## Regional Economic Outlook: Sub-Saharan Africa, April 2008 -- Table of Contents _Sub-Saharan Africa, April 12, 2008_ ## Source details **Canonical URL:** [Regional Economic Outlook: Sub-Saharan Africa, April 2008 -- Table of Contents](https://www.imf.org/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa) ## Other formats - [Markdown version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa/index.md) - [Structured JSON version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa/index.json) - [Bundle manifest](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa/bundle-manifest.json) ## 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* --- ## Content in this bundle - [Sreo0408exppdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/portuguese/pubs/ft/reo/2008/afr/_sreo0408exppdf.pdf){rel="external" type="application/pdf"} - [Sreocsopdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2008/afr/eng/_sreocsopdf.pdf){rel="external" type="application/pdf"} --- ## References - [Transcript](https://www.imf.org/external/np/tr/2008/tr080412b.htm) - [Press Release](https://www.imf.org/external/np/sec/pr/2008/pr0886.htm) - [IMF Data Mapper®](https://www.imf.org/external/datamapper/index.php?db=AFRREO) - [Typology of Countries](https://www.imf.org/external/datamapper/afrreoreg.htm) - [Regional Economic Outlooks](https://www.imf.org/external/pubs/ft/reo/reorepts.aspx) - [World Economic Outlook](https://www.imf.org/external/pubs/ft/weo/2008/01/index.htm) - [https://www.imf.org/en/home](https://www.imf.org/en/home) _Source: https://www.imf.org/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa_