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2. Drivers of Growth in Nonresource-Rich Sub-Saharan African Countries

2. Drivers of Growth in Nonresource-Rich Sub-Saharan African Countries »

Source: Regional Economic Outlook, October 2013, Sub-Saharan Africa : Keeping the Pace

Series: Regional Economic Outlook

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2013

ISBN: 9781475553413

Keywords: frontier markets, exchange rate, capital inflows, current account

Africa’s growth takeoff since the mid-1990s is more than a commodity story. Several countries have achieved sustained high growth rates without that growth being driven by the exploitation of natural resourc...