Financial Policies and Inflation Performance, 1993–951
(Percent per annum, means)
|Countries with Low Inflation2||Other ESAF Countries|
|(in percent of GDP)||0.9||3.0|
|Broad money growth||18.3||38.7|
|Net domestic assets growth||11.5||20.5|
|Net foreign assets growth||6.8||18.2|
|Real per capita GDP growth||2.0||0.2|
Source: IMF staff estimates.
Excluding countries that did not begin their first SAF/ESAFsupported program until 1994 (Cambodia, Cote d’lvoire, Kyrgyz Republic, Nicaragua, and Vietnam).
Those averaging single-digit inflation during 1993-95 (including Bolivia and Guyana, which averaged 10.1 percent and 10.6 percent inflation, respectively, in this period).
Adjusted to exclude the 1994 outturns for the CFA countries, which were affected by the CFA franc devaluation in that year.
lncluding grants. Excluding Guyana.