Economic Trends in Africa [electronic resource] : The Economic Performance of Sub-Saharan African Countries / Daudi Ballali.
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TextSeries: IMF Working Papers; Working Paper ; No. 94/109Publication details: Washington, D.C. : International Monetary Fund, 1994Description: 1 online resource (54 p.)ISBN: 1451853149 :ISSN: 1018-5941Subject(s): Domestic Savings | Exchange Rate | Exchange Rates | Foreign Exchange | Terms of Trade | Botswana | NigeriaAdditional physical formats: Print Version:: Economic Trends in Africa : The Economic Performance of Sub-Saharan African CountriesOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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.
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