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

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

September 1, 1994

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Daudi Ballali, Pierre Dhonte, G. Terrier, and Stéphane Cossé. Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries, (USA: International Monetary Fund, 1994) accessed November 9, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Currency markets, Exchange rate adjustments, Exchange rate arrangements, Exchange rates, Financial markets, Foreign exchange

Keywords: Africa, C.i.f. import price, CFA franc, Currency markets, Debt ratio, East Africa, Economic dependence, Exchange rate, Exchange rate adjustments, Exchange rate arrangements, Exchange rates, Government debt ratio, Market, Market system, Per capita income, Price, Price trend, Retention rate, Robusta coffee, Robusta coffee price, Southern Africa, Sub-Saharan Africa, Term perspective, West Africa, World commodity market, WP

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1994/109
Stock No:

WPIEA1091994
ISBN:

9781451853148
ISSN:

1018-5941

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