Posted on July 13, 2016 by iMFdirect
By Anne-Marie Gulde-Wolf
Version in Français (French), Português (Portuguese)
There are many reasons why deeper financial development—the increase in deposits and loans but also their accessibility and improved financial sector efficiency—is good for sustainable growth in sub-Saharan Africa. For one, it helps mobilize savings and to direct funds into productive uses, for example by providing the start-up capital for the next innovative enterprise. This in turn facilitates a more efficient allocation of resources and increases overall productivity.
Filed under: Africa, Economic outlook, Financial regulation, growth, IMF, International Monetary Fund, Investment | Tagged: financial inclusion, Financial regulation, financial sector, growth, IMF, iMFdirect, International Monetary Fund, investment, Pan-African banks, Regional Economic Outlook: Sub-Saharan Africa, stability, Sub-Saharan Africa | Leave a comment »
Posted on April 7, 2016 by iMFdirect
By Carla Grasso
Versions in: عربي (Arabic), 中文 (Chinese), Français (French), 日本語 (Japanese), Português (Portuguese), Русский (Russian), and Español (Spanish)
If there’s one thing all economists can agree on, it’s the importance of numbers. Without good data, it is difficult to assess how an economy is performing and formulate smart policies that help improve lives. Continue reading
Filed under: Africa, IMF, International Monetary Fund, technology | Tagged: Africa, capacity building, Cape Verde, East Africa, IMF, iMFdirect, International Monetary Fund, Mauritius, Mozambique, senegal, Seychelles, Sub-Saharan Africa, Tanzania, technical assistance | Leave a comment »
Posted on February 25, 2016 by iMFdirect
By Jeff Hayden
(Versions in عربي and Español)
Say “population growth” and many people immediately think of resources under stress. The mind jumps to 19th century scholar Thomas Malthus, who saw population outstripping the food supply, or to Paul Ehrlich, whose 1968 book The Population Bomb warned of global catastrophe from overpopulation.
Filed under: Africa, China, Employment, Fiscal policy, Government, growth, IMF, International Monetary Fund | Tagged: demographics, El Nino, employment, Finance & Development magazine, fiscal policy, inflation, oil prices, population aging, Sub-Saharan Africa, wages, women | Leave a comment »
Posted on February 17, 2016 by iMFdirect
By Andrea F. Presbitero and Min Zhu
(Versions in 中文 (Chinese), Français, and Português)
Many low-income developing countries have joined the group of Eurobond issuers across the globe— in sub-Saharan Africa (for example, Senegal, Zambia, and Ghana), Asia (for example, Mongolia) and elsewhere, raising over US$21 billion cumulatively over the past decade. Tapping these markets provides a new source of funds, but also exposes borrowers to shifts in investor sentiment and rising global interest rates.
Filed under: Africa, Asia, Emerging Markets, IMF, International Monetary Fund, Low-income countries, Public debt | Tagged: Asia, bond spreads, capital inflows, emerging markets, eurobond, exchange rates, financial markets, foreign reserves, GDP, IMF, iMFdirect, International Monetary Fund, low-income countries, public debt, public investment, Sub-Saharan Africa | Leave a comment »
Posted on January 28, 2016 by iMFdirect
By Antoinette Sayeh
(Versions in Español, Français, and Português)
The sub-Saharan Africa region is facing severe shocks associated with the steep decline in commodity prices and tightening global financial conditions. Against this background, it’s a good time to look back at the region’s recent growth experience and examine the relationship between growth rates and competitiveness. The extent to which sub-Saharan African companies are able to compete against their foreign competitors (that is, the extent to which they are competitive) could indeed play a role in sustaining growth going ahead.
Filed under: Africa, Economic outlook, growth, International Monetary Fund, trade | Tagged: Africa, commodity exports, competitiveness, development, exchange rates, growth, IMF, infrastructure, labor force, Regional Economic Outlook: Sub-Saharan Africa, Sub-Saharan Africa | Leave a comment »
Posted on December 21, 2015 by iMFdirect
By Wenjie Chen and Roger Nord
(Versions in عربي, 中文, Français, Português, and Español)
China’s President Xi Jinping’s recent pledge of US$60 billion in financial support over the next three years illustrates the depth of the partnership between China and Africa.
However, China’s shift from an investment-heavy, export led growth strategy to an economic model that relies more on domestic consumption has led to a dramatic decline in commodity prices. Lower commodity prices and lower volumes of trade have hit sub-Saharan Africa’s commodity exporters hard. But over the medium term, this shift may offer sub-Saharan African countries the opportunity to diversify their economies away from natural resources, and create jobs for their young populations, provided they pursue the right policies to foster competitiveness and integrate into global value chains.
Filed under: Africa, China, growth, International Monetary Fund, Investment, Transition | Tagged: China, commodities, export diversification, exports, foreign direct investment, IMF, imports, investment, Sub-Saharan Africa, trade | Leave a comment »
Posted on November 16, 2015 by iMFdirect
by Antoinette Sayeh
(Versions in Français and Português)
Rising inequality is both a moral and economic issue that has implications for the general health of the global economy, and impacts prosperity and growth.
So it’s not surprising that reducing inequality is an integral part of the Sustainable Development Goals adopted by world leaders at the United Nations summit in September. I often discuss with my colleagues where sub-Saharan Africa stands with respect to these objectives. Unfortunately, the region remains one of the most unequal in the world, on par with Latin America (see Chart 1). In fact, inequality seems markedly higher at all levels of income in the region than elsewhere (see Chart 2).
Filed under: Africa, growth, IMF, Inequality, International Monetary Fund | Tagged: Africa, Angola, Antoinette Sayey, Cameroon, gender inequality, growth, inclusive growth, inequality, Kenya, Mali, Namibia, Niger, South Africa, Sub-Saharan Africa, sustainable development Goals | Leave a comment »