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Oil Wealth in Central Africa
			: Policies for Inclusive Growth

Oil Wealth in Central Africa : Policies for Inclusive Growth »

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

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

ISBN: 9781616353766

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

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

Regional Economic Outlook, October 2014, Middle East and Central Asia,

Regional Economic Outlook, October 2014, Middle East and Central Asia, »

Series: Regional Economic Outlook

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

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 October 2014

DOI: http://dx.doi.org/10.5089/9781498343732.086

ISBN: 9781498343732

Keywords: Cross country analysis, Economic forecasting, Economic cooperation, Economic growth, Economic conditions, Afghanistan, Economic integration, Middle East and Central Asia, North Africa, Oil exporting countries

This issue discusses economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP), which continue to reflect the diversity of conditions prevailing across the region. Most high-income o...

Appendix: Introduction to the CEMAC Institutions

Appendix: Introduction to the CEMAC Institutions »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

The Central African Economic and Monetary Community (CEMAC) comprises six countries in Central Africa that have been engaging in various forms of economic and monetary cooperation with each other for more th...

Chapter 1. The CEMAC’s Macroeconomic Challenges

Chapter 1. The CEMAC’s Macroeconomic Challenges »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

The Central African Economic and Monetary Community (CEMAC) has earned significant revenue from oil production in past decades, but faces substantial economic growth and development challenges (Figure 1.1)....

Chapter 2. Improving Surveillance Across the CEMAC Region

Chapter 2. Improving Surveillance Across the CEMAC Region »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

This chapter considers the design of the fiscal criteria for surveillance in the Central African Economic and Monetary Community (CEMAC) with a view to ensuring they are consistent with internal and external...

Chapter 3. Determinants of Non-Oil Growth in the CFA Zone Oil-Producing Countries: How Do They Differ?

Chapter 3. Determinants of Non-Oil Growth in the CFA Zone Oil-Producing Countries: How Do They Differ? »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

Non-oil growth in the Coopération Financière en Afrique Centrale (CFA) zone oil-exporting countries has been lackluster despite the great natural resource wealth with which these countries are endowed. This...

Chapter 4. CEMAC’s Infrastructure Gap: Issues and Policy Options

Chapter 4. CEMAC’s Infrastructure Gap: Issues and Policy Options »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

The member countries of the Central African Economic and Monetary Community (CEMAC) are extremely heterogeneous, with varying income levels, natural resource endowments, geography, and topography. The CEMAC...

Chapter 5. Managing Oil Windfalls in the CEMAC

Chapter 5. Managing Oil Windfalls in the CEMAC »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

Natural resource rents worldwide exceed $4 trillion annually, amounting to some 7 percent of global GDP. Nonrenewable resource revenue is a dominant feature of 50 economies with a combined population of 1.4...

Chapter 6. Government Failure and Poverty Reduction in the CEMAC

Chapter 6. Government Failure and Poverty Reduction in the CEMAC »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

The countries composing the Economic and Monetary Community of Central Africa (CEMAC) have some of the lowest social indicators in the world (Table 6.1). Although the Republic of Congo (hereafter “Congo”), E...

Chapter 7. Natural Resource Endowments, Governance, and Domestic Revenue Mobilization: Lessons for the CEMAC Region

Chapter 7. Natural Resource Endowments, Governance, and Domestic Revenue Mobilization: Lessons for the CEMAC Region »

Source: Oil Wealth in Central Africa : Policies for Inclusive Growth

Series: Books

Author(s): Bernardin Akitoby , and Sharmini Coorey

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 August 2012

ISBN: 9781616353766

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

Financial flows to sub-Saharan Africa, spanning from aid and debt relief to remittances and foreign direct investment, have increased sharply since 1980, supporting higher public spending, including much-nee...