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Nigeria
			: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria

Nigeria : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria »

Volume/Issue: 2019/92

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2019

DOI: http://dx.doi.org/10.5089/9781498306140.002

ISBN: 9781498306140

Keywords: Economic recovery, Economic growth, Central banks, Development, Monetary policy, CBN, non-oil, central bank of Nigeria, exchange rate, percent

Nigeria's economy is still recovering from the substantial terms-of-trade shock that triggered the 2016 recession. Over the past two years, the rebound in oil prices, a tight monetary policy, and a convergence in f...

Nigeria
			: Selected Issues

Nigeria : Selected Issues »

Volume/Issue: 2019/93

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2019

DOI: http://dx.doi.org/10.5089/9781498306225.002

ISBN: 9781498306225

Keywords: Economic growth, Economic recovery, Development, Private sector, Poverty, Logit, firm performance, EITI, Eurobond, AML

Selected Issues...

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...

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...

Regional Economic Outlook, April 2018, Sub-Saharan Africa
			: Domestic Revenue Mobilization and Private Investment

Regional Economic Outlook, April 2018, Sub-Saharan Africa : Domestic Revenue Mobilization and Private Investment »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2018

DOI: http://dx.doi.org/10.5089/9781484339862.086

ISBN: 9781484339862

Keywords: Economic situation, Economic growth, Africa, Oil exporting countries, Investment policy, Investment

The region is seeing a modest growth uptick, but this is not uniform and the medium-term outlook remains subdued. Growth is projected to rise to 3.4 percent in 2018, from 2.8 percent in 2017, on the back of improve...

Regional Economic Outlook, April 2018, Sub-Saharan Africa
			: Domestic Revenue Mobilization and Private Investment

Regional Economic Outlook, April 2018, Sub-Saharan Africa : Domestic Revenue Mobilization and Private Investment »

Series: Regional Economic Outlook

Author(s): Céline Allard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 May 2018

Language: French

DOI: http://dx.doi.org/10.5089/9781484348918.086

ISBN: 9781484348918

The region is seeing a modest growth uptick, but this is not uniform and the medium-term outlook remains subdued. Growth is projected to rise to 3? percent in 2018, from 2? percent in 2017, on the back of improved...

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...

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

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

Volume/Issue: 2018/63

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2018

DOI: http://dx.doi.org/10.5089/9781484345467.002

ISBN: 9781484345467

Keywords: Nigeria, Sub-Saharan Africa

The Nigerian economy is slowly exiting recession but remains vulnerable. Rising oil prices, new foreign exchange (FX) measures, attractive yields on government securities, and a tighter monetary policy have contrib...

Nigeria
			: Selected Issues

Nigeria : Selected Issues »

Volume/Issue: 2018/64

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 March 2018

DOI: http://dx.doi.org/10.5089/9781484345481.002

ISBN: 9781484345481

Keywords: Nigeria, Sub-Saharan Africa

Selected Issues...

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....

Multi-Country Report
			: Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report

Multi-Country Report : Ensuring Financial Stability in Countries with Islamic Banking-Case Studies-Press Release; Staff Report »

Volume/Issue: 2017/145

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Middle East and Central Asia Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 June 2017

DOI: http://dx.doi.org/10.5089/9781484302996.002

ISBN: 9781484302996

Keywords: Asia and Pacific, Bahrain, Djibouti, Europe, Indonesia, Kenya, Kuwait, Malaysia, Middle East, Nigeria

This paper presents country experiences with reforms to strengthen regulatory oversight of the Islamic banking sector. Based on the selected country experiences, a number of important lessons and policy options can...

Regional Economic Outlook, April 2017, Sub-Saharan Africa

Regional Economic Outlook, April 2017, Sub-Saharan Africa »

Series: Regional Economic Outlook

Author(s): Céline Allard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

DOI: http://dx.doi.org/10.5089/9781475574463.086

ISBN: 9781475574463

Growth momentum in sub-Saharan Africa remains fragile, marking a break from the rapid expansion witnessed since the turn of the millennium. 2016 was a difficult year for many countries, with regional growth dipping...

Regional Economic Outlook, April 2017, Sub-Saharan Africa

Regional Economic Outlook, April 2017, Sub-Saharan Africa »

Series: Regional Economic Outlook

Author(s): Céline Allard

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 May 2017

Language: French

DOI: http://dx.doi.org/10.5089/9781475574999.086

ISBN: 9781475574999

La dynamique de croissance en Afrique subsaharienne demeure fragile, ce qui représente une rupture par rapport à la rapide expansion qui avait été enregistrée depuis le début du millénaire. L'année 2016 a été diffi...

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....

Nigeria
			: 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Nigeria

Nigeria : 2017 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Nigeria »

Volume/Issue: 2017/80

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2017

DOI: http://dx.doi.org/10.5089/9781475591903.002

ISBN: 9781475591903

Keywords: Nigeria, Sub-Saharan Africa

This 2017 Article IV Consultation highlights low oil prices' and falling oil production's blow to the Nigerian economy. The country entered a recession in 2016, with growth contracting by 1.5 percent. Annual inflat...

