{
  "title": "Regional Economic Outlook: Sub-Saharan Africa, April 2007 -- Table of Contents",
  "publication": "Sub-Saharan Africa, April 13, 2007",
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  "summary": "Sub-Saharan Africa's growth performance during the past three years has been the best in more than three decades, and higher oil revenues and increased debt relief have been used to make progress toward the Millennium Development Goals (MDGs).",
  "publishDate": "2007-04-13",
  "series": "Sub-Saharan Africa",
  "sections": [
    {
      "heading": "Overview and Key Findings",
      "content": "- Sub-Saharan Africa's growth performance during the past three years has been the best in more than three decades.\n- Higher oil revenues and increased debt relief have been used to make progress toward the Millennium Development Goals (MDGs).\n- Despite spending pressures, most countries have managed to preserve macroeconomic stability with policies intended to support and sustain the region’s higher growth.\n- The latest REO is complemented by analyses on:\n  - the macroeconomic challenges for oil producers,\n  - changing trade patterns, including with China,\n  - the development of government debt markets."
    },
    {
      "heading": "Publications, Events, and Access",
      "content": "- Press Conference on the Sub-Saharan Africa Regional Economic Outlook: April 13, 2007 (Webcast; Transcript).\n- Press Release: IMF Sub-Saharan Africa Regional Economic Outlook Cites Region's Strong Growth Prospects, Highlights Risks and Medium-Term Challenges.\n- Transcript of a Press Conference on the Sub-Saharan Africa Regional Economic Outlook.\n- World Economic Outlook: Spillovers and Cycles in the Global Economy, April 2007.\n- Regional Economic Outlook: Sub-Saharan Africa — April 2007 — English and Français availability noted.\n- World Economic and Financial Surveys; Ordering Information.\n- Email notification sign-up for new series and/or country items."
    },
    {
      "heading": "Developments in 2006 and Prospects for 2007 (Chapter II)",
      "content": "- Contents structure:\n  - Developments in 2006\n  - Prospects for 2007\n\n- Figures and indicators listed relevant to developments and prospects include:\n  - Sub-Saharan Africa: Real GDP Growth\n  - Sub-Saharan Africa: Contribution to GDP Growth\n  - Sub-Saharan Africa: Inflation, 2000-06\n  - Sub-Saharan Africa: Commodity Prices\n  - Sub-Saharan Africa: Foreign Reserves\n  - Sub-Saharan Africa: Destination of Exports\n  - Sub-Saharan Africa: External Debt, 2000-06\n  - Sub-Saharan Africa: Components of Total Net Official Development Assistance\n  - Sub-Saharan Africa: Real Effective Exchange Rate\n  - Sub-Saharan Africa: Debt Trading Volumes\n  - Oil-Exporting Countries: Contribution to GDP Growth\n  - SSA Oil-Exporting Countries: Fiscal Spending and Oil Revenues, 2002-06\n  - SSA Oil-Exporting Countries: External Spending and Oil Exports, 2002-06\n  - SSA Oil-Exporting Countries: Current Account and Official Reserves\n  - International Comparison: Doing Business Indicators\n  - Oil-Importing Countries: Contribution to GDP Growth\n  - Sub-Saharan Africa: Real GDP Growth, 2007\n  - Sub-Saharan Africa: Median Inflation and Countries with Inflation Below 10 Percent\n  - Sub-Saharan Africa, Euro Area, and the United States: Real GDP Growth\n  - Sub-Saharan Africa, Euro Area, and the United States: GDP Growth Correlation"
    },
    {
      "heading": "Macroeconomic Challenges for Africa's Oil Producers (Chapter III)",
      "content": "- Chapter structure:\n  - Introduction\n  - Policy Challenges Ahead\n  - Conclusions\n\n- Figures and analyses referenced:\n  - SSA: Oil Production and Oil Prices, 1965-2006\n  - SSA Oil-Producing Countries: Oil and Non-Oil Revenues, 2002 and 2006\n  - SSA Oil-Producing Countries: Portion of Oil Revenue Spent, 2002 and 2006\n  - SSA Oil-Producing Countries: Change in International Reserves and Non-Oil Primary Fiscal Balances, 2002 and 2006\n  - SSA Oil-Producing Countries: Impact of Fiscal Policies, 1970-2006\n  - Selected Indicators in Oil-Producing Countries, 2005\n  - SSA Oil-Producing Countries: Oil and Gas Production, 2001-56\n  - SSA Oil-Producing Countries: Non-hydrocarbon Primary Balance, 2003-45\n  - SSA Oil-Producing Countries: Permanently Sustainable Non-Oil Primary Deficits (3.2 percent return)\n  - SSA Oil-Producing Countries: Permanently Sustainable Non-Oil Primary Deficits (4 percent return)\n  - SSA Oil-Producing Countries: Real Growth and Sustainable Government Expenditure, 2003-55\n  - Nigeria: Impact of Scaling Up Government Spending, 2002-12"
