Regional Economic Outlook: Sub-Saharan Africa, April 2009 -- Table of Contents

Sub-Saharan Africa, April 24, 2009

Source details

Canonical URL

Regional Economic Outlook: Sub-Saharan Africa, April 2009 -- Table of Contents

Other formats

• Markdown version
• Structured JSON version
• Bundle manifest

Bibliographic details

• Published: April 24, 2009
• Series: Sub-Saharan Africa

Overview and Context

• The global financial crisis has worsened significantly the economic outlook for sub-Saharan Africa.
• Key channels of impact:
  • Demand for African exports and commodity export prices have fallen.
  • Remittance flows may be weakening.
  • Tighter global credit and investor risk aversion have led to a reversal of portfolio inflows, less favorable conditions for trade finance, and could lower foreign direct investment.
• Consequences:
  • Growth has started to slow markedly.
  • Fiscal and balance of payments pressures are mounting.
  • Risks remain high and the prospects for recovery remain uncertain.
• Financial systems:
  • Have so far been resilient to the global crisis.
  • The economic slowdown is likely to increase credit risk and nonperforming loans and weaken financial institutions’ balance sheets.
• Policy priority:
  • Sub-Saharan African countries should seek to contain the adverse impact of the crisis on economic growth and poverty, while preserving gains including macroeconomic stability and debt sustainability.

Report Structure and Major Themes

• Preface
• Abbreviations
• Main Messages
• I. The Impact of the Global Financial Crisis on Sub-Saharan Africa
  • How Recent Developments in the World Economy Are Affecting Sub-Saharan Africa
  • Domestic Developments and Policy Responses Thus Far
  • Outlook and Challenges
• II. Sub-Saharan African Financial Systems and the Global Financial Shock
  • Introduction
  • Key Messages
  • The Global Environment and Transmission Channels
  • The Impact of the Crisis on Financial Markets and Institutions
  • Risks and Vulnerabilities
  • Policy Challenges and Issues
  • Statistical Appendix
  • References
• Publications of the IMF African Department, 2005-09

Boxes (selected)

• 1.1. The Impact of the Global Slowdown in Africa
• 1.2. Fiscal Responses to the Food and Fuel Crisis
• 1.3. The Global Slowdown and Remittances to Africa
• 1.4. The Impact of Falling Inflows on Africa: Simulation Results
• 1.5. The Scope for Fiscal Expansion in Sub-Saharan Africa
• 1.6. The Gleneagles Commitments and the Global Financial Crisis
• 2.1. Financial Systems in Sub-Saharan Africa: One Size Does Not Fit All
• 2.2. Nigeria's Financial System and the Spillovers from the Global Crisis
• 2.3. The Impact of the Global Crisis on Sub-Saharan African Financial Systems: A Closer Look at Emerging and Frontier Markets
• 2.4. South Africa and the Impact of the Global Financial Crisis
• 2.5. The WAEMU's Financial Sector in the Face of Global Crisis
• 2.6. Rapid Credit Growth in Sub-Saharan Africa: Risks and Policy Responses
• 2.7. Lessons for Sub-Saharan Africa on How to Manage a Banking Crisis
• 2.8. Deposit Insurance in Sub-Saharan Africa
• 2.9. The Financial Sector Reform Agenda in Sub-Saharan Africa: What Has Changed with the Crisis?
• 2.10. Pyramid, Ponzi, and Other Fraudulent Financial Schemes

Tables and Statistical Annexes (selected)

• Sub-Saharan Africa: Selected Indicators, 2005-10
• Sub-Saharan Africa: Quarterly Inflation by Groups of Countries, 2008
• Sub-Saharan Africa: Non-Oil Primary Fiscal Deficits in Oil Exporters, 2003-08
• Sub-Saharan African Countries: Stock Market Capitalization, End-June 2008
• Sub-Saharan Africa: Issuance of International Bonds, 2004-08
• Sub-Saharan Africa: Countries with Concentrated Foreign Banking Assets, 2008
• Sub-Saharan Africa: Financial Soundness Indicators, 2004 and 2007
• 2.A1. Country Goupings
• 2.A2. Sub-Saharan Africa: Claims on BIS Reporting Banks, 2005-2008Q3
• 2.A3. Cross-Border Liabilities to BIS Reporting Banks, 2005-2008Q3
• 2.A4. Regulatory Capital to Risk-Weighted Assets, 2004-08Q3

Figures and Key Indicators (selected)

• The Global Financial Crisis and Its Impact on Africa
• A Comparison of Growth
• Growth in Sub-Saharan Africa
• Sub-Saharan Africa: Core Inflation in Selected Countries, 2008
• Sub-Saharan Africa: Changes in Monetary Policy
• Sub-Saharan Africa: Real Interest Rates in Selected Countries
• 1.7. Sub-Saharan Africa: Overall Fiscal Balance, Including Grants
• 1.8. Terms of Trade in Sub-Saharan Africa, 2007 and 2008
• 1.9. Sub-Saharan Africa: External Current Account Balance, 2007 and 2008
• 1.10. Sub-Saharan Africa: Changes in International Reserves since September 2008
• 1.11. Sub-Saharan Africa: Real Effective Exchange Rates in Oil Exporters and Oil Importers by Exchange Rate Regime
• 1.12. Sub-Saharan Africa: Current and Previous Forecast for 2009
• 1.13. Sub-Saharan Africa: Economic Outlook, 2009-10
• Sub-Saharan Africa: Growth Prospects
• Sub-Saharan Africa and Comparator Groups: Financial Depth Indicators
• Selected African Countries: Stock Market Index
• Emerging Markets CDS and EMBI Spreads
• Selected African Countries: Exchange Rates
• Total Foreign Assets and Foreign Liabilities of Deposit Money Banks in the African Region, 2005-08
• Sub-Saharan Africa: Net Claims of BIS Reporting Banks, End-September 2008
• Sub-Saharan Africa: Private Credit by Deposit Money Banks
• Sub-Saharan Africa: Bank Credit to the Private Sector and Deposits
• Sub-Saharan Africa: Gross Assets and Liabilities, 2001-06
• Sub-Saharan Africa: Net Direct Investment and Other Assets and Liabilities (net) Positions, as of 2006
• 2.11. Sub-Saharan Africa: Nonperforming Loans, 2004 and 2007
• 2.12. Sub-Saharan Africa: Liquid Assets, 2004 and 2007
• 2.13. Sub-Saharan Africa: Regulatory Capital, 2004 and 2007

Presentations and Outreach

• Transcript Press Briefing on the Sub-Saharan Africa Regional Economic Outlook, April 24, 2009
• Press Release: IMF Outlook for Sub-Saharan Africa Highlights Impact of Global Financial Crisis
• Manipulate, graph, and download data from this report using IMF Data Mapper®
• Sub-Saharan Africa Typology of Countries
• Other Regional Economic Outlooks
• World Economic Outlook, April 2009
• Presentations:
  • The Impact of the Global Financial Crisis on Sub-Saharan Africa; Regional Economic Outlook
  • Sub-Saharan African Financial Systems and The Global Financial Crisis; Impact, Risks, and Policy Priorities

Regional Economic Outlook: Sub-Saharan Africa, April 2009 -- Table of Contents

Content in this bundle

• The Impact of the Global Financial Crisis on Sub-Saharan Africa — Regional Economic Outlook
  • The Impact of the Global Financial Crisis on Sub-Saharan Africa — Regional Economic Outlook (Markdown version)
  • The Impact of the Global Financial Crisis on Sub-Saharan Africa — Regional Economic Outlook (PDF)
• _051809epdf
  • _051809epdf (Markdown version)
  • _051809epdf (PDF)
• Regional Economic Outlook: Sub-Saharan Africa, April 2009
  • Regional Economic Outlook: Sub-Saharan Africa, April 2009 (Markdown version)
  • Regional Economic Outlook: Sub-Saharan Africa, April 2009 (PDF)

References

• Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.
• Modify your profile
• Transcript
• Press Release:
• IMF Data Mapper®
• Typology of Countries
• Regional Economic Outlooks
• World Economic Outlook
• https://www.imf.org/en/home