## Regional Economic Outlook: Sub-Saharan Africa, April 2011 -- Table of Contents _Sub-Saharan Africa, May 3, 2011_ ## Source details **Canonical URL:** [Regional Economic Outlook: Sub-Saharan Africa, April 2011 -- Table of Contents](https://www.imf.org/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa7) ## Other formats - [Markdown version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa7/index.md) - [Structured JSON version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa7/index.json) - [Bundle manifest](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa7/bundle-manifest.json) ## Bibliographic details - Published: May 3, 2011 - Series: Sub-Saharan Africa --- ### Executive summary and main findings - Sub-Saharan Africa's economic recovery is well under way, with variation in the speed of recovery across country groups. - In most of the region's low-income countries and among the seven oil exporters growth is almost back to precrisis levels. - In the region's middle-income countries, including South Africa, the recovery has been more gradual. - Recent economic developments highlighted: - Sharp increases in food and fuel prices will need fiscal interventions targeting the poor. - Higher oil prices will be a boon to some countries and adversely affect others. - Policy prescription: move away from the supportive stance of the last few years, but balance adjustments against the need to alleviate the impact of rising food prices on poor households. ### Contents and chapter focuses - Preface; Abbreviations; Main Findings - 1. Introduction and Summary - How and Where Has Output Recovered from the Impact of the Crisis? - Has Fiscal Policy Started to Pay Heed to the Recovery? - What Are the Implications of the Resurgence in Food and Fuel Prices? - Policy Priorities Going Forward - 2. Capital Inflows to Frontier Markets in Sub-Saharan Africa - The Nature and Volume of Flows to Sub-Saharan African Frontier Markets in a Global Context - Other Private Flows to Frontier Markets - How Different Is the Recent Experience of Sub-Saharan Africa’s Frontier Markets? - Long-Term Determinants of Private External Financing in Sub-Saharan Africa - Policy Recommendations - 3. The East African Community: Taking Off? - The EAC Growth Experience - How Does the East African Community Compare with Other Fast Growers? Benchmarking East African Community Growth - New Challenges and New Opportunities - Statistical Appendix; References; Publications of the IMF African Department, 2009–2011 ### Targeted policy recommendations (from chapters) - Fiscal: implement fiscal interventions targeting the poor to offset sharp food and fuel price increases. - Macroeconomic stance: begin policy adjustments away from supportive measures of recent years while cushioning poor households from food-price shocks. - Capital flow management: assess the nature and volume of private flows to frontier markets; tailor policy recommendations to manage volatility and long-term financing determinants. - Regional integration and structural policy (EAC): address new challenges and opportunities to sustain growth and deepen regional markets. ### Scenario analysis and special topics highlighted - An Adverse Oil Shock Scenario (Box 1.3) - Frontier markets characterization and risks (Boxes 2.1–2.3) - East African Community integration, market deepening, and sectoral issues (Boxes 3.1–3.6) - Kenya: Mobile Money and Financial Sector Deepening (Box 3.3) ### Empirical material, indicators, and data coverage - Time series and cross-country tables and figures covering periods such as: - 2004–12, 2004–11, 2005–09, 2000–12, 1991–2009, 2009, 2010, 2005:Q1–2010:Q3 - Key tables and datasets listed: - Sub-Saharan Africa: Macroeconomic Aggregates, 2004–12 - Sub-Saharan Africa: Contributions to Real GDP Growth, 2004–11 - Developments in Private Capital Flows during 2010 - Factors in Attracting Private Capital Inflows - Formal Evidence on Determinants of Capital Inflows - Comparison of Key Indicators, 2009; Current Macroeconomic Indicators; Top 20 Fastest-Growing Economies in 2005–09 - Figures and charts include, among others: - Sub-Saharan Africa: Trends in Output among Low-Income and Oil-Exporting Countries - Sub-Saharan Africa: Trends in Output among Middle-Income Countries - Changes in Inflation and Policy Rates - Sub-Saharan Africa: Broad Money and Private Sector Credit Growth, December 2005–September 2010 - Nominal Effective Exchange Rate Change, January 2009 versus January 2011 - Sub-Saharan Africa: External Account Indicators - World Commodity Price Index; Sub-Saharan Africa: Food Inflation Rate; Relationship between Domestic and International Food Prices - Trade Balance Effects of Commodity Price Changes in 2011 - Private vs. Official Financing to Sub-Saharan African Countries; Net Private Capital Flows to Emerging and Developing Economies; Net Private Capital Flows to Sub-Saharan African Countries - Sub-Saharan Africa Frontier Markets: Portfolio Investments; Sub-Saharan Africa Frontier Markets: External Bond Issuance - Cumulative Growth in Real per Capita GDP; Inflation since Growth Turnaround; East African Community: Macroeconomic Stabilization; Total Factor Productivity; Exports since Growth Turnaround; Export Concentration; Business Environment; Investment and Savings; Financial Deepening; Private and Official Flows to the East African Community; Exchange Rate Volatility ### Annexes, references and supporting material - Statistical Appendix; References; Publications of the IMF African Department, 2009–2011 - Multiple boxes, tables, and figures provide country examples, empirical evidence, and diagnostics across the region and for the East African Community. *Regional Economic Outlook: Sub-Saharan Africa, April 2011 -- Table of Contents* --- ## Content in this bundle - [Sreo0411fpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2011/afr/_sreo0411fpdf.pdf){rel="external" type="application/pdf"} - [Sreo0411f (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/reo/2011/afr/sreo0411f.pdf){rel="external" type="application/pdf"} - [Sreo0411pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2010/afr/eng/_sreo0411pdf.pdf){rel="external" type="application/pdf"} - [Sreo0411mmpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2011/afr/eng/_sreo0411mmpdf.pdf){rel="external" type="application/pdf"} - [Sreo0411pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/reo/2011/afr/eng/_sreo0411pdf.pdf){rel="external" type="application/pdf"} --- ## References - [https://www.imf.org/external/mmedia/view.aspx?vid=928254474001](https://www.imf.org/external/mmedia/view.aspx?vid=928254474001) - [Press Release:](https://www.imf.org/external/np/sec/pr/2011/pr11155.htm) - [Podcast:](https://www.imf.org/external/pubs/ft/survey/so/pvcast.aspx) - [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/2011/01/index.htm) - [Adobe Acrobat Reader](https://www.imf.org/adobe) - [Buy a print subscription](http://www.elibrary.imf.org/view/IMF086/11383-9781616350611/11383-9781616350611/11383-9781616350611.xml) - [Ordering Information](https://www.imf.org/external/pubs/cat/longres.aspx?sk=24325.0) - [Disclaimer](https://www.imf.org/external/terms.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-africa7_