and Employment Transformation in Sub-Saharan Africa and Asia »

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

Series: Departmental Papers / Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475583397

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

Structural transformation has become a widely used macroeconomic measure of the quality of the economic development process. 1 It is widely accepted that in order for it to happen...

Chapter 3. Projecting Output, Employment, and Productivity Forward through 2020

Chapter 3. Projecting Output, Employment, and Productivity Forward through 2020 »

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

Series: Departmental Papers / Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475583397

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

This chapter uses the previously developed output and employment projections and analyzes what they mean for medium-term structural transformation in sub-Saharan Africa. The methodology for the projections i...

Chapter 2. Transformation and Productivity: Comparison with Asia

Chapter 2. Transformation and Productivity: Comparison with Asia »

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

Series: Departmental Papers / Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475583397

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

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

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....

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

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

Source: 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

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....

Back Matter

Back Matter »

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

Series: Departmental Papers / Policy Papers

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 April 2017

ISBN: 9781475583397

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

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

Guinea-Bissau: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Re-Phasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review—Informational Annex

Guinea-Bissau: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Re-Phasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review—Informational Annex »

Source: Guinea-Bissau : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 1919/16

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 December 2016

ISBN: 9781475561678

Keywords: Banking sector, Debt sustainability analysis, Extended Credit Facility, Fiscal policy, Guinea-Bissau, Economic indicators, Economic conditions, Economic growth, Letters of Intent, Press releases

This paper discusses Guinea-Bissau's First and Second Reviews Under the Extended Credit Facility (ECF) arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria, and Financing Assura...

Guinea-Bissau: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review

Guinea-Bissau: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review »

Source: Guinea-Bissau : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 1919/16

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 December 2016

ISBN: 9781475561678

Keywords: Banking sector, Debt sustainability analysis, Extended Credit Facility, Fiscal policy, Guinea-Bissau, Economic indicators, Economic conditions, Economic growth, Letters of Intent, Press releases

This paper discusses Guinea-Bissau's First and Second Reviews Under the Extended Credit Facility (ECF) arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria, and Financing Assura...

IMF Executive Board Completes First and Second Reviews of Guinea-Bissau’s Arrangement Under the Extended Credit Facility, and Approves US$6.9 Million Disbursement

IMF Executive Board Completes First and Second Reviews of Guinea-Bissau’s Arrangement Under the Extended Credit Facility, and Approves US$6.9 Million Disbursement »

Source: Guinea-Bissau : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 1919/16

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 December 2016

ISBN: 9781475561678

Keywords: Banking sector, Debt sustainability analysis, Extended Credit Facility, Fiscal policy, Guinea-Bissau, Economic indicators, Economic conditions, Economic growth, Letters of Intent, Press releases

This paper discusses Guinea-Bissau's First and Second Reviews Under the Extended Credit Facility (ECF) arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria, and Financing Assura...

Guinea-Bissau
			: First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Guinea-Bissau : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau »

Volume/Issue: 1919/16

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 December 2016

DOI: http://dx.doi.org/10.5089/9781475561678.002

ISBN: 9781475561678

Keywords: Banking sector, Debt sustainability analysis, Extended Credit Facility, Fiscal policy, Guinea-Bissau, Economic indicators, Economic conditions, Economic growth, Letters of Intent, Press releases

This paper discusses Guinea-Bissau's First and Second Reviews Under the Extended Credit Facility (ECF) arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria, and Financing Assura...

Statement by Executive Director, Mr. Daouda Sembene and Advisor of the Executive Director, Mr. Romao Lopes Varela, December 2, 2016

Statement by Executive Director, Mr. Daouda Sembene and Advisor of the Executive Director, Mr. Romao Lopes Varela, December 2, 2016 »

Source: Guinea-Bissau : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Volume/Issue: 1919/16

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 December 2016

ISBN: 9781475561678

Keywords: Banking sector, Debt sustainability analysis, Extended Credit Facility, Fiscal policy, Guinea-Bissau, Economic indicators, Economic conditions, Economic growth, Letters of Intent, Press releases

This paper discusses Guinea-Bissau's First and Second Reviews Under the Extended Credit Facility (ECF) arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria, and Financing Assura...

Food Inflation in Sub-Saharan Africa

Food Inflation in Sub-Saharan Africa »

Source: 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

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...

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...

Sub-Saharan African Migration

Sub-Saharan African Migration »

Source: 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

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...

3. Boosting Financial Sector Development

3. Boosting Financial Sector Development »

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

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

ISBN: 9781475532401

Sound macroeconomic fundamentals have been driving financial development in sub-Saharan African countries, while weak institutional quality has been hindering it in many countries of the region....

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...

5. Ensuring Continued Financial Stability

5. Ensuring Continued Financial Stability »

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

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

ISBN: 9781475532401

Key financial stability indicators—while stronger than in the past—have come under pressure more recently, possible presaging a slower pace of financial development in the future. Progress in su...

