Public Policies and Private Savings and Investment in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451922523
Total Pages : 48 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Public Policies and Private Savings and Investment in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura

Download or read book Public Policies and Private Savings and Investment in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-02-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.

Public Policies and Private Savings and Investment in Sub-Saharan Africa

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Author :
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Public Policies and Private Savings and Investment in Sub-Saharan Africa by : Michael Hadjimichael

Download or read book Public Policies and Private Savings and Investment in Sub-Saharan Africa written by Michael Hadjimichael and published by . This book was released on 2006 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.

Effects of Macroeconomic Stabilityon Growth, Savings, and Investment in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145185207X
Total Pages : 122 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Effects of Macroeconomic Stabilityon Growth, Savings, and Investment in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura

Download or read book Effects of Macroeconomic Stabilityon Growth, Savings, and Investment in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1994-08-01 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of this paper indicates that the unsatisfactory overall economic performance of sub-Saharan African countries during 1986–93 was due to inappropriate policies pursued by a number of countries. The countries that have pursued broadly appropriate adjustment policies have performed much better, achieving positive per capita GDP growth. The analysis is supported with an econometric investigation of the effects of macroeconomic policies, structural reforms, and exogenous factors on economic performance. The results indicate that progress in achieving macroeconomic stability and implementing structural reforms have been conducive to better growth, savings, and private investment.

Promoting Growth in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557759665
Total Pages : 24 pages
Book Rating : 4.7/5 (596 download)

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Book Synopsis Promoting Growth in Sub-Saharan Africa by : Mr.Anupam Basu

Download or read book Promoting Growth in Sub-Saharan Africa written by Mr.Anupam Basu and published by International Monetary Fund. This book was released on 2000-10-02 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa is the world’s poorest continent, but amid all the bad news, there is hope for change. This pamphlet examines the lessons to be learned from some of the more successful economies south of the Sahara, and discusses a policy framework to promote sustainable economic growth and reduce poverty across the region.

Privatization and Investment in Sub-Saharan Africa

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Author :
Publisher : Praeger
ISBN 13 : 0275933741
Total Pages : 0 pages
Book Rating : 4.2/5 (759 download)

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Book Synopsis Privatization and Investment in Sub-Saharan Africa by : Rexford A. Ahene

Download or read book Privatization and Investment in Sub-Saharan Africa written by Rexford A. Ahene and published by Praeger. This book was released on 1992-05-21 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This contributed volume examines development efforts in sub-Saharan Africa and the role privatization and foreign investment can play. The focus is on African and international capital mobility and recent experience in private investment in contemporary African states. While government in Africa continues to have a hand in economic and political matters, private enterprise, private investment, and market forces are becoming increasingly active. The volume reveals these new directions in development practice in Africa and analyzes the difficulties which government, while well-intended, has created in the past. Contributors from the United States and Africa pose questions and examine scenarios for investment in sub-Saharan Africa. And while no single strategy is agreed upon, they provide overwhelming evidence that it has been the failure of prior central policies which has held these nations back, and that hope for the 1990's lies in the unleashing of the private sector. This work will be of interest to scholars and policy-makers in development economics, international trade and finance, and African studies.

Public Investment Efficiency in Sub-Saharan African Countries

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Publisher : International Monetary Fund
ISBN 13 : 1484366409
Total Pages : 51 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Public Investment Efficiency in Sub-Saharan African Countries by : Karim Barhoumi

Download or read book Public Investment Efficiency in Sub-Saharan African Countries written by Karim Barhoumi and published by International Monetary Fund. This book was released on 2018-07-06 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is significant room to improve public investment efficiency in sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-à-vis peers such as emerging and developing Asia as well as Latin America and the Caribbean, and the region’s infrastructure is perceived as being of relatively low quality. Improving the efficiency of sizable investment programs in the region could contribute to more solid economic growth and help achieve desired social priorities and development goals. Results point to some variability in public investment efficiency within the region. Comparing efficiency scores across country groups suggests that investment efficiency in sub-Saharan African oil exporters tends to be lower than in sub-Saharan African non-resource-intensive countries. Additionally, countries in East African Community (EAC) perform better than those in Central African Economic and Monetary Community (CEMAC) and West African Economic and Monetary Union (WAEMU). Stronger institutions could foster more efficient public investment. The regression results in this paper show a positive correlation between public investment efficiency and the quality of institutions, suggesting that devel-oping stronger institutions in sub-Saharan Africa could lead to a significant improvement in investment efficiency. This is particularly relevant for coun-tries with weak institutional quality, where governments may use capital spending as a vehicle for rent-seeking, leading to inefficient spending. Given the current drive for scaling up investment in sub-Saharan Africa, the task of improving institutions quickly should become a priority.

Growth in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451855753
Total Pages : 32 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Growth in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura

Download or read book Growth in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa

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Author :
Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa by :

Download or read book Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa written by and published by . This book was released on 1994 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Adjustment and Growth in Sub-Saharan Africa

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451847092
Total Pages : 36 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Adjustment and Growth in Sub-Saharan Africa by : Mr.Anupam Basu

Download or read book Adjustment and Growth in Sub-Saharan Africa written by Mr.Anupam Basu and published by International Monetary Fund. This book was released on 1999-04-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the factors affecting economic growth in sub-Saharan Africa, using data for 1981–97. The results indicate that per capita real GDP growth is positively influenced by economic policies that raise the ratio of private investment to GDP, promote human capital development, lower the ratio of the budget deficit to GDP, safeguard external competitiveness, and stimulate export volume growth. The favorable evolution of these variables played an important role in the region’s apparent postreform recovery of 1995–97. The paper also discusses a policy framework to promote sustainable economic growth and reduce poverty in sub-Saharan Africa

Foreign Direct Investment in Sub-Saharan Africa

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Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4./5 ( download)

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Book Synopsis Foreign Direct Investment in Sub-Saharan Africa by : Laurence Cockcroft

Download or read book Foreign Direct Investment in Sub-Saharan Africa written by Laurence Cockcroft and published by World Bank Publications. This book was released on 1991 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign investment is even less likely to meet Sub-Saharan Africa's rising foreign exchange and savings gaps in the 1990s than in the dismal 1980s. Investors interested in Sub-Saharan Africa are more likely to commit technology and management than equity capital. Economic activity and overall economic policy may be more effective at raising the total volume of investment than special fiscal and other incentives.

