Title Adjustment and growth in Sub-Saharan Africa / prepared by Evangelos A. Calamitsis, Anupam Basu, and Dhaneshwar Ghura

Published [Washington, D.C.] : International Monetary Fund, African Department, ©1999

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Description 1 online resource (35 pages) : illustrations Series IMF working paper ; WP/99/51 IMF working paper ; WP/99/51. Summary In many respects, sub-Saharan Africa today is quite different from what it was in the early 1980s. For the first time in a generation, there is clear evidence of economic progress in an increasing number of countries in the region. Thus, since 1994 aggregate economic performance has been improving, reflecting the implementation of appropriate policies, often in the context of comprehensive adjustment and reform programs supported by the IMF and the World Bank. Sound fiscal and monetary policies have led to a substantial reduction of domestic and external financial imbalances. At the same time, important structural reforms have contributed to alleviating distortions and improving overall economic efficiency. 2 More and more countries in the region are also giving increasing attention to achieving high-quality growth by placing higher priority on public spending on health care, education, and other basic social services. Moreover, the implementation of these economic policies has been accompanied by political liberalization and a movement toward participatory forms of government that foster a consensus encompassing the state and civil society Bibliography Includes bibliographical references (pages 19-20) Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record Subject Gross domestic product -- Africa, Sub-Saharan Saving and investment -- Africa, Sub-Saharan Human capital -- Africa, Sub-Saharan Budget deficits -- Africa, Sub-Saharan Sustainable development -- Africa, Sub-Saharan Poverty -- Africa, Sub-Saharan Investments -- Africa, Sub-Saharan Investments Budget deficits Economic history Economic policy Gross domestic product Human capital Poverty Saving and investment Sustainable development SUBJECT Africa, Sub-Saharan -- Economic conditions -- 1960- http://id.loc.gov/authorities/subjects/sh85001675 Africa, Sub-Saharan -- Economic policy Subject Sub-Saharan Africa Form Electronic book Author Basu, Anupam Ghura, Dhaneshwar International Monetary Fund. African Department ISBN 128121437X 9781281214379

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