2. Financial Development, Growth, and Volatility

2. Financial Development, Growth, and Volatility »

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

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

ISBN: 9781475532401

Empirical estimates suggest that financial development has supported growth and reduced its volatility in sub-Saharan Africa. It has facilitated other economic policies in enhancing growth and s...

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

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

Source: 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

ISBN: 9781475532401

Financial Development in Sub-Saharan Africa...

Back Matter

Back Matter »

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

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

ISBN: 9781475532401

Financial Development in Sub-Saharan Africa...

6. Policies for Supporting Financial Development and Stability

6. Policies for Supporting Financial Development and Stability »

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

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

ISBN: 9781475532401

While financial development has contributed to economic growth and reduced its volatility in sub-Saharan Africa, the region is well below its possibility frontier. To reap the full benefits of f...

4. Promoting Financial Inclusion

4. Promoting Financial Inclusion »

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

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

ISBN: 9781475532401

Access to traditional financial services in sub-Saharan Africa remains low relative to other regions, in particular for the poor, the uneducated, and women. Closing gaps in financial inclusion,...

1. Tracking Financial Development

1. Tracking Financial Development »

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

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

ISBN: 9781475532401

In most sub-Saharan African countries, financial development has progressed over the past four decades. However, with the exception of the region’s middle-income countries, both financial market...

6. Conclusions

6. Conclusions »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

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

5. Country Case Studies

5. Country Case Studies »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

This chapter examines the experience of three countries to establish and implement fiscal frameworks aimed at generating financial savings for rainy days: Nigeria, Botswana, and Chile....

Cyclical Behavior of Fiscal Policy among Sub-Saharan African Countries

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

Source: 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

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...

Back Matter

Back Matter »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

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...

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...

2. How to Measure the Degree of Fiscal Procyclicality

2. How to Measure the Degree of Fiscal Procyclicality »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

The focus of this paper is to analyze the link between the fiscal policy stance and economic activity in sub-Saharan Africa between 2000 and 2014, a period marked by relatively high rates of growth, a substa...

1. Introduction

1. Introduction »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

The cyclical behavior of fiscal policy affects sub-Saharan African countries because many of them depend on commodity exports or have been gaining access to international capital markets in recent years, and...

Overview

Overview »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

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 degr...

3. To What Extent Has the Fiscal Policy Been Procyclical among Sub-Saharan African Countries?

3. To What Extent Has the Fiscal Policy Been Procyclical among Sub-Saharan African Countries? »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

The Business Cycle in Sub-Saharan Africa First, this chapter illustrates the stylized facts of the business cycle dynamics among sub-Saharan African countries in recent years. While...

4. What Explains the Degree of Fiscal Policy Procyclicality among Sub-Saharan African Countries?

4. What Explains the Degree of Fiscal Policy Procyclicality among Sub-Saharan African Countries? »

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

Series: Departmental Papers / Policy Papers

Author(s): Tetsuya Konuki , and Mauricio Villafuerte

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 August 2016

ISBN: 9781513563541

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

This chapter examines factors that may influence the way fiscal policy has been conducted over the business cycle—that is, the degree of fiscal policy procyclicality—in each of the sample sub-Saharan African...

Fixed Base Year vs. Chain Linking in National Accounts

Fixed Base Year vs. Chain Linking in National Accounts »

Source: 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

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...

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...

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

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

Source: 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

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...

Inequality, Gender Gaps and Economic Growth

Inequality, Gender Gaps and Economic Growth »

Source: 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

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...

Building Integrated Economies in West Africa
			: Lessons in Managing Growth, Inclusiveness, and Volatility

Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility »

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

DOI: http://dx.doi.org/10.5089/9781513511832.071

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, a...

Back Matter

Back Matter »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, a...

Front Matter

Front Matter »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The West African Economic and Monetary Union (WAEMU) has a long and varied history, and this book examines how the WAEMU can achieve its development and stability objectives, improve the livelihood of its people, a...

Chapter 16. Country Effects of a Single Monetary Policy

Chapter 16. Country Effects of a Single Monetary Policy »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The transmission to individual West African Economic and Monetary Union (WAEMU) countries of the Central Bank of West African States’ (BCEAO’s) single monetary policy has remained, on average, l...

Chapter 20. Financial Development: Level, Depth, and Access

Chapter 20. Financial Development: Level, Depth, and Access »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The level of the financial sector development in the West African Economic and Monetary Union (WAEMU) can be assessed with respect to its depth, breadth, and access to financial services by comp...

Chapter 21. Financial Inclusion

Chapter 21. Financial Inclusion »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

West African Economic and Monetary Union (WAEMU) countries lag behind benchmark countries in several dimensions of financial inclusion: access to finance is low, especially for the most vulnerab...

Chapter 22. Financial Sector Stability

Chapter 22. Financial Sector Stability »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Financial stability is critical for the proper functioning of the financial system and is critical for growth. In the West African Economic and Monetary Union (WAEMU), a significant strengthenin...

Chapter 19. Financial System Structure

Chapter 19. Financial System Structure »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The financial system in the West African Economic and Monetary Union (WAEMU) is dominated by the banking sector, but is evolving rapidly with the emergence of new transnational banking groups an...