Sub-Saharan Africa

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Author :
Publisher :
ISBN 13 :
Total Pages : 324 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Sub-Saharan Africa by : World Bank

Download or read book Sub-Saharan Africa written by World Bank and published by . This book was released on 1989 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 3. Investing in people.

Resources and Incentives to Reform

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Resources and Incentives to Reform by : A. Dalmazzo

Download or read book Resources and Incentives to Reform written by A. Dalmazzo and published by International Monetary Fund. This book was released on 2001-06 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper models the incentives for a self-interested government to implement "good policies". While good policies lead to investment and growth, they reduce the government's ability to increase supporters' consumption. The model predicts that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the model are broadly supported by evidence on sub-Saharan African countries. In particular, countries that are rich in natural resources tend to have lower institutional quality and worse macroeconomic and trade policies.

Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa

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Author :
Publisher :
ISBN 13 :
Total Pages : 122 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa by : Michael Hadjimichael

Download or read book Effects of Macroeconomic Stability on Growth, Savings, and Investment in Sub-Saharan Africa written by Michael Hadjimichael and published by . This book was released on 2006 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis of this paper indicates that the unsatisfactory overall economic performance of sub-Saharan African countries during 1986-93 was due to inappropriate policies pursued by a number of countries. The countries that have pursued broadly appropriate adjustment policies have performed much better, achieving positive per capita GDP growth. The analysis is supported with an econometric investigation of the effects of macroeconomic policies, structural reforms, and exogenous factors on economic performance. The results indicate that progress in achieving macroeconomic stability and implementing structural reforms have been conducive to better growth, savings, and private investment.

Private Finance for Development

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513571567
Total Pages : 161 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Private Finance for Development by : Hilary Devine

Download or read book Private Finance for Development written by Hilary Devine and published by International Monetary Fund. This book was released on 2021-05-14 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.

FinTech in Sub-Saharan African Countries

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Publisher : International Monetary Fund
ISBN 13 : 1484385667
Total Pages : 61 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis FinTech in Sub-Saharan African Countries by : Mr.Amadou N Sy

Download or read book FinTech in Sub-Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.

Africa's Infrastructure

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 388 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Africa's Infrastructure by : Vivien Foster

Download or read book Africa's Infrastructure written by Vivien Foster and published by World Bank Publications. This book was released on 2010 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable infrastructure development is vital for Africa's prosperity. And now is the time to begin the transformation. This volume is the culmination of an unprecedented effort to document, analyze, and interpret the full extent of the challenge in developing Sub-Saharan Africa's infrastructure sectors. As a result, it represents the most comprehensive reference currently available on infrastructure in the region. The book covers the five main economic infrastructure sectors--information and communication technology, irrigation, power, transport, and water and sanitation.'Africa's Infrastructure: A Time for Transformation' reflects the collaboration of a wide array of African regional institutions and development partners under the auspices of the Infrastructure Consortium for Africa. It presents the findings of the Africa Infrastructure Country Diagnostic (AICD), a project launched following a commitment in 2005 by the international community (after the G8 summit at Gleneagles, Scotland) to scale up financial support for infrastructure development in Africa. The lack of reliable information in this area made it difficult to evaluate the success of past interventions, prioritize current allocations, and provide benchmarks for measuring future progress, hence the need for the AICD.Africa's infrastructure sectors lag well behind those of the rest of the world, and the gap is widening. Some of the main--policy-relevant--findings highlighted in the book include the following: infrastructure in the region is exceptionally expensive, with tariffs being many times higher than those found elsewhere. Inadequate and expensive infrastructure is retarding growth by 2 percentage points each year. Solving the problem will cost over US$90 billion per year, which is more than twice what is being spent in Africa today.However, money alone is not the answer. Prudent policies, wise management, and soundmaintenance can improve efficiency, thereby stretching the infrastructure dollar. There is the potential to recover an additional US$17 billion a year from within the existing infrastructure resource envelope--simply by improving efficiency. For example, improved revenue collection and utility management could generate US$3.3 billion per year. Regional power trade could reduce annual costs by US$2 billion. And deregulating the trucking industry could reduce freight costs by one-half. So, raising more funds without also tackling inefficiencies would be like pouring water into a leaking bucket.Finally, the power sector and fragile states represent particular challenges. Even if every efficiency in every infrastructure sector could be captured, a substantial funding gap of $31 billion a year would remain. Nevertheless, the African people and economies cannot wait any longer. Now is the time to begin the transformation to sustainable development.

Issuing International Sovereign Bonds

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475523106
Total Pages : 37 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Issuing International Sovereign Bonds by : Mr.Mauro Mecagni

Download or read book Issuing International Sovereign Bonds written by Mr.Mauro Mecagni and published by International Monetary Fund. This book was released on 2014-06-04 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This African Department Paper examines the rise in international sovereign bonds issued by African frontier economies and recommends policies for potential first-time issuers.