Regional Economic Outlook: Sub-Saharan Africa, April 2008 -- Table of Contents
Sub-Saharan Africa, April 12, 2008
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Bibliographic details
- Published: April 12, 2008
- Series: Sub-Saharan Africa
Executive summary and headline outlook
- Growth in sub-Saharan Africa should again average about 6½ percent in 2008 with oil exporters leading the way; growth in oil importers is expected to taper off, though only modestly.
- Inflation is projected to average about 8½ percent this year for countries in the region, setting aside Zimbabwe.
- The region's prospects continue to be promising, but global developments pose increased risks to the outlook.
- Risks in 2008 are tilted to the downside, but the region is better placed today to withstand a worsening of the global environment.
- Executive Summary also available in Português.
- Press Release: April 12, 2008; Transcript: Press Briefing on the Sub-Saharan Africa Regional Economic Outlook, April 12, 2008.
I. Overview (structure and themes)
- Main Developments in 2007
- Macroeconomic Policies
- Outlook for 2008 and Risks
- Medium-Term Challenges: Unleashing the Private Sector and Reducing the Cost of Doing Business
- Appendix 1.1
II. Monetary and exchange rate policies
- The Monetary and Exchange Rate Landscape
- Policy Challenges of Implementing Monetary and Exchange Rate Regimes in Sub-Saharan Africa
- Conclusions
- Boxes relevant to monetary policy include:
- 2.1. Inflation Objectives for Sub-Saharan African Low-Income Countries
- 2.2. The Monetary Transmission Mechanism in Sub-Saharan Africa
- 2.3. Assessing Reserve Money Targeting in Sub-Saharan Africa
- 2.4. The Role of Money
- 2.5. Mozambique and Uganda: Adding Flexibility to Monetary Policy
- 2.6. Inflation Targeting in Ghana
- 2.7. Inflation Targeting: A Benchmark for Monetary Policy in Managed Floats
- 2.8. Analytic Frameworks for Monetary Policy in Low-Income Countries
III. Private capital flows
- Recent Trends in Capital Flows to Sub-Saharan African Countries
- Factors Influencing Capital Flows in Sub-Saharan Africa
- Evidence from Country Case Studies
- Lessons and Policy Agenda for Sub-Saharan Africa
- Appendix 3.1
- Boxes related to capital flows:
- 3.1. Transition to Emerging Market Status: Where Does Africa Stand?
- 3.2. Domestic Determinants of Private Capital Inflows to Sub-Saharan African Countries
- 3.3. Are Capital Flows Good for Growth?
- 3.4. Recent Cross-Border Banking Investments
- 3.5. The Foreign Private Capital Capacity-Building Program
- Tables and figures on capital flows and related indicators:
- Private Capital Flows' Volatility, 2000-07
- Private FDI and Portfolio Inflows and Capital Market Development
- Sub-Saharan Africa: Capital Inflows, 2000-07
- Sub-Saharan Africa: Capital Inflows, 2000-07 (Annual Averages)
- Sub-Saharan Africa: Total Private Capital Inflows, 2000-07
- Sequencing of Capital Account Liberalization
- 3.6. Selected Sub-Saharan African Countries: Composition of Capital Flows
IV. Africa's power supply crisis
- Africa's Power Sector in International Perspective
- Africa's Acute Power Problems
- The Way Forward
- Statistical Appendix covering power sector topics
- Boxes related to power:
- 4.1. Introducing the Africa Infrastructure Country Diagnostic
- 4.2. Regional and Economic Effects of South Africa's Power Supply Crisis
- Tables and figures related to power infrastructure and costs:
- Emergency Power Generation in Sub-Saharan Africa
- Private Participation Power Sector Transactions in Sub-Saharan Africa
- 4.3. Power Sector Expenditure
- 4.4. Annualized Power Sector Expenditure Requirements to 2015
- Evolution of Power Infrastructure in Sub-Saharan Africa Relative to Other Regions