Nigeria
			: Selected Issues

Nigeria : Selected Issues »

Volume/Issue: 2017/81

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 April 2017

DOI: http://dx.doi.org/10.5089/9781475591910.002

ISBN: 9781475591910

Keywords: Nigeria, Sub-Saharan Africa

This Selected Issues paper examines the role of lower oil prices in the recent deterioration in Nigeria's macroeconomic indicators, the impact on corporate and financial sector performance. and the forward-looking...

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...

Political Institutions, State Building, and Tax Capacity
			: Crossing the Tipping Point

Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point »

Volume/Issue: 2016/233

Series: IMF Working Papers

Author(s): Vitor Gaspar , Laura Jaramillo , and Philippe Wingender

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 December 2016

DOI: http://dx.doi.org/10.5089/9781475558142.001

ISBN: 9781475558142

Keywords: Nigeria, Political economy, Income taxes, Taxation, Tax evasion, Sub-Saharan Africa, Tax administration, Spain, Western Hemisphere, China

An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the...

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...

Regional Economic Outlook, October 2016, Sub-Saharan Africa

Regional Economic Outlook, October 2016, Sub-Saharan Africa »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 October 2016

Language: French

DOI: http://dx.doi.org/10.5089/9781475539080.086

ISBN: 9781475539080

Economic growth in sub-Saharan Africa this year is set to drop to its lowest level in more than 20 years, reflecting the adverse external environment, and a lackluster policy response in many countries. However, th...

Regional Economic Outlook, October 2016, Sub-Saharan Africa

Regional Economic Outlook, October 2016, Sub-Saharan Africa »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 October 2016

DOI: http://dx.doi.org/10.5089/9781513595979.086

ISBN: 9781513595979

Economic growth in sub-Saharan Africa this year is set to drop to its lowest level in more than 20 years, reflecting the adverse external environment, and a lackluster policy response in many countries. However, th...

How to Adjust to a Large Fall in Commodity Prices

How to Adjust to a Large Fall in Commodity Prices »

Volume: 16

Series: Fiscal Affairs Department How-To Notes

Author(s): Paulo Medas , Veronique Salins , and Jeff Danforth

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 September 2016

DOI: http://dx.doi.org/10.5089/9781475536065.061

ISBN: 9781475536065

Keywords: Asia and Pacific, Canada, Chile, Commodity prices, Malaysia, Natural resources, Nigeria, Sub-Saharan Africa, Western Hemisphere, Commodity boom

Resource-rich countries have to manage highly volatile commodity revenues. In periods of revenue booms there is a tendency for large spending scale-ups. When facing large and persistent reductions in commodity pric...

An Assessment of the Exchange Rate Pass-Through in Angola and Nigeria

An Assessment of the Exchange Rate Pass-Through in Angola and Nigeria »

Volume/Issue: 2016/191

Series: IMF Working Papers

Author(s): Ana Lariau , Moataz El-Said , and Misa Takebe

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2016

DOI: http://dx.doi.org/10.5089/9781475537529.001

ISBN: 9781475537529

Keywords: Exchage rate path-through, monetary policy, inflation, Sub-Sahara Africa, oil-producing countries.

This paper estimates the exchange rate pass-through to consumer price inflation in Angola and Nigeria, with particular emphasis on the changes of the pass-through over time. Even though the two countries share smil...

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...

Democratic Republic of São Tomé and Príncipe
			: 2016 Article IV Consultation, First Review under the Extended Credit Facility, and Request for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Exective Director for the Democratic Republic of São Tomé and Príncipe

Democratic Republic of São Tomé and Príncipe : 2016 Article IV Consultation, First Review under the Extended Credit Facility, and Request for Waiver for Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Exective Director for the Democratic Republic of São Tomé and Príncipe »

Volume/Issue: 2016/174

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2016

DOI: http://dx.doi.org/10.5089/9781498307444.002

ISBN: 9781498307444

Keywords: debt, poverty, monetary fund, commercial banks, market

This paper discusses recent economic developments and economic outlook and risks of São Tomé and Príncipe. Although São Tomé and Príncipe's economic development is constrained by its insularity, fragility, limited...

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...

Regional Economic Outlook, April 2016, Sub-Saharan Africa
			: Time for a Policy Reset

Regional Economic Outlook, April 2016, Sub-Saharan Africa : Time for a Policy Reset »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2016

DOI: http://dx.doi.org/10.5089/9781498388139.086

ISBN: 9781498388139

Keywords: Commodity price fluctuations, Terms of trade, financial development, commodity, exchange, debt, exchange rate

Economic growth in sub-Saharan Africa as a whole has fallen to its lowest level in 15 years, though with large variation among countries in the region. The sharp decline in commodity prices has severely strained ma...

Regional Economic Outlook, April 2016, Sub-Saharan Africa
			: Time for a Policy Reset

Regional Economic Outlook, April 2016, Sub-Saharan Africa : Time for a Policy Reset »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2016

Language: French

DOI: http://dx.doi.org/10.5089/9781484309841.086

ISBN: 9781484309841

Keywords: Commodity price fluctuations, Terms of trade, financial development, commodity, exchange, debt, exchange rate

Economic growth in sub-Saharan Africa as a whole has fallen to its lowest level in 15 years, though with large variation among countries in the region. The sharp decline in commodity prices has severely strained ma...

Nigeria
			: 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Nigeria

Nigeria : 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Nigeria »

Volume/Issue: 2016/101

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2016

DOI: http://dx.doi.org/10.5089/9781484320037.002

ISBN: 9781484320037

Keywords: exchange, monetary fund, exchange rate, oil prices, revenue

This paper discusses outlook and risk for Nigeria. Its economy has been hit hard by global developments that have aggravated longstanding development weaknesses. Macrofinancial outcomes are closely linked with the...

Nigeria
			: Selected Issues

Nigeria : Selected Issues »

Volume/Issue: 2016/102

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 April 2016

DOI: http://dx.doi.org/10.5089/9781475550559.002

ISBN: 9781475550559

Keywords: pih, oil price, investment, expenditure, financial savings

This paper discusses a few selected issues of the Nigerian economy-options and strategies for a fiscal rule for oil wealth management, enhancing the effectiveness of monetary policy, and recent developments and pro...

Unintended Consequences

Unintended Consequences »

Volume/Issue: 2016/17

Series: IMF Working Papers

Author(s): Montfort Mlachila , Edgardo Ruggiero , and David Corvino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 February 2016

DOI: http://dx.doi.org/10.5089/9781475591620.001

ISBN: 9781475591620

Keywords: fuel pricing, prices, market, price, demand, retail, International Relations and International Political Economy: General, General,, Optimal taxation, Smuggling

This paper examines the constraints that negative externalities (i.e., smuggling from a large neighbor) impose on the application of automatic fuel price adjustment mechanisms. It is often recommended to establish...

Commodity Price Shocks and Financial Sector Fragility

Commodity Price Shocks and Financial Sector Fragility »

Volume/Issue: 2016/12

Series: IMF Working Papers

Author(s): Tidiane Kinda , Montfort Mlachila , and Rasmané Ouedraogo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2016

DOI: http://dx.doi.org/10.5089/9781498328722.001

ISBN: 9781498328722

Keywords: financial sector fragility, commodity, price, commodity price, prices, financial sector, General, Financial Markets and the Macroeconomy, Government Policy and Regulation, All Countries

This paper investigates the impact of commodity price shocks on financial sector fragility. Using a large sample of 71 commodity exporters among emerging and developing economies, it shows that negative shocks to c...

International Sovereign Bonds by Emerging Markets and Developing Economies
			: Drivers of Issuance and Spreads

International Sovereign Bonds by Emerging Markets and Developing Economies : Drivers of Issuance and Spreads »

Volume/Issue: 2015/275

Series: IMF Working Papers

Author(s): Andrea Presbitero , Dhaneshwar Ghura , Olumuyiwa Adedeji , and Lamin Njie

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 December 2015

DOI: http://dx.doi.org/10.5089/9781513581729.001

ISBN: 9781513581729

Keywords: Sovereign bond issuance, bond spreads, developing countries, bonds, sovereign bonds, bond, markets, sovereign bond, International Lending and Debt Problems, Asset Pricing

What determines the ability of low-income developing countries to issue bonds in international capital and what explains the spreads on these bonds? This paper examines these questions using a dataset that includes...

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...

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...

Evolving Banking Trends in Sub-Saharan Africa
			: Key Features and Challenges

Evolving Banking Trends in Sub-Saharan Africa : Key Features and Challenges »

Volume: 15

Series: Departmental Papers / Policy Papers

Author(s): Mauro Mecagni , Daniela Marchettini , and Rodolfo Maino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 September 2015

DOI: http://dx.doi.org/10.5089/9781513598246.087

ISBN: 9781513598246

Keywords: Bank supervision, Banking sector, International banks, Cross-border banking, Sub-Saharan Africa, Regional integration, bank, banks, banking, loans

Banking in SSA has undergone very significant changes over the last two decades. Financial liberalization and related reforms, upgrades in institutional and more recently the expansion of cross-border banking activ...

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...

Household Financial Access and Risk Sharing in Nigeria

Household Financial Access and Risk Sharing in Nigeria »

Volume/Issue: 2015/169

Series: IMF Working Papers

Author(s): Stacy Carlson , Era Dabla-Norris , Mika Saito , and Yu Shi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 July 2015

DOI: http://dx.doi.org/10.5089/9781513506692.001

ISBN: 9781513506692

Keywords: Financial access, Risk-Sharing, Household Panel Data, household, savings, households, credit,

We examine the role of household financial access in determining the extent of risksharing in Nigeria using household-level panel data. We estimate changes in the response of consumption to shocks for households wi...

Designing Legal Frameworks for Public Debt Management

Designing Legal Frameworks for Public Debt Management »

Volume/Issue: 2015/147

Series: IMF Working Papers

Author(s): Elsie Addo Awadzi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 July 2015

DOI: http://dx.doi.org/10.5089/9781513529561.001

ISBN: 9781513529561

Keywords: National Debt, Government loans and guarantees, Legal framework for Public Debt Management, debt, public debt, legal framework, Governmental Loans and Credits,

Sustainable public debt has gained renewed attention as countries implement fiscal consolidation measures in the aftermath of the global financial crisis. Sound public debt policies and debt management practices re...

