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

Pierre Dhonte, Jean Clément, Mbuyamu Matungulu and Dawn Rehm

No 1993/071, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; price; country; CFA country; Congo; export; export price; merchandise export; terms of trade; medium-term pattern; export buoyancy; Exchange rate arrangements; Exports; Real interest rates; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 40
Date: 1993-09-01
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