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The New Partnership for Africa's Development (NEPAD) Opportunities and Challenges

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  • Saleh M. Nsouli
  • Norbert Funke
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    Abstract

    This paper reviews major issues involved in achieving the objectives of the New Partnership for Africa''s Development (NEPAD). Using a simple framework for evaluation, the analysis highlights considerations relevant to policymakers in the areas of poverty reduction, macroeconomic policies, trade promotion, attracting capital flows, and governance and institutional reforms. The analysis also identifies risks involved in achieving NEPAD''s objectives. To minimize these risks, it will be important to make some goals more operational, to further broaden and deepen stakeholder participation, to establish a sound basis for monitoring progress, to prepare contingency plans, and to harmonize the role of regional institutions with NEPAD initiatives.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 03/69.

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    Length: 35
    Date of creation: 01 Apr 2003
    Date of revision:
    Handle: RePEc:imf:imfwpa:03/69

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    Related research

    Keywords: Development; Poverty reduction; Capital flows; fdi; macroeconomic stability; foreign direct investment; direct investment; market access; trade liberalization; trade reform; economic integration; political economy; regional integration; world economy; non-tariff barriers; tariff barriers; tariff rates; accelerating growth; terms of trade; international investors; investment climate; export diversification; industrial countries; external financing; increasing growth; free trade area; international trade; terms of trade shocks; trade protection; trade shocks; trade integration; domestic savings; economic cooperation; trade volume; skilled labor; average tariff rates; export growth; tariff reduction; net exporter; global shocks; improving customs; domestic investment; technology spillovers; foreign capital; export market share; agricultural subsidies; average tariff; partner countries; quantitative restrictions; external shocks; increasing trade; host-country; export market; rules of origin; foreign investment; preliminary assessment; macroeconomic indicators; trade volumes; trade promotion; competitive practices; trade restrictions; world investment; tariff peaks; open economies; monetary union; free trade; market liberalization;

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Robert E. Hall & Charles I. Jones, . "Fundamental Determinants of Output per Worker across Countries," Working Papers 97021, Stanford University, Department of Economics.
    2. Taye Mengistae & Catherine Pattillo, 2004. "Export Orientation and Productivity in Sub-Saharan Africa," IMF Staff Papers, Palgrave Macmillan, vol. 51(2), pages 6.
    3. Mohsin S. Khan & A. Senhadji Semlali & Bruce D. Smith, 2001. "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund.
    4. Mohsin S. Khan & Sunil Sharma, 2001. "IMF Conditionality and Country Ownership of Programs," IMF Working Papers 01/142, International Monetary Fund.
    5. Andrew Feltenstein & Saleh M. Nsouli, 2001. "Big Bang Versus Gradualism in Economic Reforms," IMF Working Papers 01/98, International Monetary Fund.
    6. Michael Mussa & Giovanni Dell'Ariccia & Barry J. Eichengreen & Enrica Detragiache, 1998. "Capital Account Liberalization," IMF Occasional Papers 172, International Monetary Fund.
    7. Arvind Subramanian & Aaditya Mattoo & Devesh Roy, 2002. "The Africa Growth and Opportunity Act and its Rules of Origin," IMF Working Papers 02/158, International Monetary Fund.
    8. Mattoo, Aaditya & Roy, Devesh & Subramanian, Arvind, 2002. "The Africa Growth and Opportunity Act and its rules of origin : generosity undermined?," Policy Research Working Paper Series 2908, The World Bank.
    9. Anupam Basu & Krishna Srinivasan, 2002. "Foreign Direct Investment in Africa," IMF Working Papers 02/61, International Monetary Fund.
    10. Norbert Funke & Nicola Fuchs-Schündeln, 2001. "Stock Market Liberalizations," IMF Working Papers 01/193, International Monetary Fund.
    11. Reza Baqir, 2002. "Social Sector Spending in a Panel of Countries," IMF Working Papers 02/35, International Monetary Fund.
    12. Benedict J. Clements & Sanjeev Gupta & Emanuele Baldacci & Carlos Mulas-Granados, 2002. "Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries," IMF Working Papers 02/77, International Monetary Fund.
    13. International Monetary Fund, 2002. "Moreon the Effectiveness of Public Spendingon Health Care and Education," IMF Working Papers 02/90, International Monetary Fund.
    14. Sebastian Edwards, 2001. "Capital Mobility and Economic Performance: Are Emerging Economies Different?," NBER Working Papers 8076, National Bureau of Economic Research, Inc.
    15. Dhaneshwar Ghura & Anupam Basu & Evangelos A. Calamitsis, 2000. "Promoting Growth in Sub-Saharan Africa," IMF Economic Issues 23, International Monetary Fund.
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