    },
    {
      "heading": "Sub-Saharan Africa's Emerging Export Pattern (Chapter IV)",
      "content": "- Chapter structure:\n  - Evolution of SSA Export Patterns through 2005\n  - Export Patterns by Product\n  - Export Patterns by SSA Country Groupings\n  - A Closer Look at SSA's Manufacturing Exports\n  - Benchmarking SSA's Trade Performance\n  - Making Trade an Engine of Development\n  - Constraints on Manufacturing in SSA\n\n- Tables and figures addressing export patterns:\n  - Sectoral Composition of Exports, 1985-2005\n  - Growth Rates of Broad Export Categories, 1985-2005\n  - Destination Shares of Broad Export Categories, 1990 and 2005\n  - Top Two Markets and Suppliers of Major Manufacturing Exports\n  - Undertrading in Developing Countries, 2000-05\n  - Undertrading in Sub-Saharan Africa, 2000-05\n  - Share of World Trade by Region, 1970-2005\n  - Destination of Sub-Saharan African Exports\n  - Total Merchandise Exports by Destination, 1985 and 2005\n  - Destination Shares of Sub-Saharan African Exports, 1990 and 2005\n  - Exports of Major Merchandise Categories, 1985-2005\n  - Selected Economies: Major Product Category Shares of Total Exports\n- Boxes relevant to trade and external relations:\n  - China's Financial Relations with Sub-Saharan Africa\n  - International Service Outsourcing to Sub-Saharan Africa"
    },
    {
      "heading": "Local-Currency Government Debt Markets in Africa (Chapter V)",
      "content": "- Chapter structure:\n  - Government Debt Markets and Economic Performance\n  - Principal Characteristics and Size of Government Debt Markets in Africa\n  - Structural Challenges in Domestic Debt Markets\n  - Strategies for Sustainable Market Development\n\n- Tables and figures referenced:\n  - Domestic Debt in Sub-Saharan Africa, 1980-2000\n  - Commercial Bank Holdings of Domestic Debt\n  - Holders of Domestic Debt in Selected African Countries, 2000\n  - Securitized Debt in Selected African Countries, 2004\n  - Holders of Debt in Selected African Countries, 2001-05\n  - Government Securities Markets in Kenya\n  - Debt Management: The Essentials\n  - Government Debt and Private Bond Market Development in Africa\n- Boxes related to debt markets:\n  - Is There a Link Between Domestic Debt and Growth?\n  - Government Securities Markets in Kenya\n  - Debt Management: The Essentials"
    },
    {
      "heading": "Appendices, Statistical Materials, and Supporting Content",
      "content": "- Appendices and supporting sections:\n  - Appendix I. Additional Tables and Figures\n  - Appendix II. Methodological Notes to Chapter IV\n  - Statistical Appendix\n  - Data and Conventions\n  - List of Tables\n  - References\n  - Publications of the IMF African Department, 2003-2007\n\n- Tables (selected listing from contents):\n  - 2.1. Sub-Saharan Africa: Selected Indicators, 2002-07\n  - 3.1. Sub-Saharan African OPCs: Quality of Public Sector Management and Institutions, 2005\n  - 4.1. Sectoral Composition of Exports, 1985-2005\n  - 4.2. Growth Rates of Broad Export Categories, 1985-2005\n  - 4.3. Destination Shares of Broad Export Categories, 1990 and 2005\n  - 4.4. Top Two Markets and Suppliers of Major Manufacturing Exports\n  - 4.5. Undertrading in Developing Countries, 2000-05\n  - 4.6. Undertrading in Sub-Saharan Africa, 2000-05\n  - 5.1 Domestic Debt in Sub-Saharan Africa, 1980-2000\n  - 5.2 Commercial Bank Holdings of Domestic Debt\n\n- Figures (selected listing from contents):\n  - 2.2. Sub-Saharan Africa: Contribution to GDP Growth\n  - 2.3. Sub-Saharan Africa: Inflation, 2000-06\n  - 2.4. Sub-Saharan Africa: Commodity Prices\n  - 2.5. Sub-Saharan Africa: Foreign Reserves\n  - 2.6. Sub-Saharan Africa: Destination of Exports\n  - 2.7. Sub-Saharan Africa: External Debt, 2000-06"
    },
    {
      "heading": "Boxes Highlighting Thematic Issues",
      "content": "- Trends in Poverty and Inequality in Sub-Saharan Africa\n- Information and Communication Technologies in Sub-Saharan Africa\n- Debt Relief and Credit Rating in Sub-Saharan Africa\n- Macroeconomic Implications of Climate Change in Sub-Saharan Africa\n- Policies to Promote Private Sector Development in Sub-Saharan Africa\n- Limited Oil Reserves and Long-Term Fiscal Policies\n- Oil and Gas Reserves in Sub-Saharan Africa\n- Simulating the Impact of Scaled-Up Public Spending\n- Implementation of the Extractive Industries Transparency Initiative (EITI) in Africa\n- China's Financial Relations with Sub-Saharan Africa\n- International Service Outsourcing to Sub-Saharan Africa\n- Is There a Link Between Domestic Debt and Growth?