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Regional Economic Outlook, October 2009: Sub-Saharan Africa - Weathering the Storm

Author/Editor: International Monetary Fund. African Dept.
Electronic Access: Link to Table of Contents
Electronic Access: Free Full Text (PDF file size is 643KB)
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Summary: Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.
 
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Frequency: Biannually
Notes: Full text also available in French.
 
English  
    Published:   October 2, 2009        
    ISBN/ISSN:   978-1-58906-857-5 / 2071-3207   Format:   Paper
    Stock No:   REOAFREA2009002   Pages:   98
    Price:   US$35.00        
French  
    Published:   October 2, 2009        
    ISBN/ISSN:   978-1-58906-900-8 / 1607-9434   Format:   Paper
    Stock No:   REOAFRFA2009002   Pages:   100
    Price:   US$35.00        
     
Academic Rate: US$30.00
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