Cover Adjustment for Growth
Adjustment for Growth
The African Experience
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Abstract

Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).

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Author:
Mr. Amor Tahari
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,
Mr. M. Nowak
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,
Mr. Michael T. Hadjimichael
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, and
Mr. Robert L. Sharer
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
15 Oct 1996
DOI:
https://doi.org/10.5089/9781557755667.084
ISBN:
9781557755667
ISSN:
0251-6365
Pages:
94
Keywords:
OP; adjustment experience of sub-Saharan Africa; public policy; investment; rate of inflation low; investment ratio; investment in sub-Saharan Africa; policy dialogue; Private investment; Private savings; Public sector; Public enterprises; Inflation; Sub-Saharan Africa; Africa
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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