Cape Verde, Namibia, and Kingdom of Swaziland: Selected Issues Paper on the Challenges of Small Middle-Income Countries in Sub-Saharan Africa

September 20, 2013

Summary

This Selected Issues paper focuses on the challenges of small middle-income countries (MIC) in sSub-Saharan Africa (SSA) comprising Cape Verde, Namibia, and the Kingdom of Swaziland. The IMF report summarizes the analytic underpinnings that support the IMF staff’s advice on policies to strengthen macroeconomic stability, foster more inclusive growth, and enhance the resilience of their financial systems. It recommends that macroeconomic policies should aim to rebuild policy buffers to help cushion against large external shocks especially given the prevalence of pegged exchange rate regimes in these economies.

Subject: Central banks, Commercial banks, Financial institutions, Income inequality, Labor, Labor markets, Reserve positions, Unemployment, Unemployment rate

Keywords: adequacy estimate, Africa, bank, banking sector, banking system, Commercial banks, concentration risk, cost of capital, CR, credit exposure, determination system, financial system, Global, ISCR, Labor markets, reserve, Reserve positions, Sub-Saharan Africa, Unemployment, Unemployment rate, wage, wage policy, wage-price spiral

Pages:
51
Volume:
2013
DOI:
https://doi.org/10.5089/9781484340240.002
Issue:
292
Series:
Country Report No. 2013/292
Stock No:
1AFREA2013001
ISBN:
9781484340240
ISSN:
1934-7685

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