Regional Economic Outlook, April 2008, Sub-Saharan Africa

• Record Nr.: UNINA9910780743803321
• Pubbl/distr/stampa: Washington, D.C. : , : International Monetary Fund, , 2008
• ISBN: 1-4552-8720-2; 1-4519-9661-6; 1-283-53683-8; 1-4519-4600-7; 9786613849281
• Descrizione fisica: 1 online resource (144 p.)
• Collana: Regional Economic Outlook
• Soggetti: Monetary policy - Africa, Sub-Saharan; Foreign exchange rates - Africa, Sub-Saharan; Capital movements - Africa, Sub-Saharan; Power resources - Africa, Sub-Saharan; Investments: Energy; Exports and Imports; Foreign Exchange; Inflation; Money and Monetary Policy; Macroeconomics; International Investment; Long-term Capital Movements; Price Level; Deflation; Monetary Policy; Monetary Policy, Central Banking, and the Supply of Money and Credit: General; Electric Utilities; Currency; Foreign exchange; International economics; Monetary economics; Investment & securities; Exchange rate arrangements; Capital inflows; Inflation targeting; Exchange rates; Prices; Balance of payments; Monetary policy; Capital flows; Capital movements; Money supply; Electric utilities; Africa, Sub-Saharan Economic conditions 1960-; Africa, Sub-Saharan Economic policy; South Africa
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references (p. 121-126).
• Nota di contenuto: Cover; Contents; Abbreviations; Executive Summary; I. Overview; Main Developments in 2007; Figures; 1.1. A Comparison of Growth; Tables; 1.1. Sub-Saharan Africa: Selected Indicators, 2003-08; Boxes; 1.1. Sub-Saharan Africa and the Global Slowdown; 1.2. Growth in Sub-Saharan Africa; 1.3. Regional Dynamics of Growth; 1.4. Contribution to GDP Growth; 1.5. Growth Volatility; 1.6. Real Per Capita GDP Growth; 1.7. Sub-Saharan Africa: Oil Exporters; 1.8. Sub-Saharan Africa: Trading Gains (Losses); 1.2. Economic Crisis in Zimbabwe; 1.9. Inflation in Sub-Saharan Africa; 1.10. Sub-Saharan Africa: External Current Account Balance1.11. Commodity Prices in Sub-Saharan Africa; Macroeconomic Policies; 1.12. Three-Month Interbank Rates in Selected Emerging Markets; 1.13. Monetary Developments; 1.14. Real Effective Exchange Rates in Sub-Saharan Africa; 1.15. Real Effective Exchange Rates in the CEMAC and the WAEMU; 1.16. Sub-Saharan Africa: Reserve Coverage; 1.17. Credit to the Private Sector in Sub-Saharan Africa; 1.18. Real Effective Exchange Rates in Sub-Saharan African Countries with a Floating Regime; 1.19. Sub-Saharan Africa: 2007 Exchange Rate Adjustments and Current Account Balances1.20. Central Government Revenues in Sub-Saharan Africa; 1.21. Central Government Primary Expenditures in Sub-Saharan Africa; 1.22. Central Government Social Spending in Sub-Saharan Africa; 1.23. Low-Income Sub-Saharan Africa: Government Financing of Fiscal Deficits; 1.3. The Changing Nature of Public Debt in Sub-Saharan Africa; Outlook for 2008 and Risks; 1.24. Total Government Debt in Sub-Saharan Africa; 1.25. Oil Prices and GDP Growth in Sub-Saharan Africa; 1.26. Exports and Growth in Sub-Saharan Africa; 1.4. The Impact of High Oil Prices on Sub-Saharan Africa1.5. Conflicts and Political Instability in Sub-Saharan Africa: Growth and Spillover Effects; 1.27. Sub-Saharan Africa: Growth and Commodity Prices; 1.28. Growth Prospects in Sub-Saharan Africa; 1.29. Sub-Saharan Africa: Reserve Coverage for Terms of Trade Shocks, 2007; Medium-Term Challenges: Unleashing the Private Sector and Reducing the Cost of Doing Business; 1.30. Sub-Saharan Africa: Doing Business, 2007; 1.31. Sub-Saharan Africa: Global Competitiveness Index, 2007; 1.32. Sub-Saharan Africa: Governance Ranking, 2000-06; 1.6. Creditor Rights in Sub-Saharan AfricaAppendix 1.1; A1.1. Categorization of Sub-Saharan African Countries; A1.2. Non-Oil Primary Fiscal Deficits, 2002-07; II. Monetary and Exchange Rate Policies in Sub-Saharan Africa; 2.1. Inflation Objectives for Sub-Saharan African Low-Income Countries; 2.2. The Monetary Transmission Mechanism in Sub-Saharan Africa; The Monetary and Exchange Rate Landscape; 2.1. De Jure Monetary Policy Frameworks in Sub-Saharan Africa; 2.3. Assessing Reserve Money Targeting in Sub-Saharan Africa; 2.1. Sub-Saharan Africa: Exchange Rate Distribution, 2005-07; Policy Challenges of Implementing Monetary and Exchange Rate Regimes in Sub-Saharan Africa
• Sommario/riassunto: The region's prospects continue to be promising, but global developments pose increased risks to the outlook. Growth in sub-Saharan Africa should again average about 6½ percent in 2008 with oil exporters leading the way; meanwhile, growth in oil importers is expected to taper off, though only modestly. With food and energy prices still rising, inflation is projected to average about 8½ percent this year for countries in the region, setting aside Zimbabwe. Risks in 2008 are tilted to the downside, but the region is better placed today to withstand a worsening of the global environment.