Côte D'Ivoire
			: Seventh Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria

Côte D'Ivoire : Seventh Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria »

Volume/Issue: 2015/147

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 June 2015

DOI: http://dx.doi.org/10.5089/9781513533346.002

ISBN: 9781513533346

Keywords: deficit, monetary fund, fiscal deficit, investment, debt

This paper discusses Côte d'Ivoire's Seventh Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria (PCs). Performance under the IMF-supported program conti...

Pan-African Banks
			: Opportunities and Challenges for Cross-Border Oversight

Pan-African Banks : Opportunities and Challenges for Cross-Border Oversight »

Series: Departmental Papers / Policy Papers

Author(s): Charles Enoch , Paul Mathieu , Mauro Mecagni , and Jorge Canales Kriljenko

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 April 2015

DOI: http://dx.doi.org/10.5089/9781498365444.087

ISBN: 9781498365444

Keywords: Banking systems, Bank supervision, Bank soundness, Cross country analysis, Cross-border banking, Sub-Saharan Africa, Systemically important financial institutions, bank, banks, banking

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fo...

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...

Regional Economic Outlook, April 2015,  Sub-Saharan Africa
			: Navigating Headwinds

Regional Economic Outlook, April 2015, Sub-Saharan Africa : Navigating Headwinds »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 April 2015

DOI: http://dx.doi.org/10.5089/9781498329842.086

ISBN: 9781498329842

Keywords: trade, income, exchange, prices, gdp

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...

Nigeria
			: Staff Report for the 2014 Article IV Consultation

Nigeria : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2015/84

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2015

DOI: http://dx.doi.org/10.5089/9781484306307.002

ISBN: 9781484306307

Keywords: monetary fund, exchange, investment, poverty, Debt sustainability analyssi,

This 2014 Article IV Consultation highlights that inflation in Nigeria has remained in single digits for two years, and the banking sector, which has a strong capital base, is expanding credit. The trade surplus ha...

Nigeria
			: Selected Issues Paper

Nigeria : Selected Issues Paper »

Volume/Issue: 2015/85

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 March 2015

DOI: http://dx.doi.org/10.5089/9781484307151.002

ISBN: 9781484307151

Keywords: revenue, development, consumption, credit, subsidies

This Selected Issues paper discusses promotion of economic transformation in Nigeria. Nigeria's long-term potential is keyed on promoting economic transformation. This implies taking stock of initial conditions, as...

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...

Reforma de los subsidios a la energía
			: Lecciones e implicaciones

Reforma de los subsidios a la energía : Lecciones e implicaciones »

Series: Books

Author(s): Benedict Clements , David Coady , Stefania Fabrizio , Sanjeev Gupta , Trevor Alleyne , and Carlo Sdralevich

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 November 2014

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781484380109.071

ISBN: 9781484380109

Keywords: subsidios a la energía, subsidios, energía

Los subsidios a la energía tienen consecuencias económicas de amplio alcance. A pesar de que tienen por objeto proteger a los consumidores, los subsidios agravan los desequilibrios fiscales, desplazan gastos públic...

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...

Regional Economic Outlook, October 2014
			: Staying the Course

Regional Economic Outlook, October 2014 : Staying the Course »

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 October 2014

DOI: http://dx.doi.org/10.5089/9781498386456.086

ISBN: 9781498386456

Keywords: Economic growth, Economic forecasting, Cross country analysis, Private investment, Regional Economic Outlook, Public debt, Public investment, Fiscal policy, Monetary policy, Infrastructure

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...

Islamic Finance in Sub-Saharan Africa
			: Status and Prospects

Islamic Finance in Sub-Saharan Africa : Status and Prospects »

Volume/Issue: 2014/149

Series: IMF Working Papers

Author(s): Enrique Gelbard , Mumtaz Hussain , Rodolfo Maino , Yibin Mu , and Etienne Yehoue

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 August 2014

DOI: http://dx.doi.org/10.5089/9781498348669.001

ISBN: 9781498348669

Keywords: sukuk, islamic banks, banking, General,

Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects),...

Administering Fiscal Regimes for Extractive Industries
			: A Handbook

Administering Fiscal Regimes for Extractive Industries : A Handbook »

Series: Books

Author(s): Jack Calder

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 July 2014

DOI: http://dx.doi.org/10.5089/9781475575170.071

ISBN: 9781475575170

Keywords: natural resource, natural resources, natural resource taxes, natural resource taxation, tax authority

This handbook is one of the first of its kind to focus attention on effectively administering revenues from extractive industries. It provides policymakers and officials in developing and emerging market economies...

Banks, Government Bonds, and Default
			: What do the Data Say?

Banks, Government Bonds, and Default : What do the Data Say? »

Volume/Issue: 2014/120

Series: IMF Working Papers

Author(s): Nicola Gennaioli , Alberto Martin , and Stefano Rossi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 2014

DOI: http://dx.doi.org/10.5089/9781498391993.001

ISBN: 9781498391993

Keywords: Sovereign Default, Government Bonds, bonds, bond, public bonds, bond returns, sovereign bond, International Lending and Debt Problems, Financial Aspects of Economic Integration,

We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particul...

