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

Daudi Ballali, Pierre Dhonte, G. Terrier and Stéphane Cossé

No 1994/109, IMF Working Papers from International Monetary Fund

Abstract: This paper highlights selected recent developments in the economies of sub-Saharan Africa. It notes that the outlook for commodity prices has improved, and with it the outlook for economic activity beyond 1994; it also notes, however, the need for higher savings and investment to sustain growth over the medium term. The paper also covers two aspects of structural adjustment: the liberalization of exchange and trade systems, which has been extensive and has resulted in a sharp reduction in exchange market distortions; and the momentum of regional integration in the CFA countries and in the Southern Africa region.

Keywords: WP; price; exchange rate; market; debt ratio; CFA franc; robusta coffee price; world commodity market; per capita income; economic dependence; retention rate; price trend; c.i.f. import price; term perspective; government debt ratio; market system; robusta coffee; Currency markets; Exchange rate arrangements; Exchange rates; Exchange rate adjustments; Sub-Saharan Africa; Africa; Southern Africa; West Africa; East Africa (search for similar items in EconPapers)
Pages: 54
Date: 1994-09-01
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