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Adjustment for Growth : The African Experience »
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
DOI: http://dx.doi.org/10.5089/9781557755667.084
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Back Matter »
Source: Adjustment for Growth : The African Experience
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

Front Matter »
Source: Adjustment for Growth : The African Experience
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole,...

I Overview »
Source: Adjustment for Growth : The African Experience
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
During the past two decades, sub-Saharan Africa has lagged behind other developing regions in economic performance. However, the important overall indicators of performance have masked wide differences among...

II Cross-Country Analysis »
Source: Adjustment for Growth : The African Experience
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
The experience of sub-Saharan African countries in recent years has demonstrated that achieving gains in real per capita incomes requires more private saving and investment. 1 Non...

III Ghana, 1983–91 »
Source: Adjustment for Growth : The African Experience
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
In 1983, after years of mismanagement, Ghana launched an economic recovery program (ERP). The country’s response to the policies adopted during 1983–91 was impressive: severe fiscal imbalances were brought u...

IV Senegal, 1978–93 »
Source: Adjustment for Growth : The African Experience
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
Since the early 1980s, Senegal has carried out a series of adjustment programs, which have been supported by stand-by arrangements, as well as by arrangements under the structural adjustment facility (SAF) a...

V Uganda, 1987–94 »
Source: Adjustment for Growth : The African Experience
Series: Occasional Papers
Author(s): Amor Tahari , M. Nowak , Michael Hadjimichael , and Robert Sharer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 15 October 1996
ISBN: 9781557755667
Keywords: debt, interest, terms of trade, external debt, payments
This case study presents a long-term perspective on investment and output performance in Uganda. Against the background of long-term trends in saving, investment, and output, it describes the initial conditi...