The Economic Consequences of Conflict in Sub-Saharan Africa

Author/Editor:

Xiangming Fang ; Siddharth Kothari ; Cameron McLoughlin ; Mustafa Yenice

Publication Date:

October 30, 2020

Electronic Access:

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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.

Summary:

Sub-Saharan Africa has been marred by conflicts during the past several decades. While the intensity of conflicts in recent years is lower than that observed in the 1990s, the region remains prone to conflicts, with around 30 percent of the countries affected in 2019. In addition to immeasurable human suffering, conflicts impose large economic costs. On average, annual growth in countries in intense conflicts is about 2.5 percentage points lower, and the cumulative impact on per capita GDP increases over time. Furthermore, conflicts pose significant strains on countries’ public finances, lowering revenue, raising military spending, and shifting resources away from development and social spending.

Series:

Working Paper No. 2020/221

Frequency:

regular

English

Publication Date:

October 30, 2020

ISBN/ISSN:

9781513559667/1018-5941

Stock No:

WPIEA2020221

Format:

Paper

Pages:

29

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