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Algeria
This paper offers Algeria's recent experience with macroeconomic stabilization and systemic transformation from a centrally planned to a market economy. The analyses focuses on the period since 1994 when Algeria embarked on a comprehensive reform program that has benefitted from IMF support, first through a one-year Stand-by Arrangement, and from May 1995, through a three-year arrangement under the Extended Fund Facility. To better understand this experience, this paper provides some background information on Algeria's political history and economic developments during the period preceding the Stand-By arrangement.
Recent Challenges to the Conduct of Monetary Policy in the
This paper discusses recent challenges in BCEAO monetary policy, from a recent spike in inflation, the persistent erosion of external reserves, and strains in the regional financial market. In response to these shocks, the BCEAO operated via both policy rates and liquidity management, including by shifting from fixed to variable rate auctions. The paper finds that the conduct of monetary policy became progressively more constrained by financial stability and external viability challenges, arguing for enhanced monetary-fiscal policy coordination to help the BCEAO meet its reserves objectives.
Cote D'Ivoire
This paper discusses Côte D’Ivoire’s Requests for an Extended Arrangement Under the Extended Fund Facility (EFF) and an Arrangement Under the Extended Credit Facility (ECF). Extending the gains of 2015, solid economic and fiscal performance continued in 2016. Strong investment and private consumption contributed to real GDP growth estimated at about 9 percent in 2015. In 2016, booming extractive industries and rising domestic demand supported activity in the commercial sector, which should sustain GDP growth at about 8 percent. The macroeconomic outlook remains favorable, but structural bottlenecks pose challenges to sustained strong growth. The IMF staff supports the authorities’ request for the ECF and EFF arrangements.
Mali
In 2011, the economy of Mali is expected to stay on a robust growth trajectory with low inflation. Fiscal performance has been consistent with program targets during the first half of 2011. Money supply increased more than GDP during the first nine months of 2011. The authorities intend to continue the ongoing economic and financial reforms in cooperation with the IMF. Initiation of the new Extended Credit Facility program will coincide with the launch of the third growth and poverty reduction strategy (G-PRSP III) for 2012–17.
Arab Oil & Gas
None
French Pastries and Desserts by Lenôtre
The original edition of Gaston Lenôtre’s groundbreaking cookbook inspired generations of aspiring pastry chefs. In this fully revised new edition, you will learn how to bake everything from a Paris-Brest to a Gâteau Saint-Honoré, and how to unlock the secrets of puff pastries, soufflés, charlottes, Bavarian cream, and festive Yule logs. More than 200 recipes ranging from basic to advanced are clearly and simply presented, making them accessible to bakers of every skill level. With thanks to Gaston Lenôtre’s daughter Sylvie Gille-Naves, who also collaborated with him on the original edition of this book, his son Alain Lenôtre, with whom he established the Lenôtre culinary schools, and the chefs at Maison Lenôtre, who carefully reviewed and updated every recipe, this classic work is once again available to home chefs everywhere.
Africa Export-Import and Business Directory Volume 1 Strategic Information and Contacts
Africa Export-Import and Business Directory
Benin Energy Policy, Laws and Regulations Handbook Volume 1 Strategic Information and Regulations
Benin Energy Policy, Laws and Regulation Handbook
Benin Business Law Handbook Volume 1 Strategic Information and Basic Laws
Benin Business Law Handbook - Strategic Information and Basic Laws
