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Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries

Author

Listed:
  • Daudi Ballali
  • Mr. Pierre Dhonte
  • Mr. G. Terrier
  • Mr. Stéphane Cossé

Abstract

This paper highlights selected recent developments in the economies of sub-Saharan Africa. It notes that the outlook for commodity prices has improved, and with it the outlook for economic activity beyond 1994; it also notes, however, the need for higher savings and investment to sustain growth over the medium term. The paper also covers two aspects of structural adjustment: the liberalization of exchange and trade systems, which has been extensive and has resulted in a sharp reduction in exchange market distortions; and the momentum of regional integration in the CFA countries and in the Southern Africa region.

Suggested Citation

  • Daudi Ballali & Mr. Pierre Dhonte & Mr. G. Terrier & Mr. Stéphane Cossé, 1994. "Economic Trends in Africa: The Economic Performance of Sub-Saharan African Countries," IMF Working Papers 1994/109, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1994/109
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