Chapter 8. Financing Growth

Chapter 8. Financing Growth »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The West African Economic and Monetary Union (WAEMU) region faces the challenge of mobilizing resources for growth financing. The regional financial market has grown substantially in the past de...

Chapter 10. Fiscal Discipline: Rules and Markets

Chapter 10. Fiscal Discipline: Rules and Markets »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Are fiscal rules and market discipline effective in ensuring fiscal sustainability in the West African Economic and Monetary Union (WAEMU)? Achieving fiscal discipline in a monetary union withou...

Chapter 9. Fiscal Rules and Institutions

Chapter 9. Fiscal Rules and Institutions »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Fiscal policy is the main policy tool available to West African Economic and Monetary Union (WAEMU) countries, and is critical to the stability of the monetary union. In the WAEMU, the fixed exc...

Chapter 12. Fiscal Space and Investment Scaling Up

Chapter 12. Fiscal Space and Investment Scaling Up »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

West African Economic and Monetary Union (WAEMU) countries face an important common challenge of creating sufficient fiscal space to finance ambitious growth, development, and poverty-reduction...

Chapter 26. Foreign Investment in Government Debt

Chapter 26. Foreign Investment in Government Debt »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Foreign investment in the West African Economic and Monetary Union (WAEMU) remains limited. Even government debt, the least risky investment instrument, attracts very little attention from nonre...

Chapter 7. Growth Inclusiveness and Equality

Chapter 7. Growth Inclusiveness and Equality »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Growth performance depends heavily on its distributional characteristics. The fundamental question is equality, that is, whether the benefits of growth are shared equally across different income...

Chapter 1. Institutional Arrangements and Regional Integration

Chapter 1. Institutional Arrangements and Regional Integration »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The West African Economic and Monetary Union (WAEMU) is a currency and a customs union. Improved competitiveness, economic convergence, common market, policy coordination, and law harmonization...

Chapter 27. Integration and Poverty Reduction

Chapter 27. Integration and Poverty Reduction »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

West African Economic and Monetary Union (WAEMU) experience shows that economic integration may have a significant impact on poverty reduction, even if the “growth channel” is weak. On the one h...

Chapter 17. Liquidity Injections and Risks

Chapter 17. Liquidity Injections and Risks »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

In 2013, the liquidity position of the commercial banking system vis-à-vis the Central Bank of West African States (BCEAO) swung from a structural liquidity surplus to a deficit. This reflected...

Chapter 25. Macroeconomic Implications of Tariff Changes

Chapter 25. Macroeconomic Implications of Tariff Changes »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The common external tariff (CET) for the Economic Community of West African States (ECOWAS), which includes all West African Economic and Monetary Union (WAEMU) countries, became effective in Ja...

Chapter 3. Macroeconomic Policy Coordination

Chapter 3. Macroeconomic Policy Coordination »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

There is a strong theoretical and practical argument for fiscal-monetary policy coordination in the West African Economic and Monetary Union (WAEMU). WAEMU countries conduct independent fiscal p...

Chapter 2. Macroeconomic Setting and Current Challenges

Chapter 2. Macroeconomic Setting and Current Challenges »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Economic growth in the West African Economic and Monetary Union (WAEMU) has been historically low but has increased recently, driven by structural reforms and economic recovery in the region’s l...

Chapter 23. Mobile Banking

Chapter 23. Mobile Banking »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Mobile banking systems present a unique opportunity to increase financial inclusiveness at a relatively low cost and have been largely successful in other sub-Saharan African countries. But ther...

Chapter 18. Monetary Policy and Inflation

Chapter 18. Monetary Policy and Inflation »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

The objective of this chapter is to determine the impact of a change in the key interest rates of the Central Bank of West African States (BCEAO), as well as other e...

Chapter 15. Monetary Policy in a Currency Union

Chapter 15. Monetary Policy in a Currency Union »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Is there scope and need for monetary policy in the West African Economic and Monetary Union (WAEMU)? At first glance the answer would appear to be “no,” as the WAEMU is a currency union with a f...

Chapter 11. Public Investment and Fiscal Rules1

Chapter 11. Public Investment and Fiscal Rules1 »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Public investment in the West African Economic and Monetary Union (WAEMU) has been pro-cyclical. Evidence from a panel of low-income and lower middle-income countries suggests that, contrary to...

Chapter 4. Quest for Higher Growth

Chapter 4. Quest for Higher Growth »

Source: Building Integrated Economies in West Africa : Lessons in Managing Growth, Inclusiveness, and Volatility

Series: Books

Author(s): Alexei Kireyev

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2016

ISBN: 9781513511832

Keywords: Fiscal policy, Monetary unions, West African Economic and Monetary Union, West African Monetary Union, Inclusive growth, Currency unions, tax, monetary policy, market, interest

Growth takeoff in Africa has been one of the salient facts of the global economy in the last two decades. However, while per capita GDP has more than doubled in faster-growing sub-Saharan econom...