Africa > Uganda
Abstract
The countries in the East African Community (EAC) are among the fastest growing economies in sub-Saharan Africa. The EAC countries are making significant progress toward financial integration, including harmonization of supervisory arrangements and practices and the modernization of monetary policy frameworks. This book focuses on regional integration in the EAC and argues that the establishment of a time table for the eliminating the sensitive-products list and establishing a supranational legal framework for resolving trade disputes are important reforms that should foster regional integration.
Abstract
La reprise est bien engagée en Afrique subsaharienne, mais on constate des variations de rythme entre groupes de pays. La plupart des pays à faible revenu et des pays exportateurs de pétrole ont presque retrouvé leur taux de croissance d'avant la crise. Par contre, le redressement se fait plus progressivement dans les pays à revenu intermédiaire de la région, dont l'Afrique du Sud. Cette édition des Perspectives économiques régionales décrit les incidences de l'évolution économique récente : les fortes hausses des cours des denrées alimentaires et du pétrole nécessiteront des interventions budgétaires en faveur des pauvres, tandis que l'augmentation des cours pétroliers fera le bonheur de certains pays, mais le malheur d'autres. Il sera nécessaire d'abandonner les mesures de soutiens à l'activité qui ont caractérisé les politiques menées ces dernières années, tout en atténuant les conséquences de la hausse des prix des denrées alimentaires pour les ménages pauvres.
Abstract
Sub-Saharan Africa's economic recovery is well under way, although among country groups there is variation in the speed of the recovery. In most of the region's low-income countries and among the seven oil exporters growth is almost back to precrisis levels. However, in the region's middle-income countries, including South Africa, the recovery has been more gradual. This Regional Economic Outlook describes the impact of recent economic developments---sharp increases in food and fuel prices will need fiscal interventions targeting the poor, while higher oil prices will be a boon to some countries and adversely affect others. Policy adjustments are needed to move away from the supportive stance of the last few years but should be balanced against the need to alleviate the impact of rising food prices on poor households.
Abstract
The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.