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Africa > Uganda

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Aggregate Factor Income Distribution x
  • Economic growth x
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Cover Departmental Papers
Macroeconomic Research in Low-income Countries: Advances Made in Five Key Areas Through a DFID-IMF Collaboration
Hites Ahir
,
Hendre Garbers
,
Mattia Coppo
,
Mr. Giovanni Melina
,
Mr. Futoshi Narita
,
Ms. Filiz D Unsal
,
Vivian Malta
,
Xin Tang
,
Daniel Gurara
,
Luis-Felipe Zanna
,
Linda G. Venable
,
Mr. Kangni R Kpodar
, and
Mr. Chris Papageorgiou
Despite strong economic growth since 2000, many low-income countries (LICs) still face numerous macroeconomic challenges, even prior to the COVID-19 pandemic. Despite the deceleration in real GDP growth during the 2008 global financial crisis, LICs on average saw 4.5 percent of real GDP growth during 2000 to 2014, making progress in economic convergence toward higher-income countries. However, the commodity price collapse in 2014–15 hit many commodity-exporting LICs and highlighted their vulnerabilities due to the limited extent of economic diversification. Furthermore, LICs are currently facing a crisis like no other—COVID-19, which requires careful policymaking to save lives and livelihoods in LICs, informed by policy debate and thoughtful research tailored to the COVID-19 situation. There are also other challenges beyond COVID-19, such as climate change, high levels of public debt burdens, and persistent structural issues.
Keywords:
Low-income-countries; Investments; Monetary policy; DPPP; DP; transmission mechanism; exchange rate; IMF economist; interest rate; LIC economy; rate of return; credit entry; IMF country team; IMF gender portal; monetary policy formulation; DFID-IMF monetary policy agenda; LICS face; Public investment spending; Income inequality; Gender inequality; Income; Global; Sub-Saharan Africa
Cover Sustaining and Accelerating Pro-Poor Growth in Africa
Sustaining and Accelerating Pro-Poor Growth in Africa
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.

Keywords:
ISI; SI; country; policy; growth rate; Dem. rep.; sub-Saharan Africa data; conflict country; World Bank's country policy; sub-Saharan Africa country; growth opportunity; country case studies; Income inequality; Poverty reduction; Total factor productivity; Inclusive growth; Sub-Saharan Africa; Africa; Global; growth in sub-Saharan Africa
Cover IMF Working Papers
Sustaining Growth Accelerations and Pro-Poor Growth in Africa
Mr. Sanjeev Gupta
,
Ms. Catherine A Pattillo
, and
Mr. Kevin J Carey
Are improvements in growth in Sub-Saharan Africa (SSA) since the mid-1990s sustainable? What types of growth strategies contribute the most to reducing poverty? This paper examines these questions in four stages. First, it explores the factors contributing to the post- 1995 improvement in growth. Second, to shed some light on factors associated with substantial jumps in growth rates that are sustained in the medium term, an analysis of the correlates of growth accelerations is presented. Third, the paper examines the consistency of the SSA data with some important predictions from the literature directly linking such areas as fiscal policy, financial development, or institutions and growth. Fourth, it reviews recent evidence regarding lessons on the type of growth process that is most effective at raising the incomes of the poor.
Keywords:
WP; SSA country; rate of growth; exchange rate; developing country; real GDP; terms of trade; Africa; growth; growth accelerations; pro-poor growth; country case studies; growth-poverty-inequality nexus; oil-producing country; CFA franc; countries in SSA; SSA government; SSA benchmark; per capita income; growth regression; SSA growth prospect; poverty elasticity; Income inequality; Poverty reduction; Inclusive growth; Poverty reduction and development; Sub-Saharan Africa; Global; South Asia