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Deepening Structural Reform in Africa : Lessons from East Asia »
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
DOI: http://dx.doi.org/10.5089/9781557756343.071
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
As Africa looks for ways to deepen and accelerate the economic reform process, what lessons can East Asia offer? this book edited by Laura Wallace, records the proceedings of a seminar that involved a dynamic excha...

1 Opening Remarks »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
Welcome to the Third African-Asian joint meeting on Policies for Growth in Africa, organized by the Government of Japan, the International Monetary Fund, and the World Bank. We are delighted to see many of y...

2 Obstacles to Continued Reform: An African Perspective »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
In recent years, growth rates in sub-Saharan African countries have improved somewhat on the average, but they are still sub-optimal and sluggish in spite of many years of economic adjustment. At the same ti...

3 Obstacles to Continued Reform: Indonesia’s Experience »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
When indonesia embarked on a more rational attempt to develop its economy at the end of the 1960s, it designed a series of economic reforms to support the implementation of its string of Five Year Plans. I w...

General Discussion »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
Economic Policy and Democracy Basant Kapur of Singapore, picking up on Kwesi Botchwey’s statement that countries would benefit economically from a stable democratic e...

4 Strengthening Revenue Mobilization Efforts in Sub-Saharan Africa »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
It is well recognized that an adequate noninflationary revenue mobilization effort is critical for the financing of a government’s necessary social and economic expenditure obligations. Unfortunately, in sub...

Comments »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
Shahid Yusuf Peter Heller has done an excellent job of defining the challenges that African countries face in mobilizing tax revenues. He has also nicely encapsulated the IMF’s lates...

5 Financial Reform in Central Asia: Lessons from the Kyrgyz Republic »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
Before we can decide whether or not the financial reform experience of a Central Asian country can be of some help to the structural reform of an African economy, we must understand the differences between t...

6 Speeding Up by Slowing Down: A Market-Building Approach to Financial Sector Reform »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
Given the many serious disruptions and financial crises that have been associated with recent attempts to modernize, privatize, and market-orient the financial systems in African countries, it would seem app...

Comments »
Source: Deepening Structural Reform in Africa : Lessons from East Asia
Series: Books
Author(s): Laura Wallace
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 13 May 1997
ISBN: 9781557756343
Keywords: structural adjustment, foreign exchange, banking, privatization, central bank
Basant Kapur I think both of the papers on financial sector reform are very thought-provoking, but I propose to confine my comments to the paper by David Cole and Betty Slade since m...