\n- Government Securities Markets in Kenya\n- Debt Management: The Essentials\n- Government Debt and Private Bond Market Development in Africa\n\nRegional Economic Outlook: Sub-Saharan Africa, April 2007 -- Table of Contents\n\n---\n\n Content in this bundle\n\n- IMF Regional Economic Outlook: Sub-Saharan Africa, April 2007\n  - IMF Regional Economic Outlook: Sub-Saharan Africa, April 2007 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - IMF Regional Economic Outlook: Sub-Saharan Africa, April 2007 (PDF){rel=\"external\" type=\"application/pdf\"}\n- afrfpdf\n  - afrfpdf (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - afrfpdf (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- Webcast\n- Transcript\n- Press Release:\n- Regional Economic Outlooks\n- World Economic Outlook:\n- Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.\n- Modify your profile\n- Ordering Information\n- Adobe Acrobat Reader\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa8"
    }
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    "[Markdown version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa8/index.md)",
    "[Structured JSON version](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa8/index.json)",
    "[Bundle manifest](/en/publications/reo/ssa/issues/2017/01/07/regional-economic-outlook-sub-saharan-africa8/bundle-manifest.json)",
    "Published: April 13, 2007",
    "Series: Sub-Saharan Africa",
    "Sub-Saharan Africa's growth performance during the past three years has been the best in more than three decades.",
    "Higher oil revenues and increased debt relief have been used to make progress toward the Millennium Development Goals (MDGs).",
    "Despite spending pressures, most countries have managed to preserve macroeconomic stability with policies intended to support and sustain the region’s higher growth.",
    "The latest REO is complemented by analyses on:",
    "Press Conference on the Sub-Saharan Africa Regional Economic Outlook: April 13, 2007 (Webcast; Transcript).",
    "Press Release: IMF Sub-Saharan Africa Regional Economic Outlook Cites Region's Strong Growth Prospects, Highlights Risks and Medium-Term Challenges.",
    "Transcript of a Press Conference on the Sub-Saharan Africa Regional Economic Outlook.",
    "World Economic Outlook: Spillovers and Cycles in the Global Economy, April 2007.",
    "Regional Economic Outlook: Sub-Saharan Africa — April 2007 — English and Français availability noted.",
    "World Economic and Financial Surveys; Ordering Information.",
    "Email notification sign-up for new series and/or country items.",
    "Contents structure:",
    "Figures and indicators listed relevant to developments and prospects include:",
    "Chapter structure:",
    "Figures and analyses referenced:",
    "Chapter structure:",
    "Tables and figures addressing export patterns:",
    "Boxes relevant to trade and external relations:",
    "Chapter structure:",
    "Tables and figures referenced:",
    "Boxes related to debt markets:",
    "Appendices and supporting sections:",
    "Tables (selected listing from contents):",
    "Figures (selected listing from contents):",
    "Trends in Poverty and Inequality in Sub-Saharan Africa",
    "Information and Communication Technologies in Sub-Saharan Africa",
    "Debt Relief and Credit Rating in Sub-Saharan Africa",
    "Macroeconomic Implications of Climate Change in Sub-Saharan Africa",
    "Policies to Promote Private Sector Development in Sub-Saharan Africa",
    "Limited Oil Reserves and Long-Term Fiscal Policies",
    "Oil and Gas Reserves in Sub-Saharan Africa",
    "Simulating the Impact of Scaled-Up Public Spending",
    "Implementation of the Extractive Industries Transparency Initiative (EITI) in Africa",
    "China's Financial Relations with Sub-Saharan Africa",
    "International Service Outsourcing to Sub-Saharan Africa",
    "Is There a Link Between Domestic Debt and Growth?",
    "Government Securities Markets in Kenya",
    "Debt Management: The Essentials",
    "Government Debt and Private Bond Market Development in Africa",
    "**IMF Regional Economic Outlook: Sub-Saharan Africa, April 2007**",
    "**_afrfpdf**",
    "[Webcast](https://www.imf.org/external/mmedia/view.asp?eventID=721)",
    "[Transcript](https://www.imf.org/external/np/tr/2007/tr070413b.htm)",
    "[Press Release:](https://www.imf.org/external/np/sec/pr/2007/pr0770.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/2007/01/index.htm)",
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