Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries
Summary:
This paper highlights selected recent developments in the economies of sub-Saharan Africa. It notes that the outlook for commodity prices has improved, and with it the outlook for economic activity beyond 1994; it also notes, however, the need for higher savings and investment to sustain growth over the medium term. The paper also covers two aspects of structural adjustment: the liberalization of exchange and trade systems, which has been extensive and has resulted in a sharp reduction in exchange market distortions; and the momentum of regional integration in the CFA countries and in the Southern Africa region.
Series:
Working Paper No. 1994/109
Subject:
Currency markets Exchange rate adjustments Exchange rate arrangements Exchange rates Financial markets Foreign exchange
English
Publication Date:
September 1, 1994
ISBN/ISSN:
9781451853148/1018-5941
Stock No:
WPIEA1091994
Pages:
54
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