Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries

ByPierre Dhonte, Jean A. P. Clément, Mbuyamu I Matungulu, Dawn Elizabeth Rehm

September 1, 1993

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper surveys recent economic developments in countries in the African Department. In the aggregate, output growth continues to be sluggish, and it is expected that half of the countries will experience a declining income per capita in 1993. However, structural adjustment is making fast progress, especially as regards the liberalization of exchange and credit markets. This bodes well for an eventual improvement in economic performance.

Subject: Exchange rate arrangements, Exports, Financial services, Foreign exchange, International trade, Real interest rates

Keywords: CFA country, Congo, country, Exchange rate arrangements, export, export buoyancy, export price, Exports, medium-term pattern, merchandise export, price, Real interest rates, Sub-Saharan Africa, terms of trade, WP

Pages:
40
Volume:
1993
DOI:
https://doi.org/10.5089/9781451849196.001
Issue:
071
Series:
Working Paper No. 1993/071
Stock No:
WPIEA0711993
ISBN:
9781451849196
ISSN:
1018-5941

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Notes

Surveys recent economic developments in countries in the African Department.

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