Issuing International Sovereign Bonds
			: Opportunities and Challenges for Sub-Saharan Africa

Issuing International Sovereign Bonds : Opportunities and Challenges for Sub-Saharan Africa »

Volume: 14

Series: Departmental Papers / Policy Papers

Author(s): Mauro Mecagni , Jorge Canales Kriljenko , Cheikh Gueye , Yibin Mu , Masafumi Yabara , and Sebastian Weber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 June 2014

DOI: http://dx.doi.org/10.5089/9781475523102.087

ISBN: 9781475523102

Keywords: Bonds, Bond issues, Access to capital markets, Debt management and restructuring issues, International bond markets, Sub-Saharan Africa, bond, sovereign bonds, sovereign bond, public debt

This African Department Paper examines the rise in international sovereign bonds issued by African frontier economies and recommends policies for potential first-time issuers....

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

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

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

Language: French

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

ISBN: 9781475578942

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

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

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

Series: Regional Economic Outlook

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 April 2014

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

ISBN: 9781484342886

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

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

Nigeria
			: Staff Report for the 2013 Article IV Consultation

Nigeria : Staff Report for the 2013 Article IV Consultation »

Volume/Issue: 2014/102

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 April 2014

DOI: http://dx.doi.org/10.5089/9781484357903.002

ISBN: 9781484357903

Keywords: oil, gas, current account balance, oil revenues, balance of payments

This 2013 Article IV Consultation highlights Nigeria's poverty and income inequality that remain high and social and governance indicators that are below averages for sub-Saharan Africa. Growth is expected to remai...

Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets

Managing Volatile Capital Flows: Experiences and Lessons for Sub-Saharan African Frontier Markets »

Volume: 14

Series: Departmental Papers / Policy Papers

Author(s): Cheikh Gueye , Javier Arze del Granado , Rodrigo Garcia-Verdu , Mumtaz Hussain , B. Jang , Sebastian Weber , and Juan Corrales

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2014

DOI: http://dx.doi.org/10.5089/9781616358440.087

ISBN: 9781616358440

Keywords: Capital flows, Sub-Saharan Africa, Macroprudential Policy, Monetary policy, Cross country analysis

During the past three years the frontier markets of sub-Saharan Africa have received growing amounts of portfolio capital flows, with heightened interest from foreign investors. Compared with foreign direct investm...

Direct Reporting of Private Sector Cross-Border Financial Flows and Stocks in Selected African Countries

Direct Reporting of Private Sector Cross-Border Financial Flows and Stocks in Selected African Countries »

Volume: 13

Series: Technical Notes and Manuals

Author(s): Simon Quin , Kenneth Egesa , and Howard Murad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2014

DOI: http://dx.doi.org/10.5089/9781475557985.005

ISBN: 9781475557985

Keywords: Balance of payments statistics, Ghana, Gambia, The, Kenya, Mauritius, Nigeria, Mozambique, The Gambia, International Investment Position, International Capital Flows

Private cross-border financial flows and stocks have grown to account for an increasingly significant part of overall transactions and positions in many African countries. Direct reporting through enterprise survey...

Democratic Republic of São Tomé And Príncipe
			: Poverty Reduction Strategy Paper

Democratic Republic of São Tomé And Príncipe : Poverty Reduction Strategy Paper »

Volume/Issue: 2014/9

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 January 2014

DOI: http://dx.doi.org/10.5089/9781475547009.002

ISBN: 9781475547009

Keywords: reduction strategy, poverty reduction strategy, basic social services, social services

This paper discusses Second National Poverty Reduction Strategy II (NPRS-II) (2012-2016) for Democratic Republic of São Tomé and Príncipe. A comparison of the results of the 2000 and 2010 poverty profile, based on...

Democratic Republic of São Tomé and Príncipe
			: 2013 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement; Staff Report; Informational Annex; Debt Sustainability Analysis; Press Release on the Executive Board Discussion; and Statement by the Executive Director for São Tomé and Príncipe

Democratic Republic of São Tomé and Príncipe : 2013 Article IV Consultation and Second Review Under the Extended Credit Facility Arrangement; Staff Report; Informational Annex; Debt Sustainability Analysis; Press Release on the Executive Board Discussion; and Statement by the Executive Director for São Tomé and Príncipe »

Volume/Issue: 2014/2

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 06 January 2014

DOI: http://dx.doi.org/10.5089/9781475516548.002

ISBN: 9781475516548

Keywords: Economic indicators, External borrowing, Extended Credit Facility, Debt sustainability analysis, Banking sector, Bank supervision, Staff Reports, Resource mobilization, Press releases, Fiscal policy

This Information Annex highlights that the World Bank and the IMF are providing complementary support to help São Tomé and Príncipe strengthen public financial management and make progress toward debt sustainabilit...

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...

Nigeria
			: Publication of Financial Sector Assessment Program Documentation--Technical Note on Strengthening Monetary and Liquidity Management

Nigeria : Publication of Financial Sector Assessment Program Documentation--Technical Note on Strengthening Monetary and Liquidity Management »

Volume/Issue: 2013/315

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 October 2013

DOI: http://dx.doi.org/10.5089/9781484320464.002

ISBN: 9781484320464

Keywords: central bank, money market, reserve requirement

This Technical Note focuses on strengthening of monetary and liquidity management in Nigeria. The Central Bank of Nigeria (CBN) has robust institutional framework in place to design and implement monetary policy. T...

Banking in Sub-Saharan Africa
			: the Macroeconomic Context

Banking in Sub-Saharan Africa : the Macroeconomic Context »

Volume: 13

Series: Departmental Papers / Policy Papers

Author(s): Montfort Mlachila , and Masafumi Yabara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2013

DOI: http://dx.doi.org/10.5089/9781484344538.087

ISBN: 9781484344538

Keywords: Economic growth, Bank supervision, Banking systems, Sub-Saharan Africa, banking, financial sector, financial systems, banking system

Many countries in sub-Saharan Africa (SSA) have seen accelerated growth for an extended period of time since the mid-1990s, making a clear break with their long stagnant growth during the previous two decades. That...

Energy Subsidy Reform in Sub-Saharan Africa
			: Experiences and Lessons

Energy Subsidy Reform in Sub-Saharan Africa : Experiences and Lessons »

Volume: 12

Series: Departmental Papers / Policy Papers

Author(s): Trevor Alleyne , and Mumtaz Hussain

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 August 2013

DOI: http://dx.doi.org/10.5089/9781484366547.087

ISBN: 9781484366547

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

Democratic Republic of São Tomé and Príncipe
			: First Review Under the Extended Credit Facility Arrangement

Democratic Republic of São Tomé and Príncipe : First Review Under the Extended Credit Facility Arrangement »

Volume/Issue: 2013/208

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 July 2013

DOI: http://dx.doi.org/10.5089/9781475597257.002

ISBN: 9781475597257

Keywords: central bank, external debt, debt service payments, external debt service, debt relief

This paper discusses the Democratic Republic of São Tomé and Príncipe's First Review under the Extended Credit Facility Arrangement. The economy remains vulnerable to external and domestic shocks. Growth decelerate...

Nigeria
			: Financial Sector Stability Assessment

Nigeria : Financial Sector Stability Assessment »

Volume/Issue: 2013/140

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484304440.002

ISBN: 9781484304440

Keywords: banking, banking sector, banking system, banking crisis, deposit insurance

This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system. Although Nigerian economy experienced both domestic and external shocks in recent...

Nigeria
			: Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Compliance of the Basel Core Priciples for Effective Banking Supervision

Nigeria : Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Compliance of the Basel Core Priciples for Effective Banking Supervision »

Volume/Issue: 2013/146

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484363287.002

ISBN: 9781484363287

Keywords: banking, banking supervision, banking crisis, banking sector, capital adequacy

The assessment of the implementation of the Basel Core Principles (BCP) was conducted for effective banking supervision in Nigeria. The assessment team reviewed the legal framework for banking supervision and held...

Nigeria
			: Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation

Nigeria : Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation »

Volume/Issue: 2013/144

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484396995.002

ISBN: 9781484396995

Keywords: capital market, credit rating, securities market, securities exchanges

An assessment of the level of implementation of the International Organization of Securities Commissions (IOSCO) Principles in Nigeria was conducted as part of the International Monetary Fund (IMF)-World Bank Finan...

Nigeria
			: Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Observance of Insurance Core Principles

Nigeria : Publication of Financial Sector Assessment Program Documentation--Detailed Assessment of Observance of Insurance Core Principles »

Volume/Issue: 2013/145

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484340882.002

ISBN: 9781484340882

Keywords: reinsurance, life insurers, life insurance, risk management, policyholders

Nigeria undertook a Financial Sector Assessment Program (FSAP), which included a review of the structure of Nigeria's insurance market and the supervisory framework. The assessment was benchmarked against the Insur...

Nigeria
			: Publication of Financial Sector Assessment Program Documentation--Technical Note of Banking Cross-Border Issues

Nigeria : Publication of Financial Sector Assessment Program Documentation--Technical Note of Banking Cross-Border Issues »

Volume/Issue: 2013/142

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484316788.002

ISBN: 9781484316788

Keywords: banking, subsidiaries, bank groups, capital adequacy, capital adequacy ratio

The global financial crisis provided Nigerian banks with opportunities to expand within Sub-Saharan Africa. Nigerian banks have active cross-border liquidity flows, which may complicate the operation of monetary po...

Nigeria
			: Publication of Financial Sector Assessment Program Documentation--Technical Note on Crisis Management and Crisis Preparedness Frameworks

Nigeria : Publication of Financial Sector Assessment Program Documentation--Technical Note on Crisis Management and Crisis Preparedness Frameworks »

Volume/Issue: 2013/143

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484373040.002

ISBN: 9781484373040

Keywords: banking, recapitalization, deposit insurance, banking system, banking crisis

The Nigerian financial system underwent a banking crisis in 2008-09, owing to the global financial crisis and domestic events. The decisive crisis response effectively stabilized the banking system, but the challen...

Nigeria
			: Publication of Financial Sector Assessment Program Documentation--Technical Note on Stress Testing

Nigeria : Publication of Financial Sector Assessment Program Documentation--Technical Note on Stress Testing »

Volume/Issue: 2013/141

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 May 2013

DOI: http://dx.doi.org/10.5089/9781484350096.002

ISBN: 9781484350096

Keywords: banking, banking system, interbank market, banking sector, excess liquidity

To assess the financial stability in Nigeria, various stress tests and analytic processes were undertaken jointly by the Nigerian authorities and the Financial Sector Assessment Program (FSAP) team. The exercise in...

Regional Economic Outlook, May 2013, Sub-Saharan Africa 
			: Building Momentum in a Multi-Speed World

Regional Economic Outlook, May 2013, Sub-Saharan Africa : Building Momentum in a Multi-Speed World »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 May 2013

DOI: http://dx.doi.org/10.5089/9781484365151.086

ISBN: 9781484365151

Keywords: bond, bonds, sovereign bonds, sovereign bond, exchange rate

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...

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...

Nigeria
			: 2012 Article IV Consultation

Nigeria : 2012 Article IV Consultation »

Volume/Issue: 2013/116

Series: IMF Staff Country Reports

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2013

DOI: http://dx.doi.org/10.5089/9781484311271.002

ISBN: 9781484311271

Keywords: oil, gas, fiscal consolidation, petroleum industry, fiscal policy

The overarching policy challenge facing Nigeria is to reduce widespread poverty and unemployment. Macroeconomic performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal a...

Regional Economic Outlook, October 2012, Sub-Saharan Africa
			: Maintaining Growth in an Uncertain World

Regional Economic Outlook, October 2012, Sub-Saharan Africa : Maintaining Growth in an Uncertain World »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 October 2012

DOI: http://dx.doi.org/10.5089/9781475510799.086

ISBN: 9781475510799

Keywords: exchange rate, exporting countries, exchange rate pegs, employment, oil exporters

Economic conditions in sub-Saharan Africa have remained generally robust despite a sluggish global economy. The near-term outlook for the region remains broadly positive, and growth is projected at 51/4 percent a y...

Democratic Republic of São Tomé and Príncipe
			: Request for a Three-Year Arrangement Under the Extended Credit Facility

Democratic Republic of São Tomé and Príncipe : Request for a Three-Year Arrangement Under the Extended Credit Facility »

Volume/Issue: 2012/216

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 August 2012

DOI: http://dx.doi.org/10.5089/9781475505702.002

ISBN: 9781475505702

Keywords: central bank, external debt, public finances, debt relief, debt management

The Democratic Republic of São Tomé and Príncipe shows prudence in maintaining its fiscal stance assisted by the IMF extended credit facility (ECF). The authorities aim to concentrate on maintaining macroeconomic s...

Nigeria
			: Staff Report for the 2011 Article IV Consultation

Nigeria : Staff Report for the 2011 Article IV Consultation »

Volume/Issue: 2012/194

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 24 July 2012

DOI: http://dx.doi.org/10.5089/9781475506679.002

ISBN: 9781475506679

Keywords: fiscal adjustment, primary deficit, fiscal policy, tax policy

The Nigerian economy remained strong, with a non-oil real GDP of 8.3 percent and an overall real GDP of 6.7 percent. A modest fiscal consolidation took place in 2011 as a response to the substantial monetary tight...

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

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

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 May 2012

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

ISBN: 9781616352493

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

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

Fiscal Frameworks for Resource Rich Developing Countries

Fiscal Frameworks for Resource Rich Developing Countries »

Volume/Issue: 2012/4

Series: Staff Discussion Notes

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2012

DOI: http://dx.doi.org/10.5089/9781475510065.006

ISBN: 9781475510065

Keywords: Developing countries, Fiscal sustainability, Natural resources, permanent income hypothesis, public financial management, fiscal framework, fiscal rules, macro-fiscal management, fiscal policy, long-term fiscal sustainability

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...

Marcos fiscales para los países ricos en recursos naturales

Marcos fiscales para los países ricos en recursos naturales »

Volume/Issue: 2012/4

Series: Staff Discussion Notes

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2012

Language: Spanish

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

ISBN: 9781498397162

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

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

Strengthening Russia's Fiscal Framework

Strengthening Russia's Fiscal Framework »

Volume/Issue: 2012/76

Series: IMF Working Papers

Author(s): Daria Zakharova , and Charleen Gust

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2012

DOI: http://dx.doi.org/10.5089/9781475502282.001

ISBN: 9781475502282

Keywords: oil-producing countries, resource revenue management, accountability, fiscal framework, fiscal stance, fiscal agency, expenditures, Structure, Scope, and Performance of Government

Though many aspects of Russia's fiscal policy framework are close to best practice on paper, actual practice in recent years has been moving away from best practice. In particular, the continued focus on the overal...

Democratic Republic of Sao Tome and Principe
			: Staff Report for the 2011 Article IV Consultation.