- Electricity Prices and Consumption in Sub-Saharan Africa Relative to Other Regions
- Countries Affected by Acute Power Sector Crises in 2007
- Drivers of Operating Costs for Sub-Saharan African Power Systems
- 4.5. Electricity Costs and Revenues by Type of Power System (US$/kwh)
- 4.6. Average Power Sector Revenue and Various Cost Benchmarks
- 4.7. Electricity Service Coverage in Sub-Saharan Africa
- 4.8. Electricity Service Expenditure in Sub-Saharan Africa
- 4.9. Evaluation of Power Sector Reform
- 4.10. State-Owned Enterprise Governance Characteristics
- 4.11. Frequency Distribution of Power Sector Efficiency Indicators
- 4.12. Hidden Costs of Power Sector Inefficiency
- 4.13. Long-Term Trends in External Finance for the Sub-Saharan African Power Secto
Statistical appendices, country groupings, and supporting material
- Sub-Saharan Africa: Country Groupings
- Data and Conventions
- List of Tables
- References
- Publications of the IMF African Department, 2004-08
- Statistical tables and indicators include:
- Sub-Saharan Africa: Selected Indicators, 2003-08
- A1.1. Categorization of Sub-Saharan African Countries
- A1.2. Non-Oil Primary Fiscal Deficits, 2002-07
- De Jure Monetary Policy Frameworks in Sub-Saharan Africa
- A3.1. Controls on Portfolio Investments and FDI in Selected African Countries
- A3.2. Capital Account Liberalization Process in Case-Study Countries
- A3.3. Case Study Countries: Challenges and Policy Responses
- Emergency Power Generation in Sub-Saharan Africa
- Private Participation Power Sector Transactions in Sub-Saharan Africa
- 4.3. Power Sector Expenditure
- 4.4. Annualized Power Sector Expenditure Requirements to 2015
Figures and indicators highlighted across the report
- Growth and related measures:
- A Comparison of Growth
- Growth in Sub-Saharan Africa
- Regional Dynamics of Growth
- Contribution to GDP Growth
- Growth Volatility
- Real Per Capita GDP Growth
- 1.7. Sub-Saharan Africa: Oil Exporters
- 1.8. Sub-Saharan Africa: Trading Gains (Losses)
- 1.25. Oil Prices and GDP Growth in Sub-Saharan Africa
- 1.26. Exports and Growth in Sub-Saharan Africas
- 1.27. Sub-Saharan Africa: Growth and Commodity Prices
- 1.28. Growth Prospects in Sub-Saharan Africa
- Price and external indicators:
- 1.9. Inflation in Sub-Saharan Africa
- 1.10. Sub-Saharan Africa: External Current Account Balance
- 1.11. Commodity Prices in Sub-Saharan Africa
- 1.29. Sub-Saharan Africa: Reserve Coverage for Terms of Trade Shocks, 2007
- Monetary, financial, and competitiveness indicators:
- 1.12. Three-Month Interbank Risks in Selected Emerging Market
- 1.13. Monetary Developments
- 1.14. Real Effective Exchange Rates in Sub-Saharan Africa
- 1.15. Real Effective Exchange Rates in the CEMAC and the WAEMU
- 1.16. Sub-Saharan Africa: Reserve Coverage
- 1.17. Credit to the Private Sector in Sub-Saharan Africa
- 1.18. Real Effective Exchange Rates in Sub-Saharan African Countries with a Floating Regime
- 1.19. CSub-Saharan Africa: 2007 Exchange Rate Adjustments and Current Account Balances
- 1.20. Central Government Revenues in Sub-Saharan Africa
- 1.21. CCentral Government Primary Expenditures in Sub-Saharan Africa
- 1.22. Central Government Social Spending in Sub-Saharan Africa
- 1.23. Low-Income Sub-Saharan Africa: Government Financing of Fiscal Deficits
- 1.24. Total Government Debt in Sub-Saharan Africa
- 1.30. Sub-Saharan Africa: Doing Business, 2007
- 1.31. Sub-Saharan Africa: Global Competitiveness Index, 2007
- 1.32. Sub-Saharan Africa: Governance Ranking, 2000-06
- Sub-Saharan Africa: Exchange Rate Distribution, 2005-07
- Sub-Saharan Africa: Capital Inflows, Current Account, and Reserves, 2000-07
Regional Economic Outlook: Sub-Saharan Africa, April 2008 -- Table of Contents