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The New International Financial Architecture and Africa
Author:
Mr. Saleh M. Nsouli
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and
Ms. Françoise Le Gall
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Series:
IMF Working Papers
Volume/Issue:
Volume 2001: Issue 130
Language:
English
Publication Date:
01 Sep 2001
DOI:
https://doi.org/10.5089/9781451855197.001
ISBN:
9781451855197
ISSN:
1018-5941
Pages:
33
Keywords:
WP; exchange rate; member country; debt relief; country official; Africa; globalization; international financial architecture; a number of country; NBR power; Poverty reduction strategy; Poverty reduction; Exchange rate arrangements; Capital account; Financial Sector Assessment Program; Sub-Saharan Africa; North Africa; East Asia
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The new international financial architecture can help African countries benefit from globalization, while minimizing the risks, and foster an environment conducive to increased domestic investment and higher sustained growth. This paper highlights the progress that African countries have made in several areas of the new architecture, but it also underscores the considerable way that these countries must go to meet the requirements of the new architecture.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund