Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries

Author/Editor:

Pierre Dhonte ; Jean A. P. Clément ; Mbuyamu I Matungulu ; Dawn Elizabeth Rehm

Publication Date:

September 1, 1993

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper surveys recent economic developments in countries in the African Department. In the aggregate, output growth continues to be sluggish, and it is expected that half of the countries will experience a declining income per capita in 1993. However, structural adjustment is making fast progress, especially as regards the liberalization of exchange and credit markets. This bodes well for an eventual improvement in economic performance.

Series:

Working Paper No. 1993/071

Subject:

Exchange rate arrangements Exports Financial services Foreign exchange International trade Real interest rates

Notes:

Surveys recent economic developments in countries in the African Department.

English

Publication Date:

September 1, 1993

ISBN/ISSN:

9781451849196/1018-5941

Stock No:

WPIEA0711993

Pages:

40

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