Democratic Republic of Sao Tome and Principe : Staff Report for the 2011 Article IV Consultation. »

Volume/Issue: 2012/34

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 February 2012

DOI: http://dx.doi.org/10.5089/9781463939076.002

ISBN: 9781463939076

Keywords: current account, central bank, foreign currency, debt relief, commercial banks, Sao Tome and Principe,

São Tomé & Príncipe remains at high risk of debt distress, although it has received substantial debt relief. The increases in world food and fuel prices have rekindled domestic inflation pressures. Inflation has de...

Finanzas y Desarrollo, diciembre de 2011

Finanzas y Desarrollo, diciembre de 2011 »

Volume/Issue: 48/4

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 December 2011

Language: Spanish

DOI: http://dx.doi.org/10.5089/9781455215607.022

ISBN: 9781455215607

En 'El impulso de la clase media en África' se destaca que cada vez es más evidente que el reciente aumento del bienestar económico del continente puede ser duradero. En el artículo central, el profesor de Harvard...

Finance & Development, December 2011

Finance & Development, December 2011 »

Volume/Issue: 48/4

Series: Finance & Development

Author(s): International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 December 2011

DOI: http://dx.doi.org/10.5089/9781451953695.022

ISBN: 9781451953695

Keywords: monetary fund, news, photography, journalism

Africa's Middle-Class Motor finds growing evidence that a recent resurgence in the continent's economic well-being has staying power. In his overview article, Harvard professor Calestous Juma says the emphasis for...

Côte d'Ivoire
			: Consultations de 2011 au titre de l'article IV et demandes d'accord triennal appuyé par la facilité élargie de crédit et d'assistance intérimaire additionnelle dans le cadre de l'initiative renforcée en faveur des pays pauvres très endettés - Rapport des services du FMI; note d'information au public et communiqué de presse sur les débats du Conseil d'administration; et déclaration de l'Administrateur pour la Côte d'Ivoire

Côte d'Ivoire : Consultations de 2011 au titre de l'article IV et demandes d'accord triennal appuyé par la facilité élargie de crédit et d'assistance intérimaire additionnelle dans le cadre de l'initiative renforcée en faveur des pays pauvres très endettés - Rapport des services du FMI; note d'information au public et communiqué de presse sur les débats du Conseil d'administration; et déclaration de l'Administrateur pour la Côte d'Ivoire »

Volume/Issue: 2011/328

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 November 2011

Language: French

DOI: http://dx.doi.org/10.5089/9781463925321.002

ISBN: 9781463925321

Keywords: debt service, debt relief, external debt, public debt, budget support, debt management, domestic financing, central bank, domestic debt, public finances

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...

Côte d'Ivoire
			: 2011 Article IV Consultation and Requests for a Three-Year Arrangement Under the Extended Credit Facility and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries:  Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Côte d'Ivoire.

Côte d'Ivoire : 2011 Article IV Consultation and Requests for a Three-Year Arrangement Under the Extended Credit Facility and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Côte d'Ivoire. »

Volume/Issue: 2011/328

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 November 2011

DOI: http://dx.doi.org/10.5089/9781463925239.002

ISBN: 9781463925239

Keywords: debt service, debt relief, external debt, public debt, budget support

This 2011 Article IV Consultation reviews Côte d'Ivoire's economic condition. Côte d'Ivoire is emerging from a decade-long sociopolitical crisis that has held back its economic growth. In 2009, Côte d'Ivoire adopte...

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...

Bénin
			: Document de stratégie pour la réduction de la pauvreté

Bénin : Document de stratégie pour la réduction de la pauvreté »

Volume/Issue: 2011/307

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 October 2011

Language: French

DOI: http://dx.doi.org/10.5089/9781463922597.002

ISBN: 9781463922597

Keywords: decentralization, population growth, public financial management, financial management, public finance, fertility, hiv/aids, public investment, births, budget execution

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...

Regional Economic Outlook, April 2011, Sub-Saharan Africa
			: Recovery and New Risks

Regional Economic Outlook, April 2011, Sub-Saharan Africa : Recovery and New Risks »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 May 2011

DOI: http://dx.doi.org/10.5089/9781616350611.086

ISBN: 9781616350611

Keywords: exchange rate, capital inflows, exchange rates, capital flows, exchange rate regimes

Sub-Saharan Africa's economic recovery is well under way, although among country groups there is variation in the speed of the recovery. In most of the region's low-income countries and among the seven oil exporter...

In Which Exchange Rate Models Do Forecasters Trust?

In Which Exchange Rate Models Do Forecasters Trust? »

Volume/Issue: 2011/116

Series: IMF Working Papers

Author(s): Jaewoo Lee , H. Takizawa , and David Hauner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

DOI: http://dx.doi.org/10.5089/9781455262397.001

ISBN: 9781455262397

Keywords: Exchange rate models, exchange rate, exchange rates, current account, interest rate, exchange rate regime, International Finance Forecasting and Simulation,

Using survey data of market expectations, we ask which popular exchange rate models appear to be consistent with expectation formation of market forecasters. Exchange rate expectations are found to be correlated wi...