Africa > Uganda
Mr. Masahiro Nozaki
Carlos Goncalves
Cem Karayalcin
and
Mihaela Pintea
Ms. Catherine McAuliffe
,
Ms. Sweta Chaman Saxena
, and
Mr. Masafumi Yabara
Mr. Ales Bulir
,
Alma Romero-Barrutieta
, and
Jose Daniel RodrÃguez-Delgado
International Monetary Fund
Mr. Shanaka J Peiris
and
Régis Barnichon
Mr. Kevin J Carey
,
Mr. Sanjeev Gupta
, and
Ms. Catherine A Pattillo
Abstract
Growth in sub-Saharan Africa has recently shown signs of improvement, but is still short of levels needed to attain the Millennium Development Goals. Economists have placed increasing emphasis on understanding the policies that promote sustained jumps in medium-term growth, and the paper applies this approach to African countries. The evidence presented finds an important growth-supporting role for particular kinds of institutions and policies, but also highlights aspects of growth that are still not well understood. The paper includes policy guidance for ensuring that the poor benefit from growth.