Sub-Saharan Africa: economic policy and outlook for growth.(Cover Story): An article from: Finance & Development

This digital document is an article from Finance & Development, published by International Monetary Fund on March 1, 1999. The length of the article is 2191 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The economic situation in sub-Saharan Africa has improved significantly in recent years. Real GDP growth has averaged 4.25% annually from 1995 to 1998 while annual inflation has fallen from 47% in 1994 to just 10% in 1998. The overall fiscal deficit has also dropped from nearly 9% of GDP in 1992 to less than 5% in 1998. Furthermore, a number of countries in the region have been making serious efforts to liberalize external trade and agriculture, and have started to address the need for a better legal system. However, to achieve sustained, high economic growth, sub-Saharan Africa will need more investment, particularly private investment. To attract investors, countries in the region will have to improve governance, maintain a stable macroeconomic environment, develop and maintain transparent and stable legal and regulatory systems, and put an end to armed conflicts.

Citation Details
Title: Sub-Saharan Africa: economic policy and outlook for growth.(Cover Story)
Author: Ernesto Hernandez-Cata
Publication:Finance & Development (Magazine/Journal)
Date: March 1, 1999
Publisher: International Monetary Fund
Volume: 36 Issue: 1 Page: 10(3)

Article Type: Cover Story

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