Africa and the Great Recession: Changing Times

Sub-Saharan Africa’s solid growth record has been supported by several factors, including significantly less civil conflict, the generally favorable commodity price developments benefiting Africa’s natural resource exporters; and the extensive debt relief provided to most highly-indebted poor countries. But I would ascribe key importance to sound policy choices by African governments – both in terms of pursuing appropriate macroeconomic policies and pressing ahead with important reform measures.

“Macro…, what?!” The New Buzz on Financial Stability

When carefully implemented, macroprudential policy can become a cornerstone of financial stability policy. The dictionary of financial lingo has been given an important new entry.

This Time It’s Different

IMF Managing Director Dominique Strauss-Kahn assesses progress in Africa and pulls together some common themes from his visit to Kenya, South Africa, and Zambia.

Africa and the Global Economic Crisis: Weathering the Storm

By Antoinette Sayeh Last week, my colleague Hugh Bredenkamp talked about how the IMF is helping the low-income countries overcome the global  economic crisis. This week, I want to follow this theme, but hone in more on sub-Saharan Africa. I know this region reasonably well, both from current and past vantage points. In my present [...]

Low-income Countries: Different Strokes for Different Folks

By Hugh Bredenkamp In my last post, I explained how the IMF has dramatically scaled up its concessional financial assistance to its low-income country members to help them cope with the current global financial crisis. Today, I want to get beyond how much is being lent, and turn to the how. It’s not enough simply [...]

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