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Making the African Continental Free Trade Agreement a Success
In 2019, African heads of state and governments launched in fanfare the African Continental Free Trade Agreement (AfCFTA), a historic agreement for economic transformation across the continent. But now comes the hard bit: how to make the agreement a success? In this book, senior experts from across the world come together to provide a comprehensive analysis of the conditions needed for AfCFTA to successfully spur economic development in Africa. It puts forward three foundations for success: demography dividend, digital economy, and economic diversification. In addition to trade policy, the book recommends that African policymakers should strengthen fiscal and monetary policy coordination, ad...
Making the African Continental Free Trade Agreement a Success
"In 2019, African heads of state and governments launched in fanfare the African Continental Free Trade Agreement (AfCFTA), a historic agreement for economic transformation across the continent. But now comes the hard bit: how to make the agreement a success? In this book, senior experts from across the world come together to provide a comprehensive analysis of the conditions needed for AfCFTA to successfully spur economic development in Africa. It puts forward three foundations for success: demography dividend, digital economy, and economic diversification. In addition to trade policy, the book recommends that African policymakers should strengthen fiscal and monetary policy coordination, a...
The Oxford Handbook of the Economy of Cameroon
Cameroon's suboptimal economic experience since independence (1960) sheds light on broader issues of Africa's development narrative, and provides valuable economic and policy knowledge. While Cameroon's large informal economy is diverse and resilient and rooted in old business traditions, its formal economy has exhibited low productivity and employment growth for over 60 years. This has brought anger, disappointment, and violent conflict in several regions of the country. The Oxford Handbook of the Economy of Cameroon examines the reasons of Cameroon's unsatisfactory economic performance and draws lessons from successful development experience to help tackle these issues. The Handbook provid...
Africa's Pulse Spring 2015
Africa’s Pulse is a biannual publication containing an analysis of the near-term macro-economic outlook for the region. It also includes a section focusing on a topic that represents a particular development challenges for the continent. It is produced by the Office of the Chief Economist for the Africa Region.This issue is an analysis of issues shaping Africa's economic future. Growth remains stable in Sub-Saharan Africa. Some countries are seeing a slowdown, but the region's economic prospects remain broadly favorable. External risks of higher global financial market volatility and lower growth in emerging market economies weigh on the downside. In several Sub-Saharan African countries, ...
Chad
Growth was weaker than expected in 2021, reflecting primarily production disruptions in the oil sector, while inflation remained subdued. The poor 2021/2022 crop year, severe floods and Russia’s war in Ukraine have exacerbated food insecurity and increased inflation in 2022. Security and social conditions remain difficult, while the political transition has suffered significant delays.
Middle East and North Africa Economic Monitor, October 2016
"The year 2016 appears to be one of the toughest for the Middle East and North Africa (MENA) region as their governments face serious policy challenges. The biggest challenge for oil exporters is managing their finances and diversification strategies with oil below $45 a barrel. Fiscal consolidation in a difficult sociopolitical environment and spillovers from conflicts are creating challenges for oil importers as well. Real GOP growth in MENA for 2016 is projected to fall to its lowest level since 2013 -- 2.3 percent -- lower than last year's growth by half a percentage point and about one percentage point lower than predicted in April 2016. It is clear that the disappointing performance of...
Reforms and External Imbalances
World Bank economists expect GDP growth in the Middle East and North Africa (MENA) to continue at a modest pace of 1.5 percent in 2019, slightly down from 1.6 percent in 2018. The declme reflects a contraction in one large economy, which more than offsets growth in other countries. In the medium term, the World Bank expects real GDP in the MENA to grow at 3.4 percent and 2.7 percent in 2020 and 2021, respectively. The expected upswing is partially driven by ongoing policy reforms, as well as reconstruction efforts in some countries. However, MENA's modest recovery will be insufficient to change its historically low growth in per capita GDP. External factors are unlikely to pull the region ou...
Encyclopedia of Finance
The Encyclopedia of Finance comprehensively covers the broad spectrum of terms and topics relating finance from asset pricing models to option pricing models to risk management and beyond. This third edition is comprised of over 1,300 individual definitions, chapters, appendices and is the most comprehensive and up-to-date resource in the field, integrating the most current terminology, research, theory, and practical applications. It includes 200 new terms and essays; 25 new chapters and four new appendices. Showcasing contributions from an international array of experts, the revised edition of this major reference work is unparalleled in the breadth and depth of its coverage.
Algeria
This Selected Issues paper discusses measures needed to improve public spending efficiency to foster more inclusive growth in Algeria. Fostering more inclusive growth in a sustainable way requires addressing Algeria’s longstanding structural issues that have led to persistently high unemployment, weak private sector job creation, and insufficient quality of public services. To help reverse this situation, particularly in an environment of dwindling financial resources, Algeria should improve the efficiency of public spending, including through strengthening public wage bill and investment management. This would enable the country to increase the return on investment in human capital and infrastructure, and improve the quality and reach of public service delivery. It would help ensure that the public sector fosters private sector activity rather than competes with it.
