The New International Financial Architecture and Africa

Saleh Nsouli and Françoise Le Gall

No 2001/130, IMF Working Papers from International Monetary Fund

Abstract: The new international financial architecture can help African countries benefit from globalization, while minimizing the risks, and foster an environment conducive to increased domestic investment and higher sustained growth. This paper highlights the progress that African countries have made in several areas of the new architecture, but it also underscores the considerable way that these countries must go to meet the requirements of the new architecture.

Keywords: WP; exchange rate; member country; debt relief; country official; Africa; globalization; international financial architecture; a number of country; NBR power; Poverty reduction strategy; Poverty reduction; Exchange rate arrangements; Capital account; Financial Sector Assessment Program; Sub-Saharan Africa; North Africa; East Asia (search for similar items in EconPapers)
Pages: 33
Date: 2001-09-01
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