Adjustment for Growth: The African Experience

Amor Tahari, M. Nowak, Michael Hadjimichael and Robert Sharer

No 1996/007, IMF Occasional Papers from International Monetary Fund

Abstract: Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).

Keywords: OP; adjustment experience of sub-Saharan Africa; public policy; investment; rate of inflation low; investment ratio; investment in sub-Saharan Africa; policy dialogue; Private investment; Private savings; Public sector; Public enterprises; Inflation; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Pages: 94
Date: 1996-10-15
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Citations: View citations in EconPapers (10)

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