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International Monetary Fund. African Dept.

Abstract

Regional Economic Outlook, October 2019, Sub-Saharan Africa

International Monetary Fund. African Dept.

Abstract

Growth in sub-Saharan Africa is expected to pick up, though at a slower pace than previously expected. This revision reflects a more challenging external environment, continued output disruptions in oil-exporting countries, and a weaker-than-anticipated growth in South Africa. The challenge for the region is to boost growth to create jobs for the growing labor force, while protecting against debt vulnerabilities and risks from a difficult global environment.

International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
International Monetary Fund
This 2007 Article IV Consultation highlights that the implementation of the Poverty Reduction and Growth Facility (PRGF)-supported program was broadly satisfactory for Congo in 2004–05. However, expenditure overruns and delays in structural reforms pushed the program off track in 2006. Discussions are continuing on an IMF staff-monitored program aimed at establishing a solid track record that could pave the way for resuming discussions on the PRGF-supported program. Macroeconomic performance was mixed in 2006. Real GDP growth is estimated at 6.1 percent in 2006. The outlook for 2007 and the medium term is uncertain.
Matthias Cinyabuguma
and
Mr. Bernardin Akitoby
The paper investigates the sources of growth in the Democratic Republic of the Congo since 1960 and evaluates the relative importance of total factor productivity growth and factor accumulation, using a cointegration method and a growth accounting framework. The main findings confirm that poor economic policies and bad governance (through their effects on total factor productivity and capital accumulation) contributed to the country's economic decline during the 40-year period, 1960-2000. Looking forward, the paper finds that the right policies are being put in place to pave the way for a restoration of economic growth.