Targeted Policies Mean True Transformation in Africa

2017-04-14T02:01:36-04:00May 8, 2014|

Antoinette SayehBy Antoinette M. Sayeh

In my many travels to sub-Saharan Africa, a frequent question on the lips of policymakers is the following: “Sure, we know that growth has not been inclusive enough and poverty remains high in most of our countries, but what exactly can we do to make growth more inclusive?” This is an important question that the latest edition of the Regional Economic Outlook for sub-Saharan Africa takes a stab at.

It is well known by now that growth in sub-Saharan Africa for the past 15 years or so has on average been quite strong. What is less well known perhaps is that a number of human development indicators such as infant and maternal mortality, primary school enrollment and completion rates, have also improved (see Chart 1).

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Africa’s Success: More Than A Resource Story

2017-04-14T02:15:20-04:00October 31, 2013|

Antoinette SayehBy Antoinette M. Sayeh

When meeting with people outside Africa, I’m often asked whether Africa’s growth takeoff since the mid-1990s has been simply a “commodity story”—a ride fueled by windfall gains from high commodity prices. But finance ministers and other policymakers in the region, and I was one of them, know that the story is richer than that.

In this spirit, in our latest Regional Economic Outlook: Sub-Saharan Africa a team of economists from the IMF’s African Department show that Africa’s continued success is more than a commodity story.  In fact, quite a few economies in the region have become high performers without basing their success on natural resources—thanks in no small part to sound policymaking.

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The Power of Cooperation

2017-04-15T14:00:08-04:00December 21, 2012|

In an article in the new issue of Finance & Development magazine, President Bill Clinton shares his experience working with governments, business, and civil society as part of his Clinton Global Initiative. He says they are making the most progress in places where people have formed networks of creative cooperation where stakeholders come together to do things better, faster and cheaper than any could alone.
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